The LONMIN share price thread

Thor187 said:
Yes. CFD's ( leverage/geared trading ) is not for play, it's people who makes a living trading

I touched it once. made a penis of a loss, like I cried.

Touched it again made a good profit and then vowed to never go back.

Quite frankly, just the thought of an CFD scares the fck out of me
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Duly noted, thanks Thor.
 
Thor187 said:
Contract For Differences, you predict the price and gains are exponential both sides of the scale

So you can loose more than your initial investment or make more too
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What Tor said, you speculate against your broker (in my case OST).

If, at the close of the market, the price is lower than what it opened at. Standrard Bank deducts the difference from my free margin (this is money you have to keep in your account for when things do not go your way).

If the price is higher at close, Standard Bank moves money into my account, based on the movement.

To put this into context, if the market were to close at its current value of 62c, I will have to pay Standard Bank R92,29. This while the share price only moved 0.04c downwards.

Do you understand now that you can lose much more than what you invested? :p
 
Drifter said:
Ouch, easy way to get burnt it seems, and not something a new investor should try at all.
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Ja, this is not for novices. But on the flip side, if the market were to rise even just 30c from my initial entry at 70c I will make thousands!

Thor187 said:
Yes. CFD's ( leverage/geared trading ) is not for play, it's people who makes a living trading

I touched it once. made a penis of a loss, like I cried.

Touched it again made a good profit and then vowed to never go back.

Quite frankly, just the thought of an CFD scares the fck out of me
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Its fun though :)
 
YingYang said:
What Tor said, you speculate against your broker (in my case OST).

If, at the close of the market, the price is lower than what it opened at. Standrard Bank deducts the difference from my free margin (this is money you have to keep in your account for when things do not go your way).

If the price is higher at close, Standard Bank moves money into my account, based on the movement.

To put this into context, if the market were to close at its current value of 62c, I will have to pay Standard Bank R92,29. This while the share price only moved 0.04c downwards.

Do you understand now that you can lose much more than what you invested? :p
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YingYang said:
Ja, this is not for novices. But on the flip side, if the market were to rise even just 30c from my initial entry at 70c I will make thousands!

Its fun though :)
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As you can see the leverage potential is massive, if something goes in your favor you only need a litte but to make you a fck load. ( also true the other way around, hence the risk )

2015-12-02_11-27-20.png
 
since you buggers like flying close to the sun, explore trading warrants (options - short) on venture capital companies bottoming out.
the stock market is probably equally driven by perception as it is by fundamentals.

as you can see (and most are doing right now) when a "worthless" stock is suddenly taken up in large numbers, it often causes a knock on effect and the value suddenly jumps - for no fundamental reason.
but be cautioned - know when to jump ship close to when "critical mass" is approaching - the 1st big sell causes the same domino effect in the opposite direction
 
grantza said:
since you buggers like flying close to the sun, explore trading warrants (options - short) on venture capital companies bottoming out.
the stock market is probably equally driven by perception as it is by fundamentals.

as you can see (and most are doing right now) when a "worthless" stock is suddenly taken up in large numbers, it often causes a knock on effect and the value suddenly jumps - for no fundamental reason.
but be cautioned - know when to jump ship close to when "critical mass" is approaching - the 1st big sell causes the same domino effect in the opposite direction
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Fact.
 
Why is the stock price dropping? I don't see any bad news at the moment or is it due to the pending news on the 7th?
 
Pitbull said:
People are selling so the price drops. One needs to try and find out why they are selling ;)
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I imagine long suffering shareholders are selling because they do not see the company recovering and are simply cutting their losses. Then you have the scavengers who bought at but 50c and are simply trading the share for profit on speculation. The company is either going to fold or the share price will recover once all the scavengers leave and we see the results of the turn around plan.
 
R13... said:
I imagine long suffering shareholders are selling because they do not see the company recovering and are simply cutting their losses. Then you have the scavengers who bought at but 50c and are simply trading the share for profit on speculation. The company is either going to fold or the share price will recover once all the scavengers leave and we see the results of the turn around plan.
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My personal opinion is that Lonmin will not recover. A company I did some work for started 2 weeks ago by dumping shares. I do not know how much they own, but it is millions of Rands. According to them they will suffer losses of more than R2m, but they want to get some of their investments back before everything backfires on them.

So, while I do agree with scavengers, I do not believe that they are the only movers and shakers in this market. They are picking up the shares dumped by the larger investors.
 
Toothless said:
My personal opinion is that Lonmin will not recover. A company I did some work for started 2 weeks ago by dumping shares. I do not know how much they own, but it is millions of Rands. According to them they will suffer losses of more than R2m, but they want to get some of their investments back before everything backfires on them.

So, while I do agree with scavengers, I do not believe that they are the only movers and shakers in this market. They are picking up the shares dumped by the larger investors.
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I'm going to laugh in that company's face!
 
But in all seriousness I don't think Lonmin will recover hence why this is a short term gamble and not a long term investment in my portfolio
 
The PIC is one of those underwriting the rights issue. I read somewhere that they intend on taking their shareholding from 7 to 25%. They're probably acting on government mandate to save jobs and will thus try and prevent the company folding. It's a huge gamble on pensioners money they're taking
 
Method said:
Same here, but when do we sell?
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I've got 5227 Rights Shares which cost me just about a grand to secure.

I reckon if they recover to R2 I'll have made my money back ten fold. So what I'll do then is sell half of them because that is already a tidy profit.

I'll leave the other half for the three years then. If it goes tits up...I already made a 500% profit on what I put in.

If it goes up even more in 3 years well then I'll just be smiling.
 
Method said:
Same here, but when do we sell?
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I've already made my money selling at R1 something when I bought at 26 cents.

Right now I have a bunch of shares in them which I'm not selling unless they fold.

I will look after the rights issue how the share performs thus if it recovers well I'll leave it and set a stop loss in for like if it fells 20% in a day I sell, something like that
 
The Lonmin shares thread

So recently I bought lonmin PLC shares but I bought them out of curiosity, is lonmin ever going to recover. they are around 60 to 70c per share...and show no signs of hope. I spent R500 on them hope one day they will surprise me...who else bought them and do u guys have hope
 
I bought about R2000 shares for 49c each last week.

I'm hoping to make double :p If not, then meh.
 
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