Chapter 16: 015 This Kid Is Truly Getting a Bit Cocky

015 This kid is truly getting a bit cocky.

Of course, it's possible to share the same name; this happens far too often online. Fang Qingye had already seen several people online calling themselves "Donghai Daoke."

Fang Qingye paid no attention, focusing solely on the shishamo in his hand, when he heard Jiang Chen continue: "This invincible beauty claims to have built a mathematical model that calculated a stock named Longping High-Tech would surge."

"It's enough to make one laugh their teeth off; who trades stocks using some mathematical model? Besides, I've been in the stock market for several years; what don't I know? Hearing her talk like that, I knew she was just talking nonsense, so I couldn't help but say a few words to her, advising her not to bother with all that flashy, useless stuff, and to instead observe the market more, combining the stock's fundamentals with various technical indicators."

"Did she listen to you?" Wang Simin asked curiously.

"Of course not; she just went on with her theories. But I have fans in this group; without me needing to say more, they already cursed that person black and blue." At this point, a hint of pride appeared on Jiang Chen's face.

At this moment, Fang Qingye concluded that the invincible young beauty Jiang Chen mentioned was the Dongguan girl.

He didn't expect Jiang Chen to be in this group too?

However, this was a large group with over six hundred members; Fang Qingye had been a permanent lurker and rarely paid attention, so it seemed neither side had noticed the other.

Fang Qingye finished one shishamo and picked up another; he knew Jiang Chen was showing off in front of everyone, boasting about how skilled he was at trading stocks and that he even had fans online, especially since he was currently pursuing Wang Simin.

It was like a peacock spreading its beautiful tail to display its beauty during courtship, and for Jiang Chen, stock trading was that beautiful tail.

As for him mentioning the Dongguan girl, it was merely a way to show off his own level.

This kid is truly getting a bit cocky.

Just then, Song Dahai, who was eating lamb skewers, suddenly blurted out: "Ye Zi, didn't you buy stocks a few days ago? Do you understand this stuff?"

Upon hearing that Fang Qingye traded stocks, Jiang Chen immediately shifted the topic to him: "Fang Qingye, you trade stocks too? Tell us, what stock did you buy?"

Several pairs of eyes turned to look at him.

Fang Qingye finished the last bit of fish meat before slowly replying: "Longping High-Tech."

"What? Longping High-Tech?!" Jiang Chen froze for a moment, then suddenly burst out laughing:

"Fang Qingye, how could you buy that trash stock too? Why didn't you ask me before buying? I could have recommended two stocks to you; which one isn't better than Longping High-Tech?! When did you get in?"

"Last Thursday."

"You're not sunk too deep yet; as soon as the market opens tomorrow morning, hang a lower sell order and cut your losses immediately! Listen to me!"

Fang Qingye, however, looked at him with a smile: "First, Longping High-Tech is absolutely not some trash stock; second, I also believe it will surge."

"You believe? Then let me ask you, did Longping High-Tech rise or fall yesterday?" Jiang Chen countered.

"It fell." Fang Qingye didn't hide it; he was being factual.

"It crashed! It hit the limit down! Yesterday the general market closed in the red, with the vast majority of stocks rising, yet only the agriculture sector continued to trend downward, especially Longping High-Tech... you say it will surge?" At this point, Jiang Chen wore a cold sneer.

"Trading stocks, even short-term operations, isn't about buying today and selling tomorrow, is it? I said it will surge; I didn't say it would surge this Friday!" Fang Qingye laughed.

"Look, Fang Qingye, why are you so stubborn? I told you to cut your losses, and you won't? We are old classmates; I'm doing this for your own good!" Jiang Chen adopted a look of earnest concern.

"Exactly, Fang Qingye, just listen to Jiang Chen, okay? Who can we afford to offend, but not money?" At this time, Wang Simin also advised.

"Mm, exactly; among us, Jiang Chen is the one with experience in stock trading." Shao Jing chimed in.

Fang Qingye, however, shook his head, smiled without speaking, and picked up another shishamo.

Seeing the other party's attitude, Jiang Chen felt somewhat unhappy in his heart.

I'm doing this for your own good, yet you don't even appreciate it!

"Alright, let's not talk about it anymore." Jiang Chen also picked up a lamb skewer, chewed on it for a while, then slowly said: "Some people won't give up until they've beaten their heads bloody; Moscow doesn't believe in tears, and the stock market is the same!"

Throughout the entire process, Qian Xiaoli focused on eating a squid, seeming to have no interest in the topic at all.

Chen Meimei looked at Jiang Chen, then at Fang Qingye, wanting to say something but holding it back.

