Chapter 367: Automobile Sector Heat

On the tenth day of the Lunar New Year, the stock market finally opened.

Early in the morning, Chen Yang drove Zhong Lin to Xingcheng Securities Company to open a stock account.

Xingcheng Securities' CEO Qi Yunxiang, seeing that Zhong Lin was brought by Chen Yang, directly set the commission to 10,000.5.

After completing the procedures, Chen Yang took Zhong Lin to Xingcheng Financial Investment Company to sign the agency agreement. Then he had Kong Qiming drive her back to Sunshine Garden Community.

Because it was the opening of the stock market on the first day of the new year, Yexin insisted that Chen Yang stay to hold a meeting. Naturally, the focus of the meeting was the stock market.

"Chen Yang, you're the most market-sensitive among us. What do you think will be the hot sector this year?" Yexin, to keep Chen Yang from staying silent in the meeting, first heaped praise on him.

Chen Yang carefully recalled his past-life memories and said in an uncertain tone: "I feel that banks, automobiles, and securities could be the main directions for the next few months. Everyone can pick a few stocks from these to position themselves early."

"Moreover, the current economic development speed is very fast; the government will surely strongly promote infrastructure construction and real estate projects. Then steel and power will also have great heat."

"As for the others, I haven't thought of them yet. You can also voice your ideas, and we'll analyze them together."

After Chen Yang finished speaking, the others fell silent, showing no intention to add any comments.

After a while, Yexin was the first to break the silence: "Since Chen Yang believes banks, securities, automobiles, power, and steel will be the mainstream this year, let's start from these sectors. I remind everyone to try to find stocks with hype potential to maximize profit."

The others all responded with an affirmative.

Then the meeting ended.

Chen Yang looked at Yexin, both laughing and crying, and said: "Elder sister, can't you discuss it a bit more? What if my view is wrong?"

Yexin laughed and said: "Actually we had already held a meeting in advance to discuss it. It's precisely because there was no conclusion that we let you make the final decision. Coincidentally, most of what you favor are also what we favor, so there's no need to discuss further."

Chen Yang was speechless. He never expected that on the first day of the stock market opening, he would become a tool.

However, since Yexin and the others now have a target, they won't pester him anymore. This isn't a bad thing.

Chen Yang casually opened a computer, logged into his account, browsed the automobile sector, and finally selected his target as Eternal Peace Automobile.

Eternal Peace Automobile's current stock price is 7.5. As one of the leaders in the automobile sector, its upside potential is still considerable.

Thus, Chen Yang began placing small batch orders to accumulate shares. After buying about three million shares, Qi Yunxiang's call came in.

"Mr. Chen, is the hot sector this year automobiles?"

"I don't know, I'm just buying based on feeling for fun." Chen Yang was uncertain whether his past-life memories were still valid, and naturally didn't dare give Qi Yunxiang a definite answer.

"Then I'll play along with you." Qi Yunxiang greatly trusted Chen Yang's feeling. To avoid causing Chen Yang's resentment, he specifically declared: "Mr. Chen, rest assured, I won't cause too much of a stir."

Chen Yang didn't mind as long as Qi Yunxiang didn't interfere with his share accumulation.

However, Chen Yang's call with Qi Yunxiang quickly drew Yexin's attention. She immediately came over to observe Chen Yang's trading and then started complaining.

"You little brat, you're so lacking in loyalty, actually secretly buying stocks all by yourself!"

Chen Yang gave her a strange look and said: "Elder sister, I'm openly buying stocks, okay?"

Yexin snorted coldly: "If you don't notify us in advance, what's the difference from sneaking around?"

Chen Yang was already used to her way of speaking, didn't get angry, and calmly said: "The company has many accounts and large funds; it's impossible to concentrate all resources on a single stock. Since we have a direction, we should choose several stocks, diversify investments—that's the most prudent approach."

"What you say is right; we can pick a few more stocks as backups. But..." Yexin this time agreed with Chen Yang's view, but she couldn't bear to let go of the stock Chen Yang had selected: "Today's theme must be Eternal Peace Automobile."

After saying that, she told Lan Qiyun: "Lan girl, start buying Eternal Peace Automobile with all our might. Let's snag a new-year opening red!"

Lan Qiyun looked at her senior brother Yang Bailao with a sympathetic gaze, then began directing the traders to buy large amounts of Eternal Peace Automobile.

With the involvement of three parties' funds, Eternal Peace Automobile surged to the limit up before the morning close, with order volume exceeding 600,000 lots.

Chen Yang altogether bought five million shares of Eternal Peace Automobile at an average price of 7.75.

Fortunately, Eternal Peace Automobile's strong limit-up also lifted other stocks in the automobile sector, which rose as well.

To maximize profit, while Lan Qiyun directed the purchase of Eternal Peace Automobile, Chen Yang also reselected Southern Automobile as an alternative, buying ten million shares at an average price of 9.5.

Yexin and Qi Yunxiang quickly followed suit, pushing Southern Automobile to the limit up as well.

At the close, Eternal Peace Automobile's stock price was 8.25, and Southern Automobile's stock price was 9.9.

Chen Yang's total profit from the two purchases was 6,494,500.

Of course, if Yexin didn't cause trouble, he could certainly have earned even more.

"Senior, did you just open the automobile sector and it really became hot?" Lan Qiyun looked at Chen Yang, her gaze shifting from sympathy to admiration.

Chen Yang sighed: "With so much capital pouring in, even if it weren't a hot sector, it would be hyped into one!"

Lan Qiyun didn't quite agree with Chen Yang's view: "Senior, I've also tried to forcibly push a stock, even enlisting the help of Xingcheng Securities' CEO Qi, but it still failed. So, if the automobile sector isn't favored by the public, even if our funds enter, there won't be much change."

Chen Yang still agreed with her analysis. Buying non-hot stocks and forcibly pushing them incurs high costs and is easily manipulated by operators.

For hot stocks, even if operators want to control the market, they cannot resist the strong influx of funds from all directions like a tide.

With the vigorous promotion of reform and opening up domestically, people's incomes have been continually rising. Motorcycles and bicycles, as means of transport, no longer satisfy the public's demand. Many people's goals have begun to shift toward higher-end automobile brands.

The public's attitude toward life is actually the fuse for the automobile sector's heat.

Even if Chen Yang doesn't buy now, other capital will emerge in the future to hype it up.

So, to make money, one must act early—raise the stock price before competitors even react.