From Starlight Agricultural Machinery, witness the failure of the bookmaker's trading
Xingguang Agricultural Machinery, from the time of the collapse of the stock price of 12.65 yuan on January 18, closed at 9.13 yuan on the 28th, a 9-day decline of 27.82%.
The waterfall decline in the stock price of Xingguang Agricultural Machinery has surprised many investors.
From the trend of Xingguang Agricultural Machinery in the past year, it can be seen that with 12.60 yuan as the bottom, as long as the stock price falls to this position, there is always a magical force pulling up. This is a very typical way of doing trading.
Xingguang Agricultural Machinery was listed on April 27, 2015, with an issue price of 11.23 yuan, known as the "first share of agricultural machinery".
In the first month after the listing of Xingguang Agricultural Machinery, the stock price was speculated as high as 82.65 yuan, and then fell in a stepwise manner, and basically stabilized above 12 yuan after 2018.
There was occasional speculation during the period, but the increase was not large, the highest rose to 18.24 yuan, and the duration was very short, far from enough space for the bookmaker to exit safely.
Many people know a stock market proverb, how long the horizontal is and how high the vertical is. Most people think that this sentence means that the longer the sideways, the greater the rise.
Starlight Agricultural Machinery uses the complete opposite of "long and long and long" to prove the other side of this proverb.
The plunge of Starlight Agricultural Machinery has two reasons.
First, the performance has been a loss for two consecutive years. The aura of the first share of agricultural machinery has become dim in the face of hundreds of millions of yuan of losses per year.
Second, the market maker ran away after the stock price rose hopelessly. Faced with years of huge capital costs and deteriorating company fundamentals, what can you do without running away?
In the past six months, due to the starlight agricultural machinery bookmakers sticking to the 12.60 price level, many investors have the opportunity to arbitrage.
Buy around $12.60, pull higher and sell. With such repeated operations, some shareholders have successfully harvested the leeks of the bookmakers.
But that's limited to shareholders who exit in time before the plunge. And those who did not quit in time mostly became victims of the bookmakers' running away.
