All my shares are on BGD.F, actually. I have noticed that for awhile now, since we have been in this trading range since November on, when you guys on the ASX sell down a cent or so, we buy in, before the opening bell, or in the first hour or two. Action rarely happens in the last hour of trading, although when it does, it goes up like it did yesterday.
Another thing may also be that the ticker BGD is on every other day on CNBC europe. I have seen it like once on CNBC Asia/Australia. So I suppose it gets more exposure in that respect. It's how I first noticed BGD, then I researched it, and went from there. I know that one of BGD's biggest investors is from Switzerland, so influence, or buying may be from there. The ASX gives a goods heads up to the pre-DAX open, so this can be good, or in the case when you had the SP on the ASX rise to .38, then it sold down, we still had to wait until the market opened over here before we could buy or profit take.
Another reason I bought in thru the DAX, and what would be a good reason today was euro weakness. The Swiss franc is doing real well against the euro, and less against a strengthening AUD. If you think the euro may rise in the future, then it's a FOREX play at the same time as a stock play. Sometimes it takes a day or two for the SP or the ASX to meet up with the SP on the DAX, on a proper conversion rate. Usually the DAX SP will appear to be weaker, and so it's a cheaper way to buy in, on a stock that has already risen on the ASX. I don't do this kind of buying and selling, because I have noticed that BGD can be real sensitive if one were to sell when there is an hour or two lag in activity, AND, as I have stated before, I am long on this stock, and would rather keep it as stable as possible.
Notice I say DAX for all the german exchanges...it's easier, and they all trade on basically the same price. But my shares are in Frankfurt actually. Also, one more thing, when I originally went to buy my shares I had my broker help me out because it was an international stock, I tried to buy them on the ASX, but I was strongly advised by 3 brokers at the same firm, not to buy on the ASX. That the rates to buy, and to hold thru who ever it is that holds the stocks, was much cheaper on the DAX. You'll notice on the DAX, you have every Tom, Dick, and Harry listed there, pink sheets and Dow components. I think it's for that reason, and also of course to sell more shares. It's like the supermarket of stock trading.
I hope that helped.
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