Yu Yancheng
Like the Shanghai Stock Exchange, the warrant market last week was quite scary. in especial Wuliangye The double dragon play of subscription and OCT warrant only lasted for half a week, but the feature of T plus 0 makes it easy for speculators involved in the warrant trading to obtain excess returns of more than 10%. If there are intelligent divergent speculators who take one example instead of three, it is obvious that the same big blue chip idea can still hold the two protagonists of the late warrant market, namely, Changdian Warrant and Yage Warrant, after the launch.
Looking back at the equity market last week, the intention is to spit out the old and accept the new. The trading opportunities of the warrants in the market obviously cannot be compared with the steel warrants hyped earlier. Careful speculators can find that, Wuliangye It is obvious that the two warrants of OCT Warrants have the signal of net purchase of institutions from time to time in the daily transaction details, which of course has also aroused Xiaosheng's renewed interest.
Through research, we can find that, negotiable securities Research institutions have repeatedly stressed the importance of blue chips at their recent frequent 2006 annual meetings. From here to there, as a rare blue chip derivative instrument in China, warrants have a very significant special value. At the current stage when the market is still looking for the top, the warrant is likely to become the hot spot of the market. Of course, the inflow of funds in warrants always has a certain amount of technical hedging chips every day, so it is reflected in the warrants to help rise and fall. But if we grasp the main line of recent speculation, then we will be more likely to get excessive profits than looking for possible hot spots.
For warrant operation, the author insists that only two major strategies can benefit from it. One is to wait patiently for an absolute opportunity of low attraction. It is mainly manifested in the low absolute price and the appearance of relative value. Second, in order to grasp the certainty, technical band operation. This is also a major feature of the recent market. Due to the increasingly frequent high level shocks in the market, the short and long positions are particularly prominent in the three-dimensional warrants. In terms of the experience of the author in operating foreign exchange futures, the more above expectations, the more likely the trend will continue. Therefore, this week I still recommend Wuliangye warrant and OCT warrant. The main observation points are as follows:
1. At present, the positive shares are in the process of confirming the short-term trend, so there may be a periodic low point. When transferring to the corresponding warrants, it can be found that the warrants are obviously resistant to decline. Obviously, short-term funds are not timid about the current trend correction. Therefore, if the positive shares show signs of stabilizing, small positions can be appropriately involved in the two blue chip high price warrants this week.
2. Blue chips are closely linked to market indexes. Although the current market is in the shock stage, it can be clearly found that the individual stocks launched at the bottom are still emerging in an endless stream of profit opportunities, and the ST in low-cost stocks, especially the ST without share reform, have also experienced changes. It is obvious that the market has entered the final first stage, that is, the rise of low-cost stocks began to appear on the list. Therefore, it can be expected that if the blue chip stock does not clear the index, it will behave as a horizontal movement, and if the index does, it may break out again. Alcohol stocks rose and fell last week, and it can be expected that there will be a trend of back confirmation this week, while real estate stocks, with Vanke's information disclosure approaching, are bound to rise again.
To sum up, the market will still be dominated by warrants this week. As a warrant, it may not get a little respite until next month.
Sina statement: The content of this article is purely the author's personal view, only for investors' reference, and does not constitute investment advice. Investors operate accordingly at their own risk.
