A week flew by swiftly.
Following Tuesday’s surge to the limit, Wei Hua’s shares had hit the limit again at the opening on Wednesday, Thursday, and Friday.
The reason was particularly amusing—rumors started spreading in the stock forums on Tuesday afternoon that Wei Hua’s performance for the first three quarters was expected to increase substantially.
In reality, anyone with a bit of sense should have known that true performance forecasts have to be announced by listed companies to count. What good are rumors?
But the naivety of investors these days is truly astounding.
It wasn’t strange that soone dared to spread the rumor, and indeed, quite a few people believed it.
Discussions about Wei Hua in the stock forums were extrely lively. This was fueled by the earlier appearances of the "Total Boss," Zhao Zhongshi, and other well-known figures on the leaderboards, coupled with Wei Hua’s fierce performance as corroborating evidence.
With the daily limit, most retail investors couldn’t buy in, yet people kept placing orders on the limit, growing more excited the more they couldn’t buy in.
Even temporary suspensions due to the stock price exceeding deviation limits couldn’t dampen everyone’s enthusiasm.
Speaking of the leaderboards, Zhongcheng’s account at Citic Hongkou Branch was the institutional investor that bought the most this week.
There was much speculation in the market about this new player. Ordinary investors obviously couldn’t guess, but Han Lie’s presence couldn’t be hidden from industry insiders.
In this day and age, there are no secrets within the circle.
Each brokerage’s sales departnt is like a business KTV’s star hostess in fishnet stockings. Custors who don’t spend enough can only glimpse from afar. Spend enough, and well... what do you want to do, Daddy?
Of course, the notion of "spending enough" is subject to a hierarchy.
It’s easy for Old Xu to investigate Han Lie, but it would be impossible for Han Lie to investigate Old Xu.
So, in reality, Han Lie was the one unilaterally exposed to the scrutiny of these tycoons, sparking various speculations and discussions.
As Wei Hua’s stock continued its streak of limit-ups, the attention it garnered grew accordingly.
It took the top spot on the leaderboard on Monday and showed no signs of backing down on Tuesday, Wednesday, and Thursday, with online retail investors boasting about "seeing the big picture," culminating in Friday’s turmoil.
On Friday, Wei Hua’s shares opened on the limit again, shooting straight up to a price of 19.68.
Around 10 o’clock, a large sell order from above broke the limit, and the price dropped to a low of 19.04, but then it couldn’t fall any further.
The stock price fluctuated throughout the day, repeatedly trying to break the 19 yuan round figure but never succeeding. Around two-thirty in the afternoon, it re-secured the limit-up, with over a billion yuan worth of shares traded.
The outco was sowhat different from what Jiao Fangyan had predicted. The selling pressure was lower than expected. The stock was tightly sealed at the 17 yuan mark yesterday, so it opened up for turnover today.
Of course, for Han Lie, whether it opened at 17 yuan or 19 yuan made no difference. He wasn’t affected at all.
Han Lie could have exited his position at today’s limit price of 19.68, which wasn’t far from his target price of 20 yuan.
But not only did Han Lie not exit, he actually picked up another 50 million yuan worth of shares around the 19 yuan mark and then used the last 50 million to ignite the stock and seal the limit-up again.
This was all of Zhongcheng’s remaining funds.
Jiao Fangyan asked, "Are we going to aim for a high tomorrow and then sell?"
"Yes."
Han Lie nodded. "Today, so big players cashed out. If we had followed by dumping the stock, it would have damaged its pattern, which would not be beneficial for Old Xu’s subsequent moves."
Jiao Fangyan quietly replied, "I checked, and there are quite a few orders placed just below the 19 yuan whole number mark. It seems Old Xu has been ready for a while."
"That’s right."
Han Lie smiled. "But if we put in a bit more effort, we can take so pressure off our partner. Isn’t that good?"
"Great."
Jiao Fangyan gave a thumbs-up, deeply admiring her young leader’s decisiveness and thick skin.
In fact, if Han Lie had dumped all his holdings today, it would undoubtedly have been sowhat strenuous for Old Xu to absorb them, but it wouldn’t have caused a collapse.
By instead intercepting and boosting the stock, Han Lie not only took so pressure off Old Xu but also managed to make more profit.
It wouldn’t be fair to say he was selfless, but calling him "decent" was entirely appropriate.
"If we exit smoothly tomorrow, Old Xu will probably owe you one," she added.
"That will be up to you then."
Han Lie winked, shut down his computer, and clocked out.
At 3:30, today’s leaderboard ca out. Citic Hongkou Branch had not only refrained from selling a single share but had also climbed to second place on the buy list, sparking an uproar on the stock forums.
The label of "seeing the big picture" was now firmly stuck to Tycoon Han.
"Rising to fa" was an apt description.
Consequently, Han Lie, Old Zhang, and Old Pan started receiving a flood of calls.
The content of the calls they each received was slightly different.
Those who reached out to Han Lie mostly ca with invitations.
Brokerages, funds, private equities, investnt firms, banks, insurance companies—a variety of invitations.
Regrettably, there were still no invites for private banking client seminars from banks.
The callers were various managers from major banks, primarily targeting the company’s third-party custodial accounts, and secondarily his company’s basic account and personal accounts.
Zhongcheng’s basic account was with the Citic Bank branch downstairs. Since it was only a short-term collaboration, Han Lie didn’t feel like making any changes.
The real mont to negotiate terms would be when it ca ti to manage private equity. For now, he would make do.
The reason it was "making do" was because the downstairs Citic Bank didn’t give Han Lie much priority.
Dammit, they’re always thinking about how to take Zhao Zhongshi out for a good ti. Just the day before yesterday, a deputy bank manager even showed up with a pretty secretary to visit Old Zhao. What’s the deal with that? Are they taking Old Han for granted?!
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