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常常
2020-10-09
$百济神州(BGNE)$
反正呢,长期持有
常常
2017-10-25
好未来预计的财报不及预期?为什么跌这么多
$好未来(TAL)$ 好未来预计的财报不及预期?为什么跌这么多?有人讲讲吗
好未来预计的财报不及预期?为什么跌这么多
常常
2020-10-09
$Yalla Group(YALA)$
没卖,总算回来了
常常
2017-11-14
财报呢?哪去了
$美光科技(MU)$ 不是今天财报吗
财报呢?哪去了
常常
2020-10-01
$Yalla Group(YALA)$
这太坑爹了,知道中签的时候股价已经掉下来了。。。
常常
2019-07-22
$HealthEquity(HQY)$
随便买了一点点的涨这么多,精挑细选的还在跌。。。
常常
2020-12-18
2020/12/18 交易笔记 by 常常
2020/12/18 成本 现价 浮动收益 哔哩哔哩(BILI) 27.71 81.60 194.49% 坐稳别动往往是最难的了
2020/12/18 交易笔记 by 常常
常常
2020-12-18
2020/12/18 交易笔记 by 常常
2020/12/18 成本 现价 浮动收益 哔哩哔哩(BILI) 27.71 81.60 194.49% 坐稳别动往往是最难的了
2020/12/18 交易笔记 by 常常
常常
2019-07-24
这篇文章不错,转发给大家看
@爱上趋势股:机构“抱团”启示录:学学机构怎么炒股!(1)
去老虎APP查看更多动态
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Group(YALA)$</a>这太坑爹了,知道中签的时候股价已经掉下来了。。。","text":"$Yalla Group(YALA)$这太坑爹了,知道中签的时候股价已经掉下来了。。。","images":[{"img":"https://static.tigerbbs.com/caef04e9f0f64ffc7200ffb3d4741c36","width":"1080","height":"2400"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/977880251","isVote":1,"tweetType":1,"viewCount":1252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":993152676,"gmtCreate":1563904310995,"gmtModify":1704706183918,"author":{"id":"3464226580744001","authorId":"3464226580744001","name":"常常","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3464226580744001","authorIdStr":"3464226580744001"},"themes":[],"htmlText":"这篇文章不错,转发给大家看","listText":"这篇文章不错,转发给大家看","text":"这篇文章不错,转发给大家看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/993152676","repostId":"999723973","repostType":1,"repost":{"id":999723973,"gmtCreate":1563526786091,"gmtModify":1704705649907,"author":{"id":"3502860692623653","authorId":"3502860692623653","name":"爱上趋势股","avatar":"https://static.tigerbbs.com/17f4521614b0cae62aff9fa7fa80fa77","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3502860692623653","authorIdStr":"3502860692623653"},"themes":[],"title":"机构“抱团”启示录:学学机构怎么炒股!