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How To Turn Danger Into "Machine" In A Big Drop

2011/1/5 15:17:00 62

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Crash Stock Market

Faced with dramatic drama

market

Many investors are anxious about how to face it.

How to turn danger into "machine" in a big drop?

Clearance is not the best choice.

At present, the market

panic

Not yet completely resolved, but the decision made by the NDRC has just announced that the decision to increase the price of refined oil and sales price is a basic good for both petrochemical and electric power companies, which helps to stabilize the disk with the support role of the heavyweights.

At present, the level of A share price earnings ratio has dropped to 20 times. The dynamic P / E of Shanghai and Shenzhen 300 in 2008 is 10% lower than that of the US Standard & Poor's 500 index, and the relative valuation level has not been overestimated.

So no matter how volatile the plate is now, it is not the best choice to sell.

Dynamic control positions

Although there are some

capital

Having already had the idea of bottom hunting, the SFC once again emphasized the tone of healthy and stable development of the stock market. However, due to the uncertainties in the domestic and international economic situation, the shadow of lifting the ban is still hard to get rid of.

Therefore, it is suggested that investors set a rule for themselves to control the positions dynamically. For example, on the basis of the current position, the market will reduce 10% positions by 100 points, whereas on the other hand, the stock market will reduce 10% points every 100 points.

Reasonable matching of varieties to enhance seismic capacity

After experiencing panic, many people have the mentality of worrying about their gains and losses. They are more likely to buy up and sell. Therefore, we need to enhance their own seismic capabilities through the combination of varieties.

First of all, before the new bull market is clear, it is recommended to increase the fixed income bonds with certain positions in the portfolio, such as treasury bonds, convertible bonds and all kinds of corporate bonds.

Since these bonds have a clear coupon rate, no matter how the market fluctuates, we can guarantee the increase in principal value.

In particular, it should be prompted that the convertible bonds can be protected by interest income in the bear market. The bull market can choose to convert into stock according to the prescribed price, which is a dominant species that can enter, retreat, and defend.

On the choice of reserved stock positions, we should pay attention to long term trend and ignore short term interference, so as to improve seismic capacity.

For example, the liberalization of oil and gas prices is a long-term trend, and the author thinks that all factors determine that it is likely to break the ice in the summer, so investors do not need to pay attention to rumor interference in the short term.

In addition, in this round of the market, no risk or low risk varieties suddenly sprout up, and some companies have fallen through the net assets, replacement costs or rational exercise price (pay attention to analyzing the probability of exercise rights), and Blue-chip company's A share price has been significantly lower than other markets, so recognizing the trend of value return can enhance our seismic capacity.