Market Wrap - Stock Pick — rand
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Viv Govender from Rand Swiss Offshore says he is taking his profits from his rand trade
"I'm not investing but taking profits in my rand trade, the last time I was on the show I mentioned it was around R15,20 to the dollar and I said to go long on the rand which is now at around R14,60 so you would have made some money so get out, I'm not saying it's going to go weaker from here, I'm just saying I'm as certain that it is going to get stronger from here - as it was before."
"I'm not investing but taking profits in my rand trade, the last time I was on the show I mentioned it was around R15,20 to the dollar and I said to go long on the rand which is now at around R14,60 so you would have made some money so get out, I'm not saying it's going to go weaker from here, I'm just saying I'm as certain that it is going to get stronger from here - as it was before."
