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The stock price fell for 13 days out of 15 days after listing, from 65 to 39, and it has already broken the issue price. What should retail investors who bought at high prices do?

2024-08-24

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The new stocks nowadays are not for listing, they are clearly for selling the company. They are glorious when they are listed, but once they are listed, the fox tail is exposed and the company is not ready to take them anymore. We are not afraid of retail investors buying. As long as you dare to buy, I dare to sell!

Look at Liju Thermal Energy. It has fallen for 13 days in 15 days since its listing and has now fallen below the issue price. The stock price has also dropped from the highest of 65 yuan to 39 yuan. The company's market value is still 3.6 billion. Look at the K-line, it's too scary. If you look closely, it's almost all green. Even leeks can't stand being harvested like this!

The sponsor is CITIC Securities!

The sponsor of Liju Thermal Energy is CITIC Securities. It originally planned to raise 1.53 billion yuan. The quotation range received during the inquiry process was 16.50-82.00 yuan per share. Finally, CITIC Securities discussed with Liju Thermal Energy and set the price at 40 yuan. It issued 22.75 million shares and actually raised 910 million yuan, 620 million yuan less. CITIC Securities took away about 56 million yuan in sponsorship fees!