Who Has Harmed The Stock Market?

After the listing of new shares, the stock price has gone up to 100 yuan. It has become commonplace. Is the quality company coming late or the investors are happy and old? This column thinks that although the stock market is popular, although it has speculative factors, it will be beneficial to the continuous issuance of the new shares, but it will easily cause the old stock to lose blood, which ultimately leads to the difficulty of forming the value investment environment.

Current

From the casino to the color market gradually, most of the old stocks do not go up and down. All the wonderful stocks are new shares. Investors use their old stock market capitalization as a bargaining chip to buy lottery tickets. Once the 500 or 1000 shares are signed, they are staring at whether the new stock is opened or closed. Whether the volume is not enlarged or not, it is naturally joyful to win the lottery, but if the new shares can be signed for 20 consecutive trading days, it will be even more crazy. The so-called "no hero" in the Great Wall is not true.

As a result, we have to work together to make the share price higher.

So retail investors reached a potential consensus that I would not sell as long as the trading limit was not opened.

If the limit is opened, everyone will play together.

So investors who really want to buy new shares can only wait for the limit to be opened, and the stock price is already above 100 yuan.

The IPO is pushed up to 100 yuan. It may be that the rise and fall of the ups and downs are at work. If there is no bad boy in the lottery, then the stock price of the new stock can rise to any high level. Now, it is only when the stock price of the new shares is overestimated that a bigger selling will be launched, and the trading limit will be opened up.

Disadvantages are bound to be favorable, new stocks are sought after, naturally attracting investors to ignore them.

Direct full purchase of all new shares, so that the price of the new shares has been much more relaxed after that. There is no problem at all, and the price is slightly higher. As long as the new shares can be oversubscribed, even if the speed of issuing new shares by management is faster, there will be no difficulty in issuing the issue.

But is this really good? When the stock market becomes a lottery machine, the main source of investors' profits is no longer a stock price rise or a dividend for a listed company, but a winning bid. What kind of stock market will it become? The future investors will not gain knowledge and experience, nor is it courage or courage, nor is it a value investment concept, but luck.

At that time, there will be a new way of investment analysis, that is, after a summary of experience, to see which period of time the probability of winning is even higher, and even at which point to click to determine better; or, to sum up, it is easier for mobile phone orders to be signed, or notebook computers or desktop computers; or to compare Android system with apple or apple system.

Don't laugh. It will be a few months later.