Be patient with this counter. Maybe it need some more time, the longer it stays sideways like this, the more explosive the up-move will be. Just be patient, you will be rewarded handsomely. And I'm suspecting (expecting) China to reverse strongly and confidently today, but I may be wrong on this, because China is not my playground.
Even a caterpillar has to crawl for it's whole life before it can fly, -c22 has to crawl (sideways) before it can fly.
C12 is picking actively despite the exercise ratio and expiration in 2 months. C22 has higher potentially being in 2% premium, and expiration in 3 months, but buying is still weak. Syndicate not pushing yet.
Bursa must take action on this now, just received their feedback
Dear Sir,
Firstly, we would like to thank you for your feedback. We, at CIMB Warrants, always value and appreciate comments and feedback from the investing community that take interest in our warrants.
Warrant pricing is determined by many factors other than just the movement of the underlying index.. Even more importantly, the bid and offer price of the warrants are subject to supply and demand in the market and overall market sentiment. So for the list of the factors, please refer to the attached term sheet.
We noticed that there has been generous trading volume on FBMKLCI-C22 in January 2016 and the local index volatility has increased due to the volatile global market sentiment. Perhaps, investors are taking every opportunity to exit their long position as the FBM KLCI level moves up. As a result, it appears that the warrant price does not seem to be moving in line with the FBM KLCI.
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....
screwdriver
337 posts
Posted by screwdriver > 2016-01-27 09:02 | Report Abuse
I see market to rally until CNY, so no hassle to sell call this week yet.