I would like to know what will happen to the amount i see on my portfolio that the shares dropped passing the amount i use to buy shares with. am still new on this depertment of share trading so i really need a proper explanation. what i see on my portfolio is a lot of cash that i owe of about -R140 000. your help will be of important to me.
If you new, why are you trading cfd's? Firstly they are geared instruments and secondly you can lose a lot more than you have. Thirdly and most important why have you waited so long to ask this question? Sell and I hope that you survive to trade another day.
They should let LONMIN fail! This would give the other producers a chance of surviving by limiting supply. By bailing out LONMIN, the government would effectively preserve those jobs for a LITTLE while - long enough to reach the elections would be their plan. It would place the balance of the jobs in the industry in jeopardy. It could lead to the wholesale ruin of the rest of this industry! They would b using our tax money to destroy our savings - the economy to wit.
I would hate to have state pension tied up in the IDC right now. It's become clear that these funds will start to be utilized to drive a political agenda. Funding Lonmin makes absolutely no sense. It's become clear that this industry is ready for massive consolidation.