Chapter 223: Continue selling Liu Clan Group's stock
Yexin, I suggest you also go to Hong Kong for a few days. By the way, I'll also get your US and Hong Kong stock accounts opened. That way, you'll have far fewer worries later." Chen Yang clearly understood Yexin's purpose for visiting late at night, so he laid his cards on the table and didn't want to act as her stock agent anymore.
You little brat, I'm just being talkative—don't be so narrow-minded!" Yexin saw Chen Yang's serious attitude and became unhappy again.
Chen Yang sighed and said, "Yexin, it's not that I'm narrow-minded; it's that you don't trust me completely. Anyone casually voicing an opinion can easily shatter the trust between us. Don't you find this kind of cooperation exhausting?"
I can change that, from now on I'll trust only you—would that be okay?" Yexin also knew she was in the wrong, and her attitude immediately softened.
Chen Yang still insisted on his view. He told Yexin, "You should still open an independent account! From now on, when I buy stocks I'll notify you immediately; when to sell is entirely up to you. That way I'll avoid a lot of trouble, and you won't constantly lose sleep or appetite over stock matters."
All right! When I have time I'll go to Hong Kong to open an account." Yexin also thought Chen Yang made sense. Today the stock of that company plummeted quickly, Chen Yang's phone was off again, which frightened her out of her wits. Unable to bear it, she dragged Shen Anna to Chen Yang's house. If she had her own account, she'd at most earn a little less, without all these worries.
You little brat, you won't be mad at me, will you?
No way!" Chen Yang shook his head and, as an aside, reminded them: "Drive home slowly and watch your safety."
See you at the company tomorrow!
Chen Yang only let out a breath of relief after watching Yexin's and Shen Anna's cars disappear from the windowsill.
He checked his phone and found his message inbox flooded with missed-call alerts. There were also messages from Yexin, Guo Jin, and Su Mingyue, all concerning the stock of that company.
In light of that, his decision to turn off his phone and stop trading stocks was truly wise.
However, Chen Yang still called Su Mingyue to check on her decision.
"Chen Yang, you finally turned your phone on. The stock of that company today was like a roller coaster—I really worried you'd get stuck in it."
Did you sell it?
I sold all my shares when the price started falling, and bought them back when it started rising." Su Mingyue smiled happily. She sold her 103,100 shares of that company at an average price of $12.5, then bought back 135,600 shares at an average price of $0.95.
The stock price rose, leaving her with 32,500 more shares than she started with. This maneuver was practically perfect!
Being able to catch the entry timing is not bad." Chen Yang affirmed Su Mingyue's performance. Although he'd prefer she become an obedient trader, he'd also be happy if she grew into a stock expert with independent thinking.
When should we sell then?" Su Mingyue brought up again the topic Chen Yang most dislikes mentioning.
Don't keep asking about this. I'll naturally let you know when it's time to sell." Chen Yang sighed inwardly; he had ultimately overestimated Su Mingyue.
After hanging up, Chen Yang cleared his phone's message inbox and then continued to keep it off while he slept.
This time he finally got a good night's sleep.
The next morning after waking up, Chen Yang found that Guo Jin had sent him the email via text message. So he drove to a nearby photo studio to get the pictures developed, then returned to the Old Baixing Agricultural Products Trading Company to scan the photos onto his computer, and finally forwarded them to the email address Guo Jin had given him.
The recipient replied to the email shortly after receiving it; what surprised Chen Yang was that the email contained only two simple words: "Thank you!"
Chen Yang marveled at how economical the other party was with words, then began focusing on domestic stocks.
After opening, Liu Clan Group's stock continued to hit the limit up, its price rising to twenty-two yuan and two jiao, with an additional thirty-lot buy order sealing the price.
Chen Yang didn't bother to consider who was placing the buy order; he simply put up a sell order for thirty lots.
No sooner had the trade ended than Qi Yunxiang's phone rang.
Manager Chen, with such a good situation, I thought you weren't going to leave...
Chen Yang also didn't hide his intention to leave the market, saying directly: "I still have a lot of shares; if I have a chance to sell and don't, then when you all want to exit, it won't be easy to get out."
Are you in a hurry?" Qi Yunxiang was more concerned about whether Chen Yang would crash the market. If he did, he'd also have to consider the seriousness of the problem, because once investors' panic is unleashed, the current favorable situation could collapse at any moment.
Don't worry, I won't ruin your livelihood." In fact, Chen Yang had already stopped after eating up the seal order on the trading board, after all he also wanted to maximize his profits.
Then I won't disturb you." Upon hearing that Chen Yang had no intention of rushing to sell, Qi Yunxiang relaxed considerably; of course, he also went ahead and sold ten thousand lots of stock.
Seeing the limit-up board broken, Chen Yang guessed Qi Yunxiang had also withdrawn some funds, but he still made no further moves.
He knew very well that this was when investors' emotions were most unstable. If he again placed a large sell order, it would surely bring out a crowd of followers, and Liu Clan Group's stock would undergo a panic-driven decline.
But if he remained inactive, those who originally wanted to sell would hesitate, worrying they'd sold too early. Even if they wanted to take profits at a good point, they wouldn't go all‑out, so Liu Clan Group's stock would stay high, possibly even sealing the limit again.
And Chen Yang's judgment was spot on; after the morning close, Liu Clan Group's stock indeed returned to the limit‑up level.
Then Yexin came running back again, this time bringing Huang Baiming and Zhao Feiyang along.
Manager Chen, we're partners now—matters need to be discussed first. You can't just sneak off alone like before." Huang Baiming was a little dissatisfied with Chen Yang's unilateral sale of Liu Clan Group's shares, even though the share price wasn't affected. But if Chen Yang liquidated his position and left, they would lose their backbone, and sooner or later the stock would suffer a major crash.
Chen Yang now held only seven million shares of Liu Clan Group's stock, the pressure much reduced. He directly asked Manager Huang: "When do you plan to sell your shares?"
Huang Baiming was momentarily speechless. He naturally wanted to wait for the price to rise a bit more before selling, but the problem was that Chen Yang's successive sell‑offs had left him with no confidence.
Seeing Huang Baiming silent, Chen Yang continued: "My suggestion is that everyone keep only half a position. Earning a little less is better than being unable to escape when the stock pulls back."
Huang Baiming thought it over, found it reasonable, and then asked Chen Yang: "When do you think would be the most suitable time to sell?"
Seeing that Huang Baiming already had the intention to offload, Chen Yang said directly: "My suggestion is to sell a portion before the closing auction today, and another portion before tomorrow's opening."
All right, I'll follow your lead." With a goal in mind, Huang Baiming's mood improved considerably.
Seeing that the atmosphere had relaxed, Chen Yang then told them about a new decision of his own.
End of Chapter
