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Forest garden
In my life of investing in stocks, I always regard risk control as the primary task. I hate risk. It is my enemy. When I choose to buy stocks, my favorite is risk-free arbitrage.
Such varieties are often seen in the market, such as Wuliangye ( information quotation forum ) After share reform, major shareholders
The exercise price of the put warrants issued by the State owned Assets Administration of Yibin City is 7.96 yuan per share. If all the put warrants are exercised, the major shareholders must prepare more than 2 billion yuan in cash.
I borrowed 6.5~6.8 yuan/share to buy G Wuliangye shares Because I think the bottom of G Wuliangye is 7.96 yuan/share. If the major shareholders do not make the exercise a reality, they must maintain the share price above 7.96 yuan/share for a long time by various means. This is my basic judgment. Based on my understanding of Wuliangye, it is not difficult for Wuliangye to do this. The next fact is that Wuliangye's share price in the market has doubled in the short term. Companies that issue put warrants like this also have agricultural products ( information quotation forum ) G. WISCO ( information quotation forum ) Etc.
G Shanghai Airport ( information quotation forum ) Put warrants are also issued, with 7.5 put warrants for every 10 shares. The exercise period is 12 months, and the exercise price is 13.6 yuan. Now the exercise period is only 9 months, and the responsible person is Shanghai Airport ( information quotation forum ) Group. My first reaction was to borrow money to buy G Shanghai Airport, the more the better. Because I think it is impossible for Shanghai Airport Group to exercise its rights with 7.7 billion yuan in cash, so there is little possibility of exercise. The performance of G Shanghai Airport is also good. I think 13.6/share is the guaranteed price of G Shanghai Airport, and buying is my only choice.
I judge that the stock price of G Shanghai Airport will be much higher than the exercise price in nine months, because the circulation price of G Shanghai Airport is very large, and it is easy to be thrown below 13.6 yuan per share. I think someone was more worried then me! What am I afraid of! Therefore, "someone" will maintain the share price at a relatively high position. A friend asked me why no one bought such plain goods. I said that G Wuliangye also fell to more than 6 yuan per share at that time. I don't know, maybe because negotiable securities This fluctuation of the market gives me a chance to make money, otherwise, I will not make money.
And blue chip stocks now face another opportunity. Recently, the management released the management method of stock mortgage financing. I think the proportion of mortgage financing of high performance weighted shares in the future is different from that of other stock mortgage financing. For example, the proportion of mortgage financing of HSBC shares in the Hong Kong market can reach 80% of the market price, while the proportion of some small companies is only 10%, even without mortgage, This will enable more investors to buy blue chip stocks.
(This article does not represent our opinion, and the author is a senior investor)
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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