Reborn as a female internet celebrity in a county town

Chapter 206: Limited Purchase Required!
Half past ten in the morning.

Lin Lang wasn't actually in a hurry, because the market's ability to absorb the supply was much better than he had imagined.

For example, Dongfang Communication had over 500 million yuan in buy orders at the opening, and 60 million yuan of those orders have already been absorbed.

In a market rife with emotional selling, the fact that someone could still absorb 60 million in trading volume, with turnover steadily increasing, indicates that their objective has been achieved.

The collapse of public opinion to its extreme isn't entirely without its advantages; at least it prevents the situation from getting any worse.

Today, all the panic has been released, and any step forward will be beneficial.

On the internet, the more praise someone receives in the early stages, the more criticism they will face when their public image collapses.

Similarly, if the plot reverses, then all the criticism will be unfounded, and a great scholar will immediately defend himself, fiercely mocking those who are being swayed, to prove his own wisdom and brilliance.

This is human nature.

As the saying goes, things will turn into their opposites when they reach their extremes!

Lin Lang knew very well that under yesterday's circumstances, even if Yan Li personally came forward to explain, it wouldn't have much effect, because it would have gone against the mainstream sentiment.

People only care about what they believe; whether something is true or false is completely irrelevant.

The opening price did reflect market sentiment, and the market was immediately and heavily sold off. However, the current bearish sentiment could easily turn into bullish momentum.

Lin Lang planned to wait until 11 o'clock before making a move, to let the emotions ferment and attract more investors to watch.

Currently, all the stocks held by Tianjin Hybrid Selection are in the top 100 of the popularity rankings on major brokerage apps, with Dongfang Communication even reaching number one.

This means that a large number of people are paying attention, and everyone is waiting outside.

Today, the most important thing is not the market itself, but the sentiment outside the market.

The longer it builds up, the greater the explosive power of that emotion will become.

However, at 10:40, a large sum of money suddenly appeared, absorbing the 460 million yuan limit order for Dongfang Communication and breaking the limit down.

Upon seeing this immediately, Lin Lang gave the order: "Use 100 million yuan to directly pry open Wufang Technology... With the remaining funds, start acquiring shares from the limit-down price according to your positions!"

Wufang Technology is a stock with little presence. Because its market capitalization is relatively large, now reaching 14 billion, it is difficult for it to hit the daily limit when market sentiment is slightly negative.

Excluding today, in the past ten trading days, Wufang Technology only hit the daily limit for four days, and did not hit the daily limit for the rest of the time.

Its market value has also increased from over 8 billion to over 14 billion, but it is still some distance from doubling.

This was a stock that Lin Lang had chosen long ago, and it was also the only stock he could use to break through the limit down.

He only needs to break through the limit down of this stock, and the overall sentiment will improve. The limit down order for this stock is only over 60 million, while he still has a little over 100 million in upside potential.

Currently, almost everyone knows about the stocks held by Tianjin Capital, and they attract a lot of attention.

Any upward surge against the trend is tantamount to the beginning of a new era for the overall market sentiment.

Even at the very least, it will strengthen market sentiment and create an opportunity for some stocks that have hit their daily limit down with limited funds to break through.

Once the board opens, Lin Lang can go all in on the remaining space.

The butterfly effect can amplify rapidly, and once this emotion takes hold, it's very difficult to suppress.

There are too many users paying attention to these tickets.

Even some blue-chip stocks opened high but closed low in the morning session, with a lot of funds being withdrawn and watching the situation from the sidelines.

In order to maintain sufficient funds, Lin Lang did not arrange for anyone to buy up blue-chip stocks.

As long as the emotions pick up a little, he'll have room to maneuver, at least enough to withdraw some funds. This would allow him to not only push the price up at the close but also potentially open it at the limit up tomorrow.

After the panic selling subsides, the pressure to push the price up to the limit tomorrow will be minimal.

However, he didn't know how it happened, but the toughest nut to crack, Eastern Communications, was suddenly cracked by someone else.

Those who can devour nearly 500 million worth of chips in an instant must be a group of people.

That's 6% of the total share capital.

It's normal that no one held up a sign, since it certainly wasn't done by one person. Buying votes like this in private rarely leads to accountability unless it happens frequently.

Yan Li, standing to the side, saw Lin Lang give the order decisively and knew that Lin Lang had planned it all along.

It's actually Wufang Technology...

