Opportunity &Nbsp In Investment Risk; Immortals In "Fairy Stock".

" Fairy stock "Immortal machine"

The name "fairy stock" is very pleasant to hear, but this "fairy stock" is not a fairy grade. shares 。 In fact, the "fairy stock" is the name of the stock market, which usually refers to the name of junk stocks. Price of stock Stocks below $1.

Opportunities in risk

As long as we mention "penny stocks", the vast majority of investors believe that the risk of such stocks is too large, often talking about "Fairy" color change. In this regard, shareholders Zhou Yongbin has different views. Zhou Yongbin is a speculators who buy "penny stocks". He believes that, like other stocks, "fairy stock" also has the opportunity to make money.

In the morning of April 1st this year, he found that "*ST" was steadily rising, and only 47 minutes later it was closed. According to his previous stock speculation summary, he identified the stock as a strong rebound force. So I plan to buy it for second days. However, the second day due to work reasons, delayed the order time. *ST long Di began trading after three minutes of opening. He immediately ordered the price limit. But at that time, there was already a huge amount of pay at the price limit, and he had no hope of buying it. Who knows, 10:12 points *ST long Di suddenly suppressed in the huge sell-off, so that the price limit was finally opened. In April 18th, there was a huge concussion in the intraday market. Zhou Yongbin sold decisively at a price of 1.64 yuan. According to his 1.06 yuan purchase price, the yield was 54.7%. In just ten days, he earned 120 thousand yuan.

Zhou Yongbin believes that any stock is risky, but the degree of risk varies. Risks are explicit and implicit. Some risks are obvious. They are often frightening. Some of them are more subtle than others. For example, the gradual decline of most stocks in bear markets is an unattractive risk. Investors often get caught up in this "warm boiled frog" risk.

And the risk of "penny stocks" is more obvious. It is precisely because of this that most retail investors are afraid to participate, which makes the venture capital dare to take advantage of it. If we compare the "penny stocks" with the blue chip stocks, we can find that the "penny stocks" have their unique speculative advantages.

Speculative advantages of "penny stocks"

Transparency of performance

There is no need for fraud, nor does it allow investors to step on "performance mines", so there is no financial risk. However, there is a risk of lack of continuous stability in the performance of the blue chip stocks. A small number of listed companies still have the risk of fake and shoddy blue chips. There is a risk that the performance and share price will be overdrawn due to the stir up of the main funds.

Big profit opportunities

Although the performance of blue chip stocks is excellent, these companies are still blue chip stocks even though their performance is improving. There is no room for speculation. But if "penny stocks" earn a penny, it will be a loss of profit. If you earn a few cents more, that is the result of doubling the performance. This is all the theme of speculation.

Risk of no price collapse

After a lot of blue chip stocks have made huge profits, they are "reluctant" to investors, or immediately launched the "lion opener" general huge additional issuance, rights issue, convertible bonds and other programs. While "penny stocks" will not pay dividends, they will not extend their money to investors, nor do they have the risk of plunging stock prices because of the misappropriation of money.

Speculation is rich in concept.

Such as: government support, transformation of technology, asset restructuring and qualitative change of investment value caused by substantive reorganization.

Speculation is better than investment.

After many tests of water, Zhou Yongbin summed up the experience that the speculative value of "penny stocks" is superior to its investment value. Zhou Yongbin thinks that three main points must be paid attention to in the "penny stocks" speculation.

First of all, we must correctly understand the value of "penny stocks" from thinking. To be exact, "penny stocks" have no investment value, but only speculative value. Some serious oversold "fairy stocks" often staged a frenzied scene, in the short line hot money in the rapid attack, suddenly broke out a strong rebound in the market, so as to bring profits to market speculators.

Secondly, we should dare to catch up with chasing and selling in operation. Zhou Yongbin thinks that frying "penny stocks" must be "do not keep up with the limit, do not catch up, but do not sell." A friend and Zhou Yongbin bought a "penny stock" at the same time, but the friend sold it three days after the stock went up. Because, that friend thinks, fried "penny stock" must be dominated by short-term operation mode, through fast forward and fast out of the fast-paced mode of operation, to avoid speculative risk of such stocks. Zhou Yongbin believes that it is right to rush forward and get out quickly, but it must be determined according to the trend of stock price operation. If the "penny stock" is always trading at a time limit, it should be firmly held and wait for its change trend to sell decisively so that the whole profit can be obtained.

