asx website too confusing!

[bort]

After not winning lotto, again, last night, I thought to myself that I may as well spend my 'lotto dollars' (about $10 a month!) buying cheap shares in companies that will probably never go anywhere. Better chance of getting some money back (though not as much as powerball!) and might learn something in the process.

i suspect the 'something you learn in the process' would be that you should be investing in quality stocks, rather than gambling.

You probably get better odds going down to the casino with your $10 than playing the lotto too if you want to get a better, but still negative return. (i think house edge is about 2.7% on roulette from memory?)

 

[evand]

You always see a lot of penny dreadfuls jumping around (up & down) in these 2 lists. Not for me but can be a bit fun if you like that type of thing. Tho occasionally i have a bit of a play and you can win or lose a few hundred in a few minutes/a few hours/ a few days.

http://au.finance.yahoo.com/actives?e=AX

http://au.finance.yahoo.com/gainers?e=AX

 

[GreatPig]

It is possible to end up with less than $500 if, for example, you put your order in the bid queue and someone takes a few dollars of it before prices move higher. The remainder of your order stays in the queue untouched, and you then cancel it.

I had that happen once and only ended up with a parcel worth $255, which I later sold without problem. That was using HSBC Stockbroking at the time, but I don't think the broker would make much difference.

GP