Investors Are Still Happy To Buy New Shares And Make More Profits.

Since the beginning of this year, 160 new shares have been listed, and a total of 25 new shares have gained more than 50 thousand yuan in one sign, and more than 70 thousand yuan in 12 new shares.

Not only is the new stock rising, but also hyped up with the new stock market, which has doubled since the opening of the new shares, and the number of new shares as a high pfer to the stock market has not been known how many times it has increased. The new shares have become a highlight of the recent market. There are dozens of stock exchanges every day. The turnover rate is often as high as 20-50%, and a large number of funds are immersed in them, but the price earnings ratio of the new shares is much higher than that of the same industry level. Taking the bank as an example, the price earnings ratio of the general city commercial banks is 6 times higher than that of the same industry. However, the price earnings ratio of the Jiangyin Bank of the new shares is as high as 35.69 times. The huge money making effect of the new shares makes the market hard to find, and the winning rate is generally only a few thousandths.

The reason why the new stock market has been challenged by the market is that the Chinese stock market has always had a tradition of speculation, and the activity of the new stock market has always been high. Small and medium-sized investors like to follow the trend of speculation, which is suitable for large capital to enter and outflow. Therefore, as long as there is large capital in which to stir up fires, use their own capital advantage, pull up the stock price, create a rising trend, and guide the stock price to run towards their own wishes, there will be a continuous stream of funds. There are always many investors who think they are not the last ones. Therefore, large funds can always make profits. Therefore, many active funds and even public funds are willing to rush for gold in the market, and the SFC's efforts to combat market manipulation are hard to keep up with the needs of the market.

On the one hand, there are too many changes in market share prices, and most of the turnover of the new shares are frequent. There are many difficulties in the law, and there are difficulties in the supervision of the public. Of course, there are some problems in the way that the regulatory power can not keep up. Of course, there are also problems in the way of market manipulation. The second is that the market operators are more concealed, making use of a lot of related accounts to cover the paction, making the management difficult to find under the existing technological conditions. Three, the law enforcement officers still have a weak sense of active enforcement, and lack of follow-up checks on the stock price movements. Four is the second time.

Hype shows more tolerance to prevent new shares from going out, because the pressure on China's IPO is huge. It is urgent to strengthen the rhythm of IPO to defuse the IPO barrier lake and allow the capital market to make more contributions to the real economy. Therefore, although the market has many doubts about the manipulation of large capital manipulation, it is rare for companies to enter the verification process.

I think some investors ignore the fundamentals of stocks and are keen on new stocks. In particular, some small and medium-sized investors are blindly following the trend due to their lack of professional knowledge and investment experience. They have to catch up with high buying and suffer heavy losses. The first day they participate in the general loss of the new accounts, especially the initial involvement in the new account losses are more serious.

According to statistics, in 2011 and 2012, the accounts for the first day of IPO were up to 65% at the end of 2012 and 56% respectively, with an average loss rate of 10%.

In recent years, the biggest loss of New Zealand accounts for 14 million yuan, and the largest loss rate of a single account is 58%.

Investors are still enjoying the new stock market, but investors still enjoy it. It is a bit unclear, but the author thinks that it is not related to the excessive publicity from some media, but these media advocates are themselves private equity giants or big money investors, and the stakes are self-evident.

The side effects of new shares should not be underestimated and market oriented.

發出強勁的暗示，市場對新股需求旺盛，而且不是一般的旺盛，而是十分的旺盛，投資者對新股總是抱著歡迎態度，不管什么新股，只要是新股一律歡迎，而且承接力很強，不管多少新股都可以承接，都可以得到炒作，在中國最不缺少的就是新股資源，截至目前，依然有近700家公司等待上市，市場很多人士呼吁證監會加大新股發行來抑制新股炒作，但證監會迫于市場走勢和輿論壓力一直小心謹慎的把持著新股節奏，但是依然默無聲息的加大了新股供應，首先是每兩周一批的核準批文改為每周一批，緊接著就是把每周新股數量從5家左右提高到6、7家，現在是每周九家，這意味著新股發行速度已經幾近翻倍，如果后市新股炒作不改的話，可能會進一步加大新股發行。

This is not a good sign, a good start.

In the short term, the market totally ignores the new shares and increases the supply, and the trend is stronger. But every bull market in China is ending with the expansion of new shares. The impact of the 6124 super bull market is related to the high price issue of PetroChina, and the 15 year bull market and the batch issue of the two batch of new shares are also difficult to give up. The current trend is good, but the new stock issue has been raised to a certain scale and the market will continue to be stretched for a certain length of time, and the market funds will become tense. The contradiction between the new capital and the new market value will gradually show up, investors' sentiment will be hurt, the trend will be reversed, the stock index will fall, investors, especially the small and medium investors, lack effective hedging means, the market value of the stocks will shrink, and the stock market will shrink, and the wealth will be lost. Who can you complain about?