South32 Share Discussion Threads

[arja] 14/9/2016 14:26

thanks for that catsick and i overlooked that as too busy watching the charts . made a big blue by not re-entering in OZ last night after selling at 219 ! Hope I can get in at opening auction tonight if I manage to stay awake - exceptional times .

[catsick] 14/9/2016 11:42

Coking coal prices are exploding for imports to china, they are up to 200 usd a ton from well below 100 earlier in the year, with 10million tonnes planned for this year this is going to have a huge impact on s32 profits ....

[arja] 13/9/2016 13:13

what is going on today as S32 finished at about 120.4p equiv in OZ . Maybe some news or has low volume UK suddenly become lead market . should retreat from this 24.75 level this afternoon but who knows for sure in markets . I bought in OZ near the close and hoping the retreat does not happen !!

[arja] 11/9/2016 11:41

yes aussie price and
about 136p equivalent in Uk but of course it depends on exchange rate at the time. will do well not to retreat on monday with the US market tanking - maybe profit taking to the 210 chart support level at worst but let's hope not.

[smicker] 09/9/2016 22:02

ok thanks.

[scorpione] 09/9/2016 11:50

he is referring to Australian currency

[smicker] 09/9/2016 11:38

arja,
Where did you get the 240p figure from?

[arja] 09/9/2016 10:56

bigtime - still more in it and OZ is lead market although UK tries to antipicate what OZ will do next day , eg yesterday when S32 here cloised at about 6 cents above close . OZ powered ahead all night and closed at about 126.6 p . But hit 128.75 here and now retreating a little . The OZ chart is lovely looking and price seems to be heading for the 240 level where it started life . well done with your investment and BHR policy is not a bad one .

[big7ime] 09/9/2016 08:10

Amazing, a few months ago we were in the 40s, I was almost 50% down but it's turned out to be a good investment at 83p.
Taken a few off the table now as i cannot bear to see it reverse again.

[arja] 26/8/2016 14:40

mixed result really and price action In OZ ( lead market for this stock ) shows that.Still a decent day trade on some days .

[catsick] 26/8/2016 14:12

No comments on the results ? looks like a bit of a kitchen sinking exercise to me, write down as much as possible to reduce future amortization and get rid of any future hits, net net debt free now and generating a lot of cash , pretty healthy for such a big headline loss ...getting very aggressive with cutting the corp overhead, was down at in Perth earlier in the year and the mood there seemed a bit shell shocked, will be interesting to go back next year and see how things are, making some nice profits here now ...

[arja] 08/8/2016 16:25

S32 in UK forecasting another up day in oz on tuesday albeot only by 2 cents ? Could well be right as resource stocks up again today !

[arja] 04/8/2016 21:23

S32 hit 201 in OZ but then closed only 1.5 up . Almost a one day reversal and will be interesting to see what happens on friday on OZ market .Stock still in an uptrend and hopefully another up day today .

[arja] 02/8/2016 06:47

depends on the stock as a spreadbet is useful if wanting to accumulate on dips during the day on an averaging up basis - but I normally prefer CFDs as added advantage under DMA and level 2 of using the opening and closing auctions which can pay off handsomely. Traded since about 2002 I think as these derivative products have not been around for many years .
As I said , there is more than one way of making money on regular basis and do what suits you best assuming it gives good results . The poster who accused me of being a gambler is quite infantile as the biggest gamble is holding a stock for years or even overnight as , if dow plunged , most shares will get hit the following day . Luckily for them the DOW is near record high and no sign yet of mini crash

[darias] 02/8/2016 06:33

And how long have you been trading?

[darias] 02/8/2016 06:32

I assume you do it through cfd. Can you cofirm?

[arja] 01/8/2016 22:23

the secret to success is obeying the OAAT rule although occasionally I lose discipline and trade 2 at same time if one is slower moving . i do not understsnd your question as of course I look for an opportunity and have traded many stocks over the years but usually OAAT as I said .Often a good stock to trade is one at an all time high if going long but after an intra- day dip.Today I bought BT when it was oversold and closed out just before the close .

[darias] 01/8/2016 16:19

If you are using charts how many stocks do you trade each day. I do not want to know how many positions you take but the number of stocks that you take a position in.

[arja] 01/8/2016 16:08

nonsense and maybe it is you who is the idiot . There is more that one way of making money and you will be blissfully unaware of charts and ignorant in that field as it is far from gambling . Fo some years I have used chartys and CFDs to trade shares ( a trade can last more than ONE day for your information ) and make quite a bit of money . The risk to capital occurs when peoople like you hang on to a stock and rarely cut losses - a trader will not make this mistake . I only pointed out to you that OZ was lead market for this stock which I doubt you were aware of !

[catsick] 30/7/2016 16:27

Arja you are an idiot, punting around with cfd is a fast way to lose all your capital, s32 has proved a very easy way to make money as down around 50p it was clearly priced as cheap as chips while the zero gearing gives the company a huge margin of safety which makes it pretty unique in the commodity space, this has given an easy 100 pct return in a short space of time, messing around with cfd paying away spreads and financing charges gives you a negative profit expectation from the outset closing positions at the end of the day means you are gambling rather than investing, I prefer a 5 year holding period on average, hope you enjoy frittering away your small amount of capital ......

[arja] 29/7/2016 18:38

very difficult to make money trading this stock as need to be sure what will happen to the stock on the lead market , OZ , if taking overnight ! If not , it becomes just a gamble which is not smart .

[arja] 17/7/2016 19:08

anley - CFDs is the way to go if you are in this game to make money - holding overnight is always risky unless it is just a small core holding

[clinton baptiste] 12/7/2016 08:12

Hmm, I could have timed that better...

[arja] 08/7/2016 22:58

harvester - you got your £1 today but more in this one I suspect. OZ is lead market for this stock of course and the stromg DOW will mean a bouyant oz market on momday hopefully .

[clinton baptiste] 07/7/2016 12:42

I sold out yesterday. Market attention has been on Brexit, but at some stage focus will shift to the downwards trajectory of the yuan and the likely effect on commodity prices, imo