Reborn as a tycoon in Hong Kong
Chapter 61 Wharf (7)
"Manager Liu, what do you think?"
In a VIP room of the Hong Kong Stock Exchange, Li Jiacheng looked at the changes in Wharf's stock price on the screen and asked a middle-aged man next to him.
Liu Haobing knew that what Li Jiacheng wanted to ask was the right time, so he replied: "Judging from the shock after the stock price was pulled back, the other party obviously wanted to acquire more shares, so he chose to buy when it was low and did not move when it was high. Let the stock price fall. From this, we can judge that there is a high possibility that the other party wants to acquire Wharf."
"It seems it's still a step too late!"
Li Jiacheng also judged this, so he was very sorry. With such a rival, it would be almost impossible for him to acquire Wharf.
Liu Haobing said: "Mr. Li, if you believe in your own judgment and think that 40 Hong Kong dollars is a reasonable price for Wharf's stock price, then we can completely acquire Wharf's shares now and wait for the takeover war to break out and the stock price to rise. rise."
Li Jiacheng nodded when he heard this. Although doing so would definitely offend the force that wanted to acquire Wharf, he didn't even know who the other party was. How could he not make the money because he was worried about offending the other party.
"Originally, I wanted to use the 200 million Hong Kong dollars raised to acquire Wharf's shares, and then look for bank support after the funds were used up. Now it seems that the money can only be used to drive up the stock price and make a little profit."
"Manager Liu, please make arrangements so that the people below will start scanning the goods at 3:30 and buy a large amount of Wharf stocks. As long as the price does not exceed 30 Hong Kong dollars, all will be bought. Once the price exceeds 30 Hong Kong dollars, buy at low prices. The stocks can be sold first.”
"This time we mainly want to make money, so we don't care how many stocks we hold. We will sell them when they reach the corresponding price."
Li Jiacheng is not worried about being trapped, because if a takeover war breaks out, Wharf's stock price will definitely exceed 30 Hong Kong dollars, and even the reasonable stock price of 40 Hong Kong dollars he judged will not stop, and will only go higher.
Li Jiacheng started selling when the stock price exceeded 30 Hong Kong dollars. That was because he was cautious enough and he wanted to use the money to acquire companies he liked rather than making profits on the stock market. The volatility and risks of the stock market are too great. If he hadn't been optimistic about Wharf and didn't worry about the capital being trapped, he wouldn't have dared to spend so much money to buy a certain stock.
"Yes, I'll make arrangements right away."
Liu Haobing responded and made arrangements. Since he wanted to buy, he must buy in large quantities in a very short time, not giving retail investors and institutions more time to react, thereby reducing competitors.
In the hall of the exchange, Chen Baocai stared nervously at the changes in Wharf's stock price.
Chen Baocai has been waiting for the stock price to rise sharply. However, after the rebound in the afternoon, the stock price has been fluctuating. After going up to 15 Hong Kong dollars, it quickly fell back. This happened many times. Chen Baocai wanted to sell it several times. He actually didn't lose money by selling it for 15 Hong Kong dollars, but made a small profit.
But when he thought about the stock price being almost 20 Hong Kong dollars that morning, he didn't sell it at that time. It would be too much of a loss to sell it now, and he felt unwilling to do so.
The only thing that comforts Chen Baocai is that the stock price has not fallen sharply since it rebounded in the afternoon. He does not need to consider whether to cut off his stock because of the sharp drop in stock price. If the stock price really fell to 12 Hong Kong dollars or even lower, he really couldn't guarantee whether he could hold on or whether he would choose to leave the market.
Time passed slowly, and seeing that there was only about half an hour left before today's closing, Wharf's stock price was still fluctuating in a range, with no sign of a big rise or fall at all.
At this time, some people were worried about falling in the late trading, so they chose to sell the stock, and the stock price tended to fall slightly out of the shock range.
However, just when more people wanted to sell, Wharf's stock price suddenly rose sharply, and then was quickly pulled up in a very short period of time, at an extremely fast rate.
Except for some people who have been waiting for a possible big rise, most people have no time to buy stocks and watch the stock price rise at an extremely fast speed.
When the stock price reached around HK$20, the previous high in the morning, the large number of sell orders that had been set long ago finally curbed the rise, and investors began to react.
