Four signals show break new shares expected

Every reporter Liu Mingtao Wang Yandan years, the A-share market, the most investors headache is what?　　The answer must be new shares. January listed 30 new shares, 21 break, new shares break rate as high as 70%. Among them, January 18 listed 5 new shares all break, January 25 listed 5 new shares have 4 first day break, January 28 listed 4 new shares have 2 first day break.　　No doubt, a a-share in the history of the most serious "broken mmmm" let the new people confused, so that the speculation of the new confused, regardless of which way to participate in the hold-up has become a probable event. New shares repeatedly break, to protect the hair. The question of when the new stock will turn out is the most concern for investors.　　This week, the daily economic news reporter through the past break history and a variety of market phenomena found that there are four positive signs, break new shares are expected to rally, out of a wave of protection and distribution. Signal 1 of the price fell to the net under the lower inquiry under the new issue, according to the existing procedures, will be invited to fund, brokerage, trust and other agencies to make inquiries. Although the new issue system reform, new shares of high inquiry phenomenon is common, but in general, most agencies in the company to conduct research and professional analysis, the offer of how much reflects their hearts expected reasonable price.　　Even for the market after the listing of two to reserve space for speculation, some agencies give the offer, more than they expect reasonable price also has a "discount." After the reform of the IPO system, most of the agencies participating in the inquiry are not able to obtain shares through the net purchase.　　However, when the IPO falls below the IPO price and is increasingly close to the RFQ range given by most agencies, it does not rule out that some of the unlisted institutions are configured to consider the new shares to be of investment value. West pump shares for example. January 11, the West pump shares in the SME board listing, the issue price of 36 yuan per share. On the day of listing, the West pump shares did not break, closed at 38.58 yuan per share.　　But with the market weakened since then, many new shares on the first day of the direct break, the West pump shares listed on the 4th trading Day (January 14) also joined the break army, January 15 again plunged more than 7%. The turnaround occurred on January 25. The same day the West pump shares fell more than 3% in early trading, the lowest touch to 31.03 yuan, at this time the share price has fallen 13.81% than the issue price. 1 o'clock in the afternoon Xu, the West pump shares in the huge amount of cash to pay the influx, the stock price quickly was pulled red, and finally to the rise of 3.86% reported.　　The two-day trading session was followed by a steady pick-up in stock prices, which rose by about 7.5% from its lowest point in Friday. Reporter check the west pump shares under the network inquiry data found that the West pump shares after the lowest price of 31.03 yuan, has basically fallen to the original majority of the agency to give the price range lower. Data show that a total of 41 placing objects to participate in the West pump shares under the network inquiry, the vast majority of agencies quoted in 30~40 Yuan. The value of the main underwriter's report that the company's reasonable value range of 32.2 yuan ~39.56 yuan/shares, that is, January 25 West pump sharesThe historical low point of 31.03 yuan, the basic equivalent of most agencies offer the lower limit, and just fell below the main underwriter's reasonable value psychological limit. In addition to the West pump shares, pioneer new materials, days shun wind, Asia-Pacific technology and other shares also appeared similar. Pioneer new materials on January 13 in the Gem listing, the issue price of 26 yuan/share. On the first day of the IPO, the share price went up and down, the biggest rose by 41.54%, but only a 10.38% rise. The next two trading days, the pioneer new materials plunged 8.89% and 4.78% respectively, below the IPO price. January 25, pioneer new materials to a minimum of 23.30 yuan, at this time has been more than the price discount of more than 10%. This price happens to be in the net when the purchase of most agencies of the lowest quotation. The announcement indicated that a total of 83 placing object participated in the pioneer new material net inquiry, most fell in 22~30 yuan.　　As of January 28, pioneer new material has rebounded to more than 25 yuan, the distance is only one step away from the insurance. However, some people in the industry believe that the institutional investment behavior is influenced by many factors, when participating in the IPO, the stock price falls to the inquiry interval is only a reference factor. Huang Coujun Securities analyst, said that many institutions in the new investment, more inclined to only participate in the play. However, if the new stock industry is more unique, then there may be institutions to configure. Galaxy Securities analyst Joon that, when the inquiry, the agency's reference to the data is generally the company's first 3 years of performance. If the organization is bullish on the company and has the desire to buy in the two market, it should be through in-depth research to confirm the future growth of the company to make a decision.　　Moreover, the current report has begun, the latest data will be released, many institutions will not because the price of the rush to buy. Signal 2 under the network of the system to float too much since the implementation of the new IPO rules, participate in the network inquiry agencies are no longer as in the past, as long as the payment of sufficient funds can be allocated a certain number of shares, we share pot.　　Now the Agency network under the purchase also like the retail investors to play a new wave, so that either do not check, or the success of the institutions will be a large number of shares. In this round of new shares "broken MMMM", the network under the list of the Organization is undoubtedly one of the biggest victims. Although their shares will not be lifted until 3 months later, the cliff-like decline in most new shares has at least left these institutions with huge losses on their books.　　