Category: Money Tips Date: 2007-06-04
What is庄股
Zhuanggu "itself is a market term, there is no uniform definition. Some think that" Zhuang Gu "is the manipulation of stock prices, some people believe this is only part of a joint venture to share a common preference for the large concentration of listed stock Bale.
Chips focused on the market right Zhuanggu judged a common standard. The higher the concentration the outstanding shares of listed companies, some shareholders more prominent influence on stock prices. We found a sharp dive this year, listed companies Xugongkeji, Century Zhongtian, China Resources Jinhua have also experienced among them. Were in possession of the outstanding shares of the top four listed companies, the average holding in excess of 5 million shares, worth one million yuan.
Strong independence movements. Trend of the general performance of the independence of individual stocks do not rise up in the broad market, large Pandie not fall on the individual stocks. Xugongkeji started diving last week as an example, the Unit in 2001, China's stock market's sharp correction, do not drop, rose, like a straight line like a combination of K-line until early June of this year. And substituting Torch A, alloy investment, Xinjiang Tunhe representative "DeLong System" troika to become China's stock market a landscape.
Cumulative increases in the major. Strong performance in the market price is also a recognized feature of the Zhuang Gu. Since 1999, these stocks, the average maximum increase reached about 318 percent, much higher than the market's highest increase over the same period.
Clues
Most listed companies in the stock price soared along with the process of sending a high percentage of share transfer. Stock prices of some of the absolute current is not very high, but after resumption of power after they had already been difficult to hold a candle to the Yiankeji hundred shares. A Torch in 2002, the year 10 were sent to a switch to four, after 0.25 per share, the remaining capital fund is only 0.01 yuan per share, undistributed profits of 0.0001 yuan, used clean.
Zhuanggu a serious shortage of liquidity, and the volume distribution is extremely uneven. The United States and Asia only 14 shares traded last Friday a total of 50 pens in hand. Even more extreme, such as ST, Kinmen and Matsu, the lowest single-day turnover is only 14 hands to 39 hands and the intraday trading volume will be pulled from the green to the limit-price set a record.
The result of diving
Change has its share of the internal factors, its ups and downs of their own by the shareholders a greater impact.
The lower limit initiative shipping method. Lower limit profits at the expense of shipping law practice space for the circulation approaches. In using this shipping method, we should first pulled through to set aside enough profit space, and then pulled up process and the high position of the shocks, so that individual investors hold a small percentage of chips continue to change hands in different investors, final cause new investors to the high cost of ownership. When the time comes, they suddenly take the initiative to continuously lower limit, so that stock quickly time far removed from the individual to obtain a bargaining chip in the high cost of changing hands, resulting in this part of the chip due to heavy losses, rather than continue to sell into lower limit position of almost all alone until the agency's seal. Technically oversold and then select the timing or the needs of the company to clarify the announcement, the organization of large amount of funds have continued to devour a single closed limit-down single. As stocks closed limit-down are all the same institutions to hold capital only from one account to another account of the inverted, organizations can use the funds poured hundreds of millions of tens of millions of turnover, resulting in a large number of new funds rebound illusion Investors tempted to intervene. If investors bought more successful is to help institutions to ship; the very next day to a sharply lower open, so that investors involved in all the hold-up; if investors buy less, then the advantage of the opportunity to continue pulled, and then again and again until the cash the basic task is completed.
Reactive nature of the lower limit. Zhuanggu reactive nature of the lower limit refers to the non-main voluntary, due to the external environment have forced the auto-digest price bubble phenomenon. Lower limit of the fuse caused a lot of that is because the main civil strife, resulting in the collapse of Lock Union brought lower limit, such as the classic example of Section business; the behavior of stock price manipulation by regulators found that stock prices brought about by the punishment collapse, such as the Yiankeji; a company's fundamentals of sudden changes to support the basis for the collapse of stock prices brought about an avalanche, as a result of fraud being investigated in Guangxia; also have follow-up of funds due to lack of hype, but difficult to maintain high stock price caused by the price of return and so on.