However, when the stock price reaches this price and there is pressure from the previous high, there are not many people who dare to jump on the bandwagon and follow the trend.
The price of around HK$20 only held the price for two or three minutes. After the resistance level was broken, the stock price quickly rose again. The main force behind this rise was not only Li Jiacheng, but also some institutions that saw opportunities also participated and chose to go long.
"Rise! Rise! Keep rising!"
Looking at the stock price on the screen, Chen Baocai shouted with his face flushed, because he was so excited.
However, this time Chen Baocai did not dare to wait for the stock price to rise to the highest price in his mind before selling. When he saw that the stock price reached above 24 Hong Kong dollars and the rising speed began to slow down, he immediately sold the stock at an average price of 24.3 Hong Kong dollars. Sell 35 lots of stocks at the lowest price.
The cost of 50,000 Hong Kong dollars has now become 85,000 Hong Kong dollars. Although some handling fees have to be deducted, he still earned nearly 35,000 Hong Kong dollars. Today can be said to be a bumper day.
After selling the stocks, Chen Baocai did not leave the exchange, but became a pure spectator.
Wharf's stock price did not plummet because Chen Baocai sold the stock. It continued to climb, breaking through HK$25 ten minutes before the closing.
After the stock price broke through the resistance level of HK$25, it had more room to rise, and the selling orders above it also decreased. Therefore, even if Li Jiacheng stopped buying stocks after it was above this price, institutions and some retail investors still The stock price was pulled up and quickly reached a position of nearly 26 Hong Kong dollars.
It's a pity that when the stock price continued to rise before, Anyuan had already asked the people below to wait. He gave an order and the traders in the four major exchanges began to sell Wharf stocks in large quantities.
25 Hong Kong dollars and 24 Hong Kong dollars. These two prices were broken one after another, and the funds of retail investors and institutions simply could not support the market.
Li Jiacheng's purpose was to drive up the stock price. He knew that he could not let the stock price fall sharply, otherwise if there were too many institutions and retail investors following the trend, it would be impossible for him to hold up the stock price. Therefore, he bought a large amount at the price of HK$23. , just to support the stock price.
Although the stock price was already below HK$25, Anyuan knew that Lin Baicheng's purpose was to acquire the Wharf company, so the stock price had to be suppressed, so he did not stop selling because of the large amount of buying.
Selling orders are surging and buying orders are not small.
Some institutions and retail investors were immediately in a dilemma. Because the closing was approaching, there were differences soon. Some people choose to buy boldly, while others choose to settle for safety and take sides respectively.
Li Jiacheng has a lot of funds, 200 million Hong Kong dollars, but part of it has been used to increase the stock price, and now the funds are less than 200 million Hong Kong dollars. And he now chooses to buy at the price of HK$23. With his current funds, he can only buy about 8 million shares.
Yum Securities already held 17 million shares before today. With today's large purchases, its holdings have already exceeded 19 million shares, and it owned about 19.5 million shares before suppressing the stock price.
As a result, as Yum Securities continued to suppress the stock price, Li Jiacheng spent 100 million Hong Kong dollars and found that he still could not hold up the market, so he chose to give up.
And with Li Jiacheng, a big fund, giving up, how could the remaining institutions and retail investors stop it? The stock price soon fell below HK$20.
After the stock price fell below HK$20, Anyuan has asked people below to stop selling unless there are a large number of buy orders. But there are still a lot of buying orders now. Institutions and retail investors are fleeing. The stock price can't stop like taking laxatives. It fell to 15 Hong Kong dollars with only two minutes left before the closing.
Anyuan stopped buying stocks at this time, and Li Jiacheng didn't buy either, so the stock price fluctuated slightly and then fell again.
People didn't know what Wharf's stock would be like tomorrow, so many people chose to sell before the market closed, and the stock price fell again, falling to HK$13.3. It's not that the stock price has stopped falling, it's that the stock market has closed and can't fall anymore.
The closing price of Wharf's stock yesterday was HK$13.1, and today it closed at HK$13.3, which is an increase of more than a point.
But Wharf's highest price today was HK$25.88, not far from HK$26, but the final closing price was only HK$13.3. It was a complete roller coaster. I don't know how many people were trapped in this stock today.
There must be lucky people like Chen Baocai who make money for safety, but the number must be very small, and there will only be more people who lose money.
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