Starting with a fully invested A-share portfolio to become a capital...

Chapter 203 Bull vs. Bear: Who Will Win the Bid?

When Su Jing sent the message, the other fund managers were all shocked. After a brief hesitation, Kuang Yongrui of Fullgoal Fund typed a question: "How did you know that Fuchun Road had used leverage?"

All of a sudden.

Other fund managers echoed this sentiment.

[Bosera Funds - Yuan Yutang]: Yes, Manager Su, how did you know that Fuchun Road used leverage? What if he didn't, and had more than 4 million yuan in funds? Wouldn't we have suffered huge losses?

[China Asset Management - Qi Zhenbang]: If we can confirm that Fuchun Road is on the verge of liquidation, then things will get interesting. But the question is, how do we confirm that Fuchun Road used leverage?

[Yinhua Fund - Wang Hua]: If you have inside information, don't hide it. We are partners now and should act in unison.

[E Fund Management - Lin Hai]: Manager Wang is right. If there's inside information, don't cover it up. Be more sincere and less manipulative.

Looking at the messages flashing by in the QQ group, Su Jing quickly organized his thoughts and then typed out his ideas.

[Huitianfu Fund - Su Jing]: I just checked, and the first time the seat on Fuchun Road appeared was when Jianfeng Group and Rhine Biologics were vying for the leading position in the H1N1 influenza concept.

[Huitianfu Fund - Su Jing]: At that time, his capital was still very small, only seven million, close to eight million. He was following the funds of speculative funds such as Zhang Mengzhu, Asking, and Chancheng Wuyingjiao.

[Huitianfu Fund - Su Jing]: After speculating on Jianfeng Group, he subsequently bought 1090 million yuan worth of Rhine Biotech shares and sold them for 3559 million yuan. If nothing unexpected happened, he also added to his position once or twice in between, because the return from five consecutive limit-up days was 61.05%.

[Huitianfu Fund - Su Jing]: Next, he controlled Kainuo Technology and hyped up the expectation of Meijin Group's backdoor listing. His available funds suddenly exceeded 100 million yuan. I don't know if you have noticed a special pattern.

"What pattern?" Kuang Yongrui of Fullgoal Fund eagerly typed in the question.

When this text was published, other fund managers were on high alert, eager to know what this special pattern was.

Su Jing didn't keep him in suspense and quickly stated his thoughts: "800 ÷ 5 = 160, so his principal might be 1.6 million. With the eight consecutive limit-up days of Jianfeng Group, his principal is probably around 3.2 million. If he leverages it five times, he has 16 million available funds. But if we split it up..."

“He only used 218 million of the 320 million to leverage 5 times, which brought the total to 1090 million. At that time, he instantly hyped up Rhine Biopharma. I guess he used the remaining 102 million Chinese yuan to leverage 10 times in order to maximize returns.”

"Assuming all of it is invested, that would be 2110 million. The return on five consecutive limit-up days is 61.05%, which is approximately 1287.1%, very close to the selling price of 3559 million."

As news about Su Jing kept popping up, the other fund managers looked at the content and fell into deep thought.

If Su Jing's guess is true, then wouldn't "Fuchun Road" have been playing with high leverage all along?

"Gulu——"

Kuang Yongrui, a fund manager at Fullgoal Fund, swallowed hard and muttered to himself, "There have always been rumors in the industry that Fuchun Road is an off-exchange margin trading account. Now that the investment paths of the first two times are basically consistent, could it really be playing with high leverage?"

While Kuang Yongrui was still having doubts, Yuan Yutang of Bosera Funds had already made the decision to confirm that Fuchun Road was indeed a high-leverage player.

[Bosera Funds - Yuan Yutang]: I've figured it out, I've figured it all out. I used to wonder why Fuchun Road suddenly appeared, I'd never even heard of this person.

[Bosera Funds - Yuan Yutang]: Furthermore, his available funds are clearly not commensurate with his stock market returns. However, if he had always had that much money, and invested so little in stocks with certainty in the main theme such as Jianfeng Group and Rhine Biologics, it now seems that he must have used leverage to amplify his returns.

[Huitianfu Fund - Su Jing]: It can only be like this. If he doesn't use high leverage, taking the 3 million yuan he has invested now as an example, the return rate from 800 million to 3 million yuan is 3650%, which can be achieved in just three or four months. No single stock or any portfolio can achieve such a terrifying return rate.

