Category: Money Tips Date: 2006-02-12
Editor's Note
"China's richest man, made in USA." Suntech listed in the U.S., once again created a wealth of myth. For stock investors to the U.S. to buy "China concept", but also lead to the same effect, although this is only outstripped by that. Similarly, the risk of the U.S. stock market daunting, but as Chinese investors to invest in US-listed Chinese stocks, or do not have some stress, do not have some harvest, do not have some taste, of course, may also have some losses do not.
"Only a temporary leave, recalling the year in the school with a few friends together to play basketball, when the plot of a quiet mind in order to re-emerge." 10 years ago, is still a key school in Shanghai in high school CHENG Bin (a pseudonym ), already without the year, "O'Neill," build, instead, is many years in the New York Stock Exchange and Nasdaq accumulation.
Students come back, CHENG Bin brought back not only the academic fruit, as well as the flower of wealth. "Side of the United States to learn the knowledge, while investment in China stocks." These years of tension and apprehension, excitement and joy, let him gain wealth and experience.
CDC - the first "reincarnation"
"One and we stock a small group of college encounter, be my opportunity to invest into the stock market." Despite the fatigue brought Daoshi Cha also left in the face, however, little has changed about the stock of his life, CHENG Bin excitement the situation is still written on his face.
"That is I have just entered the University of the near C a day, after dinner, went into self-study classrooms, see 78 boys around a laptop computer, a very focused in discussing anything." CHENG Bin recalled, "Suddenly, they say The 'from China' The two words attracted me, in the consent, I participate in their midst, notebook computer, is a colorful rows of data and some curve tables. "
"They are talking about the Nasdaq-listed CDC news. Know that I am a Chinese student, the Da Huoer has surrounded me in animated conversation when asked about the network in the situation in China."
Logical, China.com (CHINA.Nasdaq) became the first stocks to buy CHENG Bin, however, due to open an account for CHENG Bin time for other reasons than this small circle of friends bought a few days later, fortunately, this evening Buy a few days to reduce the cost of the CHENG Bin positions.
This is the summer of 1999.
"At that time the price of buying CDC little more than 10 U.S. dollars, using the wage earned a very limited savings." Bought CHENG Bin CDC gave a good start.
Before long, CDC's stock began to rise after buying the first two months, rose to 20 U.S. dollars on the CDC for more than a month's time, the principal had been doubled.
This time, CHENG Bin more sensitive to changes in the stock price up. One day after the close, CHENG Bin noted the CDC rapid decline in intraday trading the share price, making the decline CHENG Bin began to worry about is will continue to expand, burst of psychological warfare, he made the next day throw CDC's decision.
Sure enough, the CDC shares falling, and soon dropped back below 15 U.S. dollars, for his "wise" decision, CHENG Bin a bit big beaming.
However, this point was not at all pleased with the freshness period is not long. Two months later, CDC's share price back above 20 U.S. dollars, and was thrown over CHENG Bin prices. Then, even more CHENG Bin unexpected happened: the CDC all the way up, just a month share price over 50 dollars.
CHENG Bin mind can imagine how upset this time. He decided that if CDC fall into the 30 U.S. dollars, they buy again.
In early 2000, CDC indeed start to correct, but not as envisioned CHENG Bin fall into the 30 U.S. dollars, but above the bottom out 30 U.S. dollars. CHENG Bin contain himself a bit. His stock rose to nearly 40 U.S. dollars when the chase into.
This time to recover income, so CHENG Bin stepped on the Nasdaq cattle tail.
"I remember the point and the Nasdaq was at about 3,000, but few months later, was more than 4,000 points, CDC nature by virtue of Dongfeng, a sharp rise in two months, no more than 70 dollars." Should say that When the stock market madness, CHENG Bin remember.
No one would have thought that the end of the Nasdaq bull market, is brewing in this last crazy.
The beginning of the fall CHENG Bin did not care, because he was "throwing the wrong lessons of the last CDC lessons." However, the CDC quickly fall below 60 U.S. dollars an integer off the idea of change CHENG Bin. "First off the bag as an it." CHENG Bin said. The decision to avoid the substantial loss CHENG Bin.
Done after the buying and selling two pens, CHENG Bin began summing up, while the subsequent movement of CDC, but also let CHENG Bin to see the stock market risk.
Sina - The first lesson
"If you had not thrown in time lead to disastrous consequences, Internet stocks bubble burst is likely to end my investment career." Now think of it, CHENG Bin is still a bit scared.
