At The Same Time, Both Sides At Home And Abroad Attacked The Stock Market Simultaneously.

< p > high bubble a href= "http://sjfzxm.com/news/index_cj.as" > gem < /a > has recently been trampled on, all kinds of capital competing to escape, echoing with it, overseas empty forces seize the opportunity to rob the stock.

The gem index rose all the way in recent years and began to drop sharply in October this year.

In October 10th, the gem index plunged at a high of 1423.96, and began to decline continuously. As of October 31st, it fell by 10.58% in 18 trading days.

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< p > a private person in Shenzhen told our reporter that the intrinsic logic of the gem is actually a problem of bubbles, and lack of performance support. Most of them are subject matter larger than actual performance.

The private equity investment institutions include A shares, Hong Kong stocks, < a href= "http://sjfzxm.com/news/index_s.asp" > stock market < /a > and so on.

In his view, the investment strategy is similar, "the stocks are as good as bad, the financial fraud is a lot, have got Sharitau Kim."

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< p > < strong > gem risk < /strong > < /p >

< p > "from the recent market crash, the most important is the reduction of some industrial capital and financial capital, mainly in the early stage of conceptual speculation, and now is the period of profit."

A private person in Shanghai analyzed the newspaper reporters and could see those private placement and public offering with better performance. They were playing some small and medium capitalization stocks.

These small stock markets are small, good operation, convenient access to capital.

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< p > Huatai Securities (8.85, 0.14, 1.61%), an analyst who asked not to be named, told our reporter that the performance of the gem was bad, the valuation was so high and the funds were pferred to small blue chips.

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< p > according to the data of iFinD flush (24.020, 0.04, 0.17%), as of November 2013, the total market capitalization of gem was 1 trillion and 370 billion yuan, with an average price earnings ratio of 50 times.

The corresponding performance is miserable. The 355 quarterly earnings of the three stocks of gem are only 18 billion 795 million yuan.

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< p > "too much time ago, the callback point is normal."

Zhong Zhifeng, director of investment, said in an interview with our reporter that growth is determined by the expectations of the market. If the company's performance can really grow so fast, the bubble will naturally disappear, otherwise it will blow up the balloons.

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< p > gem bubble is so high, whether it still has investment value? Yang Ling, chief strategist of star stone investment, said in an interview with our reporter that in the short term, the gem is facing greater adjustment risks.

At present, gem investment can be properly concerned with medicine, energy saving, environmental protection and other sectors, mainly due to the rapid development of China's aging population, and the strong support of the demand for the pharmaceutical sector. The relative valuation of TMT is relatively low.

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< p > in addition, our reporter learned that many well-known institutions have reduced their cash holdings and even cleared their positions.

An interesting detail is that in October 29th, a private institution in Shanghai worked late until late.

In addition to institutions, gem shareholders also have the impulse to reduce.

According to iFinD flush data, in October alone, the market capitalization of executives and individuals of gem was as high as 1 billion 100 million yuan.

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< p > "before the gem, the performance is not very good, but M & A is very hot, and it rises crazily by the concept theme.

During this period, many industrial capital fled through bulk trading, and had been shipped ahead of schedule.

The above Shanghai private person told our reporter that some listed companies of gem will take the initiative to find some public offering and private equity agencies to push up the stock price. "For example, if we have a merger and acquisition theme, who will withdraw first and who will withdraw after the price is high, these will say well."

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< p > < strong > empty head echoes at home and abroad < /strong > /p >

< p > this newspaper reporter found that the gem index and I share index in the US share the 30 index in a similar trend in the past year.

I's 30 index rose from 584.73 in December last year to 1260.72 in mid October this year.

The gem index also rose all the way in nearly a year and began to drop continuously in mid October.

Is this coincidence? What is more coincidental is that in recent times, China's stock market and gem have been attacked by empty forces.

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"P > the quiet two years of muddy water again come back again, this time is aimed at China's old Internet enterprise network Qin.

Beijing time on the morning of October 24th, muddy water in the official website released a 81 page survey report to netqin, only an hour, netqin's market value was cut short, the stock price fell more than 50%.

According to our reporter's preliminary statistics, in addition to netqin, muddy water has been killed in the Dongfang paper, green Nuo technology, China high-speed channel, multi-channel water, Jia Han forestry, communications, Focus Media [micro-blog] and many other stocks were also implicated, the stock price fell collectively.

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< p > "the stock market has gone up too much in the past few days, and now it is a callback."

Guoxin Securities (Hongkong) Internet industry analyst Qiu Lin looked at the crash this time, muddy water shorted netqin, and Sohu's poor performance is also the fuse, dragging down the whole stock.

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< p > "short selling agencies are common in the US stock market for a long time."

Hao Junbo, China's first US stock claims lawyer, told an interview with our reporter that muddy water made a profit by selling stocks in the air.

The investigation report is full and accurate, which indicates that the muddy water is still under rigorous investigation.

Once a short sale fails, reputation is easily destroyed.

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< p > muddy water is famous for the investigation report on the financial fraud in the stock market. It is known that the founder of Carson Block is a Chinese expert from the name of Chinese idioms.

"The founder of muddy water has worked in China for ten years and is better at understanding Chinese companies, Chinese psychology, market research and so on.

An investor familiar with the short selling organization told our reporter that before the time of muddy water was short, the company could not buy back shares.

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< p > compared with gem's high a href= "http://sjfzxm.com/pioneer/" > P / E ratio < /a >, some stocks are underestimated.

The chairman of the China Stock Exchange recently interviewed by this reporter lamented that the company was seriously undervalued and the value of the company would still be reflected in the long run.

Nevertheless, there are still a number of excellent high growth quality companies going to the US market.

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