Its just a damn pity that the US Dollar keeps seeing its ass and falling through the floor! It is acting as a serious handbrake to my long Sasol trade. Interestingly the SOLSBG warrant has continued to track up even if the Sasol share price has been moving sideways.
I had been gradually building up a long in platinum and have added to that position yesterday as the price has firmed above $1355. I suspect positive sentiment will be with the markets and industrial metals this week - trend is your friend and all of that.
On the small cap front
Did anybody see that new power board put in place at African Dawn?!
Christo Weise and Robert Emslie as non-execs. This surely has to be worth a punt if these guys are throwing their weight behind it.
Director dealings
It is interesting to see that directors are starting to sell into this market - is it the guys cashing for an early Christmas?!
Just yesterday:
- Topping over at Steinhoff sold R11m worth of shares
- Mokoena at Eqstra sold R240k
- Lazarus at Blue Label sold R309k
- Curle at Altech cashed in some of his options and sold R1.38m worth of shares
- Matlakala at Metropolitan sold out R2.5m
- Van Deventer at Shoprite settled options and cashed out R7.9m
Posts
4 comments:
This market is so overbought that i am not surprise when this people sell.
Probably more to come.
Nedbank have stuck in those non-exec directors to see what can be salavaged at African Dawn.
Yip - will be interesting to see if it is just an exit strategy or perhaps whether Emslie is about to re-surface with Nedbank...
It is hard to work out whether it is overbought or whether the psychology of going through 10000 is going to spur people onwards and upwards...
Post a Comment