Chapter 611: Wave 2 (2)
"That's what I'm saying, I also thought that the news would have a good boost to asset prices, but I didn't expect it to be such a result now. ”
"I don't think it's supposed to be the norm. If you think about it, the current copper price below 30,000 yuan was only seen four or five years ago. At this time and that time, it is certainly impossible for the current low price to continue for a long time. If nothing else, this situation is not normal from the perspective of the cost of the non-ferrous metal industry. Li Xin said.
"Alas, we think the same way, if I hadn't thought so, I would have auctioned off those assets of the Southern Group at the market price. But the question is, when will the price of copper fall like this?"
In the following trading days, copper prices continued to weaken downward, and the stock market also maintained a downward correction. By November 25, the lowest point of the broader market index had fallen to 1858 points, which was just one step away from the 20 moving average at 1852 points.
Liugong Machinery's share price closed at 10.69 yuan on this day, down 7.69%, and the lowest point of 10.12 yuan is only a line away from the 20 moving average of 10.00 yuan.
Zhang Shaohui watched the stock price of Liugong Machinery continue to fall after he bought it, and now it has lost nearly 1.70 yuan per share, and he is very depressed. At this time, he had no confidence at all to bet on the short-term price spread, and seeing that the market index and stock price continued to decline, he asked Li Xin: "How big is such a pullback? Is there no reference? Will the market index and stock price really return to the low point on November 7?"
Li Xin said: "I don't think that's likely, you see that the price of the market index and these stocks is basically above the 20 moving average, this is a very important support line, as long as it does not fall below this support line, it is still possible to rise upward." ”
Zhang Shaohui said: "I hope that the market index has fallen by nearly 200 points from this round of 2050 points high, and the last two trading days are two consecutive big black candles, if it can't hold on, the downward range may be very large." ”
Li Xin was silent when he heard it. Of course, he hopes that the market can stop falling and rebound under the support of the 20-day moving average, but he has no bottom in his heart whether the 20-day moving average can hold up. Because the price of copper since November 20 after a fall limit, the next few trading days have continued to fall, although there are repeated in the middle, but the overall downward trend continues, today's futures copper closing price has fallen to 26,500 yuan.
The price of non-ferrous metals represented by copper continues to fall, which is bound to have a great negative impact on the upward trend of the stock market.
The broad market index has rebounded, and individual stocks have also fallen.
Li Xin's other stock, Jingxi Coal Industry, closed at 9.09 yuan today, which is nearly 15% lower than the highest price of 10.51 yuan on November 17.
This stock is Li Xin's most optimistic, but it fell sharply with the market not long after taking over the banner of Liugong Machinery's leading stock, which Li Xin did not expect at all.
Last year's huge bull market was driven by coal, non-ferrous metals and other resource stocks, at that time there was a popular phrase in the stock market called coal flying color dance, referring to the remarkable leading role of these resource stocks. At this time, if the prices of cyclical stocks such as non-ferrous metals and coal do not rise, the expectation of a bull market will be small. Although Li Xin feels that it is a bit inconceivable that these resource stocks have risen for less than a week under the stimulus of such major positive news, this is the situation in front of her. He now has to consider another extreme situation: if the broader market index really falls below the support of the 20-day moving average under the pressure of the 60-day moving average and continues to decline, or even falls below 1664 points to create a new low as Zhang Shaohui fears, then he will have to stop his losses and leave the market and find a suitable opportunity again. However, fortunately, the point at which he opened a position is very low, and if the market index breaks 1664 points and there are signs of continuing to fall, the loss of his stop loss will not exceed 15%.
When she went to bed at night, Xia Xiaona put her arm around Li Xin and said, "I have good news, guess what?"
"What's the good news?"
"Guess what. ”
"How can I guess this, you have to give a range, give a hint, right?"
"What do you want most right now?" Xia Xiaona prompted.
"The most wanted? That's more, and the stock market is one when it goes up. But you can't give me any good news in that regard. Li Xin said.
"Oh, not in this regard. ”
"What is that?"
"What do you like to stare at most when you're out on the street?" Xia Xiaona continued.
Li Xin looked at Xia Xiaona's flickering eyes and said, "What did I stare at on the street, didn't I?"
Xia Xiaona pouted and said, "You still say no, you are staring at other people's little babies." ”
Li Xin seemed to react, and he asked in surprise, "You mean you ......?"
Xia Xiaona nodded with a smile on her face.
