The New Three Boards Are Characterized By "Empty Space" And No Retail Market, Not The Real Market.

Chinese people have an old saying about buying things. They are called "not afraid of goods, but they are afraid of goods."

Shui ye said the comparison between the gem and the new three boards. Now large and small enterprises are crowded into the new three boards. Hanging cards on the new three boards is like the IPO listing. Actually, compared with the stock of the gem, it is known that there is a difference of one hundred and eight thousand Li.

The new board is postponed and the registration system is suspended.

Why do you see why the share price of representative enterprise storm technology and stormy technology is so high? Why does the market accept the story it tells? I am willing to believe that it is telling stories, and I am willing to be deceived by it. Why do I like to be deceived by him? Why?

It's like a woman falling in love with a man. You know that he is a liar, and you are willing to be cheated. Why? He is so tall. He also says he loves me every day.

The real reason is that the technology of storm is one of the few enterprises with internet gene.

On the gem, it is the retail and retail organizations that chase after the storm technology. Some people can play and play less, and the stock price is not fried.

Looking back at the new three boards, it is obvious that no one is playing.

According to the understanding of water skin policy, the new three boards will bear a future China.

To further explore the role of Pathfinder, and to put it more specifically, the new three boards are now a "class registration" capital market, and the next step is to undertake the role of exploration or pition to a fully registered market.

Why? Because the main board market is already frothy, and the opportunity to advance registration system on the main board is not mature. The consequences are serious, so the new three boards will undertake this role stage by stage.

If the new three boards have to play such an important role, can no one play? No, of course not.

So how can a market be played and what kind of people do you want to play? The problem of diagnosing the new three boards by water skin is called "false sky". If the new three boards want to develop healthfully, we must avoid falling into the trap of "false sky".

What is the concept of "big"? The size of the market is big. Now, the more than 6200 companies will have to sell three hundred or four hundred cards a month.

When I first went to the board of the third board of the new board, I told them that the new three boards had better not ask for quick results. If a company like Microsoft came out, the new three boards would be successful. Otherwise, you would not succeed in making up to 5 companies.

"False" is what concept? False is pricing false, now the price is too false, everyone knows when some time more than 10 thousand, sometimes when the normal price is more than ten dollars, too false too false.

What is the concept of "emptiness"? Emptiness is no mobility. Too many stocks are zombie, so there is a problem. On the one hand, China is the country with the most fluidity, motherboard.

They are all frothy markets. On the other hand, our new three boards are basically zombie.

How to avoid such a "false sky"? What I have repeatedly reminded me is to get through the relationship between new three boards and retail investors.

What is the biggest difference between the motherboard and the new three board zombies?

What are the characteristics of Shanghai and Shenzhen stock markets? What are the sheep and wolves? What are the new three boards?

Now that the capital market has been given too many functions, business pformation, double creation, direct financing, debt to equity swap, and social security fund gap all rely on capital market, all of which are supply side. The supply side of the market is infinitely large. Who depends on the market?

After last year's stock market crash, there are still about 6400 of the market surviving.

Among the retail investors, 64 million of them accounted for 95% of the total funds, accounting for less than 500 thousand of the total market capitalization. They accounted for only 11% of the total market value, but the daily pactions were most active.

So many retail investors have supported the two main boards of Shanghai and Shenzhen, forming a great contrast with the new three boards.

If there are real institutions in the market, will they be foolish enough to come out every day? No.

The Chinese retail investors change hands 6 times a year. The truly active traders are retail investors. The real money they earn is the money of retail investors.

Can money be earned between institutions and institutions? I tell you that half a feather is not earned, and that one is better than one, which is exactly the characteristic of the new three boards.

In Song Xiaobao's words, the emperor can't do anything for me alone. It must not be neglected. It must be rain and dew.

So the new three boards will be no good as long as they are institutional cities.

In fact, many people have misunderstood how ideal the institutional market is. If it is really the institutional market, the market of Shanghai and Shenzhen will be exactly the same as the new three boards.

The essence of the paction is asymmetric information. The money that makes information asymmetry is the most basic foothold of asymmetry. If you destroy this asymmetry, it looks very reasonable on the surface, and actually stifle the vitality of the market.

Retail investors are the essence of market vitality. If the new three boards really need to be active, the path is obvious. Let some retail investors come in and let the sheep in this market get more.