I was just thinking what a no brainer it has been so far and wondering why I didn't leverage using cfd's (up to 97% LVR) instead of margin loan (75% lvr).
I'm in at $13.71...was a bit slow to take a position.
Plays like this (a bid for a top 10 listed company) don't come along everyday. IMO its just too large a company with too many small mum and dad investors for anything to come up out of left field. I'm calling a slow predictable run of events...a second bid...possible special divvy declared next week...a third bid etc.
May start taking profits around $15.50-$16.00
Ajax
CML Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held