Do more: buy before selling if there is no goods.
Short: if there is no goods, sell them first and then buy them.
Short stock market: you can follow the example of foreigners and specify some stocks that can be short. For small and medium-sized investors, the introduction of short-selling mechanisms such as stock index futures under current conditions can only mean an increase in risk. Short selling mechanism is a game of the strong. As a vulnerable group in the stock market, it is extremely vulnerable for small and medium-sized investors to participate in this dangerous game without the protection of laws and systems.
What is the short selling mechanism? In short, it is a trading system that benefits from the stock price decline, and the put warrants and stock index futures that will be launched soon have such functions.
Short-selling mechanism can avoid risks and become a tool for institutions to hedge when the market falls. This has long been verified by mature capital markets and is also the purpose of introducing them. However, it should be noted that the short-selling mechanism may become a tool for bookmakers to manipulate the market in addition to being a hedging tool.
In the market where you can only do more, you can make money by rising stock prices, and in the market where you can short, you can also make money by falling stock prices. It can be predicted that the birth of put warrants will profoundly change the current sitting mode of the securities market.
What do you mean? In other words, the stock price doesn't have to go up. Yin He Yi 'an Technology adopts the mode of sitting in the village, which is nothing more than whitewashing listed companies by means of inflated profits, asset restructuring and concocting concepts, so as to raise the stock price and ship at a high level. This method will be abandoned because the cost is too high and the risk is too great. Now that there are put warrants, traders can collect a large number of warrants, cooperate with listed companies to change their faces, suppress stock prices, and finally exercise at a high price to achieve profitability.
If this scene becomes a reality, the result will be that the bookmakers will be rampant and make more money by shorting; It will also be a huge loss to investors, because once a listed company is manipulated by a banker, it is not easy for the company to do well or do badly.
Some people want to say that since mature markets can play the hedging function of short-selling mechanism and reduce the occurrence of events in which bookmakers make profits by manipulating stock prices to fall, so can we.
However, it cannot be ignored that there is one biggest difference between mature markets and emerging markets-supervision. There is a big gap between emerging capital markets and mature capital markets from regulatory concepts to regulatory means, from punishment to error correction mechanism. The transfer of effective mechanisms from mature markets to emerging markets may not be effective, and may even lead to greater risks. The root cause lies in the blank of supervision.
It can be asserted that how to effectively supervise and protect the interests of ordinary investors after the short selling mechanism is launched is a huge problem that we need to solve urgently.
At present, discussions about the introduction of short-selling mechanisms such as stock index futures are all over the media. In these discussions, everyone pointed out with one voice the necessity, urgency and benefits to the market, but no one mentioned its negative effects. This is the consistent practice of our media. Well said, everyone praises it, but no negative opinions are heard. After the accident, there was a voice of accusation and shirking responsibility. In fact, this is a very irresponsible practice.
Short selling mechanism has positive significance and function to the stock market, but its negative influence can not be ignored. Especially for an emerging market with a short history, imperfect legal system, loopholes in rules and extremely asymmetric information, if its negative impact is not paid enough attention and effectively controlled, its lethality will be enough to destroy the whole market, trigger financial turmoil, undermine the stability of the situation and hinder the healthy development of China stock market. This is by no means alarmist. The history of overseas securities market development has repeatedly shown the huge negative effects of short selling mechanism.
Of course, we point out that the negative effects of short-selling mechanisms such as stock index futures are not to prevent them from being launched, but only to remind small and medium-sized investors that launching short-selling mechanisms under current conditions means and can only mean increased risks for small and medium-sized investors. Short selling mechanism is a game of the strong. As a vulnerable group in the stock market, small and medium-sized investors will easily participate in this dangerous game if they are not protected by strict and deterrent laws and systems. Because the short-selling mechanism is very risky for the bookmakers, but the temptation of profiteering is huge. Under the temptation of profiteering and poor supervision, they will do whatever it takes to spread more false information, do business more frequently, jointly manipulate prices and so on. Especially under the short-selling mechanism, stock indexes and stock prices will plummet frequently, which will make some groups and individuals gain huge profits and there will be real short positions in the market. For small and medium-sized investors who can only rely on the stock price increase, how can they have the ability to fight with short positions and win?
I believe that for the majority of small and medium-sized investors, there must be a vigilance and vigilance against the short-selling mechanism; As far as the regulatory authorities are concerned, we strongly appeal that we must be cautious when launching the short-selling mechanism, especially when introducing relevant laws and regulations, strengthening supervision and effectively protecting the legitimate rights and interests of small and medium-sized investors.