swtor credits November 19 CYM

Money more than the a-share market circle unspeakable "l" and 14, to United Kingdom represented by the emerging European bourgeois and new nobles through violence to evict peasants from the land, seizure of farmers and the public domain. They enclose and occupy of land grabbing, and became a private Ranch, Ranch. This is the history of the famous "enclosure movement". Today, the a-shareMarkets also appeared in a "campaign" to industrial capital through IPO, listing companies constantly reduction of refinancing, shareholders and other investors in the form of money, let them have more money. This is a share of "money." "Enclosure movement" development of the European economy, liberated productive forces, it made the "exploitation" is deeply rooted in the Western countries; "Campaign "enlarged industrial capital, gathered a new wealth, it made the" greed "abhor the language appropriate to the occasion a-share market. 1 · A share being kidnapped from the trend of recent months are clearly visible, the a-share market has been kidnapped. If no money, increase allows the market to rise up; once the circle has been money, reduction and IPO and let the market's inability to cope. A-shares were already inSo in one seamless road, a vicious circle. Kidnapping a share of this thread is a clear money were mixed. On April 18, 2011, huzhi peaking 3,067 points, at which point a-shares lost more inflation comes from abroad and European debt crisis. Market to focus on IPO's eyes and no more money. However, in the late rebound in July 2011,Market concerns began to be placed on top of a circle of money. On July 21, 2011, the founder securities (601,901, closed at $ 5.49) offering, ultimately raising money $ 5.85 billion. Subsequently, the great wall (601,633, closed at $ 11.14) return a-shares news disclosed by the media, China's hydropower (601,669, closing price 4.53 dollars) IPO has been implemented. In September, the great wall motor and China's hydropower market, respectively $ 3.955 billion and $. Irony is that when markets are denounce China's hydropower ring when the company confidently said in a notice to investors: if considered to be "money", you don't want to share. It is because the index does notBroken fall, but more of the IPO, in particular the IPO market share appears, causing panic in the market kill fell. The daily economic news reporter noted, longstanding thinking is: IPO offering speed, tend to represent the attitudes of decision-makers IPO keeps says policy makers recognized the current point, IPO slowdown even suspended the said policy makersThink fall too much. Decrease in the money panic stage ring "Hemostatic" comes from workers, farmers, held on October 10, 2011 meeting Jin Zeng, built the four rows. Under the Huijin holdings, markets have seen management of "concern", interpreted as positive is taken for granted can be gained. Then, the stock market has ushered in a wave of backlash. Rally in the course of the SFC's PalmPeople change, the market looked forward to the new securities and Futures Commission Guo Shuqing President can reverse "money" this matter, indeed at that stage, had originally been through or to proceed to Shaanxi coal shares, new China life insurance lost her voice. However, only 1.5 months ' time from the end, more than $ 90 billion financing centralized outs (see the daily economic news, November 19, 2011The securities weekly), the stock market is bound to return to the ring fell again. Phoenix Media tipping money questions now is weak, weak should have and weak in IPO issue price-earnings ratio that matches the city, which is the foundation of new stock issue reform. According to the original intention of the reform of new shares, played the role of new stock market pricing is market based on the current market valuations and plate, adjust the newUnit pricing. Now, however, the situation is, fried high price of new shares is easy, but it is difficult to reduce. On November 8, Dominion optical (002632, closing price of $ 26.18) 67.65 times times forward earnings release (after the release), this release earnings record highs since April 25 this year. On April 25, the gem was recorded in the new shares to China (300212, closing 37.01) issued in 68.76 times price-earnings ratio. If small stock high price issue as well as the small industry pricing, and other factors, Phoenix release will make for more media market for the uproar. On November 22, Phoenix media online purchase, purchase prices for 8.8 yuan per unit, corresponding to 2010 after the release of earnings 63.4 times. Although, some time ago the media unit height was promoted to a national strategy for culture promotion has been much-hyped, but the publishing industry and 60 times price-earnings ratio is hard for market acceptance. The daily economic news reporter noted that cultural days boat (300,148, closed at $ 26.49) is the highest earnings in the publishing industry, currently close to 70 times. However, the unit had previously within one month of 8 daily limit, up 120%, speculation that thick. And the unit is small caps, high shares of the number and market insight. After the release of Phoenix Media's total share capital of about 2.545 billion shares, calculated in accordance with price 8.8 yuan per unit, with a total market capitalisation of $ 22.4 billion yuan, will be the first media unit. At present, the media unit NakaichiMaximum media in the South (601,098, closed at $ 10.71), Chinese media (600,373, closed at $ 21.43) of less than 30 times times forward earnings. It is worth noting is that Phoenix media the latest issue of book funds of up to $ 2.7 billion, no shortage of operating and investment capital, which allows the company to issue a shares "money" is now questioned more。 