Even if PetroChina took medicine today, it was excited as soon as it opened, and it rose directly. ==== With the lake. In southern terms, it means that an old African man jumped high, and the black man jumped.

The strength of the two barrels of oil also directly drove the rapid rise of the market index. At 10:20, the market broke through the 2,000-point mark in one breath and rose to 2o18 points, an increase of 3.24%, which attracted a burst of cheers from stockholders.

"PetroChina is finally going to be powerful, and it will be officially launched from today! How long is the horizontal and how high is the vertical! In the miracle group, there are also a few old shareholders cheering, and the one who said this is Bao Erdan.

"Erdan, hasn't your PetroChina been sold yet?" Meiyue asked with some surprise.

"It's been cut a long time ago, and I've only kept a little bit as a souvenir. After all, I bought it for 48 yuan, and now it has fallen to 1o yuan, down by four-fifths, so I should leave hundreds of shares and remind myself from time to time not to trust those stock critics. Alas, PetroChina, PetroChina, the eternal pain in the hearts of retail investors! Bao Erdan sighed.

In the stock market, you may not know the other 2,000 stocks, but you must know PetroChina, because it is a class aircraft carrier with 18.3 billion shares, and it is also one of the most discussed stocks among shareholders.

The reason why it is the most talked about by shareholders is because it is the most cheating stock, and there is no one.

PetroChina was listed on November 5, 2oo7, with 3o billion shares and a market price of 16.7o yuan, when the Shanghai Composite Index had just hit a high of 6,124 points and was around 57oo points.

On the eve of PetroChina's listing, major brokerages and media are very optimistic about this stock. Call it a very good performing stock. And cite various numbers jù. It is said to be the most profitable listed company in Asia, and it will surely bring huge returns to shareholders.

At the same time, because Warren Buffett, the American stock god, has long held a large number of H shares of PetroChina, brokerage analysts collectively called on shareholders to learn from Buffett's value investment and long-term investment reasons, buy and cover this good stock that will only lay golden eggs. Many analysts even insist that PetroChina is worth at least 100 yuan, and it is likely that PetroChina's stock price will break through the 100 yuan mark on the day of listing.

Because it was a big bull market at that time, many stocks with poor performance rose four or five times on the day they went public. Then it doesn't seem to be very difficult for PetroChina to rise by six or seven times, more than 100 yuan.

Countless shareholders believed in the beautiful pie drawn by analysts, and they were ready to buy it when PetroChina went public.

However, there was a small episode at that time, and the media reported that on the eve of PetroChina's listing, Warren Buffett, the stock god, significantly reduced his holdings of PetroChina at a price of more than 10 yuan. Hong Kong H shares.

Naturally, shareholders feel that it is not good. But then they saw the sharp ridicule of experts and stock commentators in the media: "Warren Buffett is old and confused, and he actually sold the shares of Asia's most profitable companies at a low price." Released a good hen that lays golden eggs. ”

So the shareholders were relieved and brainwashed by the media. The collective ridiculed Buffett for being really old, at least because he didn't understand the Chinese stock market.

But they all seem to have forgotten, Buffett has never fought alone, he has the world's top think tank, there are countless senior financial advisors, and they know the Chinese stock market well, how can he make such a low-level mistake?

Of course, there are some old shareholders who feel that Buffett is doing the right thing, after all, PetroChina's H shares have risen from 1 yuan in 2ooo to 2o yuan in 2oo7, an increase of nearly 2o times, and the listed price of PetroChina is only 16.8 yuan.

However, they are still optimistic that since junk stocks can rise tenfold in the big bull market, it is reasonable for PetroChina to rise by six or seven times compared to the market price.

Because, whether it is an old shareholder or a new shareholder, they all believe that it is not a dream for PetroChina to rise to 100 yuan.

Some people even shouted the slogan of "Life is as proud as holding PetroChina"!

Therefore, on November 5, 2oo7, when PetroChina opened at a price of 48.6O yuan, although it had nearly doubled the market price of 16.7O yuan, countless retail investors still felt that compared to the target price of 1oo yuan, this price was still very cheap, and they could at least double the profit after buying, so they bravely fought into it, and thus set a record for a new stock bank - in the first minute of the opening, 4.31 million lots were traded, and 2o3000000000 yuan was traded!

