Founded in the early 1960s the Magellan Fund in惨淡经营the first 10 years on the face of the United States stock market crash, the United States was the largest ever stock market crash, a sinking almost Magellan - the total amount of funds from the company's founders, 20 million drastic shrinkage to the District 6 million. Therefore, boarded a small boat Magellan set off a storm like Peter Lynch is a power and tremendous captain, he was placed挽狂澜in with the high expectations of dumping heavy responsibility.
We have encountered serious redemption, Lynch had reluctantly closed the Magellan Fund of the measures taken, and lasted for four years. Despite finally fell incessantly, but even a Lynch seems to be so much easier. In this four-year closure period, Lynch forced himself to a kind of rigorous training - all walks of life visited the familiar, and the record in detail about each company or lead to the success or failure of the industry factors and continuously through the media Transfer to a future Magellan investor confidence.
Lynch used in the Magellan was a move is the most powerful high换手率. It was done such statistics, as in the Lynch fund managers in the first year, Magellan investment换手率is 343%, that is, an ordinary working day, Lynch about to buy 50 million US dollars, sold at the same time 50 million US dollars, that is to say, he sold 100 shares per day, but also buy 100 kinds of shares, even after three years of换手率remained at 300 percent. Of course, such a high换手率for Lynch This is indeed had to do this. In his own words, he not only is their choice to replace former stock shares, but also will pay investors realized the stock redemption request. In fact, to change hands dazzling Lynch has left many to regret. He sold many shares after a strong trend, in its place, but it falls short of new shares, and he often mocked himself "uprooted flowers, watering weeds." Unexpectedly, his famous quote this sentence described it, and one day actually received at Buffett's phone number, allowing him to request the annual report to shareholders in the quoted phrase.
But let extremely pleased to Lynch, four years on new customers for the closure period Magellan has finally won the chance to recuperate. Closed end of the first year,麦哲伦基amount to jump to 100 million US dollars, and start again to the public issue.
In order to avoid the United States continued downturn of domestic capital markets the negative impact of the closure period bear the pressure of a shortage of funds at the same time, Lynch腾挪a part of the funds quickly into the market abroad particularly in Europe, particularly in Belgium Bechtel • Have companies to invest in black the diving Magellan taste for the sea expedition to the first taste of the Arc de Triomphe and led to the scale of its funds have been drastically inflated.
• Lynch in the investigation Bechtel Corporation and the process is hereby found, supermarkets lion food as much as 25% of the shares are held in Beadle • Have company in the hands of black, and the lion share of the food was already far beyond Bechtel • Have the company's shares black. A rare opportunity to Lynch landed before. He began buying large black Del • Have company's stock, Bechtel • Have company and a share from 30 a share, up to 120 dollars, the Magellan to receive several times revenue.
In the next 10 years, Lynch Magellan Fund will send peak position. According to Lynch later recalled, from Magellan Fund re-opened to the public after 10 years, its annual average growth rate of nearly 30%, fund management assets expansion to 14 billion US dollars, the company's original investment quotas only on the table 40 kinds of shares increased to 1,400 kinds. The fund more than 1 million people and became Fidelity's flagship fund, and is the global asset management at that time the largest amount of funds, its investment performance is ranked first. Wall Street also out such an account, if someone in charge of Lynch as Magellan Fund in the first year of investment 10,000 US dollars, then 13 after there will be 280,000 US dollars of huge returns, the results exceeded the Buffett and Soros two investment Masters earlier investment performance.
Lynch fabulous investment story in the Wall Street heroes gathered spread like wildfire. The United States "Time" magazine said Lynch is the world's "first family of financial management", "happiness" magazine praised him as "the area of investment shares the most successful - a super investment Fest," the United States will fund rating company assessed lichter "history's most legendary fund manager" and a Wall Street name is now remembered Peter. Lynch their titles - "stock angel."
Know when to go home
CHARLIE horseshoe urgency. According to the general understanding of logic, but of success for flowers and will be escorted by the Lynch are no mounted troops on. However, entered the 46-year-old, Lynch made to the company resigned from the Fidelity Magellan fund manager of the applications.
高处不胜寒. Most allow Lynch to急流勇退decision he probably still operating in the capital to withstand the tremendous psychological pressure. Yes, Lynch will Magellan from a tiny "Fund Junk" made the fight a "fund aircraft carrier", and the successful stimulus and欢娱, but may be encountered at the same time keeps the torment and torture sinking .
According to Lynch's statistics, the United States stock market in its Magellan fund managers as the 13 occurred nine different degrees of adjustment, each of the adjustments, the Magellan Fund's share holdings, it was down more than the market index decreases, when the rebound the gains than the market average or larger. As a "capital appreciation fund," Magellan, like other high-return stocks, also showed wide shocks characteristics. Especially in the 1980s in the latter part of the market adjustment, the rapid growth of Magellan Fund first setback, although Lynch had already sold dozens related company shares, but he subsequently bought other stocks but not leave enough cash As a result, after two months had to sell 689 million US dollars stock fulfill 1.3 billion US dollars of redemptions, the day of the fund net asset value losses 18%, losses amounted to 2 billion US dollars.
Of course, Peter. Lynch is not a fear of failure, otherwise he would not take over from the former Like a chicken feathers to the Magellan. But that does not preclude Lynch faced by ordinary people as a career pressure. In 13 of the fund manager career, the size of Magellan Fund and the rapid expansion of the media constantly questioned, which are always encouraging him to challenge limits; but also nobody knows and is continuing to create a fund simultaneous increase in performance and scale new record Behind Lynch paid by the high price - he must every Saturday overtime, the daily work more than 16 hours, or even to leave in order to facilitate the sale of the directive, fail to see the real life of their own private space.
Using the words of his wife Caroline, when Lynch in the Wharton School of Business and her date, only talking about two things, "stocks, the stock market there." Aftermaths lichter about the reasons for his departure, his explaining the same highly humane, he said, when he puzzled at a Hamlet-style question: "When wealth is your slave, the value depletion in the rest of their lives to it, or to let you accumulate wealth for your services?"
Lynch attracted many people the decision he made all kinds of after-service arrangements, but all of these are Lynch refused. And he is the only acceptable down to him Fidelity issued by the Board of Trustees as its first vice president of the invitation.
2007年12月11日星期二
Rescue Magellan
Founded in the early 1960s the Magellan Fund in惨淡经营the first 10 years on the face of the United States stock market crash, the United States was the largest ever stock market crash, a sinking almost Magellan - the total amount of funds from the company's founders, 20 million drastic shrinkage to the District 6 million. Therefore, boarded a small boat Magellan set off a storm like Peter Lynch is a power and tremendous captain, he was placed挽狂澜in with the high expectations of dumping heavy responsibility.
We have encountered serious redemption, Lynch had reluctantly closed the Magellan Fund of the measures taken, and lasted for four years. Despite finally fell incessantly, but even a Lynch seems to be so much easier. In this four-year closure period, Lynch forced himself to a kind of rigorous training - all walks of life visited the familiar, and the record in detail about each company or lead to the success or failure of the industry factors and continuously through the media Transfer to a future Magellan investor confidence.
Lynch used in the Magellan was a move is the most powerful high换手率. It was done such statistics, as in the Lynch fund managers in the first year, Magellan investment换手率is 343%, that is, an ordinary working day, Lynch about to buy 50 million US dollars, sold at the same time 50 million US dollars, that is to say, he sold 100 shares per day, but also buy 100 kinds of shares, even after three years of换手率remained at 300 percent. Of course, such a high换手率for Lynch This is indeed had to do this. In his own words, he not only is their choice to replace former stock shares, but also will pay investors realized the stock redemption request. In fact, to change hands dazzling Lynch has left many to regret. He sold many shares after a strong trend, in its place, but it falls short of new shares, and he often mocked himself "uprooted flowers, watering weeds." Unexpectedly, his famous quote this sentence described it, and one day actually received at Buffett's phone number, allowing him to request the annual report to shareholders in the quoted phrase.
But let extremely pleased to Lynch, four years on new customers for the closure period Magellan has finally won the chance to recuperate. Closed end of the first year,麦哲伦基amount to jump to 100 million US dollars, and start again to the public issue.
In order to avoid the United States continued downturn of domestic capital markets the negative impact of the closure period bear the pressure of a shortage of funds at the same time, Lynch腾挪a part of the funds quickly into the market abroad particularly in Europe, particularly in Belgium Bechtel • Have companies to invest in black the diving Magellan taste for the sea expedition to the first taste of the Arc de Triomphe and led to the scale of its funds have been drastically inflated.
• Lynch in the investigation Bechtel Corporation and the process is hereby found, supermarkets lion food as much as 25% of the shares are held in Beadle • Have company in the hands of black, and the lion share of the food was already far beyond Bechtel • Have the company's shares black. A rare opportunity to Lynch landed before. He began buying large black Del • Have company's stock, Bechtel • Have company and a share from 30 a share, up to 120 dollars, the Magellan to receive several times revenue.
In the next 10 years, Lynch Magellan Fund will send peak position. According to Lynch later recalled, from Magellan Fund re-opened to the public after 10 years, its annual average growth rate of nearly 30%, fund management assets expansion to 14 billion US dollars, the company's original investment quotas only on the table 40 kinds of shares increased to 1,400 kinds. The fund more than 1 million people and became Fidelity's flagship fund, and is the global asset management at that time the largest amount of funds, its investment performance is ranked first. Wall Street also out such an account, if someone in charge of Lynch as Magellan Fund in the first year of investment 10,000 US dollars, then 13 after there will be 280,000 US dollars of huge returns, the results exceeded the Buffett and Soros two investment Masters earlier investment performance.
