My Age of Investment - Chapter 3 Treasure Company

  Chapter 3 Treasure Company

   Feeling a little hungry, Xia Jingxing went directly to the dormitory’s restaurant to buy meal coupons and ordered a sandwich and a glass of orange juice. This was lunch.

  Each building of Stanford has its own small restaurant, lounge, and public activity area. It provides three meals a day and is open seven days a week, so there is no need to travel far to the unified canteen to eat like a domestic university.

  After a simple lunch, Xia Jingxing took the campus shuttle bus to the nearby shopping mall to start a big purchase.

  Bought some daily necessities and went to apply for a new calling card.

  He thought for a while, and went to the nearby Bank of America, applied for a bank card, and transferred all the funds in the Visa card, totaling more than 11,000 US dollars.

  Originally, he brought a total of 16,000 U.S. dollars to study, paid more than 3,000 U.S. dollars for board and lodging, insurance, and bought some daily necessities. Only a little over 11,000 left on the card, and there were still more than 900 U.S. dollars in cash.

  A total of 12,000 dollars for the whole body.

  After dinner, Xia Jingxing returned to the dormitory and lay on the bed, unable to sleep.

  It is not that he is not satisfied, but that he is a little confused and does not know what to plan next.

  Is it a step-by-step study, or use some foresight of the future to make money and make a lot of money.

  Money must still be earned. In this society, the waist is not straight without money.

  In addition to making money, he is still struggling whether to start a business again.

  I failed to start a business three times in my previous life, and when I was about to prepare for my fourth business, I couldn't afford it.

  Tossing around for half a lifetime, and I haven't come up with any famous ones.

  Entrepreneurship must still be created.

  Part-time job, it is impossible to work part-time in this life.

  Xia Jingxing opened her eyes wide and looked straight at the ceiling.

  Unsuccessful once in this life, he is inconsistent.

  Several times before starting a business, he also went back and forth, where did he fall.

  The group buying is too late to enter the game, which causes the financing rhythm to fail to keep up, and it collapses in the battle of thousands of groups;

  P2P is wrong and too cautious, so the scale has not been developed and the landing failed;

  Virtual currency is purely speculative. I found a teammate of the pig, and the enemy of the teammate of the pig, a self-media big V was picked up as a pig, and the leek that reached his mouth flew away.

  In all walks of life, he is most familiar with the Internet, followed by finance.

  If you want to start a business, it is estimated that you can only choose these two fields.

  This is not making money outside of the cognitive realm.

  Otherwise, the money earned by luck will lose out again by strength.

  Woo sorrow!

  Today is July 20, 2002, Xia Jingxing said in her heart.

  This time is a bit embarrassing.

  The Nasdaq Index reached its peak of 5,000 points the year before, and then it plummeted.

  The speculative bubble on the Internet has kept the market from slowing down.

  Broadway reincarnation, this is the same principle as the future P2P and virtual currency. The game of drumming and spreading flowers, no one thinks that he is a successor, there will always be a fool to take over for me.

  The Internet industry has stepped out of the darkness, and it must be 2004, the first year of the Web2.0 era.

  If you want to do something, you need to start accumulating food now.

  So what should I do now?

  Xia Jingxing thought about it, and felt that he couldn't be too high, so he should find a business first and make the first pot of gold.

With   USD in hand, there are more choices.

  As for the longer term, it is purely unfounded worry.

  Making money, fast, safe, suitable for you, no threshold...

  Xia Jingxing took these keywords and quickly filtered various industries and projects in his mind.

  Working in the United States is too slow, and many formal companies will not hire him.

  International students can only work on campus, and those outside the campus are called illegal jobs.

  Americans’ jobs are reserved for their taxpayers.

  At most, international students go to Chinese restaurants to brush dishes outside of school, and their rights and interests are not protected.

  The boss is kind, don’t deduct your salary and pay it in full.

   Disgusting boss, defaulting or discounting wages is the norm.

  Anyway, your international students are doing illicit jobs, so you don’t see it, and you often break your teeth and swallow them in your stomach.

  Set up a street stall? Spread the economy?

  First of all, the United States is vast and sparsely populated. If you don’t live in the center of the city, there are usually few people on the streets.

  The United States is a city on the car. People basically rely on cars to travel. There are few pedestrians on the road, so street stalls are rarely seen.

  The passenger flow is small, and no money can be made.

  Secondly, the United States also requires a stall license to set up a street stall, and in some places, more than one stall is required.

  And the management is very strict. If you set up a street stall somewhere privately, it is not the city management who is in charge of you, it may be the police!

  There are still many Americans who like to call the police and are very nosy.

  No matter the big or small things, you are often reported before you know it, the police car is already by your side, and the speed of the police car is far beyond your imagination, and often there are several at once.

  It’s not bad to be taken away honestly. If you accidentally encounter a racist, no one will go to the streets to redress your grievances.

  When you move, selling second-hand goods on the lawn of your own yard does not count. American residents like to do it. The police can't control it. It's private territory.

  Xia Jingxing killed one after another unreliable or unsuitable projects.

  In his mind, the project is best not to spend too much time, so as not to affect his studies.

  Although the turtles will be worthless in the future, he is afraid of dropping out or being expelled from school. His mother cannot accept the news.

  As a human being, he never wanted his mother to worry about him anymore.

