Acquisition

A company acquires control of another company by purchasing a majority or all of the shares of the target company. An "unfriendly" or "hostile" takeover attempt typically takes the form of a takeover offer priced well above the market value of the target company's shares in order to induce existing shareholders to sell their shares. The target company's management can request a competing takeover bid from another company in the hope that it can scare off the hostile suitor with a bidding war. Income Statement Income Statement is a record of a company's financial performance over a period of time. It reflects: the revenue created by the company during a certain period; the expenses and costs related to the revenue of the company during a certain period; and the profit (or loss) of the company during a certain period. The income statement shows how much money a company has available for reinvestment. Profit and loss statement Profit and loss statement The income statement shows an entity's operating status during a certain period of time by showing its revenue, expenses, profits, and losses. Also called the income statement, profit and loss account, or income statement. T+1 and T+3 T+1 and T+3 refer to the settlement days of securities transactions. T+1 means the security is settled 1 day after the trade, and T+3 means the security is settled 3 days after the trade. Arbitrage is the attempt to profit from differences in prices of the same or similar financial products in different markets or in different forms. The ideal situation is risk-free arbitrage. Arbitrage, once a trading technique practiced by a few astute traders, has evolved into a technique of profiting from tiny price differences for the same security in different markets with the help of sophisticated computer programs. For example, if the computer-monitored market discovered that ABC stock could be bought on the New York Stock Exchange for $10 and sold on the London Stock Exchange for $10.12, an arbitrageur or specialized program would simultaneously buy it in New York and sell it on the London Stock Exchange. Sell ??the same number of ABC shares in London to obtain the price difference between the two markets. Hedging Hedging refers to the act of buying or selling a derivative security (such as options or futures) to hedge part or all of the risks of other securities held. Portfolio Portfolio is a collection of stocks, bonds, derivative financial products, etc. held by investors or financial institutions. The purpose of a portfolio is to spread risk. Delisted The process of delisting a stock or security quoted and traded on a stock exchange. Cash settlement Cash settlement is the settlement method for index futures and index options. Because investors cannot buy or sell the index directly, index futures and options contracts are cash-settled by assigning a monetary value to each index point. Cash flow Cash flow All cash receipts (inflows) or cash outflows (outflows) from an asset or group of assets during a specific period. Net cash flow is cash inflows minus cash outflows. Limit order refers to a customer's purchase and sale order from a securities broker that includes an order to buy below a specified price or to sell above a specified price. This specified price is called a limited price. A non-limit order means exactly the opposite.

Project Trading Program Trade

Project trading refers to a general combination trading strategy, which involves the number of buying (selling) stocks must be more than 15 and the market value must be 1 million USD and above. "Index arbitrage" is a typical example of project trading, which refers to selling (buying) a derivative product, such as index futures, while buying (selling) a basket of stocks. The aim is to profit from the difference between the prices of stocks and derivatives. Other examples of implementation project transactions include liquidation of facilitations, liquidation of EFP stock positions, and portfolio management (including portfolio realignment and portfolio liquidations). The New York Stock Exchange collects statistics on project trading activities in order to assess how these trading activities affect the normal functioning of the market. Daily project trading activity is measured by the total number of shares bought, sold, and shorted in project transactions that day. The sum of these shares is divided by the total trading volume of the market, and the resulting percentage constitutes a measure of the relative importance of the project's transactions during the corresponding time period. This approach is not the only way to measure project transactions. The respective indicators can be calculated separately based on the project transaction "buy", "sell" or "buy and sell sum (i.e. 2 times the trading volume)" and the corresponding market "buy", "sell" or "buy and sell sum" total transaction volume. . Exercise price: The price at which the winner of an option contract buys/sells the rights to the underlying security specified in the contract, also known as the settlement price. K line is also called Japanese line and originated in Japan. The K-line is a columnar line composed of shadow lines and entities. The part of the line above the entity is called the upper shadow line, and the part below it is called the lower shadow line. The entity is divided into two types: Yang line and Yin line, also known as red (Yang) line and black (Yin) line.