(1)","htmlText":"今天看了一篇招商证券的研报,张夏先生写的文章《“抱团”启示录:那些年我们抱过的团》,非常精彩,趋势哥分享给大家,长文周末慢慢看! 让我们揭开机构什么的面纱,好好研究一下,机构是如何炒股的! (由于篇幅太长,为了提升阅读体验,进行了编辑和配图,今天是第一篇)一、“抱团” 现象的出现与机构投资者的行为特征 在 A 股市场上,基本有两大类投资者,一类是以个人投资者的散户群体,做出买入卖出 的决策理由五花八门;另一类是以公募、保险、私募机构为主的机构投资者,这些机构投资者有着相似的投资决策框架和相似的特征,这些特征包括: 1、定期考核机制 国内的产品管理人都有定期考核机制,无论是绝对收益(和一个固定的业绩基准比较) 或者是相对收益(对市场指数进行比较)。 而且,国内产品管理人面临的投资环境比巴 菲特困难太多——最短的三个月,最长三年就必须交出一份答卷。 这种定期考核机制, 是机构抱团非常重要的一个因素。如果一个行业表现持续好,你没有买入这个行业,在定期的考核的时候,就会遭遇 灵魂之问——“你为什么没有?”“你为什么没重仓?”到最后,表现最好的那个行业被持 仓越来越重,泡沫破灭。 2、真·价值投资 巴菲特被封为“价值投资”的典范,但是巴菲特的“价值投资”与本文所指的价值投资 大相径庭,巴菲特由于其公司无短期业绩考核,极低的融资成本,所以可以长期持有高 ROE 高分红的股票, 本质上更类似套利。 不过很遗憾的是,这种“价值投资”对于国 内机构投资者只是理论是上的存在。 为什么要加一个“真”,因为国内机构投资者整体是最看重业绩的,对业绩和价值的看 重可能要远超巴菲特。 通常要算清楚每一个季度的业绩,一个上市公司一个季度业绩稍 微低预期,都要考虑减持。 因为就算你相信这只是短期的,但是你仍然要担心别的投资 者会无情的抛弃,导致股价出现明显的回调, 为本季度的考核蒙上阴影。(这就是公告业绩","listText":"今天看了一篇招商证券的研报,张夏先生写的文章《“抱团”启示录:那些年我们抱过的团》,非常精彩,趋势哥分享给大家,长文周末慢慢看! 让我们揭开机构什么的面纱,好好研究一下,机构是如何炒股的! (由于篇幅太长,为了提升阅读体验,进行了编辑和配图,今天是第一篇)一、“抱团” 现象的出现与机构投资者的行为特征 在 A 股市场上,基本有两大类投资者,一类是以个人投资者的散户群体,做出买入卖出 的决策理由五花八门;另一类是以公募、保险、私募机构为主的机构投资者,这些机构投资者有着相似的投资决策框架和相似的特征,这些特征包括: 1、定期考核机制 国内的产品管理人都有定期考核机制,无论是绝对收益(和一个固定的业绩基准比较) 或者是相对收益(对市场指数进行比较)。 而且,国内产品管理人面临的投资环境比巴 菲特困难太多——最短的三个月,最长三年就必须交出一份答卷。 这种定期考核机制, 是机构抱团非常重要的一个因素。如果一个行业表现持续好,你没有买入这个行业,在定期的考核的时候,就会遭遇 灵魂之问——“你为什么没有?”“你为什么没重仓?”到最后,表现最好的那个行业被持 仓越来越重,泡沫破灭。 2、真·价值投资 巴菲特被封为“价值投资”的典范,但是巴菲特的“价值投资”与本文所指的价值投资 大相径庭,巴菲特由于其公司无短期业绩考核,极低的融资成本,所以可以长期持有高 ROE 高分红的股票, 本质上更类似套利。 不过很遗憾的是,这种“价值投资”对于国 内机构投资者只是理论是上的存在。 为什么要加一个“真”,因为国内机构投资者整体是最看重业绩的,对业绩和价值的看 重可能要远超巴菲特。 通常要算清楚每一个季度的业绩,一个上市公司一个季度业绩稍 微低预期,都要考虑减持。 因为就算你相信这只是短期的,但是你仍然要担心别的投资 者会无情的抛弃,导致股价出现明显的回调, 为本季度的考核蒙上阴影。