Sub-new shares are generally short-listed varieties. After the reform of the issuance system, the IPO of listed companies is more stringent, so the quality of sub-new shares that can be issued and listed in the securities market is generally good. Today, Bian Xiao will share with you the investment and selection skills of new shares for your reference only!

Investors are often just keen to subscribe for new shares and make a profit once they go public. They seldom think about which of these new shares are worth holding for a long time. When the winning rate of new shares is getting lower and lower, and the subscription of new shares can no longer meet the needs of profitable large institutions, they will take the initiative to stop the game of subscription of new shares and look for profit opportunities in the new shares sector with high selling pressure in the secondary market, so a number of sub-new shares with real performance and high growth have become the main targets of institutional absorption.

The most important feature of sub-new shares is that they have both speculative investment value. From the investment point of view, most of the sub-new shares have good performance and mainly belong to high-tech growth industries, and many of them have small circulation scale, which makes them have synchronous growth in performance and equity and good market activity. Especially for some special stocks in the industry, there are many obscure themes in the market speculation. In addition, a series of projects invested by funds raised during IPO have entered the payback period, and new profit growth points are constantly emerging, which has a good supporting role in greatly improving its performance. From the perspective of speculative value, sub-new shares often show staged hot speculation. Once the market enters adjustment or the market lacks hot spots, the sub-new shares will be poached by the main force to attract market popularity. Therefore, many market opportunities are its important characteristics.

1 Basic trend and investment strategy of new shares

Judging from the speculation of new shares in the past, a few new shares rose sharply after listing. For small and medium-sized retail investors, this kind of stock can only "quench thirst by drinking poison" and dare not enter. However, most new shares will not rise immediately after listing, but will perform well after a period of time. Small and medium-sized retail investors can participate in these stocks. How do small and medium-sized retail investors participate in the speculation of such stocks must analyze the trend of new shares after listing in order to make investment decisions. Generally speaking, the trend of new shares after listing has the following three forms:

The rising trend of (1) oscillation and its investment strategy. The positioning of sub-new shares is moderate, and the stock price fluctuates and rises, which is easy to form a flag-shaped rise or an obvious rising channel, indicating that institutions enter the market to collect chips and the mid-line funds are actively absorbed. Small and medium-sized retail investors can open a part of the bottom first, and the remaining positions can be absorbed after the first plunge during this period.

(2) Interval oscillation trend and investment strategy. The positioning of the new shares is reasonable, and the stock price basically fluctuates in the box. There are two situations in this trend of sub-new shares: first, the trend fluctuates with the general trend, and such stocks are either not involved in Zhuang or the banker is not deeply involved. For such stocks, small and medium investors should wait and see. Second, after a period of box oscillation, the stock price broke through the box downward, indicating that the stock has the main force to intervene and suppress the absorption of goods, and small and medium investors can buy with a small amount of money. When the stock price stops falling and rises, small and medium investors will increase their positions to buy.

(3) Fluctuation trend and investment strategy. Because of the good market image, over-packaging or high index position, the secondary market is positioned on the high side, and then the stock price began to fluctuate and fall. For this kind of stock, once a W-bottom or triple bottom pattern is formed, the dealer can suppress the opening of positions, with obvious purpose. For stocks with this trend, we can choose the intervention opportunity of small and medium investors when the bottom form is about to break through. At this time, the price is often lower than the banker's cost, and there will be considerable income.

Selection skills of sub-new shares

(1) Select stocks according to the technical indicators of sub-new shares. When speculating sub-new shares, we should focus on the popularity willingness index ARBR, in which the popularity index AR can reflect the popularity of sub-new shares, and the willingness index BR can reflect the intensity of willingness to buy and sell sub-new shares. When the AR and BR lines in the second IPO ARBR index are less than 100, if the BR line crosses the AR line quickly and forcefully, investors can actively buy on dips.

(2) Select stocks according to the trading volume characteristics of new shares. In the process of increasing the volume of new shares, investors can still actively choose stocks, seize opportunities, and moderately chase after the increase. But pay attention to whether the transaction volume is too large. If the transaction volume is too large, it will greatly consume the upward momentum of the stock price, which will easily make the stock price peak in the short term and turn into a strong adjustment.

(3) Pay attention to the time of IPO listing. Due to the continuous listing of new shares, the capacity of this sector continues to expand, and some sub-new shares that have been listed for a long time will gradually evolve into old shares, which gradually lack linkage with sub-new shares.

(4) Pay attention to whether the sub-new shares have been hyped crazily in history. Investors should try their best to choose sub-new shares that have not been hyped crazily, which has great speculation potential.

(4) Pay attention to whether the performance of sub-new shares is stable. At present, there are many phenomena of excellent performance in one year, mediocre performance in two years and poor performance in three years. It is not uncommon for new shares to change their faces less than a year after listing. Investors should pay attention to the selection of sub-new shares with good operability.

(5) Pay attention to whether the new shares have heavy positions to lock chips. At the beginning of listing, some new shares have done a lot of publicity work and various investment analysis reports. After the listing, it was strongly sought after by retail investors, which led to the heavy locking chips of new shares and the difficulty in showing the stock price.

Stock selection and spot gold

Pay attention to the newly launched and potential stocks in the sub-new shares. For those sub-new shares that rose too high in the previous period and fell with the market turnover in the near future, they should gradually meet the high layout during the rebound process. There are many signs of starting from the bottom in the sub-new shares, which are optimistic from the perspective of industry development prospects, and obviously have the main support from the technical trend. These stocks have obvious signs of incremental capital intervention in the early stage, and the volume and price are well matched, which is promising in the medium and long term.

Pay attention to those sub-new shares that are distributed for the first time after listing. Because the new shares have accumulated profits, the performance growth potential is huge, and there is a high proportion of transfer potential. As soon as the annual report appeared, the distribution scheme of listed companies has always been a hot spot in the market during the disclosure of annual reports over the years. Of course, the distribution plan of listed companies is difficult for investors to predict, but the initial distribution of new listed companies after listing is clearly stated in the prospectus and listing announcement. Therefore, investors can choose sub-new shares with small circulation, optimistic industry prospects and signs of starting at the bottom to open positions according to their industry fundamentals and technical trends.

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