Chapter 106: Doing T Feels Great
The factory manager of Red Star Food Processing Plant was arrested due to corruption issues, and consequently the factory's acquisition project was also suspended.
Chen Yang learned from Lin Wei that besides the factory manager surnamed Huang, the deputy factory manager and the finance supervisor also had problems, and the investigation might still take some time.
Since the acquisition was put on hold, Chen Yang had Qin Qin and Qian Duo Duo return to Xingcheng first, then had Zhao Xiaoxiao conduct a market survey to tally which processed agricultural products were more popular, as an advance preparation for the industrial restructuring of Red Star Food Processing Plant.
After finishing work arrangements, Chen Yang suddenly found himself idle again. He opened his computer and checked the stock market situation.
Yesterday, Su Mingyue helped him buy 600,000 shares of Xingcheng Heavy Industry at 17.5 yuan per share and 500,000 shares of Cloud City Biotech at 20.5 yuan per share.
Today, Xingcheng Heavy Industry's stock opened at the limit-up of 19.25 yuan, which surprised Chen Yang a little. He checked the news and found no major positive news about Xingcheng Heavy Industry, so he called Yexin.
"Sister Xin, does Xingcheng Heavy Industry have any good news?"
"What are you up to again?"
"Nothing, just curious to ask..."
"No!"
"What do you mean by 'no'?"
"It's just no! Do you have anything else?"
"Oh, then I'm fine. Goodbye!"
Chen Yang directly put up for sale all his 600,000 shares at prices of 19.24, 19.23, and 19.22 yuan respectively.
Then he called Su Mingyue, telling her to watch for the right moment to dump the Xingcheng Heavy Industry shares in Liu Shijie's account.
Chen Yang's orders were quickly filled, and Xingcheng Heavy Industry's stock price also slid quickly due to his operation, dropping from 19.25 yuan to 19 yuan.
At that moment, Yexin's phone call came in.
"Chen Yang, you bastard, was that recent fluctuation in Xingcheng Heavy Industry's stock caused by you?"
"Sister Xin, is selling stocks illegal?"
"It's not illegal, but you should at least give a heads-up!"
"Okay, I'll definitely pay attention next time!"
Chen Yang didn't expect Yexin also to hold shares of Xingcheng Heavy Industry. It seems there are definitely many big players watching this stock, and the price is likely to keep rising back to the limit-up.
However, this is no longer important to him. After selling Xingcheng Heavy Industry, his account gained another 11,522,400 yuan. Subtracting the cost of 10,500,000 yuan, the net profit is 1,022,400 yuan.
With this kind of daily profit, what's the point of selling vegetables!
At that moment, Su Mingyue called.
"Chen Yang, I've only sold half; should I keep selling at this price?"
"Wait a bit, the price will rebound; sell after the halt. Even if there's no chance to go out, it's fine—keep it as a base position."
"Okay. What about Cloud City Biotech?"
"Same thing—sell if there's a high; if no chance, keep it as a base position."
"Okay!"
After hanging up, Chen Yang started checking the situation of Cloud City Biotech's stock. To his surprise, Cloud City Biotech opened down three points today, with the price falling from 20.5 yuan to 19.89 yuan. He looked at the trading volume and saw several large sell orders hanging above, waiting to be taken.
Chen Yang hesitated not, directly swallowing those several sell orders, increasing his total holdings from 500,000 shares to 1,000,000 shares. Meanwhile, Cloud City Biotech's stock price instantly surged, jumping from 19.89 yuan straight to 21 yuan.
Moreover, after Chen Yang held more than 500,000 shares, the stock's cost price dropped from the original 20.5 yuan to 20.2 yuan. He did not rush to sell the 500,000 shares that Su Mingyue helped her establish a position with yesterday, but instead prepared to let the bullet fly a while.
If the stock price continues to rise, he will sell at a high; if it doesn't rise, he will keep holding. When it rises to a suitable level, he will act. This is the benefit of cheating. As a foreknower, he can always remain in an invincible position.
Chen Yang poured himself a cup of plain water, then went to browse Liu Qingqing's 'Qing Net'. Since he launched the rewarded essay contest, the agricultural product orders he received have been increasing. To ensure timely delivery to customers, Shen Anna also specially bought two more small trucks.
Chen Yang came to browse the forum mainly to learn how customers felt after receiving the goods.
"The goods from the Ordinary People's Supermarket arrived, quite fresh, and the price is also cheaper than the market. It was my first time buying vegetables online; I imagined many bad outcomes, but what I received turned out to be a pleasant surprise."
"Not only is the price cheap, the delivery courier is also very enthusiastic. I bought fifty catties of watermelon; my husband wasn't home, and he directly helped carry it up to the seventh floor. I'm truly moved!"
"I heard that the Ordinary People's Supermarket store is about to open; if it's near my home, I will definitely go there often."
"Yesterday, when I went to pick up my child after school, I saw a store with a sign for the Ordinary People's Agricultural Products Supermarket under renovation; I don't know if it's the store of the company that delivers for us. Coordinates: near Longxi Primary School in Jinsha District."
"We also have an Ordinary People's Agricultural Products Supermarket under renovation here; coordinates: near City No. 2 Middle School in the East City District."
"There's also one near the North City District government."
"There's also one near West City Elementary School at the junction of the South City and West City Districts."
……
Chen Yang noticed that many netizens reporting the locations of Ordinary People's Agricultural Products Supermarkets were low-level accounts; he guessed it was probably Zhao Xiaoxiao's doing, because when he previously went to the company meeting, he had seen Zhao Xiaoxiao browsing the forum of 'Qing Net'.
Looking at it this way, everyone at the company is working hard; only he, the boss, is the most idle.
Chen Yang felt a bit sorry, so he called Shen Anna and asked her to treat the company's employees to a hot pot meal, with the bill to be reimbursed personally by him.
Shen Anna was very curious about Chen Yang's behavior.
"Boss, are you frustrated in love, or did you pick up money?"
"Any theories?"
"If it's frustration in love, one would shift attention to other people or things—for example, I now only want to work. Money found is usually for the loser to dispel disaster; if you pick up someone else's discarded misfortune, you definitely have to throw it away right away."
"You're overthinking; I just made a small profit of one million yuan in the stock market and wanted to share the happiness with you."
"I see, then we won't be polite!"
After Chen Yang waited for Shen Anna to hang up and then reopened the stock software, at that moment Xingcheng Heavy Industry's stock hit the limit-up again. There were several large sell orders in between, estimated to be from Yexin and Su Mingyue unloading, but their actions did not affect the stock's upward momentum.
Meanwhile, Cloud City Biotech, after stagnating for a while, began to surge again, rising from 21 yuan to 22.1 yuan. Chen Yang felt he could act, so he sold yesterday's 500,000 shares that had been established at prices of 22.1, 22.0, and 21.9 yuan, reaping 10,988,900 yuan. After deducting the cost of 20.3 yuan, he netted 838,900 yuan.
In other words, today's total income from doing T on the two stocks is 1,861,300 yuan. This feels so great!
End of Chapter
