Category: Money tips Release Date: 2006-01-29
Zhuangguzuozhuang Model Quest
China's stock market just 10 years of history, fought Zhuang Gu: From the end of 2000 the Division staged high-profile diving business to Yiankeji hundred shares of the stock market "myth" burst, and then to the Department of the collapse of Delong. China's stock market fell waves of Zhuanggu.
What is "Zhuanggu"? By convention to say, chips concentration of the small number of shareholders, even if a large amount of per-capita holdings Zhuanggu. Typically, the control chip to reach at least 30%, super-ZHUANG even be able to obtain over 90%. The industry believes that "Zhuanggu" has the following characteristics: First, the long-term see-saw trend, amplitude very small. Second, although the event was not bad against shares plunge; 3, commissions to buy, the price gap between Venezuela selling large, erratic and so on.
Zhuangguzuozhuang four-phase
Analysis of the Zuo Zhuang Zhuang Gu model, nothing more than their life-cycle through the following cycle.
Phase I: Select Zuozhuang object. This is often a bearing on Zuozhuang success, because only accurately select the objects, will have to follow suit, in order to maximize guaranteed a smooth ship.
The second stage: to collect chips. Makers are optimistic the market will not be conducted when bargain-hunting, the most typical method is to release bad news on listed companies, stock prices fell sharply after absorption.
The third stage: heavy volume and Xichou, lift. Zhuang Gu technical characteristics of the largest collection of chips is the volume continued to enlarge, because the only way to illustrate the approach outside the capital. Then the dealer generally start Xichou, because many small investors are well versed in technical analysis, those who will follow the trend of bold intervention, so the dealer will choose Xi Pan. This is often seen in the Zhuanggu early start.
Phase IV: ship. The main ship's technical form is nothing less than the following: First, Ding Fei hot plate, the high heavy volume to form a single needle Department of stagflation; 2 is to use diluted put on heavy volume to attract the market to follow suit Tianquan posture, Tianquan way to ship. Third, speculators innovative shipping methods, that is first in the high pull down a platform, or move to suppress some space, and then make a break up or even another record high, to attract small and medium investors to follow suit.
Zhuanggu diving reason
Funding strand breaks is a fatal diving Zhuanggu link. Ultimately, the decline of large Zhuanggu able to escape the deadly link funding strand breaks. 2001, 2002, belongs to the disaster Zhuanggu years, many stocks in December 2001 before and after the concentration of land tragic diving, mainly due to sharp drop in stock prices are leading to tight financial side, a large number of funds making strand breaks, has also been some of the main to stop the financing side of operations, then diving deep reflection of the collective funds to Zhuanggu strand breaks caused by a fatal blow. Of course, there are numerous reasons for strand breaks leading to capital, but the result is the same: the share price avalanche.
Securities industry, industry-wide losses to a large extent can be directly to blame, "Zuozhuang" Therefore, one after another declared that the industry never in power, does this mean Zhuanggu era to an end? Analysts believe that can hardly be optimistic. With the stock post-reform era is approaching, when the Zhuanggu could end up being the subject of control transaction, the Zhuanggu on creating new liquidity. In the private equity fund to gain legal status, the focus on investment patterns will also be a stock market should not be overlooked as an option. Therefore, in the post-stock reform of the institutional game times will be back from the dead not be ruled out Zhuanggu speculation or a "new Zhuanggu" as well.
