About the prediction of stocks (1)

Before live in seclusion, YunFeng dabble in stocks and futures. He was invited cooperate with several biggest stockjobber. The predictions of stocks or investment in securities have many times. Below is representational case:

Yantan Orient Electronics is a famous quoted company in Yantai city. The CEO of Yantan Orient Electronics contact a group of officer to speculation the company’s stock wantonly. According to the stat, at least the 70% investors buy this stock in Yantai city. The affect degree is terrible. The top is government dignitary, down to the powerless. If people who buy stock, then they certainly buy the stock of Orient Electronics. The result makes the stock price rise again and again. The stock price achieved to more than $30.

At the beginning of 2000, YunFeng talked about the stock with Bi (some stockjobber sales department manager) and told her, “If you have the stock of Orient Electronics, then you should shoot off speedily. The stock will nose-dive in this year and drop to oddment of share price. The Orient Electronics company will be close down and the CEO will be grasped.” Bi is disbelieved and guesses YunFeng maybe has inside dope. After that, she told several friends and no people believe that.

Final result:

Orient Electronics: three original Senior Officers were trialed.

Nov 29, the dummy property case of Orient Electronics was tried by in yantai City of Shandong Province intermediate People's Court in Changyi city (other place). There are three persons who were trialed. Such as: Yuanbai Sui (original board chairman, original general manager), Feng Gao (original director, original vice president, original directorate secretary), Yue Fang (original financing majordomo, chief accountant)! They were suspected of being involved to provide fake finance report.

Office of the public prosecutor pointed, securities supervision committee of China to survey the Orient Electronics in July 2001. According to check, approve, justice determinant, justice audit and Accounting Evaluation, the Orient Electronics totally falsity increase 17.0475 billion yuan of sales revenue from 1997 to 2001. Nov 8, the Orient Electronics put out Risk Forecast bulletin of performance slide. Its stock price went down continuously and market value shrinks dramatically.

Office of the public prosecutor consider, the Orient Electronics workout fake finance report to provide Public and damage the advantage of investor badly and disarrange normal Order of securities business. Yuanbai Sui, Feng Gao, Yue Fang are governors and at first hand responsibility personnel of company and bear important responsibilities. Their behavior had violated the criminal law.

The court cognizance and find out: April 1997 to June 2001, Yuanbai Sui, Feng Gao, Yue Fang impose to buy 1044 ten thousand’s inside employee stocks and invest 6.8 billion RMB to speculation on stocks chronologically. Then these two income that totally is 17.08 billion RMB. Through nominal sales slip and forge sales contract, they put 15.95 billion RMB of that and calculate to sales revenue, invent achievement and make Orient Electronics become to blue chip since 1997, also practice match and send stock project four times. Implicated parties are original high-level manager of Orient Electronics, from board chairman and general manager to common director, from secretary of board chairman to financial executive. Almost crown each key department, each key station. The population is a dozen men.