Thi truong co phieu chua niem yet Canh bac thoi thuong

Thứ sáu, 26 Tháng một 2007, 11:44 GMT+7

Khuay dong cac san va day con sot chung khoan da niem yet chua thoa, cac nha dau tu cung nhay vao thi truong co phieu OTC (co phieu chua niem yet) lam cho thi truong nay “nao loan” suot 2 thang qua.


Thi truong co phieu chua niem yet: Canh bac thoi thuong
Thi truong OTC nong khong kem san giao dich co phieu da niem yet Anh: Hong Vinh (Tien Phong)

OTC khong tu do

Tai thi truong OTC, co phieu (CP) cua cac ngan hang (NH), Cty chung khoan, bao hiem; Cty co dinh den “dau khi” hien rat hut hang nhu: EAB, Eximbank, Van tai dau khi, Bao hiem dau khi, Hoang Anh Gia Lai, Casumina, Ngan hang An Binh… dang chiem dau bang ve so luong lung mua.

Nham “don gio” voi tam ly cho rang khi len san co phieu OTC se tang gia vun vut nen gia co phieu OTC bi day len cao, doi khi do cung thieu “ao”. Nhung nhin lai thi co qua nhieu bai hoc thuong dau voi dan choi chung khoan theo “tam ly bay dan”.

Loi lam, lo nhieu

Do tranh mua trong phien dau gia dong chua tung co gia CP cua Bao hiem dau khi (PVI) bi day len tren 160.000 d/CP nhung hai tuan nay rot xuong duoi 140.000 dong/CP ma tim nguoi mua cung kho. Con dan dau tu nhu anh Dang Ngoc L (Cty LD O.) thi ngam “qua dang” vi hon 20.000 PVI cua anh da tung duoc tra 185.000 d/CP khong them ban con gio day mo mai gia 165.000d/CP cung chua biet bao gio thanh hien thuc.

Khong chi PVI ma nhieu loai co phieu bao hiem khac cung roi vao canh “bo thi thuong, vuong thi no” do bi day cao qua nhanh. Co phieu cua Eximbank tung bi day len 13,5 trieu d/CP (menh gia 1 trieu CP) va khong it nguoi “om” han nhung lo 5.000-10.000 co phieu nhung gio phai ban tong ban thao voi gia 11 trieu dong de go von.

Hoang Anh Gia Lai tuan truoc doi len den 80.000d/CP voi nhung thong tin day lac quan nhung gio day phai ban duoi 70.000d/CP moi hy vong co nguoi mua. Tung la mot guong mat dien hinh cua gioi dau tu ca nhan buon ban co phieu OTC, Dinh Van H. (Tong Cty Xay dung Sai Gon) tong ket: “Loi vai tram trieu dong/ngay khong phai chuyen lon nhung lo 1,2 ty dong cung la chuyen thuong tinh, OTC rui ro, bat trac va nhieu cam bay hon thi truong niem yet ca chuc lan”.

That ra voi toc do tang truong qua nhanh cua thi truong chung khoan (TTCK) hien nay, loi dam tu co phieu OTC khong phai la giac mo. Nhu Eximbank hai thang truoc chi moi tren duoi 8 trieu dong/CP, neu dam bo ra 800 trieu dong thi vao dau thang 1/2007 hoan toan co the loi tren 500 trieu dong khi gia co phieu nay len tren 13,5 trieu dong. Nhung quyet dinh duoc thoi diem mua va ban, giu hay khong, thong tin “mua” tu dau de quyet dinh thi van la bi quyet phai tra gia bang “hoc phi”. Trong khi do lo bac ty thi chang may ai dam he lo vi so mang tieng “dot”.

Nhung cai bay chuc cho

Nhung nhung bai hoc tren van khong du canh tinh cac nha dau tu lao vao canh bac cua dam dong. Hien co phieu cua NH Dong A cung len hon 45 trieu dong/CP loai 2 trieu dong/CP, con nhung co phieu cua VIBank, Habubank, VP Bank, An Binh … cung da tang gap 6 7 lan. Khong chi nganh ngan hang, chung khoan, bao hiem hut hang ma ca nhung co phieu cua nganh thuy san nhu Thuy san Soc Trang, Minh Hai, Ca Mau, nganh thuc pham nhu Vinacaphe, Vinabeco, Bia Sai Gon mien Tay… cung thi nhau len gia trong 3 thang gan day.

Nguyen nhan chinh theo ong Nguyen Ngoc Phuong, Truong phong Tu van Cty Chung khoan Bao Viet - la “dan dau tu mua trong san thay loi it hon nen do ra OTC lam gia doi len, lai dung vao dip cac Cty OTC co tin sap len san, chia co tuc nen cau cang manh con cung lai chang may ai muon ban ra, ho cho thoi va lam gia”.

Chong mat nhat la cac loai co phieu ngan hang, den do nhieu chuyen gia chung khoan nhu ong Bui Nguyen Hoan-Vu truong UBCKNN tai TPHCM-phai dat cau hoi: “Lieu do co la gia tri thuc hien nay cua cac loai co phieu nay”.

Ong Hoan canh bao: “trong khi cac nha dau tu nuoc ngoai co ke hoach lau dai, chien luoc ro rang va trong cho o tuong lai thi cac dau tu trong nuoc, chu yeu la ca nhan qua de bi loi keo de chay theo cai loi truoc mat lam gia co phieu OTC day len qua cao, gay thiet hai chung ma nan nhan roi se la ho”.

“Dai gia” Vu Van H., nguoi da choi chung khoan tu 25 nam nay (20 nam tai thi truong New York va 5 nam tai TPHCM), tiet lo: “Chi can bo ra vai ty dong la co the tung tin lam thi truong OTC nhich len hay ha xuong chut it, con 2-3 chuc ty dong thi co the lam gia co phieu OTC duoc. So tien nay voi nhung nguoi chung toi chi la so le con voi cac ba noi tro, huu tri, dan van phong… la ca gia tai. Nhung ho khong biet rang dang dem gia tai nho be cua minh gop phan lam giau them cho cac dai gia voi cach dau tu chay theo so dong nhu hien nay”.

Chieu thuong dung nhat la “thong tin mat” nhu NH A., Cty B. sap chia co tuc hay ban CP voi gia uu dai, roi doanh nghiep C. dang duoc tap doan D. cua My chuan bi mua co phan. Cao hon nua thi T. vua lo 4 ty dong quy nay de gom co phieu gia re roi sau do tung lai tin do chi la tin vit nham keo gia len…

Pho GD mot Cty chung khoan lon cho biet hien thi truong OTC dang bi 5-6 nhom nguoi tac dong gia. “Chung toi cung tim moi cach de ghim ho nhung cac nha dau tu ca nhan nho le du ban linh va choi song phang voi ho khong nhieu”- Ong nay noi.

Moi thu deu gan nhu tu do 100% tren thi truong co phieu OTC nen co le loi khuyen cao cua ong Phuong dang de cac nha dau tu ca nhan suy ngam truoc khi nhay vao cuoc choi loi nhieu dong nghia voi rui ro lon. Thi truong niem yet von da “rac roi” voi nhung ai khong am hieu kien thuc chung khoan va OTC lai cang mong lung hon nua voi nhieu “cai bay” luon chuc cho...

(Theo Tien Phong)

Tiep theo >>


^ Lên đầu trang ^


Copyright © 2006-2012 by VietBao.vn
Viet Bao Viet Nam - All Rights Reserved.