Reborn as a female internet celebrity in a county town

Chapter 172 Can a fund earn 11 points in a day?
Thursday, October 12th.

In the A-share market, if a theme becomes a hot topic for three or four consecutive days, then... it can basically attract the attention of most of the market.

Even in the current bear market, there is still a considerable amount of hot money circulating in the A-share market, amounting to hundreds of billions or even trillions of yuan.

Therefore, the 5G sector and the ultra-high voltage sector, especially the leading stocks on both sides, hit their daily limit down during the opening auction.

Lin Lang symbolically accepted over 20 million chips and then stopped.

Besides the leading stocks hitting their daily limit down, other stocks related to themes also experienced significant declines to varying degrees. A drop of five or six points at the open was considered good, and some individual stocks even rose slightly when others hit their daily limit up, but also fell to their daily limit down when others hit their daily limit down.

Yan Li looked at the more than 30 stocks in his portfolio. Nine of them had hit the daily limit down, and the rest had fallen by at least five or six points, with most falling by seven or eight points. He felt that what he had said last night had come true.

She clearly sent Lin Lang a picture of her legs last night.

However, it was posted a bit late; she only remembered it when she was almost asleep.

Lin Lang couldn't have missed it, could he?

……

Lin Lang had been watching the market closely, and today's plunge to the daily limit was entirely predictable.

In fact, if he hadn't had that much funding later on, he wouldn't have survived until now.

But now he has money, and it keeps coming in.

Today there are a whopping 800 million, what about tomorrow?

Yan Li doesn't post any new content now, yet she gains 100,000 followers a day, and her previously low conversion rate has also changed.

Profits drive more people to enter the market.

Today's sell-off is essentially the main force preventing large funds from escaping.

It's not necessarily about guarding against him. There are no fixed enemies in the stock market; everyone makes decisions based on the flow of money.

Those who have a lot of chips in their hands are definitely not going to let others come in and take advantage of them, because once they are taken advantage of, they will have to raise them for a long time.

After a three-day surge, it was immediately driven to the daily limit down, which is essentially a coup attempt to force others to invest their money.

If others don't bring in money, the business is over; they should just stay put.

They only stop dumping their shares when others are putting money in.

Of course, there is another interpretation of this situation: the major players who hold a large number of shares want to distribute their shares and see if any large funds are willing to take them over.

After all, if the shares are too concentrated, it is difficult to drive up the price, and the cost of doing so is also high.

For major players who control a large number of shares, even if they sell tens of millions or hundreds of millions of shares at the limit-down price today, it's still a profit for them. It's equivalent to a block trade, so they'll definitely get a discount.

Dongfang Communications has been rising for several days. By releasing some shares at the limit down price at this time, they can not only realize some profits, but also make the shares they hold even more valuable in the future.

Essentially, it's like an auction in a vegetable market. The more people willing to bid, the higher the price will be. If there are only a few people, no price will ever be offered.

About an hour later, Lin Lang gave the order.

"Start immediately, and invest all available funds according to the previous holding ratio!"

We have to get up there today!
Otherwise, the market will be gone.

Although his entry into the market this time wasn't too far off in terms of timing, it was a proactive move that initiated the market rally. Originally, the relevant themes were supposed to take off on the back of positive news next week.

For example, Dongfang Communication will rise from a low of 3.7 yuan to a high of 41 yuan within the next three months, a tenfold increase.

The main reason is the start of issuing 5G licenses.

Even though Eastcom doesn't have a strong connection to this, it has a small market capitalization and is considered a core company in the 5G sector. Plus, the market has been bearish for a year, so there's a lot of money in the market looking to make money.

Especially in January, before the Lunar New Year.

Even if Lin Lang does nothing, this stock will hit the daily limit 26 times in the 58 trading days from December this year to February next year.

From this month to the end of January next year, the entire 5G sector index has surged by 45%, and the ultra-high voltage power transmission sector index has surged by 40%.
For leading stocks, the gains were generally more than three times.

Lin Lang had to hold on for a few more days, no matter what, until good news came out.

It won't be easy for Tianjin Capital to land smoothly and exit with substantial profits.

Because the amount of funds is getting larger and larger...

The large amount of capital gives Lin Lang better opportunities to operate, at least preventing him from being easily manipulated by others.

However, this also comes at a price; as the position becomes increasingly heavy, it becomes difficult to exit.

