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In the domestic media, they have focused on the box office of the two movies "The Next Superstar" and "Youth Musical", and Wang Qinian is on the Yahoo Finance Channel, paying attention to the NASDAQ stock market in the United States. Pen "Fun" Pavilion www.biquge.info

After the collapse of the 5,000-point bubble in 2000, the Nasdaq plummeted like a storm for more than a year. Originally, it was not until 1172 points in September 2002 that it was the real bottom.

Of course, there are already many stocks that have bottomed out in advance, and it's time to buy the bottom!

Every round of stock market crashes will create investment opportunities everywhere. It's just that investors are scared out of their courage and no longer believe in the investment opportunities they see.

Even at the cost of less than a dollar, the opportunity to buy assets that were previously worth 20 yuan, many people are often scared to make a move!

I am afraid when others are greedy, and I am greedy when others are fearful!

This sentence is the true meaning of copying the bottom and escaping the top.

Wang Qinian doesn't know much about companies in other countries, but he knows more about Chinese concept stocks! 2002 should be the cheapest period in the history of Chinese concept stocks!

After that, there was no such cheap buying opportunity!

For Chinese investors, Chinese concept stocks are both tempting and unfamiliar. The temptation is that it is constantly rumored that so-and-so copied the bottom of Chinese concept stocks and made a hundred times! Unfamiliarity is that both the language and the trading rules are relatively unfamiliar.

Before Wang Qinian was reborn, he chatted with a friend who worked in a multinational brokerage company, and heard a complaint from his friend -- 80% of those who speculated on the NASDAQ US stock market were Chinese investors. There is not much real money, which is equivalent to sending money to foreign brokerage companies.

Moreover, the investors who invest in the U.S. stock market are basically the same people as the investors who invest in the A-share market. Therefore, sometimes the trend of Chinese concept stocks is similar to that of U.S. stocks, and sometimes, affected by A-shares, the trend is very strange.

A-shares rose sharply, while shares of U.S.-listed Chinese companies plunged. Why-because. Chinese investors chasing the rise and the fall. They hurriedly withdrew their capital and invested their money back in domestic A-shares.

A-shares fell, and the price of gold was very cheap everywhere. Many investors have gone to take over U.S. stocks at a high level. Help Americans pick up those high-priced stocks.

Essentially. Wait until a large number of Chinese investors are talking about U.S. stocks. Who buys who sets!

Of course, there are basically few investors talking about the US stock market now! Even A-shares are unfamiliar to many people. Not to mention U.S. stocks. Later, the U.S. stock investment boom was mainly due to a group of people, who copied the bottom of the U.S. stock market in 02~03. If you don't earn a few times, you can earn dozens of times or hundreds of times.

As a result, these people are boasting about their own wisdom, and their investment vision can be compared with the stock god Warren Buffett. And actually...... Perhaps the biggest role played by these people is to advertise for multinational securities companies. Caused a bunch of Chinese, blindly to open a US stock account, regardless of the investor's profit or loss, the securities company is like opening a casino, firmly get trading commissions and other service fees!

From the perspective of conspiracy theories, Wang Qinian seriously suspects that many of the Chinese who copied the NASDAQ in the early days were definitely found by the US securities industry!

Publicizing a small number of people made a lot of money, so the U.S. stock accounts related to China began to attract a large number of Chinese investors. In addition, China-related private equity funds have also begun to find buyers.

In fact, the vast majority of Chinese concept stock investors are leeks. It also took the initiative to send cross-border leeks harvested in foreign capital markets.

Of course, many people are talking about the Nasdaq crash now, and when the clouds are miserable, it is a better investment opportunity.

Because, the true meaning of investment is to buy cheaply!

Great companies, bought at mediocre valuations; mediocre companies, bought at the valuation of bankrupt companies; Bankrupt company, buy ...... at a tattered price

Countless grandmasters of value investment, making money is a logic in the final analysis - buying too cheap!

In the U.S. stock market in 2002, there were many opportunities for speculation! There should still be a lot of 100 baggers, for example, Apple and the like, with a market value of billions of dollars, who would have thought that its market value would be more than 700 billion in the future?

In China, there are actually hidden dragons and crouching tigers, and there are many hundred-bagger stocks. In the end, Wang Qinian's most impressive nature was NetEase, the first 100-bagger stock in Chinese concept stocks!

NetEase can become a 100-bagger stock, not because it was optimistic at the beginning. But it was looked down on at the beginning and plummeted! Continued to look down for a few years, the opportunity to fall out!

NetEase went public in 2000 and raised more than $60 million in capital, with a market value of $2 billion at one point. But soon the NASDAQ crashed. Later, it was revealed by the media that NetEase had financial fraud, and its revenue in 2000 was one-third less than that of Sohu, but it gave a wrong financial report, saying that it was one-third higher than Sohu.

In addition, its revenue is only one-sixth of Sina's. Losses have intensified, market share has declined, and countless decay phenomena have appeared!

In 2001, Sohu's revenue increased by more than 118%. NetEase's revenue fell by 15%. In terms of advertising revenue, the gap with peers has further widened. This year, NetEase's revenue was only one-twelfth of Sina's, or one-fifth of Sohu's.

Under the blow of various negative factors, NetEase closed at $0.64 a share in the fourth quarter of last year when it was suspended for investigation. Compared to the price of $20 a share when it first went public, it is very different.

This can't help but make people feel the cruelty of U.S. stocks, and the decline can be seen to such a degree!

In fact, when NetEase went public, it had more than $60 million, and a lot of cash had not been used. According to this stock price, even the cash on NetEase's book per share exceeds the stock price. Even now NetEase takes bankruptcy liquidation. Investors can also get more cash than the share price!

Moreover, although NetEase lags behind Sina and Sohu in portals, advertising and other businesses. But the reason for this is because NetEase invested money in the online game industry in 2001, so it will regress in terms of news portals.

In essence, 2002 is a bumper year for NetEase, and then NetEase's profitability will be far ahead, exploding Sohu and Sina! Relying on the successful transformation, focusing on the online game business.

In early 2002, NetEase resumed trading, but according to Nasdaq regulations, within the first half of this year, the valuation must rise to more than $1, and it must hold the price above $1 for more than 10 trading days. In this way, you can avoid being delisted.

In January 2002, NetEase had just resumed trading, and although it closed at $0.95 a share on the first day, it almost recovered to more than $1. However, after many consecutive trading days, it was not able to rise to $1.

This makes many investors feel more and more pessimistic and feel that the risk of NetEase's delisting has increased greatly! (To be continued.) )

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