
AIRASIA
Heh.. heh.. last friday. I did collect AirAsia, thinkin that it would rebound soon. My cut loss level - 1.55. The main problem with this counter is program sellin by foreign funds - because wrong decision in speculative crude oil hedging - With oil price touching US$100 per barrel and AirAsia’s short call option at US$82.60 per bbl, foreign investors sold the stock due to what some felt was speculative hedging. AirAsia has since covered its short positions with new long call options which should cover it at least until June 2008. AirAsia has since covered its positions
by buying Call options for 350,000 barrels at US$82 per bbl and also 200,000 bbl per mth at US$79.50 per bbl between January to June 2008. It also said that it has room to negotiate on the Short Call options every 6 months.
by buying Call options for 350,000 barrels at US$82 per bbl and also 200,000 bbl per mth at US$79.50 per bbl between January to June 2008. It also said that it has room to negotiate on the Short Call options every 6 months.

TOMYAM SHOOPPINNG LIST

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