JSE Stock Picks: JSE STOCK PICKS

Sunday, September 12, 2010

JSE STOCK PICKS

This week we look to short sell SHP ( shoprite ). Fundamentally SHP will be ex dividend & should start to track back. Technically SHP is way oversold & looking very expensive with a PE over 20 & all the indicators in an oversold position.
Best entry: R95.00
Stop Loss: R100.00
1st Target: R88.00

2nd Target R80.00

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This information is not a solicitation or recommendation. Although this material is based upon sources that I consider reliable, I have not verified this information and it does not represent that this material is accurate, current or complete and it should not be relied upon as such. The fact that I have provided this information does not constitute an endorsement, authorisation, sponsorship, or affiliation by me with respect to the information, its owner or provider. This information has been provided for informational purposes only without regard to a particular user's investment objectives, financial situation, or means, and I am not soliciting any action based upon it. This material is not to be construed as a recommendation; or an offer to buy or sell; of the solicitation of an offer to buy or sell any security, financial product, or instrument: or to participate in any particular trading strategy in any jurisdiction in which such an offer or solicitation, or trading strategy would be illegal. Certain transactions give rise to substantial risk and are not suitable for all investors.

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Sunday, September 12, 2010

JSE STOCK PICKS

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