Chapter 12 This Stock Boomed
Yao Jiu took the opportunity to pass over two cigarettes. Song Dongpeng took one, lit it, took a puff, and secretly praised: "He really has a way."
Li Feng waved his hand apologetically and said, "I just got out of the hospital, and the doctor told me not to smoke."
"It's okay to drink." Yao Jiu picked up the bottle and wanted to pour wine for Li Feng.
"I'll do it, I'll do it."
Li Feng took the bottle of wine, looked around, filled Song Dongpeng's glass first, then filled the glasses for the other three people, and finally poured himself a glass.
"I'm new here, so I'd like to offer a toast to everyone."
After saying that, Li Feng drank it all in one gulp.
The strong liquor was like fire, sliding down his throat and into his stomach, burning his chest. He felt his heart beating uncontrollably.
"It's an illusion, an illusion." Li Feng comforted himself.
As soon as the round was over, Yao Jiu passed it over and filled it up again, saying, "I'll toast to everyone too."
After saying that, he drank it all in one gulp.
The other two, a radio reporter and an online media editor, also raised their glasses to toast.
We haven't even eaten the food yet, but we've already had four glasses of wine.
Li Feng felt his stomach churning and he couldn't stop vomiting.
"Excuse me, I need to go to the bathroom."
Li Feng took his leave and walked to the bathroom. Before he even looked at the sink, he vomited with a "wow".
"Why are you drinking?!"
Suddenly, Zhao Xinyue appeared behind Li Feng and scolded him with a cold face.
"Hey, how can men not drink at a party?"
Li Feng wiped the corner of his mouth, turned around and said with a smile, "It's just three or five cups. Back then, I could drink a whole bottle by myself."
But before he could finish his words, he vomited again.
Zhao Xinyue looked at his pale face, came over distressedly, patted his back, and advised: "Can't you not attend this party?"
Li Feng stood up, his eyes a little vague, and said: "You must attend this party."
"Why?" Zhao Xinyue said, handing over a tissue.
"Because I can't refuse," Li Feng wiped his mouth with a tissue and said, "Wait a moment longer, and the truth will come out."
"Stop drinking!" Zhao Xinyue glared at Li Feng.
"I probably won't drink it." Li Feng replied to 701 with a smile.
"The hot dishes are here too, eat, eat, eat..."
Yao Jiu turned the table, greeting everyone and asking with concern, "Reporter Li, how are you?"
"Feeling better." Li Feng moved the wine glass aside and took a bite of peanuts.
Yao Jiu hesitated for a moment, took out his phone, pulled up a candlestick chart, handed it to him, and asked:
"Reporter Li, can you help me take a look at this stock?"
"E-Jing Optoelectronics?"
Li Feng's eyes fixed.
I saw that this stock started to fall from the high point of 28 yuan in 2011, first fell to 20 yuan, then fell to 10 yuan after consolidation, and then fell to 6 yuan after consolidating for several months, and recently fell to 4 yuan for consolidation.
The blood flowed like a river and corpses were everywhere.
The stock price has dropped by more than 80%.
"How did you choose this stock? How much did it cost?"
Li Feng asked with a frown.
"The cost was more than 7 yuan. I thought it had been cut in half twice, and it would definitely rebound or reverse. However, it started to fall again in the past two months," Yao Jiu sighed.
Li Feng remained silent.
Instead, he stretched out his finger and lightly tapped the screen of his mobile phone to pull up the company profile, equity information and performance of Yijing Optoelectronics for the past two years.
Yao Jiu was a little anxious and added:
"Reporter Li, I've calculated carefully. The main force's cost is between 10 and 15 yuan. The market maker of this stock is too ruthless. He washed the market down to 4 yuan."
Yao Jiu was speechless and drank a glass of bitter wine.
"This is a bomb!" Li Feng said seriously.
"Blow up the village?!" Yao Jiu's hands trembled with fear.
"Zha Zhuang" is a popular term for a stock market crash.
Once a stock collapses, the main players will flee at all costs, regardless of cost, without calculating profits or losses at all.
If retail investors are deeply trapped in it, they will be helpless.
