Now is the low season for foreign call warrants as compared to Aug '07, where hkcw was hot! Are you still holding any warrants in hand?

Below are the linky you needed:

Call Warrants Info
(expiry date, exercise price, premiums, underlying, gearing, ratio, etc)

http://warrants.cimb.com/WRT/sheet.jsp
http://www.osk188.com/pageSW.jsp?name=SW_PricingTable


Monitor mothershares movements
http://finance.yahoo.com/q/cp?s=%5EHSI
http://www.aastocks.com/chi/nstockquote/ci...ndex_type=HSCEI


Real Time Warrant Watch
http://www.editgrid.com/user/kenlim88/HK-M...IUM_LIST_Ver1.0
(Credits to original author: kenlim88)

Let's share & learn together,
You glorious day with CW, your bad time with CW!

Together we learn!

This post has been edited by panasonic88: Jan 15 2008, 12:28 PM

I was one of the victim here, got burned.
Two reason why I was burned:

1) Buying at high price (when the party is almost finish, I entered)
2) Know nothing about CW, followed ppl buy
3) Did not set a limit to cut loss

Glorious days. with asiaep-wa and mulpha-wa. Mulpha-Wa is the first stock that i bought with real money.

It was back in January 2007 while the bulls still strong in Malaysia market.

To be honest, as a beginner, i am stupid enough to like stock which has high fluctuating movements. When market is hot, of cause this high fluctuating tends to go up and gives a high percentage of increase.

Generally, when a mothershare goes up, the warrants will follow as well (ignoring those warrants which the expiry dates are near).
But the percentage of increase of the warrant is much higher than the mothershare, due to warrant's price which is lower than their mothershare. Not suprising if you see the percentage of increase per day of 100-200%.

What comes in beginner's minds....
"WOW, this stock is good. I only need to pay like 1/10 (just an example) of the mothershare price, and i am able to enjoy same price increase as the mothershare. So what i need to do is just monitor the movements of the mothershare, but benefit from the warrants issued." Sounds good to be true..

But people must realise that warrants actually fluctuating down as well. And it is not surprising to see -100% or -200% on single day too. And it is worse when the expiry date is near and market start selling it lower and lower. Perhaps not sell, they throw to those who buy warrants without taking account their expiry date. hahaha

I did earn some fast cash in the beginning, but in the end lose all of them due to incorrect time of buying and selling. When market is hot, warrants are volatile and has high volume. Most of the time, warrants follow the trend of their mothershares. But what i don't know is the time to acquire or sell a warrant.

For example:
Mulpha-wa - 0.33
I want to buy 10 lots of mulpha-wa at this price.

Then at the same moment, a fund manager buy 3000 lots of mulpha-wa and increase the price to 0.34. (Yeah, cheap prices attract everyone. Don't ever think that only you eating the pie)

What i did is buy the 10 lots of mulpha-wa at 0.34, assuming that price is going up very fast, better get on the boat as fast as possible.

In a split second, another fund manager comes in and sell 5000 lots of mulpha-wa and decrease the price to 0.32. As i said, it can fluctuate high in BOTH ways.

Thats i when i grumble....OH NO!! I should have waited...

But sometimes when i wait, the price go higher and higher. All the fund managers are pushing price in the same direction.

That is when i grumble again.... ****!


What i want to say is that low priced stocks like warrants are easily played by big players. (fund managers,investment bankers or super rich people). The price can fluctuate so fast, and you could get burnt if you are not aware. From 0.34-0.33 may not be a big deal to big players. But to small players, at least for me, it does make my heart beat faster. This is when i make wrong decision based on my emotion.

And bear in mind, check the expiry date first before you look into any warrant!

IMHO.. Hope it helps

I've burned myself before in call warrants so after that awful experience, i vow to myself that i won't touch call warrants again. Bought 3 at RM0.50 and it expired~

Last buy got burned, thought it was the lowest, but CW have shown that there is no bottom. Somehow it went up a bit and I threw it, didn't want to but it was the logical decision. If I'd kept it until now, ....

However, overall still net return from all CW transactions.

---

Added on January 24, 2008, 9:07 am1. Thought it was the low price but it went even lower
2. same same
3. Didn't either at the start, but quickly got one.

This post has been edited by sinclairZX81: Jan 24 2008, 09:07 AM

Unlike stocks, CWs can be worth nothing so its bottom is zero (0.00)

PS: Stocks can be worth zero also if company is going to be burst or delisted.

This post has been edited by cherroy: Jan 24 2008, 10:07 AM

i got myself burn due to playing that time.
for example cccc-c4 i play in bursa gaem every minute i gain. then over joy with it buy then got trap. loast over 1.2k from there

Anyone here have experience in buying IPO of warrants ?

Why? Me got on Google-C1.

Does it has any difference compare to normal IPO of stocks? As far as i know, expiry dates are crucial in determining whether a warrants are good ones or bad. If you got an IPO of warrants ,would it be better than buying the warrants later, as during IPO the expiry dates is the furthest away. Cause i saw alot of warrants during IPO, prices shoot up in 100-300%. Correct me if i am wrong.

It has not much differences. But I don't quite understand your question regarding the differences compared to normal IPO of stocks. If I answered it wrongly, please bare with me.

Yes & no.

Yes, previously when in CW 'goreng' season, CWs are selling like hot cake. A Cw IPO easily can have 200-300% premium when listing.

No, now most CWs IPO are struggling even to have a premium when listing, some go backward where you lose money through IPO rather than gain one.

CWs are 'poisoneous' to touch in a bear or market plunge time. As normally it is issued at 15-20% premium on its mothershare, so it mothershare price doesn't catch up the premium in its lifetime (mostly) 7-9 months, basically, you are not going to make money through it (based on fundamental valuation) unless somebody willing to 'goreng' it.

Need a little help bout warrants there.

Using the links provided in this thread, I couldn't find the information on ANNJOO-wb warrant i.e. it's exercise price and premium.

Anybody has a better link for this? Even maybank trading portal couldn't provide me with the latest information.

Just curious, as of today, I believe annjoo-wb is trading at a premium relative to its mother share today if I remember correctly.Too bad short selling is not allowed for this warrant.

Has any of you tried exercising the warrant before? What are the steps in exercising a warrant?

Also something about call warrants, can somebody explain the purpose of strike price or exercise price?

I had an article somewhere about this but I couldn't seem to find it now.

I'll try to churn it out in layman's term.

Looking at sunway's warrant, sunway-wb, its exercise price is 1.30 with conversion method of 1 to 1 (i'm not sure if it's immediate) and the spot price for the warrant is 0.59. When you exercise the warrant, you'll pay in total rm1.89 for one mother share.

Current price of sunway holdings bhd is rm1.49 and thus you pay a premium of 40 cents for each warrant.

This post has been edited by jimmyttl: Jan 28 2008, 03:22 PM

Exercise price is 2.50.

Mothershare now : 3.30
Warrant (WB) : 1.44

From what i had seen and heard from most ppl,many lost their money in the so called"small knife chop big tree" tool such as call warrant and warrant as well.