Advertisement

Thursday, February 22, 2018

TOYOINK: Magic At Work


If Wishes Were Horses, Beggars Would Ride On Them

This morning TOYOINK broke above the horizontal line at RM0.85 and rallied to close the gap made in early 2013 at around RM1.05. The volume is decent at 3.7 million at the time of writing this post (11.20am).


Chart 1: TOYOINK's weekly chart as at Feb 22, 2018_11.12am (Source: Malaysiastock.biz)

The rally in TOYOINK has caused a sharp rally for TOYOINK-WA. The latter jumped from RM0.005 to RM0.135 now. You may ask, Why was this warrant so cheap? That's very good question. And the answer: It is due to expire worthless in 57 days... until now. With an exercise price of RM1.50, the chance of this warrant attaining any intrinsic value is pretty slim. In a market deprived of good trading opportunity, even dicey opportunity mustn't go to waste. I presume I don't have to say what you shouldn't do in this situation.


Chart 2: TOYOINK-WA's weekly chart as at Feb 22, 2018_11.12am (Source: Malaysiastock.biz)

[UPDATE] I better say it; Stay away or walk away from TOYOINK-WA. If nothing good is forthcoming in TOYOINK, the share price would drop back. And, TOYOINK-WA would not only drop back, it would tumble back quickly to RM0.005.  


No comments: