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2013-01-31 14:01 | Report Abuse
If one uses TA for investment/trading decisions, and if he were to buy MRCB now, he should be shot by a firing squad made up of technical analysts. If one uses FA, the buying time is also "not now" due to the GE Factor. But if one is an opportunistic cowboy with a bit of the gambler's traits, he would keep an eye on this...
MRCB has been beaten down rather bad the past couple of months sliding bit by bit. No one know where the support is. But don't count it out just yet despite its current gloomy situation. If you had followed this counter, you'd know that it's one that attracts traders who will chase it up. This is where the TA charts come in. From previous experience, it tends to perform according to what the charts show and predict. The Moving Average especially - if the blue line points up and intersects, it's worth a bet. Now isn't the time to buy yet definitely. But don't forget to also watch the technical readings.
2013-01-31 13:11 | Report Abuse
If one can get back his 0.005 and just lose the brokerage fees, then it's definitely okay. But I'm worried you might not even be able to find a buyer. Ex. Price at 3.40 - not impossible but looks extremely tough. You'll have to bet on a sustained rally which creates attention towards AA. If it moves towards 3.00, some punter might be willing to take over at 0.01 and giving you a 100% profit. If nothing exciting happens with AA, then the punter will get trapped and lose all his capital here.
I think CY might be a better bet: Ex. 2.85; expiry 31/10/13, ratio 4:1. We need some time with this one.
2013-01-30 19:11 | Report Abuse
I agree with KC Loh. Looks very tempting if you compare it with its previous high. But it's on a downtrend, which is obvious even without looking at the technical charts. Maybe it's better to wait until a solid support base is formed first. It's better to buy when something is going up even though the price might be more expensive than to buy cheap and then seeing it go lower.
2013-01-30 19:07 | Report Abuse
Same with me too. But I'm going to stick with it because I believe it *will* go past 3.00 although it won't be in the near future. Will put my money where my mouth is, but "cheaply" - its call warrants. Am looking at CM: Ex. 2.70; 31/10/13; Ratio 3:1. However, will see how the general market goes first. Confidence is rather fragile due to the GE Factor so it might be better to wait a bit more first. After that, I'm in.
2013-01-30 17:20 | Report Abuse
Most other counters are lower but berid got a winner despite the shaky conditions. When you're on a roll, you're on a roll and the second trade is profitable too. Ride it, dude! I'm sticking with the ones that I'm more familiar with, like Gamuda-CX, Tenaga-CW. There might be a chance to come in again very soon. For the moment, I'm watching those that have reached their ex. prices or very close to. Not looking for much... 0.01-0.015 will do.
2013-01-30 17:07 | Report Abuse
And the winner is... @berid!
No, I don't dare buy at this level. Certainly won't chase because there will be other buses in the near future. There always will be when it comes to the stock market. Berid can afford to play this one again because the profits from the last trade is more than enough to act as a safety margin:-)
2013-01-30 16:22 | Report Abuse
MISC-CN laughing at all of us, the warrants kakis who froze last week. Even though the mother is down 4 sen, the CN is still going for 0.095. A 100%-profit trade sails away and we can only watch and salivate, guys HAHA!
2013-01-30 14:08 | Report Abuse
@passerby, yes, was a teacher for 11 years in a few secondary schools in Kelantan until the mid-90's before leaving to work with the media industry. Even got transferred out twice to a rural or different-district school for being too loud in supporting the wrong party:-) The EC doesn't need to book the halls early. With its clout, it can just bulldoze through - previous bookings will be cancelled just like that.
2013-01-30 13:47 | Report Abuse
It has been sliding since it hit the one-year high of 1.49 some time ago. This was near where it first started - I remember it being around 1.16 seemingly going nowhere and then...WHOOSH! straight up. The share price has been a disappointment for those who had bought since a few weeks ago, going down and down. But if one is an investor, this might be a good time to buy. Business-wise, there's nothing wrong with Benalec... only its share price.
2013-01-30 13:03 | Report Abuse
Will be another long weekend on top of election talk. Might be more prudent to just become spectators at the moment and hold on to your capital instead of putting too much of it in the market just yet.
2013-01-30 12:27 | Report Abuse
Well, these fellows know what they were getting into when it comes to first-day listings. Many were hoping for a repeat of Pasukhas. But it's just half-time - things might change in the second half:-)
2013-01-30 12:19 | Report Abuse
@1n1792, I had the impression that the traditional rallies were *before* CNY(?) But it definitely doesn't look like so at the moment and there's less than two weeks left. That means you could be right. On the other hand, this "GE Factor" might override the CNY rally, before or after. Investors are jittery. Can't blame them when things often threaten to turn the other way in an instance. At around 11.30 am just now, the index suddenly dipped. Heck, I'd be nervous too when something like this appears out of the blue. I don't know what to think right now. But if there prices become attractive, I'd buy selectively - just small positions though - and lock in the profits immediately when they come.
