Reborn as a tycoon in Hong Kong
Chapter 114 Sweeping Cangjiang Industrial (Part 2)
As Yum Securities began to buy a large number of Cangjiang Industrial's shares, Cangjiang Industrial's stock price immediately rose sharply. It rose to the point where investors only saw that the last time the stock price was refreshed, it only rose by a little more than 1%, and then as soon as it refreshed, it It became 3%, then 5%, and the stock price has risen to above 17 Hong Kong dollars.
This sudden rise certainly attracted the attention of many investors. It's just that because of the rapid rise, no investors had time to get on the train. Only investors who held the stock before the sharp rise were able to successfully catch the ride.
After the stock price exceeded 17 Hong Kong dollars, it did not rise sharply. Yum Securities stopped buying and handed the stock price to the market. Without the large amount of buying from Yum Securities, and without the buying funds to keep up, the stock price will naturally fall and adjust.
The purpose of Yum Securities was to acquire a large number of stocks, so it did not sell the market at the price of 17 Hong Kong dollars. Instead, it stopped for five minutes and when many investors began to choose to hand over their chips and sell the stocks because the stock price fell below 17 Hong Kong dollars, it started again. Buy in bulk and scan the goods along the way.
This time, the stock price was boosted sharply again and continued to rise.
After two consecutive massive increases, the stock of Cangjiang Industrial has attracted the attention of a large number of investors. At the same time, some institutions have naturally discovered it, but they did not immediately participate. Only a few institutions wanted to give it a try in small amounts. Bought some.
The reason for this is because Cangjiang Industrial's increase is getting closer and closer to 10% at this time. The stock price itself is under great pressure at the integer price of 18 Hong Kong dollars, let alone when the increase reaches 10%. , there will inevitably be a lot of profit taking, and it is hard to say whether this large amount of funds can hold on. If you intervene at this time, you may buy at a high position.
Yum Securities did not break through the price of 18 Hong Kong dollars all of a sudden. After all, Yum Securities wanted to buy a large number of stocks, not to raise the stock price. Therefore, before the stock price touched 18 Hong Kong dollars, it temporarily stopped buying and let the stock price adjust. fall back.
As soon as the stock price adjusted and fell, many investors chose to leave when the increase reached about 10%, and they were safe. After all, no one can guarantee how they will move forward.
An increase of 10% is not low. Although Hong Kong stocks do not have a price limit, theoretically it is possible for the stock price to increase tenfold on that day, but this kind of thing is basically impossible. Even stocks that have increased by more than 100% on that day in a year It doesn’t necessarily happen once, usually a 30% increase is a ceiling.
When the stock price has increased by 10%, the room for higher increases has become limited, so settling for safety is the right choice.
The stock price adjusted and fell, and Yum Securities kept buying at low prices. In order to prevent the stock price from falling and rebounding, this time it was slowly buying in small amounts. However, in this way, the stock price did not rise and fall sharply. It fluctuated all the way down. The investors who wanted to settle down were able to successfully sell the stocks at a higher price.
When retail investors see this continuous downward trend, most of them choose to sell their stocks when they have already made a lot of profits. After all, there are only a few retail investors who can hold on to the stocks and take another look.
Unlike retail investors, institutions have more professional talents. Therefore, after seeing the volatile and falling stock price trend, they know that there must be funds to take over. Otherwise, the stock price will suddenly rise sharply, and without funds to take over, it will only fall sharply. , it will follow a roller coaster trend, instead of falling with a rebound like now, so that investors can ship smoothly.
Therefore, while most retail investors chose to leave the market, institutions entered the market. Some are brave enough to step in and buy immediately, while others want to be more stable and wait until the stock price drops further to buy. The choices vary.
"General Manager Lin, some big orders have begun to enter the market."
In the VIP trading room of Yum Securities, there were staff who were specially watching the trading area and came to report to Anyuan.
"How many have we bought today?"
Anyuan asked his subordinates after hearing this.
"Currently we have bought about 1.1 million shares, with an average transaction price of HK$17.2 and a cost of about HK$19 million. The main reason is that we bought a larger number of stocks above HK$17, so the average price is higher." Sound report.
"Mr. Lin?"
After hearing this, Anyuan asked Lin Baicheng, who was sitting aside to rest, for instructions.
Lin Baicheng immediately said: "We originally held about 14.5% of the stock, and the target is 20%, so it is best to buy 2.3 million shares today, and now we are still short of 1 million shares. Since there are institutions entering the market, then press It was planned yesterday to directly buy a large amount at 18 Hong Kong dollars and sweep away all the stocks at the price below. If institutions want to enter the market, let them play above the price of 18 Hong Kong dollars."
"Yes, Mr. Lin."
Anyuan responded and made arrangements.
After receiving the order, Yum Securities traders on the four major exchanges immediately bought a large amount at a price of 18 Hong Kong dollars, which instantly raised Cangjiang Industrial's stock price above 18 Hong Kong dollars.
At this time, Yum Securities did not buy any more, but placed a large number of buy orders at the price of 18 Hong Kong dollars. Those who bought at this price would continue to buy, and if they did not, they would not buy any more.
"Mr. Lin, manager, we just bought about 800,000 shares, and we bought nearly half of them at the price of 18 Hong Kong dollars. Many shareholders have entrusted selling at this price. The pressure is really big, with almost 7 million Hong Kong dollars of sell orders. "
A few minutes later, the staff completed the statistics and reported to Lin Baicheng and Anyuan.
"The total amount is about 1.9 million shares, so it is very close to our goal."
The target of 2.3 million shares is not far away. Lin Baicheng said: "Next, we only need to buy at the price of 18 Hong Kong dollars. We can buy as much as we can. There is no need to waste money on buying more stocks." ." Of course it would be best to be able to buy 20% of Cangjiang Industrial shares. If you can't buy that much, it will have no impact at all, so Lin Baicheng is not going to waste money to increase the stock price. There is no need.
"However, don't let the stock price fall below 18 Hong Kong dollars for the time being, so I'd better place a large number of buy orders at the price of 18 Hong Kong dollars, and use 50 million Hong Kong dollars in funds. If there are really sell orders exceeding this amount of funds, then don't take any more. Let it fall, Anyuan remember to report to me when the time comes."
It is true that Cangjiang Industrial had a market value of more than 200 billion Hong Kong dollars before Lin Baicheng was reborn, but this does not mean that this company is now a very high-quality company, because Cangjiang Industrial does not have a large amount of land under its name, and it is not worth much now. High price.
Now that Xiangjiang has Lin Baicheng, there is a question mark as to whether Li Jiacheng can still get Hutchison Whampoa, and whether future development will be as smooth as in the previous life.
Therefore, we cannot overestimate the market value of Cangjiang Industrial now. It is okay to buy the stock at a premium of 10% or 20%, but it is not worthwhile if the premium is 50% or even double.
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