Share Forum - Discuss JSE shares and join the Investor Challenge

OCE stop acting like CML now. What is wrong with you?

NO no no. OCE will go down if you compare it to CML.
You must say, "OCE what is wrong with you. Look at CML and follow her. You looking at Sole fish on the bottom of the ocean. Go get the Snoek on the top now.

Sorry. That 50% was supposed to be 100%. Worked on my portfolio where CML has a 70%+ portion.

Fact remains that in my example, I loose 20%. In your example, you loose 13.33%.

Is OCE not ex today? If so then -9% is no big deal. It is a small cap and has low volumes. And ABBA? If you want to torture me then play ABBA. Geez man. They suck.

I have learned my lesson. If you sell, say R1M after a 50% gain and you are in the 40% tax bracket, you will pay an amount of R193 600 tax on your R500k gains after the R16k costs as it will be revenue.
Now as you probably do not have the extra cash on hand, you will withdraw the money from your cash account at your broker to pay SARS. This will leave you with R806 400 in your investment account. A loss of just under 20%.
If you expect the market will drop by more than 20%, then by all means, sell.

I will hold even though I know the VIX is high.
 
 

I normally don't give views because I don't have any but I give views that I read and listen to from financial analysts.
No crash expected. Ben's speech yesterday about the QE to "ease" off at year end or early next year if economics allow spooked investors. This will not last as they will very soon realize that the "easing off" will actually only happen when the economy starts to recover.

SENS last week. OCE has taken over Foodcorp.

Description of the primary business of Foodcorp Fishing Division
The Foodcorp Fishing Division is active in three sectors of the South African fishing
industry. The largest business is in the small pelagic sector and includes pilchard
and anchovy fishing rights, purse seine vessels, a canning and fishmeal processing
facility and the Glenryck trademark for canned pilchards (?the Glenryck Trademark?).
Hake deep sea trawl is the second largest business and comprises fishing rights, deep
sea trawlers and on-shore processing facilities. Specifically excluded from the
Transaction are the west coast rock lobster and hake long-line fishing rights of the
Foodcorp Fishing Division.

The Transaction would increase the Group?s South African fishing rights in pilchard
from an allocation of 14.3% of the Total Allowable Catch to 25.6%, in anchovy from
16.8% to 24.7% and in hake deep sea trawl from 4.0% to 8.8%.

Here we go.

Sorry Tgg. Forgot totally. Will do it tonight.