New AM Call Warrants

4 new call warrants from AmBank will be listed on 6 April 2010:

New Warrants	Expiration	Type	Ex Price	Ratio
BJCORP-CB	28/12/2010	Call	MYR 1.6000	2 : 1
ANNJOO-CA	28/12/2010	Call	MYR 2.6000	4 : 1
WASEONG-CB	28/12/2010	Call	MYR 2.6500	3 : 1
GENS-C6	28/12/2010	Call	SGD 0.9000	3 : 1

8 New CIMB CW

8 new call warrants from CIMB will be listed on 25 Jan 2010:

New Warrants	Expiration	Type	Ex Price	Ratio
GENS-C4	12/1/2011	Call	SGD 1.2000	3 : 1
BYD-C1	12/1/2011	Call	HKD 68.0000	50 : 1
TENCENT-C1	12/1/2011	Call	HKD 160.0000	160 : 1
JIANGXI-C1	12/1/2011	Call	HKD 18.5000	10 : 1
HSBC-C6	12/1/2011	Call	HKD 88.0000	40 : 1
CHALCO-C2	12/1/2011	Call	HKD 9.5000	8 : 1
BHP-C1	12/1/2011	Call	AUD 42.0000	125 : 1
ANZ-C1	12/1/2011	Call	AUD 21.5000	60 : 1

Anyone wants to buy my Bursa Malaysia Warrant Calculator?

Enhanced Warrant Calculator Database

I have updated my Bursa Malaysia Warrant Calculator with selected call/put warrants that are listed in Hong Kong and Singapore (see figure above). This gives traders a mean to compare how the same warrants is being valued in other exchanges. I'm now searching for a brokerage that allows me to trade through Internet the Hong Kong warrants. There are so many warrants in Hong Kong. I would say Hong Kong is a warrant heaven! Well, if you cannot get to trade put warrants in Malaysia, might as well move to Hong Kong markets.

Look East, Look South, Look West, Not Here

Number of weekly bulls still not much change. Currently at 51. They are:
AHP ASDION ASUPREM ATIS BAHVEST BTM CHASE DELLOYD DFZ-PC DKLS FRB GFB GOLSTA IBHD INGENS INIX IRMGRP JERASIA KKB LPF MAGNUM METACOR MILUX MITRA MLAB MSC MTDINFR MUDA NALURI NCB NESTLE NTPM PACMAS PAHANCO PARAGON PICORP PORTRAD PUC RAPID RAPID-WA SCOMAL SEQUOIA SITATT SRII TAKASO TEXCHEM TIENWAH TMCLIFE TRACOMA TSM WARISAN

From the list, looks like nothing is interesting at all. The number of weekly bears is currently at 718. The blue chips are not worth having now, the main indexes are still dropping.

Nothing much for KLSE stocks but there is a possibility for rebound play for foreign CW:
Looking east: Chmobil, ICBC
Looking south: Capland, DBS
Looking west: Exmobil
Some of these CW are in the money or almost in the money. Due to bad market sentiment, the premium is quite "cheap" but timing is the problem. Can it move up in 2-3 months time? I'm in ICBC and Exmobil CW. Still stalking the rest. I'll play small only to sharpen my skills. Dare not lose my trouser.

Bull vs Bear (14 Sept 2007)

Bull vs Bear

All increases in number. I'm more bias towards a bearish view since I have immerse myself with so many bearish articles. US seems not dropping. Some last minute support. Just like KLCI. It seems that it doesn't cost a lot to buy a few lots to support the index.

Anyway, there are not many opportunities (yet) for KLSE. However, for the foreign CWs, it is making new high everyday. During the previous month downtrend, I sold most of them except Chlife-C1, ICBC-C3 and Petroch-C3. Last week, I added a few position after seeing that HK listed red chips are quite resislient to what was happening in the US. I missed out most of the action because the price was moving very fast and I was not able to find any good stop level. Furthermore, my bearish beliefs stop me from taking a bull position. But after observing the HKeX reaction to the US market, it seems that the players there is disregarding the US but is paying more attention to PRC.

My interpretations are as follows:
BOC: Cannot move up yet due to subprime investment. Still in base building mode.
CCCC: In uptrend. Daily RSI in 60s, so should go up some more. I'm looking at CCCC-C1 if it continues up.
Chalco: In uptrend but after that superb run, consolidating now. No signal yet of continuing uptrend.
Chlife: In uptrend. Daily chart may indicate the continuation of uptrend after 2 weeks of consolidation. I'm still holding Chlife-C1, the problem with this is that the volume is extremely thin.
Chmobil: In uptrend. All CWs are worth trading.
Cnooc: In uptrend. Cnooc-C1 premium is consider high if you compare it with other in the money CWs. I'm trying to get into this one.
HKEX: In uptrend. Those that bought will be really happy.
HSBC: Trendless.
HWL: In uptrend. It may be ending it's consolidation in a week or two. I'm keeping an eye on HWL-C1 which is back in the money.
ICBC: Trying to break 5.20, then should zoom up. But the subprime is still weighting on it.
Petroch: In uptrend and in a clearly defined channel. I think that it has just broken out from consolidation. Currently, the upper channel is at 13.00. I have added some position in Petroch-C3 and will add more when the price moves further.
Shenhua: In uptrend, runaway. Go up too fast.
Sinopec: In uptrend but currently building a new base.

Besides that, Singtel looks like it has broken out of consolidation and making new high. Singtel-C1 is a good ride. I'm going to get into this one also.