Brilliant Years 1991

Chapter 33 This money doesn't seem to be that easy to earn

This Xu Delu is very talkative.

In fact, what interested Cao Yukun more than his talkativeness was an indescribable temperament of his - rough but shrewd, brave and radical, and full of an indescribable sense of belief in the future.

Firmly believe that tomorrow will be better!

I am not afraid of the unknown, but instead I am filled with a strong desire to explore.

Frankly speaking, it's somewhat similar to the energy in Huang Jiaying.

It is a special temperament that Cao Yukun has never seen in the society thirty years later.

It seems to be exclusive to people of this generation.

While eating and chatting, I actually asked him several questions about the stock market in this era.

For example, how to buy stocks and how to sell them.

"Brother, believe me, don't sell it! At the current price, even if you have a blank plate with consecutive numbers, it's only 500 yuan per piece, which is underestimated! Like those people, many people sold it when it was 200 or 300 yuan. Whenever I hear about it, I advise you not to sell it! Hold it in your hands! Why? Stock subscription certificates are ultimately used to buy stocks. You haven't even started the lottery yet, and you're selling it for a small bargain? You're losing a lot!"

"Brother, what you said makes sense!"

"Think about it, the stock subscription certificate thing, although the country has good intentions and does not want to see the kind of long queues where people line up a few days in advance and squeeze in with others, but in fact, it also closes off the market in an instant! Don't understand? With these 210 million certificates, you can't play with this year's new stocks without these certificates! Stock market, what's the most profitable? Grab the new stocks!"

"That's right! That makes a lot of sense!"

"And there's one thing. I don't know if you've noticed, but the market has been swept through by people. There are almost no small retail investors left. If there are any, they're not making any moves. What does that mean? Those who still have the money in their hands have already figured out what's going on!"

Can't read back.

But listen attentively.

"And according to the information I got, there are already several big players in the market who have acquired enough shares. It is said that several big players hold more than 10,000 subscription certificates! Think about it, 10,000! What the hell is the probability? There are only 2.1 million in total! Even... Hey, I'm not afraid to tell you, brother, there are a few who hold more than 20,000 certificates!"

Uh……

He was listening with great interest at first, but as he listened, Cao Yukun gradually realized that something was wrong.

What do you mean?
Does having 10,000 tickets mean you’re an absolute big shot?

Twenty thousand...

Yes... Cao Yukun suddenly came to his senses and realized that he had seriously neglected something before, and it was a very important matter!
So he couldn't help but stand there in a daze.

In the past, I just thought that this was a once-in-a-lifetime opportunity to make a fortune, so I racked my brains to find ways to raise money, whether by borrowing or lending. In short, I tried hard to maximize the original capital in my hands and use the leverage to the maximum, so that I could achieve financial freedom with just this one chance and lie flat on my back.

However, I overlooked an extremely important thing!

Only 210 million stock subscription certificates were issued in the market, but he held 3 of them in his hands!

What is this concept?
One seventy percent!
Without a calculator, a small town test-taker can easily figure out with a little mental arithmetic that he alone accounts for more than 1.4% of the entire market!

Considering that stock warrants were not favored by the general public during the issuance period, even large investors would buy some to be on the safe side, but few people bought in large quantities. This is why people realized something was wrong after the sale was stopped and began to rush into the market to buy stocks. This also led to a situation where the stock warrants had not yet started to work, but their valuations had already risen by more than ten times.

So… if there are no big players in the market, can 30,000 be the most valuable? So, if the subscription certificates are really sold at 50 or 60 times the original price, the 30,000 subscription certificates in my hand may be worth tens of millions by then. Then, who will take over at that time?
Who is willing to take over?
Who else can take it?

Tens of millions in 1992!

Oh…shit!

If by that time no one is willing to take over, would I be considered as... becoming a shareholder through stock speculation?

The key point is that the stock subscription certificate is not a stock and is valid for only one year. After 1992, it is just a piece of waste paper!
Therefore, if you fail to act successfully, you might even fall into the pit!
Grass!
Sure enough, it was another case of lack of consideration!

My heart suddenly panicked again...

Fortunately, it has been several months since he came here, and in fact, he has done a lot of things personally, so no matter how nervous he is, Cao Yukun can still calm himself down quickly.

On second thought…No!

Although tens of millions is definitely a terrifying number in 1992, what cannot be ignored is that at that time, there was almost no concept of a decline in the domestic stock market!

Everyone who enters the stock market has an obsessive impulse!

There may not be many big guys who have the ability to spend 400,000 to 500,000 to 600,000 million to buy 30,000 subscription certificates at a time, and it is difficult to contact them if they exist. But it is not difficult to sell them in piecemeal quantities!
So... we can’t ship in advance, we still have to wait!

It’s best to wait until it reaches fifty times, or at least forty times, then it’s not too late to take action!
"...By that time, all the new shares on the market will be in the hands of people like us. Others can only wait to receive second-hand shares, while those who hold 0.5 or even 1 shares can directly get % or even % of each new share, even if it is calculated on a proportional basis! Just think about it, as long as a few companies work together, they will even be able to manipulate the stock price to a certain extent!"

"Yes! Twenty thousand copies... that's really impressive!"

While thinking about what to do next, he was still listening to Xu Delu and even had the energy to agree with him a few words - before he knew it, his mood had completely stabilized.

Very stable!
The stock market is so hot, and stock subscription certificates that hold entry tickets to new shares are absolute hard currency, at least within this year. The more bigwigs want to get more new shares, the more aggressive they will be. As long as someone is willing to pay, how could they not want it?

Hold on! Hold on! Wait fifty times!
While talking, Cao Yukun had finished his meal and was concentrating on listening to the advice of his senior again. However, at this moment, he heard a commotion outside the restaurant. Before he could hear what was going on, someone rushed in and shouted, "Everyone, everyone, those who have subscription certificates, our good days are coming!"

Lunch time had actually passed, but there were still five or six tables of guests eating or chatting in the restaurant. However, when they heard this, almost everyone immediately looked up and someone asked, "What's wrong?"

The man who rushed in raised a stack of papers in each hand. "Shanghai Light Machinery and Shanghai United Textiles, the prospectus has just been released! It is said that the lottery will be held at the end of the month, and the official sale will be in March!"

He shouted excitedly, "In March alone, at least two stocks will be listed! It is said that there is also a Shanghai No. 2 Textile Machinery, which will also have a high probability of being drawn in March and will be listed for sale at the end of March! ... It's going to be released!"

After a few seconds of silence, the restaurant was filled with the sound of tables and chairs being moved and rubbing against each other.

"Give me one!"

"Give me one of each, too!"

Everyone stood up and went to get the prospectus. Even Xu Delu, who was sitting at the same table with Cao Yukun, stood up and excitedly asked the man for a prospectus. He was so excited that he couldn't control himself. As he read it, he couldn't help saying, "Three stocks are being issued in just one month of March? It seems that there will be no less than 15 stocks in the whole year!"

But suddenly, he looked up and found that the little brother he just met was sitting there motionless, looking calm or confused. "Brother, what's wrong with you? Good news!"

Cao Yukun came back to his senses, looked up and smiled, "Yes! Good news!"

"That is... we need to prepare money to buy stocks!"

(End of this chapter)