The problem for anyone trying to follow your trading strategy is that it is dependent on the relative value of EDE to TAS oscillating around the magic "1.4" forever.
If anyone attempted to follow it, they would sell out their TAS at 1.3 and buy EDE, and then wait for EDE to appreciate to 1.5 so they could re-buy the TAS and wait for it to appreciate relative to EDE to repeat the cycle.
In the event that TAS was infact going to re-rate, (which some of us believed was likely and was always dismissed by you), then your strategy would result in an investor following your advice selling out of TAS and waiting fruitlessly for the position to reverse. At a ratio of 1:1 your strategy would result in an investor holding a shed load of EDE and suffering a 40% loss in relative value to TAS. Hardly the "risk free" strategy you have been suggesting.
Presumably since this is the strategy you have been promoting, you have sold all your TAS already.
Alternatively someone could simply have traded the highs and lows of EDE or TAS and made the same gains without having to invoke any magic ratio.
The problem for anyone trying to follow your trading strategy is...
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.026M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 221958 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 4785706 | 4 |
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| Last trade - 10.09am 18/11/2024 (20 minute delay) ? |
| TAS (ASX) Chart |
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