I have been trading the relative values of LYC, Lynas, and DRE. I chose them based on the way I saw LYC years ago and have held LYC on and off for some time. I see DRE is in the early stages of rare earth prospecting.
I started off with a ratio of 150 to 1. It is now around 400 to 1. I no longer use ratios but I trade on the basis swing. If one goes up and the other goes down I do two swap trades. I aim to buy back 10% more on the back-and-forth trades. It is still working. I'm not achieving the 10% but am averaging around 4.5% after brokerage.
I'm open to suggestions as to another two shares that may also fit into this type of trading. I'm trying to find a "companion" for SYA ? One advantage is that it matters zilch whether or not the overall market is rising or falling.
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I have been trading the relative values of LYC, Lynas, and DRE....
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Last
0.2¢ |
Change
0.001(50.0%) |
Mkt cap ! $6.162M |
Open | High | Low | Value | Volume |
0.1¢ | 0.2¢ | 0.1¢ | $791 | 636.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
62 | 200309392 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 27561805 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
57 | 198271725 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 26999305 | 19 |
0.003 | 44835310 | 25 |
0.004 | 5341034 | 5 |
0.005 | 4103040 | 2 |
0.006 | 1500000 | 1 |
Last trade - 10.02am 23/08/2024 (20 minute delay) ? |
EDE (ASX) Chart |
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SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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