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TheGladiator

8,709 Posts.

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06/09/16

09:20

Post #: 18951912
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Originally posted by ryankennedyio ↑

To be honest I never thought I'd be the kind to take these trades. I can't rule out luck, but when the herd mentality kicks in, it gets a bit easier to spot these mis-priced opportunities. I guess that's what we always look for; mis-priced assets in one way or another. These are mostly DT, not ST though.

SRF IMO should have been expecting that result, so the selling was overdone. VTG; ex-hubby of MD was awarded $16m of shares in family court and had been dumping them, so that was an obvious mis-pricing. EHE I'll concede to luck.

Wider than usual stops (as said, too tricky to pick the bottom, so a wider stop gives you some room), counter that with smaller than usual position sizes and they feel OK to me. A quick read on fundamentals too, to see the reason & ensure the administrators won't come knocking.

No harm practicing these trades when available if they suit your risk tolerance, just another tool in the belt.

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Nice work Ryan and @Sector Lead. If the strategy works then go for it

SL I remember once we were talking about RFN and I told you to avoid it. Was somewhere around 55c. Then next day jumped over 70c lol now under 10c somehow you managed to call the last rise in SP before it came crashing down
2 Upvote

0 Great analysis

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