Losses running into thousands may hurt...but nothing hurts more than holding on to toilet paper inching towards expiry as the trigger-happy penny punters all around us are repeating the same gullible approach prior to Apr27 mega collapse
The fact is nobody, even CIMB, saw the 8 black days of Aug coming... The mkt maker wasn't supposed to allow retailers to rake up to 1000% gains in that 8days.. Now it's payback time for retailers...unfortunately HK has to suffer the wrath of this 'payback'
sorry that's for call warrant for put warrant is (exercise price - settlement price)/exercise ratio so for HK, (1735-xxxx)/666, where xxxx is the klci index price at expiry date i think. Hope all the expert here can explain further if I'm wrong
Just treat it as a very painful (but necessary) lesson learnt by trying to outsmart CIMB.. At the very minimal, just consider it as giving back all the HK gains made thru these 2mths.. Be very careful of HW..it's only advantage is an extra 6mths to HK.. I bet they're also regretting setting 1800 strike for HG now
Doesn't matter ITM or not...fact is unless u bought lower than its intrinsic value (aka u bought it before the mkt maker starts manipulating it)..then u won't make any $$
Time decay effects starts kicking in as early as 3mths b4 expiry...unless some world war happens & our index plunges 500 pts , lain cerita la
Very rarely u'll find a PW/CW gem intrinsic value (where the mkt maker hasn't come in to rape its trading value yet)...HP, HQ, C6, C8 & C12 were the only few i scoured & profitted nicely from
Trick is we need to scan very very closely & make a move b4 mkt maker does
Their specs aren't too different fr CIMB, except a much nicer conversion ratio of 228
"666" conversion ratio already spells doom from the start...we were just to clouded by greed to foresee what this mkt maker is truly up to. Devil at work
seriousl i only respect MCQ & none of our local investment banks.. Our local derivative instruments is designed with only 1 purpose: TO CON..not TO HEDGE Visit MCQ tutorial page & see how they're trying to dispel the bad reputation that SWs are sold to cheat retailer $$ At least they're trying to walk their talk..
All these pressing action may look like stock action being collected on the low (and lower).. Lulling us to believe a big rebound is imminent...1-2 cents probably, but WHEN? At 10cts? 8cts, 5cts? How far we willing to follow this mkt maker to depths of hell? Keep in mind HK is fighting against expiry..86 days is NOT a lot of time
I made thousands fr HK...now giving back thousands too...big deal. Painful yes, but highly necessary. And the lesson to not trust CIMB anymore
better buy and keep potential shares, run before too late, ya, market will crash but don't know when, esp contra players, beware. last time, I hold 2 to 3 days then KLCI dropped again like shit but now different story liao...may be drop 1 to 2 days then up 4 to 5 days
The SHREWDEST trader would be shorting over past 6days (includ today) just to breakeven & get the hell out before his/her capital get decimated...simply to survive. Let's not even dare dream of profitting....such is the might & sinister of a devilish mkt maker
Please look at the premium of each FBMKLCI call warrants and pull warrants. I dare not dare to touch looking at the premium they have. It is better for you to play index future.
Only C12 looks attractive now..ironically issued by CIMB I think they tend to issue as PUT but mistakenly made it a CALL...haha Sohai mkt maker..this shows how "adept" they are in setting strike targets..then simply put a 667, 666, 668, 700 whatever No wonder they losing so much money fr their trading division
Many many latest smartphones, car booking fee, home booking fee, handbags (& hopefully not personal loans) were lost thru this 0650HK alone...power huh, structured warrants?
20pts drop on Oct29 couldn't even lift it...in fact it gapped down 4-bids at opening!! 18.75% loss today Vs avg of 5-7% for all 0650H others.. Normal ka? Think i can describe the rain & haze behavior more accurately than for this CIMB toyol With all our 2-way punting skills, better to go trade FKLI & FCPO.. Less toyols to worry about
Don't blame CIMB, for quite sometimes,she has been helping to hold HK price around 0.21-0.24 which is above market reasonable price . At that times, you all should unload your puts already but still holding it until now. Preferred market maker in priority sequence : MACQ, KIBB, CIMB, RHB, MIBB. AM. For MACQ, you pay higher premium but the call/put warrant price is more sensitive to index up/down movement, in short - fair. KIBB not bad also.
I cut loss today. huge loss...but no choice la...Got to make this tough decision. wipe out all my gain and put me into negative territory.... Need to plan my strategy again. okok...no worries, go get a nice dinner and then make a come back
I like Kakashi honest .....u gained my respect n trust . Keep bullets even through u have lost some bullets . Overall ....we still have enough bullets to prepare for upcoming putties show .
Relax kakashi..as long as u still hv capital to roll out...no worries..market is always there..perhaps u r less than 30yrs..still a lot of bull n bear for your next 10-20years
I don't think it's called "blaming" CIMB per se...but more like having "trust issues" with CIMB from now on..
Helping to hold HK price for quite sometime? Apa cerita pulak behind HG? Meaning HW is also being on crutches now and prevented fr free-falling? Wow, what a red flag this is then...as with all their upcoming SW releases
Is it wrong to say that CIMB got spooked (plan derailed) by the Vcap 20bil news at the tail-end of Sep, hence stopped its mkt-making 'fair practices' so as to avoid terminal losses on their end? Meaning which they dumped everyt to operators...who in turn short kao2 for profit every few days; killing off retailers along the way?
OK OK blackface..I get ur point..just ckp straight to the point...Adik n Abang..dua dua kaki kencing ..hehehe...at last the whole family now..people x trust...:)
thanks for the encouragement..Yes, still got sufficient bullet to bring back those $$ Ive gone from -14k to +27k back to -8k and last month +38k and now, -11k. ..... bad bad trades...haha.. Well, time to breath a while and let it go again
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Posted by kimssiat > 2015-11-04 15:14 | Report Abuse
Wei Jie Yau So u play which warrants of Hsi now? U prefer which one?
Up: C11
Down: HQ