WOW !! 40% Return on Tenaga.

1. Today too busy at work, no time for market. Bad timing. :( With so good sentiment today i should at least make some money through scalp trades. What a waste. :( Hopefully tomorrow the momentum can continue. :)

Ok. Lets calculate the return of Tenaga-CP, as today is the final day. As expected, Tenaga stay flat but it is good enough to make money for me. :) Just too bad that it did not surge high in the final day else the profit would have been bigger. :) Nevertheless, still happy about it.

1) 3/3/2011 - RM6.30790
2) 4/3/2011 - RM6.31737
3) 7/3/2011 - RM6.2598
4) 8/3/2011 - RM6.2978
5) 9/3/2011 - RM6.2971

Actual Value of Tenaga-CP = ((6.3079+6.31737+6.2598+6.2978+6.2971)/5) - 6.24 X (1/8)
= 0.007

% return for now = (0.007-0.005)/0.005 X 100
= 40%

Not a bad deal with 40% return. :) I just hope that we can do the same for Maxis, as this guy is more liquid and steady, so potentially earning should be quite substantial if one can whack huge volume but be prepared to lose as well. Again the chances of lossing is slim. We will see then. :)

2. Tomorrow, try look at Bursa-CP, a) almost zero premium, b) mother stable between 8 to 8.20 for a while, c) market sentiment is good, d) mother down from 9 to now 8.13 down side low, f) very liquid for Bursa-CP, g) still long way to expiry :)

Wait for buy signal from mother share, when mother share goes up say 6sen and above, you can consider take in Bursa-CP at 0.19sen or 0.195sen as the conversion ratio is 6:1. Remember only meant for scalp play, don't keep. Good luck pals. Again buy at your own risk.