Lynch fabulous investment story in the Wall Street heroes gathered spread like wildfire. The United States "Time" magazine said Lynch is the world's "first family of financial management", "happiness" magazine praised him as "the area of investment shares the most successful - a super investment Fest," the United States will fund rating company assessed lichter "history's most legendary fund manager" and a Wall Street name is now remembered Peter. Lynch their titles - "stock angel."
Know when to go home
CHARLIE horseshoe urgency. According to the general understanding of logic, but of success for flowers and will be escorted by the Lynch are no mounted troops on. However, entered the 46-year-old, Lynch made to the company resigned from the Fidelity Magellan fund manager of the applications.
高处不胜寒. Most allow Lynch to急流勇退decision he probably still operating in the capital to withstand the tremendous psychological pressure. Yes, Lynch will Magellan from a tiny "Fund Junk" made the fight a "fund aircraft carrier", and the successful stimulus and欢娱, but may be encountered at the same time keeps the torment and torture sinking .
According to Lynch's statistics, the United States stock market in its Magellan fund managers as the 13 occurred nine different degrees of adjustment, each of the adjustments, the Magellan Fund's share holdings, it was down more than the market index decreases, when the rebound the gains than the market average or larger. As a "capital appreciation fund," Magellan, like other high-return stocks, also showed wide shocks characteristics. Especially in the 1980s in the latter part of the market adjustment, the rapid growth of Magellan Fund first setback, although Lynch had already sold dozens related company shares, but he subsequently bought other stocks but not leave enough cash As a result, after two months had to sell 689 million US dollars stock fulfill 1.3 billion US dollars of redemptions, the day of the fund net asset value losses 18%, losses amounted to 2 billion US dollars.
Of course, Peter. Lynch is not a fear of failure, otherwise he would not take over from the former Like a chicken feathers to the Magellan. But that does not preclude Lynch faced by ordinary people as a career pressure. In 13 of the fund manager career, the size of Magellan Fund and the rapid expansion of the media constantly questioned, which are always encouraging him to challenge limits; but also nobody knows and is continuing to create a fund simultaneous increase in performance and scale new record Behind Lynch paid by the high price - he must every Saturday overtime, the daily work more than 16 hours, or even to leave in order to facilitate the sale of the directive, fail to see the real life of their own private space.
Using the words of his wife Caroline, when Lynch in the Wharton School of Business and her date, only talking about two things, "stocks, the stock market there." Aftermaths lichter about the reasons for his departure, his explaining the same highly humane, he said, when he puzzled at a Hamlet-style question: "When wealth is your slave, the value depletion in the rest of their lives to it, or to let you accumulate wealth for your services?"
Lynch attracted many people the decision he made all kinds of after-service arrangements, but all of these are Lynch refused. And he is the only acceptable down to him Fidelity issued by the Board of Trustees as its first vice president of the invitation.
We have encountered serious redemption, Lynch had reluctantly closed the Magellan Fund of the measures taken, and lasted for four years. Despite finally fell incessantly, but even a Lynch seems to be so much easier. In this four-year closure period, Lynch forced himself to a kind of rigorous training - all walks of life visited the familiar, and the record in detail about each company or lead to the success or failure of the industry factors and continuously through the media Transfer to a future Magellan investor confidence.
Lynch used in the Magellan was a move is the most powerful high换手率. It was done such statistics, as in the Lynch fund managers in the first year, Magellan investment换手率is 343%, that is, an ordinary working day, Lynch about to buy 50 million US dollars, sold at the same time 50 million US dollars, that is to say, he sold 100 shares per day, but also buy 100 kinds of shares, even after three years of换手率remained at 300 percent. Of course, such a high换手率for Lynch This is indeed had to do this. In his own words, he not only is their choice to replace former stock shares, but also will pay investors realized the stock redemption request. In fact, to change hands dazzling Lynch has left many to regret. He sold many shares after a strong trend, in its place, but it falls short of new shares, and he often mocked himself "uprooted flowers, watering weeds." Unexpectedly, his famous quote this sentence described it, and one day actually received at Buffett's phone number, allowing him to request the annual report to shareholders in the quoted phrase.
But let extremely pleased to Lynch, four years on new customers for the closure period Magellan has finally won the chance to recuperate. Closed end of the first year,麦哲伦基amount to jump to 100 million US dollars, and start again to the public issue.
In order to avoid the United States continued downturn of domestic capital markets the negative impact of the closure period bear the pressure of a shortage of funds at the same time, Lynch腾挪a part of the funds quickly into the market abroad particularly in Europe, particularly in Belgium Bechtel • Have companies to invest in black the diving Magellan taste for the sea expedition to the first taste of the Arc de Triomphe and led to the scale of its funds have been drastically inflated.
• Lynch in the investigation Bechtel Corporation and the process is hereby found, supermarkets lion food as much as 25% of the shares are held in Beadle • Have company in the hands of black, and the lion share of the food was already far beyond Bechtel • Have the company's shares black. A rare opportunity to Lynch landed before. He began buying large black Del • Have company's stock, Bechtel • Have company and a share from 30 a share, up to 120 dollars, the Magellan to receive several times revenue.
In the next 10 years, Lynch Magellan Fund will send peak position. According to Lynch later recalled, from Magellan Fund re-opened to the public after 10 years, its annual average growth rate of nearly 30%, fund management assets expansion to 14 billion US dollars, the company's original investment quotas only on the table 40 kinds of shares increased to 1,400 kinds. The fund more than 1 million people and became Fidelity's flagship fund, and is the global asset management at that time the largest amount of funds, its investment performance is ranked first. Wall Street also out such an account, if someone in charge of Lynch as Magellan Fund in the first year of investment 10,000 US dollars, then 13 after there will be 280,000 US dollars of huge returns, the results exceeded the Buffett and Soros two investment Masters earlier investment performance.
Lynch fabulous investment story in the Wall Street heroes gathered spread like wildfire. The United States "Time" magazine said Lynch is the world's "first family of financial management", "happiness" magazine praised him as "the area of investment shares the most successful - a super investment Fest," the United States will fund rating company assessed lichter "history's most legendary fund manager" and a Wall Street name is now remembered Peter. Lynch their titles - "stock angel."
Know when to go home
CHARLIE horseshoe urgency. According to the general understanding of logic, but of success for flowers and will be escorted by the Lynch are no mounted troops on. However, entered the 46-year-old, Lynch made to the company resigned from the Fidelity Magellan fund manager of the applications.
高处不胜寒. Most allow Lynch to急流勇退decision he probably still operating in the capital to withstand the tremendous psychological pressure. Yes, Lynch will Magellan from a tiny "Fund Junk" made the fight a "fund aircraft carrier", and the successful stimulus and欢娱, but may be encountered at the same time keeps the torment and torture sinking .
According to Lynch's statistics, the United States stock market in its Magellan fund managers as the 13 occurred nine different degrees of adjustment, each of the adjustments, the Magellan Fund's share holdings, it was down more than the market index decreases, when the rebound the gains than the market average or larger. As a "capital appreciation fund," Magellan, like other high-return stocks, also showed wide shocks characteristics. Especially in the 1980s in the latter part of the market adjustment, the rapid growth of Magellan Fund first setback, although Lynch had already sold dozens related company shares, but he subsequently bought other stocks but not leave enough cash As a result, after two months had to sell 689 million US dollars stock fulfill 1.3 billion US dollars of redemptions, the day of the fund net asset value losses 18%, losses amounted to 2 billion US dollars.
Of course, Peter. Lynch is not a fear of failure, otherwise he would not take over from the former Like a chicken feathers to the Magellan. But that does not preclude Lynch faced by ordinary people as a career pressure. In 13 of the fund manager career, the size of Magellan Fund and the rapid expansion of the media constantly questioned, which are always encouraging him to challenge limits; but also nobody knows and is continuing to create a fund simultaneous increase in performance and scale new record Behind Lynch paid by the high price - he must every Saturday overtime, the daily work more than 16 hours, or even to leave in order to facilitate the sale of the directive, fail to see the real life of their own private space.
Using the words of his wife Caroline, when Lynch in the Wharton School of Business and her date, only talking about two things, "stocks, the stock market there." Aftermaths lichter about the reasons for his departure, his explaining the same highly humane, he said, when he puzzled at a Hamlet-style question: "When wealth is your slave, the value depletion in the rest of their lives to it, or to let you accumulate wealth for your services?"
Lynch attracted many people the decision he made all kinds of after-service arrangements, but all of these are Lynch refused. And he is the only acceptable down to him Fidelity issued by the Board of Trustees as its first vice president of the invitation.
Peter Lynch: Wall Street "stock angel"
Buffett and represented by the focus on real value stocks and growth stocks of various long-term investors, Wall Street's top investment Masters Lynch typical of the modern investment Masters, he wrote a history of Wall Street Fund rare success and legend.
Fully玩转and拨动the billions of dollars set capital's rapid fermentation, Peter. Lynch wrote a history of Wall Street fund with legendary rare success in life and career at the time of turning back and retreating extremely brilliant, is left to the outside world curiosity and surprised to himself personally weaving past the large number of interesting investment case entered Boston College textbooks, approached the master of Wall Street's top investment, we see not only盈满its rosette are successful, more people uncontested of Dazhi big-hui.
