We were able to find many good shares at very low prices, unnoticed to the crowd engaged in chasing bullish and popular shares.
For Eg. AHOT @ 25, BFL @ 20/- , NTB W @ 9 ...etc. they never came back closer to their original levels even in this dull market.
Mr. 'Marketwatch' became famous, predicting about BFL at early stages, many people earned millions because of him. Somehow, he was not that popular at later stages because of the PC house drama.
Later on, by watching bull fights in CSE, we shifted to other-means to select shares to earn quickly neglecting basics. Most of the times we never read a financial report before investing, bought this and that at any price by following others.
I Feel this is the time to start again, study stocks in various ways to identify future gems and share our knowledge.
I write this to discuss about REEF W19 and to share views with anyone who is monitoring it.
REEF Warrant 19 has three more years to mature. It was kept around 15 before facing the current situation. Failure of W18 and price drop of N share put W19 to the lowest levels.
I was monitoring it carefully and during last few days and I felt some people collected it while keeping its price to the ground. Today, about 150,000 was collected in a bit aggressive way.
I think people who bought it between 2/- and 3/- did it with definite understanding.
Bad effect of W18 will fade away after few days time. For next 3 years W19 is the only one of its kind in the market. ( apart from GREG which I do not study).
W19 = N - 40
Any suggestions?