tag:blogger.com,1999:blog-18183714.post1534155868717921220..comments2024-03-08T20:25:35.963+08:00Comments on Malaysia-Finance Blogspot: SalvadorDalihttp://www.blogger.com/profile/06868577716920232901noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-18183714.post-8058597957503660652007-09-27T15:52:00.000+08:002007-09-27T15:52:00.000+08:00i would say that some of the CWs issuers are very ...i would say that some of the CWs issuers are very 'dirty' especially when the expiry of each cws gets closer. Take for example genting. The price of this stock was subbornly supported at 7.80 before the final suspension of trading of its cw on the 26th sept. Knowing that anything above 7.80 the issuer have to fork out some form of returns to those holding the cw. So somehow even the news about landmarks (genting's associate company) possible casino license only got out right after the 26th. Two days after the final trading of its cw, genting is now trading at 8.10<BR/>There are many examples of trading irregularities in corelation of underlying mother shares and its call warrants.<BR/><BR/>What we can learn from here is that we should not overly expose ourselves to such trading instruments when it could be easily manipulated by the issuer itself. <BR/><BR/>Now on the other hand overseas call warrants are different. With bigger market caps, our big boys are 'ikan bilis' or 'chicken feet' compared to the bigger international boys.<BR/><BR/>My personal view is to stay CLEAR of local cw and go LONG on the foreign ones.hellthy correctionhttps://www.blogger.com/profile/09542869924024288827noreply@blogger.com