Bought WB at 0.35 and found that trying to convert them into shares is a hassle - starting with getting the subscription form. No one in WCT would help despite repeated requests for info. Initially stockbrokers said they didn't have the forms. But they contacted Symphony, the WCT's registrar, which immediately emailed a PDF copy to me this morning.

This is all so primitive and unnerving.

Just got my conversion form from Symphony just awhile ago. I say, the relationship between WCT Bhd and its investors are very poor. I wrote to Chong Kian Fah, (kian-fah.chong@wct.my),its head, to request a form. He hasn't got the courtesy to even acknowledge receiving my email. Finally I pestered my stockbroker who contacted Symphony for me. You can be sure that I'm going to lodge a formal complaint against WCT Bhd.

First, who owns CIMB and who is its boss? Well, every year is a good year. If there's a bad year, it is people who make it so. I'm sure many of us here have played the snake and ladder boardgame. Perhaps a snake and ladder year is in store for us. You throw a dice, move a few paces and if you're lucky you climb a ladder. It may be a short or a long climb, depending on the length of the ladder. If not, you may find yourself being swallowed by a snake. And if it's a long one, down you go all the way to the bottom!

Happy trading or investing!

Uptrend. Targeting 1.00.

It doesn't matter if its price should fall to its year low.

I did. Bought 10.000 shares at 2.00. I had to queue at that price. Low volume is a bit worrying? But this is a long term buy.

Red flag is raised when companies have to borrow to pay dividends.

Some food for thoughts:

Almost All of Wall Street Got 2012 Market Calls Wrong
http://www.bloomberg.com/news/2013-01-04/almost-all-of-wall-street-got-2012-market-calls-wrong.html

Investor 77, you can get all the info you need on GMMA by just googling. Perhaps these should help: http://www.chartnexus.com/learning/gmma.php http://www.guppytraders.com/
http://www.investopedia.com/terms/g/guppy-multiple-moving-average.asp#axzz2Gli1ZJH1

There is no foolproof trading method or system.

Thanks, Ooi.

Thanks KCC for your response. As I don't know anything about warrant trading, I'm trying to learn as much as I can. Ooi says in one of his postings, "My rule is Volatility < 40% is the best. Sometimes, < 60% is still ok with me. I prefer < 40%." And then subsequently he says, "You cannot buy warrant or option if Implied Volatility is > 40%, it means that the price of warrant is no longer cheap. The rule is Implied Volatility must be < 40%." And then I found a fantastic article on warrants at shareinvestor.com.my which somehow contradicts the discussion here and so I posed the question with the relevant extracts. I must admit I'm confused by Ooi's comments. While I'm at it, I'm also a bit confused over his statement that "charts don't lie" and at the same time he tells us that charts do give us "false signals". This is all very contradictory and confusing to me. Unless of course the fault lies in me in not able to understand my native language.

Happy new year!

Aren't you being simplistic in explaining implied volatility?

"... the conventional belief is that investors and traders should look only at the warrant with the lowest implied volatility. But this is only true if the issuer buy back their warrants at a proportionate volatility level. To illustrate, one is better off buying a warrant at a volatility of 60%, and sell it back to the issuer at 55% than to buy a warrant at a volatility of 40% and sell it back at 30%.

"The key issue that a warrant trader needs to consider when looking at volatility is not necessarily the absolute level of the volatility the warrant is priced at but rather the level at which the issuer is willing to buy back the warrant. This means consistency in managing volatility on the issuer’s part. Some issuers will change implied volatility intra-day whilst others hardly ever make adjustments. Recall that theta/time decay is one of the often-ignored Greeks in warrants and yet it can be a silent killer." - extracted from http://www.shareinvestor.com.my/?action=page&id=article6

Lucky you, Julia. Happy new year,

Good work KC. Very educational. But how long does it take to convert warrants into shares. I know next to nothing about warrants. Most people tell me they never convert them.

Anyone bought CF this morning?

"By themselves, share-price movements convey no useful information, especially because prices can move in all sorts of directions in the short term for completely unfathomable reasons. The long-run performance of stocks is largely based on the expected future cash flows of companies attached to them - it has very little to do with what the stock did over the past week or month.... Most of us should be better investors if we could just block out all those graphs of past stock performance because they convey no useful information about the future." -- extracts from "The Five Rules for Successful Stocks Investing" by Pat Dorsey.

