A Share Market "Drastic Change": Traditional Speculation Mode Has Failed Again And Again.

This week, the fake "Xiong an concept stock" of hot money was finally brought to a close by a sharp drop in volume.

The general lesson of blood should not let people wake up: the ecology of the A share market has undergone major changes. The traditional mode of speculation has failed again and again. People must adapt to the market changes as soon as possible.

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First, the stock market ecology has changed.

1, the expansion of the great leap forward is rare in the world.

10 new shares issued and listed on a weekly basis have reached the "ready to issue" level.

Recently, the Shanghai Stock Exchange disclosed: "500 new shares will be issued this year and 300 billion yuan will be raised."

In fact, this is the rhythm of the registration system.

Serious oversupply has been steadily lowering the price level of the two tier stock market, draining stock funds and incremental funds that could have been used to push up the stock market.

2, weaken the ranks of institutional investors.

The use of "non-toxic", "goblin", "tyrant", "barbarian" and other non-standard language to curb the lifting of cards, frighten the institutional investors, so that the market lost its vitality.

3, check illegal funds.

A few days ago, the CBRC issued a document to clean up the external investment, that is, the financial capital. The CIRC also said that it was necessary to strictly investigate the illegal capital market, exacerbating the large number of funds fled this week.

4, we must prohibit cross-border mergers and acquisitions and strictly review asset restructuring.

This is an unheard of common sense rule in the world stock market.

The implication is that traditional stocks can only be "traditional" forever, while cyclical stocks can only be "cyclical" forever.

Is this not an empty talk that the central government has repeatedly advocated for the pformation and upgrading of traditional industries and the way of structural adjustment?

5, return to the "positive list" of administrative examination and approval.

For the local SASAC's reform of state assets and asset restructuring, all cases of innovation will not be blocked according to the new rules of the SFC's reorganization.

6, limiting private capital investment.

It is stipulated that the newly purchased high-quality assets of listed companies shall not exceed 100% of the original assets.

Even if you purchase it with your own funds, you will not allow it.

This is equivalent to preventing the enthusiasm of private capital investing in the stock market.

7, limit the scale of refinancing.

It is stipulated that refinancing should not exceed 20% of the capital stock, which is a major obstacle for major asset reorganization of listed companies.

8, enquiry letters are too frequent and arbitrary.

The exchange made endless inquiries about the asset reorganization of enterprises, tracing the details, tracing the details and forcing the listed companies to disclose the secrets of subsequent reorganization actions, which made many listed companies laugh and cry.

9, interfere with the operation of enterprises with administrative orders.

For example, 10 of the listed companies and 30 of the world's companies are not regulated by the whole world, but they must be severely supervised by Baidu, apple and Tencent.

10, rising or falling.

Stocks rose 20% and issued abnormal volatility announcements, while 20% fell out of sight.

Two, the market continues the old ideas, often failed.

Above

Due to the lack of timely response from most institutions, hot money and small and medium investors, the ecological change has continued the past operational ideas and methods, and has suffered heavy losses this year.

In the early days, when the listed company launched the high delivery and pfer scheme, the market would grab the right to the stock and then fill in the right after the cancellation.

Therefore, the high pfer of high tech small cap stocks is an important means for investors to get huge profits.

However, due to the high pfer rate, the size of the bundles is not reduced.

EAST, for example, recently sent 10 to 30 yuan at 60 yuan, 15.3 yuan from the right to cancel.

But in a month alone, the stock price fell to 9.24 yuan, or 40%, because there was a reduction in size.

If it wins, it also announces 10 to 30, but at the same time, it announces that the chairman, general manager, controlling shareholder, actual controller and shareholders holding more than 5% will reduce their holdings by no more than 4 million shares. The total price will be 852 million, and the share price will fall from 101.7 yuan to 32 yuan or 70.31%, and the company will have to modify the plan.

So nowadays, there are few people who dare to give high hopes.

From the Spring Festival to mid March, the biggest hot spot in the market is

Zhangjia Hong Kong, silver nonferrous metals, data port and Wanlima four leading sheep have sprung up, and share prices have soared.

However, because they were verified by the management of the suspension, the idle capital fled to the local level. In less than a month, the 4 leaders lost more than 40%, equivalent to a small stock crash.

It is a collective mistake in the market to stir up the concept of "Xiong an".

What is particularly distressing is that such a huge drop has been completed within 5 or 6 days. Small investors have bought the "Xiong an concept stock" just like buying a house without asking the environment, asking the price or not looking at the premises. This is really a sad thing.

The concept of the attack on the Xiong an has been a major failure, which has once again sounded the alarm for the market.

Three, find a way out of exogenous growth.

Market again and again

Failure made many people lose their way and felt that profits were becoming more and more difficult.

Some people started to retreat, but some people found new ways of making profits: buying consumer stocks, buying brand stocks, buying liquor stocks represented by Moutai, buying Yunnan Baiyao and Pien Tze Chi as the representative of Chinese medicine stocks.

Indeed, in recent years, more and more people have gathered consensus on this kind of thinking, and have changed their positions in order to make Moutai reach a record high of 420 yuan, with a market value of 527 billion 500 million, becoming the highest liquor share in the world.

So, someone shouted that Moutai's stock price could rise to 600 yuan.

There are also traps here.

Just imagine: the stock of the highest price of a country's stock market is not new economy, new kinetic energy, new format, high tech stock, such as CISCO, Microsoft, apple, WAL-MART, Tesla, Facebook, etc., but liquor stocks, and there are large shareholders all over the country going to "drink and take medicine", which can not be said that China's stock market is sad.

Besides, Moutai's high share price, such a large market value, has a price earnings ratio of 32 times, and only a dividend of 6.7 yuan per share, which is only one year's bank interest rate.

How much more investment value can there be? Do not overlook the risk of excessive growth, high share price and bubble?

State assets reform and asset restructuring may be more dependent.

Because when all market hot spots are extinguished, according to the global stock market and China stock market practices, the most attractive, most popular and most persistent hot spots are mergers and acquisitions and asset restructuring.

It is worth noting that after the CSRC suppressed and established new regulations in the past few months, the attitude of the SFC chairman to the stock exchange has changed significantly recently, and stressed that "the main board should support the merger and reorganization, the reform of state assets, optimize the allocation of resources, and make the listed companies stronger and stronger".

Therefore, this hot spot is especially worth looking forward to, perhaps an opportunity to turn the market around.

For more information, please pay attention to the world clothing shoes and hats and Internet cafes.