The record of a K-line is the price change of a certain stock in one day. The K-line research method is to focus on the K-line numbers of several days, speculate on the balance of power between the long and short parties in the securities market, and then determine who has the advantage between the long and short parties in the securities market, whether it is temporary or decisive. Among them, the K-line chart is the most important chart for various technical analysis. MBO The so-called MBO refers to the establishment of a smaller external investor group initiated by the current management to acquire the stocks or assets of the original publicly listed public company and transform it into a company controlled by the management. Since the external investor group mainly uses a large amount of debt financing to achieve the purpose of becoming unlisted, MBO is classified as a leveraged buyout. QFII system The so-called QFII system, the qualified foreign institutional investor system, refers to the system that allows approved qualified foreign institutional investors to remit a certain amount of foreign exchange funds under certain regulations and restrictions and convert them into local currency through strict supervision. A market opening model in which a special account is used to invest in the local securities market, and its capital gains, dividends, etc. can be converted into foreign exchange remittances upon approval. T-shaped cross-shaped K-line without upper shadow line. Crash: A crash means that due to some negative reasons, a large number of securities are sold in the securities market, causing the price of the securities market to fall indefinitely, and it is unknown to what extent it will stop. This phenomenon of selling securities in large amounts one after another is also known as a selling surge. Wave theory The full name of wave theory is Elliott wave theory, which is a technical analysis theory named after the American R.N. Elliot. The wave theory regards the upward and downward movements of stock prices and the continuous rise and fall in different periods as the ups and downs of waves. The ups and downs of waves follow the laws of nature, and the price movement of stocks also follows the laws of waves. Simply put, there are 5 waves for the market to go public and 3 waves for the market to fall. Judge the retracement based on the number of waves. In the stock market, the stock price shows a continuous upward trend, and finally reverses back to a certain price due to the rapid rise in the stock price. This adjustment phenomenon is called retracement. Generally speaking, the retracement range of a stock is smaller than the rise range. It usually resumes its original upward trend when it reverses back to about one-third of the previous rise. Technical factors: Various technical factors that reflect the characteristics of the stock market, such as primary and secondary trends and reverse movements, are published in the economic columns of many newspapers. These factors can make useful analysis of the number of short sales of stocks, the trading ratio of odd stocks and round stocks, which stocks rise to new heights, which stocks fall to new lows, etc. in the short term, which is of benefit to professional investors and speculators. Far larger than ordinary investors, the price refers to the unit of increase or decrease in the buying and selling price. The price range varies with the stock's market price per share. Open low Today's opening price is below yesterday's closing price. Open High Today's opening price is above yesterday's closing price. Kaiping Today's opening price is the same as yesterday's closing price. Flip Long: The party that originally planned to sell the stock changes its view and becomes a buyer. Short refers to the seller in a stock transaction. A short market is a market in which stock prices show a long-term downward trend. In a short market, stock prices fluctuate between large falls and small increases, also known as a bear market. Blue chip stocks refer to stocks issued by listed companies with strong capital and good reputation. Unpopular stocks refer to stocks with small trading volume, poor liquidity, and small price changes. Bullish refers to news in the stock market that is beneficial to bulls. Negative refers to news in the stock market that is beneficial to short sellers. The bad news is all over the securities market. Securities prices fall due to the influence of various adverse news. This trend continues for a period of time, and when it falls to a certain level, the power of the short side begins to weaken, and investors must no longer be affected by these bad factors. Affected by this, security prices begin to rebound and rise. This phenomenon is called short selling. Volume-price divergence: The current volume-price relationship has changed from the previous volume-price relationship. Generally, volume-price divergence will create a new trend, or it may just be an upward adjustment or a downward rebound. Odd lot trading: Stocks with less than one trading unit (1 lot = 100 shares), such as 1 share or 10 shares, are called odd lots. When selling stocks, you can entrust in odd lots; but when buying stocks, you cannot entrust in odd lots. The minimum unit is 1 lot, that is, 100 shares. Strong Buying Buyers' desire in stock market trading is strong, causing stock prices to rise. Short selling is a speculative act of selling stocks in anticipation that the stock price will fall. Before the actual delivery occurs, the sold shares will be replenished and only the price difference will be settled at the time of delivery. Heavy selling pressure: Shareholders rushed to sell their shares in stock market trading, causing stock prices to fall. Bull market refers to the increase in security prices during the trading day under consideration. The decline is very small, the price does not change much, and the market price seems to be pegged, as tough as cowhide. The trading volume in the cowhide market is often very small. The cowhide market is the price performance of buyers and sellers when the power of buyers and sellers is balanced. The bull market refers to an upward trend in the price of the entire stock market. The consolidation price fluctuates within a limited range, which generally refers to fluctuations within a range of up to 5%. Deceptive line: The main force or large investors use market psychology to manipulate the trend line, causing retail investors to make wrong decisions.

