Simon Shares

• MTN (JSE code: MTN) continues to fall as the latest rumour says the fine will not be reduced but that it could be paid off in instalments. However MTN has as it there way not issued any SENS on this so the market remains blind with only rumours to speculate on. I consent to stay away and will continue to do so.
• Balwin, Stor-Age, Trellidor, M-FiTech (JSE codes: BWN, SSS, TRL & MFI). What’s the common link? All recent listings currently trading below listing price. Not a good sign for a listing boom.

Books

• Trading
  • Trading in the Zone – Mark Douglas (detailed review)
  • Trend Following – Michael Covel (detail review)
  • Reminiscences of a Stock Operator – Edwin Lefevre
• Investing
  • One up on Wall Street – Peter Lynch (detailed review)
  • Common Stocks and Uncommon Profits – Phil Fisher (detailed review)
  • Effective Investor – Franco Busetti
  • Intelligent Investor – Benjamin Graham

We Get Mail

• Vusi
  • What’s the difference between issued and authorised shares? I see it all the time with JSE stocks.
• Heather
  • Can I invest in America with the JSE? I want to buy Apple shares.
• Via Twitter
  • I don’t like MTN (moral thing) but I’d be fool to not buy it long-term Recovery insight?

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