“Bull stock” reproduces “risk mutation”
In the past few days, multiple stocks have collectively staged a “roller coaster” market.
On April 12, Chengmai Technology (300598.
SZ), Panlong Pharmaceutical (002864).
SZ), Bichuang Technology (300667).
Shenzhen), Wanxing Technology (300624).
SZ) and other stocks have plummeted. Prior to this, these stocks were strong stocks that rose for many days.
On April 13, these “dark stocks” fell again and risks continued to be released.
Among them, Chengmai Technology once again fell down, Bichuang Technology, Lanxiao Technology (300487.
SZ) and other stocks relayed the daily limit. Wanxing Technology and Panlong Pharmaceutical also continued to decline.
The rapid turn of the market in a short period of time has also caused the market risk to spread sharply, while hot money has withdrawn from the stocks that have changed.
”The stock market is short-lived and cannot last.
Previously this part of the stock was sought after because the new shares overlapped some conceptual hype, but in fact their bubbles were very large, but the overall market sentiment was still cautious. Therefore, the initial growth market did not continue, but gradually weakened.
“On April 13, a private equity fund manager in Shanghai pointed out.
Pioneering company “panic” According to the 21st Century Business Herald reporter, before the big drop, these “ecstatic stocks” all had strong upward and downward movements in succession, and most of them had 13 upward stops of Wanxing Technology., Panlong Pharmaceutical’s 10 daily limit; a few also have intelligent self-control (002877).
SZ) 4 daily limit, 6 daily limit of Bichuang Technology.
And because of the sharp increase for many consecutive days, these companies have basically carried out suspension checks, and some stocks have even been suspended more than once.
Maybe Rulong Pharmaceutical carried out the first suspension check on March 29, and then resumed trading on April 2. However, after the resumption of trading, the market continued to rise. Therefore, on April 10, Panlong Pharmaceutical continued to suspend the verification.
However, after the resumption of trading on April 12, Panlong Pharmaceutical also gave up to escape the tide of collective plunge and closed down 6 that day.
On the same day, Bichuang Technology also announced the self-inspection and resumed trading.
The same exception was spared, and Bichuang Technology closed down 5 that day.
”First and foremost is market behavior. Stocks have not been rising or falling, which is a normal change.
When we resumed trading, we issued a verification announcement, which also showed that the company did not affect any actions reached.
In fact, the recent declines are also relatively common, and investors are still expected to pay attention to investment risks and invest cautiously.
“On April 13, a person from the securities department of Bichuang Technology told the 21st Century Business Herald reporter.
Chengmai Technology, which has a daily limit on both days, is one of the most serious cases.
From March 21st to April 10th, Chengmai Technology experienced 8 upward stops, but shortly 武汉夜网论坛 after the negative news continued, major shareholders threw out plans to reduce their holdings and pre-emptive losses for the first quarter. All kinds of risks were superimposed.Mai Technology lost.
A staff member of Chengmai Technology’s securities department said, “We have already done internal verification to overcome the change. We have not yet reached the standard after this decline. If we meet the standard, we will also conduct relevant verification and disclosure.
“” Daemon stocks Chengmai Technology announced tonight’s first quarter performance forecast, from profit to 5.5 million to 7 million. This stock has recently reached multiple daily limit due to the new board and chip concept.
There is no logic in this kind of stock, which is gambling. Don’t carry it or make up positions if you are quilted.
“There are comments from institutional sources.
In fact, many institutions said in their communications with 21st Century Business Herald reporters that the fall of the “dark stocks” is inevitable.
”The performance of the GEM in the previous stage is really good, and everyone’s speculation is relatively strong.
Now it is impossible to push the entire market with the market of the GEM alone, but it is only said that the atmosphere is not good now, and the institutions use a small amount of funds to make the GEM, which is more entertaining.
“On April 13, a strategic analyst at a medium-sized brokerage firm in Beijing told the 21st Century Business Herald reporter.
The long-term private equity fund manager also pointed out, “The short-term market continuity of individual stocks is too poor. Now the market is still value investing and is still optimistic about large-cap blue chips.
“Of course, through the bursting of the bubble, this model of hype has also come to an end.”Dark stocks have become substitutes on the list. Due to the concentration of risks, many institutions have recently listed multiple replacement lists for risky stocks.
A list obtained by a reporter from 21st Century Business Herald indicated that the agency would be the Great Southeast (002263.
SZ), HIT High Tech (600701.
SH), Beautiful Ecology (000010.
Shenzhen), Qin Shang shares (002638.
SZ) and other nearly 60 stocks are banned from the list.
Carding found that there are many stocks that have already “exploded” in the previous period, such as ST Bao Qianli (600074).
SH), ST ICT (600289.
SH), Qin Shang shares, etc.
Of course, before the thunderstorm, these stocks were also “dark stocks.”
