Category: Money Tips Date: 2007-05-10
â–?the first trading day of a resumption of the fluctuations in prices is particularly important. If the company's share price after the pilot in the range of basic maintenance, and the company is at a relatively generous price, then do not chase the premise, it can be bought on dips. Aggressive investors usually the best time to intervene in time for the T +2 ~ T +4 day.
â–?Pilot sincerity is better, according to the views of the outstanding shares to amend the company's share price on the price of the program will remain high shock, the program revised stock price to drop a radical type of investors sub-optimal timing of intervention.
â–?the right to vote the day of registration will appear the right to grab the trend, especially the outstanding shares of stock are more concentrated (high turnout), through the company's share price would have a higher probability of closing grab plate signs of a radical intervention of a good time for investors .
â–?vote a resume trading after the announcement of the first trading day will normally be closed at the limit-Chi Chou attitude is better, the same day if not more than 10% turnover -15%, which may continue to hold.
â–?the results of the second resumption of trading after the announcement of trading days (date of registration of the right to compensation), they often become heavy volume shocks have been profit taking chips, turnover is higher than 20% -25% of the need to heighten our vigilance.
â–?tradable day, the stock is "a right to compensation," the complete disappearance of short-term ascribed to fall, it is recommended strongly clearance. Investors should understand that the number and compensation of the price of the stock or not is not the determining factor in the true intrinsic value, it should be regarded as the opportunity to set off a speculative stage of "non-recurring gains and losses." Medium and long term, theory and reasonable valuation should be based on the level of full circulation environments as a reference price-earnings ratio, its price-earnings ratio should be less than those who do not carry out pilot projects, still containing the words "the right to compensation" in the same industry comparable companies (assuming the market price of the average of the ratio of 20%, will have to discount 20%). In Sany Heavy Industry, for example, if the industry consider the company's inner super-growth factors, medium-term and reasonable price-earnings ratio and a maximum of 8-9 times Zoomlion earnings flat, the equilibrium price in the 12-13 yuan. Price-earnings ratio should be at least 8-9 times Zoomlion price-earnings ratio of 80%, the equilibrium price in the 9-10 yuan.
