While cleaning up junk at home yesterday, I found my investment notes from years ago. Looking back at some of the stocks now is quite emotional...
First is the leader in civil service exam training $OFFCN EDU(002607.SZ), which had a 10x run after its backdoor listing. Even when it was under investigation in 2021, it was still at 10 yuan, but now it's less than 2 yuan per share...
Next is $*ST BAAN.SZ, formerly called BAAN Water. I remember it was in seawater desalination, mainly dealing with water treatment membranes. A former star stock that colleagues bought, but its business model led to excessive cash burn and high receivables - I just watched from afar! Recently it had two 20cm limit-ups but is still only 0.7 yuan...
Finally $LNGF(002717.SZ). Don't be fooled by its long-term trend - in early 2020 it had 50% floating gains, and I eventually made 30%. Similar business model to BAAN (landscaping), then came all that VR concept hype... you know how that goes...
After all these years of updating my watchlist, only one stock remains from back then. For naive investors wanting to go long-term or turn pro, continuous learning is key. Financials don't tell the whole story - site visits help... though some companies just give you the runaround during visits.
