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Am happy to listen to any views people have on this share or any share I have in any company
I like hearing well-thought and reasoned bullish and bearish opinions.
It must be said, however, that we have gone from a couple of months of zero activity on this page to opinion after opinion hour by hour, quite often based on no news, no technical analysis or anything.
And I don't wish to get personal here, so I wont mention any particular posters. But it must be said:
If you say a stock is the best thing since sliced bread day after day after day, and then you sell that stock, although it is your right to do whatever you want with the stock, you can't be surprised if your credibility with other people plummets.
The action doesn't match the words.
My take, the coal price is AGAIN up. The gas situation worldwide is a crunch and will underpin coal demand for fuel for the rest of this winter
That is the situation the company is in.
If you have worries about this stock, fine. But if you are worried about Thungela, I would be more worried about the shares of companies that have to PAY these high energy costs. I sense a recession coming but the fuel is still massively in demand.
I have picked up some more today and it is easier to get volume in when it falls. You cant get any size when it is going up.
Tedmark
I dont recall anybody, certainly not myself, saying that the fundamentals are poor here? or that any decline in the daily shareprice was terminal in any way.
The conversation was around the daily ups and downs and trading such occurances. And quite clearly that was the most sensible thing to do after the recent falls, making quite a reasonable % gain, allowing new entrants a cheaper price, or indeed the oppo to average down or rebuy back cheaper and increase a stake..
It got 'messy' simple because one ramper decided to critisise somebody for not just blindly holding on as he had done, almost as if any traders havent got the right to chose their own choices. Indeed 'traders' per se were also critisised.
Unbeleivable another who had done exactly the same 'trading' joined in defending the ramper, his math however was more than dubious and shown as incorrect.
Like you, am more than happy to read contrarian views, but they really need to have substance and evidence to back them up, and of course be factually correct when rubbishing others calculations, and neither childish in tone.
Of course what also should be paramount in ANY investor/traders mind is the chaining market situation. It is of course a fact that this changed this last few days with the SA sell off, the news on the chinese building giants troubles, Fed etc etc. Nothing is static, and it is a total fool who isnt able to revisit his view objectively given changes in the base information.
Just to be 101% clear, i personally view this business as investable, but after Fridays plunge took good profits, which is the main object. Whether those profits are reinvested, for trading or as a long term hold, will depend on all the information availible to me at the time i make my own choice.
Am pleased coal is up, and you added to your holding, cheaper of course, but the right move on the day was to sell.
Changing not chaining (obviously)
Anyway, this topic is getting boring and done to death now, so thats all from me, i've more than made my point.
GLA
tedmak
I am perfectly happy to lose credibility here, as I am not seeking credibility to ramp-up shares for my own gain.
In the same way I am not expecting people to believe of follow my opinions either way, ramping or de-ramping.
Would not like for a minute to have responsibilities of other people decision on investing what so ever.
Nevertheless I reserve my right to express my opinions and to change them when I see fit.
Regarding not providing, technical, facts or news, I think since ever posting on here I have been doing the opposite. But quite right, Sir Daytradenovice, this is getting nowhere and frankly quite useless.
All I can say is today with Tga I would have been down little more than 10k and likely tomorrow the same. Don't mind losing credibility.
Now 95% in cash.
Novice,
I take great exception to your statement:
"Unbeleivable another who had done exactly the same 'trading' joined in defending the ramper, his math however was more than dubious and shown as incorrect."
Comparing a lth with a trader there is no way you could make an extra 16% with a sell and a buy. The lth makes 8% you make 16%. That is a difference of 8%. You have NOT gained 16% over a lth. You just think like a trader.
It is quite obvious you and your mates here want to try and talk this down, probably in line with your current spreadbet short position. In fact I doubt if any of you actually held this share at any stage.
Lucky said he got out at break even! He was investing at £2.50 up, so that in itself shows his statements as dubious. Unless he had an undeclared short at some time that went wrong.
Anyway, fundamentals look strong here, at just $100 / ton the yield here would be around 15% at these prices, and the company is probably holding at least half its current MCAP in cash right now.
Anyway, apart from that you have both posted useful information, although you are not the reason I'm invested here
Just arrived home from work to read all the noise on here. Like LuckyLuciano, Daytradenovice and a few others on here, I sold all my holdings in Thungela on Friday around 330 -335 simply because of the selling of SA fund and the down days on the US stock market. It was just my personal choice. I bought 50% back in at 301.8 and will try to buy the other 50% back around or below 300p. I believe it is anyones choice to buy and sell as they see fit.
Sometimes we get it wrong and buy back in at a higher price than we sold for.
There are lots of good people on here and their opinion is something I read every day.
I had 75% of my holding in Thungela before I sold, that is how confident I am of this share, both short term and long term.
The opportunity came along where I thought the markets and this share may go down as I stated in my previous posts.
So I sold and luckily it was the right thing to do this time.
I wouldn't be so hard on LuckyLuciano or anyone else as they is trying to do the right thing like we all are.
I have been in this share for a few months and bought in the 190s and kept topping up all the way.
I too, have been in shares from my 20s and now 54 and bought a lot of terrible shares, last one was Hurricane Energy which took me to the cleaners, but I am still here happy and smiling.
There are some great people on here so let's try to keep it friendly.
My math is correct as i posted it Rylidan. Others seem to agree.
And i have never shorted - i actually dont believe in betting on the failure of any business.
99% of the time i am a lth, with the odd obvious trade thrown in, like Fridays winner.
and i certainly dont want to influence anybodys investment/trade position, i just say what i see and call out nonsense when it clear, everybody makes their own choices and decisions.
I repeat my previous statements, the fundamentals are good here, but the best Friday move was clearly to sell (and buy back cheaper if you wanted to reinvest). I just dont see how that can be argued any other way?
Sorry
Enough is enough - I did this and I did that all I hear Is your only little trumpets
Kenny G
you are of course exactly right with your post, its explanations and its sentiment, as well as your sell/buyback trade.
Well done for getting back in at a lower price, clearly a few of us thought the same thoughts re risks on that day and acted on the new information availible.
I chose to wait and see how the next day or two pans out before reconsidering a purchase, time will tell if that was the right option but thats the name of the game.
Im sorry Lucky your 'post of the day' award has been reallocated to Kenny, im sure you dont mind though buddy,
GLA (investers and/or traders)