Reborn as a female internet celebrity in a county town

Chapter 227 Christmas Cosplay as a Little Reindeer

Lin Lang asked, "What's your basis?"

He wanted to know whether Fu Xueqing had merely guessed or calculated it.

If it's just a guess, then it doesn't matter. After all, you can guess however you want when it comes to this kind of thing.

Many things require supporting evidence; they cannot be done based solely on guesswork.

Fu Xueqing said somewhat embarrassedly, "It was just a guess."

Lin Lang nodded. "Actually, that's not true. Tianjin Capital withdrew from those small-cap stocks a long time ago. We withdrew a portion two weeks ago. The net asset value was below expectations last week because we were withdrawing."

Last week, the net asset value was below 5% for three days. Normally, if the entire portfolio had captured the full gains, the net asset value should have been above 6%.

"Hmm, then I guessed wrong."

Fu Xueqing didn't bring up the topic again. While waiting for the food to be served, she handed the documents she had prepared to Lin Lang for a quick look.

It certainly won't be perfected in a day or two. Next, she needs to find some overseas agents, as well as domestic agents.

It will take about a month to finish everything.

After reading it, Lin Lang asked, "Really not going to come in and get a piece of the action?"

"No, no, no, I'm afraid it will affect my mindset. If it's my own money, I'll get nervous..."

"Well, it's fine if we don't take a stake. I'll convert the money in your fund into shares of Tianjin Capital for you in a while. Tianjin Capital is already operating normally, and Yan Li is capable of stabilizing the situation. The performance won't be too bad."

"okay."

If Tianjin Capital can maintain a scale of 20 to 30 billion yuan, it will indeed be a very high-quality company, and its performance will be very stable for the next ten or twenty years.

Moreover, it now appears that Tianjin Capital's potential extends far beyond this.

If we can get through this smoothly, let alone 30 billion, 40 billion will be within reach.

Around eight o'clock, the two finished their meal and returned to their room.

Just as they were about to part ways, Fu Xueqing asked, "What was the position of small-cap stocks in Tianjin Hybrid Selection Fund at yesterday's closing?"

Lin Lang smiled and said, "16 billion."

"Okay, I understand. I won't tell anyone."

"Haha, it's okay."

……

Because Lin Lang had an appointment, Yan Li ate at home.

After dinner, she didn't even chat with Shen An'an for a while before going straight back to her room.

Then, they took out today's report.

This was something she brought from the company; only she and Lin Lang were qualified to bring something like this out.

She had already reviewed the situation at the company, but unfortunately she still didn't understand Lin Lang's actions.

Today's net asset value is actually not difficult to determine.

Before the market opened, there was a total of 27 billion yuan in funds. This 27 billion yuan was divided into two parts: 11 billion yuan in large-cap stocks and 16 billion yuan in small-cap stocks.

This 27 billion is the basis for today's net asset value. After all, subscriptions and redemptions are roughly equal, and the total amount of funds entering the market is only over 40 million.

The holdings of large-cap stocks, totaling 11 billion, saw an average increase of 9.75% today, which brings the unrealized profit close to 1.1 billion.

The 16 billion yuan in small-cap stocks reached a high of 17.6 billion yuan in the morning session, with a total of 2.2 billion yuan coming out at the daily limit.

This 2.2 billion yuan went into large-cap stocks, with an average daily unrealized profit of 7.89%, which is another 170 million yuan in unrealized profit.

Meanwhile, because small-cap stocks traded sideways for a long time between five and seven points below the opening price, that period was an opportunity for Tianjin Capital to sell off a large number of shares, totaling 3.6 billion.

The average price derived from this 3.6 billion is -6.45%.
Then, in the afternoon, I invested in large-cap stocks, and this investment earned an average of 4.12% on large-cap stocks.
Near the close of trading, just before the stock hit its daily limit down, another 2.4 billion yuan flowed out, resulting in an overall loss of 8.75%. Subsequent buying pushed the price up, resulting in a 0.32% unrealized profit on large-cap stocks.
Ultimately, this led to the current situation, where Tianjin Capital holds 206.21 billion yuan in large-cap stocks. Of this 20 billion yuan, the principal is 110 + 22 + 36 + 24 = 192 billion yuan, which is equivalent to a floating profit of 14.21 billion yuan.

After Tianjin Capital's net asset value increased by 2.21% today, its total assets under management reached 276 billion.

The initial capital of small-cap stocks was 16 billion, but now only 7 billion remained in the holdings, with a total of 8.2 billion transferred to large-cap stocks.

This means that 70 + 82 = 152 billion.