With Lin Lang's investment of over 800 million yuan, more than a dozen stocks that had hit their daily limit down were quickly lifted and continued to rise.

Other tickets with prices six or seven points below the waterline also started to rise sharply...

Originally, 800 million was not enough to make all 30-plus stocks perform well. Even if Lin Lang concentrated on the top 10-plus stocks, it would still be slightly insufficient.

On the Eastern Communications side, they poured in 90 million yuan, but only managed to get about six points on the water.

Lin Lang spent nearly 50 million yuan of his funds on the limit-down day alone.

However, after Lin Lang's surge, other funds followed suit, and within a total of two minutes, the stock successfully hit the daily limit, with over 20 million yuan invested.

But Lin Lang didn't want the other side to seal the board so easily.

It's clear from the market data that the funds involved are united in their bullish view, with no disagreement whatsoever.

Otherwise, the relay wouldn't have been so fast, which means they had been prepared for a long time.

Since that's the case, Lin Lang has to put some pressure on them.

He has plenty of chips in his hand; the chips he bought a few days ago haven't been touched yet.

"In the 5G sector, sell off shares at the daily limit up... start slowly and then quickly, stop selling once the limit up is broken..."

"We've also released some funds from the ultra-high voltage sector, boosting Baobian Power and pushing it to the top position..."

5G and ultra-high voltage power transmission are closely related in terms of industrial logic. Although they are not directly related as upstream and downstream industries, they complement each other.

……

Yan Li's palms were sweating.

Lin Lang is simply too ruthless; even in this kind of market, he still resolutely charges in.

They even have to dance on the edge of a knife.

Even though everyone else had already sealed the board, he still wanted to smash it.

Aren't you afraid it will break?

What's the use of throwing out tens of millions or a hundred million? Compared to a massive sum of over three billion, it's negligible.

Fortunately, until 11:30 a.m., several leading stocks were fluctuating between opening and closing at the limit up price. Lin Lang was able to cash out nearly 200 million yuan worth of shares at the limit up price.

In fact, Tianjin Capital does have redemptions, but the percentage is very low, with only a few million redeemed every day.

There are always some conservative investors who decide to withdraw after making ten or twenty percent profit.

During the meal, Yan Li noticed that Lin Lang seemed very hungry, so she shared some of the food from her plate with him.

Mental work is sometimes no different from physical work; the brain consumes a lot of energy, making people particularly prone to hunger.

However, Lin Lang quickly said, "No need to give me any more, I can't eat too much."

After all, the market opens at 1 p.m., so time is very limited.

If you eat too much, your brain will become sluggish.

Yan Li whispered, "Have you thought about how to get down?"

She was just giving Lin Lang a slight reminder to prevent him from getting too carried away.

Lin Lang laughed and said, "Going down the mountain is an essential skill for any scumbag. Didn't you call me a scumbag? You have so little confidence in my ability to go down the mountain?"

"Then Xu Kechen also dropped a bombshell."

"That's his dish! Purely vegetable!"

Yan Li sighed helplessly, "Yes, yes, you're the best." She saw that Lin Lang seemed to enjoy the title of "scumbag," and she couldn't describe how she felt.

What decent person would like a jerk?

……

At 1 p.m., after the market opened.

The leading 5G stock experienced a large amount of selling pressure, dropping by two or three percentage points.

Yan Li's heart leaped into her throat.

Because they ran out of money.

She saw that Lin Lang looked relaxed and didn't know what to say.

If only this guy hadn't crashed the market.

Not only were they dumped in the morning, but another 20 million yuan was dumped immediately after the market opened in the afternoon.

Just as she was looking at Lin Lang, the market continued to drop by two points.

At this moment, Lin Lang gave the order, saying, "Put all the funds in, focus on locking in the price at the limit up!"

After such a long period of market manipulation, the power of retail investors is almost insufficient to prevent him from hitting the daily limit.

Even if we average it out across individual stocks, each stock would only have a little over 20 million.

That's enough!

If the main players inside don't attack, no one else can attack them.

Are you afraid of the major players dumping shares?

Don't be afraid!
Because he'll smash himself!
After the price hit the limit up, without waiting for the major players to react, he gave the order, saying, "Continue selling at the limit up price..."

Yan Li: "..."

What kind of crazy move is this?

Is a T-shaped pattern made on the board?

Small profits are easily lost, and they can easily ruin the entire market.

But... it didn't crash until the market closed.

