Reborn in Hong Kong as a Tycoon

Chapter 175
Not surprisingly, during the call auction stage in the morning, a large number of Hutchison Whampoa shares were sold, but very few were bought. The stock price opened at HK$4.21.

The closing price of Hutchison Whampoa was 4.73 Hong Kong dollars yesterday, and today it opened at 4.21 Hong Kong dollars, which is about 11% lower.

This is because in this era, stocks are registered and bought and sold manually. If you switch to the Internet era and use computers and mobile phones to operate, with such negative news and panic, the opening price will definitely not be as simple as opening 11% lower.

Due to time constraints, there are still a large number of stockholders queuing up to sell their stocks, so after the official opening, the stock price will usher in a sharp drop.

After the official opening in the morning, the stock price of Hutchison Whampoa was indeed falling rapidly, falling below 3 Hong Kong dollars per share in just 4 minutes.At this time, the trading volume is actually not much, so there are not many people who take orders, which can be said to be falling infinitely.

The stock price of Hutchison Whampoa continued to fall, but after falling below the price of 4 Hong Kong dollars, transactions began to become more frequent, there were sales and buying, and larger funds began to enter the market to buy.

Among these funds are Lin Baicheng's, HSBC's, Lin Baicheng's and Iwasaki Mineryu's cooperation, and there are even more funds that are daring and want to buy the bottom.

However, although there are a lot of funds for buying, the selling orders are even greater, so the stock price is still falling, but the decline is not as fast as it was at the beginning.

In the options market, long orders are even more invisible, and there are a large number of empty orders in the market. These empty orders are issued by other institutions and retail investors, but have nothing to do with Li Jiacheng and others.

Faced with these empty orders, Iwasaki Mineryu naturally let the traders take them in. He also planned to wait until there were not many empty orders, and take the initiative to open a long order with a higher price of the right to exercise, and let others take it to be his opponent's order.

At around 10:30 in the morning, the stock price of Hutchison Whampoa fell to as low as 3 Hong Kong dollars, a drop of 36.58%, and the stock price of Hutchison Whampoa was cut in half in two days.

However, after the price fell to 3 Hong Kong dollars, it could not continue to fall. On the one hand, several funds including Lin Baicheng were constantly buying. On the other hand, it fell too much and many people did not want to sell. Even the Qi Dezun family and Bob wanted to wait for a rebound. Sell ​​after a wave.

With the wishes of many parties, the stock price ushered in a rebound.

However, this is a rebound after a sharp drop, and there are huge negatives, so the speed of the rise is not fast. After seeing a lot of rebound, many stockholders choose to cut their meat and sell their stocks, and the selling pressure is very high.

Fortunately, Lin Baicheng and others didn't want to increase the stock price, so they slowly accumulated money along the way, which is still a good thing for them.

After the stock price rebounded to 3.5 Hong Kong dollars, the increase in this rebound exceeded 15%, and the selling orders began to increase again. However, Lin Baicheng and others were determined to buy, so they caught a large number of selling orders and slowly pushed up the stock price.

At eleven o'clock, Hutchison Whampoa held a press conference. Lin Baicheng and Wei Li attended the press conference together.

At the press conference, Hutchison Whampoa first stated that everything was normal for the company, and all reports about the company were false. The company was very confident in its future development, so it decided to use 1 million Hong Kong dollars to repurchase shares.

At the same time, Lin Baicheng, the chairman, also announced that he now holds 49.9% of the company's shares. He has confidence in the future development of Hutchison Whampoa, so he will not reduce the company's stock holdings. He hopes that the majority of shareholders can trust him and Hutchison Whampoa. .

After that, the reporter asked about the time.

When a reporter asked Lin Baicheng whether the investment in Hutchison Whampoa really lost money, he said that this is a company secret and he has no comment for the time being, but for the sake of all shareholders, the company will calculate the performance report for the first quarter of this year in advance , will announce the specific performance status next week.

While expressing confidence in the company's development, while not denying that the investment has lost money, this seems to the outside world to be a guilty conscience and trying to cover up.

Lin Baicheng will definitely not tell the truth now, but he can't make a false claim that the investment really lost money, so he can only say that he has no comment, and at the same time he said that it will take a few days to release the performance report and delay it for a few days.

Afterwards, facing other questions raised by the reporters, Lin Baicheng who could answer them all answered them one by one, and those who could not answer were perfunctory, or directly said that they had no comment.

Before the press conference was over, the news reached the exchange.

Lin Baicheng's answer, in the eyes of most people, is an admission in disguise, so there is a bad news.However, Hutchison Whampoa is willing to spend 1 million Hong Kong dollars to repurchase shares, which is a good thing, and Lin Baicheng's promise not to reduce his stock holdings is also a good thing.

Although there are big negatives, but there are two more positives, and there are factors such as Lin Baicheng and others' funds are buying, so the stock price rebounded immediately, broke through the price of 4 Hong Kong dollars, and is still going up.

Li Jiacheng and others spent real money to short, so of course they can't let the stock price rise.

When the stock price rebounded to a price near the opening price of 4.2 Hong Kong dollars, a large number of stocks held by Bob were sold immediately. However, under the multi-party funds of Lin Baicheng and others, all of them were eaten up, and the stock price was not suppressed at all.

When the stock price reached the price of 4.5 Hong Kong dollars, the Qi Dezun family also began to sell a large number of stocks.Although Qi Dezun's family did not participate in the short selling, they certainly wanted to sell the stock while the stock price was still high when there was a big profit.

Qi Dezun's family owns a large number of stocks, and after the stock price rebounded to 4.5 Hong Kong dollars, some profit hunters also began to choose to sell the stocks and leave.After all, there is a big profit, and the stock price will definitely fall, so in the case of limited upside, there are only a small number of investors who still hold stocks.

This time, although Lin Baicheng and other funds still bought in large quantities, the selling orders were even greater, so the stock price still fell.It's just that there is no cliff-like decline, and the trend is relatively stable.

At the end of the morning session, Hutchison Whampoa’s share price closed at HK$4.08, which was not bad, only HK$0.13 lower than the opening price, and the drop in the morning was only 13.74%.

At noon, news related to the press conference of Hutchison Whampoa appeared in major newspapers. At the same time, there was also the recent decline in the stock price of Hutchison Whampoa. Many newspapers were reporting that Lin Baicheng suffered a heavy loss this time. His net worth has shrunk by hundreds of millions of Hong Kong dollars.

After reading the relevant news, people talked about it with great interest, and many people speculated whether Lin Baicheng, who made a fortune last year, would lose all his assets this year and become an ordinary person again.

Legends are born and legends fall, that's what people like to see.

What's more, Lin Baicheng became a billionaire at a young age. Although there are many people who admire him, it is impossible to say that there are no people who are jealous of him.In the past, he went smoothly, so naturally no one said anything, but now that something is wrong, of course someone will show it.

But these have nothing to do with Lin Baicheng, no matter what Xiangjiang citizens think of him, they can't tell him.

(End of this chapter)