1. Short line, middle line and long line:
Short-term: the market is used to describe the time scale within 15 trading days, and the usual short-term process is completed around 10 trading days; Midline: the time scale used by the market to describe 20 to 60 trading days; Long-term: the market is used to describe the time scale of more than 200 trading days.
2. Lag effect:
Lag effect: Because technical analysis generally emphasizes the trend, to form the judgment of the trend, the chart needs to go out of the initial direction characteristics first, which makes the technical turning signal generally lag behind the top or bottom of the market.
3. Oversold:
A market state defined by Sirius theory, its meaning is unreasonable excessive decline, and its potential meaning is that oversold state does not have the conditions of downward trend, and the market will rebound or reverse in the near future.
4. Reverse:
Inversion: the trend change in the sense of midline. Changing the downward trend from the midline to the upward trend, or from the upward trend to the downward trend, belongs to the category of reversal. Its opposite concept is rebound. The latter belongs to the short-term injury trend, but in the end it will run the original midline trend.
5. Funds at the bottom of the library:
The fund is at the bottom: or the fund is at the bottom, which is the minimum amount of market funds in a long-term stage. Usually when the funds reach this value, it is difficult to continue to drain.
6. What are the existing stock types in China?
According to the different nature of investors in China, stocks are divided into different types, such as state shares, legal person shares, public shares and foreign shares. At present, state-owned shares and legal person shares cannot be listed and traded, but only social public shares and B shares (domestic listed foreign shares) can be listed and traded in China. The B-share market has been open to domestic residents since February 200 1 year.
7. What is a national unit?
State-owned shares refer to shares formed by departments or institutions that have the right to invest on behalf of the state by investing in companies with state-owned assets, including shares converted from existing state-owned assets of companies. In the joint-stock reform of Chinese enterprises, some enterprises owned by the whole people were reorganized into joint-stock companies, and the assets of these enterprises were converted into state shares during the reorganization. In addition, the state's investment in newly established joint-stock companies also constitutes state shares. State shares are held by departments or institutions authorized by the State Council, or by departments or institutions authorized by the local people's government according to the decision of the State Council. State-owned shares cannot be listed and traded at present.
8. What is a legal person share?
Legal person shares refer to the shares formed by an enterprise as a legal person or a public institution or social organization with legal personality investing in a company with its legally disposable assets. Legal person holding shares is a kind of ownership relationship and an investment behavior of legal person managing its own property. Legal person shares are registered as legal persons.
As sponsors, an enterprise as a legal person or a public institution or social organization with legal personality may contribute capital in cash or in kind, industrial property rights, non-patented technology, land use rights and other forms of assets. However, other forms of assets must be evaluated and valued, and the property must be verified, and the valuation must not be overestimated or underestimated.
Legal person shares cannot be listed and traded at present.
9. What is public stock?
Social public shares refer to the shares that can be listed and circulated when the public invests their property in the company according to law. Under the social offering method, the shares issued by a joint-stock company shall be publicly issued to the public except for the part subscribed by the promoters. China's "Company Law" stipulates that the shares publicly issued to the public by a social offering company shall not be less than 25% of the total shares of the company. If the company's total share capital exceeds 400 million yuan, the proportion of shares issued to the public should be above 15%.
Social public shares can be listed and traded.
10, blue chip
In the stock market, investors refer to the shares of large companies that occupy an important leading position in their respective industries, with excellent performance, active trading and rich dividends as blue chips. The word "blue chip" comes from western casinos. In western casinos, there are two colors of chips, among which blue chips are the most valuable, followed by red chips and white chips are the worst. Investors apply these jargon to stocks and get this title. Blue-chip stocks have the ability to make profits in both boom and recession, with less risk, but the price of blue-chip stocks is usually higher.
1 1. What is a company employee stock?