2013-01-29 19:10 | Report Abuse
Nothing much with me either. Would be great if @Dave Singh comes back - always reliable to have a few laughs when he's around:-) Maybe it's also due to the nervousness in the air which leads to things being rather quiet(?) Last week's severe correction sure took out a lot of air from here. Some counters might have gone up again but it seems that most people are wary, including me. "Walk softly and carry a big stick" from "Walking Tall" -- for now, just reading and listening to what others say... and watching ships like MISC sail by. Don't have much idea in the current environment.
2013-01-29 18:16 | Report Abuse
AARGH!! -CN all for the taking at 0.045 last week and it closed at 0.095! Those very fortunate warrants kakis must have a really big smile right now. I'm green with envy HAHA! Fortunately, I struck the consolation prize with Gamuda-CX. Not near as big as these fellows with their MISC bonanza though; just enough so as not to continue kicking myself.
2013-01-29 13:48 | Report Abuse
@berid, you have it then?:-) Good for you!
I think I can forgive myself for not buying CN if it's last week - had gone in for Bursa-CZ instead and I certainly didn't want to have too many positions with the market like that. But before last week... this is what's bugging me. Not happy with myself for the inaction. Can't make money if one doesn't take risks and buying CWs like CN at that time and situation was the right thing to do. Have to be more alert to these opportunities.
2013-01-29 11:47 | Report Abuse
Kicking myself yet again for not buying when it was at 0.04/0.045. Very bad decision on my part since the ex. price of 4.55 with the expiry date of 30/8/13 should have been rated as "Achievable". Congratulations to those who had bought earlier.
2013-01-29 11:43 | Report Abuse
My mistake about Gamuda-CX. The ex.price is actually 2.65; expires 29/3/13; Ratio 4:1. Mother is now 3.71. Hope it stays above this and be my Chinese New Year angpow:-)
2013-01-29 10:22 | Report Abuse
That's my basic strategy for now too. Not staying at the sidelines totally since there *might* be the CNY rally. But the buys are small because I'm more concerned with what the 900-pound gorilla in the form of the "GE Factor" might do. Have to let this one play out first. In the meantime, there will be various isolated opportunities, as always. But have to also remain cautious and not get in too deep.
2013-01-29 07:04 | Report Abuse
SLV.P in the US went down another 0.36 and it's now US$ 29.85. Since it's below the psychological US$ 30 mark, the market maker will have to offer a better price to buyers at BSKL today. If it's 0.06, I'm in.
2013-01-25 22:44 | Report Abuse
Don't dare to do that. Might jinx both of us:-) By the way, still thinking about that time when it suffered a drop. Went down to such an attractive level and should have picked it up then. When quality counters go down to a certain level, and it's not due to a change in something fundamental (like making a loss or drastically lower profits), have to do ourselves a favour by just buying it. Never mind what the charts and analysts are saying. Unfortunately, it wasn't in my list so I just watched... and then watched it going up again... and kicking myself for not having grabbed the chance.
2013-01-25 19:58 | Report Abuse
I'm putting this in my KiV and will do some research on its CWs. This is a good counter for traders too since its price-movement range makes the reward-risk factor worthwhile. My regret is that I should have followed this counter sooner... maybe from a few months ago after it had undergone a significant fall. Hopefully there will be opportunities in the near future.
2013-01-25 19:50 | Report Abuse
My guess is it will be announced during the Chinese New Year period. Maybe immediately after it. And the GE will be in early March.
By the way, remember how various politician had predicted this from as early as 2009! Some were so convinced and would urge their supporters to "be prepared". Again and again, becoming like the boy who cried wolf. And still no one has gotten it right. When it's finally announced, watch out for those people who would claim that "they were right". Yeah... if they give various dates continuously, eventually they will be `correct':-)
2013-01-25 18:07 | Report Abuse
Started to follow BSKL closely again after the sharp correction last Monday and Wednesday. Had felt the prices were too high last week and a correction looked imminent. But was still surprised by its severity.
Counters like MRCB, UEM Land and others perceived to be politically connected are risky at the moment. We can only guess about the GE Factor i.e. how much these counters will be affected. But these are opportunities for traders as seen from last Monday. I'm resisting the urge to buy MRCB yet. But I'm definitely in when I have enough conviction that BN will win handily. Right now I feel it's prudent not to get in too deep and keep most of the capital on standy.
