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Online Share Trading

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NOT ARH - Up she goes!

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THRESHOLD
Super Contributor
And the ZAR is taking it up - providing relief to all those that panicked. Just a nice hedge at a 20% discount (with potential growth) against the mess that passes as South Africa's government. Under these circumstances - the management can be forgiven all faults... as predicted.
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6 REPLIES 6
Russ
Super Contributor
The question is, what's the rand going to do next? If it starts strengthening again all the rand hedges come down with it.
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kwagga
Super Contributor
Nice weekly hammer on this share and downtrend broken. I think it might be worth a punt. Stop loss below 1030. 1300, 1350 targets
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THRESHOLD
Super Contributor
Sure - but in the long term - I can't see a future for the ZAR. Her you get to buy a basket of currencies (mainly USD) at a 20% (less now) discount. With potential growth and with the kicker of being the only such product (that I am aware of at least) n our market. If the ZAR spins out - shares like this could run ay beyond NAV as a safety play (like bonds on negative implied yield.)
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Russ
Super Contributor
I'm just waiting for wbo to run out of steam-could be a great short.
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koos2
Super Contributor
hhehehe!, its a buy again (4 me) under 949, wanting s&p5oo to break first, ront might compensatethat though
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koos2
Super Contributor
anyhoo, 4 me its a longterm thingy, (did you hear that sars?) not a trade. Circus ringside seat be damned.
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