Reborn in Hong Kong as a Tycoon

Chapter 177

"Brother Bao, it fell, and it fell again!" "Brother Bao, the price is almost HK$3!" "Brother Bao, do you think we can hold on this time?" "Should we sell it or hold it?".
The stock price of Hutchison Whampoa continued to fall, and everyone who held stocks in the trading floor was nervous, anxious, and talking a lot.

"I decided to cover the position again, betting that he can rebound and make the cost down."

Chen Baocai said to the people around him in a deep voice, yesterday he bought 8 Hong Kong dollars worth of stocks at a cost of 5.23 Hong Kong dollars, and when the stock price opened lower in the morning, he would not be able to run away at all. After leaving, I decided to take it.

When the stock price was close to 3 Hong Kong dollars, Chen Bao gritted his teeth and bought the remaining 3.03 Hong Kong dollars in advance at the price of 4 Hong Kong dollars. Later, the stock price really rebounded. The stocks with the market value of Hong Kong dollars were sold, and the cost price was hit to 4 Hong Kong dollars.

Today, Chen Baocai still holds stocks with a cost of 8 Hong Kong dollars at a cost of 4.35 Hong Kong dollars. Now this part has lost nearly 30%, which is more than 2 Hong Kong dollars.

Because there is still a relationship of 4 Hong Kong dollars, Chen Baocai wants to rebound again. The stock price will rebound to above 4 Hong Kong dollars, and then sell it at that time to reduce the cost.Chen Baocai believes that even if Hutchison Whampoa falls sharply due to bad news, it will not fall too far. Now it is just an emotional mistake. As long as you dare to hold it for a while, it will slowly recover later.

"I'm going to hang out with Brother Bao!" "Yes, let's fight for another rebound!" "I'm already full, so why don't I cut it?".
Because of the relationship between fighting against a rebound, a few people chose to continue to believe in Chen Baocai, and some people did not follow up because their positions were full or they did not want to buy any more.

Chen Baocai and others went to place an order, and they chose to pay in advance. Now that the stock price is 3.08 Hong Kong dollars, they placed an order to buy at 3.03 Hong Kong dollars.This kind of advance payment cannot be executed now, but as long as the stock price falls to 3.03, the order they placed will naturally be executed.

"Look, the price has fallen to 3 Hong Kong dollars!"
Not long after, the stockholders who followed Hutchison Whampoa's stock price exclaimed, but when the stock price fell to 3.05 Hong Kong dollars, it suddenly changed to 3 Hong Kong dollars. Obviously, there was a big order smashing the market and eating up the middle price. All buy orders.

However, the price of 3 Hong Kong dollars has not been broken down, indicating that there are many buy orders ambushing at this price and there is strong support.

Of course there will be strong support. Lin Baicheng and Shen Porridge discussed on the phone, and both parties paid 1000 million Hong Kong dollars to place a large amount of buying orders at the price of 3 Hong Kong dollars to support the stock price at this price.The reason why more bills are not buried is because it costs real money to set the bills in advance, and if the set bills are placed there, that part of the funds cannot be used, so there is no point in setting too many bills.

The big order that suddenly appeared was that Bob and the others were smashing the market. They directly chose to sell 3 million Hong Kong dollars at the price of 1000 Hong Kong dollars, but they didn't want to break through this price.

Seeing this, Bob and others naturally asked the trader to sell another 3 million Hong Kong dollars at a price of 1000 Hong Kong dollars. This time, the stock price remained unchanged at 3 Hong Kong dollars.

At this time, Bob and the others don’t know that there is a buy order to ambush in advance at this price. The problem is that they are already stuck. Faced with this situation, they have to choose to break through the price of 3 Hong Kong dollars, so that they are on the futures side. Just to complete the settlement.

Therefore, Bob and the others once again placed a sell order of 1000 million Hong Kong dollars, and this time they finally broke through the price of 3 Hong Kong dollars.

The remaining 1000 million Hong Kong dollars from securities lending, they decided to sell when the stock price encountered resistance, suppressing the stock price.

The stock price at 3 Hong Kong dollars is actually supported by about 2000 million Hong Kong dollars of funds, which made Feng Jinxi a little worried. He suggested that the short order can be settled now, and the settlement price should be set at the strike price of 3 Hong Kong dollars, weakening the rebound expectations of the bulls , let the bulls choose to settle.

The stock price of Hutchison Whampoa was still falling after falling below the price of 3 Hong Kong dollars. Therefore, when there was an empty settlement order at the price of 3 Hong Kong dollars in the options market, some of the funds that had been placed by the opponent before were long and immediately chose to settle.Although they lost 50% of their funds in this way, they were worried that they would fall even more, so they chose to cut the meat.

Mineryu Iwasaki, who was always paying attention to the changes in the market, naturally found the falling stock price and empty orders for settlement, so he immediately called Lin Baicheng.

"Lin Jun, now the stock price has fallen below 3 Hong Kong dollars, and the short orders are being settled. This means that those short sellers are going to retreat."

"I remember that they opened an empty order of 6 Hong Kong dollars in the options market, of which more than [-] million Hong Kong dollars were accepted by others. Now the settlement of this part of the funds can still earn tens of millions of Hong Kong dollars."

Lin Baicheng did the math, if Li Jiacheng and others settled this part of the funds, they would only earn less than [-] million Hong Kong dollars. The bulk of the more than [-] million empty orders were in the hands of Iwasaki Mineryu and his cooperation. They would definitely not It is settled now, so the short side is doomed to lose a lot of money.

"No matter what they do, they settle their accounts. We can take advantage of the current stock price drop and continue to buy, and the cost can be lower."

In fact, Lin Baicheng really wants to kill them all, that is, to raise the stock price to 5 Hong Kong dollars or even 6 Hong Kong dollars, but he does not have much funds to make decisions. He is cooperating with Iwasaki Mineryu. If Iwasaki Mineryu can raise the stock price, That will definitely damage some of Iwasaki Mineryu's interests. In the future, he will cooperate with Iwasaki Mineryu a lot, and he doesn't want this matter to affect the cooperative relationship between the two.

Therefore, in the case of more than 2 million Hong Kong dollars in long orders, the short side will inevitably suffer heavy losses, so Lin Baicheng decided to forget it and let them lose less, while he and others bought stocks at a lower price. Earn more.

"Okay, then let's continue to pursue the victory."

Iwasaki Mineryu responded, and after hanging up the phone, he told the traders to continue buying stocks, and at the same time, he took all the short orders in the market in the options market, and made the counterparties of the short orders.

Lin Baicheng didn't raise the stock price, and HSBC naturally wouldn't.HSBC does not trade in the options market, and the stock price is lower, and HSBC can buy at a lower price. This is a good thing for HSBC, how can it be destroyed.

The result of this is that the stock price continues to fall, and there are funds who can't bear to cut their flesh and leave, but there are also bold funds to buy bottoms, and more people such as Lin Baicheng are slowly buying.

Without Lin Baicheng raising the stock price, Li Jiacheng and others settled their empty orders in the options market very smoothly. After seeing the stock price falling continuously, more and more funds chose to close the order at the exercise price of 3 Hong Kong dollars to complete the settlement.

Li Jiacheng, Feng Jinxi, Niu Bijian, and Bob were very happy to see the empty orders being closed continuously and the funds in the account increased. They made a 50% profit from short selling this time, and each of them made a profit. to tens of millions of Hong Kong dollars.

(End of this chapter)