Chapter 1075 Disillusionment

At night, in Hong Kong, Li Fangcheng, who was fighting alone again, was sitting in front of his computer with a cigarette in one hand and a glass of wine in the other. However, he no longer had the good fortune of partying and sleeping with prostitutes every night.

He really didn't have the mood or energy. At the same time, he couldn't spend money lavishly like before - because he was not making money every day, but losing money every day.

Although he had prepared for the stock price not to rise in the past few days, he didn't expect that the stock price had been falling in the past few days. As of today, it has fallen below $53. The price when he bought it was already more than $52. Judging from the current stock price, plus various expenses, he is now losing money.

"Damn it," at four o'clock in the evening, when the Nasdaq closed, there was a crisp sound in the study. It was Li Fangcheng who broke a bottle of wine again. It was a common thing these nights.

NetEase's closing price today was only $52.75, which also meant that he had lost at least nearly 5 points now.

Originally, 5 points is not much, but if the base is close to 100 million, it is a loss of nearly 5 million!

Adding the monthly expenses of more than 4 million, the dividends given to Su Weiwen, and his personal expenses in the past few months, the loss is infinitely close to 20 million!

With a "bang", Li Fangcheng kicked the door of the study room open. In the study room, only the monitor that he pushed aside in anger was still flashing with a faint light. There was white gas rising in the darkness, which was the residual smoke from the pile of cigarette butts in the ashtray on the table.

Li Fangcheng, carrying a bottle of wine, stumbled to the bedside, "gulped" and drank a few big mouthfuls from the bottle. After a while of silence, he became excited again. Today is the 28th, no, it is already the early morning of the 29th. NetEase's third-quarter financial report will be released today.

As long as its financial report is released, such a good report card will definitely make the stock price rise.

This time, Li Fangcheng, who had been suffering for so many days, lowered his requirements. He no longer asked for a book profit of more than 50%, nor did he need to recover the previous highest price of 73. As long as the book profit exceeded 20%, no, as long as the stock price rose above 60 US dollars, he would be satisfied and would immediately clear his position.

At this time, he was actually somewhat grateful to Li Jialun. If it was not for the purpose of collecting the dividend he had previously paid to Su Weiwen, he would have sold one-third of his stocks when the stock price was still close to 60 US dollars and cashed out part of it. Now it was not his business whether it was rising or falling.

That cashing out gave him some money in his hands, which could be used to pay the margin. Otherwise, he would have been forced to close his position two days ago.

Everything would be revealed today. Li Fangcheng leaned over and lay on the bed.

…………

At four o'clock in the afternoon, Li Fangcheng woke up in a daze with the alarm ringing. He calmed down and ran into the study. After pressing the power button, the first thing he did was to open the window. There was a strong smell of cigarettes and alcohol inside. After a night of stuffiness, the taste was quite sour.

But a few minutes later, he laughed out loud. NetEase's third-quarter financial report had indeed been released, and the numbers were very gratifying.

Mainly benefiting from the growth of online game business, the total revenue in the third quarter increased by 96.6% year-on-year to RMB 146.3 million (US$17.7 million), an increase of 7.4% over the previous quarter.

Revenue in the third quarter was RMB 121.2 million (US$14.6 million), an increase of 12.7% from RMB 107.5 million (US$13 million) in the previous quarter. The continued growth in revenue and the reduction in sales costs brought the gross profit margin to 82.2%.

Operating profit reached RMB 87.1 million (US$10.5 million), an increase of 11.7% over the previous quarter.

Net profit reached RMB 84.1 million (US$10.2 million), an increase of 11% from RMB 75.8 million (US$9.2 million) in the previous quarter.

Calculated, the net profit per share (American Depositary Receipt) was US$0.33 (basic).

Compared with the previous quarter, the growth of several major data is very impressive!

"That's right!" Li Fangcheng slammed the table heavily.

With such good results, if the stock price does not rise, is there any justice?

He called the housekeeper to clean the villa, and he also hummed a little song and took a hot bath, shaved his beard, and had a haircut. He felt that it was necessary to greet the upcoming good results with a brand new look.

…………

At 9:30 in the evening, Li Fangcheng, who was full of energy and confidence, clicked on the real-time page, but in less than 5 minutes, his face turned pale. What's going on? It doesn't make sense?