From caddy to the financial management division
Waves粼粼the Charles River Promenade, escorted by shade the Boston College campus exuberant vitality everywhere. In Hancheng solemn teaching building, a professor of securities are vivid descriptions, to the sophomore year students in the United States of a company's future prospects air. After the lesson, students quickly溜出the room, he used the only wage income and the remaining scholarships Tiger Airways bought all the stock. Less than two years, this company stock from the original seven US dollars rose to 33 US dollars. It is precisely this investment, not only supports the students successfully completed the college, and from the mobilization of his investment talent, and in the future the United States has become a place of the greatest fund managers and investment Wizards - Peter Lynch -- Magellan Fund's founder, the incumbent United States Fidelity company's first vice president.
Lynch was born in Boston in an affluent family. His father was once a Boston College professor of mathematics, later became John. Hancock's高级审计师. In Lynch 10-year-old that year, his father died of illness, the whole family's life began in trouble. In the second year of the death of his father, Lynch introduced in the acquaintances went to the mine-laying •伯雷golf courses began to caddy work. "For a 11-year-old children, do caddy is a 'satisfactory' work, because everywhere along the golf course, run, the ball can be found to make money." May Lynch did not think, this is Green lawn caddy experience requirements and the impact on their future life. Mined •伯雷golf club members are the chairman and largest shareholder of the company, in addition to these figures, merchants also play golf, exchange investment perspective, from their conversation Lynch accepted the stock market in the early education, and sometimes Lin odd and even "renounce seized five ball tips, in order to hear from them boasted five investment skills," Therefore, the following players kick down the round ball, Lynch received the equivalent of a stock of knowledge of the free education classes.
Tiger Airways investment in the success of not only allow access to the lucrative Lynch pleasure, more importantly, strengthened his confidence of investors. He is convinced that in the stock market there has been a great enrichment opportunities, but as long as seize it, there will be more opportunities followed. Therefore, in the Boston College Graduate study, the use of the summer holidays Lynch Fidelity companies found in a summer work. Fidelity Corporation in the United States was the work of the Common Fund has done an excellent job, was described as a Wall Street investment company in Temple. Lynch was assigned to be in charge of corporate research and the work of preparing the report, the specific charge of the paper industry and publishing companies of the real situation in the field of investigation. This job not only to break the Lynch trades on the stock of the mystery, and has since the end of the indissoluble bond between Fidelity.
Access MBA certificates, Lynch spent in the military under two years, in the year of Legionnaires, Fidelity company gave him a permanent job - enterprises and commodities analyst. A few years later, 30-year-old Lynch on the Fidelity was promoted to director of research. This work for him a better understanding of the securities business provides a good opportunity for him after racing along the area of investment and accumulated rich and valuable experience. Three years later, Lynch was promoted to the Fidelity Magellan Fund's director. Although Magellan Fund were only 6 million US dollars of funds, business also is limited to a few large securities companies, but Lynch could take at least according to its own investment philosophy savings to display their talent long-standing investment, and has since let Lin odd and even began to create the Global Fund to Wall Street investment historical legend.
Fully玩转and拨动the billions of dollars set capital's rapid fermentation, Peter. Lynch wrote a history of Wall Street fund with legendary rare success in life and career at the time of turning back and retreating extremely brilliant, is left to the outside world curiosity and surprised to himself personally weaving past the large number of interesting investment case entered Boston College textbooks, approached the master of Wall Street's top investment, we see not only盈满its rosette are successful, more people uncontested of Dazhi big-hui.
From caddy to the financial management division
Waves粼粼the Charles River Promenade, escorted by shade the Boston College campus exuberant vitality everywhere. In Hancheng solemn teaching building, a professor of securities are vivid descriptions, to the sophomore year students in the United States of a company's future prospects air. After the lesson, students quickly溜出the room, he used the only wage income and the remaining scholarships Tiger Airways bought all the stock. Less than two years, this company stock from the original seven US dollars rose to 33 US dollars. It is precisely this investment, not only supports the students successfully completed the college, and from the mobilization of his investment talent, and in the future the United States has become a place of the greatest fund managers and investment Wizards - Peter Lynch -- Magellan Fund's founder, the incumbent United States Fidelity company's first vice president.
Lynch was born in Boston in an affluent family. His father was once a Boston College professor of mathematics, later became John. Hancock's高级审计师. In Lynch 10-year-old that year, his father died of illness, the whole family's life began in trouble. In the second year of the death of his father, Lynch introduced in the acquaintances went to the mine-laying •伯雷golf courses began to caddy work. "For a 11-year-old children, do caddy is a 'satisfactory' work, because everywhere along the golf course, run, the ball can be found to make money." May Lynch did not think, this is Green lawn caddy experience requirements and the impact on their future life. Mined •伯雷golf club members are the chairman and largest shareholder of the company, in addition to these figures, merchants also play golf, exchange investment perspective, from their conversation Lynch accepted the stock market in the early education, and sometimes Lin odd and even "renounce seized five ball tips, in order to hear from them boasted five investment skills," Therefore, the following players kick down the round ball, Lynch received the equivalent of a stock of knowledge of the free education classes.
Tiger Airways investment in the success of not only allow access to the lucrative Lynch pleasure, more importantly, strengthened his confidence of investors. He is convinced that in the stock market there has been a great enrichment opportunities, but as long as seize it, there will be more opportunities followed. Therefore, in the Boston College Graduate study, the use of the summer holidays Lynch Fidelity companies found in a summer work. Fidelity Corporation in the United States was the work of the Common Fund has done an excellent job, was described as a Wall Street investment company in Temple. Lynch was assigned to be in charge of corporate research and the work of preparing the report, the specific charge of the paper industry and publishing companies of the real situation in the field of investigation. This job not only to break the Lynch trades on the stock of the mystery, and has since the end of the indissoluble bond between Fidelity.
Access MBA certificates, Lynch spent in the military under two years, in the year of Legionnaires, Fidelity company gave him a permanent job - enterprises and commodities analyst. A few years later, 30-year-old Lynch on the Fidelity was promoted to director of research. This work for him a better understanding of the securities business provides a good opportunity for him after racing along the area of investment and accumulated rich and valuable experience. Three years later, Lynch was promoted to the Fidelity Magellan Fund's director. Although Magellan Fund were only 6 million US dollars of funds, business also is limited to a few large securities companies, but Lynch could take at least according to its own investment philosophy savings to display their talent long-standing investment, and has since let Lin odd and even began to create the Global Fund to Wall Street investment historical legend.
2007年11月24日星期六
Are you that that of the stock market can have no foam?
World the stock
Chinese the stock market has not actually wanted that American contact is so close, major problem general idea is that the very Chinese the stock market has the requirement of adjustment , add a series of policy of adjusting control again, the A site of the stock market at last if many persons is willing to fall.
Two months has not been new to send fund , but have not also blocked big plate , but forbid old fund continued camp pin recently , have broken bullet, this battle how to hit to win. And recently, it is recently low to open an account recently to make continuously, certainly, should adjust.
Bull market finish? Are many persons asking one after another? There is so rapid, before having the report that says Japanese the stock market to see top, market is a and optimistic , has not nearly seen empty sound , resembles Chinese the stock market there, not only, a lot of Chinese sees to decline , even a lot of foreigner also sees to decline. Wei nominal does not die , bull more than saying, if this many persons now see to leave empty , see top to just blame
The normal adjustment in one bull market
Recently, somebody writes a article, it feels that very good, our this market has foam really , treats foam that I have seen , what attitude should government adopt? It is to study Japanese, Taiwan active thorn to wear foam , brings the economic collapse of 10 some years , or studies America, substantiate foam constantly. Do you make the Chinese soft landing of the stock market? Answer is obvious. So, do you hope that our government is good to put long term point and tolerant point till hard-earned bull market and sight , is that that of the stock market can have no foam?
Little two bases quilt puncture, theoreticallyI come to guess that" this article, do I also feel
Have not finished if believing bull market, now really, it is the good opportunity of layout, Wei " tyro likes rise, past master likes to fall ", say is plenty of in adjustment good stock has very good intervention with price, seeing you know goods, do not know goods.
In Chinese petroleum, letter bond and ox bear
This week is to fall a
In this week, American the stock market appears to slump , includes the points more than 220 that are declining Friday , still do not know that produce what influence for the Hong Kong's share of Monday.
This week market of Hong Kong when the
In this week, the price of opening quotation of
In this week is known as big bull market
Chinese the stock market must be slumped one time, Chinese the stock market must also come one time share calamity, but the time of share calamity says not when at 6000 o'clock, general idea when at 20000 o'clock or at 50000 o'clock. Share calamity has come also do not be afraid of , not have immediately as rush tool?
This week very multiple want matter to do together, Sinopec appears on the market , fund forbids to last camp pin, American erupts according to continuity, America falls , the Hong Kong's share vehicle of straight line is postponed , certificate prison meeting Telephone notice fund sells do not buy. Share finger futures open floodgate, confidence collapses at last.
Spring river water warm duck prophet, the
Moreover Chinese petroleum, when before the idea of 19th enters index slump is actually a very good matter, is returning to to the very value originally for the price with unusual ten point, if my forecast has not been wrong , I foresee boldly here that Chinese petroleum meter is to coil to see day of base when index. Chinese petroleum is a very good company after all, hundreds of funds will be deploied after all , but the price of 48.6 Yuan has unusual ten point really, good thing should also have price just as.
Most extremely in is , letter bond slump to have no way of to explain, are you that big bear market begins? Is fund can not buy? Still little fly storehouse fear runs away? It is the latter to hope , if is the latter, so opportunity when is present.
