Category: Money tips Release Date: 2007-05-19
Source: National Securities Kou Jianxun
After two consecutive trading days after the rebound in Wednesday re-emergence of Shanghai and Shenzhen stock index fell sharply, and the market turnover also continued to shrink as investors wait and see the atmosphere is very strong. In particular, the rapid decline in late index, surging out of panic sell into disc, fully reflect the market's rally did not hold much hope. We believe that the current market is immeasurable space or stage, short kinetic energy from the quick release into the pre-slow digestion, this process will be more complicated. Index will be a retreat into the way of the completion of two mid-level adjustment, in the meantime will continue to launch multi-resistance, is reflected in the K line is Yinxianyangxian alternately. Although the majority of stocks will be adjusted downwards along with the broader market, but the short-term opportunities are quite conspicuous.
Continuous short squeeze with the rising 3,4 index of the month, stocks regardless of the merits, when investors pulled together a continuous blind pursuit of high similarity, and now the market is irrational, the disk there is a sign of trouble, investors will be regardless of the cost of selling the stock they own, resulting in index and the stocks of fast-diving. We believe that the market is caused by fear of the main reasons for the recent market plunge straight. Since the 5.30 since the index suffered heavy losses, most of the value of individual stocks have embarked on the return road, but continued to decline after many stocks fell 40% or more, marriage and the amount of rapidly shrinking stocks are already reflecting the short-term adjustment basically completed, the technical rebound should appear. However, due to the market of non-rational behavior, the real delays in the arrival of a rebound, even in the broad-market index stocks to defend the case, the market does not buy it. In our view, did not only rise in the stock market did not fall, nor did the market fail to rise only to fall, a serious short-term oversold after the rally is also brewing.
Disk of view, the overall trend of strong wine plate, think of yesterday's strong performance of non-ferrous metal plates, we believe that funds, some institutions began to appear at the bottom of getting goods with traces of the above two sections belong to the same The Awkwardness of Fund, funds and other mainstream agencies have not yet dared to the end of the market time to adjust the positive Jiancang, fully demonstrated in the current point and that some stocks were among the Shenfutiaozheng, the group has returned to a reasonable value range, re-equipped with long-term investment value. Thus, the adjustment process in the afternoon, the Stock polarization trend will become more apparent, investors should pay close attention to the fundamentals of individual stocks, avoid falling into the trap of underperformance subject shares.
Operation strategy, it is recommended to see the majority of investors in small animals and actively studying the fundamentals of individual stocks at the same time, may be appropriate to participate in short-term operation. Pig prices such as the recent rise in prices for pork stocks may benefit from the formation of good, such stocks is expected to be short-term hot money speculation. Investors may focus SHunxin Agriculture Company (000860), * ST Luo cattle (000,735), etc. with pork stocks closely related.
