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     davkell
Member
Username: davkell
Post Number: 259
Registered: 07-2004Rating: N/A
Votes: 0
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| | Friday, October 14, 2005 - 07:43 pm: | 
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Colin;
I always seem to have problem reading the trading data that is displayed when the crosshairs are over one candle. Daily's are fine, but I have found some confusion with weekly candles.
For example: I am looking at a Weekly chart of STU and the OPEN price for a candle says 1.29 and then changes to an OPEN price of 1.24 on Thursday Oct 13th. The weekly open for STU on the Monday 10th was 1.24, 1.29 wasn't a weekly open since the October 3rd. Can you please clarify what is happening here. Is a week not considered Mon to Fri, hence each weekly candle should display the Monday OPEN, the HIGH reached for the period, the LOW reached for the period and the CLOSE of Friday?
I look forward to your clarification.
"Trade Your Way To Financial Freedom" - Van K Tharp
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colin_twiggs
Member
Username: colin_twiggs
Post Number: 2139
Registered: 09-2002Rating: N/A
Votes: 0
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| | Saturday, October 15, 2005 - 03:46 pm: |
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Davkell,
The Open High Low Close for weekly candles are correct. They change on Friday - when the week is completed.
The dates can be confusing as they continue to show daily - not weekly. We will see what we can do to improve this.
Regards
Colin
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gohard
Member
Username: gohard
Post Number: 330
Registered: 05-2003Rating: N/A
Votes: 0
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| | Friday, November 18, 2005 - 06:23 pm: |
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Colin/Robin,
I seem to have a conflict with your chart on CTS, your data is indicated with a chart and you will see my previous trend lines are located above the present data this changed overnight as the previous close was .40 and it shows .205 which is incorrect I have included the screen shot from my supplier as to the days action which is shown on your chart but the previous information is all out of whack in it's location.
Only a minor issue, view in your own time.
Thanks G
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colin_twiggs
Member
Username: colin_twiggs
Post Number: 2260
Registered: 09-2002Rating: N/A
Votes: 0
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| | Saturday, November 19, 2005 - 08:53 am: |
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Gohard,
Thanks for alerting us. We have contacted our data supplier.
Regards, Colin
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colin_twiggs
Member
Username: colin_twiggs
Post Number: 2261
Registered: 09-2002Rating: N/A
Votes: 0
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| | Saturday, November 19, 2005 - 04:12 pm: |
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gohard,
Response received from our data suppliers:
CTS traded on 2005117 as a 40c share
CTS traded on 2005118 as a 40c plus a non-renounceable right to subscribe for a 20c call option for the price of 1c on a 1:1 entitlement ratio
These rights have a significant dilutionary effect on the stock - especially given that they are issued way in the money.
However, the dilutionary effect has seemingly gone un-noticed by the market. This is probably because the company is a low-cap company and has few or no institutional traders in it who would jump at this arbitrage opportunity immediately.
It would appear that the screenshot (from ETrade) does not take into account the official ASX dilution factors in their "Previous Close" and "Price Change" and "Percentage Change" columns. The clue here is the basis of quotation XE = ex Entitlement, as discussed above.
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gohard
Member
Username: gohard
Post Number: 331
Registered: 05-2003Rating: N/A
Votes: 0
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| | Saturday, November 19, 2005 - 04:52 pm: |
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Colin,
Thanks for following this through it was in a watch list only and therefore I would not be party to this entitlement.
I don't fully understand the implications but would like to read further the information behind this.
I will Goggle up and see what it implies I will also check the news releases, once again thanks for your time.
One thing it certainly changed the chart, sort of throws the TA factor out the door!!!!.
Cheers G
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gohard
Member
Username: gohard
Post Number: 332
Registered: 05-2003Rating: N/A
Votes: 0
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| | Saturday, November 19, 2005 - 05:22 pm: |
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Colin,
Just to confirm after a little bit of research is this the way it goes.
As per your information above and say I own 4000 CTS it would cost me $40 to accept the issue and on call it would then cost $800 to convert to fully paid up shares on the call date.
Seems simple enough the dilution is for 42,250,004 options to raise $422,500.
All good and a lesson learned.
Regards G
(Message edited by gohard on November 19, 2005)
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colin_twiggs
Member
Username: colin_twiggs
Post Number: 2263
Registered: 09-2002Rating: N/A
Votes: 0
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| | Monday, November 21, 2005 - 11:45 am: |
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Gohard,
CTS traded 10,000 shares at 0.38 this morning. Strange that the dilution does not seem to be public knowledge.
I wonder if there are many sellers?
Regards, Colin
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gohard
Member
Username: gohard
Post Number: 333
Registered: 05-2003Rating: N/A
Votes: 0
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| | Monday, November 21, 2005 - 12:19 pm: |
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Colin,
A picture tells a thousand words, new company 3 major share holders listed holding 46.72%,the other holders are either not aware of the issue or think it is a good option interesting exercise.
Regards G
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