Reborn as a female internet celebrity in a county town

Chapter 200 I Have a Little Bit of Shame

Yan Li was quite convinced by Lin Lang's series of remarks.

Why is he so fixated on being labeled a "scumbag"?
Moreover, is there a difference between a scumbag and a scumbag?

She was genuinely worried that she wouldn't be able to handle everything in the coming days.

Although newly issued funds do not have such high requirements for position size, it is possible to hold a portion of the fund's portfolio in cash.

However, confirming too many shares will dilute tomorrow's net asset value.

Just like today, if it weren't for that 1.8 billion, even if Lin Lang had made a reverse T, the overall net value today should have been around nine points, not less than seven points.

This is only the impact of 1.8 billion yuan. What if it were the impact of more than 4 billion yuan?
After all, there's no way to increase the position in small-cap stocks anymore, so the more other funds there are, the greater the impact on net asset value, since other stocks can't be as volatile as those small-cap stocks.

She knew Lin Lang was already preparing for a smooth landing, even though it would be difficult.

But she really hadn't expected to take such a big step.

This suggests that Lin Lang might be in a great hurry and won't be able to hold on for more than a few days.

A large amount of capital is now needed to help him mitigate the consequences of the collapse.

Indeed, confirming a large amount of funds in the short term will dilute the growth of net asset value.

However, there is also an advantage, which is that it dilutes the decline in net asset value.

As long as there are enough other funds, even if all the small-cap stocks in the portfolio hit their daily limit down, the overall net asset value may only drop by two or three percentage points.

Besides this reason, she couldn't think of any other reason why Lin Lang wanted her to confirm everything.

She could completely understand that Lin Lang's ability to persevere until now was already quite remarkable.

This is something that can be done by simply manipulating the market.

For some short-term market movements, 5% of the shares might be enough to accomplish a lot, but what about now? It's been going on for nine trading days already, and with a maximum holding of only 5% of the shares, there shouldn't be any room left.

This is why Lin Lang asked himself to release the videos; he needed retail investors to come in and act as a support.

Clearly, the number of retail investors who entered the market today was less than expected.

Lin Lang's forte, off-market trading, has already exhausted its potential. Tomorrow will be the turning point for this round of market activity.

I just don't know how many will be released tomorrow...

However, if we work overtime today to confirm all 4 billion yuan of funds, wouldn't we have more than 17 billion yuan of funds tomorrow?
Will it break the 20 billion mark next Monday?

How did it grow from zero to a scale of 20 billion in just ten trading days?

Is a fund that almost failed to complete its fundraising process really going to reach this point in just fifteen days?
There are very few funds in China that have exceeded 20 billion yuan in size.

In terms of size, it is indeed still quite far behind those established funds, but individual funds are already moving towards the top.

After returning home, Yan Li immediately began making plans.

The outcome is predictable: the road downhill will inevitably be bumpy, with net asset value declining, funds being redeemed, and so on...

If the withdrawal starts tomorrow, there will likely be no further opportunities.

However, there should be a lot of subscriptions next Monday. Even if the net asset value is not good on Friday and there are a lot of redemptions, it can only be counted as redemptions on Monday. The money will only need to be put out on Tuesday.

Even if there are still subscriptions at that time, they will be offset by redemptions, and the redemption scale may even be much larger than the subscription scale.

"Perhaps there's a chance to briefly break the 20 billion mark next Monday, but we definitely can't buy it all; we need to reserve some funds for later..."

"Holdings in small-cap stocks worth over 11 billion yuan..."

With such a large sum of money, Yan Li had no idea how to adjust the portfolio.

For small-cap stocks, a few tens of millions of yuan can bring the market down. Yesterday and today are good examples. If Lin Lang hadn't stepped in to push up the price, the stock price would have collapsed.

There are multiple balances in the market, and each balance system must be taken into account.

Even if major players can easily drive up the stock price, it doesn't necessarily mean they'll make a lot of money.

Essentially, you have to make others lose money so that you can make money. However, this loss is more conceptual and doesn't refer to unrealized profits or losses. It means selling your shares to others at a high price and then buying them back at a low price. That's how you make money. Both shares and funds are indispensable.

"Can we generate 4 billion in the initial stage? If so... even if it drops further, we should still have 2 to 3 billion left. In that case, the net asset value won't drop much... We should still have a net asset value of around 1.6 or 1.7, and the overall performance will still look good..."

