Reborn as a female internet celebrity in a county town

Chapter 214 Are you interested in offering some shares of Tianjin Capital?
Retail investor Hu Weimin has been trading in Dongfang Communication for several days.

For him, the journey was full of stumbles and falls.

The first time he entered the market, the stock opened at its daily limit up, and he bought in at the limit up price. While he was still excited, the stock was immediately dumped.

He was incredibly nervous at the time, but since the stocks he bought that day couldn't be traded, he had no choice but to accept it.

Fortunately, the market rallied again towards the close.

Although his account didn't lose money, he felt guilty!

He kept regretting why he was in such a hurry to buy, why he didn't wait until it hit the daily limit down before entering the market. That was a potential limit-up move, a 22% profit in one day.

Later, he experienced both high and low openings, but ultimately the stock would hit the daily limit up.

Seeing his daily profits gradually boosted his confidence, and he successfully executed several T trades during that period.

Anyway, if the market opens high, he'll sell and then wait for a pullback.

He lacks patience and his grasp of the game is not very precise; he can usually only get one or two bites.

But for him, it was also an absolute milestone.

After all, earning 11 or 12 percent every day is an absolute god-level return.

He didn't sell yesterday when the price hit the daily limit, after all, there was a lot of money involved in locking in the price.

But today was different. Seeing the funds locking the price at the limit up price decreasing from tens of millions to only a few million, he immediately sold his shares at the limit up price.

"We're going to make a fortune today! It's definitely going to crash!"

"Let me calculate how much I can earn today..."

"Sell when it hits the daily limit up, then buy back when it hits the daily limit down, and it will definitely ralli back to the daily limit up again at the end of the day. That way... I can make 34 points in a day?"

"Yes, that's right!"

"This is the ultimate theory of single-day stock trading!"

Has anyone in the world ever done this?

"Am I about to make history today? Earn 34% in one day? That's something I can brag about for a lifetime!"

After selling his shares, he waited for the stock price to plummet, and even placed orders at the limit-down price in advance.

He didn't know why he was bound to be hit; it was simply experience, experience told him that this would happen...

In less than two weeks, he had already made a profit of fifty percent. At this moment, he believed that he was a stock market god and no one could be more confident than him.

He waited and waited...

Wait and wait...

He noticed that the stock price was always hovering around the same few levels where it would hit the daily limit.

Trading volume continued to increase, and by 11:30 a.m., Dongfang Communication had already reached a trading volume of 600 million yuan.

Actually... he didn't realize anything was wrong...

Aside from being a little impatient and wanting the stock price to drop quickly so I could buy in, I had no other thoughts.

He couldn't understand the market and didn't know what it meant for the chips to change hands at a high level.

He continued to keep an eye on it after the market opened in the afternoon.

However, the first hour was no different from the morning.

The vast majority of stock prices remained at their daily limit up. Even the stocks that experienced the most severe sell-offs only dropped about four points from their daily limit up positions, still resulting in an overall increase of six points.

This space is not enough for him; his obsession runs deep.

Around 2:10 p.m., the market situation suddenly changed.

Countless funds rushed in, directly driving the price to the daily limit.

He was only stunned for a minute, and the funds locked at the daily limit for each stock were rapidly accumulating, from a few million to tens of millions, and then hundreds of millions...

On the Eastern Communications side, the funds that sealed the limit up reached 270 million in about a minute.

He was completely confused.

"Market shakeout! It's that awful market shakeout again!"

"Main force, should I draft this?"

"Open the door! Let me in! Let me in!"

The amplitude of Eastcom's fluctuation today was less than one point.

He didn't even have a chance to make a move.

After sealing the board, he frantically tried to find excuses for himself.

If the price drops by three or four points, I definitely won't miss out, and I can still make more than ten points today.

But now, I've been set up!
I didn't buy it myself!

Tomorrow's market performance is irrelevant to me!

He didn't feel happy about the money he had already earned; instead, he felt more regretful about not being able to earn it in the future.

"I shouldn't have come out today! I shouldn't have!"

"How could I think so highly of the main players? They're a bunch of ruthless bastards who'll eat your meat without spitting out the bones. They've been ripping us off with our chips. They're lying!"

"I've been tricked! I've fallen for the big players' trap!"

"Place an order! We must place an order tomorrow! Even if we don't earn anything tomorrow, as long as we can get in, we can earn money the day after tomorrow."

