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Podcast: WorldWide Markets with Simon Brown
Episode: JSE Direct 201: Where to park cash?
Description: Simon Shares
Grindrod (JSE code: GND) just hit multi-year lows trading just above 900c with a net asset value (NAV) of over 2200c. Don't fight the trend, especially on cyclical stocks.
RBA (JSE code: RBA) went bust on Tuesday. Of the three; RBA, Seakay and Calgro M3 (JSE code: CGR) only Calgro M3 remains. Lesson is simple. Go back five years, Calgro M3 was by far the best of the three, always buy the winners.
Volatility, lots of it. Welcome to bear markets, they move fast and trading them is tough, very tough.
Eugene Chemaly - Afrifocus...