If let me must do a choice in bear market and bull market, I hesitate still not to select the latter. Because of the foundation of bull market return when, because tendency strength is very powerful, because time incorrect, let the general public share the income of property because of wanting.
See you to
Bring the battle of handcuffs
Rebound is boundless, America slumps , adjusts on deposit capital reserve as well as share finger futures will soon put out , it is sensitive that strong tendency market leaves empty for doing good to empty numb, disadvantageous market for doing good to , market collapses at last, Shanghai index is declining once at two hundreds and eighty o'clock.
Appreciate the 10000 departments of Shenzhen, thanks in Shanghai letter bond, is because of them substantially rebound, have just pulled big plate from the edge of collapse to return. Minimum dozen when at 5032 o'clock, with September 12 at 5025 o'clock, it also has to form the situation of two bases.
Really, big plate falls a little excessive, one breath
We know that there is a what file etc. recently , restrict fund continued camp pin, it is hoped that not only, first hair has no , even continued camp pin also gets influence. And still have more not understanding is , allegedly fund has bought stock, a Telephone sends warning in the past , fund manager has lived in trick just like bundle.
Perhaps is management level have no way out , perhaps, it is market means ineffectiveness, but in any case, the means of this kind of administrativeness can not last absolutely, you use the means of marketization, no matter how to do , possible market can accept , as you may will capital reserve goes up tune goes to 20% is even higher, it is even higher that you may add interest rate to 10%? Only you dare. But can not solve problem with these administrative means absolutely.
In letter bond afternoon and morning two shapes? General idea falls , have too big , have fund do not hear Telephone to advise adopt action first, can you be also how about? If company's real value so many money, should buy certainly just as. Perhaps, it is many to fall , Telephone have no cause.
Big plate is analysed from technical surface, is
Perhaps, can not kill excessively to fall , but at 5000 o'clock, can you guard , still see whether rebound has quantity , still see that fund is tight and not tense? Still seeing to have Telephone advise?
Additionally American the stock market after all is real bear still false bear is also important. Originally strong tendency market, that pipe your America not America? But isn't now quite the same? Is disadvantageous market empty and very sensitive for what advantage? If this evening America slumps? Hong Kong can still exaggerate so Ma? Hong Kong one exaggeration? Does A share necessity get burden? Do you pity QD? This few days the destruction of whole army?
Have to praise a base people
Today, the National Bureau of Statistics announces October economic data, CPI reaches 6.5% again, market expected add interest rate is unavoidable , is on weekend perhaps , rebound quotations dies young.
It is the problems such as fund publishing and camp pin that the factor of original quotations adjustment still has besides rising the normal adjustment with too big , morning one sees Finance news, discovery A share slump to make management level begin to untie , again may Che minute fund , may again last camp pin , market goes high open high, but CPI announce discovery market last stop fall is far not so simple.
Rebound is boundless, hot and not hot. No collar rises board piece as well as after add interest rate, the breath bad receipt of bank share is narrow to worry , cause bank share massive return tune, so rebound Ga however stop.
General idea is that the range of adjustment is not enough , if the real adjustment of range arrives at 5000 o'clock already enough words, the time of adjustment obvious serious deficiency, want not must change space with time.
So, refering to the market expression of
In fact, after per ship quotations process, slumping having focus point take turns law, just like the financial real estate that work behavior represents on January 4 , return tune to announce the overall prominent emergence of low-priced share , 5.30 slumps to announce the beginning of rubbish share death , blue chips trend the center center of Chinese bond historical stage. This ship quotations fluctuate substantially, can you announce what? Will you announce that blue chips finish? Will you announce that low-priced share is again active?
See not clear, perhaps low-priced share really to have the opportunity , perhaps, blue chips will be adjusted , but when low-priced share has 5.30, there are probably still the opportunity of those few groups. But it surely has certain opportunity, however, the opportunity of blue chips will not be retreated , major reason is decided by current fund nature , is now that base people buies fund, fund buies blue chip. Blue chip will be been by death, is nearly impossible the problem of realization.
Say that base people has to praise one, as soon as originally, market falls , base people redeems to return , do fund must sell stock, this time, market slumps , seldom hearing unexpectedly to redeem massively have returned sound, seems Chinese common people have ripened , a lot of persons understand that the investment of fund is a long process, base people does price difference. Often fall into low sell is those educations of the educational person that is opinionated high catch up Jiong land, so, market education is just best and educational , needs there.
Share finger futures want bosom two fetus not to come
Today, what Shanghai the stock market
The focus point of market is intense switch, blue chips appearance massive return tune, and exceeding fall to share, low-priced share etc. arise massive rising, it is in little board index to rise the possibility with the best.
Ship rise is the law of the 鎵€鏈?necessity of the stock market, rise suddenly just like the financial real estate of second half of last year, low-priced share can't be , after January, blue chip can't be , low-priced share has fallen out , is few to fall out , after 530, low-priced share appears to slump , the most by the waist, but blue chips appear to turn quotations.
Actually the adjustment of blue chips, low-priced
Fund nature decision quotations nature, now after all is public imitate fund to take the times of absolute leading position , they can reduce perhaps, hold blue chips, but are they impossible to make smooth blue chips absolutely , can again buy what because they have sold blue chips?
As they unavoidable will buy back blue chip still, so, blue chip is impossible to adjust deeply as low-priced share absolutely, and the lesson of low-priced share has deep error too, low-priced share buy home again strength is limited, so, low-priced share may have quotations, but it may be understood that being impossible have the quotations before 5.30.
So, do exceed to fall share, the rebound of low-priced share also may, but blue chips return tune the only low good opportunity inhaled. This is the matter that will not be wrong forever , and does the rebound of low-priced share , is low-priced share quotations if wanting to emit biggest risk, also is one dies young quotations.
The share of real estate slump and lately not add interest rate relevant? And Hong tune relevant? It is relevant that somebody still says that goes bankrupt with " in Tian put field "? Really, it is perplexed, but the share tap of real estate slump is also opportunity perhaps?
Point at futures as to share have again raised climax, day,
Must can not come
The matter of good end, quilt these
Looking back to see at 3400 o'clock guard at 5000 o'clock, do not guard
Today, do you fill pessimistic mood in market? Do not go to 1E+11 close the business have aggravated this kind of pessimism stretch , at 5000 o'clock, do you guard? Various opinions. Ask some persons today, including some fund managers , have to say that 4500 has to say 4800 , certainly, somebody also thinks that guards at 5000 o'clock , but one of my old colleague is now the personal friend that imitates to say go to that is that I meet biggest gall bladder at 3000 o'clock, most rich one of imagination foresees.
In fact, are needs these to foresee? Do you do not need? Because it is unreliable to have forecast, even if have foreseen that you can not also go to carry out basically, as if I foresee at the beginning of September that in this year, quotations finishes at 6000 o'clock, time should be November in October is the same, now, seems foresee that allow disastrous , but have no how many meanings still for realistic operation.
But we will foresee still, forecast this
I before today describes rich guest, return have seen one to take off me June the rich guest that writes until August, discovering at that time also is as at 3400 o'clock view diverge very much, the time until the beginning of July, also have only hundreds of 100000000s close the business , up to 10 July few numbers, concerning a very close organization with me still say that have very strong support at 2800 one. The big plate of July 25 breaks through at 4300 o'clock. The most of organizations see mistake.
At that time I in rich guest relapse mentions have seen base at 3400 o'clock. Why? Actually, reason is not complex , though low-priced share is slumping , but the appearances such as bank share rise in turn, they do not be declining , why can big plate fall deeply? Write a article at that time "Financial share rises" so simple reason
But adjust this time at 5000 o'clock after all how to, break at 5000 o'clock is decided by what? Than 5.30, that some complex but a plate of rises fall or should be decided by big stock, low-priced share already by the waist rear beginning rebound in , letter bond has fallen 24 Yuan , China Merchants Bank has fallen 8 Yuan , they can still fall amount coils whether stand firm at 5000 o'clock barrier bond; Key has taken the 23% of Shanghai composite index, especially Sinopec, its rise falls may decide basically at 5000 o'clock gain and loss, so in, if letter bond is declining again to 80, if Sinopec falls to wear 35 Yuan , enters the words of the space of 30 to 35 Yuan, so guard at 5000 o'clock do not live.
Can Sinopec fall to wear 35? Biggest advantage leaves empty is American recession and according to storm have sunk to sink? Biggest advantage has risen 3 U.S. dollars well in price yesterday that is petroleum , reaches 98. My trend is that 35 Yuan can not break , can be guarded at 5000 o'clock, even if guard do not live , can not also break amount.
Perhaps is buttocks decision
Actually, Chinese the stock market is returned in the morning well, receiving Hong Kong's share in the afternoon slump burden just collapse , haven't you been so fearful? Pitiful the stock market of Hong Kong is not only influenced by A share and beautiful share, today, Japanese the stock market and Yen set breath have also hit it , America has not fallen yesterday, does this market take dry what? Have better to close calculate.
Slump that time after not is everywhere gold?
Have fallen at 5000 o'clock, market today
Why is so and strong, now, analysis reason general idea has the following: It is too big that one rises , 2 is peripheral the stock market slumps , American economy is put slowly, 3 is because macro-control accelerates , building city cools down seriously, 4 is supply increase , sends big plate share constantly, and not only, reduction demand and certificate prison can directly disturb the operation of fund manager unexpectedly , and still do not send new fund, forbid to come fund continued camp pin. 5 is to throw trip abroad to start a rumor everywhere. Market confidence collapses at last. It is gone to that 6 is low for Chinese petroleum 48 Yuan to drive high, have implicated big plate seriously.
