@anson938, The problem is the CN's expiry is so close and it makes one's heart thump loudly when the mother goes below 1.60... as it is now (1.58). Maybe I should just get out now - can sleep easier at night:-)
Heheh! I think the -CN should be "safe". Will most likely finish in the money when it expires. Dramatic turn of fortunes from "almost dead" just before the GE to a winner a week later.
I think I'm going to cash out on my remaining -CN warrants rather than wait it out. Next week will be the last to trade before the CN is suspended (Expires 31/5/13). Sell now and I can sleep better at night. Will buy another CW or the mother if it undergoes a correction.
2.00 might look far away. But remember that MRCB's "normal" price range before March 2012 when it began the slide was above 2.00. It spiralled down due to perceptions of it being a "political risk". Now that the GE is over, I believe it should slowly climb back towards 2.00. But it won't be a straight line. As usual, there will also be the "down days".
@Feimaw, your guess is as good as mine. There's just no way of knowing how it will play out in the coming days and weeks. Technical analysis charts plus some fundamental analysis do help. But in the end, it is we who have to make the decision. And this is ALWAYS a dilemma - Buy and risk seeing a counter going down. Don't buy and risk seeing it rising and us missing the boat HAHA!
But there seems to be sort of a trend with MRCB. For one thing, it is rather volatile - can change either way in an instance. That's because it's one of the speculators' favourite counters, and these fellows can either chase the price up or make it slide fast when they panic. The current price - it has gone up quite a bit from the lows of below 1.40 before the GE. Heck, I remember it was around 1.20-something a couple of months ago! Some sort of correction is always possible. But on the other hand, based on some analysts' reports, there is still upside potential.
So where do I stand? "If a counter is on an uptrend, the price doesn't really matter". A mild correction would be good. It will weed out the weak holders and offer new investors a chance to jump in.
There's some correction today. Not just MRCB but broad-based. This is actually good (although those who bought very recently won't think so). But BSKL can't go up and up like the past few days. The question is, how will it be - mild or severe?
1.77 NOW......NEW TECH PRICE 1.90 TO 2.15...IF U PERCEPTION (AFRAID)...SELL AROUND1.90 TO 2.00 ......IF U REALISTIC (OPTIMIS) SELL AROUND 2.05 TO 2.15...HAPPY TRADING ALL!
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....
anson938
1,961 posts
Posted by anson938 > 2013-05-08 14:35 | Report Abuse
what is the date of div announcement?