readx;?“ After the IPO of Cinema Holdings, the issue price was 58.8 yuan. Since the listing of www.biquge.info on the first day of May 13, the price limit has been continuously increased, and as of May 15, the stock price per share is 102.45 yuan, breaking through the 100 yuan mark. ”

"The A-share market of Little Partner Cinema Holding Company was listed, with a share price of yuan per share, and a market value of more than 25 billion yuan!"

"Hong Kong stocks Golden Harvest Entertainment, A-share cinema chain holdings. Xiaoxiao is one of the two major subsidiaries and has become the largest market value company in China's entertainment industry. ”

Next, Cinema Holdings continued to connect the board with one word, on May 16, 112.7 yuan. May 17, 123.97 yuan......

After the close of trading on Friday, Lang Dessert suddenly said: "The cinema holding company occupies more than 30% of the domestic film box office market, and the market share is already very high. Even so, the annual box office of the domestic film market is only 20 billion yuan. The market value of a cinema chain holding is actually larger than the market size of the entire industry, if this is not a bubble, I can't think of what a bubble is! ”

After the close of trading on Friday, the bearish voice of Lang Dessert once again attracted a lot of attention.

"Mr. Lang, before the listing of the cinema chain holding company, you had a lot of bearish remarks, and even made a bet with Mr. Wang Qinian, what do you think of the outcome of this bet?" The media interviewed Lang Dessert for fear that the world would not be chaotic.

"First of all, I correct a concept, its price limit is not its bull, it is caused by the A-share market system, and the continuous price limit of new shares is a high probability event, and there are too many funds to buy without brains. The bet, which is very beneficial to me, is not to short it now. Instead, I will choose a time period that is favorable to me, for example, if it opens the down limit, and the bubble is large enough to short it. Lang Dessert looked like I was Soros II, "I won 100 million yuan!" ”

Not long after, the media interviewed Wang Qinian.

Wang Qinian said: "For Mr. Lang, I have a word. The frog at the bottom of the well is nothing, just evaluate the sky you see, why do you want to evaluate things that are beyond your circle of ability, and you have to evaluate any industry. There must be more wrong and less right! As for the film market, Mr. Lang's evaluation must be wrong, China's cinema chain market is still in a stage of rapid growth, and the rate of return far exceeds that of most industries. The gross profit margin of the small partner cinema is very high. In fact, due to our high debt ratio. So it doesn't reflect its profiteering. The annual repayment of interest is more than 2 billion yuan, assuming that after we pay off all the debts, the annual profit can reach 3 or 4 billion yuan, and the time for the profit to reach more than 3 billion yuan will be far away? No, there is a high probability that it can be achieved within a few years. The current market capitalization, I don't think it's expensive! ”

The two spoke apart, which made the media and onlookers feel enjoyable.

……

Monday, May 20, 2013.

The sixth trading day of the listing of the cinema chain holding company. It is another one-word daily limit version, and the stock price is dead at 136.37 yuan.

Tuesday, May 21. The daily limit closed at $150.01.

Thursday, May 22. Cinema Holdings closed at 165.01 yuan.

At this time, Lang Dessert began to post a long post on Weibo and said: "Congratulations to Boss Wang, after you sold and boasted, the market value of the cinema holding company has exceeded 40 billion yuan, plus the market value of Golden Harvest Entertainment in Hong Kong stocks is 60 billion. Two listed companies in the entertainment industry should account for less than 40% of China's film and television industry, right? But. How much is the scale of China's film box office market, 20 billion! Your two companies are more than 4 times the size of China's film box office market, and. It's not an internet company, it's a traditional film production and theatrical company. I have searched all over the world, except for China, there is no country where the film and television industry has such a high valuation. ”

Regarding Lang's desserts, Wang Qinian only replied: "Professor Lang." So when do you go short? ”

"Wait! I'll poke the bubble when it blows up and bursts! Lang Dessert was full of confidence, as if he really had the vision of Soros.

