Before the blink of an eye,
the stock price soared to 124.58 yuan, hitting the daily limit.
The number of buy orders surged,
as 1.25 million shares lined up waiting to be purchased.
This figure was reassuring.
"Hai Sheng, you're amazing; it was my vision that was too narrow," Zhao Haisheng was dumbfounded and couldn't help but give a thumbs up.
Without any surprise, the funds in the financing account they provided to Lu Liang had now ballooned to 830,000.
"Ah well, to talk like that is just better luck."
Lu Liang patted Zhao Haisheng on the shoulder, "I'll get going, don't want to interrupt your work."
In the following four trading days, Baofeng Technology firmly established its name as 'Demon God.'
Although there weren't any spectacular one-word limits, every day saw a surge of 7-10%.
Before one knew it, another week had passed, and Baofeng Technology's stock price reached 224.4 yuan per share.
"Now is probably when the high-position changeover is happening!"
Lu Liang, sipping on coffee, recorded the situation every day, observing market trends to learn from the experience.
Because in three days, only two more daily limits were needed to achieve the feat of 40 days and 37 limits.
The distance to the highest price of 327 yuan was also closing in.
On this day, Baofeng Technology pulled another trick, staging a 'Sky Floor.'
The stock surged 10% to hit the daily limit in the middle of the trading day; half an hour later, it unexpectedly broke the limit before hitting the daily limit again until the close of the market.
The whole market was filled with voices of doom, either from the internet army or individual investors being led by the nose.
On forums like Tieba, Hupu, and Weibo on related platforms, posts clamored: "the Demon King has fallen~"
"Market Makers really know how to play!"
Lu Liang smiled slightly, unaffected by the rumors.
Because from the information known, it was clear the next two days would definitely be two daily limits.
This deduction indicated that today's 'Sky Floor' was a ploy to attract short-selling to gather shares, launch a final sprint, and lure individual investors to take the bait.
According to his research, the number of institutions that had entered Baofeng Technology during this time was as high as 38, the actual number being only more, not less.
For institutions wishing to lock in profits and exit successfully, they needed to attract a vast number of individual investors to take their place.
Simply raising the share price would only make individual investors increasingly fearful and hesitant to get involved.
But it is the regain after loss that truly stirs people's hearts. The final 30% gain in profit was like offering them a last meal.
Those who realized this would succeed in fleeing with the money, while those who didn't would end up as the scapegoats.
"Time to switch to a different book."
After finishing "The Fundamentals of Financial Markets and Institutions," Lu Liang didn't delve further into financial market knowledge.
No matter how thoroughly financial knowledge was studied, what was the use? The market is ultimately a tool of man, better to study the source directly.
In the next two days, two predicted daily limits arrived on schedule.
The stock price soared to 274.52 yuan, only 19% away from 327 yuan.
May 21st, Thursday,
Baofeng Technology had three days left before completing its second month on the market.
This day, the market sentiment was extremely agitated.
At half-past ten in the morning, one hour after the market opened,
the turnover rate reached 52%, with the trading volume surpassing 30 billion.
The market trend was erratic, sometimes rising five or six points, other times falling four or five points, giving an inscrutable feeling.
But because the 'Sky Floor' was followed by two more daily limits, individual investors' confidence was greatly boosted.
Moreover, Baofeng Technology was an Internet+ trending company, with a current market value of just over 40 billion yuan.
Various experts proclaimed that this was China's YouTube, a market value of 100 billion yuan, a stock price of 1,000 yuan was not a dream.
Besides, with the A-share index breaking through 4500 points, this exuberant trend was just short of explicitly stating blind and mindless rushing in.
Individual investors were bamboozled to the point of losing their capacity for independent thought, turning into lambs amidst the flock.
"If I didn't know what the future holds, would I be the same as them?" Lu Liang pondered this question seriously, his expression gradually turning ugly because the likelihood was high.
Caught in the game, oblivious to being a pawn within it, human greed is endless, wanting more the moment something is gained.
