Gem Retaliation Against Private Equity Funds Busy &Nbsp; Three Risks To Be Released.

Continuation of the early weakness pattern

In early trading yesterday, the gem fell to a minimum of 828.5 points, breaking through the historical low of 832.62 points set on 2 July last year, and the whole plate paction was not active, and the turnover was only 1 billion 946 million yuan in the morning.

After the afternoon, the wind and cloud changed: most of the GEM stocks seemed to be pulled up by an invisible hand, and their share prices were turning green and then rapidly rising.

From the gem, the momentum is very obvious, from the beginning of the afternoon of -0.35%, 40 minutes after the GEM board index rose to more than 4%.

At the same time, the volume suddenly increased, the turnover of an hour reached 2 billion 814 million yuan, which was nearly 1.5 times the total turnover of two hours in the morning.

Gem rebounded suddenly, for a while, mysterious funds "bottom theory" spread in the market.

"300091.SZ" started its rebound in 10:40 minutes, and started at 10:50 minutes, while Hua Ping shares started later, about 10 minutes.

Lin Xiongping, a private equity fund manager, opened one after another stock market share price diagram to the first financial daily (micro-blog) Daily reporter, the evaluation said, "gem stock trading stocks start time is in the morning."

The Jedi counter attack in the intraday market is a continuous decline in the growth enterprise market and a record lows. Its short-term rebound opportunities were collectively perceived by many market investors and triggered collective collation.

Lin Xiongping believes that "mysterious funds in the afternoon after the bottom of a rebound" is not enough to believe.

Yesterday, in the middle of the game, Lin hung Ping and his two large family friends bought hundreds of thousands of gem stock.

Guangdong new value investment director Luo Weiguang is a strong supporter of gem and even small cap stocks "bottoming out" theory.

After the crash on Monday, the most important research topic of the company's Investment Decision Conference in the afternoon was "which industries should be added and the stock should be added."

The Great Wall securities concluded yesterday, "the characteristics of poor liquidity of the gem, and the short kinetic energy caused by the huge fall in the previous stage gradually failed, and jointly created the rebound of the day."

Faced with the strong rebound of gem, private equity fund manager Wu Guoping suggested that small and medium investors should remain cautious.

In Wu Guoping's view, although the gem stock market this year, especially in recent years, the cumulative decline is larger, but the overall valuation is still not cheap.

From the historical experience of the mature international market, most of the stock market of gem will be dull for a long time, and only a few companies can create brilliance.

At present, the gem stock market is also facing the release of three major risks: first, lifting the ban on large number of restricted shares and reducing the impulse after lifting the ban; secondly, after the announcement and implementation of the gem delisting system, the valuation of GEM stocks will take into consideration the risk discount; third, if the new three boards are substantially expanded, their valuation system will have a strong impact on the overall valuation system of the gem.