The underlying shares have performed mostly as we thought they might for the first part of the month.
First today I should like to deal with the INDEX KNOCK OUT WARRANT.
The regression line is pointing upwards and the moving averages points to a steady increase in price.Sure there wil be some reverses as happened Friday and Monday this week. In fact I was knocked out of half my TOPSKC and the stop-loss for the other half was just ONE CENT above TRIGGER.
NOT FOR A MOMENT WOULD I THOUGHT OF TAKING THE PUT.I was amazed to see how many people took the PUT .Yesterday there were if I remember correctly about 46 traders trying to exit.IT'S NOT THAT I'M NOSEY,but i do wonder how many traders made a profit on that little exercise.I feel that conditions are not right for shorting now.
As far as the Stochastics go ACL,AGL,AMS,EXX,KIO range in the 80% plus area where they with a few variations they stay,while the prices push ever upwards.So in that case I would say hold and wait for a couple of other indicators to show the prices are coming off generally. BIL and IMP are laggards and might turn up as they are hovering on the half way mark now.Looking as if into a recovery are all the banking shares as they look as if they will continue off their lows. The same goes for SAB.The only two that might start a run of their own are SAP and MTN.As always ,only my opinion.Never trade with out doing your own research.
