Gem Refers To A High Decline, Beginners Do Not Chase High

Judging from the past market, the gem is really good. Since falling to 585.44 at the beginning of December 2012, the highest price of GEM has fallen by over 2000 points at the time, and the latest total market value has reached 3 trillion and 980 billion yuan, an increase of 3 trillion and 260 billion yuan compared with 585.44. Among them, 74 new shares have been expanded, and the number of listed companies on the latest gem is 429.

From the future, whether GEM stocks are good or not, investors have something to say. Shareholders think that the future of gem will be better. "You see, when the gem is opened, the securities companies will let us sign on the" risk warning book ", which means that the growth enterprise board has the characteristics of strong growth, new business model, but small scale, and its business performance is not stable enough. In fact, the scale is small, the performance is stable and unstable, and the big ones are not losses, delisting, and performance instability, so the key is growth and innovation. Mr. Zhou explained, "at present, the overall growth of GEM stocks is relatively high and there is a bubble, but it can not be said that the future will not work. Good companies are still operable. If we say now that the GEM stocks will not work, then will the transformation and innovation be done halfway? "

Yesterday afternoon, the growth enterprise board hit a sharp decline, closing at 2484.33 points, but the gem average P / E ratio Continue to maintain a 90 times high position.

about Gem In the future, reporters interviewed Huang Cendong, strategist of Fortune Securities Management Center. He believes that the gem is not an obvious head feature. Huang Cendong suggested that the current growth enterprise market trend and 2007 Medium and small plates Index to make a comparison. In mid 2007, the number of small and medium-sized boards rose from 1400 to 5000, or about 5 times. At present, the gem is almost 5 times from 600 to 2600. "At that time, the small and medium-sized board had been adjusted for a month and a half after" 5 times ", and then continued to rise. Huang Cendong judged, "at present, the performance of the whole gem is relatively good. After the past two years of continuous M & A, there has been an obvious growth in performance. The short term is only affected by the listing of Shanghai Stock Index 50 and CSI 500 stock index futures."

In terms of operation, Huang Cendong suggested that stocks should be chosen around performance and quantity characteristics. For the short term volume fall, and the early increase of the larger stocks reduce the allocation of positions; and for no obvious volume, the stock price has certain elasticity of varieties can continue to track. For new investors in GEM stocks, do not blindly intervene.

Huang Cendong also admitted that the gem has a certain bubble, but has not yet been punctured by external causes. "What are the external causes, such as the failure of transformation, the hard landing of the economy, and the debt problem. From a listed company, after two years of acquisition and expansion, this year and next year's performance will be very good, but the performance of the next three or four years will enter the observation period. In particular, companies in transition are also having difficulties. Some catering companies engage in the Internet, engage in environmental protection, and get black and blue. Some companies invest abroad and finally drag on the first quarter of this year. Huang Cendong said, "some of these external factors still exist, but we should not overextend them in the short term."