Third, for the rumors of "penny stocks", different coping styles should be adopted according to the different location of the stock price. When the share price is seriously oversold, it is necessary to insist on being credible and trustworthy. For example, when a * ST stock falls below its face value, there is a rumour in the market: "a *ST is a state-owned company, and the government may come forward to help protect it." This rumor is one of the main reasons why Zhou Yongbin decided to buy.

A friend asked in surprise: "if the rumor is not true or false, you rush to buy it, don't you think it's too risky?" Zhou Yongbin replied with a smile: "stir up the" fairy stock "and buy the blue chip stock is different, it just needs this vague rumor. It doesn't matter if it's not true. Rumours will stimulate stock prices to rise. When the stock price goes up, it can't be bought even if there is a real rumor, because that's the best time to ship the speculative capital. Sure enough, in late April, with the gradual deepening of the rumor, the stock fell to the top.

Zhou Yongbin also stressed that although the speculative risk of "fairy stocks" is much smaller than that of the whole stock market, risk control measures are necessary. {page_break}

How to control the risk of "penny stocks"

Control risk timing

Risk control strategy

From the volume of speculative capital transactions

The speculative capital will choose to ship after the sharp increase of the "fairy stock", and the shipment will inevitably lead to the enlargement of the volume. When investing in other stocks, it is necessary to observe whether the quantity can be magnified to decide whether to buy or not, but when participating in the "penny stocks", it is necessary to prevent excessive volume enlargement. If the "penny stock" has gained a certain increase, and the volume will increase sharply, it is necessary to sell immediately.

From the profit level of speculative capital

This needs to pay close attention to the distribution of the mobile cost of the "penny stock" and observe the size of the profit margin. When the profit margin is increasing rapidly, it is necessary to choose to sell.

From the operation time of speculative capital

The participation of speculative capital in "penny stocks" is based on a short line, based on the speculative value of "fairy stock" and the imaginary space of ascension. This time process is often very short. When the "rising stock" time is too long, should we gradually reduce the chips?

It is very important to protect protective measures when operating "penny stocks". We must set up the stop loss plan and specific standard before operation, and make psychological preparations for stop loss, and strictly control speculative risks.

The development of "penny stocks"

Judging from the development history of the international mature market, the emergence of the "penny stock" era has certain historical inevitability. This is because the "fairy stock" era is actually a subversion of the traditional stock price system, and a reduction of the stock market's true colors. For an emerging market, stock prices are generally the only way to overestimate the value of the return process. Because stocks were scarce resources at the beginning, stock gradually became a normal or even surplus resource over time. In this process, a large number of marginalized companies will inevitably be generated, which will lead to the emergence of the "fairy stock" era.

Looking back at the history of the development of China's securities market, we can see that in the past, there have been "fairy stocks" in history. In March 22, 1993, the B market of the B & B market was closed at 0.75 yuan, becoming the first one to fall below 1 yuan and become a "penny stock". Since then, some shares that lose the qualification of the motherboard transaction have been transferred to the third board and will quickly become "immortals". However, in the Shanghai and Shenzhen A share market, the history of stock becoming "immortal" has only just begun at the end of last year. In early December 30, 2004, *ST (Information Market Forum) became the first "penny stock" that broke the face value in the main board market of Shanghai and Shenzhen two cities, and has since created the age of "cheap stock". On the second day of *ST's becoming a celestial being, *ST monkey king followed closely. Since then, *ST Kyrgyzstan, *ST dragon, *ST English education, *ST nakawa, *ST digital, *ST hash, *ST big Philippines, *ST Guangxia, *ST long polyester and other stocks have joined the ranks of "fairy stock".

Since this year, the number of fairy stocks has increased rapidly. As the Shanghai and Shenzhen stock markets are gradually integrating with the international market, with the change of market environment and investment concept, the polarization of stock market will become increasingly serious. In the future, more stocks will become penny stocks, which is a manifestation of the maturity of the Shanghai and Shenzhen stock markets.

After many tests of water, Zhou Yongbin summed up the experience that the speculative value of "penny stocks" is superior to its investment value.