Chapter 259: Make Friends
General Manager Chen, how should we respond to that 100,000-hand seal order at the close today? Qi Yunxiang had used over 100 million of the company's funds to buy China Software stock, originally intending to get a share of the profits alongside Chen Yang. He hadn't expected to encounter a tough problem.
If Chen Yang hadn't reminded him not to rush to push up the stock price, he would definitely have ended up buying at a high price today.
The other side is probably eager to sell off, but then something delayed them for unknown reasons. If they keep their orders up tomorrow, we can press the price down further. When Chen Yang reviewed the trading records, he found the other side had nothing indicating accumulation; it didn't look like malicious price suppression.
Then there are only two possibilities for this situation. First, China Software must have some bad internal news that, once leaked, would affect subsequent stock prices. Second, the other side has run into financial trouble and urgently needs to cash out the stock.
In Chen Yang's impression, China Software hasn't had any recent explosive negative events. Therefore, he leans more toward the second possibility being certain.
The stock market is a battle of minds. Since the other side is eager to cash out, Chen Yang naturally hopes to seize this opportunity to take over at the smallest cost.
"What if they don't lower the price?" Qi Yunxiang noticed that the capital smashing the market today could endure a lot; to squeeze out a bit more profit, he held back until ten minutes before the close before making a move. Such a person would likely be unwilling to concede on price.
"If he won't lower, we will—directly smash it to the limit down." Chen Yang now has plenty of chips and speaks with full confidence.
Qi Yunxiang immediately asked a crucial question: "Who will do the smashing, and how much?"
Chen Yang directly said: "Me, your company, and Xinghui Financial Investment Company will take turns! Each will put up one million chips, if we can lure them out. When accumulating, we'll split the gains three ways."
"Okay, that's settled then." Qi Yunxiang strongly agreed with Chen Yang's proposal. This approach would be fair to all parties.
After hanging up with Qi Yunxiang, Chen Yang called Huang Bai Ming and briefed him on the plan for the three firms to jointly suppress China Software's stock.
After reaching consensus, during Thursday's opening session, China Software's stock hit the limit down again.
The forum was filled with lamentations.
"Will Xingcheng Securities' hot money lift the price and dump? If you've got the guts, come out—I promise not to beat you to death!"
"Folks, does anyone know what exactly went wrong inside China Software? The stock has hit limit down at the open for two straight days—this is too suspicious."
"There must be a problem; otherwise this capital wouldn't be fleeing so hastily……"
"Folks, the price has already dropped to 4.66—aren't you tempted at all?"
"Don't be tempted—if this trend continues, we might hit another limit down."
"I think we can take a gamble. Based on my years of stock‑trading experience, unless there's truly major bad news, a single stock rarely suffers three consecutive limit‑downs."
"Can we small‑fry even break a 30,000‑hand seal order? Without capital to take over, anyone who gets in will just end up getting skinned."
"Could it be that Xingcheng's hot money will pry open the limit down again later……"
"Upstairs, could it be that today's smash was actually Xingcheng's hot money……"
"Damn, if capital joins forces to suppress the price, we'll just have to wait to be slaughtered."
"Upstairs, don't cry wolf—capital only manipulates when there's profit. They bought at 5.18 and sold at 4.66? Which capital is that stupid?"
"By the way, I recall Xingcheng Securities bought 400,000 hands yesterday and several ten‑thousand hands the day before. With the price falling, they're the ones most anxious. Let's just wait and watch the show."
"The upstairs analysis is correct—Xingcheng Securities' hot money will definitely act; it's just a matter of when."
After reading everyone's discussion, Chen Yang felt a bit headache. If the person who smashed the market yesterday is also reading the forum, their 30,000‑hand seal order could really turn into a steamed‑bun‑versus‑dog situation—going in with no way out.
However, you can't catch a wolf without being willing to lose a child. Since the seal order is already posted, it can't be withdrawn.
If they withdraw it, the other side will do the same as yesterday—launch another surprise before the close—and his plan would be completely thrown off.
Chen Yang talked with Huang Bai Ming and Qi Yunxiang on the phone. If there's no response from the other side before the morning close, they'll call off the operation.
At the same time, the big‑client room of a certain securities firm in Modu started arguing again.
"Mr. Ding, you were still confidently saying yesterday that today's price would surely open high. Now it's limit down—how do you explain that?"
"General Manager Wang, I'm just making a prediction based on the review results—who could have expected the other side to play outside the norm!"
"Hmph, if you don't settle this, you'd better watch your step when walking at night from now on."
"General Manager Wang, this is a society ruled by law—I can report you to the police if you say things like that."
"Heh, go ahead and call the police! You've screwed over clients and even sent them to the station—I doubt anyone will dare trade stocks with your firm in the future."
"General Manager Wang, General Manager Ding, just stop arguing. Fighting won't solve anything. At this price and seal‑order volume, we can simply break the limit down and push the price back up."
"Push it up? How? Their chips outnumber ours. Even if you take over their 30,000 hands, they'll just dump another 30,000 right away."
"Isn't that great? Take over all the chips they bought yesterday and pocket a twenty‑million‑yuan spread."
"Do you think they're that stupid? As soon as you take the seal order, they'll gradually raise the price. If it goes back to 5.18, will you take it or not? If it climbs to 5.28, will you take it or not?"
"If they push the price up to 5.28, General Manager Wang can sell at 5.18—isn't that perfect?"
"Who will take it? In this situation, aside from Xingcheng Securities' capital, who else would dare? If they don't, your limit‑down order will sit there with no takers."
"……"
"Mr. Ding, I damn well misjudged you. Today I admit defeat. Mountains and rivers will meet again—let's see what happens next!"
"……"
Chen Yang waited half a day, and in the end only got Qi Yunxiang's call.
"General Manager Chen, someone from Modu called. They said they want to make friends and discuss that 100,000‑hand China Software stock."
Chen Yang thought, "Making friends is surely a pretense; they just don't want to sell cheap." He then asked, "What is their psychological price?"
"Five yuan!"
Chen Yang found that price acceptable. If you really push them hard, both sides lose—so he said, "All right, let's take it. You take 30,000 hands, the rest goes to Xinghui Financial Investment Company. I'll stay out of it."
"Okay, I'll call them back right away."
After hanging up with Qi Yunxiang, Chen Yang immediately called Huang Bai Ming, told him to withdraw the seal order, and then take over his share of the profit.
He had bought 20,000 hands of China Software stock yesterday in his personal account without saying anything—a bit underhanded. Now relinquishing his share also lets Huang Bai Ming and Zhao Feiyang find some psychological balance.
End of Chapter
