Thungela Resources: Volatility Equals Opportunity. As mentioned on Thursday evening: "Tomorrow we may see a slight overshoot on the upside before the share retraces (short term view)." Further Update. On Friday, we saw the share trading higher (intraday high of 31604c) before retracing to close the week at 29844c (a -1760c or -5.5% intraday reversal from high to low). While the short term movements in share prices may appear random, there are money-making opportunities for those are come prepared and are willing to adapt and adjust in real-time. My belief is as follows: The best thing to do is 'have a plan' while the worst thing to do is to stick to that plan 'no matter what'. You may ask, why is sticking to your plan 'the worst thing'? The key words there are 'no matter what'. Because, no-one knows what is going to happen. When the company or macro news-flow changes, you have to change! When the price action changes, you have to change! To re-iterate, have a bullish plan, have a bearish plan, but be willing to adjust in real-time. All the best for the week ahead.
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