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  • 1 year ago
#282: Managing dreaded drawdowns

#282: Managing dreaded drawdowns

Simon Shares Local markets have been making new all time highs and right now the sellers look shell shocked and unable to exert any real downside pressure. Taste (JSE code: TAS) results were just a shocker and they need money fast, real fast. Pick 'n Pay (JSE code: PIK) results were uninspiring. Like for like sales after inflation went down as they continue to lose market share and operating margins remains very weak at 1.6%. Calgro M3* (JSE code: CGR) not bad is we strip out the funnies. Memorial parks coming along and Western Cape drought hurting a bit as is the weak economy. I reduced exposure at the the time of three finance ministers in 4 days in December 2015 and am not upping my exposure for now. Long4Life (JSE code: L4L) at 550c starts to get interesting and offers an important lesson - careful of chasing hype. Up coming events; FX – Wealth Creator or Poverty stamp The Traders Life: The tools High probability derivative trading Position your portfolio for 2018 * I hold