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- Thread starter Thor
- Start date
I had a fairly large order in for Woolies in at R82, could have gotten it at R83 at that stage.... FML :-(
chicken247
Senior Member
- Joined
- Mar 8, 2011
- Messages
- 638
There must be some kind of way outta here
Said the joker to the thief
There's too much confusion
I can't get no relief
Said the joker to the thief
There's too much confusion
I can't get no relief
Thanks
just to add, the JSE often closes earlier, say 12:00 or 14:00 on the day before a holiday
Though I don't have that kind of money to throw around, i would certainly be happy to make an extra couple of rands
I'm with you, I'll also be grabbing some shares on the 17th.
Okay, I managed to buy R20k into ACL this morning. Could not get the shares at R3.25, but rather at an average of R3.29. Got 6079 shares now, so, now to see what happens...
Damn, you should have bought in earlier this morning. You could have bought in at R3.29 to R3,35... Price is now at R3.65.
Thing with ACL is that it is a once-off short-term trade in my opinion. Their share price fell by 30% on Tuesday and it was highly undervalued. I knew it will rise again and that the reason why I went in early this morning with more. Currently it is paying off big time for me.
The question, however, is how much higher will it go?
My initial investment in them (a much smaller amount) was on Tuesday when the share price fell 8%. I think I bought in at R4.11. I wonder if the price will go back there again?
The problems ACL is facing is too much of a risk for a medium or long term investment. ACL will fall in the next 1-3 years and will eventually delist. Here is my reasons:
1. The company sold a massive amount in a BEE deal - and we all know what happens to a company then.
2. As mentioned by others, Chinese are dumping steel in SA at more cost-effective prices.
3. ACL said they would fight this, but we all know our governments' dealing with Chine will actually allow them to dump even more.
ACL will not survive this.
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Anyone here use https://www.etoro.com/ for international trading?
I have signed up with them and deposited an initial $500 which just sat in my Paypal account in any event. Just waiting for verification to complete to see if they will accept me, which I do think they will do.
I will try them out and see how it goes.
Since most of my money comes via Paypal, and they accept Paypal, I think this is a great way for me to invest some of my profits in exactly the markets I want to invest in.
I do not know the company, but it appears they are from Cyprus and they are compliant both in the EU and the US. Some of the reading I did showed most investors are quite happy with them.
Swa
Honorary Master
- Joined
- May 4, 2012
- Messages
- 31,213
Capitec still not doing as good as I'd hoped but it may be a while before it heads back to R600. I'll be happy with 1%/day.
Okay, I have placed my first order with them. Was relatively easy and fast. NYSE still closed and they did notify me that the order will be executed when the market opens. So, will monitor and see how it goes.