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Online Share Trading

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today the day the ABL bubble

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Valued Contributor
really burst .. off 24% so far
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19 REPLIES 19
Super Contributor
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Super Contributor
I am tempted to step in soon... BUT then I can't remember when last I made a profit on one of those "trade" things.
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Super Contributor
dont trade those "trade things"...trade the real thing...ALSI futures(no thinking please)
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Super Contributor
Goodness. That was a big pop.
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Super Contributor
Those trade things are interesting. The ALSI is a job.
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Super Contributor
agreed, but less of a job these days, with mobile tech....
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Super Contributor
Well I've taken a dollop of ABL at R16. Based on her metrics she is cheap - as a trade she is cheap. Now the nail-biting commences. Very ugly market -methinks the penny has dropped and the world has finally woken up to the state of SA Inc.
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Super Contributor
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Super Contributor
...and the 3 blind mice just follow it LEW SHF JDG
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Super Contributor
Lovely sale..back to 2004 prices!
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Not applicable
Well, as an investor, I would be looking for extreme price or extreme momentum. Right now, you are staring at a micro lending business that has been around for almost 20 years, a furniture retail store that is a household name, and a company that is still profitable in weak domestic market conditions. I would say they fall into the extreme price category?
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Super Contributor
Will probably see 10-11 bucks. FGL was the right share to invest in that sector in recent times.
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Super Contributor
Well done....but it's time to sell now and take me for investor wonderful advice lunch
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Super Contributor
Skapie, look at the charts or look at the financial statement s, we don't need all that guess work and prayers
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Super Contributor
I see all the banks got hit hard today
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Contributor
Porbably more market reactions to pull down the price further.
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Super Contributor
It occurs to me, that with labour wage negotiations season about to commence, strike actions are highly probable, especially considering the likely unreasonable demands. hundreds of thousands of 'emerging market' employees sitting around without wages until settlements are reached would have a massive impact on the unsecured lending space ....
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Not applicable
Rams, you fool. What do you think I am doing? One of these days you will come to realize there is more to investing than Alsi futures contracts and day trading. There are thousands of styles and philosophies. And oversold stocks with doomsday scenarios priced in are part of my philosophy. Now if you want to try to understand that, instead of bland sweeping statements pointing to the magic of charts and fundamentals you clearly haven't studied yet, by all means ask away.
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Super Contributor
yeah, lamp chops, i like to see entry levels, exit levels, stops etc, not hopes and prayers...
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