Reborn as a tycoon in Hong Kong

As an old stock investor, Chen Baocai would go to the exchange on time every day no matter whether it was windy or rainy.

Today was no exception. Chen Baocai came to the Hong Kong Stock Exchange before the stock market opened and communicated with some friends who also came early in the exchange hall.

"The stock market has shown signs of improvement recently and will definitely rise by the end of the year. I am ready to enter the market with a full position."

"I think so too, but you have to pay close attention to the stocks you buy."

"No, there will still be stocks that fail in the rising market. It is very important to choose the right stocks."

"The market has been going up and down this year, and there is no profit at all. Now I just rely on the price to rise at the end of the year to make some money."

"..."

Chen Baocai and his friends can be said to be professional stock investors. They have some money on hand, and studying the stock market every day is their job. Some of them lost too much capital and had to leave the stock market, some chose to stop after making a lot of money, and there were also new people who entered the market and became their friends.

They are just together to facilitate communication and discuss their own opinions. How to buy stocks is everyone's own business. Generally, no one recommends stocks to others. Because if you recommend a certain stock, if you make a profit, you will be treated to a meal and no money will be given to you; but if you lose money, you will be complained, or even refused, so no one will ask for trouble. .

Time passed slowly during the exchange between Chen Baocai and others, and it came to nine o'clock.

As soon as nine o'clock arrives, the stock market begins to enter the bidding and buying and selling phase, which takes a total of 15 minutes. From 9:15 to 9:20 is the market matching stage, followed by a ten-minute break. When 9:30 minutes arrives, the stock market officially opens and enters trading time.

Excluding pre-market trading hours, the trading hours of the Xiangjiang stock market are from 9:30 am to 12:00 am, with trading starting at 1:00 pm and ending at 4:00 pm.

Generally speaking, unless a certain stock received good or bad news yesterday, or experienced a sharp rise or fall yesterday, the stock will not have much trading volume during the call auction stage, and the rise or fall will not be too large.

Chen Baocai and others did not buy or sell stocks during the call auction stage. However, when the market matching time passed and the opening price of the stock was determined, a stock attracted the attention of Chen Baocai and some people on the exchange.

Wharf's stock opened at HK$13.58 today, an increase of 3.67% from yesterday's closing price of HK$13.1. The trading volume reached more than 4,000 lots. Based on 100 shares per lot, the transaction amount exceeded HK$5 million.

It can be seen from the trading volume of more than 5 million Hong Kong dollars that there is a large amount of money entering the market. Today, this stock will definitely not be lifeless, and the rise and fall will definitely be greater than before, and such a stock is an opportunity for some people.

The reason why Chen Baocai noticed this stock after the bidding stage was over was because he happened to have 1,000 shares of this stock in his hand, and it was impossible for him not to notice it.

At half past nine, the stock market officially opened for trading.

Many people stared at the changes in Wharf's stock price on the lobby screen, wanting to see how the stock would move after the market opened.

Although the Hong Kong Exchange in 1977 did not yet use computers for stock trading, electronic equipment had been introduced because computers were convenient for statistical settlement and the display screens were convenient for investors to check stock price changes.

Under the attention of many interested people, Wharf's stock price continued to rise after the opening, with a large number of buying orders and goods purchases, pushing the stock price to 14 Hong Kong dollars in less than five minutes, an increase of 7%.

By this time, although Wharf's stock price was still rising, it no longer had the momentum it had at the beginning. Selling orders began to increase, and the stock price began to rise slowly in three steps.

"Wharf's bulls are looking strong today and I'm ready to add to my position."

Chen Baocai told a few friends, and then went to buy 10 more lots. In total, he held 20 lots of Wharf stocks. However, the cost price he originally held was HK$12.8, and now the cost price has become HK$13.5. If the stock price falls back to yesterday's closing price, not only will he not make any money, but he will lose a lot.

There are many people like Chen Baocai who buy stocks. It is normal to chase the rise and kill the fall. When seeing the stock price keep going up, it is very normal that some people can't help but enter the market.

However, as Wharf's stock price slowly went up, when the stock price increased by more than 10% compared to yesterday, many investors who bought the stock yesterday or even earlier could not help but put their hands on it. of stocks sold.

However, although the selling volume was not small, both parties, Lin Baicheng and Li Jiacheng, chose to buy the stock.

Lin Baicheng wanted to acquire Wharf, so he asked Anyuan to buy stocks as long as the stock price did not exceed 20 Hong Kong dollars, and try to hold as many shares as possible.

Li Jiacheng is preparing to raise the stock price. He wants to see what another force that acquires Wharf stocks will do, so he is also acquiring stocks.

Both parties are exerting their efforts, and they have sufficient funds on hand. Therefore, although the selling price is not small, it is still eaten up by them, and the stock price continues to be pushed up due to their acquisitions.

When Wharf's stock price reached 15 Hong Kong dollars, the selling orders above began to become scarce. Obviously many people saw that there was a lot of money buying Wharf's stock, and more people chose to hold shares and wait for the price to rise.

At the same time, some institutional traders began to increase their buying volume, hoping to get a piece of the pie.

Two large funds, some institutional traders, and retail investors who followed suit, Wharf's stock price continued to rise under the joint efforts of many parties. Although there were some obstacles in the middle at key price levels such as 15.5 Hong Kong dollars, 16 Hong Kong dollars, and 16.5 Hong Kong dollars, they were all blocked one by one. capture.

When Wharf's stock price exceeded 17 Hong Kong dollars, compared with yesterday's closing price of 13.1 Hong Kong dollars, today's increase has reached 30%. In other words, if someone held stocks with a market value of 10,000 Hong Kong dollars before the market opened today, it has now become 13,000 Hong Kong dollars, making a huge profit.

There is no price limit for trading in Xiangjiang stocks, and you can buy and sell an unlimited number of times on the same day. Taking 10,000 Hong Kong dollars as an example, it is possible to earn 100,000 Hong Kong dollars that day, but it is also possible to lose as little as 1,000 Hong Kong dollars, although both possibilities are very small.

At this price, the profit margin is even greater, and the selling price above is not small.

More importantly, after the stock price reached HK$17, Li Jiacheng stopped buying the stock and chose to wait on the sidelines for the time being.

Lin Baicheng was right that Anyuan could keep buying before the stock price reached 20 Hong Kong dollars, but it did not mean that Anyuan would buy all the way. When he found that there was a huge sell-off after the stock price exceeded 17 Hong Kong dollars, he immediately asked the following of people temporarily stopped buying stocks.

Two large funds stopped buying, and the buying volume of retail investors and some institutions could not break through the upper pressure plate, so the stock price soon turned downward.

Seeing that the stock price was going down, profit-taking orders immediately poured out, accelerating the decline of the stock price. In less than ten minutes, it fell below 15 Hong Kong dollars. However, it soon rebounded in the short term and fluctuated around the price of 15 Hong Kong dollars.

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