Category: Money Tips Date: 2007-04-25
If the God of Wealth Yaogen deal first two hurdles: the situation in customs and values. On the stock market is concerned, there are only two ways, one trend is to buy (buy trend), the other is to buy value (buy value), buying trends, technical analysis were biased in favor of buying values are biased in favor of fundamental analysis, But both tend to influence each other, the price will affect the trend, the trend will also affect the price. Division can not be absolutely clear, but the point of view on the stock-picking, and some people are good only technology-based linear approach, and some people are value-based approach to grow it, so only these two kinds of zoning.
Value must come through the situation and performance, but the situation has shown are not really valuable, especially the more speculative stocks tend to fall later in the rose, the value of such stocks can not stand the test. In fact, changes in the value of the linear larger than technology, but researchers in general, for a stock's value, often using the linear analysis method to predict, for individual stocks tend to have more explosive not estimated its value. For example, Nanning Sugar Industry in 2005 full-year profit before 0.13 yuan in the first quarter of this year a profit of 0.65 yuan, this performance is difficult to grasp through the linear analysis, the value of many stocks are very difficult to predict a turning point, so the value of analysis than technical analysis more difficult. While the technical analysis there are several possibilities and variability, but through the virtual it may still be able to forecast the biggest change, but the value analysis is often because the big changes in the environment and the dramatic changes in unanticipated major changes occur.
Value strictly speaking, have emphasized the value of long-term vitality of the cycle, with emphasis on performance growth of the middle value, there are short-term speculative short-term value. Buffett's big buy in the oil, not to buy Exxon Mobil, it is because the oil in the life cycle of adolescence, while Exxon Mobil has been in the prime of life. On the long-term investment for 10 years, of course not vote for Exxon Mobil, but to check the oil. The explosive technology stocks often only 2-3 years, difficult to sustain good for over 10 years, we can only be regarded as the center line value stocks. As for the short-term stocks rose is often only have short-term speculative value, time more than 3 months or less. Therefore, the value is based on a 10-year long-term focus, the center line to 3-year focus, short-term focus of 3 months.
