Category: Money tips Release Date: 2005-12-27
Source: Guangzhou Bandung
Abstract: Each heavyweight strength, the market was apparent division, today is no exception. From the disk of view, the weight of indicators shares of China Unicom, Bank of China, Industrial and Commercial Bank of China and other very well among the biggest gainers; the same time, pre-set have a strong profit-taking stock, including shares of brokerage paced the declines.
Game Analysis
A) the main and policies of the Game:
1) to reproduce the bubble theory, the differences will alter the market strength: 51 A shares were also sharply higher after the holiday to open, showing a strong pattern of short squeeze, in which shares of brokerage rally plates are particularly shocking. A share of this surge phenomenon has aroused widespread concern and controversy, the Hong Kong Ta Kung Pao said that the Mainland stock market in recent months, had already fallen into frenzied state, whether under the heavy-handed regulation to deflate the stock market bubble, or the bubble burst on their own, has not only is a national concern, global markets are also closely monitored. In addition, the experts also said that should not be kept up and up every day, the market has clearly emerged out of control signs.
Relevant concerns are redundant do, the policy will be introduced regulatory policies do. For this series of questions, this column that the market adjustment pressures would likely be divided into two categories: The first category is self-rising too much against the amendment, the second is the policy of pressure on the grasp on the basis of these two types of pressure can determine the broad market trend.
First, the market pressure on their own amendments. From March onwards, the market's rise has been more than 40%, technical requirements should be adjusted. However, the weight plates in this round of increases has lagged far behind in Quotes, more likely compensatory growth, which to some extent, blocked a large city, room for adjustment. Therefore, the afternoon of the adjustment pressures are local, not global in nature. In this case, even if the market self-adjustment of the depth is quite limited.
Second, the policy pressure. Some experts predicted that economic growth in the second quarter will continue to maintain a rapid growth, but slightly slower than a quarter; by the end of 2006 the impact of rising food prices hikes resulted in the second quarter rate of increase in consumer prices will be increased. Overall, the economy is still healthy growth pattern, in the second quarter did not increase the pressure on macroeconomic regulation and control trends.
The most important thing is that management to absorb the liquidity of the stock market as a role should be not changed. Therefore, the policy measures of the maximum pressure is only stock index futures, but related measures of progress in terms of stock index futures is unlikely shortly.
2) the market hot spots in the event of transfers do: Every time heavyweight strength, the market was apparent division, today is no exception. From the disk of view, the weight of indicators shares of China Unicom, Bank of China, Industrial and Commercial Bank of China and other very well among the biggest gainers; the same time, pre-set have a strong profit-taking stock, including shares of brokerage paced the declines.
Then, differentiation of this structure mean that the hot spots in the event of the transfer market it. From the current market performance, the effectiveness of this shift is still not easy to judge, but one thing is possible in the affirmative, the market chasing higher brave the same time, security requirements have increased, for example, the last few days B Shares rose across the board, low-priced blue-chip compensatory growth, are reflected in this.
To this market psychology, determines the hot spots with space to imagine two kinds of features and security. From this perspective, the new accounting standards are concepts and assets into the plate to meet this requirement. First of all, after the implementation of new accounting standards, some of the intrinsic value of stocks will be re-valuation, margin of safety will also be increased accordingly. Thus, equity brokerage, trust, banking, and other listed companies, or have investment in real estate stocks, the market outlook is still expected to rise. Second, the assets into the plate due to the overall quality assets into the listing or the valuation space is opened, the same concern.
B) the main financial Game:
Taking into account the index is at a relatively high level with the upcoming stock index futures and other factors, some of the main body throw some of the lucrative chips to lock in profits, or to shift the focus of defensive configuration varieties, but the overall position has declined relatively early stage. New funds, although some species have begun Jiancang, but the intensity Jiancang not. In general, agencies have taken to look look, The Hills view of the cautious strategy of fighting tiger, even in the heavyweight competition, the same is not deep wading.
3) between the medium and small retail game:
Proposed to focus on the texture of a good investment in M & A unit, or a lower price-earnings ratio of second-line blue-chip. For the short-term performance gains without the support of individual stocks is too large, you can consider progressively lighten up.
Disk X-ray: tomorrow is expected to rise slightly to maintain the high shock pattern.
The opportunity to plate is expected to: I suggest a relatively high margin of safety concerns varieties, such as the concept of the new accounting standards and assets into the plate.
Market Risk points: short-term or excessive stocks, pay attention to out rallies.
Protection measures: proper control positions.
