I have no idea what it is saying I just know, I am not selling until Feb 2016 or R2 per share, which ever comes first
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The LONMIN share price thread
- Thread starter snoopdoggydog
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- lonmin shares
I have no idea what it is saying I just know, I am not selling until Feb 2016 or R2 per share, which ever comes first
shooter69
Expert Member
Ok I am done. I have bought my 10k+ cheap Lonmin shares. I have no plan to sell anytime soon.. this is a short/medium term investment until I can see where this company is going.
So now I will not worry about what the price does for the rest of December
So now I will not worry about what the price does for the rest of December
Drifter
Honorary Master
If it goes to R2 per share it can go to R8 per share.
Ok I am done. I have bought my 10k+ cheap Lonmin shares. I have no plan to sell anytime soon.. this is a short/medium term investment until I can see where this company is going.
So now I will not worry about what the price does for the rest of December
Same here!
That is the first mistake people make. It can also tank.
Trading is all about discipline.
You set your goal and you stick to it.
shooter69
Expert Member
I am dead sure that this whole Lonmin thing must have broken some records here in SA
African bank a close second
Drifter
Honorary Master
For sure it can tank.
The_Ogre
Honorary Master
Jisis bru.Did YingYang kill himself?
Yesterday was our end of year function so I didn't pay attention to any of my trading. I got SMS's but ignored them because I was too drunk.
This morning when I logged in and I've been margin called when the market opened!!! Fsck!!!
Incidentally, one of my forex accounts is blown as well (it only had 200AUD in it so not that big a loss
I should stop drinking!
5plus2equals9
Well-Known Member
The market (and price) should have already reacted to that upon its announcement.
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The_Ogre
Honorary Master
I've been margin called upon opening of the market. So that's I think 800 bucks down the drain. Thank god I didn't trade more, I wanted to buy 10k worth of contracts
Well reality is the price is now inline with the rights issue
Jisis bru.
Yesterday was our end of year function so I didn't pay attention to any of my trading. I got SMS's but ignored them because I was too drunk.
This morning when I logged in and I've been margin called when the market opened!!! Fsck!!!
Incidentally, one of my forex accounts is blown as well (it only had 200AUD in it so not that big a loss
I should stop drinking!
Lolies
I've been margin called upon opening of the market. So that's I think 800 bucks down the drain. Thank god I didn't trade more, I wanted to buy 10k worth of contracts
TofuMofu
Honorary Master
Is that a good thing?
I might be wrong 90% of what I say here is not validated what so ever. ( SO take my bubbles with caution )
TofuMofu
Honorary Master
5plus2equals9
Well-Known Member
If it takes the market that long to react, we could all have been making a killing by taking a short position on the shares.
Rkootknir
Expert Member
- Joined
- Dec 8, 2005
- Messages
- 1,180
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- 98
The last trading day for the nil paid rights (LONN) was yesterday, so everybody who bought those in the open market now have the choice (up to 11/12/2015 IIRC) of either taking them up or letting them expire. Standard theory suggests that at the point where the nil paid rights stop trading the price of the share should equal the price of the rights issue as the arbitrage opportunities disappear.
[Correction]Rights had to be taken up yesterday - they'll only settle on 10 Dec though.
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I did make a killing