A week ago, I also said that when others were afraid, I was greedy and felt that the opportunity to enter the A-share market had come.
As a result, after successfully spitting out this year's profits, I had to liquidate my position and leave the market.
After experiencing this heavy blow, I have to ask a question: why is there so much good, ** just not rising?
Today, I'm going to talk about some of my thoughts:
First, there are too many A-share listed companies.
The United States, as a global financial center, has only more than 3,800 in total.
We, China, as a national-level market, have made more than 5,300 ** at once.
The total market capitalization of the United States is 420 trillion, and ours is 80 trillion.
In other words, our amount of funds is one-fifth of that of U.S. stocks, but the total number of funds is 1,500 more than others.
You know, any** needs financial support. Just ask, can you pull up 5300 ** at the same time?
Even in the U.S. stocks, there are a large number of zombie stocks. For a long time, or there is no trading volume at all.
This is not the case with our A-shares. Any big rise is a big flood surge.
As long as the ** comes, all the ** will rise, the difference is only in the rise of more and less, the early rise and the late rise.
Of course, this time, due to the limited amount of funds, a particularly interesting phenomenon has emerged: plate rotation.
When it is going to rise, it is a general rise in a certain sector and a general rise in a certain theme.
That is to say, when the ** is raised, it is not a certain **, but a certain type of **. When the popularity of the subject matter disappears, this ** will fall into a long fall.
If the ** in ** is compared to crops, and the capital is compared to water, then we will always be the traditional watering mode for **. Sometimes the water is flooded, and sometimes the rain and dew are all wet from plate to plate.
However, I would like to ask, do you have that much money?
Are all ** worth the investment?
Second, there are too many junk stocks.
Before I say this, I must state that there are still many high-quality companies in our A-share market.
You must know that our high-speed rail is the world's first, our aerospace industry and satellite launch industry are the world's first, and our new energy vehicles, unmanned vehicles, unmanned aircraft, and military industry are all world's leading!
Of course, there are also many high-quality listed companies in these industries.
However, our funds will not insist on holding these companies for a long time, but will hype up the concept to make quick money. (I'll go on later.) ）
Fraudulent issuance, financial fraud, irregularities**, illegal cash-outs, manipulations**...
In short, the major shareholders and operators of many companies do not focus on management, but focus on cashing out.
A lot of money is attracted by these junk stocks, and naturally it is impossible to buy those high-quality stocks.
What's worse is that many people are stuck in junk stocks, unwilling to cut their positions, and unwilling to invest any more money.
Just ask, you have trapped 100,000 yuan on a certain **, and now you still have 300,000 in your hand, will you still put the 300,000 in your hand into **?
Junk stocks disperse investors' funds and make it impossible for high-quality stocks to **. If high-quality stocks do not deliver good returns, investors will lose confidence and thus be unable to attract incremental capital.
Third, speculation is rife and all of them are engaged in the best investment of drumming and passing flowers.
The capital market is not that it cannot be speculated, but that everyone cannot speculate, nor can it be crazy speculation without limit.
Remember the Storm Video?
This company is a very good company, and it is the first stock of the first company.
As soon as it was listed, it ushered in 36 price limits.
Just ask, if it has increased so many times, if you have the best of this company, will you find a way to realize it as soon as possible?
The major shareholder of Storm Video also thinks so.
Just ask, if you can increase your funds tenfold in the short term, will you still engage in scientific research and production in a down-to-earth manner?
Under the hype style of our A-shares, even if Hongmeng is listed, it will be hyped all over the place.
Let's assume that Hongmeng has a backdoor listing. Then, there will be several, dozens of up-limit boards in a row. Let me ask, in such a high position, if you hold the company's **, do you want to cash out as soon as possible?
Under the impact of such huge interests, will you still engage in scientific research and production in a down-to-earth manner?
Speaking of which, I just want to say one thingIf you look at Huawei and DJI, they didn't go public, but instead became the world's top technology companies. Ali is listed, with a trillion market capitalization;Tencent went public, with a market value of ...... trillionsBut have they become the world's top tech companies?
Capital can accelerate expansion, but capital is not willing to make long-term investments. Because long-term investment is not cost-effective for capital.
In other words, who wants to engage in scientific research and production to make slow money?
The hype in our A-shares is particularly strong. Because when there is speculation, it does not look at the fundamentals at all, but only whether there are relevant concepts. As a result, many companies are frantically adding concepts to themselves.
In order to fit themselves into a certain concept, many companies acquire some messy companies and set up messy projects and scientific research teams.
When selecting a company in A-shares, many companies can't figure out what it is for after reading its information and conceptual themes.
What's more interesting is that there are also some listed companies, which are themselves some investment companies, and even ** companies are listed.
I'd love to ask, the purpose of our investment in your company is to get you into business. As a result, after you get the money, you use it to invest in other companies.
In addition,Since the hype has almost nothing to do with the fundamentals, it is basically illogical.
After a company's performance is disclosed, the profit has increased several times, and you think it is a big benefit, so you charge it. As a result, after rising by seven or eight points, it began to turn downward. If you feel incredible, just go to the comment section.
As a result, people in the comment section said that this is called good cash. Of course it's time to leave.
Before the news of feelings came out, you knew it in advance, and then lurked in it. Wait until the good is cashed out, just in time to ship.
This is not the case with a recent merger in the digital sector. You think it's a good thing, but after rushing in, people are shipping and leaving, and you are firmly trapped.
What kind of stocks have been hyped in the market recently?
