Absolutely agree. Trading FEX based on the movements in IO price is very risky as news could drop any minute in regards to a significant growth opportunity (which would be a catalyst for an SP rerate).
Also, the direct IO based valuation models that don't take into account the leveraged position have a error rate that gets bigger and bigger the higher the IO price goes. You never know when "the market" is going to recalibrate their models based on a more up-to-date view of the fundamentals. I can only imagine that when these models do get updated the price will snap back to its fair value like a rubber band.
So in my mind there are 2 major catalysts on the horizon to look forward to. Anyway, happy days.
ALL IMO DYOR.
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Last
36.0¢ |
Change
-0.035(8.86%) |
Mkt cap ! $250.0M |
Open | High | Low | Value | Volume |
39.5¢ | 40.0¢ | 36.0¢ | $1.798M | 4.802M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 208090 | 36.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.5¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 208090 | 0.360 |
7 | 433916 | 0.355 |
19 | 437146 | 0.350 |
4 | 326350 | 0.345 |
6 | 190192 | 0.340 |
Price($) | Vol. | No. |
---|---|---|
0.365 | 20000 | 1 |
0.370 | 79950 | 3 |
0.375 | 154850 | 3 |
0.380 | 68478 | 3 |
0.385 | 75000 | 2 |
Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
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