Also make the market for industrial capital crazy money more abhorrent. Of course, the issue is money for more Phoenix media marketing tip of the iceberg. On Monday, the SFC website at once disclosed the initial prospectus of 7 companies such as Michael Jordan Sports (declare release). This thorough market rumors about the IPO suspension breaking. Also makes early stage companies on IPO will be notTo the market "good impression" swept away. 2 · Huijin, major shareholders to increase its stake cannot ring is a fact, money has become the main contradiction of a-shares of stagnation decrease. A-shares follow ups and downs of high and low peak trend is apparent, the market has more and more deeply aware of, industrial capital, through various means as money service. Hui Jin Zeng Xinhua life insuranceOn October 10, Hui Jin Zeng holds four rows. From the perspective of value investing, Hui Jin Zeng held bank stocks is definitely a smart decision. However, when the third Huijin overweight not brought twice before the explosive rise, markets have come to realize one of the "Maoni". Just before meeting Jin Zeng, news of the new China life insurance will issue a shares in markets abroad. Data show that the newChinese life's major shareholder is the Central Huijin. Although there is no evidence that the current holdings of Huijin is to escort to the issuance of new China life insurance, but undermines the effectiveness of Hui Jin Zeng. Admittedly, Hui Jin Zeng of subsidiary's IPO favor more or less, to increase its stake reduced to a circle of money "accomplices". According to the latest announcement, a number of major shareholders of listed companiesOverweight their own stocks to increase investor confidence, but the market has crashed a few hundred. Increasing exposure to why hard to overcome money Jin Zeng held before hand, many companies have begun to increase its stake in the major shareholders, but welcomed its stake in arriving but dozens of homes, dozens of companies ring the money or the reduction of. Holdings of shares causes of difficult enemies from three aspects. First, species less. If you ownedGold flowing into the secondary market are collectively referred to as good, the good seems to be only one form, that is overweight. Conversely, if the outflow of funds from the secondary market are collectively referred to as bad, the bad will have a variety of forms, such as IPO, refinancing, debt, and the reduction of cash, and so on. Second, few in number. IPO, according to the giant spirit statistics show, as of 1On January 24 this year, the a-share listing a total of 259 companies, total proceeds of about $ 290 billion. Refinancing this year a total of 12 stocks rights issue raised funds totaling some $ 36.5 billion; this year a total of about 166 stocks have implemented additional, raised funds totaling $ 300 billion. Bonds, convertible bonds issued this year total9, totaling nearly $ 43 billion. Corporate bonds issued by listed companies this year a total of 372, roughly the size of up to $ 565 billion. Reduction, according to Societe Generale securities statistics show that as of November 18, since this year, the industrial capital of its stake in the amount of 9.251 billion yuan. Reduction of industrial capital amounting to $ 63.649 billion. According toThese data, this year a total of 1.2345 trillion yuan of funds is the industrial capital ring walk and industrial capital have invested $ 9.251 billion yuan of funds only. More than 133 times far away times. Third is motivation. Wuxi IPO, refinancing, debt is to get more money for development. However, these developments and how much to give back to the shareholders ' of? WhileReduction of cash were naked for blood. Instead, its stake in the purpose of the more complex. In addition to meeting Jin Zeng's hood, and e-business a (000501, closed at $ 16.9) holdings of major shareholders are to outside equity fights, holdings of other shareholders, it is inevitable in the future do not face a reduction of profit. Money is money has become the principal contradiction of the a-share ring resistancePrincipal contradictions of market development. This week, the a-shares continued to fall, although the index was down narrow, but only on the financial support to the results, shares fell. From the perspective of foreign markets, outside of European debt crisis is not optimistic. However, the a-share markets influence has waned in Europe and it is an indisputable fact. On November 21, Europe and the collapse of the stock market, overnight a shares in the afternoonStronger decreased only slightly. From the perspective of the domestic market, October CPI data is fixed at 5.5%, this is the CPI dropped for three consecutive months. Inflation