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ZTE ZXC1 Surprised that the lucky baby with fat fingers doubled that day

http://www.sina.com.cn    04:02, September 18, 2009    Daily Economic News

Every reporter Mao Jinnan

Doubling in one day, I believe this is the dream of most investors! Yesterday, ZTE ZXC1 (031006, closing price 12.694 yuan)'s "fat finger" event provided a historic opportunity to double that day! After opening at 10.97 yuan yesterday, the big ticket hit ZTE ZXC1 suddenly, and the share price was immediately reduced to 6.592 yuan. The lucky ones who bought at the lowest price yesterday doubled that day!

   A lucky guy bought it at the lowest price

Stimulated by the soaring concept of the Internet of Things, ZTE (000063, closing price 39.3 yuan) rose 2.53% yesterday, and ZTE ZXC1 rose 15.75%.

However, the scene of yesterday's morning trading surprised the market. After the opening, the price of ZTE ZXC1 suddenly fell by nearly 40%. The price list shows that a lucky person bought 400 copies at the lowest price of 6.592 yuan yesterday. The other seven lucky people also bought under 10 yuan. 500 at 9.488 yuan, 200 at 8 yuan, 200 at 9.104 yuan, 10000 at 9.392 yuan, 500 at 9.488 yuan, 500 at 9.664 yuan, and 200 at 9.888 yuan.

   Maybe it's a red envelope

Was the change of ZTE ZXC1 yesterday a red envelope? A professional who studies warrants pointed out that this possibility is very great.

Although there were few transactions under 10 yuan yesterday, more than 200000 transactions were made between 10 yuan and 10.9 yuan, and from 10.9 yuan to 6.6 yuan, it was not a sudden huge number of sales orders, which could not have such great energy. By taking advantage of the opening of the market, the lower part of the bill is scarce, and it is easy to successfully send red envelopes to buyers at a very low price.

Of course, some people regard the changes in ZTE ZXC1 as "fat fingers". "It may be the wrong key when placing an order," said an analyst.

In the previous July 2007, someone bought 980000 Haier put warrants (580991, delisted) at 0.001 yuan per share, spent 980 yuan, and the closing price soared to 685200 yuan, with a yield of nearly 700 times!

   Still significantly overestimated

However, the industry believes that the price of ZTE ZXC1 is outrageously high. The exercise price of the warrant is 42.394 yuan, and the positive share price is still lower than the exercise price. If the positive share price is less than 42.394 yuan when it expires, the warrant is waste paper. At present, it is less than half a year from the expiration date of the warrants, and the equity shares must rise to more than 55 yuan at the expiration date. At present, the warrant holders will not lose.

Analysts believe that the current purchase of ZTE ZXC1 is pure speculation, and the risk is also very high. Of course, it does not exclude the short-term performance under the stimulation of the concept of the Internet of Things.

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Sina statement: This news is reprinted from Sina's cooperative media. The purpose of posting this article on Sina.com is to convey more information, which does not mean to agree with its views or confirm its description. The content of this article is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.

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