Category: Money tips Release Date: 2006-09-21
Source: Guangzhou Bandung
Abstract: At present, institutions have begun to enter the main stage of the strategic adjustment positions, investors should be in the overall strategy of structural adjustment process, using pre-main plate for the likely counterattack lighten up while gradually narrowing the scope of investment into the defensive phase.
We believe the structural bull market is currently the umbrella of the main strategic funds are beginning to tune warehouse, specifically that in the index under the cover of the main aircraft purchase will be distributed to most of the mainstream of the early stocks at the same time to choose the potential for future stock market trends Jiancang, the market's investment philosophy and mainstream hotspots will be progressively subtle changes. At the same time the mainstream funding for further concentrated to a small number of stocks in the next 28 will be more apparent polarization.
1, the current main market risk is that most of the strategic distribution plate
Quotes of the mainstream of the early plate may have reached a strategic allocation at this stage, such a distribution process to the market should be worth the risks attached great importance to investors. Produce such large distributed mainly because:
1, the market fundamentals are changing
Mainly stock reform, industry growth factors drive the market higher capacity is weakening or disappearance of the industrial structure adjustment and management driven by a large expansion will be the future of the market for some time the main background, fundamental changes will promote the main body to adjust their position.
2, the major structural adjustment of position to accommodate future changes in the market
Awkwardness is currently held by the main body, such as the consumption in such industries as high-growth stocks for speculation bright spot in the overvalued stocks and industry against the backdrop of slower growth, its subject matter has been fully overdrawn speculation. Another part of the value of the stock is undervalued in attracting the agency's attention, to enable organizations to adjust their positions structure.
To adapt to future changes in the market is an important reason for the main tune warehouse.
3, GF, and Hua events are a major decrease in the fuse plate
Guangfa Zuozhuang and Wa in the impact of the incident, some Awkwardness of Fund began an atmosphere of panic in the market constantly diving, which became a diving Awkwardness round bodies fuse. In the sensitive stage of this negative factor, it is easy to easily drag the entire market. In fact widely distributed and Wa events on the entire fund industry is not too great, but its impact on the market is not small, from here we can see that the main funding impetuous attitude.
Second, the structural adjustment process will be repeated long, pre-mainstream stocks fell sharply after the possible counterattack, this point in practice should be enough to arouse our attention
The background of the structural bull market and the institutional position of the features of a high degree of concentration, determination of the outcome of the adjustment process may repeated and lengthy, which is that we should have a full understanding. At the same time should also take advantage of this market characteristics, in the process of transfer positions to maximize benefits.
1, the structural bull market positions adjusted to the agency sufficient time to prepare
Currently the main focus of the market that is driven by the management of major expansion, this decision in order to support this major expansion will be continued to improve the environment for future policy side. At the same time, the greatest impact on the index of the overall valuation of the mainstream heavyweights is not high, will become the cornerstone of an effective resistance index fell. QFII funds and other mainstream institutions to the market expansion has also brought new funding continued.
Policy and financial side surface to bring a better market environment will promote the sustainable development of the structural bull market, for institutional adjustment positions provide better external environment, also provides plenty of time.
2, position determines the high concentration of the adjustment process of repeated
Other in accordance with relevant statistics show that a larger proportion of the current body position, pre-mainstream chips are very focused on individual stocks. In this context, the main faction of the process is bound to be repeated and lengthy, making them difficult to get out of the way down, obviously not in their best interests, and may even harm their interests. Therefore, after a period of adjustment, there may even be a rapid counterattack Awkwardness institutions, it has also become the best position we rallies transfer market opportunities.
In general, we should make full use of such a structural bull market in the corresponding plates are constantly re-gain the greatest benefits.
Third, investors coping strategies
1, conform with the trend adjust the investment ideas
Step by step use of the latter part of the process that may occur ascribed to the early distribution of the mainstream stocks, and as we emphasized in previous articles under the guidance of new investment ideas in the potential for future market share and to build positions, which is the current market conditions, investor response to the overall strategy.
2, narrow investment scope
We believe that the phenomenon of 28 or even 19 will be the future market structure of the phenomenon of differentiation of the main features. This determined the investors want to better survive, must be able to select individual stocks narrow investment scope in order to circumvent most of the stocks fall risks.
Overall, the current bull market has been undergoing a structural adjustment positions the main body of the strategic stage, the investor's overall strategy should be to mainstream the use of pre-plate fell sharply after the arrival of the counterattack may be the opportunity to lighten up, and adjust the investment ideas and investment to narrow the scope of change into the defensive phase.
