Chapter 239

Chen Yang didn't bother with Liu Clan Group's stock situation. Most of the company's funds were invested in these two stocks: Liu Clan Group and Xingcheng Heavy Industry. The available funds in the account were only 133,550,000.

On Liu Clan Group's trading column, there was a limit order of ten million shares. Even if he poured all the funds in the account into it, he couldn't break the limit-down board.

In this situation, if he wanted to save himself, the only way was to first sell part of Xingcheng Heavy Industry's stock, then use the recovered funds to break Liu Clan Group's limit-down board.

Meanwhile, Xingcheng Heavy Industry's stock price rose from yesterday's closing price of 20.1 to 20.8. Compared to the cost price, there was a profit of 1.96.

Chen Yang, while calling Huang Bai Ming, began to place sell orders for Xingcheng Heavy Industry's stock.

"President Huang, you and President Zhao get ready. After I push Liu Clan Group's stock price up, I will sell our shares above the 20 yuan level."

"President Chen, what if the other side continues to suppress the stock price?"

"Do as I say!"

Chen Yang had no time to explain too much to him. In this game, it's about who has more chips and who has a lower bottom line.

As long as he takes all of the other side's chips, this situation will naturally be broken.

After hanging up, Chen Yang continuously dumped his shares. In just ten minutes he sold 4,600,000 shares of Xingcheng Heavy Industry at an average price of 20 yuan, recovering 91,925,000.

At this point, his available funds had reached 225,475,000 yuan. He could now directly break the Liu Clan Group's limit-down.

Chen Yang hesitated not, directly at 19.35 yuan per share snapped up all the short sellers' buy orders.

Once the limit-down was lifted, the bulls' morale surged instantly. Without Chen Yang needing to keep buying, the price quickly rose, soon exceeding 20 yuan.

Chen Yang had already issued a sell order to Huang Bai Ming, so he didn't call again. He merely watched the trading board silently. Whenever the price dropped below 20 yuan, he placed a support order to steady the price.

About half an hour later, Huang Bai Ming called: "President Chen, we've sold all 8,682,000 shares of Liu Clan Group we held, at an average price of 19.8 yuan."

Chen Yang calculated that Huang Bai Ming's side now had 171,800,000 yuan.

On his side, he bought 10 million shares of Liu Clan Group at 19.35 yuan and another 1 million shares at 19.6 yuan. After fees, he spent 213,112,131 yuan, leaving 12,353,690 yuan.

That is, their available funds still amounted to over 184,153,000 yuan.

"President Huang, you can rest now."

"Won't you push the price up a bit more?" Huang Bai Ming saw the price was still only 20 yuan and felt uneasy.

"No need; today the shorts can't act anymore." Chen Yang had already checked the volume: the shorts' total funds were only 500 million yuan, Huang Bai Ming's side accounted for 171,500,000 yuan, and the limit-down orders he had taken amounted to 193,500,000 yuan. These two sums already made up 73% of the shorts' funds.

This indicates that the opposite side's chips were already emptied after Chen Yang took over; the rest are merely Huang Bai Ming's and retail investors' shares.

Since there are no chips left, the initiative has returned to Chen Yang—what is there to worry about?

Of course, Chen Yang had one thing he couldn't figure out: what was the purpose of the shorts' operation today?

If it were merely to suppress the price to scoop up chips, there'd be no need to place so many short orders at once. Moreover, the other side hadn't made any move to scoop up chips at low levels.

If they were bearish on Liu Clan Group, that would be even stranger. The company had just announced major positive news not long ago, and the market outlook was bright. No sane person would make such a move.

And while Chen Yang was puzzling over this, an office in Shencheng was also having a heated argument.

"Manager Zhong, I told you to reduce the number of tickets, but you wouldn't listen. Now we have no chips left—how can my plan proceed?"

"President Liang, I told you beforehand that there is a lot of capital lurking in Liu Clan Group's shares. If we deliberately suppress the price and cause market panic, it's likely to touch those capitals' interests and provoke public outrage. You wouldn't listen, insisting I do the operation. I had no choice but to use a strong medicine to bluff the opponent. I never expected such a stubborn opponent who directly took all our tickets!"

"You didn't expect that? When you saw the opponent make a move, wouldn't you withdraw the order?"

"President Liang, you should say that with a conscience. Just now you clearly said there was no rush."

"Manager Zhong, when in these past years have you ever listened to my opinion?"

"President Liang, the past is past, today is today. If you hadn't said you wanted to force the head of Liu Clan Group to marry his daughter to you by suppressing the stock price, could I have cooperated?"

"Then you should have cooperated more wisely! Now Liu Clan Group's stock price hasn't been affected, and I've lost 6.6 million. With you handling things like this?"

"President Liang, the stock market is unpredictable; anything can happen. I'm not a god—I can't possibly guarantee no loss, right?"

"Then what should we do now? We need to get some chips again and redeploy. Otherwise, my words would just be fart."

"President Liang, if this troublemaker was invited by Liu Clan Group's chairman as help, rashly re-entering the market would put us in a very passive position!"

"Impossible, the person buying the shares is the China Securities branch in Xingcheng. I've already investigated beforehand; any capital related to Liu Clan Group is no longer in Xingcheng. Moreover, there is no China Securities account."

"President Liang, even if the other side isn't Liu Clan Group's helper, we can't turn back and fight again! Raising the stock price now is just giving others a free ride. We can't be suckers twice in one day, can we?"

"No way, without chips to suppress Liu Clan Group, where can I put my face?"

"President Liang, we agreed beforehand that if we really had to do this, I wouldn't be responsible for the loss!"

"Don't worry, this time I won't blame you. First buy back the shares, then tomorrow release some negative news to go along with smashing the market—I don't believe there'll still be a stubborn fool daring to show up."

"Alright, then I'll wish you in advance to win the beauty."

"Hehe, that's a must. Once I gain control of Liu Clan Group, today's loss won't count for anything!"

Thus, Liu Clan Group's stock suddenly surged rapidly in the closing phase, finally hitting the limit-up.

When the price rose to 23.65 yuan, the already surprised Chen Yang became even more bewildered.

If it weren't for Liu Shijie's sudden phone call, he wouldn't have guessed that he had blundered into actually making another big profit during Liang Kuan's process of suppressing Liu Clan Group's stock.