Big move on NSX, Waislitz grabs 16.8pc
Source: www.afr.com
Alex Waislitz, son-in-law of late billionaire Richard Pratt, has become the largest shareholder in the NSX. Operator of the Bendigo and National stock exchanges, through his company Thorney Investment Group, as pressure mounts on the Rudd government to grant new market licenses in Australia. More »
A strategy of buying stock and forward selling is called covered writing or a “Buy and Write” strategy. A call is a contract that entitles the buyer to purchase from the seller a fixed number of shares at a fixed price up until the expiry date. A covered call writer therefore only sells a number of calls equal to the number of shares already owned. The underlying share price of a stock would have to rise substantially to outperform the covered writer. More »
I recently wrote about explaining Contracts For Difference.
The current trading environment is certainly an interesting place and it is times like these where traders with a trading plan, utilising solid techniques and logical strategies survive when others don’t. When individual stocks become overly volatile and liquidity becomes an issue, it is often useful to look at trading the whole market or particular sectors within the market. To trade the whole Australian share market, you can gain exposure to the S&P/ASX 200 Index. This index measures the performance of the 200 largest index-eligible stocks listed on the ASX. More »
Volatility has been white hot in the past few months. The volatility index (VIX) is referred to as the fear gauge and has been at historic highs in recent months. The market movements of late have been spectacular, as you can see from the attached chart. The VIX spikes have coincided with significant down moves in the S&P500 and consequently on other world markets. More »
Local businessman Gayne Emblin has been personally affected by the Victorian Bushfires. Thankfully his parents have survived and Gayne has established “Mates of Marysville” to raise funds for a catering van including tables, chairs and portable shelters. Cr Lew Brennan, Chairman of NISER and Deputy Chairman of the local franchise of Bendigo Community Bank has assisted Gayne in establishing what was to best way to meet the the needs of the people of Marysville. Lew has helped establish the fund and facilitated the prompt opening of the account at Bendigo Bank Cooroy.
Gayne wants to donate the van to the Marysville Lions so they can use it to help establish a centre to unite the community. To provide somewhere for mums, dads, mates and kids to gather to laugh, to cry and to plan for the future. From small beginnings grows great plans and even greater communities.
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