Why ridicule PetroChina's stock?

There is a joke called: "How much sadness can you have, just like PetroChina in Man Cang", which has become the epitome of China stock market plunging for one year in a row. On June 5, 2007, 165438+ PetroChina landed in A shares, and the highest price reached 48.62 yuan that day. The next day, it opened lower and went lower, and began a continuous decline of 12 months. On1October 4th, 2008, 165438+ China Petroleum closed at 10.35 yuan, with a cumulative decrease of nearly 80%. Almost all the people who bought the stock lost everything.

Some people say that if the shareholding system reform gave birth to the last unprecedented bull market, then the listing of PetroChina will become the "thickest rope" that stumbles this cow. It is foreseeable that as long as PetroChina has not bottomed out, the next bull market of A shares will be out of the question. Looking back on the history of PetroChina's listing for one year, we hope that some institutional problems exposed by PetroChina can arouse the reflection of all parties in the market, and some of them can be corrected to avoid similar phenomena in the future and truly establish a mature and fair institutional system.