Investment Strategy: Short-Term Frequent Entry And Exit Can Only Earn Small Money

Near the end of March, the market capital is tightening, and the IPO issuance speed is not slowing down. Under the general environment of limited incremental capital and stock capital game, the characteristics of high selling and low absorption of funds are extremely obvious, leading to the inevitable structural differentiation of the market, and the stock index basically takes broad shocks as the main tone. In terms of operation, it is suggested to focus on individual stocks, focusing on tapping potential varieties from the bottom up, selling high quality individual stocks at a low price among competitors, and continuing to focus on topics such as the Belt and Road Initiative, annual reports, supply side reform, and white horse growth stocks. Four ways to identify bull stocks in the middle line at low position:

The first way is to see whether the main business is full. The most important thing to see is whether the main business is outstanding and whether there is enough room for the main business profits. Whether the company's production and operation are related to the main business, whether there are upstream and downstream relationships, or whether it can share market, technology, services and other resources; The profit space depends not only on the gross profit space of the main business, but also on the net profit space. Pay special attention to the company's main business composition and profit margin of main business.

The second move is to see whether profit contains water. For investors, it is not only necessary to dynamically analyze the changes in the company's profitability, but also to grasp the level of the company's profitability quality to see whether the company's profitability is gold on paper. Generally speaking, if the annual profitability index of the company declines, it is often a sign that the company's medium and long-term operations turn to disadvantages. When the company's profitability declines, it is necessary to pay special attention to whether the company's scale is expanded and whether the total profit or net profit can remain unchanged.

When the profitability of the company increases, it is generally necessary to eliminate the impact of accidental and seasonal factors, so as to judge whether the increase in profitability can be sustained. Secondly, we should judge the quality of the company's profits by paying attention to the company's profit composition, net profit rate and operating cash flow. per share profit Whether it is the product of layers of packaging, we must analyze the content contained in earnings per share if we want to identify the true face. P/E ratio has price comparison effect. You can judge which companies have relative investment value by comparing P/E ratios of different companies. If there is a general increase in profitability in the whole industry, it is the precursor of a wave of industry bull shares.

Third, see if there is enough room for expansion. The scale depends first on the income scale and profit scale of the company. Secondly, it depends on whether the company is stronger while it is bigger. Moreover, it depends on whether the company has enough room for expansion. When looking at the scale, we mainly focus on the company's main business income and net profit, and we can often find the industry leader by looking at the scale. Some enterprises, especially small and medium-sized enterprises, face common problems. What is the space for development after listing? Besides having financing channels, other costs, such as the labor The cost of management and management will inevitably increase, which in turn will compress the profit space of these enterprises and reduce their competitiveness.

Fourth, see whether you can fill in the right after removing the right. Midline bull stock Generally, the performance increases greatly with high turnover. It is an important watershed for the middle line of the stock to be a bull stock or a bear stock to fill in or discount the rights after the ex dividend of the high dividend stock. From a micro perspective, the stock price of companies with good performance will generally go up after the removal of rights, so good growth is essential for filling rights. If most investors in the market foresee the good growth of the company and agree that the performance growth of the company in the next year is still greater than that of the previous year after the ex right, then under the same conditions of capital gains, the stock price will naturally return to the price before the ex right and complete the filling of rights.

From a macro perspective, the industry's business cycle is expected to go further and complete the right filling smoothly. Investors' outlook for the next year's industry is a very important factor. The share price of the stocks filled in the right is very low, such as the high growth stocks of emerging industries, whose annual performance growth is not less than 50%. This is also an important indicator of ex right shares. If the performance of a company is declining, even if it launches a high pass, the stock price behind it is getting lower and lower, and it is impossible to fill the right.

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