Every reporter Zhang Biao sends from Shanghai
Since October last year, after the Shanghai and Shenzhen stock markets peaked, there has been a continuous downward trend. Some large capital investors find it difficult to find opportunities in A-shares and feel that the market risks are great. They have targeted warrants with the advantages of T+0 and stamp tax free trading, in an attempt to turn the tide and reap high profits. Who knows that the Shenzhen and Shanghai Stock Exchanges have strengthened their monitoring and crackdown on the speculation of warrants unprecedented this year, In addition, the stock market is depressed, falling continuously, and the following market is sparse, which makes most of these large capital investors frustrated and "blood stained" the power market. The typical figure is Jiang Yumei, a little famous "warrant upstart" who emerged in recent years. The book loss in the last five trading days was up to more than 10 million.
The Shenzhen Development Subscription Certificate dropped from a peak of 33.95 yuan on November 7 last year to a minimum of 4.069 yuan on June 16 this year, with a cumulative decline of more than 85%. On June 16, Jiang Yumei boldly bought at least 3.87 million shares at an average price of about 4.43 yuan. However, the Shenzhen Stock Exchange closely monitored the speculation of this variety, and temporarily suspended the trading even if the increase was more than 5% or 7%, so that there was almost no room for the main funds to rise, and there was not much follow the trend. In addition, the SFC2 of Shenzhen Stock Exchange had less than a week of trading time and was still a positive premium, and there was not much exercise value. Therefore, the SFC2 of Shenzhen Stock Exchange continued to fall in volume, return to valuation, and secure Jiang Yumei.
The lowest price of SFC2 of Shenzhen Stock Exchange was 1.6 yuan last Friday, which made Jiang Yumei's book loss only five days, more than 11 million yuan at one time, almost writing off the fruits of his bull market speculation in warrants! Fortunately, the stock index rebounded sharply after bottoming out last Friday. The SFC2 of Shenzhen Development Bank once rose by more than 55%, giving Jiang Yumei a chance to reduce losses and escape. But even if the stock index was fully liquidated at 2.8 yuan per share, the accumulated losses exceeded 6.3 million yuan, which can be said to hurt the vitality of Jiang Yumei.
Jiang Yumei earned tens of millions of dollars by speculating on warrants. In the bull market of the year before last and the year before last, warrants were the best profitable product.
The Shenzhen Hongling Middle Road Business Department of Guosen Securities has always been the haunt of the "trading board daredevil". In June 2005, Jiang Yumei, with hundreds of thousands of funds, took a fancy to this land of crouching tigers and hidden dragons and entered one of the large rooms to make warrants. The bear market at that time made the price of subscription certificates relatively low. Jiang Yumei mainly hyped subscription certificates Wuliangye Under the background of the stock market turning to bull, the subscription certificate and Wanhua subscription certificate have risen from less than one yuan to more than ten or ten yuan, which has brought extremely rich profits to Jiang Yumei. In just one year, its assets have increased 20 times, reaching more than 12 million yuan. It is known as an expert in warrants. Even the second set of China Financial Report of CCTV has interviewed him exclusively.
After last year's "5.30", the price of potash fertilizer put certificate soared 9 times in four days, attracting Jiang Yumei to switch from speculating on the subscription certificate to the put certificate, such as the CMB put certificate, and also gained a lot.
After Jiang Yumei, who worked in a factory and made molds, became rich in 2004, he took the initiative to contact Hunan Liuyang No. 4 Middle School in September 2007. In March this year, he officially established the "Jiang Yumei Education Fund" with a registered bonus of 1.5 million yuan and an annual contribution of 120000 yuan.
Qin Hong of Bohai Investment believes that since this year, the stock market has been extremely depressed. In addition, the Shanghai and Shenzhen Stock Exchanges have increasingly tightened their monitoring of warrants. They have increased their efforts to crack down on speculation, such as temporary suspension of trading and freezing of transactions in large warrant accounts. Retail investors have greatly reduced their trading trend, making it more difficult to speculate on warrants. It is not surprising that former warrant experts have failed, which also reminds ordinary investors that, In the future, we should be more careful to intervene in the speculation of warrants, especially the doomsday round.
Among the major warrant holders listed in the list of over proportional warrant holders in Shanghai and Shenzhen Stock Exchanges this year, Zhao Zhixiang, who was mentioned by the author in a previous article, also suffered a large loss. He bought at least 2.82 million Ganyue CWB1 in the middle of April, and only sold short two days later, losing at least 2 million yuan; And Tan Minjuan Wuliang YGP1 On the last trading day (March 26) of, at least 15.65 million copies were bought, all of which were written off at zero, and the loss was at least 150000 yuan.
Four natural persons, Cheng Fangfang, Cheng Jingfan, Cheng Yiqun and Cheng Jiamo, all surnamed Cheng, are still the top 10 shareholders of Jianfeng Chemical and are nicknamed "Chengjiaban". Compared with Jiang Yumei, who has been locked up for a period of time and has caused a sharp increase in losses, the model who is one of the "family building classes" is much wiser. On May 16 (Friday) this year, it held at least 3.85 million shares of SZSE SFC2, with an average purchase price of about 10.8 yuan. Just a weekend later, on May 19 (Monday), the established model stopped losing at an average price of 10.77 yuan and left the market with a small loss of 100000 yuan. Look at the closing price of SFC2, which was less than 2 yuan yesterday, and fell more than 70% in a month!
However, there are also a few big warrant holders who are willing to fight. For example, Wang Qianyi, who appeared in the super proportion list only twice this year. On March 20, it held at least 1.46 million shares of Shanggang CWB1, with an average price of about 3.653 yuan. Shanggang CWB1 rose for three consecutive days on March 21, 22 and 23, and Wang Qianyi made a profit of about 10%; On May 6, Wang Qianyi held at least 5.04 million shares of Shenzhen High CWB1 at an average price of about 5.482 yuan. Shenzhen High CWB1 rose for three consecutive days on the 8th, 9th and 10th, and Wang Qianyi made a profit of about 7% after short selling. After Wang Qianyi entered the arena twice, the relevant warrants rose for three days in a row, with a total profit of about 2 million yuan, which can be described as a real expert in warrants.
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