This was just a small interlude; everyone's topic quickly shifted to other things. After finishing, they cleaned up the tableware and trash, then drove to the Jinghai city center for a stroll. Naturally, the girls were interested in pretty clothes, so they went to places like Wanxiang City and South Main Street.

Fang Qingye had no interest in this; he specifically drove Song Dahai's car to the Xinhua Bookstore in the city center, and sure enough, he didn't find any books on financial mathematics.

It seems I really do need Xia He's help.

After four in the afternoon, everyone drove back to Nanxin County Town.

It was the same arrangement as on the way there: Song Dahai, Fang Qingye, and Chen Meimei in one car.

In the car, the three discussed the argument with Jiang Chen during the barbecue.

"Ye Zi, I think what Jiang Chen said makes sense; after all, he's traded stocks for several years and even made a fortune doing it." Song Dahai reminded.

"What, are you afraid I'll lose money and won't be able to pay back the money I borrowed from you?" Fang Qingye asked, half-joking and half-serious.

"That's not what I mean; if you really lose, you lose; I wouldn't make you pay it back! It's only 200,000..." Song Dahai hurriedly said.

"I just feel that we shouldn't be too stubborn in our actions; knowingly jumping off a cliff isn't worth it!"

"I think buying Longping High-Tech might not result in a loss." Before Fang Qingye could answer, Chen Meimei, sitting in the back row, suddenly blurted out a sentence.

"Why?" Song Dahai asked in surprise.

"Although I haven't invested or traded stocks, I often follow the stock market," Chen Meimei said:

"I've looked at Longping High-Tech's fundamentals; the first-quarter earnings report showed a net profit of over 80 million, which is a very good profit level in the A-share market; this provides a foundation for speculation."

"There are also rumors in the market that Longping High-Tech will issue a high bonus distribution; I think it's true. After the rights adjustment, the stock price will drop, attracting investors. Nowadays, investors prefer buying low-priced stocks rather than high-priced ones; this can increase stock liquidity and prevent it from becoming a dead stock that no one cares about."

"So, I think Longping High-Tech might not surge, but it also won't continue to plummet as Jiang Chen said; it will likely rise a bit."

Chen Meimei concluded.

"Not bad, Chen Meimei, your analysis is very sound... why didn't you say anything during lunch?" Song Dahai asked.

"After all, my analysis is just theoretical; I have no practical experience, so I can't compare to that Jiang Chen," Chen Meimei laughed.

"I think what you said is very good!" Song Dahai replied, then asked Fang Qingye: "Hey, we've said so much; why haven't you said a single word?"

"Say what?" Fang Qingye laughed: "I definitely agree with Chen Meimei's view; otherwise, why would I buy Longping High-Tech? Don't worry, I won't lose your principal, and this time I'll make a huge profit!"

"If you make a profit, you have to treat us to a meal," Song Dahai immediately said.

"No problem."

Upon returning to the county town, everyone went their separate ways home; Fang Qingye got off the car at the entrance of his own teachers' residential compound, while Song Dahai drove Chen Meimei back to the Water Supply Bureau's family courtyard.

The next morning at work, Xia He brought three newly purchased books; Fang Qingye went to her office to pick them up, expressed his gratitude, and paid for the books; Xia He, being polite, accepted them.

Back in his own office, Fang Qingye worked for a while, then took out a book and started reading.

He decided to read "Benchmark Methods in Quantitative Finance" first; the content of this book was more practical, and would solve the immediate problem at hand.

This book used benchmark analysis methods for financial modeling, explaining various quantitative approaches to real-world pricing and hedging of derivatives. Fang Qingye read the contents carefully, and could not help feeling moved.

In his previous life, when he had read this book, he had found it obscure and difficult, often getting a headache from it. But after more than ten years of hands-on practical experience, looking at it again now, he found it much simpler and clearer.

Most of the day passed just like that. Apart from work, Fang Qingye remained immersed in the book. Even when Zhang Qunying, the newly appointed head of the Credit Section, walked past his desk, he did not notice.

Zhang Qunying did not remind him either.

She had already learned from Xia He that Fang Qingye would be going to the General Office after his rotation. Since he would not be her subordinate in the future, there was no need to say more.

Besides, the truth behind the Tenglong Industrial deposit theft case had come to light in a short time, and Fang Qingye had played a decisive role; she was deeply grateful.

Besides, the man wasn't reading an online novel — reading books on finance could also count as studying, right?

Past three in the afternoon, Fang Qingye suddenly received a call from Song Dahai: "Ye Zi, have you logged onto QQ? That kid Jiang Chen is calling you out by name in the group, the grade-wide group."