丁丁丁丁丁丁的个人主页 - 老虎社区

丁丁丁丁丁丁

丁丁丁丁丁丁

暂无个人介绍

IP属地：辽宁

35关注

15粉丝

2主题

0勋章

丁丁丁丁丁丁

03-21

我开仓了1手$PDD 20250321 140.0 CALL$ ,来看看我最新分享的订单！

丁丁丁丁丁丁

03-05

我平仓了$PDD 20250815 100.0 PUT$ ,来看看我最新分享的订单！

丁丁丁丁丁丁

03-04

我开仓了$PDD 20250815 100.0 PUT$ ,来看看我最新分享的订单！

丁丁丁丁丁丁

01-22

惹惹惹

丁丁丁丁丁丁

01-11

我平仓了$拼多多(PDD)$ ,来看看我最新分享的订单！

丁丁丁丁丁丁

01-07

$PDD 20250110 97.0 PUT$

丁丁丁丁丁丁

01-07

我开仓了$PDD 20250110 97.0 PUT$ ,来看看我最新分享的订单！

丁丁丁丁丁丁

01-06

这篇文章不错，转发给大家看看

@丁丁丁丁丁丁:我平仓了100.0股$拼多多(PDD)$ ,来看看我最新分享的订单！

丁丁丁丁丁丁

01-06

我平仓了100.0股$拼多多(PDD)$ ,来看看我最新分享的订单！

丁丁丁丁丁丁

2024-12-27

这篇文章不错，转发给大家看看

@丁丁丁丁丁丁:我开仓了$PDD 20241227 99.0 PUT$ ,我开仓了$PDD 20241227 99.0 PUT$ ,来看看我最新分享的订单！

丁丁丁丁丁丁

2024-12-27

$PDD 20241227 99.0 PUT$

丁丁丁丁丁丁

2024-12-27

我开仓了$PDD 20241227 99.0 PUT$ ,我开仓了$PDD 20241227 99.0 PUT$ ,来看看我最新分享的订单！

丁丁丁丁丁丁

2024-11-13

这篇文章不错，转发给大家看看

@柳叶刀财经:抄作业就彻底

丁丁丁丁丁丁

2024-07-16

竞猜赢虎币，寻找实盘收益王

查看详情：竞猜赢虎币，寻找实盘收益王快来参与实盘竞猜活动，寻找你心中的收益王者，竞猜最高可获得USD 500代金券奖励。此帖仅开放于中国大陆用户

竞猜赢虎币，寻找实盘收益王

丁丁丁丁丁丁

2024-05-22

跌的太好了，卖的call收米了

丁丁丁丁丁丁

2021-02-24

惨淡的一周

丁丁丁丁丁丁

2021-02-16

$RLX科技(RLX)$😂

丁丁丁丁丁丁

2021-02-15

这篇文章不错，转发给大家看

@锦衣夜行陈先生:$Sundial Growers Inc.(SNDL)$问大家一个问题，多少钱算财务自由？@少帅铁柱财务自由之后的烦恼是什么，该如何生活能够内心平和满足？

