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Online Share Trading

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small nibble sized bid in at 5800c

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SimonPB
Valued Contributor
boots an all at 5200c ..
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18 REPLIES 18
Prestonmyhusban
Regular Contributor
don't stress, i can keep on booting you till the price gets to R52 lol
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Prestonmyhusban
Regular Contributor
don't stress, i can keep on booting you till the price gets to R52 lol
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Preston
Super Contributor
oopsie, that comment was from me
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Cedric_1
Contributor
I went in on 7th at 62.34. possibly slightly early in retrospect, and again today, but are we at 'boots and all'yet?
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Rams
Super Contributor
boot and all at about 52... if you trading, look at the chart, my analysis says next level to short is reversal at around 63-65. Looking at fundamentals, well the boss is confused, now he targets both ends of the market...
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Preston
Super Contributor
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Rams
Super Contributor
check MSM, now 115, after going all the way up to 132...WHL same pattern..but you right , i could be wrong,and if I was in this share , i would have a stop for the long and a stop for the short around the 65-70 level.
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Preston
Super Contributor
@ RAMS , Walmart paid R148 per share for Massmart,Current shares is trading way below its purchase price and is now trading at a discount. Surely this is an excellent long term investment opportunity.
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Rams
Super Contributor
Maybe for investors , but trading, I am short since 2013 and 115 was my target...stop moved down further .
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Prestonmyhusban
Regular Contributor
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md49
Contributor
If you had to go long on either on a trade - which would you choose at this point.....
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Rams
Super Contributor
Neither, they both short for a trade
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Rams
Super Contributor
MSM broke support at 115 (and looking at H&S pattern)...will be a whole lot cheaper at around 84.
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Preston
Super Contributor
Wow ,MSM broke support on vol of 7800?
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Rams
Super Contributor
wow, yes, i am surprised as you are. Are you a shopkeeper, what is it with you and retailers...there is money to be made, just trade it...
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Preston
Super Contributor
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Preston
Super Contributor
I am not trading this share. But if price is declining of low volume, it is telling you that supply is drying up. Be very careful, if i was you. Remember MR Market is a manic depression.
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Rams
Super Contributor
the stop takes care of care....you can still trade it, stop at 124, target 84. i agree with regarding the volume, but i look at price only and the stop takes care of all the other stuff that determines price.
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