Reborn Xiangjiang as a Tycoon
Chapter 61 The Wharf Storm VII
Chapter 61 Wharf (7)
"Manager Liu, what do you think?"
In a VIP room of the Hong Kong Stock Exchange, Li Jiacheng looked at the changes in Wharf's stock price on the screen and asked a middle-aged man next to him.
Liu Haoping knew that what Li Jiacheng wanted to ask was the right time, so he replied: "Judging from the shock after the stock price was pulled back, the other party obviously wanted to collect more shares, so he chose to buy when it was low and did not move when it was high.
Let the stock price fall. From this, we can judge that there is a high possibility that the other party wants to acquire Wharf."
"It seems it's still a step too late!"
Li Jiacheng also judged this way, so he was very sorry. With such a rival, it was almost impossible for him to acquire Wharf.
Liu Haobing said: "Mr. Li, if you believe in your own judgment and think that 40 Hong Kong dollars is a reasonable price for Wharf's stock price, then we can completely acquire Wharf's shares now and wait for the takeover war to break out.
rise."
Li Jiacheng nodded when he heard this. Although doing so would definitely offend the party that wanted to acquire Wharf, he didn't even know who the other party was. How could he not make the money because he was worried about offending the other party.
"Originally, I wanted to use the 200 million Hong Kong dollars raised to acquire Wharf's shares, and then seek bank support after the funds were used up. Now it seems that the money can only be used to drive up the stock price and make a little profit."
"Manager Liu, please make arrangements and have the people below start scanning the goods at 3:30 and buy a large amount of Wharf stocks. As long as the price does not exceed 30 Hong Kong dollars, all will be bought. Once the price exceeds 30 Hong Kong dollars, buy at low prices.
The stocks can be sold first.”
"This time we mainly want to make money, so we don't care how many stocks we hold. We will sell them when they reach the corresponding price."
Li Jiacheng is not worried about being trapped, because if a takeover war breaks out, Wharf's stock price will definitely exceed 30 Hong Kong dollars, and even the reasonable stock price of 40 Hong Kong dollars he judged will not stop, and will only go higher.
Li Jiacheng started selling when the stock price exceeded 30 Hong Kong dollars. That was because he was cautious enough and he wanted to use the money to acquire companies he liked rather than making profits in the stock market. The volatility and risks of the stock market are too great.
It’s not that he was optimistic about Wharf and didn’t worry about his funds being trapped, he simply didn’t dare to use so much funds to buy a certain stock.
"Yes, I'll make arrangements right away."
Liu Haobing responded and made arrangements. Since he wanted to buy, he must buy in large quantities in a very short time, not giving retail investors and institutions more time to react, thereby reducing competitors.
In the hall of the exchange, Chen Baocai stared nervously at the changes in Wharf's stock price.
Chen Baocai has been waiting for the stock price to rise sharply. However, after the rebound in the afternoon, the stock price has been fluctuating. After going up to 15 Hong Kong dollars, it quickly fell back. This happened many times. Chen Baocai wanted to sell it several times. In fact, he did not sell it at 15 Hong Kong dollars.
There is no loss, but a small profit.
But when he thought about the fact that the stock price was almost 20 Hong Kong dollars that morning, he didn't sell it at that time. It would be too much of a loss to sell it now, and he felt unwilling to do so.
The only thing that comforts Chen Baocai is that the stock price has not fallen sharply since it rebounded in the afternoon. He does not have to consider whether to cut off the stock because of the sharp drop in the stock price. If the stock price really drops to 12 Hong Kong dollars or even lower, he really will not.
I can guarantee whether I can hold on and whether I will choose to cut my flesh and leave the market.
Time passed slowly, and seeing that there was only about half an hour left before today's closing, Wharf's stock price was still fluctuating in a range, with no sign of a big rise or fall at all.
At this time, some people were worried about falling in the late trading, so they chose to sell the stock, and the stock price tended to fall slightly out of the shock range.
However, just when more people wanted to sell, Wharf's stock price suddenly rose sharply, and then was quickly pulled up in a very short period of time, at an extremely fast rate.
Except for some people who have been waiting for a possible big rise, most people have no time to buy stocks and watch the stock price rise at an extremely fast speed.
When the stock price reached around HK$20, the previous high in the morning, the large number of sell orders that had been set long ago finally curbed the rise, and investors began to react.
However, when the stock price reaches this price and there is pressure from the previous high, there are not many people who dare to jump on the bandwagon and follow the trend.
