Category: Money tips Release Date: 2007-04-04
There is the saying goes, "no not a radius of rules"; "first legislative rules, after work." Similarly, investing in the stock market should be "first legislative rules, after the operation." In addition to their investment behavior is necessary to limit the scale of investment, the investment target discipline, operational discipline, setting rules and other legislation outside. Into the stock market first to the market's "rules" have full understanding and full compliance, otherwise the market will be mercilessly punished.
For example, Baosteel Warrants to August 30 will line the right type of subscription warrants, adjusted exercise price is 4.20 yuan, the current G Baosteel's share price 4.40 yuan, which means that the actual value of Baosteel Warrants is only 0.20 yuan. On the contrary, if by August 30 G Baosteel's share price below 4.20 yuan, then the warrants will be Baosteel is the paper one. Baosteel is the current price of 0.94 yuan warrant, which in turn means that in August 30 G Baosteel's stock price had gone up over 5.14 yuan, in wasted time cost of 2 months under the premise that the current holders of Baosteel has a value of C of E before . If so, then why do not hold shares of Baoshan Iron and Steel G, have to hold prices not true, and even assets are "cleared" the risk warrants it?
Again, many investors by Zuo Gupiao the habit of thinking of effects, some serious price not true, even quilt purchase warrants worthless after, but also to go all the way to hold to wait for some sort of relief, even in the fall and going constantly to buy into with a view to sharing the cost of a low position. However, you do not know a paper at the bottom of the warrants its Quotes where, but increase the share of low-cost operation of the assets have been cleared and even the risk of shrinkage.
Based on the above, ordinary investors to engage in a transaction warrants the need for attention to three points: First, the current warrants Quotes are highly speculative element, a loss can only stop in time, and must not arbitrarily to cover their short positions. Second, try not to position the night, because you never know whether tomorrow will be the creation of brokerage firms. Third, the stock warrants a derivative species as well as the complexity of the relationship between the underlying shares, coupled with the creation of brokerage firms are free to the ordinary investors, the degree of specialization in general be elusive. Thus, in principle, should invest in warrants as a "legitimate trade", to go wholeheartedly into the whole warehouse.
To be sure, the future of innovation in the market will be more and more innovative products in each baked, investors should be aware of these innovations which first of all the rules, and then the decision to invest in behavior in order to avoid "first tuition after school. "
