Let's move to the second point: market timing.
接下来我们讲第二点，市场时机选择。
Determine the best market timing to release products.
确定发布产品的最佳市场时机。
There really is no secret to launching a site, its all down to market timing, a good product and hard work.
实际上一个新的网站上线是没有任何秘密，你需要的只是市场的时机，一个好产品和辛勤工作。
Get market timing wrong and they may lose a fortune (or, if they are a professional fund manager, their clients will).
错误把握市场波动会使他们损失惨重(或者，如果投资者是专业基金经理，那么他们的客户会损失惨重)。
If your goal is to buy low and sell high, you are market timing.
如果你的目标是低买高卖，那么你就是择时交易者。
Despite the controversy, market timing is neither illegal nor unethical.
刨除争议，择时交易既不违法也不违反道德准则。
The study on security selecting ability and market timing ability of the investment funds.
基金证券选择能力和市场时机选择能力的研究；
In addition, stock selection ability is markedly inversely related to market timing ability.
此外，选股能力和择时能力之间存在强烈的负相关性。
All of the world's greatest investors rely, to some extent, on market timing for their success.
世界上所有伟大投资者的成功都在某种程度上依赖择时交易。
The Dow Theory, of course, is one of the oldest market timing systems still in widespread use today.
道氏理论在当前广泛使用的各种随势操作系统当中，可说是历史最为悠久者之一。
Before getting into reasons to sell stocks, investors should realize that timely selling does not require precise market timing.
在找到卖出股票的理由之前，投资者应该认识到，适时地卖出股票不需要精确的市场时点。
So far, researches on fund managers have mainly focused on their abilities of market timing and stock picking and trade behavior.
目前国内学者对基金经理的研究主要集中在其择时、择股能力以及交易行为上。
At the academic level, the very concept of market timing is called into question by those who believe in the efficient market theory.
在学术层面上，择时交易受到那些相信有效市场理论的人质疑。
The result shows that the conclusion of the three models is basically the same: China's open-end funds lack the market timing ability but possess certain selectivity ability.
从结果上来看，三个模型得出了基本一致的结论，中国开放式基金缺乏市场择时能力，但具有一定的选股能力。
Lastly, market timing was clearly in LinkShare's favor as awareness of the online advertising space has clearly grown since the last affiliate marketing acquisition (Performics in May 2004).
最后，交易的时机对LinkShare无疑是十分有利的。自从上一个联属营销领域的收购完成之后(Performics在2004年5月被收购)，对在线广告业务的关注很明显地增加了。
Looking from each test of the resulting, the funds manager of our country lacks ability of market timing and choosing securities, and the risk factor is remarkable in the performance of the funds.
从各检验结果看，我国基金经理缺乏择时、择券能力，而市场风险因素在基金业绩中作用显著。
Market timing is a giant game of scissors, paper, stone.
市场时机的选择就是一场庞大的“剪刀、石头、布”游戏。
Market timing attempts to predict the direction of future market movements in order to buy low and sell high.
择时交易是试图预测未来市场运动的方向以便能进行低买高卖。
Market Timing in Seasoned Equity Offerings with Security Issue Regulation and Its Impact on Capital Structure;
本文对证券选择和市场时机选择能力的研究方法、结论及存在的问题进行了对比分析和讨论。
Market timing can be difficult, but I suspect some degree of it will increasingly be worked into endowment-allocation models.
择时操作并非易事，但我推测这种做法会越来越多地进入到基金会的配置模式中。
Firstly, it analyzes the IPO motivation by using Life Cycle Theories and Market-Timing Theories.
首先就公司上市动机的两种理论即生命周期理论与市场时机理论进行了研究。
There is no evidence that indicate the funds have market-timing ability, but have certain security selection ability.
我国开放式基金没有表现出时机选择能力，但是表现出了显著的选股能力。
It is the ultimate market-timing strategy.
它是一个终极市场时机把握策略。
It is the ultimate market-timing strategy.
它是一个终极市场时机把握策略。
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