EDE 50.0% 0.3¢ eden innovations ltd

Relative value trading TAS and EDE, page-17

  1. 18,106 Posts.
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    I have been trading the relative values of LYC, Lynas, and DRE. I chose them based on the way I saw LYC years ago and have held LYC on and off for some time. I see DRE is in the early stages of rare earth prospecting.

    I started off with a ratio of 150 to 1. It is now around 400 to 1. I no longer use ratios but I trade on the basis swing. If one goes up and the other goes down I do two swap trades. I aim to buy back 10% more on the back-and-forth trades. It is still working. I'm not achieving the 10% but am averaging around 4.5% after brokerage.

    I'm open to suggestions as to another two shares that may also fit into this type of trading. I'm trying to find a "companion" for SYA ? One advantage is that it matters zilch whether or not the overall market is rising or falling.
 
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Last
0.3¢
Change
0.001(50.0%)
Mkt cap ! $11.03M
Open High Low Value Volume
0.2¢ 0.3¢ 0.2¢ $3.142K 1.409M

Buyers (Bids)

No. Vol. Price($)
22 22487954 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 64315873 45
View Market Depth
Last trade - 16.10pm 06/06/2024 (20 minute delay) ?
Last
0.3¢
  Change
0.001 ( 50.0 %)
Open High Low Volume
0.3¢ 0.3¢ 0.2¢ 637928
Last updated 14.46pm 06/06/2024 ?
EDE (ASX) Chart
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