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Online Share Trading

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short top40

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DEP
Super Contributor
any body shorting top40? which vehicle topdwp or topdwz or warrants? where do you think the index will go from here?
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42 REPLIES 42
Asher
Regular Contributor
I was gonna short it but a frustrating morning getting info on SBK warrants dissuaded me. Was looking for a move to at least 22884 or 223xx. Now I am looking for a reversal day so I can go long
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john_1
Super Contributor
An interesting feature of todays trade is how heavily the "safe low delta" shares are getting sold,
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Not applicable
Currently shorting with TOPDWZ.
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Runbird
Contributor
I did - just sold out. Going to go long again soon.
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Mic
Super Contributor
short yesterday topdwz @ 93 bailed @ 106 went long topdwi @ 218
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Runbird
Contributor
TOP 40 trading along it's support - maybe go long now? Chartist? Sold out at 112 on DWZ - going long with DWI...
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Runbird
Contributor
Gone below the support level, so I'll wait before going long
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Mic
Super Contributor
I bailed a little to soon but happy with my trade
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Asher
Regular Contributor
I am very interested in your reasons for going long...
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Mic
Super Contributor
If we have another pull back tomorrow ( I don,t think) I will keep topping up as we go down. we are still in a bull market
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DEP
Super Contributor
Soon or later we are going to have a major reversal on the top 40? The market is just waiting for a excuse to sell. So watch out for NYSE for leadership.
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Runbird
Contributor
More importantly, keep an eye on commodity futures. Last time they were down, our top 40 followed suit. And NYSE might not give guidance in that area. Reasons for going long? Simple, trend is still up. Today is just a correction (I hope :)), not a reversal. However, I'll wait for a while before making a call either way - need to see if it trades back up above 23250 first.
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Asher
Regular Contributor
No doubt this is a bull market. I do doubt that a mayor reversal would happen overnight though - will go sideways first IMO, but who is to say?. But right now, for next few days/weeks, I think we gonna have the market letting of some steam. IMHO. I would personally welcome another rally to yesterday high though, anything more than that would change my opinion
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DEP
Super Contributor
Other things that can potential move the market are the budget later in Feb. and MPC next week. Tomorrow state of the nation address by President Mbeki should not hold surprises.
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Asher
Regular Contributor
usually politicians influence the market negatively though - They'll say there is no crime in SA and FSR will drop to 500
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DEP
Super Contributor
big cap leading the way down? AGL; Bil; Sab; imp and big banks... Profit taking? For sure
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Not applicable
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Not applicable
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Not applicable
as long as we still have the prophets of doom I will know we are in a bull market...
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