Volume 4: The World of Great Conflict Chapter 0459 Slaughterhouse
When Nan Yi fell asleep, in Xiangkeng, people from HSBC Securities Department and people from Changsheng Fund were competing to buy stocks in the stock market.
With the buying spree of the two major institutions, there are fewer and fewer scattered shares in the market, and there are not many sell orders. Seeing the share price of Kangcheng Yingni rising steadily, other speculators and shareholders also chased the high price, and the share price has risen to 7.8 yuan.
At this time, whether it is a big investor or a retail investor, if they want to trade stocks, they must go through a stock broker. Only stock brokers are qualified to buy and sell stocks, and the number of stock broker licenses is fixed. The reason for this is that the number of seats that can be arranged in the trading hall is limited.
In order to expand their business, stock brokers introduced a preferential clause: no cash settlement is required for buying and selling stocks, as long as the money is paid within two weeks.
Of course, not just anyone can enjoy this preferential term. Those who can enjoy it must have a certain "credibility", and the amount cannot be too high.
For transactions like Zhao Shixian's involving tens of thousands of shares and hundreds of thousands or even millions of dollars, settlement must be made on the same day or the next day. Of course, the buyer and seller can also negotiate and agree on a settlement time.
The existence of such a preferential clause gives some people the opportunity to make a small investment for a big return, and they can leverage stocks of great value with very little capital.
Having very little does not mean you can start without any capital. You need to get to know a stockbroker who can give you quota. You have to treat him to a meal or go to a nightclub. If you don't get any benefits, why would he take the risk for you?
You have to know that if the stock broker cannot collect the money back for the amount he has loaned out, he will have to bear part of it, if not all of it. It is impossible for him to have no responsibility at all.
If you buy stocks without paying for them, and the price goes up within two weeks, it's fine. You can sell the stocks and not only balance your account but also make a profit. But if the stock goes down, you will have to make up the debt. If the stock becomes worthless, then you can cry.
It is not uncommon for a stock worth several yuan to drop to a penny stock within one day in Xiangkeng.
In the 1970s and 1980s, anyone who could work as a stock broker in Hong Kong basically had connections in both the black and white worlds. If the client didn't pay the money within two weeks, the red paint throwers would definitely come to their door.
The walls outside the house were splashed with red paint, turning it red, and the two big words "Return the Money" were painted on the door with red paint.
This method works fine for most people, but it's hard to say if it will work for someone as tough as you.
Therefore, stock brokers are usually very cautious when granting clients quotas. They usually do not seek out clients from social groups, but only clients who have assets and are not difficult to deal with. As for the assets, they can be dead or alive.
Dead assets are easy to understand. They include properties, jewelry, antiques, and anything that can be easily converted into cash. Live assets include yourself, your wife, your elder sister, and your younger sister who are good-looking.
Organs and blood do not count. Organ transplant surgery is still in the exploratory stage. Without demand, they naturally cannot be sold at a high price. As for blood, how many CCs can you get if you drain it out of your body?
Other securities companies generally grant credit to their clients, but PY Securities is an outlier. Not only does it not entertain ordinary customers, but if you want to become a PY customer, the minimum investment is over one million Hong Kong dollars. Moreover, it generally does not grant credit to its customers.
It is very difficult to obtain credit from PY. Generally speaking, it only grants credit to a few large customers with whom it has cooperated for a long time, and other new small customers generally cannot get it.
But Nan Ruoyin was a surprise. Not only could she get credit at any time, but there was no limit on the minimum investment amount. In fact, she did not deposit a penny in PY Securities.
Changsheng Fund and HSBC don't look favorably upon selling orders of one or two, or four or five lots, but Nan Ruoyin does. No matter how many lots, as long as someone is selling, she will take the goods.
Just like ants moving house, she collected more than 700 hands one after another.
Since the total number of shares of Cannes Yingni is small, the circulating shares are even smaller, so its stock lot size is only 100 shares, unlike HSBC which has 400 shares in one lot and Cheung Kong Holdings which has 1,000 shares.
