Reborn with Consumption System-Chapter 669 - 288: Your Father-in-Law Is Really a Savage..._3
"I didn't do anything."
Han Lie looked down at the document, nonchalantly whitewashing himselfโ ๐๐๐๐๐๐ฎ๐ซ๐๐ธ๐ซ๐ฎ๐ต.๐ฌ๐ค๐ข
"Didn't the Magic Capital Reinsurance Company take on two big projects? So, many people from securities firms, trust companies, and banks started asking President Qiu for information, hoping to get a piece of the action.
During casual chats, everyone would naturally ask if there were any other projects worth pursuing, right?
President Qiu, always eager to play the mentor, shared a few real estate companies that showed interest. Then, he casually mocked Gao Diaomao for having nothing yet wanting to strike it rich, advising everyone to be selective and avoid pitfalls...
As a result, it quickly spread as a joke.
Sigh, that Old Qiu... he's so damn unscrupulous!"
"PFFT!"
Liu Minghao, who was drinking water, couldn't hold it in and sprayed it everywhere.
I don't know if Old Qiu is unscrupulous or not, but he's certainly unlucky, Liu Minghao mused. Out of so many people in their circle, why did Han Lie have to pick him? He's really taking the fall, and it's a big one!
Liu Minghao, feeling sorry for Old Qiu, couldn't possibly imagine at that moment that the heavy blame he himself would soon have to shoulder was far greater than President Qiu's...
Ahem, among friends, let's dispense with the pretenses.
What's "taking the fall," you ask?
It simply means everyone plays their designated role!
They chatted until almost 1:00 PM, after which Liu Minghao left with new instructions to get back to work.
Han Lie continued to watch the market.
In the afternoon, the index continued its leisurely decline. Around 2:00 PM, it touched 1,984.82 points, then rallied slightly amid fluctuations, finally closing as a bearish candlestick with a small lower shadow.
Regarding individual stocks, small and mid-cap stocks saw their losses widen further. It wasn't as dramatic as a thousand stocks hitting their daily limit down, but 85% of the stocks in the market closed in the red.
Many stock investors were frightened by the decline, but Han Lie wasn't.
He spent the entire afternoon frantically scooping up shares.
One thing is certainโany large capital that acquires shares at these levels won't easily relinquish them.
And smart retail investors also began to enter the market, buying up large-cap blue-chip stocks.
Shares acquired at these price levels would settle, being held for a considerable time. This would lead to fewer floating shares in circulation, making further price drops more difficult, until the stock prices eventually moved out of the current range.
By the end of the day, Jiao Fangyan had established an initial position worth approximately 150 million. The market capitalization of the initial four target stocks was too small, simply insufficient for the scale of her intended purchases. Therefore, she expanded her targets to include another four stocks that were performing strongly.
The thematic investments included intelligent devices, new energy (Tesla-concept), and the Beijing-Tianjin-Hebei Free Trade Zone, among others.
Furthermore, due to the overall market's underlying weakness, the initial phase of building positions certainly wouldn't exhaust the total capital of over 500 million. Consequently, Jiao Fangyan also set her sights on a few newly listed stocks.
These included first-round new listings like Jinlun, Dengyun, and Zhongxin.
Before the implementation of the registration-based IPO system, buying new stocks was actually a fairly stable way to make money.
This profitability didn't stem from technical certainty, but rather from certainty in access channels.
For example, due to their typically low valuations, new stocks are highly sought after upon listing, often hitting consecutive daily upper limits right from the market openโwhat's known as "straight-line limit-ups." Everyone else can only attempt to buy in at these limit-up prices.
At this point, retail investors using public channels find it nearly impossible to get their orders filled.
Wealthy investors, or "big dogs," however, use VIP channels or even dedicated lines. Based on the "price-time priority" principleโwhere orders at the same price are filled based on time of submissionโeveryone submits buy orders at the limit-up price. But if a big dog's order is even 0.001 seconds faster than everyone else's, their order naturally gets placed first in the queue.
If someone decides to take profits and sells at the limit-up price, the big dog's order is the first to be executed.
Only after all of their queued orders are filled does it become the turn of subsequent buyers.
Retail investors in later years would painstakingly calculate the timing for placing overnight orders, but it would be completely futile; they could never compete with professional institutions that spent hundreds of thousands annually on dedicated, independent trading units.
Han Lie's current company wasn't using an independent trading unit either; instead, they were using CITIC Securities' top-tier access channel.
When I set up the private equity fund later, Han Lie thought, I'll definitely need to acquire independent trading units. Those things connect directly to the stock exchanges, providing an exclusive trading seat for both the Shenzhen and Shanghai markets. They're essential for snatching up stocks at their daily upper or lower limits, and even for subsequent quantitative trading. For now, though... I'll just make do. It's not a major issue.
After the stock market closed, Han Lie held a brief meeting with Jiao Fangyan.
"There's only one main strategy for tomorrow: chase the rally.
With eight stocks, it's impossible for every single one to surge dramatically; it will depend on the market sentiment at the time.
If a particular theme shows signs of taking off, sweep in with large orders and join the crowd to push it to the daily limit. That'll be fine.
If it remains lukewarm, then continue to accumulate shares with small orders at low prices."
After all, in my memory, Han Lie mused, the themes I've chosen all have the potential to explode; the only difference is whether it happens sooner or later. I'll just act on whichever one ignites first. There's no need to strive for some perfect rhythm, like selling one stock at its absolute peak and buying the next at its absolute bottom. That's impossible.
With 100,000 in capital, one can easily double their money in ten trading days. But with 1 billion in capital, earning 20% in ten trading days would be an outstanding achievement. Even with my future memories and Level 4 peak stock trading skills, trying to maximize profits to the absolute limit is a rather amateurish idea. The stock market has never been a place for desperate gambles. If you want to go all out, go bet on the World Cup. The foremost priority in trading is risk control. It's like playing professional poker: a single buy-in should never exceed one-twentieth of your disposable cash assets. This is capital management, the most crucial part of risk control, and it precedes all technical skills.
Even as a player with foreknowledge of future events, Han Lie still wouldn't take risks that were unbearable or unnecessary.
My biggest impulse was merely to ask Old Gao for twofold leverage, expanding the total capital to 1.6 billion, that's all. Hmm, I probably won't even need it for now; there's another major market crash coming in March...
So, regardless of how many people thought Han Lie was walking a tightrope, forcefully balancing resources and Strength that weren't his own, Han Lie himself was always very clear: The risk is always within a controllable range. Even if all the ABS projects were to fail, would it really harm me personally? The foundation of my private equity fund is solid. Panzi, Xiaodou, Old Zhang, Liu Minghao, and Huang Xing from Jin Hangโtheir personal fortunes are constantly growing. Magic Capital will inevitably be mine to conquer.
Instead of worrying about all that, I should be more concerned about how I'm going to make it back on my feet after the Bai sisters' invitation today. Bai Yuqiu is sharpening her knives, and Bai Yushuang has already recovered from her initial 'Debuff'... What damn male pride?! How on earth am I supposed to uphold it...
