legendary trader

Chapter 277 Chapter 276
Seeing that the stock price of Netscape had soared to 24.9 million yuan, Xu Jing was only slightly surprised and quickly recovered.

The skyrocketing stock price of Netscape is just for her to make more money, and she is still thinking about the valuation system that Chen Fan said earlier.

"Xiaofan, according to your opinion, if the valuation method of technology companies is revised, how will it be changed? How to evaluate the valuation of these high-tech companies?" Xu Jing stared at Chen Fan without blinking, waiting his answer.

"I don't know, I'm not familiar with these companies." Chen Fan still shook his head, he knew shit.

The performance of these high-tech companies is basically difficult to predict. After all, most of them are in the stage of market development, that is, the founders of those high-tech companies who are not good enough. There is no market.

"Technology companies are actually on the road, and no one knows what the market for their products looks like." Chen Fan continued after thinking about it, "These markets are immature, so it is impossible to predict based on past market analysis. .”

"Actually, instead of predicting their market, it's better to just smack their heads and give as much as you want." Chen Fan suddenly laughed when he said this.

"The most important thing is that Netscape set a precedent." After a short pause, Chen Fan continued, "The valuation of a loss-making high-tech company can also be very high. I guess many traditional analysts are going to change their glasses, so I plan to Invest in the eyewear industry, hehe.”

Xu Jing heard Chen Fan's nonsense and just gave him a blank look, then frowned and thought.

"It's broken at 25 yuan, where is this stock going to go today?" Zheng Xiaopang on the side listened to them. Although he heard the conversation, he didn't take it to heart. The practice that has been developed in the past year is to follow Chen Fan. Occasionally, if you don’t understand or have objections, just bring it up and watch how Chen Fan brags, just take it for fun.

"See which price scares the funds, and the stock price will not rise." Chen Fan said casually after hearing Zheng Xiaopang's words.

"Today is amazing, from 19 yuan to 25 yuan, looking at the posture, the purchase order is a bit small, it seems." Zheng Xiaofat was chatting while watching the stock price trend of Netscape, and found that the stock price of Netscape had broken through while talking. After 25 yuan, the follow-up buy orders obviously began to decrease.

Chen Fan has also noticed this, but he didn't react immediately. Instead, he observed for a while and confirmed that the willingness to enter the market with funds above 25 yuan was indeed not strong, so he stopped the traders' buying actions and chose Wait and see to see if the stock price will be smashed down by 25 yuan.

"Let other people buy some, we can't take away all the chips, we eat meat, but also give people soup." Chen Fan said shamelessly after issuing the order to suspend buying.

With the disappearance of the big buying order for Netscape stock, the follow-up market also rapidly decreased. The rising stock price reached as high as 25.3 yuan, then lost its upward momentum and began to turn downward.

At the beginning, Netscape’s stock price fell very slowly, and there were not many active selling orders. Obviously, many stockholders were still in a state of excitement. Seeing the rapid rise of the stock price, their confidence in holding shares was greatly stabilized.

But as time goes by, seeing Netscape’s stock price fluctuate and fall, and the buy orders below are getting smaller and smaller, many investors’ optimism quickly cools down. .

Of course, today is different from the past. They all know that the rise in Netscape's stock price is because MOL is negotiating an acquisition deal with Netscape, which is different from previous stock price rises and falls.

But when the stock price stopped rising, and even started to fluctuate and fall, the joyful mood disappeared instantly, and began to worry about gains and losses.

Some reacted quickly and hurriedly joined the selling army, and more investors chose to continue to wait and see. After all, for a stock that has fallen sharply like Netscape, the current increase is really like a drizzle.

After the stock price of Netscape fluctuated and fell below 25 yuan, not only did the rate of decline not slow down due to the increase in buying orders below, but unexpectedly, after a slight increase in buying orders, it inspired more selling orders, and the rate of stock price decline did not change much. , is still going down.

What Chen Fan will pay attention to this time is the buying orders they put out. It seems that more stocks will be traded than when they were pulled up, and even tens of thousands of shares of tens of thousands of big sell orders will come out and be smashed.

Although he didn't take the initiative to buy again, there were quite a lot of unexecuted buy orders that were placed during the early stage of raising prices. According to Chen Fan's intention, these buy orders were not withdrawn. At this time, the above buy orders began to be filled one after another.

"Wait until the market naturally stops falling before entering the market to buy goods?" Zheng Xiaopang began to ask Chen Fan again. He felt that at this time, it should be the small order that entered the market from time to time to scan some stocks. Previously, he bid for 25 yuan. Chen Fan Fan didn't stop it either. Obviously, Chen Fan's psychological price was much higher than the current stock price.

"We still have a lot of unfinished buy orders along the way. Let's wait and see where the market can bear the price." Chen Fan nodded, expressing that he was willing to wait for the market to stop falling naturally.

"Why do I feel that the ones that appear are all American leeks?" Zheng Xiaopang said, looking at the small active selling orders, "It seems that none of the big institutional players appeared."

"If they make a move at this time, I guess they will be fired immediately." Chen Fan said casually, "If I have a large amount of Netscape in my hands, I have to wait until the news of the acquisition transaction is clear at this time before thinking about it." It's a matter of making a move."

"However, there should not be many institutions and large investors in the stock of Netscape. Before and after the early plunge, these people have more or less received the news in advance and have already made a move." Xu Jing also interjected and reminded, "So , now Netscape should be mostly retail investors who are greedy for cheap, and there should not be many gamblers who have rebounded from gambling."

"No big family?" Chen Fan murmured.

Perhaps Xu Jing reminded Chen Fan, and Chen Fan whispered to Xu Jing: "It makes sense, then should we consider a sharp rise and fall, and a strong shock may attract more bargaining chips."

Xu Jing just widened her eyes and thought about it, then turned her head and shouted to the trader over there: "Xiao Fang, can Netscape use violent shocks to attract more selling orders?"

"This may be more difficult." The trader surnamed Fang who was watching the market turned around and said to Xu Jing, "Mr. Xu, the current stock price of Netscape is supported by the acquisition transaction. As long as the negotiation results are not announced, most investors will choose to wait and see." At this time, the sharp rise and fall of operating stock prices should not have a big blow to the confidence of shareholders."

After hearing what the trader surnamed Fang said, Xu Jing turned her head and spread her hands at Chen Fan, "You want to shake the warehouse, it's useless."

(End of this chapter)