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.
TAS has been doing OK this week. General trend is to get a...
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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 - 10.09am 06/11/2024 (20 minute delay) ? |
| TAS (ASX) Chart |
Day chart unavailable