Core Viewpoint - The recent surge in trading activity in the A-share market has led to speculative trading in risk-warning stocks, particularly *ST Suwu, which has shown significant price volatility and raised concerns about trading risks [1][2][5] Group 1: Stock Performance and Trading Risks - *ST Suwu's stock price has experienced a significant increase, with a trading volume spike and a turnover rate of 20.93% on August 27, indicating abnormal trading behavior [2] - The company has been under scrutiny for potential violations, including inflated revenue and profit figures, which could lead to forced delisting [2][3] - Other stocks, such as *ST Guangdao, have also shown extreme price fluctuations, with a cumulative price increase of 42.14% over two days, prompting regulatory investigations [3] Group 2: Regulatory Actions and Market Behavior - The North Exchange has taken disciplinary actions against accounts involved in the speculative trading of *ST Suwu, highlighting the serious nature of the trading activities [4] - The phenomenon of "炒小炒差" (speculating on small and poor-performing stocks) is re-emerging, with investors often disregarding the underlying risks associated with such stocks [5][6] Group 3: Investor Sentiment and Market Dynamics - There is a growing trend among investors to view low-priced stocks as opportunities, despite the significant risks associated with ST stocks, which have seen their "shell value" diminish due to regulatory reforms [6] - Analysts warn that the speculative nature of ST stock trading can lead to severe financial consequences for investors, emphasizing the need for a return to value-based investing [6]