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Online Share Trading

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Alsi further up OR pull back

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poor
Occasional Contributor
is this a good time to start shorting or should we wait for it to go up to the all time high?
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19 REPLIES 19
koos2
Super Contributor
I think you should short this , 60k is still sooo far away. Yeah , you can short this, do it, do it now.
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Rams
Super Contributor
Wait for the pullback. Shorting now, you make it big or you can go bust....
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Rams
Super Contributor
Goldman Sachs think this market is due for the 3rd wave down...
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Rams
Super Contributor
should there be a pullback, the level it pulls back to would be useful both technically and fundamentally to work out possible future trends. But there is the noise that interest rate hile and lower commodity prices may move the market down. I still think that it would be an opportunity to bulk up those long term portfolois and trade the short term movements. If anything, the market may just trade sideways....
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Preston
Super Contributor
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Rams
Super Contributor
May be a good time to think about shorting MSM...
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kwagga
Super Contributor
Don't anticipate that you think is going to happen. The next move should have enough points to make profit even if you don't get it early. Up or down doesn't matter. Just don't anticipate because you have a bias towards the market. Wait and then play.
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Preston
Super Contributor
oyo Khanna, why you putting "eyes" on MSM.
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Rams
Super Contributor
eh eh, just wish i knew what the heck you saying!
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Preston
Super Contributor
eh, Khanna , can I assume "Google" did not work!!!
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R_
Occasional Contributor
Excellent preston ,"Who let the khanna out , Wolf Wolf"
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Preston
Super Contributor
Ah, are you the dude with the colourful socks and long nails?
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Rams
Super Contributor
about a 1000 points from the high on ALSI
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Preston
Super Contributor
@Rams, I am 3.17% up on my Massmart today, which means that you are a bit over 3.17% loss on your Massmart short. This investment is working out great for me.
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Rams
Super Contributor
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SimonPB
Valued Contributor
but you given it al back on more on your KIO haven't you ?
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Preston
Super Contributor
@simon, behold the MSM soothsayer has spoken and he was wrong yet again. As for Kio, that is a long term play, price action does not bother me.
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Rams
Super Contributor
now less than a 1000 points from the high...
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Rams
Super Contributor
and less than 300 odd points from the high....(ALSI futures)
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