Category: Money Tips Date: 2006-01-21
Trend of stock index rebounded Thursday, against the big upward impetus came mainly from two types of active plates, one of the financial sector, iron and steel stocks led blue-chip system, and early G Baosteel, G New Steel and Vanadium Dengjun have soared, while the G Wuhan Iron and Steel was once a continuous red high. The second theme of technology stocks of the active limit-Kazakhstan High-Tech, East China Computer, the direction of optical single-day rose above 6%. In contrast, the stability of blue-chip index, a direct result of the resilience, but the current situation of the current market, blue chips rose Thursday was another conspiracy.
Wuhan Iron and Steel Butterfly warrants continuous daily limit, G Wuhan Iron and Steel the biggest gain in three consecutive trading days more than 15%, contact the former Baoshan Iron and Steel warrant the opposite trend with individual stocks, is obviously quite different. First, we should note that warrants currently held by Wuhan Iron and Steel, headed by the principal of the Fund's mainstream institutions, hold the same G Wuhan Iron and Steel shares are also these funds. 2 done, they were reluctant sellers, warrants, warrants to know whether it is or put warrant, or two days have been doubled, agencies have resolutely sealed massive daily limit. Will obviously keep out of hot money, in the taste of the madness Baosteel Warrants short squeeze, the Wuhan Iron and Steel warrants become the subject of the Fund's PLAY. From the pricing point of view, because they have higher than expected price sector is expected to limit-plate will open Friday, institutions shipments will be inevitable. But in terms of investment capital, the current profits of Wuhan Iron and Steel warrants pricing is clearly flawed. If the funds out, no case of carry plates, Wuhan Iron and Steel market outlook warrants the Yindie will be hard to avoid.
It is speculation warrants the need for violence, the fund with the heavy volume on the way down to play a high G WISCO continuous continuous continuous rose with a big bang, enough to increase the market buying sentiment. But once the ship encountered warrants, G Wuhan Iron and Steel is clearly there will be no resumption of the recent strength. Current G Wuhan Iron and Steel price 2.79 yuan, warrant prices are already at 1.172 yuan, while put warrants 1.51 yuan, compared the exercise price of 2.90 yuan and 3.13 yuan, warrants theoretical value of zero, while the put warrants nothing but 0.34 yuan. After the storm fried the remaining funds will be launched Bo silly behavior. To consider the advantages of low-priced, short term warrants are likely to remain active, but by the strong weakening of Wuhan Iron and Steel G, the Fund will no longer support the market, it will indicate opportunities for investment will be put warrants transfer. Warrants such a hot deal, it would clearly further stimulate the expansion of management's intentions, while the New Steel and Vanadium warrants, long power warrants, warrants Vanke fliers ready to go, in particular, Vanke warrants will not be a large amount of idle capital can bear. The Wuhan Iron and Steel warrants in by the Fund PLAY, the liquidity of the greatly reduced, afternoon hot money will probably tend to other small-cap warrants new varieties.
With the increase in the number of warrants, the stock market will likely deteriorate diversion of funds from the Fund to the inverted G acts of Wuhan Iron and Steel point of view, even the mainstream funds have already joined the army of speculation warrants, the stock market's bull power will hardly be brave. Volume can be arranged on Thursday, G close to 1 billion turnover Wuhan Iron and Steel, G Baosteel, China Merchants Bank, G Long electricity, G CITIC 4 total turnover of 850 million, in the removal of nearly 20 billion blue-chip calorimeter, the Shanghai stock market status of Su Liang have not been a trace of change. The volume shrinkage would further restrict the market's rebound, this point of view, the current market lacks a certain degree of maneuverability. However, as is currently the stage of stock reform, while the value of G shares fell very prominent, and investors may be appropriate to intervene in the current phase of the right part of the posted G-Unit, such as the G Zhangjiang (600,895), etc..
