CSF. W are supposed to convert at Rs 12.
Share is trading at Rs 8.7 today. So the warrant are worthless.
If you are playing with CSF warrants, i believe they are supposed to expire in a few months. So this is just reminder to play safe
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slstock wrote:
I really hope retailers took note when I posted this today.
Warrants are now 0.6 and no buyers!
50% drop in few hours.
slstock wrote:Just so you guys know what you are doing.
CSF. W are supposed to convert at Rs 12.
Share is trading at Rs 8.7 today. So the warrant are worthless.
If you are playing with CSF warrants, i believe they are supposed to expire in a few months. So this is just reminder to play safe
SL.Market wrote:slstock wrote:Just so you guys know what you are doing.
CSF. W are supposed to convert at Rs 12.
Share is trading at Rs 8.7 today. So the warrant are worthless.
If you are playing with CSF warrants, i believe they are supposed to expire in a few months. So this is just reminder to play safe
You did the great job here for avoid some people going into the trouble...
investor1984 wrote:SL.Market wrote:slstock wrote:Just so you guys know what you are doing.
CSF. W are supposed to convert at Rs 12.
Share is trading at Rs 8.7 today. So the warrant are worthless.
If you are playing with CSF warrants, i believe they are supposed to expire in a few months. So this is just reminder to play safe
You did the great job here for avoid some people going into the trouble...
CSF is heavily manipulated & highly over valued share... But I dont understand the rationale behind today's sudden crash of CSF.W ( Some might say that no basis is needed for this type of share to fall .. AGREE) , still ....
Exercise price for Warrant is RS 12.. So technically this has no value bcoz the Voting share is trading @ 10. But There was no reason for Warrant to go down by 60 cents bcoz voting did not go down as much..
No news of directors disposing the Warrant is still informed to CSE , Today's Warrant trading quantity is no way near a directors dealing quantity.. So I assume that all the big shots who holds the Voting share is still holding the Warrants too.. So I was wondering whether .. Is this a start of another manipulation??? Is someone trying to collect Warrants expecting a rise in the price in Voting share in the near future???
Is someone or group of people getting ready to push the CSF.N above Rs 12???
( But my personal opinion is CSF.N & W is not a share worth keeping in portfolio if u expect a good night sleep )
To clear my point again... I AGREE WITH U ALL THAT CSF.N & CSF.W are CRAPS.. But what I am trying to say is something fishy is goin on... BCoz there is no reason for Warrant to crash this much today ( I am not saying that Warrant is worth more than 60 cents ... For it to go down today... There is no reason )
Redbulls wrote:investor1984 wrote:SL.Market wrote:slstock wrote:Just so you guys know what you are doing.
CSF. W are supposed to convert at Rs 12.
Share is trading at Rs 8.7 today. So the warrant are worthless.
If you are playing with CSF warrants, i believe they are supposed to expire in a few months. So this is just reminder to play safe
You did the great job here for avoid some people going into the trouble...
CSF is heavily manipulated & highly over valued share... But I dont understand the rationale behind today's sudden crash of CSF.W ( Some might say that no basis is needed for this type of share to fall .. AGREE) , still ....
Exercise price for Warrant is RS 12.. So technically this has no value bcoz the Voting share is trading @ 10. But There was no reason for Warrant to go down by 60 cents bcoz voting did not go down as much..
No news of directors disposing the Warrant is still informed to CSE , Today's Warrant trading quantity is no way near a directors dealing quantity.. So I assume that all the big shots who holds the Voting share is still holding the Warrants too.. So I was wondering whether .. Is this a start of another manipulation??? Is someone trying to collect Warrants expecting a rise in the price in Voting share in the near future???
Is someone or group of people getting ready to push the CSF.N above Rs 12???
