@smallville wrote:Jana, where was ur base when u followed CIFL?? CSF too???
There's no intrinsic value to warrants.. Since REEF is going at cheap REEF.19 has no value at even 0.10 but its always a play.. Previously it hit 2 and went up and few stories repeated as such. So with these kinda shares, some indicators like 14day MA or even MACD might not work.. But looking at chart histories, there are other facts to consider at what price this looks attractive in history. So the similar patterns, trends only we have to deal with in these kinda warrants..
@Small, CIFL and CSF also depreciating investments unless they turnaround..I didn't advice any1 to keep away from reef. I said present price is not right time. I buy high and sell high for following shares where I made good profit in twod (twice),cifl and csf brokerage lost.. PCH no idea at all, nw dr,s gives sum hopes...I will play with reef, but not this price, if it move up I will let it go. Let me give u what I mean by buy high sell high. I bought TWOD at 3.9 when it get back from 3.5 and traded 6 mn qty. That was da lowest ever. I was pretty confident that buyer should push up I got decent profit. In previous rally it came to new low about 5.5 then made rally on following days from 6.3 trading over 6 mn qty. So at that time I bought few ten thousands qty and sold from 7.3-8.3 range if I remember the highest correctly..Even I disclosed this on that same day. Even CIFL and CSF gave me good indication when I bought but I got exit with brokerage lost as I wasn't sure about the buying pattern... For me Reef is not is da buying region at the moment. Even if it goes 1.2 sumtimes I may not buy, but I may buy at 1.6 if I could figure out it could run. I am pretty concentrate on making profit rather losing on spec shares..