The Black Five categories of stocks mentioned by Li Daxiao refer to small-cap stocks, sub-new stocks, junk stocks, theme stocks and pseudo-growth stocks. In the stock market, the Black Five Categories refer to the Black Five Categories of stocks in the A-share market, including:

(1) Small-cap stocks: the circulating market is less than 500 million, and the free-floating share capital is less than 100 million;

(2) New shares: listing date after December 31, 2013;

(3) Poor-performing shares: earnings per share (TTM) less than 1 cent;

(4) Theme stocks: stocks with a total market value of less than 5 billion among all theme concept stocks;

(5) False growth: revenue growth in 2011 was greater than 30%, and revenue growth in 2012 was less than 20% , the revenue growth in 2013 was less than 10, and the total market value was less than 5 billion.

Li Daxiao once said that undervalued blue-chip stocks are the best investment stocks, so when investors buy stocks, they should first look at blue-chip stocks and then other stocks. The stock market is doing very well now. Since March, A-shares have announced that they have entered a bull market. Although there was a correction for a period of time, the impact was not big!