Market participants pointed out that once the share price fell to the heart of these institutions, then do not rule out their own hands, diluted costs. Take Linzhou heavy machine as an example. Linzhou and West pump shares are listed on January 11, the issue price of 25 yuan/share. On the first day of listing, Linzhou heavy machine closed at 29.09 yuan, or 16.38%. But in the following trading days, Linzhou and West pump shares, as the market fell and share prices suffered a setback.　　January 24, the lowest Linzhou heavy machine fell to 23 yuan, at this time the net hit the new body total floating loss has reached 20 million yuan. January 25, Linzhou Heavy Machinery released a good, said that due to operating income growth and high gross margin products thanHeavy increase, the company's 2010-year performance year-on-year growth reached 71%~83%. Take this Dongfeng, the same day Linzhou heavy machine share price to rebound, and finally to the limit of the report.　　January 26, the company's share price continued to soar 7.74%, finally temporarily out of the break shadow. Shenzhen after the data show that January 24 ~ 26th, Linzhou heavy machine buy the top 5, there are 3 institutions dedicated seats, 3 days total purchase amount of up to 62.14 million yuan. Analysts pointed out that Linzhou heavy machine to obtain institutional favor, has its particularity: first, the company issued a positive, the second is the company's own price is relatively low, easier to obtain market recognition.　　At the same time, also do not rule out that there is a net under the trap body in the break after the low fill warehouse, in order to diluted costs.　　Signal 3 break 20% or new shares of the big bottom style shares plummeted 19.03%, sinovel than the price of the price plummeted 18.911%, Dwight Video, Wanda information and other new shares than its price decline more than 10% ...　　This year's listing of new shares, not only difficult to protect hair, but also more than its issue price has a larger decline, which also directly led to a sudden drop of fresh gas, almost to the point of neglect, the recent batch of listed new shares, the first day turnover rate is basically under 30%, trading in the downturn.　　However, the daily economic news reporter by looking back to the end of April 2010 to the beginning of July, the mmmm found that once the new shares oversold situation, often will come out a strong rebound market, and this one limit, is 20% decline.　　In last year's wave of "broken MMMM", many stocks have a larger decline, including Qixiang Tengda, Jacques Technology, Canton and the Han-sen pharmaceutical stocks, such as the biggest decline in the 20% or so. Take Qixiang Tengda As an example, the first day of the stock market was brutally broke, although in the next few trading days out of a small rally, and successfully stood on the issue price, but did not last long, in the weak market environment, the unit then fell quickly, the lowest fell to 24.33 yuan, compared with its issue prices fell 15.75%. Create a new low, Qixiang Tengda began to hit the bottom rebound, from July 1 to November 25 out of a wave of rising prices, the highest rebound to 48.68 yuan, the period of the interval rose also reached 87.8%, the performance is unusually eye-catching.　　The other big losses, such as Hansen's pharmacy, have almost completely replicated the Qixiang Tengda trend, the stock price complete a big reversal.　　From nearly 3 trading days, break new shares have been ready, the Central China Numerical control, Lehman Photoelectric, Sirte and other stocks have begun to rebound, launched the "First gun" insurance. Signal 4 Online Check rate high from million and electric 2.07% of the check rate, to the Han information 2.24% of the check rate, and then to the East Fu long 7.16% of the check rate, and finally to the Oriental Tower 10.11% of the check rate, with the break intensified, the enthusiasm to play new funds to the "freezing point",　　Nearly 4 batches of new shares online to record the rate of continuous creation. The new money is no longer keen to play new, this is good or bad? From the point of view of the IPO, this is definitely bad., but from a market point of view, this could be a sign of a rebound in the bottom of the IPO. In last year's new shares "broken MMMM", the new shares have also encountered the issue of cold, many new shares online check rate above 1%, Tianhong shopping malls, the Cologne pharmaceutical industry, as well as mega shares, such as the number of new shares in the probability of even more than 2%.　　However, the super high rate does not mean that these new shares are not the market attention. A researcher who has long studied new shares says the IPO rate in a certain period of high, this can only indicate that during that time to play new funds to purchase more cautious, generally speaking, this is the new share break caused by, when there is a loss of risk, the funds will naturally have a choice, the high probability of a stock is not surprising. However, from the IPO to the final listing, often there is a gap, once the new stock market is warm, the issue of new shares not to be concerned about, it is likely to be listed after the funds concerned.　　In addition, it is worth noting that, after the high percentage of new shares, the IPO market may have reached a very weak stage, so, when this phenomenon occurs, investors can again slowly to remain concerned about the IPO.　　Indeed, in the last year, "Broken mmmm" appeared high rate of new shares, the new shares began to hit bottom rebound, gradually strengthened, along with the first-day break in the new shares, the IPO rate returned to a relatively normal level. After the increase in the rate of new shares, the first day break rate and break range has been reduced, the January 28 listing of 4 new shares only 2 break, break new shares fall control within 7%, the phenomenon appears to indicate that the bottom of the new shares is not far.