RobbyP
Long

Crazy Sasol trade

JSE:SOL   SASOL LIMITED
Call me crazy, but today's Sasol shocker provides an excellent trading opportunity. Today's "flash crash" has taken the price back down to a monster support level and I really think this is one for the punters. If fortune truly does favor the brave, then I should be just fine. I have bought this support level for a bounce back above R400.00 and I wouldn't be surprised if we saw R420.00 in the coming weeks. Given the information we have on the additional $1 Billion over-spend on the project, I think this morning's move is a MASSIVE over-reaction and many many forced sellers got hurt. Be brave and get back in
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