發新話題 Report thanks

[心水分析] This is why market fall so much yesterday.

Black Tuesday was itself a reflexive phenomenon --a cascade effect triggered,exacerbated and perpetuated by wave after wave of futures-selling by investors implementing portfolio insurance.The more the market fell,the more futures they had to sell.The more the futures fell,the more stocks fell in sympathy,and so on and so on.The cycle burned itself out when the portfolio insurers ran out of bullets.

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Signs of big drop.

2007/12/18     Bank of England Mervyn King called for a series of measures to prevent another Northern Rock-style crisis and of months of “painful adjustment” as the problems in credit markets worked themselves out.

2008/1/16       任志剛在上周(大跌市前)已出奇地在傳媒講話, 話希望港股直通車盡快落實, 細節可以慢慢傾

2007/12/18     李嘉誠及旗下長和系申報資料證實,在12月14日各以每股6.06元減持中海集運2.5億股H股,及以每股24.8元減持中國遠洋8900萬股H股,合共套現逾37億港元。

2007/12/11     真優美撤回上市計劃, 保薦人:麥格理及工商東亞

2007/11/16     Berkshire Vice Chair Munger Sells Small Slice of Berkshire Hathaway

2007/11/28     九龍倉八供一

2007/10/31     新鴻基地產擬配股融資109億

2007/10/23      金管局入市港元拆息急跌, 本港日間拆息亦全線回落至5厘以下,1個月、3個月和6個月拆息分別為4.898厘、4.996厘和4.758厘。
http://www.editgrid.com/user/wargodriver/Hibor

2007/10/16     Warren Buffett sells all of PetroChina Holdings

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oh..really????

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從去年「次按」債券出事以來,金融體系內的信心動搖,債券市場首當其沖,財富大量蒸發,接著引起金融機構的股價下跌,「次按」危機開始發酵。美股大跌,信貸緊縮引起美資在全球拋售所持股票調錢回國救急。香港股市受影響下跌,而下跌到一定程度,觸動了技術性沽盤,這包括了衍生工具關聯的股票沽出,觸動了股票的「孖展」盤,call不到孖展相關股票就會被「斬倉」,祇有「斬倉」盤才是不計價格瘋狂沽出的。這兩天在香港發生的就是這樣的故事,此時的股市是技術性的沽盤控制的,完全不講道理的。

        今天港股的250天平均線毫無阻力,輕易失守,就是這個原因。

轉載: http://dpz88.spaces.live.com/

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外資大戶玩野, 放火燒人地屋企自己屋企. 陸Sir話既, 非常同意..

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回復 waic 2# 的帖子

分析得非常清楚呢個"骨牌效應".

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thanks