This post is both for you and me. As I’ve been away for over 2 months I haven’t been able to follow the various companies movements besides for the ones on my watch list on my cellphone. So in terms of trading, I haven’t traded at all nor looked for trading ideas.
So, I turn to my best trading partner. Twitter.
One of the stocks I hold in my portfolio is Woolworths, so I have been watching with a smile. I’m a lucky guy who bought 20% of my holdings at the rights issue at around R54,00.
@StormTrading thinks theres a short term possible break for Woolies:
Personally, I have a long term position in Woolworths and think we will see R100 pretty soon, and from there, onwards and upwards. A thing to note is that they now get a lot of their earnings in Dollars, and compared to the Rand, Dollars will nicely plump up earnings.
My favourite trade of the day due to a combination of technicals and substance is to buy the German index. I view Germany the same way I view a Mercedes Benz car: powerful, reliable and safe. The German people are just that, and that’s why I back their economic recovery. If they are going to recover fully, they’re going to break all time highs, by a fair amount too.