Category: Money Tips Date: 2007-06-04
Hong Kong's "Journal" well-known financial commentator Cao Ren-chao, a failure of the investor mentality and are mainly two kinds: One is fear, investment, the performance of the operation is life ever hope to have a sense of security but unwilling to take risks, to avoid taking risks has repeatedly missed opportunities; one is a result of resentment and investment, the performance of the operation is too aggressive, anxious for going to extremes, or over-optimistic, or too bearish, but lost the courage to take risks rash. Two kinds of investor mentality and are based on the hardship of poverty. ĺ’±side with the words of a fear of the poor and tried to change the poverty and equity investments by not being respected fate.
Therefore, the failure of investment mentality will lead to backfire, it is not talking about things like rational analysis on the stock market. To Mr. Cao Renchao "talking about things like" on the mainland stock market analysis, he considered that, despite the market reforms of the block there are still many, but a radical reform has already begun, a series of active market policies are implemented to maintain normal state of mind to invest in the right time. According to "China Securities Journal," the statistics, has published the second batch of 40 pilot companies tradable, June 17 The weighted average shares outstanding times price-earnings ratio of 12.14, while the right price level conversion in accordance with existing Major Holders average number of diluted price-earnings ratio will drop to 9.64-fold, so, 40 companies have been closed to the potential downside. And used this as a benchmark, the projected remaining 1,300 companies after the split share structure reform of the earnings level of all of its price-earnings ratio has dropped by nearly 30%. In theory, the market's overall investment value will be further solidified. Of course, we must see 1400 listed companies, survival of the fittest, the actual investment value with a reassuring lack of one-third of the company. In the chaos of split share structure reform, we have to intervene decisively and stick to live in this one third of the company, at least invincible. Of the remaining two-thirds of the company? In the post-split share structure reform, the reform process as well as mergers and reorganizations can be thorough, like a few years ago Joan China Zhongguancun source into a complete brand new style will be a substantial restructuring of self-generated, so these companies will be further divided. There are indications that, just as feature article in the last period reported in Chongqing Huang Qifan led a comprehensive restructuring of listed companies are being emulated by other provinces and cities, some provinces and cities lined up to high-quality IPO companies are turning to the secondary market through the backdoor listing. Such a comprehensive transformation of the existing listed companies will be magnificent texture of mergers and reorganizations under way. We have no reason to be close to 1000 points, the stock market or too pessimistic.
The secondary market for our existing investors, the failure of more direct investment from a four-year bear market mentality of the torture, the tragic experience of leaving the fear of investing so that we worry about the outcome, did not dare to bear the investment risk; while many of the past context against the "Excellencies," principles of resentment but make us extremely pessimistic. Both attitudes have to be adjusted. From the stock market falls, only to climb up from the stock market. After all, the stock market environment in which quality improvement is taking place.
