Chapter 38 - Hui, Pretend to Fly
At the end of trading, Fang Hong closed his position in Zhongxin Securities, and the funds in his account reached 9,096,700 yuan. The stock had experienced a rebound, bringing his cumulative gains to 61%.
In the past few days, Fang Hong had been holding a full position in Zhongxin Securities but had made several intraday trades, achieving a 77% return, which far outperformed the stock's rise itself, not to mention beating the broader market during the same period.
After the market closed, Fang Hong decided not to intervene in new stocks. The main reason was the lack of time, and there were no buying opportunities in the stocks that had potential for today. He decided to rest and regroup for next week, as the A-share market would still be open.
Regarding Zhongxin Securities, Fang Hong didn't plan to pay much attention to it after selling. He expected the stock to open sharply lower next Monday, hitting the lower limit, and continue to decline over the following days. However, he didn't remove it from his watchlist, as he might consider buying back once the price dropped.
For Zhongxin Securities, Fang Hong planned to engage in long-term arbitrage with the stock. Its daily trading volume was enormous, and its price fluctuated greatly. On many days, the stock could see a turnover of up to 6.7 billion yuan. In comparison, even high-profile stocks like Mao Tiao usually had a turnover of just 100 million yuan a day, and in many cases, even less.
Currently, there were fewer than 10 stocks on the A-share market with a daily trading volume over 2 billion yuan, with Zhongxin Securities being the only one regularly trading over 5 billion. Its trading activity was unmatched, making it a popular stock among many investors, especially during the previous bull market. However, the recent plunge had led to significant losses for many investors.
After the market closed, Fang Hong checked his reputation system and found his cumulative reputation had surged to 158,700, and his achievement points had exceeded 13,900.
His fame points and achievement points had skyrocketed like a volatile stock.
Fang Hong didn't waste time pondering. Instead, he quickly logged into Tianya Forum and searched for the ID "air-dried salted fish," quickly finding the post with the latest update.
"It's exactly as I expected…" Fang Hong laughed to himself as he read the latest update posted by the user. The new post said:
"The target price has been reached, around 24.25 yuan. It's surprising to see it rise in late trading, but it will be enough to realize the expected profit. If it continues to rise, it's beyond my expectations. I haven't found a good stock lately, so I'll take a short break for now."
Upon reading this, Fang Hong smiled, thinking, This kid has potential. He's playing the part of a master quite well.
Fang Hong had been following "weathered salted fish" and noticed that his reputation had been steadily increasing. It turned out that Cao Chenghui had gained popularity after predicting the stock's price movements accurately.
The post about taking a break was clearly because the "boss" did not provide a new "wealth code." Fang Hong realized that his own reputation had grown due to Cao Chenghui's rising fame.
Fang Hong estimated that around 70,000 to 80,000 people were now aware of Cao Chenghui's ID and viewed him as a seasoned stock speculator.
The surge in Cao Chenghui's fame came after his analysis of Zhongxin Securities. His accurate prediction that the stock would reach 24 yuan helped elevate his status in the community. While he didn't share the specifics of his purchase, the timing and target price aligned with the stock's movement, which made it seem like he had insider knowledge.
Fang Hong quickly navigated to other stock forums and saw how people were discussing "weathered salted fish."
Post responses:
"Great bull call!"
"I followed the master's advice and earned over 20%—I should've gone full position!"
"Sold at the end of today's trading. Thank you, God!"
"Can the Great God share any similar stocks?"
"The Great God has already said there's nothing good recently, so take a break!"
"Following the post!"
"The Big Master made over 50% with this full-position move."
"I'm envious~~~~"
Fang Hong laughed as he read the posts. With all the admiration flowing toward Cao Chenghui and his reputation skyrocketing, Fang Hong decided to continue fueling the fire. This would allow his reputation and achievement points to continue growing.
Thus, Fang Hong called Cao Chenghui, and after a brief exchange, Fang Hong told him, "Chenghui, have you sold Zhongxin Securities today? If you haven't, there's a high probability it'll hit the limit down tomorrow."
On the other end, Cao Chenghui was touched by Fang Hong's care. He thought, So the boss is looking out for me!
After a short moment, Cao Chenghui replied with a smile, "I sold it. I followed the boss's instructions and made over a million yuan this time. Thank you, boss!"
Cao Chenghui didn't hesitate to share how much he had made. He understood that Fang Hong, especially after being addressed as "Chenghui," was showing care and respect, which made him feel more connected to the boss.
Fang Hong nodded and replied, "Good. You did well by selling. The stock may drop sharply tomorrow, and if you hadn't sold, you would've lost your gains."
Cao Chenghui quickly responded, "Thank you, boss, for your concern!"
Fang Hong then said, "Alright, take care." And with that, he ended the call.
After the brief conversation, Fang Hong had successfully planted the seed of doubt about Zhongxin Securities' future, all while showing care and concern for Cao Chenghui. This indirect hint would lead Cao Chenghui to make further "pretend" moves, which would only add to his rising fame.
Less than 20 minutes later, Fang Hong logged back into Tianya Forum to check Cao Chenghui's post.
As expected, Cao Chenghui had posted again:
"I'm not optimistic about this stock anymore. I sold it today. I think it'll hit the limit down tomorrow. The market outlook isn't great. Whatever goes up will probably come down."
Fang Hong smiled and thought, Nice job, very good. This kid is excellent at playing the part. Every detail is perfect.
The comments continued to pour in:
"What? Will it drop tomorrow?"
"No way, I entered during the late trading!"
"Great God, don't scare me, I'm in too!"
"It can't be the limit down, maybe just open lower and continue rising. The trend is up!"
"We'll know when the market opens Monday."
"Tomorrow's Saturday, we have a holiday, so we'll be waiting nine days for the market to open again!"
"The Great God's advice makes it hard to resist, but I'll wait."
Fang Hong chuckled as he read the comments. It seemed that his strategy was working perfectly.
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