I seems see wrong market, I think that have ascertained bottom at 5000 o'clock , but am having added condition at 5000 o'clock in my rich guest to guard at the back, this condition is Chinese petroleum can guard the low point of early stage. Additionally, possibility is the instinct of person, see many throughout so as ox soon city, seeing empty person throughout so as bear soon city can not recover , I am person , can not probably also get rid of this fatality. And I still foretell , even if fall to break can not also break amount? This is typical buttocks decision head.
, what to be done? The person of full storehouse rubbish must Feng reduce lb high to seek opportunity the high quality share of changing , the National People's Congress of full storehouse blue chip general only guard storehouse , the National People's Congress that has fund general may fall the more to buy the more, have no necessity to kill excessively to fall.
Each general idea I when recall Peter Lin Qi to deal with slump 3 methods, one is that rebound reduces storehouse, 2 is to dare to hold high quality share, in 3 is declining dare is low to inhale high quality share, actually, the suggestion on me is the suggestion of odd Peter forest , has no new thing.
Market has not seen base seemingly really. Is market now a and frightened? A lot of person just like frightened person? Want to run for life only, have not thought of to slump rear opportunity comes , that time, it is not so to slump after, slump that time not is everywhere gold? This actually again is buttocks decision head?
Will ask why? It is to circulate because now, we are going through the most great super bull market in Chinese bond history. Now in day, today, we are going through the normal, essential adjustment in the most great super big cycle of bull market in Chinese bond history. As this just.
I perhaps have been wrong , but certain is short line
Sinopec, share finger futures decide perhaps at 5000 o'clock gain and loss
The A site of the stock market more and more follows
Technical surface has not seen to stop to fall signal, eventually, big plate falls till what place , is to can not understand really. But big a plate of adjustment range is certain, is concerning two things, one is Sinopec what place sees base? One is share finger futures put out time?
Sinopec has taken the 23% of Shanghai composite index, can say for a plate of influence is very remarkable, can say preceding few weeks slump have very close contact excessively high open with Sinopec, after suming into index, Sinopec is declining from 38.82 Yuan to 34.59 Yuan , is declining to exceed 10% , its a company implicates Shanghai composite index is declining to exceed at one hundred and twenty o'clock. If it falls more than, big plate can not stop fall , if it rises , a plate of possibility that is declining is very little, moreover Sinopec is though the Asian company that most makes money , but according to many researches, report is seen , this firm coming 3 years complex growth rates has only 10%, though, it is good company , is not definitely good stock, Sinopec whether stop fall measure big plate whether stop most important one that falls index.
The factor that falls till second big plate is share finger futures put out time to be related closely, on April 27 of this year, I have written share to point at futures , put out a article for that stock is major advantage well, paste again, do you see that there is reason to have no?
Reason
Now, many funds dare not enter the stock market, hit new share only, why? Risk is also that you buy into any kind, your money horse goes up bare in risk, this is that big fund dare not enter the stock market and can only hit the prime cause of new share, but share finger futures put out , all these will become historical , right now, we can expect share surely to point at the non reason of futures , only non rational futures price, cause plenty of a huge sum of funds to march into the arena arbitrage, the assumption fund original possibility of 100000000 Yuan is to hit new share, now, this possible 90000000 of 100000000 Yuan enters the stock market to buy on-hand stock , 10000000 enters share to point at futures throw empty index, so, this fund gets very probably in a quarter to exceed , is 10% of to have no risk profit, must pay attention , current big fund march into the arena have no risk at all, such a huge sum have no risk profit will cause unimaginable big fund to enter this stock spot market , this market will have to rise.
Not know explanation
The 2007-10 - 29 analysis time relation of securities market is simple to analyse + recommendation
< xml:namespace prefix=o ns="urn:schemas-microsoft-com:office:office"/>< p> < p/>
Also have no time today to see that closing but last Friday is very clear as having said , Monday rebound. With all, have said that do bank and real estate continuously, steel whole are born. From the tendency of Monday, see that bank and morning of real estate go to winner , but rise because of succession, but in the afternoon, tendency is slightly unstable, bank is not bad, and the short period of real estate may arise 1 or 2 little overcasts. It is shining that steel begins whole in afternoon, individual thinks that short period may be still continued upward.
From a plate of location, rebound has no problem,5434, coil5462Have begun rebound ,5462Is low and some,5800, once forming6155, it does not be willing
From risk index, today, have entered the risk district of advance warning, the continued rising of tomorrow will make big plate enter risk Gao Wei. Therefore have been improper for and then caught up in large quantities tomorrow to enter.
We may guess the focus point of tomorrow first, after finance, real estate and steel, it should be who? If you guess , it is too stupid to not come out. Metal and Coal , former not is always so go to? Coal which is puting supernatural fire above everything else and the metal headed by Shandong gold should show tomorrow. Have certainlyThe Chinese capital( group) head office< p>< p/>
Time relation writes these , though Monday, rebound still estimates Tuesday that is rebound, but many each share tendencies are not ideal , the possibility of the adjustment of short period has not been canceled yet, some of so many tickets should still have to be declining space, is careful.
Wuhan new
The 2007-10 - 30 analysis of securities market would not low head in wilderness
< xml:namespace prefix=o ns="urn:schemas-microsoft-com:office:office"/>< p>< p/>
< p> < p/>
Tuesday, rising is also to mind5800, so want6155Have marched. This high point should not be to lead layer
Come to see first that
1^The forest of good fortune: Comment on: This is that the5.30.< p>< p/>
2^Center trip30Day is"2007Tsinghua"Name,5In year, the condition of economic growth Comment on: At some time, person will feel that center trip president says that it is some to be still in charge of seemingly than the lead of bond to use. So this is this month he says risk for the first time.< p>< p/>
3, is brewing aimed at Chinese International Airline, south navigation and 3 eastern navigation big airline companies is new round of to take over the hearsay of reshuffle, director of CAAC Yang Yuan is first10Month29Declare"My individual disagrees that 3 big" Comment on: Remember that I have said that" old big China" will surely become bigger in terms of both size and influence , so, aerial kind of the following reshuffle is inevitable, must not had been fooled in a few words. From this, all still have the problem that development goes to think for example Car, can do big one?
4, Department of Commerce: Comment on: It is inevitable matter that price17Have said that end of the year is intervened however , this has reserved space to price rising. The rising of international grain price, have also played the part of influence for Chinese domestic price.
5^Many nation-wide provinces not arise the wasteland of diesel oil with degree, land place Henan of Central Plains also does not allow optimism. According to the tense supply of diesel oil, Chinese petroleum chemical engineering Henan petroleum branch puts out counter-measure yesterday urgently , guarantees to supply on the one hand , guarantees to normalize operation on the other hand. Comment on: One has not risen in price massively, this is to reserve a means given the stock market. Now, Sinopec will come out , leading need market to go down , so really after going down , also do not want to see if adjusting , is regulated by whom? It is simple, as soon as price rises , Sinopec China Petroleum and Chemical Corporation gets up , index gets up oh.< p>< p/>
< p> < p/>
Yesterday, guess meeting is in Coal and metal goes up , but the hot quilt of today is aerial to have snatched to go , and rises to stop a lot, it is not rumors that though, lead says that more combined more possible comparison is little, but I believe. From the risk index of index, it is very strange, today has no change, and have not entered absolute risk district , maintain risk district still. So, seem that the rising of Wednesday is still may in order to stay.< p>< p/>
Is discovery pitied? We now seems in one day of one day see that the rise of tomorrow falls , this explains a problem: Altitude is tense. Under such atmosphere, actually, it is very unstable, once begining to be declining , can arise plenty of frightened plates. In the rebound of today, the super share that falls is compared , and the former elephants who drive rising for two days begin to have stoped step , today, old aircraft carrier is other except Baoshan iron and steel plant600050^600028^600900Show good , also< p>< p/>
From each share, I believe that the old aircraft carrier that says above may still rise continuously, however for majority share, the necessity of having not already caught up. Big can not, management level does not supply , we may wait6200Catch< p>< p/>
Fund main force should be thought of continuously upward , but is now the problem that leading layer wants to consider , this is once rich Yi contest. Hope that the stock market rises , but will low head, short period is still to see policy.< p>< p/>
Hand itch, it must600028Or600900I say that< p>< p/>
< p> < p/>
Wuhan In week,< p>< p/>
The 2007-11 - 1 analysis of securities market ask monarch examination to ask eastern running water
< xml:namespace prefix=o ns="urn:schemas-microsoft-com:office:office"/>< p>< p/>
< p> < p/>
Index has6000Point has thenKDJGo up have caused one to deviate from. Petroleum has become the most shining profession certainly, Chemical fiber and steel fall can't seek north. Think formerly petrol price will put to go to use on back adjustment market index, have not thought that now is had , adjust oil price at this time is really that certain role has no for promoting index.
Market is hard to more and more polish for us, this
1^11Month1Day takes petrol,500It is first, happeningCPIGo0.05%. Comment on: The National93#Petrol5.34It/Liter does2It is first. General95U.S. dollar , want the feelings of major event of not this nation-wide people, complete may again etc.. Until Sinopec arrives market, waiting for index fall do not let one glad, increase then by China Petroleum and Chemical Corporation with Sinopec two drive market rebound, aren't you better tool?CPIIncrease is inevitable , is mysterious
2, allow off year: Market Comment on: Are you interesting? ?It is not that I say these we economists, for China economy is not good forecast suggest reasonably, and always add fuel to the flames , dangerous speech towers to hear. The lead of Zhou Xiaochuan says that prevents financial crisis, economist says that has now exceeded Japan and foam peak-hour. Before linking my this one for two years, have foreseen the person of financial crisis , when tell all that China is not that the Thailand of same year is also not Brazil of same year, it is not easy matter to want to do to step us. As a finance, study home, it is such frightened to make contribution and manufacture for the steady development of Chinese economy more, have you what meaning? Whom gives you bonus.
