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Chapter 213: The good news is out, let's start selling

~7 min read 1,395 words

After the stock market closed on Friday, Liu Clan Group officially announced that their company's newly developed supercomputer had achieved a major breakthrough in computing speed. At the same time, several new electronic products developed by the company were also about to be launched.

As soon as the news came out, the stock forums erupted in cheers, everyone celebrating the arrival of spring for tech stocks.

"Chen Yang, do you want to team up again and push Liu Clan Group's stock price above thirty?" Yexin hadn't made a big profit on Xingcheng Heavy Industry's stock last time, and she still felt unwilling. Having fortunately laid out a plan early using Liu Clan Group's insider news, she wanted to try the feeling of taking off again.

"Sister Yexin, if you want to play, go discuss it with Qi Yunxiang. I'm not interested anyway." Chen Yang had witnessed their embarrassing experience in the stock market stampede incident last time and didn't want to get into this muddy water.

"You little brat, such a great chance to make big money, why aren't you seizing it properly?" Yexin heard Chen Yang didn't want to join them in jointly pushing up Liu Clan Group's stock price and felt a bit annoyed.

"Big sister, you've already suffered a loss once; don't you have a memory?" Chen Yang said helplessly: "The stock market isn't just a game for a few of us. There are countless competitors. Once the stock price reaches their psychological level, disagreements will arise. As long as the short-side forces outweigh the long-side forces in the disagreement, your plan will definitely fail."

"This time it probably won't." Yexin had also made sufficient preparations, and she continued to persuade Chen Yang: "I conducted a statistical survey on the forum; over fifty percent of the shareholders of this stock have been stuck for more than a year. They definitely also hope the stock price returns to its original level."

Chen Yang asked her: "Did you sign a joint advance-and-retreat contract with them? How do you guarantee they won't cut losses early?"

Yexin fell silent at once.

Chen Yang then said: "The stock market is a game between people; whoever runs fast when making a profit is the winner. You insist on pushing the stock price up; once everyone has run out, who will take over your shares?"

After hearing Chen Yang's explanation, Yexin's heart also wavered: "Then what price are you planning to run away at?"

"On Monday, I'll first assess the situation and sell a bit; the rest we can discuss after the National Day holiday." Chen Yang paused, then reminded Yexin: "If you also want to sell, it's best not to be too hasty. Sell a portion each day, try not to trigger market panic."

"Okay, I know what to do." Yexin, though unwilling, still listened to the advice. After all, Liu Clan Group's two days of limit-up had already let her earn a pot full of money. There's a high chance there will be another limit-up on Monday.

After hanging up, Chen Yang then called Su Mingyue and asked her to book two tickets to Hong Kong for him. He planned to take Lin Wei to Hong Kong for a vacation during the National Day holiday.

After the market opened on Monday, Liu Clan Group's stock went straight to a one-character limit-up.

During the competitive bidding phase, Chen Yang directly sold 30,000 lots of shares at a price of 18.38.

Because he used the Dongjiang Securities account, Qi Yunxiang's side didn't follow suit.

The capital that entered the market, after taking Chen Yang's large order, dared not act impulsively. After the market opened, the locked orders were only a few thousand lots.

Chen Yang considered that Yexin might also want to sell, so he first stopped his actions.

He waited until the order volume was large, then slowly placed small orders.

In one morning, he sold a total of five million shares of Liu Clan Group, recovering 91,777,800.

At lunchtime, Chen Bing suddenly called. He said they were preparing to hold a makeup wedding for Zhong Lin during the National Day holiday, and also celebrate the housewarming of their new home, asking Chen Yang and Lin Wei to definitely come for a meal.

However, Lin Wei suggested Chen Yang not go: "Husband, although Uncle Chen verbally said he cut ties with Chen Bing, he will definitely show up at such an important moment. If he sees us there, he'll surely have nothing nice to say. If you want to have a pleasant holiday, better not go looking for trouble."

"What should we do? They've already sent the invitation; not going would be even more disrespectful." Chen Yang felt a bit embarrassed; Chen Bing had helped him a lot recently. For such an important day, not going would definitely be inappropriate.

"Don't worry, Chen Bing isn't stingy." Lin Wei suddenly thought of something, smiling and saying to Chen Yang: "You can also tell him we're going on a honeymoon!"

"Great idea!" Chen Yang felt this reason was sufficient. He and Lin Wei had gotten their certificate a few months ago, hadn't held a wedding, and hadn't gone on a honeymoon. Taking advantage of the National Day holiday to first have the honeymoon was also a good reason.

So, Chen Yang immediately called Chen Bing back and told him that he and Lin Wei were going to Hong Kong for a honeymoon. He managed to get by.

However, after thinking for a while, Chen Yang also called Shen Anna. He asked her to attend the wedding on his behalf and, incidentally, give Chen Bing a red envelope of ten thousand.

Because if Aunt Chen Chunmei were to give that big red envelope, she would surely be unhappy and would nag for a long time.

Chen Yang certainly didn't want to invite trouble.

After dealing with Chen Bing's matter, Chen Yang continued selling Liu Clan Group's shares in the stock market.

Because of the weekend's major positive news, many investors chose to chase the high of Liu Clan Group's stock today. Chen Yang's small sell orders placed were quickly taken.

By the time the stock market closed, he had sold a total of eight million shares of Liu Clan Group, recovering 149,288,800. Adding the existing funds in the account, the total usable funds amounted to 153,667,400.

With this money, he planned to withdraw part of it. When he went to Hong Kong for vacation, he would open an account there and formally launch an attack on the US and Hong Kong stock markets.

Compared to the T+1 trading system of A-shares, the T+0 trading system of US and Hong Kong stocks is relatively freer. It's also more exciting to play.

Moreover, Chen Yang also remembered that the domestic large portal website Mouyi, listed on the US stock market, is currently at its lowest stock price. If he could seize the opportunity to enter the market at this time, its profits would far exceed his own dealings with various manipulators in the domestic stock market.

Yet Chen Yang's large-scale sell-off was eventually discovered by Qi Yunxiang, who was reviewing the market.

"President Chen, did the outflow of over a hundred million funds from Dongjiang Securities today come from your hand?"

"Hmm!" Chen Yang also didn't intend to hide it, directly confessing: "I plan to take out some funds to invest in the US and Hong Kong stock markets."

Upon hearing Chen Yang wanted to invest in the US and Hong Kong stock markets, Qi Yunxiang sighed with a bit of regret. After all, if Chen Yang invested less in the domestic stock market, their company would earn far fewer commissions.

Moreover, once Chen Yang became addicted to playing in the overseas stock market, he would no longer play in the domestic one, and his investments would lose direction.

"President Chen, do you still play in the domestic stock market?"

"I play, but I'm still figuring out foreign stuff..."

"Then be careful, the US stock market is a T+0 trading system; one slip and you could lose everything." Upon hearing Chen Yang still didn't understand the US stock market situation, Qi Yunxiang immediately stated the problem very seriously, hoping Chen Yang would immediately abandon the idea of entering the US stock market.

As a Reborn Person, Chen Yang was utterly speechless about this.

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End of Chapter

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