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Online Share Trading

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lonmin

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jannie2
Contributor
Did anybody see some good technical annalysis on Lonmin anywhere ?
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13 REPLIES 13
kwagga
Super Contributor
Virtually impossible to do good analysis on the LON chart. It's like trying to check the oil level on a car that hit a brick wall @ 200km/h.
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mullet_fish
Regular Contributor
.....why would anyone risk this...phew !
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Flyguy
Frequent Contributor
Lonmin concluded 2 deals with investors and gained renewed investor confidence. Looks like the wave from last week just got bigger, and will continue to
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kwagga
Super Contributor
Stay away from LON. It's a classic dead cat bounce. They have R7 bil of debt they need to refinance in 2016, with a market cap half of that. You're going to get smoked. My opinion only off course.
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babz
Contributor
is it legal to have market cap lower than debt? me don't think so.
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babz
Contributor
is it legal to have market cap lower than debt? me don't think so.
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SimonPB
Valued Contributor
not illegal but not very good as an investment
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aqr
Occasional Contributor
use the 15 min chart with RSI.. anyway Si, do we sell short SAB today on this strength? sell the fact kinda?
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SimonPB
Valued Contributor
no, there is a R902 offer on table, about to become official .. short = massive risk
on that point I never trade stocks in M&A play
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Hali
Super Contributor
If that's true..why aren't you going long?
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Hali
Super Contributor
If that's true..why aren't you going long?
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SimonPB
Valued Contributor
becasue I never trade stocks in play ..ether the deal happens or gets canned either way I don't play
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Hali
Super Contributor
Rather safe than sorry.. Mr Brown whats your views on the gold sector/price and specifically to ANG
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