Monday, October 22, 2007

Use your brain, not your feet...

WOW, what an incredible opening for today's 4 HK CWs! Pls refer to the table provided earlier.
ChMerch-C1 at 19.5 sen fetched 46.1%, HKEX-C4 at 34.5 sen 55.4%, Zijin-C1 at 19.5sen 55% and CHCBC-C1 19 sen is 34.1% premium.

The prices are TOO BULL to pay for.

Pay more attention to CHLife-C4, currently trading at 68sen, 10 to 1, Exe. price at HK36.88. Premium is only 2% ! Expiry date is 23/5/2007. Too good to be true!

But, this ChLife-C4 is issued by CIMB, seems like those CWs issued by CIMB received luke warm respond by the market especially retailers. What's wrong with CIMB issued CW? Any one know why?

Remember to bottom fish if the market continuesly dropping for 3/4 days!

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