Chapter 238: Doing a T in US Stocks

After Chen Chunmei and her husband went to the south, Chen Yang had one less worry.

The investigation on Chen Bing's side still hasn't made any progress. Although the suspect who tried to sabotage the cold storage confessed, he didn't implicate Liang Jianfeng.

Under these circumstances, Chen Yang does not want Chen Chunmei and her husband to return to Xingcheng.

To be safe, he also sent Zheng Yun and the others, who had already completed their mission, to the medical university to secretly protect his cousin Zhao Qian's safety.

After returning from the train station, it was already nine o'clock in the evening.

Lin Wei followed Deputy Mayor Xu Li to the county for research, so she is not at home today.

After Chen Yang finished washing up, bored and idle, he opened the computer to check the stock market.

Xingcheng Heavy Industry has been consolidating today, with a trading volume of 300 million, and its share price fell from twenty yuan and one mao to twenty yuan.

The situation of the Liu Clan Group is similar, falling from twenty-one yuan and five mao to twenty-one yuan.

Hearing that Chen Yang had gone back to his hometown and had no time to watch the market, Huang Bai Ming and Zhao Feiyang dared not act rashly.

Regarding this, Chen Yang felt helpless.

They've already been told to copy the homework, yet they still dare not operate—what else can be done?

Moreover, Chen Yang discovered that a certain securities company in the south had bought a large amount of Liu Clan Group's stock.

They didn't push the price up; they must have some other purpose.

As for what that purpose is, Chen Yang couldn't be bothered to guess.

As long as the Liu Clan Group's performance is fine, there won't be any major problems.

Coincidentally, the US stock market had already opened, and he also checked the situation of a certain company. After the earlier surge, this stock's performance over the past two days has been relatively quiet, with its price hovering around 1.65 dollars.

Chen Yang, being idle anyway, started placing sell orders from the price of 1.65 dollars, directly selling twenty million shares of that company at an average price of 1.55 dollars.

This move immediately ignited the bearish market sentiment for that company, as everyone rushed to follow suit and sell their shares.

Soon after, Chen Yang's phone rang.

"Boss Chen, something's wrong with that company's stock—the price plummeted right after opening and is now below one dollar! What should we do?" Guo Jin's voice was urgent; having just seen the opening, he watched his shares slide like a roller coaster, frightening him to the point of almost having a heart attack.

"Don't panic, it's just a technical pullback." Chen Yang said while talking to him and quickly buying up shares.

Upon hearing "technical pullback," Guo Jin immediately thought of a certain famous TV drama from Hong Kong, making his head feel even bigger. He anxiously said to Chen Yang: "Boss Chen, you must have plenty of connections on the mainland; could you inquire whether something has happened inside that company?"

Chen Yang soothed him: "Really, there's nothing wrong. If the stock really crashes, I will fully compensate your losses."

After hearing Chen Yang say that, Guo Jin finally felt a bit relieved. "Boss Chen, how can I be embarrassed? Since you're so confident about this stock, I'm reassured." He then hung up.

But Chen Yang's phone rang again soon.

"You little punk, that company's stock has crashed—come up with a solution fast!" Yexin's voice was even more urgent than Guo Jin's. After all, her stock position is huge; even a one-point drop hurts, let alone a forty percent plunge in an instant. That means her assets shrank by over 110 million in a moment.

"Stay calm, I'm just doing a T; nothing big will happen." Chen Yang continued speaking while buying up shares.

"Holy shit, so it was you kid doing this?" Upon hearing Chen Yang was selling stocks, Yexin's mood relaxed considerably. "Then can I transfer some funds to you now?"

"The funds can only be transferred tomorrow. If I don't immediately push the price up, are you sure you can bear this loss?"

"... Then I want dividends!"

"You're beautiful, so don't dream of being beautiful."

"Hmph, wait until you return to Xingcheng, then I'll deal with you!"

"Then you'll have to wait. As long as Liang Jianfeng hasn't fallen, I have no intention of going over."

"Rest assured, Liang Jianfeng will soon be unable to stay in his position."

"Really? That's great. When I return to Xingcheng, I'll treat you to a meal."

"Just a meal to get rid of me? I've recently taken a liking to a Ferrari sports car—get ready to foot the bill!"

"……"

Chen Yang was speechless. He hasn't even bought a sports car himself, yet Yexin first "extorted" one from him.

However, compared to the profits from the US stock market, a sports car is nothing at all.

In the time it took to talk, he had already bought back the twenty million shares he sold at an average price of 1.55 dollars, and even acquired an additional 1.1 million shares.

At this point, his total holdings of that company's stock in his account reached 93,081,300 shares, landing him on the top-ten shareholders list.

Meanwhile, the bearish sentiment toward that company was dispelled during his rapid buying spree; the price quickly rebounded and finally settled at 1.6 dollars.

At this moment, Chen Yang could actually do another T, but after thinking it over he gave up the idea. After all, following the earlier unexpected event, other investors have become wary; if he sold and couldn't buy back, it would be a loss not worth the gain.

After the stock price rose again, Guo Jin called to thank him: "Boss Chen, thanks for your reminder—today's stock really is a technical pullback. I was just about to sell my shares."

At this point, Chen Yang finally confessed to him: "Actually, I was the one who sold those shares earlier. Later I bought them all back."

"Boss Chen, you're still amazing!" As an old stock trader, Guo Jin naturally knows what a T is. However, such operations are only playable with large capital; for a small investor like him, not being washed out is already a good result.

"Manager Guo, I'm sorry for frightening you."

"It's fine, it's fine—I've traded stocks for many years and have seen plenty of things scarier than today. Since you're the one handling it, I'm reassured."

The two then chatted a bit about setting up a new company in Hong Kong; after confirming Chen Yang would promptly send the documents, Guo Jin hung up.

After finishing his operations on that company's stock, Chen Yang actually had nothing left to do. But after suddenly gaining an extra 1.1 million shares, his excited state hadn't subsided.

So he went to a certain large card-game room in the country and started playing Fight the Landlord with others, playing until dawn.

To avoid being disturbed, he simply turned off his phone and went to sleep.

As a result, after waking up in the afternoon and turning on his device, there was a pile of missed calls and messages.

Among them, the most frequent calls and messages were from Huang Bai Ming.

After reading the messages, Chen Yang learned that the Liu Clan Group's stock had hit the limit down at opening. Huang Bai Ming didn't know how to handle it and kept trying to find a way to contact him.

Chen Yang then checked others' messages and found they were all asking about the Liu Clan Group's stock situation. No need to think—they were surely influenced by Huang Bai Ming. Unable to reach Chen Yang, he could only harass others.

In fact, Chen Yang had already observed the other side's movements the previous night. He had anticipated something might happen, but he didn't expect them to be so greedy as to directly smash the price to the limit down to suck up shares.