Chapter 216 Did I get on the wrong boat?
"Do you want to buy some?" Xiao Bo smiled proudly at Lao Liu.
Old Liu looked at his green holdings, then at Xiao Bo's red holdings, feeling somewhat indignant. He said, "Buy. If you don't buy, you're a dog. I won't let go until the leader doubles!"
After saying that, he turned and left.
No matter what people say or what people argue about, you cannot act on impulse when trading stocks.
Lao Liu is also an old stock investor and has heard of these strong cyclical stocks a long time ago. He had watched coal stocks go against the trend and strengthen for three whole years. He watched Shaanxi Coal Industry and China Shenhua climb up little by little and eventually more than doubled.
I really feel regretful.
So, this time when I saw that non-ferrous metal stocks continued to strengthen against the trend, it was really a new hatred added to the old one, which suddenly brought back my regrets. I made up my mind to seize this opportunity.
He first calmed down and quickly searched on Xueqiu.com for several posts by influential Vs about strong cyclical stocks. He then focused on reading the hot posts about popular stocks such as Luoyang Molybdenum, Aluminum Corporation of China, Zijin Mining, and Western Mining...
After all the busy work, he didn't even have lunch, but he felt that he had gained something.
As soon as the midday market opened, he immediately bought 10% of Luoyang Molybdenum, worth 20,000 yuan, and thought to himself:
"Luoyang Molybdenum is the new leader, with impressive technical indicators. More importantly, its 2023 annual report shows a significant year-on-year increase in performance, and it still has over 10 billion yuan in inventory on its books—all of that is profit! If all that inventory is shipped out, won't its quarterly report explode?! And won't its stock price skyrocket?"
"If I buy now, even if the cost is a little higher, I won't be trapped. As long as I hold on for more than a month and wait for the first quarter report to come out, I can make at least 50%!"
"Besides, I only have a 10% position, or 20,000 yuan. If I lose, I'll just take it as a lesson. If I win, it'll be like buying a real dragon!"
After thinking it over again and again, Lao Liu was very satisfied with his work and began to browse the information on the market calmly.
Oh, the RMB exchange rate has gone up again. The offshore RMB has broken through 7.24, rising by more than 350 points during the day.
Hey, Austrian pork meets the requirements and can be imported.
Hey, lithium carbonate futures plummeted 5% to more than 100,000 yuan per ton. Zijin Mining said that in five years, Zijin may become the world's largest lithium carbonate producer.
…
A few meters away, Xiao Bo looked at his holdings, also silent and thought:
"Isn't Luoyang Molybdenum's stock price rising too fast?! It's already gone up over 50% in just over three months this year. Should I sell some?"
"The reason it's soaring is because the just-released annual report shows not only a significant increase in performance last year, but also 18 billion worth of copper and cobalt ore in the warehouse. This is all profit..."
"But, on the other hand, this is precisely why it's skyrocketed recently. Its current performance is already reflected in the stock price, and all the funds that should have been invested have already been invested. With such a large market cap, it's time for adjustments!"
"Yes, I will reduce my position by 10% first and lock in my profits. If the price goes up in the future, I still have the position. If it goes down in the future, then my judgment is correct, isn't it?"
Thinking of this, Xiao Bo opened his mobile phone and with a light click, he reduced his position by 10%, and his account balance increased by more than 30,000 yuan.
Just when everyone thought the market was going to go north.
At 13:10, the market situation suddenly changed.
The Shanghai Composite Index continued to fall without looking back, directly falling to 3035 points. After a slight correction, it continued to fall to 3026.31 points, just a stone's throw away from 3000 points.
The battle to defend 3,000 points is about to start again.
The ChiNext Index was even worse, plummeting 1.91% and closing the third consecutive daily K-line.
The trading volume of the two markets once again exceeded one trillion yuan.
During the session, theme stocks fell across the board, with AI and semiconductors leading the decline. CITIC Securities opened low and fell throughout the day, plunging 4.88%. Only non-ferrous metals, kerosene and other sectors rose against the trend, and the oil shipping sector rose against the trend after lunch, with several stocks setting recent highs.
Old Liu had just invested 10% of his position when he was killed off by several points. He couldn't help but curse under his breath: "MD, you bastard, the main force, you only need this 10% of your position?"
"Alas, it's my fate to be a small investor all my life. I get trapped as soon as I buy, and I miss out as soon as I sell..."
"No, I have to cheer up and study the non-ferrous metals sector carefully..."
Almost in an instant, several thoughts flashed through Lao Liu's mind. He immediately turned down the evening drinking party, went home directly, and began to cram his knowledge about non-ferrous metals.
The more I make up for it, the more I feel that I lack understanding. The more I feel that I lack understanding, the more I need to continue to make up for it.
Before I knew it, it was late at night.
His wife glanced at his slightly hunched figure and sighed secretly.
Xiao Bo sold 10% of his position, and saw the market begin to plummet in the afternoon. He felt both relieved and worried, thinking to himself:
"Luckily I sold a little. Maybe this is the high point. Oh, I really shouldn't have sold more..."
After half a quarter of an hour, he looked at the K-line chart of the Shanghai Composite Index and sighed in his heart:
"Oh my, the market won't fall like this... Oh my... Should I sell some more?"
After thinking it over, I still can't make up my mind.
After some hesitation, Xiao Bo returned home, ate his dinner without any appetite, went into the study, and continued to study the stock market.
The more I study, the more I feel that I haven’t studied enough before. The more I feel that I haven’t studied enough before, the more I need to continue studying.
Before I knew it, it was late at night.
Old Chen looked at the China Heavy Industry Corporation that he had just bought a few days ago. After playing with it for two days at one cent, it suddenly started to plummet. Today it directly dropped by 1.96%. Looking at its K-line chart again, it turned out that it had unknowingly entered a breakout and large-volume decline mode.
"Did I get on the wrong boat?"
Old Chen's heart tightened, his brows furrowed, and he remained silent for a long time.
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