Category: Money tips Release Date: 2005-12-30
What is the short mechanism? In short, fell to profit through the trading system, the upcoming put warrants and stock index futures, have such functionality.
Short mechanism to hedge, in the big city, falling into bodies hedging tool. This is a mature capital market has long been proven, nor is our aim to introduce them. But need to note that the mechanism in addition to being short hedging instruments, but also could become a tool to manipulate the market makers.
Can do more in the market, the stock rose to make money in the market may be short, stock prices fall can make money, we can predict is that the birth of put warrants will profoundly change the current stock market Zuozhuang model.
What do you mean? Zuozhuang that do not have to stock up. Guangxia, Yiankeji so used Zuozhuang model, no more than through the inflated profits, assets restructuring, processing by means of the concept of cosmetic companies to lift stock prices, high shipping costs in this manner because it is too high, who were abandoned too risky, and now has put warrants, the dealer can collect a large number of warrants, with the listed company Face to suppress stock prices, the last line of the right to achieve high profitability.
If this scene becomes a reality, the result will be the bankers run amok, and to do more short is making money; majority of shareholders will also be a huge loss, because once the listed companies have been making manipulation, the company finally done, yet is easy to do bad things ?
Some people say that, since the mature market mechanism can play a short hedging capabilities while reducing the dealer to profit by manipulating stock prices fall incidents, then we can do. (Your opponent on the price of the stock held by the program satisfied? You think a reasonable price should be the right number? - Soon send short �letter to vote! Write "JF01 or JF02", 01 on behalf of "satisfactory", 02 stands for "unsatisfactory." Mobile users sent to 2.9116 million + stock symbol (eg, 2911600600104), China Unicom users send to 9.9016 million + stock code)
But we can not neglect the fact that in mature markets and emerging markets, there is a major difference --- regulation. From regulatory concepts to the means of supervision, from punishment to the error-correcting mechanism, emerging capital markets and mature capital markets, the wide gap between. In the mature markets and effective mechanism to move to emerging markets, is not necessarily useful, and even may lead to greater risks. The fundamental reason is that regulatory gaps.
It is certain that the mechanism in the short introduction, how to achieve effective supervision to protect the interests of ordinary investors, is that we urgently need to solve the enormous problems.
