Chapter 29 – Sudden increase of Warrants! (2/2)

Guo Shunjie had no choice but to keep low and bear with it. He dares not to look for trouble with Dong Xuebing.

Noon.

Dong Xuebing, who was in a good mood, looked at the stock markets. A few days ago, he had helped Zhou Changchun picked a company’s share and had risen a lot. He was also tempted to trade himself. But he can’t buy and sell the same day. His BACK was not useful for this. That day, Daqin Railway shares had risen sharply and reached the daily limits, but today, the prices had plunged. Chief Zhou would be lucky if he did not lose any money.

Dong Xuebing thought for a long time. Was there really no way to trade?

The only thing that could be traded on the same day was that 580027, Changhong CWB1. But the price was always dropping.

……

Dong Xuebing keyed in the code for Changhong Warrants. He wanted to see it’s recent performance.

Dong Xuebing had a shock when he saw Changhong CWB1 warrant price. It was at 0.002 RMB. It had fallen to 0.002 RMB! He immediately searched on the internet and knew that today was the last trading for this warrant. Tomorrow, it will stop trading forever. This was why it had fallen by so much. Based on the past warrants, there were no limits on how much the warrant price will fall or rise on the last day of trading. Most of the warrant prices will drop to 0.001 RMB. Whoever that was unable to sell it, was unlucky.

0.01RMB more will be at it’s lowest price. It will surely not rise again today.

Dong Xuebing decided to give up the idea of making money through trading.

“Eh, Bing Zhi also trade?” Tan Limei saw his screen when she walked past Dong Xuebing’s desk.

Dong Xuebing laughed. “No. I am just taking a look. Trading is too risky.”

“What shares are you looking at? Huh? Changhong Warrants? How come it had fallen to 0.002 RMB? Is it going to stop trading tomorrow?” Tan Limei knew about the financial markets. “Hahaha. I wonder who issued these warrants. They are just trying to con people. Look, no matter if it’s put or call, the warrant prices had plunged to 0.001 RMB. I think no warrants will be issued in the future. Only fools will buy those.”

“Zhuang Zhi who was listening to their conversations: “That’s right. You can buy anything except for warrants.”

Changjuan also overheard the conversation. “My husband had bought Magang warrants in the past, and he ends up losing all his money. Listen to Sis advice. Don’t meddle with warrants.”

Lunchtime was over, and Tan Limei brought a stack of documents to the copier machine.

The stock market also resumes trading for about 2 minutes. Dong Xuebing took one more look at Changhong Warrant price. It was still 0.02 RMB, and he closes the software. But the next moment Dong Xuebing was stunned. He stood up from his chair. Damn!

0.02 RMB was two cents.

It was not 0.002 RMB!

Was it real? Did Changhong warrant prices increase by 10 times after trading resumes?