Gem 100 Yuan Shares Nearly Cut &Nbsp; Fund Managers Said After July Hunters.

With small plates and Gem Continuous extrusion foam, and hundreds of agencies have been gathered to study the sea and the source of water to create 100 yuan stock myth, but now, these share prices have fallen, facing the "cut" embarrassment. Fund managers predict that after July, with the lifting of the ban, a large number of small and medium sized boards and GEM stocks will have a higher valuation pressure, which will select the best stocks from the opportunity.

Joint research

In the last two weeks, the market has dropped sharply from 2500 to 2370. The downward trend of the overall valuation center has greatly accelerated the bubble speed of the gem and small and medium-sized boards. A hundred stocks that had been crowned with various names were accelerated to "turn around".

In the first half of the year, small and medium-sized boards and Gem A hundred dollar shares, a large number of hundred shares have rapidly shrunk from the highest price, and share prices have been cut off. Among them, the highest price in the intraday market since the listing, the sharp decline of 35%, the 46.7% decline of the water source, and the 45.5% of the first batch of gem companies.

When the bubble came, some fund companies stayed awake, and some fund companies gambled. At the beginning of the listing, the blue water source was hit from heaven to hell within three weeks, and the first week of the listing of the company was from two level market. However, in the second week, the stock fell back and fell all the way. At that time, institutions such as Jiancang estimated that their losses were over 20%.

Just after May 1, agencies such as ants on the hot pot couldn't sit still, including 150 researchers from the fund, brokerage and private placement, rushed to the headquarters of the Bi Shui water headquarters. Since then, the name of the sewage treatment company has been immediately questioned by the industry. With the technical barriers and the profit margins of the industry unlocked, the price earnings ratio of the company still has more than 90 times the "high water level".

The same is the way the institutions get together. The Goldman Sachs, a pharmaceutical company that has been built by Goldman Sachs, has won the title of "the only Chinese manufacturer of heparin sodium raw material produced by the US FDA". It has become famous as the highest issue price in the history of A shares IPO. The company's explosive growth has led hundreds of agencies to join in the roadshow, and Wang Ya and a large number of star funds have hit the new Hai Puri, and so far, the new fund has been over 20%.

Pessimism is expected to increase.

In the late 90s of last century, the IT industry started an industrial revolution in the world. In 2000, the Internet share bubble triggered a chain reaction in the global stock market, and A shares were also implicated. Just like the Internet bubble, today, the valuation bubble of high growth varieties of gem and small board is blowing up.

along with Gem And the small and medium-sized plate institutions under the net placing of shares to tide over the tide of the ban, has been dormant years of venture capital fund PE returns, "small no" and venture capital cash pressure is not small, the fund's pessimistic expectations of small cap stocks will increase. Reporters found that more and more fund companies began to reflect the high valuation of gem and small and medium-sized boards.

However, there are fund managers who remain interested in the sharp fall of the two sectors. A fund manager said he was concerned about the lifting of the new shares after the IPO restart. He predicted that after July, with the lifting of the ban, a large number of small and medium-sized boards and GEM stocks will be more obvious pressure, which will maintain close attention to this, and select the best quality stocks.