[Editor's Note]：The 15.43% drop in the closing on August 30 hit the biggest drop in a single day since the listing of Baosteel warrants, and all investors involved above 1.4 yuan were covered.The four consecutive negative lines make people shocked and the risk of warrant trading is exposed.After seven days of rebirth, the market seems to have returned to its starting point. Friends who speculate in warrants have also experienced seven unusual days and nights. Once the sharp rise was daunting, but now the devastating slump is too much to dodge.T+0 makes people crazy. Short term masters enjoy the pleasure and stimulation in fast in and fast out.Finally, on this day, we can calculate money in seconds. The long lost warrant trading seems to have given the stock market a shot in the arm, bringing another realm to the calm market[Comment] Comments: Baosteel's Warrant plummeted into a piece of waste paperThe holder is assassinatedIt's only a matter of time before we hit a new low
In fact, investors are well aware that the Baosteel warrants currently traded are useless, the price is seriously deviated from the value, and the slump will come sooner or later.Just in the psychology of speculation and greed, we are continuing the game of "foolishness"……(full text)[Comment]
With the continued rapid decline of transactions, the hot temperature of Baosteel's warrants further decreased on Friday and closed down for the first time in five trading days since listing, and the signs of short-term funds' interest in Baosteel's warrants became more obvious……(full text)[Comment]
"The continuous rising speculation of" Bo Sha "in the past few days has made the profitability of Baosteel Warrants quite rich, and the relatively short-term huge risks have also been formed, which is the main reason for the diving. This is also the inevitable result of the speculation"（full text)[Comment]
Its price has reached 1.808 yuan, which continues to rise by 14%. It was once close to the 2 yuan mark, and the highest price reached 1.976 yuan.The internationally recognized pricing model seems to have lost its binding force on Baosteel warrants……(full text)[Comment]
Investors should take a short-term approach to the warrants. The volume of warrants for two consecutive trading days has reached around 30% of the market. After the initial frenzy of speculation, it is inevitable that the speculative value of the future market will slowly return to the investment value……(full text)[Comment]
The listing of Baosteel JTB1 opened the door to the closing of warrant trading for nine years, offering 1.263 yuan, almost twice the market forecast price;The trading limit was closed at the opening, which stopped the investors who were still trying to figure out how to operate the day before;The turnover rate reached 35.89%……(full text)[Comment]
Is the pressure of warrant expansion the culprit of decline?
The warrant product of Everbright Securities is roughly equivalent to the value of Baosteel JTB1, but its issue price will be far lower than the closing price of Baosteel JTB1 on August 26.Based on the implied volatility of 45% and the closing price of Baosteel shares of 4.53 yuan on that day as a reference, the issue price should be about 0.85 yuan, 47% lower than the closing price of Baosteel JTB1 on that day.(full text)[Comment]
According to the standards of the Shanghai Stock Exchange, there are currently about 26 listed companies in the two cities that can issue warrants. In addition to Baosteel and Changdian, other companies that meet the conditions for issuing warrants are likely to also adopt the method of paying part of the consideration with warrants in the share reform plan, which is supported by the management.(full text)[Comment]
Guotai Jun'an has applied to the Shanghai Stock Exchange for the issuance of Baosteel covered warrants, hoping to curb speculation by increasing market supply.Although it is not known how much the above measures will eventually hit hot money, it will obviously constitute a psychological deterrent to most big speculators.(full text)[Comment]
The board of directors of G Changdian has reviewed and approved the company's warrant plan, and submitted the Warrant Issuance Instructions and other relevant issuance declaration materials to the securities regulatory authority. Equity implementation will begin only after the approval of the securities regulatory authority.According to the resolution of the general meeting of shareholders, G Changdian will issue European warrants（full text)[Comment]
According to the data of the business departments listed from 23rd to 24th released by the Exchange, the four securities business departments of Guosen Securities Shenzhen Hongling Middle Road, Guotai Jun'an Shanghai Jiangsu Road, China Merchants Securities Shenzhen Zhenhua Road and Xiangcai Securities Hangzhou Tianmushan Road are the main participants in this wave of rising warrants (full text)[Comment]
The fund did not buy this time, but was the largest seller of Baosteel warrants.Due to the high concentration of chips in the hands of funds and the hot money's pursuit of warrants, many funds are profitable.In fact, it is not possible to buy warrants, but only to sell them. (full text)[Comment]
It is the implicit support of the government, the split between investment and speculation caused by the lack of system, the scarce market variety, and the unique trading charm that provide the necessary conditions for speculation of Baosteel warrants. As long as the relevant factors are not weakened, the highly speculative atmosphere of warrants is likely to continue (full text)[Comment]
According to the public information of the Exchange, Shenzhen funds played a dominant role in the speculation of Baosteel warrants.Among the five seats listed in Baosteel JTB1 yesterday, the top three seats are from Shenzhen, which may be related to the crazy speculation of warrants in the history of Shenzhen market(full text)[Comment]
What do you think is the market price of each warrant of Baosteel? 0.5-1 yuan; 1-2 yuan; 2-3 yuan; 3-5 yuan; 5 yuan or more;
Do you think there will be excessive speculation in Baosteel warrant trading? meeting; can't;
As an investor, will you invest in warrants? meeting; can't;
Looking back at the overall performance of Baosteel's warrants since its listing five days ago, the intraday price difference was very significant, which brought profit opportunities to a group of short-term experts.How much money did they make?What's the hype? Although Baosteel Warrant was "born" only a week ago, for those investors who have been in close contact with this new product, the experience brought by the investment experience may be unforgettable all their lives.Ah Biao, who specializes in stock investment in Huale Road Business Department of United Securities, is such an investor.Yesterday, the professional investor who played Baosteel warrants "every day" this week told reporters about some "truths" he summarized after investing in Baosteel warrants in the past five days.(full text)[Comment]
