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10.0% 0.6¢ 3d resources limited

I know all about leverage, I trade oppies a lot. You're...

  1. makattack
    31,884 Posts.
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    31/01/17
    11:04
    Post #: 22242488
    I know all about leverage, I trade oppies a lot. You're assumption is wrong. If fpo goes up one pip it does not mean oppies will follow. At some stage the oppies will tread back to a smaller premium. When I bought my fpo at .5c, the oppies were .4c. Fpo has risen to .6c, oppies still .4c. Perfect example.

    Simply with oppies at .4c (.5c actually right now if you want to buy a decent amount) and fpo at .6c, buying oppies is just pointless imo.
    DDD Price at posting: 0.6¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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