Hi arthur ... still in play and I did enter 'pre-reversal' ... on 11/11/02 when CBA was $26.52 into CBAWOM at $0.008 (I/Vol 31.25%)
Now, this morning CBA opens and moves up to $27.58 or up $1.06 (+4.0%) on the Monday's entry point.
CBAWOM showing a Bid of $0.006 or DOWN 25% on my cost (should have been $0.01889 for 136% profit) and the rest for the day go thru at $0.005 or DOWN 58% on the previous close of $0.012. Showed $0.004 before returning to $0.005.
Stock up 4.0% ... Warrant down 58% ... in simple terms, I should have been up $1800 not down $800 ...
Citibank have screwed me for $2600.00.
CBAWOM (at I/V 31.25%) has a crunched FAIR VALUE at Close today $0.01355 or up 69.4% on my purchase price.
It was a carefully thought thru trade according to my strategy and risk profile ...
I have been watching CBAWOM for awhile now and Citibank have been good with I/Vol and spread ... too bad they decided to pull a sh*tter now ...
Traders accept small changes to I/Vol by MM's ... however, Citibanks CBAWOM I/Vol 31.25% to 26.00% in 24 hours is a complete rip-off sh*tter ...
I did make mention of CBAWGM (it only issued on 08/11/02) as a value pick for later as it has a 03/03/03 expiry and I/Vol of 21.86%.
Tomorrow is another day ...
Seems pointless crunching the value Warrants and posting them here as HC's are only liable to get ripped-off by Issuers ...
I might use BC instead to microscope Issuer's sleazy behaviour and as I did in the case of HDR (Macs I/Vol 120% ... HDRWMA/B) and expose potential rip-off's.
It is time the ASX intervened and set some rules governing the blatant manipulation of Warrant Market which make a joke of BSOPM modeling which even according to ASX guidelines is there as the CONFIDENCE reference for all.
Cheers ...
This is only my view ... read the red stuff.
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Last
$132.60 |
Change
-0.180(0.14%) |
Mkt cap ! $221.9B |
Open | High | Low | Value | Volume |
$131.35 | $132.60 | $131.20 | $235.9M | 1.784M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1325 | $132.54 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$132.60 | 17326 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1325 | 132.540 |
1 | 1259 | 132.350 |
2 | 2125 | 132.180 |
1 | 2125 | 132.110 |
3 | 272 | 132.100 |
Price($) | Vol. | No. |
---|---|---|
132.660 | 172 | 2 |
132.680 | 2125 | 1 |
132.700 | 20 | 2 |
132.750 | 2425 | 2 |
132.780 | 492 | 4 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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CBA (ASX) Chart |