TITLE

Buy Low, Sell Lower

AUTHOR(S)
Epstein, Gady; Jie, Li
PUB. DATE
September 2009
SOURCE
Forbes Asia;9/21/2009, Vol. 5 Issue 14, p22
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article presents information related to accumulator contracts and its increasing prevalence in China. In this, investor commits to accumulate large blocks of shares of a Hong Kong-listed stock every day for a long period and if the stock goes up a certain amount, often only 5% or so, accumulator contract terminates, but if the stock tanks, one will have to keep buying it. Many Hong Kong millionaires have lost around 2 billion dollars last fall on accumulator bets placed with several banks.
ACCESSION #
44562641

 

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