TAS has been doing OK this week. General trend is to get a better relative value. This means it is time to review the ratios for a trade. After a lot of thought and calculation I have decided that the current range 1.2 to 1 and 1.3 to 1 will stay for me at the moment.
While TAS is below 1.2 I will still favour EDE but over 1.3 I will favour TAS. I may not do many trades for now but would rather stay where I am, heavy in EDE and light with TAS.
A deciding factor is market cap and liquidity. TAS has no chance of getting into the ASX 300 while with EDE it is only a matter of time with the ASX 200 a reasonable possibility. This alone will make EDE more attractive to many investors.
I'm often wrong so follow me at your own risk.
Relative value review.
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 (20min delay)
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.220M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 11429582 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 4043643 | 3 |
View Market Depth
| Last trade - 16.12pm 06/11/2024 (20 minute delay) ? |
| TAS (ASX) Chart |
Day chart unavailable