Another bit of technical analysis from the guys at Standard Bank on another share that receieves much publicity on this blog. Sasol (SOL).
They reckon the short term outlook is very bearish. They say a sideways patterns has been formed and SOL may retrace to the 21 650 cps support level. They say it could also [...]
Archive for the ‘Sasol’ Category
Sasol Technical Analysis
Posted in Sasol, tagged Sasol, sol, standard bank, technical analysis, bearish, bullish on November 5, 2008 | 4 Comments »
Kass the pessimist
Posted in Gold Reef Resorts, MTN, Naspers, Opinions, Sasol, tagged Sasol, stocks, Gold Reef Resorts, money, warren buffett, doug kass, berkshire, south africa, blue chip, MTN, Naspers, sol, gdf, npn on October 27, 2008 | 2 Comments »
Warren Buffett’s high-profile call to buy U.S. stocks may have its skeptics, but the often-pessimistic Doug Kass isn’t among them.
(Earlier this year, Kass generated some headlines by publicly betting that Berkshire Hathaway’s stock would fall, citing Buffett’s “investment-style drift” and “bombs” among Berkshire’s stock holdings. In March, he listed 11 Reasons to Short Berkshire. The stock [...]
Interesting oil hedge
Posted in Comair, Grindrod, Sasol, tagged Sasol, oil price, recession, hedge, Grindrod, Comair on October 21, 2008 | 6 Comments »
If you are like me and have a big position in Sasol (SOL) then you are most likely hurting from the sharp drop in oil prices. Now as a citizen I hope that oil stays low especially if we are heading for a recession. As an investor in Sasol, I hope the oil price settles [...]
New valuation on Sasol
Posted in Sasol, tagged Sasol, share on October 7, 2008 | Leave a Comment »
Very interesting what’s happening to the Sasol (SOL) shareprice at the moment. In a post a couple of days ago I said my target price is R560, which I now lower to R500. Due to the sharp drop in the share price over the last few days it still represents a 59% upside over 18 [...]