depends on your play game, whether you are in for capital gain or dividend play.
WA offers leverage exposure for capital gain but you are not entitled for the dividend or voting right. If the WA is not in deep discount & as a retailer, no need to waste your the time to convert it.
I'm putting vs into storage. took out my recent entry of 3.11 and a little profit. Still have a big chunk of shares in vs but its becoming too hot in vs
Playing warrant use less capital but same leverage as mother share. But not entitle dividen and voting and have expired date.
Conversion up to holder. Their warrant may ITM "In The Money", have money to convert (to pay conversion price and fees) and want to earn dividend later.
be patient calm..once all those short term chaser trash out and chase out, will remain uptrend..kwap pumping money almost daily for the past month..big jerung is yet to show its colours
for those who are new in the market & are playing contra regularly , my personal advise & observation for your thinking
I played contra for the first 5th years with the expectation of high risk high gain but I ended up losing 6 digits of my capital.
I come to thought about why I always lose when I'm in contra position, the frequencies of losing are higher than frequencies of gaining.
a) It is hard to time the market, the counter moves up immediately after you taken contra loss position.
b) they are marking your movement, every time you play contra, you have been mark as the water fish, they know you got no money to pick up & they will corner you.
c) you will start to ask who are "they" ? only you yourself know that you are playing contra & your brooking house. Go have a deep thought, who is against you.
"Once you eliminate the impossible, whatever remains, no matter how improbable, must be the truth". by Arthur Conan Doyle
d) The frequencies of contra losses increases if you hold your position overnights - it give time for "they" to analyse your movement.
I agree with u...I always remind mysekf...Never do contra...Only buy with cash and prepare to hold for a reasonable period to see the return... We can get the FA of the company easily and we can use simple TA to identify the enter point...But we don't know what's their plan and next move... They can purposely leak some true or fake info via some one to public...Like I3 forum....Among friends...etc
When we were young, we have tendency to more mistakes. 6 digits lost is not a joke but was a history of mine. Majority of my losses were contributed by contra play, speculative penny, tips investing , herd/emotional/news investing, revenge investing , etc. All these coupled with leverage instruments become very deadly.
Yes, the money I loaned to the market / lost to the market , the market have returned it to me.
I'll been holding vs since 2 to 3 years ago. during that time my vs wa even go low as 30 40%. I'm holding till now. definitely worth and long term stock
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....
GemSeekers
1,034 posts
Posted by GemSeekers > 2018-01-10 10:40 | Report Abuse
not surprise if surge to 3.4 -3.5 later.