On the phone, Yuan Sheng and Zhang Sheng made an agreement: After lunch, the two families would set out to walk the greenway in Pengcheng. Pengcheng is a city under Guangdong Province. There are many greenways in Guangdong Province, which are especially convenient for national fitness...
At 12:30, at the entrance of Meishan Reservoir, two families gathered together and walked slowly on the greenway...
Zhang Sheng: "I heard that you had a waterloo on Jianfan?"
Yuansheng: "Yes."
Yuansheng recalled the past five years ago. On August 2, 2016, on the eve of Jianfan’s listing, the media reported that the famous private equity CEO was optimistic about Jianfan...
The media also listed Jianfan’s four shining points:
1. The leader in the hemoperfusion industry.
2. Hemoperfusion is one of the fastest growing sub-industries in the field of blood purification, with a market size of tens of billions.
3. Domestic enterprises dominate the market, and the company is the absolute leader in the industry.
4. Move towards a professional and globalized blood purification industry group.
Against the background of unanimous optimism from many media, Jianfan rose by 18 daily limits in one breath, and only opened it at the 18th daily limit, allowing retail investors to buy. On the day when the daily limit was opened, the opening price was 78.65 yuan, the lowest was 75.20 yuan, and the closing price was 78.65 yuan. It continued to close at the daily limit, and Yuansheng and his friends bought.
On the second day after opening the daily limit, Jianfan opened 1.72% higher, shot up to 82.68 yuan and then fell back to close at 75.93 yuan, down 3.46%. Yuan Sheng habitually reduced its position when it reached 82.68 yuan, lowering the cost a bit.
On the third day, Jianfan opened 3.86% lower, with an opening price of 73 yuan and a closing price of 69.65 yuan, down 8.27%. On this day, Yuansheng stopped the loss and sold Jianfan, and told his friends: Either stop the loss decisively, or switch to a medium and long-term position, ranging from 1 to 5 years.
At that time, all my friends chose to stick to the medium and long term. However, as Jianfan continued to fall, N friends could no longer stand it and stopped their losses and sold... In the end, Jianfan fell to 2017. It really hit the bottom when it hit 26 yuan on August 2, which was even worse than being cut in half! Only one friend waited until he got out of the trap and made money before selling.
After a long period of sideways trading, Jianfan slowly rose, and it did not reach 199 yuan (resumption price) until May 21, 2021. If the opening price on the first day is 78.65 yuan, it will increase by 153% to 199 yuan, which will take more than 4 years. This is not a good business. If after bottoming out at 26 yuan, we fight back and hold on to 199 yuan, it will take more than 3 years and increase by 665%. This is a good business!
For Yuan Sheng, Jianfan is his Waterloo, letting him know what kind of popular stocks need to be avoided. Waiting until it has fallen enough or completely before buying it will make it easier to succeed.
After hearing this story, Zhang Sheng felt deeply: It is really not easy to speculate in stocks well!
Yuan Sheng nodded in agreement: "Yes, Jianfan's trend has once again confirmed the stock market's famous saying------A hot market will kill you!"
Yuan Sheng and Zhang Sheng were walking and chatting. Two little beasts were walking in front of them. Two ladies were watching. The two grown men were at leisure and continued to chat about the stock market...
There are chairs at regular intervals on the greenway in Pengshi, and there are scenic spots along the way. The two little beasts had a great time... Stopping and walking, they walked for more than 5 hours. A group of 6 people finally reached the Changban subway station at the end of the greenway, and finally chose to take the subway home...
