AirWolf
Honorary Master
PIC offloaded a huge chunk of RMH day after dividend - that's why it's so cheap now.
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Easy Equities good or bad?
- Thread starter lagoaty
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I see RMH is the lowest it has been in 5 years (layman here) but surely being a bank this would bounce back and its an ideal time to buy?
zerocool2009
Honorary Master
Its an insurance firm actually, not RMB
But the big guns owning RMB is HEAVILY invested in RMH still !
Their price dropped when they uncoupled from RMB (as in RMH going on their own)
Thanks for the extra info. So good time to buy then.
zerocool2009
Honorary Master
Honestly, if you bought at R70 per share, you will NEVER make it up now ! Sell.
But if you have some money ... I would still invest with RMH (this paying dividend now is something refreshing !)
Sideshow Bob
Honorary Master
Layman here as well. Looking at trade volumes (but trade count seems lower), I get the feeling that few big players are cashing on yo-yo. For example, if someone had bought 500K worth of shares at 1.21 few months ago, they could have dropped it in the market when it was 1.94 and made 300K gross profit.
Maybe this is what happens for all the shares.
Sideshow Bob
Honorary Master
Assuming they pay dividend next time onwards ;-)
zerocool2009
Honorary Master
Looking at EE selling now ...
Lets take Ash Mid Cap as an example
EE selling -> R7.14
EE buying -> R7.29
Sharenet stats :
selling -> R7.29
buying -> R7.14
It looks like all shares are swopped around (or is it right actually)
Lets take Ash Mid Cap as an example
EE selling -> R7.14
EE buying -> R7.29
Sharenet stats :
selling -> R7.29
buying -> R7.14
It looks like all shares are swopped around (or is it right actually)
Sideshow Bob
Honorary Master
wouldn't Buy always be a bit higher than Sell though ?
p.s. Never mind. I suppose it will depend on demand & supply.
You got it right the first time. The number you can buy for will always be higher than the number you can sell for at a point in time. Any overlap gets matched and traded and is therefore removed from the pricing.
zerocool2009
Honorary Master
So to say: is EE then a great investment tool?
As you dont really buy or sell at the “real” price...
As you dont really buy or sell at the “real” price...
Speedster
Honorary Master
What do you mean?
Also, it's been said 1000 times in this thread, EE isn't great for day trading.
zerocool2009
Honorary Master
Lets say I have share X... and its projected now... I am 27% up.
When I sell, I might only get 21%...
When I sell, I might only get 21%...
zerocool2009
Honorary Master
I never sold anything on EE. Just curious to see how they get their “sell” prices
So if I think again, in the last finWeek mag EE made R50 000 000 in profit (if I recall), in their last financial year
Sideshow Bob
Honorary Master
Do you have any suggestions for day trading? online brokers I mean
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they not too far off, if at all, was an hour ago you posted that if you want to compare now
Speedster
Honorary Master
I doubt very much the 6% drop is due to EE. You'd have to compare the selling price with other brokers.
zerocool2009
Honorary Master
I agree! I usually just compared buying prices with ShareNet
I don't know what you mean by "real" price, you get the market price. But EE is great if you just want to leave things without recurring costs. But if you regularly sell and make big profits you are better off on another platform where you can control the price.