Chapter 26#

“Are you crazy?” Having steadily earned 27 times the profit and avoided the terrible crash, Xiao Yun had just breathed a sigh of relief. Who knew that Chen Yuanming would rush into the stock market again at this time? He only felt his temples throbbing, and he just wanted to discipline this ignorant brat on behalf of his elders!

Chen Yuanming was noncommittal, just staring intently at a certain stock on the board. Amidst the plunge, only it maintained a steady hovering posture, with a trading volume of several thousand every day, looking incredibly sexy. In this era, many people may not know the reason and will only think that this stock is very reliable and may be a good investment target. But Chen Yuanming knew that someone was manipulating the market, using money to manipulate the rise and fall of stock prices in this almost barbaric golden age of stocks.

In his previous life, when he entered the stock market, he happened to encounter the demise of the era of market makers. He had never really seen those guys who could turn the clouds with a flip of their hands manipulate the market, but he had heard of many classic operation cases, and the stock in front of him was just one of them. The stock market has plummeted in the past two days. There are many weeping citizens at the entrance of the securities company. Many of them have spent their life savings to fight for a way out, but in the end, they failed and were trapped by the big bear for several years, or simply cut their losses and left the market. Among them, there were rash advances, greed, and general trends, but there was also malicious manipulation.

Having seen too many painful faces, suddenly, he had a little impulse. If he operated in the opposite direction against this market maker, what would happen… He might not be able to save the market, save the people, or affect this monstrous situation, but what about those retail investors who took over the market because of the malicious manipulation of the market maker? Could he change anything?

Almost on impulse, he rushed back into the stock market like this.

“It’s okay.” Just after placing an order, Chen Yuanming stood up from the sofa and wandered around the compartment for a few laps. “I just suddenly had an impulse. I’ll play a round and leave. It won’t affect the new stock subscription.”

Xiao Yun looked at the boy in front of him, somewhat unsure of his thoughts. He could see that Chen Yuanming didn’t seem to be seeking profit this time. On the contrary, his operation looked terribly strange. He bought at a high price and then sold at a slightly lower price, pulling the stock price up step by step. A large number of retail investors’ stocks flowed through his hands, and the stock price rose from more than 250 yuan to just over 300 yuan in one breath.

“What on earth is he thinking…” Looking at the board, Xiao Yun muttered in his heart. The strange thing about this matter is that he is so crazy, yet there are still people following him. Every sale is taken by someone. It seems that someone is specifically targeting this stock to buy…

Ah, that’s it! Someone is operating on this stock, just like Chen Yuanming is doing. Suddenly, a flash of inspiration struck, and Xiao Yun also reacted. “Is someone manipulating this stock?”

“You saw it?” Chen Yuanming smiled. “Yes, it might be a few people operating jointly. The circulating capital of this stock is too small, and the price-earnings ratio is high, so it is very suitable for manipulation. At present, the other party may have 7 or 8 million in funds. But after the new stock certification, this number is hard to say…”

“What do they want to do by manipulating this? Or rather, what do you want to do?”

Xiao Yun also slowly came around. If you want to manipulate a stock, of course, it is best to buy low and sell high. The other party’s thoughts are not too difficult to guess. They probably want to eat up the stocks in the hands of retail investors at a low price now, and then hype each other up later to artificially inflate the stock price. After the confused retail investors enter, they will sell at a high price.

He could indeed understand such behavior, but what Chen Yuanming was doing was another matter. It seemed that all his actions were not directed at the broader market or retail investors, but at… the market makers?

“Just playing for time.” Chen Yuanming smiled. “Just betting on their strength and ambition. There are still two weeks until the deadline for payment for new stocks. At this time, not many retail investors will follow the market. Those with money are trying hard to find subscription certificates. But those market makers can’t let go of this stock. They must get enough capital before retail investors adjust their investment direction, and then they can lure those retail investors who have not obtained subscription qualifications into the market to take over their plates.”