3, when market fund surface improves , the center ticket interest rate of 3 issue that publishes in near future is raised on all fronts, make market have aggravated is all right for center again the expectation of add interest rate. Comment on: Liter breath is the matter thatCPIIncrease.11Month
4, American31Day is decided , will federal0.25Percentage4.50%, to meet the recession Comment on: Say that this has been the beginning2-3Year. America lowers interest , will surely make the storage fund of America in bank have no stand , to know that now, American has become Chinese heat for the investment of China, the American Chinese capital of flow direction will be larger , the investment of China will be hotterCPIIt will be higher , foam will be larger.< p>< p/>
It is still that sentence words, China is not2008Can occur. All need not worry< p>< p/>
From a minute of6004Point is declining to belong5988Is declining to10:43Besides rebound belong to technology to buy plate , other is that private investor buies plate completely. This explains current market go up organization is careful on the contrary more than all is prudent.< p>< p/>
Give all on weekend the600720Already600802Also begin falling. The week line of last< p>< p/>
Today11Month, behind estimated in4100000000 many incomes are the service charge3866After counting , management level can not< p>< p/>
Profession goes up see , petroleum600069Cloud day8.62%Tomorrow should be still reluctant< p>< p/>
Observe600478,Foam nickel profession will not publish 45000000 new shares openly , will get larger increase space along with the again and again urgent power battery of the non-renewable energies such as Coal and petroleum with foam nickel.< p>< p/>
< p> < p/>
Wuhan In week,< p>< p/>
< p> < p/>
2007-11 - 5 also has no time today , is so simple to say
< xml:namespace prefix=o ns="urn:schemas-microsoft-com:office:office"/>< p> < p/>
Sinopec48The index of having caused today market is declining , and the process that this one is declining is estimated to at least maintain a important support location that early stage gives all forecast one day , do not know to remember not5434As , it is
The Cement profession of very best weekend introduction shows good last week, Monday partial rises return may, but whole are not good. However, it is also not very far to believe to take over to be away from us. So from Cement as soon as excavating , possibility is still to be able to find gold.
Today, a little board piece enters eyeball , isSTItAMay also enter
The real estate of short0002And600048Can go through the short period of few days to be declining. Financial share because of the share of securities trader is declining , make board piece take off stroke, the estimated share of securities trader still has to be declining space, the space of bank safe share is not large. Recently, the steel today rebound that is declining continuously suggests to do not intervene hurriedly, after all, the negotiation of the stone of iron mine will have result. Car board piece start , have embodied the old saying of Chinese shareholder fully: Advantage is empty to be full of advantage well. It is expected that short period still has rising space.
FromKLine is seen , tomorrow5434Will seems arrive still , will arise massive technology here if breaking to throw plate , each share loss is larger. Hope to do not break. Index futures soon, all storehouse position can only control when40%Following,
2007-11 - 7 securities market analyses in disorder my heart person, day of today tired worry
< xml:namespace prefix=o ns="urn:schemas-microsoft-com:office:office"/>< p>< p/>
< p> < p/>
Today early plate though5469, distance the5434, deviation35Count0.69%, soon afterwards, begin rebound , is still red eventually. The market index that has changed yesterday falls each share rise, discover after bonus is a plate of to be declining domestic number is more than to rise. So here is not is final bottom?
1^ Safe group andQDII, is allowed to invest2006The total asset of year end2201000000009.6100000000 Comment on: This is tip of the iceberg, what all see is that financial group make investment outward, and actual meaning is the control of management level for risk, and for the guide of fund direction.< p>< p/>
2^ Rubing rootPE/GThis estimate value method relatively CommentPEWith my precedingPEMay is not aPEIt is< p>< p/>
3^ Chinese center trip president Zhou Xiaochuan shows yesterday in Shanghai, It is expected that until end of the year, an expert on China expands , can have alleviation, center trip will not adopt before being this is new to reduce measure, may not very tighten up monetary policy greatly. Comment on: Has inflation alleviation? This is a message that I see today and am not most understood. Put on only in those years the time that dragon is president , have appeared in him to say not the 4th day after add interest rate suddenly add interest rate time.< p>< p/>
4^ National5Day sends notice again, ask large scale grease enterprise to increase edible oil production , guarantee that market supplies , stabilize market price , at the same time warn edible oil production to manage enterprise reinforced self-discipline and reasonable price , strictly forbid price illegal behavior. Comment on: Actually,10Month9MonthCPITime, say falling,10Month general10Month futures price10MonthCPIVery may rebound. Actually, happening< p>< p/>
5^ Yesterday, center851000000001Annual34010000000028Day is counter-purchasing19.35Basic point, and counter-purchasing35A basic point Comment on: Convention< p>< p/>
Market focus point seemingly again has got direction , is concentrated on Coal can not however regard as to fall out turn to see. I have said, the market main force of back may change temporarily somewhat strategy, it is the speculation of suspension index share , and turns to the excellent share in non index. Because so long as index does not rise , management level will not at least feel unwell too on psychology.< p>< p/>
Rebound allKDJ, and11Month1Day isKDJGo up have appeared to deviate from ,KLine, can14.:41Afterwards, begin to have to snatch a plate of intervention , conclude quantity to finally a minute of time to be even higher than opening quotation. Somebody also proves to snatch plate. This is said by me5434So long as geting support< p>< p/>
For remembering a matter160It is many , discovers180It is many,201.73. Hope to have person can< p>< p/>
See from the wind directionCPIRising, I think that can continueNational grain oil07Produce per year quantity to dropCPIHave risen , can not< p>< p/>
So now play rebound return may, build15%Is declining , are you all right? From< p>< p/>
Meet the continued rebound< p>< p/>
< p> < p/>
In week,< p>< p/>
The 2007-11 - 12 analysis of securities market green Ming vast do not see base
< xml:namespace prefix=o ns="urn:schemas-microsoft-com:office:office"/>< p>< p/>
< p> < p/>
Index is declining again, what another person is surprised is that with Thursday and Friday than, it is too many as falling that frightened plate has not already been so enough , short period has thrown sheet deficiency. At the same time, base position snatches a plate of sign is also obvious, concluding quantity is not as good as Thursday and Friday, this lets me feel to a little hesitate, actually Thursday the low position of Friday snatches plate is the behavior of private investor? Do you say still that fund also stops hand here? My individual thinks that what the first kind of possibility is weekend relatively to snatch plate is not organization , is ordinary investor.
