Chapter 258: The Five-Consecutive-Limit-Up Streak Is Broken

Folks, the hot money from Xingcheng Securities is really fierce! A seal order of 500,000 hands, with over 200 million yuan in funds, was just easily broken open.

Don't even mention it, today really scared the hell out of me. It hit limit-down right at the open, I almost thought I'd be trapped and unable to get out.

Everyone, don't get too excited too soon; we've only just broken the limit-down board, the price hasn't risen much. The hot money from Xingcheng Securities bought a lot of shares yesterday; maybe their purpose in breaking the limit-down was to help themselves offload...

You upstairs, stop talking nonsense. The trading volume is tiny now, just a few hundred hands here and there of sell orders; have you ever seen hot money offload like that?

Everyone, regardless of whether it's an offload, we should still run early! This stock is a bit weird; yesterday it played a limit-down-then-limit-up board, today it's limit-down again. I reckon its time is up.

You upstairs, you're a newbie, right? The hot money from Xingcheng Securities just poured in over 200 million yuan; they'll surely push the price up later. Even if we want to run, we have to wait for them to lift the price first!

You upstairs, aren't you worried that the hot money from Xingcheng Securities is also browsing the forum? The more you think they'll push the price up, the more they'll do the opposite.

What's there to fear? Their family is huge; would they care about this little bit of my money?

You upstairs, that's not right; everyone trades stocks to make money. Isn't the purpose of capital entering the market to harvest our retail investors' money?

..., what should I do? I bought at 5.3, I can't just run away at a loss!

Don't be scared, upstairs; the poor Daoist calculates on his fingers, and today there's still one limit-up board.

..., looks like today really is a bit weird; even Daoists are playing stocks!

You upstairs, this is obviously a fake Daoist, you can believe it. Given the current situation, the chance of a limit-up today is small. Either everyone sticks it out with the capital, or we cut our losses and exit.

You guys go ahead, I'm not leaving anyway.

The forum was buzzing with discussion; Chen Yang browsed around but found nothing. So he called Huang BaiMing, asking the other side to watch the stock market. Then he continued sleeping.

At the same time Chen Yang was sleeping, in a major client room of a certain securities company in Modu, several suited men were intently watching the trading trend of China Software.

General Manager Ding, after they opened the limit-down board they stopped operating—what exactly is their intention?

General Manager Wang, don't rush. They're definitely waiting for us to dump the remaining 100,000 hands of chips. Then they can continue to push the price up and offload.

How long do we have to wait? If they don't move before the afternoon close, I don't have that patience to wait!

General Manager Wang, the purpose of capital is to seek profit. Having taken on so many chips, they cannot possibly not push the price up.

General Manager Ding, I also believe they'll push the price up and offload. The problem is I can't wait; before the close these stocks all need to be liquidated.

General Manager Wang, are you facing some difficulty? Speak up, brothers, we can also give you some counsel.

Sorry, it's an internal family matter, not convenient to tell you. After we get past this hurdle, I'll treat you guys to drinks.

General Manager Ding, why don't your securities company first take General Manager Wang's shares? The hot money from Xingcheng Securities has poured in huge funds; they'll surely push the price up later. This is a sure-profit, no-loss deal!

..., to be frank, our company isn't very optimistic about China Software's future prospects. This stock has been stuck with General Manager Wang for several months, and even after five consecutive limit-up boards it hasn't broken even. We don't want to repeat the same mistake.

General Manager Ding, that's pointless. If you're not optimistic about China Software's prospects, why are you stopping me from continuing to offload?

General Manager Wang, I just want to help you recoup a bit more. If we wait for them to hit a limit-up before selling, we could earn an extra 1,160,000 in profit. Doesn't that move anyone here?

General Manager Wang, why not listen to General Manager Ding and wait until this afternoon to speak? Even if they only push the price up halfway, there would still be over 5 million in profit!

..., fine, then I'll wait a bit more!

Four hours later,

General Manager Ding, there's only half an hour left before the close, they clearly have no intention to push the price up—what should we do?

General Manager Wang, let's wait a bit longer! Maybe they're like yesterday, planning a surprise before the closing auction.

2:50 PM,

General Manager Ding, only ten minutes left until the close, they still haven't reacted. What should we do?

..., General Manager Wang, these bastards are too patient—don't wait anymore. Just sell!

3:00 PM,

General Manager Ding, I said this money is urgently needed, yet you forced me to wait. Now look, I haven't sold a single share. Are you deliberately messing with me?

General Manager Wang, your comment is pointless. I haven't tied your hands to stop you from selling; I merely suggested you maximize your gains. If they don't fall for it, there's nothing I can do.

General Manager Ding, cut the crap—I sold early. Now my funds are trapped and I can't get out; this loss is on you to bear!

General Manager Wang, your comment is pointless. By not acting, you're implicitly agreeing to earn those several million in profit; thus you must bear the corresponding risk.

You Ding, I previously followed your advice and got into this China Software trap. Now I finally have a chance to get out, and you're causing trouble again. Do you deliberately not want me to do well?

General Manager Wang, the stock market inherently carries risk. When I recommended this stock to you, I also clearly disclosed the risk. Since you willingly bought this stock, you implicitly accepted the corresponding risk. So now pushing the blame onto me—isn't that a bit unreasonable?

Unreasonable? Then I'll show you unreasonable!

Ouch……, you really laid hands on me, damn it! Security, security! Someone's causing a ruckus, come quick!!! Ouch…… don't hit the face……

Xingcheng,

Chen Yang was already awakened by a phone call in his sleep at 2:51 PM.

Huang BaiMing's voice was urgent. 'General Manager Chen, the stock hit limit-down again. This time it's a seal order of 100,000 hands! Should we buy or not?'

What the hell, buying now! At this time, with just a few of us, how could we quickly whip up another limit-down-then-limit-up board? Wait till tomorrow!" Chen Yang was also a bit annoyed. He hadn't expected the other side to launch a surprise before the close, giving no time to react.

But this is also good. After the five-consecutive-limit-up streak breaks, retail investors' chasing enthusiasm will drop a lot. Except for greedy gamblers, calm people will slowly hand over their chips.

By then, whether continuing to push the price up or doing T during the rise, there will be plenty of room to maneuver.