What is the biggest cognitive bias in A-shares? Is it because the village committee and some so-called experts think that T+1 is to protect retail investors? protection of small and medium-sized investors; But retail investors aren't buying it. Because they found that the actual vector speculation of demon stocks caused by T+1 from 30 years ago to today, the lethality of retail investors caused by it is far more severe than that of T+0.
In addition, the vector playing board caused by T+1 diverted a large amount of financial resources; As a result, the turnover rate of small and medium-sized caps is extremely high; Speculation has over-diverted the amount of funds and trading volume of blue chips; As a result, patient capital is buried and value investment is completely extinguished.
In fact, the implementation of T+1 is fundamentally to reduce market volatility; Reducing the level of market activity. To put it bluntly, the market is not volatile and easy to manage.
This is not the crux of the problem, not a disease. At that time the market was extremely active, and now the market is extremely inactive. Quite the opposite.
Diarrhea and laxatives, aggravation of the condition, this is the crux of the problem.
Liquidity is sluggish to this day, and it is still necessary to maintain more than 10 vector demon stocks every day, and one-third of the amount of energy has been divided.
A total of 700 billion in a day, more than 2,000 were attracted by the T+1 vector demon stock board. The blue-chip bottom-buying funds were buried, and they scolded their mothers there; Blame retail speculation? You should be blamed for the wrong trading system.
It's like a road that hasn't been built yet, are you blaming the passerby for taking the wrong place? Trampling the road? The cement is not dry, just go? That is, at best, moral condemnation. Who told you not to set up barricades and signs?
Monster?
Let's get back to today's Yangtze River Communications. In fact, there are such demon stocks every day. It's like all kinds of health care drugs sold directly on TV, it's a routine. Generally, it will not exceed 15 days, which is two weeks. Such a demon stock has completed the mission of speculation. Because of the daily limit, 7 boards doubled, 14 boards more than doubled, basically from the policy, public opinion fermentation time, it is time to realize that the hype proposition has been truly discovered, so the time can not be too long. Generally not more than 15 days; In terms of amplitude, there is also a large room for profit, and the speculative funds will naturally have to make a profit and close their positions.
Therefore, the A-share caused by it is a hot spot for no more than half a month; It's always been a good half a month; The sector that fell for half a year to a year is dead.
Changjiang Communications, a company, is very much in line with the standard configuration of T+1 vector demon speculation. The performance is bad enough, the plate is small enough, and the shareholders are scattered enough. You can fry it! I can fry it! The price-earnings ratio is -71, loss-making stocks, and the market value of the three boards is only 8.1 billion; Small enough.
| Net profit: -27.31 million | Year-on-year:-1415.60% |
| Gross margin: 28.68% | Net Profit Margin: -42.05% |
| ROE:-0.80% | Debt ratio: 22.85% |
| Position | Name of shareholder | Nature of shareholders | Type of shares | Number of shares held (shares) | Proportion of total outstanding share capital | Increase or decrease (shares) | Percentage of change |
| 1 | Fiberhome Technology Group Co., Ltd | other | A shares | 56,682,297 | 28.63% | No change | -- |
| 2 | Wuhan Financial Holdings (Group) Co., Ltd | other | A shares | 20,821,218 | 10.52% | No change | -- |
| 3 | Wuhan Hi-Tech State-owned Holding Group Co., Ltd | other | A shares | 11,267,523 | 5.69% | -586,600 | -4.95% |
| 4 | Wuhan Xinneng Industrial Development Co., Ltd | other | A shares | 3,307,700 | 1.67% | No change | -- |
| 5 | Ge Shinari | individual | A shares | 1,230,000 | 0.62% | -13,000 | -1.05% |
| 6 | Wuhan Yangtze River Economic United Development Co., Ltd | other | A shares | 1,057,700 | 0.53% | No change | -- |
| 7 | Shao Lijun | individual | A shares | 873,425 | 0.44% | New | -- |
| 8 | Guo Yongren | individual | A shares | 765,000 | 0.39% | 11,500 | 1.53% |
| 9 | BARCLAYS BANK PLC | QFII | A shares | 698,706 | 0.35% | New | -- |
| 10 | Chen Shiran | individual | A shares | 695,600 | 0.35% | No change | -- |
| total | -- | -- | 97,399,169 | 49.19% | -- | -- |
Shareholders are more dispersed; Although the company said that it did not participate in the "Cheluyun" related projects; Then you speculate, don't care if you have it? Your listed company is a piece of, as long as T+1 vector funds come in, you can enter the list of ups and downs; If more greedy retail investors can come in, then this game of drumming and passing flowers will open the market!
This is the ridiculousness and backwardness of the T+1 vector demon speculation board in the Chinese stock market. But our management still thinks that the face is covered with gold to protect retail investors?
220 million shareholders were tied up, watching 800,000 gamblers playing on the board, speculating in demon stocks every day. 99% of the participants are large-cap blue-chip traders; Tied up, heavily influenced, miserable.
In our village, there is just one sentence, which lightly wears out the pain that shareholders have suffered in the past 10 years: T+0 is immature.
A 260-year-old trading form, a trading rule that is practiced all over the world, immature?
That's all we have to do to get kidnapped by T+1? Big guy, think about it, ask the village, do you want us all to go to T+1 vector board to fry demons?
It's simple, right? Where resources are, they are active, and there are opportunities.
The T+1 rule of A-shares leads to the opportunity of A-shares, and the T+1 vector of capital concentration is used to speculate on the board, and value investment is definitely not possible without financial support and resource support.
Does that encourage us all to go to T+1 to play the board and fry the demon?
I think everyone should go; Your truth is no match for resource allocation. The ridiculous T+1 vector board speculation of A-shares is to force A-shares into a casino; If you want to make money, you can gamble, and if you can't stand it, you will leave, go to the US stock market, go to the European stock market; When it comes to value investing, the conclusion is as simple and straightforward as that.
Who makes our management, management market characteristics this color? No way. Come on, Changjiang Communications, 5 more boards! Little demon stocks, fry up!
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