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Online Share Trading

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Billiton

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Preston
Super Contributor
Time to go long on BIL.
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25 REPLIES 25
Quakedog
Super Contributor
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Preston
Super Contributor
Cos, on my system , it is a buy.
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prancing_horse
Super Contributor
@ Preston,Long term or to trade? My son bought today for long term, against my advice.
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Preston
Super Contributor
@prancing, I bought equities and also cfd's. Time frame is short term.
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prancing_horse
Super Contributor
When you say equities, you mean long term, that is 3 years plus?
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Preston
Super Contributor
Under normal circumstance, it would keep this for 3 year, but my problem is, I do not trust this market, so once I have a sizeable profit and reversal is on the horizon, i dispose of the equity and bank the equity profit.
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Eurostar
Contributor
I shorted BIL on Friday, i see some reversal happening along will all the resource stocks!
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Preston
Super Contributor
Are you still short?
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Eurostar
Contributor
Yes, i got a short to medium term view on it! Lets see how it plays out and hopefully doesn't take out my stops.
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Eurostar
Contributor
Buyers eventually got fatigue ... Hope you closed the LONG !
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Preston
Super Contributor
Nothing to do with Buyer fatigue. I will give you are clue, have a look at Sasol, and KIO.
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Quakedog
Super Contributor
Did you take profit yesterday dude?
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Prestonmyhusban
Regular Contributor
Sold some of cfd's.
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Preston
Super Contributor
85% Out of Long Cfd's
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Eurostar
Contributor
Im out :) what a day!! shu
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Eurostar
Contributor
Im out :) what a day!! shu
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Preston
Super Contributor
You pull the short trigger too early my friend.
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Eurostar
Contributor
Preston i wish you told me too hold on a bit longer, i wanted too climb in higher again but missed the bus :)
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Preston
Super Contributor
@Eurostar,I would not recommend shorting at these level. You did do well with your initial short. Keep your chin up :-). Market will provide you with many more opportunities.
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