侃股：炒新性价比并不高

Core Insights - The initial public offering (IPO) of Aifenda experienced a decline of 4.36% on its first day, closing at 71.51 yuan despite a general market rally, indicating significant losses for speculative investors [1] - The slowdown in new stock issuance has led to increased scarcity, resulting in exaggerated price surges on debut days, which do not reflect the true value or long-term growth potential of the companies [1][2] - Investors are advised to wait for stock prices to stabilize before considering investments, as this approach reduces risk and aligns prices more closely with intrinsic value [2] Market Dynamics - The rapid issuance of new stocks affects market supply and demand, leading to speculative bubbles that are driven by short-term market sentiment rather than fundamental company performance [1] - The volatility of newly listed stocks poses a significant risk, as prices can quickly revert to more realistic levels once market enthusiasm wanes [1][2] Investment Strategy - A rational investment strategy involves focusing on the fundamentals and long-term potential of companies rather than engaging in speculative trading of new stocks [2] - The psychological costs associated with participating in new stock speculation are high, as investors often buy at inflated prices and sell at losses due to market fluctuations [2][3] - The likelihood of success in new stock speculation is low, and the potential profits do not adequately compensate for the associated risks, suggesting that investors should avoid such strategies [3]