As soon as the stock market opened today, people from Changsheng Fund and HSBC Securities Department had a fierce clash in front of the blackboard and snatched up the scarce sell orders. After that, there were no sell orders in the stock market, not even small sell orders.
Spontaneous and intentional rumors were flying everywhere. On one side, it was said that Li Tongban was going to acquire Kangcheng Yingni, on another side, it was said that Li Laosi was going to acquire it, and some even said that it was the gambling king who was going to acquire it. All the celebrities in the city who were involved in real estate were mentioned, and none of them were accurate.
But retail investors regard the rumors as golden advice. Those who have stocks hold on to them tightly and no longer sell them. Those who have already sold their stocks feel very regretful and blame themselves for selling too early. So they rush back into the market together with the retail investors who missed out on the chance to sell their stocks.
Life in Xiangkeng is stressful. Under such heavy pressure, people tend to go to two extremes. One is to be extremely stingy and good at saving money, even spending it on their mouths.
One is extreme speculation. When crossing the sea to Macau to gamble, you have to listen to the banker and player. When buying a horse, you have to read the horse racing book and listen to which horse Uncle Da recommends. When buying stocks, you also have to rely on rumors and ask around to see if there is any inside information.
There is actually no need for much technical skills to manipulate the Hong Kong stock market at this time. The return of supply and the creation of rumors are enough to make the Hong Kong stock investors confused.
The positive significance of the stock market has nothing to do with retail investors. Instead, the negative significance is closely related to retail investors. For retail investors, the stock market is actually a slaughterhouse where they can be legally justified, have no place to seek justice, and are wantonly harvested by bankers.
Retail investors often regard themselves as survivors in the "survivor bias theory". Around a "survivor", there will always be a group of instigated "leeks".
My uncle, my cousin, my neighbor, my colleague, people in our village, our community, my poker friends, etc., when the "spreaders" spread gossip, they always make up friends [relatives, neighbors] and say vividly: "He/she/it made so much money from stock speculation, bought a villa, bought a luxury car, goes to nightclubs every day..."
In fact, in any circle related to speculation, such rumors are flying everywhere. There is such a " survivor . Some spread the rumors with a purpose, some just want to brag, or because the drum has been struck and the "flower" has been passed to them, they have to call on newcomers to come in and receive the flowers.
It’s 11:00am, Hong Kong time.
The TVB's "News and Finance" program broadcast a news bulletin, "The newly appointed chairman of Cannes Land, Catherine Bolin, dropped a bombshell: the land in Hung Hom held by Cannes Land was sold to Hung Hom Real Estate Development Company for HK$170 million;
A press conference will be held tomorrow, June 15, at 1:30 p.m. to inform shareholders of Cannes Cement and all citizens of the future development direction of Cannes Cement.
At this point, not many people actually read the news, so the news would not spread very quickly and would take some time to ferment. But strangely, the news quickly spread among stockholders during the lunch break.
The phone calls to stock brokers were almost blown away. Everyone wanted to buy Cannes Yingni. This was major good news. The stock price was bound to soar. Wouldn't it be stupid not to buy at this time?
Kangcheng Yingni only spent tens of thousands of Hong Kong dollars to buy the land in Hung Hom. The profit . In addition, the foreign woman is going to hold a press conference, so there will definitely be big moves. If not now, when will they buy in?
"Have you heard? Kangcheng Yingni has found limestone in Sifang Mountain. The reserves are very rich."
"Your news is outdated . Let me tell you, I heard that Cannes Yingni bought a large limestone mountain in Australia and plans to build a new cement plant there, producing tens of thousands of tons of cement per day..."
Whether it is a tea restaurant, mahjong room, vegetable market, or fruit stall, the disseminators are all busy.
In the afternoon, as soon as the stock market opened, the share price of Kangcheng Yingni started to rise, 8.1, 8.3, 8.9, and soon broke through 9...
