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Community


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Online Share Trading

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Short term prospects

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AJ_
Contributor
I bought @ R136.00 on Wednesday 21 Jan. Share down almost 10% over last 4 trading days. Do I hold or sell and cut my losses?
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10 REPLIES 10
Dr_Phopho
Contributor
Watch gold moves...Gold will have a major impact on it in the short term. And the US fed meeting on wednesday will impact USD and Gold
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Not applicable
Hold on a few more days you will break even.. Top up on dips... Lots of uncertainty in the market. The JSE is sitting a few percent away from all time high.. Lots of stocks are very expensive..APN, NPN etc.. I am thinking we will have a pullback soon..Furthermore the US needs to devalue the dollar abit, it has gained massively against euro so that would also bode well for gold price..Just my opinion..
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Not applicable
Hold on a few more days you will break even.. Top up on dips... Lots of uncertainty in the market. The JSE is sitting a few percent away from all time high.. Lots of stocks are very expensive..APN, NPN etc.. I am thinking we will have a pullback soon..Furthermore the US needs to devalue the dollar abit, it has gained massively against euro so that would also bode well for gold price..Just my opinion..
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Not applicable
Theres also a trading statement out tomorrow, so if it exceeds market expectations we could see a move and the opposite is also a possibility.
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Cedric_1
Contributor
Difficult call. Charts are showing a slight pullback on Gold and possibility of weakening of Rand. On basis of that i sold SGL a few days back and it is now 14% higher!
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FEK
Super Contributor
Gap up this morning, stick with it.
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Not applicable
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powergirl
New Contributor
The chances of ANG going up any further in the immediate future is unlikely with all the talk of interest rate hikes in the US...
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powergirl
New Contributor
The chances of ANG going up any further in the immediate future is unlikely with all the talk of interest rate hikes in the US...
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vv
New Contributor
Now that US hasn't changed the interest rates, what's your take? Is this share ever going to recover over the next 9 months?
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