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SPC
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giantlow
Master |
23-Feb-2007 13:58
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SPC is quite well supported at 4.56 assuming that lot size above 10 belongs to the big boys there are 3 big boys trade at 4.56 49, 50, 10 |
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boonhow65
Member |
23-Feb-2007 13:54
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Singaporegal, I know you have been pessimistic the past few entries on SPC. But given the healthy volume and the high possibility of ending above $4.50 today, could this be the firm sign of reversal? At least uptrend till XD days at least |
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giantlow
Master |
23-Feb-2007 13:52
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billec... regarding your question, if SPC hits 4.60 at expiry. each warrant would be worth 2.5cents. so 100 lots of warrant would be 100,000 X 2.5cents lah. |
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giantlow
Master |
23-Feb-2007 13:49
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mine warrant strike price at 4.50. Almost all singapore warrants are european style and cash settlement. Meaning, u CAN NEVER exercise the warrant. At the expiry of the warrant. If the share is above the strike price, they pay u CASH! If not, the warrants expires worthless. U also cannot choose to cash out early cos its European Style. (American Style allows u to do so, but i have not seen any of that yet) |
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shplayer
Elite |
23-Feb-2007 13:38
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geojam, Thats the condition of the warrant...I am assuming its the DB warrant. There is another on expiring on the same day, I think ML warrant....exercise price 4.80...also 1:4 ratio.......If its the latter, then I think its more difficult for giantlow to break even. |
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chinkiasu
Master |
23-Feb-2007 13:35
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yes, and even if you lose.. there is always the fellowship of SJ to console you...... and this goes especially for Giantlow too..... |
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iPunter
Supreme |
23-Feb-2007 13:00
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As long as one plays small, (just like nickyng) |
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iPunter
Supreme |
23-Feb-2007 12:58
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As long as one plays small, (just like nickyng), one will enjoy it very much even if the pants get a bit wet in the process. Well done!!! |
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alexpenel
Member |
23-Feb-2007 12:51
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Hope it can maintain at least above $4.50. |
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chinkiasu
Master |
23-Feb-2007 12:50
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look at this Giantlow, there is still hope ....!!! One big guy is buying the warrant.. |
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geojam
Member |
23-Feb-2007 12:08
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Shplayer who established the S$4.50 conversion? and also the ratio of 4:1? thanks |
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billlec
Member |
23-Feb-2007 12:05
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thank u !shplayer,no wonder there r big amount of buy up in warrant today. |
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shplayer
Elite |
23-Feb-2007 12:00
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nickyng, I guess the HIGHS you get justifies the actions eh?? |
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shplayer
Elite |
23-Feb-2007 11:52
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billec, giantlow's warrant expires on 5 Mar 07. Exercise price 4.50. Ratio 1 share: 4 Warrant. So, if you have 100lots warrants, you can convert to 25 lots SPC at $4.50...i.e cough up $112.5K. This way, you will be in time for xd on 27 Apr....you will collect $8750 in divvy. |
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nickyng
Supreme |
23-Feb-2007 11:51
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haha...ya..crazy!...but bro...u never know...hee...anyway 3x not alot...just for the thrill :P |
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shplayer
Elite |
23-Feb-2007 11:42
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nickyng, Today, looks like not only wet pants....probably soiled too....i.e. lau sai....... you are one crazy fella....ha ha ha |
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billlec
Member |
23-Feb-2007 11:42
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shplayer, i didnt know warrant can collect divvy of 35cts?100lots mean i will hv $8750? am i right to say that? |
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nickyng
Supreme |
23-Feb-2007 11:37
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oops..!! shorted too early...wetting my pants now!! hee.... |
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shplayer
Elite |
23-Feb-2007 11:34
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giantlow, Just checked conditions of your warrant, if you exercise it, you need SPC to be 4.70 to break even. But, in my opinion, if SPC 4.60, better to exercise on 5 Mar...this way you hedge 50/50...and can collect divvy of 35cts.....works out to be 8.75 cts per warrant...you will be in the black. |
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iPunter
Supreme |
23-Feb-2007 11:31
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nickyng... hahaha... very soon you'll become a "shorting expert" !... :) |
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