legendary trader

Chapter 770 Chapter 771 Two bad news
Chen Fan was aware of last year's rise in oil prices, but at that time Chen Fan focused his energy on boosting Qualcomm and didn't care about the rise and fall of international oil prices. His energy was really limited.

For more than four months, the international oil price started from around 13 yuan, rose by about 2 yuan a month, until the oil price broke through 20 yuan at the end of the year, but now it has started to fall again.

For now, Chen Fan doesn't want to make big moves in the international financial market in the short term. He wants to rest for a while, because Maojian Liquor will be listed in the second half of the year. In fact, the new management team of Maojian Liquor led by Zhang Jianjun is The company's management structure has undergone major adjustments, and it is preparing materials to apply for listing on the Shanghai Stock Exchange.

And in the next year, Zhu Laoqi will start to initiate relationships and promote Maojian Liquor on a large scale in the country. Of course, Chen Fan's job is to match Zhu Laoqi's publicity offensive, and start the operation of Maojian Liquor when the plan is launched.

But this plan is still brewing in his mind, and today, at Shuitai, with the extension of the exchange of words, the analysis of the rice stock market has disappeared. The big guys began to exchange current investment projects, which industries make money, Who has a project and lacks funds to seek cooperation.
On Sunday, Chen Fan rested at home and accompanied Liu Ying to help with some company affairs, which were all backlogged, because Chen Ma and Liu Ma now strictly controlled Liu Ying's working hours.

When it was almost lunch time, Zhang Quan suddenly called. Chen Fan frowned, talked to his family, and took the phone to the small garden.

"Hi, I'm Chen Fan."

Chen Fan said into the phone.

"Mr. Chen, just now CBS TV station in the United States broadcast an interview video of the Federal Reserve Chairman Greens. In the interview, Greens expressed his concern about the recent economic development in the United States, worrying that the economic development is a bit overheated."

As soon as Chen Fan finished speaking, Zhang Quan said impatiently on the other end of the phone.

"The economy is overheating? Is there one in the United States?"

Chen Fan was a little surprised. The economic data of the United States in recent years has been relatively good, but they are all driven by the new economy. The performance of traditional industries, especially the manufacturing industry, is actually not outstanding. It can only be said to be very average.

In Chen Fan's view, the new economy is a bit like building a building on the beach.

In fact, he is not interested in the Internet economy. He feels that it is a false prosperity that consumes a lot of money, but the output, well, can only be seen on the Internet, and there is nothing without the Internet.

Although he also invested in an Internet company, it was originally out of interest, and then continued this investment out of anger and playfulness. He planned to find an opportunity to sell it at a high price. After all, it is still very hot at home and abroad, but there is no Long-term investment in this virtual industry means.

Yes, in Chen Fan's eyes, the Internet economy is a virtual reality because it cannot be realized in reality. Of course, this does not include hardware manufacturers.

"According to the data, economic growth has indeed accelerated in the past year, but it is mainly caused by a large amount of capital entering the Internet industry. Now a large part of the annual new output value of the United States comes from such Internet companies. , according to our analysis, it should be believed that a large amount of funds entering Internet companies is not conducive to the healthy development of the US economy."

Zhang Quan said hurriedly.

"Because Internet companies burn money?"

Chen Fan asked back.

"Probably so. In the interview, Riglins mentioned that a large number of so-called high-tech companies were born in the United States last year, but a large number of high-tech companies went bankrupt, and these bankrupt companies had received a lot of capital investment before, that is, they were burned out. Bringing a little value to society is nothing."

Zhang Quan said, "He said he was not opposed to engaging in high-tech research, but that was scientific research, not burning money. Even if the investment in research and development failed, there would always be a little experience left, but these high-tech companies have nothing, only shareholders empty-handed and A pile of debt."

After listening to Zhang Quan's words, Chen Fan fell silent.

Later, Zhang Quan continued: "I checked, and there were indeed dozens of websites that went bankrupt in the United States last year. Chen Fan also knew the reason. Now the profit item of the website is advertising, and there is nothing else. Another point is that the United States Housing prices have risen sharply in the past two years."

Zhang Quan knew that Chen Fan invested in Chaofan Network Company, so he said this.

"He wants to raise interest rates?"

Without warning, Chen Fan suddenly said into the microphone.

