Category: Money tips Release Date: 2006-12-09
By the traditional "fried new" thinking, the impact, combined with the first day of trading non-listed Price Limit, blindly follow the trend of speculation in recent years, listed on the first day of "IPO" has become the investors to participate in stock market trading one of the major risk factors faced by many investment So high were "stuck" low "flesh", to greater losses.
According to statistics, in June 2006 to resume issuing new shares hit the market, emerging cities of Shanghai and Shenzhen-listed 112 new shares, there are 44 stocks listed on the first day of the highest price is the highest one month after its listing price, accounting for 39.28% . In other words, nearly forty percent of new shares, listed on the first day of investors chasing the high bid will be at least "stuck with" a month. Among them, Shenzhen Deren Electronics, Germany and the United States chemical industry, electronics, and Shanghai stock market with the Island Datong Coal Industry, the Bank of China IPO, "stuck" in time as long as six years. From this, the situation can be found everywhere Gaokaidizou new shares, investors should not be underestimated their trading risks.
There are other similar situations to resume suspension of listing of the first day of listing, stocks resume trading after the implementation of reform program of the first day of trading as well as the issuance of shares listed on the first day and so on. By the same token there is no price limit, its "spike" of the transaction risk also exists, but prevention.
April 13, 2007 Shanghai stock market stocks resume trading the stock reform program implementation * ST length control, 10:40 am from 42 yuan share price soared up to 85 yuan, or 1083.8%, Shanghai Stock Exchange to suspend its implementation of the emergency disk . Subsequently, the unit lower limit for 13 consecutive trading days the share price low of 34.98 yuan, 85 yuan higher than the highest price drop of up to 60%, follow the trend of investors buying suffered tremendous losses.
Therefore, the full understanding and attach importance to the stock market the first day of trading risk, and take active measures to prevent, investors can trade in the shares of the largest extent possible to avoid risks, to obtain a more secure return on investment.
Trick 1: read a notice about the basic situation of the company
IPO valuation and market pricing, subject to company performance, net assets, growth, industry position and market conditions and other factors. Investors to carefully read the prospectus of listed companies-related announcement, reporting, access to the most direct and reliable information, whereby the company's operating performance, industry characteristics, development prospects and potential risk analysis, we can be aware of. Qualified investors can also participate in or concerned about the "road show", a listed company issuing new shares will usually be organized to promote activities such as road shows, corporate management and sponsor institutions and other intermediary agencies to directly address investors to introduce the company's current situation and development prospects, and to answer investor questions, investors can take this opportunity to learn about the company's relevant circumstances, feel the quality of the company's management have the opportunity to also address issues of concern to ask questions.
Trick 2: reference to a valuation analysis of the views of professional bodies
If the investor access to information channels and by their own limited capacity of professional analysis, a comprehensive reference to professional bodies in the valuation of shares traded pricing analysis, it would be a wise move. Whether to suspend or resume listing of newly issued shares listed in the publicly traded before, have a group of professional securities companies and investment consulting firm listed companies according to industry characteristics, operating performance, profitability, growth potential, as well as plate contrast, market conditions, etc. , after the listing of the company's stock price interval for analysis and forecasting. Investors can by reading the "Securities Times", "China Securities News" and "Shanghai Securities News" and other securities newspapers or queries related sites, can master the professional organizations generally recognized by the scope of a relatively reasonable price range, reducing trading blindness.
Trick 3: Focus on the risk of exchange tips and temporary suspension notice
In order to protect the legitimate rights and interests of investors as possible to prevent and control the first day of listing of the risk of excessive speculation, the Shenzhen Stock Exchange were formulated and promulgated the "strengthening of the SME board on the first day of trading the stock market risk control notice" and "On the strengthening of recovery the implementation of reform programs listed and stock resume trading on the first day of trading risk control notice "for the first day of listing of shares established a" disk or with the opening or the difference between the "temporary suspension as an indicator of the risk control mechanism. Listed on the first day of each stock in the morning before the opening bell through the Shenzhen Stock Exchange website, trading systems and other channels, the risk of prompt release to inform the day will implement risk control measures.
Meanwhile, the Shenzhen Stock Exchange listed stocks on the first day were given priority monitoring, when the intraday volatility of stock price abnormal or excessive speculation, it will be implemented in accordance with relevant rules of the temporary suspension on the stock, which aims to alert trading risk, calm overheated atmosphere, warning exceptions行为. Stock market investors to participate in the first day of trading, must be timely and prompt attention to the risk of exchange issued and temporary suspension notice, to keep abreast of market risk conditions, avoid exposure to unnecessary losses.
Tricks 4: rational investment, not to blindly follow the trend of
Despite the myth of overnight riches, but the numerous cases also told us, "boom must have plummeted," a time to treat fever, if it can not rationally judge blindly follow the trend, the end result is likely to be stationed in., suffered heavy losses. What, then, there may be over-hype and even fanaticism it? When stock prices generally have been far higher than the valuation of professional bodies and even limit the upper limit, when the stock exchanges on the risk of implementation of the provisional suspension and release when prompted, investors should think calmly, carefully transaction, or suspend wait and see, not greedy do not panic, not impatient, can we grasp the control risk on the basis of a greater investment opportunities.
