Which way ......

[#1]

Well, seems this is a stubborn share... but as any good investor knows you have to hedge your speculations. Buy a few for the reverse direction to cover the stop loss you might suffer. That way you are always covered. If the share did reverse as we all expect it to then you just average down your calls until you break even (or take the smaller stop loss whichever is your tactic and the lesser of two evils.)

[jack12]

I must be a sucker, increased my position by another 10% and a few warrants to ride it out.

[#3]

It is approaching the 90 day to expiry so the time decay and gearing are going to be tricky in the comming weeks. All we can do is watch and see. Will look at a position later in the week again and decide. BTW I see very big volumes (abot 150k per day or more on underlying SAP) at trade end every day for the last few days. Can anyone actually say if was a buy or sell on these volumes everyday for the last 5 trade days? If it is all sales then we are looking at serious profit taking and the sign for a down trend is setting up.

[#4]

Honestly this can go either way! 21 should be very strong though. I am out couple days ago. Should it break 26 tomorrow that could prove vitally important and it can run to 32, then I am going to kick myself for selling :( 90 days is a long time, I don't see it trading above 32 in that time frame though, enough time to make a profit however - my 2c :)worth....

[#5]

Snap1 I agree, I saw on the NYSE that this one has been gaining at the same relative pace as back here over the same period. Closed 6.5% higher (as with SA). Now question is does NYSE lead JSE or does JSE lead NYSE prices? If we could figure this out then who knows. OMO..so all I guess is wait and see where to and decide over lunch what to do.

[#6]

Also keep an eye on Rand dollar fluctuations - has effected the SAP price on NYSE big time as we have been very volatile last couple weeks..

[striker]

I dont mean to gatecrash this party,but why would anyone be holding this stock, when there are many shares with far greater prospects right now.

[#8]

Striker, Sure there are great stocks out there, Nice to play in diverse sectors though. Would you be prepared to impart some of your picks?

[eddy66]

Everything just looks like a heavy fall is on the way...Lets look at the facts.This share is trading at 10% off its hihg.There's a low demand and pulp prices are down.Furthermore the share is up over 30% in the last week.Having said all this,the market is so sentiment driven at the moment,and the US are talking themselves positive with unemployment being better than expected,fact is it's still bad!!! Sad part is we follow all the other markets.Really wish I knew that it was going down,cause then I'lll be a little wealthier :)

[striker]

CPS - mostly all the heavyweight resource counters (like Barry I think coal stocks look good),SOL is reving up,OML still a buy, banks about to turn.Only industrials to be wary of.OMO.

[jack12]

Looks like it is starting to stall(was getting worried for a moment)if it a normal lazy friday, we could be in for some nice profits. gold and plat on the rise:)

[eddy66]

jack12-I know you're short on SAP,where will you start taking profits.Do you think the market will go up tomorrow and what implication does the rise of gold and plat have on this share?

[eddy66]

it's going down down down

[gamma_spike]

here we go....

[eddy66]

I honestly don't know what this shares problem is! It goes up while everything's going down???

[#16]

Its the supply and demand situation.The people who own this shares know about the poor results and the bad conditions for the company.Thats why so many of them want to sell at the best prices they can get.What the people think who buy at these high prices i dont know.

[#17]

All we can do is see what the DOW and other markets do. If the bank stress tests are worse than expected we will see a sudden correction, but if the market has factored the price in over the last little while (from the "leaked" results) then the sentiment of talking themselves positive could persist for a little while longer. OMO and lunch was pretty tasty, only result I decided is to hang on a little longer.

[#18]

Well, Stress results are pretty in line with the leaked results and on a par, my opinion is the fact that they can achieve the short falls without intervention, but we will only know in 30 days (time the banks have to submit proposals for fund raising.). Share declined slightly on NYSE but I wonder if it will result in they same here. I guess a long position for a while is then called for on this share after all.

[jack12]

I will stay with the shorts, bought another 5% yesterday. I thought it would have dropped by now. above Bol, below 200 MA RSI 60 and diverging& MFI 75%. Sometimes everything tells you down but they still go up....

[#20]

I would agree with the short hold but have to make some money while paddeling around the big pond ;-)