In fact, this is not surprising. The common method used by countries to deal with economic overheating is to raise interest rates and control the amount of funds entering the market.

"It means that."

Zhang Quan replied, and then fell silent.

"Is it the same as last year?"

Chen Fan is not worried about the possible impact of interest rate hikes on the market. When news of interest rate hikes and rate cuts will not spread in the market, the key lies in the attitude of the Fed.

The impact of one interest rate hike on the market is actually limited. The terrible thing is that the competent authorities believe that the financial policy did not meet expectations, so they launched the second and third times.
In the past few years, the United States has continuously cut interest rates in order to stimulate economic development, and this financial policy has continued until last year.

In the first half of last year, the US Federal Reserve raised interest rates once by 25 basis points. Although the news that the US Federal Reserve would raise interest rates was circulated many times in the market, it was eventually proved to be false information.

However, the interview video that should have been broadcast by CBS just before will undoubtedly make the market expect to raise interest rates again. After all, it is an interview with the chairman of the Federal Reserve Bank.

Although whether to raise interest rates is not decided by Greens alone, his attitude will undoubtedly have a certain impact on the participants in the interest rate meeting. Moreover, it seems that this time Lao Ge is publicly expressing his dislike for the Internet industry. The Fed is about to start cracking down on this industry.

"There is also a rumor that Misoft's monopoly lawsuit may usher in the final verdict next month. The current rumor is that Judge Jackson supports Misoft's actions to constitute a monopoly."

While Chen Fan was still thinking about the impact of Lao Ge's remarks on the market, Zhang Quan threw another bomb, MiRuan, the world's largest software company, MiRuan, might be convicted of monopoly in a US court.

"It's not the first time Miruan has been sentenced to monopoly. Isn't the judgment overturned later? There's nothing to worry about."

Chen Fan's thinking was also misled by Zhang Quan, and he immediately asked.

In fact, Chen Fan still has a general understanding of how MiRuan is involved in lawsuits. Years ago, the American Internet company filed a lawsuit against the Ministry of Justice for monopoly behavior, and started a lawsuit in court over whether it monopolized sales.

Of course, the first monopoly case finally reached a settlement agreement with the US Department of Justice under the mediation of the Peanutton District Court.

However, capital always wants profits. How to maximize profits is of course a monopoly.

So in fact, MiRuan only implemented the reconciliation project in the operating system version at that time, but with the launch of WIN95, the new service software was bundled into the operating system again. protocol.

You can guess the result afterwards. The Ministry of Justice of the United States believed that this was Miruan’s provocation to them. After repeated unsuccessful negotiations, it finally brought out the anti-monopoly stick again and formally sued Miruan for its monopolistic behavior.

This lawsuit was successful at the beginning. The court ruled that Miruan constituted a monopoly, but with Miruan’s appeal, although US District Judge Thomas Jackson finally rejected the US Department of Justice’s allegations, he still issued an injunction order, forcing Microsoft to Temporarily discontinued bundling.

However, the case did not end there. In the following year, the U.S. Department of Justice and the attorneys general of 20 U.S. states jointly filed an antitrust lawsuit against Misoft.

The case has been going on for many years. According to Zhang Quan, it seems that the verdict will be pronounced next month.

"The market is very delicate now. If the court decides that Miruan is guilty at this time, the impact on the market, especially Miruan, will only have one chance to appeal. Once the appeal fails, it will face the possibility of being split."

Zhang Quan said.

"You mean, Mi Ruan may be doomed?"

Chen Fan asked in surprise.

"Yes, that's what's going on in the gossip, and Europa seems to be considering whether to sue Miruan for its monopolistic behavior. You know, Miruan's position in the Nasdaq market."

Zhang Quan said.

"You mean, if Miruan betrays the monopoly next month, the possible split will have a huge impact on market sentiment. I agree with this, and the Continental Union may also sue Miruan for monopoly and impose punishment? There should be more later countries to take action."

By this time, Chen Fan had already understood that this verdict was like a domino, and the chain reaction triggered in the end might completely crush Miruan, a model launched by the Nasdaq market.

After thinking for a while, Chen Fan still smiled, "It's not a big problem, we don't have Miruan shares in our hands, next month, maybe by then we won't have any shares."

