Private equity heavyweight Ge Weidong has become a market focal point by adding to his position in GIGADEVICE during today's downturn. Data as of July 31 shows Ge Weidong's holdings in GIGADEVICE increased by approximately 180,000 shares from the end of the first quarter, while his related party account (his wife Wang Ping's account) added around 1.02 million shares. Based on today's intraday prices, the combined market value of Ge Weidong and his related party's stake in GIGADEVICE is about 10 billion yuan. This news drove GIGADEVICE's A-shares up nearly 8% during the session, with its H-shares also rising over 8%.
In my recollection, many private equity leaders used to prefer flying under the radar, avoiding public appearances whenever possible. However, in recent years, these figures have increasingly appeared in the media, not only to share their investment philosophies and convey value, but also to leverage their market influence to affect stock prices. Besides Ge Weidong, individuals like Duan Yongping and Dan Bin are also keen on this approach.
So, what can we learn from the moves of these major players?
First, focus on what they say and what they favor or avoid, especially the logic behind their views.
If we agree with their reasoning, we can follow; if not, treat it as a useful reference. For instance, Ge Weidong recently made a public statement in early July, saying, "In the blink of an eye, half a year has passed! For the second half, we need to protect our gains, step up exercise, and cultivate ourselves." If you agreed with this, it might have helped you avoid the sharp stock market decline in July.
Second, we should also watch what they do, not just what they say.
In late July, Ge Weidong posted on his social media, firmly bullish on AI, stating, "I believe it's not over. Whoever stops will face a dimensionality reduction attack." At that time, GIGADEVICE's A-shares and H-shares had already "halved" from their late-June highs, suggesting he was likely adding to his position amid the downturn. Whether it's Ge Weidong sticking with China's core hard-tech stocks, Dan Bin betting on the global AI supply chain, or Li Bei favoring cyclical sectors like real estate and consumer goods, their actions must align with their words. Otherwise, it's just bluffing.
Finally, the key takeaway is this: believing in a company or industry isn't about praising it when prices are rising, as that's just riding the trend.
True conviction means sticking to your judgment when stock prices suffer significant pullbacks, not just saying you're "bullish" but putting real money to work in a counter-trend buy. That's the real sign of confidence.
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