Chapter 49 of 100
Chapter 49
8 min read1,918 wordsMature
The next day, early on this Monday, Jia Hongjian did not appear at school, which caused a wave of surprise among the students at the experimental school. After asking the teacher, Zhao Ziyuan and the others learned that Jia Hongjian and his mother had both taken leave due to an emergency at home...
At this moment, Jia Hongjian and his mother were on a bus heading to the Guotai Securities Company. After they arrived at the stock brokerage closest to their home, taking advantage of the time before the stock market opened at 9:30, Su Ping quickly opened an account at Guotai Securities using her ID card. After completing the account opening, the mother and son sat on plastic chairs in the trading hall, wiping the sweat from their heads. They had gone to the bank early in the morning and, with the help of an acquaintance, managed to convert all their various treasury bonds and savings books into cash in less than 30 minutes, then rushed to the securities company, so their clothes were almost drenched in sweat.
"Actually, couldn't we just use Dad's account? He also opened an account at Guotai, right?" Jia Hongjian muttered to his mother after she returned from opening the account.
"Yes, he did open it at Guotai, but you know your father's personality. He's as stubborn as a bull. He once said that the 3,000 yuan he invested in Yanzhong Industrial was for commemoration, not investment. If I used his account, I would definitely secretly sell all his stocks, and he would definitely get angry. So, it's better to keep it out of sight and out of mind. We'll just make money for ourselves to avoid his complaints..." Su Ping said with a pout. She was as stubborn as her husband. If she weren't, she probably wouldn't have insisted on marrying Jia Gang, who had been in prison, despite the family's opposition.
"Hmm, I forgot to ask Dad how stocks are traded. Do you understand it?" The stubborn Su Ping suddenly turned to her son and asked. "I don't understand anything... First, you go to the trading window to place a trade order. For example, if we want to buy, we set a purchase price and quantity. If we set it to buy 100 shares at 9.1 yuan, the securities company will buy for us when the price reaches 9.1 yuan. The same goes for selling, where we place an order to sell at a certain price..." Jia Hongjian explained to his mother.
Actually, he really wanted to trade himself, but unfortunately, it wasn't the 21st century. In the 21st century, children have ID cards from birth, but now the unfortunate Jia Hongjian had to wait until he was 16 to get an ID card. Without an ID card, he couldn't open an account, which caused a lot of trouble...
"Is that so... Then let's buy at 9.1 yuan... How about buying 1,000 yuan worth?" Su Ping calculated the approximate price in her mind and asked her son cautiously. "Wang Coulan only said it would rise, but didn't specify how much. It wouldn't be good to invest too much, right?"
"Then why don't we just go home now?" Jia Hongjian felt like he had three black lines on his forehead, as in a manga. "Mom, this isn't ordinary stock trading. Ordinary stocks don't rise much, but this is a takeover battle. According to examples from the U.S. stock market, a 100% increase in one day is possible!"
"A 100% increase in one day?" Su Ping, who had been cautious and housewife-like, suddenly became ambitious. "Are you serious?"
"Of course, I'm serious. Our country's stock market doesn't have the daily limit rules that are popular internationally. In other countries, the maximum daily increase is 10%, but in our country, there are no such rules. So, as long as there's enough capital, a 100% or even a 1,000% increase in one day is possible..."
"Is that so..." Su Ping felt like her head was full of floating RMB. "How about we buy 20,000 yuan worth? We'll keep half of our savings just in case..."
"Mom... That's not very meaningful. Do you know what it means that Sister Wang secretly gave us this information? If the SEC finds out, it would be considered insider trading, and she could face legal trouble... She took this risk to tell us about this opportunity to make money. If you're so hesitant, she'll be furious when she finds out." Jia Hongjian tried to scare his mother. "Here, I have 4,000 yuan from me, Dan Shui, and Jing Xing. Take it and invest it together."
While accompanying his mother to deposit all the cash into the securities company account, Jia Hongjian suddenly saw a large group of people entering the securities company, and one of them looked like Wang Coulan! Seeing Wang Coulan at the securities company, he understood what was happening. His casual remark had sparked Wang Coulan's idea of a takeover, and he had used her as a shield to avoid his parents thanking her directly. Wang Coulan, in turn, to avoid the embarrassment of admitting she wanted to take over, had claimed that she had heard a friend's company was planning to do so. This series of coincidences had formed a seamless excuse...
Sun Yusheng was called to the director's office. As he entered, he saw his old superior's serious face, which gave no indication of whether he was pleased or angry.
"The decision on your broadcasting accident has been made. The station's opinion is that you no longer need to work in the 'Oriental Horizon' program group..." Yang Guang looked up at Sun Yusheng, then lowered his head to read the document in his hand without looking up.
