Posted by ernest60 > 2020-11-03 11:03 | Report Abuse

alright noted with thx...after the C27 exercise and i also learn from it...
currently my average cost is 14sen, so i better hope the VWAP must reach 9.62 for me to breakeven after expiration..

really appreciate your fast reply for me to adjust my strategy and the worst case for my C33..
if the premium wont deduct, that why they will put it?

Posted by WenJun > 2020-11-03 11:07 | Report Abuse

The IB bet it will expired out of money, so they can earn whatever you paid to buy the warrants from them. They also buy low and sell high to earn some trading profits.

Posted by ernest60 > 2020-11-03 11:08 | Report Abuse

therefore, worst case is that i keep averaging down the price till as low as possible and the risk is the closing price cant meet the exercise price right?

Posted by terence775 > 2020-11-03 11:10 | Report Abuse

If closing price below exercise price, you lose 100%. so be careful ya.

Posted by WenJun > 2020-11-03 11:11 | Report Abuse

Yes, if you do not sell it before expiry and the exercise price is lower than market price, you will get nothing. This is the dark side of warrants

Posted by ernest60 > 2020-11-03 11:15 | Report Abuse

yup noted...then for those warrant with more than RM10.5 exercise price, who will go to buy and hold ? haha

Posted by ernest60 > 2020-11-03 11:24 | Report Abuse

btw, anyone got fren who won from C27? haha...

Posted by WenJun > 2020-11-03 11:38 | Report Abuse

Two new warrants are listed today... Will IB goreng further to attract more buyers?

Posted by yiheng0114 > 2020-11-03 11:47 | Report Abuse

anyone knows why c33 price dont go up anymore?

Posted by beginner > 2020-11-03 11:51 | Report Abuse

c33 expires soon year end hence extremely high risk, normally people won't goreng the warrant with expiry less than 3 months provided now is out of money some more, you buy c33 very high chance it will become toilet paper when come to expiry

Posted by beginner > 2020-11-03 12:11 | Report Abuse

i learned it with great pain, lost 15k in warrant. every day also hoping the mother will go up and waiting & waiting where the son keeps on dropping day by day until the lowest 0.005 where you sell also no point oledi. hence in the end the warrant expired with out of money, my money all eaten by cimb

Posted by ernest60 > 2020-11-03 12:13 | Report Abuse

@beginner, yup noted with thanks and only realize it last week on this risk of less than 3 mths expiration date,haha...so now is for me to make the call on how to do with my C33 warrant, either keep averaging down and see how is the price going and have to monitor actively...

Posted by Kendy > 2020-11-03 12:25 | Report Abuse

why c33 cannot go up, even the mother share rebounds. and expiry date still less than 2 mths

Posted by WenJun > 2020-11-03 12:27 | Report Abuse

C33 did not went down yesterday, so unless today Bursa can regain what it lost yesterday, C33 won’t have much movement

Posted by beginner > 2020-11-03 13:24 | Report Abuse

got 2 potential catalysts can move the price up, opr cut later afternoon, fri the budget announce moratorium another 6 months - this one is the strongest catalyst if happens but will hurt the banks

Posted by ernest60 > 2020-11-03 14:55 | Report Abuse

based on my fren's fren insider news, the budget will be good, possible of extended moratorium or tax break for the housing loan..
@beginner which warrant that you lost 15k? also Bursa?

Posted by beginner > 2020-11-03 15:19 | Report Abuse

tnb one but also issued by cimb

Posted by Sheng1 > 2020-11-03 15:22 | Report Abuse

Still can hold the warrant expired on Feb 2021?
Feel bursa hard to up....

Posted by ernest60 > 2020-11-03 16:41 | Report Abuse

C44 by cimb which is today the new warrant, exercise price only rm9, haha...sp what you think?

Posted by WenJun > 2020-11-03 16:49 | Report Abuse

Based on their filing, they decided this exercise price when Bursa was stuck at RM9.

It is a good warrant, easily made 20% from it today by playing intraday trades.

Posted by WenJun > 2020-11-03 17:11 | Report Abuse

Able to close nicely above 8, I would say this is a good sign. I feel like CIMB (probably Maybank too?) stop selling today as their new warrant get listed.

Posted by sakurako > 2020-11-03 17:59 | Report Abuse

mind to enlighten me why bursa-c28 seem not popular?

Posted by WenJun > 2020-11-03 18:02 | Report Abuse

CIMB usually has the most active market making activities, which translate to active buy and sell at tight bids. Other IBs generally only goreng their warrants when the mother get particularly heavy traded.

Posted by ernest60 > 2020-11-03 22:03 | Report Abuse

do you ever thought that the market maker also will buy and sell the warrants?

Posted by WenJun > 2020-11-03 22:51 | Report Abuse

Yes of course. When price of mother changes and the warrant price should change to certain price, they may either withdraw queue or buy/sell from/to themselves (to create the illusion of active trading), on top of buy/sell from/to normal traders. For example, CIMB IB market makers generally trade multiply of 500 lot size, within 1000 ~ 5000 lots.

