Li Zhilin Talks About "Overrun" In Stock Market.

We should pay attention to risks after breaking through the top of 3800 boxes.

After breaking the top of the box, we must fight the "out of bounds war". First, we should go beyond the "capital cow" and the two is to surpass "growing cattle".

The three is to focus on "reforming cattle".

When the index continues to rise and the risk is great, the best way to avoid risks is to exchange shares.

The most recent positive and most encouraging thing is that China's leading Asian investment bank has attracted more than 50 countries, including the western developed countries, competing to join in addition to the United States, Japan and Canada.

This shows the rapid progress of China's comprehensive national strength and international status after China's reform and opening up, thus greatly enhancing the confidence and investment enthusiasm of investors in the stock market.

Good and constant: last week, the new account was 1 million 670 thousand, a new high; in February, the official PMI50.1% was higher than last month's 49.1%, exceeding the market expectation; President Zhou Xiaochuan said at the Boao Forum: the number of China's monetary policy and the adjustment of its price instruments are "leeway", suggesting that this year there will be multiple reductions in interest rates. The people's daily issued three days' papers to keep up with the stock market. The title of the latest article is actually "A shares concussion and manoeuvre, which is expected to challenge 4000 points". The new property tax policy reduces the tax exemption period from 5 years to 2 years, which is conducive to investors with multiple housing units throwing property into the stock market; the Executive Council of the State Council requests the national social security fund to expand investment scope and strength, maintain value and increase value, and so on. Stock market profits

Because of this, on Friday, when the SFC announced that the issue of new shares increased to 30 in April, the Shanghai composite index only recovered 33 points from the previous day's closing, and then rose to a higher level, closing up 38 points and continuing to Volume 1 trillion and 260 billion. This shows that A shares are strong enough to be afraid of even new shares.

The first is the growth enterprise market.

This year, from 1471-2510 points, 3 months up to 70.63%, the average price earnings ratio is more than 100 times, the short-term rise is amazing, profit making plate is rich, true and false growth is hard to distinguish.

So on Thursday, Xinhua first issued a paper on the stock market and issued a risk warning for the valuation of the gem which surpassed the peak of the Nasdaq market.

The second is the small and medium-sized board.

This year, from 7698-11945 points, or up to 55.2%.

Among them, quite a few are non emerging industry stocks, and the P / E ratio is as high as 70-80 times. There is a bubble risk of overvaluation and lack of growth.

The second is the motherboard.

This year, the Shanghai Composite Index rose from 3234-3863 points to 19.4%, and Shenzhen Composite Index rose from 11015-13494 points to 22.5%.

although

The increase is not big, but quite a lot of achievements are not in the range of state-owned assets reform.

There are more than 100% of the real value of the stock market, and the stock bubble is obvious.

That is to avoid repeating the mistakes of big stocks in December last year.

In the past, every time the market saw the top, institutions were pulling heavy weights, creating 28 patterns, then diving to escape, and locking up a large number of small and medium-sized investors.

In the short three months, the growth of the gem is 70.63% and the small and medium-sized board is up 55.2%, as well as the main board.

The increase is generally over 50%. It should be said that the "growing cattle" has been basically in place, or even overdrawn.

Before the publication of the annual report and before the completion of a quarterly forecast, investors should be very cautious if they blindly go up to the high level of growth stocks.

Looking at the development of the market for 3 months, the stock of "reforming cattle" has not attracted enough attention.

We will replace the lucrative high priced stocks with the most explosive low price stocks in the second stage of the bull market; replace the endogenous growth stocks into exogenous growth stocks; replace the growth stocks that have already been in place into the reform and reorganization stocks (the reform and regrouping shares are also growth stocks); and turn the well-known white horse stocks into the dark horse stocks that are expected to become the future.

Through this kind of operation, we can withstand the drop of index one hundred or two hundred points at any time and win the market in high index.

In stocks, I aim to achieve 5000 and 6000 goals for myself.

Of course, we should also pay attention to diversification and portfolio investment under the premise of selecting stocks.

In my view, the reform of the stock market system and the structure of listed companies are mainly two kinds: one is the reform of state owned enterprises.

Its listed 1/4 companies, 2/3's total market capitalization, 10 billion listed state assets and 55 trillion unlisted state assets.

As Shanghai has been identified as a pilot project for the reform of state owned assets, the new "draught" of the next stage of stock market will be Shanghai's concept of state-owned assets reform.

We should believe that Shanghai will surely be able to cultivate a number of successful models of state-owned assets reform, and come up with some amazing black horses.

The other is the small and medium and low price asset restructuring stocks of traditional industries.

These listed companies hope to make the traditional enterprises turn into a first-class strategic emerging industry through asset restructuring, merger and absorption.