Yan Li can only hope to preserve some of her net worth.

Looking back on the past nine trading days, she went from not understanding it at first to seeing the results after repeated reviews. Lin Lang's battle with the major players was truly fascinating. She didn't know if anyone else would have achieved the same effect, but for Tianjin Capital, there was no more suitable choice than Lin Lang.

After washing up, she lay in bed, picked up her phone, and took a picture of Lin Lang.

This habit has become... I can't sleep soundly if I don't post photos.

I woke up to find it was already Friday.

This is also the last trading day of the week.

Yan Li arrived at the company early, without even checking her account which had grown to over six million followers.

To her, none of those things mattered; they were merely her tools.

Lin Lang didn't take any videos of her today, which shows that he wasn't very interested.

Around nine o'clock, Lin Lang sat on the sofa in the lounge, seemingly deep in thought. Yan Li walked over, reached out and straightened Lin Lang's tie, and said, "You've already done a great job. You can accept whatever the outcome is."

Lin Lang looked up and asked, "How did you know?"

"I saw it."

"Huh? You spied on me? When? Where?"

Yan Li: "?????? I meant the fund."

"Oh oh oh..."

"what you mean?"

"I was referring to funds, of course...right? What else? Time's up, let's go to the trading room..."

Lin Lang got up; he had just eaten too much for breakfast and was resting here for a while.

Once in the trading room, Lin Lang began issuing instructions, as there were over four billion yuan in funds available today.

The positions are the same as yesterday, but with a key focus.

Yesterday there was too little capital, and those stocks didn't offer much room for growth. If too much capital enters the market, it's easy to push the price up.

The amount of capital is relatively large today, so even a slight upward movement is acceptable.

The opening auction is the best time to acquire chips, often resulting in the acquisition of tens of millions.

After the opening auction ended, the bidding results for the 5G and ultra-high voltage power transmission sectors were also released.

Most stocks opened one or two points higher.

Yesterday it hit the daily limit, and today it opened higher; there are only two possibilities.

One possibility is that the major players are driving up the price to cash out at a high level, just like Lin Lang did when he pushed the price up to the limit last time.

However, this doesn't apply to the current situation. After all, the major players won't exit, and there's too much retail investor capital. If the price surges, it will only give retail investors opportunities to trade within a range.
Therefore, only the second possibility remains: the market has a strong desire to acquire shares. Even knowing that the stock may fall, people are still willing to buy at a slightly higher price.

After all, if these stocks are allowed to open lower, the shares bought at high prices yesterday will not be profitable, and naturally there will be no desire to sell them.

Opening one or two points higher is the most cost-effective way to grab shares.

This is the benefit of the Tianjin Hybrid Selection Fund's net asset value dropping yesterday. With the net asset value decreasing, investors have more options.

"Slowly release the chips, at most hitting a single point underwater. Follow this standard, releasing as many chips as possible..."

"It stopped moving after hitting the water, so I'm not buying..."

After Lin Lang gave the order, it was smashed down in less than five minutes.

The market for small-cap stocks is still somewhat fragile; a few million can drive the price down by more than a dozen levels.

The stock prices of smaller stocks are also relatively low, with prices in the teens range possibly only increasing by two or three percentage points.

This is considered relatively strong support. Some stocks with little popularity don't even have 30,000 units of support, and a few million units can easily drive them down to the daily limit.

Then, it basically traded sideways. It was obvious that after it reached the bottom, the trading volume started to decline, but there was a slight rebound.

About ten minutes later, they slowly returned to the water.

Lin Lang: "It will be carried out on the water..."

Yan Li stood to the side, watching Lin Lang carefully make the arrangements.

In reality, not much capital actually escaped. If the price were to plummet, the buying support might be better at the limit-down price...

The price is neither high nor low, and the turnover rate has dropped significantly.

At this rate, each ticket is estimated to generate less than ten million in revenue per day.

If the market trades sideways today, not only will no funds come out, but no net asset value will be generated either. The outcome next Monday is predictable... It's basically a lose-lose situation.

It was around eleven o'clock.

Lin Lang issued another instruction: "Pull up by about three points, but the funds used for each stock should not exceed five million! Stop if it doesn't go up... After it goes up, slowly sell off your shares at the nearby price levels, and try to free up twenty million in funds for each stock."

This is another meticulous task. Yan Li has added three more traders, bringing the total number of traders in the trading room to twelve. They are already quite busy.

