Posted by cheese > 2012-05-17 14:51 | Report Abuse

support

Posted by alntm > 2012-05-17 14:52 | Report Abuse

totally agree - emotions can affect your thinking. so have an entry and exit plan. and dont let your trade be dependant on others.

warren buffet also mentioned, the mistakes he regret most was not losing money, but not acting on what he knew was correct.

Posted by NKN1 > 2012-05-17 14:54 | Report Abuse

reverse stock split in itself doesnt change anything about the mother except reducing the liquidity. an illiquid share can work both ways, easier to push up but also easier to push down. mother financial fundamentals does not change. the push factor to buy reamins the same

whatever happen to mother eg reverse split, bonus issue, etc etc sons conversion terms or even numbers of shares/liquidity will also be adjusted accordingly

it still depend on how far people is willing to push the share price of the mother irregardless of reverse split or bonus issue.

a better push factor to buy the mother is either a large dividend or priviatisation at big premium

like i said, if my understanding is wrong please feel free to correct me

Posted by diablo88 > 2012-05-17 15:02 | Report Abuse

NKN1...you still don't get the point. The cow boys are the one manipulating the mother price because of their CW they issue. To cut it short, no mother no derivative. When high demand on mother then the price will shoot up. It depends on how much the cowboy willing to pay.

Posted by bomblikeme > 2012-05-17 15:04 | Report Abuse

NKN1: reducing liquidity for jcy, means major shareholder may have more control. And they probably romped outsiders like morgan stanley, jpmorgan or other fund managers to lock high prices..like earlier comments, blocking CW issuers' ability to hedge..speculation again. hehe..

kizz: bought before RM1, but average out also near to RM1 ady lo..i burnt my hand on CD before, never ashame to admit..hehe

Posted by Fat Cat Tim Buddy > 2012-05-17 15:11 | Report Abuse

yes you are right.

the less liquid the stock = the less swing of the share price.

normally illiquid stock with good fundamental and good prospect is hard to get press down, just like Dlady, nestle.

but jcy is another case, people still skeptical about it, those banks really cant do much if the crowd does not believe it.

look at the history of jcy, it was one of the worst IPO listed , and one of the most expensive IPO.

Posted by Namoyaki Takarajima > 2012-05-17 15:25 | Report Abuse

Good in house discussion Gentleman. I appreciate to read it all. Salute.

Posted by NKN1 > 2012-05-17 15:27 | Report Abuse

noted on everyone opinion but for european style cash settled warrant (different from American style warrant)the CW issuers do not hedge in order to profit on the upside. i.e they buy mother share low and sell mother share high

Their intent is always to keep mother price low irregardless. they have no interest to profit on the high price of the mother.

It all depends on how strong the major shareholder is willing to fight. They will still need the same amount of money theoretically as the share price is doubled corresponding to say 2 to 1 split

Liquidity got nothing to do with it. Look for example at BIMB case recently. BIMB is relatively illiquid but when BIMB-CB about to expire, the illiquidness made it easier to push down if there is not a strong push factor

Posted by NKN1 > 2012-05-17 15:28 | Report Abuse

whatever it is i think i will be a happy man tomorrow...a matter of how happy only : )

Posted by bomblikeme > 2012-05-17 15:31 | Report Abuse

NKN1: Maybe I shouldn't use the word hedge, I should put as 'leverage' maybe..hehe

Posted by rookiemy > 2012-05-17 15:40 | Report Abuse

Well say NK. Personally I am very weak with share split, bonus issue, right issue kind of things. I always see mixed reaction from market when these happened. I prefer simple qtrly report with dividends pay out.

Posted by dRsam @P.Lee > 2012-05-17 15:49 | Report Abuse

reverse split or amalgation means less shares
it does NOT mean liquidity...which depend on the MARKET MAKER or the syndicate people...

there is an article on our eur-styled call warrant (sound more than call girls)...the issuer will PUSH THE MARKET PRICES AS LOW AS POSSIBLE - the last 5 trading days - ie the mother share will be at the mercy of the issuer!!!...the cowboys

am curious why SC allow so many call-warrants on one stock with abt same expiry dates???

