It's not profitable to play new under the break tide

Business News (reporter Yu Yuqing) as this newspaper expected, after break or break.　　Yesterday a shares to reproduce the collective break tragedy: Five IPO 4 break, and the decline of all over 10%. Yesterday, the Gem 5 IPO, in addition to the new Wood (300169) a solo show, up 26.25%, the remaining four shares all the big break, and the decline of all more than 10%.　　The biggest drop in the day-Swiss instrument (300165) fell 16.68%, while the lowest percentage of information (300168) eventually closed down 12.14%, the eastern State Letter (300166) fell 13.39%, Dwight (300167) fell 14.2%. For the increasingly broken mmmm, market participants are not surprised.　　Datong Securities analyst Li Coying that the recent issuance of new shares, a number of listed companies to implement additional issues, short-term market funding constraints, coupled with high P/E and high price, new shares appear broken mmmm not surprising.　　IPO data show that in the break of four new shares, the highest trading price of the Oriental country letter reached 92.65 times times, the lowest Dwight video also reached 77.7 times times. "At present, the market has formed a consensus on the squeeze of small and medium stock bubbles, and the reports of the major investment banks are expected to have a larger squeeze on small and medium-sized stocks, the recent new shares of small and medium stock is mainly a break is affected to some extent."　　"Li Coying pointed out that under the continuous squeeze, the current small and medium stock fall is already very large, the value of gravity collective downward shift, but the IPO pricing is still high, which also laid a foreshadowing for the break. The emergence of broken mmmm let dozen new institutions and retail investors immersed in it.　　In the case of the Fund, from yesterday's break of the 4 IPO net placing results, a total of 10 funds to participate in the new, a total of 5.56 million shares, according to 4 new shares yesterday closing price calculation, 10 fund total floating deficit nearly 40 million yuan. Why tin sheng New materials can be a solo show? Analysts believe that the tin Sheng new materials in favor of upstream resources stocks, under the strong expectations of inflation is very easy to be taken care of, which may be the reason for its own yesterday. However, some people think that more reason may be the attention of the hot money problem, after all, the current market capital dynamics is elusive. Public data show, tin sheng New materials in November 2010, sponsored Securities securities for Ping An.　　Industry personage Analysis pointed out, tin sheng new material is the domestic polymer foaming materials industry leader one, the next 3 years expected growth is higher. "Some of the same industry stocks are falling, the new stock break is also very normal, and as the market continues to go bear, in the small and medium-sized stocks fell sharply, these already break stocks may be difficult to regain the IPO price."　　"Li Coying predicted that in the near term will remain the risk range of new shares break, keen to hit the latest investors should be more recent to see less move, until after the breaks the tide will not be late." Analysts also believe that the former a-share market in the OTC funds have been inadvertently fighting, relying only on the short-term weakness of the Fund index in the fieldDifficult to change, this also to the new stock market to bring a little pressure, so the new shares broken mmmm may also be with the weak market environment for some time. According to the same flush statistics show that this year a total of 26 new shares listed, of which there are 14 only on the first day is a break, accounted for more than half, and after 18th listed 10 IPO is the first break 9, only the days of the newly-sung to escape the break.