Data:2009-12-12 2:34
Category: Money tips Release Date: 2006-02-14
Baosteel is China's securities market warrants in the "ban" Warrants usher in the first nine years after a warrant products and warrants listed on Baosteel's total 387.7 million copies, belonging to warrants. The exercise price of its 4.50 yuan, duration from August 18, 2005 to August 30, 2006, a total of 378 days. The ratio of a power line, the right of the date line is limited to August 30, 2006. Monday, Baosteel warrant transactions, changing hands up to 35.89%, mostly concentrated in the morning, within minutes after opening transactions, closing all the focus on the price of 1.260 yuan to 1.263 at 0.004 yuan within a narrow range, of which more than 90% is a limit-price transactions. To the late closing there is still a massive amount of 1.27 million hand-closure commission in the limit-price, warrants a speculative boom is obvious.
For the investment in warrants must master the three tips:
1, re-potential is not re-price, there are gains on strong follow-up, there is no rally then they do not buy low price; 2, short-term does not cover their shares, the value of warrants, including the intrinsic value and time value, time value of which will be with the move closer to the warrant expiration date and reduced long-term holders of the result is likely to be the ultimate loss of all the royalties. Therefore, investors can only be used short-term means, can not be used long-term cover their shares of strategy; 3, stop-loss does not cover their short positions, if the investment warrants analyzing errors occur, then the investor must be used decisively stop-loss strategy, tactics must not be used to cover short positions, Otherwise, most likely lose everything.
