Category: Money tips Release Date: 2006-08-28
Editor's Note:
Warrants is no doubt a high-risk products, this truly reflect the number of high-risk transactions, as well as lovers point of view, is more intuitive to describe the market, some typical aspects of mentality, does not mean that the consent or encouragement to kinds of trading methods or ideas. Investors should be based on their risk tolerance to choose their own investment decisions.
SHENZHEN When a reporter yesterday afternoon, Shennan Road, Shenzhen Guoxin Securities Sales Department to see into the Soviet Union (a pseudonym), he was the end of the day's trading on the Baosteel Warrants "Today more than gains," he said bluntly, "is not volatile session , too few opportunities. "
Nevertheless, Cheng Su, or to seize the opportunity for much of the disk, in the morning to buy 2.03 yuan, 2.08 yuan immediately thrown.
It was his warrant on the fourth day of Baosteel deal. Tuesday and Wednesday in the volatile Baosteel warrants, he can do a daily trading volume of more than 2,000 million yuan, of which Wednesday's trading volume close to 3,000 million, rounded out the session opened up 78 rounds, the cumulative profit nearly 30%.
In Shennan Road, Shenzhen Guoxin Securities Sales Department, such as into the Soviet Union there are many individual investors. Is not a small amount of their funds, trading frequently, agile, just like the market in a not inconsiderable force.
Why do they dare to deviate from the theory of Baosteel's prices the value of warrants to conduct Bosha? They know what products have warrants? They are really afraid of risk? As the representatives of these short-term traders, confided that he ran into the Sultan speculation the experience of Baosteel Warrants .
Reporter: Are you in recent days Baosteel warrant trading volume on the very large, can come to the specific operating experience?
Cheng Su: I was the first day of listing of Baosteel warrants to buy. Is limit-open that the two minutes bought some, but not the amount. 3, c. 1 yuan more than the next day he put forward, but found that it is up, then began to recover again and again to do T +0, Tuesday trading of more than 2000 million bar. Wednesday trading was a little more, probably have less than 30 million. Thursday less, because opportunities are few.
Reporter: Do you have to make money trading it? There any mistakes?
Cheng Su: Of course not always be able to make money. Overall, however, made a profit, and about 30%.
Reporter: What is your trading strategy?
Cheng Su: I am generally more fierce in its time of rising momentum buying to see if it was Gaoyao tear up the throw. Or buy it when the rapidly falling, and so throw rebound. Flat plate, when basically remain unchanged. Overall, the feeling to be with disk, movements should be very soon. All the transactions are generally open positions in the day, very few stay overnight positions.
Reporter: Before you buy Baosteel warrants have not been understanding of it? Opening price forecast before you what is?
Cheng Su: the newspaper about some of it. I would have predicted it would open at 1 yuan, did not expect a daily limit. But I still think that we can participate in because it is T +0 transaction, if the losses can also come out in time.
Reporter: Baosteel Warrants prices have been so high, you do not think that the risk significant?
Cheng Su: For me, the need to grasp is that the price fluctuations between the absolute price level is not important, whether it is 2 yuan or 20 yuan or 200 yuan, as long as it has the chance, I Dugan participation. Any variety has a risk, I was able to take risks, even if I also feel that loss. Baoshan Iron and Steel in terms of the warrants, I think the net assets are negative ST companies have more than 2 yuan price of risk is higher risk than it is, at least there is a Baosteel Warrants can be traded more than a year, and these losses if the company is not half a year on the will be delisted.
Reporter: Baosteel Warrants do, you are most concerned about?
Cheng Su: The most concerned about the policy. To me, policy stability is very important rules of the game can not be a sudden change, otherwise we can hardly survive. Warrants the same as Baosteel, first rules out clear, and we participate in mind when the bottom line beyond which we do in accordance with the rules.
Reporter: How long in the stock market do it? Why would warrant so interested in?
Cheng Su: Investing in the stock market 10 years bar. Baoan warrants have been in the original, then B shares can be T +0 transaction also involved in this year, the Hong Kong market in June has also played a warrant, more than one month 200,000 principal amount of earned 300,000. Overall, I personally very much like the T +0 transaction, because we feel that if the wrong exit in time, will not lose too much. So when Baosteel Warrants After I got out I was very positive.
Reporter: Are you on the warrants market, what are your expectations?
Cheng Su: I hope that warrants such as Baoshan Iron and Steel products to a little more. Securities market where varieties should have a little more attractive to a rich, everyone can find something of my own, so the money can stay in the market. I hope the authorities concerned as soon as possible to introduce more innovative products.
