| Summary: | 碩士 === 樹德科技大學 === 金融系碩士班 === 106 === Department of Finance,Shu-Te University
A Study on Buying and Selling Points of Apple Concept Stocks by Using the Staff Notation Investment Method
Student：His- Fei Wu Advisor：Dr.Yu-Min Chang
ABSTRACT
There is an old saying that says “Buy the Dip and Sell the Rip.” in the stock market. However, what is so-called the high price or low price? It is difficult to give a definition. If the operation has no tactics and often buys and sells, plus the handling fee and the payment of the tax, it is often a small profit while making big losses. It is very important for investors to determine the appropriate buying and selling points. This study examines the buying and selling points by using the Staff Notation Investment Method based on Mean Regression Theory and the Chan’s Tunnel. According to the Staff Notation Investment Method, when the stock price reaches an optimistic line of ninety-five percent, we examine the Stochastics, combine the fundamental analysis and chip analysis, and decide to continue to hold it at this time or lock in profits as soon as possible. When the stock price came to ninety-five percent of the pessimistic line, in the same way to examine and decide to bravely enter the court or claim compensation.
This study was based on the “the YAHOO FINANCE database,” with 58 shares of Apple Concept shares in the concept stocks as the subject. In order to fit the medium-term band''s view of investing in and out, the investment period is set at 3.5 years and the study period chosen is from October 30, 2014 to April 25, 2018.During the period of booming development of Apple''s concept stocks, the volatility of stock prices is more obvious, which is more valuable for investors. The results of this study show that there are 16 stocks that meet the investment strategy and can carry out 17 transactions. The average holding time is 432 days. The shortest holding period is 99 days, and the longest is 931 days; the Return On Investment is between 19% and 371%, and the annualized return is between 9% and 244%. Therefore, the average rate of return obtained using this strategy is also 84%, which is better than the fixed rate and the overall average return rate of the broader market.
Keywords: Staff Notation Investment Method, Mean Regression Theory, Chan’s Tunnel，KD Value
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