Posted by NKN1 > 2012-05-17 16:02 | Report Abuse

dr sam may be i shud say "free float" instead of liquidity...thanks for hightlighting. syndicate is different they use "churn" i.e recycle same number of shares over and over again. market makers only exist in malaysia for CW as bank issue it for their own behalf and not company. normal shares, bank dont act as market makers but they proprietary trade which is not market making. have to get correct term nanti ppl who is not clever like me get confused

Posted by NKN1 > 2012-05-17 16:03 | Report Abuse

for once today the CW esp CF seems to be acting independently of mother share price. hmmm interesting

Posted by meljohn > 2012-05-17 16:18 | Report Abuse

collect warrant then push up mother share

Posted by alntm > 2012-05-17 16:23 | Report Abuse

cf has been more responsive to mother fluctuations than the rest of warrants imo..anyway got angpow from it for now hehe.. help me hold mother with more confidence...

Posted by oldpro > 2012-05-17 16:44 | Report Abuse

Lamken, i salute you

Posted by Jjtrader > 2012-05-17 16:55 | Report Abuse

Huat ah ! JCY GO Go GO ....

Posted by NKN1 > 2012-05-17 16:56 | Report Abuse

am happy today...may i be happier still tomorrow.

Posted by plus5 > 2012-05-17 17:07 | Report Abuse

Quarter result released!!! 3 cents devidend... LOL...

Posted by blucubic > 2012-05-17 17:07 | Report Abuse

Quarterly announcement out!

RM163,092,000 profit for 3 months ended 31 March 2012

http://www.bursamalaysia.com/website/bm/listed_companies/company_announcements/announcements/index.jsp

Posted by Horizon > 2012-05-17 17:17 | Report Abuse

1. Super profit - tick

2. 2nd interim dividend - tick

3. Mega announcement???

What is it? What is it? So kan cheong!!!

Posted by NKN1 > 2012-05-17 17:20 | Report Abuse

interesting data in the jcy report. their retained profit is more then 600 mil....hmmmmmm nice warchest

Posted by gohshiau > 2012-05-17 17:20 | Report Abuse

Mr.Lamken don't forget to add me!!! gohshiau@gmail.com

Posted by poonj > 2012-05-17 17:30 | Report Abuse

Mr.Lamken thanks for all the info & comment you giving for us..have you we got more confident to play this stock until now...hope tomorrow price will up more everybody huat ah..

Posted by Steven Lee > 2012-05-17 17:34 | Report Abuse

dont forget the donation to Thailand...

Posted by phang_ck > 2012-05-17 18:12 | Report Abuse

Hi sifus, except news just announced, are you expecting more news tomorrow? Thanks, love reading all the info here.

Posted by ymj1016 > 2012-05-17 18:29 | Report Abuse

Lamken: You're now everyone's hero..hahaha...please include me as well mun_jinn85@hotmail.com

Good luck to all of you guys! Tomorrow will definitely be Fabulous FLY-DAY!!!!!

Posted by dicson > 2012-05-17 18:41 | Report Abuse

Hi all expert Sifus.....I plan to collect more CW. Can I still do so tomorrow?FYI,I still holding mother share 1.35X15..My aim CK,as a small fish like me can only aim CK. special thanks to Lamken and all useful analysis/info been posted to this forum..Thanks you all!!!!Appreaciate it!Remember harmoniously bring the wealthiness..

Posted by gwyjade > 2012-05-17 19:16 | Report Abuse

Hi. I am newbie here. Thanks everyone for the previous info.

Lamken: Pls email me any useful info.. gwyjade79@gmail.com
Million thanks.

Posted by jeffc > 2012-05-17 19:16 | Report Abuse

lamken, can share the info please. my email, jfc7702@gmail.com. thanks.

Posted by Kent Lee > 2012-05-17 19:51 | Report Abuse

sold all my JCY & CE today..... very happy..... TQ Lamken

Posted by Kent Lee > 2012-05-17 19:56 | Report Abuse

news is out....very good quarter reported. fly again 2moro...

Posted by ahyeo > 2012-05-17 20:14 | Report Abuse

Kent Lee... Why you sell all if you think it will
Fly some more tomorrow ?

Posted by talk2pkc > 2012-05-17 20:36 | Report Abuse

Hi Lamken, wld appreciate if you can include me in yr mailing list and i.e. talk2pkc@me.com ........ many thanks. ciao

Posted by nubhan > 2012-05-17 20:52 | Report Abuse

great! as i mentioned last yesterday. above 1.51 all buy. Technical analysis rules !

