Reborn as a female internet celebrity in a county town

Chapter 310 We have to charge in!

It was 8:30 a.m. on the third Tuesday of January 2019.

Yan Li woke up a little later than Lin Lang for the first time because she was really tired.

Lin Lang, on the other hand, seemed not only not tired, but also incredibly energetic.

"I'm going to the company now, you can get some more sleep."

Yan Li poked her head out from under the covers and said, "Give me a kiss."

Lin Lang leaned closer; when he was with Yan Liqin, he didn't want to go to the company anymore.

Yan Li woke up without any bad breath...

When Lin Lang arrived at the company, it was already nine o'clock. He brought an egg pancake he had bought downstairs and went into his office to eat it while signing documents.

The net asset value of Tianjin Global Selection has been released, and it's about what he expected.

That's just how US stocks are; when they correct, it's terrifying, like the end of the world, but when they rise, it's just as fierce.

Even though they've all become bubbles, they still possess an unstoppable aura.

After all, the standard for a stock market bubble was developed by them, which is 100% GDP.

The US GDP is only $21 trillion a year, while the US stock market is currently worth $40 trillion and will rise to nearly $50 trillion by the end of the year.

The domestic bubble is much smaller. GDP is 99 trillion yuan, while the total size of the A-share market was only 48 trillion yuan at the end of last year, and is now around 52 trillion yuan. (Unit: RMB)
"Only 200 million yuan left for subscription..."

Lin Lang glanced at the subscription and redemption status again.

Overall, subscriptions have been adjusted to their limit, but redemptions have not yet occurred.

It's still uncertain when it will erupt.

After working for more than ten minutes, he went to the trading room.

There was no limit down today; in fact, it opened higher.

Apart from CATL, the other stocks involved in the takeover bids also opened seven or eight points higher.

The other stocks opened three or four points higher.

This high opening is quite subtle.

There are only a few reasons why a stock might open higher: either the market is optimistic and wants to push the price even higher, or the major players are trying to unload their shares and are pushing the price up to create more room for further gains.

You can sell your shares when the price hits the daily limit down, but the problem is that the effect of the daily limit down is too poor. Unless the profit is very high, you can sell some shares on the first daily limit down and then sell a large amount of shares on the second daily limit down.

The second consecutive limit down will attract a large number of retail investors to buy the dip.

The reason is... well, it's just that retail investors in the A-share market have never had a good meal.

After all, bear markets can last for one or two years at a time, and we live in a bear market every day. The most important thing about a bear market is to try to catch a rebound.

In a bull market, chase the highs; in a bear market, try to catch the rebound. These are basically two obvious strategies.

During a bull market, funds tend to flow into popular stocks, so the benchmark prices keep rising. Stocks that plummet in three days are ignored by everyone.

In a bear market, the opposite is true. Since it's already a bear market, large funds also need to survive. Many large funds will choose to do intraday trading to make a living. Therefore, stocks that open low or hit the daily limit down are more likely to attract attention, and then everyone will work together to make a few moves.

No matter how much it falls, it can't exceed the daily limit down today, so buying other stocks would be riskier.

Those who endure a bear market every day have all sorts of insights into bottom-fishing; no one understands bottom-fishing better than A-share investors.

After seeing Gao Kai, Lin Lang stopped moving.

I'm not a retail investor right now. If I were, I could do some day trading, but mutual funds don't have that option.

Since Guan Sheng is going to help him raise money, Lin Lang must strictly follow the rules.

Of course, if you're a retail investor, you won't be able to see the intraday market trends clearly either.

His ability to see the market clearly stems from the presence of available chips and funds.

Tianjin Capital currently lacks the ability to manipulate market trends. Established mutual funds have many funds in their portfolios, and many of these stocks are held by multiple funds. They can raise prices through one fund while other funds sell off their holdings, thus avoiding two-way trading. As long as the holding period is long enough, they can also avoid short-term trading.

Besides public funds, there are also many individual investors with relatively large amounts of capital.

At this point, it's impossible to expect the major players to throw out all their chips, unless they're willing to risk their lives.

Only when they are willing to risk their lives can they descend into madness.

If we raise 30 billion in stakes, they will lose at least half of their shares; if we raise 60 billion, they will lose 80%.

These stocks have already had enough room for short-term gains, and large funds have plenty of patience.

No one in the world, except them, can hold up the market.

Retail investors?

It's impossible to expect retail investors to prop up the market.

