May i share with you, newplayer 286: For the CC if you have the holding power, you might as well take it right up to the end and get the cheque payment perhaps 2nd week October. Dont bother about the CC price. The mother is the decider. This stock is quite steady and fundamentally sound, within the CC non trading period between 26th and 29th, Bearing any unforseen circumstances, such as war or armageddon the mother share is predictably stable over the four days. On the Cd, I reckon it should be OK as it is in the money: The mother is now approx Rgt 10, whereas the exercise price is 8.50. The CC has a premium now becos it is still way ahead of expiry where the ratios become more exacting. For instance if you target that the price of petron b4 reports are out in Nov to be about RM 11, CD might register approx 35 to 36 sen /share. You might fetch a better premium if it hits your target earlier, much further from the expiry, when the ratios are not into effective play What is important is that you must have a target price, within a certain prescribed time frame, and you must be watchful that the exercise price of 8.50 is not compromised. just sharing my 2 sens worth!
You are right . I am buying more too. Why not if all the facts and data clearly show that the coming Q3 must be good . Just a few days more to confirm. coming eps is another record high. I believe more than 50 cents , based on the calculation we had learnt from probability and Jay . We must trust our own calculation. May not be 100 % correct , but can not be unreasonably wrong. Time will tell our bet is a good risk. A good buy . Don't worry about the war , it won't happen . If it does happen , then nobody can escape, even though your money is not in the market .
Just sold CC @0.29 This morning. Looks like going up further bought back again @ 0.295 This 6th round to go for broke until expiry . At the closing price of 10.30 the conversion price is $0.32 .
Hold your horses! Market maker wants to go for tea for awhile. Will be back, meantime on auto-pilot. The imported turbo charger will be arriving soon! Once tested Ok, then it will be in full use.
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....
Newplayer286
2,654 posts
Posted by Newplayer286 > 2017-09-15 22:02 | Report Abuse
Awet91, may i know how far warrant can go down? Is very scary recently all the o&g warrant