Although Wang Qihua and Wang Qiling were assigned the task of singing more silver seed wine by Li Yan, everyone can see the current situation in the market.

The market is still stumbling down at this moment, and the speed of decline is also the trend of falling faster and faster. And all kinds of blue chips, although the white horse stocks are still resisting stubbornly, but there is a rhythm of orderly retreat between blue chips.

The small and medium-sized caps don't seem to understand what's going on, but they're all ready to run away.

Singing more for Silver Seed Wine is actually a difficult task.

A price-earnings ratio easily breaks 100, and it is also a listed company with hundreds of dollars. I really answered the sentence: What to love you!

When Wang Qihua and Wang Qiling were thinking about how to sing more, they actually pricked up their ears to pay attention to the situation on Li Yan's side.

At this time, Li Yan snapped his fingers and greeted the two of them loudly.

The two of them turned around at the same time and responded to Li Yan!

"Please come over and let's discuss the matter of singing more!" Li Yanlang greeted the two brothers of the Wang family.

Wang Qiling got up and walked to Li Yan's side, peeking at the programmed trading system that was still buying at this time, and when Wang Qiling saw the position situation, he was slightly stunned! Everything in front of him greatly exceeded his expectations for Wang Qiling.

Although Li Yan's exchange has not been evasive, Wang Qiling never expected that the speed of buying would be so fast. The proportion of holdings has also risen so fast!

When Wang Qihua also walked to Li Yan's side, he glanced at the two brothers of the Wang family and asked, "How to do more?"

"How to go long...... Wang Qihua crossed his hands together, twisted his fingers together and muttered: "The big plate of dark clouds covers the top of the clouds and covers the moon, and the disk may collapse at any time." Moreover, the old white sweet liquor, which has just had a big positive in the liquor sector, has also seen a trend of high correction and sharp decline. It's really hard to hype up the liquor sector right now. And you see, in the liquor sector now, it is not the old white sweet wine family that is pulling back. ”

When Wang Qihua spoke, he glanced sideways at the computer next to Li Yan that showed the trend of the overall listed companies in the liquor industry, and muttered: "Lao Bai Ganjiu fell first, and you see that there are 12 companies that have fallen by more than 5%. Today's world has just fallen by five percent, although there has not been a drop limit, but this has already explained the direction of the market. ”

Li Yan looked at Wang Qihua and didn't speak, the corners of his mouth curled slightly, as if his eyes had seen through everything.

Having said so much, Li Yan didn't hear that Wang Qihua was just looking for reasons and excuses. The purpose of saying so much is to express a core: the market is falling, and the sector is pulling back. Now there is no condition to rise at all!

Wu Zhilin was originally sitting on the sidelines, and it seemed that he was just playing the role of a spectator. She didn't talk much, but at this moment she suddenly said: "No matter what, we have to create some benefits." After buying so many chips, you have to find a way to throw them!"

"But...... Now in this situation, if we throw it, it will cause panic if we don't get it right. It's hard to say whether it can be sold under the trampling, and if you don't get it right, the stock price will fall to the limit. Wang Qihua's face turned red and explained to Wu Zhilin.

Wu Zhilin was just about to speak to Wang Qihua, Li Yan suddenly shook his head next to him and said in a deep voice: "The acquisition that Lao Bai Ganjiu has completed, although I can't tell whether it is cost-effective or not, but at least from the perspective of price-earnings ratio, I feel that it is very cost-effective." At present, the price-earnings ratio of Moutai, a leading first-tier liquor company, is 32 times, and that of Wuliangye is 30 times. Second-tier companies such as Shuijingfang have a P/E ratio of 70 times, but the P/E ratio of Golden Seed Liquor has reached hundreds of times......"

"yes! Such a high price-earnings ratio is a lot of singing...... Those retail investors are becoming more and more difficult to fool now. If they didn't have some dry goods, they wouldn't have taken the bait. Wang Qihua added along with Li Yan's words. In fact, this is also to remind Li Yan on the other side: If you want to sing more at present, the leeks in the market will laugh at us!

From a professional point of view: the lower the price-earnings ratio of a stock, the lower the profitability of the market price relative to the stock, indicating that the shorter the payback period, the smaller the investment risk, and the greater the investment value of the stock. Conversely, the higher the P/E ratio of a stock, the higher the profitability of the market price relative to the stock, indicating that the longer the payback period, the greater the investment risk, and the smaller the investment value of the stock.

If this theory is a bit awkward, then you might as well give a chestnut:

For example, the stock price of a listed company is ten dollars, and the price-to-earnings ratio is also ten times. Then it can also be simply and crudely considered that the company will be worth ten dollars per share in ten years. Of course, this is not very accurate, and there are some special chestnuts: for example, PetroChina's price-to-earnings ratio is 64, and the price is more than 8 yuan so far. Can that be understood as the value of PetroChina's company at around 8 yuan after 64 years? It is worth noting that PetroChina's net assets per share are already more than 6 yuan.

Li Yan thought for a while and said: "Lao Bai Ganjiu, in fact, the income is more than 2.4 billion yuan, and the net profit is 100 million yuan. At present, the market value of their company is 17.5 billion, and if calculated according to the net profit of 200 million this year, its price-earnings ratio is nearly 90 times. ”

"Li Yan, what do you want to do?" Wang Qihua asked with a frown.

Gazing up at the sky outside the window with a slightly vacant gaze, Li Yan's mind at this time was a sentence in the demon hunting trick.

Just when everyone looked at Li Yan and waited for him to give the answer. Li Yan slowly sat down again.

"Li Yan, we have to do something now. If we let the market fall like this, we won't have anything. Bi Peilin pulled Li Yan's arm, and seemed to be coquettish and cute to tell him about the situation. In fact, he was also urging Li Yan to make a decision immediately.

"Contrarian trend! go long against the trend......" Li Yan gritted his teeth, turned his head to look at everyone beside him and said, "I have bought so many chips now." Is there any difference between stopping and not stopping?"

"Stop, at least let our position not be full! Stop, we at least have a chance to toss and turn." If you don't do anything now, let this programmed trading system keep buying and buying, and then it will really fall. That's too big a loss!" As soon as Wang Qiling's voice fell, he suddenly turned to look at Yang Muye and said, "Doesn't Muye want to say something? If you continue like this, you can't get it right...... Not to mention going long against the trend! If we really go long against the trend, our family will definitely not be able to withstand it. ”

Yang Muye nodded hurriedly on the side and said: "What you said makes sense! And Lin Teng's department also said: If you sing long and short, people will definitely not come to our aid!"