Up or down?? This counter - and most others too - seem to be frozen today:-) Those matters about Europe, China and East Asia's slower growth, Huawei's troubles with the US which might start a trade war aren't helping sentiments.
More volume with its -CK than the mother Haha! Eyeing the CF but I'm not going in just yet. Have to see a more convincing volume. Traders don't look too desperate to sell, so there's potential for an upswing no matter how mild. Let's see how it goes towards mid-day.
still ok...trading at lower volume...wait n see to rebound back spike at RM0.85 above...dont panic...all call warrant will be expired on end of this year and early next year...push price will be done before end this month (oct 2012)
Guys... think 0.71/0.72 will be easily pass thru... it seem like it will drift towards 0.59/0.60.. beware.. just a cautions, if this week close lower than last week.. downtrend will still continue... now there is no reversal signal for rebound yet...hope I am right... Good luck!
i also think in below 0.700, sudden stop at 0.730 at steady at 0.745..too bad...this year maybe no flood in Thai but in Malaysia ne...everyday heavy rain this week
JCY = Finish at this point of time. Those love to chase low, will hit by lower. Keep eye on this. Wait for rebound signal. Now the signals are all DEAD. I personally expect from the Chart, there will be rebound soon but just for the sake of creating Lower High.
A song name: "Kill me softly" is referring to those still holding this counter.
Darn tough -CF sellers despite the fall. I still can't get it at 0.02. -CM closed at 0.015, with a longer expiry (April `13). The exercise price of 1.60 looks sky-high though. But then, with warrants, it's momentum that counts the most. During an upswing, speculators don't look and think about the ex price and would just buy. That's the time to get out.
Mat Cendana, do u realiase how Call-Warrant works ?? The more Call warrant of a counter, the more volutile it is. JCY , with refer to all its Call Warrant been issued, only 1 Call Warrant can goreng (try guess which 1 the most active) , the rest r just green leaf for this Flower.
Since majority of Call Warrant, are going to expire in end of Nov 2012, JCY mother px will just remain at this bottom, until the expire of all.
Y m I so confidence ? Bcos i burn 100% in the past in few cases, and learn from there. It bcos i m having the same mindset as what u though now, hopes theere is a "Miricle Technical Rebound" from 1c to 3c, but , majority r not.
Meantime, JCY , charting wise is shown down trending, no sign of bottom formation ( a long long side trending chart ).
An good example , look back KNM. It was the King Call Warrant in those year (2 years back), and die the most urgly until recently rebound.
MC, you are a real gambler! Looking at the 9 call warrants of JCY, the "best" punt appears to be CH if you look at the premium and time to expiry together. Even that JCY has to go up by 84% to 1.34 before the expiry date on 29/3/2013 before CH can make any money. In terms of liquidity, CK may be a better bet, but JCY has to go up by 98% to 1.45 before expiry of CK on 18/3/13 in order to make any money! Well I am not saying it is not possible but it is a very tough call to me. JCY was in fact at 1.60 half a year ago. Of course you can also hope that like what you said "During an upswing, speculators don't look and think about the ex price and would just buy" and then you sell to them at higher price. But I think smart money won't do that, but stupid money, you never know. My feeling is that all JCY call warrants will go to Holland. I will give this a miss. Good luck to you.
I am buying more on BENALEC tomorrow. I will sell JCY all first. I have cover some my loss from BENALEC since last week. All JCY supporters, can consider buy in BENALEC.
Way ! Already drops to Rm0.68, Standby all the bullets and when it drop to RM 0.60, I will all in and buy as many shares as possible. Cannt wait for this moment to come.
then you have to contend with the rumours if the management wants to take it private as circulated by CIMB according to howard bach previously. Anything's possible with penny stock price!
This stock needs to be studied closely now. for what the conversion of warrants tells me, its should be FV at 41-43 sens. you should try buy below 40 for safety.
CIMB Issues:- 1) JCY-CG: Gross sales value = RM 18,761,684.24, free float = 87,818,600 units 2)JCY-CH: Gross sales value = RM 5,863,368.25, free float = 27,928,000 units
Maybank Issues:- 1) JCY-CJ: *Gross sales value = RM -347,975.76, *free float = 370,100 units
AMMB Issues:-
1) JCY-CF: Gross sales value = RM 15,560,030.76, free float = 76,782,200 units 2) JCY-HA: Gross sales value = RM 382,667.82, free float = 3,244,700 units 3) JCY-CK: Gross sales value = RM 2,845,538.52, free float = 15,354,500 units
OSK Issues:-
1) JCY-CE: Gross sales value = RM 4,253,206.24, free float = 24,592,300 units 2) JCY-CI: Gross sales value = RM 11,852,851.09, free float = 43,468,300 units 3) JCY-CL: Gross sales value = RM 1,689,307.36, free float = 14,232,400 units 4) JCY-CM: Gross sales value = RM 41,061.45, free float = 711,500 units
* data without the input from MM Maybank of month April 2012 not available(cannot read xlsx file)
free float = units in public hands gross sales value = (units sold x vwap - units bought back x vwap)
The above tabulation are extracted from ANNOUNCEMENT PURSUANT TO PARAGRAPH 5.35(4) OF THE MAIN MARKET LISTING REQUIREMENTS month of April to August 2012 only.
The technical chart of JCY spells big troubles ahead. Both 20MA and 50MA lines cut across 200MA line deeply southwards. These are what chartists term "dead crosses". They are harbingers of disasters in the near term. Watch out for the 4Q results which may be coming any time next month. There could be shocking news.
Based on the downturn this morning, had thought that I could easily get the CF at 0.02, especially since this order is already a few days old. Wonder why the sellers are holding on so tightly despite the high premium?
Now the big shark will try to squeeze you until 'kering'.. or make you chase the stock by doing some push up for show...By the time it hit 0.50cts...than maybe good news appear and the shares bound up... Good luck those still holding...
current holding........AMONUT HELD.................% OUT 1)YKY INVESTMENT 1,515,833,052 74.13 2)DIMENSIONAL FUND 2,843,900 0.14 3)VANGUARD GROUP 2,680,380 0.13 4)BANK OF NEW YORK 1,296,760 0.06 5)CAUSEWAY CAPITAL 1,042,500 0.05 6)OSK UOB UNIT TRUST 1,000,000 0.05
WHO SELL THIS STOCK? ALL MAJOR SHARE HOLDER ABOVE NO TRANSACTION SELL..
Means those remaining floating shares 25.44% must be pick up many small shareholders which did not exceed certain %, so does not need to report to Bursa Securities when trading in the open market.
Possible ?
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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....
blekzz9
371 posts
Posted by blekzz9 > 2012-10-08 10:06 | Report Abuse
going down again!