沽空
short selling
指投資者如看淡某隻股票時,可以支付利息從經紀手中先行借入特定數量的股票,並在市場沽售,待股價下跌時,再以低價購回股票並歸還予經紀,從中賺取差價,前提是必須先借入股票。另一方面,投資者在投資股票時,很多時都會利用借貸進行投資,在香港一般會稱為孖展(Margin),如藍籌股一般可以借五成孖展,即以十萬元的本金,便可以買入價值二十萬元的股票。在內地則不用孖展的稱號而用槓桿(Leverage),其實相當於香港的孖展活動。所謂槓桿其實是乘數概念,一般以倍數來計,即借入三倍或四倍甚至更高的本金去進行投資,如本身有十萬元,做三倍槓桿,便借入三十萬元,即用十萬元,可以買入價值四十萬元的股票。
Refers to as bearish on a stock investor, you can pay interest from the hands of the first brokerage to borrow a specific number of shares, and selling in the market, to be fell again at a low price to buy back the stock and return to the broker, pocketing the difference, provided that must be borrowed shares. On the other hand, investors invest in stocks, many will use when borrowing to invest in Hong Kong generally called Margin (Margin), as blue chips generally by five percent margin, that is the principal one hundred thousand yuan, You can buy shares worth $ 200,000. Mainland is not the title but with a margin of leverage (Leverage), is the equivalent margin activities in Hong Kong. In fact, the so-called leverage multiplier concept is, generally multiples of dollars, namely, to borrow or even three or four times more capital to invest itself as ten million, three times the leverage to do, he borrowed $ 300,000 That is with the ten million, you can buy the value of 3.4 million shares.