“So their goal is to stabilize the stock price before the end of the subscription and absorb more stocks, and you are the one causing trouble?” Xiao Yun scratched his chin and suddenly thought of a wonderful description. “Dangling a carrot in front of a stubborn donkey?”

“Ha! Good analogy.” Chen Yuanming laughed and shook his head again. “It’s just that it may not be successful. I believe they also see that someone is wrestling with them now, and they are thinking about seizing the initiative from me or bringing me into this big circle.”

“Aren’t you going?” Xiao Yun asked back. According to the methods of those market makers, money can be made, but according to Chen Yuanming’s, it would be lucky not to lose money.

“I said, just playing a round.” Chen Yuanming replied lightly. In fact, his current mood is hard to describe. So what about the market makers? So what about the manipulation? In China’s stock market, are there few people who use large sums of money to manipulate the market and cheat money? Why should he stand out and be a fool who robs the rich to help the poor, or even fails to help the poor… Could it be that the money came too easily and created a rebellious psychology?

Having said that, Xiao Yun couldn’t ask any more questions. As long as this kid knew what he was doing, it was better for him, a layman, not to talk too much. So on the broader market, a new round of wrestling appeared.

On June 5th, the new stock lottery certification was held. This time, it was a 50% winning rate that drove thousands of people crazy. All tail numbers with even digits were included in the winning range. A large amount of funds flowed out of the market again, waiting for the new stocks to be listed. Chen Yuanming, however, focused on the operation of that stock.

On June 8th, the stock price of that stock shot up to the 400 mark. It hovered at 450 on the 11th, followed by three consecutive trading days with scarce trading volume. On the 16th, the other party began to operate, and the stock price continued to climb. Taking this opportunity, Chen Yuanming distributed at a high level.

Because he was selling as he went, Chen Yuanming didn’t have many stocks left in his hand, and he was almost cleared out in just one day. And in two days, it would be the deadline for new stock subscriptions. A large amount of money was pressed on that stock, but retail investors were still rushing for the last chance and had no time to rush into the market, let alone take over the market at this time. Back and forth, the pressure finally broke through the warning line, and the market maker’s position was liquidated.

Since the market maker might not be a single team, the stock showed a rather weird performance. On one side was selling, and on the other side was trying hard to support the market. But as the selling intensity increased, the support finally couldn’t hold up, and the stock began to plummet all the way. After half a month of turmoil, even the stupidest person should have noticed something was wrong. The price of individual stocks instantly broke through the psychological expectations of retail investors, causing the stock to fall back to the price range it should have had.

In the following days, the trading volume may have increased, but it was more just an urgent manifestation of the market makers cashing out. This stock could no longer make much money. They at least had to ensure that there would be no more problems with the purchase of new stocks.

And with this back and forth, because the operation was too frequent and the price was very unreasonable, Chen Yuanming could only say that he didn’t lose money, and only had a few hundred thousand in income. Compared to the huge profits of any previous business, this was obviously not worth the loss.

Glancing at the leisurely boy, Xiao Yun suddenly felt a toothache. What should he say about this child? It turned out that besides being good at win-win situations, he was also good at lose-lose situations…

“How was it? Feel good?”

Chen Yuanming picked up the teacup and took a sip. Yes, in that memory, a big deal with a stock price as high as 550 yuan and a trading volume of more than 30,000 was ruined by him like this. How many retail investors escaped a disaster?

“Hehe, feels great.”

That afternoon, the part of the money used for market making was also pooled into the new stock subscription. Due to the sufficient number of subscription certificates on hand, Chen Yuanming was not stingy with the principal, and a solid 30 million was scattered out like this. Compared with Chen Yuanming’s boldness, Xiao Yun was obviously behind in the number of subscription certificates. He had no choice but to cover some low-priced old eight stocks, waiting for further price adjustments. Even if he couldn’t make a big profit, it would be more or less a bonus.

However, on the other side of the city, in the large-account room of another securities company, someone overturned the table.

“Fuck your top student! Fuck your huge profits!!” A tall and strong middle-aged man kicked the sofa next to him. The leather surface immediately cracked, and the wooden base of the sofa made a creaking sound, rubbing against the floor with a terrifying noise.