If before, Chen Fan was still worried that the rice stocks would make waves after one or two months of adjustment, then now, after receiving the news from Zhang Quan, he is even more sure that the market of rice stocks should be over.

At least for a few years, it is impossible to launch a similar big market.

Now Chen Fan has completely let go of the possibility of his early exit from the rice stock market due to the time relationship of the ability to the future trend, causing losses. The Fed may restart the option of raising interest rates to deal with overheating economic growth. The star company Mi Soft is facing the possibility of being split. Under such circumstances, it would be hell if the market can still rise.

Zhang Quan's phone call was very timely, which made Chen Fan feel relieved.

After dinner on Monday, Chen Fan went out to the resort as usual.

During the call auction stage for rice stocks, Chen Fan did not stop He Li from causing Qualcomm's stock price to open higher. When he entered the trading room, he had already talked with Zhang Quan again to understand the feedback of the two news in the financial market.

The news of Greens is public, but the follow-up reporter interviewed the opinions of two participants in the interest rate meeting. They did not support Greens' views, so the news has largely been offset.

As for the Miruan lawsuit, the rumors were spread only in a small area and were not made public. You must know that some things cannot be announced in advance, especially in the United States, a country with relatively complete laws.

All the news that circulated before the court's judgment may challenge the judgment.

This is also the reason why Chen Fan didn't pay much attention to the news, because even if the judge really thought it was guilty, it was impossible to disclose it before the sentencing, because the impact was very bad, not on Mi Ruan, but on himself.

In Chen Fan's view, this news is more likely to be a smoke bomb released by Miruan's competitors, hoping to influence the judges, but because it is too sensitive, so...
With the end of the call auction, Qualcomm's opening price was 73.84 yuan, an increase of 0.84 yuan; the opening price of Oracle Software was 44.53 yuan, an increase of 1.03 yuan.

However, Chen Fan paid attention to the trend of Miruan today. The closing price of Miruan last weekend was 55.84 yuan, and today’s opening price was 53.88 yuan, which was directly lower by nearly 2 yuan.

Undoubtedly, rumors still have an impact on the stock price of Misoft, and maybe this stock will open lower and move lower today.

As the biggest bad news in the market, Greens' remarks have been diluted a lot by interviews with other members of the Federal Reserve Bank, so at least there is no impact on the opening point of the Nasdaq today. The opening point of the Nasdaq opened at 4994.42. It is high open.

As the market opened, the Nasdaq also quickly regained 5 points, but Chen Fan still noticed that the funds entering the market after the market opened were not enthusiastic, and he seemed to be a little scrupulous.

"Today, Qualcomm is still following the trend of last Friday, drawing a long upper shadow and gradually raising prices."

Chen Fan said to He Li.

Although the long upper shadow line can easily give investors the impression that they are blocked from rushing higher, but if they go out of the second such positive line in a row, it is easy for investors to have an aggressive judgment of rising. The unwinding here will undoubtedly reduce the pressure to continue to rise in the later stage.

As for the oracle bone inscription software, of course Chen Fan would not change anything.

"Speed ​​up shipments."

This is what Chen Fan told Zheng Xiaopang.

After the market opened, Chen Fan's attention was of course focused on the trend of Miruan. Of course, he would not choose to enter the market at this time. He just wanted to see how much the market rumor had affected the stock price.

After all, Chen Fan doesn't believe that the US government really wants it to fall for a behemoth like Mi Ruan.

Sure enough, although Miruan opened sharply lower today, it did not continue to fall after the stock market opened, but began to rebound.

Chen Fan can also understand this trend. There are some bad rumors, but the spread is not wide, and more investors don't know at all. There are still a lot of funds to rob Miruan stocks on the market.

However, Miruan's stock price rebounded for a few cents before being suppressed again, and the selling pressure above 54 yuan was heavy.

Seeing such a situation, Chen Fan knew that this stock could not turn the sky today.

In fact, Chen Fan didn't have good intentions. He really wanted to care about the rise and fall of Miruan's stock price. He wanted to use this stock to see the reality of the market capital.

If the market funds are really abundant, even if there is bad news to be honest, the funds can offset the bad news in many cases.

As the trading time continued, Miruan's buying orders were gradually consumed, and the rest of the off-market funds saw that the stock price could not rebound, and began to speculate whether there was any bad news, especially in this time period. When Migumi released its annual report.

(End of this chapter)