With high leverage, the growth path of "Fuchun Road" is basically consistent.

Without high leverage, it's impossible to explain why "Fuchun Road" had such a small amount of capital when it first emerged.

The only reasonable explanation now is that "Fuchun Road" has always been leveraged. While others may have a 50% return, he may have a 250%, or even a 300% to 400% return.

The principal is leveraged, the returns are leveraged, and interest compoundes, creating a massive amount of speculative capital known as "Fuchun Road."

[China Asset Management - Qi Zhenbang]: This! This is outrageous! How much guts does Fuchun Road have? This is too aggressive!
[Yinhua Fund - Wang Hua]: Adding insult to injury, is Fuchun Road some kind of reincarnation of Zhao Zilong? They're incredibly bold!

[E Fund Management - Lin Hai]: I had long heard that "Jiangzhe Huaxin Securities Fuchun Road Branch" was the designated branch of several margin trading companies. I never expected that this ruthless manipulator on Fuchun Road would play such a big game, leaving himself no way out.

[Fullgoal Fund - Kuang Yongrui]: Now our opportunity has come. He bought tens of millions of yuan worth of shares around 8.8 yuan, and a few days ago he bought another 2 million yuan worth of shares between 4.73 yuan and 5.2 yuan. If he really used 5 times or higher leverage, 3.45 yuan may really be close to his margin call line.

Anyone who has ever used leverage knows that reaching the margin call level will force you to sell your positions.

For example, suppose you leverage 1 yuan 5 times, then your available funds are 5 yuan, and 4 yuan is borrowed. Then your margin is 1 yuan, which is only 20% of the 5 yuan. The margin call is a 20% drop.

However, in 2009, the A-share market had not yet launched margin trading services, nor did it have a corresponding real-time liquidation system. Stock investors who wanted to leverage their investments all went to off-exchange margin trading companies.

In the absence of a real-time liquidation system, when manual liquidation is used, margin trading companies often raise the margin call threshold to ensure that their principal is not lost. This threshold may be 1%, 2%, or 3%. For example, with 5x leverage, the margin call threshold is a drop of 20%, or even 18% or 19%, at which point the company will liquidate the client's position.

When a margin trading company forces a liquidation, it does not consider the stock's value.

Even if China Construction Bank's stock price drops to 1 yuan, with a very obvious upside potential, they will be liquidated according to the rules.

Because margin trading companies earn interest, not from stock market fluctuations.

Even if you really want to invest, that's handled by other departments of the margin trading company; the trading manager who forces liquidation won't care about that.

At this moment, Su Jing, Yuan Yutang, Kuang Yongrui, Lin Hai and other public fund managers were all a little excited, and their hands were trembling.

In their view, if they could really force a settlement on "Fuchun Road", a huge amount of cash worth around 3 yuan would fall into their pockets.

Most importantly, once they force a sell-off on "Fuchun Road," they can use public media resources to stir up emotions, potentially causing countless retail investors who were holding cash and waiting to re-enter the market.

The fundamental reason why Haitong Foods currently lacks buyers is not because of the article "The China Securities Regulatory Commission will stop approving mergers and acquisitions of listed companies," but because retail investors are worried about the manipulative stock Fuchun Road, which has scared retail investors away from being manipulated by speculative capital.

Take Rhine Biologics as an example. Even though Zhang Jianping pulled three major upward waves, there were still many retail investors who were stuck at the top and had not yet broken even. In fact, the number of retail investors stuck at the top has surged.

[Huitianfu Fund - Su Jing]: I'm not sure if Fuchun Road actually used leverage, but it's highly likely it did. If you participated in the sell-off, type 1; if you didn't, type 2. Also, send a screenshot of your current holdings to the group. Thank you everyone.

[Huitianfu Fund - Su Jing]: 1.

His meaning was clear: fund managers who don't participate in dumping shares shouldn't buy cheap shares stained with the blood of the "Fuchun Road" incident.

All of a sudden.

Fund managers responded enthusiastically.

[Bosera Funds - Yuan Yutang]: 1.

[China Asset Management - Qi Zhenbang]: 1.

