It Is Not A Good Thing For The SFC To Intensify Its Efforts To Combat Market Manipulation.

Chinese investors, especially small and medium investors, have lost seven profits and two profits for a long time, which is a fait accompli. Therefore, small and medium investors are always called "harvested leeks". Besides the environment of China's stock market, the author thinks that there are great relations with some bad investment habits of investors. It is these bad investment habits that make themselves become cut leeks. These bad habits are excessive speculation. Excessive speculation is the most lethal way of investment.

In recent years, Sichuan's double horse, Sanjiang shopping, silver pigeon investment, Taurus chemical industry, Langfang development and other stocks are well-known stock market stocks in China's stock market. Under the stimulation of some huge variables, stock prices have soared for a short time, and their market capitalization is more than ten billion yuan. The fundamentals of these companies have not changed. Therefore, "this is a silly game and has nothing to do with value."

Why investors are crazy about these evil stocks? In their eyes, they don't invest at all. value We only talk about making money, because some companies with investment value are not going to go up, so they seize opportunities and find new concepts in the market, they will go crazy. They are outspoken. For example, Sichuan double horse, why can rise four or five times, because its owner has a well-known investment institution IDG background; again, like Sanjiang shopping, Ali's influence is big? As for what you said behind the stock price will fall down, this everyone knows, but it doesn't matter, I earn just fine. This is the original story of a private equity major.

In fact, the concept is the concept, which does not necessarily bring huge profits to the company. The Sanjiang shopping company has repeatedly announced the risk. Its "new retail" business model is still in the stage of putting forward and exploring, and there is greater uncertainty. What is the relationship between Sichuan's two horses and IDG? The result of professional research has not reached a clear conclusion, but one thing is certain. That is, the market value of Sichuan's double horse has exceeded 20 billion yuan, and the existing cement assets are definitely not worth the price. What can we do to support this market value in the future?

Therefore, the rise of stock price is a lack of basic support. The market price fall is an inevitable event. The Alibaba is the leader of the capital market. Wherever it goes, it is all touted, but its investment is not the legendary legend of Ma Liang, but there are many defeats. According to China Securities broker, the Ma Yun Empire invested 8 shares in the listed company, and Su Ning Yun business is the largest among the 8 investments mentioned above, involving 28 billion 233 million yuan, and the subscription price is 15.17 yuan / share. But today, sunning Yun's 11.23/ shares, according to this calculation, the above investment is only 20 billion 899 million yuan, the current loss of about 7 billion 400 million yuan, is also the largest loss. Because investment Suning cloud business's floating loss is too big, therefore has created Ali 8 above. Investment The overall loss is about 3 billion 500 million yuan.

Even if the rise is a game of gambling, lack of fundamental support, stock prices are often overdrawn. In the future earnings, shareholding can not get dividends through the endogenous growth of the company's development, and it is even more impossible to get capital returns through cash dividends. It can only be an investor earning another investor's money. It can only be a spanfer of market wealth instead of wealth generation. In the process, the main funds have fully grasped the initiative, and pulling up the share price is a kind of attracting behavior, which is the main body of profit. The small investors who follow suit can only be passive profits or more are fraudulent by the main funds and become the buyers.

Sanjiang's shopping plunge has begun today, while Sichuan's twin horse shares have fallen from 42 yuan to 32.7 yuan. Private equity gangster is the main body of the market speculation, that is, the main funds of market speculation, they are one of the main factors of stock price rise, and the stock price has lost their reliance on the operation of the main fund, and small investors can not know the main idea of capital operation, nor do they know where the stock price will go. Therefore, in general, it is difficult for medium and small investors with information asymmetry to gain excess profits in the stock price boom, and they will be washed out in the shock of share price.

But if you follow the wrong wind, it will be high. Price of stock The collapse of the fate is waiting, if not timely stop loss, the loss will continue to expand, with sunning cloud business as an example, after Ma Yun's entry into sunning cloud business, the stock price has reached four consecutive trading limit up to 21.69 yuan, but in addition to potential investors in advance, four investors who have been trading at a time limit can not buy it, and once the word limit is opened, investors can buy stocks, and there is no possibility of profit. If the second days do not stop out, the waiting is a continuous slump.

The ugly part of China's stock market is that companies whose investment value is not necessarily rising will not earn money because they may not be enthusiastic about storytelling, but concentrate on the main business, and the market lacks the enthusiasm for speculation. The stock price lacks stimulating factors, so it is difficult for them to attract speculative funds to enter the market for speculation. So they are keen on speculation in stocks and keen to speculate in stocks, hoping to get a share of the frenzied speculation in the main funds, but the result is that most investors have become the main funds of the leeks.

The SFC should intensify its efforts to crack down on market manipulation, because there are large funds running behind every monster stock, some of which are run over time in the middle and long lines, such as the case of tri A, which has been punished. Some of them are hyped up by the capital relay, and the arbitrage is done by pulling up and stopping the board. Some well-known private placement have been investigated and dealt with, so that the market does not have the survival space and soil of the stock market, and provides a good market environment for the value investment. Small investors also lose the chance to follow suit. Secondly, the investors should also develop good investment habits, do not participate in excessive speculation of the hype, and be responsible for the money in their pocket, and let the idle funds self drain. We should change this small and medium-sized investors to make more profits.