Reborn Xiangjiang as a Tycoon

Chapter 58 Wharf (4)

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.

"Recently, the stock market has shown signs of improvement 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 carefully observe which stocks you buy."

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

"This year's market has been rising and falling, and there is no profit at all. Now I just rely on the market 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, and studying the stock market every day is work for them. Some of them lost too much capital and had to leave the stock market, while others made a fortune.

Finally, they chose to stop, and new people also came in 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. Usually, no one recommends stocks to others. Because if you recommend a certain stock, you will make the most money.

If I treat you to a meal, I won't give you any money; but if you lose money, you will be blamed 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 phase, which lasts for 15 minutes in total. From 9:15 to 9:20 is the market matching stage, and then rests for ten minutes. When 9:30 minutes arrives, the stock market officially opens.

, enter the 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, but when the market matching time passed and the stock's opening price 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 this is a large amount of money entering the market. This stock will definitely not be lifeless today, 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.

As soon as 9:30 arrives, the stock market officially opens and enters trading time.

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.

"The bulls on Wharf stock look strong today, and I'm ready to add to my position."

Chen Baocai spoke to a few friends, and then went to buy 10 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

13.5 Hong Kong dollars. If the stock price fell back to yesterday's closing price, not only would he not make any money, but he would also lose a lot.

There are many people like Chen Baocai who buy stocks. It is normal to chase the rise and kill the fall. 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, and when the stock price increased by more than 10% compared to yesterday, many investors who bought the stock yesterday or even held it earlier began to be unable to help themselves.

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 exerted their efforts, and they had sufficient funds on hand. Therefore, although the selling price was not small, it was still eaten up by them, and the stock price continued 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 were large funds 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 big funds, some institutional traders, and retail investors who followed the trend and bought, Wharf's stock price continued to rise under the joint efforts of many parties. Although it was hindered 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 was holding stocks with a market value of 10,000 Hong Kong dollars before today's opening, it has now become

It turned into 13,000 Hong Kong dollars, which was a huge profit.

There is no price limit for Hong Kong stock trading, and you can buy and sell an unlimited number of times on the same day. Taking 10,000 Hong Kong dollars as an example, you may make a hundred thousand Hong Kong dollars that day, but you may also lose as little as one thousand 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 sit 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 selling 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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(End of chapter)