Lin Lang waited patiently for the change of hands. Putting aside the major players, there was also a lot of trading between retail investors, all of whom were pessimistic about the future and believed that the stock would plummet after Tianjin Capital finished its takeover bid.

Moreover, Tianjin Capital could choose to give up at any time under various pressures, as they do not want to risk their own funds.

After waiting for about an hour, some stocks that had opened seven or eight points higher fell back below the opening price.

Some stocks open three or four points higher, then drop four or five points below the opening price, with the fluctuation range generally around ten points.

By this point, market sentiment has collapsed, and if the major players dump even a few tens of millions of yuan on individual stocks, the price will be on the verge of hitting the daily limit down.

Around 11 a.m., it hit the daily limit down.

Lin Lang arranged for his men to buy up a large number of chips.

After the market closed at 11:30, Lin Lang immediately arranged for Tianjin Capital to release an announcement on its official website, stating that Tianjin Capital had acquired stakes in Tianqi Lithium and Huichuan Technology.

Today's announcement is different from previous ones. Previously, it was usually released at the end of the trading day or during the trading session, giving the market very little time to react, just a few minutes.

However, the announcement was released after 11:30 AM today, a full hour and a half before the market opened at 1:00 PM.

This means that more people will know about the news and participate.

Therefore, after the market opened at 1 p.m., the rebound was extremely rapid, with a large amount of funds rushing in.

Within one minute of the market opening, the stock that had been targeted by a takeover bid hit its daily limit.

The sentiment then spread to other stocks. Two minutes later, the stocks heavily invested in by Tianjin Mixed Selection that had not yet been subject to share disclosure were the first to hit their daily limit, because the expectation was quite high.

Then came those who had already raised their placards.

CATL, which was the first to raise its stake, initially didn't have the momentum to hit the daily limit, but unfortunately, they had too few shares.

Newly listed companies have too few shares in circulation, so even a slight surge in sentiment can cause a stock to hit its daily limit.

The fact that two companies acquired stakes in a single day has significantly boosted market sentiment, making up for the lack of positive sentiment during this period.

The stock began to rebound, quickly triggering unusual activity. However, nobody paid any attention to it.

Even with frequent announcements of unusual activity, these large-cap stocks are not considered problematic by their staff.

Now that market sentiment has been boosted, there's no need to say anything more than to rush in.

As for the fate of Tianjin Capital? Who cares? They didn't buy any funds.

Yan Li was in a state of panic in her office because she needed to plan the finances.

Tianjin Hybrid Selection Fund does indeed have a scale of 120 billion yuan, but the top ten holdings already account for 80 billion yuan, leaving more than 40 billion yuan in positions to balance the portfolio.

For example, BYD, which was targeted by a takeover bid, now has a market value of over 200 billion yuan, representing a 11 billion yuan stake, while Ganfeng Lithium, which was also targeted by a takeover bid, only represents a 4.3 billion yuan stake.

Therefore, the more than 40 billion yuan of funds that are not heavily invested in stocks or are not in any other positions cannot be withdrawn. Once withdrawn, only the top ten holdings will remain, which would lead to violations of fund position regulations.

For equity funds, no single stock may be held by more than 10% of the total portfolio.
Given the current situation, Yan Li can only plan for the newly arrived funds.

The funds from the new subscriptions in the past few days have not been directly deposited into the account, but used to offset the redemptions. Guan Sheng gave out 6 billion yesterday, and it all has to be withdrawn today.

Another thing is that her father gave her 10 billion, but she doesn't know if that will be enough for tomorrow.

If that's not enough, then we'll have to borrow money urgently the day after tomorrow. Either we need to ask our fathers to transfer another 10 billion as soon as possible, or we need to contact Guan Sheng.

Lin Lang's move was quite significant; it was essentially equivalent to replacing the fund investors' funds with his own, ensuring that the fund investors could redeem their shares smoothly.

Yan Li didn't have much confidence in Guan Sheng, after all, Guan Sheng was different from his father. His father was in the financial operations business, while Guan Sheng wasn't.

……

In the riverside area where Pu Min retreated.

They were completely unaffected by Pu Min's departure from the group.

"Holy crap, has Tianjin Capital gone mad? They've acquired stakes in two more stocks, and their emotions are running high again!"

"I should have bought in when it hit the daily limit down in the morning. Damn, who knew it would be snapped up so quickly."

"You redeemed it too early. If you had redeemed it a few days later, we could have earned forty points more."

"Nobody knew that Tianjin Capital was so reckless. Right now, they have 40 to 50 billion yuan in locked-up positions, right? Nobody's stupid. Who knows, they might not have enough funds to deal with redemptions in a couple of days."