[Yinhua Fund - Wang Hua]: 1.

[E Fund Management - Lin Hai]: 1.

When the conclusion was roughly reached that "Fuchun Road" was on the verge of liquidation, no fund manager would resist the temptation of blood-stained shares.

What is the stock market?
In short, it's a bloody arena where people fight each other!

Haitong Foods' stock price is already very low, and mutual funds have the ability to drive up the price. As long as the "Fuchun Road" road is opened, they can easily pull the stock price back to 8 yuan.

All eight fund managers in the group typed the number 1. Then, without any hesitation, Su Jing looked at Ouyang Qinchun and Pang Sa beside him and said, "Dump the market, dump it to the daily limit down!"

On the other side, at Bosera Funds, Yuan Yutang looked at his assistant and said, "Dump the market, throw out the chips, I want to see it hit the daily limit down!"

Fund managers such as Lin Hai from E Fund Management, Kuang Yongrui from Fullgoal Fund Management, Qi Zhenbang from China Asset Management, and Wang Hua from Yinhua Fund Management all looked at their assistants or traders and said the same thing: "I want to see the stock hit the daily limit down!"

All of a sudden.

The chips poured in like a torrential downpour.

[Stock Anomaly Alert]: Haitong Foods saw a super sell order, amounting to 300 million.

[Stock Anomaly Alert]: Haitong Foods saw a super sell order, amounting to 400 million.

[Stock Anomaly Alert]: Haitong Foods saw a super sell order, amounting to 200 million.

As sell orders were placed at the daily limit down price, Haitong Foods' stock price began to decline.

4.05 yuan.

3.85 yuan.

3.64 yuan.

Just as the stock price was about to hit the daily limit down again, a massive number of buy orders, like a pair of rough, large hands, propped up the teetering stock price.

3.62 yuan.

3.74 yuan.

3.88 yuan.

Seeing that there were still funds available from buyers, Su Jing emphasized, "Smash! Keep dumping!"

3.77 yuan.

3.75 yuan.

3.78 yuan.

3.72 yuan.

Haitong Foods' stock price began to fluctuate repeatedly, clearly indicating that two groups of funds were choosing a direction.

Retail investors who have been following Haitong Foods closely are now just watching the drama unfold.

[Clear Water Flows into the Sea]: A battle has broken out, with bulls and bears clashing. Could the bulls be that beast from Fuchun Road? And who's behind the short positions?
[Let's take action tonight!]: Smash those beasts on Fuchun Road! Eliminate this scourge for the people! Uphold justice and order! Give us stock market investors a bright and clear future!
[Loves Guilinggao]: The bulls are definitely Fuchun Road, and the bears are most likely institutions. There are too many institutions in Haitong Foods, and they probably can't stand his bad behavior.

[Arctic Ocean Cockroach]: No matter who dumps shares on Fuchun Road, I, Zhai Chenliang, have to lend a hand. I've already sold 100 lots of Haitong Foods!
Retail investors were ecstatic and joined in the sell-off. Wang Tao, who was far away in Sichuan and Chongqing, saw the battle between bulls and bears and immediately sat up straight, saying in a deep voice, "They're going to sell off at this price point?"

Haitong Foods at 3 yuan is too cheap; it's so cheap that he's even considering investing in it.

Of course.

This is a comparison of the value of Yijing Optoelectronics.

If Yijing Optoelectronics can successfully go public through a reverse merger, its cost price of 3 to 4 yuan can easily be multiplied three or four times.

But something unusual must be going on. If he can understand this, how could Kong Fang not know it?

"A sell-off on Fuchun Road?"

"Institutional selling?"

Wang Tao muttered to himself.

In order not to miss the opportunity, he called Kuang Yongrui of Fullgoal Fund.

This is one of the few mutual fund managers that Wang Tao knows and has a good relationship with, and who also holds shares in Haitong Foods.

"Dududu-"

After a brief busy signal, the call was connected.

"Hey, Brother Tao."

Kuang Yongrui was the first to greet them.

"Arui, what's going on with Haitong Foods? Why are the bulls and bears fighting?" Wang Tao went straight to the point.

"We're arresting Fuchun Road, Brother Tao, you're not involved, are you?" Kuang Yongrui's heart skipped a beat, and his tone was somewhat flustered.