……

The trading room at Hengxin Capital was also stunned by this sudden turn of events.

They can actually understand part of the market. The large turnover of high-priced shares is due to only two reasons: either there is a lot of panic selling, or Tianjin Capital itself is engaging in two-way trading to create trading volume.

If it's the former, then they can wait, since Tianjin Capital certainly can't afford to lose too many chips.

If it's the latter, then we can wait even longer, because once they enter the market, they will give Tianjin Capital more room to maneuver.

However, after sealing the board, they sensed something was wrong.

How could it be sealed off?

Where did all that money come from?

Is Tianjin Capital out of its mind? Are they putting all their chips on the table for two-way trading?

Among these stocks, several leading stocks have a turnover rate of 7%. Tianjin Capital would not have achieved the current turnover rate without putting all of its shares into two-way trading.

"I'm going to report this! I'm going to report it!"

……

Only Yan Li witnessed a miracle.

Tianjin Capital merely propped up the market; they didn't spend much money from start to finish, and the stocks were simply supported.

Her perspective was clearer than anyone else's, and the market's support was beyond imagination.

The market was lukewarm in the morning, but suddenly the funds went crazy in the afternoon.

Where did the funds come from?
The entire market involved far more than just tens of millions of yuan; the turnover rate was generally above 5%, which means that a full 10 to 20 billion yuan of funds entered the market to absorb the losses.

Even if you find other institutions to do wash trading on your own, no institution would dare to take on so many chips.

Lin Lang did almost nothing else throughout the process. He just had the trader occasionally use a few hundred thousand to support the market, while he himself used the remaining funds to buy other stocks.

Now, with all the small-cap stocks hitting their daily limit, Tianjin Capital's biggest opportunity has arrived.

For example, Dongfang Communication currently has over 200 million yuan in funds locked at its daily limit, while Tianjin Capital's holdings are only 650 million yuan. In other words, it's perfectly time to exit!
Today, all stocks were driven to their daily limit down. Tianjin Capital managed to sell more than 70% of its holdings in these small-cap stocks.

However, after waiting until 2:30, she saw that Lin Lang had no intention of running away at all, and had not even given any instructions in advance. Instead, he used the last bit of his funds to buy Muyuan.

The overall market was trending downwards today, with Muyuan falling by two points. Tianjin Capital bought nearly 200 million yuan worth of shares today.

If Tianjin Capital hadn't entered the market today, it might have fallen by four percent.

"Aren't you leaving?" Yan Li asked.

"We're not leaving. We've come this far; we're bound to get a few more beatings..."

"Ah."

Yan Li couldn't make a decision on this matter; whatever Lin Lang said went.

……

Around 10 a.m., Wang Wei drove Yang Kaitai and a few others to his home.

He bought a villa in Shanghai. Although it only occupies a little over 100 square meters, it has four and a half floors including the basement, with a total of eight rooms.

In Yan Li's eyes, this is the suburbs, but this villa still cost more than 60 million yuan, and the annual property management fee alone is more than 300,000 yuan.

After arriving and having a meal, Wang Wei showed the group around his home, and then they chatted casually at the eggplant bar.

Although Lin Lang said that they were not allowed to sell a single share within ten trading days, it did not prevent them from paying attention to the market.

From the opening to the closing bell in the afternoon, they were completely confused.

Wang Wei is an absolute technical expert, Gu Yusheng also knows a lot, while Yang Kaitai and Wang Yuheng are just spectators.

Gu Yusheng asked, "Brother Wei, did Tianjin Capital run away today?"

Wang Wei shook his head and said, "It doesn't seem like it. Although the market support is indeed unprecedentedly strong, there's one thing... Who's going to bail out Tianjin Capital? They can't just find over 10 billion yuan from outside to specifically replace Tianjin Capital's shares, can they? That would be too costly for Tianjin Capital! Tianjin Capital's money isn't theirs, but the money they find outside the market is definitely theirs... They can't just bury over 10 billion yuan for a little bit of net asset value... It's more like Tianjin Capital is doing two-way trading, boosting the trading volume. Otherwise, it really doesn't make sense. How could there be such strong support?"

"Wouldn't that mean flipping through all the chips? That's against the rules, isn't it?"

"It's not just a violation, it might even be illegal! And this kind of thing is easy to investigate; we should have results within two hours after the market closes. If no announcement has been made, it can basically be ruled out..."

Gu Yusheng: "What if Tianjin Capital wasn't trading in both directions? How would we interpret today's market situation?"

