Posted by tsy88 > 2014-10-22 13:19 | Report Abuse

Profitman - on the subject of warrants, can you please look at Takaso Wb? Conversion is 0.35 and expiry falls on 4th September 2016. I first traded the Wb at 0.195 on 23/9 when the mother share went up 3 cents to 0.535 with high of 0.55 done. Cleared at 0.215 when the mother went to high of 60.5. Mother was trending up very nicely to recent high of 0.73 before it pulled back and currently consolidating. The Wb after establishing high of 0.235 was all this while in the money but seemed to be going lower and lower! Now with mother price at 0.64, Wb is only 0.185, at a steep discount of 16.4%! I subsequently traded twice again on the Wb thinking that price was very attractive but it never moved and lost on charges on these 2 occasions and thereafter dare not touch it again. Really baffles me why the Wb not moving in tandem with the mother share. Compare it to TmcLife Wa which expiry is on 22nd December 2014 but can move up so much together with the mother share. Can you shed some light on this extraordinary case? Something wrong somewhere!

Hope I am not being too long winded! Thanking you in anticipation.

Posted by michaelwoo > 2014-10-22 13:24 | Report Abuse

Lz Lee Weiping - Thanks for your TA on K1. Noted and appreciated.

Posted by Dunknow > 2014-10-22 18:18 | Report Abuse

Hi profitman...really appreciate on ur seacera wb TA...yeah...will cut loss if sentiment is not good...thanks

Posted by inwest88 > 2014-10-22 20:49 | Report Abuse

Dunknow - just look at the details of Seacera and its WB

Mothers Price 0.940
Warrant price 0.495
Coversion Price 1.00
Expiry 2019-05-29
Gearing 1.90
Prem / Disc 59.0%

Expiry 5 years from now - okay
Gearing 1.90 is a bit too low.
Premium a hefty 59%

Unless you some some news that the share price of the mother will go up (which results in he warrant moving in tandem, albeit in this case may not move proportionally in view of the high premium) I would reckon better to go for the mother share.

Posted by tsy88 > 2014-10-22 22:46 | Report Abuse

Inwest88 - re Seacera Wb, surprisingly mother share went down to 0.925 while its Wb moved up yo 0.515. Dunknow will good cgance to clear at a much higher level.

Posted by Dunknow > 2014-10-22 23:13 | Report Abuse

This is very very 'warm' forum. ..tactful and helpful! Thanks to inwest88, tsy88 and also profitman...appreciate deeply on your information. ..It's my luck to have u guys here, to share w me...cheerrrr

Posted by tsy88 > 2014-10-22 23:20 | Report Abuse

Dunknow - you are most welcome. Good night.

Posted by Dunknow > 2014-10-22 23:22 | Report Abuse

Tsy88...nite nite

Posted by inwest88 > 2014-10-23 07:28 | Report Abuse

Good morning TCB

Posted by inwest88 > 2014-10-23 07:29 | Report Abuse

Morning tsy88 and Dunknow. Dow closes in the red.

Posted by Dunknow > 2014-10-23 07:31 | Report Abuse

Goood morning to you...hmmm, red red red...another wave?

Posted by Dunknow > 2014-10-23 07:32 | Report Abuse

Wave of going down?

Posted by Dunknow > 2014-10-23 07:33 | Report Abuse

Wanekem tsy88, inwest88...and TA Specialist...

Posted by tsy88 > 2014-10-23 07:34 | Report Abuse

Good morning Tcb.

Posted by tsy88 > 2014-10-23 07:39 | Report Abuse

Inwest88 - good morning. Yeah, unfortunately dow erased earlier modest gains and went back down by 153! Dow had been up for 5 consecutive days. With Canadian shooting at Parliament, hopefully this does not drag our Klci down by too much.

Posted by tsy88 > 2014-10-23 07:41 | Report Abuse

Dunknow - good morning. Hopefully and pray that our market will not go down a lot. Look on the brighter side of things.

Posted by tsy88 > 2014-10-23 07:45 | Report Abuse

Dunknow - dow was up 215 on Wednesday when our market was closed for Deepavali. Should have been the opposite, dow down on Wednesday and up yesterday!