Posted by dRsam @P.Lee > 2012-05-17 20:59 | Report Abuse

hope JCY fly tomorrow..fly north

for those who buy the call warrant be aware these are european call warrant (please read recent article on this...understand the different between european vs american call warrants)and the implication when expiry date arrive

third qtr result may not as impressive as first 2 qtrs due to slight depress prices for HDD and also the factory affected by the Thai flood shd be in operation...

one thing for sure : IB is bullish on jcy ie why so many call warrants

Posted by charlie chia > 2012-05-17 21:07 | Report Abuse

Hi Lamken,
Maybe you had forgotten
Still waiting for your email, 3 days already
Pls remember to add mine charlieadtjb@gmail.com
Thks

Posted by thunder_storm > 2012-05-17 21:21 | Report Abuse

Ken Lee, nice job. keep bullet first

Posted by Jjtrader > 2012-05-17 21:39 | Report Abuse

Lamken can you give the detail for appetizer 1. Keen to know what is it about . Thank you.

Posted by usry > 2012-05-17 21:57 | Report Abuse

3 cents dividend & the HDD players need 2 more Quarter for reactify the effect from Thailand flood. so JCY have a room to supply HDD to customers & Their plant at China also start operation.This also will give JCY extra profit for next Quarter..(my assumption from JCY report that release this everning) By the way i also eager to know the 2 appetizer that Mr Lamken mention before..

Posted by Ameer Khan > 2012-05-17 22:03 | Report Abuse

hai Lamken..can u add me to..ameeralikhan@gmail.com

tq for ur great info...

Posted by Vivi Yap > 2012-05-17 22:08 | Report Abuse

hai lamken pls add me vivi327@hotmail.co.uk

Posted by Kent Lee > 2012-05-17 22:08 | Report Abuse

lam ken definitely got a lot in his plate... if anyone else got his email pls b kind enough to forward the rest and so forth... mine is axlanzac@yahoo.com........cheers

Posted by nadumananchi > 2012-05-17 22:16 | Report Abuse

Hard-disk drive manufacturer JCY International Bhd's earnings surged 1,209% to RM163.09mil in the second quarter from RM12.46mil a year ago, boosted by higher average selling prices.

It reported on Thursday its revenue increased 45% to RM576.58mil from RM397.43mil.

"This was due mainly to better average selling prices as a result of shortages in HDD mechanical components after the October 2011 Thailand floods, favourable exchange rates and higher volumes shipped during the periods," it said.

Earnings per share were 7.98 sen compared with 0.61%. It recommended a single tier tax-exempt second interim dividend of three sen per share or 12% for the financial year ending Sept 30.

For the first half, its earnings jumped 1,530% to RM325.54mil from RM19.97mil in the previous corresponding period. Its revenue increased by 35.8% to RM1.135bil from RM836.33mil.

Posted by lamken > 2012-05-17 22:17 | Report Abuse

Someone already got it right with their guess for appetizer 1. Why you do think I been loading myself up on more mother and warrants?

There will be a shortage of mother soon. Why? becuase someone big will be buying up all the mother. Once the mother reach a fair high price (becuase of the buy up) it will be protected. If cowboys try and press someone will take whatever they throw no problem. When price reach a certain point, all cowboys will panic and will be force to hedge. But you calculate how many total warrants have been issued Vs how many mother share there is. Once the buy up is in process they are going die if do not hedge, when they hedge, price go up even further, especially becuase not enough mother to go around.

The big boys who collecting the mother have also loaded up to the max with most of the warrants. why you think over the last few weeks there have been a big price disparity between mother and sons! haha.

This is not factoring in other big/small buyers from the market who will no doubt be interensted in this counter after tonight's Q2 results and the future earning potential of this company.

War is coming to the cowboys.

Posted by yangkwang > 2012-05-17 22:21 | Report Abuse

hi,somebody out there b kind enough to email me lamken's report?
Thank you! EMAIL:tee91@rocketmail.com

Posted by nkn1 > 2012-05-17 22:25 | Report Abuse

Lamken did I hear u say "SOMEONE WILL BUY ALL THE SHARE" ? : )

Posted by lamken > 2012-05-17 22:31 | Report Abuse

You never heard it from! Haha

Posted by diablo88 > 2012-05-17 22:33 | Report Abuse

It sounds good but is this a speculation or for real?