Australia's largest stock trading and investment forum Australia's #1 stock forum

Day Trading Arvo July 13, page-23

First 23 Last

Share
Profile

Follow
FXm

39,183 Posts.

585

13/07/23

13:41

Post #: 68769507
Share

Originally posted by cloudwalker: ↑

AllTooHard......

"just for factual sake, in lamens terms its a very bad investment lol You might as well just go burn $100 notes in your back yard for the afternoon, unless of course you think the share price will actually reach 8+ cents Certainly doesnt make them a day trade."

Just for clarity sake you're not buying them because you think ME1 is going to 8c today. Tou're buying them for the "possibility" that ME1 "could" go to 8c by January 2027 (Expiry date). So there's a fair bit of looseness, leeway there.

If you want to point out something truly crazy...look at ME1O. Exercise price 25c and Expiry date Nov 2024. They already have buyers at .2c and have actually hit .3c ! So, it shows there is no reason that ME1OD can't go to .2 or .3 of a cent and you can double or triple your money from a buy at .1

Now that's a trade.

Seems like sometimes the worst thing a daytrader can do is be too rational!

Expand

Very well said.
1 Upvote

Reply

Top Stories

SKS

SKS secures $20M for extension works on Melbourne data centre

EBR

EBR Systems' heart pacing device on-target to reach the US market

GDP grows 0.2% in June quarter, but annual growth the slowest since the 1990s

BOE

Boss Energy ramps up as industrial-scale plant build continues; FY25 guidance of 850Klb intact

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

There are more pages in this discussion • 122 more messages in this thread...

First 23 Last