The fishing line boat method originated in Taiwan Province Province. The principle is to raise the stock price to a high level first, and then push it up steadily by cross-knocking to enhance the buyer's desire to enter the market. However, because it is a T+ 1 trading system, short selling is not allowed, and investors cannot sell it on the same day after buying it. When the bargain-hunting has accumulated enough, the main force will withdraw all its purchases and abort all the purchases. Subsequently, the stock price will rebound and attract buying again. Typical stocks in history are * ST Tunhe, Textile City, Qinling Cement, Zhongke Sanhuan, Double-sided Needle, Jiangsu Wuzhong and so on.
Fishing for shipment is an obvious stock price manipulation, but due to the lack of legal basis in China, it is impossible to effectively punish evil traders. This market-making technique has a very bad influence, and investors who are trapped in it often can't solve the problem for several years. The most terrible thing is that once this shipping method is successfully implemented, it will often attract other Zhuangzi stocks to follow suit, greatly increasing the market risk. Experts in the industry suggest that the management should strengthen the monitoring of the secondary market, and promptly and decisively suspend the trading of stocks with obvious manipulation marks, so as to maintain the normal market operation order. Normal trading is understandable, but deliberately harming the interests of small and medium-sized investors by using the characteristics of the trading mechanism has seriously violated the spirit of Article 9. It is very important to improve the legal system and implement Article 9 as soon as possible, and greatly increase the illegal cost of illegal transactions to protect small and medium investors.
At the end of 10 five years ago, the stock of Laozi and Zhuangzi in Wuzhong, Jiangsu Province walked out of the slow climbing form before 10, but by 10, the stock suddenly went down and quickly hit the daily limit position. Morphologically, this pattern resembles the shape of fishing, so it is called fishing line transportation.
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List of famous fishing cases:
* ST Tunhe: the originator of fishing line shipment in the A-share market. As early as1March 1998, * ST Tunhe (then called Xinjiang Tunhe) stepped out of the fishing line trend, and its share price fell from 15.04 yuan to 9.53 yuan in less than a month. Later, due to the poor shipping effect, its share price was pulled up again and hit a new high, and finally became famous in World War I.
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Zhongke Sanhuan: In February 2004, the share price trend of Zhongke Sanhuan changed. At the beginning of the opening, the limit was sealed with huge selling. Later, millions of shares suddenly appeared in the session, which suddenly attracted the attention of short-term customers. The sale was robbed in a few minutes. After the limit was opened, the stock price rose slowly, and soon a new sell order hit the stock price to the limit, forming a fishing line trend and achieving the purpose of shipping.
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Double-sided needle: In June this year 13, the double-sided needle began to show the trend of fishing line, and the dealer completed the shipment two days later. In a month's time, the decline was nearly half, and investors who bought on the fishing line had no chance to untie it. The meat cutting plate behind the fishing line gushed out, causing the stock price to fall further. This is the scariest part of the fishing line. It is foreseeable that this stock will be used for a long time.
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Textile City:1998165438+1October, textile city is a famous bull stock in the market. After a continuous surge, it started from1998165438+10/0/7, and finally closed at the daily limit or near the daily limit.
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Qinling cement: the most typical case of fishing line shipment. From September, 2004 14, a day fishing line appeared. The stock went out of the fishing line in 8 days and fell in 2 days. Judging from its trend, it shows a zigzag trend in the intraday trading, and its lethality is far more terrible than the continuous plunge. At that time, the share price fell from near 9 yuan to near 5 yuan. Today, its share price is only 1.67 yuan.