Category: Money Tips Date: 2006-10-11
Source: Guangzhou Bandung
Abstract: Semi-annual disclosure of listed companies has been opened, money will be going separate ways as the entry point for mid-year report to start the second half of the Nuggets trip. There is no doubt in the market gradually return to rational, the value of the stock supporting role more prominent. However, in addition to grasping the value, the correct operation strategy is equally important.
Game Analysis
A) the main and policies of the Game:
1) the adoption of a pending labor Yat strategy: to Plaza pending labor is one of the insights gained in terms, refers to the war fully prepared to recharge your batteries, and so tired when you give the enemy come to attack head on. It was with this account of the Magical, Sun Bin successfully ambush Maling Road, Pang Juan, has made its own military career was a major victory.
In real life, especially the stock market, things like frequent. For example, some investors overanxious for quick results, with the Quote of the short-term fluctuations and frequent access, the result is rarely harvested without straw; on the contrary, some investors are calm and composed, to seize the opportunity to intervene after the quietly hold, ignoring the short-term trend The result will be very fruitful.
Regardless of when the market rise, or when the market adjustment to Yi to be labor's strategy are important. Currently, the market is a lot of bad elements, such as the abolition of interest tax, QDII release, 1.5 trillion special treasury bonds, investigate and deal with illegal funds, for a market capitalization of side effects are still difficult to estimate, and therefore the trend of the market in the medium term there are still more great deal of uncertainty; if investors suddenly intervened at this time is most likely to suffer the pain of quilt.
That being the case, investors would be better to adopt a strategy of labor Yat be temporarily holding cash at hand watching, waiting for the situation to further uncertainty, as well as the arrival of better opportunities for intervention. In fact, recent policy has been to the market face a bigger psychological pressure, the level of activity as market sentiment continue to deteriorate; believe that the trend over time are difficult to change. In addition, the big city moving average systems have formed a clear anti-pressure, adjust the trend has been established. In this case, the suspense to do short-term operation is no different from blade Tim blood.
2) Quweicunzhen attaches great importance to the rule: Of course, we do not stand idle waiting, but should be targeted to wait, from now on we should initially set up in the second half of the operation target. In summary, is "one central task and two basic points", one of the center refers to the "Quweicunzhen" as the central task and two basic points to be disclosed is reported as basic points, to pre-movement as the basic point.
Why should the "Quweicunzhen" as the center of it, after a bull market catalyst, the virtually all stocks have a certain amount of increase, but in fact is a mixed texture of each company, such as the subject unit reorganization, performance increase can be the letter and so on. Looking in the second half, the structural Quotes more likely, only the support of the substantive value of individual stocks, the probability of stand out in the market was relatively large. Therefore, a careful screening, Quweicunzhen the principles are important.
Two basic points, using a mid-year report as the basic point is that because the export tax rebate adjustments and appreciation of the renminbi and other factors to some extent to accelerate industrial restructuring, the impact of different companies are different, the need to draw mid-year report to confirm. In addition, the mid-year report will help distinguish between the substantive results of the growth was mainly to see whether it is a one-time revenues (such as the one-time investment gains).
In order to pre-movement as the basic point, is mainly aimed at subject unit. As the prevalence of speculation in the first half of shares or alarming subject matter. Of course, part of the subject unit is still a substantial theme. Therefore, the market adjustment is to provide investors with a good opportunity for intervention.
3) The trade-off between offense and defense: in the former paper, this column has been mentioned several times as large blue-chip defensive species, from the last few days of market performance, large blue-chip indeed a reflection of a strong defensive play. In fact, including Sinopec, the ICBC, Bank of China, Baosteel, including heavyweights, valuation is reasonable and even slightly low. Of course, in most cases, a strong offensive blue-chip growth stocks is still substantial reorganization of stocks and shares subject matter. Investors in the choice, it can combine their own risk appetite to carry out trade-offs.
B) the main financial Game:
Taking into account the index is at a relatively high level with the upcoming stock index futures and other factors, some of the main body throw some of the lucrative chips to lock in profits, or to shift the focus of configuration varieties of higher margin of safety, but the overall position has also been a relatively early stage decline. New funds, although some species have begun Jiancang, but the intensity Jiancang not. In general, agencies have taken while walking to see, The Hills view of the cautious strategy of fighting tiger. In the heavyweight competition, the agencies have launched a layout.
3) between the medium and small retail game:
Proposed to focus on the texture of a good investment in M & A unit, or a lower price-earnings ratio of second-line blue-chip. For the short-term performance gains without the support of individual stocks is too large, you can consider progressively lighten up.
Disk X-ray: is expected to rebound in a short period of the request, but is not optimistic about the medium-term.
The opportunity to plate is expected to: It is recommended to pay attention to blue chips, be cautious.
Market Risk points: short-term or excessive stocks, pay attention to out rallies.
Protection measures: proper control positions.