The price of around 20 Hong Kong dollars only stayed there for two or three minutes. After the resistance level was broken, the stock price was quickly raised again. The main force of this increase was not only Li Jiacheng, but also some institutions who saw the opportunity also participated.
, choose to go long.
"Rise! Rise! Keep rising!"
Looking at the stock price on the screen, Chen Baocai shouted with his face flushed because he was so excited.
However, this time Chen Baocai did not dare to wait for the stock price to rise to the highest price in his mind before selling. When he saw that the stock price reached above 24 Hong Kong dollars and the rising speed began to slow down, he immediately sold the stock at an average price of 24.3 Hong Kong dollars.
Sell 35 lots of stocks at the lowest price.
The cost of 50,000 Hong Kong dollars has now become 85,000 Hong Kong dollars. Although some handling fees have to be deducted, he still made nearly 35,000 Hong Kong dollars. Today can be said to be a bumper day.
After selling the stocks, Chen Baocai did not leave the exchange, but became a pure spectator.
Wharf's stock price did not fall sharply because Chen Baocai sold the stock. It continued to climb and exceeded HK$25 ten minutes before the market closed.
After the stock price broke through the resistance level of HK$25, it had more room to rise, and the selling orders above it also decreased. Therefore, even if Li Jiacheng stopped buying stocks after it was above this price, institutions and some retail investors still
The stock price was pulled up and quickly reached a position of nearly 26 Hong Kong dollars.
It's a pity that when the stock price continued to rise before, Anyuan had already asked the people below to wait. He gave an order and the traders in the four major exchanges began to sell Wharf stocks in large quantities.
25 Hong Kong dollars and 24 Hong Kong dollars. These two prices were broken one after another, and the funds of retail investors and institutions simply could not support the market.
Li Jiacheng's purpose was to raise the stock price. He knew that he could not let the stock price fall sharply, otherwise there would be too many institutions and retail investors following the trend, and it would be impossible for him to hold up the stock price. Therefore, he bought a large amount at the price of HK$23.
, just to support the stock price.
Although the stock price was already below HK$25, Anyuan knew that Lin Baicheng's purpose was to acquire the Wharf company, so the stock price had to be suppressed, so he did not stop his selling action because of the large amount of buying.
Selling orders are surging and buying orders are not small.
Some institutions and retail investors were immediately in a dilemma. Because the closing was approaching, there were differences soon. Some people chose to buy boldly, while others chose to be safe and take sides.
Li Jiacheng has a lot of funds, 200 million Hong Kong dollars, but part of it has been used to raise the stock price, and now his funds are less than 200 million Hong Kong dollars. And he now chooses to sell the tray at a price of 23 Hong Kong dollars. With his current funds
, can only buy about 8 million shares.
Yum Securities already held 17 million shares before today, and with today's large purchases, its holdings have already exceeded 19 million shares, and it owned about 19.5 million shares before the stock price was suppressed.
As a result, as Yum Securities continued to suppress the stock price, Li Jiacheng spent 100 million Hong Kong dollars and found that he still couldn't hold up the market, so he chose to give up.
And with Li Jiacheng, a big fund, giving up, the remaining institutions and retail investors could not stop it, and the stock price soon fell below 20 Hong Kong dollars.
After the stock price fell below 20 Hong Kong dollars, Anyuan has told people below to stop selling unless there are a large number of buy orders. But there are still a lot of buy orders now. Institutions and retail investors are fleeing, and the stock price is like taking laxatives.
Unable to stop, it dropped to HK$15 with only two minutes left before the closing bell.
Anyuan stopped buying stocks at this time, and Li Jiacheng didn't buy either, so the stock price fluctuated slightly and then fell again.
People don't know what will happen to Wharf's stock tomorrow, so many people choose to sell before the market closes. The stock price drops again, to HK$13.3. It's not that the stock price stops falling, but that the stock market closes.
There is no way to fall.
The closing price of Wharf's stock yesterday was HK$13.1, and today it closed at HK$13.3, which is an increase of more than a point.
But Wharf's highest price today was HK$25.88, which was not far from HK$26, but the final closing price was only HK$13.3. It was a complete roller coaster. I don't know how many people were trapped in this stock today.
There must be lucky people like Chen Baocai who pocket money and make money, but the number must be very small, and there will only be more people who lose money.
(Investment and bet, collection recommendation, monthly ticket reward, please support me!)
(End of chapter)
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