Category: Money tips Release Date: 2007-04-26
IPO has always been short-term trade-off as the most important one species, but we found that many investors often are not high quilt, that is, liquidate out, can be profitable indeed rare. We recommend that investors from the following three aspects.
First of all, timing. IPO wave after wave of speculation has always been, and if this installment, the first opportunity in the listing of new shares, often followed by a few will have a good return; but if this installment, the first listing of new shares to go bear and usually hurt the other shares. This phenomenon can be understood as "herding." For example the beginning of 2003, CITIC Securities listing Xianyihouyang, followed by the Anhui-pass high-speed is also to follow cattle. This year, because of China CAMC is not a good beginning, followed by the Datong Coal Industry, Coship, also does not appear big opportunity. From a timing point of view, investors need to be patient to wait for nearly phase first of the new shares can continue to take the cattle there.
Second, the location and price. The price of new shares on the first day of its location plays a decisive role in the latter part of the trend. If the first day of orientation is much higher than the average market expectations, then the afternoon bound to return, such as the work of international, was the first day of sharp Chaodao 50 yuan, while pocketed the eye, but ultimately still have to rely on daily limit to eliminate the bubbles. If the first day of orientation significantly below market expectations, then, can also cause short-term funding concerns. The seven stocks listed on the year, positioning the fundamental is much higher than market expectations, it is difficult to have outstanding performance in the short term. From the price point of view, too high a price is not conducive to attract capital's attention. As Chau Electronics shares more than 40 yuan, due to the absolute share price is too high, market participants would greatly diminished the enthusiasm to follow up on those who have less, and if the stock price is less than 15 yuan, it is easy to cause the market attention and sympathy. This is also in Yunnan Salt to new shares in this installment of the more prominent cause /
Finally, the turnover and Liutong Pan. IPO order to have the opportunity to, first of all is absolutely not negotiable shares too much, like the Bank of China's super-large capitalization stocks that are large corporations pressure Xiangdi varieties, short-term funding is difficult to leveraging this monster. Even the Datong Coal Industry, circulation, market capitalization reached 30 billion yuan, not suitable for short-term working capital. Generally speaking, the market value of 10 billion with, Liu Tongpan million in 4000-6000 between the stock more suitable for speculation. And then from a turnover point of view, based on historical experience, the first day of turnover are relatively modest at between 60-75%, changing hands too high, the need to digest Fu Chou, like China CAMC change hands more than 90%, becomes is not normal, while low is illustrated in the main failed to get enough chips, is not conducive to rapid capital as a. The day, changing hands most active period of time focused on opening half an hour, if this time 25-30% turnover rate can be achieved, then the probability of the unit strength of a larger post.
If you want to participate in the central line of new shares in investments, they need to combine the fundamentals of listed companies.
