Dan bin, a private placement boss who attracted great attention due to “suspected short positions” not long ago, was suddenly banned by microblog!
On April 6, the microblog of Dan bin, chairman of Shenzhen Oriental harbor investment, showed that “the user is currently in a state of prohibition due to violation of relevant laws and regulations”. So far, Dan Bin’s last microblog has stayed on the evening of April 5.
according to the Chinese reporter of the brokerage, Dan Bin’s microblog will be banned for 180 days, that is, up to half a year. Some netizens said that this punishment is more serious. At present, Dan bin has nearly 13 million fans
According to the data of private placement network, the net value of some products of Dan bin has been updated to April 1, and the net value has increased slightly, but there is still little change, which means that Dan bin may not have increased his position in a large proportion, and the probability is still waiting for better reasons and prices with a “bullet”.
It is worth noting that the recent position management and operation of two investment leaders – Zhao Jun, head of Danshui spring, and Duan Yongping, a well-known value investor, are contrary to that of Dan bin. Dan bin responded to Zhao Jun across the air.
Dan Bin’s latest net worth remains unchanged
On March 25, a Chinese reporter from a securities firm found that hundreds of products of private placement boss Dan bin were suspected to be in short positions or light positions. Dan bin confirmed that the report was objective. Later said that the position is relatively low, about 10%. When Dan bin increases his position has attracted much attention.
According to the latest data of private placement network, the net value of some products of Dan bin has been updated to April 1, and the net value has increased slightly, but the overall change is still small, which means that Dan bin may not have increased his position in a large proportion.
For example, marathon 1 updated its net value on April 1, up 0.64%; On April 2, the net value of Dongfang harbor value investment increased by 0.32% on April 1. Dan bin probably still holds the “bullet” and waits for a better reason and price to enter the market again.
It is understood that although the positions of A-Shares and Hong Kong stocks have been greatly reduced, some products of Dongfang harbor have also made some strategies of pure US stock snowball structure. It is estimated that most of the accidents will not occur on February 4.
On April 5, Dan Bin said, “April 4 is another observation day of ‘snowball products’ in US stocks. It rose sharply last night. Tesla, Google, Amazon, apple and Microsoft all knocked out, and only FB is still 1% short.”
Dan Bin said that he has made some snowball products in 18 years and has done some this year. I have a little experience that snowball products are defensive strategies. Even if it is a 30% safety pad, there are still some risks, especially in the event of major changes, it is easy to knock in. For example, FB only fails to meet its expectations, and the first batch of snowball products are “knocked in”. We can only expect a big rebound “knocked out” to get ticket interest, otherwise it is equivalent to a high position.
However, as a defensive strategy to obtain ticket interest, snowball structure has limited contribution to its net product value.
According to the data of private placement network, up to now, there are still 85 products under danbin whose net value is less than 1, of which 35 products have a net value of less than 0.8 Dan bin once announced that as long as the cumulative net value is less than 1, all products are exempted from management fees.
Although the above products are exempted from management fees, products lower than 0.8 mean a floating loss of more than 20%, and it is difficult to get back the net value, especially if there is an early warning and liquidation line, it will test the opportunity to enter the site.
Dan bin responded to Zhao Jun in the air
It is worth noting that Dan bin has given many answers to why he has significantly reduced his product position, but the market is still questioning.
On March 31, Zhao Jun, the head of Danshui spring with a management scale of more than 100 billion, recalled his position management experience in dealing with sharp market fluctuations in the past. Zhao Jun said that in the face of the financial crisis in 2008, the position decreased relatively low. But then in 2010, it missed the sharp rebound of the stock due to avoiding the largest position in the pullback selling portfolio, which is a lesson in its investment history. “It is difficult for fund managers to achieve the ideal. When there is a risk, they can use the risk model to avoid it quickly, and when they encounter an opportunity, they can seize it quickly.”
on April 1, 4, Dan bin responded on his microblog that he had carefully read Zhao Jun’s sharing and was very frank. But the experience of Dongfang harbor is just the opposite. Before mechanical learning from Buffett, we didn’t sell or avoid the economic crisis and industry crisis. During the 2008 financial crisis and the Baijiu crisis in 2013 and 2014, we had been buying and selling the money in a completely empty way, without any evasion, which led to a very large retracement. Fortunately, the investment from 04 to 07 years went smoothly. Many customers gave enough trust and support, and also gave us the opportunity to think and adjust.
“After that, some risk control measures were taken before June 2015 and in mid-2018, and the results were very good. The position reduction in mid January and February 2022 was the same idea, but it was a little late.” Dan Bin said.
In Dan Bin’s opinion, there is no right or wrong in investment, only whether it is suitable for him. 10 billion and 100 billion private equity fund managers are all people who have grown up after the baptism of “bloody rain”. Only everyone has different experiences and lessons, or even the same experience. For example, in 2008, because of different outcomes, they even got the opposite experiences, lessons and conclusions. In addition, the different nature, source and product design structure of funds will also lead to different operation modes and choices at a certain moment.
Different from Dan bin, Zhao Jun said in the exchange meeting, “after 2011, after our reflection on the past operation to deal with the decline, we set the position of the portfolio, which is determined by the opportunity you see. In the past, we were also in a high position, because we changed the portfolio into a high-level stock that did not bear the high risk, that is, the position was high and responded to the market by changing the structure.”
although Dan bin has explained for many times, many netizens and investors do not buy it. Many private placement also believe that at present, it is the bottom area, the risk of short positions is greater than that of high positions, and value investors should choose to stick to it. In this regard, Dan Bin said, “silence is the best, speak with net worth”
goes against Dan bin, Duan Yongping copies the bottom, Tencent, Maotai
As the number one iron powder of Maotai, Dan bin currently has only 10% of his position, which means that he has also sold a large proportion of Maotai and Tencent, which has always been optimistic about, which obviously exceeded the market’s expectations. At least he has not seen the signal of increasing his position at present.
However, Duan Yongping, another investment tycoon, bought Tencent and Maotai in reverse.
On March 29, Duan Yongping bought Maotai. “We bought some more recently. It has nothing to do with any news you see, not even the stock price, but there is just a little excess cash. I always think that from the perspective of 10 years, holding Maotai is a little better than holding cash in the bank.”
Later, a netizen said, “there are definitely higher income and more certainty than Maotai – certainty always varies from person to person! Choosing Maotai is just because President Duan understands Maotai and is unfamiliar with other companies with higher income”. In this regard, Duan Yongping said, “from the perspective of 10 years or more, I have not found any A-share company better than Maotai. Of course, I hope to find it.”
In addition to buying Maotai, Duan Yongping also copied the bottom of Tencent many times this year.
At the noon of March 14, Duan Yongping updated two updates successively, saying that “a batch of 145 Apple put expired this Friday and sold it a long time ago. Half of the money can be considered to be put on Tencent.” On the morning of March 15, Duan Yongping said, “tomorrow I’m going to change BRKB (Berkshire). I won’t wait.” On March 16, Tencent soared 23%
Dan bin responded to the suspected short position of hundreds of products: the position is relatively low, about 10%
Sudden! Dan Bin’s microblog has been banned. What happened to nearly 13 million fans? Previously, it had significantly reduced its position and announced that loss making products were exempted from management fees
If you don’t get your money back, you won’t charge money, even if you earn 100 million less! Dan Bin: share the difficulties with investors. Loss making products are exempted from management fees
