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Community


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Online Share Trading

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shp

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Russ
Super Contributor
Have pulled back to support and are oversold.Also big directors' buying lately.A good time to get in,I think.
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6 REPLIES 6
Rams
Super Contributor
the short and long time frames on this share is not in sync....will give it a miss or wait for 125-127 for entry....
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Bangbielie
Contributor
Bought some in 2004 @ 885. Never looked back.
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gareth01
Regular Contributor
Very interesting, director buying 1000 SSF contracts at R132.28....big exposre R13m... Perhaps we should be following suite? Wiese, Christoffel H SHP Buy 100000 13228.71 13228710
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Rams
Super Contributor
big amount but remember thats petty cash for him....but can a director short his company?
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Preston
Super Contributor
Interesting question. I am quite rusty on the Company Act , but based on my prior knowledge, a company cannot render financial assistance to purchase it own shares. If the Director is using his own cash , then i think (but not too sure)he is allowed to short.
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Rams
Super Contributor
did you know Piers Morgan was investigated for market manipulation: bought the share and then advised readers to buy the share the next day...but was aquitted and the share tipster working for the news got to take the blame!
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