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1 comment(s). Last comment by Mat Cendana 2013-01-31 13:11
Posted by Mat Cendana > 2013-01-31 13:11 | Report Abuse
If one can get back his 0.005 and just lose the brokerage fees, then it's definitely okay. But I'm worried you might not even be able to find a buyer. Ex. Price at 3.40 - not impossible but looks extremely tough. You'll have to bet on a sustained rally which creates attention towards AA. If it moves towards 3.00, some punter might be willing to take over at 0.01 and giving you a 100% profit. If nothing exciting happens with AA, then the punter will get trapped and lose all his capital here.
I think CY might be a better bet: Ex. 2.85; expiry 31/10/13, ratio 4:1. We need some time with this one.
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The Alpha Trader
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by richman > 2013-01-31 12:31 | Report Abuse
worth the risk at 1/2cts got till end of april tp 1 to 1.5cts