丁丁丁丁丁丁

2021-02-11

这篇文章不错，转发给大家看

抱歉，原内容已删除

丁丁丁丁丁丁

2021-02-09

阅

电子烟的第二轮风口故事

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3535055924029426","uuid":"3535055924029426","gmtCreate":1571963532469,"gmtModify":1609156406305,"name":"丁丁丁丁丁丁","pinyin":"dddddddingdingdingdingdingding","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":15,"headSize":35,"tweetSize":38,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":2,"name":"无畏虎","nameTw":"無畏虎","represent":"初生牛犊","factor":"发布3条非转发主帖,1条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":2,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-4","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"明星虎友","description":"加入老虎社区2000天","bigImgUrl":"https://static.tigerbbs.com/dddf24b906c7011de2617d4fb3f76987","smallImgUrl":"https://static.tigerbbs.com/53d58ad32c97254c6f74db8b97e6ec49","grayImgUrl":"https://static.tigerbbs.com/6304700d92ad91c7a33e2e92ec32ecc1","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.04.17","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"02aa7f16703b4ce4ace6f1a7665789cc-1","templateUuid":"02aa7f16703b4ce4ace6f1a7665789cc","name":"知识体验官","description":"观看学堂课程满5节","bigImgUrl":"https://static.tigerbbs.com/fb5ae275631fb96a92d475cdc85d2302","smallImgUrl":"https://static.tigerbbs.com/c2660a1935bd2105e97c9915619936c3","grayImgUrl":null,"redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.08.05","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":2006},{"badgeId":"35ec162348d5460f88c959321e554969-2","templateUuid":"35ec162348d5460f88c959321e554969","name":"宗师交易员","description":"证券或期货账户累计交易次数达到100次","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.04.15","exceedPercentage":"80.78%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"228c86a078844d74991fff2b7ab2428d-2","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资总监虎","description":"证券账户累计交易金额达到30万美元","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.04.06","exceedPercentage":"80.30%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":6,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":6,"crmLevelSwitch":0,"location":"辽宁","starInvestorFollowerNum":15,"starInvestorFlag":true,"starInvestorOrderShareNum":7,"subscribeStarInvestorNum":4,"ror":170.33,"winRationPercentage":88.157895,"showRor":true,"investmentPhilosophy":"投机","starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":415593767018736,"gmtCreate":1742492323890,"gmtModify":1742627057831,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"我开仓了1手<a href=\"https://laohu8.com/OPT/PDD 20250321 140.0 CALL\">$PDD 20250321 140.0 CALL$&nbsp;</a>,来看看我最新分享的订单！","listText":"我开仓了1手<a href=\"https://laohu8.com/OPT/PDD 20250321 140.0 CALL\">$PDD 20250321 140.0 CALL$&nbsp;</a>,来看看我最新分享的订单！","text":"我开仓了1手$PDD 20250321 140.0 CALL$ ,来看看我最新分享的订单！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":1,"link":"https://laohu8.com/post/415593767018736","isVote":1,"tweetType":1,"viewCount":570,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":410320615588120,"gmtCreate":1741185833425,"gmtModify":1742060956918,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"我平仓了<a href=\"https://laohu8.com/OPT/PDD 20250815 100.0 PUT\">$PDD 20250815 100.0 PUT$&nbsp;</a>,来看看我最新分享的订单！","listText":"我平仓了<a href=\"https://laohu8.com/OPT/PDD 20250815 100.0 PUT\">$PDD 20250815 100.0 PUT$&nbsp;</a>,来看看我最新分享的订单！","text":"我平仓了$PDD 20250815 100.0 PUT$ ,来看看我最新分享的订单！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/410320615588120","isVote":1,"tweetType":1,"viewCount":526,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":409698605023696,"gmtCreate":1741033956980,"gmtModify":1742066480395,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"我开仓了<a href=\"https://laohu8.com/OPT/PDD 20250815 100.0 PUT\">$PDD 20250815 100.0 PUT$&nbsp;</a>,来看看我最新分享的订单！","listText":"我开仓了<a href=\"https://laohu8.com/OPT/PDD 20250815 100.0 PUT\">$PDD 20250815 100.0 PUT$&nbsp;</a>,来看看我最新分享的订单！","text":"我开仓了$PDD 20250815 100.0 PUT$ ,来看看我最新分享的订单！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/409698605023696","isVote":1,"tweetType":1,"viewCount":672,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":395383224397936,"gmtCreate":1737556781578,"gmtModify":1737556783128,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"惹惹惹","listText":"惹惹惹","text":"惹惹惹","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/395383224397936","isVote":1,"tweetType":1,"viewCount":748,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":391251103125936,"gmtCreate":1736552727477,"gmtModify":1742066480360,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"我平仓了<a href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$&nbsp;</a>,来看看我最新分享的订单！","listText":"我平仓了<a href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$&nbsp;</a>,来看看我最新分享的订单！","text":"我平仓了$拼多多(PDD)$ ,来看看我最新分享的订单！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/391251103125936","isVote":1,"tweetType":1,"viewCount":1205,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":390011239555544,"gmtCreate":1736261608257,"gmtModify":1736263269324,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/OPT/PDD 20250110 97.0 PUT\">$PDD 20250110 97.0 PUT$ </a>&nbsp;","listText":"<a href=\"https://laohu8.com/OPT/PDD 20250110 97.0 PUT\">$PDD 20250110 97.0 PUT$ </a>&nbsp;","text":"$PDD 20250110 97.0 PUT$","images":[{"img":"https://static.tigerbbs.com/79eacdc51b0f1e5b504983a70f9dc5ad","width":"858","height":"1877"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/390011239555544","isVote":1,"tweetType":1,"viewCount":1044,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":390049829687568,"gmtCreate":1736261314682,"gmtModify":1742066480288,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"我开仓了<a href=\"https://laohu8.com/OPT/PDD 20250110 97.0 PUT\">$PDD 20250110 97.0 PUT$&nbsp;</a>,来看看我最新分享的订单！","listText":"我开仓了<a href=\"https://laohu8.com/OPT/PDD 20250110 97.0 PUT\">$PDD 20250110 97.0 PUT$&nbsp;</a>,来看看我最新分享的订单！","text":"我开仓了$PDD 20250110 97.0 PUT$ ,来看看我最新分享的订单！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/390049829687568","isVote":1,"tweetType":1,"viewCount":638,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":389767025733856,"gmtCreate":1736165589520,"gmtModify":1736165591025,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/389767025733856","repostId":"389765862945040","repostType":1,"repost":{"id":389765862945040,"gmtCreate":1736165455795,"gmtModify":1742066480467,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"我平仓了100.0股<a href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$&nbsp;</a>,来看看我最新分享的订单！","listText":"我平仓了100.0股<a href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$&nbsp;</a>,来看看我最新分享的订单！","text":"我平仓了100.0股$拼多多(PDD)$ ,来看看我最新分享的订单！