Have just make a swap of my PBBANK at RM8.25 to PBBANK-01 at RM8.05. This swap will in turn make me some small contra pocket money. Have finally adopting "elmo1988" method....Will definitely making a swap back if price of "01" is higher than the local...
17 comments:
Bought Pbank-01 at 8.10.
Good idea! just apply swap share and make money by take advantage of share price different.
The volatility of 01 is much higher than local. Will think to apply your tactic to swap share if 01 fail to perform.
This is very weird that today top gainer is Lonbiscut in low volume. It is typical market maker try to push up share price as much as 25% in quite market.
during good market 01 tend to be higher (about 20%) than the local, price normally go in tandem for both 01 and local. Any price diff will definitely benefit each other.
lonbisc !! wow, retailer/FM must be making use of the new BTS system to thier advantages by applying pre closing price (15minutes b4 closing) and jack the price up, then the trading at last price will not change and stood for the last 15 mins...is it good or bad ??
will try queuing resorts again tomorrow, price around 2.15 - 2.17.
Market should be up today...
Finally, resorts rebound today after 4 consecutive downturn. Again resort gain support after its test floor price of 2.20. Market sentiment for resorts will likely pacify after management having 2 conference call with fund manager in regard to related party transaction and reaffirm their committment to safegurad the interest of minority shareholder. Another news come up with likelihood Genting/resort bid for Taiwan casio right in one of its island
BTS system is just temper off already depress market volume, as last 15 min unchange preclosing/open price distract investor and discourage any tempting buy/sell momentum. Its also fail to stop market manipulation for low volume counter.
"Its also fail to stop market manipulation for low volume counter."
This statement is quite true, it reflected on lonbisc. I don;t quite like the idea of the 15 mins unchange pre-opening/closing price...another word trading has been shorten by 30mins (1st half 15 mins & 2nd half 15 mins)
Your are right, fund manager already complaint lengthen bursa trading hour as one of cause lacklustre market volume. Bursa introduce BTS system indirectly solve this problem! Pro and con of this system will surface and fund manager will make another theory to justify their call again....
market quiet, can't trade, withdrawing all orders...take a rest.
Contra on PJ development. Bought AXREITs at 1.15 and average down my holding cost to 1.19.
No trading, market quiet holiday ahead on monday.
me too, no trading...
Crude oil slump to below US45, and yet our pump petrol still at RM1.90, more expensive than net importer US, price at US47sen (RM 1.7)! Gov should liberalize petrol market and let player to compete and command market share.
Sold PBank-01 at 8.25 and solf off remaining Amway in my core portfolio at 6.85. Raise more cash for next hunting. Happy holiday...
no trade for me....
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