7058 replies to this topic

[yusufm]

Still pretty nice for one one day's work... where can I check for any more rights issues, or similar news that can be traded like that..

you will have to search the SENS. I must warn you though. Trading in the rights offer shares is highly risky, as in some instances they become worthless. Make sure you only trade in liquid companies like WHL. Look up a company with the code ECS. Their rights offer shares are currently being traded at 1c each and sellers will be lucky to get even that

[TheSource187]

I wish   after brokerage, I only managed about 10% (with gearing)

Still pretty nice for one one day's work... where can I check for any more rights issues, or similar news that can be traded like that..

[yusufm]

Okay I see, so you made about 30% on that trade? lol easy pickings 

I wish   after brokerage, I only managed about 10% (with gearing)

[TheSource187]

yes but I shorted on monday when it was already ex-rights and ex-divi. If I had taken and held a short from Friday then I would have had to pay I think

Okay I see, so you made about 30% on that trade? lol easy pickings 

[yusufm]

If you short with CFD's then does that have any effect on your position, like with dividends, where you pay divs when you're short.. 

yes but I shorted on monday when it was already ex-rights and ex-divi. If I had taken and held a short from Friday then I would have had to pay I think

[TheSource187]

Yeah, the charting software could have been better, but it gets the job done, I suppose (their Easy Trader charts).

I'm using Afrifocus Securities and the platform they have is Terminal Velocity, I love love love the charting but the platform itself is a bit buggy, sometimes I can't log in, so I might have to find another platform if they can't fix it.

[TheSource187]

shorting using CFD's on WHL, going long using the rights (WHLN)

If you short with CFD's then does that have any effect on your position, like with dividends, where you pay divs when you're short.. 

[zombii]

Okay, I was thinking about using them as well but didn't like the look of their charts.

 

Yeah, the charting software could have been better, but it gets the job done, I suppose (their Easy Trader charts).

[yusufm]

Okay thanks guy, did you trade the CFDs or the underlying stock, if you don't mind me asking.. I researched rights issues when I saw the announcement to try to figure out a way to trade it but I'm still a beginner and only figured it out when I saw your post.

shorting using CFD's on WHL, going long using the rights (WHLN)

[TheSource187]

SB OST

Okay, I was thinking about using them as well but didn't like the look of their charts.

[zombii]

Hi which broker do you use?

 

SB OST

[TheSource187]

Out of VOD long at 13280.

Hi which broker do you use?

[TheSource187]

Ah sorry  stands for Nil Paid Letters (rights)

Okay thanks guy, did you trade the CFDs or the underlying stock, if you don't mind me asking.. I researched rights issues when I saw the announcement to try to figure out a way to trade it but I'm still a beginner and only figured it out when I saw your post.

Edited by TheSource187, 09 September 2014 - 12:37 PM.

[zombii]

Out of VOD long at 13280.

[yusufm]

Yep, I have a basic understanding of the rights issue but what does NPL's stand for?

Ah sorry  stands for Nil Paid Letters (rights)

[TheSource187]

 http://www.investope...s/05/062905.asp

Yep, I have a basic understanding of the rights issue but what does NPL's stand for?

[yusufm]

Hi what does NPL mean?

 http://www.investope...s/05/062905.asp

[TheSource187]

thanks Delta   I'll be trading WHL (and its NPL's) all week. Let's hope they all go as well as my first call 

 

.. 

Hi what does NPL mean?

[TheSource187]

Hi guys, I'm new here. Is it okay if I join in on the chats? 

[Bev]

Long MND @ 186.  Target 200.