The badly researched report on Capitec by Viceroy has left the share trading at a significant discount. Following its immensely successful criticism of Steinhof, Viceroy’s report on Capitec was underwhelming, to say the least. Capitec’s CEO and many analysts have come out in strong support of the share – saying there is nothing wrong with […]
Author: PDSNET Progress data services
PDSNET (Progress data services) specialises is the development and sale of local as well as internationally acclaimed share trading software and educational programmes.
Over the last 30 years, we have become the largest local provider of end of day stock market data, providing data of all equities quoted on the JSE (Johannesburg Stock Exchange), Futures, Unit Trusts, Currencies and Commodities as well as many of the major International Indices.
The Wall Street Correction
The correction which is taking place on Wall Street has now reached 10% – and it may go further. The JSE Overall index is down and will fall further to bring it into line with Wall Street. Other world markets are following suit. For the private investor, the key consideration is whether this is the […]
Viceroy and Capitec
The second Viceroy report on Capitec Bank may be a miscalculation. It is difficult to tell. On the face of it, there is nothing wrong with Capitec. It is extremely well-managed, strongly capitalised and has its parent company, PSG, and the South African Reserve Bank to support it. But can you be certain? The extraordinary […]
The Bigger Fool
On 18th December last year, we wrote an article about the acceleration of the S&P500 index called “The 3rd Acceleration”. In that article, we drew attention to the remarkable acceleration of the S&P500 index since the beginning of 2017 and especially since September 2017. We identified three trendlines, each one steeper than the previous one. […]
The Rand and Ramaphosa
In our previous article on Steinhof and EOH, we discussed the fact that private investors seldom have enough information to make investment decisions when events move quickly in the share market – as they did with Steinhof and EOH. We suggested that the answer to this dilemma was to watch the charts because those people […]
Why Technical Analysis is Vital
Investors (even institutional fund managers) usually do not have access to sufficient fundamental information to make well-informed decisions, especially when events move quickly in the stock market. For example, when a solid heavy-weight institutional share, like Steinhof or EOH, suddenly off-loads a significant percentage of its market capitalisation. In both these cases, disturbing news emerged […]
2018 Will Be Better
The year just past was full of uncertainties – an extremely difficult year for private investors to assess. In the background were the general recovery of the world economy and its impact on our commodity prices. In the foreground was the looming ANC Elective Conference and the nail-biting uncertainties of South African politics. The ANC […]
The 3rd Acceleration
The upward trend on the S&P has accelerated even further. This third acceleration is well illustrated by the chart below: Here you can see the three accelerations in the upward trend. The first began in December 2016 and persisted until August this year. This 2nd acceleration lasted until the middle of November and then it […]
The Bitcoin Bubble
Over the past few years the emergence of cryptocurrencies, and particularly, Bitcoin has attracted much media comment and speculation. Your software includes a chart of the US dollar price of Bitcoin since 2010. It is like no other chart you have ever seen – mainly because it is not a share or even a derivative. […]
S&P500 over 2600
The progress of the S&P500 index has been remarkable. On Friday, during the short Thanksgiving Day trading session it closed above 2600 for the first time ever. Investors have been buoyed up by the strong gains in corporate profits over the past few quarters and anticipate further good results in 2018. Consider the chart: This […]