Sinopac Co., Ltd. had a wildly dramatic first day after listing: the stock surged 683.29% at the close, with trading volume of 2.339 billion yuan and a turnover rate as high as 90.03%—almost churning through nearly all freely tradable shares. The post-close Dragon and Tiger List is even more thought-provoking: two institutional seats net bought 107 million yuan, while another institution net sold 87.895 million yuan. On the one hand they’re grabbing shares, on the other they’re distributing—bulls and bears even collide on the same board. For a new stock, such extreme turnover on day one often signals that sentiment has reached a tipping point of peak euphoria: afterward it may either keep being driven by incoming capital, or mark the end of the “bag-holding game.” Watch the show if you like, but if you really plan to enter the game, figure out whether you’re catching a flying knife or a bouquet. For new listings, on day one there’s no valuation anchor—price is pure sentiment projection. The Dragon and Tiger List is only a snapshot of that day; don’t treat it as tomorrow’s script.#AI股持续上涨还有哪些投资机会 $MUBARAK
