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0.070 -0.010 (-6.67 %)

High: 0.080     Low: 0.070     Vol: 132,100 Average Vol: 3,709

last updated: 1-Nov-2017 4:56 PM

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[MTOUCHE-WB] Premium: -17%, another TMS-WA??

MTOUCHE-WB (RM0.145 on 16/3/2012):-
1) Underlying share price= RM0.50
2) Exercite price= RM0.27
3) Expiry date= 16/03/2020
4) Cnversion ratio is 1 for 1
5) Premium= -17%

Based on above information, is it MTOUCHE-WB is good trading buy, since premium is -17%?

Or is a trap, like TMS-WA?

But shall be consider on 16/3/2012, total direct deal of 15,000,000 share (Average price RM0.40, 6.6% of share issued for MTOUCHE) has been done.
Has a amazing run, closed price 26 cents. What is next for MTOUCHE-WB??
the low volume should raise a red flag.
still not see red yet and in upleg
True. Red flag means warning. If you've a big appetite for risks, buy by all means. As for me, I wouldn't touch it. All the technicals are against it. RSI and stochastics are over bought for a week or so and are showing signs of dipping. So is the MACD. Price-wise it has been outside of the outer Bollinger Band for two consecutive days now but the price is not supported by high volume. Volume has remained low which is worrying. I feel that it is in for a crash fairly soon. Of course, I may be wrong. There is always this 50% chance of one being right and wrong. I'm also speaking from my own experience. Cheers.
Bro, actually I agreed what you are mentioned (Already over brought). But if mother share break 52 cents (currently mother share try to break), I guess it will try to touch 30 cents soon. But may be I am wrong. see what market action.
Happy trading!
As I see it, there is very little upside as its year high is 0.28. I haven't done a thorough fundamental analysis on this stock largely because I'm not attracted to it. In any case it has poor fundamentals. It lost RM4.66m last year. Its NTA is 0.09 and it has negative EPS at-2.05. It closed today at 0.505. At about 6 times its NTA, I would think that this stock is overvalued judging from its performance. Its year high: 0.52. It looks like a highly speculative stock.

Perhaps you would like to look at Dayang which is on the rise. I bought some at 2.00 and 1.98 yesterday before it fell to 1.94. Today it closed at 2.01. Also Digista and Leesk are looking good with a bullish engulfing candle. Cheers.
MTOUCHE can be group as "crazy" stock, same as Cybert, N2N, Sersol, etc. NTA for the stocks mentioned were also very low. For example, NTA for Cybert only 6 cents and making lost company, but currently share price is 79 cents. I not encouraging to buy any MTOUCHE or warrant share, but for me, I stick what I saying, MTOUCHE will break 52 cents in short term.

Dayang, Digista and Leesk is profitable company, I agreed. But I prefer looking for FFHB and FBO, relatively good EPS.

Happy trading!
Agreed. All the best.
Yes Bro, All the best. Currently very weakness of our market. We can see 2 stocks related with UMNO/ BN broke their strong horizontal support, namely MRCB and UEMLand. Becareful for the market now.
Yes, indeed. Unfortunately I've not been able to read the charts right most of the time. On average, I'm losing a little money on TA. Only the last few months did I manage to cash in a little on TA of CIHdg, Dayang, Padini and Oldtown. I'm more comfortable with fundamentals and I've been able to make some money here by holding on to fundamentally sound stocks. Last year I lost some money (twice) on TA of Mrcb. I'm glad I sold to cut my losses. Or else I would have quite a big paper loss by now. Mrcb has fallen to its lowest since last October, and its chart seems to suggest that it can still fall further. Its year low is 1.48. I'm tempted to buy largely because I'd like to recoup my losses on this stock and try to make some money from it. Cheers.
:), luckily I still make profit in the market so far. But If follow one rule: Buy low (don't chase high), I confident we still can make money in the weakness market.
Today MTOUCHE already hit 55 cents
Yes, indeed! You're right. This is crazy as it defies all logic. As I said this is a highly speculative stock. I'll never go for such stocks because I had burnt my fingers before on such stocks. Stocks that I won't buy no matter what the charts say are those of the likes of harvest, aglobal, etc.
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