What is the meaning of "empty kill empty" and "more kill more" in the stock market?
1、 What is empty killing?
The so-called "short kill" refers to that some people think that the stock price will fall at a very approximate rate, so they grab the short hat after the opening of the day, but the stock price on that day did not go according to their expectation, the stock price did not fall or rose on the same day, so at the end of the day, these short sellers repented and began to buy, so that the stock price would appear in the end A substantial rise, this is empty kill empty.
As for those short sellers in the market, because they thought that the stock price might fall by a large margin, they borrowed the stocks from the securities dealers and sold them. They hoped that they could buy them back after the stock price fell sharply on the same day, so as to earn the price difference of the day. However, the stock price did not drop as much as they expected. At the end of the day, the stock price kept hesitating When those short sellers saw that the stock price had fallen hopelessly, they began to buy stocks. As a result, the buying power in the market suddenly strengthened, resulting in the shortage of stock supply, and the stock price naturally began to rise substantially. Therefore, the short sellers performed.
Short selling belongs to a kind of securities lending behavior, that is, short sellers themselves do not hold stocks, but estimate that the stock price will fall sharply, so as to pay margin at the securities dealers to borrow stocks to sell. If the stock price falls sharply on the same day, the stocks borrowed and sold will surely depreciate. Short sellers can buy back the same number of shares at a low price after the big fall, and the price difference among them is them The profit of. That's how and how to short.
2、 What is the meaning of killing more?
In the stock market, there are long and short positions. Long is the part who is optimistic about the stock prospect and firmly holds the stock, while the short is the local person who is not optimistic about the stock prospect and sells the stock. When the Bulls all think that the stock price will rise on the same day, the stock price does not rise after buying the stock. Therefore, before the end of the trading on the same day, the stock price does not rise Out of the stock, this kind of buying after the stock price did not rise and sell immediately is known as more kill more.
The common short-term operation is that some people actively buy stocks because they expect the stock price to rise sharply on the same day or recently. However, the development of the market really goes against him. The stock price does not show the substantial increase that I expect, and even may fall. As a result, these bulls have no way to make profits through high sales, so they start to sell before the end of the day Out of my stock, so that at the end of the day caused a substantial decline in the share price.
That is to say, kill more is the market's long backhand to short. This is also evident in institutional investors. Let's take the fund as an example, because the fund can be regarded as a typical bull force among institutional investors.
As China's securities market has only been developed for only 30 years, it is still in the immature stage. Therefore, in the listed companies in China, the number of high-quality companies is not too many, which will lead to some large institutions such as funds to put most of the funds on the stocks of a few high-quality companies, so it leads to the lack of fund center assets, so many funds are They are concentrated in a small number of high-quality stocks, but high-quality stocks do not mean that they can continue to be high-quality in the future. When the fundamental situation of the stock deteriorates, the fund will not be able to withdraw for a while due to the large amount of capital, which will lead to mutual game between funds and then lead to market turmoil.
In addition, when the degree of valuation is not too certain, those stocks with high stock price and more profits will become the first target of fund selling. Once the fund stops selling in large area, even if there are retail investors to take over these stocks, the strength of retail investors is far from comparable to that of funds. Therefore, if the fund sells more and buys less, it will lead to a substantial decline in the stock price. That's what institutions do.
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