Yesterday was green, and the trading volume was very large, which is not a good thing, and the micro-cap stocks **10%, which is very similar to the pre-holiday wave. All kinds of small compositions have spread, and some say that the quantitative ** has been released to trade, and it has been smashed again. Some say that DMA collapses**, do you want to run now, will you be buried like last time if you don't run?
I'm Miss Yang, I'll give you some data on popular science, and the small essay will be broken. DMA can be a yield swap, you can understand that the brokerage over-the-counter to quantitative companies to increase leverage, some will increase to four times leverage, it is also a short tool. Now Guo Jia's team protects the disk and prohibits all short-selling behaviors, so DMA is not allowed to be added, and it will end when it expires, especially the quantitative products raised by customers are basically strictly controlled in scale, and the self-operated ones can also achieve 4 times leverage.
There is also news that many DMAs will end when they expire at the end of February, so many quants understand a day or two in advance and later respond to deleveraging. Personally, I think this is the main reason why there are so many indices of microcap stocks and other small cap stocks. So do you want to run or not? I think it's the opposite, it's a better place to get on the bus, and it's been going up, and I don't have a chance to get on the bus.
I think it's less likely that micro-cap stocks will continue to stomp because the DMA business is not very large. Authoritative data shows that the scale of DMA business was between 250 billion and 260 billion at a high point, and then it was stopped by regulators, so the scale has been declining steadily, and the current scale is between 100 billion and 120 billion. Yesterday, there was more clearing, and there was not much left, and the momentum of smashing and shorting would be weakened, and it would not be as panicked as before the Spring Festival.
In addition, quantitative trading restrictions have been relaxed? No, from August 23, the supervision will strictly investigate the quantification and control the quantitative transactions, otherwise it will not be the first time to understand that Lingjun sold more than 2 billion in 15 minutes, and then immediately pulled out the network cable, stopped trading for three days, and set an example for killing chickens and monkeys, don't cut leeks to Guo Jia's team. Quantify the risk this year is quite large, one is political risk, one is redemption risk, and congestion risk, these three types of risk have been analyzed in the past, you can take a look.
Looking back at the maintenance before the two sessions, the three fires of the new chairman have not been burned out, the short-selling power will be banned, and the A-share will not revert to the panic before the Spring Festival. Every time ** is an opportunity to get on the bus, in addition to the next high probability will take off, there are four reasons, yesterday ** made it very clear, everyone go listen to it.
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I'll share it here today, I'm Miss Yang, tell the wealth story around you, so that you don't have to take a detour in your financial management!