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Data:2009-12-12 2:34
Investment Points
In the November 30 report of the warrants, we JTB1 Wuhan Iron and Steel and Wuhan Iron and Steel JTP1 the late development trend is expected as follows:
As long as the creation of Wuhan Iron and Steel JTB1 process is still ongoing (when it dropped to 0.80 yuan before the equilibrium price), then the price of Wuhan Iron and Steel JTP1 remain current price range;
The short term, the price of Wuhan Iron and Steel JTP1 basically rational, the price gap with the Wuhan Iron and Steel JTB1 no more than 0.2 yuan, but the ceiling price is the price of Wuhan Iron and Steel JTB1, so trading range is 1 yuan -1.15 yuan. Below 1 yuan strong buying, more than 1.15 yuan is thrown does not participate in (proposed on the assumption that Wuhan Iron and Steel JTB1 price 1.20-1.30 yuan).
As for the medium-term investment strategy to maintain our point of view November 28, Wuhan Iron and Steel JTB1 reasonable price 0.75-0.85 yuan, Wuhan Iron and Steel JTP1 a reasonable price of 0.85-0.95 yuan, more than the above prices are extremely high standard of operation is only suitable for short-term radical Type speculative people. (Niugu 3 +2 combination of several sent Conch Cement rose 6 percent today, the era of new material another record high, today we send "G stock portfolio", you can consult online or call 021-51036988 Get.)
After the actual market trends from the point of view, basically in line with our more than expected, investors are most concerned about is the listing of five warrants, as well as the future hub of the medium-term price corresponding to the operating skills.
From a speculative perspective, Anshan Iron and Steel JTC1 participatory best, followed by Wuhan Iron and Steel JTB1, Vanke HRP1 and Baosteel JTB1; from an investment perspective, Wuhan Iron and Steel warrants (and JTB1 Wuhan Iron and Steel and Wuhan Iron and Steel to buy a JTP1) of the butterfly portfolio, as well as steel vanadium PGP1 better.
Warrant premium rates are generally higher than the put warrants 30-40 percentage points, indicating that the creation of mechanism, the creation of higher costs due to warrants, the creation of relatively complex process, resulting in the creation of new warrants in limited quantities. Therefore, from the curb speculative standpoint, the creation of mechanisms to suppress the price of put warrants more obvious;
After calculations, the highest rate of Baosteel's premium JTB1 (held to maturity risks), the value of speculative participation in the lowest, in addition, technology is also relatively poor shape, suggest that investors are not concerned; (December-ending bull market in bedding, 12-Daikin shares piling Jiancang, Germany tripod monthly investment strategy report in December debut!)
Call the speculative nature of the best are Anshan JTC1, as the total size of only 1.13 million, a total market capitalization of 300 million yuan less than the price in the only warrants, the speculation up a huge space, from the perspective of implied volatility Baosteel JTB1 up to 167%, assuming that the maximum Anshan JTC1 rate of 180% implied volatility, then the highest price will be 2.585 yuan, in which the price above the broker the creation of a static rate of return as high as 144%, that is, As long as G AISC buy low-cost and 5.99 yuan, then the creation of the profitable, it is proposed investors to 2.60 yuan firmly refused participation;
For the robust investor is concerned, the same time, purchase a copy of Wuhan Iron and Steel and Wuhan Iron and Steel JTP1 yes JTB1 better portfolio. As for the combination of specific methods of operation, we will be in the "De-ting the annual investment strategy report in 2006," the warrants under the topic of a detailed analysis and elaboration, play close attention! .
Table: 5 C of E corresponds to operating table
(Niugu 3 +2 combination of several sent Conch Cement rose 6 percent today, the era of new material another record high, today we send "G stock portfolio", you can consult online or call 021-51036988 immediate access.). (December 12, the German Ding release annual results focus of the company in 2005 forecast, sending the stock WFQQ code to 2.9116 million (mobile), 9.9016 million (China Unicom), the query performance of individual stocks forecast, resistance, support)
De ting investors to set up in 1997, is the first certified by the Commission, one of the securities consulting firm, the company has a rich professional knowledge and practical experience of the analyst staff. Germany Ding pragmatic and innovative style of investment to the industry reputation. For a long time, as the first country of more than 50 brokerage firms and other financial, funds, investment advisers, as well as leading financial media company providing a variety of financial reports and financial products and unique, real and authority, was the industry as the "intellectual investment in China library. "
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