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there s a premium for CIMB to press the price. let s estimate by end Dec, Top Glove is back at rm7.50, the warrant should worth 0.225. wait for it and cut loss at 0.225 instead of 0.195 now.
What's ur exposure? 100K shares 1000K shares?
100K shares on 25sen only cost 25K, cost to average down is 19K at 19sen. Total exposure is RM34K
1000K shares on 25sen cost 250K, cost to average down is 190K at 19sen. Total exposure is RM340K
If drop below RM6. It becomes 0. Losing RM34K is acceptable. Losing RM340K. Feels whole lot different.
Quite true also. Its up to u crystal depends on how Confidence u r to topg if u think its going to raise in the upcoming weeks then u just average down or keep it but If u think it will continue drop then u better just cut lost
C65, C69, C73, C77, C81 Expiring this month. Can't tell for sure what the bank will do.
But I will say Mother share quite cheap now. But can't find any good warrant to earn some quick buck.
Maybe first week Jan got chance exit. I bought 22sen, 20sen and sold 26sen and 23sen. Now queue back 20sen and 18.5sen. Hopefully, next jan can exit above 20sen.
I'm actually still collecting at 0.09. if u noticed the trend, whenever the recovery theme such as banks and airports and airasia uptrend, glove will go down. it only mean one thing that many traders actually cut loss and move their cash to those counters. it isn't about fundamental but purely sentiment for the past two months ++. it s a herd mentality.