Tangent technical analysis method: Tangent type is to draw some straight lines in a chart drawn from stock price data according to certain methods and principles, and then speculate on the future trend of stock prices based on these straight lines. These are directly called tangent lines. There are two types of tangent lines: pressure lines and support lines. The tangent technical analysis method is a method of analysis based on tangents. Trend is the direction of stock price market movement; there are three directions of trend: upward direction, downward direction and horizontal direction. There are three types of trends: main trend, secondary trend and short-term trend. Trend line A trend line is a straight line used to measure the direction of price fluctuations. The direction of the trend line can clearly see the trend of the stock price. In an uptrend, connecting two lows in a straight line creates an uptrend line. In a downtrend, connecting two high points in a straight line creates a downtrend line. The rising trend line plays a supporting role, and the falling trend line plays a pressure role. That is to say, the rising trend line is a kind of support line, and the falling trend line is a kind of pressure line. Every time the market rebounds, there are always some sectors or stocks for popular stocks. Playing a major role in pulling up prices, these stocks are called popular stocks because of their large trading volume, strong liquidity, and large price changes. Daily K-line chart The daily K-line chart is a K-line chart that arranges the daily K-lines in chronological order to reflect the daily price changes of the stock since its listing. Daily trading volume refers to the total amount of stocks traded on that day. Daily opening price The daily opening price refers to the first transaction price of each trading day, which is the traditional definition of opening price. Currently, the Chinese market uses collective bidding to generate the opening price. Daily Closing Price The daily closing price refers to the last transaction price of each trading day. Because the closing price is the standard for the current day's market and the basis for the opening price of the next trading day, which can be used to predict future securities market conditions, investors generally use the closing price as the basis for calculation when analyzing the market. The daily lowest price refers to the lowest price among the transaction prices of the stock on that day. The highest daily price refers to the highest price among the transaction prices of the stock on that day. Daily high price and low price The daily high price and low price are the highest and lowest transaction prices of stocks traded on each trading day. Umbrella Fund The so-called umbrella fund, also known as "umbrella fund" or "umbrella structural fund", is an organizational form of a fund. The fund sponsor establishes multiple mutual funds based on a general fund prospectus. Funds that are converted according to prescribed procedures and fee levels, that is, several sub-funds are established under a parent fund. Each sub-fund makes independent investment decisions based on different investment policies and investment objectives. Its biggest feature is that within the parent fund It can provide investors with a variety of investment options with low or no switching fees, making it easier for investors to choose and switch to different sub-funds according to changes in market conditions. Umbrella funds are a fund model corresponding to the single-structure funds currently popular in China. Retail investors refer to small investors who buy and sell a small number of stocks. Upper shadow line In the K-line chart, the thin line extending upward from the entity is called the upper shadow line. In the positive line, it is the difference between the highest price and the closing price of the day; in the negative line, it is the difference between the highest price and the opening price of the day. Therefore, the K-line pattern with an upper shadow line can be divided into a positive line with a shadow line, a negative line with a shadow line, and a cross star. Different forms have different judgments on long and short strength. Social Public Shares Social public shares refer to the shares issued by a joint-stock company under social raising methods. In addition to a part subscribed by the promoters, the rest are publicly issued to the public and subscribed by individuals. Cross K-line: This kind of K-line will appear when the closing price is the same as the opening price. Its characteristic is that it has no entity. Being bullish means being optimistic about the prospects of the stock market. After buying a stock, if the stock price falls, you would rather keep it for a few years and never sell it unless you make money. Carrying a sedan chair: After the announcement of good or bad news, people who believe that the stock price will fluctuate significantly and rush in and out with limited profits or even often get stuck are those who carry the sedan chair for others. Bottom hunting is the process of finding the lowest point of the stock price. After the bottom is successfully found, the stock price starts to rise from the lowest point. Hold-up refers to the trading risk encountered when trading stocks. For example, investors expect that the stock price will rise, but the stock price has been on a downward trend after buying. This phenomenon is called long hold. On the contrary, investors expect the stock price to fall and sell the borrowed stocks short, but the stock price keeps rising. This phenomenon is called short holding. Gap refers to the stock price starting to jump sharply due to strong positive or negative news. A gap usually occurs before the beginning or end of a large stock price move. Head The highest part of the long-term trend line of a stock price. Breakthrough: A breakthrough is when the stock price breaks through the barrier, and generally points to an upward breakthrough. Washing refers to the behavior in which large market makers first drive down the stock price significantly in order to reduce the cost and resistance of raising prices, recover the stocks sold by retail investors in panic, and then raise the stock price to take advantage of the price difference. Generally speaking, as long as it is certain that the fluctuation of the stock price is a washout for the market makers, you should hold your position and wait for the stock price to rise. Lower shadow: In the K-line chart, the thin line extending downward from the entity is called the lower shadow. In the positive line, it is the difference between the opening price and the lowest price of the day; in the negative line, it is the difference between the closing price and the lowest price of the day.