"That's what they say, but more than twenty points a day! Damn!"

“I heard that someone made a lot of money last time by following the stocks heavily invested in by Tianjin Capital. After buying them, they saw the stock price rise every day, earning more than buying Tianjin Mixed Selection. Moreover, it was more flexible and didn’t have to depend on Tianjin Capital.”

"I've seen these comments too. Looking back, we shouldn't have bought Tianjin Hybrid Selection. If we had just bought any stock, it would almost have doubled by now. But now, we no longer have room to enter the market."

"Not necessarily. I specifically studied the trend of the last round, and in the end, it didn't trap retail investors. Besides, after Tianjin Capital raised its stake today, it has already embarked on a path of no return. They simply have no other choice, and they might raise their stake again tomorrow."

"What's wrong? Do you want to come in?"

"I'm thinking about it. We can just jump in, grab a share, and leave. With such high trading volume right now, if we spread out a bit, we won't have to worry about not being able to get our funds out. Even grabbing one share is worth tens of millions for us! What if Tianjin Capital goes on a crazy run and drives it up for two more days? Then..."

“That makes sense. Anyway, we’re not greedy. As long as we’re clear-headed, we can just take a loss and run. Nobody can do anything to us. Besides, Tianjin Capital has gone crazy trying to protect its net worth. Do you think they can let the stock price plummet? For us, there’s definitely no risk.”

"We can't get in today. Let's try again tomorrow. Pu Min got a good deal; she made a lot more money..."

“Pu Min didn’t redeem her money last time, and she probably won’t redeem it again next time. Sooner or later she’ll suffer a loss.”

"I don't know what that woman is thinking."

"What else could you possibly think? Of course she's after Lin Lang. He's young and rich, something old fogies like us can't compare to. To put it bluntly, I bet she'd even be willing to be Lin Lang's sex partner..."

"Damn, Pu Min's figure is really amazing, the best of the best!"

"Just wait. She borrowed a lot of money this time. If she loses more than half of it, she might go bankrupt. Then she'll need our help. It's too easy to mess with a woman who's short of money..."

“I’m not interested in Pu Min. I just want to know the specifics of how things will be done tomorrow.”

"Keep a close eye on Tianjin Capital's official website tomorrow. The moment they announce their takeover bid, we'll be ready to buy in!"

"No separate accounts?"

"Why split your positions? We're only making money on one day's market. Of course, we should go all in to maximize our profits. With our limited funds, we're not even a fraction of today's trading volume."

……

The market closed at 3 PM.

Looking at the incredible turnover of the top ten holdings, Lin Lang felt that the mutual funds probably didn't have many shares left, having given up at least half of them.

Otherwise, how could these stocks have a 15% turnover rate in just one day?

CATL's performance was even more phenomenal, with a turnover rate reaching 46%.
This mainly applies to restricted stocks, which are not included in the turnover calculation; only the circulating shares are counted.

During this period, due to the explosive performance of the top ten holdings of Tianjin Hybrid Selection, market trading volume has been gradually increasing, and today the total trading volume of the two markets successfully exceeded 900 billion yuan.

Lin Lang went to Yan Li's office and asked, "What's the situation with Guan Sheng's funds? When will they arrive?"

"I'm not sure. Do you need it urgently?"

"Yes, I bought some more chips this afternoon, but I haven't issued a takeover announcement yet. I'll wait until tomorrow. If Guan Sheng's funds arrive early, I'll issue the announcement before the market opens tomorrow. If the funds arrive late, I'll delay it a bit longer..."

It is not considered a violation to announce the sign-raising ceremony within three days.

"Should I call him and ask?"

"Never mind, I'll go see him and ask him to make an appointment for me. We need to discuss some other things then."

Lin Lang didn't actually feel that he was at a disadvantage, even though those public funds had absolute leverage and absolute flexibility.

However, Guan Sheng is on their side.

Guan Sheng represents the rules.

Even if they can't be above the rules, they can at least dominate them.

The ability to dictate rules is itself invaluable.

……

At this moment, Guan Sheng once again found Luo Ze.

He knew that Tianjin Capital desperately needed money and that it had to be settled within the next two days, otherwise something terrible would happen.

"Luo Ze, I don't care what you think, you have to contact the pension fund today, I want the money!"

"What are you asking for! Even if I got in touch with them, why should they pay me?"

"Why don't you vouch for me with yourself?"

"I'll vouch for you my ass! What right do I have?"

(End of this chapter)