全年成交总额的80%来自10只最为活跃的母股,而看跌凭单(Put Warrant)也比以往更加受欢迎,去年的交易额比前年大幅上涨190%至64亿元,占交易总额的比例也从2006年的15%增至去年的23%。
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事实上,他们是在卖出看跌凭单,并且,他们严重低估了其风险。
In fact, it was selling bear-market warrants and it severely underestimated the risk.
因为可以交易,它就变成了可以投机的,一种对一个公司或国家情况恶化的看跌凭单。
Since they are tradable instruments, they became bear-market warrants for speculating on deteriorating conditions in a company or country.
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