Borned on: 16/07/2010 09:00 AM
Died on: 22/07/2010 04:13 PM
Total living time: 5 trading days
BJCorp-JA should be given an entry in the Malaysian Books of Record for having the shortest lifetime in the derivative category.
Comparing call/put warrants against bull/bear warrants, the odds are better for the issuer of bull/bear warrants. Bull/bear warrants gives the buyer no hope if you get the direction wrongly. At least for the call/put warrants, you can still hope for the direction to go back to your way. Anyhow, it is a swift death to those that holds BJCorp-JA when it was terminated.
If you want to speculate on these bull/bear warrants, make sure that the premium is <2%. Bursa Malaysia Warrant Calculator may prevent you from over-paying. The cost for the calculator is definitely less than then cost of your mistake.