PetroChina...

Its obvious that all punters and traders got zapped when they got involved on Petrochina CWs earlier this week... basically any buyers this week will all be cursing like mad or perhaps must be wondering what the hack happen to Petroch?

Well, nothing special but it's mere profit taking on IPO day.. its classic pull the plug day in listing and coupled the financial scares or worries that the subprime related losses has finally force more banks to reveal the skeletons in their closets... now that Citibank has decided to bite the bullet...basically these are the smoking guns to me... the effect of the possibility of Beijing delaying the plan to allow its people to trade HK shares is very minimum though it's there and i don't deny it does causes investors to sideline...

At China's current situation, any rumor is as good as news itself...having fallen more than 35% of its value in HK share price, PetroChina is definitely more attractive than before, its call warrants are falling back to its pre IPO announcement level soon... so I'd say its time to buy back the warrants... C1 and C4 is ok, just make sure you know how warrants are valued before you decide to wack the one you favor...

I'm placing my bet on C4, as its cheap, has the value of time and has higher potential ROI...
When you start to feel that it would continue to go up further, it's time to sell and vice versa.
The inclusion into HSI will be a boost for PetroChina stock in HK. Shanghai Petro is very much constraint to Chinese investors... so foreign investors will have no choice but to go for HK listed Petro.... enough said, anything below 65 cents is like an 'IPO' to me... the choice is yours.