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/389765862945040","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1003,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":389765862945040,"gmtCreate":1736165455795,"gmtModify":1742066480467,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"我平仓了100.0股<a href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$&nbsp;</a>,来看看我最新分享的订单！","listText":"我平仓了100.0股<a href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$&nbsp;</a>,来看看我最新分享的订单！","text":"我平仓了100.0股$拼多多(PDD)$ ,来看看我最新分享的订单！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":1,"link":"https://laohu8.com/post/389765862945040","isVote":1,"tweetType":1,"viewCount":2726,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4195804750944690","authorId":"4195804750944690","name":"Nitedive","avatar":"https://static.tigerbbs.com/b521eff12cf56451459485f189e9a044","crmLevel":9,"crmLevelSwitch":1,"idStr":"4195804750944690","authorIdStr":"4195804750944690"},"content":"大佬这个127%是做了多少t 牛逼","text":"大佬这个127%是做了多少t 牛逼","html":"大佬这个127%是做了多少t 牛逼"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":386020539703520,"gmtCreate":1735270916216,"gmtModify":1735270917912,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/386020539703520","repostId":"385787334983992","repostType":1,"repost":{"id":385787334983992,"gmtCreate":1735231236645,"gmtModify":1746553907221,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"我开仓了<a href=\"https://laohu8.com/OPT/PDD 20241227 99.0 PUT\">$PDD 20241227 99.0 PUT$&nbsp;</a>,我开仓了<a href=\"https://laohu8.com/OPT/PDD 20241227 99.0 PUT\">$PDD 20241227 99.0 PUT$&nbsp;</a>,来看看我最新分享的订单！","listText":"我开仓了<a href=\"https://laohu8.com/OPT/PDD 20241227 99.0 PUT\">$PDD 20241227 99.0 PUT$&nbsp;</a>,我开仓了<a href=\"https://laohu8.com/OPT/PDD 20241227 99.0 PUT\">$PDD 20241227 99.0 PUT$&nbsp;</a>,来看看我最新分享的订单！","text":"我开仓了$PDD 20241227 99.0 PUT$ ,我开仓了$PDD 20241227 99.0 PUT$ ,来看看我最新分享的订单！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/385787334983992","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":385936104018464,"gmtCreate":1735267560450,"gmtModify":1735267853695,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/OPT/PDD 20241227 99.0 PUT\">$PDD 20241227 99.0 PUT$ </a>&nbsp;","listText":"<a href=\"https://laohu8.com/OPT/PDD 20241227 99.0 PUT\">$PDD 20241227 99.0 PUT$ </a>&nbsp;","text":"$PDD 20241227 99.0 PUT$","images":[{"img":"https://static.tigerbbs.com/acae2158ef67864883c238335677bc55","width":"1080","height":"3009"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/385936104018464","isVote":1,"tweetType":1,"viewCount":1152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":385787334983992,"gmtCreate":1735231236645,"gmtModify":1746553907221,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"我开仓了<a href=\"https://laohu8.com/OPT/PDD 20241227 99.0 PUT\">$PDD 20241227 99.0 PUT$&nbsp;</a>,我开仓了<a href=\"https://laohu8.com/OPT/PDD 20241227 99.0 PUT\">$PDD 20241227 99.0 PUT$&nbsp;</a>,来看看我最新分享的订单！","listText":"我开仓了<a href=\"https://laohu8.com/OPT/PDD 20241227 99.0 PUT\">$PDD 20241227 99.0 PUT$&nbsp;</a>,我开仓了<a href=\"https://laohu8.com/OPT/PDD 20241227 99.0 PUT\">$PDD 20241227 99.0 PUT$&nbsp;</a>,来看看我最新分享的订单！","text":"我开仓了$PDD 20241227 99.0 PUT$ ,我开仓了$PDD 20241227 99.0 PUT$ ,来看看我最新分享的订单！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":1,"link":"https://laohu8.com/post/385787334983992","isVote":1,"tweetType":1,"viewCount":1505,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":370669583605904,"gmtCreate":1731509305028,"gmtModify":1731509306449,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370669583605904","repostId":"367603474288672","repostType":1,"repost":{"id":367603474288672,"gmtCreate":1730646060000,"gmtModify":1730763210549,"author":{"id":"9000000000000059","authorId":"9000000000000059","name":"柳叶刀财经","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"9000000000000059","authorIdStr":"9000000000000059"},"themes":[],"title":"抄作业就彻底","htmlText":"估计有同学不知道GME这个公司，中文翻译过来是游戏驿站。我简单介绍下这个公司。这其实是一个陷入困境的视频游戏零售商的美股公司，突然在2021年的时候，成为了散户抱团股。那么为什么是这家公司呢？这就要介绍下reddit先了。Reddit 的 WallStreetBets 论坛本是一**易员和用户聚在一起，讲行话、段子和交流股票心得的地方。对比下来可能是某红书，类似这样的地方。2021年年初，许多个人投资者在 Reddit 和其他社交平台上受到号召，纷纷购买游戏驿站。而为什么大家这么心齐呢？因为在2021年之前的1年，论坛的一些热情的用户押注斯特拉并产生回报，使得论坛规模大大扩张。而且，最重要的是，普通用户在论坛里心齐以后，竟然真的可以拉动股票，并且带动股票价格上涨，而散户也赚了钱。这就让他们萌生了巨大的想法，是不是游戏驿站也可以。背后的逻辑是：社交媒体上散户的抱团使得他们看到了，只要齐心协力就可以干翻机构，特别是做空机构。于是在带头大哥的带领下，游戏驿站的游戏开始了。事实上也是这样，看看这个图。 游戏驿站在21年的那1个月左右，涨了25倍，干翻了所有的做空机构、对冲基金。按统计，所有空头亏损总计100-200亿美元。那么，你在想想最近大A的最近一些操作手法，是不是有点类似。在某音、某红书的一些带头大哥的带领下，散户选择赎回基金，跟着游资或者带头大哥，疯狂去做多那些没有套牢盘，市值小的一些公司。他们曾经也是把钱给了基金经理，后来发现自己亏钱还没过把瘾，现在不如赎回回来自己干，即使输钱也能过把瘾。这其实是最近一些小市值、无套牢盘的公司上涨的逻辑：游戏以及带头大哥亲自上，散户也跟着干，于是就把一些公司的股价买上天了。你去看看龙虎榜上有多少拉萨天团就知道了。这跟游戏驿站逻辑有点类似。当然，游戏驿站最终也是套牢了一批人，这个图刚我放过了，虽然那1个月涨了25倍，24年又涨了一波，但是总","listText":"估计有同学不知道GME这个公司，中文翻译过来是游戏驿站。我简单介绍下这个公司。这其实是一个陷入困境的视频游戏零售商的美股公司，突然在2021年的时候，成为了散户抱团股。那么为什么是这家公司呢？这就要介绍下reddit先了。Reddit 的 WallStreetBets 论坛本是一**易员和用户聚在一起，讲行话、段子和交流股票心得的地方。对比下来可能是某红书，类似这样的地方。2021年年初，许多个人投资者在 Reddit 和其他社交平台上受到号召，纷纷购买游戏驿站。而为什么大家这么心齐呢？因为在2021年之前的1年，论坛的一些热情的用户押注斯特拉并产生回报，使得论坛规模大大扩张。而且，最重要的是，普通用户在论坛里心齐以后，竟然真的可以拉动股票，并且带动股票价格上涨，而散户也赚了钱。这就让他们萌生了巨大的想法，是不是游戏驿站也可以。背后的逻辑是：社交媒体上散户的抱团使得他们看到了，只要齐心协力就可以干翻机构，特别是做空机构。于是在带头大哥的带领下，游戏驿站的游戏开始了。事实上也是这样，看看这个图。 游戏驿站在21年的那1个月左右，涨了25倍，干翻了所有的做空机构、对冲基金。按统计，所有空头亏损总计100-200亿美元。那么，你在想想最近大A的最近一些操作手法，是不是有点类似。在某音、某红书的一些带头大哥的带领下，散户选择赎回基金，跟着游资或者带头大哥，疯狂去做多那些没有套牢盘，市值小的一些公司。他们曾经也是把钱给了基金经理，后来发现自己亏钱还没过把瘾，现在不如赎回回来自己干，即使输钱也能过把瘾。这其实是最近一些小市值、无套牢盘的公司上涨的逻辑：游戏以及带头大哥亲自上，散户也跟着干，于是就把一些公司的股价买上天了。你去看看龙虎榜上有多少拉萨天团就知道了。这跟游戏驿站逻辑有点类似。当然，游戏驿站最终也是套牢了一批人，这个图刚我放过了，虽然那1个月涨了25倍，24年又涨了一波，但是总","text":"估计有同学不知道GME这个公司，中文翻译过来是游戏驿站。我简单介绍下这个公司。这其实是一个陷入困境的视频游戏零售商的美股公司，突然在2021年的时候，成为了散户抱团股。那么为什么是这家公司呢？这就要介绍下reddit先了。Reddit 的 WallStreetBets 论坛本是一**易员和用户聚在一起，讲行话、段子和交流股票心得的地方。对比下来可能是某红书，类似这样的地方。2021年年初，许多个人投资者在 Reddit 和其他社交平台上受到号召，纷纷购买游戏驿站。而为什么大家这么心齐呢？因为在2021年之前的1年，论坛的一些热情的用户押注斯特拉并产生回报，使得论坛规模大大扩张。而且，最重要的是，普通用户在论坛里心齐以后，竟然真的可以拉动股票，并且带动股票价格上涨，而散户也赚了钱。这就让他们萌生了巨大的想法，是不是游戏驿站也可以。背后的逻辑是：社交媒体上散户的抱团使得他们看到了，只要齐心协力就可以干翻机构，特别是做空机构。于是在带头大哥的带领下，游戏驿站的游戏开始了。事实上也是这样，看看这个图。 游戏驿站在21年的那1个月左右，涨了25倍，干翻了所有的做空机构、对冲基金。按统计，所有空头亏损总计100-200亿美元。那么，你在想想最近大A的最近一些操作手法，是不是有点类似。在某音、某红书的一些带头大哥的带领下，散户选择赎回基金，跟着游资或者带头大哥，疯狂去做多那些没有套牢盘，市值小的一些公司。他们曾经也是把钱给了基金经理，后来发现自己亏钱还没过把瘾，现在不如赎回回来自己干，即使输钱也能过把瘾。这其实是最近一些小市值、无套牢盘的公司上涨的逻辑：游戏以及带头大哥亲自上，散户也跟着干，于是就把一些公司的股价买上天了。你去看看龙虎榜上有多少拉萨天团就知道了。这跟游戏驿站逻辑有点类似。