- Joined
- 27 December 2010
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- 48
Happy days SR! I've got it at -0.2% diversion at the moment. That's more than a FULL reversion!
Happy days SR! I've got it at -0.2% diversion at the moment. That's more than a FULL reversion!I got in again yesterday and saw the pair revert more than 1% intra-day then back to peanuts. I'm sure this is not the first time this happens. Tomorrow I will consider closing half when I make 1% and leave the other half for a meaningful reversion.
Happy days SR! I've got it at -0.2% diversion at the moment. That's more than a FULL reversion!
Reverses without me
Reverses without me
Me too. I had orders in yesterday which wud have given me 3.6% in <24hrs..but i baulked over 1c on each side - thinking I'd get a better spread in the afternoon. My database has been relatively quiet this week, a few REIT signals and thats about it - hence I haven't been very active.
How is everyone doing with their pairs lately?
I have noticed BWP and SCP are showing strength against the sector, have both of those short up against some others.
Yes, that was exactly why I went for the 1% in my last trade, but surely we will get another chance next week, right?How is everyone doing with their pairs lately?
I was within 1c on either side of closing FDC/NVN for another round. Wish I nudged it because I could have re-opened again on close...instead I watched my position flip all the way from 93% of target to below zero!
Goldies I'm sticking with NCM, NST, EVN and OGC only, got 3 out of 3 last month, but still hesitant to raise my half-size position on them.I am dipping my toes back into gold stocks... just the large ones and certainly avoiding quarterly reports. Also, the media sector seems a bit more stable and tradable now.
I have recently added REG and EHE to my watchlist as well, but haven't got any signals yet, had a look at JHC too, but its volume is probably too thin for my liking.The age care sector is collecting quite a few participants. I am starting very small just see how they tick (and what ticks them). By the next reporting period they should be ripe for some good pairing.
Nice! March was also good to me. My highest ever PnL both $ and % wise. However, similarly to you - this came as a result of some good directional trading. Kind of bittersweet as I find the most satisfying results come from pairs - but I am also happy to be making headway with my other systems.March was my second highest P&L month but some of that was the result of good directional trading.
I think you just described the perfect equity curveThere were no major ups or downs in the pairs, just steady.
For a while there, REIT's were >80% of the trades I was taking. It got to the point where I started to consider key customer (errr sector) risk. As you say, the market has certainly come to life in some other sectors. Some of the splurge of listings we have had over the past 18 months are starting to trickle through represent good pairs lists. Aged care is looking good and some other listings have joined established sectors such as packaging/staples, insurance etc..I am dipping my toes back into gold stocks... just the large ones and certainly avoiding quarterly reports. Also, the media sector seems a bit more stable and tradable now. The age care sector is collecting quite a few participants. I am starting very small just see how they tick (and what ticks them). By the next reporting period they should be ripe for some good pairing.
Surely we will get another 3 or so chances next week!Yes, that was exactly why I went for the 1% in my last trade, but surely we will get another chance next week, right?
Nice work. I did read a bit of chatter about EVN going on the hunt for deals, so perhaps something to keep in mind...Goldies I'm sticking with NCM, NST, EVN and OGC only, got 3 out of 3 last month, but still hesitant to raise my half-size position on them.
I haven't touched FXJ/APN for a while after finding that I could never enter at the right time. Every time I entered it would be too early, even after knowing this was the case and waiting a little longer the next time round - it would still get me! Perhaps a change of parameters is needed for that pair. I've also never had much luck with the online lists, my experience is that they respond to macro news (interest rates, employment data etc) with varying degrees of intensity.Yes, media was good too, had FXJ/APN last week, and holding SEK/REA to close next week.
Nice pick up. I note alot of US traders a big on the ETF thing, whereas I haven't seen it used much over here for trading (I might just be under a rock though). I have been using the XPJ for my outperform/underperform benchmark - but this looks to be a bit better given the trade-abilityAlso new on my watchlist is SLF, and wished I have discovered it quicker, seems very handy to single out any out-performer/under-performer with this. The only downside is probably the fact that you need to rely on maker makers for its liquidity, and good luck trading it at market open/close!
For a while there, REIT's were >80% of the trades I was taking. It got to the point where I started to consider key customer (errr sector) risk. As you say, the market has certainly come to life in some other sectors. Some of the splurge of listings we have had over the past 18 months are starting to trickle through represent good pairs lists. Aged care is looking good and some other listings have joined established sectors such as packaging/staples, insurance etc..
I actually took my first pair with MPL recently, although it felt probably a bit early - still not sure that the price is correlating strongly yet due to the indexing influences that have played so heavy on the stock.
Also new on my watchlist is SLF, and wished I have discovered it quicker, seems very handy to single out any out-performer/under-performer with this. The only downside is probably the fact that you need to rely on maker makers for its liquidity, and good luck trading it at market open/close!
I didn't think you can short it? If so who with? I am a bit hesitate to use it as a long play, as it can be a bit slow to catch up if you are pairing with a short that's running away from you. Shorting it, however, would be ideal if the underperformance of the long leg is without merit. You also do away with takeover risk on the short side.
Hi Everyone,
Can someone tell me where I Can learn about pair trading, or point me in the right direction.
I would appreciate any imput.Thank you.
Apparently you can with my trusty CFD broker (not mentioning names but it's a local DMA provider, wait, there's only 1!?), it probably depends on the prime broker they have.
Missed the obvious (well, everything is obvious in hindsight) short on MIN last week, should have known better AGO's mothballing impact on its contractors!
Now we say goodbye to SGT as they request a de-listing. My telco database is shrinking fast this year!
if the record date for any dividend, distribution or return of capital that is recommended,
declared or paid by Amcom (other than any interim and/or special dividend
recommended, declared or paid by Amcom in the ordinary course of business agreed
between the parties) occurs on or after the date of this agreement but on or prior to the
Implementation Date, the number of New Vocus Shares determined in accordance with
the following formula (rounded down to 4 decimal places):
M = A ×B/C
where:
M = the Adjusted Merger Ratio;
A = the Initial Merger Ratio;
B = $2.45 less the amount per Scheme Share of any such dividend, distribution or
return of capital; and
C = $2.45,
Well, they are still tradable on the Singapore stock exchange
Hey, for AMM/VOC does anyone know whether the the merger ratio is actually adjusted? Reading from the Adjusted Merger Ratio section in the scheme booklet, the ratio may still stay the same since the dividend was well declared in advance. Thoughts?
Consideration & Amcom Board Recommendation
Under the Scheme, Amcom shareholders will receive consideration of 0.4614 Vocus shares
for each Amcom share owned. The consideration will not be adjusted for Amcom’s 1H FY15
dividend (capped at 5 cents per share). Upon completion of the Scheme, Amcom
shareholders will own approximately 51.6% of the combined group.
Well, they are still tradable on the Singapore stock exchange
Hey, for AMM/VOC does anyone know whether the the merger ratio is actually adjusted? Reading from the Adjusted Merger Ratio section in the scheme booklet, the ratio may still stay the same since the dividend was well declared in advance. Thoughts?
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