Chapter 788 – Comparison
Feng Yu had to analyze 10 companies’ shares. Although Kirilenko had arranged for many people to help him gather information and materials, there was still too much work. Feng Yu knows nothing about these companies before coming to Kirilenko’s office.
Kirilenko’s staff kept passing information to Feng Yu, one after another. Feng Yu’s eyes were glued to the PC monitor, looking at the share prices. Since Nasdaq started online transactions, NYSE also follows. This year was the year when the whole world started online transactions for their stock markets.
There was still a lack of information about the companies. All Feng Yu had was the past opening and closing prices, today’s opening prices, and total volume of shares traded.
All other indicators were not available, and Feng Yu and Kirilenko’s staff had to calculate additional information manually.
Market trading in this era was much more complicated than the future years. There were not enough resources available, and everything had to be manually calculated. That’s why a team is needed for Feng Yu to forecast future trends.
On the other side of the office, the three staff just have to enter the data into the software and gather more information themselves.
Feng Yu stopped working after the market close. During this period, he did not have a single drop of water and didn’t even take a break. All he did was only staring at the monitor and gave instructions to the staff helping him.
Kirilenko had gone to rest on a sofa since the analysis of the 10 companies started. He was holding on to a cup of tea.
“Feng, how is it? Is your analysis completed?” Kirilenko walked over and asked. He had a proud look on his face. The other 3 analysts had completed their predictions using the software easily.
“If there is no important news these few days, then this is my prediction. This should be the trend of these companies’ shares on the coming Monday.” Feng Yu rubbed his temples. It’s been a while since he was so tired.
Feng Yu could only make a general forecast of the coming trend. He was not confident in predicting whether the share prices would go up or down the next day.
Feng Yu’s forecast was based on the government and companies’ news and the market index. He believed that he would not be wrong.
Feng Yu printed his analysis out and compared it to the analysis by the three staff using the software. These three analysts do not know anything about trading. They had only entered the data into the software and use the software to churn out the result. They had never traded before!
Feng Yu looked at the analysis of the first share. The results were almost exactly the same as his. But Feng Yu had the help of nearly a dozen people to achieve the same results.
The second share was also about the same. The difference between Feng Yu’s analysis and the software was 0.2%. The software might even be more accurate than Feng Yu. It might also be possible that both were wrong. These analyses could only predict the general direction and cannot forecast the exact price.
Feng Yu compared both sets of analysis results carefully and then put them aside. Kirilenko picked up one set, and…… he does not understand. He waved one of his brokers over to explain to him.
“Feng, don’t rush. Take a break and have some tea. This tea is bought from India. I heard England’s Queen drinks this. You want to try some snacks? These snacks are only available to England’s royal family.” Kirilenko said.
To Kirilenko, Feng Yu was a workaholic and does not know how to enjoy life. He had made so much money and donated so much away. Kirilenko does not understand what Feng Yu was thinking.
Feng Yu took the cup of tea and finishes in one gulp. After that, he continues to look at the analysis results.
Kirilenko shook his head and extended his hand. One of his followers quickly passes him a cigar. Actually, Kirilenko also wants to look at the results. He wants to know whether Feng Yu’s prediction was the same as his software.
If Feng Yu approved these analysts, then Kirilenko would be assured. Feng Yu could accurately predict the devaluation of Rubles, oil prices, London Gold, etc. in the past. More importantly, his predictions were the opposite of what others think, and he was right. This shows that Feng Yu was a genius in the financial market.
Kirilenko had brought a large amount of cash with him to New York. But until now, he had only asked his men to analyze the market and did not make any significant investment. He did not even buy any tech-stocks.
Kirilenko only wants to know if his analytical software would work in the US stock market. Feng Yu had said before. The current US stock market is the most prosperous in the world. If Kirilenko wants to play with stocks, US is the best place. All of Kirilenko’s brokers also told him the same thing.
Lennon was a famous stockbroker in New York. He was hired by a big boss from Russia. But after he joined, he was not given a chance to handle large amounts of funds.
Today, Lennon saw his boss entering the office with a young man. That young man had instructed a lot of people to gather information and data for him to analyze.
Lennon was not happy. That young man knows about financial trading? Has he graduated from university? He acted like he was a big shot. Most likely, he should have not traded before.
What was that Russian boss thinking? He does not trust my judgment because I did not graduate from University? That young man is only pretending to analyze the market.
Lennon had tried the software before. It was able to give entirely accurate predictions and could compare to an experienced stockbroker.
But now, this young man was trying to compare the results of that software and his own predictions. He was just trying to embarrass himself!
Lennon took a copy of Feng Yu’s analysis and compared it to his own analysis and the results from the software. He was stunned.
Impossible!
How can the results be the same?!
Although Lennon believed he could also achieve this analysis with so many people helping him, how did this young man do it? Lennon was in his forties and had entered the industry for about 20 years. That young man was only in his early twenties. How did he do it?
Lennon did not believe and continued to look at the second company’s analysis. Feng Yu and the software were also about the same.
Feng Yu finished the last comparison. He was excited. This software was very accurate. It was much more accurate than all the market analysis software he used in his previous life. Most importantly, the results were about the same as his analysis. This software can be a reference.
With this software, Feng Yu and two other staff could beat a team of analysts!
Feng Yu put down the last set of data and noticed someone staring at him. He got a shock. Who the f**k is this man? Why does he look like he is going to snatch my data?