Thursday, May 23. The share price of Cinema Holding Company closed at $181.51 again.

On Friday, May 24, the share price of Cinema Holdings closed at 199.66 yuan, shaking the entire market!

Of course, after the market closed, Lang Dessert posted again: "I don't specialize in stocks, but I have heard that there is a curse in A-shares, and companies whose stock prices exceed Moutai will fall very badly in the future." Cinema Holdings is already close to Moutai, does it dare to surpass Moutai's share price? At the close of trading on Friday, the cinema chain held 199.66 yuan per share, and Moutai 200.93 yuan! ”

I don't know if it's because of this spell stimulus!

On May 27, although the share price of Cinema Holdings opened at 219.63 yuan, it was quickly sold frantically and smashed open the price limit.

It's open!

After the IPO is generally opened, it is the time when most smart investors settle down.

At the close, although the cinema chain holdings were still up, they only closed at 208.86 yuan. The closing price is slightly higher than Moutai's 201.63 yuan.

On May 28, Cinema Holdings fell below 200 yuan, and the turnover rate reached an astonishing 86%!

Next, Lang Dessert said: "I have borrowed and shorted the securities, and the net value of the account can be inquired by the securities company." The 200 yuan per share of securities and the 1 million yuan quota were all used. In the future, I am very confident that I will earn Mr. Wang's 100 million, and I hope that when the time comes, Mr. Wang will not be repaid. I dare to say that the theater holding bubble has burst, with a market value of 50 billion, and all the box office of Chinese films has been earned by it, and it doesn't have such a large scale, right? ”

Subsequently, the A-share market did see a wave of sharp declines.

However, what fell below many people's glasses was that the day after Lang Dessert announced that it was short, the cinema holding rose to more than 218 yuan again.

Lang Dessert still found an excuse, thinking that it was tempting, because the price limit was not blocked. The future will definitely go down.

However, to the disappointment of Lang Desserts, within the next month, the stock price of Cinema Holdings hit a new high again, becoming the first god stock to break through the stock price of 300 yuan!

You must know that in the past, the peak share price of Kweichow Moutai was 290 yuan per share. Well, the Chinese ship in 07 also set a record of 300 yuan per share, but it did not break through 300 yuan, and after that, it was a bottomless pit, Davis double kill. Not only are valuations getting lower and lower, but even performance is regressing. Because, since 06 ~ 07 years is the peak of the shipping and shipbuilding industry, since then, the shipbuilding industry is going downhill every year.

At the expiration of the one-month gambling contract, Lang Dessert said angrily: "It's crazy, is the market crazy?" With a market value of 75 billion, it is unimaginable that the market value of a cinema company can be several times higher than the annual revenue of the cinema box office market! ”

"The Shanghai Composite Index is rushing to more than 1,800 points, why is the small partner cinema line rising so crazy against the market, the Securities Regulatory Commission, you check, is there an institution in the malicious C vertical!"

Zai Lang Dessert kept pretending to be deaf and dumb, trying to get through the trick with the fact that it was not me who was wrong, but the market.

Wang Qinian only said: "I am willing to lose the bet, Professor Lang, you can quickly record a video and admit that you are a squirting dog!" ”

Under Wang Qinian's palace, more netizens were not afraid of big things, and said: "Professor Lang, I am willing to lose the bet, and quickly admit that I am a dung spraying dog!" ”

After a while, Lang Dessert left a sentence: "There are too many online mobs, I temporarily cut off the Internet, and I don't consider communicating with low-quality people." ”

For a long time, Lang Dessert was not only played missing on the Internet. Moreover, in order to avoid embarrassment, many public occasions have also disappeared. Apparently, he tried to avoid the limelight.

Regarding the performance of this shrunken turtle, Wang Qinian smiled indifferently, feeling that his thoughts had been cleared a lot. (To be continued.) )