The exercise price of warrant is 35sen. So at current price of warrant 34sen+35sen=68sen. Mom is trading 60.5sen. Usually warrant is trading around 20% premium than mom. Mean warrant if pushed up is up to 37sen based on the current mom pricing of 60.5sen.
I am looking at 40sen level for the warrant and 70sen for the mom next week.
Let get our fingers crossed and sit on a horse wagon full of gold this 2014 and laughing to the bank. HUAT AR!!!!!!!!!!!!!!
@nevtrade, normally warrant trading below 20% is considered discount. For your information, the son is once trading at more than 30% premium. Furthermore, it will only be expired on 2018.
0.345 and 0.35 is a huge hurdle. But the selling is absorbed in the past week. Hopefully in the coming weeks, it will breach past this level.
Anyway, as long as the mother is rising steadily, the son should follow and vice-versa.
I know some big investment bank already reach the trading limit on warrant, this show there is a very fierce collecting on warrant. Some big fund are parking at warrant, I was told more banks n broker house will reach the exposure limit next week. Once over exposure, no more contra, need to use cash acct to buy. This is a very clear signal the warrant will shoot up anytime !x
wow RM1 ?? You aim really high and I believe everyone wish that could happen soon as well. It will take some time for that to happen and depend on Global and local market condition for next couple of weeks too. Again still no news on QA :-) but if warrant break 0.37 today I will definitely go in more.
Now can see people are scare and don't want to take risk. They start to throw, which is good thing for some folks and maybe bad thing for another group of folks.
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....
mk88
986 posts
Posted by mk88 > 2014-02-21 12:56 | Report Abuse
0.345 break through?
huat ar, huat ar