Category: Money tips Release Date: 2006-08-29
Source: Guangzhou Bandung
Abstract: Despite the strong banks plates did not continue the previous trading day strong, but did not seem to affect the large blue-chip speculation enthusiasm, Shenzhen Airport, Golden Group and other large blue-chip have driven a daily limit. Looking next week, the index points on a red 2000 is no longer much doubt that there is need for serious consideration is how to keep the mainstream funds, grasp the safety of low profit opportunities.
Game Analysis
A) the main and policies of the Game:
"Big blue-chip return to the value," "large blue-chip has a reasonable valuation," "large blue-chip has entered a speculative phase", with the large blue-chip continuous rise, on the large blue-chip evaluation also began to depreciate from the praise, suspected Voice growing; but enthusiastic pursuit of large blue-chip is increased rather than decreased. Clearly, the market test of the wisdom of the investors, but also a test of investor patience.
1) The blue chips have become a "treasure bowl": In the management there is a well-known theory: 28 rules. This is the 19th-century Italian economist Pareto found: social about 80% of the wealth is concentrated in the hands of 20% and 80% of people only have 20% of the social wealth. This statistical imbalance in the social, economic and life everywhere, or 80% of the results (outputs, reward), often from 20% of the causes (inputs, efforts). In fact, the market is profoundly investor education, and only 2 percent of large blue-chip is the beneficiary of record highs, and the rest of the market Bacheng becomes abandoned baby. Of course, I also believe that more than 80% of the shareholders are not happy, because money was no more than 20% of the people to make a left.
Speak louder than words, we can not deny the large blue-chip is still the darling of the current market, I believe this enthusiasm is not something rational people can be stopped in a few words. Studied physics knows that Newton's law of inertia, that is, all the objects that there are no external force, the total movement to maintain the original state or stationary state, that is, we often talk about inertia, the greater the quality of this inertia, the greater . Just imagine, to promote the elephant stocks how much money, but once the movement began, how can the government stop it.
Let's say, large blue chips of short-term valuation is indeed not cheap. As a senior analyst with Southwest Securities Yan Li said, "Judging from the current market behavior point of view, there exists an obvious blue-chip speculative characteristics, said value investing is nothing but a pretext that only a sale because the sale of shares were concerned about the ebb and flow is well within much higher than the increase in performance by degrees, while the overall market price-earnings ratio is obviously higher. " Therefore, the excuse is used to large blue-chip investment enthusiasm, and tap underestimated, "the kind of large blue chip" is the best choice for investors.
2) Find a safe place seems dangerous: As the saying goes, the most dangerous place is the most safe place, this statement is also applied successfully in the stock market; because the stock market itself is not a rational market, undervalued stocks are allowed to drop , overvalued stocks can also be added. Therefore, investors in addition to holding the concept of value investing, needed to conform to the mainstream of the movement of funds.
From a disk perspective, stocks have been oversold for some initial signs of rebound, but these varieties are not investors in the preferred varieties, of course, except for individual blue chip stocks oversold. Investors stock picking ideas should still be launched around the blue chips, such as second-line blue chip. To the power plate, for example, compared with the large blue chips stocks in the plate or not, the valuation still have certain advantages, in the context of the reform the power industry, the industry appears relatively high frequency of merger and reorganization. It is noteworthy that the recent hearing held in the country's electricity prices, electricity prices will increase passing on the news of the formation of the industry good.
B) the main financial Game:
Big blue chips will continue to be the focus of attacks on the mainstream funds. Therefore, indicators of stock market outlook polarization may be more apparent. Because of funding are different in nature, differentiation of the pattern will continue. There are second-class opportunity to note, first, second-line blue-chip blue-chip fund Zhongcang the second is hot money likely to attack the oversold bounce unit.
3) between the medium and small retail game:
The proposed goal orientation can be oversold bounce in blue chip stocks, for the short-term or excessive core blue chips, you can consider progressively lighten up.
Disk X-ray: is expected next Monday will continue to shock upstream, small yang at close.
The opportunity to plate is expected to: next week there is still a major blue-chip blocks better performance, focusing on the power plate recommended.
Market Risk point: the valuation of the core blue-chip space is relatively reduced, attention out rallies.
Protection measures: It is recommended rallies to trim, proper control positions.