The few people in the room were silent as cicadas in winter, obviously afraid to touch the boss’s bad luck. But how could the furious man let go of this group of useless snacks? His gloomy gaze swept across and locked onto the young man standing at the far end. In just two steps, he walked up to the young man and asked condescendingly, “Xiao Shen, didn’t you say that this deal could earn more than 10 million? Where is that 10 million now? Where is my own 5 million?”

Sweat was already visible on the young man’s forehead, and his black-rimmed glasses were covered in steam. He nervously pushed up his glasses frame, “Boss Hu, this time someone really caused trouble, that’s why…”

“Trouble my ass!”

With a flying kick, the young man groaned and staggered back two steps, almost sitting on the ground. His face, which could be called handsome, had changed color, looking like a lost soul.

“Who the fuck is an idiot?! Not making money when you can, and causing trouble here with me? A top student from a finance university, huh? You’ve read all your books into a dog’s belly. I asked you to help me speculate in stocks, not to go on the field and throw money at people. You’re good, you threw away 5 million for me in one breath!”

Seeing that the other party was about to hit him again, the young man protected his head with both hands and squatted down in horror, “Boss Hu, please, I can really earn it back for you, really! The new stocks will be listed soon, as long as we can buy the new stocks…”

“Buy your mother’s cunt!!” At the mention of this, Hu Yongcai was burning with anger. If he could get the subscription certificate, would he need to set up a trap to be a market maker?! Now it’s great, the new stocks are hopeless, and even the money he earned has been lost by more than half. The few guys who partnered with him originally also turned their faces, and it is said that they want to find trouble with him…

It’s all this jinx’s fault… The man’s eyes became fierce, and the joints of his hands cracked. Even the few guys around him seemed to want to surround him. The young man’s teeth began to chatter, and his legs went soft and he knelt on the ground. “Boss Hu, I can really earn it back. The new stocks will be listed soon. Someone will sell, someone will make the market, really can…”

He was really scared. It was only two weeks, how could things turn out like this? What did he come out for? It was just to earn some extra money, to live a good life with food and drink, not to tie his life to this kind of trash. But now, apart from surrendering, what else could he do?!

Gritting his teeth and looking at the young boy who was scared to tears for a long time, Hu Yongcai took a deep breath. Fine, let him earn it back if he can. Anyway, he has no cards left. At least this dog-headed advisor let him make a small profit in the early stage.

With a cold sneer, Hu Yongcai slowly wandered to the sofa next to him that was still intact and sat down.

“Atone for your crimes… that’s good.” Crossing his legs, he narrowed his small eyes, “But you’d better be able to earn it back, otherwise… humph humph~”

The young man wiped a handful of cold sweat and climbed up from the ground, “I can! I definitely can this time!” As if worried, he stiffened his neck and added, “And boss, this time someone really targeted your market, otherwise things wouldn’t have turned out like this. We still have to be careful…”

“Hehe…” Hu Yongcai was noncommittal. He could also see that the market was a bit strange, but targeted? 6 families operating together, could someone pop up and fight six alone? “Just do your own job well, don’t fucking cause trouble for me.”

Choked by these words, the young man suddenly lost his voice, swallowed his saliva, and stood obediently aside. However, the flame in his heart could not be extinguished. His plan was completely ruined. Extra money, advisor, not getting into danger… all smashed to pieces one by one. He was only a sophomore this year and had a great future ahead of him. Just for this mistake, he lost everything! Could he be reconciled?!

On the color TV next to him, red and green were still alternating, but the young man could no longer see these. His eyes seemed to pierce straight through the screen, staring closely at the big hand that was disrupting the market, the enemy who caused him to fall into this situation.

Don’t let me find you, otherwise, I, Shen Jiankun, will definitely pay you back tenfold!

Teeth still chattering, the young man took off his glasses, wiped the sweat and tear stains off his face vigorously, and silently swore an oath in his heart.