Why did Baosteel warrants fall sharply on the last trading day?

You don't understand the rules for exercising warrants. The exercise ** is higher than the ****, which is the indication that the warrant is worthless. Exercise means that you have a warrant and want to buy with it.

Then you just buy the underlying stock at a low price in the secondary market, why use warrants to exercise it? This is a deep out-of-the-money warrant, given to you for free, and you will lose money. So novices must not participate in the hype tomorrow.

Why the volume, which doomsday right is not large. I also went in to operate a few handfuls, and one centimeter is 10 points.

Because the exercise price is too high, it is a piece of waste paper, and everyone has run away, so the volume is increased. It is best not to touch the warrants, although sometimes you can make money, but you may lose all your money if you lose it.

The main force is pouring on the left and right, no one buys it, a piece of waste paper!

The day before, it rose a lot, and of course it was out on the same day.

The landlord, that's because the big money dealers are suppressing the stock price, in order to trap those fools who build positions at a high level to achieve the purpose of their dealers to make money!

Be careful, if you like to do **, you should always be cautious.

The exercise of Baosteel warrants is much higher than that of ****, and it is normal for the volume to fall sharply, indicating that there is no significance in exercising rights, and warrants are worthless.

The warrants are useless Baosteel's ** only 6If the dollar is more, the warrant is exercised higher than the stock price, then the warrant is meaningless, of course, it falls sharply, if you don't sell it again, then you will write off 88, and then there will be nothing...

New things always attract much attention, not to mention that there is always a complex that must be speculated every time there is a new one, but Liu Xiaodong, deputy general manager of the Shanghai ** Stock Exchange, has a saying that once the secondary market trading of warrants fluctuates abnormally, the Shanghai Stock Exchange will have the right to suspend its trading at any time in accordance with the relevant provisions of the Interim Measures for the Administration of Warrants. Liu Xiaodong also said that a warrant trading market maker system will be introduced to balance the supply and demand risks of warrants.

It is unlikely that there will be speculation in the early stage of Baosteel's warrants, and it is likely that there will be a small fluctuation pattern following the share price of Baoshen Lianggang. The reason for ordinary investors** warrants who do not have Baosteel warrants in their hands should be to be optimistic about Baosteel's stock price, and we do not recommend investors to intervene just because of the speculative nature of the warrants. The company's current price-earnings ratio and price-to-book ratio are at a relatively low level in the A** field, even in the global market, the price-earnings ratio and price-to-book ratio of China's steel industry are also low.

Although the steel industry is cyclical, the market has interpreted its value. On this basis, we are optimistic about Baosteel's share price and believe that we can appropriately intervene in Baosteel's warrants.

However, the initial listing of Baosteel warrants may be a good time to intervene, because the opening price of the warrants may be limited by the calculation model and may not fully reflect the market's expectations for Baosteel's share price in the next few years. If our judgment of Baosteel after the resumption of trading is correct, the stock price at this time is close to the exercise price, and we can obtain a higher leverage ratio and the highest capital utilization efficiency. However, the time when the warrants are just listed is also the most speculative, coupled with our concerns about liquidity, the warrants** at this time may overreact, and investors should control the risk in combination with their own judgment of the stock price.