JSE Stock Picks

16 November 2010

We short trade HAR ( harmony gold ) at 8300. Target 7800 stop loss 8500. HAR produced poor results and are having to dig deeper to get product, costs are rising and we don't see it getting any better. Techs also show a short opportunity at these levels.

JSE Stock Picks

The markets have been very choppy & almost impossible to call lately but there are still a few good trades around. In the short term we short trade BAW at current levels with a target of 4500. stop loss 5300. For a longer term trade we look to buy long ART at 900 with a target of 1200 and stop loss at 800. ART have increased their earnings 1900% & produced good results in general for 2010. A small dividend of 4c is to be paid. We expect ART to move upwards and past 1200 in the next year.