Well it looks like my gamble with this one looks like being a fizzer, expecting to be stopped out tomorrow. Was looking for some support at these levels but doesn't look good atm.
The TAH trade also looks like a fizzer - needed to close above $7.50
AGS is in a trading halt till Monday for a capital raising
Depending on what price the raising is at I could see this trade go from a $500 profit to a loss.
I have moved the stop up to $0.80 but may move it too 85c depending on the cap rainsing price and I can only hope I don't get too much slippage on exit.
Might depend on sentiment on the day to how she goes.
Capital raising is for?
I haven't looked at the funnies for a while, but I assume it will be to fund their share of BFM mining. They were free carried to mine last I looked and they're coming up to actually mining....
lol, I actually have no idea what the capital raising is for, I just read capital raising and cracked the sh!ts. I actually know nothing about the fundies of this stock
lol, yeah what a b!tch. It was actually a decent trade till then.
I have noticed stocks like AGS that are trending up drop due to the capital raising but then bounce back pretty quickly, so it might not be a bad knife grab, provided you get the right end of the knife
This was a nice little black swan. Although, I would have been watching the cash in the bank and likely future outlays to determine risk of a swan cloured black landing. There are heaps of those out there at the moment that would effect my decision to buy on technicals. Just other considerations I suppose. They should be written into the price action!!!
Thanks, with the Dow nearly 200 points up for the day I should be able to at least get it to B/E now.
The entry was actually based around my entry for the new ST system I'm using, and sure enough it I got an entry signal in my scans last night - WBC & WES also came up.