The gradual rise of large-cap stocks is more conducive to attracting group funds to join the alliance. With a place suitable for large funds, the excessive share price of small-cap stocks will be suppressed. This investment structure is also the essence of management's painstaking efforts, and it is also the new pattern of China stock market. From 65438 to 0997, a large number of new shares were issued, most of which were national pillar enterprises with performance and potential. Therefore, the revitalization of large-cap stocks is the need of market development. \ x0d \ x0d \ Small-cap stocks are relative. From the trend, small-cap stocks will gradually transition to large-cap stocks, but the unique advantages of small-cap stocks are obvious at a certain stage, and sometimes they can even control the market. This is an extension of small-cap stocks. What are small-cap stocks and large-cap stocks? It can be estimated like this. China has 20 million shareholders, with nearly 65,438+0,000 shares. If everyone cares about 10 stocks on average, then each stock has an average of 200,000 people. In statistics, if the statistical samples are normally distributed, about 70% of the samples are within the range of the positive and negative variance of the distribution peak, and the number of samples higher than the variance is about 16%, about 15%. Can be used as a boundary, the stock is so small that only the former 15% people participate in small-cap stocks. Then 65,438+05% of the 200,000 shares is 30,000 shares. Based on the fact that the average shareholding of most shareholders in China stock market is generally less than 65,438+0,000 shares, it is 30 million shares. Therefore, the standard mid-cap is about 30 million shares, which can be roughly estimated as 20-50 million, with small-cap stocks below 20 million and large-cap stocks above 50 million. Similarly, the standard of super-large-cap stocks should be able to supply more than 85% of people, and 85% of the 200,000 shares are 65.438+700 million shares, which is estimated to be 65.438+700 million shares. Some stocks are relaxed to more than 200 million shares, that is, more than 200 million plates in China stock market are super-large-cap stocks, and the pricing will be obviously low. Of course, with the development of China stock market in the future, the parameters used in the above estimation will change, and the concepts of small-cap stocks and super-large-cap stocks will also change. \x0d\ Under the same performance, the small circulation limits the scope of participants. For two stocks with the same performance, the large-cap stocks are priced low, so people with low psychological pricing of demand distribution can buy them, while the small-cap stocks are priced high, and only those who are willing to accept higher prices can buy them. This makes the groups of participants slightly different, thus affecting the characteristics of stock trends. \x0d\ For stocks with the same market value, the scope of participants is limited. Stock market transactions are based on "hands". The higher the stock price, the more expensive the price per lot, which will limit the scope of participants. In extreme cases, such as Berkshire controlled by Buffett in the American stock market, the stock price is as high as tens of thousands of dollars, which only the rich can afford. On the China stock market, there are also many retail investors who prefer stocks below 10 yuan instead of buying more expensive stocks above 20 yuan, because they have less funds and buy too few expensive stocks. \x0d\ The size of the plate also affects the liquidity of the stock. Stocks with the same market value have large plates, many hands and low unit price, which are equivalent to fine particles in circulation and have better liquidity; If the unit price is high, the plate is small, the particles are large but few, and the liquidity is reduced. Generally speaking, large liquidity and many participants will increase the difficulty of manipulating the market and reduce the artificial traces in the trend. The more natural the trend, the more stable it will be. Small liquidity leads to great human influence, and the more prone to ups and downs and jumping trends. Therefore, large-cap stocks are easy to take an arc reversal, and small-cap stocks are easy to take a V reversal; Large-cap stocks should consider the influence of group psychodynamics more when analyzing their trends, while small-cap stocks should consider the influence of human factors more. \x0d\ Small-cap stocks are easy to control, but large-cap stocks are difficult to control. The so-called market control means that the banker enters and exits with a sum of money in the form of short-term speculation, and his trading is balanced. Only by grasping the rhythm of trading can he influence and control the stock price. Therefore, the difficulty of controlling the disk depends on the absolute size of the unlocked chip left outside. There are more unlocked chips, more people will participate, more people will have more ideas, and it will be difficult to control the disk. This is the same reason that any activity is more difficult to organize. Reducing the size of peripheral chips by locking chips can make the plate easier to control, but even if it is done, there will still be many stocks in large-cap stocks that are difficult to control. For example, for a 65438+ billion-share plate, the dealer has locked 70% of the chips, but there are still 30 million unlocked shares outside. The other dish was only100000 when it was born. Even if you don't lock the chips, the size of the chips outside is smaller than the former, and the difficulty of controlling the disk is lower than that after the former locks 70%. If this stock is also locked at 70%, there are only 3 million shares left outside. If the average number of hands per person is 10, then only 3000 people will participate. If 10% people participate in the transaction every day, then only 300 people participate, which is quite easy to control. It is obviously impossible for the previous stocks to lock 97% chips to reach the same level. \x0d\ Large-cap stocks are difficult to control and can only be speculated; Small-cap stocks can be absolutely controlled and suitable for doing. Speculation is short speculation, don't lock too many chips, don't speculate too high. With popularity, you can let go when you pull it up, and wave after wave of rhythmic hype, similar to the hype of junk stocks. What we do is to find out the value, collect a large number of chips in the low position, lock them, achieve absolute control, and pull them to a higher position for shipment. Therefore, small-cap blue-chip stocks can be all-in-one, and large-cap blue-chip stocks can only be speculated in waves, no matter how good their performance is, even if they can finally enter the long-term upward channel. By analyzing their trends, we can clearly see the rhythm of the banker's entry and exit, and feel the power of the plate vibration. Without power, it is impossible to float upwards. So small size and excellent performance are linked. Under the same performance, small-cap factors will make the trend more inclined to typical blue-chip stocks, while large-cap factors will make the trend more inclined to junk stocks. \x0d\ Bankers lock in a large number of chips, and there are few chips circulating in the market, so large and medium-sized stocks can temporarily become small-sized stocks. If there are institutions with less funds or large households with more funds, they can succeed in the short term at this time. However, this "small-cap stock" is only formed in an instant by the market, and it will not work if the situation changes slightly. Moreover, if the big banker locks a lot of chips behind this stock, just like "mantis catches cicada, yellowbird comes behind", the big banker may take care of you at any time. Therefore, it can only be done when the dealer can't sell it, and it will only have this opportunity if it is oversold. When the oversold falls below -20, that is, short-term customers have lost 20%, the chips are locked on it at this time, and the dealer is not afraid to continue to suppress it. If he suppresses, no one will follow suit, but his chips may not be recovered. At this point, the temporary Xiaozhuang suddenly helped him control the plate and grabbed a few shrimps from his mouth. There was nothing he could do.