Category: Money tips Release Date: 2007-02-04
Source: Beijing in the first place
1, Taishiyanpan: drop shock
1, Tomorrow Forecast: down shocks. Monday Shanghai and Shenzhen plunged once again showed a unilateral trend. Among them, whether it is low-priced subject shares, or blue chips, all have a substantial setback. Its intraday trend, both the lack of market sentiment, but also the lack of market hot spots, almost into a panic. We believe that, although the market there is need for taking too much profit-plate, but the market panic that has been growing and spreading. From a technical perspective, the broader market fell inertia still exists the possibility of pre-3590 point gap also exists the possibility of covering, but in rapid decline, it may usher in shock rebound.
2, â‘?index fluctuation range: 3550 point of -3950 points;
â‘?Run: rapid decline in width shock;
â‘?trend focus: non-rational side down could give rise to policy concerns and the broad market when creating large-scale retaliatory Jedi rebound.
3, in the short-term trend: big box shocks. Through the above analysis, we believe that the market decline and irrational panic over a nosedive, has been oversold, short-term retaliatory Jedi rebound may occur at any time. While China's macroeconomic performance continues to improve and listed companies, expected growth, will effectively resist the further decline in market indices, so in the short-term trend is likely to shock the possibility of the presence of large box.
Second, the broader market tumbled, put uncompromising stand the risk of accumulation of
Monday, Shanghai and Shenzhen cities continue opened low, vibration down. And more than stocks at the disk in the lower limit position. The A-share market tumbled irrational, to the "lonely" multi-day warrants market, leaving the "performance" space. The broader market is tanking, put uncompromising stand the risk of accumulation.
Last week, as stock indexes fell sharply, rebounded across the board put warrants. Statistics, the average rise of 172%. Potash JTP1 alarming rise, reaching 630 percent, China Merchants Bank CMP1, CIMC ZYP1, Valin JTP1, Wu Liang YGP1 gains were also 48% ~ 73%. Put warrants a premium rate of 66% ~ 83%, with an average of 76%. We believe that, due to the lack of value of put warrants the support of its soaring trend, but is the use of leverage effect, triggering a rush of speculators to intervene, this mode of operation is not suitable for ordinary investors.
Read from the disk today, as the Shanghai and Shenzhen cities continue to fall, another wave of Wu Liang YGP1, CIMC ZYP1 and Valin JTP1 such as put warrants soared. We believe that this speculation game, mainly part of institutional investors use stock index is between the shares and warrants of leverage, of the Bo just stupid operation.
The specific principle is: the broader market are stocks fell, giving the corresponding put warrants opportunities. Stock market movements are often associated with warrants market, there is a high degree of relevance. When the stock market on an upward trend, if the class warrants to subscribe for stocks with a strong trend, then the warrants would constitute a line of its right to raise the value, so warrants market, the warrants will be the performance of active and upbeat. On the contrary, when the stock market going through an adjustment or down trend, if the class with a put warrant stocks are also going through an adjustment or down, or even to fall on, then put warrants will directly stimulate the explosive rebound, and is likely to continue strong. Such leverage is not only in the stock market and the warrants market are frequent, but also institutional funds in the two markets, the inevitable trend in the pursuit of profit.
Indeed, by last week's dramatic adjustments, call warrants and put warrants further increase the value of differentiation. Authoritative research report statistics that the premium rate from the point of view, warrants the level of the premium rate slightly increased from 3.31 percent last week, rose to 4.26%, put warrants, the average premium rate has increased sharply from 73.06% down to 77.82%, of which premium rate has dropped for most Qiaocheng HQC1, cloud-based CWB1 and Wu Liang YGC1, rise up for the potash JTP1, Wuhan Iron and Steel CWB1 and Sinochem CWB1. Premium is currently the highest rate of three warrants were Wuliang YGP1, CIMC ZYP1 and China Merchants Bank CMP1, the lowest premium for the Wu Liang YGC1, Qiao Cheng HQC1 and Steel and Vanadium GFC1.
We believe that as long as the broader market produce retaliatory rebound, may properly take an active interest warrants the corresponding high-quality blue chips. In addition, as put warrants led to the average premium rates rose further to 77.81 percent, prices outside the depth of further increase, reaching -333.6% surge in investment risk. For the entry "end round" of the potash, as well as the remaining shorter-term JTP1 Merchants Bank CMP1, suggest that in general investors to avoid its risks.