The employee shares of the company are the shares subscribed by the employees of the company at the issue price when the company issues shares to the public. According to the Interim Regulations on the Administration of Stock Issuance and Trading, the share capital of the company's employee shares shall not exceed 65,438+00% of the total share capital to be publicly issued to the public. The employee shares of a company can be listed and circulated six months after the company's shares are listed. 1998165438+1On October 25th, China Securities Regulatory Commission issued the Notice on Stopping the Issuance of Staff Shares of the Company.
12. What is an internal employee stock?
Internal employee stock and company employee stock are two completely different concepts. In the initial stage of the pilot joint-stock system in China, some joint-stock companies that do not publicly issue shares to the society but only raise shares from corporate legal persons and internal employees are called directional offering companies, and the shares issued by companies held by internal employees as investors are called internal employee shares. 1993, the State Council officially issued a document, clearly stipulating to stop the approval and issuance of internal employee shares.
13. What is the stock market, and what are the primary and secondary markets?
The stock market is a place where stocks are issued and traded. According to the functional division of the market, the stock market can be divided into distribution market and circulation market.
The issuing market is a market for fund-raising activities by issuing stocks. Since issuance is the source and starting point of all activities in the stock market, it is also called "primary market".
The circulation market is a market for buying, selling and transferring issued stocks, also known as "secondary market" or "secondary market". Unlike the one-off behavior in the issuance market, stocks can be traded continuously in the circulation market.
14. What are OTC market and OTC market?
According to the organizational form of the market, the stock market can be divided into on-site trading market and over-the-counter trading market.
A stock exchange is a place where stocks are traded centrally. In some countries, the initial stock exchanges were formed spontaneously, while others were registered or approved according to the relevant laws and regulations of the country. In many countries, the exchange is the only legal stock exchange.
OTC stock market is a stock trading market conducted on the counter of a securities trading institution other than the stock exchange, so it is also called OTC market.
15. What exchanges are there in China at present?
At present, there are two stock exchanges in China, namely Shanghai Stock Exchange and Shenzhen Stock Exchange.
Shanghai Stock Exchange is currently the largest securities trading center in China. It was established on 1990,165438+1October 26th with a registered capital of RMB100000. Shenzhen Stock Exchange is the second stock exchange in China. It was established in 1989 and officially opened in July199/0 with the approval of the People's Bank of China.
These two exchanges are formed according to the internationally accepted membership system and are non-profit organizations.
16. What is the business scope of the stock exchange?
Its business scope includes: 1. Organizing and managing listed securities; 2. Provide places for centralized securities trading; 3. Handling the liquidation and delivery of listed securities; 4. Provide information on the listed securities market; 5. Handle other businesses licensed or entrusted by the People's Bank of China.
17, what is a stock index?
The stock index is the stock price index. It is a reference index compiled by stock exchanges or financial services institutions to indicate changes in the stock market.
This stock index, that is, the average price indicating the changes in the stock market. A stock index is usually compiled based on a certain month of a year, and the stock price in this base period is 100. The stock prices in subsequent periods are compared with the base period price, and the percentage of rise and fall is calculated, which is the stock index of this period.
18, stock trading rules?
Investors can entrust trading in the business department of a securities company, and the staff of the business department will report the entrustment instructions to the traders in the trading hall of the stock exchange by telephone (commonly known as "red vest"), and the traders will input the trading instructions into the computer host of the exchange. Investors can also directly input the entrustment instruction on the self-service entrustment computer terminal of the business department, and transmit the instruction to the computer host of the stock exchange through the aerial satellite transmission network and the ground optical fiber data transmission network. After receiving the buying and selling instructions, the computer host automatically matches the transactions according to the principle of "price first, time first".
Market trading in the stock exchange is conducted from Monday to Friday, from 9: 30 am to 1 1: 30 am and from 1: 00 pm to 3: 00 pm.
19. What are the opening and closing prices?
Generally speaking, the opening price and closing price are the first and last trading prices of securities on the trading day.
According to the current trading rules in China, the opening price of securities trading in a stock exchange is the first trading price of the securities on that day. The opening price of securities is generated by call auction method. If the opening price cannot be generated, it will be generated through continuous bidding. After call auction generates the opening price, the unfinished declaration is still valid, and the original declaration automatically enters the continuous bidding.
