Monday, March 7, 2011

Scalp Trades Dated 7/3/2011

1. Today i went in Tenaga-CP at 0.005sen, couple of thousand lots, cost me less than RM1500.00 :) Today also the last trading day of Tenage-CP. The next 2 days is very crucial as this will determine whether Tenaga-CP is still in the money and is based on luck on Tenaga's share price as mentioned earlier. Just hope that the mother share can go up further in next 2 days so that we can remain in profit. :) Lets calculate the actual value of Tenaga-CP today :-

1) 3/3/2011 - RM6.30790
2) 4/3/2011 - RM6.31737
3) 7/3/2011 - RM6.2598

Actual Value of Tenaga-CP = ((6.3079+6.31737+6.2598)/3) - 6.24 X (1/8)
= 0.0069sen (obviously has dropped from 0.009sen)

% return for now = (0.0069-0.005)/0.005 X 100
= 38% (still can fetch this high return, not bad)

2. Have placed a buy order on CITI at USD4.48. Hope can get it. :)

9 comments:

David Chan said...

Any comment of POS-CA and POS-CB ?Both with premium 23%. Some good news about mother share from OSK.

lofan73 said...

deleum is slowly creeping up unnoticeable..

lofan73 said...

accumulate more cck at 71

Anonymous said...

Lofan

I'm in the midst of accumulating P.I.E, so far already bought at 3.98-4.06

Anonymous said...

Portfolio also add another new stock: bought malton at 58.5sen

Anonymous said...

Ha! just sold off Malton at 61sen, realize intraday profit :D)

Anonymous said...

With today stake of P.I.E, i've accumulate enough P.I.E at average price of 4.03. Based on its EPS of 40sen and net cash of RM 1.60/share, P.I.E afford to continue to payout 2/3 of its profit as dividend. I'm expecting dividend of at least 35sen less tax to be announce by end of this month

By the way, horse, I've yesterday re-enter Citibank at US 4.50.

horse said...

davC,

Avoid so high premium CW and very illiquid. Hard to trade as well. Overtime, the premium will get shrinking when expiry date draw nearer.

horse said...

hng & lofan,

WOW !! in buying spree huh. :)

I am yet to re-enter my C yesterday, set the price too low. Will try again tonight. :(

PIE & Deleum under my watch list. Good call pals.

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