1928: The rise of giant merchants

Ye Luo said as he picked up the crumpled briefcase that someone had placed there, then changed his facial expression and walked towards Liu Xuenong.

"From now on, we will communicate in English and learn about farming. You will play my client John, and I will be your stock sales manager. Do you have an English name?" Ye Luo asked.

Liu Xuenong was stunned for a moment and replied in a daze: "Jackie."

"Okay, from now on I am Jack." Ye Luo nodded and patted him.

"Hello, John, how are you today?" Ye Luo made a gesture of knocking on the door, then reached out and shook hands with the somewhat dull Liu Xuenong, "A few weeks ago, you sent a postcard to our company asking about Are there high-quality stocks with great upside but minimal risk? Do you remember this?"

"I seem to have sent something, but I'm not sure." Liu Xuenong replied subconsciously.

These Chinese workers also heard a lot of similar conversations and sales pitches.

After all, the U.S. stock market was extremely hot at this time, and those stock sales managers didn't even spare low-level Chinese workers like them.

"Yeah, man. I came to see you specifically today because just this morning, I just found a very good stock that perfectly meets your expectations. Can you give me a minute to introduce it to you? "Ye Luo continued.

Liu Xuenong shook his head and said, "No, I'm quite busy now."

Everyone's eyes were blazing because they had experienced the scene played by Ye Luo and Liu Xuenong themselves and had seen it many times.

Being bombarded by a constant stream of salespeople can be physically and mentally exhausting, especially if you've been harassed by several before you, and most of them reacted poorly.

Just like Liu Xuenong at this time.

"Okay, okay, listen to me, buddy, this is a high-end technology research and development company called Edwards. Its headquarters is located in the Midwest. You know, there are a large number of military technology companies stationed there, and they want to gain traction there. It's extremely difficult to get land, but do you know how big Edwards' headquarters is there?"

Ye Luo asked him with a smile.

Liu Xuenong asked subconsciously: "How old is it?"

"The size of a hundred football fields." Ye Luo made an exaggerated gesture with his hand, and then continued to smile, "Edward's focuses on the production of a new generation of aircraft engine parts, and has obtained a certificate from the National Patent Office. Once this batch of aircraft engines is put into production, how high do you think its stock will rise?"

"You should know the 20,000 aircraft plan that President Hoover mentioned after taking office, right?"

"I remember, that was something he mentioned in his campaign speech." Liu Xuenong nodded. He was different from other Chinese workers because he had relatively high academic qualifications and knowledge, and was extremely familiar with these high-tech industries and political content.

"Edward's is one of the engine manufacturing companies he appointed." Ye Luo blinked mysteriously.

"Oh my God, it's not one of Ye's investment partners, is it?" Liu Xuenong asked in a low voice, "Second Young Master, do the stocks we hold come from these large companies?"

At this point, Liu Xuenong began to believe it.

Because Ye Luo's acting skills are so realistic.

"But the unit price of such a company's stock must be very expensive." Liu Xuenong couldn't help but ask, "With my financial ability..."

"Man, now I want to tell you the most important thing. The shares of Edwards' headquarters will be listed on Amex outside the New York Stock Exchange. Do you know what the issue price per share is?" Ye Luo asked with a smile.

Liu Xuenong was completely confused.

He knew how to buy and sell stocks, but he lacked professional knowledge about exchanges and the like.

What is AIMEX?

"3 cents per share." Ye Luo pointed out three fingers.

"How is that possible?!" Liu Xuenong couldn't help shouting.

The stocks he was promoted were generally in the range of 15 cents to 35 cents per share, and the minimum purchase threshold was 100 shares.

At this time, 1 dollar is equal to 100 cents. That is to say, if he wants to buy stocks from the stock sales manager, he must pay a minimum cost of 15.15 dollars (including a 1% commission).

This is about seventy or eighty oceans.

For these Chinese workers who do not have stable jobs, it may take them two or three months to earn so much money. Excluding daily expenses, it may take them half a year to save US$15.

Who would be willing to spend half a year’s savings on an illusory dream?

For these people, who are at the bottom and are the largest group in the United States, the minimum threshold for stocks is also out of reach.

Liu Xuenong has always felt that with his knowledge and ability, as long as he has enough principal, he has the opportunity to make a fortune from the stock market.

He has such confidence and arrogance.

This point was also pointed out by Ye Luo.

Liu Xuenong nodded and admitted.

"If it's 3 cents per share, I only need to use one month's savings to reach the minimum threshold. For ordinary American citizens, this may only be their income for three to five days." Liu Xuenong quickly converted and was moved.

"If I tell you that I want you to bet half your life for a chance to become a master, how many of you are willing to stay?" Ye Luo glanced at them.

Everyone bowed their heads and remained silent.

"Then now I say, just one day, just one day. You work here for a day. If you succeed, you stay and make a lot of money. If you fail, you are free to leave. I will not stop you. Of course, if you fail, I won’t give you a commission.” Ye Luo asked them with a smile, “Those who are willing, raise their hands.”

Almost everyone raised their hands without hesitation.

Yes, that's the appeal of penny stocks.

"Is there really a stock that only costs 3 cents per share?" Liu Xuenong couldn't believe it. "If it rises from 3 cents to 5 cents, it can bring nearly 50% profit, and my contribution is just one month's savings. That’s all.”

"Doesn't this sound much simpler than a stock worth 3 dollars rising to 5 dollars?" Ye Luo looked at him, "And it's Edwards. We have a certificate from the patent office and a presidential declaration to pay for it. In the Midwest, There is a base as big as a hundred football fields. Of course, if you want to make it 10,000 football fields, it depends on who your customers are."

"Ah?" Liu Xuenong was stunned for a moment, feeling something was wrong.

"Edward's is indeed a company that deals in aircraft engine spare parts in the Midwest. Naturally, I have never been to their headquarters. From the information provided by the exchange, it seems that everything is available, but I called them. The person who answered the phone was a beautiful girl, and it only took me ten minutes for her to come out and come to me."

Ye Luo smiled and said,

"Then I found out, well, Edwards was right there."

Ye Luo looked at the window, looking down at the blocks of Chinatown.

There is an "Edward's" sign next to a dilapidated garage. If you don't look carefully, it's really hard to find it in the cluttered neighborhood.