Reborn as a tycoon in Hong Kong

April 13th.

Today is Haruko Mouri's birthday, but for most people, today is just an ordinary day.

However, for Xiangjiang shareholders who hold Hutchison Whampoa shares, today is a torturous and painful day.

Without any warning, Hutchison Whampoa's stock price continued to fall after the opening of the market this morning. A large number of sell orders appeared on the market, and the funds to buy could not support it at all. There was no decent rebound in the middle.

Originally, as of yesterday's closing, Hutchison Whampoa had fallen to HK$6.15 per share, and its total market value was less than HK$2.5 billion.

When the stock price fell to about HK$6 per share this morning, a large number of bargain hunting funds entered the market, hoping for a rebound. Unfortunately, there was no rebound at all. The bargain hunting funds were buried and became takers, and the stock price continued to fall.

In this process, some of the funds previously bought at the bottom became assistants to the short side, and some people chose to leave the market and sell their stocks. The T+0 model of the Xiangjiang stock market allows for an unlimited number of transactions per day, with continuous buying and selling.

Some people cut their flesh and left the market, while others were so heartbroken that they couldn't breathe because they fell too much, so they decided to take another look and look forward to a rebound.

At the end of the morning session, Hutchison Whampoa's share price fell to HK$5.45, a drop of 11.38% in the morning, directly losing its market value of HK$280 million. Today, Hutchison Whampoa's total market value is less than HK$2.2 billion.

With such a big drop in the morning, the total market value has dropped by nearly 300 million Hong Kong dollars. It is difficult for Hutchison Whampoa's stock price not to attract attention. Many people can't understand why Hutchison Whampoa's stock price has fallen so much.

Ever since Lin Baicheng took over Hutchison Whampoa, Hutchison Whampoa's stock price has been falling continuously, but it usually only drops by one or two points a day, and occasionally it falls by more than three points. The drop is not too big. People can also think that the market is not optimistic about Lin Baicheng, and it is the market's choice.

But with a drop of more than 10% in early trading today, after Lin Baicheng took over Hutchison Whampoa, the company's stock price has dropped by more than 20%. This is already a huge drop for a big guy like Hutchison Whampoa.

When the market opened in the afternoon, more funds entered the market to buy Hutchison Whampoa's shares. The stock price fell slightly and immediately rebounded. This time the stock price finally ushered in a rebound.

HK$5.6 per share, HK$5.7 per share

It keeps rushing upwards, as if it is going to reach 6 Hong Kong dollars per share.

"I knew there would be a rebound, and it was indeed true!"

Looking at the rising stock price, Chen Baocai said proudly to his friend beside him.

A friend gave Chen Baocai a thumbs up: "Brother Bao, you are still awesome and have a good vision!"

At noon, Chen Baocai noticed that Hutchison Whampoa's stock had plummeted. After discovering that the stock had fallen sharply recently, he thought that the stock price would rebound soon, so he decided to enter the market at the bottom.

A few months ago, Chen Baocai made a lot of money by investing in the Wharf stock. After the year, because the performance of each company's annual report last year was quite good, the Hang Seng Index went up, and most stocks rose, so he made another profit. Quite a few.

Nowadays, Chen Baocai's funds have reached 120,000 Hong Kong dollars, which has more than doubled compared with a few months ago. His funds are already large among retail investors.

Most of the stockholders in Hong Kong in this era have only a few thousand Hong Kong dollars in share capital. After all, this is an era when the average monthly salary is only about 500 Hong Kong dollars.

Someone asked: "Brother Bao, it has rebounded by more than six points. Do you think we should sell it?"

"I only bought one-third of the position. Unless the stock rises to near yesterday's closing price today, I am not going to sell it. I am going to hold it for a while and hope for a long-term rebound. As for you, it's up to you. My own position and what I think.”

Chen Baocai told the truth and did not say specifically what should be done. After all, if you say the right thing, you will only get a thank you, but if you say the wrong thing, you will be complained.

When the stock price rebounded to around HK$5.8, it encountered pressure. Every time it exceeded HK$0.01, the stock price had to be refreshed several times. It was obvious that selling pressure began to appear.

Although the stock price is still rising, it has lost its previous momentum.

Chen Baocai has also learned a lot recently, so when he saw this, he said: "Now it is a key level. If it can break through, there will definitely be a big increase. But if it cannot break through, it will be adjusted immediately."

After hearing this, those who decided to take advantage of the situation chose to sell their stocks, but there were also people who chose to hang out with Chen Baocai and hold on for a longer period of time in order to hope for a long-term rebound.

After the market opened in the afternoon, the Qi Dezun family, Bob and others stopped selling stocks for the time being, because the selling pressure was too strong and the stock price was too low, which was not good for them. After all, they still had a lot of stocks that they had not sold.

However, after the stock price rebounded to above HK$5.8, they began to sell the stock slowly, so that the rise in the stock price slowed down.

When the stock price reached HK$5.85, Bob and his colleagues increased their orders to sell stocks and increased shipments. The stock price soon turned into a consolidation and downward trend. They cannot let the stock price rise any further. If it rises again, it will be equivalent to a 10% rebound from the lowest point in the afternoon. At that time, there will definitely be a large number of profit-making orders, which they will not allow.

Therefore, when Bob and others shipped a large amount of goods, the stock price immediately began to plummet. Whether it was bargain hunting or covering up positions, the funds could not handle the selling. In less than ten minutes, the previous rebound was swallowed up, and the stock price continued to fall.

"How could this happen? This is Hutchison Whampoa. It was one of the four major foreign banks in the past. It must have fallen too much, right?"

Looking at the falling stock price, Chen Baocai was very puzzled. Hutchison Whampoa's performance last year was obviously very good, but now it just changed its controller. Even if everyone is not optimistic about Lin Baicheng, the controller, there is no reason why the stock price has fallen so much.

Chen Baocai was wondering if Hutchison Whampoa had some unknown big bad news that retail investors like them didn't know about. Otherwise, why would a large company with a market value of over HK$2 billion have fallen so much?

As time passed, after seeing that Hutchison Whampoa's stock price failed to support HK$5, Chen Baocai gritted his teeth and covered his position of HK$40,000, lowering the cost price to HK$5.23 per share.

Hutchison Whampoa's stock price did not rebound because of Chen Baocai's position replenishment. As of today's close, the stock price closed at HK$4.73, a drop of 23.09% that day, and the trading volume exceeded HK$500 million.

Obviously, judging from Hutchison Whampoa's total market capitalization of more than HK$2.4 billion at yesterday's closing price, today not only a large number of stocks were sold, but also a lot of funds were bought. Otherwise, with such a large trading volume, it would not only be It is so simple to fall by 23.09%, and it is normal to cut in half.