Finally, yes finally, I have sold all my airasia-ce. Airasia-ce was the biggest part of my portfolio and it was the first time i put some much money on a single call warrant. I am so glad that it turned out to be a superb trade!I bought airasia-ce on 22 April (RM0.08), 6 May (RM0.125), 7 May (RM0.12), 15 June (RM0.09), 18 June (RM0.08) and 22 June 2009 (RM0.065).
It was really not my style to buy when it is near its resistance as i did on 6 May and 7 May. The reason behind this was because that Airasia was expected to announce its quarterly result soon, i was confident that airasia would release a great result, so i thought the resistance would be easily broken with the help of a great result.
I sold airasia-ce on 4 August (RM0.2 & RM0.205) , 18 August (RM0.19) and 19 August 2009 (RM0.19). I started selling on 4 August 2009 after the uptrend broken with big decline of airasia-ce (-20%) and airasia (-8%) on 4 August 2009. In fact, I sold half of my airasis-ce on 4 August 2009. I am glad i did that.
Airasia-ce is going to expire in another 10 days.
I am happy manage to get 113% profit in 4 months for the biggest part of my portfolio.
Ok, good luck.
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