After a few more days, ST Tengguang's stock price has been fluctuating back and forth, and judging from the news, there is no other news announcement for this stock except for an announcement that "Black Wolf Capital has successfully entered the board of directors".

Lin Shi looked at this situation, and immediately frowned, now it is mid-October, and it will be the end of the year in a month and a half, generally speaking, the probability of falling at the end of the year will be a little greater, and the profit at the end of the year is a common situation in various markets. In addition, the new regulations on asset management are also one of the impacts, and the pressure on funds at the end of the year is self-evident, and various funds are also deployed for next year.

With this in mind, Lin Shi can only hold shares until mid-November at most, that is, nearly a month of holding time, if the company does not issue an announcement to take off the hat......

Considering the risk of a certain pullback at the end of the year, Lin Shi must clear his position, which is also to better use the funds, although there is a scale of 100 million, but Lin Shi feels that this money is too big, with his current level, it is difficult for him to fully manage such a scale of funds, some small-cap stocks can not be bought, because the funds are easy to cause a little impact on the disk.

Whereas......

Large blue-chip stocks do not need to be considered, and they may not be able to double in a few years, and they cannot meet the company's requirements.

Lin Shi's two purchase restrictions alone helped him eliminate nearly 70% of the Chinese Securities stocks.

Lin Shi looked at the traders who sometimes cheered and sometimes frowned in the trading department every day, and he couldn't understand why short-term trading made people so obsessed? Even graduates from prestigious universities, or fund managers with billions of funds in their hands, are constantly engaged in short-term trading, and sometimes they make money and attribute their profits to their own technology.

Sometimes you lose money......

Except for the quotes, they will no longer blame third parties.

Later, Lin Shi got the answer, and he still heard the word cocoon in his ears in the financial circle - greed!

"Ding ......" Lin Shi's mobile phone rang suddenly.

Lin Shi looked at the message sent by Tan Yue, and was a little confused, the message was like this: "Suspended, suspended!" ”

Lin Shi replied with a message with doubts: "What is suspended?" ”

"Shuilan Fang is suspended, and major events are reorganized!"

Lin Shi was slightly stunned, and then searched for this stock on the stock software, Shui Lanfang, and the major event was suspended!

This stock was recommended by Lin Shi when he first started as an analyst, and it was also this stock that let Lin Shi know what is the black swan of the financial market, and the restructuring failed, but it pulled a price limit, and today, Shui Lanfang once again announced the suspension of major events......

Lin Shi thought of the word Hongguang Capital in his mind, he deliberately observed the inflow of funds when Shuilanfang failed to reorganize, and noticed that Hongguang Capital was one of the institutions that bought the most shares of this company.

Subsequently, Lin Shi asked customers with relatively small funds to fight for some chips, but it didn't take long for him to put this matter behind him, and the customers didn't mention it, and he didn't think much about it. At that time, there was only a vague speculation that trading would be suspended again.

Lin Shi replied with a message again: "The luck of the customers is so good, I almost forgot about it." ”

"Have you been lazy lately? I didn't even look at your recommended stocks. Tan Yue sent a message again.

Lin Shi replied with a wry smile: "No, I really can't find any good stocks recently." ”

Tan Yue must have found it easy for him to find a rising stock.

But the difficulty of this is only understood by Lin Shi himself, fundamentals, technical aspects are indispensable, macro trends and even national policies must be taken into account, from industry development trends, to consumer preferences for products, Lin Shi checked the news announcements of almost every stock.

After doing this, Lin Shi himself did not dare to guarantee that the stocks he recommended would rise.

In the financial market, anything can happen, for example, a super white horse stock whose perennial profits are praised by institutions only released an annual forecast of 23% growth, and was killed by all kinds of funds.

How many can be found in the entire China stock market with a 23% annual profit growth rate? It can be said that it is only 5 percent, and it is probably only 1 percent that has risen for several years in a row to maintain this growth rate.

So why did such a stock fall? Because this stock has grown by 35% per year in the previous annual report!

That's the case for high-growth stocks, if you can meet expectations, then congratulations, you're still in the favor of the institution, and as soon as the company's annual or quarterly report doesn't meet expectations, then the stock will plummet and usher in the so-called Davis double kill.

Lin Shi doesn't like such stocks, although the fundamentals look excellent, but every quarter he holds, he is betting that the company will create more profits than before, just like a person who is not very skilled walking a tightrope, go well, everything is good, not good, the cement floor below is waiting for you.

