SMLL Warrants-be careful

mark wrote:guys SMLL warrants going to be converted in 2012 jan first week,so be careful if you buys...

current price of SMLL N-35.5
current price of SMLL W-14.20

CONVERSION PRICE=30Rs
total cost for conversion-(30+14.20)=44.20

either SMLL N share price should go up or SMLL W price should come down........which has most possibility?


guys remind what happened to REEF,SEMB,CLPL warrants when the dates getting closing.......

gud luck

Rajaraam wrote:

mark wrote:guys SMLL warrants going to be converted in 2012 jan first week,so be careful if you buys...

current price of SMLL N-35.5
current price of SMLL W-14.20

CONVERSION PRICE=30Rs
total cost for conversion-(30+14.20)=44.20

either SMLL N share price should go up or SMLL W price should come down........which has most possibility?


guys remind what happened to REEF,SEMB,CLPL warrants when the dates getting closing.......

gud luck

mark,
good post. I appriciate it. I knew this situation and I didn't play with that. But some small investors are playing. Good that you as a person who has wider knowledg in share dealing advise our freinds in the forum . Thank you mark for your kind effort. This is how one can help our members.

monash wrote:mark hope you had a great time with it on past few weeks I also had some profit it with it recently. But whatever happen it's better not to touch these warrants again. It's better option rather than stuck on it and burn your hand.

mark wrote:

monash wrote:mark hope you had a great time with it on past few weeks I also had some profit it with it recently. But whatever happen it's better not to touch these warrants again. It's better option rather than stuck on it and burn your hand.

exactly. until dated notifies,
i still cant understand who was the idiot bought 100k at 14Rs,i also filled some of his buy order
SMLL may touch 40 or more,but prices will not sustain,so btr be careful trading..

amilaela wrote:

mark wrote:

monash wrote:mark hope you had a great time with it on past few weeks I also had some profit it with it recently. But whatever happen it's better not to touch these warrants again. It's better option rather than stuck on it and burn your hand.

exactly. until dated notifies,
i still cant understand who was the idiot bought 100k at 14Rs,i also filled some of his buy order
SMLL may touch 40 or more,but prices will not sustain,so btr be careful trading..

my frind bought @ 22 1000k now price become under ground what is your advise for him??

he should sell or convert?
can this one come to 20 level?

slstock wrote:

amilaela wrote:

mark wrote:

monash wrote:mark hope you had a great time with it on past few weeks I also had some profit it with it recently. But whatever happen it's better not to touch these warrants again. It's better option rather than stuck on it and burn your hand.

exactly. until dated notifies,
i still cant understand who was the idiot bought 100k at 14Rs,i also filled some of his buy order
SMLL may touch 40 or more,but prices will not sustain,so btr be careful trading..

my frind bought @ 22 1000k now price become under ground what is your advise for him??

he should sell or convert?
can this one come to 20 level?

Firstl, good Job Mark forecasting the warrant situation before it was too late. ( When it was in RS 14+ )

Amilaela,

There is a possibility that warrant can go up a bit before conversion with fluctuation, but it going back to Rs 22 will be very difficult unless there is high manipulation of warrants or the share itself will should go back to closer to Rs 50 to make warrants valued that much.
ALso these days there is price band on smll.

So it is best to tell your friend not hold breath and hope that it will go to RS 22.