Chapter 151 Buying Stocks On December 19, 1990,...
On Wednesday, December 19, 1990, Xu Heye woke up early, wrapped herself in a thick cotton coat, and headed out with her schoolbag. But she didn't go to school; she went somewhere else.
Today is the official opening day of the Shanghai Stock Exchange.
Yes, the place Xu Heye was going to was the listed stock exchange.
Xu Heye didn't know much about the stock market, but she had heard of the Shenzhen Stock Exchange's "Old Five" and "Old Eight" stocks. Over time, these stocks had experienced varying fortunes, with some experiencing successful transformations and others delisting or becoming ST stocks.
However, at this time, they are witnesses to the development of China's capital market.
Xu Heye’s target today is Feilo Acoustics and Vacuum Electronics, two of the eight listed stocks.
She didn't know much about these two stocks, but in her previous life, when she went to work in a factory after the college entrance examination, a team leader in the factory often told them about his previous stock trading experience.
He bought these two stocks after the Shanghai Stock Exchange opened, but unfortunately he didn't hold them for long before selling them.
At that time, I was quite happy to see that I had made some money. Who would have thought that two years later, the stock price would soar all the way, becoming the first and second stocks in the history of A-shares to have a price exceeding 1,000 yuan. Everyone who bought these two stocks made a fortune.
Only he grasped the wealth, but missed it.
The team leader was jealous, so he did what most stock investors did at the beginning: chase the rising price, and he chased it directly at the peak...
The little money she had earned in the stock market was eventually lost, not only did she lose everything, but her entire family fortune as well. Otherwise, her team leader wouldn't have had to work in a factory and earn such a hard-earned living.
Xu Heye listened to him many times and also memorized these two names.
Now that she has this opportunity, she naturally will not miss it.
However, Xu Heye knew very well that she knew nothing about the stock market. She was just trying to take advantage of the situation and make a quick buck. So she didn't plan to invest too much. The 23,800 yuan she had on hand was enough for her to give it a try.
She planned to keep 3,800 yuan for living expenses and the remaining 20,000 yuan to buy stocks. If she could make money, she would have furniture and could save enough for a down payment on a house in Hudong. If she lost money, she wouldn't be completely bankrupt.
The bus was shaking and arrived at the destination while Xu Heye was thinking about it.
Xu Heye got off the bus and slowly walked towards the stock exchange. When she arrived, the stock exchange was already packed with people. No matter what time of year, there were always many knowledgeable people.
Xu Heye looked around to see if she could meet the team leader from her previous life.
If she could see him, she would try to give him some advice. After all, if it weren't for him, she wouldn't have this opportunity.
What's more, when they were working at the factory, their team leader was very kind to them. If they made a mistake, he would intercede for them. After the holidays, he would even bring home-cooked pig's trotters to the factory as a snack.
Unfortunately, Xu Heye went around the entire securities hall but didn't meet the team leader.
She felt a little regretful that she didn't meet her old friend, but then she thought that it might not be a bad thing if he didn't come to trade stocks this time.
A simple life is also a blessing.
Like the team leader who became rich overnight by stock trading, lost all his family fortune by stock trading, and even got into a lot of debts by stock trading, it is a blessing to stay away from stocks in this life.
As Xu Heye was thinking, the bell for the stock market opening rang out. The previously sluggish crowd quickly rushed towards the counter.
If you want to buy stocks at this time, you can only go to the counter to buy. Ask the staff for a buy and sell order, fill it out, and then give it to the staff to help with the transaction. After the transaction is completed, a delivery note will be printed.
Therefore, many people use other people's identification information to buy stocks. Xu Heye was underage and couldn't use her own, so she used her parents' ID cards.
Xu Heye had a clear goal, which was to buy Feilo Audio and Vacuum Electronics.
Feilo Audio issued 10,000 shares with a par value of 50 yuan per share, raising a total of 500,000 yuan - 35% of the 10,000 shares were subscribed by legal persons and 65% were issued to the public.
If Xu Heye invests 10,000 yuan, she can buy 200 shares.
However, the issue price of Vacuum Electronics was as high as 365 yuan, and the minimum face value was 100 shares. Even if one only bought 100 shares, it would cost 36,500 yuan, and Xu Heye simply did not have that much money on hand.
Xu Heye thought about it and exchanged the remaining 10,000 yuan for Yuyuan Shopping Mall. The issue price was 80 yuan, and Xu Heye bought 100 shares for 100 yuan. She didn't plan to borrow money to leverage, nor would she use the factory's working capital to buy stocks.
Xu Heye is very clear that the factory is her foundation.
Indeed, many things that happened in her past life also happened in this one, but there were also many changes. At the very least, she was one of those variables. A single butterfly could cause a massive hurricane in the Amazon, so how could she guarantee that the prices of these two stocks would soar as they had in her past life?