当然，游戏驿站最终也是套牢了一批人，这个图刚我放过了，虽然那1个月涨了25倍，24年又涨了一波，但是总","images":[{"img":"https://static.tigerbbs.com/134af34401264636a95b3a6b8a43ab54"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/367603474288672","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":992,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":328113643466880,"gmtCreate":1721135853459,"gmtModify":1721135859151,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"title":"竞猜赢虎币 ，寻找实盘收益王","htmlText":"查看详情：<a href=\"https://tigr.link/98Q8ju\">竞猜赢虎币 ，寻找实盘收益王</a> 快来参与实盘竞猜活动，寻找你心中的收益王者，竞猜最高可获得USD 500代金券奖励。 此帖仅开放于中国大陆用户","listText":"查看详情：<a href=\"https://tigr.link/98Q8ju\">竞猜赢虎币 ，寻找实盘收益王</a> 快来参与实盘竞猜活动，寻找你心中的收益王者，竞猜最高可获得USD 500代金券奖励。 此帖仅开放于中国大陆用户","text":"查看详情：竞猜赢虎币 ，寻找实盘收益王 快来参与实盘竞猜活动，寻找你心中的收益王者，竞猜最高可获得USD 500代金券奖励。 此帖仅开放于中国大陆用户","images":[{"img":"https://static.tigerbbs.com/f22c491ee8ae08f0d36ded0795f1fe33"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/328113643466880","isVote":1,"tweetType":1,"viewCount":839,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":308618908238024,"gmtCreate":1716374157153,"gmtModify":1716374159239,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"跌的太好了，卖的call收米了","listText":"跌的太好了，卖的call收米了","text":"跌的太好了，卖的call收米了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/308618908238024","isVote":1,"tweetType":1,"viewCount":1786,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":363780051,"gmtCreate":1614172744573,"gmtModify":1614172744573,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"惨淡的一周","listText":"惨淡的一周","text":"惨淡的一周","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363780051","isVote":1,"tweetType":1,"viewCount":2584,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":382412400,"gmtCreate":1613474707500,"gmtModify":1613474707500,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/RLX\">$RLX科技(RLX)$</a>😂","listText":"<a href=\"https://laohu8.com/S/RLX\">$RLX科技(RLX)$</a>😂","text":"$RLX科技(RLX)$😂","images":[{"img":"https://static.tigerbbs.com/fef50e11bdf63297ffc1561cd123e772","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/382412400","isVote":1,"tweetType":1,"viewCount":2724,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":382071237,"gmtCreate":1613320227429,"gmtModify":1613320227429,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"这篇文章不错，转发给大家看","listText":"这篇文章不错，转发给大家看","text":"这篇文章不错，转发给大家看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/382071237","repostId":"388305186","repostType":1,"repost":{"id":388305186,"gmtCreate":1613017634345,"gmtModify":1703768422491,"author":{"id":"3554779120033522","authorId":"3554779120033522","name":"锦衣夜行陈先生","avatar":"https://static.tigerbbs.com/aefa649b30cca4e1a301f7eb6ec9560b","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3554779120033522","authorIdStr":"3554779120033522"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>问大家一个问题，多少钱算财务自由？<a href=\"https://laohu8.com/U/3461111818041475\">@少帅铁柱</a>财务自由之后的烦恼是什么，该如何生活能够内心平和满足？","listText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>问大家一个问题，多少钱算财务自由？<a href=\"https://laohu8.com/U/3461111818041475\">@少帅铁柱</a>财务自由之后的烦恼是什么，该如何生活能够内心平和满足？","text":"$Sundial Growers Inc.(SNDL)$问大家一个问题，多少钱算财务自由？@少帅铁柱财务自由之后的烦恼是什么，该如何生活能够内心平和满足？","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/388305186","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":381786300,"gmtCreate":1612987887700,"gmtModify":1703768060461,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"这篇文章不错，转发给大家看","listText":"这篇文章不错，转发给大家看","text":"这篇文章不错，转发给大家看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/381786300","repostId":"2110409919","repostType":2,"isVote":1,"tweetType":1,"viewCount":2425,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":383916062,"gmtCreate":1612829032756,"gmtModify":1703765528311,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"阅","listText":"阅","text":"阅","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/383916062","repostId":"1126096826","repostType":2,"repost":{"id":"1126096826","kind":"news","pubTimestamp":1612250892,"share":"https://www.laohu8.com/m/news/1126096826?lang=&edition=full","pubTime":"2021-02-02 15:28","market":"hk","language":"zh","title":"电子烟的第二轮风口故事","url":"https://stock-news.laohu8.com/highlight/detail?id=1126096826","media":"巨潮商业评论","summary":"围绕电子烟的讨论再起。强劲的赚钱能力之外，其未来可能面临的税收问题、与传统烟草的利益争夺、以及对未成年人吸食监管等一系列问题，无一不是致命的。思摩尔国际上市的造富神话之后，电子烟行业俨然回到了风口之上","content":"<blockquote>围绕电子烟的讨论再起。强劲的赚钱能力之外，其未来可能面临的税收问题、与传统烟草的利益争夺、以及对未成年人吸食监管等一系列问题，无一不是致命的。</blockquote><p><a href=\"https://laohu8.com/S/06969\">思摩尔国际</a>上市的造富神话之后，电子烟行业俨然回到了风口之上。</p><p>1月22日，国内电子烟品牌悦刻RELX的母公司雾芯科技在纽交所上市，开盘当日股价暴涨104%，直接触发熔断停牌。全天涨幅一度高达158%，市值一度接近3000亿人民币。这样的追捧，创下近几个月来纽交所 IPO 最亮眼成绩。</p><p>这是什么概念？大红大紫的 <a href=\"https://laohu8.com/S/ZM\">Zoom</a> 挂牌首日涨幅不过72%，曾经的“妖股”瑞幸只有48%，唯独在疫情期间敲钟的云服务商<a href=\"https://laohu8.com/S/API\">声网</a>，才能以153%的首日涨幅与之匹敌。</p><p>资本市场对于悦刻的热烈响应并非盲目。</p><p>在很多人眼中，烟草本就是一门暴利生意，有着“电子”概念的电子烟，盈利能力更不容小觑。</p><p>在过去的2018年、2019年和2020年前九个月，这家电子烟企业的收入从1.33亿增至22.01亿人民币，净利润从651.5万元上升至3.82亿元。</p><p>但风光上市后，雾芯科技连跌三日给市场以措手不及。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/97cef67bc01663a1b5478d156d03f201\" tg-width=\"1080\" tg-height=\"356\" referrerpolicy=\"no-referrer\"><span>雾芯科技上市后股价表现</span></p><p>事实上，电子烟行业的第一波发展热潮早已远去，2019年后的很长一段时间都消失在大众视野。偶尔能被市场与媒体捕捉到的，也是某某品牌又因欠薪、裁员、不得已退场的失败消息。</p><p>大量投资者也曾为此看衰电子烟行业。直到一月底，雾芯科技以两年近30倍的收入涨幅冲进资本市场时，人们才后知后觉：原来电子烟还活着，而且活得还不错。</p><p>至少头部企业是这样。</p><p>围绕电子烟的讨论再起。强劲的赚钱能力之外，其未来可能面临的税收问题、与传统烟草的利益争夺、以及对未成年人吸食监管等一系列问题，无一不是致命的。</p><p>除了这些“老生常谈”的问题之外，《巨潮商业评论》认为，电子烟头部品牌在行业的想象力和预期，有被过度放大的风险。</p><p>正如雾芯科技“过山车般”的股价走势，市场对这个特殊的行业，也始终保留一份忐忑与不确定。</p><p><b>01&nbsp;第二轮风口</b></p><blockquote>电子烟行业不高的渗透率、巨大的市场规模预期，都在吸引着投资者再次入局。</blockquote><p>3年时间，3000亿市值，悦刻品牌成功的背后有一个的重要推手——电子烟制造商思摩尔国际（HK:06969）。</p><p>电子烟看似复杂，但核心技术无外乎其中的电子雾化器，而当前的主流技术——陶瓷芯雾化器正是出自思摩尔之手。</p><p>2018 年，思摩尔将这项技术投入量产，直接把电子烟从“制造业”降级为“组装业”。也就是说，电子烟企业根本用不着研发，只要把注册的品牌喷上去，短至两星期就能包装出一个像模像样的品牌。</p><p>思摩尔的存在，相当于踢飞了电子烟行业的门槛，也保证企业能获取到相当丰厚的利润。</p><p>根据思摩尔港股上市时的招股书，一只陶瓷雾化器大约13.8元，非陶瓷雾化器只要 4.2元。而包装后的一只电子烟卖给消费者，要价高达200—300元。</p><p>除此之外，作为相对高频的消耗品，烟弹也是支撑起电子烟企业利润和营收的核心。</p><p>雾芯科技招股书显示，公司成立第一年，凭借卖出的50万个烟杆以及590万颗烟弹，营收轻松实现破亿。</p><p>到了第二年，悦刻营收直接飙至15.49亿元，2020年前三个季度已经达到22.01亿元，毛利润8.33亿元。</p><p>如今，悦刻一个月就能卖出100万套烟杆以及2000万颗烟弹。</p><p>但在雾芯科技提交招股书之前，电子烟的行业的利润率一直是个谜。唯一能参考是美国电子烟巨头JUUL，《华尔街日报》曾披露其毛利为75%。</p><p>成立仅三年的雾芯科技，利润还没有如此惊人。从2018年成立至今，毛利率一直维持在40% 左右。</p><p><img src=\"https://static.tigerbbs.com/5d2d8c8f5c9f5a9ebf055ec8fffa3f83\" tg-width=\"1080\" tg-height=\"908\" referrerpolicy=\"no-referrer\"></p><p>近三年雾芯科技毛利率及净利率</p><p>这个水平与医药制造业几乎相当，也成为吸引众多资本一涌而入的原因。</p><p>IDG、源码资本、红杉资本中国、真格基金、山行资本......从2018年6月到2019年3月，电子烟行业累计获得了超过10亿融资，大多数创企在首轮融资时就能拿到千万级别。</p><p>公司的成长能力亦不容小觑。根据其招股书显示，截止2020年9月30日，悦刻已经和已与110个授权分销商合作，拥有超5000家专卖店和超10万家零售店。