Ryen

　　“ Rizhao CWB1 ”Since the listing, the market price has been far higher than its intrinsic value. As of November 5, 2008, Rizhao Port The stock closed at 4.10 yuan, 2.98 yuan lower than the exercise price, and the intrinsic value of "Rizhao CWB1" was zero, far lower than its market price of 3.211 yuan on that day. In the current market environment, if there is no strong improvement or policy stimulus in the fundamentals of the A-share market, the probability of Rizhao Port's stock price rising to more than 7.08 yuan of the exercise price is very low. At that time, "Rizhao CWB1" will have no value and become a piece of waste paper.

The last trading day of "Rizhao CWB1" is November 18, 2008, and there are still 9 trading days left. As the last trading day approaches, according to the warrant theory, the price of "Rizhao CWB1" will decline faster. Among the expired warrants, some out of price warrants have been wildly hyped before the expiration date. It is not ruled out that "Rizhao CWB1", which is out of the deep price, will also be hyped in the last few trading days. “ Potash fertilizer JTP1 ”It rose sharply in the last trading day and finally closed at 0.107 yuan per share. "Rizhao CWB1" may also have similar situations, but even if "Rizhao CWB1" finally refused to return to zero, its final closing price will still be far lower than the existing price, and most investors will face heavy losses as a result.

Please pay full attention to the investment risk of "Rizhao CWB1" and operate cautiously.