Category: Money tips Release Date: 2006-05-12
As a successful investor, to follow the market, always watching the market and policy change is an inevitable requirement of their investment career. IPO allotment from the transition to the market value of the cash purchase, investors how to deal with changes in the market, pay attention to what the problem?
We must first understand and master new approaches to the specific requirements and procedures focus on the issue of Internet pricing. Such as "approach" clearly follow the subscription money, "one has been notified, no withdrawals," principle. Investors can use their holdings of securities accounts, in the purchase day subscription of new shares issued to the Stock Exchange, in addition to regulations of the securities accounts, each account can only be a securities purchase once, repeat purchase, except for the first time purchase, a valid subscription, the remaining subscription automatically removed from the exchange-traded funds are not actually purchase requisitions be deemed null and void. Shanghai stock market requires each purchase units of 1,000 shares, purchase the number of no less than 1,000 shares, more than 1,000 shares must be an integer multiple of 1,000 shares, but shall not exceed a maximum when the public shares times the number of Internet distribution, or 9999.9 million. Shenzhen provides requisitioning units of 500 shares, the securities account of each purchase commission of not less than 500 shares, more than 500 shares must be an integer multiple of 500 shares, but shall not exceed the present number of Internet pricing, distribution, and does not exceed 999,999,500 shares. Purchase a specific time for T day 9:30-11:30 am, 1:00-3:00 pm, and so on.
Secondly, we must focus on a market-related risks. With the launch of IPO market, the investment shares no risk, do not lose packets will make history. In the new distribution system, market factors will become more apparent. So investors should pay attention to study the fundamentals of listed companies, focusing on a number of research reports relevant institutions in order to circumvent a market risks.
Third, we must learn to "Bianzhao" to change the past stock picking ideas and investment strategies. With the IPO launch of the New Deal, the market's investment will be a fundamental shift in thinking. From pursuing in power, a gradual shift to value investing, focusing on the fundamentals of listed companies to study the market fundamentals will be accepted and respected. For example a market accustomed to "playing the new" investors, as purchase in the ballot to enter the secondary market, because of the nature of risk-averse, so that they will take the initiative to focus on those low-risk, performance is more stable and higher rate of return of blue-chip firms, thus leading the whole market investors in two senses, changing the kind of "heavy technical, light fundamentals" of the stock-picking ideas.
In addition, with the approach of issuing new shares, while the Macedonian market, the structure started to adjust its position, the agency will hand the accumulated gains from a larger potential market outlook is expected to walk a fine line in small stocks and funds, and air out of position, virtual to orientation. On the other hand, institutional investors on the IPO may offer a new high-quality listed companies is expected to have a relatively strong, then the texture better when the IPO will no doubt hold the same stocks agencies have lead to "crowding out" effect, thereby to such stocks share price pressure. With the IPO date is approaching, investors should pay attention to avoid such risks.
