Category: Money tips Release Date: 2006-01-29
Value investment philosophy has been advocated by many unhappy investors in the concept of update losses, in some cases liquidate a stock repeatedly flesh, cut from 30 yuan to 10 yuan, then cut from 10 yuan to 2 yuan ... ... broken through the heart investors Fanran repentance: value investing Yeah, market conditions have changed, have hastened to make up for this lesson!
We can see that, in recent years is the media right up to the value of investments, investors, or talked a lot about the value of investments, as if do not understand the value of analysis and do not deserve to qualified investors.
Unfortunately, most investors get caught in a trap plausible value analysis! We can easily imagine that tremendous amounts of capital to do a stock, perhaps years in advance has been hands-on. Not only to study the company's operating performance, but also on management performance; not only to study within the company, but also on issues of macroeconomic and industry conditions; not only focus on domestic factors, but also always concerned about the infiltration of international variables; not only to study individual stocks, but also depth analysis of the tape, etc. and so on. Moreover, they are set in the operation team, responsible research, there are special manipulator, there are Zuozhen command. In this way, is skating on thin ice, there is no guarantee foolproof. You are just an ordinary individual can do there?
Most small retail and we get nothing more than fundamental news are: First, hearsay and speculation - reluctantly been the main force of the reverse use of this tool was duck to water; two positive reports or notices - a pity that all the news has long been ahead of the main funding know, wait for you to take action when the center of the trap; third broker research report - can we see the largest study, are in a stock has a certain performance, such a lag effect of the decision not the slightest sense of the study ; four personally research - which is relatively diligent, and is also the first choice for certain families, but you take a survey of static information to meet the rapidly changing dynamics of the market, simply be prohibitively difficult. Not only the company's fundamentals are constantly changing, the management of operating risks, alone, the penetration of international economic integration and impact of this one, is enough to make a considerable part of the basic analysis of failure within a short time. And even if you thoroughly understand a company's fundamentals, the market constantly changing, you can continuously study the fundamentals of different industries do?
There is a retail friends, pre-listen to my stocks terrible highways, immediately refuted: highway fees are not cut it? Quotes I say we can expect high-speed Wan Tung, he said: performance only two hair long, how could that be? But the highway, especially in high-speed Anhui Tong is inflation, to state clearly whether you can do? There Hubei Yihua, in terms of fundamental analysis of the company, or industry analysis, are rated as first-class. However, the January 21 start, even the massive big Yinxian collected Jigen, so beloved of her puzzling investors are reluctant to flesh, and consequently suffered huge losses. There is a family friend in bullish Foton Motor, in the broader market fell silent process to recruit, despite the rising share prices drop, infatuation does not change, do not want to share a March 14 fall, the breakdown of the pre-bottom, but also continued to fall! These specious fundamental research, not only failed to help individual investors make money, has become the primary factor in losing money.
Say so, does it mean that small individual investors can not value investing it? In fact not the case. Only the strength and position of individual investors, decided to conduct basic analysis of the most ill-understood. To rely on a smattering of knowledge of the basic analysis to cope with the market, no doubt on the unrealistic, at stake. We must believe that it is to do one since the main capital stock, its fundamentals must have been carried out a thorough study. If the fundamentals of a sudden a problem, then the first sell-off must be the main force. Therefore, you can only do that: understand the main financial trends. The main funds into Ye Hao, out of Ye Hao, will leave traces in the K line, must be reflected in the price and trading volume. We just need to understand the relationship between volume and price and in accordance with the laws summed up the relationship between volume and price, timely and out on it. This is also the value of investment, but also a more advanced value investing, is a giant standing on the shoulders of the value of investments.
Of course, depend on the value of the stock market to make money people have, can not rule out a few basic analysis through to success, if you can single-minded heart, and the input and financial strength commensurate with perseverance, that none, very good. If you are a consulting firm, did not know how to value analysis, there are virtually no foothold. But for most investors, the need is not "neither fish nor fowl," the basic analysis, just learn to "technical analysis" This is an old and reliable technology is sufficient. Value of stocks in the West have invested hundreds of years, so far no one deny technical analysis. "Stock prices all-encompassing" truth in the past come true, now come true, the future will continue to come true, because even though time-varying, but human nature has not changed the substance of capital flow has not changed, leaving traces of funds will not change.
