Extraordinary Genius Chapter 747

Extraordinary Genius

Chapter 747 – Market Opens

This wasthe ceremony whenever a company was newly listed. A representative of thecompany will announce the company’s future plans and their forecast profits.This was to persuade more people to buy the company’s shares.

KamedaMasao was very superst.i.tious and wore a green colored s.h.i.+rt with a greencolored tie. He also had a green color handkerchief in his suit pocket. Many ofthe reporters were also wearing green ties. There was even one reporter with agreen hat.

In the USmarket, green color represents prices going up, and red represents drop.

But inhis previous life, Feng Yu had seen representatives from companies wearing redfrom top to toe before their company was listed. Feng Yu does not care aboutwhat others think, but he felt dizzy looking at them.

It mighteven get delisted!

AfterKameda Masao finishes his speech, he was invited to sound the bell to announcethe opening of the market.

But aftersome special guests sounded the bell, it will be reported on the papers. Thiswas also a form of marketing. From then onwards, many bosses felt it was anhonor to sound the opening bell.

Today’s Nasdaq opening bell ceremony’sspecial guest was Kameda Masao. As usual, Feng Yu refused to be in thelimelight or being reported in the media.

He will be sounding the bell and will beenvied by others.

The bell was sounded. Feng Yu was alsoexcited. This was his first listed company in this life. No. This was his firstlisted company in both his lifetimes. This company must not let him down.

He was brought back to his senses by theapplause, and someone took the hammer from his hand. Kameda Masao took a deepbreath and waited for the initial share prices.

When some big companies got listed, thedelay was longer. Some were even delayed for more than an hour.

Many people were interested in the SixthSense Company as it was the first s.e.x toy company to be listed and Feng Yu hadgotten top tier financial inst.i.tutions to be their market makers to determinethe value of this company.

The market makers could only use thecompany’s past performance and their future earning capabilities as a gauge. Ofcourse, the brand value also played a big part in their considerations.

Kameda Masao was very nervous and kepttalking to the people beside him. He had wanted to go over to Feng Yu there,but when he looked over at Feng Yu, he saw him shaking his head.

Although Feng Yu was calmer than KamedaMasao, the opening price of their company’s shares was still not announced.

Warren Buffett contacted the people atGoldman Sachs. He had a good relations.h.i.+p with the people at Goldman Sachs. Hetold that he wants to buy out all of the Sixth Sense Company’s shares.

There are several types of companies WarrenBuffett would not invest. The first type is the companies that have incrediblyhigh profits. Everyone will be curious why. If the profits are very high, thatmeans the dividends will be high too. Why did he avoid these companies? Theanswer given by him was high profits will attract compet.i.tors. If the companyis not ready for new compet.i.tors, their market share will be s.n.a.t.c.hed away.

Warren Buffett will also avoid high-riskcompanies, companies that monopolized the market, and tech shares. His favoritecompanies are those with long term prospects.

Today, Warren Buffett wanted to buy theSixth Sense Company, and after this news was released by Goldman Sachs, manypeople had more confidence with this company. This also caused the marketmakers couldn’t decide on the opening price as there were more and more bidsfor the shares!