Fortunately I didn't buy Kulim-WC when its price was hovering between 1.04-1.06. In any case, does anyone know how long does it take to convert a warrant into shares? I'm in the dark. The last time when I had warrants, I sold them for a profit. I don't think it is wise to buy Kulim-WC now even at 0.99/0.995 and mother share trades at 4.95/4.96.

"By themselves, share-price movements convey no useful information, especially because prices can move in all sorts of directions in the short term for completely unfathomable reasons. The long-run performance of stocks is largely based on the expected future cash flows of companies attached to them - it has very little to do with what the stock did over the past week or month.... Most of us should be better investors if we could just block out all those graphs of past stock performance because they convey no useful information about the future." -- extracts from "The Five Rules for Successful Stocks Investing" by Pat Dorsey.

Good point KC. It seems that this discussion is going off at a tangent. I thought we're here to discuss the fundamentals of stocks. But now we're saddled with language such as "betting","bet", "win", "punting", etc. All these are a bit disconcerting to me. I find that I always lose money when buying stocks based on their TA.

Thanks Ooi. I'm certainly not right most of the time. But I've not been able to make any money even when I'm right some of the time. The fact is I've been losing money every time I've "the sense of cutting short my losses." Whatever that means. I just don't know how long I can go on losing money this way.

Don't really know. But who is buying his large chunk of shares? Surely not the small retail buyers. There doesn't seem to be any info on any significant buyers of the stock. At the last count, he has sold about 147m of his shares in SKPRes!

Good stock. Price is low.

Low volume is a problem.

Thanks feigo. Much appreciated.

But the dividend might not come until very much later in 2013, at the latest on or just before 31 December 2013. Having said this, correct me if I'm wrong, an average 18% nett gain over current price for a year's wait is still very attractive. And there's a chance of the share price going up to 6.00, according to analysts, so why aren't people holding on to the stock until they get their dividend and then perhaps sell it at a very much higher price, say 5.04 after the price has appreciated and gone ex-dividend.

But the dividend might not come until very much later in 2013, at the latest on or just before 31 December 2013. Having said this, correct me if I'm wrong, an average 18% nett gain over current price for a year's wait is still very attractive. And there's a chance of the share price going up to 6.00, according to analysts, so why aren't people holding on to the stock until they get their dividend and then perhaps sell it at a very much higher price, say 5.04 after the price has appreciated and gone ex-dividend.

Now I'm greedy. Will it meet my target of 2.35? Shall I sell now and take a tidy profit? 6 sen of dividend is already in the bag.

SKPRes is a good buy now as it is lower than 0.36 sen. Nevertheless I've a small paper loss as my average cost is 0.365. Will certainly buy more if price should fall further.

If this stock has such good potential, then why are people selling their shares in it? Doesn't make sense, does it?

If this stock has such good potential, then why are people selling there shares in it? Doesn't make sense, does it?

Anyone care to comment on voir and prlexus?

Fingers crossed.

Thanks streamer.

Low buy volume makes it hard to sell.

Don't really know. But will take profit if price starts to fall.

2.14. I've a 24 sen paper gain. And yet, I'm tempted to hold on. In any case, I've set a target of 2.35.

Beautiful dreamers...

Still going up.

Still going up.

It's trying very hard to break the resistance. Going up.

Nothing in this world is free. Not even the air you breathe in, according to Lee Kuan Yew, former Singapore prime minister, more than 50 years ago.

Price is going up.

Thanks Tom. But don't know if it will last. Price may fall just as quickly.

An undervalued laggard. Trading below its 0.50 sen par value and NTA of 0.72. It hasn't yet declared any dividends for this year. Nine-month net profit of 2.020m has decreased by half.

Up, up and away!

It seems that there are too many people here who are emotionally attached to Air Asia. Don't think it is a good thing.

Padini doesn't see strong X'mas sales: http://www.theedgemalaysia.com/business-news/227560-padini-doesnt-see-strong-xmas-sales.html
The start of the downward slide. Losing money for the first time on this stock. But will keep it. This is one stock which is fundamentally good for investment.

Am right about oldtown. So far so good.

Just when you least expect it.