Chapter 122: High Position Takeover

"Qi Yunxiang, what do you mean?"

"General Manager Wang, I should be the one asking what you mean? You let me place an order, yet you don't take it."

"What's the rush? I'll first buy some at a low price, then I'll take yours."

"Hehe, General Manager Wang, if you want to do something against the rules, that's your freedom. Our company won't play along with you!"

"Qi Yunxiang, you really won't give any face?"

"General Manager Wang, this isn't about face. If I help you maliciously depress the stock price, and the higher-ups investigate, I'll lose my livelihood."

"Alright! Later you put the stock back up for sale, and I'll take it."

Wang Yichen and Qi Yunxiang agreed on the price for the hanging order transaction, then returned to the large client room. He glanced toward where Chen Yang was, then lowered his voice to instruct Ma Chaoyun on how to buy the stocks that Xingcheng Securities had dumped after the market opened.

At the same time, Chen Yang was also communicating with Yexin about how to respond to the afternoon situation. Yexin's meaning was to let Wang Yichen first take over Xingcheng Securities' stocks, and then report him when he maliciously dumped the market.

Seeing that Yexin and the others had no intention to act, Chen Yang decided to quietly do a T. He saw Wang Yichen storm out in a rage, then return elated, guessing that the other party had certainly reached some kind of agreement with Qi Yunxiang.

Xinfei Technology's stock has already fallen to twenty-eight yuan and five jiao, and with major negative news, it's almost impossible to get out of the position. So Wang Yichen's next move will definitely be to buy high in Xingcheng Heavy Industry. Whether taking over Xingcheng Securities' stocks or luring out other major clients, either could change the morning stalemate.

Chen Yang had Su Mingyue watch the buy order column, calculated the timing, and after the stock market reopened, he first placed a sell order for ten thousand lots at twenty-two yuan three jiao five fen.

After Su Mingyue saw a change in the buy order column, she immediately quoted twenty-two yuan three jiao eight fen, twenty-two yuan three jiao seven fen, twenty-two yuan three jiao six fen… all the way down to twenty-two yuan three jiao.

Chen Yang hesitated not, directly placing a low price after Su Mingyue's quote. He knew Qi Yunxiang would never cooperate with Wang Yichen to smash the board; the only possibility was to legally transfer the shares at a price slightly below the limit-up.

In less than ten minutes, Chen Yang sold one million shares, earning twenty-two million three hundred ten thousand yuan. He still had one million seven hundred seventy-seven thousand seven hundred shares left, and had no intention to move them further.

Because the stock price had already begun to slowly fall in this round of large turnover, dropping from twenty-two yuan three jiao eight fen to twenty-two yuan one jiao. Meanwhile, the sell column still had many large hanging orders, far exceeding those in the buy column.

At this point, placing another sell order would not only be hard to execute, but could also trigger a large-scale panic. Even without Wang Yichen stirring trouble, the stock would directly fall.

Of course, if a significant drop really occurred, Chen Yang wouldn't fear it. He could buy back the sold shares at a low position.

Meanwhile, Ma Chaoyun, who was controlling the purchase of stocks, felt a bit dazed. Because he discovered that the stocks he had bought were already in excess, while the market still had many large hanging orders.

It's obvious that while Qi Yunxiang was dumping shares, other major clients were also secretly selling. At this moment, should he continue to take them, or stop and watch?

"General Manager Wang, what should we do?"

Wang Yichen also sensed something was wrong. He hurriedly called Qi Yunxiang.

"Qi Yunxiang, have you sold all your shares?"

"No, half of them haven't been sold."

"Someone else is also selling; we've overbought on our side."

"Then do you still intend to take them?"

"This..."

Wang Yichen suddenly became torn. The market price has now fallen to twenty-two yuan one jiao, while Qi Yunxiang's hanging orders are all at twenty-two yuan three jiao five fen or higher. He has already pushed the price down; to now take over at a price higher than the market price—wouldn't that be foolish?

