Tomorrow high probability Insas will continue to fly. A lot of people who bought low have cashed out thinking they would be able to buy back when it corrects like in the past pattern. But this up one day down many days pattern has changed since last Friday.
The warrant volume is much higher than the share volume although there are far fewer warrants in circulation. Price of warrant has run off even further widening the gap/premium over the share price. What does all this tell you?
I have been with this stock since early 2016 when it was below 70 sen..however, I didn't hold it firmly like you though I did hold for months at times, .I traded many times ....missed the run after it broke 75 sen resistance.....but I put in 50% of my fund b4 the recent QR in both mother share bot at 91 and warrants 31.5...sold on the day of announcement as I had bad experience the last time when its 1Q was announced, it plunged from 75 at opening to 68 on T+4...though it made 8+ sen per share for the Q..
Now, I am trading the stock at much reduced vol.... haha.... missed quite a lot ...though overall made good money from this stock....
Calvin, if you re-examine Insas again, you would see it's various operations are more stable today and well diversified. Also it has built a cash war chest in excess of half a billion ringgit.
Haha! This time b4 the QR I hit it big l after I found out that the co had 334 millions invested in securities as of 31 Dec 2016...and got it right, thank God..
I usually put my money in about 5 counters....I can't follow and handle too many counters...ha!
I spotted your comment on it and repeated it. I went on to load more warrants based on that because I was sure those investments would enhance the EPS significantly.
wow, congrats to those who loaded the warrant, seems the % gain is much much more, hopefully mother share will also rise in tandem la. INSASSSSSS CANTEEEEKKKKKKKKKKKKKKKK
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Posted by TheContrarian > 2017-06-13 20:27 | Report Abuse
What is intra?