</p><p>这种快速成长的背后，是电子烟的极速扩张以及庞大的烟草市场需求。</p><p>据世界卫生组织统计，在全球75亿人口中，烟民人数已达10亿。每年烟民们总计消费约5.7万亿支香烟，扔掉将近100吨的烟蒂。</p><p>而中国烟民数量稳居全球第一，目前烟民数量已达到3.5亿，相当于每3个人中就有1人吸烟，烟民数量超越了其他前十名国家加起来的总和。</p><p>因此，中国每年卷烟消费量就高达5000万箱左右，占全球总量的44%。</p><p>庞大的传统可燃烟草市场是一个巨大的漏斗，形成了香烟替代品的快速渗透。</p><p>2019年，香烟替代品的销售额在整体市场占比约为7.4%，电子烟占到了其中的55.8%。根据CIC的报告，2019年全球电子烟的销售额为352亿美元，预计2023年达到820亿美元，年复合增长率为23.5%。</p><p>但与之相对应的，是中国电子烟渗透率仅为0.6%，对比全球最大电子烟消费市场美国，其电子烟渗透率已经达到13%，这意味着中国还有百亿左右的增量空间。</p><p>电子烟在全球迅猛扩大的市场规模、不断上升的使用人数以及国内并不高的渗透率，都是验证电子烟足够有发展潜力、能够实现长远发展的重要依据。</p><p>这也支撑了电子烟行业从业者、资本市场投资人的信心。</p><p>作为悦刻上游供应商的思摩尔国际，由于在全球电子烟产业链中的特殊地位，甚至更受追捧。上市后短短半年的时间内，股价就已经涨到75港元，涨幅高达500%以上，市值直逼 5000 亿港元大关。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/851db65326eadfe2f0971c60cd69ab9c\" tg-width=\"1080\" tg-height=\"360\" referrerpolicy=\"no-referrer\"><span>思摩尔国际股价表现（2020-2021年）</span></p><p><b>02&nbsp;野蛮生长</b></p><blockquote>电子烟从线上销售向线下的转折，成为了行业发展的分水岭，头部企业的竞争优势进一步确立。</blockquote><p>早在2016年，思摩尔国际的净利润就已达到1.25亿元。但当时电子烟的市场大多在海外，并未引起国内太多资本关注。</p><p>2018年底，美国电子烟公司Juul获得来自烟草巨头<a href=\"https://laohu8.com/S/MO\">奥驰亚</a>集团的巨额投资，估值达到380亿美元，Juul拿出20亿美元发年终奖，电子烟一鸣惊人。</p><p>而这一年，思摩尔的营收已经飙升至34.34亿元，净利润7.85亿元，超过2016年之前的总营收。</p><p>Juul巨大的估值和思摩尔成长速度，让国内的创业者和资本看到了电子烟的发展潜力。低门槛、低成本和高毛利的电子烟，一时之间成为创投圈趋之若鹜的热点。</p><p>以2018年6月悦刻品牌拿到3800万投资为起点，之后锤子科技创始人罗永浩、“同道大叔”创始人蔡跃栋以及黄太吉赫畅等互联网上的“网红选手”纷纷登场，一夜间将行业炒得火热，电子烟逐渐脱离小众市场。</p><p>天眼查数据显示，2016年至2018年期间，每年电子烟新注册企业数均超过1000家，2019年至今，电子烟企业已新增超2000家。</p><p>悦刻创于2018年，创始人兼CEO汪莹及其团队成员大多是互联网出身。创始团队7人中，有6个是Uber中国前核心员工，汪莹还是Uber中国被滴滴合并前的中区总经理。</p><p>汪莹本身就是一个电子烟重度用户。她创业做电子烟的想法，就是她在Uber和滴滴期间因为超负荷工作，大量抽电子烟而萌生。</p><p>这导致过去悦刻的打法有浓浓的互联网痕迹。</p><p>2018年初，悦刻以<a href=\"https://laohu8.com/S/JD\">京东</a>众筹的方式，用一个多月的时间就筹得了108万元，并积累了第一波种子用户，打响了国内电子烟品牌的第一枪。</p><p>后来悦刻依托线上和线下双渠道的铺设，快速在中国市场打开局面，抢占新兴的空白市场，占据了先发优势。</p><p>2019年7月，悦刻的估值还不到30亿美元，一年半时间过去，它的估值已超过400亿美元。</p><p>行业快速发展的同时，行业逐渐乱象频发，国内的监管风开始刮起。</p><p>2019年10月1日，深圳率先将电子烟纳入了禁烟范围；当月15日，深圳开出了全国第一张电子烟罚单。</p><p>11月，国家市场监督管理总局以及国家烟草专卖局发布通告，限制了电子烟销售的对象范围，以及线上渠道的销售。</p><p>值得一提的是，在公告发布前20分钟，罗永浩还在<a href=\"https://laohu8.com/S/WB\">微博</a>转发“vvild小野一次性雾化电子烟”双11在电商平台正式开售的消息，消息发出后不久，罗永浩退出了电子烟行业。</p><p><img src=\"https://static.tigerbbs.com/5a79a8e3bba54bd1e26f6be288073d52\" tg-width=\"600\" tg-height=\"801\" referrerpolicy=\"no-referrer\"></p><p>不少和小野一样通过线上销售电子烟的企业，也在短时间内彻底销声匿迹。电子烟也因此被迫转为线下销售，第一轮风口期结束。</p><p>在大洋彼岸，监管风同样刮起。美国食品和药物管理局于2020年1月2日宣布，将暂时禁售水果味和薄荷味等口味的电子烟产品，以遏制青少年吸电子烟的趋势。</p><p>一时火爆的电子烟，被浇下一盆凉水。</p><p>禁售政策出台的那个季度，悦刻的收入首次出现环比下滑，2020年一季度又因为疫情冲击再次下滑。</p><p>不过，从二季度悦刻就开始反弹，三季度突破10亿大关，很快就从线上禁售和疫情中恢复了。</p><p>这也意味着，尽管被锁死了线上渠道，但电子烟行业并没有凉，而是放缓了增速，并进一步向头部聚集了。</p><p>随着国家政策的逐步放宽，悦刻、Vitavp、Snowplus等电子烟企业仍然受到资本市场青睐，这也形成了电子烟行业目前看起来火热的“第二春”。</p><p><b>03&nbsp;产业推演</b></p><blockquote>当这个行业规模如愿变得越来越大的时候，消费者却并不一定会选择悦刻。</blockquote><p>线上销售渠道被政策彻底锁死之后，本来就相对有限的线下渠道变得更加拥挤。</p><p>从雾芯科技毛利率的变化中就能看得出来：2018-2019年之间，其毛利率下降了7.2%。</p><p>为了最大限度地开店，用更高的加码抢占核心铺位，雾芯科技进行了大规模的负债——其中大部分为流动负债，截止上市前总额27.98亿元。</p><p>相比行业内的很多中小企业，雾芯科技更早、更坚决地布局线下，也因此在线上渠道被卡死之后，整个行业变局最大的受益者。</p><p><img src=\"https://static.tigerbbs.com/dab85a1d6a863191adb693bf5c8d7d90\" tg-width=\"1080\" tg-height=\"770\" referrerpolicy=\"no-referrer\"></p><p>悦刻各渠道销售收入占比变化</p><p>2019年二季度，雾芯科技CEO汪莹曾经表示，悦刻电子烟在国内的市场占有率已经超过60%；到2020年中，这个数字已经上升至74%。</p><p>这个曾经的“风口”，竟然只用了短短几年的时间就变成了一家独大的局面，线上禁令起到了非常关键的作用。</p><p>如今雾芯科技已经上市。摆在投资者、创业者面前最大的一个问题变成了：一家独大的局面，是否会持续下去？</p><p>要回答这个问题，还是要从传统卷烟市场寻找答案。</p><p>2019年，国际烟草巨头菲利普-莫里斯公司拥有了全球销量前15的卷烟品牌中的六个，其中万宝路品牌全球市占率10%，蓝星品牌3.5%、切斯特菲尔德品牌2.2%，菲莫品牌1.9%。</p><p>可以看到，菲利普-莫里斯公司是采用多品牌的方式，实现了全球范围内的市场占有率最大化。这充分说明了一个问题：在卷烟行业，单一品牌（万宝路）无法一家独大，消费者有多品牌选择的需求。</p><p>不同烟卷产品之间的味道有所差异，但差异会大到什么程度？可能会有很多人有不同的看法，但我们跳出口味的争辩，从品牌的角度可以发现，烟草消费与酒、汽车一样，有一定的文化属性和自我标榜功能。</p><p>万宝路品牌最初的崛起，就是利用牛仔的形象，将“硬汉文化”与烟草产品进行了绑定。</p><p>整体上看，在政策强监管、市场空间相对狭小的情况下，电子烟受众规模更小，消费需求趋于一致。但当这个市场规模不断扩大，电子烟产品将会与传统烟卷一样，呈现出更多个性与文化属性。</p><p>在这个过程中，单一的电子烟品牌，将不再能满足多样化的用户需求。</p><p>如果雾芯科技的估值尚在正常的范围内，这个问题基本不需要考虑。但问题是，以其2019年仅4775万元的利润，坐享目前接近350亿美元、合人民币2200亿元以上的估值，很明显是被当做潜在的高市占、高成长性企业在估值。</p><p>这样的估值意味着，雾芯科技已经被定义到大市场中。在大市场环境里，以一个品牌满足多元化的消费者需求，是值得怀疑的。</p><p>相比之下，以一己之力供给全球电子烟企业代工生产的思摩尔国际，更有机会以代工多种类型产品的方式去占据全球大市场，而不必考虑品牌文化、消费选择的问题。</p><p>虽然悦刻是思摩尔国际的大客户，但中国内地市场仅占思摩尔国际20%左右的市场份额，中国香港、美国等地的大客户，同样采购这家代工龙头企业的产品。</p><p>技术优势给了思摩尔国际以更高的面向客户的议价能力。其毛利率从2016年的24.31%开始不断提高，到2019年年报达到44.05%，2020年中报进一步提升至48.98%，在产业链中的强势地位已经明确。</p><p>当悦刻在线下渠道拼杀的时候，它必须将更多的利润贡献给上游的思摩尔国际。但当这个行业规模如愿变得越来越大的时候，消费者却并不一定选择它。对于雾芯科技的投资者来说，这些都是其必须警惕的产业发展推演。</p>","source":"lsy1606906011227","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>电子烟的第二轮风口故事</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n电子烟的第二轮风口故事\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-02 15:28 北京时间&nbsp;&nbsp;&nbsp;<a href=https://36kr.com/p/1080886391079170><strong>巨潮商业评论</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>围绕电子烟的讨论再起。强劲的赚钱能力之外，其未来可能面临的税收问题、与传统烟草的利益争夺、以及对未成年人吸食监管等一系列问题，无一不是致命的。思摩尔国际上市的造富神话之后，电子烟行业俨然回到了风口之上。1月22日，国内电子烟品牌悦刻RELX的母公司雾芯科技在纽交所上市，开盘当日股价暴涨104%，直接触发熔断停牌。全天涨幅一度高达158%，市值一度接近3000亿人民币。这样的追捧，创下近几个月来...</p>\n\n<a href=\"https://36kr.com/p/1080886391079170\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9bc4ee269ad9cff7441dc3605e3bc69a","relate_stocks":{"RLX":"雾芯科技","06969":"思摩尔国际"},"source_url":"https://36kr.com/p/1080886391079170","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126096826","content_text":"围绕电子烟的讨论再起。强劲的赚钱能力之外，其未来可能面临的税收问题、与传统烟草的利益争夺、以及对未成年人吸食监管等一系列问题，无一不是致命的。思摩尔国际上市的造富神话之后，电子烟行业俨然回到了风口之上。1月22日，国内电子烟品牌悦刻RELX的母公司雾芯科技在纽交所上市，开盘当日股价暴涨104%，直接触发熔断停牌。全天涨幅一度高达158%，市值一度接近3000亿人民币。这样的追捧，创下近几个月来纽交所 IPO 最亮眼成绩。这是什么概念？大红大紫的 Zoom 挂牌首日涨幅不过72%，曾经的“妖股”瑞幸只有48%，唯独在疫情期间敲钟的云服务商声网，才能以153%的首日涨幅与之匹敌。资本市场对于悦刻的热烈响应并非盲目。在很多人眼中，烟草本就是一门暴利生意，有着“电子”概念的电子烟，盈利能力更不容小觑。在过去的2018年、2019年和2020年前九个月，这家电子烟企业的收入从1.33亿增至22.01亿人民币，净利润从651.5万元上升至3.82亿元。但风光上市后，雾芯科技连跌三日给市场以措手不及。雾芯科技上市后股价表现事实上，电子烟行业的第一波发展热潮早已远去，2019年后的很长一段时间都消失在大众视野。偶尔能被市场与媒体捕捉到的，也是某某品牌又因欠薪、裁员、不得已退场的失败消息。大量投资者也曾为此看衰电子烟行业。直到一月底，雾芯科技以两年近30倍的收入涨幅冲进资本市场时，人们才后知后觉：原来电子烟还活着，而且活得还不错。至少头部企业是这样。围绕电子烟的讨论再起。强劲的赚钱能力之外，其未来可能面临的税收问题、与传统烟草的利益争夺、以及对未成年人吸食监管等一系列问题，无一不是致命的。除了这些“老生常谈”的问题之外，《巨潮商业评论》认为，电子烟头部品牌在行业的想象力和预期，有被过度放大的风险。正如雾芯科技“过山车般”的股价走势，市场对这个特殊的行业，也始终保留一份忐忑与不确定。01 第二轮风口电子烟行业不高的渗透率、巨大的市场规模预期，都在吸引着投资者再次入局。3年时间，3000亿市值，悦刻品牌成功的背后有一个的重要推手——电子烟制造商思摩尔国际（HK:06969）。电子烟看似复杂，但核心技术无外乎其中的电子雾化器，而当前的主流技术——陶瓷芯雾化器正是出自思摩尔之手。2018 年，思摩尔将这项技术投入量产，直接把电子烟从“制造业”降级为“组装业”。也就是说，电子烟企业根本用不着研发，只要把注册的品牌喷上去，短至两星期就能包装出一个像模像样的品牌。思摩尔的存在，相当于踢飞了电子烟行业的门槛，也保证企业能获取到相当丰厚的利润。根据思摩尔港股上市时的招股书，一只陶瓷雾化器大约13.8元，非陶瓷雾化器只要 4.2元。而包装后的一只电子烟卖给消费者，要价高达200—300元。除此之外，作为相对高频的消耗品，烟弹也是支撑起电子烟企业利润和营收的核心。雾芯科技招股书显示，公司成立第一年，凭借卖出的50万个烟杆以及590万颗烟弹，营收轻松实现破亿。到了第二年，悦刻营收直接飙至15.49亿元，2020年前三个季度已经达到22.01亿元，毛利润8.33亿元。如今，悦刻一个月就能卖出100万套烟杆以及2000万颗烟弹。但在雾芯科技提交招股书之前，电子烟的行业的利润率一直是个谜。唯一能参考是美国电子烟巨头JUUL，《华尔街日报》曾披露其毛利为75%。