Original Qiqi Baicaidi Qiqi Baicaidi
Disclaimer: In the investment field, information changes rapidly. I record the stock market and my thinking process in plain language every day. The following content is my observation and thinking and does not constitute any investment advice. All profits and losses have nothing to do with me ☺️
Now that students are on summer vacation, the box office of summer movies has exceeded 4.5 billion. The movie "Legend" starring Jackie Chan has been released for 7 days, with a poor reputation of 5.5 points and a box office of just over 70 million. Nineteen years ago, the box office of "The Myth" starring Jackie Chan was 97 million. The box office figures are much different now, and the decline in purchasing power is even more incomparable. In short, Jackie Chan's movies have lost their box office appeal.
In recent years, Jackie Chan has made one movie a year. The box office and reputation of Foreigner, Dragon Horse Spirit, etc. have gradually declined. After Chinese Zodiac, he has not performed well again. There is no era without heroes, only heroes of the era! I like the movies starring Jackie Chan. The fighting spirit should be infected by everyone who has seen the movie.
But it is undeniable that Jackie Chan’s golden age has passed. He is still active in the field of action movies at the age of 70. His dedication to real shooting is indeed admirable, but his physical function is not as good as before. In addition, the subject matter of the movies is repetitive and old, and the audience is tired. It is like a joke that is not funny after being told many times. The tastes of young audiences today have changed. The young actors in Jackie Chan’s movies can’t keep up with Jackie Chan’s performance and are boring.
No matter what, I wish Jackie Chan can do what he likes, be happy every day, and enjoy his old age!
…back to the market…
1. Today, there are no surprises in the A-share market, only disappointment! The Shanghai Composite Index fell 0.45% to close at 2962 points; the total turnover of the two markets was 675.1 billion, which was slightly better than yesterday. Shanghai enterprise reform concept stocks rose sharply, 3,800 stocks fell, the market was lifeless, funds went to speculate on the Beijing Stock Exchange, and the Beijing Stock Exchange 50 rose 7.2% to close at 759 points. It's meaningless.
2. Yesterday, Shanghai fired the first shot at the market value of state-owned enterprises! The Shanghai State-owned Assets Supervision and Administration Commission convened a meeting on market value management for some state-owned enterprises and securities institutions in the jurisdiction, calling on Shanghai state-owned enterprises to strengthen market value management, deepen state-owned enterprise reform, and make good use of various market value management tools and capital market platforms.
So today, Shanghai state-owned concept stocks rose, even Jinjiang Online and Jiaoyun shares hit the daily limit. As the only Shanghai-based company among the world's top 100, SAIC Group has a net asset of 25 yuan per share, and its stock price has been below 16 yuan for a long time. Is it because of poor asset quality or low management efficiency? We need to reflect on this. I support the market value management of state-owned enterprises. Shanghai has made a good start, but I hope there will be specific implementation plans and reward and punishment measures in the future, so that rewards and punishments are appropriate, rather than just three glasses of wine.
3. Professional Li Daxiao made a horizon statement. Although the market is still below the horizon, many people are pessimistic. When people are pessimistic, a turnaround is often not far away. Haha, it is highly likely that A-shares have not reversed yet. You should know that the "diamond bottom" introduced by Comrade Daxiao before is a well-known reverse indicator.
...Coin Circle...
4. Bitcoin rose slightly today, breaking through 65,000, but the currency circle is still shrouded in the shadow of Mentougou's sell-off. Yesterday, a small transfer test (0.021 Bitcoin) in Mentougou caused Bitcoin to fall by 3%. Market confidence is so fragile!
Looking at the chain, there are 138,950 bitcoins with a total value of US$8.24 billion. About 90,000 will be distributed directly to retail creditors (at a cost price of US$4,500-5,500). The distribution will continue for 2-3 months, with the first batch of 40,000 bitcoins.
This is already very clear. The clearer the news is, the more vigilant you should be. Market news is always lagging, and it will be too late to come back to your senses! If all of them are really sold, can you withstand such a blow? If you bet that Bitcoin will not be sold too much, then you must bear the worst case scenario, otherwise don't bet and do a good job of risk control of your positions. People who are familiar with me know that I don't touch contracts anyway, I only do spot transactions, so it doesn't matter if it is sold.
5. I couldn’t understand the surge in WLD yesterday, so I cleared out my position at 2.27U, with a loss of 35%. This morning, it was pulled up to 2.87U again. After checking the information, I realized that this dealer was really bad! Last night, Binance announced that the unlocking period of WLD was extended to 5 years.
I don’t know whether people fail to understand this message or are blindly confident that they can compete with the dog dealer?
a. The white paper rules formulated at the beginning of the project issuance are now changed by the project party. What a bullshit consensus. You are being played like a monkey. Can you play with it?
b. This message says that it will be extended for 5 years. It will still be unlocked starting from July 24. The first year of the unlocking schedule remains unchanged, but it was previously 720 days, but now it is slower to 5 years. Note that it is every day! There is an old Chinese saying that the longer the night, the more dreams you have. Aren’t you afraid?
c. Decentralization is what we promised, but now we only need one sentence, what is the original intention? Just for fun?
So think about the story, will it be like this: the project team wants to unlock the tokens to cash out, and the tokens fall in price and cannot be stopped. The team sees that this is not going to work, and they can’t make much money from selling them, so they change the rules to increase the price first, after all, they are still short of money to open a coffee shop!
6. There are good news every day. The approval of Ethereum spot ETF should be a foregone conclusion. It is rumored that it will be officially launched on July 23, so it is estimated that it will be approved on July 18 at the latest.
In addition, the CEO of BlackRock Capital has now admitted his mistake, saying that he had a misunderstanding of Bitcoin before. In fact, Bitcoin is digital gold. These institutions really follow the wind, holding positions = "professional", haha. The consensus that Bitcoin is digital gold has long been formed, otherwise it would have fallen down long ago, and would not have risen again and again to new highs.
The money-making effect in the secondary market is relatively poor. Pay more attention to the primary market later. FIGHT increased 1,000 times in two days, which is quite explosive.
The above is my learning and record today. Friendly exchanges are welcome!
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