Chapter 247: Buying China Software

"Chen Yang, Liang Kuan's stock account has already been frozen, and he has been taken away for investigation. You can return to Xingcheng now." Yexin immediately conveyed the good news to Chen Yang.

"Big sister, I'm not afraid of Liang Kuan, am I? Besides, if the Provincial Securities Supervision Bureau investigates, my little essay will probably be uncovered too. Paying a small fine is nothing, but if I'm sent in for tea, then I'm screwed." Chen Yang has always been wary of Liang Jianfeng; a small-time Liang Kuan he never even noticed.

Moreover, today's limit-down at the market open is directly related to Chen Yang's little essay. If the Provincial Securities Supervision Bureau launches an investigation, he will also be fined.

At this point, it's still safer to stay in Qingshui City.

Yexin comforted Chen Yang, saying: "Don't worry, we didn't buy any Liu Clan Group stock today, so there's no profit-taking. Even if you posted that little essay, what you said is factual. Hasn't Liang Kuan already dumped all his shares?"

"Let's wait until the wind dies down before talking about it!" Chen Yang temporarily had no plan to go to Xingcheng. Liang Kuan was taken away for investigation, and his account funds were frozen again, which will only make Liang Jianfeng even more frenzied. A gentleman does not stand beneath a crumbling wall; Chen Yang is not so foolish as to go offer his head.

Seeing Chen Yang unwilling to return to Xingcheng, Yexin could only fall back and ask: "Then which stock should we buy next?"

Chen Yang glanced at the technology sector and found that China Software's stock movement was quite ordinary. As the leader of the software industry, this stock began to pull back not long after its listing. Today's opening price was only 3.64.

According to Chen Yang's deep memory, this stock will only start to explode after more than a decade.

However, for a stock, whether it can experience explosive growth and when it will explode, the most critical determining factor is the vitality of fund flow.

When a large amount of funds continuously flows into a stock, its price tends to rise rapidly; conversely, the stock will remain sluggish.

The Starlight Financial Investment Company's account currently holds over 500 million in funds, so lifting China Software's stock price is actually quite easy.

Thus, Chen Yang advised Yexin: "Yexin sister, let's buy China Software stock today. You three first accumulate six to eight million shares, then directly push it to the limit-up during the closing stage."

Yexin quickly looked up China Software's stock code, examined it for a moment, and immediately complained: "This stock is total junk—it's only been listed a short while and has already halved. Even though the tech sector is doing well now, it's still half-dead. Can we really buy such a stock?"

Chen Yang sighed; even Yexin, an outsider, is not optimistic about China Software, showing how awkward the stock's current position is.

But it's precisely the stocks that nobody likes that are easier to accumulate shares in, and they also offer more room for hype.

"What's there to fear? Even buying ten million shares would only cost a few tens of millions. We can't possibly lose it all, can we?"

"All right! Then we'll buy China Software stock." Yexin complained, but when it came time to execute the order, she was decisive.

Under the operations of Yexin, Huang Baiming, and Zhao Feiyang, China Software's stock price began to rise slowly, from 3.64 up to 3.82.

At this point, forum users already noticed something odd and began to discuss it heatedly.

"Folks, what's going on? Is China Software about to take off?"

"I don't know; I've held on for months, and it kept falling. Today I just cut my losses, and it rose—what bad luck!"

"Upstairs, I sold today too. My loss isn't big, but seeing the stock rise makes me feel awful. Now I'm hesitating whether to buy back..."

"This stock doesn't follow the market; while tech stocks have gone crazy this month, it's still half-dead. This rally might be bait thrown out by the manipulator, deliberately luring us in to take over. Everyone better not fall for it!"

"Upstairs, better to believe it exists than to doubt it. Since some capital dares to buy China Software stock in large batches, it means there must be good news ahead. Wasn't it the same situation before Liu Clan Group's stock price rebounded earlier?"

"Folks, I just checked—today the biggest inflow of funds is hot money from China Securities. They sold Liu Clan Group stock and moved the funds to China Software. They might be digging a pit for us!"

"Upstairs, you're stupid! Hot money entering the market is itself a signal of a price rise. If you're afraid of being harvested, just run tomorrow."

"Upstairs, they have a fast lane—can we outrun them?"

"Today Liu Clan Group's stock is exactly us running first, then hot money following, right? As long as we work together, there's nothing we can't accomplish."

"I think what the upstairs said makes sense. While the price hasn't peaked yet, I'll first buy a thousand shares to observe. Even if I get stuck, the loss won't be big."

"I'll buy a little too."

"Since nobody's afraid of dying, I'll follow along too."

After the investors' enthusiasm was stirred up, China Software's stock price quickly rose to 4.00, and there were also three million shares of limit orders.

Meanwhile, Yexin and her two companions in this round of sweep-buying had purchased only eight million shares total, at an average price of 3.76.

"Chen Yang, the forum investors say they'll run ahead of us tomorrow. What should we do?" Yexin, upon seeing the investors' sentiment, immediately notified Chen Yang.

"Let's wait and see!" Chen Yang had actually been monitoring the forum dynamics all along; he noticed the investors' mood shifts earlier than Yexin did.

To be honest, he isn't worried at all.

Buying in unison, selling in disagreement. These investors can cooperate to push the price to the limit-up, but they may not choose to sell immediately afterward.

After all, for a limit-up stock, as long as big capital doesn't actively dump it, the probability of a high open the next day is high. Many experienced investors will definitely wait and see first.

Human nature is greedy; as long as some people hold back, others will follow suit and hesitate, making the chance of a collective dump very small.

And the facts turned out just as Chen Yang had anticipated. After Wednesday's market open, only a small fraction of people listed their shares for sale, and the selling price remained the previous day's closing price of 4.00.

Chen Yang guessed these people were likely new investors who bought China Software stock yesterday. If the old shareholders were willing to exit at this price, they would have done so yesterday.

Since many people are watching and few are dumping, Chen Yang decided to add fuel to the fire.

He personally operated the account to start sweep-buying, purchasing two million shares at an average price of 4.20.

Then the stock hit limit-up again, rising to 4.40.

At this point, those who had already sold all their shares began to wildly blast those who had previously been bearish.

Meanwhile, those who chose to stay and watch began to celebrate joyously.