成立仅三年的雾芯科技，利润还没有如此惊人。从2018年成立至今，毛利率一直维持在40% 左右。近三年雾芯科技毛利率及净利率这个水平与医药制造业几乎相当，也成为吸引众多资本一涌而入的原因。IDG、源码资本、红杉资本中国、真格基金、山行资本......从2018年6月到2019年3月，电子烟行业累计获得了超过10亿融资，大多数创企在首轮融资时就能拿到千万级别。公司的成长能力亦不容小觑。根据其招股书显示，截止2020年9月30日，悦刻已经和已与110个授权分销商合作，拥有超5000家专卖店和超10万家零售店。这种快速成长的背后，是电子烟的极速扩张以及庞大的烟草市场需求。据世界卫生组织统计，在全球75亿人口中，烟民人数已达10亿。每年烟民们总计消费约5.7万亿支香烟，扔掉将近100吨的烟蒂。而中国烟民数量稳居全球第一，目前烟民数量已达到3.5亿，相当于每3个人中就有1人吸烟，烟民数量超越了其他前十名国家加起来的总和。因此，中国每年卷烟消费量就高达5000万箱左右，占全球总量的44%。庞大的传统可燃烟草市场是一个巨大的漏斗，形成了香烟替代品的快速渗透。2019年，香烟替代品的销售额在整体市场占比约为7.4%，电子烟占到了其中的55.8%。根据CIC的报告，2019年全球电子烟的销售额为352亿美元，预计2023年达到820亿美元，年复合增长率为23.5%。但与之相对应的，是中国电子烟渗透率仅为0.6%，对比全球最大电子烟消费市场美国，其电子烟渗透率已经达到13%，这意味着中国还有百亿左右的增量空间。电子烟在全球迅猛扩大的市场规模、不断上升的使用人数以及国内并不高的渗透率，都是验证电子烟足够有发展潜力、能够实现长远发展的重要依据。这也支撑了电子烟行业从业者、资本市场投资人的信心。作为悦刻上游供应商的思摩尔国际，由于在全球电子烟产业链中的特殊地位，甚至更受追捧。上市后短短半年的时间内，股价就已经涨到75港元，涨幅高达500%以上，市值直逼 5000 亿港元大关。思摩尔国际股价表现（2020-2021年）02 野蛮生长电子烟从线上销售向线下的转折，成为了行业发展的分水岭，头部企业的竞争优势进一步确立。早在2016年，思摩尔国际的净利润就已达到1.25亿元。但当时电子烟的市场大多在海外，并未引起国内太多资本关注。2018年底，美国电子烟公司Juul获得来自烟草巨头奥驰亚集团的巨额投资，估值达到380亿美元，Juul拿出20亿美元发年终奖，电子烟一鸣惊人。而这一年，思摩尔的营收已经飙升至34.34亿元，净利润7.85亿元，超过2016年之前的总营收。Juul巨大的估值和思摩尔成长速度，让国内的创业者和资本看到了电子烟的发展潜力。低门槛、低成本和高毛利的电子烟，一时之间成为创投圈趋之若鹜的热点。以2018年6月悦刻品牌拿到3800万投资为起点，之后锤子科技创始人罗永浩、“同道大叔”创始人蔡跃栋以及黄太吉赫畅等互联网上的“网红选手”纷纷登场，一夜间将行业炒得火热，电子烟逐渐脱离小众市场。天眼查数据显示，2016年至2018年期间，每年电子烟新注册企业数均超过1000家，2019年至今，电子烟企业已新增超2000家。悦刻创于2018年，创始人兼CEO汪莹及其团队成员大多是互联网出身。创始团队7人中，有6个是Uber中国前核心员工，汪莹还是Uber中国被滴滴合并前的中区总经理。汪莹本身就是一个电子烟重度用户。她创业做电子烟的想法，就是她在Uber和滴滴期间因为超负荷工作，大量抽电子烟而萌生。这导致过去悦刻的打法有浓浓的互联网痕迹。2018年初，悦刻以京东众筹的方式，用一个多月的时间就筹得了108万元，并积累了第一波种子用户，打响了国内电子烟品牌的第一枪。后来悦刻依托线上和线下双渠道的铺设，快速在中国市场打开局面，抢占新兴的空白市场，占据了先发优势。2019年7月，悦刻的估值还不到30亿美元，一年半时间过去，它的估值已超过400亿美元。行业快速发展的同时，行业逐渐乱象频发，国内的监管风开始刮起。2019年10月1日，深圳率先将电子烟纳入了禁烟范围；当月15日，深圳开出了全国第一张电子烟罚单。11月，国家市场监督管理总局以及国家烟草专卖局发布通告，限制了电子烟销售的对象范围，以及线上渠道的销售。值得一提的是，在公告发布前20分钟，罗永浩还在微博转发“vvild小野一次性雾化电子烟”双11在电商平台正式开售的消息，消息发出后不久，罗永浩退出了电子烟行业。不少和小野一样通过线上销售电子烟的企业，也在短时间内彻底销声匿迹。电子烟也因此被迫转为线下销售，第一轮风口期结束。在大洋彼岸，监管风同样刮起。美国食品和药物管理局于2020年1月2日宣布，将暂时禁售水果味和薄荷味等口味的电子烟产品，以遏制青少年吸电子烟的趋势。一时火爆的电子烟，被浇下一盆凉水。禁售政策出台的那个季度，悦刻的收入首次出现环比下滑，2020年一季度又因为疫情冲击再次下滑。不过，从二季度悦刻就开始反弹，三季度突破10亿大关，很快就从线上禁售和疫情中恢复了。这也意味着，尽管被锁死了线上渠道，但电子烟行业并没有凉，而是放缓了增速，并进一步向头部聚集了。随着国家政策的逐步放宽，悦刻、Vitavp、Snowplus等电子烟企业仍然受到资本市场青睐，这也形成了电子烟行业目前看起来火热的“第二春”。03 产业推演当这个行业规模如愿变得越来越大的时候，消费者却并不一定会选择悦刻。线上销售渠道被政策彻底锁死之后，本来就相对有限的线下渠道变得更加拥挤。从雾芯科技毛利率的变化中就能看得出来：2018-2019年之间，其毛利率下降了7.2%。为了最大限度地开店，用更高的加码抢占核心铺位，雾芯科技进行了大规模的负债——其中大部分为流动负债，截止上市前总额27.98亿元。相比行业内的很多中小企业，雾芯科技更早、更坚决地布局线下，也因此在线上渠道被卡死之后，整个行业变局最大的受益者。悦刻各渠道销售收入占比变化2019年二季度，雾芯科技CEO汪莹曾经表示，悦刻电子烟在国内的市场占有率已经超过60%；到2020年中，这个数字已经上升至74%。这个曾经的“风口”，竟然只用了短短几年的时间就变成了一家独大的局面，线上禁令起到了非常关键的作用。如今雾芯科技已经上市。摆在投资者、创业者面前最大的一个问题变成了：一家独大的局面，是否会持续下去？要回答这个问题，还是要从传统卷烟市场寻找答案。2019年，国际烟草巨头菲利普-莫里斯公司拥有了全球销量前15的卷烟品牌中的六个，其中万宝路品牌全球市占率10%，蓝星品牌3.5%、切斯特菲尔德品牌2.2%，菲莫品牌1.9%。可以看到，菲利普-莫里斯公司是采用多品牌的方式，实现了全球范围内的市场占有率最大化。这充分说明了一个问题：在卷烟行业，单一品牌（万宝路）无法一家独大，消费者有多品牌选择的需求。不同烟卷产品之间的味道有所差异，但差异会大到什么程度？可能会有很多人有不同的看法，但我们跳出口味的争辩，从品牌的角度可以发现，烟草消费与酒、汽车一样，有一定的文化属性和自我标榜功能。万宝路品牌最初的崛起，就是利用牛仔的形象，将“硬汉文化”与烟草产品进行了绑定。整体上看，在政策强监管、市场空间相对狭小的情况下，电子烟受众规模更小，消费需求趋于一致。但当这个市场规模不断扩大，电子烟产品将会与传统烟卷一样，呈现出更多个性与文化属性。在这个过程中，单一的电子烟品牌，将不再能满足多样化的用户需求。如果雾芯科技的估值尚在正常的范围内，这个问题基本不需要考虑。但问题是，以其2019年仅4775万元的利润，坐享目前接近350亿美元、合人民币2200亿元以上的估值，很明显是被当做潜在的高市占、高成长性企业在估值。这样的估值意味着，雾芯科技已经被定义到大市场中。在大市场环境里，以一个品牌满足多元化的消费者需求，是值得怀疑的。相比之下，以一己之力供给全球电子烟企业代工生产的思摩尔国际，更有机会以代工多种类型产品的方式去占据全球大市场，而不必考虑品牌文化、消费选择的问题。虽然悦刻是思摩尔国际的大客户，但中国内地市场仅占思摩尔国际20%左右的市场份额，中国香港、美国等地的大客户，同样采购这家代工龙头企业的产品。技术优势给了思摩尔国际以更高的面向客户的议价能力。其毛利率从2016年的24.31%开始不断提高，到2019年年报达到44.05%，2020年中报进一步提升至48.98%，在产业链中的强势地位已经明确。当悦刻在线下渠道拼杀的时候，它必须将更多的利润贡献给上游的思摩尔国际。但当这个行业规模如愿变得越来越大的时候，消费者却并不一定选择它。对于雾芯科技的投资者来说，这些都是其必须警惕的产业发展推演。","news_type":1},"isVote":1,"tweetType":1,"viewCount":2573,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":389765862945040,"gmtCreate":1736165455795,"gmtModify":1742066480467,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"我平仓了100.0股<a href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$&nbsp;</a>,来看看我最新分享的订单！","listText":"我平仓了100.0股<a href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$&nbsp;</a>,来看看我最新分享的订单！","text":"我平仓了100.0股$拼多多(PDD)$ ,来看看我最新分享的订单！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":1,"link":"https://laohu8.com/post/389765862945040","isVote":1,"tweetType":1,"viewCount":2726,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4195804750944690","authorId":"4195804750944690","name":"Nitedive","avatar":"https://static.tigerbbs.com/b521eff12cf56451459485f189e9a044","crmLevel":9,"crmLevelSwitch":1,"idStr":"4195804750944690","authorIdStr":"4195804750944690"},"content":"大佬这个127%是做了多少t 牛逼","text":"大佬这个127%是做了多少t 牛逼","html":"大佬这个127%是做了多少t 牛逼"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":333280635,"gmtCreate":1609287286227,"gmtModify":1703738595767,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$</a>再说一遍，空拼多多的都是傻子，想亏钱的就来空吧，奉劝各位，看不懂可以不买，但是不要去空，股票上涨没有上限，空头风险无限大。看看多多用户的增长趋势，以后是会赶超阿里的，所以还是不要做空了。","listText":"<a href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$</a>再说一遍，空拼多多的都是傻子，想亏钱的就来空吧，奉劝各位，看不懂可以不买，但是不要去空，股票上涨没有上限，空头风险无限大。看看多多用户的增长趋势，以后是会赶超阿里的，所以还是不要做空了。","text":"$拼多多(PDD)$再说一遍，空拼多多的都是傻子，想亏钱的就来空吧，奉劝各位，看不懂可以不买，但是不要去空，股票上涨没有上限，空头风险无限大。看看多多用户的增长趋势，以后是会赶超阿里的，所以还是不要做空了。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/333280635","isVote":1,"tweetType":1,"viewCount":1297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":385787334983992,"gmtCreate":1735231236645,"gmtModify":1746553907221,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"我开仓了<a href=\"https://laohu8.com/OPT/PDD 20241227 99.0 PUT\">$PDD 20241227 99.0 PUT$&nbsp;</a>,我开仓了<a href=\"https://laohu8.com/OPT/PDD 20241227 99.0 PUT\">$PDD 20241227 99.0 PUT$&nbsp;</a>,来看看我最新分享的订单！","listText":"我开仓了<a href=\"https://laohu8.com/OPT/PDD 20241227 99.0 PUT\">$PDD 20241227 99.0 PUT$&nbsp;</a>,我开仓了<a href=\"https://laohu8.com/OPT/PDD 20241227 99.0 PUT\">$PDD 20241227 99.0 PUT$&nbsp;</a>,来看看我最新分享的订单！","text":"我开仓了$PDD 20241227 99.0 PUT$ ,我开仓了$PDD 20241227 99.0 PUT$ ,来看看我最新分享的订单！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":1,"link":"https://laohu8.com/post/385787334983992","isVote":1,"tweetType":1,"viewCount":1505,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":415593767018736,"gmtCreate":1742492323890,"gmtModify":1742627057831,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"我开仓了1手<a href=\"https://laohu8.com/OPT/PDD 20250321 140.0 CALL\">$PDD 20250321 140.0 CALL$&nbsp;</a>,来看看我最新分享的订单！","listText":"我开仓了1手<a href=\"https://laohu8.com/OPT/PDD 20250321 140.0 CALL\">$PDD 20250321 140.0 CALL$&nbsp;</a>,来看看我最新分享的订单！","text":"我开仓了1手$PDD 20250321 140.0 CALL$ ,来看看我最新分享的订单！