If anybody enjoys warrants check this out.... CODE: AGLSBM. I traded the call today at 30c and am so confident that this warrant will rock. Will Anglos hit R300 shortly and go beyond? it has 194 days to expiry and is currently at R286 after falling sharply.Needless to say it will yo-yo right up again once the Nersa bad news is digested OMO
I know zip about warrants, bit in terms of the share,not so sure of a quick recovery. AGL been in a bear trend since mid Jan and is likely to go lower. 265 is my prediction. Seems strong support here and correlates to about a 32% retrace all things being equal. So, who knows, maybe you were a touch too early.