"What should we do now?" Yao Jiu asked.
"My advice is to cut your losses and switch stocks."
"Limit the position?!"
Yao Jiu's face changed, and he said with heartache, "Reporter Li, I invested 50,000 yuan and lost more than 20,000 yuan. If I close my position, will the floating loss become a real loss?!"
"Besides, the stock has already fallen to 4 yuan. How much lower can it go?"
Li Feng was helpless.
Yao Jiu is obviously a new stock investor.
I don’t know who lured me into the stock market, but I chose such a big bear stock and became deeply trapped in it and unable to extricate myself.
Stocks can fall further if they fall.
Li Feng thought about it and explained seriously:
"Brother, stock trading is not like buying vegetables. If it falls, it can fall further. Four yuan can drop to three yuan, and then to two yuan. I've even seen stocks fall below one yuan and go straight to zero."
"Now that the main investors have fled this stock, all the chips have been distributed to retail investors. It's unlikely to see a good market in the next two to three years. If you still want to trade stocks, change to another one. If you don't want to trade stocks anymore, then just call it a day."
Yao Jiu calculated in his mind: If the price really drops to three yuan, it will be cut in half. If it drops to two yuan, it will be a loss of thirty thousand. If it really drops to one yuan, it will be a loss of forty thousand!
Not to mention the possibility of delisting and returning to zero.
Then he gritted his teeth and said, "Brother, I'll listen to you. I'll cut my losses and switch stocks. You decide which one to switch to."
Li Feng stretched out his fingers and tapped the table lightly.
Somehow I thought of Lin Menghan and the accusations made in the intensive care unit that day.
It is a taboo to persuade others to invest in stocks.
"Change to the Shanghai Composite Index Fund." Li Feng changed his mind.
"Buy funds?" Yao Jiu was puzzled.
In his impression, a fund means giving your money to someone else to manage. Not only does it grow slowly, but there are also handling fees. He is a little worried.
As if seeing the confusion in Yao Jiu's eyes, Li Feng patiently explained:
"Shanghai Composite Index Funds strictly track the Shanghai Composite Index. Fund managers don't have much room to maneuver, and their fees are low, making them more suitable for beginners."
"The index is now at 2051 points. If you buy it and hold on patiently, you will only lose time, not money."
"Thank you, I'll think about it." Yao Jiu pondered.
Li Feng smiled but said nothing.
This is what new stock investors do.
If you love to listen to news, are indecisive, change your decision three times a day, and get tired of old stocks easily, it would be better to buy index funds to save time and effort.
At this time, Zhang Jiaji, an online media editor next to him, came over with a glass of wine and wanted to chat.
Seeing this, Yao Jiu raised his glass and greeted him, saying, "Reporter Li has just been discharged from the hospital. I'll drink with you today."
After saying that, Yao Jiu drank it all in one gulp.
On the other side, Song Dongpeng listened patiently to Li Feng's strategy and felt more confident.
He put out his cigarette, took a few bites of food, and then said, "Reporter Li, our newspaper's financial section is in need of a commentator. Are you interested?"
"Are you on duty?" Li Feng asked with his eyes lighting up.
"No, I'll write a stock review every Friday, about 800 words, and I'll pay 300 yuan per article."
"Okay." Li Feng agreed immediately.
"This is my phone number and this is my email address. It's sent every Friday and will appear in the newspaper next Monday." Song Dongpeng handed over a business card.
Li Feng took it with both hands, put it away, and secretly thought about various possibilities in his mind.
Suddenly, Li Feng casually asked, "Was it arranged by Editor-in-Chief Jia?"
Song Dongpeng was stunned at first, then he smiled and said:
"As expected of a veteran reporter, you can't hide this from me. However, our newspaper is really in need of a stock commentator, and you'd be perfect for the role. Since you're free anyway, why not put your spare time to good use and help us write articles?"
"In that case, thank you very much, Editor Song." Li Feng took another wine glass.
Song Dongpeng looked at it, stopped it, changed the tea, and said, "Tea instead of wine, tea instead of wine."
Two hours passed by while we ate, drank and chatted.
Zhao Xinyue was pacing anxiously outside the door.
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