Gday guys, is there any general tactics for trading a cr where the price is at a 25% discount? Since there's a rights issue, I'm guessing that there might be some buying pressure before the ex date then a dump. The company in question is one of our aforementioned bios, Ahz. 7 mill to instos and 9 mill rights issue at 33cents (info from afr article, Ann. Hasn't happened yet still in trading halt) Current share price .45. Had a quick search on the net and couldn't really find anything besides tactics for dealing with car salesman... Cheers
PS. I'm long on it, think the fa is very strong now. , just wanting to average down.