With this in mind, Lu Liang dared not be too greedy. Around 310 yuan, he began to sell off his 34,000 shares in small batches.
Once his personal account was completely cleared out, he logged into the brokerage-provided margin account.
He sold off all 6,600 shares in a single transaction.
In front of a feverish market, selling 40,000 shares was like tossing a pebble into the great ocean, stirring not even the slightest ripple.
"Personal account 10.54 million, margin account 2.046 million. After deducting various fees and adding the principal, the net amount is 12.066 million."
Lu Liang was in a daze. Two months ago, he had sold his house and had only about one hundred thousand in liquid funds. Even if he had put all his credit on the line, it would have amounted to just over six hundred thousand.
Now, he had become a multimillionaire.
Lu Liang took a deep breath, suppressing his excitement, and dialed Zhao Haisheng's number, "Haisheng, help me settle the margin account."
Zhao Haisheng was astonished, quickly opening the regulatory system, and upon discovering that Lu Liang had cleared his positions, he couldn't help but remind him, "Liang, even if it's not a full month, we still charge the full month's fees."
Lu Liang said, "No problem, just deduct it directly."
"Liang, if you're free this afternoon, come by the sales department, and we'll sign the settlement contract."
At two o'clock in the afternoon, Lu Liang once again arrived at the bustling Guotai sales department, still teeming with people opening accounts.
At ten in the morning, the stock index had broken through 4,500 points, sparking a nationwide stock trading frenzy. The older generation was even hailing it as a return to '92.
Trading stocks had truly become a trend.
Lu Liang was invited to the VIP room and, looking down at the zealous investors below, a strange light flashed in his eyes.
Lately, he had been trying to think from the perspective of the "Market Maker," and what he saw before him was lush "green onions" ready for harvesting.
Lu Liang thought, it should be reaching the peak soon, right? Finance isn't the mainstay industry in China—real estate is.
Zhao Haisheng was printing out a contract, smiling as he asked, "Liang, did you hear some insider news?"
"What news could I possibly hear? It's just that the market sentiment is too exuberant, and I'm afraid of getting swept up in it," Lu Liang laughed it off.
"It is indeed time to cool down."
Zhao Haisheng was very polite and did not press further.
He couldn't help but glance at the market chart on the wall; Baofeng Technology's stock was up 7.55% for the day and was about to hit the "Sky Floor" again.
As an experienced professional, Zhao Haisheng's lips curled into an involuntary smile at the sight of such market conditions—how could he miss out?
Lu Liang was just being too cautious; the stock market was performing so well right now, poised to charge at 5,000 points.
It would be difficult for individual stocks to drop.
But he had already made more than enough, so cashing out now was reasonable.
"Damn, sold too soon."
Lu Liang followed the gaze with a look of annoyance.
Zhao Haisheng consoled, "Liang, it's good to secure the bag early."
Lu Liang sighed, "But who would ever complain about having too much money?"
Zhao Haisheng smiled without a word, presenting the settlement contract, "Please take a look, a balance of 1.536 million."
Upon verifying that everything was in order, Lu Liang signed his name.
Zhao Haisheng said, "Liang, the funds will be in your account within two hours, please check then."
"We recently launched a new mixed fund that has gone up 25% in the past month—would you be interested in learning more?"
Zhao Haisheng didn't know exactly how much money Lu Liang's 68 score had made, but he conservatively estimated it at no less than six million.
That meant, Lu Liang now controlled at least 7.5 million in liquid funds. If he invested just one million in the fund, Zhao Haisheng would earn a commission of fifteen thousand.
"Let's rest for a while. Lately, my heart races watching the markets every day, keeping me from sleeping well."
Lu Liang fended off the pitch with a laugh. These so-called funds, they don't rise as much as stocks, and they fall even harder than stocks.
Moreover, most funds' profits aren't derived from market investments.
They're generated from continuous trading, accruing transaction fees to ensure a steady income for themselves, regardless of market conditions.
As for clients, they're dismissed with a simple warning: "Investment involves risks."
If they make money, it's purely because of good market conditions, nothing to do with their operations.