If Wang Tao intervenes, given his substantial capital as a top-tier speculative investor, he could reverse the trend instantly.

"Arrest Fuchun Road?"

Wang Tao was puzzled.

Kuang Yongrui stammered, "Ah, right, how should I put it, um, anyway, it's an arrest. Is Brother Tao going to get involved?"

"Let me take a look first." Wang Tao sensed something was amiss but didn't rush to express his opinion.

Upon hearing that Wang Tao intended to enter the game, Kuang Yongrui, fearing that his plans would be disrupted, frankly said, "Brother Tao, don't rush to enter the game. Fuchun Road might be on the verge of liquidation. Wait until it gets liquidated before you come in and pick up some chips."

"Margin call? Forced liquidation? You mean Fuchun Road came with leverage?"

"Most likely."

"On what basis?"

"There is no actual basis for this; it's just our speculation as fund managers."

"What guess?"

"I'll send you the chat history on QQ, but you can't share it with anyone else, or I won't be able to stay in the public fund industry."

"Okay, I'll keep it a secret."

As soon as Kuang Yongrui forwarded the group chat history to Wang Tao, the latter immediately became very attentive and checked the chat history.

"Peak Group".

"Rhine Biotech"

"lever."

"The path to rise is compatible..."

After reviewing the entire document, Wang Tao's face flashed with surprise, and he couldn't help but mutter, "According to this, Fuchun Road is most likely a speculative investor with high leverage."

"Using high leverage to make up for insufficient funds, what a bold move! Isn't he afraid of being wiped out and losing everything?"

Stocks controlled by speculative capital often experience extremely large fluctuations. Moreover, before they take control, you don't know if there are any big players lying in wait. If you're not careful, you can lose everything.

Wang Tao's eyes flashed with admiration. Although Fuchun Road was known as "Livestock Village," he didn't think there was anything wrong with what they were doing.

After all, once you've made money in the stock market, who cares about morality, righteousness, propriety, wisdom, and trustworthiness?

But admiring it as he pleased, Wang Tao wasn't about to let this once-in-a-lifetime opportunity slip by. He also threw out some of his Haitong Foods shares, trying to pick up the blood-stained chips.

……

And at the same time.

the other side.

Financial Research Network office space.

Looking at the sudden increase in selling pressure, Zhang Yang, holding his Nokia phone, quickened his pace and said, "The selling pressure has increased considerably. From now on, we will cycle through 5 large orders, 2 medium orders, and 1 small order. The amount of large orders will be increased by 5 Chinese yuan, medium orders by 3 yuan, and small orders by 1 yuan."

"it is good!"

Tao Yuang responded quickly.

Without hesitation, he immediately adjusted the order amount from 30 to 35 Chinese yuan per order.

After placing five large orders, he placed two more medium-sized orders, increasing the purchase amount from 100,000 yuan to 130,000 yuan.

The 531 order cycle made Tao Yuang's hands move so fast they were like a blur.

Fund managers such as Su Jing, Kuang Yongrui, and Yuan Yutang did not directly sell at the daily limit down, but instead engaged in a ten-level price tug-of-war.

They wanted to know how much money Fuchun Road actually had.

The two sides traded back and forth between 3.68 yuan and 3.77 yuan, neither willing to give in. Seeing that the time was right, Zhang Yang immediately said, "Stop placing orders!"

"what?"

Tao Yuang paused for half a second.

"Stop placing orders and let the stock price fall. Do not take any further action!" Zhang Yang said, his tone becoming more forceful.

"it is good!"

Tao Yuang removed his hands from the keyboard.

3.74 yuan.

3.71 yuan.

3.62 yuan.

Without any capital injection, Haitong Foods' stock price plummeted.

Looking at the flat intraday chart, Su Jing couldn't help but exclaim excitedly, "No new orders? Has Fuchun Road run out of funds?"

Not only him, but other fund managers were also somewhat surprised. They hadn't even officially started working on it yet, and "Fuchun Road" was already failing?

[Bosera Funds - Yuan Yutang]: Is that all? Fuchun Road is out of money?
[Fullgoal Fund - Kuang Yongrui]: He bought less than 2000 million, he probably really ran out of money, we bet right haha!

