Chapter 383 Great minds think alike
Although she had the money, Lin Siqiao did not invest blindly. She remembered her father once said that only when your net worth reaches several small goals, you are qualified to diversify your investments.
What small retail investors can do is to concentrate their firepower and focus on one stock to have a chance of making big money.
Lin Siqiao's current assets are only 40,000 pounds, leaving her with little opportunity to trial and error.
Therefore, Lin Siqiao’s main purpose of coming here today is to find a trader and learn more about the country’s stock market situation in detail.
Unexpectedly, as soon as she asked two questions, four or five traders surrounded her.
Several people pointed at the price display system on the wall and took turns recommending stocks to her.
In their words, these stocks are worth buying and they can make hundreds of pounds by reselling them.
Lin Siqiao's mouth twitched. It was true that these stocks were currently in the green.
But judging from the buying and selling data, it is obvious that some people are selling in small quantities and multiple times.
If she really listened to these people, wouldn't she be a complete sucker?
Just as she was about to speak, a middle-aged man about 50 years old came over.
"Girl, don't listen to their nonsense. The stocks they recommended to you are already going downhill."
"If you buy now, the stock price will drop by 20 percent in less than two hours."
"I see. Thank you, uncle."
As Lin Siqiao spoke, he looked at the uncle.
The other person was dressed very low-key, but just by looking at the pair of walnuts in his hands, you could tell that he was wealthy.
The traders looked closely and said, "Mr. Shi...Mr. Shi..."
At this time, a man who looked like a manager came over.
First, he scolded those ignorant traders and sent them away. Then he bowed and nodded and apologized several times. Mr. Shi was an important guest of their exchange.
The exchange took hundreds of thousands of pounds in commission from him every year.
No matter what, they couldn't offend this person.
Mr. Shi said calmly, "The market is not good right now, so it's normal for people below to want to improve their performance, but no matter what, you can't cheat people in broad daylight."
"If even traders have no bottom line, who among us would dare to entrust our stocks to them in the future?"
The manager secretly scolded those people several times in his heart before saying, "Yes, yes, Mr. Shi, you are right. We will definitely strengthen management and such things will never happen again."
"I'm so sorry."
As he spoke, he waved to the people inside to prepare coffee and snacks, and made a gesture for you to come in.
"Mr. Shi, the lounge on the third floor is ready. Please go upstairs and sit down and talk slowly."
The manager arrived later and he didn't know that Lin Siqiao and Mr. Shi did not come together.
Lin Siqiao waved his hand and was about to say no.
Mr. Shi turned around and said, "Let's go, little girl. It's better for you to ask me, an old man, than to ask them."
Since the old man had spoken, Lin Siqiao didn't refuse. After thanking him, the two went to the lounge on the third floor.
The room is a small suite, about 30 square meters, with an entire wall made of transparent glass facing the trading system outside.
There is a tea room outside and a small office further inside.
"Mr. Shi, you're here." A Chinese-looking trader stood up and greeted him, then stepped out the door.
Mr. Shi nodded and pointed to an empty seat beside him. "Little girl, you can sit down too."
Lin Siqiao sat down, but his eyes were attracted by the thing in front of him that looked like a mini computer.
"This is the latest model of stock quoter. What you saw on the big screen outside just now was the price within five minutes. This one can be accurate to within one minute."
Seeing how curious she was, Mr. Shi asked another question.
"Little girl, you're doing well in the embassy, why do you suddenly want to invest in stocks?"
It's not that he wants to attack Lin Siqiao.
Judging from the questions she asked just now, it was obvious that she didn't understand anything.
If a newbie like her entered the stock market, the little money she had saved would be swallowed up in less than a week.
Lin Siqiao was surprised. "You... know me?"
Mr. Shi smiled and handed over the brewed black tea. It was not as if he knew him.
It's just that the Chinese in London are quite concerned about the family murder case, and he has also read several reports in the Overseas Chinese Daily.
On the day of the public trial of the family murder case, he happened to have some free time, so he went to the court to listen.
Shi Lao said, "What you said in court left a deep impression on me."
So much so that he recognized Lin Siqiao at a glance in the trading hall just now, which is why he spoke.