Because the goal was clear, Xu Heye quickly filled out the buy and sell orders.
She gave the money and the purchase and sale order to the staff and waited anxiously for a while. After about ten minutes, the staff brought back a delivery note.
Seeing the notice that Feile Audio had 200 shares and Yuyuan Shopping Mall had 100 shares, Xu Heye finally felt relieved. She squeezed out of the stock exchange, her schoolbag on her back, clutching the delivery note and her passbook.
Although these two stocks performed well, they would not have their highlight moment until April 1992.
She didn't have enough energy to pay attention to stocks, so Xu Heye didn't plan to care about the early ups and downs. She would wait until two years later, when the stock price rose, and then sell it directly.
Looking at the watch, it was not yet nine o'clock. If she went to school now, she could still make it to the third class. Xu Heye picked up her schoolbag and hurried to the bus stop.
After taking a few steps, she realized that someone seemed to be following her.
Xu Heye frowned. Could it be that someone was targeting her?
Nowadays, there are no real-name accounts for stocks. All transactions are done in cash based on transaction orders. It will be very troublesome if the transaction order is lost.
Xu Heye quickened her pace and ran towards the bus stop not far away. There were many people waiting for the bus there. Even if the man had any ideas, he would not dare to rob in public. Then she heard someone calling her name behind her.
"He Ye, Xu He Ye?" The voice seemed a little familiar.
Xu Heye turned around and found that the person who came was Lian Yushu.
"Lian Yushu, why are you here? Why aren't you in school?" Although they attended the same school, they didn't see each other often. Lian Yushu was a senior in high school, and the daily workload was immense. He'd be reading before dawn and still studying after dark.
Xu Heye was a day student, and their schedules were different, so it was basically difficult for them to meet.
"I'm here to buy stocks," Lian Yushu said, pointing to the stock exchange behind him. Since last summer, no matter how busy he was with his studies, he'd always carve out some time to read the newspaper, especially the economic papers. After reading about the Shanghai Stock Exchange's establishment on November 26th of this year, Lian Yushu knew his opportunity had arrived.
Hucheng experienced a wave of layoffs, but also saw the emergence of a wave of private entrepreneurs. Generally speaking, the liberalization of the economy has led to more wealthy people. With more money, people are more likely to seek out more opportunities to make more.
The stock market is a great opportunity.
However, there were only eight stocks listed in the first batch, but so many people bought them! When supply exceeds demand, commodity prices will rise.
Lian Yushu didn't know how much these stocks would rise, but he could make some money, more or less.
"Why would you want to buy stocks?" Xu Heye looked at Lian Yushu in surprise. She had always thought he was the kind of scholar who devoted himself solely to studying the classics.
Lian Yushu smiled when he heard this, "It was true in the past, but scholars also need to eat." Xu Heye is so outstanding. If he doesn't work harder, he will feel ashamed when standing in front of her in the future. How can he pursue her?
"I've been reading the economic reports these days, and I think the stock market is a good opportunity."
"This is indeed a good opportunity," Xu Heye did not deny. "However, the stock market is a double-edged sword. You can make money, but you can also lose money."
"I understand," Lian Yushu said. "I'd like to apply for an economics major someday, and I've been reading some books about stock trading lately. Besides wanting to make money, I also want to gain some experience."
The book summarizes the experience of predecessors, but it is not his own. If one wants to internalize it into his own, the fastest way is to try it out personally.
Xu Heye nodded: "That's good."
"Keep going." It turned out that real top students were different from ordinary students like her who relied on hard work to maintain good grades.
At only seventeen or eighteen, they had already figured out their future direction and were able to study hard, prepare for the future, and maintain excellent grades at the same time. Meanwhile, she could only rely on memory to cheat.
Lian Yushu continued, "I have limited funds on hand, only two thousand yuan."
Of the two thousand yuan, only eight hundred was his own. It was the New Year's money his parents and relatives had given him over the years, the scholarships he received from school, and the occasional royalties from his accepted articles for newspapers. The remaining twelve thousand was borrowed from him and Lian's father.
"So I bought 100 shares of Yanzhong Industrial and 100 shares of Zhejiang Phoenix." The issue price of these two stocks was ten yuan.
Two thousand yuan is just enough to buy one hundred shares each.
"I intend to use these two thousand yuan to buy low and sell high to accumulate initial capital."
Xu Heye was a little surprised that Lian Yushu had grasped the essence of stock trading so quickly.
It’s quite strange to say, why is it that when buying and selling things, everyone knows to buy low and sell high, but when it comes to stocks, they will chase the rise and sell the fall, thinking that this most basic economic law of buying low and selling high is against human nature?
Perhaps it’s because the rise and fall of stocks are too intuitive and stimulating?
Continue read on readnovelmtl.com
