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Chapter 16 Crazy Nasdaq

That night, the three of them discussed this situation and formulated some preventive measures.

In addition to continuing to be Li Wen's bodyguard and nanny, Xiao Tian also has to work part-time as Chen Qingyun's nurse. Since the bullet has passed through Chen Qingyun's right rib, the two blood holes look terrifying, but they have not really hurt the vital points. Xiao Tian has already helped him with sutures. Therefore, as long as you do not do vigorous exercise before the wound heals and cooperate with some medicines to treat, the injury will soon recover. However, since you can only use some basic medicines, the healing period may be longer.

On the next day, Li Wen opened three anonymous accounts at the Swiss Bank, which is famous for its confidentiality by phone, and asked Chen Qingyun to deposit their 20 million into their original accounts and these three anonymous accounts. He also opened three anonymous accounts in the original futures company and linked the accounts. After doing this, Li Wen devoted himself and worked hard to enter the Nasdaq index trading.

On February 2, due to yesterday's market fluctuations, most investors took a wait-and-see attitude in trading, and the market was in a volatile consolidation. The trading atmosphere was extremely flat. The Nasdaq Comprehensive Index opened at 3968.35 points, with the intraday low point of 3960.21 points and the highest point of 3972.38 points, closing at 3970.11 points.

Li Wen, who knew the general trend, decisively invested all 20 million in position building and went long, with an average position price of 3967.34 points. Li Wen knew that with his current amount of funds, even if he built a position openly, he would not attract anyone's attention, because 20 million funds could not even splash in the entire Nasdaq futures market, and would not have any impact on the market at all. The reason why he was cautious before was simply to prevent him from attracting attention when he made a profit.

In the futures index market that day, Li Wen had discovered several hidden long forces. These bulls secretly digested all the scattered short orders issued by the market. Li Wenzhi saw that it was because the traders of these bulls had a bad habit. Their orders were accustomed to bringing specific numbers in the single position, for example, someone liked to set the single position at 6 at the single tail.

The 2000 Nasdaq is destined to be recorded in history.

On February 3, Amazon suspended trading for one hour and released its fourth quarter financial report for 1 year. The entire market is waiting for Amazon's report.

When the fourth quarter financial report disclosed that Amazon lost another loss, with a loss of US$185 million, or 55 cents per share, higher than the market analysts' original expectations of 48 cents per share, it caused investors' concerns. E-commerce stocks represented by Amazon were sold out in small quantities, and the Nasdaq Composite Index, which opened at 3971.18 points, fell to 3960.23 points.

At this time, an Amazon spokesperson said that Amazon founder Bezos will hold a conference call with market analysts and journalists, and the market will pay attention to Amazon again. Bezos then said in his conference call: "This year's 'achieving profit goals in every business area' is a critical task that Amazon must strive to accomplish."

This is the first time Bezos has publicly talked about Amazon's company's goal to make profits. Investors seem to have seen Amazon's beautiful "money" situation from the speech of the legendary Bezos, and gave Bezos a warm welcome. Amazon's stock was frantically sought after by these investors. Driven by them, Amazon's stock rose instead of falling in trading that day, rising by US$6.63, an increase of 8.9%.

Driven by Amazon, the entire Nasdaq market also began a big counterattack, rushing to 4,000 points that fell since January, and finally closed at 4,020.36 points, up 50.25 points from yesterday's closing.

In the following time, network technology companies represented by Microsoft, Cisco, Yahoo and others also released good news, and a super big market that has never been in history was ignited by blind and crazy investor players in the Nasdaq market.

Retail investors are blind. Although their capital volume exceeds 70% of the market, they have never been able to use this capital advantage to sort out the market, just because they are retail investors. The word "scattered" has determined that they cannot form power. They can only chase ups and sell downs under the fanning of large institutions under the so-called experts. As a result, they cut their losses and close their positions again and again, and were eventually baptized by the market and lost everything.

The year of the millennium represents the arrival of a new era. Technology has undoubtedly become the most representative and powerful representative of this new era. The plunge on January 4, the first day of the new millennium (the Nasdaq plummeted 229.46 points on that day, setting the largest record of Nasdaq's ever decline, but this record was easily broken in April.) Panic has long been swept away by the boasts of many experts.