On the day of listing, PetroChina opened high and went low, closing a long long black candle and closing at 43.96 yuan. A total of 69.99 billion yuan was traded on the same day, with a turnover rate of 51.58%.

Just when countless retail investors thought that this was just the main force in the washing, and then it would rise in the form of a price limit, PetroChina fell 9% the next day, and since then it has embarked on a long downward road, falling to 9.91 yuan in September 2oo8, which is nearly four-fifths lower than the opening price on the day of listing.

In this unilateral decline process, PetroChina has completely become a short-selling tool for large funds, and it has also led the big bull market into a big bear market, during which there is basically no decent rebound.

However, because PetroChina still wears the dazzling halo of Asia's most profitable listed companies on the top of its head, many retail investors are not willing to cut their meat, but continue to encourage themselves with value investment, constantly replenish their positions, and try to spread the cost, as a result, from 4O yuan, 3O yuan, 2O yuan to 1O yuan, the deeper and deeper.

Bao Erdan also made up his position many times, and he didn't dare to open his account after making up for it.

The reason why he will make up for his position many times is because Bao Erdan knows a small high-level executive of PetroChina, this brother surnamed Song, who is also full of PetroChina, and is firmly optimistic about it.

Since he works at PetroChina and is also engaged in financial work, this Song brother can be said to know the company's fundamentals well, and he once patted his chest to Bao Erdan and said: "Except for those who have inside information, no one knows PetroChina better than me, and it is definitely worth your investment." At least it's much better than buying shares in those junk companies. In a word, PetroChina, you deserve it! ”

It is based on this understanding that this Song brother began to buy PetroChina from 48 yuan, and although it fell later, he continued to replenish his position until 1o yuan, with an average cost of more than 25 yuan.

Seeing that Brother Song was so confident, Bao Erdan also accompanied him to make up for it several times, hoping to spread the cost and recover the loss, but in the end he wanted to cry without tears.

The slogan of Bao Erdan has also changed from "life is as proud as holding PetroChina", to later "Life is frustrated, it is better to hold PetroChina", and then to "Life can have a few sorrows, just like a full warehouse of oil"......

Ding Xu also asked Bao Erdan, PetroChina's monthly Bollinger Bands are very poor, and they have always been in a downward channel of unilateral decline, not to mention a decent rebound, even if there are very few decent sideways, why do you have to make up for the position.

Bao Erdan said that in April 2oo8, PetroChina had a small wave of rebound and sideways, and then the weekly MACD was at the bottom of the golden cross, and began to turn upward, and the stock price at that time also fell to 18 yuan, so he began to make up a large number of positions in that range, but he did not expect to fall by half later.

Ding Xu's comment is that Bao Erdan only saw the weekly line, but did not see that the general trend of the monthly line continued to decline, and he did not realize that the company's performance was not the most important, but the most important thing. After a stock has fallen for a long time, there will generally be a long-term sideways bottom, so that the main force can grind the bottom for a long time and collect the meat cutters handed over by those retail investors who can't stand it.

This bottoming process can be as long as a few months, and as long as several years. As for how long it will grind to the bottom, the average old shareholder can see at a glance that it is about a quarter to half of the length of the decline. Of course, it is also necessary to observe whether the chip bar is concentrated or not.

And more importantly, at this time, you can't blindly buy the bottom, because even if the stock price falls enough, but the main force does not start, repeatedly absorb chips, then intervention will waste a lot of time and lose the opportunity to make money.

Therefore, Ding Xu's point of view is that stocks like PetroChina that have fallen for a long time can be done, but we must pay attention to four principles.

…………………………… Dividing line ..............................

(Sincerely thank the hardcore book friends such as "" for generously rewarding the alliance leader of this book, and welcome to the alliance leader group (miracle group) family exchange.) I wish the Year of the Goat a healthy and smooth year.

The weekend analysis will be written on Sunday in conjunction with the news as usual, so stay tuned.

Happy weekend. (To be continued!)

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