Chapter 200: Multiple funds enter the market

Luo Zhikai was not angry at Zhang Jun's ungentlemanly behavior. It was just the cost of two cups of coffee, which he could still afford.

Considering Zhang Jun's various unreasonable demands, his departure was actually a relief for Luo Zhikai.

Luo Zhikai thought for a moment, then picked up his phone and called Chen Yang.

"Chen Yang, are you free? I'll treat you to a meal."

"Old Luo, are you in Qingshui City?"

"I'm in Xingcheng. Weren't you starting a business in Xingcheng? Why did you return to Qingshui City?"

"My wife works in Qingshui City; I have to accompany her, don't I?"

"……"

Luo Zhikai thought about Lin Wei, whom he had pursued for four years, now sleeping in Chen Yang's bed, and felt quite depressed.

However, he now understood that forcing things doesn't work. And Chen Yang's current achievements also prove that Lin Wei's choice was correct.

"Chen Yang, when do you plan to treat us old classmates to the wedding wine?"

"It's not decided yet. My wife means to keep it low-key. You probably won't get to drink the wedding wine, but I can send you a packet of wedding candy."

"Chen Yang, you're now a multimillionaire big entrepreneur, yet you won't even treat us to a wedding drink? That's too stingy!"

"Well, then I'll discuss it with my wife later and try to meet your requests."

"Alright, then let's meet again when you return to Xingcheng. I really need to thank you properly for this matter with Zhang Jun."

"It's just a small effort, no need for thanks. You didn't betray me, did you?"

"Chen Yang, your words are too hurtful. I do have professional integrity."

"Alright, it was my mistake. I'll treat you to a drink later to make amends."

"Okay, then see you in Xingcheng."

After hanging up the phone, Luo Zhikai decided to go find their investment banking department manager to chat. Chen Yang aims to snipe Zhang Jun in the stock market; there must be considerable profit in it. If he can profit from it, his standing with the leadership will increase a bit.

As for how Zhang Jun will get out of his predicament, that's not something he needs to worry about. Good advice can't persuade a hopeless case. He had already given the necessary warnings.

The long weekend quickly passed.

After the Monday call auction opened, Xingcheng Heavy Industry's stock hit limit-down again.

This move caused the Xingcheng Heavy Industry stock forum to explode, with everyone cursing the authorities for not doing their job. Despite such obvious malicious short-selling, no one stepped in to stop it.

Yet the stockholders' curses did not stop the decline of Xingcheng Heavy Industry's share price. After the market opened, the price directly fell to fifteen point five.

Chen Yang and Qi Yunxiang both placed a one-million-share limit-down sell order on Sunday night to suppress the stock price. However, during the call auction, he bought back two million shares at an average price of fifteen point five.

He had originally wanted to continue buying, but he didn't expect that many competitors would join the bullish market today, causing the stock to rise quickly. In less than half an hour, it directly hit a limit-up.

At that moment, the Xingcheng Heavy Industry stock forum was filled with joyful voices, everyone praising the authorities for being effective, saying one move had rescued everyone from dire straits.

Chen Yang had previously communicated with Qi Yunxiang that whenever the stock hit limit-up, they would smash the order book. Thus, when the stock price rose to eighteen point three seven, he unhesitatingly placed a sell order for two million shares.

This move immediately pushed the stock price down, and it gradually fell to sixteen point seven.

Chen Yang did not withdraw the order, but continued to slowly add to his position, buying another one million shares at the sixteen point seven price level.

When the stock hit limit-up again, he placed another sell order for two million shares.

After repeating this process, by the close of trading he had sold all eight million shares he held. Besides the one million shares sold at the opening limit-down price of fifteen point zero three, the other seven million shares were sold at an average price of eighteen point three. After deducting costs, he still made a profit of nine hundred forty-two thousand.

While selling his shares, he simultaneously repurchased eight million shares at an average price of seventeen. The account still had usable funds of one hundred eleven million one hundred sixteen thousand.

Actually, Chen Yang originally wanted to buy more shares, but too many competitors entered the market today. He and Qi Yunxiang dumped all their shares, yet the stock still closed at seventeen point five.

Chen Yang reviewed the inflow of funds into Xingcheng Heavy Industry and found that, besides Xingcheng Securities, China Securities and Xingcheng Bank had also joined the buying frenzy. Today's total trading volume approached ten billion.

Chen Yang speculated that the reason Xingcheng Heavy Industry's stock did not close at limit-up was likely because China Securities and Xingcheng Bank also wanted to lower their purchase cost.

Chen Yang first called Yexin.

"Sister Xin, are you guys the ones buying today?"

"Hehe, we bought a total of five million shares. Mainly, this price level is quite suitable for entering the market. Rest assured, before you deal with Zhang Jun, we will absolutely not sell out. As for Zhang Jun's side, I also had Zhuo Wenyuan keep an eye on him. As soon as he places a sell order, I'll immediately inform you."

"Okay, then thanks for your hard work." Chen Yang originally didn't intend to blame them either. After all, few people can resist the temptation of money. As long as Zhuo Wenyuan can keep an eye on Zhang Jun, he has a way to keep the latter's funds stuck in the market, unable to exit.

After hanging up Yexin's call, Chen Yang again contacted Luo Zhikai. "Old Luo, is your bank preparing to help Zhang Jun get out of his predicament?"

"No, we bought shares of Xingcheng Heavy Industry purely as an investment, unrelated to Zhang Jun." Luo Zhikai did not want to be misunderstood by Chen Yang, this future big client, so he immediately distanced himself from Zhang Jun.

Chen Yang immediately breathed a sigh of relief. As long as Xingcheng Bank is not colluding with Zhang Jun, his sniping plan will be much easier.

"Old Luo, could you do me a favor and, before Zhang Jun's funds withdraw, temporarily refrain from selling the shares you hold?"

"Okay. As long as you don't suppress the stock price to an absurdly low level, we can turn a blind eye."

"Rest assured, nobody will quarrel over money. I just want to make him feel uncomfortable, not intending to end up in a lose-lose situation."

"Good, whenever you return to Xingcheng, I'll treat you to a meal."

"Good, then see you in Xingcheng!"

After hanging up Luo Zhikai's phone, Chen Yang also had a rough idea.

He calculated: Yexin, Huang BaiMing, and Zhao Feiyang together bought five million shares; Xingcheng Bank also bought five million shares; Qi Yunxiang bought six million shares; plus his own eight million shares. The total inflow of funds into Xingcheng Heavy Industry today has exceeded four hundred million.

That means, in this stock, Zhang Jun is likely still fighting alone.

This result is very comfortable. As long as Zhang Jun is unwilling to cut his losses, he can keep the stock price low and trap the other side.

For Chen Yang, making Zhang Jun lose money is secondary. The real goal is to lock up his funds. To settle matters with Xingcheng Bank, the Zhang Group surely tapped into its emergency reserves. In this situation, their cash flow will only become tighter.

As long as Zhang Jun's stock funds withdraw one day later, the Zhang Group will suffer one day more.