legendary trader

Chapter 105 Adjustment (Be careful when chasing investment)

Chen Fan saw that the two of them were waiting for him to speak, and he didn't make a show of it, so he simply said what he thought.

"I am optimistic about the US stock market, and I feel that there are more opportunities than those in China." Chen Fan said.

Zheng Xiaopang continued to ask: "That's all, is there any more?"

Chen Fan felt that Zheng Xiaopang was going to break the casserole and ask the bottom line, so he said: "Actually, this is enough. The United States is the world's largest economy, and it has a natural and strong attraction to capital.

The market there is the largest, and I feel that it is more open to operate because there are too many participating institutions.I feel that the rise of technology stocks in the U.S. stock market this time may be very astonishing, and the hype is greater than we imagined, because their technology is too advanced, and the current technology direction is for the civilian market, and the consumption potential is too great.

Of course, there are many difficulties. The main reason is that many technology stocks have poor performance, especially those websites that provide online services. They have no profit model and have been losing money. This is a flaw.But as long as they can survive and find a profit model, then the influence of such websites is likely to be comparable to that of newspapers and TV stations. "

After Chen Fan finished speaking, he looked at the two quietly to see what else they had to say.

Zheng Xiaopang thought for a while, then shook his head and said: "I still don't understand that you are so bullish on technology stocks. Now the whole market is bearish on technology stocks and thinks that adjustments are needed. You not only cleared your positions in technology stocks, but even shorted index futures. Yes, you There is no good reason to keep saying that you are optimistic about technology stocks. How can you make people believe you, you must come up with a bullish reason.”

Seeing what Chen Fan seemed to want to say, Zheng Xiaopang waved his hand to stop Chen Fan from continuing, "I won't ask any more questions, just tell me the source of funds for promoting high-tech stocks, and you can guess where the funds come from. Just listen."

Seeing that Zheng Xiaopang was straightforward, Chen Fan stopped talking. He got up and picked up the analysis data from his desk, rummaged through to find the analysis data of the bond market, walked back, handed the data to Zheng Xiaopang and said, "The long-term The bond yield has risen from an annualized rate of 5.2 to an annualized rate of 6.1 in more than a year. It stands to reason that the stock market should have fallen long ago. Why did bond prices fall, while the stock market is still improving. Now the risk tolerance of funds is increasing , that is, capital is willing to take high risks to gain profits.”

Zheng Xiaopang frowned and thought about it, Zhang Yang suddenly said: "It may be that the funds have sold bonds and transferred them out of the US, and the exchange rate of the US dollar has fallen slightly."

Zheng Xiaopang also nodded and said: "Yes, it may be capital outflow. I sold the rice yuan bond and exchanged it for other foreign exchange and left."

Chen Fan shook his head and said, "What about the money? Where did it go? Which country's stock market has been the best in the past year? Or where the market has started to prosper?"

After Chen Fan finished speaking, he looked at Zhang Yang to see how Zhang Yang would answer.

Zhang Yang shook his head after thinking about it, "Europa and our side are not good, and there is no sign of the market entering this fund."

"Because these funds did not leave the United States at all, they should have quietly entered the stock market." Chen Fan said decisively, "The fall in the exchange rate of the dollar may have more to do with foreign debts. We can offset part of the debts by controlling the exchange rate."

Zheng Xiaopang said: "Well, anyway, I'm in charge of collecting money, and you can do whatever you want. Do you have any ideas in China?"

Chen Fan said: "I don't have any big ideas. I just want to collect more shares of Bodao shares in the short term. I think this ticket is good, and there are opponents competing with us. We are blind to the market. What the opponent thinks is also blind." Is it? It's not such a coincidence."

After thinking about it, he continued: "I have been looking at other domestic tickets for a long time, but I can't find any new targets, and now the transaction volume is not large, and it is inconvenient to enter and exit. I plan to focus on the United States. There is only one ticket for Bodao shares, and we can discuss any good ideas and projects you have.”

Seeing that Zheng Xiaopang and Zhang Yang didn't talk much, Chen Fan suddenly asked again: "Little Fatty, do I have anything to do with what you said?"

Zheng Xiaopang said angrily: "I haven't contacted you yet, why are you nervous? No one is threatening you."

Zhang Yang looked at Chen Fan in surprise, like a curious baby.

Chen Fan shook his head and said, "You're mistaken, I'm talking about Tutu."

Zhang Yang laughed, and Zheng Xiaopang was a little embarrassed and said: "Forgot, I will discuss with Lao Liu later to see how to do this. You don't play with Tutu, why are you so anxious to invest in Tutu now?" .”

Chen Fan said: "Now I'm playing, and I feel pretty good. Hey, by the way, why don't you set up a venture capital project department, and transfer the investment in Tutu and future investment projects to you?" .Your grand prince has more face and has a greater advantage in going out and investing. If Zhang Yang and I go out, we will probably be underestimated."

"I've figured it out, you kid is using me as a pistol for pulling me into the gang." Zheng Xiaopang said unhappily.

Chen Fan laughed dryly and said, "Actually, it's about the same. You're too smart. Sometimes I think you're in the wrong profession, and you shouldn't be taking finance exams at all."

Zheng Xiaopang asked: "Then what should I learn?"

Chen Fan said with a smile: "Acting, you should enter the entertainment industry. Look, you are good at acting. For so many years, we always thought you were a little rich man. We didn't expect it to be the prince, who deceived us all. "

Zheng Xiaopang shook his head and said, "I'm not acting, it's my true nature. I don't have much money, and I'm stuck at home."

Chen Fan said: "Being humble, don't you think, the entertainment industry is so good, and there are so many beauties, your talent is really wasted."

Zheng Xiaopang was a little embarrassed by the praise, and said: "It's not as good as you said, you are too good at talking. What's so good about the show business circle, what's the point if there are more beauties, it's very boring."

Zhang Yang listened stupidly for a while, seeing Chen Fan's weird smile, he understood a bit, this is a loss.

After complimenting Zheng Xiaopang a few more words, Zheng Xiaopang happily went out to find Lao Liu, and Zhang Yang said to Chen Fan: "You are so wicked, you called Xiaopang such a good person."

Chen Fan laughed and said, "It's just a joke, after a while Xiaopang realizes that you can help me block it twice."

Zhang Yang looked straight at Chen Fan, and Chen Fan was embarrassed and said, "How do you plan to operate Bodao shares?"

Chen Fan said: "Changzhuang, I want to get enough chips as soon as possible, and then push all the way up. But first we need to see if the opponent cooperates, and I still feel a little unwilling to let them sit in the sedan chair."

Zhang Yang asked suspiciously: "Then we can just sit in the sedan chair without lifting our feet. Isn't that what we have always done in the past?"

Chen Fan said: "I plan to hold a large number of stocks in Bodao shares for a long time. I am optimistic about the future development potential of the communication equipment market."

Zhang Yang asked a little uncertainly: "Do you want to buy shares in Bo Island?"

Chen Fan said with a smile: "It doesn't have to be an acquisition, it can be regarded as a shareholding. Learn from Dad Zheng's thinking, advance the board of directors, and figure out the details before deciding whether to increase investment. If it is really good, why don't you accept it if you have the opportunity?"

(End of this chapter)