No wonder Lin Lang had specifically set aside a lot of space on this ticket.

Originally, even if all the other tickets were combined, there would be no chance to pry open the board.

Without revealing his shareholding, Lin Lang has controlled the market for eleven trading days with less than 5% of the shares.

However, there was one thing she didn't understand: how was Lin Lang so sure that she could stir up emotions just by raising the price by one vote?

Watching the traders act swiftly, the trading volume instantly increased by millions or tens of millions, and seeing more and more limit-down stocks being opened...

Several stocks experienced a sharp upward surge the moment the price hit the daily limit down.

At this point, in less than three minutes, Dongfang Communication had already hit its daily limit.

The moment the price hit the daily limit, Lin Lang's side immediately poured in over 20 million yuan, instantly raising the limit-up funds to nearly 30 million yuan.

Thirty million in funds to lock in the price limit is already considered very strong.

The funds that followed surged quickly, and in the blink of an eye, the total amount of funds locked in orders had reached 50 million.

Then she saw Lin Lang withdraw the funds from his blocked order and then place a new order.

Immediately afterwards, Lin Lang began to sell off his chips in Dongfang Communication, until he had sold about 30 million, leaving him with more than 50 million in locked-up funds.

Lin Lang has broken the rules again!

This constant placing and canceling of orders...

Just like many shops that hire people to queue up, creating the illusion of popularity to attract unsuspecting people to queue up as well.

Then, have the hired actors leave the front of the line and rejoin the queue at the back. This way, the illusion of a very long queue can be maintained indefinitely…

Such behavior is not permitted in public funds.

However, Lin Lang only made this operation on the stock of Dongfang Communication, and it was not frequent, only twice.

For other stocks, he would place orders at the daily limit up price after the price had risen, with each order worth forty to fifty million.

It was 11:30 when the market closed for the day.

Lin Lang followed the others out of the trading room, preparing to go for a meal.

Not long after, Yan Li brought the food over. She and Lin Lang had always eaten alone, but the dishes were the same as everyone else's.

Yan Li waited until Lin Lang and his group had almost finished eating before asking, "Last night you said you were in charge of managing the online public opinion. Did you deliberately steer the narrative towards a market crash?"

Initially, the narrative was merely that Tianjin Capital was risky; no one directly suggested a sell-off or fund liquidation.

However, upon waking up, my emotions reached an extreme.

She was unaware of Lin Lang's actions, and her only understanding of his extreme emotions was that the market was doomed.

However, upon seeing that Lin Lang was prepared, she gradually came to understand some things.

Her statement yesterday to refute the rumors may or may not have been effective.

Rumors are inherently irrational; once they become rational, they cease to be rumors.

Given the prevailing online sentiment at the time, even if one were to refute the rumors, the effect would be minimal. At most, it might prevent a few individual stocks from hitting their daily limit down, but the overall sentiment certainly wouldn't support a higher opening for the market.

Lin Lang pushed emotions to their absolute limit, to the point where there was no more room for further collapse. If he then pulled the market up even slightly, the emotions would reverse completely.

She hadn't checked online yet, but she could already guess what the online sentiment was.

……

"Damn it, which bastard spread these rumors yesterday? Who the hell said Tianjin Capital was criticized by the China Securities Regulatory Commission? Who the hell said that the stocks held by Tianjin Capital were going to be suspended from trading? Who the hell said we should get out of the market as soon as possible?"

"I'll curse your whole family! You bastard, you made me sell all my shares today when the market hit the daily limit down!"

"This is the main force shaking out weak hands! Damn it, the main force didn't have a chance to enter the market, so they deliberately spread rumors. I don't know how many people were shaken out today. It will be difficult to get back in later. They are definitely going to start an accelerated rally!"

"I've been playing with my life on tenterhooks for days, and today I was suddenly kicked out. Are you guys even human?"

"Which media outlet published this first? Can't the government do something about these rumor-mongers?"

"Hehe, it's obvious you're inexperienced. In the A-share market, any positive news is always a trap, and negative news, unless the stock's fundamental logic has changed, is definitely the main players trying to accumulate shares. Anyway, I bought more shares today when it hit the daily limit down, and I'm feeling great now..."

"Thinking about it carefully, it's impossible. If something that serious had happened, the market wouldn't have opened today; it would have been suspended immediately! Also, the rumors that the China Securities Regulatory Commission was holding a meeting—has there been any official announcement? Isn't it just that some mutual funds are getting anxious because Tianjin Capital has taken away their business? It's all based on hearsay, without any evidence whatsoever, and people actually believe it. I just don't understand it."

