Chapter 32: Boss' Wealth Code Reward
Wednesday, September 17, Afternoon
In the Binhu District, Fang Hong was sitting on the sofa in the living room, his laptop on the tea table in front of him. He had just finished today's operations, so he wasn't focused on the market trends for the moment.
Taking a quick glance at his securities account, Fang Hong was surprised by the profitability. His account balance had skyrocketed to 4.8516 million yuan, and it was only a matter of time before it reached the 5 million mark. The cumulative return stood at +8365.55%, which meant an increase of over 83 times. When comparing the yield curve of his account with the market trends in a statistical chart, it was clear that while the market's curve appeared flat at the bottom, his account's curve had soared dramatically.
Fang Hong observed the yield curve calmly. If it weren't for the current liquidity, price limit, and principal restrictions, it would have been easy to increase his current earnings tenfold within the past two months.
Nevertheless, having achieved a return of more than 83 times in just over two months, Fang Hong knew that if his return curve was shared on the internet, it would surely shock the entire stock market, possibly even making headlines.
As he pondered this, the doorbell rang.
Fang Hong knew right away that it was Cao Chenghui, who had just returned from his business trip to Hong Kong. He had called earlier to let Fang Hong know that he was on his way, and it had been nearly half a month since they last met.
When Fang Hong opened the door, it was indeed Cao Chenghui standing there. Without delay, Cao Chenghui handed him a briefcase and said, "Boss, all the errands you asked for have been completed. Here are the documents. Please check them to see if there's any issue."
Fang Hong took the briefcase, went back to the sofa, and sat down. He opened the case and began reviewing the materials. Cao Chenghui followed and sat on the nearby sofa. Fang Hong glanced at him and then spoke, "Help yourself to some water."
"Ah, of course," Cao Chenghui replied with a nod. He got up and went to the water dispenser, drinking three cups in quick succession. He then returned to his seat and resumed looking at the documents.
Fang Hong continued scanning the materials without speaking, while Cao Chenghui waited silently. His gaze, however, was drawn to the laptop on the tea table. The market software interface displayed on the screen caught his attention. He stared at it, astonished.
The software was showing Fang Hong's account, and the numbers were mind-blowing. Cao Chenghui's eyes widened as he exclaimed, "My God, Boss, you're nearly at 50 million yuan in less than half a month? Over 83 times returns?"
Cao Chenghui was shocked. He had known that Fang Hong started with around 1 million yuan. This meant that, in just a short time, Fang Hong's capital had nearly tripled. The yield curve and the amount on the screen only reinforced this unbelievable growth. At that moment, Cao Chenghui reaffirmed his belief that he would follow Fang Hong for the rest of his life.
After a long while, Fang Hong finished reviewing all the materials and put them aside. He looked over at Cao Chenghui, who was still staring at the screen in disbelief. Fang Hong smiled and broke the silence. "Good work. Thank you for handling everything while you were away."
Cao Chenghui snapped out of his trance and quickly turned toward Fang Hong, a smile forming on his face. "It's nothing, Boss. I treated this as a business trip to Hong Kong."
Fang Hong glanced at the market software interface again, noting the trends on the screen. He spoke calmly, "Tomorrow, if Zhongxin Securities hits the limit in the intraday session, you can buy in with a full position. Set a limit price at the market's opening. After the big A index broke the 2000-point mark yesterday, I'm confident the management will take action. There will be significant news, possibly tomorrow or even over the weekend. Guo Jia's team will also likely make moves soon."
Cao Chenghui perked up immediately. Was this a tip from the Boss?
Fang Hong didn't know what Cao Chenghui was thinking and continued, "If you can raise enough capital tomorrow, even 10 million, you can safely enter. I will also be getting in on this stock. You should aim for a target price of 24 yuan within six or seven trading days."
Fang Hong was clear about the market's direction. He remembered a crucial date: September 19, 2008. It was the second time in history that the entire market index rose by the limit, and Fang Hong expected the same for Zhongxin Securities, which had already experienced explosive trading volumes over the past few days. The daily volume had reached more than 500 million, and sometimes even over 6 billion.
This type of liquidity was ideal for large-cap stocks like Zhongxin Securities. Whether you were investing millions, tens of millions, or even hundreds of millions, it was easy to trade in and out on the same day.
Zhongxin Securities had earned a legendary status among investors, particularly during the 6124 epic bull market the previous year. From a price of 4.17 yuan in 2005 to a historical high of 117.89 yuan in November 2007, the stock had surged 27 times in just under two years. This success had solidified Zhongxin Securities as the go-to stock for many investors.
Cao Chenghui, after hearing Fang Hong's plan, couldn't suppress his excitement. He nodded vigorously, "Understood, Boss! I'll do exactly as you say. I'll raise the funds and get ready for tomorrow. Thank you!"
Fang Hong could see how eager Cao Chenghui was to implement the plan, so he smiled and said, "Go ahead, I'll call you if I need anything."
Without further ado, Cao Chenghui stood up and left the room, heading straight to raise funds and prepare for the investment in Zhongxin Securities, following the Boss's advice.
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