Lin Shi likes to buy a stock when the profit growth rate is 30% and the price-earnings ratio is about 20 times, so as to leave himself a sufficient margin of safety, and when others endure the pain of falling, he just loses a little book profit, and the principal does not change in the slightest.

Even though......

Such stocks are almost impossible to appear in the stock market of China China.

When Lin Shi was watching the stock market news, he accidentally saw another piece of news about Bitcoin, but the price of Bitcoin at this time was only $7,000 a piece, while a few months ago, the price of Bitcoin jumped to $20,000 a piece!

Lin Shi clicked on a news item about Warren Buffett's views on Bitcoin.

The reporter asked Warren Buffett for his opinion on the rise of bitcoin from $100 to $20,000. Buffett replied that it was "rat poison squared". He also said that this kind of asset is precious because of its scarcity, and crypto assets have no relevant value, so they can only wait for others to take over at a higher price.

In fact, back in 2014, Warren Buffett warned: "Stay away from Bitcoin." It's essentially just a phantom, a way to transfer money. Similar to a check, but a check is not worth more money just because it can transfer money. The idea that Bitcoin has tremendous intrinsic value seems to me to be a joke. ”

At the recent Berkshire Buffett shareholder meeting, Buffett once again expressed his views on Bitcoin:

"The end result of cryptocurrencies is going to be terrible because they don't generate any value associated with the asset." This type of asset depends on more people entering the market, and then the holder sells it to the receiver at a higher price than the buying price.

Some people think that digital currency is the gold of the Internet in the 21st century, while others think that this is a modern Ponzi scheme, developers can get a lot of digital currency by just writing a few lines of code, and when everyone enters the market and realizes that the price of digital currency has risen, developers and bookmakers sell and leave......

This made Lin Shi think of the tulip bubble in an instant, and in the Netherlands, around the New Year of 1637, the futures contract for tulips was in full swing in a small Dutch hotel. By February 1637, the scalpers realized that the time for the delivery of the tulips was approaching.

Once the tulip bulbs are planted in the ground, it is difficult to sell them again. People began to wonder how much the tulip bulbs bought for such a large price could be worth when they just bloomed. Not long ago, the tulip contract, which was a strange commodity, suddenly turned into a hot potato.

A person with a tulip contract would rather sell it to someone else for less.

Immediately after people's confidence was shaken, tulip prices began to fall. The drop in prices has led to a further loss of confidence in the tulip market. The people who hold the tulip contract can't wait to get rid of it, but it's hard to find a "fool" at this juncture. As a result of the vicious circle, the tulip market collapsed across the board.

The peak of the tulip bubble lasted just over a month.

Since many tulip contracts have changed hands several times in a short period of time and have not yet been settled, the last person to hold a tulip contract began to demand payment from the previous seller. The man demanded a debt from the man who was in front of him.

The tulip market in the Netherlands has suddenly turned from a prosperous scene to a hell of bitter rain and forced debt evasion.

"History is always repeating, but it won't be a simple repetition." Lin Shi suddenly thought of this sentence in his mind.

At night, in a high-end club, Yang Hua came to this place of hormone rapid secretion in casual clothes, and he was going to drive the luxury car he just bought tonight to hunt a woman who was frustrated in love.

Before coming, he deliberately sprayed perfume on his body, and after a while, Yang Hua found a conspicuous woman, in the noisy environment of the bar, this woman was actually reading a book leisurely?

Yang Hua's curiosity was immediately aroused by the woman, he straightened his collar, and then walked over with a smile on his face, he slowly sat down next to the woman, and then said to the bartender: "Two glasses of whiskey, one for this fairy, and one for me." ”

The woman slowly raised her head, and at this time Yang Hua saw her appearance clearly, a small melon seed face, jewel-like crystal clear eyes, plus long curly eyelashes as cute as Barbie, a small nose and a cute mouth, and a playful ponytail, tied up at will, with a bit of casual and casual. And her devilish figure brings out her charm even more!

"Thank you." The woman took a sip of the bartender's whiskey, then went back to reading.

And Yang Hua admired this graceful body with a smile on his face, he could think that tonight was destined to be a sleepless night, and he even prepared relevant supplies......

The woman suddenly felt a little dizzy in her head, and her body couldn't stop falling.

Before closing her eyes, she saw a sly smile outlined at the corner of Yang Hua's mouth.