The closing price of securities trading in a stock exchange is the weighted average price of all transactions (including the last transaction) 1 minute before the last transaction of the securities on that day. If there is no transaction on that day, the previous closing price is the closing price of that day.
20. What are listing, delisting, suspension and resumption?
Stock exchanges conduct listing transactions on listed securities. On the first day of listing, the previous closing price displayed in the stock market is its issue price. If the listing period of securities expires or the conditions for listing no longer exist according to law, the stock exchange shall terminate its listing and delist it. For the securities that have reached the price limit for more than 3 consecutive days (including 3 days), the exchange will suspend trading (suspend trading) for half of them and make an announcement. In addition, according to the business rules of the China Securities Regulatory Commission and the stock exchange, the exchange may suspend or resume the trading of other listed securities. When the securities are suspended, the quotation published by the stock exchange contains the information of the securities; After the securities are delisted, there is no information about the securities in the market information.
The listing, delisting, suspension and resumption of securities shall be announced by the stock exchange. In addition, according to the relevant regulations, since April 1 day, 2002, the routine suspension time of disclosure of periodic reports and temporary announcements of listed companies has been changed from the original half-day suspension on the trading day to 1 hour after the opening of the trading day, that is, from the opening of the trading day to 1 hour suspension and resumption at 10:30.
2 1, what is ex-dividend?
If there are public distribution of rights and interests, transfer of reserve fund to share capital, rights issue, etc. , need to be ex-dividend. China Stock Exchange will make ex-dividend on the trading day next to the registration date of equity (creditor's rights) (B shares are the last trading day). On the ex-dividend date, the previous closing price of the securities becomes the ex-dividend price on the ex-dividend date. The calculation formula of ex-dividend (interest) price is:
Ex-dividend (interest) quotation = [(previous closing price-cash dividend)+share price of rights issue (innovation).
× change ratio of circulating shares ]≤( 1+ change ratio of circulating shares)
Unless otherwise stipulated by the stock exchange, the ex-dividend price shall be used as the benchmark for calculating the fluctuation range of securities trading on the ex-dividend date.
22. Stock issue price
When a stock issuing company plans to issue shares, it needs to determine the issue price according to different situations in order to promote the issuance of shares. Generally speaking, there are the following kinds of stock issue prices: par value issue, current price issue, middle price issue and at discount.
Par value issue
In other words, the issue price is based on the face value of the stock.
Current price problem
That is, the issue price is determined according to the stock price (instant price) in the circulation market rather than the denomination.
Central parity issue
That is, the issue price of the stock takes the middle value of the ticket denomination and the market price.
On sale
That is, the issue price is lower than the face value of the ticket, which is a discount.
23. What is a rights issue?
Rights issue is the behavior of listed companies to further issue new shares and raise funds to the original shareholders according to the needs of the company's development and relevant regulations and procedures. Traditionally, when a company issues shares, the subscription right of new shares is distributed among the original shareholders according to the proportion of the original shares, that is, the original shareholders have the preemptive right.
24. What is a rights issue?
Share transfer is a unique product of China stock market. The holders of state-owned shares and legal person shares give up the rights issue and transfer the rights issue to other legal persons or the public with compensation. The new shares subscribed by these legal persons or the public when exercising the corresponding rights issue are called rights issue. At present, the rights issue is not listed and circulated.
Although the rights issue can solve the problem that the shareholders of state-owned shares and legal person shares cannot issue shares, it will gradually reduce the proportion of state-owned shares and legal person shares in the total share capital, and in the long run, they will lose their controlling rights. At the same time, the rights issue has produced social public shares that cannot be circulated at present, which has affected the enthusiasm of investors to subscribe and brought about confusion in the ownership structure.
In order to overcome the limitation of rights issue, more and more state-owned shareholders and legal person shareholders of listed companies participate in rights issue in cash or convert their assets into cash, which greatly improves the strength of the company, not only ensures that the equity is not diluted, but also encourages the public to invest in listed companies.
