February 19, 2023 was Sunday. Yuan Sheng and Zhang Sheng’s families went to Pengshi Music Park to play.
The music park has many musical elements, such as models of large pianos, cellos, guitars and other musical instruments... There are musical fountains and tent bases... 2 The little guy had a great time playing under the leadership of his mother. Yuan Sheng and Zhang Sheng began their discussion of stocks again. After all, they are professional speculators and know that the competition in the stock market is very fierce. They need continuous learning, evolution, and improvement in order to continue to make money in the stock market.
Zhang Sheng: After the main board registration system, have there been more opportunities for new shares? Or has it become less?
Yuan Sheng: Of course it has increased.
Zhang Sheng: Why?
Yuan Sheng: The previous system of 44% for new stocks on the first day made it impossible for ordinary investors to buy low-priced chips at low prices. Basically, the channel party pushed the new stocks to the extreme position before opening the daily limit. , let ordinary investors buy it. Such a high stock price has caused 95% of new stocks to hit their daily limit, resulting in a steady decline in bear stocks...
Zhang Sheng: Can this situation be changed after the registration system?
Yuan Sheng: Some new stocks can change this situation.
Zhang Sheng: What kind of new stocks can change this situation?
Yuan Sheng: There are traces of everything, but 95% of people don’t understand it. For example, in the 44% new stock system, the main force also selects a very small number of new stocks as models and speculates them vigorously. What if you could decipher why these stocks can become bull stocks? Then, when it comes to listing on the main board registration system, we can also find out the main direction of the main attack in time and buy big bull stocks at low prices in time.
Now, let us review the big new stocks in history and see why the main force chose it?
Let us first take a look at the first big bull stock: Three Gorges Energy (600905). The circulating price on the first day of listing was 6.949 billion yuan. On the third day of listing, the price opened the daily limit was 4.62 yuan, and the lowest fell to 4.23 yuan. On this day, its price The transaction value was 16.41 billion yuan.
At this time, Zhang Sheng asked curiously: What is the significance of the transaction amount of 164.1 yuan?
Yuan Sheng: This is of great significance! This is the second largest trading volume on the first day of listing of a new stock, or on the first day of opening the daily limit after the introduction of A-shares in 1990!
Zhang Sheng: Who had the largest trading volume on the first day of listing? Has the hype been successful?
Yuansheng, so far, the largest A-share transaction amount on the first day of listing, or the first day of opening the daily limit, was PetroChina (601857). Its transaction volume on the first day of listing was 69.99 billion yuan. This is the best of A-shares! Although with such a large volume, it is also a big vaginal stick! It opened at 48.60 yuan that day, had a maximum of 48.62 yuan, a maximum of 41.70 yuan, and closed at 43.96 yuan. Such a big yin stick K-line shows that the first sky is dominant, and many parties have invested 69.99 billion yuan to buy it, but they are still at a disadvantage, so it is a big yin stick!
Zhang Sheng: Why are the bulls still in a weak position despite investing 69.99 billion yuan in buying? Or a big penis?
Yuan Sheng: Looking at the three years of the Korean War, the Volunteer Army fired a total of 240,000 rounds of platoon *artillery* shells, about 960,000 rounds of grenades, and 4,903 rounds of 92 cannon shells, which were only a fraction of their opponents.
The US military, in the Battle of Shangganling alone, dropped 1.97 million artillery shells of various calibers above 81 mm.
The U.S. military had so many artillery shells, but the U.S. military lost the Korean War: because the Chinese and American troops started fighting in North Korea close to China. However, by the end of the war, the U.S. military could only retreat south of the 38th parallel, and the volunteers recovered North Korea lost ground, so the winner was the volunteers.
In the same way, many parties invested 69.99 billion yuan to buy PetroChina on the first day. However, its opening price was too high. Such an opening price has overdrafted the stock price for N years. Therefore, it can only continue to fall, becoming a big bear stock!
I remember that on the day of listing, Yuansheng wrote an article "15 Minutes Battle" on Sina. The conclusion was that after the opening 15 minutes of the battle, many parties had already lost. The article was recommended to the front page of Sina, with a click-through rate of 290,000.
