Reborn in Hong Kong as a Tycoon

Chapter 183 The stock price soared
On Monday, the stock market traded normally, and the four major exchanges were overcrowded.

The Hutchison Whampoa stock is still the most beautiful boy in the stock market today, and many investors are concerned about it.Not to mention the investors who hold stocks in their hands, even the investors who do not hold stocks are very concerned about the trend of this stock.

The big rise and fall is actually very attractive to some investors who like to make short-term trades.

As of last Friday, Hutchison Whampoa's share price closed at HK$3.02.

After the call auction in the morning, the opening price of Hutchison Whampoa was 3.18 Hong Kong dollars, which directly opened 5.3% higher.

Although many stockholders were affected and sold their stocks at a certain price during the call auction stage due to the many negative news on the weekend, but today not only Lin Baicheng and others are buying stocks, even Li Jiacheng and others are also buying stocks, so The stock price opened directly higher.

"Opening so much higher, I feel like I'm going to go higher and fall back!" "I'm going to open a little lower and I want to buy a short difference, so I'm fine with opening higher." Come down and fall below the price of 3 Hong Kong dollars.".
The stock price of Hutchison Whampoa opened higher. In the eyes of many stockholders, this means that there is a lot of money to save themselves. After pulling up the stock price, wait until some funds take over the market, and then sell a large amount of stocks in their hands to let others take over.

Some people think that it is a fall from the high, and of course some people think that the stock price will rise sharply, so they rush in and buy it. After all, everyone has different ideas.

However, to the surprise of many investors, the stock price of Hutchison Whampoa fluctuated for a few minutes after the opening of the market. The stock price was always above 3 Hong Kong dollars, and then immediately rushed straight up, rising to around 3.5 Hong Kong dollars within a few minutes. An increase of about 17%.

The reason for this is that Li Jiacheng and the others did not move after the stock market opened. They wanted to see if the stock price would fall, but found that although there were a lot of selling orders, the intensity of receiving orders was not small, but even greater. Take the shock upward trend.

Li Jiacheng and the others, who knew that they and others had already lost in short selling, found that the stock price could not go down. Instead of suppressing the stock price, they increased their buying efforts and bought a large number of stocks.

The stock price fluctuated at the price of 3.5 Hong Kong dollars for less than 5 minutes, and then shot up again, reaching the price of 4 Hong Kong dollars, an increase of more than 30%.

Only about 10 minutes after the stock market opened, the stock price of Hutchison Whampoa rose by as much as 30%, and the price did not fall sharply at 4 Hong Kong dollars, but the trend was volatile, which surprised many people.

The stock price reached 4 Hong Kong dollars. Many institutions and retail investors who had already shorted or not yet shorted did not know the inside story, so instead they chose to continue shorting and wanted to suppress the stock price.

It's just that today's receiving funds are very large, so it has evolved into a long-short game, constantly oscillating, and the amplitude is quite high.After a while, the stock price rushed to about 4.2 Hong Kong dollars, and then fell to about 3.8 Hong Kong dollars, with an amplitude of more than 10%.

Although Lin Baicheng did not go to the exchange to watch Hutchison Whampoa's stock price trend in person, when Hutchison Whampoa's stock price rose by more than 10% in about 30 minutes, the employees below immediately called him to report the situation.

"It has risen so much, there must be a lot of money buying, who could it be?"

Lin Baicheng was puzzled, but he didn't think too much about it. He directly called Iwasaki Mineryu and Anyuan who were in charge of the operation, and asked them to directly buy a large number of stocks and raise the stock price until all the funds were spent. until the end.

A few minutes after Lin Baicheng finished the phone call, the stock price of Hutchison Whampoa ushered in a sharp rise again, straight up, rose to above 5 Hong Kong dollars, and continued to rise.

"What's going on here? How did Hutchison Whampoa rise so much today?" "It's 5 Hong Kong dollars, and it's still going up." "Is it possible that the stock price can double today?".
The stock price of Hutchison Whampoa kept going up, so that many people doubted life and thought it was too evil.

As a result, some funds that were going to short, after seeing the rising stock price, wondered if there was some big money that knew the news in advance, so they dared not short.

As for retail investors, when the stock price of Hutchison Whampoa is constantly rising, when it rises by 20%, I feel that it will fall sharply. When it rises by 30%, I feel that it will adjust. I didn't dare to buy it, but when the price rose higher and higher, it was easy to choose to buy stocks in a flash of enthusiasm.

The vast majority of stockholders are like this. They are easy to be dazzled by the rising stock price, and then take orders at high positions, becoming a taker and a leek in the stock market.

However, investors who dare to rush in to buy stocks today are lucky and will not become leeks, because the stock price of Hutchison Whampoa continues to soar.Although it is not without adjustments in the middle, there are not many adjustments, and the overall volatility is still rising, with an astonishing increase.

"If you want to buy a lot of stocks at a low price, don't even think about it!"

When Lin Baicheng learned that Hutchison Whampoa's stock price exceeded HK$5 and was still rising, he knew what he should do, and he couldn't let this large amount of buying funds benefit in vain.

Lin Baicheng called Wei Li's office: "Wei Li, ask someone to contact the major media and say that Hutchison Whampoa will make a major announcement at 11 o'clock."

"Okay, Mr. Lin."

Wei Li responded. Although he was a little puzzled as to why he had to announce the news that was announced after the stock market closed in advance, he didn't ask too many questions.

The news that Hutchison Whampoa will hold a press conference at 11 o'clock spread quickly. HSBC and Li Jiacheng, who learned the inside story, both increased their buying of stocks, and the stock price rose to the point that many people doubted their lives.

Nowadays, the stocks of Hutchison Whampoa are very concentrated. First of all, Lin Baicheng himself holds 49.9% of the shares, nearly 2 million shares.

Hutchison Whampoa repurchased 5000 million Hong Kong dollars and Lin Baicheng raised 5000 million Hong Kong dollars, and the total number of shares purchased exceeded [-] million shares.The cooperation between Lin Baicheng and Iwasaki Fenglong also bought more than [-] million shares.

As for HSBC, the number of shares bought also exceeded 5000 million shares.

All together, the number of shares exceeds 3.5 million shares, which is not much worse than 4 million shares.

The reason why the stock price was able to fall before, and now that there are funds to buy a lot of stocks, it is because a lot of funds have chosen to short-sell through securities lending, borrowing stocks from securities companies to sell short, so the overall number of stocks in circulation is actually more than 2 million shares.

Although Lin Baicheng promised not to sell a share of stock, he is indeed doing so, but he mortgaged 9000 million shares to HSBC, and the loan agreement he signed at the beginning also agreed that HSBC could sell the stock to the market for short selling. As long as HSBC returns him the corresponding number of stocks when he repays the loan.

The number of Hutchison Whampoa shares circulating in the market is nearly 3 million shares, and Lin Baicheng and HSBC hold more than 1.5 million shares, so the number of stocks that can be bought in the market is at most 1 million shares.The reason why it is the most is because it depends on how many stocks are short-sold by securities lending. If only 5000 million shares are sold by securities lending, the overall number of stocks in circulation is actually 2.5 million shares, not more.

(End of this chapter)