25. what does "n, XR, XD, DR" mean?
On the first day of listing, Shenzhen and Shanghai stock markets put "N" in front of the Chinese names of new shares to remind investors. Stocks with "N" in front of their names are all new shares listed on the same day.
"XD" is the abbreviation of "exit÷divident", which means ex-dividend;
"XR" is the abbreviation of "exit÷right", which means ex-right;
"DR" is the abbreviation of "exit÷divident÷right", which means ex-dividend and ex-dividend.
26. What is a bull market? What is a bear market? What are its market characteristics?
The so-called "bull market", also known as bull market, refers to a big market that is generally bullish and lasts for a long time. The so-called "bear market", also known as short market, refers to the general bearish market. In a relatively long-lasting collapse.
Generally speaking, the experience time of a bear market is shorter than that of a bull market, accounting for only one-third to one-half of that of a bull market. But the specific time of each bear market is different, because the market and economic environment will be very different. Looking back at the period from 1993 to 1997, the Shanghai and Shenzhen stock markets in China experienced a sharp rise and fall in stock prices, which was a complete periodic process from cattle to bears, and then from bears to cattle.
27. What is the turnover rate?
"turnover rate", also known as "turnover rate", refers to the turnover frequency of stocks in the market in a certain period of time and is one of the indicators reflecting the strength of stock liquidity.
Its calculation formula is: turnover rate (turnover rate) = (turnover in a certain period of time/total number of shares issued) * 100%.
28. What is ST stock?
ST stock refers to the special treatment given by Shanghai and Shenzhen Stock Exchanges to the stock trading of listed companies with abnormal financial or other conditions. Because the English word for "special treatment" is "ST", these stocks are referred to as ST shares for short. The above abnormal financial or other situations mainly refer to two situations. First, the audited net profit of listed companies has been negative for two consecutive fiscal years, and second, the audited net assets per share of listed companies in the latest fiscal year are lower than the par value of shares.
29. What is PT sharing?
PT stock is a stock variety that provides special transfer service for stocks that have been suspended from listing and circulation (PT is the abbreviation of "special transfer" in English). This is because according to the relevant provisions of the Company Law and the Securities Law, listed companies will be suspended from listing for three consecutive years. From July 9th, 1999, the Shanghai and Shenzhen Stock Exchanges implemented "special transfer service" for such suspended stocks.
30. The concept of securities depository
Securities depository refers to a system in which clearing companies and their agencies, as legal securities registration institutions, accept the entrustment of investors, and provide them with various services such as transaction transfer, non-transaction transfer and other securities registration changes, stock dividends and loss reporting of securities accounts, so as to finally determine the rights and interests of securities holders and securities changes. Securities depository is a form of property custody system.
3 1. Price-return ratio
P/E ratio is the ratio of share price to earnings per share. (P/E ratio = price of common stock per stock market ÷ annual return of common stock per share) The numerator in the above formula is the current price per share in the stock market, and the denominator can be the return in the latest year or the predicted return in the next year or years.
32. What do you mean by reinstatement?
After stock ex-dividend and ex-dividend, the stock price has changed, but the actual cost has not changed. For example, the original shares in 20 yuan are 10 yuan after giving away ten shares for free, which is actually equivalent to 20 yuan. Judging from the K-line chart, this price seems very low, but it is likely to be an all-time high. Therefore, if you don't correct your rights and interests (regain your rights), it is likely to affect your correct judgment.
33. What is stock delivery?
Share delivery means that listed companies distribute profits (or increase capital) to investors in the form of bonus shares in order to increase the shares held by investors and obtain investment income. Investors do not need to go through any formalities, and the bonus shares will be automatically transferred to the investor's account.
34. What is stock dividend?
Dividends are cash dividends of listed companies, and they need to pay income tax. When distributing, the dividend income can automatically enter the shareholder's account, and investors do not need to go through any formalities.
