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Online Share Trading

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WHL

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Super Contributor
Simon, I don't think the risks are horrid at all when buying a liquid share like WHL on support. If it breaks support, sell. Small loss. If it climbs, large gain. I would prefer to buy it on support than on a breakout.... when it breaks, do you chase the break, only to see it come back to test the old resistance, or do you wait for that test, only to miss the move completely and watch it run upwards? What if you buy a false break? Where is your stop? (probably right where mine is now, a lot closer to where I bought)
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Valued Contributor
tango, sure if one is ruthless with their stops. Most people are not, and that's teh pain.
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Super Contributor
I do find it a little strange by how much the food retailers have pulled back,after all the rising food inflation is good for their margins
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Super Contributor
lots of mysteries out there - PSG on a PE under 4?? not very demanding...
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Super Contributor
Yes but that has a ones off profit reflected in results, or at least did have the last time I checked. I see Mouton is still buying though.
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Not applicable
WHL already broke major support when it went down through 12.50. Its clear depths down from here on on IMHO.
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Super Contributor
I don't agree.. 1175 has been holding. 1250 was a support level, but not the only one. As I said, I know exactly how much it will cost to find out I'm wrong, so this one is not keeping me up at night
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Super Contributor
tango how tight is your stop loss what level?
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Not applicable
Your right - and it seems that Truworths and Massmart seems to have built up similar bases, but they now running horizontal in a descending band. I would not be surprised if that horizontal run crumbled once it met up with the upper descending resistance line. In fact I'd be sitting with my small R stop in a short position the day it bounced down.
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Super Contributor
very close. WHL looking $%!*ty today. Will take another look near the close today
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