Why did the China Petroleum IPO speculation fail? First, when it was listed, the Shanghai Composite Index was 5,785 points, not far from the highest point of 6,124 points, which caused it to open extremely high. Second, its opening price is too high, resulting in it having no room to rise and can only fall. Third, on the eve of the listing, it was at the tail end of the largest bull market for China's A-shares. Public opinion believed that the market would rise to 10,000 points. Therefore, Chinese investors were talking about PetroChina. Yuansheng's friends from other provinces said that PetroChina was the most profitable company in Asia at that time, and he planned to take PetroChina for the long term and leave it to future generations... Yuansheng told him that large-cap stocks cannot be long-term. Only small-cap high-growth stocks have long-term value...
The fourth reason for the failure of China Petroleum's listing speculation is that it will die if it is hot! It can be said that since the emergence of A-shares, the popularity of PetroChina on the eve of its listing is unprecedented in China and has no successor! This hot spot is equivalent to China’s real estate in 2017. Even farmers in remote mountainous areas know: investing in real estate has been the best investment in the past few decades, better than any business. It can be said that 2017 is the hottest year for real estate in China. Almost everyone believes that real estate is the best investment, bar none......
Now, we have seen the results: PetroChina was the hottest new stock on the eve of the listing of China's A-shares, and it was also one of the worst new stocks in China's A-shares. It slowly fell from 48.62 yuan to 4.04 yuan before it really bottomed out. It is currently 5.15 yuan. . Investors who like to take long-term interests can really only leave it to future generations, otherwise, it will be difficult to solve the problem in this life.
We can assume that PetroChina opened at 18-28 yuan on the first day of its listing. Then, given how hot the market was at that time and how popular it was, it could at least be hyped up and become a temporary bull stock... It's a pity that the stock market has no assumptions! Therefore, the history of the stock market tells us: any new stock that is opened too high will only fall!
Don’t be afraid of comparing goods. Only through comparison can you know whose stock price is higher? Whose stock price is lower? Three Gorges Energy, the world's largest stock in this segment, started at 4.23 yuan, while PetroChina, Asia's No. 1 (profit making) company, opened at 48.60 yuan. Who is higher and who is lower? All first-grade elementary school students know the answer!
Therefore, on the first day of the opening of Three Gorges Energy, the main bulls spent 16.41 billion yuan, which constituted a big long retreat. Great retreat, everyone loves it! When a big pullback occurs at a low level, and combined with other favorable conditions, it is most likely that big bull stocks will appear.
On the second day after opening the daily limit, China Three Gorges Energy rose 7.14%, which is a big positive! Who doesn't like a big penis?
On the third day, Three Gorges Energy rose 10%, another big positive sign.
On the fourth day, Three Gorges Energy rose by 10%, still a great sun!
Smart investors all like big yang sticks and stay away from big yin sticks! Because the stock market has inertia!
Numbers 5 to 7 are the opening of the daily limit. If the daily limit is not opened throughout the day, it is impossible to buy.
On the 8th day, the daily limit opened. At this time, the stock price had increased from 4.23 yuan to 8.79 yuan, more than doubling in 8 days! It has doubled, has not been fully washed, and there are 6.949 billion new shares in the super circulation market. When the daily limit is not sealed on the 8th day, even a stupid person knows that it is time to clear and sell! Yuansheng's last bargaining chip at that time was 8.79 yuan to see if it could be sealed, so he sold it on clearance. Of course, Yuan Sheng is not a god, and he does not dare to buy a full position when the price is above 4.23 yuan.
Why did the main force choose Three Gorges Energy to fight? Yuansheng thought about it for 3 months before finding out the two major reasons why the main players were hyping it.
These two reasons serve as two pits (people who write novels all like to dig pits.) If there are pits, they must be buried. The first pit will be buried in about 6-12 months! ..........The more time passes, the more you can see who the real fans are! Such a useful answer for a true fan!
Tomorrow is Monday. Is the stock market going up or down? Let’s look at the breakdown next time.