The K-line pattern with lower shadow can be divided into Yang line with lower shadow, Yin line with lower shadow and cross star. To more accurately judge the strength of the long and short parties, judgments must be made based on different forms. Quotes refer to the price of a stock or the trend of its stock price. Morphological technical analysis method Morphological technical analysis is a method of predicting the future trend of stock prices based on the trajectory pattern of the price chart in the past period. The main forms include m head, w bottom, head and shoulders top, head and shoulders bottom, etc. More than ten kinds. Bear market refers to the general decline in the price of the entire stock market. Pressure line is also called resistance line. When the stock price rises near a certain price, the stock price will stop rising or even fall back. This is caused by short selling here. The pressure line plays the role of preventing the stock price from continuing to list. The price that prevents the stock price from continuing to rise is where the support line is located. The positive line (red line) and negative line (black line) in the K-line chart are called entities. If the opening price is higher than the closing price, the entity is a negative line or black line; otherwise, if the closing price is higher than the opening price, the entity is It is a short squeeze on the Yang line or the red line, that is, short positions squeeze out short positions. Stock holders in the stock market unanimously believed that the stock would fall sharply that day, so most people rushed to sell short stocks. However, the stock price did not fall significantly that day, and they were unable to buy stocks at a low price. Before the end of the stock market, short sellers had no choice but to compete to cover their losses, resulting in a significant increase in the closing price. Increase or decrease: The percentage range of the stock price on the current day compared with the previous day's closing price (or the previous day's closing index). A positive value indicates an increase, a negative value indicates a decrease, otherwise it is the same. Rising trend A stock price that continues to move toward new highs over a period of time. The upper limit of the stock price on the day of trading in the securities market is called the daily limit, and the stock price at the upper limit is called the daily limit price. Generally speaking, stocks whose daily limit is closed immediately after the market opens have strong momentum. As long as the daily limit is not opened that day, they will still have upward momentum on the second day. For stocks that suddenly reach their daily limit in late trading, the market makers may ship or cheat on the stock on the second day. Be careful if you are suspicious of wires. Consolidation (Consolidation) After the stock price in the stock market rises or falls sharply and rapidly, it encounters a resistance line or a support line. The original rising or falling trend slows down significantly and begins to jump up and down with an amplitude of about 15%, which lasts for a period of time. This phenomenon is called finishing. The occurrence of consolidation usually indicates that bulls and shorts are fighting fiercely, resulting in price jumps, which is also the prelude to the next big stock price movement. Support line is also called resistance line. When the stock price falls near a certain price, there will be an increase in buyers and a decrease in sellers, causing the stock price to stop falling. There may even be an echo of the support line, which can prevent the stock price from continuing to fall. This serves to prevent the stock price from continuing to fall. It is the position of the support line. The indicator technical analysis method is to consider all aspects of market behavior, establish a mathematical model, give mathematical calculation formulas, and obtain a number that reflects the inherent essence of a certain aspect of the securities market. , this number is called the index value. According to the specific values ????and relationships between indicators, it directly reflects the state of the securities market and provides guidance for our operational behavior.