Chapter 184, Microsoft goes public
Time, March 1, 1986.
ET, 9:00am.
Location, Washington.
Today's Nasdaq Stock Exchange is particularly lively. Jordan Belford tried to get here today. After all, he is not an employee of any brokerage or investment company, but just an ordinary person who graduated from a dentistry university. He should not be qualified to enter here.
"Hey, hey, man."
He patted a professional investor on the shoulder: "Please let it go, the new stock bidding will begin soon, I have to use a machine."
Of course, what the young man said was an e-bike. The tall and thin Planck frowned, but his eyes swept on Jordan's cheap suit: "A newcomer? Do you know how to use this thing?"
"Oh man, you're really kidding."
Jordan has already seized a favorable position while speaking. After all, today is a special day, with investors guarding bidders everywhere: "This kind of electronic device has been in the exchange for several years, how can I not use it?"
Planck squirmed his lips silently. As an old man who has been in the industry for thirty years, he really wouldn't use such new things, but such embarrassing things must not be exposed in front of a rookie wearing a newcomer outfit.
"You just said that new stock bidding is for..."
"That's right, Microsoft's listing!"
Jordan was very excited to operate the machine. He was ready and was waiting for the bidding time to arrive: "This is an IT company with unlimited potential. My computer at home is just installed on Windows 10. It's so great to use!"
Every word is inseparable from Planck's weakness, and he was a little angry: "Oh silly boy, there is nothing to be excited about. The stock market is not good now. Don't look at Microsoft's issue price of 21 yuan, and the opening price cannot be high."
"Oh sir, this is really hard to say."
Jordan waved his hand smugly. His voice was indeed loud, as he was not tall: "Do you know who my client is? He is the director of the filming of "Terminator", James Cameron! How could the new stocks he saw in his characters, be a money-losing product?"
The name of Cameron really made Planck stunned. "Terminator" is a good movie, and he took the time to watch it himself, and Warner's stock even rose a lot because of it.
But he said: "What's wrong with Cameron? He's just a film director, and stock trading is another field."
As he said that time was almost up, he was busy bidding in front of another machine: "Even if it is a stock in the IT industry, look at me...ibm, my customers have made millions of dollars in its price difference!"
"Of course everyone knows the value of old stocks."
Jordan skillfully operates the machine, customer name, James Cameron, and the investment amount is 100,000 US dollars. After all, the famous director who made a lot of money from "Terminator" has made a lot of money, and he has also bought stocks. Most people want to take out 100,000 yuan in cash and have to borrow all their cars and houses, but he said it was just a try!
"But the growth rate of new stocks is the biggest bet in the world!"
As he said that, he used all the $100,000 from Cameron to buy Microsoft's stock.
At this moment, there are many Wall Street investors paying attention to new stock listings.
There are people who stare at bull stocks like Planck, and there are people who plan to use new stocks to gamble, like Jordan.
Since its establishment in 1971, the Nasdaq Index has been developing for more than ten years and has increased from the initial 100 points to more than 300 points, attracting almost all new technology companies over the years.
Anyone with some vision knows that the development potential of this exchange will be much more than the long-standing New York Stock Exchange.
Time is about to reach 9:30am, which is the opening time.
"It's so pitiful."
In the investment office of Goldman Sachs Bank, a very ordinary trader smiled and said, "Even no one is buying Microsoft stocks, the opening price is falling."
"There is still time to leave the plate!?"
"Eight minutes left, but no one bids at all."
Manager Brond was walking towards him quickly: "Didn't Morgan Stanley not? How far has it fallen?"
"Yes, boss, there are almost no institutions bidding on Microsoft stocks, issue price... Oh my god, it's all falling down a dollar!"
A big news came before the opening. Microsoft stocks with an issue price of up to $21 were opened for less than one dollar because they were unavailable!?”
"Is no one optimistic about this stock?"
Brown touched his chin: "Microsoft's operating system is obviously selling well, because there is the mountain of ibm? It's all the guys who don't see rabbits and don't show off their eagles, those brokerages..."
Suddenly, the kid stared at the computer and shouted: "100,000! There is a single bid of 100,000! Is this going crazy? The initial share of the entire company is only 2 million, and you actually want to buy one tenth at a time!?"
Brond said nothing: "Then let's buy it quickly too! Someone must have realized that this stock is about to soar. What are the customers who may be interested in the Telecommune? "
In fact, the phone call has never stopped from the beginning. Looking at the entire office, there are scenes where traders call customers everywhere, which is even more lively and noisy than Times Square.