Hearing this verdict, Sun Yusheng was stunned. He had thought the worst would be a severe reprimand and the loss of his team leader position, but he hadn't expected to be denied even the chance to work as a regular employee in the program group. "Am I being fired, or transferred to another group?"
But he received a cold snort in response. "Do you think you can go to another program group? Dream on!" Yang Guang glared at Sun Yusheng. After a moment, seeing Sun Yusheng preparing to leave dejectedly, he said, "Who said you could leave?"
"Boss Yang, if I can't go to another program group, doesn't that mean I'm being fired?" Sun Yusheng's spirit was completely broken, and he spoke in a low, defeated voice.
"Brat, I didn't say you can't go to another department!" Yang Guang glared at Sun Yusheng and raised a document. "If it weren't for me, you'd be packing your bags and leaving today! There are others who are also helping you. Someone up top even appreciates your actions. Here, take this. You're going to lead the establishment of the News Commentary Department and then, as Director Sun, create a program that criticizes social issues... The name has already been decided by the top brass: 'Focus Talk.'"
"Ah?" Sun Yusheng felt like he was in a dream. "I'm not being fired? I'm even becoming a director? Boss Yang, don't joke with me. Who else could be helping me... Could it be Old Shui?"
"Shui Junyi? That guy works for Xinhua News Agency, and he does have the connections to help you." Yang Guang nodded thoughtfully. "But regardless, now that the higher-ups have approved this approach, you should boldly go ahead. But I'm warning you, if you try to bypass the Truth Department, I'll beat you to death! Also, just like with 'Oriental Horizon,' you're not allowed to recruit people from within the station. You have to find people from outside..."
"Really? Great!" Sun Yusheng was delighted. Although he wasn't allowed to recruit from within the station, 99% of the people in the 'Oriental Horizon' program group were recruited from outside, including Shui Junyi, who had saved him this time. So, he could still bring Shui Junyi to 'Focus Talk'...
The takeover battle for Yanzhong Industrial began.
Jia Hongjian sat on a plastic chair in the Guotai trading hall, eating a 20-cent puffed ice cream, while watching the stock price of Yanzhong Industrial (code 600601) rise continuously. With the support of the entire Guotai Securities Company, Wang Coulan and others seemed to start buying Yanzhong Industrial's stocks as soon as the market opened, and in less than an hour, the stock price had risen by nearly 10%!
At the Shenyin Securities Company in Shanghai, Li Wei, the director of Shenzhen Baoan Securities, heard the news he least wanted to hear— "Director Li, someone has started buying Yanzhong Industrial's stocks before us. What should we do?"
"What should we do?" Li Wei looked at a series of data with a serious expression and said, "First, we'll create some volatility to clear out the retail investors and gauge the strength of the other party!"
The volatility Li Wei referred to involved intermittent buying and selling of stocks, causing the stock price to rise and fall, creating a wave-like pattern on the K-line chart. This would eventually suppress the stock price, scare retail investors into selling, and allow large investors to buy at the lowest possible price!
As a result— "Son, can we sell now? Look at how the stock price has fallen! It's over, all the savings my husband and I have worked for are gone. We should sell everything right now!" Su Ping was almost in tears.
"The Chinese stock market follows a T+1 rule, which means you can't buy and sell on the same day. You have to wait until the next day..." Jia Hongjian, eating a 10-cent orange-flavored popsicle, explained to his mother calmly. "Besides, the ups and downs are evidence that a large institution is buying. Do you think these big companies are so kind as to let us ride their coattails? They need to scare retail investors out of the market to buy at the lowest price..."
"Is that so... Hey? Then why did we buy so much at the beginning? Why didn't we wait for the lowest price?" Su Ping suddenly asked, puzzled.
"Who can be sure that only one company will be involved in this takeover battle? If Sister Wang's friend can target Dad's company, others can too. If two or three companies are competing, the volatility will be unpredictable, and we might suddenly see a sharp rise. Besides, neither you nor Dad are professional stock traders. Do you have the time to monitor the market all day? Stock trading is a gamble, testing one's mental fortitude. It's better to buy steadily at the beginning rather than suffer every day..." Jia Hongjian explained.
Actually, Jia Hongjian could have traded himself, but he often had headaches explaining things to his parents. He didn't want to reveal anything strange, and being too professional could attract attention. It was better to act like a latecomer and buy and then let go...
At 3 PM when the market closed, the stock price of Yanzhong Industrial (code 600601) was 8.5 yuan per share...
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Historically, Old Sun was the creator of 'Oriental Horizon' and 'Focus Talk,' and he served as the director of the News Commentary Department at CCTV when 'Focus Talk' was established.
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