During a period of time, the word "technology" has undoubtedly become the word with the highest export rate among experts, and the results and data released by those technology companies all show the charm of the word "technology". Technology has brought the most dazzling halo of this period.

Many investors also praised the most warmest applause and enthusiasm for this halo. In the entire market, any company with the word "technology" and especially the word "com" have become the target of many investors.

In February 2000, the applause and flowers of the whole world belonged to the Nasdaq market. The Nasdaq market attracted the attention of people all over the world with one impressive data after another. Those who were skeptical were also frightened by the new record numbers one after another, and no one would be willing to be accused of stopping people from getting rich.

On February 7, 2000, the Nasdaq Composite Index once again stood at 4100 points.

On February 15, 2000, the Nasdaq Composite Index once again reached 4200 points.

By February 17, 2000, Microsoft issued an announcement that Microsoft officially launched its most revolutionary product, Al, DOS2000 advanced server. The entire Nasdaq market, especially the computer sector dominated by computer technology, was crazy. The trading volume of the Nasdaq market exceeded 2 billion shares for the first time on that day. At that time, the total number of listed companies in the market reached 5,521, and the Nasdaq Comprehensive Index closed at 4,288.78 points on the same day.

On Sunday, February 20, 2000, Amazon announced that it had reached an agreement with Basis that Amazon would own a small stake in the company. Since Basis's business targets mainly those websites in Japan, South Korea and China, Amazon's move was seen as a signal of expansion to the Asian market, and people's enthusiasm was once again ignited.

On February 21, 2000, stimulated by Amazon's major positive news, the Nasdaq hit 4,300 points.

On February 22, 2000, Nasdaq closed at 4382.12.

On February 23, 2000, the Nasdaq Index rose 168.21 points, breaking the 4550 point mark for the first time, reaching 4550.33 points, and the increase point set the largest single-day increase point since the establishment of the Nasdaq.

At this time, investors were already infected by the crazy market. In the minds of investors, they were buying and buying. No one was willing to lag behind. All investors went crazy and the funds from the world were rushing to the Nasdaq market.

At this moment, everyone believes that as long as you buy stocks in the Nasdaq market, you are waiting to count the money; everyone believes that the technology stocks in the Nasdaq market are "money prospects". No one cares about how high the stock price is. In their eyes, the stock price will only rise and not fall. They are only willing to use all the funds they can gather to buy Nasdaq stocks. Even if the money is obtained from selling blood, it doesn't care; it doesn't care about the past financial losses, as Amazon founder Bezos said: "Let the profits go hell!", no one cares about whether the company of the stocks they buy is profitable. They only believe in the rising stock prices one after another.

Greed has eroded the consciousness of all investors. Perhaps some of them realized that the stock price now seems to be so high that it is scary. They also thought of bubbles after bubble in history, but the rising stock prices tickled their clear consciousness, and one historical high after another tearing their little bit of caution, so that they believed that the market would create another new high. When their expectations became a reality, as for whether there were bubbles in it, the sky-high price could be scary. They would never care about these anymore. They believed that the market would create another high.

On March 3, 2000, the Nasdaq sector market hit a huge trading volume of 2.2 billion, the Nasdaq comprehensive index easily broke through the 5,000 point mark, and the total Nasdaq market reached an astonishing US$6.5 trillion!

On March 10, 2000, the Nasdaq Composite Index set a record high in its entire history, reaching 5132.52 points.

When later experts followed and studied this historical record like a hindsight, no one knew why the market was so crazy in just a few dozen days. For example, why no one noticed Yahoo's price-earnings ratio of 2,000, was it crazy in the market or the people at that time, one assumption after another was put forward, but one after another was denied, and they had no answers. Experts hoped to find some basis to be wary of later generations, and they did find a trace of signs to warn future generations. Unfortunately, the only thing humans got from history was to get nothing. After the Nasdaq bubble, this kind of madness was still being performed in the years after the later generations.

When the Nasdaq reached its highest point on March 10, Li Wen laughed, and those who manipulated the market also laughed. Unfortunately, the crazy people didn't know why they laughed. They were still immersed in the dream that the Nasdaq Comprehensive Index advocated by experts will run towards 6,000 points. Any place in history, the people are always ignorant, but the levels of ignorance are different!
Chapter completed!
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