- Joined
- 12 January 2008
- Posts
- 7,191
- Reactions
- 17,805
grah33: re capital raisings (share purchase plans): In the trading halt I remove any sell orders that are in the market, read the notice and do a back of envelope calculation as to the theoretical share price after the dilution at the new price. If this new price is below my TS then I get out asap. If this price is above my TS then I wait until the end of the notice day. The unknown is the reaction to the news by the large investors. If they love it and think management will do something positive with the money they'll hold on and buy more. If they don't like it they'll sell. So far today the price remains above our TS and the selling has been soaked up by buyers.
AMA: We bought this at 0.60. TS raised to 0.59 and is in the market. If it trades at 0.59, we will sell for a small loss.
xr06t: Welcome, thanks for the compliment in your first ASF post. This thread may end but I think there's going to be a sequel. Hope you post again soon. tech/a has done a good job of replying to your question. If you really want to get into trading then you need the tools. Amibroker is the most economical scanning software that I know. The data is an additional monthly cost. There may be some free online ASX scanners around. I can't help you there. If you find one then a quick way to find charts worth looking at and keeping an eye on are those charts with huge increases in daily volume. They are the stocks in play and worth looking at.
AMA: We bought this at 0.60. TS raised to 0.59 and is in the market. If it trades at 0.59, we will sell for a small loss.
xr06t: Welcome, thanks for the compliment in your first ASF post. This thread may end but I think there's going to be a sequel. Hope you post again soon. tech/a has done a good job of replying to your question. If you really want to get into trading then you need the tools. Amibroker is the most economical scanning software that I know. The data is an additional monthly cost. There may be some free online ASX scanners around. I can't help you there. If you find one then a quick way to find charts worth looking at and keeping an eye on are those charts with huge increases in daily volume. They are the stocks in play and worth looking at.