"I told you long ago that this was a rumor, but nobody believed it. Based on my years of experience on the internet, any news that suddenly appears out of thin air is unreliable. Rumors without substantial evidence, based solely on hearsay, will eventually be overturned! So, no matter what I hear, I let the news circulate for a while and will never believe it easily."

"The major players are getting anxious because they can't get on board. They don't even consider what the A-share market is like right now. It's been a bear market for a whole year. It's not easy for a sector with such strong profit-making potential to emerge. The major players outside haven't had a chance to participate. How can they not be anxious?"

Why didn't Tianjin Capital issue a denial?

"Debunking rumors? How can you deny them? Did Tianjin Capital say they called the police? Do you think you would have believed that? How many celebrities, when faced with scandals, immediately call the police, and what happened? The vast majority were proven wrong in the end. Calling the police is overused; it will only make your attacks more intense! On the contrary, not responding is, in my opinion, a sign of Tianjin Capital's toughness!"

"Yesterday I saw that the internet was practically tearing Tianjin Capital apart. Anyone who said a good word about Tianjin Capital was labeled a traitor. I really don't understand. Isn't Tianjin Capital making money for everyone? How did they become traitors? How did they become speakers for capitalists? Especially when I saw many Tianjin Capital fund investors rushing to redeem their funds early in the morning, as if they were afraid of losing money. They were showing their despicable side to the fullest. They've helped you make so much money, and you can't even give them a single day of trust!"

"It's one thing for those who haven't boarded the train to stir up trouble, but for those who have already boarded to do the same, I really can't understand what kind of thought process you have."

"Hehe, this is just a rebound. Don't be too quick to judge. There might be a reversal! Anyway, I don't believe Tianjin Capital didn't violate regulations. Without violations, it would be impossible to achieve such a net asset value."

"Oh, you missed your chance, didn't you? Why are you being so sarcastic here?"

"I don't invest in stocks or funds!"

"Just say you don't have money!"

……

Huang Yusheng was somewhat bewildered by the two reversals that had occurred within half an hour.

The reversal came too fast, and market sentiment exploded too quickly!
They simply couldn't imagine what emotional triggers might occur in the market.

Even if Tianjin Capital were to increase its stake, it wouldn't be able to quell the panic.

Unless Tianjin Capital makes consecutive bids for multiple stocks, it's unlikely that major players will start accumulating shares and driving up the price. However, if that happens, too much of Tianjin Capital's capital will be locked up, rendering it useless.

Now, without any bidding, the market has inexplicably surged.

Just because of pulling up a stock?
How can manipulating a single stock have such a significant effect? ​​Wasn't market sentiment overwhelmingly bearish? How could it reverse course so quickly?
Looking at the market, they couldn't imagine what it would feel like to have bought shares when the price hit the daily limit down and now have a 22% unrealized profit.

Missed it!
Now, they are no longer given the opportunity to participate.

Placing an order can definitely help you grab some chips, but the risk is just too great.

"If we can hold this afternoon, we can wait until tomorrow. There will definitely be a pullback tomorrow. No matter how sophisticated Tianjin Capital is, they can't completely deny us any opportunities. Tomorrow's drop will be a good time to buy..."

Huang Yusheng has studied the market trend during this period. It has never hit the daily limit, and there are opportunities to enter the market every day. Compared to today, there will definitely be a better entry point tomorrow.

Today's dramatic reversal from limit down to limit up has essentially debunked all the rumors circulating online. At least so far, the China Securities Regulatory Commission (CSRC) has not suspended trading of those stocks, nor has it even issued any risk warnings.

At least a risk warning was given last week.

……

After dinner, Yan Li glanced at today's subscription and redemption funds. Before the market opened, he approached Lin Lang and said, "The redemption funds are quite a lot, over two billion. Should we reserve some for ourselves..."

"What about subscription?"

"Only a little over one hundred million..."

"So... all redemptions were confirmed before 6 PM today, and all subscriptions were also confirmed. After the market closes this afternoon, before the net asset value is announced, Tianjin Hybrid Selection will start limiting purchases. Previous purchases will not count, and each person can only purchase a maximum of 20,000 yuan from now on."

"what?"

(End of this chapter)