Category: Money tips Release Date: 2006-01-22
Thursday continued narrow finishing tape volume again dropped, which is still a typical consolidation trend, from the disk to see the performance of individual stocks, hot spots, is still in a messy state. In Shanghai Stock Market, for example, just yesterday, the Shanghai Composite Index rose 5 points, but there appeared more than 400 stocks rose; Although three stocks daily limit, but rose more than 4% of the stocks are very limited. From this point of view, they are basically verify that the previous judgments. "Calm" the market is characterized by mass it is hard for the opportunity, we believe that in such market conditions, on the one hand, make money harder to come by; the other hand, investors should pay more attention to individual stocks are short-term local opportunities.
More difficult to profit
Objectively speaking, in the current market environment, to find out the obvious hot spots, does have some difficulties, but the difficulty of accurately grasp the opportunity to a corresponding increase in number. Yesterday, oversold cap, lower the local shares in Shenzhen and Pudong building strong short-term shares, as well as Sinopec, represented a good part of the blue chip market performance. But in fact, these appear to have the plates do not have the combination of features associated with duplication of logic.
For example, Tian-hua shares, ST Tung Yuen although both belong to oversold-cap, lower, but the two stocks at the same time limit-the fundamentals of hard to find very reasonable explanation; Again, Sinopec, Yangtze Power and other firms, although all indicators of stock, but the At the same time increase has great chance; Shenzhen, the local unit, the Century Plaza Hotel in limit-driven Shenshen Bao, Shenshen Fang, Shen Baoan and other firms appeared a certain strength, but the fundamentals look strong, Shenzhen, Hong Kong stocks also did not a common reason.
Hot difficult "insulation"
We believe that, for the different active stocks yesterday, because stocks have higher intrinsic motivation is different from the trend of the market outlook is expected to occur a certain degree of differentiation, but generally speaking, sustainability will not be rising too.
To blue-chip as an example. Sinopec targets belonging to yesterday's best-performing stocks, which may be related to the market's Sinopec on the anticipation of its corporate restructuring, which is expected to trend in the latter part of the unit may have a beneficial impact. As for China Unicom and China Yangtze Power, to some extent, this two indicators of short-term stabilizing stocks have some chance characteristics. From a technical point of view, China Unicom has focused principally on average 5 to run, the Yangtze River in the early stage of high power near the shock, average system also continues to support effective, but technically do not have the start conditions, which could weaken the city was opportunities. As for the other plates, such as the oversold stocks, Shenzhen, Hong Kong stocks and so on, if the fundamentals are still in a vacuum, it would face short-term pullback, did not have operable.
Four principles to capture the opportunity to
In view of the operation of the market characteristics and the basic characteristics of active stocks, we believe that investors in the strategy should remain relatively cautious, in the grasp of local opportunities also should insist on ultra-short-term mode of operation, specifically should observe the following four principles.
First of all, pay attention to trends in individual stocks to run their own. Short-term active stocks mainly reflected the transaction characteristics, then the investors the opportunity to grasp the fundamentals should not be the main concern, but rather should focus on the operation of technical trends. In general, the market instability, and business cycle is relatively short, therefore, the participation of an individual stock investors to grasp the key technical indicators.
Second, to avoid the risk of semi-annual report. At a time when the progressive kicked off a period of semi-annual report, stock prices reflect the performance factors that are quite sensitive. We have the opportunity to grasp, while not necessarily required for the blue-chip stocks, but we should try to avoid the performance and early warning Pre-losing companies.
Third, the focus on financial sustainability. The operation of the trading strategies of species, suggesting investors look at the relatively strong financial strength of companies, so that operability is relatively strong number. For example, the building of Pudong, in late June by news emerged under the influence of rapid pulled up, funding activities, clear signs of a recent adjustment typical of a strong state, if the half-line access to support, then it is expected to challenge years of line, investors The focus may be.
Fourth, a greater chance of leading shares. For example, the Shenzhen local shares, if the Quotes can be sustained and the leading position of Century Plaza Hotel will become more pronounced, which is transactional opportunities should be the focus of attention.
