My cousin has been losing a lot of money these days! He bought a stock called Cologne. Some time ago, the stock market fell sharply, and he saw that the bottom of this stock was large, and stood firm on the moving average, steadily attacked, and the performance was very strong, and the shape was also very good, and he felt that it was about to start.
So I bought 100,000 shares at 8.15 yuan, spending a total of 815,000 yuan, thinking that I could make a lot of money. However, after the purchase, the stock began to crash sharply, and the stock price fell in free fall, falling sharply for 7 consecutive days. Yesterday, Cologne shares closed a positive line at the bottom, and he thought it had stabilized, thinking about going to make up for the low cost today.
As a result, today's opening directly fell all the way to the flash crash, and the end of the market actually fell to the limit, and the two cities fell the first today. In just 9 trading days, the stock price fell from 8.15 yuan he bought to 3.61 yuan, a drop of 56%, and his cousin lost 450,000 yuan in 9 days, as if he was in another world!
At present, the price-earnings ratio of Kelong shares is -32.59, the performance has been losing money year after year, and the company has been struggling in losses for nearly 10 years, with a market value of 1.027 billion. I worked hard to save money for 10 years, and I lost it in 9 days! My cousin said that he would never buy this kind of small-cap junk stock again, it was terrible!