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炒股操作技巧|股民价值观热议

楼主:北方稀土股票 时间:2020-11-21 16:35:27

 炒股操作技巧|股民价值观热议在股市上,当某种事件发生后,股民都是根据自己的价值观来判断其对股价的影响,当股民认为是利空消息时,将会抛售股票,从而引起股价的下跌;而当股民认为是利多消息时,将会买进股票,从而促使股价上涨。

  股民的价值观是影响股价涨跌的决定因素,要在一个股市上取得丰厚的投机收益,了解股民的价值观可以说是关键中的关键。股价的涨跌决定于资金的进出,而资金的运动又决定于股民的价值观。当某一事件发生时,不论它实际上是利多还是利空,只要持有大部分资金的股民认为它对股价的上扬有利,他们就会投入资金,从而促使股价的上涨;反之,当持有大部分股票的股民认为某个利空事件发生时,而不论在事实上它真的是否是利空,或该事件事实上是否已经发生,他们就会抛售股票、撤出资金,从而导致股价的下跌。如有些利空传言一而再、再而三地在股价的顶部区域起作用,就是这个道理。

  股价与价值观是"信则灵"的关系,当某种事件发生后,如果大部分持有股票的股民认为股价会跌,他们会不约而同地将股票抛出,从而真的导致股价的下跌;如果大部分握有资金的股  民认为股价仍有上升空间,他们会毫不犹豫地将资金投入,从而真的导致股价的上涨,使自己的预言得到证实。   在股市中,专家的预测往往会出错,成为股民的笑柄,在我国尤其是这样。这是因为专家的预测基本上都是非常理性和客观的,而股民中并没多少经济学家,他们有的甚至股票是什么都不懂,缺乏基本的金融知识。而股民价值观的扭曲将导致股价与实际价值的偏离。   

  在国外较为成熟股市,当股市的收益与储蓄利率基本相当时,股民才入市投资,这样就使股市的市盈率总是保持在一个与储蓄利率相当的水平。如香港股市,在恒生指数达到12000点时,其市盈率也就13倍左右。其它国家股市,市盈率一般也都在20倍以下。我国的银行存款利率虽比发达的资本主义国家普遍要高,但我国沪深股市的市盈率也比其它股市要高,一般都在30位左右。造成这种现象是基于股民这样的一种认识,在中国经济高速发展的情况下,上市公司的发展前景广阔,其沪深股市的平均市盈率就是应该高于其它股市。 

  上市公司的配股,在国外是绝对的利空,因为配股需要股民追加投资且要从股市抽走资金,它会导致股市资金偏紧,从而引起股价的下跌。而我国股民,却将配股当利多来消化处理,只要是上市公司增资扩股,股民就盲目追捧,且配股比例愈大,股价就涨得愈多。同样,在新股上市时,股民都趋之若鹰,不问业绩好坏,不论上市公司前景如何,股民认定一个理,新股必赚。在这种价值观念的导向下,新股上市之初往往都造成价格居高不下。在下次新股上市时,股民又弃老股炒新股,炒一个扔一个,一大批盲目接手的股民就在没有任何投资价值的高价位区惨遭套牢。   

  对待股票流通量的大小,我国股民与国外股民在价值取向上也大相径庭。我国股民认为盘子愈小愈值钱,盘子小,就容易炒,价格就上得快,所以沪深股市中相当股票的价格是依照流通量大小排定的,盘子愈小,价位就愈高。而在国外,小盘股的待遇远远比不上大盘股,因为小盘股不易在低位买进,几笔申买价就可能将价位抬起;而卖时也比较困难,少量的抛售就能将股价打压下来。小盘股不但流动性差,且股本量较小的上市公司,其经营的风险也较大,故小盘股在国外不太受欢迎。   

  

The values of shareholders are the decisive factors that affect the rise and fall of stock prices. It is the key to understand the value of shareholders to gain substantial speculative returns on a stock market. The rise and fall of the stock price is determined by the import of funds, and the movement of funds is determined by the values of the shareholders. When an event occurs, regardless of whether it is actually good or bad, as long as investors hold most of the money that it is favorable to the stock price rise, they will put money to promote the stock prices; on the other hand, when holding the bulk of stock investors believe that a bad event occurs, regardless of whether it is in fact really if it is bad, or indeed whether the event has occurred, they will sell the stock, the withdrawal of funds, resulting in the stock price fell. This is the truth, for example, that there are some great rumors, and again, and again and again three in the top area of the stock price.

The price and value is "believe it", when a certain event occurs, if the majority of shares held by investors that the stock price will fall, they will invariably lead to really throw the stock, the stock price fell; if most of the investors that the stock price has the funds still have room to rise, they will not hesitate the funds, which really lead to price increases, so that their predictions are confirmed. In the stock market, experts' forecasts often make mistakes and become the laughingstock of the investors, especially in our country. This is because the prediction of experts is basically very rational and objective, and not many economists among investors. Some of them even don't know anything about stock and lack basic financial knowledge. The distortion of the value of the shareholders will lead to the deviation of the stock price from the actual value.

In a more mature foreign stock market, when the stock market returns and savings interest rates are basically the same, shareholders only enter the market to invest, which makes the stock market earnings ratio always remain at a level similar to that of the savings rate. For example, the market earnings ratio of the Hongkong stock market is about 13 times when the Hang Seng index reaches 12000. In other countries, the price earnings ratio is generally below 20 times. The interest rate of the bank deposit in China is more than the developed capitalism


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