Author Topic: Live chat  (Read 832476 times)

Orca

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Re: Live chat
« Reply #7320 on: November 09, 2018, 12:19:58 pm »
It is quite normal for profit taking to happen after a short bull run.
I started here with nothing and still have most of it left.

gcr

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Re: Live chat
« Reply #7321 on: November 09, 2018, 02:40:21 pm »
Oversix - I have recorded ALSI and T40 highs (not daily just when they have achieved highs) the current ALSI was sitting 52310.70 and the T40 47115.55 and these were the new highs on 29/07/2014 - so if related to todays values we have experienced a significant pull back already, so we would need a significant event to destruct our bourse - what is that event likely to be, I have no idea but the politicians have been pretty good at destroying wealth in this country. I think the event may only come next year when Cyril the squirrel gets in but with a reduced a majority and we see some prosecutions of a number of politicians and get some money back for the taxpayers - jail would be a good alternative as a disincentive for other politicians   
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Bevan

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Re: Live chat
« Reply #7322 on: November 10, 2018, 08:46:42 am »
Top 40 is heading for a crash setup

Doubt it. Market already quite oversold and recent profit-taking hasn't even hit the 50% retracement level of last week's move. Medium term momentum is going into positive territory. So not exactly boom or bust, better to sit on interest-earning liquid bonds for now.

But watch Nassim Taleb on youtube about how the system is more fragile now than in 2007 going into GFC. Couldn't agree with him more. All that QE has found its way into the market. Household debt has become corporate and government debt now, and interest rates are starting to push up fast around the world. No nation in history has even been able to handle an excessive debt bubble and the US is not immune, even though they have the world's reserve currency. The GFC led to an excessive widening between rich and poor as the rich milked the system on easy money. Expect a levelling pretty soon with property (especially high-end) coming in for some of the earliest and biggest knocks. Then the markets will of course bleed. What we've seen so far is just early jitters from the professional community. But the dumb money and tracker funds have all kept investing, keeping a bottom under the market.

The global crash is coming although it's impossible to tell when. Meanwhile, best to keep watching momentum for those early signals....

jaDEB

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Live chat
« Reply #7323 on: November 14, 2018, 07:42:13 am »
Tiensent out wiff results today. Nervous
jaDEB

Superman where are you now. Everything's gone wrong somehow. The men of steel, men of power. Are losing control by the hour. This is the time

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jaDEB

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« Reply #7324 on: November 14, 2018, 03:48:13 pm »
:)
jaDEB

Superman where are you now. Everything's gone wrong somehow. The men of steel, men of power. Are losing control by the hour. This is the time

Genesis


yozzi

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Re: Live chat
« Reply #7326 on: November 18, 2018, 08:08:19 pm »
It is quite normal for profit taking to happen after a short bull run.

Orca, are you still invested in CML?

Is it a buy at the present price and what's the outlook?

Orca

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Re: Live chat
« Reply #7327 on: Today at 10:25:52 am »
No yozzi. I make a point of not looking at stocks I have sold. I sold at around R87.00 and have no wish to know the price now.
I started here with nothing and still have most of it left.