Posted by masterus > 2020-11-04 08:41 | Report Abuse

Prime minister and vice president of the United Arab Emirates and ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, has said he received a coronavirus vaccine shot.

“We wish everyone safety and great health, and we are proud of our teams who have worked relentlessly to make the vaccine available in the UAE,” he wrote on Twitter on Tuesday.

Posted by Jeffreyteck > 2020-11-04 08:47 | Report Abuse

After US election, back to normal. DJ may spike if print more money but not here as more we print, currency will weaken further.

Posted by masterus > 2020-11-04 12:49 | Report Abuse

Only reserves currencies can use QE

Posted by mirian > 2020-11-04 15:29 | Report Abuse

All warrant under CIMB no movement except C44..........haiz...

Posted by ernest60 > 2020-11-04 15:48 | Report Abuse

haiz, yesterday my fren just told me should put in C44 but now regret...haha

Posted by sakurako > 2020-11-04 17:16 | Report Abuse

today volume is at low side... not yet reach game changer

Posted by mirian > 2020-11-04 18:02 | Report Abuse

Now c33 at high gearing and low premium... If mother keep raising, should be explode

Posted by ernest60 > 2020-11-04 22:38 | Report Abuse

But only left less than 2 mths from expiration date wor, still can explode ?

Posted by Jeffreyteck > 2020-11-05 08:10 | Report Abuse

SC won insider trading case back to 2006 Worldwide case, lol. Without long life can't even see the results, like tramsmile, supermax etc. That's why insiders aren't afraid and laughing all the way.
Anyway, market remains intact.

Posted by terence775 > 2020-11-05 10:19 | Report Abuse

Hi Zhuge, did you make any money from RM 7.8-8.3?

Posted by WenJun > 2020-11-05 10:51 | Report Abuse

Legend says he is queuing at RM7, but I think he is a soothsayer that tell us Bursa will rebound few days ahead.

Posted by terence775 > 2020-11-05 11:17 | Report Abuse

WenJun, without fail. So far, everytime he appears, Bursa rebounds. I think Titan and I managed to make some handsome profits buying below 8.

Posted by beginner > 2020-11-05 11:20 | Report Abuse

Haha, all use zhuge as buy sign.

Posted by WenJun > 2020-11-05 11:28 | Report Abuse

Yeah I bought after he appears and earned some handsome profits too, cheers guys

Posted by number9 > 2020-11-05 11:29 | Report Abuse

zhuge: I pity you all la...hahaha...

Posted by ernest60 > 2020-11-05 14:36 | Report Abuse

dont laugh at him la, he is your god of fortune...i used up my budget to average down my C33...god bless me able to offload soon...
surprisingly it rebound during this uncertainty market before US election and Budget 2021...meaning IB finish dumping liao lo? however no need to find explanation, wait for next round zhuge show up for signal...

Posted by Sheng1 > 2020-11-05 16:23 | Report Abuse

klse up almost 30 point..
But bursa just soso

Posted by ernest60 > 2020-11-05 16:31 | Report Abuse

oklah, with the low volume also up..haha...

Posted by Jeffreyteck > 2020-11-05 16:47 | Report Abuse

Most river pollution cases in Selangor caused by licensed companies, state assembly told.... Luckily no reported corruption, otherwise may affect the listed companies if involved. Market stay strong, that is the way.

Posted by WenJun > 2020-11-05 17:05 | Report Abuse

Bursa successfully closed above MA10 and 8.25-8.35 resistance. However, the volume are low, we will see what happens next.

For now, I am seeing three black crows followed by three white soldiers, very bullish.

Posted by Kendy > 2020-11-05 17:55 | Report Abuse

still stuck at c33

Posted by Titan > 2020-11-05 18:15 | Report Abuse

Terrence, u bought ah? I bought some oni la at 8. Anyway, I lazy d to entertain zhuge. Down he shout, up I shout. No point la. So now, down he shout but I buy loh. When it up I no shout but I bye bye with bursa loh. Anyway, I long term in bursa la. Next yr I estimate most probably yearly div 40c. So I think is 4.5-5% at current price.

Posted by sakurako > 2020-11-05 18:30 | Report Abuse

i bought high floor pent house bursa at 10.5, average at 9.5, 8.8, 8.4 -> cry, then sell some at 8.05 and buy C28, change strategy need to fast earn back

Posted by Titan > 2020-11-05 19:45 | Report Abuse

Aiyo, u sold some at 8.05 ah? But since u swap to c28, should hv mk bk double loh. I bought some at 8 n now average is about 8.30. I will sell 15% when it reach the next resistance n 15% if it continue to go up. n buy bk if opportunity arises. Anyway, I long in this bursa loh. The div will definitely higher than FD le

Posted by WenJun > 2020-11-05 20:28 | Report Abuse

Remember one thing guys, don't hold on to a warrant if it is close to maturity and tend to stays flat or goes lower when mother moves up. It is a clear sign of time decay and such decay will accelerate as time goes by if mother stays below its exercise price. Be bold in cutting loss when comes to warrant.

If have faith in the mother, you may try another warrant with longer maturity and premium below 20%. Given the large percentage spread between each bid, queue to buy is a better choice too, avoid buying from sell queue if possible.