Growth-type Super Rich

Chapter 210: The Show Begins


The stock market opens at nine thirty.

Hongye Building Materials, just like the previous few days, continued to rise. In less than half an hour, it directly hit the 10% price ceiling, making numerous investors in front of their computers show genuine smiles of relief.

Every time before the market opens, almost all investors holding Hongye Building Materials tighten their nerves, afraid that the current prosperity is just a bubble that will burst back to reality.

Beyond the investors.

Hongye Building Materials is also continuously monitoring the stock market trends.

A trader from Hongye Building Materials looked at a sharply ascending red line, turned around, and smiled at the various directors of Hongye Building Materials behind him: "Chairman Zhu, the market situation is excellent. Because our company has released a high-quality financial report, shareholders are very confident in our company's stock, and several more price ceilings are expected."

Upon hearing the trader's words, Zhu Hongye didn't seem particularly excited but rather furrowed his brows.

With many years of business experience, he knew that the most critical blow often comes at the peak. Now, the retail investors have even more confidence in Hongye Building Materials than we shareholders do, which in itself is not a good sign.

Things have started to slowly move in an uncontrollable direction, but at this point, it's clearly too late to stop things. A few days ago, the board of directors decided to release the financial report in advance, and now there's no turning back. At this point, Zhu Hongye can only hope the market leans in his favor. Once a problem arises, the entire Hongye Building Materials will present a cascading collapse, impossible to contain.

"Chairman Zhu, if you ask me, we could repay the 1 billion short-term loan from Construction Bank early. Given the current market situation, even if someone were maliciously manipulating the market, it would be difficult to affect us. Those retail investors who have entered are our strongest backing. I don't believe anyone can put out tens of billions to challenge the whole market!

If we were to truly offend such a person, the company couldn't have possibly developed smoothly until now. I suspect it's just financial companies wanting to profit from the market, and they've chosen our quality stock."

A director from Hongye Building Materials, smiling as he watched the stock market dynamics, spoke to Zhu Hongye.

This director was clearly overwhelmed by the stock market boom. In just over a week, the value of his shares has doubled, making him completely abandon any sense of crisis.

Zhu Hongye glanced at the director indifferently, didn't answer him, but said to the trader: "Keep a close watch on the market, contact me immediately if there is any fluctuation!"

"Understood!"

After speaking, Zhu Hongye walked out of the trading room, leaving a few directors looking at each other.

"Old He, do you think Old Zhu is too tense? 10 billion short-term loans, with interest alone over a million a day, just leaving the money there is wasting it!"

"Enough, just hold your tongue a bit, Old Zhu's son is sitting in jail now, he has to manage family matters while worrying about the company, he's quite busy.

Besides, Old Zhu is taking precautions. If the stock market crashes, even thousands of millions can't save us. If the stock market can really stabilize, why should we care about this little interest with the profits we make?"

"That's true."

"But it's indeed bad luck for Old Zhu's son, of all people, he had to mess with Gu Bai. Not mentioning the scale of Black Swan Group, which is several times larger, even the title of youth leader alone can make ordinary people shy away, and I've heard recently that Leader Wang personally backs Black Swan Group, and the outstanding companies of Shanghai have already been internally chosen by Black Swan Group."

"Who could disagree? Old Zhu is quite a character in Shanghai, and now he can't even see his own son. The authorities don't seem to be showing any leniency this time."

..........

As the directors of Hongye Building Materials were gossiping behind the scenes, Gu Bai, who was also closely monitoring the stock market, squinted his eyes. Looking at the sharply elongated red line on the computer screen, he said to Gu Xin and Gu Si sitting opposite him: "This is the time, sell off one-third and test the waters!"

Following Gu Bai's instructions, Gu Xin and Gu Si simultaneously dialed numbers and issued Gu Bai's orders on a secretly developed communication software.

"Start the operation, sell off 2.5 million lots of Hongye Building Materials stocks within two hours!"

Hongye Building Materials currently has a total market capitalization of 13 billion, with a total stock of 5.2 billion shares, priced at 2.5 yuan per share.

The market circulation is 1.56 billion shares, which is 30%.

During this period, Gu Bai decisively bought up stocks without any limit, acquiring 800 million shares, meaning half of Hongye Building Materials' circulating shares are in Gu Bai's hands. Saying it's testing the waters, 2.5 billion stocks entering the market will certainly cause significant turmoil.

Once the order was issued, a large number of selling orders flooded into the circulation market.

The initially small selling orders didn't attract market attention. Just upon posting, they were quickly gobbled up, but as more and more selling orders appeared, the retail investors couldn't consume such a large volume of selling orders in a short time. The continuously rising stock price was suddenly pulled down by three points.

Many timid retail investors saw this situation and quickly posted selling orders. It's the first significant decline that Hongye Building Materials' stock price experienced after a week of increases.

"What's going on? Someone is dumping stocks?"

"I just entered the market today, I can't even sell off now! Don't mess with me, I hesitated for a long time before deciding to enter the market."

"Don't get excited, it's clearly a normal adjustment. This situation has occurred in the past few days. Stay calm and watch the development, I've heavily invested in 20 thousand lots and haven't panicked, why are you panicking?"

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