"Maybe we should just forget it!"

"Okay!"

After hanging up the phone, Qi Yunxiang immediately gave orders to his subordinates to recall the hanging orders. At the same time, he prepared to do a T at a low position.

After Xingcheng Securities' sell orders were withdrawn, Xingcheng Heavy Industry's stock slowly began to rise again, returning to above twenty-two yuan three jiao.

Now Wang Yichen is even more torn. If he buys more, the stock will surely hit the limit-up. If he doesn't, the ammunition for tomorrow's smash seems insufficient. Judging from the recent trading situation, a volume of two million shares is not enough to cause a significant drop in Xingcheng Heavy Industry's stock price. Apart from a few major clients being stirred to sell a bit, most capital is just watching.

"Old Ma, what do you think?"

Ma Chaoyun also had a headache. Buying would mean all high positions. Even if later they succeeded in dragging Chen Yang down, Wang Yichen would have to pay a greater cost. Wang Yichen is now blinded by hatred and won't think for the time being. Afterward, when he comes to his senses, Ma Chaoyun's good days will be completely over.

"Maybe we should first wait and see, then talk at the close?"

Wang Yichen also had no other option; he could only watch and wait. Then he glanced at Xinfei Technology's dynamics, and his mood instantly plummeted to the bottom.

He tried placing a sell order at the limit-down price, but no one took it. Now his only hope is that a major client wanting to do a T appears soon, or that Xinfei Technology can release some positive news. Otherwise, he will definitely be stuck.

The more Wang Yichen thought, the angrier he became, unable to resist wanting to beat Ma Chaoyun again. The latter seemed to sense danger as well, hastily making an excuse to slip away to urinate.

Meanwhile, Chen Yang, after the stock price rose, sold another seven hundred seventy-seven thousand seven hundred shares at an average price of twenty-two yuan three jiao, recovering 17,350,400 yuan of principal.

Adding the previously sold shares, he recovered a total of 39,666,400 yuan. That means, of his fifty million yuan investment, only 10,333,600 yuan of principal remains in the stocks.

One million shares, when converted to a per-share price, is only ten yuan zero jiao four fen. No matter how Wang Yichen smashes the board, he can remain invincible.

Time slowly passed; ultimately, Xingcheng Heavy Industry's stock closed at twenty-two yuan two jiao. Wang Yichen subsequently bought more shares, bringing his total holdings to three million shares.

Xinfei Technology ended up just like the old bastard—completely unmoving.

"General Manager Wang, you lost—shouldn't you learn to bark like a dog?" Chen Yang saw Wang Yichen and Ma Chaoyun trying to slip away while he wasn't paying attention, and he reminded them with a smiling squint.

"What are you saying? I don't understand at all." Wang Yichen didn't know that Chen Yang had secretly sold many shares, worried about finding trouble with him, he shoved Ma Chaoyun backward and slipped away first.

Ma Chaoyun had leverage in Chen Yang's hands, so he didn't dare run around. He hurriedly gave himself two big slaps. "Chen General, I was wrong; I hope you, as an adult, won't hold a petty person's mistake against me."

Chen Yang glanced at Su Mingyue beside him and asked, "What's your opinion?"

"Let him go." Su Mingyue saw that Ma Chaoyun had already been punished, and she didn't want to pursue it further.

Chen Yang nodded and said to Ma Chaoyun, "I'll retain the lawyer's letter for now. If you behave well in the future, this matter will be dropped. If you continue to ruin people's reputations everywhere, as long as you remain in Dongjiangsheng, I have ways to have you arrested."

"Chen General, rest assured, I will certainly reform and start anew." Ma Chaoyun said this and then hurriedly ran away.

Su Mingyue watched their disappearing backs, suddenly couldn't help laughing. "Chen Yang, you're right—they indeed had no intention of honoring the bet."