Posted by duitkwspkita > 2014-10-23 08:24 | Report Abuse

Good morning all TCB superiors.
good morning to all readers here.

today is the global T+4 days. Market experts opined that recent steeped-loss and sharp-rebound may not be a good sign for market sustainability.

I personally think should trade cautiously and strategically (trading buy and sentiment trendy counters) during this period till after 3 cycles of T+4.

I would be super happy to receive your view.

thanks.

Posted by michaelwoo > 2014-10-23 08:53 | Report Abuse

Duit - Totally agreed with you. Need to trade with extra care.

Posted by ProfitMan > 2014-10-23 10:47 | Report Abuse

tsy88 - Takaso has another issue attached to it. The underlying fundamentals of Takaso is weakening with a loss making last year that extended to the first quarter of this year, if I am not mistaken. So, traders of the warrant do not see the future upside in the mother share, hence will offload it even though the warrant now becomes relatively cheap. This probably explains the extraordinary case that you are observing. In contrast, TMCLife is a profit making company.

Posted by TechcodeBreaker > 2014-10-23 12:10 | Report Abuse

Dear All,

In view that the current theme in play are stocks linked to GST and the petrol subsidy program, we have just published our Stock In Focus at http://tcb-sifs.blogspot.com/ featuring Dsonic.

Thank you for all your constant support of our blog. We wish you a very profitable trade in the market today. As always, please remember that discipline in trading is of utmost importance.

Posted by tsy88 > 2014-10-23 14:13 | Report Abuse

Profitman - thanks for your explanatory points on Takaso and its Wb. Yes, Takaso is loss making. Manipulating forces are driving its prices up. No wonder its Wb refuses to budge even though with huge discount. Takaso is gradually heading south now. Not going to look at it anymore. Appreciate your comments.

Posted by tsy88 > 2014-10-23 14:23 | Report Abuse

Hi duit - u opined that our KLCI will have to correct to 1725 level. If this rebound is not sustainable, probably you MAY be right in your earlier prediction !! Time will tell.

Posted by michaelwoo > 2014-10-23 18:41 | Report Abuse

This rebound really surprising. Dunno whether it can last ????.

Posted by kingcobra > 2014-10-23 20:46 | Report Abuse

Hi TCB...can do some research n analyse on TAS please...thank u in advance!

Posted by sunlight > 2014-10-23 21:10 | Report Abuse

Hi sunflower22,
ASIAPAC:
After hitting a low of $0.225 on 16/10, the price went up the next day and formed a bullish engulfing pattern. Since then price trended upward and closed today at its current downtrend resistance line at $0.26. It needs to break above the downtrend line (now at $0.26 but lower following days) with volume in order to have a bullish implication (buy signal). Upon successful breakout, it will find its immediate strong resistance at $0.26/$0.265 and at $0.285 respectively before scaling further. However, the trading volume has been diminishing. So, if fail to breakout, it may likely to go into consolidation. Any weakness due to profit taking or overbought will find immediate support at $0.245 and $0.23 respectively. Stop loss if $0.225 is violated.

Happy Trading.

Posted by sunlight > 2014-10-23 21:11 | Report Abuse

Hi michaelwoo,
PUC:
It is under consolidation. A break above $0.185 with volume, it is expected to test the next strong resistance at $0.205/$0.21 before it can scale higher. However, looking at the last few days’ attempts in testing but failing to close above $0.185 and with reduced volume, it is likely to continue in consolidation. Any weakness will find immediate support at $0.175 and $0.165. Stop Loss if $0.16 is violated.

Happy Trading.

Posted by sunflower22 > 2014-10-23 23:31 | Report Abuse

Sunlight,

Thank you and appreciated very much for your detailed TA analysis on asiapac. Good night.

Posted by excel > 2014-10-24 00:38 | Report Abuse

Dear TCB, kindly help TA analysis on Censoft and fitters.

Thanks you very much.

Posted by tsy88 > 2014-10-24 07:26 | Report Abuse

Good morning TCB.

Posted by Dunknow > 2014-10-24 07:28 | Report Abuse

Good morning tsy88...u r early today...haha...wishing u a prosper trading...

Posted by Dunknow > 2014-10-24 07:29 | Report Abuse

Good mornig to u, inwest88 and TA Specialist...wishing a wonderful trading ahead...

