kingnovel Chapter 548 Don’t be too greedy!
Chapter 548 Don’t be too greedy!
In fact, before the Internet bubble, Tang Yichen and Tang Xionghua talked about this when they were chatting.
The bursting of the bubble cannot continue to fall for one or two years.
If that were the case, it would not be a stock market crash, but a real collapse, a literal collapse of the stock market.
Whether it is a human or an animal, they will struggle before dying, not to mention that this is a capital market with the world's number one country behind it.
At this moment, in Tang Yichen's eyes, he seemed to see that in the United States, batch after batch of green leeks were growing vigorously.
He could imagine how much confidence the current stock market rebound would bring to the people of the United States.
They must have thought that this was the real bottom, and as their domestic experts and guests said, the stock market de-bubble had been completed.
Next, it’s time to rebound and make money.
If you don’t catch up now, when will you catch up?
Is this really the case?
It was the first trading day after Tang Yichen and Tang Xionghua said this, which was the evening of the 8th.
US time, daytime on the 8th, Monday.
The stock market continued to be in the red at the opening, but it only remained in the red for less than ten minutes.
Living in the present, living in a bubble, no one knows how long this bubble will last before it bursts.
That’s why some people keep buying at the bottom.
Only Tang Yichen knew that these people were leeks, and they would be cut back and forth by the stock market, with one batch of leeks after another being cut.
That's right, they cut their losses and ran away before, and then they bought at the bottom again and again, and then some people got nothing, and some people cut their losses and left again.
This time, the green turn seems to have given these people an opportunity.
But today, those rice stock investors who felt that the stock market had rebounded and entered a meat-eating environment seemed to have entered an ice cellar in an instant.
"David, what should we do? What should we do? Should we run?"
In the United States, David's best friend was walking around David.
"Run, run first!" David gritted his teeth and immediately took his best friends to the exchange.
If it were in the past, he would not run away. If he followed the market's short-term correction and bought high when the market went up and sold when the market went down, he would be a complete leek. How could he achieve financial freedom by living like this?
But now he is really scared.
So the first thing that happened was that as soon as his best friend asked him to do something, he was ready to take him with him to cut the meat.
However, it was only after he placed the sell order that he realized how bad the situation was.
The market was flooded with a large number of sell orders, and the price of these sell orders was adjusted so quickly that he could not keep up.
This made his plan to cut losses and run away fail in the end.
During the lunch break, David's face turned black. In the previous week, the stock market only rose by a few percentage points.
And this morning alone, the stock market dropped 3 percent. Everyone was stunned.
Sell it?
I wanted to cut my losses in time before, but given the current situation, if I sell, I’m afraid this week’s work will be in vain!
Unwilling to accept.
In addition, it is now widely known that the current situation is only because Microsoft lost the antitrust lawsuit, which led to funds and capital selling Microsoft's stocks together, so don't panic.
There will definitely be sounds of a rebound tomorrow.
Therefore, due to his inner reluctance, he did not go to the exchange in the afternoon.
Be patient. If you want to make money, how can you run away? The market de-bubble has ended. This is really a normal market correction. It is indeed a wave of decline in the story caused by the sell-off of Microsoft's stock. When everyone reacts tomorrow, other stocks except Microsoft will definitely rise again.
Cannot be sold.
With this idea in mind, David missed his last chance to cut his losses and run away after becoming a韭菜 again.
In the afternoon, it fell another 2 percent, and the drop was more than five points at one point.
The gains of the previous week were almost completely wiped out today. By this time, David was already regretting his decision.
But there's no use regretting.
The next day, as soon as the market opened, the market was in the red, and it took only ten minutes to officially announce that the market that had risen in the previous week had completely fallen from yesterday to now.
For a moment, David's mouth was full of bitterness.
Chives!
Although the market is red, he feels like he is green.
The green kind of leeks.
Of course, compared to a leek like David.
Now the financial team that helps Tang Xionghua manage funds can finally breathe a sigh of relief.
It fell back again. It fell well. It scared them a week ago.
Now it has fallen again. In two days, the money in the account has returned to normal and there is no loss. That’s great.
Naturally, Tang Xionghua and Tang Yichen must be very happy about this situation.
Even Tang Yichen is the same.
Although we know that the stock market will not continue to fall, but will be accompanied by ups and downs, and a long-term decline.
But he did not know the duration and magnitude of each decline in the long term.
Now that the first rise is over, a wave of leeks have been harvested, and the shareholders of the Mi Empire are wailing, but this has little to do with the old Tang family.
"Son, what do you think? If we see a price increase next time, can we just settle the account directly, wait for it to rise for a few days, and then increase the leverage to short sell?
On the evening of the 9th, Tang Xionghua, who was in a good mood, suddenly asked this question when he was talking to Tang Yichen about the Mi stock market.
Tang Yichen was stunned for a moment, then looked at his father and smiled, "In theory, it's possible, but the actual operation is too difficult. We don't know the specific time of rise and fall. If we wait until it rises, we go to the market to buy stocks and settle them. That would be a large purchase order of billions. Wouldn't this further help push up the price of Mi Stock?"
In this way, it is difficult to control how much money we can get back at that time.
Moreover, even if we can make a little profit and get more funds, we don’t know when the rise will end and the market will start to fall. When it does fall, we will go short, but if we open a short position with high leverage, there may not be anyone to take the order and fill it.
"Haha! That's right, that's right, I'm the one who's being greedy!"
Tang Yichen smiled and said, "That's it anyway. If we can double our funds this time, we'll make a profit."
Making money in the stock market is actually not very interesting.
It’s just that there’s really no place to put the funds now.
So you can make some money from US stocks by the way. When this bubble is almost over, you will have to use this money to hold stocks of large companies with unlimited future potential for a long time.
"By the way, Dad, how are the five stocks we acquired doing now?"
Tang Yichen suddenly asked this question.
The Tang family has more than just the current amount of funds in US stocks. They previously acquired stocks of five companies worth nearly 10 billion, and their stocks are close to the shareholding limit.
Tang Xionghua lit a cigarette and said with a smile, "The fruit company's stock has fallen. If I had known this earlier, I would have sold it when I shipped it earlier. However, at present, the drop is not very large. After all, the fruit company has the ability to support various hard technologies. So far, it has only dropped by eight points.
The same goes for other companies, which have all started to fall since March.
However, their decline was smaller, as the other four companies had nothing to do with the internet, and their decline was only triggered by panic capital flight from the broader market."
“That’s okay, the fall is still acceptable.
"But it's okay if we don't sell the fruit company's stock. We finally reached the target, and it's hard to buy it back bit by bit after selling. We're holding it for the long term anyway, so if we don't sell, we won't lose money. We'll just miss out on some intermediate profits."
"Haha, that's right. Okay, let's not talk about this anymore. The helicopter will arrive tomorrow, and I'm going to go to the Magic City!"