Monday, April 11, 2011

Scalp Trades Dated 11/4/2011

1. Scalp trades today :-

SUNREIT - in 1.06, out 1.07

2. List of CWs for tomorrow :-


I screened through the above CWs and reasonable buying price as specified in the above last column BUT the market is in the down trend now, thus, bigger margin is required. Of the above, i think the best deal is MRCB-CC. Try monitor the market tomorrow and see MRCB has any up side, if so, think can buy in any price between 0.30 to 0.32 but please be cautious as the ratio is very low, the up & down price can be very fast and high and also the down trend market could still have force going down further. As usual buy at your own risk. Good Luck.

3. While i turn on my streamyx yesterday, i almost get myself electrocuted as the streamyx modem produce some electric spark causing power tripped to my house. I make a call to TM this morning and to my surprise the service is super fast, TM guy come to door step in the afternoon & immeditely i get a replacement of a new modem. :) smilie

12 comments:

davors said...

Note mrcb-cc expiring on 15/April

horse said...

davors,

yes, i do know that, that is the whole idea why i tress to buy only on tomorrow with some cash settlement premium. :) Good luck.

Thomas Foo said...

Hi Horse,

Tq for sharing great info :)

Good luck too!

Thomas Foo said...

Hi Hng,

Congrats! You made great contra profits on Maxis in less than 20 minutes yesterday, well done! :)

May I know how did you do it? Hope to learn from you :) TQ!

Keep up the excellent job!

Anonymous said...

Bought Hapseng at 6.00

Anonymous said...

Thomas SM

Maxis is one of the big cap blue chip always under my screen. Its immediate support is at 5.30, which is yesterday level. I scalp trade on Maxis because i know Maxis should have very limited downside risk as its still trade cum final dividend of 8senTE and plus upcoming 8senTE interim on May, already 3% net yield.

I'll likely do similar thing on Hapseng, as i bought it at at 6.00, which is its immediate support level.

horse said...

hng,

Good catch on Hapseng. :)

lofan73 said...

hng
the tricky part is the privte placement price. i dont wht is the price right now for that. as i know,cimb is the underwriter and the tentative date for the private placement ended 31/3.if we take the price at tht day which is 6.5 n the 10%discount will b 5.85. the bonus issue is 1 for 2. and the rights will b somewhere ard rm1.26 after 35% discount of 'TEAP'.hng,wht do think of the expected warrant price? if the dividend is rm0.22, will it include into the bonus issue? i'm still in a grey area.

horse said...

Market is heading south a lot. Watch out comrades. :(

David said...

BN is probably gonna lose the Sarawak's election

Anonymous said...

Lofan 73

As far as i know, the is no announcement yet on the completion of private placement and its price on bursa. I think to book building could be on the way soon.

About its subsequent bonus, right and warrant, ex-all price could be lower down and is some where around 1.90 and if management insist on its discount of 35% on its right share, then right will be at 1.25. or else it would follow the earlier proposal issue right at 1.46. Its warrant could be trading at premium at least 30% depending on its warrant exercise price.

Its final dividend of 22sen TE is based on its current share capital of 622.6m, after the corporate exercise, its share capital will be increase to 2.689b, which imply the shareholder only entitle about 5.1 sen TE

lofan73 said...

hng..i took position at 6.06.hve enter by stages..if not we will lose out.i reckon the placement is coming soon.

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