Author Topic: Live chat  (Read 1845651 times)

letlhogonolo

  • I've just arrived
  • *
  • Posts: 37
  • Karma: +0/-0
    • View Profile
Live chat
« Reply #2010 on: April 16, 2015, 11:30:18 am »
Sasol, what a jump

gcr

  • Hero Member
  • *****
  • Posts: 1008
  • Karma: +28/-1
    • View Profile
Re: Live chat
« Reply #2011 on: April 16, 2015, 02:19:11 pm »
Here's an interesting situation for all those people who really think they are going to make millions from playing with penny stocks.
I took a gamble on Nutrition Holdings (NUT) and over time bought 1.5 million shares all at 1 cent. Today they have traded at 4 cents a share and given my costs to purchase my profit would be R 44,850 if I could sell my entire holdings today. A sizeable profit in any terms, but here's the problem - if I try and unload 1.5 mil. shares in one hit I am either going to end up selling off part sales and incurring brokerage on each closed deal and I may well not get to the point where all sales fall in one day. So to unload such a holding will eat into my profit significantly, there is another danger because those people who watch the density of shares would see a holder of the stock selling a substantial holding and there is every chance this will depress the market to some extent
Anyway I believe this share will still go higher and I have already placed orders to sell at a figure considerably above the current 4 cents, so will just wait and see and if I get my prices I will let the forum know of my eureka moment, but then again it may in the short term swing the other way
So if you play with penny stock write the costs off immediately you purchase them, as you are more likely to lose money on them rather than get great returns :LHST: 
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Nivek

  • Sr. Member
  • ****
  • Posts: 295
  • Karma: +6/-1
    • View Profile
Re: Live chat
« Reply #2012 on: April 16, 2015, 03:59:03 pm »
Sasol, what a jump
Rose pretty much in line with the oil price.

Patrick

  • Administrator
  • Hero Member
  • *****
  • Posts: 2550
  • Karma: +47/-2
    • View Profile
Live chat
« Reply #2013 on: April 16, 2015, 04:29:52 pm »
@gcr, if you transferred those holdings to easy equities, you wouldn't have any minimum fees. That means you could sell a few without huge transaction costs.

gcr

  • Hero Member
  • *****
  • Posts: 1008
  • Karma: +28/-1
    • View Profile
Re: Live chat
« Reply #2014 on: April 16, 2015, 09:13:03 pm »
@gcr, if you transferred those holdings to easy equities, you wouldn't have any minimum fees. That means you could sell a few without huge transaction costs.
And my holdings with them would raise what sort of charges? - currently I enjoy no holding or admin charges with my brokers other than conventional scrip sales/purchase charges
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Patrick

  • Administrator
  • Hero Member
  • *****
  • Posts: 2550
  • Karma: +47/-2
    • View Profile
Re: Live chat
« Reply #2015 on: April 16, 2015, 09:34:58 pm »
0 annual and holding fees, and just 0.25% commision with no minimum brokerage fee. You'll have to pay you broker to move the holding out thugh, ABSA charges R170 per share.

gcr

  • Hero Member
  • *****
  • Posts: 1008
  • Karma: +28/-1
    • View Profile
Re: Live chat
« Reply #2016 on: April 17, 2015, 10:09:14 am »
0 annual and holding fees, and just 0.25% commision with no minimum brokerage fee. You'll have to pay you broker to move the holding out thugh, ABSA charges R170 per share.
So there is no value switching - as I said I don't pay charges now, and there is the switching charge to another broker
Will stay as I am
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Patrick

  • Administrator
  • Hero Member
  • *****
  • Posts: 2550
  • Karma: +47/-2
    • View Profile
Live chat
« Reply #2017 on: April 17, 2015, 08:13:25 pm »
@gcr, the only benefit would be being able to offload your penny shares in small increments. I'd only switch that share.

Moneypenny

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 1891
  • Karma: +37/-0
    • View Profile
    • Bu Valiere
Live chat
« Reply #2018 on: April 21, 2015, 10:56:16 am »
So by the way, Stage 5 Loadshedding implemented... Stage 5 loadshedding is when Eskom comes to your house and blows out your candles and removes the batteries from your torch.

Orca

  • Hero Member
  • *****
  • Posts: 2274
  • Karma: +54/-3
    • View Profile
Live chat
« Reply #2019 on: April 21, 2015, 02:01:16 pm »
Watch ADI run. :)
I started here with nothing and still have most of it left.

jaDEB

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4534
  • Karma: +30/-3
    • View Profile
Live chat
« Reply #2020 on: April 22, 2015, 10:21:28 am »
damn, Ass is all over the place .
jaDEB

If it scares you, it's a sign you need to do it

Moneypenny

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 1891
  • Karma: +37/-0
    • View Profile
    • Bu Valiere
Live chat
« Reply #2021 on: April 22, 2015, 10:56:32 am »
That's what he said. I assume you meant Asr, high 10945, low 10213.

jaDEB

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4534
  • Karma: +30/-3
    • View Profile
Live chat
« Reply #2022 on: April 22, 2015, 10:57:41 am »
Yip, Assore :)
jaDEB

If it scares you, it's a sign you need to do it

Moneypenny

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 1891
  • Karma: +37/-0
    • View Profile
    • Bu Valiere
Live chat
« Reply #2023 on: April 22, 2015, 10:59:16 am »
Thought so :)

Moneypenny

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 1891
  • Karma: +37/-0
    • View Profile
    • Bu Valiere
Re: Live chat
« Reply #2024 on: April 22, 2015, 08:29:00 pm »
This is so annoying, 10th consecutive night without electricity. 20:00 to 22:30. Should have stayed in London, why oh why did I return?