RobbyP

A bet on PEP to close the gap...and more

Long
JSE:PPH   PEPKOR HOLDINGS LTD
After the Steinhoff bookbuild (for however many billion), the price gapped down to reflect the transaction but it also pushed the price down to a decent support level. One I never thought we'd see so soon. Looking at the subsequent price action, it does appear that R20.00 is holding as the "new" support. In this light I have bought some with the expectation that we close the technical gap, but I have a feeling we are in for much higher.
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