i hold umw-C24 small volume until expired to see warrant issue really drive UMW price drop or not, the warrant issuer did drive price drop, but not successfully to make it below execution price because the price is too far than execution price. For UMW-C31, execution is 3.30,current price is very closed to the price, warrant issuer is very easy to drive out of money.
warrant issuer house just sold their UMW share from right hand to left hand in order to manipulate price below 3.30, this kind of trick not only happened to UMW, the recent Ambank C23 also same, after warrant expire, ambank shoot up.
i think warrant issuer will take this bad market sentiment to drive UMW price as close as to 3.05 or below 3.05, so that UMW-C30 will be out of money, expired by 25 Nov 2021.
Consumer discretionary stocks like UMW / MBM (via its 38% and 22.6% stakes respectively in perodua) should be a solid proxy to the new national minimum wage of RM1,500. Higher average disposable income = more likely to take on large purchases like a new car
Before price going up beyond 3.3 consistently, need to get RSS gang & Warrant Operator Green light, these are the 2 big shark approved for regulating stock price.
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....