BLD - Boral Limited

[Gringotts Bank]

I made a few cents on that. Looks like a good short now.

 

[So_Cynical]

Bought a parcel today at the open @ $4.11, Boral is still a great stock and still a stock i want to hold and build a position in, also keen to hold BLD because i can write CC options over it...im loving my new IB account.

My average price is now $3.67 the joys of holding a cheap parcel.

 

[So_Cynical]

(28th-August-2013)Bought a parcel today at the open @ $4.11, Boral is still a great stock and still a stock i want to hold and build a position in, also keen to hold BLD because i can write CC options over it...im loving my new IB account.

My average price is now $3.67 the joys of holding a cheap parcel.

Less than 1 month later and Boral went through $4.90 today...phenomenal turn around, i wrote Oct $4.60 calls over my stocks thinking i was safe not to get called away.

 

[So_Cynical]

Yippy my $5 call options expired worthless yesterday...and so i get to write $5.50 call options on Monday.

 

[piggybank]

Up 9% today on higher than normal volume. Obviously the market liked the results from the 1st Half 2014 presentation today...

http://stocknessmonster.com/news-item?S=BLD&E=ASX&N=781847

 

[So_Cynical]

Yippy my $5 call options expired worthless yesterday...and so i get to write $5.50 call options on Monday.

Yer well i ended up writing $5 Feb Calls so missed out on a few dollars there...playing with options is so nickel and dimey...and so ends my investment with Boral.

 

[pavilion103]

I have a pending buy on this one.
A nice little consolidation setup

 

[Valued]

I have a pending buy on this one.
A nice little consolidation setup

On my screen this stock looks to have gone through a high volume breakout. Do three bars really make consolidation? What consolidation are you referring to? The trading range on the left prior to the breakout?

 

[pavilion103]

One of my types of setups is micro consolidations. Similar to GEM which pushed up yesterday.

You're right, I shouldn't use the term consolidation so loosely because in this case people would be confused as to what in referring to!

 

[pavilion103]

A really nice consolidation now.
This one may be worth a trade.
I really like the setup.

 

[pixel]

A really nice consolidation now.
This one may be worth a trade.
I really like the setup.

Same here, Pav.
Sadly, I didn't act on those previous buy signals in December and early February.

 

[pavilion103]

The breakout

 

[SuperGlue]

Will this be the start of decline for the brick-making/building industry?
Printing a five level unit in five days.

If this takes off, which it definitely will, it will change the whole building and property industry.
Imagine the chain re-action of losses to the brick-making/building industry and affiliated industries

New product perhaps for CSR & Boral production of gooey stuff for the 3D printers.

http://news.domain.com.au/domain/re...block-20150122-12vkri.html?rand=1421894371139

Whats next?

 

[So_Cynical]

Boral - one of those solid unspectacular stocks that just keeps on giving, 100% franked with a 3.5% yield, beautiful 5 year chart, got to 6.08 today right on that bottom trend line.
~

 

[dutchie]

BLD recently had a Retail Entitlement Offer.
Before the trading halt I was short using CFD's
After announcement the shares dropped to offer price of $4.80 per new share.
You beauty, covered my short at a nice profit.
Unfortunately I have been assigned the share entitlement, but short (at the price of $4.80). i.e. I am short x shares at $4.80). Now have a loss on my holdings with BLD as the price went up.
Did not know this could happen.
CFD traders beware.
(Anyone care to make a comment whether this is right or not?)

 

[skyQuake]

BLD recently had a Retail Entitlement Offer.
Before the trading halt I was short using CFD's
After announcement the shares dropped to offer price of $4.80 per new share.
You beauty, covered my short at a nice profit.
Unfortunately I have been assigned the share entitlement, but short (at the price of $4.80). i.e. I am short x shares at $4.80). Now have a loss on my holdings with BLD as the price went up.
Did not know this could happen.
CFD traders beware.
(Anyone care to make a comment whether this is right or not?)

Same with a regular short. The person you borrowed stock from expects the entitlement, however they are no longer on the register since you've sold their stock. To make them whole, you owe them the entitlement to the tune of 1 entitlement for every 2.222 share shorted.
The entitlement is essentially a call option
In these situations its a bit tricky - you can buy stock to hedge, however if the stock drops you're long and losing money and they don't exercise their entitlement. If the stock goes up you're fully hedged. (exactly the same scenario as being short a call option)

 

[dutchie]

Same with a regular short. The person you borrowed stock from expects the entitlement, however they are no longer on the register since you've sold their stock. To make them whole, you owe them the entitlement to the tune of 1 entitlement for every 2.222 share shorted.
The entitlement is essentially a call option
In these situations its a bit tricky - you can buy stock to hedge, however if the stock drops you're long and losing money and they don't exercise their entitlement. If the stock goes up you're fully hedged. (exactly the same scenario as being short a call option)

Thanks for that explanation skyQuake.

 

[greggles]

Boral punished today after announcing a property earnings and trading update. Lower expected earnings from Boral North America has sent the BLD share price down around 8.5% and is currently trading at $6.89.

 

[peter2]

I've placed BLD on my reversal watch-list. I've drawn a support line that must not be broached. If price closes below this line. BLD goes into the scrap heap.

BLD has been a good provider for medium term swing traders over the past two years. The recent drop in earnings were caused by adverse weather in several regions rather than any management mistakes. I'm more forgiving in these circumstances and will wait for an acceptable RR setup on the daily chart.

 

[Darc Knight]

Roger Montgomery says Boral to be a big beneficiary of the infrastruce spending EXPECTED in tonight's 2018 Budget. Bit late to advantage of it now I guess, thought I'd post it anyway just in case it helps.