Category: Money Tips Date: 2006-09-24
"Long bear market, investors tears." Bear market in the past four years, China's total market value of the securities market were brutally cut short, and as the advance of share reform, the emergence of innovative products such as the warrants on the floor again produced a great deal of diversion of funds . In such an extreme "anemia," the market, not only a loss of stock underperformance as no one is interested, even those known as blue-chip stocks were not spared, stock performance is more weird staggering.
Makers alone carry big top
Kim Woo-car dealer how the city would not think he even inadvertently created a record in the history of the China Securities: This month on the 6th, Jinyu Automobile City of transactions there is not a rare situation. In the opening call auction and the subsequent up to 4 hours of continuous auction process, not even reached a deal to become China's stock market opened 14 years ago the first days of zero transaction records.
"Long Zhuang, absolute is a long village." Three-line stock and special guests Tieshou New Army Unit Feng Li Jinyu Automobile City will be filed conceal themselves like the surging of water in their admiration. Early days, were removed from the stock market over the years Lee has new army is a well-known brokerage subsidiary of Trader, Zhanguo hand the stock is not 100 also has 80, well versed in the wonders of them. Based on his experience, over 90% of bookmakers do not Kongpan Jinyu Automobile City and there is no such zero-turnover phenomenon.
Looking Kim K line of cars on the city map, shown above, the Unit from January 2000 to 9 yuan near the start, the highest price once reached 28.69 yuan. Since then its share price fell back to 21 yuan in the vicinity, after ex stable at around 11 yuan. During this period, despite the experience as long as four years of bear market, the Shanghai Composite fell to 1,000 points from 2245 points, but Kim's car on top of the city's share price as if the pine Taishan refused to callback.
Shares of struggling for loans
LI Xin-jun rule of thumb to determine the banker from the November 2001 after never come out before, but in order to maintain high stock prices will continue to issue a bargaining chip to send back once again picking up. As well as positions become increasingly heavy, scattered chips on the market less and less. Final result of Trader oversight, there a zero day of trading turnover.
Jinyu Automobile City circulation number of shareholders is also confirmed from the side view of the New Army of Li, the company's quarterly report of 2005 shows three of its 48.75 million shares outstanding with only 3904 shareholders, on average shareholders holding more than 1 per share. "Such a high number of single shareholder with a known Zhuanggu even in China are rare." He said.
So, why is it not making Jinyu Automobile City in 2000 after the success of speculation it out alive? Reputation for value investing vaunted Dragon Sofitel Wanfang that the dealer may be compelled to act. One possibility is that they put in the hands of the outstanding shares mortgaged to banks for loans, so even if the encounter trend adjustments, then they do nothing, but to maintain the stock price to keep buying. Because, once the secondary market, the market fell, the bookmakers on the bank's collateral values will fall, banks are likely to recover loans, leading to capital strand breaks.
Underperformance blue-chip stocks like these
Have this situation of the listed company is not Jinyu Automobile City 1. Let LI Xin-jun, "respect for joy" Rifkind also the development of Shenzhen. And Jinyu Automobile City, like the development of the average daily trading volume Rifkind only a few hundred hands, at least, when even as little as a dozen hands.
If, as Kim truck center Jinde development of such stock is making Zizhaokuchi, then the performance was adequate for those stocks, such a situation becomes a grievance. Value investing, according to Sofitel vaunted introduction, many investors have already invested on the stock market have loved a dangerous road, such as Guizhou Maotai, Yantian, CIMC, Shanghai airport, OCT of these funds, brokers in the eyes of the "good baby" are also being to the investors away. Most of these shares on turnover of 1% or less, even with a long-term investment abroad, advocating a mature market standards, have also been considered a very light trading has.
Sofitel, said management has eliminated the need to strengthen the market mechanism similar to the truck center Jinyu ST no hope of such deficits on a timely delisting; the same time, we should vigorously promote the super blue-chip stocks Dividend Information in order to improve the high proportion of Zhuanzengguben 2 total amount of the outstanding shares of the market, thereby contributing to high-priced blue chip stocks cross-head active.
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