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How Do Investors Determine The Concentration Of Main Stocks?

2011/4/13 10:31:00 35

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Judging the degree of ownership concentration is the basic premise of market operation. If a correct judgement is conducive to a clear understanding of the situation, the hope of success will increase, and there are several ways to judge the degree of ownership concentration.

First, pass

Listed company

Report form.

If the structure of the company's share capital is simple, only the tradable shares and non tradable shares (or large state-owned shareholders), the top 10 shareholders are mostly negotiable stocks, and there are two ways of judging: first, the total amount of the outstanding shares held by the top 10 shareholders is to see how much it holds, which is suitable for the intervention of the analysis institutions.

The two is to speculate on the future situation of the 10. It is generally considered that the last one holding no less than 0.5% can be judged to have a high degree of concentration.

But the dealer may be faking. He keeps the holdings of some accounts in the top 10, so it is hard to see the change.

The decline in disguised ownership is also very easy, reducing the number of related account holdings in the top 10, while increasing the number of 10 related accounts (commonly referred to as tractor accounts).

On the contrary, the purpose is also operable. In 2010, the average stock holdings of the 10 largest accounts before the Three Gorges project fell, but the number of shareholders declined rapidly. The hidden involvement of the dealers was similar to the operation techniques. (details can be seen in the 108th issue of the Three Gorges in 2010: equity pledge is suspected to be manipulation.

Price of stock

Pave the way.

One thing is certain that if the tenth stocks account for less than 0.2% of the shares, and the latter will be lower, the concentration ratio will be low.

From the company report and flush, great wisdom and other software, we can get the changes in the proportion of the top 10 tradable shareholders and the number of shareholders.

Second, through open information.

The exchange will publish more than 7% stock trading information every day, mainly the seats and paction volume of the top 5 pactions.

If the volume rises, most of the announces will be concentrated buyers. If the volume falls, the time to choose is the concentrated sell-off.

If these seats reach a total paction value

volume

40%, we can judge the entry and exit of large institutions.

Third, look through the disk and disk.

The disk refers to the K-line chart and the paction histogram, and the disk mouth refers to the immediate market closing window.

There are two ways to build large capital: low absorption warehouse and high position.

Low suction warehouse daily turnover is low, the disk can not be seen, but can be seen from the outer disk of the plate is greater than the internal disk, pulling up the warehouse caused by volume rise, you can see from the disk.

When big institutions are shipped, stock prices tend to be sluggish, or they just start to fall.