Reborn in Hong Kong as a Tycoon

Chapter 58 The Wharf Storm ([-])
As an old investor, Chen Baocai would arrive at the exchange on time every day no matter it was windy or rainy.

Today is no exception. Chen Baocai came to the Xiangjiang Stock Exchange before the stock market opened, and communicated with some friends who also came earlier in the exchange hall.

"Recently, the stock market has shown signs of rising, and it will rise at the end of the year. I am ready to enter the market with a full position."

"I think so too, but you have to observe carefully which stocks to buy."

"No, there will still be stocks that hit the market during the big rise. It is very important to choose the right stocks."

"This year's market will go up and down, and there is no profit at all. Now we can make some money by going up at the end of the year."

"..."

Chen Baocai and his friends can be said to be professional stock investors. They have some money, and studying the stock market every day is work for them.Among them, some lost too much capital and had to leave the stock market, some chose to stop after making a fortune, and there were also newcomers who entered the market and became their friends.

These people are just for the convenience of communication and to talk about their respective views. How to buy stocks is everyone's own business. Usually, no one recommends stocks to others.Because if you recommend a certain stock, if you make the most money, you will be treated to a meal, and you will not be given any money; .

Time passed slowly amidst the exchanges between Chen Baocai and the others, and it reached nine o'clock.

As soon as 15:9 a.m., the stock market began to enter the auction trading stage, a total of 15 minutes. From 9:20 to 10:9 is the matching stage, after which there is a 30-minute break, and when [-]:[-] arrives, the stock market officially opens and enters the trading time.

If the pre-market trading time is not included, the trading time of Xiangjiang stock market is from 9:30 am to 12:1 am, trading starts at 4 pm and ends at [-] pm.

Generally speaking, unless a certain stock has good or bad news yesterday, or experienced a sharp rise and fall yesterday, the stock will not have much trading volume during the call auction stage, and the rise and fall will not be too large.

Chen Baocai and others did not buy or sell stocks during the call auction stage, but when the time for matching orders passed and the opening price of the stocks was confirmed, a stock attracted the attention of Chen Baocai and some people in the exchange.

The Wharf stock opened at HK$13.58 today, a 13.1% increase from yesterday’s closing price of HK$3.67, with a trading volume of more than 4000 lots. Based on a lot of 100 shares, the transaction amount exceeded HK$500 million.

It can be seen from the transaction volume of more than 500 million Hong Kong dollars that this is a large amount of money entering the market.Today, this stock will definitely not be dead, and the rise and fall will definitely be greater than before, and such a stock is an opportunity for some people.

The reason why Chen Baocai noticed this stock after the bidding period was over was because he happened to hold 1000 shares of this stock, and it was impossible for him not to pay attention.

As soon as 09:30 arrives, the stock market officially opens for trading.

Many people stared at the stock price changes of the Wharf stock on the display screen in the hall, wanting to see how the stock would go after the market opened.

Although the Hong Kong Stock Exchange in 77 did not use computers for stock trading, electronic equipment has been introduced, because computers are convenient for statistics and settlement, and the display screen is convenient for stockholders to view stock price changes.

In the attention of many interested people, Wharf's stock price has continued to rise since the opening of the market, with a large number of buying orders and sweeping goods. In less than 5 minutes, the stock price was pushed to 14 Hong Kong dollars, an increase of 7%.

At this time, although Wharf's stock price was still rising, it had lost the momentum it had at the beginning. Selling orders began to increase, and the stock price began to rise slowly in three steps.

"The bulls of this stock in Wharf look very strong today, and I am going to increase my position and enter the market."

Chen Baocai said to a few friends, and then went to make up 10 lots, adding up to 20 Wharf stocks in his hands.However, the cost price he originally held was 12.8 Hong Kong dollars, and now the cost price has become 13.5 Hong Kong dollars. If the stock price falls back to yesterday's closing price, not only will he not make any money, but he will lose a lot.

There are many people who buy stocks like Chen Baocai. Chasing ups and downs is the norm. Seeing the stock price keeps going up, it is very normal for some people to be unable to resist entering the market.

However, as the stock price of Wharf slowly went up, when the stock price rose by more than 10% compared with yesterday, many investors who bought the stock yesterday or even held the stock earlier couldn't help but hold the stock in their hands. shares sold.

It's just that although the selling order was not small, both Lin Baicheng and Li Jiacheng chose to buy stocks.

Lin Baicheng wanted to buy Wharf, so he asked Anyuan to buy stocks as long as the stock price did not exceed 20 Hong Kong dollars, and try to hold as many shares as possible.

Li Jiacheng is preparing to raise the stock price. He wants to see what another force that buys Wharf shares will do, so he is also buying stocks.

The two parties made great efforts, and they had sufficient funds in their hands, so although the selling price was not small, they were still eaten by them, and the stock price continued to be pushed up under their acquisition.

When the share price of Wharf reached HK$15, the selling orders above began to become scarce. Obviously, many people saw that there was a lot of money buying Wharf's stock, and more people chose to hold shares and wait for the rise.

At the same time, some institutional traders began to increase their buying volume, hoping to get a share of the action.

With two big funds, some institutional traders, and retail investors following suit, the stock price of Wharf continued to rise under the joint efforts of many parties. Although it was hindered by key prices such as 15.5 Hong Kong dollars, 16 Hong Kong dollars, and 16.5 Hong Kong dollars, they were all blocked one by one. capture.

When the stock price of Wharf broke through 17 Hong Kong dollars, compared with yesterday's closing price of 13.1 Hong Kong dollars, today's increase has reached 30%.In other words, if someone held a stock with a market value of [-] Hong Kong dollars before the market opened today, it would have become [-] Hong Kong dollars by now, making a huge profit.

There is no price limit for Xiangjiang stock trading, and you can buy and sell unlimited times on the same day.Taking [-] Hong Kong dollars as an example, it is possible to earn [-] Hong Kong dollars that day, but it is also possible to lose only [-] Hong Kong dollars, although both possibilities are very small.

At this price, the profit taking is even bigger, and the selling above is not small.

More importantly, Li Jiacheng stopped buying stocks after the stock price reached 17 Hong Kong dollars, and chose to wait on the sidelines.

It is true that Lin Baicheng told Anyuan to keep buying until the stock price reached 20 Hong Kong dollars, but it did not mean that Anyuan would buy and buy all the way. When he found that the stock price exceeded 17 Hong Kong dollars and there was a huge sell-off, he immediately let the following of people temporarily stopped buying stocks.

The two big funds stopped buying, and the buying volume of retail investors and some institutions could not break through the upper pressure plate at all, so the stock price soon turned around and fell.

Seeing that the stock price went down, the profit orders immediately poured out, accelerating the decline of the stock price, and it fell below 10 Hong Kong dollars in less than 15 minutes, but it quickly rebounded in a short-term, and the price fluctuated around 15 Hong Kong dollars.

　(Betting on investing in monthly pass collection, please support us!)
　　
　
(End of this chapter)