2013-01-25 18:00 | Report Abuse
@millionaire, I'm banking on that announcement to serve as an impetus to help take AirAsia above 3.00 again. This is a good counter for traders since it has enough volatility to often create buying and selling opportunities. At the moment, the range isn't big - around 10 sen or so. But I believe its day will come again and I'm looking to come in real soon.
2013-01-25 17:49 | Report Abuse
And gold too. Very closely. I'm still regretting not buying SLV-C4 when the market maker was selling at 0.065. This isn't an actively traded counter but it's a great way to bet on silver without having to put up too much capital.
SLV-C4, Ex. US$ 33.00, Ratio 150:1; Expiry 26/11/2013
iShares Silver Trust (SLV.P) is now at $30.65, having suffered a 0.54 fall last night. I'm hoping to have the chance to buy this one. Seller's price at 0.075 - I feel they'll have to give another 0.005 discount at least for me to come in. Let's see how SLV.P trades tonight and also next Monday.
2013-01-25 17:14 | Report Abuse
Still holding? Wow, you have nerves of steel. Now you're close to a 100% gain. Was already out at 0.06 - had set the selling price to automatically let go at that price since I can't be at the trading screen all the time. Am in a cautious mode due to the "GE Factor" volatility.
But now I regret selling too early... as usual. Have to improve this aspect of my trading. It's good to lock in one's profits because there's always the possibility they might slip away. But at the same time, we must also have the nerves to hold out and let the big winners run their course. Now that I think of it, Bursa does have the potential. CZ with its very reasonable expiry is a good counter to hold. Congrats, Tony!
2013-01-25 16:14 | Report Abuse
Hope you and others will help give the heads up should you spot hidden gems like this one. You know, the ones with very reasonable premiums, long expiry, not too far from the ex. price and the mother having potential to go on an upswing based on previous record. Often, we are let down by our prejudice in that we'd only look at "favourites" and not give much attention to others. It's like that with me - I had NEVER cared about Bursa... until you mentioned it. Only then did I look at it more objectively.
2013-01-25 16:05 | Report Abuse
I saw something about this from The Star's SMS Alert. Anyone knows which companies are affected by Petronas' decision?
2013-01-25 16:03 | Report Abuse
I'm at the opposite end. Trying to find a way to profit from the "GE Factor" and MRCB is one of the counters which will be affected. Both ways. Watching it everyday and hoping it will become attractive enough. But maybe should wait until official news of the GE comes out first. And then see how the polls rate BN's chances - if it is likely to do better than 2008, then MRCB will like be one of the beneficiaries. At the moment it's rather risky to buy and hold yet. Soon...
2013-01-25 15:47 | Report Abuse
This one can makan twice:-) Never expected to be able to buy it again at the same price but it went back to that last Monday. I owe you one here, Tony. No, *two*. Helps cover the paper losses from one big loser - Apple C6. Now hoping will also be able to makan again with recent winners which later came down - TM-CU and Gamuda-CX.
2013-01-25 11:57 | Report Abuse
Gamuda-CX; Ex. 3.68 with two months to expiry. Now just 3 sen to that. The main negative is the GE factor as seen last Monday/Tuesday. Will it get spooked and suffer a drop when rumours/news of the GE surfaces again? Other than this, looks like a reasonable punt with a fighting chance of striking.
2013-01-25 09:15 | Report Abuse
Ironic that I thought I had managed to avoid making losses by not having positions in BSKL during the selldown on Monday and Tuesday. Had felt many counters were too pricey last week and a correction looked imminent. Was right about this one. But had chosen the wrong foreign CW to punt. So, still kena :_)
2013-01-25 09:09 | Report Abuse
This is my biggest loser. Had bet that Apple would return a good quarter but it didn't. Actually the quarter wasn't bad at all. Not that it made a loss or even less profit but "it didn't meet analysts' expectations". It was still in US$ BILLIONS. Sigh, that's the risk you take with the stockmarket and especially with warrants. The only `good' thing about this is that the ringgit loss won't wipe me out.
2013-01-23 15:42 | Report Abuse
That reminds me. Have been planning to go to the SS2 office to open an account since a few weeks ago. Procrastinated again and again. Its minimum fee is very well suited for warrants kakis.
