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Chapter 264: Ambush in Advance at Xingcheng Heavy Industry

~7 min read 1,311 words

"Chen Yang, I found you an expert with experience managing a large pig farm. They want an annual salary of 200,000. Will you take it?"

"Only 200,000? Is the skill adequate?"

"……"

"Let him come over to have a look first; if he really has the ability, besides the salary he deserves, I'll also provide him with a car."

"Alright! I'll have him come to Qingshui City to find you."

Chen Yang felt Yexin was really capable; whatever she promised him, she could get done quickly. If her temper were a bit better, they would surely become good friends.

After settling the demolition issue in Shuangfeng Town, Chen Yang's only worry now is the pig farm's management staff. An annual salary of 200,000 is absolutely an astronomical figure in Qingshui City, but in Chen Yang's eyes it's just the profit from a single stock market operation.

On the second Monday of November, after the stock market opened, Chen Yang again sold five million shares of China Software. Because it was sold at the flat price of 6.27 yuan during the bidding phase. This operation still did not cause much of a stir.

The stock again hit the limit-up at 6.9 yuan after the market opened. This price already exceeded China Software's issue price, and it also drew a chorus of cheers from the forum.

However, Chen Yang's operation was ultimately carried out under Qi Yunxiang's arrangement. For the choice of not selling at the limit-up, Qi Yunxiang could not understand it.

"Mr. Chen, how did you consider this? Given China Software's current momentum, even if you sold at the limit-up, many would take over. You'd at least make three million less today!"

Chen Yang smiled indifferently and said: "Boss Qi, one should be content. A profit of one yuan is enough for me. Stock traders aren't fools; they can't always take over our shares at the limit-up. We also need to leave them some hope."

Qi Yunxiang carefully pondered the meaning in Chen Yang's words and found it quite reasonable.

However, Qi Yunxiang had no intention of following Chen Yang's operation. As long as Xinghui Financial Investment Company doesn't dump the market, the stock price can continue its upward trend. He felt he could wait a few more days before acting.

"Mr. Chen, are you still planning to keep selling?"

"I will sell all my China Software shares today. If the price fluctuates later, you can push it up during the closing session."

"Why? Are you not optimistic about China Software's prospects?"

Chen Yang, fearing Qi Yunxiang might misunderstand, explained: "We have over 600,000 lots of China Software shares in our hands. If we just hold them without moving, when it comes time to sell, it's easy to cause a stampede. I'm pulling out first: on one hand to avoid a future stampede; on the other hand to give other capital a chance to enter. To push the stock price up, relying solely on us isn't enough; we also need more capital to take turns lifting the sedan."

"Alright, you go first! Whenever you think the stock price has peaked, remember to give me a heads-up in advance." Although Qi Yunxiang found it hard to understand Chen Yang's "not loving money" behavior, he was still willing to cooperate.

He had actually been monitoring the China Software forum these past few days, finding that investors were very optimistic about the stock's prospects, with most expecting the price to rise above ten yuan.

Therefore, even if he wanted to leave early, he had to wait for the stock price to rise above nine yuan before gradually selling off.

After Chen Yang finished communicating with Qi Yunxiang, he began slowly placing sell orders. Eventually he sold the remaining 100,000 lots of China Software shares at an average price of 6.5 yuan.

The total profit from buying China Software shares this time was 24,020,000.

By this point, Chen Yang's total account funds rose again to 337,000,000.

At this time, he shifted his focus again to the Xingcheng Heavy Industry stock.

Because Xinghui Financial Investment Company has recently been manipulating Liu Clan Group and China Software, the Xingcheng Heavy Industry side has been rather quiet.

The stock price has already fallen to 17.72 yuan.

The forum was also filled with wailing.

"Folks, what's going on lately? The market is good for a day then down for a few days. Doing this is really unfriendly to us long-term players!"

"Brothers upstairs, hold on a bit longer! Don't you see that the hot money from Xingcheng Securities is currently focused on attacking the China Software stock? Before their funds withdraw from there, our side cannot possibly rebound."

"Sigh, I also want to go to China Software to get some meat. But now the stock price has already exceeded the issue price—wouldn't buying be like buying at the peak?"

"I just checked; Xingcheng Securities' capital has sold a lot today. It should be nearing the top."

"Is the capital of Xingcheng Securities going to flee from there? That would be great. Our side will finally see the sun!"

"Upstairs, don't get too excited too early. The hot money of Xingcheng Securities holds tens of thousands of lots of China Software shares. Today they've sold only a quarter. At this pace, I estimate we still need to wait a few days."

"Holy cow, I hesitated a moment when China Software's stock price dipped just now, and now it's limit-up again!"

"Hahaha, the guy upstairs really has no luck making money. Everyone on Earth knows there's money to be picked up in China Software, yet you actually hesitated."

"Sigh, what is destined to be will be; what is not destined, do not force. I hope they come here soon to save us!"

"……"

Chen Yang discovered that there were still quite a few die-hard fans of Xingcheng Heavy Industry here. Every time he browsed this forum, it was some old users discussing stocks.

From the perspective of hot money, he actually doesn't like such people. Because you simply cannot cheat any low-price chips out of their hands.

When the stock price surges, they might sell.

When the stock price falls, they will definitely hold on to the bitter end.

Fortunately, those with firm will are ultimately only a minority.

After Chen Yang exited the forum, he began placing small batch buy orders to absorb chips.

Because the commission is 0.02%, placing an order of one thousand lots only requires paying ten yuan in fees.

This is still quite cost-effective.

And Chen Yang also gave himself full patience, always keeping the price below 17.8 yuan.

After buying approximately ten million shares, the old slickers in the forum finally caught on.

"Folks, have you noticed? Today's trading volume has become much more active. Capital has finally entered the market!!!"

"Damn, I just checked the trading data—it's the hot money from Xingcheng Securities! Will it hit the limit-up today?"

"Hard to say, this old six has been absorbing chips at low prices. It might still take a couple of days to hold out."

"Two days are two days; as long as the stock price can rise, I'd be willing to wait a year!"

"The guy upstairs is a tough one! Even capital would shed tears seeing him..."

"……"

After Chen Yang bought enough ten million shares of Xingcheng Heavy Industry stock, he stopped the operation.

He knew that Xingcheng Heavy Industry would still have a market move before year-end, so he didn't plan to push the stock price up now.

Building the position now is preparation for later T-trading.

When someone pushes the price up, he sells at high prices.

When someone suppresses the price, he again absorbs some chips at low positions.

Now he has realized the Dao. As long as he holds sufficient chips in his hand, he can always remain invincible.

◈

End of Chapter

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