God-level Trader of Rebirth

Chapter 275 Short-Term Speculators

"Hello, I'm looking for your boss, Mr. John."

In the Rockefeller Center Building, Chen Weidong stood at the front desk, raised his hand and pointed upwards, signaling to find the top speaker.

Before coming, he probably estimated that John Rockefeller Jr. should be here, and it was rumored that he didn't like to walk around.

"Excuse me, sir, do you have an appointment?" A blond female staff member in a black professional suit with a slight smile asked politely.

"No, I'm making an appointment now."

Chen Weidong and the others had just arrived in the United States for a few days, and they were unfamiliar with the place. How could they contact Rockefeller? Naturally, there was no appointment.

"If you don't have an appointment, please fill out the form here. If Mr. John has time, we will inform you again."

"Thank you, there is no need to fill out the form. I will stay in New York for the next few days. Can you convey a word for me?"

"Of course you can, please."

"Beautiful lady, please convey it to me. Just say that there is a short-term speculator from China who wants to visit him." Chen Weidong showed a faint smile and explained his request to the female staff.

"Okay, but I can't guarantee whether Mr. John will see you." The female staff member nodded very seriously and recorded the incident in her notebook.

The western woman in charge of the front desk was still very polite. After she finished recording, she said softly: "If you stay in New York for this period of time, maybe you can go to the trading floor next door to have a look."

"Thank you."

Chen Weidong smiled at her, and then hung out with Li Yun and others on the first floor of the Rockefeller Building.

As the headquarters of the Rockefeller Foundation, the decoration here is very luxurious and the space is very spacious.

Going deeper, we can already see that some scattered investors are analyzing and operating various financial products.

It looks like a stock exchange.

In fact, the Rockefeller consortium covers a wide range of industries and is also engaged in the work of securities companies, which can help some companies to go public and raise funds.

The financial industry in the United States is highly developed, and financial-related things can be seen everywhere. Large-scale display screens are installed on the surrounding walls, and the stocks listed on the Dow Jones and Nasdaq are displayed on them.

Chen Weidong looked up and saw the stocks of Netease, Sina, and other Huaxia Internet companies.

These companies have been listed for about a year, and they are relatively new companies.

The reason why it is not listed on A-shares is because the threshold for listing on A-shares will be relatively strict, and it will take at least 1-3 years, and you have to queue up to pass various audits.

But in Nasdaq, it only takes 6-9 months to complete the listing.

In addition, the capital capacity of the American stock market is several times that of Huaxia and Xiangjiang, which can not only increase the company's popularity, but also obtain more financing.

In the early 90s of the last century, China's capital market had just started, while the United States, far across the ocean, had been playing for more than a hundred years.

Many people don't think that when they go to the United States, attracting money from global investors starts from state-owned enterprises.

For example, Brilliance Automobile is the first Chinese company to go public in the United States.

Later, Tsingtao Brewery, Donghai Petrochemical, and other state-owned enterprises began to go overseas one after another.

At that time, the China Securities Regulatory Commission had just been established, and taking advantage of the acceleration of state-owned enterprise restructuring and listing, it approved a number of large companies to list overseas.

Since then, large state-owned enterprises in various infrastructure and public utilities fields have also begun to list in the United States, gaining the attention of American and even global capital.

Among them is the well-known PetroChina.

But it is Huaxia's Internet companies that really started the name of "China concept stock".

Around 2000, China's Internet companies were ready to go.

But everyone on the Internet knows that this industry is characterized by the fact that there is always traffic, and it is difficult to make a profit in the early stage, and even requires a lot of capital investment.

Funding is particularly important for Internet companies.

Financing is like two armies seizing the top of a mountain. Whoever climbs up first can set up a machine gun and sweep the other side.

But when Sina Company found a bank and wanted to borrow money, the bank came up and asked: Is there anything that can be mortgaged?
Obviously not.

As a news portal, banks don't value your user numbers/traffic, they prefer items with physical value, mortgages.

What to do?Looking for VCs?

At this time in Huaxia, there are not many institutions engaged in venture capital investment, and their courage is far less than that of foreign capital institutions.

go public?
They simply do not meet the listing requirements of A shares.

Because in order to be listed on the A-share market, the company must be profitable for three consecutive years.

At this time, in 1999, the New York Stock Exchange lowered the listing threshold, allowing unprofitable companies to go public.

This has led to many Chinese Internet companies choosing to go public in the United States.

In April 2000, Sina successfully listed on Nasdaq in the United States. At that time, Nasdaq was in a huge shock. The stock prices of Internet companies such as Intel and Microsoft fell again and again, and their market value was almost cut in half.

However, this stock from Huaxia has been soaring all the way, once rising to $50 a share!
The door for Huaxia Internet companies to go out was opened at once.

Soon, Netease and Sohu were also listed in the United States one after another, and the three major Chinese portals gathered in the American capital market.

The large-screen advertisement in Times Square in New York has been continuously occupied by Chinese companies, and even the price of advertisements has doubled.

However, for some reason at this time, these Chinese concept stocks are constantly falling, and the trading volume has a tendency to continue to increase.

Anyone with trading experience knows that this is a sign that intraday funds are fleeing.

"Shit!"

One of the investors who held NetEase shares, facing the imminent crash, wanted to flee immediately.

And at this moment, Chen Weidong and his group happened to walk over.

Just looking at the trend of the K-line chart, Chen Weidong said: "Hey, I think you can take advantage of the current sharp drop and buy some more chips."

Since his rebirth, apart from some original memories in Chen Weidong's mind, he has also become more sensitive to trend operations.

Usually when the brain is not functioning, he doesn't feel anything, but as long as he sees the K-line chart, he can quickly make an accurate judgment.

It's 2001, September.

The Internet bubble crisis has gradually passed away, and the Nasdaq index has almost fallen.

There are many stocks, such as the stocks of Internet companies such as Microsoft and IBM, which have begun to fluctuate and bottom out. Logically speaking, there is not much room for decline.

But today, NetEase's stock plunged uncharacteristically and plummeted.

Many investors who bought the shares of Netease were overwhelmed by fright, thinking that something was wrong with the company's business or finances, and they all chose to cut their flesh and leave the market.

"Hey, who are you?"

The young man with coffee-colored hair originally bought the shares of Huaxia Company and suffered heavy losses, so he was already full of anger.

Turning around now, he saw several yellow-skinned people standing behind him, and his expressions suddenly became a little fierce.

(End of this chapter)