We come first to see message
1^ People's10Day is announced11Month26Day , go
2^ In golden vice-general manager Comment on: Index futures now sees that distance is not far. Many persons fear index futures , after I also say too big a plate of fast rising before, put out index futures, meeting produces negative influence for market. But now, the stock market is being declining considerably! In the process that is declining fast if put out index futures, I do not say that you have known that will become to promote index rebound and rising. If real is when4800Point is put out , so,
< p> < p/>
Recently, other messages are10Month12Day begins to leave emptyHan ZhiAThe site of the stock market shows desolate, the stock market existence Beng a plate of danger " I think that will not appear temporarily. The well bad and economic development direction of the stock market can not part , is to have increased imagination space only , can deviate orbit. China now has no fast slippery sign that falls , has not also arisen the sign of collapse, so, the stock market still has support foundation. As to the leak on economy, it has a periodicity outbreak , and is now not the budget issue of outbreak( see the forecast of preceding rich guest), so excessive pessimistic have no necessity.< p>< p/>
Now, index4814Calculation support location, it may resistQFIIEntering2004End2005In year and at this time, it is the most terrible time of Chinese the stock market, then the fat first big ear that foreigner earns. Current U.S. dollar is declining , just, force plenty of foreign assets to ChinaQFIIAuthorized volume degree alsoBShareHShareAShare, completely is foreigner earns usQFIIEventually, eat full belly< p>< p/>
So when4814I plan to begin to do rebound, and goal is the most interesting state-owned enterprise a plate of share that now falls , these are mainstays. Focal point still when finance and real estate goes up , finance is the foundation of development, real estate is the foam of development.< p>< p/>
For the current problem of many persons: " I will cut meat. " my reply is: Have no necessity. Preceding let you little the time of compensating department , you do not happen , insist to have etc. have stood a loss50%Do you happen again?300Count. Now, it can only be very hot for dead600176, 3 preceding very pretty< p>< p/>
Recently, what rise is that3G, communication. Can these be gone to for a long< p>< p/>
< p> < p/>
In week,< p>< p/>
2007-11 - 14 analysis one of securities market night flies to cross mirror lake month
< xml:namespace prefix=o ns="urn:schemas-microsoft-com:office:office"/>< p>< p/>
< p> < p/>
Rebound has person to say that is because the American big rebound of the stock market has person to say that because Hong Kong jumps to leave empty big rebound , somebody says that so-and-so orders fund to begin to build storehouse , no matter say what , at least rebound. After a cross star, the probability of rebound is still good, and steel has been can't restrain , for instance600019. After all, a600019Short30%.< p>< p/>
So, I think that more person is thinking , actually,< p>< p/>
1^ Zhou Xiaochuan: Know steadily Comment on: May see today to conclude quantity though little have to magnify , but do not go to comfortable feeling. I think of major reason in leading speech. Does negative interest rate how to be come out? Is becauseCPIRising speed have exceeded interest, have caused depositCPI, 2 is add11The futures price of month comesCPIIt is seems not very easy,< p>< p/>
2^ 10Month70Big-middle city9.5%,BeijingMonth room.< p>< p/>
Comment on: I have said, market thinks of rebound we still do finance and real estate surely, at the Chinese economic time that has not gone to decline , foundation is financial, foam is real estate, it is the same that elephant drinks beer, it is water or soak should not, must two have just development is good. So at the time that economy has not declined , real estate will surely rise continuously.< p>< p/>
3^ Shanghai price department sends notice recently , adjusts the pin price shelf of natural gas of the users such as industry. In which turn to use natural gas increase the price by range is biggest, reach66%. Comment on: Petroleum has risen , so, the energy that can replace a little needs the process of adjusting on a price , want to even rise corn, it does not be risen that natural gas has no reason. Please seek the stock of this reverse side, for instance, are you broad to remit?< p>< p/>
4^ For American3Cover"Patriot2"Antimissile equipment promotes system, Chinese Comment on: When this matter comes out afterwards,< p>< p/>
Copper aluminium is good suddenly, management level has issued the file administered for aluminium field, this is that one does good to for aluminium, at the same time let colored Men have seen hope. Early stage always lets one hold to lose601808^601088^601857Until having arisen rebound< p>< p/>
We come first to see the rebound11The rebound beginning from point is not the behavior of organization seemingly , organization after opening quotation little have movement, and resembling the general idea of organization behavior really is when14:40Separate beginning. So know why today conclude quantity< p>< p/>
Do we how to come to face such quotations? First on policy, still possible favorable empty, so our heart has worry, secondly so, we can not also miss good rebound quotations completely. So, we should seek reliable share in rebound , may short line can grow receipt again. For instance: Bank of China and the industrial and commercial bank in bank in, real estate protect sharp real estate and 10000 departmentsAEtc.. It is that funds control plate relatively highly to have again, for instance: Chinese Chinese International Airline and 81 steels. Such stock is for us , go in afterwards if market appearance again adjustment, is also simply4814Point and adjustment can not be also adjusted somewhat. Only market rebound, these stocks are still the kind of main force after all, fund , personal raise etc. large scale computer Gou will not give up them.< p>< p/>
Current market can not remove again downwardQDIIHave begun to increase volume degree, the time< p>< p/>
< p> < p/>
In week,< p>< p/>
The forest on the 2007-11 - 19 analysis of securities market numerous flower shines eye is new
< xml:namespace prefix=o ns="urn:schemas-microsoft-com:office:office"/>< p>< p/>
< p> < p/>
700Domestic100Home is decliningIt is too big that Sinopec today idea seems this role of deciding sea supernatural needle into each big index, a person is declining may shield have rising, the rising of or a person may shield have is declining , index has had got the feeling of serious distortion. So in such market, how to should we face? After seeing message first, come again to discuss.< p>< p/>
1^ Zhou11Month18Day is expressed , he is all right for Comment on: This expression seemingly explains that interest rate need not be added temporarily, however, I see , is concerning the expression of market. We of early stage have analysed, now if index does not rise , management level now seems basically satisfactorily, that all comprehend this purpose relatively, index share falls , non index share rises , problem is solved. This state can keep , add interest rate may wait.< p>< p/>
2^ Zhou19Day is expressed , Chinese center passes Comment on: What this trick is most important is that restrict mobility, looking eat benefit. However, want to be also , if each matter raises interest rate always, why may the house loan of many persons be changed? Say that is income increase14%, the person of around one has not< p>< p/>
3^ Century member secretary"It is first"Go up expression, support high quality asset Comment on: This is to become bigger in terms of both size and influence , should say that is partial stock companies to become internationalization, these company's campaigns of more wide needs space, then can contend with with international rank company. I am to say , am not only to order pattern on scale, with the current administration of state-owned enterprise, I see to produce the biggest company's point of some worlds , is not difficult , problem is managing ability. But this is to have got the opinion of international rank after all , has this opinion , has our opportunity on the stock market.< p>< p/>
Does the person of a pile see that the profession of environment protection has risen today , has thought? Preceding just say that will levy the what tax of what environment, so, this is the business of the profession of environment protection. Who environment does is not good , who pollutes , is big, who will be competed tax , has better to still do the project of environment protection. For environment protection, I believe do not come for a long time one bright spot, and see that environment protection does not be confined , many environment protections has new energy revive or create. This is also the bright spot of a profit.< p>< p/>
Early stage says with all that main force is very possible to give up or suspend index share , and turns to non index share, purpose is the support measure of management level , does not raise index, and the price of share is insignificant actually, rise Heaven household also no matter.< p>< p/>
We may now see that some board pieces may participate , one is weaving, one is war industry. But what this two board pieces will pay attention is that divergence will be compared. Weaving rises because of cancel coordination, war industry is because capital is poured into and rises. Is but not that entire board piece may be benefited , after it is momentary to rise , many companies that have not been benefited can not realize long-term rising still. Whether have powerful connections to sustain , all are nearly impossible to again grasp. The most simple method is to see that main force and the shareholder research in the breath of open letter are tracked , why600689Shanghai 3 hair recent ox? Should think first< p>< p/>
On message, we are scattered peoples, believe that6Month30Day9Month30The shareholder of day makes statistics of data, I say that am very useful, because this duration has not good market. If see a lot from the calculation of price, each share that increases storehouse should say that is quilt cover. These organizations are given in vain in, big bull market has covered want to turn over to be easy very much for them. Big fund quilt cover , do we go in again , are not the matter of a happiness? They do not happen , we also do not happen , not letter he can so accept to fall , after all now, it is bull market.< p>< p/>
That day says60058181 steels and reasons are also so, see that shareholder studies to realize suddenly. Today is seemed , this choice short period is also correct. Weekend I strive for to all to list somewhat worth-while attention increase the stock of storehouse, let refer to.< p>< p/>
In week,< p>< p/>
The 2007-11 - 20 9 young ringing phoenixes of securities market disorder Jiu Jiu
< xml:namespace prefix=o ns="urn:schemas-microsoft-com:office:office"/>< p>< p/>
< p> < p/>
Chinese petroleum still falls , simply is angry person flax, it has no advantage that big a plate of index short period looks , see that share general idea is more better and more than seeing index. A share has begun today, is very active, at the same time seeing collar the board piece that falls jumps out basically, begin rebound , for instance steel and bank. Preceding we say that market has begun to change to do a plate of train of thought , all will also change train of thought , preceding we always see index share to be showy alone, now we more want attention is the rebound of high quality stock, instead of the participation of index share.
1^ Zhou Xiaochuan expresses that the center"In not do long-term". He expresses that center2008Year will not Comment on: This is the most comfortable news of hearing today perhaps, worry about add interest rate every day, now has said next week will not, have no risk for two weeks. Leting us temporary do not insist , is angry, but can not rise index still high.< p>< p/>
2^ Chinese Premier19, on day here from 3, haveTo prevent
3^ Fund net Investigation Comment on: If appear to redeem massively to return, is that management level does not be willing to see temporarily. Can influence the steady harmony of the market of short period. So can say big fund when5000It is nearby to begin4814Count.< p>< p/>
4^ The department work member and National Development and Reform Commission of national defence issue recently jointly" some opinions about promoting satellite application industrial development". Our country will complete application satellite, serve type change from testing application type to business, establish more perfect satellite application industrial system. Comment on: The success of Chang E has seemingly given China hope, after the financing field of war industry opens , it is with more body to have mentioned satellite. Therefore mid-term is seen , should be still very hot for the investment of spaceflight , seems to add attention for the stock of spaceflight groups.< p>< p/>
5^ The second batchShare24Domestic organization Comment on: Management organization may produce article , will have enterprise fund to enter , it is not quite possible that when fund is continuously unceasing to intervene market, deep is declining. Time gains the possibility of space is larger.< p>< p/>
Now, the role of index is not great probably , we are not as good as foresight temporarily return on share or profession. Steel and Cement have become hot today. Steel is more severe as early stage falls , Cement is early stage I say that it is big to take over more possible comparison. The organization of the more rebound explanation of steel has can't restrain , after all, steel is the stock in the organization ranks of first selection still , can not be given up as bank share.< p>< p/>
We may be careful to observe65%, Chinese70%, such share actually even if the68Nearby the line< p>< p/>
Adjust in our1, the condition that index can not rise takes2, index share can not give30%, that is good opportunity. After all, organizationsQFIICan only also< p>< p/>
For the current share on hand held , suggest to5000Transfer to a lower level , but have5000It is nearby, price has no too big change. So, this time for the thing on hand do not give up easily. For partial metal shares, temporarily or to look around , after all on futures, price is more as falling.< p>< p/>
In week,< p>< p/>
The 2007-11 - 21 analysis of securities market 100 empty mountain birds break up to suit
< xml:namespace prefix=o ns="urn:schemas-microsoft-com:office:office"/>< p>< p/>
< p> < p/>
Have given the false appearance of a morning, Chinese petroleum suddenly rebound , let one excited and a really , but have arisen very quickly the unilateral situation that is declining. What possibility most deceive person should be metal kind of stock , Chinese aluminium field and pack first aluminium field has assaulted3%, but very quickly in big plate is declining , with green, is closing. Preceding have said with all, nonferrous metals are still not that the aluminium price on option market and the opportunity of participating is declining obviously temporarily, copper the price of today nearly falls to stop , zinc falls continuously for two days to stop , therefore short period sees that the market price of nonferrous metal will be very unstable.
