Chapter 7: "Big Brother's Legs Aren't As Thick As Usual"
It was around 10:00 in the morning when Fang Hong abruptly instructed, "Clear the warehouse and dispose of it."
Before he finished speaking, he had already started clearing the warehouse and withdrew the positions. The transaction was completed by around 10:04, with an average selling price of 28.90 yuan. At that moment, the intraday increase of Dinghai Seed Industry had surged by 6.72%.
Cao Chenghui quickly followed suit and sold all of his holdings. Since the stock was in a rapid rise phase, and both of them had small positions, their exits didn't cause too much fluctuation in the stock price.
After selling, Fang Hong didn't immediately make another move.
He waited for about 20 minutes. During this time, Cao Chenghui observed that Dinghai Seeds had started to plummet sharply, dropping from nearly a 7% gain to just over 2%. Looking at his selling price, it was clear that he had exited almost at the highest point of the day.
Fang Hong seemed to have an uncanny ability to buy at the lowest points and sell at the highest points every day. It felt as though he could read the market like no one else.
At this moment, Cao Chenghui silently admired the big brother. His respect for Fang Hong was growing deeper, much like a river that never stopped flowing.
As time passed, Fang Hong remained idle, neither selling nor searching for another stock to invest in. This puzzled Cao Chenghui. Finally, he broke the silence. "Brother, which sector are you looking at today?"
Without looking up, Fang Hong typed in the code for a stock, 600843, and casually said, "Let's go with this one today."
Cao Chenghui glanced at the stock code and couldn't help but remark, "Shanggong, in the special equipment sector? What's going on now?"
At this point, the stock had dropped significantly, showing the largest intraday decline of nearly 3%.
Fang Hong shook his head, replying, "Don't rush into it. No limits yet."
The stock had been stagnant, with the largest one-minute trading volume showing just 200,000 yuan. For much of the time, there were no transactions at all, and the few trades that did occur amounted to a few hundred or thousand yuan at best.
When the morning session closed, Fang Hong hadn't made any further moves.
Cao Chenghui checked the time and suggested, "Brother, I know a great restaurant. How about we go eat? The market is closed for now."
Fang Hong nodded in agreement.
The two logged out of their trading accounts, hung up their phones, and headed for the restaurant that Cao Chenghui had already scouted. It was a treat from the boss, of course.
After a short while, they arrived at a local restaurant. It wasn't particularly luxurious, but it was decent.
As they waited for the food, Cao Chenghui smiled and asked, "Brother, I'm really curious—how do you manage to catch the highest points so accurately? It's impressive. I'm amazed."
Fang Hong didn't hesitate in his response: "It's just about sweeping the plate, going with the flow, and prioritizing what matters most."
Cao Chenghui was momentarily stunned and then asked, "Follow the flow? Is it really that simple? Don't you analyze the stocks before making a move?"
Fang Hong shook his head, replying, "Analysis, yes. I scan the market as I go. But when it comes to the shortest time frame of the day, there's no real analysis. I can make a quick judgment with just a glance."
Cao Chenghui was left speechless.
If he hadn't seen Fang Hong's flawless execution over the past few days, he might have thought this was just bragging. But the facts spoke for themselves—Fang Hong's strategy was working, and Cao Chenghui was benefitting from it.
Some people were just born to excel in the stock market, natural players. Even if they were taught step-by-step, others simply couldn't learn it.
All he could do was feel envious.
As the dishes were brought to the table one by one, Cao Chenghui personally poured a glass of wine for Fang Hong and raised a toast. He held the bottom of the glass with one hand and lowered it in a respectful gesture. His humble attitude surprised the waiter, who couldn't help but glance at Fang Hong.
It was clear from the way they interacted that Cao Chenghui was the senior, and Fang Hong was the younger of the two. Normally, it would be the opposite, with the older person toasting the younger. However, in this case, it was the older Cao Chenghui who was humbly toasting the younger Fang Hong. Despite the age difference, Fang Hong didn't take advantage of the situation but instead maintained an easygoing, natural demeanor.
In Fang Hong's past life, he had been to countless events where people toasted him, but very few made him feel respect and humility. This moment was different.
Cao Chenghui didn't mind. As long as the boss was taking him along for profitable ventures, he was more than happy to show respect. After all, the boss's position in the financial world was far above his own, and that was simply a matter of fact.
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At around 13:00 in the afternoon, after the market reopened, the two returned to the Internet cafe.
For half an hour, Fang Hong didn't make a single move.
Cao Chenghui remained patient. He knew that as long as Fang Hong decided to act, everything would follow smoothly.
Around 13:38, Fang Hong finally made his move. As the stock for Shanggong Shengbei (600843) started to show increasing volume, Fang Hong quickly bought the full position. The price was down 2.72%, and he scooped up 3,000 shares at this low point.
Meanwhile, Cao Chenghui also followed suit, purchasing 32,000 shares for around 160,000 yuan.
With a big boss controlling the market, there was no hesitation. Even with stocks that were considered risky, they were willing to take the plunge if Fang Hong was involved.
"Unbelievable, brother, this is spot on!" Cao Chenghui exclaimed as he saw the stock starting to rise just minutes after he bought in.
In less than three minutes, the stock's price began to climb, moving from a 2.76% drop to a 2% increase. Then, it briefly pulled back but didn't turn negative. The stock quickly resumed its upward momentum, surging higher with both volume and price increasing in tandem.
By around 13:50, Shanggong Shengbei hit the daily limit, reaching 5.65 yuan per share.
Though the stock price dipped briefly afterward, it remained at the daily limit when the market closed.
By the close of trading, the Shanghai stock index had dropped 2.65% to 2705.86 points, falling nearly 4.5% during the day.
Looking at his account, Cao Chenghui was ecstatic. His position was up nearly 20% in one day. This was the first time he had encountered such a massive gain, especially given the volatility in the market today. He had bought in during the low, rode the fluctuations, and then cashed in when the stock hit its limit.
As for Fang Hong, his moves were as precise as ever, leaving everyone in awe. The big brother's legs, it seemed, weren't as thick as usual—but his accuracy and foresight were unmatched.
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End of Chapter 7
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