The brothers had another drink that night, and then they made a proposal to go home. It's really boring for the big men to visit the attractions together, besides, there are only a few attractions in Guangdong that you have to visit, and there are no big features in other places.

If you want to go, you can go, and Lao Lead began to raise funds and prepare to buy train tickets.

Ye Jiangfeng found out and forced Shi Mo to book a flight for the brothers.

After sending away his brother from his hometown, Shi Mo began to shake off Ye Jiangfeng to fulfill his promise, but Ye Jiangfeng actually cheated.

"What, Dr. Lu has been very busy lately and has no time to come out to eat. ”

"Yo yo Chek fuss, Brother Feng, are you very close to Dr. Lu, or are you both telepathic? How do you even know so well whether people are busy lately?"

Once a lie is suspected by others, it must be made up for with the next lie, Ye Jiangfeng almost subconsciously told a second lie: "I heard Jiang Fan say, didn't she intern at Wubo?"

Shi Mo nodded, accompanied by a strange smile.

Brother Feng, you play in the workplace and in stocks, you are all bulls, but you are not as smart as me Shi Mo!

Shi Mo didn't pursue it, Ye Jiangfeng thought that he had been fooled, who knew that in the afternoon of the same day, Shi Mo went to Wubo to find Jiang Fan.

"Little sister, are you busy?" When Shi Mo saw Jiang Fan, Jiang Fan was busy transcribing the case.

"Brother Black Dog, wait a minute, alas, I'm just a hard-working person, I don't choose so many majors, but I choose a terrible medicine. ”

Shi Mo handed over a bottle of yogurt: "Brother has time, you take your time, and write while drinking." ”

Girls love to drink yogurt, this is what Shi Mo learned when he was in college, so when he was about to go upstairs, he happened to pass by a convenience store in the hall, so he bought a bottle and prepared to please Jiang Fan.

This knowledge is really right, Jiang Fan saw the yogurt, and it was also his favorite brand, and immediately put the case aside in a pile: "Brother Black Dog, let's say, what is the matter with me?"

"See a doctor, my brother's brain is in water, how to treat it?"

"Pump! You go to the Internet and buy a water pump, and you want the maximum power. ”

"Good way, it's really a miracle doctor. ”

Jiang Fan drank a bottle of yogurt in a few sips, and brought the case to the front quite comfortably: "There is something to say, ah, this girl has energy now, and she can forget about herself when she is busy." ”

"What's the name of that Doctor Lu in your Wubo?"

"Doctor Lu, oh, my mentor, her name is Lu Qing, what's wrong, you're depressed too?"

"No, I was asked to send her an invitation to dinner and thank her for taking care of her for so long. ”

"You mean my brother?" Jiang Fan pushed the case aside again: "Lu Qing is not easy to invite, she never accepts a patient's banquet." ”

"But you must have a way, right?"

"Why did my brother invite her? She treated my brother, but she didn't make my brother's money. ”

"You stupid sister, you still can't see it? Your brother is in love with Dr. Lu. ”

"Really?" Jiang Fan exclaimed.

"Be quiet, don't startle the snake. Listen to me, I have observed, Dr. Lu also has a good impression of your brother, what's the matter, do something?"

"...... It's definitely going to be done, if I can really get my brother and Lu Qing together, it will be a great thing, but it's just ......"

"What's wrong?"

"It's just too difficult. Jiang Fan shook her head, looking at her expression, she was not prevaricating or deliberate when she said this: "Okay, let me give it a try, Brother Black Dog, you just wait for my news." ”

"You do something, I don't worry, just one request, before the matter is completed, you must not disturb Comrade Ye Jiangfeng, otherwise, his old man will definitely interfere and use thunderous means to knock the two of us into the realm of no return. Shi Mo finished dragging it, and the little sunglasses were put on the bridge of his nose: "Let's go!"

Returned to the Deep Sea Teahouse, it happened to be the closing time in the afternoon, Shi Mo glanced at Zhengtai Technology, wow, why is it a green plate today? Wow, it fell so deeply, two points!

"Brother Feng, did you get rid of it? You must have let it go, didn't you?"

Ye Jiangfeng shook his head: "No, how many positions were there yesterday or how many positions are there today, but a price difference was made in the intraday, which reduced the cost by three cents." ”

"The cost has been reduced by three points, but the stock price has dropped by nearly two cents! Brother Feng, what if it falls again tomorrow?"

"If it falls again tomorrow, then continue to do low-cost. Ye Jiangfeng was calm.

"Faint to death, Brother Feng, I remember you said that floating profits are not real profits, and only when they are converted into real money can they be regarded as real profits. ”

Ye Jiangfeng nodded: "Yes, I said this, is there a problem?"

Shi Mo pointed to the trend chart of Zhengtai Technology on the computer screen: "However, you are ...... now"

Ye Jiangfeng pointed to the tea table: "Make tea!"