[China Asset Management - Qi Zhenbang]: Even Fuchun Road has its day, haha!
[Huitianfu Fund - Su Jing]: Push it up, pin Fuchun Road to the daily limit down, and if it hits the limit down again tomorrow, he's probably finished!
As soon as the news was released, orders at the ten-fold lower end of the price range were placed, causing Haitong Foods' stock price to plummet.

At 10:02 AM, Haitong Foods' stock price was pushed back down to the daily limit of 3.45 yuan.

The intraday chart, showing a dramatic shift from limit down to limit up, then back down to limit down, stunned all the investors watching from the sidelines.

[Pushing Your Toe Requires Straining]: Has the battle between bulls and bears ended so quickly? How about Fuchun Road? Hahaha!
[BabyBus]: Fuchun Road, Fuchun Road, you did something awful, now you've been sniped! Now you should obediently cut your losses and run away, hahaha!

[Teacher's Beloved]: It's too intense! It hit the limit down and then the limit up, and the limit up was reversed to the limit down. It's a pity that too much money was invested in Fuchun Road. If I remember correctly, it was bought above 4.7 yuan. Now it's a huge loss!

[Cola without ice]: Feeling sorry for Fuchun Road? If you're not a bro, are you a masochist? You've developed feelings for them after being exploited? Give me your address, and I'll whip you to death.

[A touch of sadness]: I'm a psychologist, and I feel sorry for the people on Fuchun Road. They probably have a condition called Stockholm syndrome, which refers to the psychological state in which victims develop emotional dependence, sympathy, or even identification with their abusers after long-term violence, control, or abuse.

[Unrestrained Cake]: So this is an illness? I thought I was just naturally a masochist.

Just as retail investors were chatting idly, Haitong Foods' stock price, which had been locked at the daily limit down, suddenly reacted, with a soaring positive candlestick appearing on the charts and the stock price rising rapidly.

3.59 yuan.

[Stock Anomaly Alert]: Haitong Foods saw a super buy order of 500 million yuan.

3.88 yuan.

[Stock Anomaly Alert]: Haitong Foods saw a super buy order of 300 million yuan.

4.21 yuan.

[Stock Anomaly Alert]: Haitong Foods saw a super buy order of 200 million yuan.

The rapid price surge, accompanied by unusual fund flows, attracted the attention of more and more retail investors, who clicked on Haitong Foods' intraday trading screen.

Looking at the soaring stock price, Su Jing couldn't help but curse angrily: "You idiot Fuchun Road, you son of a bitch, you sneak attack!"

It wasn't just Su Jing; other fund managers were also cursing and swearing.

"Damn Fuchun Road, they have no sense of martial ethics!"

"Fuck your mother, Fuchun Road! Still struggling in its death throes? Why don't you just hand over your chips obediently? Why do you insist on making us your strictest fathers!"

"So cunning, so shameless, so lacking in martial ethics, it's definitely Fuchun Road! Damn it, smash it!!"

All of a sudden.

A new round of battle between bulls and bears has begun.

Like a flood bursting through the market, the stock price fell again.

Zhang Yang stared calmly at the screen, his tone devoid of any emotion as he said, "Continue to give up resistance and wait for the stock to hit the daily limit down."

Tao Yuang: "Okay."

Due to a lack of funds to support the stock, Haitong Foods' share price exhibited an "M-shaped" pattern and was once again pushed to the daily limit down.

Before retail investors could even gasp in surprise, and before the fund managers controlling the market could react, Zhang Yang calmly issued the order: "Pull it up to the daily limit again."

3.52 yuan.

[Stock Anomaly Alert]: Haitong Foods saw a super buy order of 700 million yuan.

3.88 yuan.

[Stock Anomaly Alert]: Haitong Foods saw a super buy order of 500 million yuan.

4.21 yuan.

[Stock Anomaly Alert]: Haitong Foods saw a super buy order of 100 million yuan.

The M-shaped chart had turned into an MN chart, which annoyed Su Jing. He gritted his teeth and said, "Damn Fuchun Road, how come they still have funds?"

"Should we continue smashing it?"

Ouyang Qinchun asked cautiously.

"Smash it! Smash it heavily! His funds are definitely running out. Fuchun Road can't possibly have any more funds, absolutely not!"

Su Jing was getting a little carried away.

