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Online Share Trading

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We are dumping !!!

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kwagga
Super Contributor
Fair warning to all out there. This might be a good time to either hedge your portfolio's or to take some profit off the table. The Alsi is starring at another potential 8% down. Target on the ALSI futures contract is 42800. See you at the bottom.
21 REPLIES 21
sponono
Super Contributor
must take out 43800 first and then we might see (43800-(48500-43800)=39100
Preston
Super Contributor
@kwagga, (lol) Chief, Do not open your parachute too early, you could get stuck on the lower level of ALSI bollinger bands and the family jewels could be exposed...
Preston
Super Contributor
Technical pictures to the upside are failing fast. Downside behaving very well
kwagga
Super Contributor
Sorry target is 41800. Short and smiling. Now 1100 pts in the black & liquidated some shares just in time.
Preston
Super Contributor
Well done Kwagga, all RAMS profits is being directed into your bank account.
Preston
Super Contributor
Well done Kwagga, all RAMS profits is being directed into your bank account.
koos2
Super Contributor
So, 50k topi on ze cards...
kwagga
Super Contributor
Hope you're strapped in. Sell targets will be reached today.
Preston
Super Contributor
@kwagga,you are one happy chappie. How is the view at the bottom?
kwagga
Super Contributor
Sunshine & *****tails preston. Love it.
Hali
Super Contributor
Wow - MTN down to 165??
Preston
Super Contributor
ALSI is fighting back...
kwagga
Super Contributor
Just drawing in some more longs in order to gain momentum for the next down leg when they become sellers.
Rams
Super Contributor
lots of explanations, but the FED rate hike the real issue.
Russ
Super Contributor
I agree Kwagga. Why is anyone buying when the trend is down? Surely shorting the bounces is the better option?
Preston
Super Contributor
@kwagga, be weary , the rand is improving quiet nicely!!1
SimonPB
Valued Contributor
no, the real issue is sellers .. beyond that it is guesses ..
Preston
Super Contributor
@kwagga, did you close your short?
Rams
Super Contributor
So, seems FED Rate hike now moved to December , so by Friday we could guess if we at the bottom....