It's really scary!
eBay's stock price skyrocketed at the opening, and it continued to rise as soon as the market opened. This momentum is simply terrifying...
However, for U.S. brokerages, they have great confidence in eBay's stock price. In their view, eBay's stock price has at least three strong supports for its rise. One is to make up for the increase, which means making up for all the previous losses; The originally expected benefit, that is, finally getting PayPal, has to be digested. Another benefit is the huge benefit of the cooperation between eBay and Makino Technology. The U.S. market has been deeply aware of the influence and rise of Makino Technology. , Therefore, the cooperation between eBay and Makino Technology is great good news for them.
There are three strong supports for the rise. Brokerages and eBay shareholders are secretly adding fuel to the flames. The stock price is naturally rising like a wild horse that has escaped the reins, growing rapidly.
Wei Jun sighed at the computer: "It seems that today's highest price may break through the 70 mark!"
Wei Lan asked hurriedly: "Dad, when are you going to sell these stocks?"
Wei Jun said: "eBay is gaining momentum right now. Don't say anything but hold it for a while and see. I think it is possible for it to reach 70 or even 80!"
Wei Lan immediately said: "You can't keep this mentality forever. It's too risky. You have to set four psychological prices in your mind in advance."
Wei Jun asked: "Four psychological price levels? What psychological price level?"
Wei Lan explained seriously: "The contraction price when it rises and falls; and the short position price when it rises and falls."
"If the stock price continues to rise, and after the price rises and shrinks, you must immediately tighten up, sell at least part of the stock in your hand, recover your principal first, and continue to hold the remaining part; if the stock price starts When the price falls and shrinks, you should immediately sell part of it, take back the principal, and continue to hold the rest and wait and see;"
"If the stock price keeps rising, when it reaches the rising short position price, you have to sell all the stocks and cash out as soon as possible. Regardless of whether there is room for it to rise in the future, we will withdraw at this price first; if the stock starts to fall, When it reaches the falling short position price, you have to sell all the stocks, regardless of whether it can rise back."
There is a big difference in mentality between Wei Lan and Wei Jun. Wei Lan is rational and needs sufficient support before making a decision. He does not have a gambler's mentality, while Wei Jun not only has a gambler's mentality, but also lacks the ability to stop losses and profits. Courage, a mentality like his, is the most unsuitable for stock trading.
Driven by the gambler's mentality, Weijun did not leave any reserves at all when investing in stocks, which was very dangerous.
In Wei Lan's view, even with the news revealed by Li Mu, he should not invest all his assets at the same time and borrow money everywhere to further expand his position. This is the most standard gambler's mentality. In this case, Once something goes wrong, it may be irreversible;
They are not good at stopping losses and taking profits. They are more likely to be led by the stock price. The more they make, the more reluctant they are to get out. They always feel that there is still more room for profit. The more they lose, the more reluctant they are to cut their flesh. They always put their hope in it. Although the stock price can rise again, in the end the stock keeps seeing up and down in his own hands, consuming all the original profits bit by bit.
It is difficult to stop losses in time, but it is even harder to stop profits in time! Because of this, Wei Lan asked her father to set these four psychological prices in advance and strictly implement them.
Wei Jun thought for a long time and said: "I think eBay's stock price can reach at least one hundred US dollars in the long run, so let's set one hundred US dollars as the rising and shrinking price you mentioned..."
Wei Lan immediately turned down her face and said, "Dad! What Li Mu was talking about was short-term, but he never suggested holding eBay stocks in the medium to long term! Even if eBay can reach a price of one hundred dollars in the future, there's no telling how long it will take." Not in the future! Besides, you don’t know how much of the current surge in stock prices is driven by market makers. If they want to continue this wave of good news and attract retail investors to take orders at high prices, then once the stock price reaches their psychological expectations, they will If you sell eBay shares in large quantities immediately, the stock price will definitely fall sharply."
After saying this, Wei Lan deliberately persuaded in the most serious tone: "Dad, no matter what you do in the future, you must learn to stop profits and losses. Our family has already suffered this loss..."
Wei Jun hesitated for a moment, and his expression gradually became serious. Wei Lan was right. He had a gambler's mentality. He had no concept of stopping profits and losses. From the time he started doing business until now, what was he thinking about? Maximizing profits, I never thought enough was enough. I was all-in in almost every game I played. My luck lasted for more than ten years, but I lost completely in the biggest gambling game. If it weren’t for Li Mu, my family would have lost everything. The life of the three of them now seems to have run out of ambition.
This time, although Li Mu was kind enough to give him some inside information, Li Mu's advice was to be short-term, buy low and sell high to make a profit. If he really wanted to switch to the medium- to long-term, without Li Mu's inside information, he would Most of the confidence in my heart was immediately lost.