For example, ST Bao Qianli, in 2016, Bao Qian Li surpassed the VR outlet, launched its “Bao Qianli to make VR mobile phone”, triggered a round of growth in the secondary market, and also won the favor of many institutions.
However, on December 27, 2016, Baoqianli received the “Notice of Investigation” from the CSRC, stating that the company was investigated for suspected information disclosure violations.
Subsequently, Bao Qianli suffered a decline, the crisis also intensified, and many other events such as bond defaults occurred.
The glory of the past soon became a feather, and Bao Qianli was also “broken into the cold palace” by the institution.
The 2017 performance report showed that Baoqianli’s net profit increased sharply by 77.
2.4 billion, but in 2016, net profit was still 700 million.
In addition, since the acquisition of Hanbo Technology has achieved 19 consecutive daily limit of the National University of Technology and Hi-Tech, recently there have been risky events such as letter violations, “internal conflict”, and overdue.
At the time of glory, the University of Science and Technology was also favored, with a net purchase of 2 a day.
USD 9.3 billion, with three institutional seats in the top five, one of which bought a large sum of 1.
3.5 billion yuan.
At the same time, individual stocks that may have abnormal financial conditions are also used as an indicator to be replaced by the organization’s list.
According to 21st Century Business Herald reporters, there are institutions that will hold China Plastic Holdings (000509).
SZ), Beiwei Technology (002148).
Shenzhen), Haihong Holdings (000503.
SZ) and other stock consolidation budget list, the financial status is preliminary.
Maybe as recently * ST Zhengyuan (600321.
(SH) Announcement pointed out previous accounting errors, and converted 2016 net profit from profit of 4.15 million to 9.26 million.
Following the resumption of trading on April 12, * ST Zhengyuan stopped daily for two consecutive days.
On April 13, Feile Audio (600651.
(SH) Also because of the financial situation “exploded.”
Feilo Audio announced on the same day that after self-inspection, it is estimated that the proportion of net profit in 2017 to the same period of the previous year will decline by more than 80%.
On the same day, Feilo Audio resumed trading at the same time, but the daily limit fell in advance to close at 7.
The “stunning stocks” flameout mechanism is calm. “After the stocks go out, there is a stable trend. Value investment and long-term investment will not be out of date. What we are pursuing now is to use the logic of the primary market as the secondary market.
“A retired private equity manager said.
From the perspective of market performance, these two hot funds have retreated from the “dark stocks”, and the hype has clearly cooled.
Perhaps Ruichuang Technology sold net sales of 36.31 million and 21.12 million yuan on April 12 and April 13, respectively, of which CITIC Securities Shanghai Branch sold 39.79 million yuan on April 12; Everbright on April 13Shenzhen Jintian Road Sales Department sold 24.41 million yuan.
On April 12, Panlong Pharmaceutical encountered 1.
Obvious net sales of US $ 0.1 billion, of which the first five seats were sold by the Shenzhen Sales Department, including Zhongtai Securities Shenzhen Happy Coast Sales Department, CITIC Securities Shenzhen Headquarters, Huatai Securities Shenzhen Yitian Road Rongchao Business Center Sales Department, etc.
The previous private equity fund manager stated, “We do not deny the growth of the GEM in the early stage. Although the GEM performed better than the main board, the lack of stamina on the GEM has to return to the main board.”” “March saw a wave of market declines in the GEM, a wave of pharmaceutical stocks, and a wave of innovative companies, but in essence they could not lead to stable market growth.
“Analyst analysis” “Compared to last year, the motherboard has four or five rotations of power to drive, the main line is clear, so the whole market is sustainable, but the current market conditions can not give such a drive.
“In the opinion of the analyst,” The market hotspots have been changing rapidly in the near future, but there is no main line.
In this case, pick some stocks that were mistakenly killed in the early stage, and the stocks with better performance.
If you want to do speculation, it is actually very difficult, because the continuity of the attractions is also low, what can’t be scheduled to chase, and excessive chase is meaningless.
“However, from the perspective of some institutions, the market turnaround is also brewing.
Wei Fengchun, chief macro strategy analyst of Boshi Fund, pointed out that in the first half of the second quarter of A-shares, relative to economic growth, the game of import and export and monetary policy will relatively weaken, and trade frictions will still be the trigger of internal financial markets.event.
The expected deterioration of the incident, and even when the financial market reacts once, a turnaround may subsequently occur. As a result, market changes will be significantly intensified, and there will continue to be opportunities for digging and filling pits.
”From a structural point of view, the previous market considered the value, the financial sector is expected to reach a critical value, the cycle has no long-term logic, and the growth quarter’s first quarter performance issues, so there is nowhere to start, but it currently takes 4 months to look at the growth of the ChiNextIn addition to verifying performance, problems in the other two major sections have been alleviated.
“A Beijing-based public fund manager said.
Source: 21st Century Business Herald Original title: “Bull stock” reproduces “risk mutation”