COE biddings gone mad
- Thread starter seanhuang129
- Start date
Re: COE biddings gone mad
I love my car!
After I decided to take my car off the market, I spent quite abit of money to do up the car:
1. changed aircon compressor
2. flush aircon syste,
3. change battery
4. change starter motor
5. change bolt pipe for starter motor
6. flush gearbox oil and power steering oil
now my Yam5 drives like a new car.
And I still find F10 fugly. Irrelevant
I love my car!
After I decided to take my car off the market, I spent quite abit of money to do up the car:
1. changed aircon compressor
2. flush aircon syste,
3. change battery
4. change starter motor
5. change bolt pipe for starter motor
6. flush gearbox oil and power steering oil
now my Yam5 drives like a new car.
And I still find F10 fugly. Irrelevant
Last edited by a moderator:
Re: COE biddings gone mad
Talk so much. You want to dump your mistress but she has her tied to your balls. In the end, end up keeping and maintaining her. Yes, F10 is fugly. I agree..
MW;597140 said:
Talk so much. You want to dump your mistress but she has her tied to your balls. In the end, end up keeping and maintaining her. Yes, F10 is fugly. I agree..
Re: COE biddings gone mad
Charting this makes no sense unless the underlying (COE) is a liquid "asset" freely tradeable.
In the case of COE, government intervention on forward quota skewed the supply, and the dealerships are not 100% reflective of true demand of COE - more of true demand of cars. In that sense, COE is at most a derivative of car demand.
One can at most gather a sense of momentum (or euphoria), not trend, not resistance or support levels - it is meaningless in that sense. [Hence the chart shows lots of steep gradient spikes and dips].
Charting this makes no sense unless the underlying (COE) is a liquid "asset" freely tradeable.
In the case of COE, government intervention on forward quota skewed the supply, and the dealerships are not 100% reflective of true demand of COE - more of true demand of cars. In that sense, COE is at most a derivative of car demand.
One can at most gather a sense of momentum (or euphoria), not trend, not resistance or support levels - it is meaningless in that sense. [Hence the chart shows lots of steep gradient spikes and dips].
Re: COE biddings gone mad
Having said that, I think most dealers are able to have access to more information that will allow them to ascertain the likely COE price for each car that would be bidded. And with that, they can play with even the OMV to squeeze out the last dollar. Not just PML, everyone.
kenntona;597203 said:
Having said that, I think most dealers are able to have access to more information that will allow them to ascertain the likely COE price for each car that would be bidded. And with that, they can play with even the OMV to squeeze out the last dollar. Not just PML, everyone.
DrK
Well-Known Member
Re: COE biddings gone mad
I'm with you on charting spot. However a COE forward index is 'model-able'. The demand of new COE is certainly observable. Implied volatility on demand of cars is probably available up to 1-3 months. Create the forward curve, trade on the basis and you might arbitrage. Except that you can't really make any gains out of this directly since COE is not traded but you can time your position of buy, hold, sell car to minimise depreciation cost and maximise your utility function of different rides or add value when you are a car seller like PML which bid for COEs.
kenntona;597203 said:
I'm with you on charting spot. However a COE forward index is 'model-able'. The demand of new COE is certainly observable. Implied volatility on demand of cars is probably available up to 1-3 months. Create the forward curve, trade on the basis and you might arbitrage. Except that you can't really make any gains out of this directly since COE is not traded but you can time your position of buy, hold, sell car to minimise depreciation cost and maximise your utility function of different rides or add value when you are a car seller like PML which bid for COEs.