Shi Mo obediently served the tea.

After brewing a bubble, he poured it for Ye Jiangfeng, and just about to open his mouth, Ye Jiangfeng said again: "Light a cigarette!"

Shi Mo sighed and lit a fire for Ye Jiangfeng.

"Why does a stock go up?"

"......" is such a simple question, Shi Mo seems to have several answers in his stomach, but when each answer is about to reach his throat, he always feels that it is not so accurate.

"The most direct reason is that you buy more, sell less, supply exceeds demand, and the price naturally rises. Ye Jiangfeng replied.

Shi Mo nodded: "That's right, but stocks are a virtual commodity, and they can't be fully explained by the theory of physical commodities." ”

"Yes, but the fundamentals are the same. Let's analyze why this happens to a stock, Mo, tell me first, what is the price-earnings ratio of a stock?"

Shi Mo blinked, and then replied fluently: "The price-earnings ratio is also called the price-to-earnings ratio or price-to-earnings ratio, and the calculation formula is the current stock price divided by its earnings per share. ”

"That's right, thinking about it differently, can it be understood that I bought this stock, if I don't sell it, how many years will it take to use the stock dividend to earn back my investment money?"

Shi Mo nodded: "It can be understood in this way. ”

"Well, you see, there are many high-priced stocks now, and their price-earnings ratios have reached seventy, eighty, or even more than one hundred, Mo, you calculate, if you follow this price-earnings ratio, which is more cost-effective than keeping money in the bank?"

Shi Mo opened his mouth and came: "I have calculated, the five-year interest rate of the bank is about three percent, which is converted into a price-earnings ratio of thirty-three, and it is definitely better to keep money in the bank to buy stocks with high price-earnings ratios." ”

"Then the question is, if even you can figure this out, why do the fund managers of those institutions invest in such high price-earnings stocks?"

Shi Mo scratched his head: "Hype? doesn't seem right." ”

"The bank's five-year interest rate of three percent will not change, even if it does, it will not be much, but these stocks with high price-earnings ratios are different, their performance next year may increase by 100 percent, 200, or even 12,000, and profits will increase several times or even more than ten times, if this expected goal is reached, you will calculate, how much will the price-earnings ratio of this stock become?"

Shi Mo did the math: "If it is calculated by ten times, wouldn't the price-earnings ratio of this stock drop directly to about ten?"

"Is this kind of stock very valuable for investment?"

Shi Mo sighed: "It's not just a lot, it's just too much." ”

"Since you think so, will fund managers not think so? Therefore, there is a phenomenon of buying more and selling less in this stock, and the stock price is naturally rising. ”

Shi Mo narrowed his eyes and thought of another question: "If this stock is really that good, why does the stock price still fluctuate?"

"Two reasons, one is that any one thing, from different angles will have different results, after all, the expectation of this stock is only expectations, not affirmation, so, in the treatment of the two words of expectations, there will always be two completely different voices, bullish, or bearish, today there are more bullish people, the stock price has risen, tomorrow the bearish prevail, the stock price has fallen. ”

Shi Mo smiled: "I understand this truth, even if the bullish ones are the mainstream, there is also a time to rest." ”

"Another reason is that there are too many retail investors in our big A shares, and the vast majority of retail investors have no concept of investment at all.

Shi Mo scratched the back of his head and said with a smile: "Just like me, I will be safe." ”

"Yes, Zhengtai Technology, two boards, how many profitable accounts, and how many retail investors who have unbundled, what kind of mentality do they have? And at this time, why do those large institutions that are bullish go against the trend? They want to throw away, and the stock price falls by a few points, what's the problem? Doesn't it just give them the opportunity to secretly buy goods and expand their positions?"

Shi Mo thought thoughtfully: "But, what if the stock price is suppressed by the selling of those institutions today?"

"Therefore, after the completion of the first wave of the rise, the dealer will often carry out a stage of washing, the purpose is to clean out those who are not determined, so as to clear the upward path, so as not to pay too much price in the second wave of the rise?"

Shi Mo pondered for a moment, and then carefully looked at the handicap: "Then, why don't we avoid this wave of washing?"

Ye Jiangfeng glared at Shi Mo: "Hide, you got off the bus today, can you guarantee that you can buy a ticket to get on the bus again at any time?"

Shi Mo pointed to the handicap and said, "Look, if we throw it away in the morning and eat it back at two o'clock in the afternoon, won't we save more than a dime in the cost?"

Ye Jiangfeng was a little angry: "You are deliberate, right? It's shameful not to know how to pretend to understand, and it's even more hateful to pretend not to understand if you understand! If you think it's funny, I'll call Zhenzhen and ask her to play with you." ”

Shi Mo suddenly wilted: "I understand, I completely understand." Today's decline is a normal step back after a big rise, and maybe it will continue to step back tomorrow, but if you want to get off at this time, you don't know when the car will drive, and you won't delay getting on the car again. ”