In the most recent period, the white horse stock flash crash has become a sight in the A-share market. A group of white horse stocks have joined the flash crash industry one after another, and the market ridicule is that “kill one white horse stock a day”.
The flash crash of the White Horse Stock Market is cause for concern. However, behind the white horse stock flash crash, there is also a phenomenon that has attracted the attention of the market, and that is the phenomenon of foreseeers in the market. For example, Beinmate, although stimulated by the public opinion of the “multiple births” policy, it has emerged from a three-linked sharp rise from April 15th, but on April 12th, the stock also joined the ranks of the flash crash. The stock plunged 9.86%. However, Beinmate’s performance change announcement was only released on the evening of April 12, and its 2020 performance has changed from a pre-profit of over 50 million to a huge loss of over 300 million. This means that before the announcement of Beinmate’s face change, there are foresighters who ran away from Beinmate’s stock. For this reason, some investors even reported to the Shenzhen Stock Exchange.
A similar situation also happened to the health of Meinian, the first unit of physical examination. On the evening of April 12, Meinian Health released the “First Quarter 2021 Performance Forecast”, announcing a loss of 380 million to 430 million yuan in the first quarter. Prior to this, Meinian Health’s stock price had already seen a 6-day losing streak, especially on April 6th and 7, when Meinian Health’s stock price fell to a limit. This also means that investors in Meinian’s health stocks also have foresight.
Foresight is a kind of singular function. People with this kind of singular function are certainly talents. From the country’s perspective, they need to be protected and used in order to serve the country. As for whether there are such prophets in the stock market, this is a question mark. For one thing, using the bizarre function of foresight in the stock market is an overkill. Secondly, most of the so-called foresighters in the stock market are actually suspected of breaking laws and regulations. For example, internal information leakage at the level of listed companies, or insider trading activities involving investors, etc. In fact, as far as the foresighters in the stock market are concerned, the suspicion of violations involved should be greater.
For this reason, it is necessary for the regulatory authorities to investigate the foresighters in the market. After all, this kind of foresight behavior violates the principle of fairness for investors in the secondary market, and even disrupts the normal order of transactions. Foresighters can know the internal news of listed companies in advance, which is equivalent to putting their cards in their hands, which also means putting themselves in an invincible situation. In the face of such a prophet, other investors simply can’t play anymore. Other investors have only one way to lose money except to follow the pace of the prophet. For other investors, this is of course a violation of the “three fairs” principle.
And more importantly, the foresighters in the stock market are more involved in information leakage or insider trading behavior of listed companies, which is suspected of violation of laws and regulations. Once convicted, they need to be punished in accordance with the law. For example, if insider trading is involved, not only the illegal income must be confiscated, but also a fine of more than one time and less than ten times the illegal income. In addition, according to the Criminal Law, if the circumstances are serious, they shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and a fine of one to five times the illegal gains shall be concurrently or individually imposed; if the circumstances are particularly serious, they shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years. A fine of more than one time but not more than five times the illegal gains shall also be imposed. Therefore, the foresight behavior in the market must not be condoned, and if it constitutes an illegal crime, it must be investigated for legal responsibility in accordance with the law. Therefore, it is indeed necessary to check for the foreseeers in the market.
Of course, if it is really found out that certain prophets in the stock market are indeed people with singular abilities, then such people with singular abilities can also be recommended to the relevant state departments and let them serve the country. This is for the country. It is also a great contribution. Therefore, it is necessary to check for the foreseeers in the stock market. What’s more, foresighters in the stock market are more likely to violate laws and regulations. From the perspective of strengthening stock market supervision and “zero tolerance” for violations of laws and regulations, such foresighters cannot be allowed to go unpunished. This is also a need to regulate the information disclosure of listed companies, crack down on insider trading, and protect the legitimate rights and interests of investors.
Therefore, for the current A-share market, the white horse stock flash crash is a normal market phenomenon or a normal market behavior. However, the emergence of the foresighters who flashed behind the white horse stock flash crash is abnormal and deserves the market’s attention, and it is also worth checking by regulators. I believe that every inspection of the foresight by the supervisor will be different, and there will be different discoveries.
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