这几天总结经验发现，冲 3-5M 这一段的 SOL 币最容易亏这个市值区间最容易归零，属于目前散户情绪盘小叙事的高点 ...

. @pumpdotfun 的市值对比图（基于 FDV 排序） https://t.co/WCGx09rYWd ...

. @pumpdotfun 的市值对比图（基于 33% 的初始流通量计算，初始流通量可能存在比较多变数，有人说是 33%、35% 和 55%，还需要等官方后续公布更多信息）。 https://t.co/78iOuzjlFf ...

Valuation Analysis - The true market capitalization can be calculated by multiplying the current market capitalization by 1.62% [1]

Group 1 - Nintendo's stock price has been continuously rising, reaching a historic high with a market value surpassing $100 billion, making it the seventh largest company in Japan [1] - The upcoming launch of Switch 2 is a significant factor boosting investor confidence and driving the company's market value [1][3] - The pre-order demand for Switch 2 is strong, with 2.2 million pre-orders in Japan and high interest in the domestic market [3] Group 2 - Switch 2 features significant upgrades, including a larger screen size of 7.9 inches, 1080P resolution, 120Hz refresh rate, and 4K output in docked mode [3] - The pricing of Switch 2 has increased by approximately 50% compared to the original Switch, with the new model priced at around $3250 RMB for the US version [3] - Despite the excitement surrounding Switch 2, Nintendo faces challenges from competitors like Sony's PS5 and Microsoft's Xbox, as well as declining sales figures for its current hardware and games [4] Group 3 - Nintendo's financial performance has shown a decline, with a 31.4% drop in total sales revenue and a 46.7% decrease in operating profit year-over-year [4] - The company sold 9.54 million Switch units in the first nine months of the fiscal year, a decrease of 30.6% compared to the previous year [4] - Industry experts suggest that Nintendo must adapt to new technologies and changing consumer trends to maintain its market position and drive innovation [5]

Core Viewpoint - The article discusses the investment journey of the cosmetic company Proya, highlighting its significant profit growth and market valuation changes over the years, emphasizing the importance of understanding industry dynamics and making informed investment decisions. Group 1: Proya's Financial Performance - In 2017, Proya's profit was 200 million with a market capitalization of 5 billion, resulting in a dynamic P/E ratio of 25 times. By 2018, profits were projected to grow by 40-50%, leading to a lower P/E ratio of 17 times, indicating the stock was undervalued [2]. - By 2021, Proya's profit reached approximately 600 million, with a market capitalization of 40 billion, resulting in a dynamic P/E ratio of nearly 70 times. If profits continued to grow to 2 billion, the P/E ratio would drop to 20 times [4]. - Proya's profits increased from 200 million in 2017 to 1.5 billion in 2024, reflecting a consistent growth trend [11]. Group 2: Market Valuation and Investment Strategy - The article illustrates that selling Proya shares at a high P/E ratio (70 times) in 2021 could have led to missed opportunities, as the stock continued to perform well, while other sectors like real estate and banking saw significant declines [5]. - The author suggests that maintaining a position in high-growth companies like Proya, even at elevated P/E ratios, can be beneficial if the underlying business continues to grow [6]. - The article advises caution when the stock price reaches a certain threshold (30-40), as it may indicate a need to consider reallocating to higher dividend yield stocks [7]. Group 3: Industry Comparisons - Proya's performance is compared to other sectors, such as coal and liquor, where investments in companies with lower P/E ratios (like 7 times for coal) yielded substantial returns [5]. - Historical performance of other companies like Yunnan Baiyao and Heng Rui Pharmaceutical is referenced, showing that maintaining positions in leading companies can lead to significant long-term gains [9][10]. - The article emphasizes the importance of understanding industry trends and the potential for high-growth companies to maintain elevated valuations over time [8].