New shares on the first day of the roller coaster: the body to copy the bottom of the hot money cut meat off the field

Wang Yanping this week, the IPO rose "dive", on average less than last week's 1/3 issue of more than 90 times times earnings, the new to be careful after last week's collective madness, this week, the first day of the IPO rally "diving."　　Yesterday, three new shares Yanggu Huatai, the Swiss Pu Biology, the first day of the latitude and longitude electric material rose only 46.11%, 32.02% and 27.19% respectively, set a two month since the lowest average gain. Reporter statistics found that the Wednesday listing of 4 new shares, this week, 7 new listings on the first day of the average increase of only 38.41%.　　And last week issued 7 new shares, the first day of the biggest increase in Eddie West reached 235.04%, the increase of more than 100% of 3, 7 new shares on the average on the first day up to 118.26%, is 7 new shares rose 3 times times more this week!　　The first day of new shares rose like a roller coaster "flush ifind" statistics show that this year since the listing of 251 new shares, the first day of the increase of more than 100% of 25; corresponding to the first day break shares reached 24. From the 251 IPO time, the first day of the increase has three obvious peak stage, respectively, before mid-January, March to April 21st, August to September 10th. The first-day increase of more than 100% of the new shares are basically concentrated in these three stages, of which August to September 10th accounted for 11, March to April 21st, there are 11, 2 before the middle of January.　　and March to April 21st, August to September 10th these two stages is also the most crazy small and medium-sized stock speculation, the two-tier market for small and medium-sized stock speculation enthusiasm of the sharp warming, but also made the small and medium-sized plate IPO when the capital of the crazy Chase. In addition, new shares on the first day of the rise there are two trough stage, respectively, at the end of January to early February, mid-May to mid-July, 24 break stocks are all concentrated in these two stages.　　Among them, 5 break stocks appeared at the end of January to early February, another 19 break stocks appeared in mid-May to mid-July, the two stages due to the market downturn, especially the April 16 stock index period after the market continued to plunge, the risk of small and medium-sized stock speculation increased, the IPO break is more and more common The market after 1.5 months of horizontal plate, this week finally turned downward, the early strength of small and medium-sized stocks have tumbled, which also dragged down the performance after the IPO.　　From past rules, the first day of new shares rose to a peak last week, starting from this week, the debut of the IPO has gone downhill, and the fresh gains will gradually lower.　　More than 90 times times the share price of new shares, "diving" from the debut of this year's IPO, the reporter also found an interesting phenomenon, that is, if the IPO began to frequent high P/E, often means that the new stock market has come to an end, the IPO not only the first day of the rise is relatively limited, even the risk of break. In the Monday issue of Gem shares, the Sun Bird issued a P/E ratio of 96.27 times times, the result of the beginning of Wednesday, the first day of the IPO performance on a big "dive"; the next Monday issue of 4In the gem, the Isida is also close to 90 times times, up to 89.72 times times. The number of new shares listed this year is more than 90 times times higher than the total of 9.　　It issued the highest price-earnings ratio of the century Ding Li (123.94 times times) January 7, the results of the second day of the listing of 6 gem new shares, the largest increase of 44.88%, the minimum increase of 19.68%, the average increase of only 32%.　　And in the Century Ding Li January 20, after the IPO, the first day performance is falling down, soon after the small and medium-sized new shares listed on the first day break. April 8 and April 21, the issuance of P/E ratio of 94.52 times times, 98.33 times times the bi-water source, national technology has been issued. April 21, although the first day of the green water market rose still 120%, but other on the same day listed new shares generally only more than 30% of the increase; April 30, National technology on the first day of the market rose 79.78%, but on the same day, Ningbo gqy, digital video Only a few percentage points of the increase, China and Switzerland, only 10.43% of the rise.　　Soon, break stocks began to "wholesale" emerging. Of the 9 listed new shares offering more than 90 times times the price/earnings ratio, the top eight are all new gem shares. To some extent, the high P/E of the gem has become a "vane" of the IPO performance, often means that the new risk has become more and more big. This week and next week, Gem shares are again about 90 times times the issuance of a price-earnings ratio, perhaps means that a new feast is almost over.　　Because when institutions are willing to pay for a crazy high P/E issue, a new craze is at its head. The new feast is nearing its end, and the institutions and the idle money are playing another game on the new battlefield.　　However, Lenovo to the green water, three environmental protection, when the new shares listed after the listing of institutions have been killed, the results have been deep sets of circumstances, this game who wins who negative is still difficult to predict.　　Trading public information shows that this week, 34 of new and medium-sized Board IPO, the agency took advantage of the first day of the big drop to kill into, yesterday is taking advantage of the sharp fall in share prices actively to copy bottom. Wednesday, the largest growth of the young Eagle farming, yesterday closed down a fall, but yesterday there are still two institutions to buy a large number of 38.52 million yuan. The stock market in Wednesday had been a huge pursuit of institutions, four institutions total to buy 243 million yuan, accounting for more than one-sixth of the day turnover. Although two institutions sold 35.85 million yuan the day before yesterday, most of the funds still did not flee.　　And the day before yesterday to buy the stock 19.83 million yuan "trading board death squads" Everbright Securities Ningbo Jiefang South Road, yesterday, sold 17.37 million yuan cut meat out; security Letter Securities Shanghai Century Avenue building, Hunan Wealth Securities Yueyang South Lake Avenue, Galaxy Securities Xiamen Mei Hu Road, such as hot money also cut the meat off the field. Yesterday, the Banyan software fell to a minimum of 42.28 yuan, compared with the price of 37 yuan rose only 14.27%, but yesterday to buy the first three seats occupied by the agency, totalBuy 26.69 million yuan and sell 7.47 million yuan for one organization.　　In Wednesday on the day of the listing, three institutions seats are a big buy 79.64 million yuan. The lowest shares of the company fell to 27.5 yuan yesterday, only 23 yuan of the issue price Rose 19.56%, yesterday also had an agency to buy 12.24 million yuan. The unit in Wednesday when the listing of two institutions to buy a large 30.81 million yuan, but the day before yesterday, a body sold 7.83 million yuan, judging from the turnover is likely the day before yesterday when the ship. And the first day to buy 7.63 million yuan of Citic Gold Tong Linan Money Wang Street Sales department, the day before yesterday has sold 6.85 million yuan, is likely to lose out.　　Citic built the day before yesterday to invest in Shenzhen Shennan Middle Road Central nuclear building, Wanguo Wuhan Zhongshan Road yesterday ranked top two in the selling list, is estimated to be a loss of potential. The agency's precision is the 3rd net buy. In Wednesday, a total of four institutions total net buy 132 million yuan, the day before yesterday, three institutions to buy, one agency sold, total net buy 33.19 million yuan; yesterday, two institutions bought, one agency sold, total net buy 13.81 million yuan. Xiang Fortune Securities Jinan by 11 road the day before yesterday to buy 8.37 million yuan, yesterday sold 7.79 million yuan cut meat off the field.