China Duty Free Friday ** price 8790 yuan, the lowest intraday 8652 yuan, and hit a three-and-a-half-year low, from the highest point of 40378 yuan fell, a drop of as much as 79%, and there is no sign of stopping the decline yet. It's horrible!
Not only China Duty Free, but also the top heavy stocks have been falling and falling in recent times, including LONGi Green Energy, CATL, BYD, China Merchants Bank, Ping An Bank, etc., these are big white horse stocks, the favorite of institutions, and the sweetness in the eyes of shareholders, but now they have fallen beyond recognition!
What exactly is the reason for this?These white horse stocks are all heavy stocks, all of which are hundreds, thousands of them, and they are not easy to sell in the current environment, and they have to sell some heavy positions in order to cope with redemption or repositioning.
Another important reason is that these white horse stocks have experienced a surge before, and some have increased several times, or even more than ten times, and the stock price has long been overdrawn. The current ** can only be said to be a process of value return, back to the price it should have been worth.
This kind of trend is not wronged at all, because you don't understand the meaning of value investing at all!