In other words, despite almost all small-cap stocks hitting their daily limit down today, Tianjin Capital only suffered a loss of 800 million yuan.

The large-cap stocks generated a floating profit of 14.21 billion, which was more than enough to offset the 800 million loss. There was also a floating profit of more than 600 million, which just created a net value growth of 2%.

The data is just that—data. Yan Li simply doesn't understand why Lin Lang would choose this particular trading method.

Because there are significant risks involved.

From the perspective of the results, the effect is very good.

However, from the perspective of the trading board, this process is too risky.

Because... others will directly drive the price down to the daily limit.

If someone else causes the stock to hit its daily limit down, then the 6 billion yuan that subsequently emerges from the market will definitely be significantly reduced, or even completely wiped out.

When Yan Li saw it being hit, she felt like the sky had fallen.

Unexpectedly, the major players did not drive the price down to the daily limit, and the support at the bottom was very strong.

The more the price falls, the more funds are willing to buy.

Tianjin Capital took the opportunity to sell a large amount of its shares.

If those six billion hadn't been dumped, those large-cap stocks wouldn't have been able to rally today...

Of course, the rise of large-cap stocks was not solely due to the 6 billion yuan they poured in. In any case, it was inexplicable. Lin Lang's side seemed to encounter no resistance, and in the end, more than a dozen stocks hit their daily limit, with other funds also helping.

There are three most remarkable aspects to this whole affair.

The first point is purely operational; Lin Lang actually split up a small-cap stock worth 16 billion yuan, which would have resulted in a loss of more than 1.5 billion yuan today.

Lin Lang immediately sold over 2 billion yuan at the limit-up price, reducing the loss of over 1.5 billion yuan that should have been incurred today to just over 1.3 billion yuan.

The 2 billion yuan was used to manipulate the market, resulting in a floating profit of 170 million yuan. This is equivalent to first-hand trading, which has already reduced the loss by 390 million yuan.

Then, when the price was down five or six points, 3.6 billion was sold off, reducing the loss by nearly 150 million. Immediately afterwards, this money was re-entered and earned nearly 140 million, which reduced the loss by another 290 million.

Originally, the maximum expected loss was close to 1.6 billion, but with just two transactions, the maximum expected loss was reduced to just over 800 million. The final transaction also recovered tens of millions of losses, so... the situation where almost all of the 16 billion holdings hit the daily limit down ultimately resulted in a loss of only 800 million.

This is Lin Lang's brilliant move!

However, Yan Li was already used to Lin Lang's amazing actions, and she was more interested in the other two points.

So how did Lin Lang know that the stock wouldn't be driven to its daily limit down? And how did he shrewdly seize every opportunity to sell off his holdings in large quantities?
Secondly, how did Lin Lang manage to drive up those large-cap stocks with such a small amount of capital?

She reviewed these two points for a long time but couldn't find a single clue.

She thought about it for a long time but still couldn't figure it out, so she sent Lin Lang a message, "Is it convenient to video chat?"

"It's not convenient right now, I'm watching a dance performance."

Immediately afterwards, Lin Lang sent a video. In Mi Xiaofan's room, which was decorated with Christmas decorations, Mi Xiaofan was dressed as a little reindeer and dancing.

Mi Xiaofan's figure is purely a gift; her dance is not only charming but also pure and lovely.

"Be careful not to strain your back..."

No wonder this guy didn't come to eat; he must have found someone else.

The reason she wanted to treat Lin Lang to dinner was because it was Christmas Day...

However, when she saw Lin Lang and Shen An'an go to the Sihang Warehouse on Saturday, she was worried that Lin Lang might dislike foreign holidays, so she didn't bring it up directly.

To everyone's surprise, Lin Lang not only showed no aversion, but was actually enjoying it immensely, and was incredibly happy.

Well, this guy must be really tired today. Just look at all those things he did, I wonder how many brain cells he must have lost.

"One of them is no match for my back. I'd be more likely to have another one. Why don't you come and cosplay too?"

Lin Lang's reply came quickly.

Yan Li immediately said, "I can't dance..."

"Can't you dance? Who said they saw me and Fu Xueqing in the dance studio?"

"Oh...then come out here, I'll dance for you alone."

Lin Lang: "...Never mind, I'll go back to sleep after I finish filming the video."

"Excuse me, can I ask you a question? How did you know there was still a chance to come out of the water today?"

"It's simple. The main players inside underestimated the strength of the buying support while overestimating their own capabilities. They thought that once the price dropped, I wouldn't dare to sell any more shares, since that would crash the net asset value and destroy the emotions that had been painstakingly built up. At the same time, Tianjin Capital would also face a large number of redemptions."

