I am not that long in this counter, would someone please help enlighten why the son is so expensive, closing at 19.5c ? Isn't the buyer has to fork out another 20c to convert while the mother is only at 29c at the moment
Tordano : the son is trading at an exceptionally high premium compared to mother under the present scenario. The main reason being it is cheaper in cost compared with mother and each rise in mother will trigger a correspondingly rise in son as the demand is there? How long it be like that ? It all depends when the maturity sets in. When it is nearer to the exercise date , the premium will diminish instantly and those who bought it may suffer Hugh losses! This is real gambling , so the one who held the son shares in the end will have to bear all the consequences. A right minded people and focus on long term investing will chose mother instead of the son. The reasons are : Mother may get dividend when it has declared but not son Mother may get right and warrant once declared but not son. Mother may get bonus shares once declared but not son. Since buying mother is so advantaged than buying son, many can't figure why so many are attracted to son ? The main reason is gambling nothing but gambling instincts that played the whole music! If you are the one like to play son, be prepared for the worst to come come maturity. This is a piece of advice, that's all.
This counter if u loss hold it and u gain take profit and don't buy anymore at 0.285 to 0.29... U can earn 1-2 cents if Q at 0.27-0.275 but once it's break the closing no more at 0.29.... This my opinion from calculate the chart... Anyway I still waiting below 25cents hehehe
Rex23... No more big contra player cause all already take profit unless the price drop to 20 cents.... Now the contra or daily player is small player and they just wan earn some Starbucks coffee money.... Look at the volume u can guess it...
Now line back at 7 cents .... But I gain more on mother on early morning lol.... Now waiting Iris drop 0.415 to collect and keep again .... Cari makan sikit sikit
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Ragha168
287 posts
Posted by Ragha168 > 2014-06-05 15:22 | Report Abuse
no one dare to touch 29c...