The short-term rise is 300%, and the purchase of major assets will be stopped at the limit, and the prying board will be cut off by chasing highs!

In fact, Shanghai Electric's limit down payment today has little to do with the termination of major asset purchases, but due to too much short-term increase and the termination of purchases, the stock opened at the limit down payment.

This major asset acquisition has been going on for 9 years, with a long span, and most investors have forgotten about this.

This round of increase is not because of this major asset acquisition. On October 31, 2016, the company disclosed the major asset purchase. Because it was purchased overseas assets, the process was relatively complicated. After 9 years, it was finally decided to terminate the asset purchase.

This round of Shanghai Electric Power started to rise from 8 yuan in April, and reached yesterday's high of 24.10, a short-term increase of 300%. The stock price also hit a ten-year high, the previous high of 33.34 in May 2015, and then it fell to 5.07 before stabilizing and rebounding, but the rebound between them was not strong.

The market in 2021 rose to 16.17, and after three years of decline, the low last year fell to 6.5. The stock price started in April this year and only tripled the recent high. It only rose by 5 trading days between the daily limit, but there were a lot of small and medium positives, so it only rose so much in the short term.

The original trend is upward, and the market is also good. Many investors thought that this round of market would be ahead of schedule, but they did not expect that the sudden termination of major asset purchases made the stock hit the limit.

After the limit down today, there were unsatisfactory funds to pry the board. The stock price hit the limit up for two minutes and also pulled up four points. However, due to the increase in the past four months, it soon hit the limit down again. It never opened during the session, and the limit down order also increased from 100,000 to 400,000.

Only two minutes after opening the limit down, the trading volume reached 1.6 billion. Those who were not convinced now accept it, and it has risen three times. If there is no negative impact, the stock may fall or fall down at any time. Too much retracement can be found.

Shanghai Electric Power's stock price is still 20.79 after the limit down, and it is still at a high level. Yesterday, the one who chased the high level was taken down by a single shot today. The limit down is so decisive and at a new high level, there is still the risk of continuing to fall, so investors should participate carefully.

The company currently has 144,000 shareholders, a year-on-year decrease of 1.08%. Even if the stock price is at a high level, only a few investors have taken the profit out. If they do not place orders in advance today, it will be difficult to get out. Now nearly 400,000 yuan is closed down the limit, and even if they place orders, they cannot get out.

Although the company has good profits, its stock price is too high, and it has been terminated due to major asset purchases, and the market trend has been downward! The stock market is risky, so you should be cautious when investing. The above is only personal opinion and no investment advice is made!