When I am reborn in Hong Kong, I just want to lie down

When Li Bu came to North America, in addition to spending time with Jennifer and his three children, he also had another thing to get involved in, that is, Nasdaq was about to reach a historical high.

Since October 1999, Li Bu has slowly begun to clear out the stocks he holds, but the speed is not fast. In Wall Street, he has established a large number of funds over the years. These funds own a large number of stocks, accounting for The ratio ranges from 0.01% to 1%. The main purpose is to clear out those stocks at this time without being discovered, and then buy other traditional stocks such as pharmaceutical stocks, military stocks, food, and beverages, and start to adjust positions.

Like the news that iMusic is selling well, there is a piece of merger and acquisition news that is being talked about, that is, the news of the merger between America Online and America Time has exploded.

On January 2000, 1, America Online President Shi Kai and American Times CEO Radwin announced a "strategic merger" between the two companies. Speaking of the reasons for the merger of the two companies, it is actually very interesting. This is consistent with the historical Time coincides.

This merger is related to the hot Internet concept. These people are the same as those companies that will ride on the popularity of the big A exchanges in the future.

There is nothing new under the sun. Just like a certain company, which originally made clothing, has always wanted to raise its stock price. At that time, there was always the Internet boom, so it wanted to find an outlet to increase its stock price. So that the leeks can take over.

Then, they found the Internet retail concept of external online sales, which is also Internet +, and pulled up the stock price. After pumping and selling, the stock price fell again, and the leeks could only stand guard at a high position.

The main businesses of American Times are publishing, music, movies, cable TV, and cable networks. The businesses of America Online and American Times are complementary. After the strategic merger of the two parties, they will become a giant.

As soon as this news appeared, Li Bu began to sell a large amount of the stocks of the two companies, because this was their highest stock price and would not be available again in the future.

This is a collision of concepts after the combination of emerging industries and traditional industries, and conflicts will inevitably arise. This is inferred from the results.

Before the merger of the two companies, American Time's stock price was US$90 per share, with a total market value of US$1240 billion, and Online's market value was similar.

This is the largest merger at the beginning of the new century. The merger of two companies worth hundreds of billions has supported the stock price. However, the moment the two companies merged, the stock price began to rise.

However, the merger of two large companies is not an easy matter. After the merger, who has the final say?When one party makes decisions, the other party will not listen to the other party's command, because they have only one idea, and that is: why should I listen to your command, who is the boss?

Sure enough, not long after the merger of the two parties, a lot of internal information was exposed. The two parties still acted independently and did not listen to the management of the other party, causing the stock prices of both parties to begin to fall.

After Nasdaq reached [-] points in March, it began to fall, and then rebounded once, but it still could not avoid the fate of endless falls.

If someone runs away at this time and will not be fooled by the rebound, it is still possible to ensure their own income.

Before March, Li Bu finally adjusted his position, sold those stocks and exchanged them for traditional industry stocks. Around October last year, the Pioneer Park cleared out the companies it held. This is a routine operation of the Pioneer Park. , and no one said anything.

Li Bu set out from Silicon Valley and came to New York. He saw that some people were crazy. They mortgaged everything, bet on technology stocks, and used margin trading. This high-leverage trading method, if they started from there before March, If they come out, they will have an income that will last them a lifetime.

He saw a person jumping down from a building in March. It was a familiar scene. He had seen too many such scenes over the years. It was true that if you were not greedy, you would be fine.

On March 2000, 3, the Nasdaq index reached its highest point of 10 points, with a valuation of approximately 5132 times PE.However, as the market environment changed, investors began to realize that technology stocks were overly frothy. On May 150, just over two months later, the closing price of the Nasdaq index fell to 2 points, which was lower than the highest level. points fell 5%.

Although the investment public opinion in the U.S. market has not completely changed from the excitement of the technology stock bubble after the bubble burst, some investors have begun to gradually return to rationality and realize the excessive speculation in technology stocks.

During this period, some well-known technology companies were also affected by the market, and their stock prices experienced significant fluctuations.At the same time, some emerging technology companies also emerged during this period, but their stock prices were also affected by the market.

Some people also say that during this stock market crash, iMusic pumped too much water, causing liquidity problems. Of course, this is just a joke, but from another perspective, it can be seen that its ability to pump water is also very powerful, and even interferes with Arrived at the stock market.

Despite the collapse of technology stock prices, this player is still sought after. At this time, they need more entertainment to divert their sadness.

Because the technology stock bubble has been punctured, many technology stocks seem to have been abandoned. At this time, people feel that these technology stocks have too many bubbles, and the PE has reached 150 times. Then, to return to the normal PE of 20 times, a [-]% discount is needed. That was a disaster.

Theoretically speaking, what they said is not bad. Returning to 20 times PE will indeed require a [-]% discount. This shows how deep the bubble is. Some stocks even fell to dozens of cents.

The stock of one of the companies is rated by movies. I saw that the profitability of this company is very poor, and the PE has reached 800 times. This is really a disaster. The current market value is tens of millions of dollars, and it is still falling. It will be hundreds of dollars in the future. Go in the direction of Wanmei Dao.

Li Bu saw that there must be short sellers here, but this film review company would definitely not be so low, so he started to buy as low as possible. He made hundreds of millions of dollars from this company's stock, so he naturally wanted to buy it now. Back.

The shareholders of MIN Company issued an announcement to buy back shares in order to boost the stock price. However, the more this happened, the more the stock fell, making everyone panic.

The selling became even more intense, and when the market value reached $800 million, it stopped falling.

The board of directors of MIN Company announced that the company has begun delisting because the stock price has been maliciously undervalued.