There are many themes of new shares, which is conducive to speculation;
There is no locking disk above the new shares;
The turnover rate of new shares on the first day of listing is very high, which makes it easy for dealers to concentrate on absorbing goods;
The market positioning is uncertain, which can facilitate the banker's operation.
In fact, dealers do not refuse to accept new shares, but there are strict conditions. If it does not meet the conditions for the banker to choose new shares, such new shares will hardly be favored by the banker. Generally speaking, the new shares that bookmakers like have the following characteristics.
1. This industry is unique.
Most of the new shares are conceptual hype, so the stocks belonging to the sunrise industry have become the key to whether the bookmakers are involved. In particular, a number of growth stocks with unique industries and high market share have quickly become "upstarts" in the market. The stocks of general industry leaders or sub-industry leaders will increase greatly after listing. Therefore, retail investors should focus on the industry situation and development prospects when speculating new shares with Zhuang.
2.** Issuance winning rate
The winning rate of new shares is opposite to that after listing. If the success rate of issuance is high, the trend after listing is generally poor. Because of the high winning rate, it shows that there are few investors who are optimistic about the stock, and the chips are won by most retail investors. Moreover, after the listing of the secondary market, retail investors are reluctant to buy, and the trend is weak after listing.
For example, on the K-line chart of Pangda Group (601258) from April to August, it was 20 1 1, the winning rate of this stock was 2 1.57%, and the issue price was 45 yuan/share, but the stock price only reached 38.60 yuan on the first day of listing, a drop of more than 20%. 20 1 1 Since its listing on April 28th, the share price has been in a state of decline, with the lowest price falling to 27.87 yuan. After more than four months of listing, the investors who subscribed for new shares and bought them on the first day of listing were all quilted. If the success rate of new shares is low, it shows that there are many investors who subscribe for shares in the primary market. When trading in the secondary market, retail investors have the willingness to chase high, which is conducive to the bookmakers to raise the stock price.
3.** Listing turnover rate
The turnover rate here is mainly the turnover rate on the first day of listing. If the turnover rate is high on the first day of listing, it means that investors who subscribe for new shares in the primary market have sold their chips, and the dealer can take the opportunity to collect chips.
Usually on the first day of listing, the dealer can complete a large part of the target positions and even absorb enough positions. When the banker completes the opening of the position, the market outlook will definitely push up the stock price. Therefore, a high turnover rate on the first day of listing usually means that a banker has settled in, but the turnover rate is low, and the banker is not enough for financing, so the trend will not be optimistic in the later period. Usually, the turnover rate on the first day of listing is above 60%, indicating that the dealer is more interested in the stock.
The issuance of new shares can always cause a sensation in the market and bring a new round of investment effect, which also gives many investors who love to play new games a good opportunity. However, if you want to make a good investment in the issuance of new shares, you are unlikely to succeed without certain investment skills. So why do bookmakers love to speculate in new shares?
There is an interactive relationship between the IPO market and the trading market. Understanding and grasping the relationship between them is the basis for investors to make correct investment decisions when issuing new shares.
Under the premise of a certain amount of capital investment in the trading market, when issuing new shares, part of the funds in the trading market will be withdrawn to subscribe for new shares. If a lot of enterprises publicly issue shares at the same time, more funds will leave the trading market and enter the stock issuance market, and the supply and demand situation of the market will change. On the other hand, because the IPO activities are generally publicized through the media, the number of new shares subscribed mostly exceeds the number of new shares recruited, which will inevitably make some potential investors who have not obtained the opportunity to subscribe turn their attention to the trading market. If these potential investors carefully analyze the listed stocks in the trading market and find that the P/E ratio and multiple of P/E ratio of some stocks are relatively low, they may buy the listed stocks in the trading market instead, thus injecting new funds into the trading market.
Although the relationship between IPO and trading market can be intuitively analyzed and judged, whether the real influence relationship is positive or negative, whether the issuance market affects the trading market or the trading market affects the issuance market depends on the current situation of the stock market and cannot be generalized. For example, after the news of some companies issuing new shares was announced, many investors worried that the new shares would impact the old shares and threw them out one after another, resulting in huge selling pressure, which led to a sharp drop in the stock price of the old shares. However, when the subscription rate was only 5.8%, investors who had not yet won the lottery plunged into the trading market to buy old stocks, which led to the stock price of old stocks rising again and again.
Generally speaking, the situation of social hot money, the ups and downs of the trading market and the conditions for issuing new shares are the main factors that determine the mutual influence between the issuing market and the trading market. Its specific performance is:
1. The social capital stock is large, the hot money is abundant, the market is good, and the subscription of new shares is bound to be enthusiastic.
When the market is weak, but there are more funds in the society, more people subscribe for new shares.
3. When the stock market is good and belongs to a strong bull market, the owners of funds are often willing to put their spare money into the trading market instead of taking a chance on the subscription of new shares.
4. If the conditions of new shares are excellent, no matter what the market conditions are, there will always be many people actively subscribing.