But when it comes to stock trading, Mr. Shi still disagrees.
"Little girl, the stock market is not doing well right now, and it's not easy for you to save some money. Listen to my advice, and don't touch the stock market if you can."
Lin Siqiao was silent for a moment. She knew that Mr. Shi meant well, but she also had her own reasons for doing it.
"Mr. Shi, I'm not doing this entirely for the money. I just want to try it."
Mr. Shi laughed and said, if it’s not for making money, then why come to the stock market?
But before he could open his mouth, Lin Siqiao had already taken out the analysis notes he had prepared in advance.
She also knew that the questions she had just asked came across as unprofessional.
But there is nothing that can be done about it, after all, the stock rules of later generations are different from those of the country.
Lin Siqiao just asked the trader and found out that all foreign stocks are subject to a trading system.
In other words, stocks bought on the same day can be sold on the same day.
In addition, there is no 10% limit on the rise or fall. These two points are completely different from stocks in later generations.
Not to mention, the account opening, transactions and quotations at this time all need to be operated by traders.
Lin Siqiao wanted to understand the rules of the game here first, but she didn't expect that because of those unprofessional questions, others subconsciously classified her into the newbie camp.
After handing the notes to Mr. Shi, Lin Siqiao also made his own analysis of the stock.
Upon hearing this, the person who was surprised turned into Mr. Shi. He then realized that even if he had not spoken just now, Lin Siqiao would not be fooled so easily.
Because she never thought highly of that stock from the beginning to the end.
After looking through Lin Siqiao's notes again, Mr. Shi was so shocked that he was speechless.
Nowadays, the global oil crisis continues. Anyone who knows a little about stocks will focus on the major sectors such as aviation, coal, ocean shipping, downstream chemicals, and automobiles.
But the stocks selected by Lin Siqiao have nothing to do with these.
It was not until he saw the company Morgan Energy that a hint of excitement appeared in Mr. Shi's eyes.
You should know that Morgan Energy has been in a loss-making state in recent years, and has frequently appeared in newspapers recently because of wage arrears issues.
The share price also plummeted from more than 50 pounds to less than 3 pounds.
Mr. Shi was very curious. Why did Lin Siqiao only have high hopes for a company that was on the verge of bankruptcy?
Lin Siqiao did not hide it. She knew that when it came to experience, Mr. Shi had much more than her.
It would be a blessing for her if she was lucky enough to get some guidance from him.
Lin Siqiao said, "I saw a report about this company in the newspaper before, so I paid special attention to it."
"I found that the reason why this company is losing money is not because of problems with their products or poor sales, but because they have put all their funds and focus on developing new batteries in recent years."
The concept of new energy was proposed as early as the early 1970s, so Lin Siqiao had nothing to hide.
She said bluntly, "I suspect that the direction of their research and development should be new energy batteries."
After all, ordinary research and development does not cost so much money.
Mr. Shi was silent for a moment. He said that he had already made this speculation at the beginning of the year.
"Even if they are researching new energy, how can you be sure that they will succeed?"
In this regard, Lin Siqiao also gave his own opinion.
Not only was she certain that the other party would succeed in the research and development, but also that it wouldn't take too long, only one to two months at the latest.
There is a reason why Lin Siqiao is so confident.
Because not long after the news of wage arrears broke out, the company's leaders immediately issued a statement.
In his statement, he admitted that the wage arrears were a fact. While apologizing to the employees, he also promised that the wage issue would be properly handled.
The specific time was not specified, but the end of the statement caught Lin Siqiao's attention.
The person in charge made it clear that they would set aside an additional portion of funds as year-end bonuses to reward employees for their efforts and trust.
Mr. Shi asked, "Do you believe what he said?"
"Yes!" Lin Siqiao nodded without hesitation.
This company has been in arrears of wages for such a long time, but none of the employees have resigned.
They even spoke up for their boss in front of reporters.
This at least shows to a certain extent that there is nothing wrong with the boss's character.
The employees trust their boss unconditionally even without any salary, so what reason does Lin Siqiao have to doubt his empty promises?
Hearing this, Mr. Shi smiled. As the saying goes, great minds think alike. This is exactly what it means.
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