Finance Sina homepage > Finance and Economics > listed company > Full listing records of Baosteel warrants> text
 

Baosteel's warrants plunged 7.91% for the first time since they were listed


http://finance.sina.com.cn 07:27, August 30, 2005 Beijing Morning Post

Baosteel's

Morning News (reporter Gao Xiang) Baosteel Warrant, which once made investors envy( information quotation forum )Yesterday, there was the first real diving, with a 7.91% drop, the first sharp drop since its listing. The market has educated speculators again: when small and medium-sized investors realize the opportunity to make money, it is often the beginning of a tragedy.

The reporter learned from some securities dealers in Beijing that after the sharp rise of Baosteel's warrants on the second day, the small and medium-sized retail investors at the bottom of the securities business department took over the banner of speculation, in contrast to the firm release of funds and other professional institutions. Like "50000 yuan small account one day trading 1
There are more and more stories about six times of tossing 1.6 million yuan of trading volume? Xun even heard from a securities firm that it earned 300000 yuan in a day for the hot warrant trading

myth

However, the myth is always broken. The diving of Baosteel Warrant yesterday was just "a scene that will come sooner or later" in the eyes of professionals. Wang Rui, market observer of Industrial Securities, said: "Baosteel( information quotation forum )Yesterday's fall below the 4.5 yuan mark marked that the Baosteel Warrant, whose price was still around 1.7 yuan, was' suddenly 'worthless. Although the price of Baosteel's share price in one day is not enough to explain the value in the next year, the exercise price falling below 4.5 yuan will certainly severely hit the confidence of hot money speculating in warrants. "

According to Wang Rui's explanation, the sharp drop on the fifth day was actually the first power tilt several days after the "fire fight" between the fund and hot money lurking behind Baosteel shares and warrants. The Fund used the price of Baosteel shares to finally move the price of warrants.

Wang Rui reminded investors that the risk of Baosteel's "huge profit machine" warrant has begun to release.


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.

Love Ask (iAsk. com) A total of about 54,300 Article.


comment 】【 On shares and gold 】【 Favorite this page 】【 Watch stocks from time to time 】【 large in Small 】【 Watch news in various ways 】【 Print 】【 close


Comment board of Sina.com financial vertical and horizontal netizens Tel.: 010-82628888-5174 Welcome to criticize and correct

Sina Profile | About Sina | Advertising services | contact us | recruitment information | Website lawyer | SINA English | Member registration | Product Q&A

Copyright © 1996 - 2005 SINA Inc. All Rights Reserved

copyright Sina.com

Beijing Communication Company provides network bandwidth