Category: Money tips Release Date: 2005-12-24
Source: Beijing Youth Daily
â–?3 Huzhi fell 144 points this week, the stock market index experienced a slump in once in a decade
Four trading days benchmark Shanghai Composite Index had slid 272 points, the stock market bubble has burst, or institutions in the Xi Pan? ---
Recently, more and more warm weather may be the market but with the cloudy time soon; tape after another choppy session yesterday, is below the 2700-point level. This makes a lot of new investors entering the market scared: in the end is the stock market bubble burst? Or institutions in the Xi Pan? Individual investors quickly sell at a loss whether or not to flesh? Can not invest in stocks? Seeing the Spring Festival is approaching, investors how to do?
Current Guests: Southwest Securities Vice President R & D Center and thoughtful;, chief analyst at Wen Guoqing;, chief analyst at Morgan Stanley Investment XU governance; Meng, senior analyst at Galaxy Securities in Beijing
â–?plunge is a bargain-hunting opportunities for looting plate
Q: From the recent market downtrend to see, you think this is broken then the stock market bubble? Or institutions in the Xi Pan?
Thoughtful: I see mainly callback look up more. In fact, such a drop Quotes, every plunge is bargain-hunting investors a golden opportunity to grab plate. Another big bull market, shock and inevitable, short-term adjustment will also benefit the stock market can be even more ambitious interpretation of a more healthy new round of bull market.
Wen Guoqing: down more than 200 points, is down? Well not really, small adjustments Bale. It was also stated that the new shareholders who are a bit harsh, I think on the contrary, you have to educate them about, or else they do not know what the market.
As for the couple of days ago, some experts say the bubble theory, I disagree with this point of view, feeling that their views are the primary; but I am very satisfied with its role. Form may be wrong, but there is actually very useful; January rally, get out of control, should also fell. Late or not as good as early as fall, I think this pullback down to almost a 500 points; If so risen to 3500 points, dropped by another, it would have to fall down over 1000 points of the!
XU rule: do not save China's stock market bubble? Of course, there has always been there. Be issues of concern to investors is not a bubble, but in the background of a certain market environment, the index will be in what manner. Prompted market risk certainly wrong, but it appears the timing of it makes very uncomfortable. I think that the risk is responsible for prompt preventive measures, rather than looking after the pleasure of adding insult to injury.
In the previous upward trend, the agency can not and did not want to chase the next disc Jiancang way. In January of this year, the whole market changed hands again, with an average holding cost of more than 30 times earnings, the market first need to determine the cost of a new starting point. The next need to consider how this horizontal line established in 2007 under the new funding position, so this type of shock adjustments Xi Pan appeared.
â–?adjustment is for the Golden Decade of Charge
Q: Do you think the stock will be the next stop where? Upwards or downwards? 2500 or 3000?
Thoughtful: I think the adjustment is over upward trend will not change. Recall the previous bear market, all the way from the 2,400-point fall to below 1000 points, then how the day off? Is not quite over it? 2900 points now from just fell 2700 points, did not return until more than 200 points, what they count? Only do not enjoy the blessing, there is no can not be subject to bitter Well!
Wen Guoqing: 3000 I am afraid this is unlikely before the holiday, but also where to go or not.
Meng Jing: The two days can only be considered a bull market growing troubles, say something big, which is accumulated for the golden years to maintain the momentum it! Although not necessarily be another one rose Quotes brewing, but I think the need for a rebound is obvious.
â–?Quotes hard to the end of this location
Q: There are two trading weeks from the New Year, do you think Quotes improvement in the pre-holiday What do?
Text National Day: I think it was a bit too blue-chip up, and do not match with the big move. Like a hundred shares of Moutai simply do not represent the mainstream of the market direction. I am not optimistic about Maotai, one day it will go down.
XU Zhi: I think this adjustment is a technical point of view from a form of requirements, from the market point of view the purpose of the institutional process of Jiancang new funds will be held based on the average cost below the cost of the process. I have to admit that the market bubble of excess liquidity is there, but the Quotes in the report during the short-term swings are normal.
More importantly, the bottom support is solid, then in fact a lot of disk resources, and business is very difficult at this location to an end, shocks will be a new starting point. Sooner or later, the end of any round of the bull market, but not the bubble has just reached a climax when, it will not be at this point in time.
Meng Jing: In fact, in a recent decline in second-line blue-chip has been demonstrated clearly the power of resilience. Like yesterday's index fell 112 points, second-tier blue chip among the coal and coke stocks may have contrarian pulled up, Shanxi Coking (600.74 thousand) closed limit-Aetna Group (600,408) contrarian income yang. After all, the market has been falling for Fu Chou further cleaning, I think the main fund will not give up, "daughter not buy cattle back" opportunities, which lead stabilized, and the first to rebound more clearly the desire for second-line blue-chip rebound.
â–?Investors should not panic sell into
Q: What do you think investors should be holding cash at hand, or holding the Chinese New Year Chinese New Year?
Thoughtful: if you think the bull market in long-term trend remains unchanged, then you should strengthen our confidence, Na Hao stock. However, I would like to remind everyone that the first thing to enter the stock market is to establish a sense of risks; In addition to yourself, no one in this market, you pay. Especially those that do not bear the flames through the baptism of new investors who have money to buy a lesson is worth it.
Given the current stock market has risen a lot, from the perspective of effective control of risks, investors should not be used Shigekura operation mode, all-in all-out warehouse operation is more full of outdated and now need to control the proportion of capital investment risk tolerance range. Position heavier investors should have the choice to dump shares, reducing positions, or part of the investment funds to relatively safe investments, such as the purchase of new shares and so on. Eventually, only the profit or stop doing a good job of preparation, once the market systemic risk, we must resolutely liquidate sold to prevent losses from expanding further.
Text National Day: There is no hope the bull market bull, the bull market to bull market of the fear of this kind of "pay lip service" should absolutely be rejected. Now we are living in a bull market environment, it does not mean that the Great Leap Forward-style index of the bull market. Be able to clarify this point, investors had to be invincibleå•?
Meng Jing: I think this round of the major causes of a bull market, that is, the interests of listed companies and investors bundled together, a major shareholder has failed to make the majority of reduction stage, the market may not see the big top there, so investors should reaffirm our confidence. In addition, short-term investors should not panic sell into the market so as to avoid any mistakes again, the rhythm. In fact, if you do not want to take risks, and is now involved in closed-end funds, especially short-term memory, there are stock reform of the closed-end fund arbitrage opportunities is not bad.
XU rule: the adjustment of the bull market bear market that is adjusted with the essential difference, the great bull market of the adjustment is to digest profit disk, do more to re-build a new energy, in the adjustment of at least 20% to 30% of the stocks can be times of adversity strength. Therefore, the operation should be different ideas on the plate and the different treatment of individual stocks, or a large variety that can only profit, but since last year or too small, and just heavy volume stronger varieties can continue to hold.
