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Community


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Online Share Trading

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WHL

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keng
Contributor
Can someone please explain the sell off (forget the BEE story) of this share. I would have thought that being the LTD people would be buying the share. Am I missing something is the LTD like a bait and savvy traders dump the day before.
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16 REPLIES 16
Rams
Super Contributor
AGL up more than 5%....and almost all retail stocks down about 5%...
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Not applicable
Sector rotation happening from Industrials and Financials into the oversold Resources - plot the Relative Strength Comparative charts of these three indicies against the ALSI and you see the rotation as it happens.
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keng
Contributor
Thanks Rams and Monty
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Crux777
New Contributor
Any idea who decided this and when ? How is that we don't know about this beforehand ?
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Funnymoney
Frequent Contributor
They certainly taking a hiding at the moment! That's for sure...
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SimonPB
Valued Contributor
there is no formal notice, it just happens .. and will unhappen just as quickly one day ..
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Crux777
New Contributor
Comon, Simon, this just cannot happen. How can all the traders suddenly decide to sell at the same time? Someone or some news/ incident must have prompted this. It is us DIYers that have no inside information.
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DEP
Super Contributor
Well, when some of us posted here a few weeks ago that Retailers are overpriced and resources are under priced we were called all sorts of names...
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sponono
Super Contributor
it can, it will and it does. you're not doing very well on your third post. traders/investors are like a school of fish. make sure you are positioned somewhere in the middle of the school not at the bottom and not on top otherwise you become shark meat.
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DEP
Super Contributor
Sponono - that's rich coming from you. You so pro Retailers, what now?
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sponono
Super Contributor
I was stopped out of TFG at R130 and TRU at R99. On Friday the market was marginally down and the Retailers were down a lot. I bought SHP at R58 and took profits at R64; today SHP is back to R58. Today same story: Something is happening in the retail space and I dont what. On Friday, for example, ARI was up 6% on the biggest volumes in 3 years. This tells me smart money has been accumulating: I will join them when the 200 day SMA starts to turn. As a trader you go with the market you dont WHY? Getit.
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prancing_horse
Super Contributor
DEP, still sitting with the SHP short? I must say the action of the last few days has made my cfd portfolio turn from light green to dark green.
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Not applicable
AGL is partly driven by Glencore Xtrata merger as well. Xstrata wanted AGL with red eyes
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Not applicable
Also the printing press from Dragi. Wait until Ben and the Germans add some peri-peri to the whole mix. Shanghai added their salt with infrasture budgets. All good news for resources. Chinese will suck up the coppers, iron ores and Europeans will built a lot more BMWs and AUDIs. That is all good news for diversified miners and platinum miners.
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phd
Contributor
So, what you're saying is that you're happy to completely disregard fundamentals in the resources sector, simply on the basis of what your charts tell you?
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Crux777
New Contributor
Buddy, you knock on me by saying I am not doing well on my 3rd post but then you say that something is happeing on the retail market and you don't know what . Is that kind of contradictory to my reply to Simon ?
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