2013-01-23 15:38 | Report Abuse
Ex. Price 5.92; Expiry 29/3/13 (The Star. By the way, it's info on IHH-CM is wrong - Ex. is not 1.60) Anyway with FGV-CC, with only two months left, it looks like a very risky punt. As things are, that ex. price looks very unlikely. Would be somewhat okay should there be someone else to take over at 0.005 later on should things not work out. Better a 50% loss than 100%.
2013-01-23 15:16 | Report Abuse
@razmy, I presume there might be something like that at the Chicago Mercantile market. It appears they'd trade in ANYTHING - Heck, even intestines!
That's why I'm cautious at the moment - don't know what these big funds are planning to do. If there are opportunities like the past two days, then yes, should take the opportunity to buy "a bit". But I don't think it's prudent to put in too much capital right now with things threatening to change directions at a moment's notice. Tomorrow is a public holiday and there's only one trading day after that. So I'm staying at the sidelines for now.
2013-01-23 12:38 | Report Abuse
I was surprised by its movements and volume, suddenly being among the most actively traded.This wasn't in my KiV before but now it is. Wondering if there's a chance to make some money here:
3.75; 30/8/13; 3:1.
Time to expiry is quite reasonable. But the ex. price - Phew! Not impossible but you'd need a sustained rally to reach that. However, the CWs kakis wouldn't be too concerned about that. Any sort of sudden interest in the mother should see buyers coming in for the CB. But the buying price will have to be 0.015 to have a fighting chance.
2013-01-23 11:05 | Report Abuse
Looks like it's going to be a happy Maulidur Rasul after all. But have to remain cautious in not having too many positions. Sentiments are rather shaky at the moment and it can easily go the other way just like that. BSKL had gone down too much over the last two sessions so this is what analysts might call a "technical rebound".
The current situation is not good for investors but great for traders... if one is fortunate to get in and out at a good time. I think there will be quite a few similar sessions in the coming weeks, which will be the reaction of investors and traders to news/rumours of the GE and similar local items combined with external news. I agree with @chongkonghui in that we have to be financially and emotionally prepared during these turbulent trading sessions. As seen from Monday, there will be both turmoil and opportunities. It's how we respond that's more important. We can't control the market but we can control how we react to its movements.
2013-01-22 16:36 | Report Abuse
Not for the faint-hearted - if you have a bit of a gambler's nerves, -CJ is a good opportunity to either win or lose big:-P Ex. 2.80; 28/2/13; Ratio 5:1. Looks tough since it's at 2.58 now and some way off. But as recently as a few trading sessions ago, it was tantalisingly close. The broad selloff from yesterday put paid to the momentum.
But is there still time left for a "Part 2" for Mudajaya to regain its momentum, go to the previous level and then break past 2.80? I don't know but it's always "possible". Very risky trade where one might lose 50% of his capital or possibly even all if there's no buyer later on even at 0.005. But if it does rebound, and get back to the previous level, there will be a 100% profit. Or even more if it gets past the ex. price. Exciting indeed:-)
2013-01-22 14:51 | Report Abuse
Melvin, I still haven't bought AA-CY yet. Had -CW for a while but sold at buying price (0.01) since it doesn't look likely to go to 0.015. Looking at CY (now 0.05) but it's TM-CU that I prefer more. Lined up at 0.035 since yesterday. Might have to give in at 0.04. But let's see how how it and BSKL goes first. It's a buyer's market at the moment and it would be great to have a 0.05 margin of safety:-)
2013-01-22 14:18 | Report Abuse
Been somewhat fortunate in that I've not bought anything the past couple of weeks with the exception of Apple-C6 at 0.04 (now 0.03). Had taken advantage of the rise to sell a few counters. But didn't make anything; just broke even to free my capital. Still trying to get a few counters. Now the sellers have gotten into a "jual mahal" mode after the mild rebound and are holding out. Let's see who has to give in:-)
2013-01-22 14:13 | Report Abuse
It has gone above that before. In fact, at some financial sites, pundits are predicting above $40. Doesn't look like so at the moment but we have seen how things can go during a rally. And silver has one other advantage, if you can call it that, over gold - it's also an industrial metal. With both, there's only so much available. Unless if someone suddenly finds a new source which could be easily mined, the supply will remain tight.
All the easy gold and silver have already been mined - the kind where you find substantial quantities when you strike a rich vein. But most of the current production are through expensive methods where companies extract microscopic amounts from mines that were previously uneconomical. They can't continue operations if the price goes down a certain level.
By the way, I'm also buying into the idea that one day silver coins could make a return... when fiat money collapses. That was how the world operated hundreds of years ago. It made international trade between nations possible. If there's a loss of confidence in fiat money - and no one can confidently say this is "impossible" - the world will need something which everyone can accept as "value". Gold and silver are it.
