TAS 25.0% 0.5¢ tasman resources ltd

TAS/EDE relative values, page-386

  1. 9,634 Posts.
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    You show the rate as 1.2143 which is correct at close but during the day a lot of TAS changed hands at 27.5. which would make the ratio 1.2364. I bought 100,000 at 27.5 and have some EDE for sale at 35c which will give me a relative value of 1.273. I will watch the market and try for 35.5 EDE which would give me a ratio of 1.2909 which is my trading range. Using my ratios and the "buy Friday/sell Monday or Tuesday" strategy combined.

    Plan B is to sell the TAS when I can sell enough at a profit to get 10,000 freebies.

    With regards to parity. I agree with you that sentiment from TAS believers will mean that it could reach parity sometime. I'm looking forward to it as it will create another trading opportunity.
 
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