Chapter 194: Disgusting Zhuo Wenyuan by copying his homework
After selling 4,000,000 shares of Xingcheng Heavy Industry, Chen Yang's funds amounted to 219,910,000. After paying 1,500,000 in facade fees to Zhao Feiyang, he still had 218,410,000 left.
Besides that, he also had 1,000,000 shares of Xingcheng Heavy Industry bought at an average price of 19 yuan.
These 1,000,000 shares, Chen Yang planned to play a little trick to disgust Zhuo Wenyuan.
This guy copied his homework, and even played tricks to scheme against him. Now he's come again and again to copy homework. If he doesn't charge some mental loss fee, it would show he's too easy to bully.
Chen Yang checked the stock trading situation at Dongjiang Securities; besides his own 1,000,000 shares, there were still over 7,000,000 shares.
That means Zhuo Wenyuan and Zhang Jun hold at least between 6,000,000 and 7,000,000 shares. With such a large amount, it's not easy to dump it all at once.
Moreover, Zhuo Wenyuan's group took over the high-price orders from Chen Yang and Yexin's group, with costs basically around 21 yuan, only five jiao higher than the closing price.
To make a profit, they could only continue to push up the stock price after Thursday's opening.
What Chen Yang needed to do was to make their clever plans come to nothing.
So, at Thursday's collective bidding, Chen Yang directly put all his shares up for sale at the limit-down price of 18.9.
His move caused an uproar at Dongjiang Securities.
"Damn, what's going on? Is something big coming?" Zhang Jun cursed, then looked at Zhuo Wenyuan with a bewildered face. Logically, if Xingcheng Heavy Industry had any major news, as a senior executive of the securities firm Zhuo Wenyuan should have been the first to know. Why wasn't he given any advance warning?
"Don't worry, this is someone testing the market; they will definitely withdraw the order before 9:20." Zhuo Wenyuan didn't need to guess to know it was Chen Yang's doing. In the matter of Xiao'e shares, the other side refrained from causing damage out of respect for Yexin's face. As for Xingcheng Heavy Industry, if he went again to beg Yexin for help, it would be pointless.
Zhuo Wenyuan decided to wait and see Chen Yang's reaction first. Now they have plenty of chips, so they're not afraid of causing trouble.
He wasn't in a hurry, but Zhang Jun was extremely anxious. "Surname Zhuo, you tricked me into investing one hundred million; if we lose money, don't blame me for being rude."
Zhuo Wenyuan ignored him, instead staring fixedly at the computer screen. Was there bad news? Or was Chen Yang deliberately sabotaging? The answer would be clear by 9:20.
At that moment, a buy order for 1,000,000 shares at 18.9 appeared in the buyer's column. Zhuo Wenyuan couldn't help but laugh; he didn't even need to act, as various funds had already stepped up to oppose Chen Yang.
Chen Yang, Chen Yang, your clever plans are likely to come to nothing!
As Zhuo Wenyuan expected, before 9:20, that sell order of 1,000,000 shares at the limit-down price vanished instantly.
However, Chen Yang's move did affect market sentiment. That buyer's column order of 1,000,000 shares was quickly executed. Moreover, someone placed new buy orders, from 18.9, 18.91, 18.92, and so on, up to 19.
Zhuo Wenyuan's cost price was 19, while Zhang Jun and his two brothers' cost price was 21. They certainly wouldn't want to open at such a result.
"Surname Zhuo, quickly think of a way to push up the stock price! If you let those damned bastards continue, we'll all get trapped." Zhang Jun was obviously anxious. He felt the other side seemed to have eyes, clinging on relentlessly.
"General Manager Zhang, don't rush; even if we want to raise the stock price, we must wait for market sentiment to stabilize before acting." Zhuo Wenyuan knew Chen Yang only had 1,000,000 shares as chips, which couldn't stir up big waves. As long as they themselves didn't act rashly, after opening the market sentiment would naturally improve.
Only when investors' sentiment stabilizes can raising the stock price truly be effective.
Seeing Zhuo Wenyuan full of confidence, Zhang Jun decided to temporarily trust him once.
In their agonizing wait, Xingcheng Heavy Industry's stock finally opened low by five points, with a price of only 20.43. This price made Zhang Jun's mood terribly bad.
"Surname Zhuo, what are you still waiting for? Hurry up and raise the price!"
Zhuo Wenyuan was very unhappy inside, but he could only comply. He began directing his subordinates to place buy orders upward from 20.43 one by one. Soon they absorbed 2,000,000 shares worth of chips.
Xingcheng Heavy Industry's stock price quickly rose, climbing from 20.43 to 22.
At that moment, the seller's column suddenly posted a sell order for 1,000,000 shares, instantly breaking the upward momentum of the stock.
"Damn it, here it comes again, truly a lingering evil spirit!" Zhang Jun cursed wildly at the computer screen while pounding the desk hard. He even wished he could dive into the screen and tear apart the troublemaker.
Zhuo Wenyuan sighed, after all the fuss, he ended up doing Chen Yang's work for him.
What's worse, when Chen Yang ran, the short-side funds panicked again, and the stock price fell back to 20.43.
The market sentiment he had stirred up with 2,000,000 shares of funds was easily shattered by Chen Yang's 1,000,000 shares of funds. Just thinking about it is infuriating.
Fortunately, Chen Yang's plague-god chips are finally used up. At least today he can't cause trouble anymore!
Zhuo Wenyuan took a deep breath, then directed his subordinates to continue pushing up the stock price.
Meanwhile, on the other side of Xingcheng, the president of Xingcheng Securities, Qi Yunxiang, was also monitoring the changes in Xingcheng Heavy Industry's stock.
During the morning auction, he immediately noticed movement in Chen Yang's account funds. He then called to inquire about the situation. Upon learning that the other side merely wanted to disgust Zhuo Wenyuan, he breathed a sigh of relief.
During yesterday's active trading phase of Xingcheng Heavy Industry, Qi Yunxiang also bought 2,000,000 shares at an average price of 19. Like Zhuo Wenyuan, he did not want the stock to open low.
However, Chen Yang also told him a piece of information: Zhuo Wenyuan's holdings are at least over 6,000,000 shares, with a cost price above 20.
With this information, Qi Yunxiang became even more composed. When Chen Yang sold his 1,000,000 shares of Xingcheng Heavy Industry at 22, Qi Yunxiang immediately had his subordinates stand ready. As soon as the stock price exceeded 22, they would immediately sell. A profit of 3 yuan was also quite substantial for him.
Thus, every time Zhuo Wenyuan pushed the stock price up to 22, a large number of sell orders would immediately appear, again breaking the upward momentum.
Through such repeated operations, Zhuo Wenyuan ended up with an additional 6,000,000 shares of Xingcheng Heavy Industry. Meanwhile, Xingcheng Heavy Industry's stock price was only slightly better than before—exactly Zhang Jun's cost price of 21!
At this point, Zhang Jun began to panic. He told Zhuo Wenyuan in a commanding tone: "In a moment I'll put all my shares up for sale at 22; you first use the company's funds to take them all over. When the situation stabilizes, you can then sell them slowly."
Zhuo Wenyuan now holds 8,000,000 shares of Xingcheng Heavy Industry, with an average price of 20.12. That means he has already used over 160,000,000 of the company's funds.
At this point, if he were to also take over Zhang Jun's shares at a high price, he wouldn't even need to wait for Zhang Jun to cause trouble; the relevant authorities could take him away to the little black house for tea tonight.
End of Chapter
