Temporal Dimension & Risk Dynamics of the Seasoned Equity Offerings
Journal Title: Asian Journal of Economics, Business and Accounting - Year 2017, Vol 5, Issue 4
Abstract
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.
Authors and Affiliations
Clifford Gambo
Use of Patron Demand Deposit Accounts in Cooperative Financing in Anambra State, Nigeria
Patron Demand Deposit Account (PDDA) is a particularly unique system of raising cheap funds in cooperatives. However, because primary cooperatives lack the skills to manage PDDA and due to absence of necessary regulatory...
Financial Disclosures X-ray and Predictions: Professional Appropriateness to Creative Accounting Practices in Nigeria
This research work focuses on the role played by predictive ratios in effort to check incidence of creative accounting in the financial reporting system of Dangote Cement Nigeria Plc. It examines whether the impact of jo...
Official Development Assistance and Economic Development: Evidence from the West African Monetary Zone
The goal of this paper is to examine the linkage between official development assistance (ODA) and economic development in the West African Monetary Zone (WAMZ). The study made use of annualized data from six WAMZ countr...
An Exploratory Evaluation of Dominant Individual on Budget Process in Nigeria: A Content Analysis Perspective
This study evaluates the consequences of dominant individuals on budget preparation in Nigeria; the main objective was to suggest ways of getting out the jinx of continual and repeated adverse budget preparation in Niger...
A Survey of Literature on Theory and Empirics of Efficient Market Hypothesis
This survey organizes and summarizes existing theoretical and empirical seminal works on Efficient Market Hypothesis (EMH) for educational purposes. The theoretical models focus on random walk model which describes the b...