- Bitcoin* hits US$48,000 as Tesla declares they put US$1.5billion into the crypto.
- Platinum finally on the move and above US$1,200 for the first time since 2015.
- Sibanye Stillwater* (JSE code: SSW) best illustrates the boom in mining profits. In 2019 they made R62million now 2020 they expect almost R30billion and over 1000c HEPS. Could we see a 500c dividend?
- Metrofile* (JSE code: MFL) very solid update and the stock has recovered from their 2019 wobble. There are still two potential buyers, one stuck in Australia, truthfully, I would rather they remain potential and I will hold the stock.
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Should I sell the bounce?
Depends why you bought the stock.
- A long-term An asset or item that is purchased with the hope that it will generate income or appreciate in the future. In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. In finance, an investment is a monetary asset purchased with the idea that the asset More? No, then you keep it and focus on fundamentals rather than price.
- A quick trade to make a few bucks. Then absolutely sell the bounce, you won’t get the top price (well maybe you’ll get lucky) and as we saw with Telkom (JSE code: TKG) the bounce just keeps on bouncing. So watch and wait and sell on weakness after the bounce That may be immediate or may take a few days or a week.
Waiting for the weakness is a skill you’ll learn, slowly over time.
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