PBL - Publishing & Broadcasting

DTM · 2 March 2005

Hi All

Just wondering if anyone else thinks that PBL may be ready to go back up in the near future.

I think that it'll drop a little bit more but will be going up soon. Does anyone have the fundamentals for this one? Why has it been dropping?

DTM · 3 March 2005

Re: PBL - Ready to go up?

PBL up 22 cents as we speak.

DTM · 3 March 2005

Re: PBL - Ready to go up?

PBL up 40 cents and should slow down soon. I bought call options when it was up by 20 cents. I'm wondering if Rozella's making a dividends play and forcing the price up.

DTM · 3 March 2005

Re: PBL - Ready to go up?

PBL up 47 cents today. Any one catch this rocket?

DTM · 4 March 2005

Re: PBL - Ready to go up?

PBL up 22 cents today and still looks like its still got lots of room to go up.

RichKid · 4 March 2005

Re: PBL - Ready to go up?

Looks like it's reversed, be careful though, may be reaching a cyclical high, watch for slowing momentum (see long term monthly chart).

DTM · 5 March 2005

Re: PBL - Ready to go up?

Just looking through the A's of optionable stocks, AMC and AWC look set to go up.

Tech A, is that a double bottom on AMC? Will look to buy call options on them both on Monday.

DTM · 7 March 2005

Re: PBL - Ready to go up?

PBL going through a retracement. Down 16 cents but will hold because I think it's momentum is still up.

As mentioned earlier, AWC and AMC are on their way back up again. Bought 30 contracts of the AWC $6 March call @ .11.

Looking throught the B's of optionable stocks, BLD and BSL looks set to go up. BSL actually looks a very strong mover.

RichKid · 7 March 2005

Re: PBL - Ready to go up?

DTM said:
Looking throught the B's of optionable stocks, BLD and BSL looks set to go up. BSL actually looks a very strong mover.

I've been following BSL recently, not in it atm since I'm not sure of the direction. It's gone ex-div but some people will hold due to the 45 day rule, capital buy back still happening. Current formation was looking a bit toppish to me, might just be consolidation though, I expect an annct re price rise/surcharges for products before long. BSL may revert to a lower trajectory, which is why I'm not sure of BSL so far. Have to admit it really moves when it gets going. Will post a chart soon in the BSL thread: https://www.aussiestockforums.com/forums/showthread.php?p=8284#post8284 I'll probably enter via warrants.

DTM · 8 March 2005

Re: PBL - Ready to go up?

DTM said:
PBL going through a retracement. Down 16 cents but will hold because I think it's momentum is still up.

As mentioned earlier, AWC and AMC are on their way back up again. Bought 30 contracts of the AWC $6 March call @ .11.

Looking throught the B's of optionable stocks, BLD and BSL looks set to go up. BSL actually looks a very strong mover.

AWC up 16 cents today. Could be the turning point.

DTM · 8 March 2005

Re: PBL - Ready to go up?

PBL still going through a slight retracement.

AWC up 20 cents @ $6.18 today so I sold 10 contracts of the March $6 calls for .225, 100% profit. I won't count this as profit as I will use it to take 70% of my risk out of the market.

RichKid · 8 March 2005

Re: PBL - Ready to go up?

DTM said:
PBL still going through a slight retracement.

AWC up 20 cents @ $6.18 today so I sold 10 contracts of the March $6 calls for .225, 100% profit. I won't count this as profit as I will use it to take 70% of my risk out of the market.

DTM, excuse my ignorance but what do you mean by that last sentence? I don't trade options so excuse the silly q.
(congrats on the profitable trade!)

DTM · 8 March 2005

Re: PBL - Ready to go up?

RichKid said:
DTM, excuse my ignorance but what do you mean by that last sentence? I don't trade options so excuse the silly q.
(congrats on the profitable trade!)

No problems Rich. Basically when I bought the calls yesterday, I bought them @ .11 X 30 (contracts) X 1000 = $3,300. Today, I sold 10 contracts @ .225 = $2,250 which is approximately 70% of the money (risk) I invested yesterday. So instead of counting it as profit, I've taken back 70% of my risk and left 20 contracts in there to run for profit. Ideally I would have preferred to get back 100% of my risk but I don't think tha AWC will get past $6.18 today. If AWC blows up on me, worst case scenario would be that I lose $1,050. If AWC moves up at least 50 cents by the end of March, my call option's value becomes $10,000. I suppose that's the risk reward ratio.

