View of The Day: 18999 海油滙豐零一零購 (認購證)

883 CNOOC followed the market rebound, closing 3.302% higher to $ 13.14% today. Most (not all) of the indicators still show that it is oversold. MACD indicates a correction and a likely rebound.

I recommend we look at 18999 HSBC-CNOOC Call.

Closing today at $ 0.073 and expiring 22 Oct 2010, it has room to go up and time to wait. Turnover suddenly soared to 74.94 m, indicating people are paying attention to it. At close to 7x leverage, this call appears to be a good buy at the moment. I think around $ 0.065-0.07 seem acceptable. Let's see how it goes in the coming 7 days.

Source: ET Net; 18999


833: CNOOC