As new shares continue to join the stock market family, how to invest in new shares has become an important topic. For investors in the primary market, do they arbitrage immediately after the listing of new shares, or do they earn more by holding shares in the secondary market? For investors in the secondary market, how to choose potential new shares? How to grasp the buying opportunity? This paper tries to make a summary according to the trend of various new shares in recent years. Generally speaking, the trend of new shares after listing is closely related to the following factors.

First, it is closely related to the company's expansion ability. Generally speaking, new shares with moderate total share capital and the ability to expand their share capital in the future are more popular in the market. According to experience, the total share capital should not exceed 200 million shares. Judging from the main funds, the circulation should be small, preferably not more than 50 million, and it is difficult for a bloated body to attract main customers. Therefore, it is similar to Shanghai Pudong Development Bank, with a circulation of 400 million, Northeast Expressway of 300 million, WISCO of 320 million, Dongfeng Motor of 300 million and Valin Pipeline of 200 million, and it is guaranteed to be thrown at the highest point and the second highest point. You don't have to read the long-winded investment value analysis report in newspapers and periodicals. In fact, the share prices of these stocks have shrunk day by day after listing, even reaching below the issue price; After listing, there are 30 million shares of Aerospace Science and Technology, 45 million shares of Tianyi Science and Technology, 50 million shares of Hua Mao, 45 million shares of Katie Power and 40 million shares of Guodian Nanzi. Measuring the waistline of individual stocks is the first level of primary selection.

Second, it is closely related to the timing of listing. Generally speaking, when listing, the market is hot, the positioning of individual stocks is often high, and the short-term increase is often considerable. However, the market persistence is poor, and short-term intervention is often profitable, but we must seize the opportunity to get out in time. For example, Zhejiang University Heiner and Long Yuan Industry listed on the market on May19, and they were very beautiful within a few days of listing, but these stocks often fell slowly because of their high positioning. Some stocks that were over-hyped as soon as they were listed, even for a long time, such as Gezhouba, the new fund 19 in 1998, doubled as soon as it was listed, and its passion continued to fall for several days. Recently, orient tantalum industry also had this symptom on the Shanghai Stock Exchange. If you don't buy such stocks in time, you will often pass by the God of Wealth. But it is more likely that listed stocks will appear in the middle of the market when the market is in a downturn. For example, when the market was in a downturn in 199910-April, many stocks in Shanghai stock market doubled in 5 19.

Third, it is related to its industry. From the industry point of view, the stocks of steel, chemicals and automobiles are almost falling after listing. Therefore, selling stocks such as WISCO and Dongfeng Motor one day earlier will reduce losses one day earlier. And stocks with unique industries and high technology content, such as Ziguang and Katie Power, are still willing to patronize even if the opening price is high, and their shares can be sold at a high price. For investors in the secondary market, there is no need to rush to buy new shares when they are listed. Observe for a period of time and see the trend of the stock before making a decision. Generally speaking, there will be several trends after the listing of new shares, and the operating strategies of different types of stocks are also different accordingly.

The first is to gradually increase the types of plates. Such as thunis, Jinling Pharmaceutical, Guodian Nanzi and Katie Power. After the listing of these stocks, it is almost step by step, and the high and low points are constantly moving up, which can be determined as the main trend of pulling and sucking. This kind of stock has a large increase in the afternoon, which can strengthen the confidence of holding shares and increase the number in the middle. For such stocks, as long as the trend is not changed according to the moving average system, it is profitable to buy at any price.

The second is the long-term sideways type. Some stocks have been sideways for several months after listing, and buying them too early will keep a bad attitude, which may lead to a downward breakthrough after finishing. Investors in such stocks have only two things to do: First, pay attention to the breakthrough direction. The second is to pay attention to the timing of the breakthrough. If you break through after finishing, such as Feicai, Fuxing Technology and South Huitong, you can leave 10% in the stock price finishing area? 15% before buying, let others eat the first paragraph first. If there is a downward breakthrough, such as relay, Lanzhou Yellow River, Dayuan shares, Hebei Gong Xuan, etc. They will decompose for several months after going on the market. If you can't judge the bottom, stop loss in time and wait patiently for a cheaper buying price.

Third, stocks that continue to fall after listing, such as Shanghai Pudong Development Bank, Kelon Electric Appliances, FAW Car, Wuliangye and so on. , every time it closes, it sells right. In addition, there are some tips to buy new shares, such as paying attention to the turnover rate on the first day of listing. According to experience, it can usually be concluded that the turnover rate is as high as 70% on the first day, and there is a greater chance of market outlook. For example, the turnover rate of Ziguang, Guodian Nanzi and Katie Power on the first day was around 70%, and the market outlook was obvious. 2. Stocks that show a slight decline after listing, but not only rebound, are often prone to big market, such as radio and television media, Jiangsu Wuzhong, Orchid shares, Digital Source Technology, etc. 3. The increase of secondary new shares in a round of intermediate market is often twice the starting price. Investors should carefully observe the sub-new shares in the 5 19 market. If there is no special theme, there will often be a callback near the double price. At this time, it is necessary to advance and retreat in a timely manner.