35. What is the K line (Yin-Yang line)?
K-line represents the stock price changes in a certain period through simple and unified graphics. The unit price is called daily line if it is a day, weekly line if it is a week, monthly line if it is a month, 5-minute line or time-sharing chart if it is 5 minutes, and so on. K-line mainly includes opening price, highest price, lowest price and closing price.
K-line is mainly divided into two categories, namely, positive line and negative line. When the closing price of the day is greater than the opening price of the day, we call it a positive line, and when the closing price of the day is less than the opening price of the day, we call it a negative line. K-line is to use this graph to express the stock price changes at various stages of the stock market through its alternating K-line changes of Yin and Yang.
36. What is a basic analysis?
Fundamental analysis, also known as fundamental analysis, refers to an analysis method that securities investment analysts evaluate the investment value of securities, judge the reasonable price of securities and put forward corresponding investment suggestions according to the basic principles of economics, finance, financial management and investment science, such as macroeconomic indicators, economic policy trends, industry development, product market conditions, company sales and financial conditions. The theoretical basis of basic analysis is based on the premise that the "real" (or "intrinsic") value of any financial asset is equal to the present value of all expected income streams of the owner of the asset.
37. What is technical analysis?
Technical analysis is a method to analyze the future trend of securities prices only from the market behavior of securities. There are many forms of market behavior of securities, among which the changes of market price, volume, price and quantity of securities and the time required to complete these changes are the most basic forms of market behavior. The theoretical basis of technical analysis is based on the following three assumptions: that is, the behavior of the market contains all information; The price moves along the trend; History will repeat itself. Technical analysis refers to the direct analysis of the market behavior of the securities market. Its characteristic is to explore some typical laws of the past and present behavior of the market by using mathematical and logical methods, and predict the future trend of the securities market accordingly.
38.shares
Shares are the manifestation of the capital of a joint stock limited company. There are three meanings of shares: first, shares are an integral part of the capital of a joint stock limited company; Second, shares represent the rights and obligations of shareholders of a joint stock limited company; Third, stocks can express their value in the form of stock prices.
39. The face value and book value of shares
The face value of a stock is also called face value, that is, the amount indicated on the face value of a stock.
The book value of a stock, also known as its net value or net assets per share, is the value of the actual assets represented by each share. The book value per share is calculated by dividing the company's net assets by the number of ordinary shares issued.
40. liquidation value and intrinsic value of stocks
Stock liquidation value refers to the actual value of each share at the time of liquidation. Theoretically, the liquidation value of a stock should be consistent with its book value, but in fact, the actual liquidation value of most companies is always lower than its book value.
The intrinsic value of a stock is a theoretical value, that is, the present value of its future earnings, which depends on the expected dividend income and market rate of return.
4 1. Theoretical price of stock
Stock price, also called stock market, refers to the price at which stocks are bought and sold in the securities market. Divided into theoretical price and market price. Theoretically, the theoretical price of a stock is the price of a stock, which should be determined by its value, but the stock itself has no value. It has a price because it represents the value of income, so the price of stock is the evaluation of future income, that is, the present value of future income calculated at a certain market interest rate (the present value of stock).
42. The market price of stocks
Stock price, also called stock market, refers to the price at which stocks are bought and sold in the securities market. Divided into theoretical price and market price. The market price of stocks generally refers to the price at which stocks are bought and sold in the secondary market. It is equal to the expected return of the stock divided by the market interest rate.
43. Preemptive right
The preemptive right refers to the right of the original common shareholders to subscribe for a certain number of newly issued shares at a certain price lower than the market price according to their shareholding ratio when the joint-stock company decides to increase its capital. The preemptive right, also known as the stock preemptive right, is a privilege of common shareholders. In our country, it is also used to be called the rights issue warrant. When a joint-stock company needs to raise more funds and issue new shares to existing shareholders, shareholders can buy a certain number of newly issued shares at a lower price according to the original shareholding ratio. The purpose of the company is: first, not to change the control rights and rights enjoyed by the old shareholders; Second, the issuance of new shares will lead to the dilution of net profit per share in the short term and give shareholders certain risk compensation; The third is to increase the attractiveness of newly issued shares to shareholders.