has been completely lost pressure; prices fell causing short term is unlikely to reverse, shuangguai point in China's economy has emerged. It is clear that economic level has been away from the influence of a-shares, affects the current a-shares the real bad has turnedMoving it there's no suspense, undisputed points to money! According to estimates, in the remaining 1.5 months, the a-share financing pressures facing $ 90 billion. This week, the pressure as the Phoenix Media release, nearly 20 issuance of corporate bonds, have been gradually released. In just 1 month in left, the market must not only be faced with more than 80 billion worth ofFinancial pressures, but also to face the end of institutional money account, back to blood pressure. Founder securities analyst Zhao Wei pointed out that, from the acts of Directors high and their associates, and underweight are still the main tone of the market, although the Board in Shenzhen and Shanghai, the modest increase in the number of overweight. But, taking into account the reporting period (18th November 14 ~11 month, the same below) Holdings CompanyEither this was overweight before, either overweight is not actually occurred during the reporting period, therefore, increased family significance of increase in the number of is not obvious. From the amount of increase or decrease, the net reduction of all key shareholders during the reporting period amounting to $ 4.428 billion, about 4 times a week earlier, from the perspective of history, often coming in net reduction increases to mean that the market rose during a periodFall, investors should be maintained at a later time caution. 3 · no money market shares have a proverb: "the bulls did not die, falling more than". Today, this statement should be: "more than money, falling more than". There is an argument that, if the current ring of bad practices are not reversed, the market will continue to fall, tested early 2,307 points at the bottom. Fried will struggleDr and body escape a shares had always been an "when a wall is about to collapse" of the rivers and lakes. In "money" becomes a share again at the main contradiction of, led the market strength of the pre-"fire" theme has also disappeared. First of all, culture unit did not show much of this week fell, but a horizontal adjustment and, secondly, of doing well in the early environmental protection, renewable energy stocks appeared to jumpWater and, finally, this week's market it is hard to find hot spots, not to mention the Conference to find a market hotspots. On Monday, school stocks rose appears, but then a few days, including the zhongtong bus (000957, closed at $ 7.46) was quickly back to the bus unit, prototype. These phenomena are reflected "fried" theme has come to an end, at leastIs temporarily difficult to restructure industry. As the market faced "fried" theme disappeared, as well as the industrial capital money happy, which will lead to institutional money ran away at the current point is on in even cut of meat. The daily economic news reporter under Exchange of publicly available information shows that recently ran away only holdings suffered bodies seat duolu. Shougang shares (000959, closed at $ 3.22), resumed after the disclosed restructuring plan, big kill in share price falls. One spy too many data show that institutions always taking up most of the seats sold list. Due to the suspension of shares in excess of before, which means that agencies are funding cut of meat. And, for example beiyinmei (002570, closed at $ 30.53), the unit on November 22nd suddenly daily limit. After-hours data show that sales department seat buying spree on the day, but there are three agencies sell top three seats occupied. From the perspective of institutional shareholdings, institutions was a clear cut meat Bay due to the United States. The daily economic news reporter noted that the current position on October 11 after meeting Jin Zeng huzhi-MarketWatch's point is very close to, it can't help but make people think in November11th, the stock market higher after the opening scenes of suffered body hit. A combination view, bodies meeting Jin Zeng, and money market, is not confident. Governance now, money is not shouting slogans, pre-huzhi distance of 2,307 points only at the bottom with less than 100 points once again tested the possibility of maximal. Recently, the harbour in the East of Shenzhen investment management limited liability companyLong but 斌 on Twitter says, "when eating at night, talked about investment. Benefited most of these years was like well-cranes, PE Fund. Is said to have been 500 SMEs wait listed, 50 million for a net profit of 30 times times PE every company raised $ 1.5 billion, to 750 billion. It is said that now there are at least 10,000 PE institutions, raise trillions star wars the old republic power leveling, offering many investment projects。 