Wondering datok and datin did look at their share price or not.....? Everyday drop...drop...drop ! Anyway I'm still waiting patiently till it drops down to 0.60...!!
CAELY-WA is still in the money. We should see arbitrage coming in the mend the divide.
CAELY is now 1.03 & Warrant at 0.575. Based on the conversion price of 0.38...the Warrant should be trading at 0.65 assuming no premium for the warrant
1. CAELY...has demonstrated a very impressive showing today by breaching 3 resistance breakouts at 0.96; 0.99 & 1.03 conclusively and closing at the days high of 1.08 gaining a whooping 0.12 with higher than average volume which is a good sign. Next resistance is at 1.37 which is also its all-time high.
Its warrant too made an impressive turnout by closing at the day's high of 0.60. Next resistance is still far at 0.79. We could see arbitrage to set in since the real price of the warrant should be 1.08 less conversion price of 0.38 = 0.70.
I foresee more to come with rumours of a major corporate development in the making.
2. NGGB Today saw volume creeping in for this normally quiet counter. Monitor closely for further increases in volume to reaffirm its uptrend on anticipated good QR. Watch for breakout of 0.42 resistance.
3. PWROOT Immediate resistances at 1.65 and 1.72 with CL at 1.46. Going forward should by rosy for this company which expect better performance this financial year.
4. KOBAY This overly quiet counter has been creeping up slowly unknowingly to many investors. I believe more in store for this company.
This is a 15m spring board stock. Good thing is its still on top of the spring board not yet dive. Fair value is 0.35, as a guideline to how hard the expected dive will be.
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....
Kabali
331 posts
Posted by Kabali > 2018-05-02 20:05 | Report Abuse
Below 90sen should be safe