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Online Share Trading

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Knee jerking

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Vypir
Contributor
OK - LDT has passed so one can expect the lower trade, but the dividend was R8.00, why are we now at R13 below LDT? Maybe I should use the discount to acquire some more...
20 REPLIES 20
Galuc
Super Contributor
It is flat for the year and 17% down in 6 months, sounds like a lame duck to me.
klapka
Super Contributor
One of the most widely held stocks on the JSE a lame duck? We are in trouble!
Galuc
Super Contributor
Trade the numbers, not the sentiment, omo.
Jughead
Contributor
The worst performing share in my portfolio. It may be time to let go soon.
Vypir
Contributor
Just recently acquired them... I have started increasing my holdings as the price dropped. I think it is fair value around R214 and given the PE and fundamentals it should be doing better. It even has an above average Earnings and Dividend yield. Dividends grew over 20% and so did EBITDA. Overall the company has grown, but the share price is today lower than it was a year ago. The fundamentals are good and the long term prospect must be good (I hope)
manere_fortis
Frequent Contributor
Ja, previous low of R 200 not far now. Start accum on reversal?
AJ_
Contributor
I feel it will hit 19800 before picking up
AJ_
Contributor
I feel it will hit 19800 before picking up
cabb
Occasional Contributor
Perhaps the future growth potential is limiting the current price.
Player_23
Occasional Contributor
Don't forget that MTN has become an oil play - oil down = MTN down
Vypir
Contributor
But Oil's going up... Brent's sniffing 60
Russ
Super Contributor
Might get an oversold bounce but the chart looks a bit risky. I think that level around 200 is also the neckline of a large head and shoulders so it had better hold.
Vypir
Contributor
If it doesn't hold, I'm... ah... going to need some Vaseline :-0
Rams
Super Contributor
so down to 185 if 200 does not hold.
manere_fortis
Frequent Contributor
sufficient reversal for me on hourly chart, I've taken a small posn
manere_fortis
Frequent Contributor
Yeah, Vyper, well done you too, for hanging in there! I did wait for the signal, so in from R203, but still gratifying. I am less convinced about fundamentals than you and may well take profit quite soon, lets see what the action looks like near R 226.
manere_fortis
Frequent Contributor
Sorry, Vypir, that I'm such a doffie as not to be able to spell your name
manere_fortis
Frequent Contributor
Vypir, I have exited MTN posn (at R 222). Seems to be a bit of indecision, and its just below prev R226 resist. The price may well be going higher still, but this is enough profit for me.