Core Viewpoint - The stock of a newly listed company, which is labeled as a "technology concept" stock, experienced a significant drop from 99 to 73 within six days of its listing, leading to a loss of 32% for investors who bought in at higher prices. The company's price-to-earnings (P/E) ratio reached 130, far exceeding the industry average of 70, indicating a potential bubble in its valuation [1][3][4]. Group 1 - The stock price surged by 462% on its first day, closing with a 397.6% increase, but investors who chased the high were already down 15% by the end of the day due to high trading volume and turnover rate [2][3]. - The stock's price fluctuated significantly in the following days, with a notable drop of 6.76% on the third day and a brief 12% rebound on the fourth day, before closing at 81 on the fifth day, indicating manipulation by major shareholders [3][4]. - The current stock price of 73 is higher than that of industry leaders, with a P/E ratio of 130, which raises concerns about the sustainability of its valuation given the lack of proven earnings [3][6]. Group 2 - The phenomenon of "炒新" (speculation on new stocks) in the A-share market often leads to high volatility, with a 70% probability of decline in stocks that have a turnover rate exceeding 80% on their first day [4][6]. - Retail investors tend to fall for the allure of "concept stocks," driven by greed and a lack of understanding of fundamental analysis, which can lead to significant losses [6]. - The company operates in the circuit board sector, which has low technical barriers and intense competition, questioning the justification for its inflated P/E ratio compared to more stable companies [6].
劲爆！上市6天突闪崩跌停，抄底资金亏32%，概念成大陷阱！