After thinking for a long time, Wei Jun said: "Let's do this. If the stock price exceeds 70 US dollars, I will sell 750,000 shares first to recover all the principal, leaving 250,000 shares in hand; if it falls below 65, I will sell I will sell 800,000 shares; if it rises to $75 or falls to $55, I will sell them all."
Wei Lan sighed softly and said, "How about I ask Li Mu tomorrow and see what he says."
Wei Jun nodded immediately: "That would be the best!"
…
The soaring stock price immediately made eBay the subject of reports from major American media. Most of the media were particularly optimistic about eBay's multiple cooperation with Makino Technology and PayPal. They praised it in the report, and even Makino Technology followed suit. Got a lot of light.
With multiple favorable promotions, a large number of media reports, and various operations by brokers and shareholders, eBay's stock price surged to $68 on the first trading day after Li Mu held a press conference.
Li Mu didn't learn the news until the next morning China time. The stock price of US$68 made Li Mu stunned for a long time. Then he felt annoyed that he gave up such a good money-making opportunity because he thought it was troublesome. If you really want to make money, there must be a way to do it even across the ocean.
Marveling at the unexpected positive feedback from the U.S. market, Li Mu opened some U.S. media websites and briefly learned about their reports on the cooperation between eBay and Makino Technology. He found that the reporting standards of the U.S. media were highly consistent. Everyone was talking about eBay. With all the positive development potential in the future, one potentially bad news has not been reported in China, and that is eBay's agreement to avoid Taobao's aggressiveness in the Chinese market in the future.
China's Internet market is getting bigger and bigger, and it is also a very important territory for a company like eBay to expand its empire in the future. If eBay wants to avoid Taobao in China in the future, it means that eBay's future development model and The space for imagination is much smaller. Although eBay does not have a very direct business conflict with Taobao, it is still a constraint on future development. If it is reported, it will have some impact on eBay's stock price.
According to Li Mu's understanding of the American media, roughly speaking, the American media is relatively objective most of the time, and different media have different left and right tendencies, some are conservative and some are radical, so everyone's reports should be based on their own opinions. They have their own arguments, and it is indeed a bit strange that everyone agrees in such a harmonious manner. I guess that even if there is no serious behind-the-scenes operation, there is at least someone lobbying behind it.
The United States itself is a country with a very obvious lobbying system. It needs lobbying in politics, economics, and folk entertainment, not to mention the media. The media is the only key that can directly connect with politics, economy, and entertainment. , there are often people with various purposes who lobby the media to keep the media consistent.
Referring to this, Li Mu felt that there might be big forces taking advantage of eBay's skyrocketing trend to fuel the flames. As for what purpose they were reporting, he didn't buy eBay stock and it had nothing to do with him, so naturally he didn't bother to care.
What's more, Li Mu has little interest in eBay. eBay's future development space is not large, far less than that of PayPal. At present, he has locked 29% of Paypal's shares, at least for Makino Technology ten years later, he has locked in a large number of shares. With an additional market value of several billion US dollars or even more than 10 billion US dollars, even if eBay fails in the future, it will have nothing to do with itself.
Domestic media showed a unified attitude towards the skyrocketing share price of eBay. Almost all the media used their reports to praise Makino Technology because they believed that the reason why eBay’s share price was able to rise so much was Such ferocity is almost entirely due to Li Mu's blessing.
Therefore, the domestic media set off another wave of praise for Li Mu. The only thing that surprised Li Mu was that no media reported in detail the content of his speech yesterday.
The media made detailed reports on the news of eBay's skyrocketing stock price. Some media even remotely consulted American securities experts. However, no media compiled Li Mu's remarks about housing prices last night into written reports.
Li Mu felt quite surprised. When he had dinner with Senior Brother Liu and Master Lei last night, both of them felt that they would be trolled online today. Even if they were not trolled by name, experts and scholars would come out. He was implicitly slapped in the face, but unexpectedly, the media treated him coldly. Just like the American media did not report eBay China's limited development, the Chinese media did not report its bold prediction of housing prices.
Li Mu searched a lot of domestic media websites and even went out to buy several newspapers. He came back and rummaged through page after page. All the news reports about his speech at the National People’s Congress last night only mentioned that he called on young people to believe Miracles, and taking the true story of Heinrich Schliemann as an example, the subsequent remarks about housing prices were not mentioned at all in the media.
Suddenly, Li Mu felt extremely heavy.
If the media maintains a high degree of unity, there must be a force behind it. No matter who is pushing it, his core purpose is to control the spread of his own relevant remarks.
It seems that house prices are still related to the fundamental interests of many people at all times, and they will not allow their interests to be challenged by them.
Li Mu felt melancholy. He had never thought about controlling the growth of housing prices. He also knew that he did not have the ability to do so. His only thought was that he did not want so many young people to be trapped in housing in the future. He hoped that he could do his best to remind They were foresighted, but I'm afraid that's all they can do. If they continue to go deeper, they may cause unnecessary trouble to themselves.
(End of chapter)