See the message on
1^ Several innovation kind of securities trader begins to try through coiling independently water share finger the arbitrage of futures trade, also this kind of test of arbitrage trade has pointed at emulation market from issue to fight into spot market, them are passing relatively frequently business Hu is deep300Weight share comes Comment on: Seems next war will fire on index futures , now when the double-edged sword on our head is not only interest, expect that finger is also one. Have now again said that expect that finger has no time table, so, it has again become a means of the adjusting control of management level.
2^ Chinese3.510000 tons of diesel710000 tons11Before the Comment on: International petroleum priceAThe expression of China Petroleum and Chemical Corporation and Sinopec of the site of the stock market goes up see , today make fall down to the sign of base , estimated tomorrow should little have rebound.
3^ Wen Jiabao estimates today11.5%, and reiterate again " will avoid economy from will soon turn to overheat comparatively, will at the same time prevent price from structuralness rising becomes obvious inflation " , show that the risk that Chinese economy increases quickly been increasing , has aroused central alertness. Comment on: This leading words have intension, first explanation will determine the nature if the stock market rises again to overheat , second central government already alertness , the situation of mad rising already one does not return. 3th price has been close to the edge of obvious inflation.
4^ Chinese steel field2008Annual steel product200-300Between Yuan, expert35%. Comment on: The rising of price may alleviate the cost of short period to rise , but really, the rebound that does not hope recent steel is because is this, because of the rising of price and not explain it to produce can the increase of or management ability, is forced by cost price. So, the development of enterprise is completely passive state.< p>< p/>
From the minute14After counting , have arisen the panic of continuous three times to throw plate , this lets the possibility that I feel tomorrow rebound have increased on the contrary. Today, two board piece burdens are a plate of and more serious, one is financial share, one is petroleum petrochemical industry. From financial board piece, see that the most bank share has entered the region of safety zone today , may at any time rebound, petroleum petrochemical industry also the metal region of safety zone. So, seem that very possible short period can arise rebound tomorrow.< p>< p/>
The hot concentration002***Board piece go up, in all is the sub-new stock002144^002148Etc. conclude quantity obvious002***Have rising space still, may pay< p>< p/>
The friend of some empty storehouses002***, but to notice to will soon< p>< p/>
Cement of600449The industry and 601006Big Qin railway< p>< p/>
< p> < p/>
In week,< p>< p/>
< p> < p/>
Mid-term is paid attention to , is paid attention to with short period
< xml:namespace prefix=o ns="urn:schemas-microsoft-com:office:office"/>< p> < p/>
See on601857Chinese600028Chinese petrochemical
Additionally,600883The rich0796Precious002172Ao foreign
< p> < p/>
Is worth for
6006893 Shanghai0709Tang600022Jinan0418Little600075Xinjiang600569Anyang600428In Yuan0877Tianshan600011China60058181 ,002003Wei600307Wine0677Shandong601666Level600029South600069Silver0028It is002031Huge0937Golden600487It is0911South600961Zhu600096Cloud600479Daughter600991Length600557Kang601006Big Qin0667Distinguished600087Nanjing002010Biography600050Unicom0968Coal0715Resurgence600117Xining600389The stock600802Fujian600649Raw600238Hainan0707Double-loop6006311000683Develop600791Make600720Qilian600673It is0560Kun one-hundred600665Universe0927A steam0411Britain601919Chinese
Bamboo branch word in experienced
Bamboo branch Free time is read concerning the anecdote of Chengdu, in which have a lot of chant Song the poem word of Chengdu. These poem words are very witty, distribution makes thick local flavor, read to make one cuddly. The author dare not enjoy alone, after special duplicate , let friends can after wine in tiny drunk thin thin play. One The poem concerning Big aunt The 2 Jiangxi Qi friend Now have " this bamboo branch word Clear end Qing Chu, Sichuan even goes through chaos caused by war, it is popular that population rapid decreasing again meets with pestilence, the distant and out of sight unmanned mark in city, brave leopard comes out for day, is leisurely on avenue to roam. According to record, at that time, whole river( include Chongqing) has population only6The person more than 10000, is still not as good as now Chengdu the population of a street office control. Under this kind of condition, Qing Ting organizes large-scale immigrant into river, so that Sichuan appearance big immigrant and big development , melt the phenomenon of remiting. " this bamboo branch word ", write is big as this kind of each province nationality migrates to melt to remit. 2 , Dozen In this How many Handicraft Prevent Ring angle Assemble Jujitsu All advocate Come on Sell each Blame to Say that In jujitsu How many Advise Lang Guarding What above-mentioned each poem is written is that Chengdu early years " hit gold Zhang ". " hit gold Zhang " beat to hit. Chengdu of early years " hit gold Zhang " at the same time hold when holding colored meeting in green sheep palace. In the memory in son, father has seen for that Zeng Dai Wo goes " hit gold Zhang ", so still remain so far in the brain for same year green sheep palace the fuzzy impression that dozen beats. What will explain is that " hit gold Zhang " may not picture the wushu performance of today. Actually, the wushu of today have become " dance technique": Establish set road in advance, it is that when having a match , contestant performs one according to the set road intended. " hit gold Zhang " movable is real shelf, claim " appear on the stage do not accept father, raise hand to see difference in degree ". It is mutual in order to prepare several amount , sees bonus( bleeding) , pours stake( pour land) , swings to fall out ( dozen falls down to or leaves ring) sentence victory or defeat, the life and death in match no matter, conceited it reproaches. To ensure safety , it is whole , forbids to dig eye and lock throat when having a match , picks Peach( grab to hold private parts ); Bleeding and pouring land and steping down and closing law( lose dozen to beat ability ) are lose completely. Do not violate above-mentioned stipulation only, contest-participating player casualty no matter. The matter of natural the dead is few still to occur , because of both sides if" dozen hairs", judge separates both sides with flag. Final winning person may get " Jin Zhang "( golden quality medal). When this at that time is the matter of honor. Taiwan goes up dozen gets flame to splash......9 religion 3 flows Unfortunately after found country, the real dozen that starts gold Zhang have disappeared gradually. The wushu match of today, with same year " life and death hit gold regardless of " " comparing with Zhang ", there is great difference really. 3, rush Entrance Little bridge Advise Lang Having turned " this bamboo branch word " write is green sheep palace " colored meeting". " spend meeting" is same year Chengdu person very important one grand meeting in one year, it is also our matter that these children most hope in those years. Each go to " colored meeting" for duration, sedan chair and chicken public vehicle , slide horse and visitor a group of squeezing like, tidewater land to the green sheep palace that is located in west suburb gush. Then, general mood is simple and honest, everybody sticks to male and female big defence, when entering the colored land of meeting place, man goes to the old entrance of the highroad, woman goes to into meeting place the another road opened recently. So, author says ," advise Lang Xiu to injure to leave , having turned to bend approach ", because after entering meeting place, may again assemble together. 4, brocade The silk Half enter This song Human world " this give flower Qing " happen Is because Chengdu I birth in Chengdu onePANG^PANGTING( Chinese Pan sound) in " loom sound grow up. The person of today the possible unimaginable Chengdu brocade of same year worker is how work hard. It is first, they foundation has no on the concept of going home from work. When do you go to work? Eat prematurely meal will go to work; When do you stop work? Day dark cannot see to do workable method just stop work. There if is not your rich home, use do not take clocks and watches. Secondly, it is the concept that has no holiday and Sunday at all. In in one year, exclude end noon , autumn and error the year of the old Chinese calendar outside in, one year hard is to accomplish New Year's Eve from the Spring Festival. A person if is engaged in this occupation, he basically if always accomplish aged continually since be an apprentice , old go up can not machine is still engaged in " alter by " and " alter latitude "( become roll go through , parallel skirts " jade son", in childhood I only one finishes the school day to do this kind of work in gang home) this kind of relatively relaxed workable method. Up to wind candle year true do do not move to free oneself. 3th works , have big strength. Most work hard is the master of loom. Right-hand man and control foot to want at the same time movement: Dual tactics alternately " lose shuttle " and control loom, two feet will cooperate with to step on beneath with both hands is a row of to have woven bamboo pole. Have steped on a certain bamboo pole, that part of corresponding parallel had been mentioned or laid aside. The apprentice who takes being spending upstairs wants the relaxed movement of master that he cooperates with somewhat only beneath, both hands mention flexible cord alternately in order to mention or lay aside another minute parallel. Teacher pupil both sides then can weave various patterns on brocade through this kind of coordination tacit agreement. The silk of old Chengdu weaves field have own profession public meeting. The profession that father attends public will be called " 3 emperor meetings". In my memory, the silk of old Chengdu weaves have a rule: Old Chengdu does silk all to weave field , breakfast is same with soybean bud, do vegetable. Some household field is done slightly , please have apprentice even helper. But no matter being helper or apprentice, having meal is with master family same table. But since Qing You of fried soybean bud is very expensive, teacher mother cannot afford , according to the words that people say then frequently, can only use the oil of 525. "525" is not , have really put Qing You of 525. Even as the old name of 162, the oil of 525 uses still not , actually," 525" is the homophonic of " brandish two dance " , is apprentice, with helper, do not satisfy few sentence complaint words that teacher mother puts and that oil is few and says. It is far that old Chengdu is away from us, what leave
订阅：
博文 (Atom)