He doesn't believe that "Fuchun Road" can raise 4 million yuan in available funds. If there really is that much money, how do you explain the small profits made by Jianfeng Group and Rhine Biologics?
Imagine you are a speculative investor with 700 to 800 million yuan in available funds. Now there is a very clear short-term trend in front of you. Would you only invest a few hundred million or tens of millions?

No doubt about it!

With a clear short-term trend, speculative funds with a size of 700 to 800 million are basically aiming to manipulate the market.

Even if they can't be the market maker, they will still try their best to collect chips when following the flow of funds.

Su Jing didn't believe that "Fuchun Road" still had funds, and not only Su Jing, but other fund managers also didn't believe it.

[Stock Anomaly Alert]: Haitong Foods saw a super sell order, amounting to 500 million.

3.88 yuan.

[Stock Anomaly Alert]: Haitong Foods saw a super sell order, amounting to 400 million.

3.65 yuan.

[Stock Anomaly Alert]: Haitong Foods saw a super sell order, amounting to 200 million.

3.45 yuan.

Haitong Foods' stock price was once again hit by a limit down, and this time it was different from the past. Fund managers such as Su Jing, Kuang Yongrui, and Qi Zhenbang all adjusted their positions to sell heavily, and now there are as many as 100,000 sell orders in a single order.

One lot consists of 100 shares, so 1000 lots would be 10 million shares, totaling 3450 million.

"Eat! You fucking eat it!"

Su Jing couldn't help but sneer.

As the top scorer in the city's college entrance examination in the 90s, his thinking and IQ far exceeded those of ordinary people.

He didn't think he had miscalculated the financial situation of "Fuchun Road"; he believed that the other party was just at the end of its rope and was desperately holding on.

He had already pictured a middle-aged man in his mind, furious and impotent, and that middle-aged man was Fuchun Road!

……

China Asset Management Co., Ltd., Shanghai Branch.

Open-plan office area.

Seeing that Zhang Yang hadn't spoken yet, Tao Yuang couldn't help but ask, "Are you still going to push it to the daily limit?"

How much did you buy?

Zhang Yang asked rhetorically.

“Hmm…” Tao Yuang opened his holdings and replied, “Besides the 1000 million shares you sold, I currently hold 2295 million shares of Haitong Foods, so I still have plenty of funds available.”

With a total share capital of 2.3 million, holding 3295 million shares, representing 14.33%, clearly exceeds the 5% threshold for disclosure of shareholding.

However, according to the Securities Law and its supporting rules, when institutional investors accumulate 5% of a listed company's shares through securities exchange transactions, they are not required to immediately disclose their holdings on the day of purchase, but must complete information disclosure and suspend trading within three trading days.

Simply put, when institutional investors hold 5% of a company's shares, they must make a public disclosure within three trading days. Before the public disclosure, they are prohibited from continuing to trade the stock.

It is clear.

Tao Yuang has violated the rules.

But sometimes, "good kids" can't make money.

In the adult world, as long as you can bear the consequences, you can do whatever you want. Only when you understand this principle can you be considered to have an independent personality.

At this point, some people might ask, what are the penalties for continuing to trade this stock before it is publicly disclosed?
1. Administrative fines.

2. Restrict voting rights for 36 months.

The purpose of setting a takeover threshold is to prevent companies from being maliciously acquired.

In theory, if you have enough money, you can forcibly acquire a listed company through the secondary market, and the shareholding threshold is like a reminder.

Returning to the administrative fine and the 36-month restriction on voting rights, let's first talk about the administrative fine. In 2009, it was basically settled with 50 yuan, a consequence that Tao Yuang could afford. Secondly, regarding the 36-month restriction on voting rights, he didn't need that right at all.

36 months?

As long as there are no restrictions on resale, 360 months is fine!
That's why Tao Yuang has decided to go his own way and go crazy with Zhang Yang. If he still can't get rid of Ou Guiyan's control, then he really has to consider resigning.

“More than 3000 million shares, representing 14.33% of the total share capital, is enough for you to increase your returns. Leave the rest to us.”

Zhang Yang said in a deep voice.

"I'm done?" Tao Yuang was stunned.

Zhang Yang smiled calmly on the other end of the phone and replied, "The 4210 million yuan realized from the limit-up, plus our own funds, is more than 2 million yuan, which is enough to solve their problem."

