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Discount?

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Super Contributor
So Anglo and co sold 14.7% of shares at a 10% discount. The market has pushed the price of 100% of shares down by 15% over 2 days. Monday is day 3. Three day rule?
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Super Contributor
It is on support and oversold on the daily chart so you might well get a bounce. I am a bit worried about the 10 year chart-looks like we could be forming the right shoulder of a massive head and shoulders. If the support line (of its uptrend since January)breaks, and it is on it right now, it could make its way down to its lows of January again (around R40), which is more or less where the neckline comes in.I hope it doesn't but the market didn't like the sens of 30 November, so it wouldn't totally surprise me.
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Super Contributor
Up 7% on the day, not too shabby a trade and still on volumes above the norm.
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Super Contributor
Not bad at all!
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