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Should have waited for the correction to play out

A high-yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors.

This said. HYIP's remain popular with participants "investing" knowing that it is a Pyramid scheme. They are constantly on the look out for new HYIP's because the the earlier they can get in the better. The trick is to find new ones asap and get out asap. Making a quick return before it goes bust. Then look for another new one.

These "investors" make big bucks and even have a forum to chat about HYIP's and give tips on any new ones available. Getting in too late
will will make you vulnerable to a loss.

These professional HYIP investors make a living off these. A 100% in 3 months is not to be scoffed at.
Not for me though. 

Discussion on channel 410 yesterday. Coronation makes money on performance fees mostly from the retail sector and charged once per year. This fee was was paid to them last month so no matter how the stocks do from now until September 2014, the fees are in their books.
As stocks did well last year, the profits will be great and this will reflect in their report in September. Almost like profits in Arrears.
The analysts only concern seemed to be Managers Performance Bonuses that could erase many millions off the profits. This is not "gravy train" or self enrichment. The large performance bonuses has to be Large for them to keep their fund managers and to keep the company the best Fund Managers in SA.

My view is that 2 years ago, they paid these heavy bonuses out of their profits and the share price plunged. That was the first correction CML had. May/June 2012.
Last year they paid these bonuses from a trust fund that held CML shares and it did not affect the profits at all. Hopefully they have done the same again.   


 
 

Do we know why OCE is so volatile today?

The sea is choppy. 
Thin volumes?

17.30 and the prices haven't updated.

NPN made a mistake and has to go down to yesterday's high at 109500.

COH seems to be forming a morning star. The third candle shows that the bears were still in control. The second candle shows that the bears petered out and the bulls started regaining causing that long tail that interestingly also closed that gap left behind in the first week of Dec. If todays candle stays green and near the middle of the third candle body then it is in a confirmed bullish reversal.
Market allowing, she will go up but with the correction imminent, she may drop in sympathy.