Bowman
04 Feb 2016
Re: Holding @ 280 1st Feb Bonkers share price movement!I had expected that it would take several days (weeks) to reach my 330 level. I certainly did not expect to see it today and I doubt it will hold for long. All caused by dollar weakness if I understand correctly.Not that I am complaining; I would love to have a couple more days like this!
popes11
04 Feb 2016
Re: Holding @ 280 1st Feb This share movement is bonkers over past few months. It will probably be down 12% tomorrow.The MA do look a little positive.
Bowman
04 Feb 2016
Re: Holding @ 280 1st Feb Nice to see a sp with a 3 at the front (302 as I write), hope this can hold and we can move to the next target of 330 last seen at the end of December 2015, which would see us above the 50d MA. However, I suspect we will see a drop back towards 290 first.
indolent
02 Feb 2016
Re: Holding @ 280 1st Feb I suspect occasional panic buying sprees are more likely than panic selling in the form of short covering rallies. short covering panics I'm thinking at the lower end of the food chain. All those PIs who fly under the radar with small positions which collectively add up. The professional traders probably won't cover until closer to the 52 week low.That's my opinion, no more than that.
Sprocket60
02 Feb 2016
Re: Holding @ 280 1st Feb If i had a crystal ball, then i would include all of these. Your correct that these event can happen that would would impact even more on the S.P.My statement was that Anglo have taken actions to address the issue that threaten the immediate survival of the company. Will see what happens to the markets this Morning first thing & take it from there.
indolent
01 Feb 2016
Re: Holding @ 280 1st Feb "so i can see any further downside being down to panic selling:"How about rational selling on the following or any other fundamental challenge I've not listed?:An RI announcement A continuation of soft Chinese dataCertain heavyweight competitors continuing to add too quickly to supply
Sprocket60
01 Feb 2016
Re: Holding @ 280 1st Feb More bad Chinese manufacturing data dosn`t help with another sell off on the cards. Bought into Ophir on Friday & bailed out this Morning due to this news.The commodity sector is worse than the crash of 2008/9 now with the low prices of commodities looking like staying low for a long time.Anglo has done the correct actions in stopping dividends & selling off non-core sectors, so i can see any further downside being down to panic selling & not on earnings as this is mainly now priced into the S.P.Be back in should it go below the £ 2.50 mark.
xTitanic
01 Feb 2016
Holding @ 280 1st Feb for now at least.Still think there's more to fall, but well done to those who went in at £2.50
indolent
29 Jan 2016
Re: A TA view on Anglo (short vid) [link] seems to be getting positively moist about Anglo now. Well nearly. On the JSE he sees a gap up. I'll make this the last time I post his TA show but he almost always covers Anglo.
popes11
28 Jan 2016
Re: don't panic, don't panic Another good RNS and up we go again. Long road ahead to get back to a respectable level.
Sprocket60
26 Jan 2016
Re: don't panic, don't panic Held up well Today so buyers win for a change. Bailed out at £ 2.45 for day trade. Put in buy for £2.25 but doubt if it will go through as the buying continues strongly.GL.
Sprocket60
26 Jan 2016
Re: don't panic, don't panic Yes, some positive news. Will see if it holds as normal profit taking for Today's rise starts around 15
0 Hrs.
popes11
26 Jan 2016
Re: don't panic, don't panic Well at least it's up today on a positive RNS rather than folk play games with the price.
xTitanic
26 Jan 2016
Re: don't panic, don't panic Zooming up 8% @£2.45 - but will it hold?.
indolent
22 Jan 2016
Re: A TA view on Anglo (short vid) www.businessdaytv.comLook for Traders Corner if interested. Charts based on the JSE not LSE. In this week's show he was tentatively optimistic on Anglo short term. I don't know if he knew about Draghi's latest market interference when it was recorded yesterday.