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":1,"link":"https://laohu8.com/post/415593767018736","isVote":1,"tweetType":1,"viewCount":570,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":382412400,"gmtCreate":1613474707500,"gmtModify":1613474707500,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/RLX\">$RLX科技(RLX)$</a>😂","listText":"<a href=\"https://laohu8.com/S/RLX\">$RLX科技(RLX)$</a>😂","text":"$RLX科技(RLX)$😂","images":[{"img":"https://static.tigerbbs.com/fef50e11bdf63297ffc1561cd123e772","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/382412400","isVote":1,"tweetType":1,"viewCount":2724,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":955752241,"gmtCreate":1592564670083,"gmtModify":1704199753479,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"成立了四年就发展到这么大规模，说明公司成立多长时间不重要，重要的是公司模式是否给客户带来了价值，满足了客户的需求，反之成立多长时间都没啥用。","listText":"成立了四年就发展到这么大规模，说明公司成立多长时间不重要，重要的是公司模式是否给客户带来了价值，满足了客户的需求，反之成立多长时间都没啥用。","text":"成立了四年就发展到这么大规模，说明公司成立多长时间不重要，重要的是公司模式是否给客户带来了价值，满足了客户的需求，反之成立多长时间都没啥用。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/955752241","repostId":"2044537584","repostType":2,"repost":{"id":"2044537584","kind":"news","pubTimestamp":1592543734,"share":"https://www.laohu8.com/m/news/2044537584?lang=&edition=full","pubTime":"2020-06-19 13:15","market":"us","language":"zh","title":"京东徐雷谈拼多多：成立四年的公司，能否持续要市场检验","url":"https://stock-news.laohu8.com/highlight/detail?id=2044537584","media":"IT之家","summary":"6月17日，京东零售CEO徐雷在接受采访时被问及如何应对来自拼多多的威胁。徐雷表示，我不太在乎只成立了四年的公司，虽然一个公司出现在市场上肯定有它的价值，但也轮不到我说它能否持续，要留给市场和顾客去检","content":"<html><body><article><p>6月17日，<a href=\"https://laohu8.com/S/JD\">京东</a>零售CEO徐雷在接受采访时被问及如何应对来自<a href=\"https://laohu8.com/S/PDD\">拼多多</a>的威胁。徐雷表示，我不太在乎只成立了四年的公司，虽然一个公司出现在市场上肯定有它的价值，但也轮不到我说它能否持续，要留给市场和顾客去检验。（IT之家）</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>京东徐雷谈拼多多：成立四年的公司，能否持续要市场检验</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n京东徐雷谈拼多多：成立四年的公司，能否持续要市场检验\n</h2>\n\n<h4 class=\"meta\">\n\n\n2020-06-19 13:15 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2020061913153679ebe1b4&s=b><strong>IT之家</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>6月17日，京东零售CEO徐雷在接受采访时被问及如何应对来自拼多多的威胁。徐雷表示，我不太在乎只成立了四年的公司，虽然一个公司出现在市场上肯定有它的价值，但也轮不到我说它能否持续，要留给市场和顾客去检验。（IT之家）</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2020061913153679ebe1b4&s=b\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/de3612ce058adadd700c5e54613b3847","relate_stocks":{"09618":"京东集团-SW","JD":"京东","QNETCN":"纳斯达克中美互联网老虎指数","PDD":"拼多多"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2020061913153679ebe1b4&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2044537584","content_text":"6月17日，京东零售CEO徐雷在接受采访时被问及如何应对来自拼多多的威胁。徐雷表示，我不太在乎只成立了四年的公司，虽然一个公司出现在市场上肯定有它的价值，但也轮不到我说它能否持续，要留给市场和顾客去检验。（IT之家）","news_type":1},"isVote":1,"tweetType":1,"viewCount":1562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":391251103125936,"gmtCreate":1736552727477,"gmtModify":1742066480360,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"我平仓了<a href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$&nbsp;</a>,来看看我最新分享的订单！","listText":"我平仓了<a href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$&nbsp;</a>,来看看我最新分享的订单！","text":"我平仓了$拼多多(PDD)$ ,来看看我最新分享的订单！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/391251103125936","isVote":1,"tweetType":1,"viewCount":1205,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":310433967,"gmtCreate":1611342854959,"gmtModify":1703750110486,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/RLX\">$RLX科技(RLX)$</a>可惜太少了","listText":"<a href=\"https://laohu8.com/S/RLX\">$RLX科技(RLX)$</a>可惜太少了","text":"$RLX科技(RLX)$可惜太少了","images":[{"img":"https://static.tigerbbs.com/6451be9125d91e67053244d06969f962","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/310433967","isVote":1,"tweetType":1,"viewCount":1524,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":410320615588120,"gmtCreate":1741185833425,"gmtModify":1742060956918,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"我平仓了<a href=\"https://laohu8.com/OPT/PDD 20250815 100.0 PUT\">$PDD 20250815 100.0 PUT$&nbsp;</a>,来看看我最新分享的订单！","listText":"我平仓了<a href=\"https://laohu8.com/OPT/PDD 20250815 100.0 PUT\">$PDD 20250815 100.0 PUT$&nbsp;</a>,来看看我最新分享的订单！","text":"我平仓了$PDD 20250815 100.0 PUT$ ,来看看我最新分享的订单！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/410320615588120","isVote":1,"tweetType":1,"viewCount":526,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":409698605023696,"gmtCreate":1741033956980,"gmtModify":1742066480395,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"我开仓了<a href=\"https://laohu8.com/OPT/PDD 20250815 100.0 PUT\">$PDD 20250815 100.0 PUT$&nbsp;</a>,来看看我最新分享的订单！","listText":"我开仓了<a href=\"https://laohu8.com/OPT/PDD 20250815 100.0 PUT\">$PDD 20250815 100.0 PUT$&nbsp;</a>,来看看我最新分享的订单！","text":"我开仓了$PDD 20250815 100.0 PUT$ ,来看看我最新分享的订单！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/409698605023696","isVote":1,"tweetType":1,"viewCount":672,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":395383224397936,"gmtCreate":1737556781578,"gmtModify":1737556783128,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"惹惹惹","listText":"惹惹惹","text":"惹惹惹","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/395383224397936","isVote":1,"tweetType":1,"viewCount":748,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":390011239555544,"gmtCreate":1736261608257,"gmtModify":1736263269324,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/OPT/PDD 20250110 97.0 PUT\">$PDD 20250110 97.0 PUT$ </a>&nbsp;","listText":"<a href=\"https://laohu8.com/OPT/PDD 20250110 97.0 PUT\">$PDD 20250110 97.0 PUT$ </a>&nbsp;","text":"$PDD 20250110 97.0 PUT$","images":[{"img":"https://static.tigerbbs.com/79eacdc51b0f1e5b504983a70f9dc5ad","width":"858","height":"1877"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/390011239555544","isVote":1,"tweetType":1,"viewCount":1044,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":390049829687568,"gmtCreate":1736261314682,"gmtModify":1742066480288,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"我开仓了<a href=\"https://laohu8.com/OPT/PDD 20250110 97.0 PUT\">$PDD 20250110 97.0 PUT$&nbsp;</a>,来看看我最新分享的订单！","listText":"我开仓了<a href=\"https://laohu8.com/OPT/PDD 20250110 97.0 PUT\">$PDD 20250110 97.0 PUT$&nbsp;</a>,来看看我最新分享的订单！","text":"我开仓了$PDD 20250110 97.0 PUT$ ,来看看我最新分享的订单！