Chapter 37 - Rapid Expansion Income
Fang Hong's strategy was becoming increasingly clear. On one hand, he was playing the stock market, leveraging his investments to build up initial capital. On the other hand, he was waiting for Xu Jingren and the others to release their microblog content. However, that would not happen until October at the earliest.
There was no rush for further development at this moment. The reputation points that had been accumulated weren't enough to exchange for "research and development" cards, which would enhance their R&D capabilities. Still, launching a product in less than two months already demonstrated their strength and efficiency. Even large internet companies might not be able to achieve such quick results, especially since Xu Jingren and his team still had to balance their studies.
At the same time, Cao Chenghui's post on the Tianya Forum under the ID "Weathering Salted Fish" had gone viral once again. Although he hadn't posted anything that day, the forum's users were still eagerly commenting.
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"Zhongxin Securities is on fire; I bought in at a price of 19.5. Has anyone else bought in?"
"Damn, you're brave. Do you really trust this?"
"Reply: I'm trusting the 'big god.' If it hits 24 yuan, that's over 20% profit."
"You're hoping he'll pick the bottom and then be robbed!"
"Haha, I've invested at the third-floor warehouse. Hope everyone profits."
"I've invested too, but at a lower cost than yours."
"I followed as well!"
"+1!"
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On Tuesday, September 22nd, after two consecutive days of surging, the market opened with a slight dip, and Zhongxin Securities fell by 2.85%, reaching 19.11 yuan, almost matching the lowest price of the day before.
However, some of the followers of Cao Chenghui's post panicked and sold off their shares when the price dropped. As a result, they gave up some of the profits they'd made from the prior day. This was because the trial market had weakened.
But once the market opened at 9:30 AM, a few impatient investors cut their losses and ran, only to see the price bounce back quickly, soaring. Zhongxin Securities rose significantly in the afternoon, gaining more than 5%.
Those who sold too early were now infuriated. Despite the obvious profit opportunity, their premature actions had led to losses.
Some latecomers, seeing the stock price increase by 5%, jumped back in. However, the price soon retreated and closed up just 2.38%. The new investors who had re-entered were left frustrated as their losses grew.
In contrast, Fang Hong executed a "T" strategy on Zhongxin Securities in the afternoon. At 20.72 yuan, he sold off 108 million worth of shares, making a profit of +5.34%. Later, during late trading, he bought back at 20.03 yuan, earning 417,000 yuan in total for the day, representing a 6% gain. His account now held 7,141,700 yuan in total.
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The following day, Wednesday, September 24th, Zhongxin Securities opened lower once again but began to fluctuate upward. Near the end of the day, the stock price surged without dipping, and it closed up by 4.12%, forming a strong upward trend.
Fang Hong once again used the "T" operation and earned a 7.22% return, making a profit of 515,600 yuan. His account funds grew to 7.6573 million yuan, bringing him closer to his goal of reaching tens of millions.
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On Thursday, September 25th, Zhongxin Securities opened higher and moved even higher throughout the day, peaking at 10:11 AM before experiencing explosive growth in the afternoon, though the daily limit was sealed by the close of trading.
Fang Hong, however, refrained from trading that day. While Zhongxin Securities saw significant movement, he didn't feel it was worth the effort to execute another "T" operation for a marginal gain. With such a large amount of capital now, Fang Hong chose comfort over additional efforts. He was content making solid returns on his larger trades, without the hassle of constantly chasing after smaller profits.
As a result, his account balance increased to 8.423 million yuan with the daily limit on Zhongxin Securities.
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Friday, September 26th, the final trading day of the week, arrived with Zhongxin Securities opening higher. The stock surged further, with Cao Chenghui closely monitoring the price, as the target price he was watching seemed within reach.
Despite this, Fang Hong didn't watch the market in the morning and attended class. It wasn't until the afternoon, when he returned home, that he logged into his securities account. By then, Zhongxin Securities had risen rapidly, gaining 5%, and reached 24.25 yuan.
Fang Hong did not take any action, but Cao Chenghui, who lived in the neighboring building, decided to sell after the price surged.
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"The boss is really a god-like figure. He actually managed to bring it to around 24 yuan in such a short time," Cao Chenghui remarked, observing the price movement.
Cao Chenghui's wife, watching alongside him, commented, "Your boss... the stock market is his ATM."
"That's right," Cao Chenghui said with a smile. "But you know what? I made 1.14 million yuan this time. Tomorrow, I'll transfer it to the bank. You can settle the loan, dear."
"Okay, I'll handle it. It's unbelievable that we made over a million in just a few days. We've earned the money for a house in a good location in Xincheng District. It feels like a dream."
By the time the market closed for the week, Zhongxin Securities had continued its rise, reaching 24.92 yuan, up by more than 8%. Cao Chenghui couldn't help but regret not holding out a little longer, as he could have earned tens of thousands more.
Nonetheless, he was still satisfied with his profits, knowing that with just a few words from his boss, he had made over a million yuan. He could only imagine how much more he could earn by continuing to follow his boss's guidance.
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