How to look at tape and the blue-chip stocks with the subject matter of the dispute Money Tips

Category: Money tips Release Date: 2007-03-14

Source: Luo Lu Shi Galaxy Securities

Hu Zhi back above 4,000 points, due to above 4,000 points, the management had introduced a number of cooling a continuous increase in stamp duty news is once the market panic, and many individual stocks have been out of the consecutive five lower limit the plunge. Today, although the broader market back above 4,000 points, but many individual stocks are far below the back of this year's high, estimated at 4,000 points above the long-short will be conducted among a debate, in the end the market is currently overvalued or low estimate ? In general, if a single price-earnings ratio from a static measure, compared with the mature countries, the stock market now is in China's stock market is indeed overvalued level, but taking into account the potential of the yuan appreciation, China's high economic growth, as well as 2008 Olympics growth opportunities brought about in the long run is still moderate, so our view is that around 4,000 points, the market has a structural risk, but still have the potential for medium to long term, while worth noting that the recent addition to above 4,000 points is overvalued or undervalued in the end of the war, there is in the end is the theme of shares to buy blue chips or dispute on this point, we need a comprehensive look at the dialectical. There is no doubt that the blue chips in the long run is the best option, but the pursuit of maximizing the return on this point of view, we do not think it is the best choice. Because from the broader market bottomed out at the end of 05 after the rebound in blue-chip has come out of it The value of return to the road, thus completing the initial stage of the bull market.

To enter in 2007, China's stock market has entered the intermediate stage of the stock market, and in the bull market of the intermediate stage, it is growing speculation, fried expected, which is why the first half of this year the main theme of the most sought-shares, the stock market at different stages by the by the decision. But we also undeniable is the lack of growth of the subject shares, there will be a great risk of blind speculation, which is pre-share prices of the most vivid theme of risk education. But also one should note that they are substantive, the most important theme of growth stocks is the difference between, for example, this weekly, with the help Haitong backdoor listing this hot, the concept of equity brokerage has a very hot, you can simply say that the subject matter is shares hype do? Because last year and this year's bull market, volume is undoubtedly a substantial increase in the performance of surge in brokerages, which have the growth we need to figuring topics and themes simply the difference between stock speculation. Of course, we must repeatedly remind the topics that stocks should pay attention to short-term speculation in the operation, in order to deal with short-term vision, and set a good stop-bit, and we say this not negate the value of blue-chip investments, but the blue-chip single-price-earnings ratio is a measure of static its value, it would be better to buy H shares, or even worse resale values it would be better to buy up to 30% of the closed-end funds, because they hold the majority of blue chips, they are the blue-chip discount.

Back to the recent market hot spots, the concept of equity brokerage hot topics Monday through after Tuesday has been divided, because the concept of equity finance this year's hottest hot spots, usually following the hot concept in the brokerage, equity participation, the concept of banks and futures will have a chance, because suggests that people should focus on Zhejiang Zhen-Yuan (000,705).

As Zhejiang Zhen-yuan bank shares this theme with a large amount of money. And it still has an old Chinese, a century-old store "Zhen-Yuan Tang," the concept of the medical chain unit in the medical reform year of great change, to Southwest Synthetic Pharmaceutical stocks Tuesday, and many other daily limit of their strength and an opportunity. In addition, some pharmaceutical stocks is different from its pharmaceutical chain owned by the large number of low-cost procurement of medical stores, under the theme of the RMB appreciation is also a great opportunity.