"After all, I did it early, and my family can afford to toss. ”

"The secondary listings of Alibaba, JD.com, and NetEase in Hong Kong stocks are more worried about the impact of the trade dispute between China and the United States, and they are looking for a safe haven in advance. ”

"But Lao Yao wants privatization to be more similar to Jumei, 360, Focus Media, ......"

"Always feeling underestimated?"

Shen Feng almost didn't throw up, are you crazy?

To put it bluntly, it is a second-rate dealer who resells information, and it is even worse than Luckin, after all, the store is placed there, and domestic consumers are invited to drink coffee for two years with real money......

What about you?

The stock price seems to have become a metaphysics?

Why is China Merchants Bank's PB so much higher than other banks.

The reason is very simple, because people's asset quality is good, and the long-term level of ROE is much higher, so investors recognize!

Twice the ...... of ICBC More than twice as many as the Industrial Bank...... 1.5 times the ...... of Ping An Bank

To take the simplest example, a brand of clothes costs 100, and there are three pricing methods:

The price is 300 yuan, which can sell 100,000 pieces and make a profit of 20 million

The price is 200 yuan, which can sell 500,000 pieces and make a profit of 50 million

The price is 130 yuan, which can sell 1 million pieces and make a profit of 30 million

Fools know that the middle 200 yuan should be priced, right?

The pricing of general goods can neither be too high nor too low, close to the median of the target consumers in the market, which is the pricing model of most goods. But there must be a premise – that is, there is a lot of room for production improvement.

In the art auction market, on the other hand, the pricing method is completely different, with only one item for each item, and the pricing depends on the person with the highest bid.

An unknown painter had a previous transaction record of almost 10,000 yuan, so the price quickly reached 10,000 yuan, and the next pricing is a metaphysics:

First of all, there was a collector who felt that this style had great potential and bid 13,000;

Then an investor, who found that the value had appreciated by 30% in just one year, bid 15,000;

Or this painter is my friend, and I owe him a favor, so I bid 30,000;

In the end, I met a rich man, and I felt that the person in the painting looked like my first girlfriend, and finally shouted 100,000.

There may be only 50 people out of 100 people in the auction hall who think it is worth 10,000 yuan, 10 people think it is worth 15,000 yuan, and only one person thinks it is worth 100,000 yuan, and the identity of the painter is 100,000 yuan!

Who to talk to?

Therefore, the greater the total supply and demand of a commodity, the closer its market pricing is to the median of the market's psychological price. The smaller the aggregate supply and demand, the more its market pricing deviates from this median.

However, the elasticity of the relationship between supply and demand and price is much greater than we imagined.

The elasticity of supply hypothesis: If a painter paints two identical paintings for auction, what is the final auction price? It is 30,000 yuan for me, because the rich only need one painting, and they don't need to grab it from me, and in the end it is 30,000 yuan.

Assumption of elasticity of demand: due to the weather, the 100 people who were originally scheduled to come to the market can only be 50 people, and there is a high probability that one of me and the rich man will not be able to attend, so the final price is also 30,000.

But what about the share price?

First of all, look at the demand, that is, the change in the buying order. On the surface, a stock can be bought by everyone, but in fact, most investors usually have a process of attention before buying a new stock.

Just as only the auctioneers who are present are eligible to auction, only those who follow a company will buy, so the demand for stocks is most directly related to the attention.

The most typical example of the premium that attention will bring is "playing the board", once a stock is blocked on the limit, it will inevitably attract more followers, even if the conversion rate remains the same, it will also bring more buying, so that the price limit is more dead.

In essence, it is still the attention of the speculation, whether it is the earliest sealed board stocks, the most connected boards, multi-theme stocks, relay boards, and changing hands, all of which are to enhance the degree of attention.

If you're still a faucet......

That's even more awesome.

Because everyone knows the world's first highest peak, do you know which is the second highest peak in the world?

The exposure of the leader of an industry may be ten times that of Long Er, and a hundred times that of waist enterprises!

But the size of the dragon head may be only twice that of the dragon two and 10 times that of the waist enterprise.

Now you know why everyone is desperately trying to grab the so-called first share of the IPO, right?

Millions of winners have been listed for almost two years, and there are only three kinds of investors in Shen Feng's eyes: the first long-term shareholder, who is optimistic about the long-term value of the company, unless the company's operation has a fundamental deterioration, no matter how high or how deep it falls, it just won't sell.

If the proportion of die-hard fans increases, the supply of the stock will be reduced, and the trend of automatic locking of long-term holdings is long-term and slow, resulting in a large rise in stock prices.

This kind of steady and strengthened investors' shareholding behavior is referred to as a virtuous circle.

For example, Moutai.

The second is the valuation judge, who is conditionally optimistic about the long-term value of the company, which is the upper limit of the valuation.

If there are more such people, the supply will become larger in the process of rising and smaller in the fall. Most of the second-tier high-performing stocks are high proportion of such investors.

The third type is called trend traders, who hold or even increase their buys when they rise, and stop losses when they fall below a certain price.

Completely opposite to the previous category, these bastards will make the supply of stocks smaller in the process of rising and larger in the fall, and the group of people who are most desperate for the market maker.

Of course, there are more leeks who don't know why they buy and sell, and they want to die after being washed...... Chasing the rise and killing the fall...... It's a lot of fun......

"This Ouling investment is very interesting. Li Nanjun took out the information and handed it to the boss, introducing: "It has been established for four years to focus on tourism and life investment, and it has always been very low-key, and there is not much information disclosed. ”

When Shen Feng saw a name, he suddenly became enlightened......

Liang Jianzhang!

What does Ctrip want to do?

This kind of thing still has to find big bald gossip and gossip, and the leaders in the two fields are eyebrow-raising, even if they are not competitors, they must be focused on.

That's right, the greatest value of the Internet lies in this.

But the biggest threat to 58 is that it is only information-driven, and does not intervene deeply, thus forming a closed loop.

Taobao was just an information platform before Alipay, which was exactly the same as 58 in essence and did not solve the problem of consumer trust in online shopping.

As soon as Alipay came out, it completely solved the problem of lack of confidence, formed a closed loop of platform + payment, and killed all parties.

Jingdong has improved the experience with the help of logistics, built a moat of platform + logistics, and has become a daughter-in-law for many years.

The same goes for millions of winners, who started with advertising, and now dig deep into the blue ocean of vocational skills training and form a closed loop of consumption of knowledge, which can become a dark horse, otherwise who will believe your ghost?