As soon as the ringtone rings from 9 o'clock, everyone has to prepare for the opening. At 9:30, it is a real climax. You have to stay busy until the lunch break before you can take a break. It can be said that in this huge market without limit on increasing declines, countless shocking news may be born every day!
"Buy it now... Oh my god, Microsoft's opening price has dropped to eight cents. I guess their boss will be depressed, right?"
"I'll be depressed, but if it rises during the session, it'll be fine. Keep buying, it's so low anyway."
The Nasdaq trading hall is also showing the call bidding process. I don’t know how many people are watching this scene. Since no one buys it, Microsoft stocks with an issue price of $21 have plummeted, and it was not until about eight cents that institutions started buying.
"Did you see it? I just said this stock is not good."
Looking at the crazy momentum of ibm call bidding, Planck smiled proudly and said, "No one bought it at all!"
Jordan didn't say anything, just smiled calmly.
In fact, he has been paying attention to the call bidding and has also noticed that it was after he threw Cameron's 100,000 yuan into that major institutions began to try to buy Microsoft's stocks, but the amount was not very high, and the opening price could be determined.
Then, it's the opening time.
Countless people were staring at the electronic display screen, staring at the stock they liked.
Planck looked proudly at the column of ibm, waiting for the basic fixed income value every day before buying.
Jordan is staring at the new stock issuance area.
9:30am, here.
"It's rising, it's rising, Microsoft's stocks are starting to rise!"
In the bank trading hall, the trader who had just invested a lot of money yelled.
“Initial price, eight cents!”
"The second second of the opening, nine cents!"
"The third second, the third second is ten cents!"
"Third, fifth, seventh second, fourteen cents!"
It cannot be seen how much the amount itself is, but how much the increase is. From the initial eight cents to the current fourteen cents, the net increase is as high as six cents, and the increase is as high as 75%, and this is just...
"Ten seconds!"
"Oh my God, it's going up straight, Microsoft's stock is going up straight!"
It was obvious that the situation was just right. Faced with new stocks, almost all well-known brokerages and investment institutions were waiting and watching. But seeing a 100,000 yuan quota injected, and then the opening rose slightly, a large amount of funds were immediately thrown in!
"How many transactions have you been? Buy it quickly and buy it quickly. Keep an eye on those fools who are eager to sell it, buy it quickly!"
"Tel phone number! Contact all the customers you can contact, and make sure they want to buy this stock!"
"Add 75% in ten seconds! God!"
Not to mention Goldman Sachs, led by Morgan Stanley and Citi, a number of veteran investment banks have dedicated personnel to keep an eye on new stocks. I saw that on the entire Nasdaq market, a green line had almost no inclination. At the height of the tower, it broke through to the point where other new stocks were unattainable!
"Wow! Look, sir, look!"
Jordan stood happily under the display screen, and the beautiful green numbers kept rising like crazy. In just ten minutes, Microsoft's opening price instantly increased from eight cents at the beginning to eighty cents. Ten minutes, it increased tenfold!
"Damn it!"
Planck's face was a little uneasy. He was staring at ibm's stock and also at Microsoft. Of course, the Blue Giant was not frustrated by Microsoft's new stock issuance. On the contrary, since Microsoft released a news release last year that it had started a new cooperation with ibm, when its stock was listed, ibm's stock price was also rising rapidly.
This is a good thing, but it is terrible compared to Microsoft's ten-fold increase in ten minutes, but I don't know how bad it is.
"No, I have to hang up the phone right away. Microsoft's momentum is simply terrible. You must not miss such a good opportunity!"
After realizing the opportunity, Planck went crazy to go to the phone booth.
Almost all American investors hand over their funds to professional investment institutions, and each trader represents them for daily buying and selling. But there are only those on exchanges, and of course all traders in all institutions cannot come to the on-site trading. If you are behind the scenes, you will inevitably have a delay effect of information.
"Sure enough, I should do this when I see the fluctuations in the stock price on the spot!"
Jordan himself was also surprised that Microsoft's roller coaster was a bit too big. From the issue price of $21, no one bidding, but it only opened at 8 cents, which was a matter of more than ten minutes. Then when the market opened, the magical stock rose from 8 cents to 80 cents, which was a tenfold increase, which was more exciting than anything else!
You know, without his 100,000 US dollars, other institutions still don’t know when they will wait and see!
...
Chapter completed!