Chapter 135: Raising the Plaque Yili (Ask for Collection!Ask for Recommendation!)
After the outbreak of the "919" market, the stock index only rebounded weakly, and then resolutely turned downward, once again verifying the old saying that the bear market does not speak to the bottom.
In October, when Ding Le was busy building a position in Yili, the A-share market once again ushered in a moment that went down in history, 2008 was October 28, the Shanghai Composite Index opened at 1671.4 points, fell to 1664.93 points during the session, and immediately turned red, closing up 2.81% on the same day.
After the appearance of 1664 points, some investors applied the Elliott band theory analysis and shouted that this wave would fall to 998 points before the start of the big bull market in 2005.
Watching investors cut their meat and leave the market every day, Ding Le was moved by compassion, so the stock god who published an article "The Bull Market Has Gone, the Bear Market Has Come" on October 16 last year, perfectly predicting the apex of the big bull market - I am not a stock god, appeared on the Internet again.
Like the trend of the broader market, the popularity of the stock market forum section of Tianya Forum is low, and now that blogs are in power, the number of people who insist on posting and following posts here every day is not as good as before, and it cannot be compared with the hot atmosphere during the big bull market.
On October 28, after the Shanghai Composite Index closed, I am not a stock god published an article "The bear market has gone, looking forward to the bull market" on the stock market forum board of the Tianya Forum, once again predicting that 1664 points will be a low point of the bear market.
I'm not a god of stocks, I can be called the most mysterious ID on the Tianya forum, after publishing a god prophecy post last year, there is no news, as his views have been repeatedly confirmed, he has become the god of stocks on the end of the world, and his posts are still at the top, accepting the worship of netizens!
I'm not a stock god to reappear, publish a new article and make a prediction again, as this article was seen by the netizens who swiped the post, the whole Tianya exploded for a while, and the swarming shareholders made the server of the Tianya Forum go down, and the website collapsed for a while.
In the article, I analyzed the four major reasons for the decline of the stock market: First, the US financial crisis has caused turmoil and depression in the financial markets of various countries, and China is no exception; second, the last round of bull market grew wildly and the bubble was serious; third, the central government's monetary policy adjustment, resulting in a shortage of funds; and fourth, this year is the peak year for the lifting of the ban.
Immediately afterwards, he changed his conversation and analyzed the specific reasons for the promising bull market. Since September 16, the central government has cut interest rates for the first time and lowered the interest rate on RMB deposits and loans at the same time, and has cut interest rates twice in a row on October 8 and today, and has dropped three times in a row in just one month. He asserted that the reversal of monetary policy is a sign that the country will introduce stronger policies to stimulate the economy.
At the end of the article, I am not a stock god to advise investors, do not cut the meat and leave the market, just like Dan Bin wrote in "Time Rose", time is the most valuable asset, the stocks we buy today not only belong to ourselves, it belongs to the whole family, we should take the responsibility for future generations. So time is the most valuable asset, buy for the long term!
As netizens spread this article, I am not a god of stocks has become popular on the Internet again, and netizens have made various speculations about my true identity as not a god of stocks, will this post be as accurate as last time?
And those who knew that I was not the true identity of the god of stocks, began to act. Ding Jianye even called and asked bluntly: "Is it really possible to buy the bottom now?"
"Galaxy Investment has been building a position to buy in the past 1 month, why do you want to come in and play?" Ding Le expressed his attitude on the phone, and also asked him.
"I asked for a friend, how can I have the heart to speculate in stocks now!" Ding Jianye said with a smile on the phone.
In the last two months of 2008, the government was like a busy plumber, and almost all the investment valves were unscrewed.
On October 22, in order to stimulate new real estate consumption, the Ministry of Finance announced that the deed tax on the first purchase of housing by individuals would be reduced to 1%, and stamp duty and land appreciation tax would be temporarily exempted for individuals buying and selling commercial housing; on the same day, the central government also announced that the lower limit of the interest rate for first-time home buyers and ordinary improved home loans was 0.7 times the benchmark interest rate, and the minimum down payment ratio was adjusted to 20%.
As soon as this policy came out, the entire real estate market began to heat up again, and real estate sales appeared a "reverse inflection point" that Yikewang Stone did not expect.
Ding Jianye is now focusing all his energy on the Haizhou "Land King" project, and he wants to seize this wave of warming market and make this project a hit in Haizhou.
If we teleport the earth's timeline to the future by 10 years, I believe many investors can understand the significance of 1664 points. And at this moment, in China's capital market, no one has openly shouted that 1664 points is the bottom of history like I am not a stock god.
Because of Ding Le's brainless buying, buying, buying strategy, the Yili shares bought by Galaxy Investment in the secondary market quickly reached the threshold of 5%, that is, reaching the well-known lifting card of shareholders.
According to the provisions of the Securities Law and the Administrative Measures for the Acquisition of Listed Companies, when an investor holds 5% of the issued shares of a listed company, he or she shall, within 3 days from the date of the occurrence of the fact, make a written report to the China Securities Regulatory Commission and the stock exchange, notify the listed company and make an announcement, and fulfill the obligations stipulated in the relevant laws, and all multiples increased to 5%, such as 10%, 15%, 20%, etc., must be announced again.
Because of the continuous reporting of Old Wave Finance, Galaxy Investment has long been unknown in the industry, especially when its relationship with the Black Panther Fund was exposed, no one dared to underestimate it. After the announcement of Galaxy Investment's listing of Yili, it caused a surprise in the capital market.
The melamine incident completely destroyed the people's confidence in domestic milk powder, almost overnight, the people of the whole country remembered this awkward chemical term, Sanlu went bankrupt and closed down, and other dairy companies were also miserable, at this time to buy Yili's stocks, this person is not a madman, right?
Reminiscent of the Black Panther Fund's previous crazy experience of shorting Wall Street investment banks, the domestic financial media quickly labeled Galaxy Investment as "crazy", and they conducted various interpretations and analyses of Galaxy Investment's card raising behavior.
According to a special report by China Securities Journal, Galaxy Investment is raising its cards against the trend, why is it crazy to move?
"Securities Market Red Weekly" reported in depth that Galaxy Investment made a crazy move, underestimating the opportunity?
"21st Century Business Herald" analyzes from the perspective of the industry, the poisoned milk powder incident, the chance of being wrongly killed?
……
The news media reports have not been able to stop Galaxy Investment's pace of raising cards. Looking at the move of Galaxy Investment, it seems that there is no intention to stop.
Yili's share price rose from a minimum of 6.45 yuan/share on October 28 to 9.71 yuan/share on December 10, an increase of nearly 50% in more than a month.
When Yili disclosed its 2008 annual report in April of the following year, Galaxy Investment ranked second among the top ten shareholders with a proportion of 8%. Of course, this is a later story, so I won't mention it for the time being.
In November 2008, the cold winter of the capital market seemed to usher in a ray of spring.
In the real society, various media are competing to report on the crazy action of Galaxy Investment. In the online world, the majority of netizens have commented that I am not a prophecy post of the god of stocks.
Years later, when investors recall the landmark events that took place in the capital market in November 2008, these are two events that can never be forgotten or avoided......