Lin Lang's instructions were easy to give, but actually very difficult to carry out.

Small-cap stocks are fragile and cannot withstand volatility.

It wasn't until 11:30 that everyone came out of the trading room and started eating.

Yan Li sat opposite Lin Lang and said, "Now that there is a buffer, it would be better to just dump the shares at the limit down price."

She was worried that Lin Lang might not want to suffer too much loss, so she took the initiative to suggest this solution.

As a result, Lin Lang shook his head, "No, that would make retail investors get used to it and they won't buy unless the price hits the daily limit down."

"Huh? As long as there's a willingness to take on the task, isn't that a good thing?"

"We can't spoil them! Even if there are three or four locations on the water today, they still have to take on the tasks they're supposed to!"

Yan Li: "..."

Who's really indulging whom?

It's clearly Tianjin Capital that needs retail investors' funds for support, but it feels like Lin Lang is threatening retail investors, forcing them to come in.

What on earth is he thinking?

Yan Li quickly found out when the market opened in the afternoon.

Because... after Lin Lang made a splash, he kept shipping goods at around three points on the water, and there were even many people willing to take on the goods at these locations.

Before anyone knew it, many stocks had already sold off tens of millions of shares.

The retail investors seem to have a masochistic streak; they don't buy when the price is low, but when the stock price rises, they start scrambling to buy.

Although the overall efficiency of chip distribution is still low, the quality of the chips distributed is very high.

If the price drops to the daily limit down again, then it's very likely that 3 billion yuan will be sold off today.

Lin Lang's grasp of the market was incredibly precise. He said he would have others take control at three points on the water, and that's exactly what happened.

"The funds that flowed out of more than a dozen leading stocks today were all put in three batches and started to ignite the market..."

"what?"

Yan Li couldn't help it.

Lin Lang did not ignite all the stocks, because there were some stocks he wanted to give up.

In the future, the positions in those stocks will only decrease, unless he is needed occasionally to provide final support; otherwise, he will only reduce his holdings on a regular basis.

There must be other reasons why a leading stock becomes a leading stock, besides its suitable attributes.

For example, the main force's control over the stock is not strong, retail investors have a high willingness to participate, the company's business is easy to get involved in hot topics, and at the very least, the leading stock must have a good-sounding name.

Those with difficult-to-pronounce names are at a natural disadvantage.

Yan Li watched helplessly as more than a dozen stocks were driven up by a large positive candlestick.

Tens or twenty million yuan is not enough to lock in the price, but... once it started, it didn't take much effort at all.

Even though the second phase has only just begun, the stock has already hit its daily limit. The downside is that the funds used to lock in the limit are not much, mostly only a few million.

Without a doubt, Lin Lang made another reverse T today, but...

Wasn't he planning to run away? Why did he put the funds he had worked so hard to clear out back into the bank?
Starting at 2 PM, Lin Lang only helped some other stocks that hadn't hit their daily limit up during the final stage before they were about to do so; otherwise, he didn't pay any attention to them at all.

Yan Lin could see that the trading volume had been increasing after the stock hit its daily limit, and today's turnover rate was gradually catching up with yesterday's.

However, Tianjin Capital did not use a lot of funds or resources; it was merely providing support from the sidelines.

If they continue to sell at the limit-up price, then... the value will be even greater.

It might not only preserve today's net asset value, but also allow a significant amount of capital to exit the market.

Sure enough, Lin Lang's next step was to issue an order for these small-cap stocks to start selling their shares at the daily limit up price, mainly in small batches.

Ultimately, at the close of trading, while most of those stocks remained at their daily limit, Tianjin Hybrid Selection managed to clear out 600 million yuan in funds.

Yan Li never expected such a good result. Not only did she preserve her net worth, but she also freed up a considerable amount of capital.

perfect!

As they walked out of the trading room, Lin Lang said to Yan Li, "You're going to a meeting tomorrow, right? When you get there, find someone and tell them how wronged you feel. Say that we originally wanted to follow the public fund regulations properly, but it seems that information was leaked and we're being maliciously targeted... The fact that our company's holdings information appeared online is evidence that there must be a traitor within our ranks... We had no choice but to retaliate during this period, otherwise the fund investors would lose all their money..."

Furthermore, we have already begun shifting our positions, and we will certainly leverage our strategic importance to contribute to maintaining the stability of the financial markets…

Yan Li: "...Why don't you go instead...I have a little bit of pride..."

(End of this chapter)