Chapter 7 Big Yinxian Cliff
"Xiao Feng! Where have you been? Your dad and I went to handle the discharge procedures, and we couldn't find you when we came back."
Li Feng's mother Wang Xiurong asked with concern.
As she spoke, she gently hugged Li Feng in her arms, tears unconsciously flowing from her eyes.
After three whole years, my son, you finally woke up.
"Mom, I'm fine. I just went out for a walk."
Li Feng also choked up a little.
Zhao Xinyue felt sympathetic, turned around, and her eyes were a little moist.
"Let's go home!"
Father Li Youjiang waved his hand and pushed Li Feng out.
"Go home?!" Li Feng was stunned. "Hasn't our house been sold?"
"Live in the old house."
"Old house?" Li Feng frowned. "Living with grandma?"
"Adding one more person will only mean adding one more bedding. Are you afraid that there won't be enough space for you in the three big rooms?" Li Youjiang was in a good mood.
Wang Xiurong was careful and said:
"Your father will go to work in Xinjiang in a few days. Your grandmother and I will stay in one room, and you can stay in another. It's perfect."
"Dad, I want to stay in City B."
"Stay in City B? The fees here are too high. If you want to trade stocks, you can do it at home." Li Youjiang persuaded while pushing Li Feng outside, walking farther and farther.
Zhao Xinyue looked at Li Feng's figure gradually moving away, feeling a little lost.
As if they had telepathy, Li Fengqia turned his head and smiled at her.
Suddenly, Zhao Xinyue's heart calmed down.
"Reporter Lin from the city TV station found me a job with a good salary," Li Feng thought for a moment, took out his key and said,
"No, I've already rented a house."
"real?"
Li Youjiang stopped in his tracks, inexplicably surprised.
"What kind of work? Are you tired? You've just recovered, can you handle it?"
"Don't worry, you can review remotely while you're in the office."
Li Feng comforted her, "The house is right in the backyard of the hospital. If anything happens, I can just call the hospital. Besides, I've recovered well."
After saying that, Li Feng stood up and walked back and forth quickly twice.
"Well, it's hard to find a job these days, so you have to cherish it. Where is your rented house? I'll push you over there and put this bag down for you."
Li Youjiang patted a big bag hanging on his side.
It was bulging inside and seemed very heavy.
The group of three immediately returned and ran into Zhao Xinyue.
Zhao Xinyue's eyes were smiling, revealing a charming crescent moon, which made Li Feng's heart beat fast.
"Hey, Xiaofeng, you're eating. It must be some boiled noodles."
As soon as he entered the door, Li Youjiang smelled the fragrance of food.
Then, a gurgling sound came from his stomach, and Li Youjiang said awkwardly:
"That's perfect. I'm hungry too. Xiurong, give me a bowl of noodles too."
"Let me see if there are any noodles left. Xiaofeng, do you want some more?"
"Mom, I'm full. I don't want to eat anymore."
Li Feng took the big bag from his father and put it aside. He reached in and took out one thick notebook after another and placed them on the table, forming a tall pile.
There are fifteen books in total.
On the cover of each notebook, the four big words "Stock Watching Diary" are written in black carbon pen.
Gently turn the page to reveal densely packed small characters.
"In the early morning of May 30, 2007, the stamp duty was suddenly raised, and the Shanghai Composite Index plummeted 281 points, or 6.5%. More than 900 stocks hit their limit down, and the market was in mourning..."
Open another one.
"On November 5, 2007, PetroChina went public at a price of 48 yuan, with a market capitalization of 8.9 trillion yuan, the highest in the world. The bull market was insane..."
Think more, summarize more, and review more.
This is Li Feng’s habit and experience in stock trading.
Whenever he was confused or racked his brain, he would open his diary and look for the direction to move forward.
Every time I open it, I have different insights and gains.
Very strange.
It’s still the same stock, and the same price.
But reading it at different times can give you different tastes.
"Xiaofeng, this is your cell phone. I just topped it up. Can you try and see if it still works?" Li Youjiang handed over a Nokia.
"It should be possible. This brand is very strong." Li Feng pressed the power button.
"Buzz—"
The phone is turned on.
"drop--"
A text message came: "Brother Li, this is Yao Jiu, please reply when you receive it."
"Hello, Yao Jiu." Li Feng replied with a text message.
Rely on your parents at home and rely on your friends outside.
Since I have decided to settle in City B, it is necessary to make some friends. Yao Jiu is a media person and seems to have a good temper, so he is worth making friends with.
"Eat, eat."
Wang Xiurong brought out three bowls of noodles and said, "Xiaofeng, you're just fine. You're weak, so you need to eat more."
Li Feng had no choice but to take the bowl.
After taking a few bites, Wang Xiurong winked and Li Youjiang took out a small cloth bag from his pocket, put it on the table and pushed it in front of Li Feng.