44. Income from stock investment
Stock investment income refers to the income of investors during the whole holding period from buying stocks to selling stocks. It consists of dividends, capital gains and capital appreciation gains. Dividends include cash dividends, stock dividends, property dividends, debt dividends and Jianye dividends.
45.dividends
Dividends refer to the profits that shareholders get from the company based on their shares. The source of dividend is generally the after-tax net profit of the company, but its specific forms include cash dividend, stock dividend, property dividend, debt dividend and Jianye dividend. Among them, cash dividend is the dividend and bonus paid in the form of currency, which is the most common and basic form of dividend.
46. Stock dividends
Stock dividend is a dividend distributed in the form of stock, which is usually distributed to shareholders by the company as a dividend instead of cash. Stock dividend is a transfer between different items in shareholders' equity account, which has no influence on the company's assets, liabilities and total shareholders' equity.
47. Dividends on property and liabilities
Property dividend means that the company distributes dividends to shareholders with property other than cash. The most common ones are stocks, bonds or physical objects held by other companies or subsidiaries.
Debt dividend is a kind of debt that the company distributes to shareholders with bonds or notes payable as dividends.
48. Jianye bonus
Jianye dividend, also known as construction dividend, refers to joint-stock companies that operate railways, ports, hydropower, airports and other businesses. Because of its long construction period, it is impossible to carry out business and make profits in a short time. In order to raise the required funds, the company can return part of its share capital to shareholders as dividends after it is clearly stipulated in the articles of association and approved. Jianye dividend is different from other dividends. It is not the profit from the company, but the pre-distribution of the company's future profits. Essentially, it is a liability distribution, which is an exception to the principle of no profit and no dividend.
49. Capital gains
Capital gains and losses refer to the gains made by investors in the stock market through the difference between the buying price and selling price of stocks, also known as capital gains and losses. When the selling price is greater than the buying price, it is a capital gain, that is, the capital gain is positive; when the selling price is less than the buying price, it is a capital loss, that is, the capital gain is negative.
50. Capital appreciation income
The form of capital appreciation gains from stock investment is stock delivery, but the funds for stock delivery are not from the distributable profits of the year, but from the provident fund drawn by the company, so it can also be called the transfer of provident fund to share capital. Capital appreciation income is the main investment purpose that long-term investors hold for a long time after choosing high-quality company stocks.
5 1. dividend yield and holding period yield
Dividend rate, also known as yield, refers to the ratio of dividends paid by joint-stock companies in cash to the stock market price.
Holding period rate of return refers to the ratio of the income and bid-ask spread during the period when investors hold stocks to the buying price of stocks.
52. share split's post-holding period rate of return
The holding period rate of return after the split share structure refers to the adjusted holding period rate of return calculated by investors when they encounter the split share structure (that is, the split share structure) of joint-stock companies after buying shares. Share split's post-holding period yield = (adjusted capital gains and losses+adjusted cash dividends)/adjusted purchase price × 100%.
53. How to calculate the ex-dividend price?
After dividends are distributed by listed companies, except dividend rights and allotment rights, ex-dividend price or ex-dividend price will be generated on ex-dividend date, which is generated on the basis of date of record's closing price. The calculation method is as follows: ex-dividend price = base date closing price-cash distribution per share. Ex-dividend price calculation is divided into ex-dividend payment and ex-dividend payment. The calculation method of stock ex-dividend price is: stock ex-dividend price = closing price on benchmark date /( 1+ stock ex-dividend rate); The calculation method of ex-dividend price of rights issue is: ex-dividend price of rights issue = (base date closing price+rights issue price × rights issue ratio) /( 1+ rights issue ratio). The calculation method of dividend, bonus and dividend ex-dividend price is ex-dividend price = (closing price+allotment ratio × allotment price-cash per share) /( 1+ allotment ratio+allotment ratio). Note: Ex-dividend price and ex-dividend price are announced by the Exchange on ex-dividend date.
