yes it's very short, it's a high risk high return trade so should not buy too much. July expiry is after May results release, so if 1Q17 results is as expected, there could be a rebound. who knows, maybe even one day gain could erase all these days' losses.
even after his past week the price was affected by oil and gas sentiment, I'm not worried about petron's fundamentals. for CB the only concern is petron's price may not reflect its fundamentals before the expiry. so if more conservative then should go for mother
and just to highlight for those who are unaware, these are call warrants issued by investment banks, unlike those issued by the company. so the IBs are legally allowed to do "market-making" or market manipulation as I sometimes see it, so just be aware of what you are investing in.
of course if uptrend resumes then no market manipulation can stop it
no it won't. usually they announced their dividend entitlement in April, ex-date in June. I'm counting on results released in May. if it's good as expected, then I don't think that 22c will matter anymore.
even if factor in coming dividend, the premium is still considered low for CW
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....
Alex Lim Jun Xiong
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Posted by Alex Lim Jun Xiong > 2017-02-23 11:37 | Report Abuse
Buy little bit at 29 cents, hope can earn big in future~