At the close of trading, Dongfang Communication did not hit its daily limit, but it still rose by 9.89%.
The team failed to close the gap after three attempts, but it's practically the same as closing it, just one level lower.

Lin Lang's actions, which were like dancing on the edge of a knife, left Yan Li even more confused.

Could this guy have been faking it all along?

Without ten years of experience as a scumbag, one wouldn't have such audacity.

Only after getting used to being a scumbag do you learn to dance on the edge of a knife.

"That's it for the day, time to go home!"

After leaving the trading room, Lin Lang left immediately, not wanting to stay for even a minute longer.

He was absolutely unwilling to wait, as that would make him feel like he was being treated like a beast of burden.

If you're reborn and still end up being treated like a beast of burden, then what's the point of being reborn?
Yan Li, on the other hand, was waiting for today's data to be released.

Today's data is outrageous. She only glanced at the total funds and knew that today's net value was a bit frightening.

At the opening, the total capital was a little over 3 billion, but by the closing, the total capital had reached nearly 3.4 billion.

However, account data and report data are different, and there will be some errors.

The reported data will often be slightly lower, since today's management fees need to be deducted.

The data shown to fund investors is the amount they can take away if they redeem their funds today, assuming the price remains unchanged tomorrow.

In fact, besides the money of the fund investors, the company's money, and Lin Lang's money, there is another sum of money in the account, which is the management fee that the company collects.

However, Yan Li did not withdraw the management fees, but instead reinvested them into the fund as principal.

It's somewhat similar to dollar-cost averaging with compound interest.

The risks are high, but the returns are even greater. Fund companies generally don't do this; they have a guaranteed income regardless of market conditions.

For Tianjin Capital, there is no guaranteed income regardless of market conditions. If the fund's performance is good, the company can survive; if the fund's performance is bad, the company is finished.

So... we definitely have to take a big gamble.

There's a lot of data today; I've been busy for a long time and still haven't finished.

Yan Li had no choice, as the company's manpower gradually became insufficient as the amount of funds increased.

She had already been working to a very high standard, managing funds of over a billion yuan was no problem at all.

After all, managing a stable amount of over a billion yuan in funds and receiving various fees of around thirty to forty million yuan annually is just enough to cover the company's daily operations.

From renting apartments to paying employees' salaries.

The employees' salaries are not low. With social insurance and housing fund contributions, as well as various subsidies, on average, it costs between 30,000 and 40,000 yuan per month to pay each employee.

She didn't even calculate her own salary; the more than 40 million yuan a year was just enough.

By 3:30 p.m., fund investors were already impatient.

After all, the net asset value had been consistently announced at 3:30 pm, and Tianjin Capital's fund investors, who mostly came from the internet, had basically developed the habit of doing it at 8 am.

When the page suddenly stopped refreshing, Yan Li's comment section went into complete chaos.

"Wait, why wasn't the net asset value released today? Did something happen?"

"Damn it, I'm so anxious! I even borrowed money and put 100,000 yuan into it. What if I start losing money right after I bought it?"

"Something's definitely up to no good. They used to release the net asset value at 3:30 every day, so what's going on today? That's my hard-earned money!"

"No, no, I feel like something really has happened. It's been almost twenty seconds and it still hasn't refreshed."

One rational user commented, "These are all normal; many funds don't even release their net asset value until midnight."

"Those funds are afraid that users will redeem their funds after seeing the net asset value drop!"

"Damn, could it be that Tianjin Hybrid Selection Fund plummeted today? Are they deliberately delaying the release of its net asset value to prevent us from redeeming?"

"That's actually quite possible!"

"Aren't you guys country bumpkins? The market's already closed. If you want to redeem, it'll only be for tomorrow. There's no room for maneuver today. They won't even confirm your application."

"Then why do other funds only release their net asset value at midnight?"

"That's the time they set themselves, who knows what they were thinking? There's no strictly fixed time for this..."

A chaotic online battle is about to erupt.

Tianjin Capital didn't update its net asset value until 3:40 PM.

The moment the net asset value (NAV) appeared, someone in the comments section shouted, "Guys, the NAV is out!"

"Fuck!"

"Fuck!"

"Fuck!"

Below this comment, there was a series of "Holy crap" replies.

This formation was maintained for dozens of floors.

Suddenly, someone changed the formation.

"I didn't mean to disrupt the flow of the discussion. I just wanted to ask, is it possible for a fund to earn 11% in a day?"

(End of this chapter)