KNM-CE - in 0.22, out 0.225 :) throw too early else could have make 1c
MPHB-JA - in 0.30 :( did not manage to sell, would need to carry trade to tomorrow. Should have bought this at 0.295 but meeting cause me 0.005c bid higher. :( Hopefully tomorrow can sell.
2. Happy Chap Goh Meh. Today is the last day of CNY. Wishing everyone meet his or her Mr/Mrs right in this Chap Goh Meh celebration.
3. Sharing a bit of my personal experience in trading call warrant. You need to be fast in your execution and must have time to monitor, the trick is don't be greedy (try to earn half to 1c for start) and need lots of patient. Once you spotted a counter, monitor closely, if the mother share tend to go up you must pay attention to its associated call warrants. Look for those giving most liquid one. Try avoid newly listed call warrant if possible because their initial premium offered normally is very high, the only advantage is they have longer period of expiry date. Look for those low or negative premium call warrant as this could turn to your advantage when they expired you still tend to earn some money through their cash settlement exercise like what happen to my GENM-CL, of course this may not work all the time, you may pay your price if mother share go down sharply. Another point to take note is it conversion ratio, the lower the better but this is a double edge sword, it can go in-line with mother share fast and it also can go down fast as well. Study the ratio, for example, if 2:1 ratio mean mother share need to go up 2 sen for 1 sen up of call warrant. If you happen to see mother share up too much that not on par with call warrant (e.g mother up 4sen but call warrant merely up 0.005sen for a ratio of 3:1), then it is good to buy in call warrant for a catch up later. Of course this is in ideal situation but we have to be sensitive toward the relationship between mother and call warrant share. Not all the time will work but chances are very high. Hope i can share more next time. Till then good luck.
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