At the beginning of the opening, let alone a callback, it unexpectedly opened with a large gap down!

It must be the strategy of the institution, it must be the strategy of the institution, it will rebound soon, it will rebound soon, he encouraged himself like Xianglin Sao.

At 10 o'clock, he received a call from the brokerage, "Give me 5 minutes," he hung up the phone with a "pop", and walked around in the study room panting.

The brokerage informed him that the margin was insufficient again.

Should I make up for it? This is a problem.

If I don't make up for it, I will be forced to close my position and continue to fall, but what if the stock price rises immediately after closing the position? That would be so irritating!

Li Fangcheng, who has recently made up his mind to read a few books, knows that there are many such examples. Many stock traders were forced to close their positions by brokerages because they could not collect the margin in the morning. Who would have thought that in the afternoon, the stock price would rise sharply, and then in the evening, they would help Jingwei to complete her unfinished business and fill the sea with their bodies.

Thinking of this, Li Fangcheng immediately called back, "I will make up for it."

Of all the funds left from the last cashing out, he only had 200,000 left - he now had a special liking for the number of 200,000, and he transferred all the rest. It will rise, it will rise, this is the last test, he encouraged himself!

However, dreams are still very difficult, and reality is too spring. This last test is very difficult and lasts for a long time. It was still falling in the early morning, and there was still no sign of a correction. He received a call from the broker again.

Add more margin? Where does he get the money? However, if he closes the position at this time, what if the stock price rises sharply in the last few hours?

Although there is no such sign now, what if it really happens? Even dreams can sometimes come true like seeing a ghost, not to mention that this is guaranteed by such an excellent transcript.

Li Fangcheng thought nervously for another 5 minutes, "I will reduce my position,"

This reduction was reduced twice.

At three o'clock in the morning, Li Fangcheng, with bloodshot eyes, looked at the stock price trends of several other websites. Sina's stock price fell by more than 2 US dollars, Sohu fell by more than 1 US dollar, and China.com fell by more than 0.41 US dollars..., all green.

"I closed my position," he said dejectedly, covering his eyes.

In less than an hour, he lay on the chair like a dead man, his mind was blank. The consequences were too cruel, he didn't want to think about it, and didn't dare to think about it.

He was also afraid to see the result. Now he was not worried about continuing to fall, but stopping the fall and rising. For him who had already closed his position, that would be the worst.

Fortunately, this time, God gave him a face, and it didn't rise until the closing at four o'clock in the morning.

On this day, although NetEase handed in a beautiful report card, the stock price fell by as much as 23.09% in one day!

"Hahaha," in the study, Li Fangcheng didn't know whether to cry or laugh.

There were still some tears in the corners of his eyes, and Li Fangcheng wiped them away. At this moment, he finally understood why Su Weiwen, an industry insider, was so timid and cautious - because that was a bloody lesson.

"After working hard for half a year, I'm back to the days before liberation, hahaha," Li Fangcheng laughed miserably and fell on the bed.

Strangely enough, he slept soundly after losing everything.

However, on the morning of the 30th, he woke up very early. No, I haven't lost everything. I still have some capital. After closing the position yesterday, there is still a small part of the balance. Besides, there are still 200,000 in the account. Last time, didn't it also turn around when there were only 200,000?

At 11 o'clock in the morning, Li Fangcheng appeared at the Hong Kong-Macao Terminal. After lunch, he entered the Lisboa Hotel. At this time, although he was a little depressed, he was not desperate. Didn't he reach such a situation last time?

Two hours later, on a roadside near Lisboa, Li Fangcheng sat on a bench with dull eyes and lost soul, his mouth kept moving. He looked like some patients in the Sixth Hospital of Peking University. Anyway, pedestrians would avoid him when they saw him.

So, no one could hear him saying, "I shouldn't go to the casino, I should go to the gambling boat."

He naively thought that if he went to the gambling boat again, he would be able to bet successfully like last time and make another 20 or 30 million.

…………

Li Fangcheng woke up again, and it was already noon. He figured out that he was actually at home in the capital. How did I get back? He couldn't remember at all.

He was still dizzy, and he staggered to the living room. The old man was not there. There were a few newspapers scattered on the coffee table. When he saw the headline, he almost vomited blood. I worked hard for half a year in vain, no, I also bought a house in vain, why are you so proud?

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