November 28th is the last trading day of this month.

Just this morning, Chen Qiaoshan completed the construction of the position and held Guotou Electric Power in full.

With 590,000 yuan, it has accumulated 660 shares of Guotou Electric Power.

In the domestic stock market, there are minimum requirements for buying stocks, and a minimum purchase of one order transaction is required, totaling one hundred shares.

There is no limit on selling. When encountering stock allocations, excluding rights, dividends and other things, you can get stocks, so the whole purchase and sale of stocks is implemented.

Of course, there are exceptions. When applying for new stocks, buy at least 1,000 shares per order in the Shanghai Stock Exchange, and at least 500 shares per order in the Shenzhen Stock Exchange.

As the stocks were obtained, Chen Qiaoshan's heart also rose.

Coincidentally, on the 28th, the Shanghai Composite Index plummeted by 57 points.

Ten years later, this is the normal daily rise and fall. However, in 2003, the market fell by more than 4%, and the Shanghai Composite Index hit its lowest point this year at 1307 points.

At the beginning of 2003, the Shanghai Composite Index hovered around 1350 points, and the highest mid-year jumped to 1650 points, with ups and downs in the middle.

I worked hard for a year and returned to the pre-liberation day.

No one expected that the Shanghai Composite Index would hit a new annual low at the end of the year, and the market suddenly turned green.

Guotou Electric Power is inevitably affected by the market, and its stock price fell 1.7% on this trading day.

Chen Qiaoshan was very up and down. He saw that he would almost have to add a deposit when he did this again.

The deposit is definitely not available, so you can only find a way from other places.

Chen Qiaoshan was a little worried, but the situation was still within controllable range. The next two days were weekends, and the stock market was closed, so there was still room for buffering.

There was no movement on Saturday. On Sunday, the article Chen Qiaoshan had worked hard to write was listed on Sohu Finance.

At the beginning of the article, Chen Qiaoshan naturally criticized and slandered Li Su again, and ran away.

Next, the problem of Guotou Electric Power's annual report was revealed.

Since he proposed a bet with Li Su, many netizens who don’t know the truth are waiting to watch the fun.

There is no way, who made Chen Qiaoshan like to make trouble? He bombarded this and that. This time he even made the naked running on Chang'an Street. I think he must have found the target in advance.

Many people guessed the beginning, but the end surprised them.

There is something wrong with Guotou Electric's annual report. The problem is not that data fraud or it is not involved in related transactions, which is interesting.

The article clearly states that the losses disclosed in Guotou Electric Power's 2002 financial report are the revenue status of Xinghua, Hubei Province, which has been replaced. Guotou Electric Power only went public through a backdoor listing and inherited its original debts.

The financial loss in the first half of 2003 was a policy loss due to the new power policy.

Due to the loss of performance disclosed in the annual report, Guotou Electric Power's stock price is still at the level of Xinghua, Hubei Province, which is completely incompatible with the existing asset valuation.

Many people are inevitably confused when they see this. This time, Qiao Shan of Peking University suddenly changed his style and did not bombard the listed company for fraud. He changed it to an annual report analysis.

But if you continue reading, many people will be even more unable to understand.

In the second half of this article, there is no mention of Li Su or talking about individual stocks, which has completely become an analysis of the economic situation.

Many people find it strange that there is nothing to analyze, the economy is weak and the stock market is sluggish.

Now it is a bear market, and the stock market masters in the past have disappeared.

Occasionally, one or two people jumped out and pointed at each other, and they were shy and timid. They said everything they were talking nonsense. After hearing it too much, they could see through it. Anyway, there was nothing real.

Chen Qiaoshan’s articles are different, without a single ambiguous sentence.

In the middle of the year, due to the sluggish market conditions, the government introduced a stock market stimulus plan and opened up the entry of off-market funds. At that time, a large number of experts jumped out and promised confidently that the stock market would get out of the dilemma in the second half of the year.

Stimulated by this, the market quickly became popular. The Shanghai Composite Index climbed rapidly from the original 1400 to nearly 1700 in just a few days.

Many people sighed repeatedly that this might be another replica of "5.19".

Unfortunately, this wave of market lasted too short, and the subsequent continuous fluctuations caused retail investors who originally wanted to take the opportunity to turn around to suffer heavy losses.

Since then, no one has ever emerged from those so-called economic experts who have a reputation.

Everyone knows that Qiaoshan from Peking University is just a student, but he is not very famous, and it feels a bit strange to dare to stand out at such a moment.