"but!"

Zhang Yang then changed the subject, saying, "If they're desperate and decide to go all in against us, we'll have to use your trump card."

"I see."

Tao Yuang nodded.

Only now did he realize that Zhang Yang's earlier boasting was to allow him to accumulate shares. Now that he had the shares, he could lock them up and wait for the stock price to rise.

"Junior Brother Zhang is really a man of principle; I must cultivate a good relationship with him," Tao Yuang murmured to himself.

For a while, Zhang Yang hadn't contacted him, and Tao Yuang thought he'd been stood up. Now it seems that not only did Zhang Yang not stand him up, but he also thought of him first.

What is benevolence and righteousness?

This is what they call benevolence and righteousness!
As Tao Yuang was filled with gratitude, Zhang Yang, who was far away in the Caiyan.com office, glanced at Liao Guopei and Lin Guangchang with a cold look and said, "It's our turn, place the order instantly!"

"Haha, 12 sell orders at the daily limit down, they probably really think we're out of money!"

"Blood-stained chips taste really good."

While chatting and laughing, Liao Guopei and Lin Guangchang quickly placed a limit-up order, absorbing all the existing orders for Haitong Foods in one go.

[Stock Anomaly Alert]: Haitong Foods saw a super buy order of 2000 million yuan.

[Stock Anomaly Alert]: Haitong Foods saw a super buy order of 1300 million yuan.

[Stock Anomaly Alert]: Haitong Foods saw a super buy order of 1900 million yuan.

At this moment, Haitong Foods' stock chart showed an absurd "MMN" pattern. Even seasoned investors who were familiar with various stock charts couldn't help but sigh in amazement.

[Tick-tock]: What's Haitong Foods up to? Limit up, limit down, limit down again, is the big players out of business?
[The Beast Outside the Window]: Dude, don't tell me this is the market price for a loom?

[I'm not a lolicon]: The price of the loom is fluctuating by 0.1, 0.1 at a time. It's going up and down by the daily limit. This isn't a loom, it's a harvester!
[Lingdong Shuangjiang]: Haitong Foods? Isn't that the ticket from Fuchun Road? Could someone be manipulating Fuchun Road?

The consecutive limit-down and limit-up movements, along with the abnormal stock price fluctuations, have attracted more and more retail investors to Haitong Foods. However, none of them have taken any action, fearing that they might be tricked into buying at the "Fuchun Road" (a stock trading platform) and get burned.

Meanwhile, Su Jing of Huitianfu Fund was completely driven to madness.

"Why?!"

"Why?!"

"Why does he still have funds?!"

Su Jing scratched his scalp hard, and his fingernails were instantly filled with dandruff.

Ouyang Qinchun and Pang Sa exchanged a glance, and the former said in a soft voice, "Brother Jing, do you think we should place a limit-up order now to accumulate shares?"

"Do not!!"

Su Jing was completely out of control; his blood was boiling over in his brain.

He was like a gambler, saying in a deep voice, "If I sell half of my position, I don't believe Fuchun Road can absorb it. If he really had that much money, he wouldn't be following the H1N1 flu fund. He must be bluffing!"

If it were anyone else, Su Jing might have actually made the right bet, but he happened to encounter Zhang Yang, a man with a rebirth cheat.

Conventional leverage estimates simply cannot accurately determine how much money he actually has.

Moreover, Zhang Yang was not fighting alone; he had three generals, Liao Guopei, Lin Guangchang, and Tao Yuang, to help him.

Su Jing calculated the beginning and the path correctly, but he couldn't predict the final reward!

Hearing that Su Jing was going to continue smashing, Ouyang Qinchun and Pang Sa exchanged a glance, and the latter nodded slightly, indicating that they would listen to Su Jing.

Although they are both fund managers of the "Huitianfu Balanced Growth Equity Fund", they are only assistants.

Of course.

Every "deputy" has the desire to be promoted to a permanent position.

As for how to get promoted, neither Ouyang Qinchun nor Pang Sa knew.

But now, they've started praying in their hearts that Su Jing is wrong, so they can report Su Jing to their superiors. Even if they can't get a permanent position, their power should be divided into three parts, instead of being a one-man show.

(End of this chapter)