2013-01-22 14:02 | Report Abuse
That's how the media is in any country including the so-called "free" ones. There will always be vested interests with news/articles that try to influence readers towards supporting their positions. It's the same with the media here, printed or online - no one is really "free and neutral". This is why I like a forum like this one. The goal of everyone here is simply this - to make money. Having the same desire makes things direct and a lot less uncomplicated.
2013-01-22 13:54 | Report Abuse
Kicking myself over SLV-C4. It was at 0.065 but I insisted on 0.06. Now can't get it at that price anymore. Very quiet counter but it's a cheap way to bet on silver which I believe will easily go above US$33 when attention is on precious metals again.
2013-01-22 13:07 | Report Abuse
KC, they'll do something about it. Will drag and drag along the way trying to score political points but they will cobble together something. The show will go on. There will eventually be a tipping point somewhere in the future where they finally can't kick the can of postponing the inevitable any longer. How far away this is, no one knows.
But whatever, it's prudent to also put money in precious metals in whatever form (physical, SPDR etc.) . In a financial crisis and turmoil, and when nations need to reset their currencies, the prices might explode.
2013-01-22 12:50 | Report Abuse
Was/Am hoping I might get a second chance after missing out the last time. But this one hasn't gone down "enough" to punt on. Keeping this in very close view...
2013-01-22 12:45 | Report Abuse
Some people are fearing it will be like 2008. Your guess is as good as mine but I feel there are many differences. For one thing, the external conditions are much better compared to 2008. Internally, this time around, the political situation isn't as muddled as it was the last time.
I disagree with Alex Liu's recent post at his blog concerning the Sabah I.C. matter - I don't think it will result in too big a backlash simply because of one thing... that was another time and people now tend to look forward. Our economy is doing okay enough at least and the foreign funds are aware of that. When prices reach a certain low point, they *will* come in for those solid, dividend-paying counters. I'd want to be there when they do so I'm buying my cheap tickets selectively:-) But as @chleong says, be watchful. As in "Walking Tall" - Walk softly and carry a big stick... and be quick to run too should things go the other way:-)
2013-01-22 12:21 | Report Abuse
Yup, and it's mostly with the poor man's shares - call warrants HAHA! Should things not go my way, the loss in ringgit wouldn't be devastating although the percentage loss will look big. You can't try to make money by staying at the sidelines all the time. If now isn't a good opportunity, when is?...when counters like Axiata etc. go sky high as they did recently? But must also be cautious and not jump in too deep. I'm looking at CWs with some life left - six months and above - and with the ex. price "not too far away". Like TM-CU.
2013-01-22 12:11 | Report Abuse
Can't fight the urge and keep staying at the sidelines much longer. Quality counters have dropped significantly from last week and have become attractive again. The index has managed to stay above 1,600 which is a good sign and there appears to be a mild rebound at the moment. I'm going to take the risk with a few quality counters. At the same time, must be alert and be quick to cut loss should this seeming rebound go the other way again.
Stock: [MRCB]: MALAYSIAN RESOURCES CORPORATION BERHAD
2013-01-31 15:27 | Report Abuse
For the warrants kaki: -CL, 2.10, 28/2/13, 3:1 - this one is definitely out for me even at 0.005. You'd need a miracle to strike, which is why you now can't find a buyer.
CM 1.90, 2/4/13, 3:1 - A longshot at 0.01 now. If there's an upswing and momentum, one *might* be able to sell at 0.02 for a 100% profit. But it's too risky for me with just two months left. If it's 0.005, then "maybe".
CN 1.60, 31/5/13, 2.5:1 - This one looks better. Now at 0.02. A bit tight with three months left. But the General Elections should be over by then. Ex. price looks achievable if past records are to go by. If there's momentum, then a 100% profit is more than possible. But if the slide continues, the punter will likely lose 50% i.e. if he cuts loss and sells at 0.01. I'm keeping this in mind if there are indications of an upward movement in the mother.
CO 1.78, 23/9/13, 1.78:1 - Comfortable expiry date. Seller wants 0.055 which I think is a bit expensive considering the current circumstances. No volume but this will follow when the mother recovers. No need to hurry though with MRCB still in the doldrums.
CP 1.70, 17/1/14, 3:1 - I like these, especially the expiry. Good, cheaper alternative than having your capital stuck in the mother. But the market maker doesn't look very serious, offering only small lots... from 0.055 to 0.075, only 100 small lots (x 100 units) for each. So the average price for 500 lots would be 0.065. They will have to make a better offer.