overbought ---ACL

[MDB]

When will the people realise ACL is overbought?

[kwagga]

This market is like vultures on any good or bad news and ACL seems to be a feel good story right now. Remember where the price came from with the breaking of the bad news - R 115, so your guess to where it can run is as good as anyone's.

[WR]

it must run back to R115 cos I bought in there before the debacle with SIOC and am currenlt on R2m loss. Soooooo....hoping and praying it goes back

[MDB]

what would make you think that it would climb this high ,there is now real positive news and demand for steel in the world at this stage

[MDB]

what would make you think that it would climb this high ,there is now real positive news and demand for steel in the world at this stage

[Torres]

Fond of the stock for short term trading, but ACL does seems a bit pricey at these levels. Maybe some short covering.

[MDB]

maybe good too go short then on CFD,a few bucks to be made

[Torres]

You do so at your peril! Wouldn't advise going against the trend.Do your homework and wait for the right moment . . .

[MDB]

I think ACL in riding the KIO wave