Parma I don’t see it that way at all !
I really don’t understand exactly how it works but I think it is something like this ....(and please put me straight someone who knows if I am wrong)
I have one hundred shares in XYZ .... it’s a capital growth fund or a micro cap or something else . It’s called Crimson and my shares there are showing 15% profit
Because I am MR BIG I have another fund for hedging ...it’s called Hedge
And I have another fund for ....um I don’t know dividends or ASX 300 or whatever ..It’s called Clover
And I want to move ALL my XYZ shares into Clover.
So I loan out shares to HEDGE and start sacrificing my profit so the price will drop to the predetermined level I want Clover to buy at.
I lose 4-6c profit a share .
Hedge gains 4-6c profit a share .
When the price is low I intermittently roll large parcels into Clover at the going rate.
Clover grows fat and sleek as Crimson loans the same shares over and over to Hedge and intentionally sells down
...or something like that ? ( Crimson and Clover over and over )
At the end of the day Crimson has sold out at 10% profit
Hedge has worked hard for 2% profit
Clover is ready for whatever comes next.
I think what I just outlined is not strictly legal so there would be some kind of variation somewhere ..
Anyway that’s why I don’t think I’ll be served goose on Thursday ...
And I guess if I am I will be eating crow as well.
But remember the update Parma!
Remember the charts
And remember the company that’s the cause of and at the back of all of our purchases here..
It’s real .
And i believe it’s doing good
And I think Crimson, Clover and Hedge do too!
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Last
$3.90 |
Change
-0.005(0.13%) |
Mkt cap ! $1.574B |
Open | High | Low | Value | Volume |
$3.90 | $3.93 | $3.88 | $1.543M | 395.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
44 | 14734 | $3.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.90 | 9811 | 49 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5058 | 2.370 |
4 | 18795 | 2.360 |
4 | 37687 | 2.350 |
1 | 7879 | 2.340 |
3 | 24992 | 2.330 |
Price($) | Vol. | No. |
---|---|---|
2.390 | 11634 | 3 |
2.400 | 71958 | 7 |
2.410 | 16085 | 2 |
2.420 | 19941 | 3 |
2.460 | 816 | 1 |
Last trade - 15.19pm 28/11/2024 (20 minute delay) ? |
NWH (ASX) Chart |