Category: Money Tips Date: 2007-03-19
While investors in transactions every day, burst forward contract position, but the great volatility brought about by "profiteering" and "risks" before 0703, and 0706 contract volume, or the explosive emergence of the "abnormal" growth . The first two trading days this week, these two long-term contracts even more than the total turnover of the two recent contracts 0612 and 0701 the total transactions.
Yesterday's closing, 0612,0701,0703, and 0706 the turnover of the four contracts were 117,856 hand in hand 29206, 75332, and 102,082 hand in hand, showing "two big middle small" abnormal pattern of intraday volatility in 0703 and 0706 contracts respectively, to reach 83.4 points and 133 points, while the 0612 was only 24.2 points, the volatility of the contract. It is noteworthy that the main 0612 contract positions have plummeted by more than 20 million a day last week, dropped to 10 thousand men in hand, long-term contracts to "demonize" becoming a serious problem.
Forward contracts to being a "main", which made Mr. Chang, and Xiao Xu baffled. "Why are so many who burst positions, there are 0706 people desperate to do the contract?" Lao Zhang and Xiao Xu began to discuss this issue. "May be a virtual money anyway, not her own money, will lose, it does not matter," said Xiao Xu. "We ask Zhuangbiao trading conditions, I heard that he has been doing 0706 contract," I interrupted.
Number of telephone connections, and listen to the sound as if he is very depressed today, "yesterday, earning 20 million, today ... ..." Zhuangbiao low voice said, "Today's loss of 350,000." "You do what the contract," he asked. "We only recently contract", "Mr. Chang how militants can only be done in this recent contract?" "Forward contracts, fluctuations comes and have to go faster, we were still some good sound, the main stock index futures in order to adapt to mechanism for the formal listing of stock index futures gained after a number of trading experience, "Mr. Chang said.
Zhuangbiao tells us that the contract in the transaction, especially the recent 0612 contract, because the futures price volatility is too small, it is difficult to make money, so he decided to specialize in large fluctuations in the 0706 contract. "Anyway, is a virtual fund position of the burst does not matter," said Zhuang Biao. "I do not and tell you great truths, but I still suggest that you contract in the near term 'training'. To say after the formal listing of stock index futures, forward contracts, there will be little trading volume." Mr. Chang said, "in the international market on the forward contract trading volume is very small, liquidity is poor. the U.S. market is not that the A50 in Singapore-listed stock index futures, forward contracts trading volume yesterday, and the two positions are zero. "
We obviously failed to persuade the Zhuangbiao, he continued to insist on doing long-term contracts. "Every great volatility in some of the injured is always like 'adventurous' and 'Warrior'", Xiao Xu has been reflection on this issue, "but so many people last Friday Agreement 0706 warehouse explosion, there are people desperately participation."
Regardless of how others, Lao Zhang, Xiao Xu, and I decided not to touch the forward contracts. 4 trading day down, Mr. Chang steadily earn 23 million a day yesterday, there are already 1.12 million book of; Xiao Xu deal of four weeks time, except for one day lose money. As of yesterday, and his book has reached 1.66 million of funds.
"I think most investors understand the risks and benefits of such reasoning, but why it is a critical moment would be lost somewhere along out? This issue worthy of reflection," said Xiao Xu. (Send
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