A ** financial fraud of 2.8 billion was punished by the Securities Regulatory Commission. As a result, people's stock prices doubled.
went to the comment area to take a look, and people said that this is called the disappearance of bearishness. originally thought that financial fraud would be delisted or something, but in the end, it was just a fine warning. So, of course it's good!
Look at this bullshit logic!It's just a slap in the face!
You think it's a punishment, people think you're here to send joy.
It's like a murderer hearing a two-year reprieve, which is a great benefit for this death row inmate
Some time ago, A-shares were speculating on dragons and phoenixes, and also on the east, west, north, south, and middle.
Recently, there has been a lot of speculation about the concept of daughters.
Add a comment of 140 words or less (optional).
I'd love to ask, what are the benefits of a shareholder's daughter creating a great company?
The reason why you can't beat the eight poles, the logic that doesn't make sense, and you start to hype, are you crazy?
That is to say, we can't short A shares, if we can short, I will short at a high level, and even smash more than a dozen down limit boards, so that you don't even have pants left!
I'm so!
The hype that has no logic and doesn't look at the fundamentals at all is really messy like shit!
If you say that you are based on fundamentals, policy, and industry analysis, this logically makes sense, and today's hype will eventually be realized into corporate profits, which is acceptable.
Isn't your illogical hype just a game of drumming and passing flowers?
It's like that fake concept stock.
When the first limit appears, do you think, are you kidding?is such a stock, and it can still rise to the limit.
Subsequently, after several daily limits, you can't help but wonder: Could it be that this is the legendary New Year's Eve demon stock?
Immediately after that, the limit is up again, you can't help it, and you charge it in.
As a result, since you took over, it has been falling every day. By the time it finally stops, you'll have half of your bankroll.
I want to ask, isn't this a scam of beating the drum and passing the flowers?
Actually, all **, that's the case. When a **starts**, either you can't grab the chips, or you grab the chips that someone else has given you. Because you grabbed it, it's time to fall.
Just ask, which ** doesn't have a bunch of **?
In this case, no matter which ** is raised, the first thing to do is to find a way to untie the trap disk in front. This requires a lot of money. Can you unbundle one stock, can you unbundle all the shares?
The people in front don't untie the set, can it rise?
Now, I've cleared out, when will these chaos be solved, I'll consider entering again!
Let's talk about some of the solutions I've thought of on my own:
First, implement a zero-tolerance delisting policy for listed companies that commit fraud, illegal disclosure, and violations.
More than 5,300 **, even if they are all high-quality companies, that is too much. What's more, there's a bunch of rat droppings.
Within two years, at least 2,000 companies will be delisted, and then, the total number of 3,000 listed companies will be maintained. Otherwise, **more, less funds, ** will not be able to go at all.
What's more, junk stocks also hurt investors too much, and it is very demoralizing to people's confidence.
Once a person is disappointed and loses confidence, it is very difficult to turn it around.
Why can't A-shares go up for a long time?Even if so many benefits are released, ** just can't go up.
The reason is simple, the connivance of counterfeiters and violators has caused investors to lose confidence.
Second, the implementation of the institutional T+3 trading system forces large funds and large institutions to insist on long-term investment.
It is understandable that they are pursuing the best interests.
However, many institutions are also doing hype, which makes the hype in this market more and more intense.
Of course, in order to better control the wind of speculation, individuals with more than a certain amount of capital can also be required to implement T+3This forces large amounts of money to trade on high-quality stocks for a long period of time.
For example, choose companies that pay more generous dividends.
Because for long-term funds, ** profit is limited, but the dividend is very objective and is just as profitable.
Third, solve the problem of dominance and make independent directors truly independent.
The bad impact of China's dominant problem is not only on the first, but also on the independence of auditing.
Just ask, the boss asked an audit company to audit the company run by the boss, do you think the audit company is going through the motions, or is the audit out of a bunch of problems?
The reason why the audit is independent is that both parties do not trust each other, and it is necessary for the independent third party to do an impartial audit.
However, in the case of a dominant share, there is only Party A and no Party B within the company. In other words, the major shareholder and the manager are the same person.
I am my own boss, I run my own business, and then after I go public, I need to find an institution called an audit company to issue an audit report for myself, indicating that I have not harmed the interests of all shareholders.
Excuse me, how much independence do you think the audit company can have in this case?
So,The problem of the dominance of one share of listed companies must be solved. There are large investment institutions involved, and in order to protect their own interests, these investment institutions will also form supervision and restraint on major shareholders. Otherwise, the listed companies are all one word, all are mom-and-pop shops, why do we invest in listed companies?
It's better to invest in the small shop opened by the couple downstairs. At least I can see them every day and know if they're working hard.
Fourth, we should encourage investment institutions to acquire and reorganize listed companies.
Some investment institutions can specifically acquire companies, modernize these companies, and revitalize them, so that they can be listed again, so as to obtain huge economic returns.
This kind of investment company is better than those investment companies that package and list companies, right?
Forget it, don't write it!
Anyway, people are soft-spoken, and no one will look at it!
Finally, I also want to say: ** will not be closed, A shares will rise back sooner or later. But,Without profound reforms, even if the decline stops in the short term, it will be difficult to form a long-term bull
Because if there are still more than 5,300 good and bad **, and another round of hype, the people who just rushed into the ** will be ** prison again.
Without the money-making effect, there will be no incremental money;Without incremental funds, it is difficult to grow cattle and slow cattle.