Some may ask , unker , y u can be so accurate on warrants , is there any insdiers news u got or r u a genius ?
FYI, Char Kuey Teow man can never be genius , char keoy teow man got no jalan, no connection , no style , no GF, nothing at all ! but what he knows is FA , he knows what is undervalue what is over price ^_^
I hv rec'd lots of email asking mkt has moved up too fast, should we sell it now ?
Well, as i said , I dun know where is d bottom n where is d peak ? but what i know is mkt is never wrong ! if u think mkt is too high n u sell off yr shares, later on , if mkt shoot up again, u r wrong , mkt is right ^_^ or u think it is too low, u jump in mkt comes down, once again, u r wrong n mkt is still right ^_^ this is what ppl called mkt will never wrong !
All these r just like telling me my mom is female ,buy low sell high , my pa is male... ha ha
Though mkt is never wrong but still I hv ways to deal with her ^_^ since i cannot beat her , i hv 2 join her ^_^ how 2 join her ? use kiddy TA ? of course NO ! d more u use TA d more u die !
D solution is simple :-
2 things
1) Fund allocation , monitor yr cash vs shares ratio
2) Sell n buy in stages.
U dun know where is d peak, hence sell in stages like what I did 2 pantech, alam n zelan .
Same goes 2 buy in stages.
U know very well, mkt will never goes below 900 liao..hence , u can allocate yr fund in 3 buying stages , 1,000 , 950 n 900.
K..come back 2 warrant
How 2 pick a good warrant ?
B4 i show u how 2 pick good warrant, i must oso show u my proven track records in warrants ( as per attached)
First , YTL-wb bot in year 2002 , cost 0.52 for 213 lots
sold all @ avg 1.60+ , Profit 200K+
Second Ijm-wb bot in year 2006 , cost 0.38 for 278 lots ,
sold all @ avg 1.20+- , Profit 220K +
Third , d latest one , YTLpwr-wb bot in 2008 , cost 0.49 for 100 lots.
sold all @ avg 0.76 , Profit 25K+
Total profit made from warrant = 450K+.. ^_^ how u like that ?
What is good warrant ?
3 criterias
1) Must be in money , what is in money warrant ? in money warrant is premium that u get after u minus out yr cost n conversion from its mom.
Example : Tgoff-wa
As at 8 May 09
Mom = 1.25
Tgoff-wa= 0.69
Conversion = 0.55
Hence, 0.69 + 0.55= 1.24
1.25 - 1.24 = 1cts , premium = 0.01/1.24 = 0.8%
Due 2 cost n time factor, any premium below 30% is still consider as in money warrant .what is premium 30% for Tgoff @1.25 ? d answer is 1.08 .
1.08 + 0.55 =1.63
1.63 - 1.25 /1.25 x 100%= premium 30%
In another word means d FV 4 tgoff-wa is 1.08 $$$$$$$
2) Future earning of its mom , take a look at my previous warrant purchase , all r bluechips , such as YTL n Ijm..d latest one is Tanjong offshore.. with its status of political link darling + orders in hand , I forsee its future earning shld be a good one.
3) Expiry date , expiry date must be at least 3 years n above , y ? simple.. cos u dun know what will happen 2molo , what if another 911 happen tonite ? once its mom dive from d sky, yr premium could gone with d wind oso, hence , longer expiry date is essential.
Alex lu has recommended a few call warrants in his blog , calculate yrself what is d premium u get n when is d expiry date ? u will know y i said it not wise 2 4low !
& oso , check out yrself , besides Ytlpwrwb, how many of d warrants in KLSE could meet d above criterias ?
Same old saying , We r not smart as warren n Li kar sing , I wish i can be like them , I want to work with them 2 cari makan but I got no chance, they dun even look at me at all ! so how ??
Since we cant cari makan with them..we can 4low their method , what make them who they r now ? that's d thing we need 2 learn from them !
Everybody wanna 2 be genius , but how many of us can be born as genius ? born stupid is not yr fault , just like me , though i am not smart but at least I know who n what method shld i follow , follow those smart ppl will never wrong !
D most sad thing is " u r less smart but still u think u r very smart ! ha ha like that god oso cant help u liaooo
^_^
What I did today ( as per attached ) :-
sold 5 lots of Pantech @0.82
sold 5 lots of Alam @ 1.18
sold 2 lots of zelan @ 1.01
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