Capital Runaway Gem Valuation Bubble Has Broken?

For yesterday's gem and motherboard completely fragmented trend, some analysts believe that this is reasonable.

A broker believes that after a previous round of inflation, many GEM stocks doubled, or even doubled, some of the high priced stocks have begun selling by institutions.

In fact, as early as a few days ago this week, there have been many foreseeing funds running away from the gem, and as the market style pformation becomes more and more obvious, in the early stage of increasing stocks, it is difficult to get excess returns. Many blue chips which have been adjusted to the designated position and lower share price have received the attention of the fund again. "All funds are profitable. When many stock prices have already had a serious bubble, the funds will inevitably seek new targets when the subsequent rising potential is not great, so the decline of the growth enterprise market will be logical."

Entering the 2015, the gem has been on the heliport elevator. It has surged from the lowest 1429 points to 3618 points in less than half a year, and the cumulative increase has exceeded 150%. After the adjustment of this month, the trend of its sharp rise has also led many "fear high" people to think that it has "accelerated rush to catch up". Then, with the fall of yesterday's growth board, does it mean the end of its rally and where will the growth stocks go? For this reason, the analysts generally expressed a more optimistic view.

Some analysts say that the decline of the gem yesterday is due to the superposition of fundamentals and news. On the one hand, the average price earnings ratio of the gem is nearly 120 times that of the Japanese Nikkei index, the US NASDAQ index and the 2007 Shanghai Composite Index crash.

However, a small number of agencies have begun to control positions and even reduce their positions.

This week, the Qianhai open source fund made a strict control of its fund investment.

And the proportion of gem stock.

This is the first public offering fund in the industry to have a mandatory binding investment decision Committee directive, strictly control the risk of small and medium board and GEM stocks, and this also has a certain impact on the GEM stocks that are already high valuations.

However, the ups and downs in the stock market are normal. In the short term, although the gem has the pressure of adjustment, after the bubble is squeezed out, it really meets the new economic development direction.

Will continue to show.

There are private individuals who believe that the gem will be in the process of shock adjustment in the near future, but will continue to rise after the adjustment is adequate. "With the development of the new economy, a large number of GEM companies will enjoy the fruits of economic pformation, and their performance will also increase significantly, and the overvalued value will be digested."

After the short term adjustment, which sectors will be able to stand out? For this reason, Everbright Securities analyst said that biological medicine, "Internet +" and high-end equipment manufacturing are worthy of attention. There will be dozens of bull stocks. But the analysts also remind investors that when they are concerned about GEM stocks, they still need to combine their basic factors.