Pi Haizhou: Why Does The Stock Market "Stir Up New Craze"?

"Speculation" has always been a bad habit in the A share market.

Especially in recent years, under the background of the management's inhibition of the first day of the IPO, many new stocks have seen the miracle of continuous trading for several consecutive days after the listing.

The most typical example is Lanshi reload (603169), which has 24 consecutive trading days after listing, creating the highest number of continuous trading.

Along with the accelerated pace of IPO issuance, this phenomenon is still continuing.

Why?

"High fever does not retreat" is undoubtedly determined by many reasons.

First of all, it is related to speculation in A share market and immaturity of investors.

Speculative speculation is a major feature of the A share market, and this speculation also satisfies the desire of investors to get rich quickly.

Since last July, the stock index has entered an upward stage, especially since the end of last November, the stock market has entered a large area of rising state. "Stir up new" seems more rational and vigorous, and the "stir up new" craze has been further strengthened in this environment.

Secondly, the current round of speculation is also closely related to the "restriction order" on the first day of IPO.

To limit the first day of IPO,

At the end of last year, the "restriction order" was issued.

The "restricted order" will control the increase in the first day of IPO to less than 44%, leading to the phenomenon of "second stop" on the first day of IPO. Under such circumstances, few investors are willing to sell, and investors who want to buy can not buy it, which leads to the first day trading of IPO, which also encourages the phenomenon of continuous trading after the IPO.

It can be said that in order to suppress the new stock speculation, the "restricted speculation" was, to some extent, a driving force for "speculation".

Third, the strength of the model of second time shares is further stimulated.

The "new craze" tide.

The obvious fact is that after some new shares have been fired, the stock price has not dropped, and although some have been down for a short time, it has continued to rise.

Such as Lanshi reload after the 24 trading limit, the stock price is 21.67 yuan, and the current stock price positioning is above 26 yuan.

Compared with the hype at the beginning of the listing, the stock price also rose sharply, which further stimulated the market's enthusiasm for new shares.

In the bull market with a deep atmosphere, there is a realistic foundation for the speculation. However, this does not change the essence of its "beating the drum and spreading flowers". The potential risks for the investors involved can not be ignored.

On the one hand, we need to strengthen the supervision of new speculation, further improve the "restriction order", and severely punish the illegal behaviors such as price manipulation and insider trading in the process of "speculation new". On the other hand, we need to further strengthen investor education and enhance the risk awareness of the vast number of investors, especially small and medium-sized investors.

It is not advisable for new shares to hype "get rich overnight", forming a rational and mature investment mentality will be a long process.