Posted by Dunknow > 2014-10-24 07:32 | Report Abuse

I locked in the profit for ifcamsc...However I haven't sold the seacera wb...hope I can sell today...hmm...

Posted by Dunknow > 2014-10-24 07:34 | Report Abuse

Inwest88 / tsy88 - anything look goods for u?

Posted by tsy88 > 2014-10-24 07:37 | Report Abuse

Inwest8 - dow back up again. Surprisingly the broader market was generally very good and also our index was up and pretty steady. Probably playing catch up when whole of Asia was up on Wednesday. Blessing in disguise as we were not affected by the fall on the Dow. Most stocks were up with some continuing on their run like Inari, etc. Could not resist and bought a few counters. Looking to clear today. Happy trading !!

Posted by tsy88 > 2014-10-24 07:41 | Report Abuse

Dunknow - good morning. Congrats on Ifcamsc gain. I entered yesterday and have not sold yet. Will clear today. Market should be good today. Wow,Knm up so much! Hope today you have good profit from your trading.

Posted by inwest88 > 2014-10-24 07:44 | Report Abuse

Good morning to matriscool, profitman, Lz, yoda88, sunlight and stay_foolish of TCB

Posted by tsy88 > 2014-10-24 07:45 | Report Abuse

I bought Megb,Ifcamsc, Pasukgb, Elsoft and Tekseng yesterday. Most stocks all up, only by how much. Like Inari, Myeg, Pmetal but dare not chase and also do not want to overcommit.

Posted by tsy88 > 2014-10-24 07:47 | Report Abuse

Dunknow - hope you are able to clear Seacera Wb at a better level!

Posted by inwest88 > 2014-10-24 07:47 | Report Abuse

tsy88 / Dunknow - good morning.

With the Dow registering a strong closing, hopefully our market follows suit. Sold Luxhem for a 8 sen gain and half of IFCA to lock in profits. Entered Dsonic, Csenice, YGL, Solution.

May everyone be able to reap gains today !

Posted by tsy88 > 2014-10-24 07:55 | Report Abuse

Inwest88 - congrats on your gain on Luxchem. This was given by Duit. Looks everybody on a buying spree. I am holding Cscenic at 1.14 for quite some. Good dividend yield!

Posted by inwest88 > 2014-10-24 07:58 | Report Abuse

tsy88 - thanks. Normally I do not follow others except looking at matrix's picks. If you were to listen to others there are hundreds of counters for you to play everyday.

Posted by tsy88 > 2014-10-24 08:03 | Report Abuse

Inwest88 - morning session should be good. Today is T4 for day when our market reversed and rebounded. Should be well absorbed as prices were at their lowest. Expect profit taking to kick in by later part of the day in view of weekend.

Posted by tsy88 > 2014-10-24 08:06 | Report Abuse

Inwest88 - yeah, agree with you but I find Duit's recomnendations to be very good. Also your good friend Rchi!

Posted by ProfitMan > 2014-10-24 08:11 | Report Abuse

Inwest88, tsy88, Dunknow & all - Good Morning.

The Dow's performance lent credence to the limited downside it has which in turn would help steady our local bourse. Still, knowledge without discipline is dangerous.

Very happy to note some of you locked in profits on some up trending shares. Congratulations. We wish everyone a very profitable trading day!

Posted by inwest88 > 2014-10-24 08:14 | Report Abuse

Profit man - thanks for the timely reminder.

Posted by tsy88 > 2014-10-24 08:15 | Report Abuse

Profitman - Elsoft has broken the STUBBORN resistance of 1.35 finally! Got it at 1.36 and looking to clear between 1.50 - 1.60. Thank you so much for your reading on Elsoft. Your reply came at the right timing. Appreciate a lot...!! Hope you have good gains too. Happy trading!!

Posted by inwest88 > 2014-10-24 08:18 | Report Abuse

When the market turns bullish every catches the herd instinct and joins on the frenzy buying . Human behaviour I guess

Posted by tsy88 > 2014-10-24 08:18 | Report Abuse

Profitman - yeah, as always you are full of advice! Thanks, noted.

Posted by tsy88 > 2014-10-24 08:20 | Report Abuse

Inwest88 - haha,again the greed factor comes in!!