Chapter 133: Wang Yichen

Wang Yichen's mindset exploded. On the first day after changing his stock investment advisor, Xingcheng Heavy Industry and New Flying Technology both hit the daily limit up. He was about to turn things around and soar, but his stocks suddenly plummeted like a roller coaster.

General Manager Qi, what's going on with these advisors you recommended? I paid you so much in service fees to have you help me make money, not to watch a dense mass of disgusting green numbers!

General Manager Wang, I remember they advised you yesterday to reduce your position, but you didn't listen!" Qi Yunxiang said helplessly. His team had already analyzed that this influx of outside capital was aggressive and not friendly. They had advised Wang Yichen several times, but he refused to listen, and now he's actually biting back.

Wang Yichen said glumly: "You're professionals! Even if I'm a bit overconfident, couldn't you quietly help me sell off my holdings to lower the risk?"

Qi Yunxiang burst out laughing and crying: "General Manager Wang, you didn't sign an authorization letter, so my staff aren't qualified to operate your stocks. Moreover, investment advisors are in principle not allowed to help clients operate stocks."

Wang Yichen thought back carefully and felt something was off in Qi Yunxiang's words. "No way, previously Ma Chaoyun could freely operate my stocks."

Qi Yunxiang said: "General Manager Wang, I wasn't aware of this, and Ma Chaoyun never reported it to me. If you have any objections to Ma Chaoyun's operations, you can sue him."

Wang Yichen wanted to give Qi Yunxiang a big slap. Although he had indeed signed an irregular stock entrustment agreement with Ma Chaoyun, Qi Yunxiang often saw the other party operating his stocks, turning a blind eye back then, but now he's refusing to acknowledge it!

"General Manager Qi, isn't it a bit much to burn the bridge after crossing the river? I'm your major client!"

Qi Yunxiang sighed helplessly and told Wang Yichen: "General Manager Wang, I've always been looking out for your interests. Yesterday I advised my staff several times to have you reduce your position, but you didn't listen and instead blamed my staff for not illegally selling your stocks. Isn't that a bit excessive? If the stocks rise again, won't you also come after the company for damages?"

Wang Yichen wasn't failing to understand Qi Yunxiang's meaning; he just felt upset seeing his stocks drop, especially since Qi Yunxiang didn't comfort him and maintained a strictly businesslike attitude.

"General Manager Qi, what should we do now? I've invested over a hundred million; even if you can't help me make money, you shouldn't let us lose too much, right?"

Qi Yunxiang asked Wang Yichen: "General Manager Wang, do you mean you want to cut losses quickly?"

Wang Yichen hesitated at once. He currently holds 3 million shares of Xingcheng Heavy Industry at a cost of 22.3 yuan per share, and 1,556,250 shares of New Flying Technology at a cost of 32 yuan per share.

Meanwhile, Xingcheng Heavy Industry's stock price is 20.79 yuan, and New Flying Technology's is 25.61 yuan. If there were a limit‑up rally, selling his Xingcheng Heavy Industry shares would actually not result in a large overall loss.

"General Manager Qi, is there any way to push Xingcheng Heavy Industry up?"

Qi Yunxiang frowned, a bit embarrassed, and said: "There's a lot of strong capital already inside Xingcheng Heavy Industry; if we forcibly push it up, we might end up paving the way for them."

Wang Yichen said: "Doesn't East River Securities also hold a lot of shares? We could team up with them!"

Qi Yunxiang sighed and said: "They've already dumped their Xingcheng Heavy Industry shares yesterday. I advised you to join them in exiting only after seeing they'd all fled."

Wang Yichen's heart skipped a beat, and unwilling to accept it, he asked: "What about Chen Yang? He wouldn't have run away too, would he?"

At this point Qi Yunxiang no longer needed to keep it secret from Wang Yichen. He said directly: "General Manager Chen has already sold off his Xingcheng Heavy Industry and New Flying Technology shares; he's currently in an empty position."

Wang Yichen felt as if he'd fallen into an ice cellar. After fighting it out with Chen Yang and the people from East River Securities for half a day, they all ran off with pockets full of money, leaving him as the lamb awaiting slaughter!

"Sell, dump them all!" Wang Yichen swore, vowing never to trade stocks again.

Qi Yunxiang suggested: "General Manager Wang, although New Flying Technology has released negative news, East River Securities' inventory is larger than ours. If they push the price up, we can take the opportunity to sell a portion. As for Xingcheng Heavy Industry, the funds involved are too complex; just put up a sell order and sell whatever you can today."

Wang Yichen now had no other option; he directly placed a sell order for 500,000 shares of Xingcheng Heavy Industry, then began waiting for East River Securities to lift New Flying Technology's stock price.

He waited and waited, until only ten minutes before market close with no movement from East River Securities. He then gritted his teeth and placed a buy order for 1 million shares of New Flying Technology at 25.61 yuan.

As soon as his buy order went in, the stock price instantly hit a "ground‑to‑sky" limit, jumping from 25.61 yuan to 31.05 yuan.

Wang Yichen's adrenaline surged instantly, but he wasn't greedy. Starting at 30 yuan, he repeatedly placed sell orders for 10,000‑share lots of New Flying Technology, each time lowering the price by 0.1 yuan, until he had listed all the sellable shares—over 1.55 million—on the board. Since he learned to operate a computer, his hand speed had never been this fast.

What annoyed Wang Yichen was that there were even more ruthless people who started placing orders from 28 yuan downward. By the time he wanted to amend his order, there was no time left.

In the end, he not only failed to sell his Xingcheng Heavy Industry and New Flying Technology shares, but he ended up with an extra 1 million shares of New Flying Technology.

The sole consolation was that New Flying Technology closed at 28.5 yuan, and the cost basis of the shares he held also dropped to 29.51 yuan.

But Wang Yichen didn't realize this was only the beginning of his despair. Over the next few days, New Flying Technology's stock kept opening lower. Whenever he tried to raise the price, someone would dump shares at a low price. The price fell from 28.5 to 22 yuan. His holdings not only remained unsold, but increased from 2,556,250 shares to 3.5 million shares. By this point, his total investment cost in New Flying Technology had reached 100 million yuan.

Meanwhile, Xingcheng Heavy Industry's stock was also deliberately suppressed, falling from 20.79 to 18 yuan. He eventually sold his 3 million shares at an average price of 18.5 yuan, directly incurring a loss of 11.4 million yuan.

Faced with this situation, Wang Yichen exploded again, directly beating up the two investment advisors Qi Yunxiang had introduced him to. One advisor had his head split open by a vase Wang Yichen threw out, and he immediately called the police.

While being taken away by the police, Wang Yichen was still fuming, angrily cursing Qi Yunxiang and Xingcheng Securities as fraudsters.

"You, surnamed Qi, just wait—I'll definitely sue you into ruin!"