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/390049829687568","isVote":1,"tweetType":1,"viewCount":638,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":389767025733856,"gmtCreate":1736165589520,"gmtModify":1736165591025,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/389767025733856","repostId":"389765862945040","repostType":1,"repost":{"id":389765862945040,"gmtCreate":1736165455795,"gmtModify":1742066480467,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"我平仓了100.0股<a href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$&nbsp;</a>,来看看我最新分享的订单！","listText":"我平仓了100.0股<a href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$&nbsp;</a>,来看看我最新分享的订单！","text":"我平仓了100.0股$拼多多(PDD)$ ,来看看我最新分享的订单！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/389765862945040","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1003,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":386020539703520,"gmtCreate":1735270916216,"gmtModify":1735270917912,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/386020539703520","repostId":"385787334983992","repostType":1,"repost":{"id":385787334983992,"gmtCreate":1735231236645,"gmtModify":1746553907221,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"我开仓了<a href=\"https://laohu8.com/OPT/PDD 20241227 99.0 PUT\">$PDD 20241227 99.0 PUT$&nbsp;</a>,我开仓了<a href=\"https://laohu8.com/OPT/PDD 20241227 99.0 PUT\">$PDD 20241227 99.0 PUT$&nbsp;</a>,来看看我最新分享的订单！","listText":"我开仓了<a href=\"https://laohu8.com/OPT/PDD 20241227 99.0 PUT\">$PDD 20241227 99.0 PUT$&nbsp;</a>,我开仓了<a href=\"https://laohu8.com/OPT/PDD 20241227 99.0 PUT\">$PDD 20241227 99.0 PUT$&nbsp;</a>,来看看我最新分享的订单！","text":"我开仓了$PDD 20241227 99.0 PUT$ ,我开仓了$PDD 20241227 99.0 PUT$ ,来看看我最新分享的订单！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/385787334983992","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":385936104018464,"gmtCreate":1735267560450,"gmtModify":1735267853695,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/OPT/PDD 20241227 99.0 PUT\">$PDD 20241227 99.0 PUT$ </a>&nbsp;","listText":"<a href=\"https://laohu8.com/OPT/PDD 20241227 99.0 PUT\">$PDD 20241227 99.0 PUT$ </a>&nbsp;","text":"$PDD 20241227 99.0 PUT$","images":[{"img":"https://static.tigerbbs.com/acae2158ef67864883c238335677bc55","width":"1080","height":"3009"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/385936104018464","isVote":1,"tweetType":1,"viewCount":1152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":370669583605904,"gmtCreate":1731509305028,"gmtModify":1731509306449,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370669583605904","repostId":"367603474288672","repostType":1,"repost":{"id":367603474288672,"gmtCreate":1730646060000,"gmtModify":1730763210549,"author":{"id":"9000000000000059","authorId":"9000000000000059","name":"柳叶刀财经","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"9000000000000059","authorIdStr":"9000000000000059"},"themes":[],"title":"抄作业就彻底","htmlText":"估计有同学不知道GME这个公司，中文翻译过来是游戏驿站。我简单介绍下这个公司。这其实是一个陷入困境的视频游戏零售商的美股公司，突然在2021年的时候，成为了散户抱团股。那么为什么是这家公司呢？这就要介绍下reddit先了。Reddit 的 WallStreetBets 论坛本是一**易员和用户聚在一起，讲行话、段子和交流股票心得的地方。对比下来可能是某红书，类似这样的地方。2021年年初，许多个人投资者在 Reddit 和其他社交平台上受到号召，纷纷购买游戏驿站。而为什么大家这么心齐呢？因为在2021年之前的1年，论坛的一些热情的用户押注斯特拉并产生回报，使得论坛规模大大扩张。而且，最重要的是，普通用户在论坛里心齐以后，竟然真的可以拉动股票，并且带动股票价格上涨，而散户也赚了钱。这就让他们萌生了巨大的想法，是不是游戏驿站也可以。背后的逻辑是：社交媒体上散户的抱团使得他们看到了，只要齐心协力就可以干翻机构，特别是做空机构。于是在带头大哥的带领下，游戏驿站的游戏开始了。事实上也是这样，看看这个图。 游戏驿站在21年的那1个月左右，涨了25倍，干翻了所有的做空机构、对冲基金。按统计，所有空头亏损总计100-200亿美元。那么，你在想想最近大A的最近一些操作手法，是不是有点类似。在某音、某红书的一些带头大哥的带领下，散户选择赎回基金，跟着游资或者带头大哥，疯狂去做多那些没有套牢盘，市值小的一些公司。他们曾经也是把钱给了基金经理，后来发现自己亏钱还没过把瘾，现在不如赎回回来自己干，即使输钱也能过把瘾。这其实是最近一些小市值、无套牢盘的公司上涨的逻辑：游戏以及带头大哥亲自上，散户也跟着干，于是就把一些公司的股价买上天了。你去看看龙虎榜上有多少拉萨天团就知道了。这跟游戏驿站逻辑有点类似。当然，游戏驿站最终也是套牢了一批人，这个图刚我放过了，虽然那1个月涨了25倍，24年又涨了一波，但是总","listText":"估计有同学不知道GME这个公司，中文翻译过来是游戏驿站。我简单介绍下这个公司。这其实是一个陷入困境的视频游戏零售商的美股公司，突然在2021年的时候，成为了散户抱团股。那么为什么是这家公司呢？这就要介绍下reddit先了。Reddit 的 WallStreetBets 论坛本是一**易员和用户聚在一起，讲行话、段子和交流股票心得的地方。对比下来可能是某红书，类似这样的地方。2021年年初，许多个人投资者在 Reddit 和其他社交平台上受到号召，纷纷购买游戏驿站。而为什么大家这么心齐呢？因为在2021年之前的1年，论坛的一些热情的用户押注斯特拉并产生回报，使得论坛规模大大扩张。而且，最重要的是，普通用户在论坛里心齐以后，竟然真的可以拉动股票，并且带动股票价格上涨，而散户也赚了钱。这就让他们萌生了巨大的想法，是不是游戏驿站也可以。背后的逻辑是：社交媒体上散户的抱团使得他们看到了，只要齐心协力就可以干翻机构，特别是做空机构。于是在带头大哥的带领下，游戏驿站的游戏开始了。事实上也是这样，看看这个图。 游戏驿站在21年的那1个月左右，涨了25倍，干翻了所有的做空机构、对冲基金。按统计，所有空头亏损总计100-200亿美元。那么，你在想想最近大A的最近一些操作手法，是不是有点类似。在某音、某红书的一些带头大哥的带领下，散户选择赎回基金，跟着游资或者带头大哥，疯狂去做多那些没有套牢盘，市值小的一些公司。他们曾经也是把钱给了基金经理，后来发现自己亏钱还没过把瘾，现在不如赎回回来自己干，即使输钱也能过把瘾。这其实是最近一些小市值、无套牢盘的公司上涨的逻辑：游戏以及带头大哥亲自上，散户也跟着干，于是就把一些公司的股价买上天了。你去看看龙虎榜上有多少拉萨天团就知道了。这跟游戏驿站逻辑有点类似。当然，游戏驿站最终也是套牢了一批人，这个图刚我放过了，虽然那1个月涨了25倍，24年又涨了一波，但是总","text":"估计有同学不知道GME这个公司，中文翻译过来是游戏驿站。我简单介绍下这个公司。这其实是一个陷入困境的视频游戏零售商的美股公司，突然在2021年的时候，成为了散户抱团股。那么为什么是这家公司呢？这就要介绍下reddit先了。Reddit 的 WallStreetBets 论坛本是一**易员和用户聚在一起，讲行话、段子和交流股票心得的地方。对比下来可能是某红书，类似这样的地方。2021年年初，许多个人投资者在 Reddit 和其他社交平台上受到号召，纷纷购买游戏驿站。而为什么大家这么心齐呢？因为在2021年之前的1年，论坛的一些热情的用户押注斯特拉并产生回报，使得论坛规模大大扩张。而且，最重要的是，普通用户在论坛里心齐以后，竟然真的可以拉动股票，并且带动股票价格上涨，而散户也赚了钱。这就让他们萌生了巨大的想法，是不是游戏驿站也可以。背后的逻辑是：社交媒体上散户的抱团使得他们看到了，只要齐心协力就可以干翻机构，特别是做空机构。于是在带头大哥的带领下，游戏驿站的游戏开始了。事实上也是这样，看看这个图。 游戏驿站在21年的那1个月左右，涨了25倍，干翻了所有的做空机构、对冲基金。按统计，所有空头亏损总计100-200亿美元。那么，你在想想最近大A的最近一些操作手法，是不是有点类似。在某音、某红书的一些带头大哥的带领下，散户选择赎回基金，跟着游资或者带头大哥，疯狂去做多那些没有套牢盘，市值小的一些公司。他们曾经也是把钱给了基金经理，后来发现自己亏钱还没过把瘾，现在不如赎回回来自己干，即使输钱也能过把瘾。这其实是最近一些小市值、无套牢盘的公司上涨的逻辑：游戏以及带头大哥亲自上，散户也跟着干，于是就把一些公司的股价买上天了。你去看看龙虎榜上有多少拉萨天团就知道了。这跟游戏驿站逻辑有点类似。当然，游戏驿站最终也是套牢了一批人，这个图刚我放过了，虽然那1个月涨了25倍，24年又涨了一波，但是总","images":[{"img":"https://static.tigerbbs.com/134af34401264636a95b3a6b8a43ab54"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/367603474288672","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":992,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":328113643466880,"gmtCreate":1721135853459,"gmtModify":1721135859151,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"title":"竞猜赢虎币 ，寻找实盘收益王","htmlText":"查看详情：<a href=\"https://tigr.link/98Q8ju\">竞猜赢虎币 ，寻找实盘收益王</a> 快来参与实盘竞猜活动，寻找你心中的收益王者，竞猜最高可获得USD 500代金券奖励。 此帖仅开放于中国大陆用户","listText":"查看详情：<a href=\"https://tigr.link/98Q8ju\">竞猜赢虎币 ，寻找实盘收益王</a> 快来参与实盘竞猜活动，寻找你心中的收益王者，竞猜最高可获得USD 500代金券奖励。 此帖仅开放于中国大陆用户","text":"查看详情：竞猜赢虎币 ，寻找实盘收益王 快来参与实盘竞猜活动，寻找你心中的收益王者，竞猜最高可获得USD 500代金券奖励。 此帖仅开放于中国大陆用户","images":[{"img":"https://static.tigerbbs.com/f22c491ee8ae08f0d36ded0795f1fe33"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/328113643466880","isVote":1,"tweetType":1,"viewCount":839,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":308618908238024,"gmtCreate":1716374157153,"gmtModify":1716374159239,"author":{"id":"3535055924029426","authorId":"3535055924029426","name":"丁丁丁丁丁丁","avatar":"https://static.tigerbbs.com/a9218179355e60b52eb4500a88ee325a","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3535055924029426","authorIdStr":"3535055924029426"},"themes":[],"htmlText":"跌的太好了，卖的call收米了","listText":"跌的太好了，卖的call收米了","text":"跌的太好了，卖的call收米了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/308618908238024","isVote":1,"tweetType":1,"viewCount":1786,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}