If the game continues, the most tragic is the secondary market investors. So, an estimated 2000 points couldn't keep! "In addition to concerns about money, but 斌 gem is the most vulnerable to money (including IPO, limited stocks) questioned the plate: 6000多 fell to 2,400 points on the surface is a bear market, but you look at the 2011 years ago 3Quarter, the gem of the release were 66.9 times times forward earnings, 44.18 times times and three times. Such a high price/earnings ratio bull market only for investors keen on gem should be in the Fiery bull market. In fact, money market, management is not without its "consciousness". November 18, the Commission launched six combination of regulatory measures, Saying it would promote the reunification of the bond system of rules and regulatory review, step by step change high price-earnings ratio shares, perfecting delisting system containing "shell resources" publicity stunt, launch the growth enterprise market of non-public debt, at the State Department continues crackdown on insider trading, deploying rectifications under all kinds of exchanges, initiatives such as, targeted at "money market". However, the direct effect of this initiative is critical strikeST stocks, also hit the broader market as a whole. Market did not read too much into the positive significance of this week's stock market is still not to force. However, there is a view, nature resolve a share of money through dividends, it is putting the cart before: because the money to the extreme, that led to less and less dividends. Too few dividends just one of many appearances, not moneyThe source and essence. Annual meeting of the medium-term money short term before the brokerage has held one after another in 2012 investment strategy analysis. Although historically, brokerage analysis for next year "failure than success," but this "rule" going year after year. The daily economic news reporter noted, many brokers will also be "money" as a judge in the coming year a heavyYou want to index. Such as CICC in the stock market under the economic restructuring and fine-tuning of policies article points out that the structural opportunities gripping shares "fundamental problems" is one of the "stock market expansion difficult to stop." Hou Zhenhai CICC analysts pointed out that, since 2008, the a-share index movements far weaker than the upside. But from another perspective, since 2008 a share streamGeneral market growth far beyond New York. Show different movements of the two a-share market equity flows faster than the supply was suppressed in the past 3 years the core factors of a-shares rose. Therefore, for an extended period of time in the future, the a-share supply growth still was one of the main risks facing the a-share. Market yields, CICC believes that new shares and reduction of the amount of secondary citiesProfit and loss. Free circulation market value of the current a-shares, in terms of the amount is the ratio, are in balance to normal levels, and there is no underestimated the level of 2005 and 2008. From August 2010, free circulation market value increases base entirely due to reduction of new shares and effect factors lifted shares, stock prices were mixed factors contributing to negative. GoldSecretary's formula is: share price change factor = existing-new shares in free float market capitalisation *M2 growth factors-reduction of lift ban on free float factor. According to the above equation, can be calculated that if the annual IPOs (including IPO issuance of rights issue) and release flow to decrease of over $ 1.3 trillion, secondary market will be faced with the overall loss. Thus, although seen from the line, MingYear's stock market is a high probability of Yang received, but this future Yang line height may also be restricted. It is worth noting is that from previous experience, annual meeting of the securities market will rally in the near future. Index of quotes not referring to the annual meeting here, but brokers promising varieties, is expected to short term break out. Guotai Junan 2012 strategy report notes that in 2012, China will usherA new round of growth mode transition, traditional capacity expansion are difficult to exceeding expectations, but under the current economic downturn, policies of necessity driven by the lack of a comprehensive, growth will be converted to internal structure. 2012 opportunities will be more emphasis on substantive, topics covered medium-sized companies, and attached to the large industrial production system services. Including real estate, securities,Chemical industry, media, medicine, and new industries, and so on. Ping an securities identified "OK blue-chip defensive, emerging industry attacks" policy. Avoided upstream cycle unit, focused on financial services, food and beverages, electrical equipment, such as deterministic blue chip; grasp the construction of energy saving and environmental protection equipment, nuclear, chemical materials, TMT soft recovery business (software, soft, soft services consumption) 's four biggest emergingIndustrial investment topics. Guotai Junan securities, is optimistic about the modern service sector structured investment opportunities swtor credits, modern services that benefit may include: cultural media, software, environmental protection, logistics and transportation, medical services, commercial circulation. (Daily news), total 7 pages Home Prev [1][2][3][4][5][6]7 gold-line statement: Gold-line reproduced above, does not indicate that confirm the description for investor use only and does not constitute investment advice. Investors a basis for action, at your own risk.