Another important role of the MA is differentiating between what I call "value trades" and "greater fool theory" trades.

均线的另外一个重要角色是他区分了“价值交易”和“最大的傻瓜理论”交易。

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Trades determine bonuses at the end of the year, even though their real value may not become clear until later.

虽然实际价格在没有实现前并不明确，但交易是决定年底分红的条件。

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Statoil still trades at a discount to the value of its assets.

挪威国家石油公司的交易价格仍旧低于其资产价值。

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My algorithms calculate money flow by subtracting the value of trades made on a downtick from the value of trades made on an uptick.

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The figures from the Tokyo Stock Exchange show that individuals accounted for 36% of the total value of trades in Japan's major stock markets, down from 39% the week before.

WSJ: 5.2% Drop Takes Tokyo Stocks Into a Correction

In addition, stock prices of the big Chinese banks are relatively cheap: Bank of China trades at 1.4 times forward book value, and Agricultural Bank of China trades at 1.6 book value for fiscal year 2011, even though Bank of China is considered a better-run bank.

FORBES: CLSA: Chinese Banks Are A Buy