Behind The New Shares Crazily Is The System Flaw.

Is it the investor's fool? It seems that no matter whether the company's fundamentals are good or bad, whether or not it is a "crime" listing, no matter how high the valuation is, everyone is catching up with it. Is it speculators? It can be justified. Without considering the value of stock, it will leave in a few days, even in many organizations. But there are two major problems behind Bo and speculation.

Class A Market pricing Trigger two grade market stir fry. Under the efforts of Xiao Gang, chairman of the securities and Futures Commission, the "three high" of the new shares was healed. We see that the latest IPO valuation is basically lower than the existing listed companies, about 20 times the issue price earnings ratio is very few.

But there are many external forces behind this, setting up invisible ceilings for pricing. Even some agencies say that there is "supervision" guidance in the actual pricing. This has led to many investors believe that, since the price of the primary market is not high, from the perspective of A share investors, the probability of speculation in the two level market is enormous.

So, there is a phenomenon: the signed is not willing to sell, turnover rate. volume Abnormal low; no sign of crazy chase high, even if there is still a huge amount of money to pay the queue, so there is still a problem with pricing, regardless of the "three high" soaring, tube bar, and bring a new "N high".

　　 capital It is profit driven, where to go for money, regardless of investment or speculation. This also means that the stir fried new shares are profitable, and even realize the dream of getting rich overnight.

In fact, everyone knows that the new shares are not stable, but the first day breaks are common in the past. But many investors in the two tier A share market are not making much money, but when they are unlocked.

Adding some new speculation and new hunger, new shares were expected to stir up speculation, but also part of the supervision of the exchange as a display. Therefore, how to price new shares may become a difficult problem on the road to registration system.