  Furthermore, he hasn’t accomplished any career now, not even a sign of success.

   Dropping out of school now is a silly beep.

  Dispelling thoughts, Xia Jingxing continued to think.

  Hey, I thought of it!

  He suddenly bounced off the bed, glanced at the computer on the table, and had to start from it.

  He got up quickly, pulled his slippers, went to the desk, sat down, and turned on the computer.

  It is possible to visit domestic Chinese websites from abroad. After turning on the computer, he first browsed the financial sections of Sina and Sohu, and finally entered NetEase.

  His eyes stayed on a piece of news on the top of NetEase Finance.

  "On April 11, Mr. Duan Yongping, Chairman of BBK Group, bought 1.52 million shares of NetEase on the open market for US$2 million, accounting for 5.05% of NetEase’s total equity...

Mr. Duan Yongping said that he is unwaveringly optimistic about the future of NetEase, and time will prove everything..."

  Looking at this piece of news that had been outdated for several months, Xia Jingxing's mouth rose.

  The Internet bubble made a large number of Internet companies miserable, and NetEase was also one of the victims.

  NetEase’s stock price fell all the way from 15.5 US dollars at the time of listing, to a minimum of 0.48 US dollars, a decrease of 97%.

The market value of    also dropped from USD 470 million at the time of listing to less than USD 20 million when it was the lowest, which is horrible.

  Of course, such an exaggerated decline is also related to the fact that NetEase was found to be suspected of accounting fraud, and more than half of its income was missing.

  In September last year, NetEase also stopped trading once, and the price of the suspension was US$0.64.

   If the stock price of a Nasdaq-listed company is less than one dollar per share, if the warned company still cannot take corresponding measures to save itself to change its stock price within 90 days of the warning, it will be announced to stop stock trading.

  This is also commonly known as delisting.

  Netease was on the verge of delisting. Ding Sanshi went to countless places at that time and met countless investors and business leaders. He wanted to sell the company, but no one dared to take it.

  Everyone thinks that NetEase is dead this time, who dares to top the thunder?

  Until the man with the alias "Duan Feite" appeared!

  Xia Jingxing recalled, while opening the Nasdaq website, starting to check NetEase’s financial information.

   Duan Feite’s 2 million US dollars is really a timely rain, which undoubtedly gave NetEase’s stock price a shot in the heart.

  The current stock price has risen to $1.42!

   US$2 million may not sound like much in later generations, but at this time, it can be called a huge sum of money.

  NetEase has so many circulating disks. This big purchase order directly pulled NetEase's stock price to more than $1, breaking away from the brink of delisting.

  Xia Jingxing's math is very good, and after a bit of calculation, the average position price of 2 million US dollars, 1.52 million shares, is less than 1.32 US dollars.

   Later, Duan Yongping continued to increase his holdings of NetEase shares to 2.05 million shares, holding 6.8% of NetEase’s total equity.

  I can’t remember the time clearly, I don’t know if it’s this year or next year.

  In addition, he still remembers that Duan Yongping sold part of the stock when NetEase’s stock price exceeded $40, and first took the capital back to secure a batch.

  As for profit, it is not as exaggerated as what the media said, holding for more than ten years, not selling a single share, and ultimately making a profit of thousands of times.

  Duan Yongping has held most of the NetEase shares for 1989 and only sold them after 2010. There must be a profit of several tens of times and hundreds of times.

  NetEase later demolished one share, and one share became four shares.

  At this moment, buy one share for 1.42 dollars, and the holding cost is equivalent to 0.355 dollars for one share.

  Wait when NetEase’s stock price breaks through $355 someday, it is really a profit of more than 1,000 times.

  Thinking far away.

  Xia Jingxing quickly woke up from her dream, NetEase stock price is more than 300 US dollars, at least a dozen years later.

  Look at the front first.

  NetEase’s stock price is US$1.42, with a total share capital of 30 million shares and a market value of almost US$43 million.

  Net assets per share are more than US$2, which is a lot higher than the stock price.

  In addition, there are more than 50 million U.S. dollars in cash reserves, net assets of 67 million U.S. dollars, and liabilities of 14 million U.S. dollars...

  It seems that the stock price is suspected of being undervalued.

   But mainly because NetEase is not making money, the market view is still quite pessimistic, especially the launch of "Western Journey 1" did not achieve ideal results.

  However, these are the last darkness before dawn.

  Xia Jingxing browsed the news of Netease, it said that next month, that is, in August, "Western Journey 2" will be officially launched.

  There are also telecom SP value-added services, which is also a life-saving straw to save the three major portals and Penguin.

  Currently, these two major businesses are working hard, and they have not yet shown their power.

  Xia Jingxing took a look. NetEase will not announce the second quarter earnings until September, and the stock price will definitely not be what it is now.

   Turning off the computer, Xia Jingxing lay back on the bed and began to think about money.

  Watching such a treasure company dangle in front of him and seduce him, it’s too much.

  This taste.

  Uncomfortable.

  The heart is cut like a knife.

  He quickly dispelled distractions again, who is Duan Feite? People who have become rich since the 1990s cannot be compared.

  I should just follow along and drink some soup.

  Now what he considers is to raise as much money as possible in the short term.

   Then, Allin!

  (End of this chapter)