re:VenFx, like your comment especially on the company development... and think you hold yourself right by not revealing your trade, it's after all a personal matter... but still appreciates your input/advise with regards to price point like 0.765 can still invest or not, even to me it's still low risk... from chart, the next resistance is 0.89 and then 1.10. I'm still holding some amount of -wc, not too sure if I would be holding until its maturity... but definitely will hold for mother share... thx
Thnx wiki123, Sometimes i did share some part of the speculative action... when the situation allowed. Just i choose not to consistently in this action, there are many good Sifus out there ...
If you strongly believed that EG can go up, for better return, it is better to buy EG Warrant-C. For example from 4th October until today, EG moved from 66 sens to 76 sens, +15%, whereas Warrant-C moved from 35 sens to 50 sens, that is +42%. If EG can move from 76 sens to say Rm1.00, that is + 24 sens or 31%. If Warrant-C can add on a similar 24 sens, percentage wise that is 48%. But Warrant is a double edged sword, when prices dropped, you will lose more money by holding Warrant instead of the mother share.
Please don't call me sifu, shy only. I may be too bullish, but if I treat the January adjusted high of 1.08 as the end of the major wave 3, the current major wave 5 advance at least has to go to 1.08 to form a double-top reversal pattern. To me that is the worst case scenario. Its major wave 1 gained 60%, major wave 3 gained 145%. If I assumed major wave 5 to gain 60%, same as major wave 1, the target is around 1.08, double-top. but if major wave 5 can have the same magnitude as the major wave 3 then I am looking at 1.60. Very theoretical, please take it lightly, don't be too stressful and enjoy your trading.
re: chanky50, i have the same thinking... wave 5 could be 1.38*wave3, 1.5*wave3 and 1.618*wave3. Since wave 3 = 0.71, then we are looking at 1.6 to 1.8 region for 1.38 to 1.618 ratio...
VenFx bro, I come and I see now and then. Ur wording and sharing are great companion during quiet duration. Always respect your patience and persistence in your own right opinion, feel great.
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....
VenFx
14,784 posts
Posted by VenFx > 2017-10-10 15:33 | Report Abuse
u r wlcm,
wiki123 :)