Not necessary drop , majority small hilders sold this counter already . When situation is clear, it may go up since that Gapurna has joint the company, it has more to offer beside government project.
Come on! Get past 1.50 and stay up, please. It is on an uptrend but is rather volatile. This is due to many short-term speculators jumping in whenever there's volume. And they tend to be satisfied with small profits.
Many have been avoiding MRCB since it's one of those counters deemed as "political risks". But similar counters like Gamuda and UEM Land have nonetheless gone up in the past couple of weeks. And now there's sustained interest in MRCB too with many investors not waiting for the GE to be over first. That means they have already made a conclusion and are willing to take the risk by jumping the gun. But have to be fast with this counter - it can move in the opposite direction just like that.
I will be delirious if it gets to near 1.80 before the end of next month. Going to hold on to the -CN warrant because I believe there's a fighting chance for it to strike (Ex. Price 1.60).
MRCB-CN -- this one is the riskiest because it is approaching its expiry. But if the mother continues to go up, the profit in terms of percentage will be high for punters. Not for the faint-hearted, that's for sure. -CN Ex. Price 1.60; Ratio 2.5; Expiry 31/5/13 -- Mother is now at 1.64
@tamasi, Good for you. Same price as mine - had bought it quite some weeks before the GE. Sold half today at 0.03:-) Maybe I should have sold all considering the expiry date is so close. Only a bit more than 2 trading weeks left. If the mother goes down in the near future, the CN will suffer a big drop percentage-wise. Can't really say it's greed - it's more of "calculated risk". I wouldn't recommend new punters coming in... unless if you're willing to risk losing 50% of the capital if the rally peters out.
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....
Robert123
299 posts
Posted by Robert123 > 2013-03-26 15:52 | Report Abuse
Yes, wait till the election