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.
You show the rate as 1.2143 which is correct at close but during...
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $4.026M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $1.051K | 262.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 221958 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 4785706 | 4 |
View Market Depth
| Last trade - 15.55pm 15/11/2024 (20 minute delay) ? |
| TAS (ASX) Chart |