Hope this helps.

RichKid · 8 March 2005

Re: PBL - Ready to go up?

DTM said:
No problems Rich. Basically when I bought the calls yesterday, I bought them @ .11 X 30 (contracts) X 1000 = $3,300. Today, I sold 10 contracts @ .225 = $2,250 which is approximately 70% of the money (risk) I invested yesterday. So instead of counting it as profit, I've taken back 70% of my risk and left 20 contracts in there to run for profit. Ideally I would have preferred to get back 100% of my risk but I don't think tha AWC will get past $6.18 today. If AWC blows up on me, worst case scenario would be that I lose $1,050. If AWC moves up at least 50 cents by the end of March, my call option's value becomes $10,000. I suppose that's the risk reward ratio.

Hope this helps.

Thanks DTM, that makes sense now, I try to get my capital out at the first opportunity too, still finetuning the strategy though. I trade bluechips via warrants but never realised I was missing out on so much leverage by avoiding options! Do you find there's a big difference between the options and warrants in terms of leverage generally? I assume you look at all possible instruments.

DTM · 8 March 2005

Re: PBL - Ready to go up?

RichKid said:
Thanks DTM, that makes sense now, I try to get my capital out at the first opportunity too, still finetuning the strategy though. I trade bluechips via warrants but never realised I was missing out on so much leverage by avoiding options! Do you find there's a big difference between the options and warrants in terms of leverage generally? I assume you look at all possible instruments.

I started with options so am very comfortable with them. I took a look at warrants but I think the rewards are better with options although I can't remember what warrants do again. Optiosn gives a lot of leaverage without the hang up of margin. If you can roughly guess where the price is moving to, you'd be able to make good money. You just have to get it right. Also, easy to make money in a bull market, easier still in a bear market.

The downside is that there's not many optionable stocks like the US although I have found that you can make more money in the Australian market.

for eg.

If you get it right, a share moving $1 equates to 10 contracts moving up $10,000 in value, and that's not including time and volatility value.

Sea Dog · 18 March 2005

ANY COMMENTS ABOUT PBL

PBL has been up and down like a yo-yo in the last couple of weeks

Any comments about PBL ?????

DTM · 18 March 2005

Re: ANY COMMENTS ABOUT PBL

Sea Dog said:
PBL has been up and down like a yo-yo in the last couple of weeks

Any comments about PBL ?????

The last two weeks have seen a few shares go up and down like a yo-yo. BHP, RIO, PBL, BSL, CBA and a few others. If you had bought BHP and RIO during the morning at about 10.30am to 11.00am and sold around 12 - 1pm you would have been able to capture 30 cents movements per day. I think that yesterday was a break in the pattern and things could be moving up now in general. If it doesn't change, then just take your profits when you can because conditions have been pretty choppy. Gold and Oil seem to be wave to be riding now. I recommended CTX to a friend when it retraced a couple of weeks ago but he didn't make the trade. This current retracement might be an opportunity to get in.

Don't take my ramblings as advice as I'm not a financial advisor as such. Do your own research.

PS I don't trade stocks, only options.

stockman · 26 April 2005

PBL- Ready to go up?

Does anyone know what % of PBL's money is invested in betfair. Like if betfair's profits double how much impact will that have on the stock?

Cause all i know is that when not if betfair gets a licence it will make bundles and other gambling stocks like tah, utb will get hurt severely.

RichKid · 13 July 2005

Re: PBL - Ready to go up?

A possible 123 set up? Last few weeks suggests a minor bottom, so higher lows in the making? Solid volume in the last few months. Conservative trigger would be close above 16 imo.

ob1kenobi · 13 July 2005

Re: PBL - Ready to go up?

RichKid said:
A possible 123 set up? Last few weeks suggests a minor bottom, so higher lows in the making? Solid volume in the last few months. Conservative trigger would be close above 16 imo.

Rich, I agree. I've had this on my watchlist for awhile. I have shares in TEN bought some months ago @ $3-36. They've done as I expected and with Seven, have given PBL a run for their money. Nine is currently going through a major restructuring and cost cutting exercise. It's also lining up gaming interests in Asia. Let's see where it goes!

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