The same token, CHENG Bin did not think that this is a start, but also doomed to the future with him, the concept of shares of ups and downs in China behind the upsurge of emotion.
CDC thrown later, CHENG Bin facing the rapid decline of the stock, could not find the direction of 1:00. But soon gave rise to the climax listed Chinese Internet portals, there has been looking forward to him.
April 13, 2000, Sina (SINA.Nasdaq) landing the Nasdaq, with the two previous experiences CHENG Bin in this fast-shot, the same day to buy Sina, and soon there are gains, Sina, at the highest Chong after the top 50 U.S. dollars to carry not live stock sell-off, from early May began to decline after Tiaokongdikai. CHENG Bin again in the stock below and select an integer mark throw.
"One fish two to eat, this is my transactions derived from the CDC idea." CHENG Bin wanted to make one further on in Sina, but this time, allowing him gotten through to a "bear" very powerful.
CHENG Bin Sina dished out two months later, watching Sina who fall outside the 25 U.S. dollars, decided to make a. However, the decline has not been affected Sina CHENG Bin bid has been completed. Soon CHENG Bin of Sina shares are "stuck." In the two months after the Black Monday, the Nasdaq slumped more than 200 within one hour point, Sina crashed below the issue price.
Then CHENG Bin really alarmed.
17.23 U.S. dollars is CHENG Bin Sina will be in the hands of the stock price of the full throw, "suffered heavy losses this time." CHENG Bin once lost 1 / 3.
Also this time, so CHENG Bin aware of the stock market does not come easy for the money. He began to study, study.
"At the time school is relatively tight, but I always drove me to the stock's obsession with reading late into the night, including the K-line analysis, Elliott Bora wave theory, Gann and other technical schools of the theory works, there are financial statement analysis, industry knowledge fundamental research. "This time, CHENG Bin in their own financial markets saw the charm - Once you have selected into, you're very difficult to get out.
The Learning CHENG Bin also know the importance of actual combat experience, he began to come under a number of self-analysis of options to buy time to set up operations and strict discipline. After very long time, CHENG Bin Xiang Gang is no longer an investment in the stock market began to operate as full of warehouses, are touched on a camel to verify the accuracy of the theory.
Is precisely for this reason that a lucky hit the ground to escape the Nasdaq CHENG Bin wave of terror that nearly 2,000-point decline.
"If not because of changed methods of operation, I think my year could also destroy all the confidence in the stock market." CHENG Bin pensive, "so think about it, Sina has brought me to that loss is a very worthwhile The. "
Shanda - the first a "disciplinary action"
Although Sina, the CHENG Bin also Netease (NTES. N asdaq), Sohu (SOHU. N asdaq) carried out exploratory operations, but also are short-term speculation, small lose a small win. Until Shanda (SNDA. N asdaq) the listing of the re-ignite the passion for the game inside the game and the stock market CHENG Bin dual passion.
In May 2004, is preparing a grand thesis that the CHENG Bin prepared to news listing on the Nasdaq, while the Nasdaq composite index also fell a few years more than 3000 points, it begins to restore popular.
CHENG Bin begin immediately to find out about this online game companies, but also to the many friends to understand the domestic grand game's popularity in the Mainland.
May 13, after several twists and turns in the grand finally with the NASDAQ listing bells and investors to meet CHENG Bin observed for half an hour later, a comprehensive understanding of its turnover and had the basic situation and decided to buy a half position income.
Shanda up two weeks later, began to enter the platform shocks, the shock, they experienced an 8-week period, but also the beginning for many investors to buy the grand vigor exhausted. However, CHENG Bin refrained thrown the idea of profit-taking, according to the method of technical analysis should at least wait until the platform after the break to determine the direction of making a decision.
CHENG Bin, etc. to is grand upward break, also in a grand break up the second week, CHENG Bin would be the other half of the funds to buy Opening Shanda, holding more than 30 U.S. dollars to be distributed gradually.
The more in accordance with disciplinary action, the easier it is to overcome the weaknesses of human nature. CHENG Bin by a grand operation, feel the combination of technical analysis and fundamental analysis important. Subsequently, CHENG Bin can be said that bigger and cis, worked in Focus Media (FMCN. N asdaq), Baidu (BIDU. N asdaq) on the great harvest.
"Now, my hand also holds Vimicro (VIMC. N asdaq) of stocks, can be said that most of the NASDAQ-listed Chinese shares listed on the initial star had a good performance, this is what I should be the overall investment fairly important to the success of a fulcrum. "Even now the same age than the alumni of the original hundred times more wealth, CHENG Bin remain sober.