But when you see the content in the article, many people have a very strange feeling.

In the article, Chen Qiaoshan pointed out that the story stimulus policies introduced in the middle of the year have good benefits to the stock market, but they cannot be revealed at the first time.

He bluntly pointed out that in the past, those experts made inappropriate predictions, economic operation had their own unique rules, and securities investment had to take into account the market environment.

It is impossible to introduce over-the-counter capital into the market for A-shares, and it is impossible to achieve immediate results.

Overseas open-end funds approved for entry will have an adaptation period for the domestic market mechanism, and the choice of the opportunity to enter the market is definitely prudent.

Chen Qiaoshan directly gave his prediction: After half a year of brewing, the dividends of economic stimulus policies are likely to appear in the near future.

The article states that since the 1997 financial crisis, after more than five years of economic regulation policies, the domestic macroeconomic may have escaped the shadow of economic tightening, entered a new round of rising period, and is expected to reach its peak within two years.

Based on the above situation, it is not difficult to conclude that the stock market today is likely to have bottomed out.

Affected by this, open-end funds that have been waiting and watched for a long time are very likely to enter the market in the near future, and a large amount of funds may be injected into the A-share market in the near future.

The article points out that although these open-end funds are institutional investors, their influence on the market may not appear soon, but their guiding role in the market is beyond doubt.

If the fund really enters the market, it is very likely to take the lead. This bear market may not pass in a short period of time, but a rising market is definitely destined.

...

Seeing this, many people started to wonder, and Qiao Shan from Peking University is as bold as ever.

Many people complained in their hearts that there was no conclusive evidence. They dared to predict the stock market based on the domestic economic environment alone, and this person was too confident.

It's a bit inappropriate to say that, it should be too arrogant.

What makes people speechless is that the article has not ended here.

The article speculates that overseas investment institutions have their own inherent investment model.

These newly entered institutional investors are good at long-term investment and mainly hold for long-term holdings.

Therefore, they generally choose blue-chip stocks with large market capitalization, low price-to-earnings ratio, high dividends, and stable performance to hold them, and often choose leading companies with low valuations.

Based on this, the market will experience a short-term upward trend in the next six months, and the blue-chip stocks with the largest weight in the above five industries are driven by this wave of trends.

The article even gives a prediction directly.

Chen Qiaoshan asserted in the article that Qilu Petrochemical and Wuhan Iron and Steel Co., Ltd. are representatives of blue-chip stocks and are likely to be the target of fund selection, and these two stocks are likely to outperform the market in the future.

At the end of the article, Chen Qiaoshan turned to the power industry.

Due to the impact of the Asian financial crisis, the country has introduced measures to "de-capacity" and the construction of power facilities is the first to be affected.

After the Asian financial crisis, economic tightening led to oversupply of electricity, which directly gave rise to the policy of "no power plants for three years".

Due to the addition of WTO and infrastructure investment, the sudden start of real estate investment has led to a serious power gap.

Therefore, Chen Qiaoshan concluded that the power industry will inevitably become a new industrial hotspot in the future, and undervalued power companies will also be sought after by the market.

Finally, Chen Qiaoshan did not talk about the macro economic situation anymore, but instead started stock comments.

He directly gave a prediction of the current stock market trend: the market has bottomed out, and there will definitely be a rebound at the end of the year, with the increase expected to exceed 10%.

This article is completed so far, leaving people with infinite imagination.

Many people have read this article, but most of them don’t care.

In their hearts, this article is a joke.

Chen Qiaoshan made a lot of noise in the past, but it did not involve the macroeconomic situation. Whether it was hops, Delong or Southern Securities, they were all single listed companies. Even if there were any problems, they could not get involved in the macroeconomics.

But in this article, we use the economic trends in recent years as evidence, and even give a real economic trend.

Among those who have read the article, most people hope that what Chen Qiaoshan said is true, but rationally told them that this prediction is too ridiculous.

Chen Qiaoshan’s identity is not a secret. Even economic experts cannot accurately predict the economic trend. What can a student bear? Even if he is from Peking University, no one cares about it.

As soon as this article was published by Sohu Finance, Li Su immediately learned the news. He read Chen Qiaoshan's article carefully and couldn't help but sneer in his heart. This is really a big joke!

He couldn't help but sigh in his heart that his opponent is still too young, and the stock market is something you, a student, can predict? There is also the domestic economic situation. Who told you that you have already emerged from the shadow of deflation? Even if you want to become famous, you have to find a more reliable solution, right?
Chapter completed!