( But my personal opinion is CSF.N & W is not a share worth keeping in portfolio if u expect a good night sleep )
To clear my point again... I AGREE WITH U ALL THAT CSF.N & CSF.W are CRAPS.. But what I am trying to say is something fishy is goin on... BCoz there is no reason for Warrant to crash this much today ( I am not saying that Warrant is worth more than 60 cents ... For it to go down today... There is no reason )
Only reason disappointment of the market nature, most of the pigs were thinking that craps also fly like bluechips in the so called bull run.
slstock wrote:
I really hope retailers took note when I posted this today.
Warrants are now 0.6 and no buyers!
50% drop in few hours.
hariesha wrote:slstock wrote:
I really hope retailers took note when I posted this today.
Warrants are now 0.6 and no buyers!
50% drop in few hours.
They took note of your post and decided to suicide. Is that what had happened?
"Warrants are now 0.6 and no buyers! "
I don't have anything against you; but I think you have deprived the chance for them to sell slowly as what happened during last several days. It took about two weeks to come down to 1.10 from 1.50 and less than one hour to erode another 50%.
As I and slstock have posted earlier in this topic, market has shown the risk factor of CSF.W21. For those who still hold the W21, the last trading day may be 14th of next month. Payment by 1st week of July. As someone has posted about directors holding, I think they have sold much earlier, when the warrant was above 3/-. Probably they may buy back in the coming weeks at lessor prices as what happened in last REEF conversion.
slstock wrote:Hariesha,
I am not sure what you are getting at with regard to " I think you have deprived the chance for them to sell slowly " You make it sound like I am the cause for this fall.
I started this post to educate newcomers/retailers in February. Yesterday I only reminded as a social obligation since many newcomers buy warrants without knowledge ( beacuse it is cheap) of what they are getting into.
Before I resurrected this topic, I saw the price dropping from rs 1.2 to 1.1/1.0 and that what triggered me to remind again.
If my post had an effect to retailers , then they had months to notice it and also millions of shares were trade between Rs 1.1 - 0.9 after I posted before it went to Rs 0.6 ( any retailer if following the post could have got out then if that was the concern) .
Now whether manipulators have an idea to collect lower and push price up I dont; know. Yes It can happen.
But my message is simple
Newcomers,
1) Know the present situation with CSF warrants . There is possibility for this to drop to Rs 0.1 and as well as a possilbity a manipulator to take this higher again ( big capital gain)
2) If you buy Warrant and plan to convert you have to pay Rs 12 for CSF.N. But CSF Rs 10 at this time. Can CSF so to Rs 13 and warrants to rs 1 again. I don't know.
It is a risk you take.hariesha wrote:slstock wrote:
I really hope retailers took note when I posted this today.
Warrants are now 0.6 and no buyers!
50% drop in few hours.
They took note of your post and decided to suicide. Is that what had happened?
"Warrants are now 0.6 and no buyers! "
I don't have anything against you; but I think you have deprived the chance for them to sell slowly as what happened during last several days. It took about two weeks to come down to 1.10 from 1.50 and less than one hour to erode another 50%.
As I and slstock have posted earlier in this topic, market has shown the risk factor of CSF.W21. For those who still hold the W21, the last trading day may be 14th of next month. Payment by 1st week of July. As someone has posted about directors holding, I think they have sold much earlier, when the warrant was above 3/-. Probably they may buy back in the coming weeks at lessor prices as what happened in last REEF conversion.
investor1984 wrote:We are living in country with a small market... Direction of the market can be changed by few people the way they want... We dont have market players in this market... So who have enough money can send a stock sky high or crash & burn... Pivot tables, head & shoulder patterns , resistance , support level.. Do they really apply to our market??? What was the support level of the CSF.N & CSF.W... what was the resistance level??? What happened to those???
Gainer wrote: high risk and high profits, i bought yesterday 300000 at .40 tomorrow i will sell 1.80
Last edited by Chutta on Wed May 29, 2013 4:53 pm; edited 1 time in total
Gainer wrote: high risk and high profits, i bought yesterday 300000 at .40 tomorrow i will sell 1.80
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