54. Cowhide market
Refers to the increase of securities prices during the trading day under investigation. The decline is very small, the price changes little, and the market price seems to be pegged, such as the tenacity of cowhide. In the cowhide market, the transaction volume is often very small, and the cowhide market is a price market performance when the power of buyers and sellers is balanced.
crash
Crash means that a large number of securities are thrown out of the securities market for some negative reasons, which leads to an infinite decline in the price of the securities market. I don't know how much it can stop. This phenomenon of continuous large-scale selling of securities is also called large-scale selling.
56. All the bad news came out
In the stock market, due to the influence of various unfavorable news, the stock price fell. This trend lasted for a period of time and declined to some extent. The short-selling power began to weaken, investors were no longer affected by these negative factors, and the stock price began to rebound and rise. This phenomenon is called "all negative".
57. Deviation between quantity and price
The relationship between quantity and price is different now. Generally, the deviation between quantity and price will produce a new trend, or it may just be an upward adjustment or a downward rebound.
58. Return to file
In the stock market, the stock price is on the rise, and finally reversed to a certain price because of the rapid rise of the stock price. This adjustment phenomenon is called retracement. Generally speaking, the retracement of stocks is less than the increase, and usually it returns to the original upward trend when it falls back to about one-third of the previous increase.
59.rebounding
In the stock market, the stock price is in a downward trend, and the adjustment phenomenon that the stock price eventually reverses and rises to a certain price due to the rapid decline of the stock price is called rebound. Generally speaking, the rebound of stocks is less than the decline, usually when it rebounds to about one-third of the previous decline, it resumes its original downward trend.
60. Consolidation (consolidation)
After the stock price rises or falls rapidly in the stock market, when it meets the resistance line or the support line, the original rising or falling trend obviously slows down and starts to jump up and down, with the range of about 15%, which lasts for a period of time. This phenomenon is called sorting. The emergence of consolidation usually indicates that bulls and bears are fighting fiercely, resulting in jumping prices, which is also the prelude to the next big change in stock prices.
6 1. Lock it up
Refers to the trading risks encountered in stock trading. For example, investors expect the stock price to rise, but the stock price has been falling after buying. This phenomenon is called long locking. On the contrary, investors expect the stock price to fall and short the borrowed stock, but the stock price has been rising. This phenomenon is called short selling.
62. Empty rolling
That is, short selling. The stock holders in the stock market agreed that the stock would plummet that day, so most people grabbed the empty hat and sold the stock. However, the share price did not fall sharply that day, so they could not buy the stock at a low price. Before the stock market closed, short sellers had to compete to cover their positions, but the closing price rose sharply.
63. Stock trading
Stocks with less than one trading unit (1 lot = 100 shares), such as 1 share and 10 share, are called zero shares. When selling stocks, you can entrust them with zero shares; But when buying stocks, you can't entrust zero shares. The minimum unit is 1 hand, that is, 100 shares.
64. Buy a shell and go public
The so-called shell listing means that the dominant enterprise obtains the ownership, management right and listing status of the acquired party (listed company) by purchasing creditor's rights, holding shares, direct investment and purchasing stocks. At present, in China, shell buying and backdoor borrowing are generally carried out through mergers and acquisitions in the secondary market or through the transfer of state-owned shares and legal person shares by agreement.
65.wei bi
Commission rate is a technical index to measure the strength of market trading in a period of time. The calculation formula is: commission ratio = (number of entrusted buyers-number of entrusted sellers)/(number of entrusted buyers+number of entrusted sellers) × 100%. As can be seen from the formula, the value range of royalty ratio is-100% to+100%. If the commission ratio is positive, it means that the market buying is strong, and the larger the value, the stronger the buying. On the other hand, if the commission ratio is negative, it means that the market is weak. In order to reflect the strength of real-time trading in the market in a timely manner, the number of entrusted purchases refers to the total number of entrusted purchases that immediately enter the third gear, and the number of entrusted sales refers to the entrustment that immediately enter the third gear.