November 3, 2023 is a Friday. In the morning, Qiantong stock almost opened at its limit. Extreme openings are very rare. Since A-shares were launched in 1990, there have probably been a few extreme openings in the past 33 years............. ................................................................. ................................................................. ................................................................. ................................................................. ....................................................
What is a limit opening? It's very simple. The Shenzhen Stock Exchange stipulates that the opening price of any new stock cannot exceed 900% of the issue price. That is to say, the issue price is 10 yuan, and the limit opening price is 90 yuan............. ................................................................. ................................................................. ...........
The issue price of Qiantong stock is 4.56 yuan, and the limit opening price is 41.04 yuan. In the morning, at the beginning of the bidding stage, Qiantong's stock price jumped out to 41.04 yuan. If the market opened at this price, this would be the limit opening. Finally, the real opening price of Qiantong stock was 38 yuan, which was 733.33% higher...................... ................................................................. .............
With such a high opening price, people who won the lottery naturally rushed to sell, causing it to fall rapidly. In just one minute, that is, at 9:31, the stock price had dropped to 27.88 yuan. This was a pair. At this time, the stock price had already dropped. Away from the moving average, Yuansheng took action to buy stocks...................................... ................................................................. .....................Finally, the cost was controlled at 28.30 yuan, ending the battle to expand the territory. .
Zhang Sheng: “Why are the opening prices of new A-share shares so high?”
Yuan Sheng: "In the three major stock markets of country M, more than 30,000 new shares have been listed in the past thirty years, more than 8,000 new shares have been listed in Y, and more than 5,000 A shares have been listed. Therefore, too few new shares have been issued in A shares. As a result, scarcity makes things more expensive, which leads to a very high opening price. The final result is that most new stocks will have a long way to go after they are listed. This is the tragedy of shareholders, who desperately oppose the issuance of more new stocks. As a result, the management complies with public opinion and adopts the issuance of fewer new stocks. For this strategy, the opening price must be extremely high. For example, in a community with 10,000 people, it is reasonable to theoretically supply 1 catty (500 grams) of vegetables per person per day. However, as a result, only 100 catties are supplied per day. What do you think? Will you rob? Will the price of food be high?''
Zhang Sheng: "Yes, country M only has a population of 300 million, and more than 30,000 new stocks have been listed in the past 30 years. However, we have a population of 1.4 billion, and only over 5,000 new stocks have been listed in 30 years. If you compare it, you will know that there are too few listings. Everyone is grabbing it! This is human nature and cannot be changed. Look at Y degree. The total economic volume is only one-fifth of our country. However, in the past 30 years, they have listed more than 7,000 new stocks. Therefore, their The stock market has been bullish for 20 years, but our stock market has always been bullish and bearish. The biggest factor is the constant supply of new stocks, which has caused 220 million shareholders to grab a few new stocks listed every week. It’s no wonder that the stock price is not high! The opening position is high , As a result, they are basically all bear stocks, and the bear market slowly..."
(Written at night, 17K Novel Network can add words at any time)
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