Today's grid trading bought 2 lots of pharmaceutical leaders.
The real estate sector, which has just picked up this week, is back today, which I am not surprised by, the market's long-awaited stimulus is delayed, and the upward momentum is naturally insufficient.
Although the official media has frequently loosened the wind on real estate recently, and a plan for the transformation of Shenzhen's unified rent has been introduced, most of these policies address the symptoms rather than the root cause, and are prone to other problems. For example, if the first-line real estate is loosened, then buyers may sell the third and fourth tier properties for replacement, and once the house price plummets under the huge selling pressure, the land finance will be unsustainable. The unified rent renovation looks very good, but the cost sharing problem is not clear, the decoration company has to make money, the property has to make money, the bank has to make money, if the rent does not rise, then it must rely on government subsidies, which may be a bottomless pit and at the same time there is a problem of distribution fairness.
In fact, the various problems of real estate are not unsolvable, such as Singapore is a good reference answer, as for whether to learn from it depends on the wisdom of the leadership.
The caption to the header row of the Fund table reads:
Income type: relative return - the income target exceeds the CSI 300 in the same period; Absolute return - the pursuit of falling bags for safety, control of drawdown
Grid fixed investment: OTC fixed investment - the number of OTC funds is abundant and the operation is simple; Floor Grid – Conditional sheets provided by brokers can be automated without marking
The caption to the title row of the convertible bond table is as follows:
Grid band: band - active high throw and low absorption; Grid – passive high throw and low suction; 129 – sell after being above $129
Double low: double low = conversion price + premium rate * 100
Some positions on June 9, 2022 are as follows
Policy description:
For convertible bonds with acceptable texture, adopt the strategy of falling back after the price reaches 129. When buying, the price is controlled below 124, the premium rate is preferably below 20%, and the high-quality target can be appropriately relaxed.
For bonds with excellent texture, take long-term holding and actively or passively sell high and low to enhance returns. When buying, the price is controlled below 200, the premium rate is preferably below 10%, and the high-quality target can be appropriately relaxed.
Pay attention to debt conversion: