Ouch

[vishal]

8% down today

[Preston]

why? Bought at R113, sold at R136.

[Russ]

Playing with fire.

[Preston]

@Russ, either MTN or MTA?

[Russ]

Sorry, Preston, can't access my charts at work but will have a look later. Just know that mtn has a lot of old resistance around R14000 that goes back to 2011-2012 or so. I would only be interested if it can get through that mess.

[Hali]

A short pullback to target of R153.

[Preston]

At R110 (if possible), I will enter again.

[Hali]

http://afkinsider.com/118474/mtn-threatens-shut-nigeria-government-harassment/

[SimonPB]

Hali, you said R140 by today, hope you took the money and ran

[Hali]

I did on Friday already.. Mid 130s.. Thinking of nibbling now again under 125? Your views?

[SimonPB]

my views haven't changed since last time we discussed MTN

[Hali]

Let me rephrase, at what level will MTN be so tempting that you will ignore the blatant corporate governance issues within the company?

[SimonPB]

there is no level ..

[Hali]

So you finished with MTN? Till they have a change in guard?

[SimonPB]

ah, largely .. but they need to change personal, we need to see evidence of it in place .. and then we need right valuation for what s fast becoming a utility

[SimonPB]

bottom line I in no hurry .. I only invest in awesome co's and only want to have 10-12 of the almost 500 listed ..

[Preston]

@simonBrown, In 2007, you were batting in African Banks team! Awesome indeed!!!1

[SimonPB]

err, preston .. not true .. not even one little bit .. never liked them and never owned them .. you should check your sources before blurting out nonsense ..

[Preston]

err Simon,touchy indeed,

[SimonPB]

no, I just reject lies against myself .. that shouldn't be surprising ?!
I get it wrong, no problem with that and those errors well known as I trade / invest in public .. but lies are different ..