Both of these CWs will definitely shoot up tomorrow. Based on today's closing price for the underlying share, PETROCH-C3 is only having a premium of 1.16% and CHLIFE-C1 having only 3.52% premium. Now.. those are superbly low premiums! In order to own blue-chip stocks at a cost less than 20 cents, there should be a premium to pay for. No one would call you an idiot for buying PETROCH-C3 at 15% premium, or even at 20% premium. I believe PetroChina will reach its TP of HKD13.50 in no time.Thursday, June 21, 2007
New listing: PETROCH-C3, CHLIFE-C1
Both of these CWs will definitely shoot up tomorrow. Based on today's closing price for the underlying share, PETROCH-C3 is only having a premium of 1.16% and CHLIFE-C1 having only 3.52% premium. Now.. those are superbly low premiums! In order to own blue-chip stocks at a cost less than 20 cents, there should be a premium to pay for. No one would call you an idiot for buying PETROCH-C3 at 15% premium, or even at 20% premium. I believe PetroChina will reach its TP of HKD13.50 in no time.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment