Chapter 203: Selling at the Point of Divergence

Chen Yang dumped all 8 million shares of Xingcheng Heavy Industry stock he held at an average price of 18 yuan, and after deducting various fees, he cashed out a total of 14,376,000 yuan.

Since he didn't do a T today, his account total funds increased to 25,492,000 yuan.

"Chen Yang, why didn't you replenish today?" Su Mingyue carried out Chen Yang's order, but she still didn't understand this action.

You should know, Xingcheng Heavy Industry's stock price is still within the ten-day line, and it's even several yuan below the recent high. With funds pouring in from all sides, the price could easily be pushed to a new high.

"I was originally planning to hold Zhang Jun, but the situation changed." Chen Yang couldn't tell Su Mingyue about Luo Zhikai's tip-off, so he explained from market changes: "Did you notice today? Besides the large active funds from East River Securities, Xingcheng Bank's Investment Banking Department also joined in. I suspect the ones deliberately pushing up the stock price today are from Xingcheng Bank."

Su Mingyue frowned slightly and said: "Luo Zhikai promised you they wouldn't interfere, so why did they change their mind?"

Chen Yang said: "Luo Zhikai is just a low-level staff; he can't sway the bigwigs' opinions. Moreover, Zhang Group's interests are now tied to Xingcheng Bank. If Zhang Group's project in International New City fails, Xingcheng Bank will suffer heavy losses. As long as their own interests aren't harmed, they'll definitely help Zhang Jun get out of the stock market. With the bank backing him, we won't get involved."

Su Mingyue thought it over and found some sense in it. However, she still didn't quite understand Zhang Jun's actions: "What is Zhang Jun thinking? Xingcheng Bank went to great lengths to help him get out of his position, yet he turned around and ran back."

Chen Yang laughed: "Zhuo Wenyuan deliberately pushed the stock price to the limit up after Zhang Jun liquidated his holdings, probably to set a trap for him. I didn't expect this fool Zhang Jun to actually fall into it."

"Serves him right, that's karma." Su Mingyue muttered softly; now she dislikes anyone Chen Yang dislikes. "Are we still going in tomorrow?"

Chen Yang said: "Tomorrow's market will probably be lively; let's just watch the show for now. If the price goes down, we can also buy a bit."

Su Mingyue curiously asked: "How can you be sure the price will definitely go down? What if they join forces to push the price up, leaving us empty-handed?"

Faced with this question, Chen Yang replied firmly: "Don't worry, they absolutely cannot unite. The reason is simple: when buying, they might still reach a consensus, but when selling, disagreement is inevitable. After all, everyone is selfish; once they see the price start to rise, each person rushes to maximize their own gain. Thus, if everyone rushes to sell and exit, the price will surely plummet like a breached flood."

Although Chen Yang's analysis was sound and well-founded, Su Mingyue remained half‑believing, half‑doubting. She frowned and objected: "That may be true, but everyone is already very familiar with Xingcheng Heavy Industry's stock; how could they possibly lose their composure so easily?"

Chen Yang reminded her: "Don't forget, this stock just went through a severe stampede incident recently; they'll also worry about history repeating itself."

Su Mingyue fell silent at once. At this moment, she also began to believe that tomorrow's stock would go down.

After hanging up with Su Mingyue, Chen Yang received several more calls. Qi Yunxiang and Yexin were both questioning why he hadn't given advance notice before running off.

In response, Chen Yang's explanation was that Xingcheng Bank had not kept its promise, disrupting his plan. But he also promised to back them up.

With Chen Yang's promise, the night finally calmed down a bit.

After Wednesday's market opened, just as Chen Yang had anticipated, once Xingcheng Heavy Industry's stock gapped up five points, various capitals began to dump their shares.

Within less than ten minutes, the price hit the limit down.

Chen Yang and Su Mingyue, in perfect sync, began placing buy orders at 15.75 yuan, gradually lifting the price. When the price reached 16.6 yuan, they immediately stepped back, letting other investors continue to push it up.

And when the price rose again to 18 yuan, a batch of large sell orders appeared, instantly knocking the price back to its starting point.

After repeating this, over the course of a morning, Chen Yang's two accounts gained another 8 million shares at an average price of 16 yuan. Su Mingyue even used Liu Shijie's account to buy another 2 million shares.

Just as Chen Yang and Su Mingyue were celebrating their successful bottom‑fishing, Xingcheng Bank's side started arguing again.

"Manager Zhang, you sold at 17.2 yesterday, but today at 18 you still haven't made a move—what are you thinking?" The Investment Banking Department manager of Xingcheng Bank was furious. Having missed the best selling opportunity while trying again to help Zhang Jun unwind his position, they watched as all the capital feasted on profits while they could only stare helplessly, feeling extremely frustrated.

"I bought at 19.25 yesterday, and you want me to sell at 18—what kind of joke is this?" Zhang Jun wore a look of resentment. The stock had clearly gapped up five points and was heading for the limit up, yet some clueless meddlers showed up to cause trouble. If he could dive into the computer, he'd really want to go in and punch someone.

"Manager Zhang, your father guaranteed to our bank president that you would sell the shares today, no matter what." The Investment Banking Department manager gave Zhang Jun a frosty reminder.

"No need to remind me. If the afternoon improves, I'll definitely sell." Zhang Jun replied impatiently. Zhang Daguo had given him a death order over the phone last night: no selling means cutting off father‑son ties. So he will certainly sell his shares today. He just hopes to pick the most suitable price to minimize losses as much as possible.

The Investment Banking Department manager again earnestly advised Zhang Jun: "Manager Zhang, today's market sentiment is extremely unstable; I suggest you act early. If the stock falls to the bottom, your losses will only grow larger."

Zhang Jun gave a perfunctory "hmm," outwardly agreeing, but after the market reopened he still stood idle.

Meanwhile, Xingcheng Heavy Industry's stock price kept fluctuating between 17.4 and 17.5, with no change until 2:50 p. m.

Helpless, Zhang Jun could only silently put all his shares up for sale. He finally sold them at an average price of 17 yuan, receiving a total of 73,207,000 yuan.

After two rounds of buying Xingcheng Heavy Industry stock, he lost a total of 26,790,000 yuan. Even after subtracting the profit he made on Little Goose Shares, he still lost over 18 million yuan.

He had originally dreamed of making quick money in the stock market and even set a goal of earning 200 million yuan in a month. Unexpectedly, he not only lost over 18 million yuan, but also dragged his brother Zhang Peng into the loss.

Damn, what bad luck!

But Zhang Jun hadn't even had a chance to vent his frustration when Xingcheng Heavy Industry's stock hit the limit up again during the closing auction...