"Really?" Li Xin rolled over and sat up.
"Is that fake?"
"How long has it been?"
"It's been two months, and I went to the hospital today for a check-up. ”
Li Xin was so happy that she was about to jump: "Why didn't you say it earlier? Is it a boy or a girl?"
Xia Xiaona smiled: "I just found out." Look at your stupidity, the doctor said it's only the size of your thumb now, where can you tell a man or a woman?"
"When will you give birth?" Li Xin asked impatiently.
"It's still early, there are still 8 months to go, and we will get mid-July next year. ”
"Eight months have passed in a flash, so we have to prepare in advance. ”
"Hmm. Do you like boys or girls?" asked Xia Xiaona.
Li Xin said: "I like both boys and girls, if it's a boy, I'll take him to play football, but if it's a girl, I haven't thought about what to take her to play." ”
Xia Xiaona said: "Hmph, let's show the stuffing, patriarchy!"
Li Xin said: "It's really not patriarchal, I like both boys and girls." I really don't know what girls like. ”
Xia Xiaona smiled: "Seeing that you are in such a hurry, I am joking with you." You don't know what girls like, don't I know yet?"
Li Xin said: "Yes, yes, if you give birth to a girl, you can teach her and make her as beautiful and cute as you!"
"Hmm!" Xia Xiaona nodded happily.
Li Xin hugged Xia Xiaona and said, "We have to think about it quickly, and we have to give him a nice name." ”
Xia Xiaona stretched out her hand and scratched Li Xin's nose: "I don't know if it's a son or a daughter, how to choose a name?"
Li Xin said: "That's right." He stared at the ceiling for a moment, then said, "It's hard to get a big name, so let's take a small name first." ”
"It's not easy to pick a nickname. ”
Li Xin said: "It's easy to get a nickname. I've thought about it, next year is the Year of the Ox, if you give birth to a boy, then it's called Niu Niu, if it's a girl, then it's called Niu Niu, what do you think?"
"Niu Niu, Niu Niu, it seems to be really good. Xia Xiaona carefully weighed it and said.
"Then it's decided, the man is called Niu Niu, and the woman is called Niu Niu!"
"Well, I can't guarantee it's a boy. Xia Xiaona looked at Li Xin and said.
"Hey, didn't I tell you? I like boys and girls!"
"Hmm!"
Speaking of this, Li Xin suddenly remembered the matter that President Yang asked today, and asked Xia Xiaona: "I think copper prices have continued to fall recently, what is going on with the Southern Group?"
Xia Xiaona said: "I heard that the aluminum group is willing to take over, but I don't know how far the specific progress will be and how it will be discussed." ”
"Oh, yes? That should be a good thing. ”
"Yes, if the aluminum group is willing to merge with the southern group, it should be a better result, otherwise, the outcome will only be auctioned off. ”
When Li Xin heard this, he suddenly realized that President Yang did not tell him the truth on the phone this afternoon, and with the current situation of the Southern Group, most of the valuable assets are mortgaged in the bank, and if the Aluminum Group wants to talk about the merger with the Southern Group, it will definitely not be able to bypass the bank.
Thinking of this, Li Xin felt very uncomfortable. He is a very practical person, there are not so many twists and turns in his heart, and he will tell what he thinks and thinks when others ask.
But he didn't expect that he would help Governor Yang without reservation, but Governor Yang ambushed him on these key issues. Although President Yang had no obligation to inform him of this information at all, Li Xin still had a feeling that he had been teased, at least he felt that the other party was not as sincere as he was to the other party. In his opinion, if you don't want to tell me something, then you don't say it at all, but you can't say white as black.
This feeling of being teased by others has been felt before in the sugar company, and in the Southern Group, but I didn't expect that I would encounter such a thing when I came out to work alone.
He had secretly told himself before that he couldn't be too realistic in some things. However, when confronted with specific problems, these lessons and instructions were all forgotten.
He sometimes has to admit that he is really not very good at handling complex interpersonal relationships, and he falls into the way of others without paying attention. Although he can react quickly afterwards, he is several orders of magnitude behind those who dug the pit in advance beforehand.
Fortunately, now I have come out and done it alone, doing what I like, away from many things that others are fighting for. Even if you are still put on a show by others occasionally, as long as you have a better mentality, it doesn't matter if you look down.
After all, there is no conflict of interest between myself and the people around me, which is completely different from when I was seen as a roadblock and a competitor by some people when I was in the sugar company and the Southern Group.