(这就是公告业绩","text":"今天看了一篇招商证券的研报,张夏先生写的文章《“抱团”启示录:那些年我们抱过的团》,非常精彩,趋势哥分享给大家,长文周末慢慢看! 让我们揭开机构什么的面纱,好好研究一下,机构是如何炒股的! (由于篇幅太长,为了提升阅读体验,进行了编辑和配图,今天是第一篇)一、“抱团” 现象的出现与机构投资者的行为特征 在 A 股市场上,基本有两大类投资者,一类是以个人投资者的散户群体,做出买入卖出 的决策理由五花八门;另一类是以公募、保险、私募机构为主的机构投资者,这些机构投资者有着相似的投资决策框架和相似的特征,这些特征包括: 1、定期考核机制 国内的产品管理人都有定期考核机制,无论是绝对收益(和一个固定的业绩基准比较) 或者是相对收益(对市场指数进行比较)。 而且,国内产品管理人面临的投资环境比巴 菲特困难太多——最短的三个月,最长三年就必须交出一份答卷。 这种定期考核机制, 是机构抱团非常重要的一个因素。如果一个行业表现持续好,你没有买入这个行业,在定期的考核的时候,就会遭遇 灵魂之问——“你为什么没有?”“你为什么没重仓?”到最后,表现最好的那个行业被持 仓越来越重,泡沫破灭。 2、真·价值投资 巴菲特被封为“价值投资”的典范,但是巴菲特的“价值投资”与本文所指的价值投资 大相径庭,巴菲特由于其公司无短期业绩考核,极低的融资成本,所以可以长期持有高 ROE 高分红的股票, 本质上更类似套利。 不过很遗憾的是,这种“价值投资”对于国 内机构投资者只是理论是上的存在。 为什么要加一个“真”,因为国内机构投资者整体是最看重业绩的,对业绩和价值的看 重可能要远超巴菲特。 通常要算清楚每一个季度的业绩,一个上市公司一个季度业绩稍 微低预期,都要考虑减持。 因为就算你相信这只是短期的,但是你仍然要担心别的投资 者会无情的抛弃,导致股价出现明显的回调, 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让我们揭开机构什么的面纱,好好研究一下,机构是如何炒股的! (由于篇幅太长,为了提升阅读体验,进行了编辑和配图,今天是第一篇)一、“抱团” 现象的出现与机构投资者的行为特征 在 A 股市场上,基本有两大类投资者,一类是以个人投资者的散户群体,做出买入卖出 的决策理由五花八门;另一类是以公募、保险、私募机构为主的机构投资者,这些机构投资者有着相似的投资决策框架和相似的特征,这些特征包括: 1、定期考核机制 国内的产品管理人都有定期考核机制,无论是绝对收益(和一个固定的业绩基准比较) 或者是相对收益(对市场指数进行比较)。 而且,国内产品管理人面临的投资环境比巴 菲特困难太多——最短的三个月,最长三年就必须交出一份答卷。 这种定期考核机制, 是机构抱团非常重要的一个因素。如果一个行业表现持续好,你没有买入这个行业,在定期的考核的时候,就会遭遇 灵魂之问——“你为什么没有?”“你为什么没重仓?”到最后,表现最好的那个行业被持 仓越来越重,泡沫破灭。 2、真·价值投资 巴菲特被封为“价值投资”的典范,但是巴菲特的“价值投资”与本文所指的价值投资 大相径庭,巴菲特由于其公司无短期业绩考核,极低的融资成本,所以可以长期持有高 ROE 高分红的股票, 本质上更类似套利。 不过很遗憾的是,这种“价值投资”对于国 内机构投资者只是理论是上的存在。 为什么要加一个“真”,因为国内机构投资者整体是最看重业绩的,对业绩和价值的看 重可能要远超巴菲特。 通常要算清楚每一个季度的业绩,一个上市公司一个季度业绩稍 微低预期,都要考虑减持。 因为就算你相信这只是短期的,但是你仍然要担心别的投资 者会无情的抛弃,导致股价出现明显的回调, 为本季度的考核蒙上阴影。(这就是公告业绩","listText":"今天看了一篇招商证券的研报,张夏先生写的文章《“抱团”启示录:那些年我们抱过的团》,非常精彩,趋势哥分享给大家,长文周末慢慢看! 让我们揭开机构什么的面纱,好好研究一下,机构是如何炒股的! (由于篇幅太长,为了提升阅读体验,进行了编辑和配图,今天是第一篇)一、“抱团” 现象的出现与机构投资者的行为特征 在 A 股市场上,基本有两大类投资者,一类是以个人投资者的散户群体,做出买入卖出 的决策理由五花八门;另一类是以公募、保险、私募机构为主的机构投资者,这些机构投资者有着相似的投资决策框架和相似的特征,这些特征包括: 1、定期考核机制 国内的产品管理人都有定期考核机制,无论是绝对收益(和一个固定的业绩基准比较) 或者是相对收益(对市场指数进行比较)。 