"Is that all?"

"No, but we won't know for sure until tomorrow, not today. Get some rest, we still need to harvest the vegetables tomorrow."

"Harvesting vegetables?"

……

Online, although the atmosphere is filled with Christmas spirit, the financial and economic forums are mostly discussing the miracle that Tianjin Capital created today.

Because people don't believe that Tianjin Capital has absconded.

But the results showed them that Tianjin Capital had indeed already sold off its shares.

How were they shipped out? It's impossible to tell.

It wasn't until a comment appeared that the doubts of many netizens were cleared up, or rather, a logically consistent explanation was found.

That comment was quickly reposted to various groups and comment sections of related topics.

"Actually, everyone has been deceived. Tianjin Capital did not run away at all. It's just that they released enough chips at high prices, and with other holdings performing well, they managed to stabilize the net asset value."

Based on our extensive research, Tianjin Capital's holdings in the 5G and ultra-high voltage power transmission sectors are no less than 14 billion yuan. Even if we take the lowest figure, Tianjin Capital's total size is 27 billion yuan, which means it has an additional 13 billion yuan in holdings.

This holding played a significant role in today's net asset value. Given the typical behavior of mutual funds, they are highly likely to hold blue-chip stocks, which rose by four percent overall today, with many stocks hitting their daily limit and dozens rising by more than eight percent. Even assuming their blue-chip stock holdings only yielded an eight percent profit, they still have a floating profit of 1.04 billion yuan.

Today, when the 5G and ultra-high voltage power transmission sectors hit their daily limit, Tianjin Capital must have sold a considerable amount of shares. Let's say they sold 2 billion yuan. After selling 2 billion yuan, their cost basis in small-cap stocks would only be 12 billion yuan. The 2 billion yuan they sold could then be used to buy blue-chip stocks. At the beginning of the trading day, blue-chip stocks were just starting to rise. Let's assume they made a 4% profit on this investment. Tianjin Capital could then earn nearly 100 million yuan more.

As a result, Tianjin Capital only had a maximum of 11 billion yuan to withstand today's sharp decline, with a maximum loss of more than 1.1 billion yuan.

The profits from large-cap stocks have already offset these losses, and some have even made a small profit.

Don't forget that small-cap stocks didn't initially hit their daily limit down. If it had been Tianjin Capital that dumped the shares, their overall loss would have been smaller, because it means they had more funds that didn't hit the limit down. It wouldn't have required much, at most two billion yuan. Once they exited and switched to blue-chip stocks, they could have easily recovered their two percent net asset value from today.

It may also include funds from today's latest subscriptions. It's not unreasonable for Tianjin Capital to subscribe for four or five hundred million yuan every day, right?
In short, Tianjin Capital hasn't run away; they still have over 10 billion yuan invested. There's no need to worry; Tianjin Capital will definitely step in tomorrow!

……

Fu Xueqing was bored at night and saw this screenshot in the group chat.

She was slightly taken aback when she saw it.

Because it was almost exactly as she had imagined, with only slight discrepancies in the data.

For example, she deduced that Tianjin Hybrid Selection would earn more among large-cap stocks, making 200 million more than in this comment.

Other differences are not significant. For example, Tianjin Capital only has a position of about 14 billion yuan in small-cap stocks.

Otherwise, why would Tianjin Capital dump its shares?

Tianjin Capital was definitely the first to dump shares today, but it didn't do so aggressively, and they didn't resort to the "nuclear button" tactic.

However, after the meal, she asked Lin Lang, who said it was 16 billion.

16 billion? Something's not right!

Don't be fooled by the fact that it's only two billion more; the actual difficulty will increase exponentially.

This comment uses euphemisms and vague language, using words like "approximately," "more or less," and "close to," which subtly omits a lot of data to make it seem true. In reality, according to them, Tianjin Capital could not possibly have achieved a net asset value growth of two percentage points.

And what's with this talk of 400 to 500 million yuan in subscription funds? If there were that many subscription funds, Tianjin Capital's size would only be 276 billion yuan.
Assuming a net asset value increase of two percentage points, a subscription of four to five hundred million yuan should result in a total scale of over 280 billion yuan.

Based on Lin Lang's offer of 16 billion, Fu Xueqing only managed to discover one possibility.

That is, they sold off a large number of shares during the trading session to hedge against the risk.

Tianjin Capital still holds shares in small-cap stocks, but the amount is far less than the estimated 10 billion yuan; it's much lower.

Could this comment have been posted by Lin Lang?

What is the purpose of releasing them?
(End of this chapter)