"Xiao Feng, this is two thousand yuan. The cost of living in the city is high, so you can use it first."
Li Feng was stunned, then silently pushed the money over and said, "Dad, I have money."
"No matter how rich you are, it's still your money. This is mine, take it," Li Youjiang pushed the money back. "Your mother and I can't spend so much. It's not safe to carry it with us, and there's not much interest in the bank. You just found a new job, so use it first."
Wang Xiurong picked up the purse, stuffed it into Li Feng's pocket, and said:
"If I tell you to take it, just take it. Your father's and my money will be yours sooner or later."
"This...ah——"
Li Feng sighed deeply, feeling mixed emotions.
After thinking for a while, Li Feng took out some money, divided it into three parts, handed one part to his father, and said, "Dad, this is your travel expenses to Xijiang."
He handed one to his mother and said, "Mom, this is your living expenses for this month."
"I can't spend that much."
Wang Xiurong was about to return the money, but Li Feng stopped her and said:
"Rice, flour, and oil are free? Meat, eggs, and milk are free? My grandma is in poor health, and she wants to see a doctor for free? Not only do you have to take this money, but I will also give you money every month from now on. You can't refuse it!"
Li Feng's tone was very stern.
Wang Xiurong looked at Li Feng's serious face and felt touched: Xiaofeng, you have really grown up.
The meal took an hour.
Afterwards, the three of them chatted about family matters for another two hours before reluctantly parting.
Li Feng carefully put his share of the money in his market diary, then turned on his computer, connected to WIFI, and studied the market.
I also wrote down today's market diary, thinking about it, one by one on paper:
On July 9, 2012, the Shanghai Composite Index continued its downward trend, opening lower and plummeting, breaking through 2200 points. Banks, insurance, coal, cement, and other sectors plummeted, ultimately closing at 2198 points, down 1.12%. China Merchants, Minsheng, Industrial Bank, and Shanghai Pudong Development Bank all saw declines of more than 3%. The only bright spots were tourism and winemaking.
"Summary: The market is very weak. Even the interest rate cut last week could not stop the index from falling."
Li Feng closed his diary, found another piece of paper, wrote down the words China Merchants Bank, Minsheng Bank, Industrial Bank, and Pudong Development Bank, and began to analyze the market conditions of individual stocks by comparing them with the market conditions.
China Merchants Bank is not good, Li Feng made a cross.
Because it is the favorite of funds. After opening lower last Friday, it closed with a large negative line.
There are too many trapped shares.
Pufa Bank is also in trouble, and the situation is similar to that of China Merchants Bank.
These two stocks are both heavily held by funds. They suddenly rise sharply in the bull market, but once the bear market comes, the advantage will turn into a disadvantage.
In order to cope with redemptions by fund investors, they had to passively sell and distribute them to retail investors.
Endless.
The retail investors who received the chips could not bear the losses, so they cut their losses and liquidated their positions.
The chain reaction is endless.
Although from a fundamental perspective, both stocks are of strong quality, especially China Merchants Bank, which was the first to propose endogenous growth in order to cope with Basel III.
Rely on your own business, rather than financing, to improve capital adequacy ratio and thus break the bank financing curse.
Ideals are good, but pain and slowdown are inevitable.
Although Li Feng also believes that it can be done.
But Li Feng came here to invest and make money, not to talk about ideals in the stock market, so he had to give up.
If in two years it really succeeds and proves itself, it won’t be too late to consider it again.
Which one should I choose between Xingye and Minsheng?
Li Feng looked through the K-line charts of the two stocks, studied various news, and weighed them.
“Dangdang!”
The door rang.
Li Feng opened the door and saw Zhao Xinyue coming in with a bag of fruit.
"Why are you here?" Li Feng was a little surprised.
"What? Are you not welcome?" Zhao Xinyue walked straight in.
"A beautiful lady is naturally welcome to visit. Come in, please come in."
"Hey, you are still studying stocks?" Zhao Xinyue said in surprise. She walked to the table and looked over curiously. She saw four stock codes written on a piece of white paper, two of which were crossed out.
Looking at the laptop again, a big negative line cut off the backbone of China Merchants Bank, and the stock price instantly dropped from 7 yuan to more than 6 yuan, a drop of 7 points in just a few days.
She felt lucky: Fortunately I didn't buy it. If I had bought this stock with my 20,000 yuan, I would have lost more than 1,400 yuan in a few days, which would have been half a month's salary.
Looking at the trading diary again, she felt a chill in her heart and her face turned pale: all four stocks fell by more than 3% today. No matter which one she bought with her 20,000 yuan, she would lose more than 600 yuan a day, which was enough for a month's rent.
When it comes to stock trading, you lose money too quickly.
Li Feng saw her expression and said with a smile, "Are you scared?"
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