Changxin, did all of you get in?


I saw in the group chat—most of the people who placed orders basically got in.
The new-issue price is 8.66 yuan per share, with a market cap of 570 billion+,
based on the current on-chain price, it’s $7—
that’s 5.6x, with a market cap of 3 trillion+.
It feels like this price should be possible, but going higher isn’t certain.
Looks like it really might become the #1 company by market cap.
What can make the market flourish is people trading inside the venue making money,
and that’s how there can be continued inflow from people outside the market.
From what it looks like now, the main force and institutional funds are so cautious,
so it feels like the money I got stuck with in A-shares,
will have to stay trapped for a while longer.
Looking forward to what Bao Ye said—an exquisite dance in August.
This time, the big A that got into trouble is the same as the mistakes made in the crypto circle before: acting against the wind, going against the trend. When the main force and the trend start moving down or pulling back, they still join most retail investors in celebrating crazily. The result is once again becoming liquidity leaving the market.
Teaching people—doesn’t necessarily work
Teaching people by experience—might take a few times before it clicks!
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