Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME .
It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality.
Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME.
Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick .
FOR CHARTS, PLS VIEW OUR BLOG
http://chrissyconn.blogspot.com/
how do long-term investors stomach this kinda pullback ??? therefore, as said before 'stupidity' is rather individual ... traders wud say all the investors are stupid cuz not letting go at high price first and then buy back later ... and investors wud say all the traders are stupid cuz in out in out with peanut profits !! hehehehe
Sime mother price now = RM2.72 sime-c15 premium 285.11% sime-c15 strike price = RM10 (strange, no adjustment after demerger?) sime-c15 price today = 9sen
conversion ratio 5 to 1
if you buy c15 at 9sen, you are actually looking at (RM2.72 * 285% = RM7.75 sime mother price by March 18).
But since your warrant will only be in the money after sime mother share > RM10, i suggest you play in out only. If you hold till deadline, almost 99.9% it will become worth lesser than a toilet paper.
yes bon ... i have ah wong !! MA and TL bounce from around 50/62 fib and i saw that swing point low (in yellow circle) ... so entered when i got the entry signal ie a bid higher than 3rd candle of SPL which is 1.18 (set stop loss at 1.1) .. since price has moved in my favor i moved my SL up to 1.16 .. after entry, it's TRADE management now :)
p/s - if wave 4 does not turn out to be a complex one, we may have caught the early stage of wave 5 yes ?
as price has reached a minor resistance now, it's good to see a tight consol (or some traders call it a BUILDUP) around this level ... then, hopefully there is a breakup thereafter :)
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Posted by Christine Goh > 2014-03-11 21:40 | Report Abuse
Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME . It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality. Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME. Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick . FOR CHARTS, PLS VIEW OUR BLOG http://chrissyconn.blogspot.com/