Full position warrant speculation earned more than one million yuan Most people will not speculate on warrants in full positions. Experts also suggest that people should either not speculate on warrants. If they want to speculate, they should just play with a few positions.However, Mr. Shang from Guangzhou did the opposite. He not only hyped the whole warehouse, but also had a large amount of funds, which amounted to more than 2 million yuan, earning more than one million yuan at a time.(full text)[Comment]
Big family exposes their experience in speculation of Baosteel warrants They have a large amount of capital, frequent transactions and quick skills. Why do they dare to fight when the price of Baosteel warrants deviates significantly from the theoretical value?What is their understanding of warrant products?Are they really not afraid of risks?As a representative of these short-term traders, Cheng Su frankly disclosed his experience of speculating in Baosteel warrants.(full text)[Comment]
What do we think about warrants from the voice of the market
Baosteel Warrant.For China's stock market, this is a happy thing.For China's stock market, where crazy speculation has been effectively suppressed but short selling mechanism is lacking, this not only means that the era of "controllable speculation" is coming, but also means that the introduction of financial derivatives such as stock index futures has reached the "training" stage.(full text)[comment]
With successive huge increases, the cumulative increase of Baosteel warrants has reached 162.79%.The trading volume also increased from 2.1 billion yuan to 3 billion yuan, and Baosteel warrants undoubtedly became the focus of the market in the near future.According to the latest report of Guotai Jun'an Research, the risk of Baosteel warrants has been further amplified by irrational hype. At present, the risk of Baosteel warrants is nearly four times that of mature markets.(full text)[comment]
First of all, it is not so much the warrant that comes, but rather the preheating before the start of the comprehensive share reform of central enterprises.The hype of Baosteel's warrants is actually paving the way for the next step of the split share structure reform of central enterprises.As the market performance of Baosteel's warrants showed a huge profit margin, the resistance to the subsequent split share structure reform of central enterprises became a driving force.(full text)[comment]
Most researchers predict that the reasonable price of G Baosteel in the future will be between 4.8 yuan and 5.2 yuan, and it will be very difficult to exceed 6 yuan on the exercise date of Baosteel warrants.If G Baosteel's price on the exercise date is 5 yuan, the Baosteel warrant will fall by 72.35% ([1.808 - (5-4.5)] ÷ 1.808=72.35%);Once less than 4.5 yuan, the warrant is a piece of waste paper!(full text)[comment]
What medicine does Baosteel warrant sell in Hululi The history is often strikingly similar. It is too early to draw a conclusion whether Baosteel Warrants will repeat the mistakes of Bao'an Warrants or use the force of share reform to refresh the history, and what role Baosteel Warrants will play in the institutional transition of China's stock market.(full text)[Comment]
Six Questions about Baosteel Warrant Although many shareholders believe in the maxim that every new stock must be bought, and they are ready to do a big job, in the end, many people missed the crazy market of Baosteel warrants because of lack of theoretical knowledge, courage, trading experience and other reasons.(full text)[Comment]
Expert interview with Baosteel Warrant has become an electronic symbol Judging from the recent actions of the management, its policies are not as random as they were five or six years ago, and they are basically carried out in an orderly manner. It is estimated that the policies on the issuance of warrants will not change.(full text)[Comment]
The confusion of market observation on Baosteel warrants The warrants returned to the A-share market once every nine years.But the market has changed and investors have changed their faces. But the speculation of Baosteel's warrant listing has once again shown us the restless speculative heart hidden in the bear market.(full text)[Comment]
Sina netizen comments
Sina netizens commented IP: 219.142.74* Warrants will continue to be hyped, depending on the nature of its T+0 and rise and fall range can be much larger than stocks.The possibility of falling down is far less than that of pulling up.Because speculative funds can be involved at any time and forced to build positions, the forced pull will occur again and again in the future.As long as the management doesn't take it seriously.[Comment]
Sina netizens commented IP: 219.142.74* If I were Xie Qihua, I would not say, "Baosteel is not short of money now," I would say, "Baosteel is not short of money, what Baosteel is short of is a moral integrity, because in the end, it is still necessary for circulation shareholders to support the construction of national key projects."[Comment]
Sina netizens commented IP: 59.42.126* I bought 100000 yuan today. Let's see.At most, the company lost all of its money. The number of shares has exceeded that in recent years.I won't sell it for less than 4 yuan...[Comment]
Netizen: Mr. Zheng commented in 1969 IP: 220.162.210* The emergence of new varieties has always created a number of myths. After everyone marveled at the huge increase of 580000 yuan, it is no wonder to blame speculation, which is on the high side. But in the midst of all the voices of empty people, he still goes his own way. Does it mean that when everyone says high, he will fall?[Comment]
Sina netizens commented IP: 222.47.66* In the share trading reform plan, Shanghai Baosteel Group Co., Ltd. promises that if the selling price of the warrants is not less than 5.63 yuan, the purchase price of the warrants is 4.50 yuan, then 5.63-4.50=1.13 yuan, which is the actual value of the warrants of Baosteel.So it is absolutely impossible to get a price below 1 yuan.After full circulation, Baosteel's price is absolutely above 5.63 yuan.[Comment]
[Editor's Note]: The continuous decline of Baosteel warrants has made the investors who have entered nervous and pay attention to the market. Will the market turn around today?At what point do you throw, or continue to wait, or even add positions?All kinds of uncertainties make it difficult for you to choose.To buy or sell is a question?How will we deal with the spread of T+0 trading to the stock market?Or at that time, the stock market will no longer be crazy, because we will have more options
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