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Baosteel Warrant's First Dangerous Diving T+0 Reveals Risk Signs


http://finance.sina.com.cn 01:37, August 26, 2005 China Business Daily

Baosteel

Reporter Li Jing from Shanghai

After three days of continuous rise in listing, Baosteel Warrants recently attracted much attention( information quotation forum )(580000. SH.

Yesterday, Baosteel Warrants opened at a high price of 1.90 yuan. Influenced by the recent hot speculation enthusiasm, the price was instantly pulled up to 2.088 yuan. The sudden change was that a huge number of orders were poured out at 9:37,30 to 50 thousand hands, and the price was quickly hit near the opening price of 1.95 yuan. After two hours of sideways trading, at 13:40, the selloff started again, with the largest diving range reaching 11%. By the end of the day, it had finally closed at 1.83 yuan. With the high opening of the day, the increase was only 1.22%.

"The 'Bo silly' speculation that has been rising continuously for several days has made the profitability of Baosteel's warrants quite rich, and the relatively short-term huge risks have also been formed, which is the main reason for the diving." An insider said, "This is also the inevitable result of the speculation."

Yu Haihua, senior analyst of Yibang Investment, said, "Compared with ordinary

shares For example, Baosteel's warrants have three comparative advantages: first, T+0 trading, second, a large proportion of up and down limit, and third, a relatively small share of warrants, which are the reasons for attracting funds. "

However, Baosteel Warrant's debut yesterday also reminded investors that T+0 trading is not without risk, but this risk is clearer after the enthusiasm for crazy speculation gradually cooled.

The above insiders pointed out that the speculation of T+0 first revealed risk signs yesterday, and if the warrants bought before 13:40 were sold after that day, they would all lose money.


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.

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