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Online Share Trading

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banks...the skeleton in the closet?

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Is this what the head and shoulders is warning us about?....BEE deals under water....IMP,MTN,BAW,OML ....banks exposed to these counters which in some cases have lost half their value....has impact on health of their balance sheet...Nedbank impairment charges up 88#
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There has to be some hidden reason they are not letting us short them!!
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asylum
Super Contributor
yes i find the story that they cant borrow stock for us to short the banks a lot of hogwash, and it should be investigated.
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Jobarshares
Contributor
There are still some H/S formations thats forming nicely, e.g. MPC, SLM, etc. You can still short them.
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banks are now run by bank robbers are a bunch of cr%$£$%ks , only they are quick to take your money but will come up with every excuse not to pay you, just look at banks financial statements see where most of their profit comes from, i say the new party should form a bank thatallows you to stand in ques with no charges and only charges to borrowers etc
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Also received this email: Thank you for your e-mail. This is due to us not being able to borrow stock to allow short positions.
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what a wonderful note of no confidence in themselves....ya the writing is on the wall...
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err that should be vote...
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out of interest, can we still short using CFD's on DWT or IdealCFDs? I don't use these platforms
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Jobarshares
Contributor
As far as I know, on Ideal CFD's you can still short Banks.
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