Category: Money Tips Date: 2007-05-31
Marx's "Das Kapital" had a vivid incisively pointed out: the capital came to this world, dirty blood dripping from head to toe. He also pointed out vividly: In order to reap huge profits, capital dare to flout the law, dare to take risks and dare to defy world opinion. In the securities market, the use of capital, the phenomenon of manipulating stock prices also frequently appear. They are the primary means of manipulating stock prices are 10 kinds.
1, rack their brains and produce a theme
Right to manipulate the market are concerned, the so-called pre-designed themes is that they induce small investors to follow suit taken in a scam and a trap pre-dug well, is a gorgeous poppy flower. In fact, unknown on the inside of the medium and small investors who often fall into the manipulation succumbed and become their victims.
In 1999, the "5.19" Quotes, driven by the sharp rise in Internet stocks, the U.S. NASDAQ stimulation of certain domestic makers in a number of large positions in Internet stocks. In 2000, China's stock market pick up signs, those in the "5.19" big Internet stocks have been stuck in the making, and other lock-makers have begun to urgently start the network economy and new economy, the magic, and give their speculation that stocks have put on the network beautiful coat, a number of stocks advertised itself into the network, involved in the new economy, while significantly prop up share prices, and some have also taken the concept of nanotechnology, Optics Valley of the concept of drive up stock prices. However, so far, these so-called concepts, subject matter can be finally realized there are a few? Truly bring benefits for listed companies, the creation of shareholder returns, there are a few do?
2, listed companies, Qing Li tie
For saying: flies do not stare did not sew the eggs. It can be said that if no relevant work closely with listed companies, there is no listed company of the ulterior motives of some executives, market manipulation in the secondary market will be unable to move, nothing. For their own gain, some listed companies and market manipulation are a perfect match, to return packaging profits, when you want to create bad Xi Pan, we must out when cooked theme, is the company's future viability can not be optimistic spared no effort and use of a high proportion of Major Holders equity capital fund donation or, worse, some listed companies have also come up with issuing new shares, or allotment of funds from bank loans to the dealer who commissioned the financial management, while the dealer who is the bubbling stock listed companies, listed companies and therefore to manipulate the market who have entered into a woe is inseparable from the fate of communities and interests of the Community, which is part of the listed companies before making saddle horses, the invigorating of the root causes.
3, insider trading, black-box operation
The so-called insider trading is the insider source of insider information to earn illegal profits in the secondary market behavior. The reason why the popularity of market manipulation by manipulating stock prices, it is important means is through insider trading and black box operations to achieve. Let us set aside some of their underwriting brokerage bubbling allotment of new shares, and do not say, just to place control over the first shift of the recombinant major shareholders to the company unveiled an example of market manipulation by the use of insider trading, black-box operation of manipulation of stock prices, market manipulation The tip of the iceberg.
In general, the recombinant company insiders, including the following aspects: First, senior management of the acquired party; Second, senior management of the acquirer; third, the financial adviser; four so-called secondary market bubbling side, that is The so-called dealer.
In general, the acquirer and secondary markets, speculators were joined together. If the secondary market for profit, the so-called shell resource acquirer acquisition of the company's enthusiasm will be greatly reduced. Buy side and the secondary market speculators combined constitute a full-fledged insider trading. We Yiankeji (0008) as an example.
Yiankeji formerly known as deep-Hanny, from the K-line diagram can be seen making its move on Yiankeji time for late October 1998 to complete Jiancang time for January 1999. In the November 29, 1998 to January 14, 1999 of the 55 trading days, the Yiankeji the cumulative volume of up to 8191 shares, turnover as high as 232.12%. On this basis, the main dealer at the end of bit positions of the cost of 10 yuan. May 1999, the first largest shareholder of Guangdong easy to master Yiankeji Development Holdings Limited. This shows that insiders and bankers, at least in October 1998 after the reorganization was informed of Yiankeji insider.
4, joint manipulation, Fanyunfuyu
February 5, 2001 the "Guangdong-Hong Kong Information Daily," reprinted an article by Xiao Jin-an, the authors use 2000 information released by the Shenzhen and Shanghai Stock Exchange, through the empirical analysis exposed the dealer who (the paper mainly for the broker) is a how through joint manipulation, in the secondary market Fanyunfuyu's. In this paper together to manipulate the sales department is divided into a single broker the relationship between the association and city (prefecture) and brokerage relationships and linkages between the heterogeneous three kinds of association. He found that certain securities firms exist in the 12 stocks associated with the relationship between certain securities firms exist in the 26 affiliated stocks, other securities firms, there are many similar situations.
The article also revealed a number of brokerage joint manipulation.
