Asian Journal of Economics, Business and Accounting, ISSN: 2456-639X,Vol.: 5, Issue.: 4
Temporal Dimension & Risk Dynamics of the Seasoned Equity Offerings
Clifford Gambo1* 1Betaresearch Capital, 1518 West Madison Street, Chicago, IL, USA.
1Betaresearch Capital, 1518 West Madison Street, Chicago, IL, USA.
(1) Mohamed Ibrahim Mugableh, Department of Financial and Banking Sciences, College of Administrative and Financial Sciences, Irbid National University, Jordan.
(2) Maria Ciurea, Associate Professor, Department of Economics Sciences, Faculty of Sciences, University of Petrosani, Romania.
(1) Sergey N. Polbitsyn, Ural Federal University, Russia.
(2) Linh H. Nguyen, Vietnam.
(3) Kemal Vatansever, Alanya Alaaddin Keykubat University, Turkey.
(4) Alexandru Trifu, Petre Andrei University of Iași, Romania.
Complete Peer review History: http://www.sciencedomain.org/review-history/23017
Trading is a complicated temporal system with many time-related procedures and functionalities, like SEOs (NYSE companies), price action breakouts (technical analysis), etc. These temporal features could lead to profitable trading strategies with significant returns. The primary target of this article is a "read-the-tape” concept. In particular, the article has empirically tested Baron’s data involved in NYSE SEO initiatives and then proposes temporal tactics for trading the NYSE SEOs. Statistical data analysis shows that, during the seasoned equity offerings, any shareowners significantly increase their shareholding; so, the market volatility is increased offering great return opportunities. The article concludes that, in NYSE SEO trading, the insiders are profit at the cost of hedge funds, momentary traders, and intraday speculators. Finally, the presented paper is not a complete trading system or even a proposed methodology; it is just a contribution to financial literature by examining empirically the temporal functions involved in NYSE SEOs initiatives, under the prism of the trading activities and their return functionalities.
Equity issue timing; liquidity; market timing; seasoned equity offerings (SEO); trading functionalities; metadata; risk dynamics.
Full Article - PDF Page 1-6
DOI : 10.9734/AJEBA/2017/38564Review History Comments