The fundamentals for these kind of stocks are very promising with the healthy economic growth prospects.
More Quotes from Ferdi Heyneke:
The JSE was lower today on profit taking and the pull back in markets overseas, especially the East. There is no change in the fundamentals.Ferdi Heyneke
We had a dip initially but those are not that much of a concern, we'll see some volatility and profit-taking but I think the trend is still rising.
Ferdi Heyneke
Gold has pulled back from its recent spike to around 505 an ounce while the rand has strengthened to 6.34 against the US dollar.
Ferdi Heyneke
The JSE is strong again, but it will stay volatile for the foreseeable future. The Dow was steady overnight, while the gold price moved back to 530oz. The market should pick up from next week as more people are at their desks.
Ferdi Heyneke
I think it got ahead of itself especially gold and platinum stocks and profit taking was not unexpected.
Ferdi Heyneke
The market's volatility has been huge and we've become oversold so the market was poised for a rally and needed some news and some trigger.
Ferdi Heyneke
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