After todays trading, all bets are off until the situation becomes clearer. There should be plenty of relative value trading opportunities but I am not sure where I should set the ratios. Usually in this situation the gap narrows but todays quotes do not reflect this. Tomorrow may be different. I was out of touch most of the day and luckily cancelled all my buy orders before opening or I would have come home to some disappointing buys.
The opportunity should be there. There are advantages in a falling market. The tax problem becomes an asset as trades can be made with a net loss in dollar terms but an increase in overall holdings. Also in dollar terms is that the capital outlay is less.
Every cloud has a silver lining. The problem is that flying in a cloud means you are flying blind.
Relative value between TAS and EDE, page-71
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 (20min delay)
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $4.026M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $1.051K | 262.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 221958 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 4785706 | 4 |
View Market Depth
| Last trade - 15.55pm 15/11/2024 (20 minute delay) ? |
| TAS (ASX) Chart |