而且,国内产品管理人面临的投资环境比巴 菲特困难太多——最短的三个月,最长三年就必须交出一份答卷。 这种定期考核机制, 是机构抱团非常重要的一个因素。如果一个行业表现持续好,你没有买入这个行业,在定期的考核的时候,就会遭遇 灵魂之问——“你为什么没有?”“你为什么没重仓?”到最后,表现最好的那个行业被持 仓越来越重,泡沫破灭。 2、真·价值投资 巴菲特被封为“价值投资”的典范,但是巴菲特的“价值投资”与本文所指的价值投资 大相径庭,巴菲特由于其公司无短期业绩考核,极低的融资成本,所以可以长期持有高 ROE 高分红的股票, 本质上更类似套利。 不过很遗憾的是,这种“价值投资”对于国 内机构投资者只是理论是上的存在。 为什么要加一个“真”,因为国内机构投资者整体是最看重业绩的,对业绩和价值的看 重可能要远超巴菲特。 通常要算清楚每一个季度的业绩,一个上市公司一个季度业绩稍 微低预期,都要考虑减持。 因为就算你相信这只是短期的,但是你仍然要担心别的投资 者会无情的抛弃,导致股价出现明显的回调, 为本季度的考核蒙上阴影。(这就是公告业绩","text":"今天看了一篇招商证券的研报,张夏先生写的文章《“抱团”启示录:那些年我们抱过的团》,非常精彩,趋势哥分享给大家,长文周末慢慢看! 让我们揭开机构什么的面纱,好好研究一下,机构是如何炒股的! (由于篇幅太长,为了提升阅读体验,进行了编辑和配图,今天是第一篇)一、“抱团” 现象的出现与机构投资者的行为特征 在 A 股市场上,基本有两大类投资者,一类是以个人投资者的散户群体,做出买入卖出 的决策理由五花八门;另一类是以公募、保险、私募机构为主的机构投资者,这些机构投资者有着相似的投资决策框架和相似的特征,这些特征包括: 1、定期考核机制 国内的产品管理人都有定期考核机制,无论是绝对收益(和一个固定的业绩基准比较) 或者是相对收益(对市场指数进行比较)。 而且,国内产品管理人面临的投资环境比巴 菲特困难太多——最短的三个月,最长三年就必须交出一份答卷。 这种定期考核机制, 是机构抱团非常重要的一个因素。如果一个行业表现持续好,你没有买入这个行业,在定期的考核的时候,就会遭遇 灵魂之问——“你为什么没有?”“你为什么没重仓?”到最后,表现最好的那个行业被持 仓越来越重,泡沫破灭。 2、真·价值投资 巴菲特被封为“价值投资”的典范,但是巴菲特的“价值投资”与本文所指的价值投资 大相径庭,巴菲特由于其公司无短期业绩考核,极低的融资成本,所以可以长期持有高 ROE 高分红的股票, 本质上更类似套利。 不过很遗憾的是,这种“价值投资”对于国 内机构投资者只是理论是上的存在。 为什么要加一个“真”,因为国内机构投资者整体是最看重业绩的,对业绩和价值的看 重可能要远超巴菲特。 通常要算清楚每一个季度的业绩,一个上市公司一个季度业绩稍 微低预期,都要考虑减持。 因为就算你相信这只是短期的,但是你仍然要担心别的投资 者会无情的抛弃,导致股价出现明显的回调, 为本季度的考核蒙上阴影。(这就是公告业绩","images":[{"img":"https://static.tigerbbs.com/11798377868e4cf976cbb2728a73cde6"},{"img":"https://static.tigerbbs.com/185927e17b0150698b0494df0fe24b03"},{"img":"https://static.tigerbbs.com/b60bd6b1e9702dd3f7dac0d2dbe3c55c"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/999723973","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":13,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}