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drop in share price to below 370-00

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Frequent Contributor
GSK selling last shares?? got to be something like that
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Super Contributor
I am not buying.....selling
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Regular Contributor
Also sold this morning; confirmed H & S!
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Regular Contributor
Todays volume may indicate all the bears have been flushed out!I Hope!
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Regular Contributor
What is behind today's sell-off (most shares)?
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Super Contributor
Also sold BIL,SHP , VOD , BVT .....all in the "one year trading portfolio".
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gamma
Contributor
Russ, re-test of prior support before a move lower?
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Not applicable
Well, I am in today. Also in with BVT, REM and DSY. Long positions in each. Steinhoff and CLS too.
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Well, I am in today. Also in with BVT, REM and DSY. Long positions in each. Steinhoff and CLS too.
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Super Contributor
Gamma, you might be right.I see the high today was R360 which in my opinion is the neckline. That might have been the "goodbye kiss". It is oversold on the daily and weekly chart so it might test that neckline again. The monthly chart suggests more downside in my opinion. A close below 344 would be bearish (based on the trend lines).
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gamma
Contributor
Yeah, R360 seems to holding as resistance this morning. If this breaks up through this level, I may well close my short and go long. But for now, staying short. Looking for R320
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Regular Contributor
Agree. Look at both Telkom and MDC; both seem to be a buy soon. What do you think?
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Regular Contributor
Agree. Look at both Telkom and MDC; both seem to be a buy soon. What do you think?
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Not applicable
MDC Definitely flagged a buy today. Telkom - I exited. They just recently announced disappointing results, and the price action confirms the market's dissatisfaction. It is going to be another 6 months before anything positive comes out again - unless they have some rabbit in the hat
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Regular Contributor
Great! I did not review Telkom's results; thanks for important info!
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Regular Contributor
Went Long into Lifehealthcare!Post Results On Wednesday,Could be a Dark horse
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LABAT AFRICA SHARE PRICE ON THE INCREASE GET IN NOW AND ENJOY THE RIDE UP the Company has been short-listed as a preferred bidder in relation to a potential acquisition of one of the other logistic opportunities. Shareholders are advised that, as a preferred bidder, the Company has signed a non-binding non-exclusive term sheet, with a certain party (?the Seller?) in terms of which Labat will acquire the Seller?s business assets and operations (?the Sale Assets?) (?Proposed Transaction?). In terms of the Proposed Transaction, Labat will acquire the Sale Assets for a purchase consideration of R627.5 million (six hundred and twenty seven million and five hundred thousand Rand) to be settled in cash. ENJOY GUYS
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