Wang Wei: "..."

He doesn't understand it.

It's not that I can't understand the market movements, it's that I can't understand the underlying logic.

He said, "If that's the case, it means a large amount of off-market funds have entered the market, and it wasn't Tianjin Capital that contacted them. Where did that money come from? It's not a small amount; it's hundreds of billions... There's no market sentiment or rhythm either, and Shen An'an's account is still frozen."

"Could it be that Shen An'an created a secondary account?"

"..."

……

After the market closed, Yan Li returned to her office and began some other work.

Preparing a new QDII fund is quite complicated; in addition, she also needs to borrow money from banks.

The amount to be borrowed is not much, just over three billion, or five hundred million US dollars.

It's not easy for Tianjin Capital. No matter how big its reputation is, it is still a newly established company and has not yet built a product with a strong competitive advantage.

Someone else might not be able to do it, but for her, it's just a bit difficult.

Before Tianjin Capital, she was able to obtain a loan of around 200 million yuan from a bank based on her own status.

She had just started getting busy when she received a phone call.

On the other end of the phone, Yan Keming immediately said, "How dare you be so bold? You really don't follow the rules at all?"

"Dad, which aspect are you referring to?"

"Today's two-way trading!"

According to Yan Keming, Tianjin Capital engaged in a large number of two-way transactions today, preferring to lose a small amount of money in order to preserve its net asset value.

This also means that Tianjin Capital was indeed at its wit's end, lacking sufficient position space to support the market, and was forced to choose a risky path.

However, this is more than just an adventure.

Hundreds of billions of dollars in two-way transactions—this is malicious market manipulation, and all the evidence is there; it can't be washed away.

He did consider other possibilities, but he ruled them all out one by one.

First of all, no one can come up with hundreds of billions of yuan to provide off-exchange assistance to Tianjin Capital at this time. Moreover, once this matter is investigated, it is more serious than engaging in two-way transactions, as it constitutes a serious illegal act and carries a minimum sentence of ten years in prison.

Large-scale two-way transactions, at most, would result in the revocation of Tianjin Capital's public fund license and the maximum penalty imposed on Yan Li; it might not necessarily lead to criminal charges.

After analyzing all the possibilities, only this one remained.

I used to think Yan Li was taking a risk, but I think that even if Tianjin Capital fails, Yan Li is not really out of the running. I can still find a way to help Yan Li find a way out.

But this time, he really couldn't accept it.

Therefore, my emotions were somewhat out of control.

"Dad, we don't have a two-way transaction!"

"No two-way trading? Then what happened today? I know very well that quite a few organizations have already reported you."

"Well, there's nothing I can do about it. Let them report it if they want. I have other things to do first. I'll call you back after I get off work."

Yan Li hung up the phone on her own initiative.

In fact, she herself didn't know what had happened today.

It's just inexplicable.

It's reasonable for the stock to break through the opening price limit, but what happened after that was abnormal.

Lin Lang didn't spend much money in total. Some stocks cost him several million, and the most expensive ones cost him a little over ten million.

More than 200 million yuan was used to drive up the prices of all stocks worth more than 200 billion yuan to their daily limit.

Today's Tianjin Mixed Selection is even whiter than a white lotus flower; it didn't do any two-way trading of a single share, it was all one-way.

……

Yan Keming, sitting in the car, looked somewhat stiff.

This was the first time in Yan Lisheng's life that he had ever hung up on himself.

Even when she was extremely busy before, she would just tell me in advance so that I could hang up first.

My daughter, whom I've raised for over twenty years, has suddenly become a stranger to me.

He said to the driver, "Go to Wuliang Capital!"

Wuliang Capital is a private equity firm in Hangzhou in which he holds a stake. It is currently very large and ranks among the top private equity firms in China. There are only two firms in China that can compare with them.

However, he doesn't hold a large stake, only 5%, and he doesn't usually participate in management. He mainly focuses on primary market investments.

He only called Yan Li after receiving a call from Wuliang Capital.

The car started, and a few minutes later...

The phone suddenly rang.

Yan Keming glanced at the caller ID; it was a partner from Wuliang Capital. He took a deep breath and answered the call.

"Old Yan, the Securities Regulatory Bureau just reported that Tianjin Capital did not conduct any two-way transactions, and all transactions today were legal and compliant... Old Yan, are you interested in selling some shares of Tianjin Capital?"

(End of this chapter)