Chapter 201: Any moles?
"Tang Kun, do you think Xingcheng Heavy Industry's stock will still rise tomorrow?" Zhang Jun sought help everywhere to no avail, and finally could only call Tang Kun back to act as his military advisor.
Among their university friends who hung out together, Tang Kun had the best grades. Tang Kun was also the first in the dorm to start trading stocks during college. He could barely be considered a veteran.
Tang Kun rarely got another chance to show off, and he immediately launched into a lengthy discussion. "Xingcheng Heavy Industry's stock price today once fell below the ten-day line. This is actually the best buying opportunity. We can fully take advantage of this bearish sentiment to buy the dip heavily, minimizing costs as much as possible. It's a pity you didn't listen to my advice and add more investment."
"Don't say useless things; if I had money, would I need you to analyze?" Zhang Jun snorted. He naturally wanted to add to his position, but Zhang Daguo not only refused to give money, he also demanded he immediately liquidate, moving all market funds out.
Zhang Jun had originally planned to cut his losses and exit today. He didn't expect a sudden influx of large funds, which gave him hope for a stock rebound. Unfortunately, after a brief limit-up, the stock was smashed down by some clueless fool.
Currently Xingcheng Heavy Industry's stock price is more than three yuan below his cost. If he sold today, he would lose over 16 million yuan.
It's heartbreaking!
So Zhang Jun now only hopes that after Tuesday's opening there will be a limit-up. If he can sell with only a loss of over one yuan, he'll feel a bit better.
Seeing Zhang Jun absolutely refuse to add funds, Tang Kun had to find another way. He pointed to the capital inflow data on the computer and told Zhang Jun: "Did you notice? Nearly half of today's incoming funds come from Dongjiang Securities and Xingcheng Bank. Why not go find Old Luo and the person in charge at Dongjiang Securities, discuss with them, see if we can become allies. As long as they're willing to push the stock up together, we can definitely retreat safely."
Zhang Jun sighed; Dongjiang Securities immediately rejected the idea. Given what he had done to Zhuo Wenyuan, the other side not only couldn't help, they'd likely stab him in the back.
As for Luo Zhikai, he's already issued harsh threats; going back to ask him would be self‑humiliation…
"How about you talk to Old Luo?" Zhang Jun looked at Tang Kun with pleading eyes.
Tang Kun said with some difficulty: "Brother Jun, you know Old Luo's type—snobbish and contemptuous. If you can't handle it, I'm even less useful."
"What do we do then? We can't really sell at 17.5 and take a loss, can we?" Zhang Jun pounded the table, unwilling.
Tang Kun thought and said: "How about letting Uncle Zhang talk to the president of Xingcheng Bank? With your father's standing in the business world, they should give us some face."
Zhang Jun thought this was the only viable option, so he called Zhang Daguo and explained the situation.
Upon hearing that Zhang Daguo was willing to go talk to the Xingcheng Bank president, Zhang Jun let out a long sigh of relief.
That night was destined to keep many people awake.
Early the next morning, Chen Yang suddenly received a text from an unknown number.
"Watch out—Xingcheng Bank is about to make a move!"
Chen Yang immediately dialed that unknown number, hoping to get more details, but the other party hung up directly.
Those who could obtain insider information from Xingcheng Bank were very likely Luo Zhikai. He only dared to use an unknown number to tip me off; this is probably true eight or nine times out of ten.
Chen Yang frowned. Xingcheng Bank holds five million shares; trying to force the price up under his nose would be difficult. But they're a bank with deep pockets—if they spare no expense to push the price up, he'd have no way to stop them.
However, after thinking a while, Chen Yang felt it was unreasonable. If Zhang Jun sold at the current price, he'd lose only over ten million. Adding his earlier profits, it might still be under ten million. Is it worth letting the bank artificially inflate the price for such a loss?
Moreover, Luo Zhikai is just an ordinary bank employee. The fact he got the news shows there's dissent inside Xingcheng Bank—at least some people oppose raising the price to help Zhang Jun unwind.
After realizing this, Chen Yang immediately messaged Su Mingyue, telling her to place her Xingcheng Securities account's stocks at the limit‑up price for sale at 9:20.
Chen Yang also placed his Dongjiang Securities account's stocks, starting from the limit‑up price of 19.25 and then going down in order. This was to prevent Xingcheng Bank and the Zhang Group from having prior communication; they might quietly queue to sell at slightly lower levels, giving him no chance to react.
And just as Chen Yang expected, after the collective bidding began, the buy‑one through buy‑five columns were filled with lots of hands worth of buy orders near the limit‑up price.
But after seeing Chen Yang's sell orders, the other side didn't wait until 9:20 and quickly withdrew their orders.
Chen Yang then withdrew his own sell orders as well, letting the market return to calm. Xingcheng Heavy Industry's stock opened at 17.68 yuan, up just one point.
At that point, Chen Yang decided to stand pat. He also sent another message to Su Mingyue: if the buying‑side market price exceeds 18.5, immediately sell the stocks he holds.
At the same time, Zhang Jun, who had personally rushed to Xingcheng Bank to supervise, saw that the carefully crafted sell‑off strategy of Zhang Daguo and the bank was forcibly broken, and his mindset collapsed instantly.
"Damn it, how did they know we were going to sell at the limit‑up price? The quantity and price are so precisely matched… could there be a mole?"
As soon as Zhang Jun's words left his mouth, the Xingcheng Bank investment‑department manager present turned black‑faced. He said solemnly to Zhang Jun: "Mr. Zhang, what do you mean by that?"
Zhang Jun snorted coldly: "If you don't want to help me push the stock up, just say so—why bother putting on a show?"
The investment‑department manager had acted only under pressure from above. Hearing Zhang Jun's words, he couldn't help but sneer: "Mr. Zhang, if that's how you think, then we have no need to keep working together. You'd better find another expert to help you."
Upon hearing that the other side didn't want to help anymore, Zhang Jun panicked again: "No way, the bank president promised to help me lift the price and sell—you can't go back on your word."
The investment‑department manager sighed and said: "Mr. Zhang, what's the lowest price you can accept?"
Zhang Jun thought a moment and replied: "18.8— that number is auspicious."
The investment‑department manager immediately had people place large buy orders at 18.8, and then used Zhang Jun's account to place large sell orders.
However, as soon as their buy orders were posted, large matching sell orders swarmed out.
In just one minute they absorbed 2 million shares worth of buy orders at 18.8, while Zhang Jun's account sold only 200,000 shares.
At that point, everyone present fell silent. At this rate, Xingcheng Bank would need to buy over fifty million shares to fully unwind Zhang Jun's position. Using the opening price of 17.5 as reference, they'd lose sixty‑five million.
To recover a 16‑million loss, they'd have to pour in 65 million. This is a bit of an insult to the intelligence of the financial elites present!
End of Chapter
