View of The Day: 20472 騰訊麥銀零零八沽 (認沽證)

700 Tencents Holdings - having had a couple of big white candles, think it's time to test if some correction is imminent. Therefore, I pick 20472, a put warrant by Macquarie with expiration on 3 August and leverage of (just) 5.206x. Turnover at 64.94 million shares as at last Friday (23 April).

Though leverage is not high, higher turnover and a longer holding term outweigh the factor of leverage.

Closing price 23 April of 20472 was $ 0.135 lowest since listing. Think it's a good time to buy at current level but wait a bit, on the grounds that STC and RSI going up quite sharply.

Source: ET Net; 700 Tencents Holdings


20472 Macquarie-Tencents Put