Burgerfuel

[trackers]

quote:Originally posted by Caesius

How easy is it to go short with a NZX stock? I'd like to with this one.

Good point, you can short sell NZX stocks by using CFDs

[Scuffer]

Get ya old bicycle frames here two for the price of one.[}]

[Bling_Bling]

quote:Originally posted by trackers

quote:Originally posted by Caesius

How easy is it to go short with a NZX stock? I'd like to with this one.

Good point, you can short sell NZX stocks by using CFDs

What is CFD?

I know that you can only short sell if you can get your hands on some stock. Burgerfuel wont have many shareholders, so will be hard to get stock to short, unless the promoters wants to lend you their stock so you can short it...LOL

[warthog]

Contract For Difference. You're just winning - or losing - with the margins. Like most derivatives, CFDs are highly-leveraged. Only one local player in NZ AFAIK (there are others if you include buying on margin) and that's CMC Markets.

You can effectively go short by using a CFD, and never touch the stock/share from which the CFD derives its value.

[Big-Noters]

Contracts for Difference Bling

The definition of a Contract for Difference is an agreement (made between two parties) to exchange, at the closing of the contract, the difference between the opening and closing prices, multiplied by the number of shares detailed in the contract.

[BigBob]

I doubt very much you'll be able to short Burger Fuel with CMC Markets though...

Last time I looked you could only trade the top 50 (or so) NZX stocks and BurgerFuel is not even on the NZX... it's listing on NZAX...

[FTG]

Hi Warthog,

I think you will find OMF do NZ CFD's too. DMA (Direct Market Access) as opposed to being market written, which CMC do.

Regardless though, I couldn't see any one doing CFD's on BF for the forseable future. As already mentioned, insufficient script and not on the NZX.

[Scuffer]

Burgerfuel list on NZAX 27th july watch these dive from the dollar down.[V]

[shasta]

When does GBI list?

They should go straight to the main board!

Scuffer - Have you sorted the minimum entitlement out yet?

These Burgerfuel type IPO's usually indicate the market is about to turn bearish...

I'm expecting a few more of these "flog off to the public" type companies coming to the market.

i found an old coffee machine the other day, & might give Mark Weldon a call...

Rod Petricevic wants me to list it & do a backlisting onto the NZX with his latest "idea".

NB, This is for amusement purposes only!

Ok, fess up who is buying Burgerfuel today!

[Scuffer]

I will buy if they give me a 100% guarantee that I will make more than inflation, go for it with the coffee machine it will be a big seller in the morning and at smoko, you would be able to day trade easy money, buy just before ten and sell at ten morning smoko sorted. Forgot to ask ya do ya want one of my old bike frames.[}]