Chapter 40 The Fortieth Day of Not Running Away The fortieth day of not running away...

Chapter 40 The Fortieth Day of Not Running Away The fortieth day of not running away...

In the afternoon, when everyone returned to the Shanghai Stock Exchange, the atmosphere was still very good.

Eight stocks soared, and everyone's faces beamed with joy.

"It's gone up another 10 yuan!" someone exclaimed excitedly.

After a moment's thought, Zhao Dan slapped her thigh in frustration, filled with regret.

It had already risen to 550 this morning, and now it's risen to 560.

If I had bought some earlier, I would have made a lot of money by now.

Finally, the fat man couldn't hold back any longer and asked Wen Chan, "Sister-in-law, I brought ten thousand yuan with me. Can I buy it now?"

Wen Chan glanced at the stock price, narrowed her eyes, and said, "It's not time to buy."

The fat man asked, "When can we buy it?"

Wen Chan said, "Let's wait until it falls down before we talk about it."

An old man next to them was displeased when he heard this. He glared at Wen Chan, and if it weren't for the fact that there were many people on Wen Chan's side, he probably would have cursed.

Even so, the old man's gaze was still unfriendly.

Lin Mo looked fierce and menacing, clenching his fist at the old man, making a cracking sound.

The old man rolled his eyes sheepishly and walked away, his bravado masking his inner weakness.

"Uncle Zheng, you don't look too well?" Yang Baiwan had some acquaintance with Uncle Zheng. He was looking at the stock price when he noticed Uncle Zheng coming over and asked.

Uncle Zheng waved his hand, "Don't mention it. I just had some bad luck. The stock market is doing so well today, and someone actually said that stock prices are going to fall."

"How could the stock market fall? That was reported on the news yesterday, and so many people came to the Shanghai Stock Exchange today. How could it fall?"

"Exactly, judging by this momentum, the bull market has only just begun."

Everyone looked smug and full of confidence.

Yang Baiwan frowned and pulled Uncle Zheng aside to ask who had said that.

Uncle Zheng pointed in the direction where Wen Chan and the others were.

On the other side, Wen Chan's eyes were fixed on the stock price on the computer screen.

"It's falling! It's falling!"

Suddenly someone shouted, "Someone has sold 200 units of vacuum gas!"

This news came out.

Almost everyone rushed to the computer screen instantly.

All the red vests were surrounded by people.

200 strands of vacuum gas were sold for 540.

This price is 20 different from the previous one.

Zhao Dan was stunned, and the reactions of the others were probably no better than hers.

"It only dropped by 20, what's the big deal?"

A look of surprise flashed across Uncle Zheng's face, but he quickly regained his composure and said...

"It's fallen again!"

"Another hundred shares were sold, and this time the price dropped by 10 yuan."

Yang Baiwan paused for a moment, looked around, and searched for the person he was looking for.

He saw several well-dressed men standing next to a man in a red vest. The men were all around middle age, wearing custom-made suits, leather shoes, and cigarettes.

Those men were all familiar faces.

Anyone who trades stocks in Shanghai knows these people.

Someone immediately stepped forward and questioned, "Mr. Zhao, why have you suddenly started selling shares of Electrovacuum?"

"Yes, it's not appropriate to lower the price and sell it at a lower price."

The crowd was filled with doubt and panic.

The boss, Mr. Zhao, was clearly the leader of that group of big shots. He smiled amiably and said, "Gentlemen, you're joking. Do we care about who buys and sells stocks? Vacuum Electric stock is currently at a high price. With the New Year approaching, shouldn't we liquidate some stocks to make ends meet?"

“That’s right. We lost a lot of money before. If we don’t make some money back now, the kids and the elderly in our family won’t have any new clothes to wear for the New Year this year,” said Mr. Fu, a man in a white suit, standing next to him.

While they were talking, they continued to sell nearly 700 shares.

In less than half an hour, the stock price of Vacuum Electronics Co., Ltd. fell back to 490.

This price is even lower than yesterday's closing price.

Inside the Shanghai Stock Exchange, almost everyone realized what was happening.

Some people rushed to urge the red-vested volunteers to sell their shares, fearing that the previous drop in Electric Vacuum from 800 to over 300 would happen again. Others were certain that the stock would rebound soon, believing that Electric Vacuum was very strong and that the stock price was not yet at its peak.

Even the most confident person can feel uneasy and discouraged when they see one person after another continuously selling off their shares.

Zhao Dan and her group were completely dumbfounded by the various aspects of life unfolding inside the Shanghai Stock Exchange.

The fat man, in particular, broke out in a cold sweat and secretly felt relieved.

It was fortunate that Wen Chan stopped him from trading stocks earlier, otherwise more than a thousand of the ten thousand yuan he had would have evaporated by now.

Zhao Dan held Wen Chan's hand, "Sister, what...what happened?"

"Why don't we sell them too?"

An old man passing by said, "Sell it while you can, it's good to have the money in hand!"

Wen Chan then smiled.

After the old man left, she said to Zhao Dan and the fat man, "Didn't you want to buy it? Now is the time to buy it."

"ah?"

Zhao Dan and the fat man were both stunned.

The fat man said, "Sister-in-law, you must be joking with me."

Wen Chan smiled slightly, “There’s a saying in stock trading: buy when nobody cares and sell when everyone’s talking about it. [1] When others are panic selling, that’s the best time to enter the market.”

"But now it has fallen again, down to 460."

The fat man pointed at the screen, his lips trembling as he spoke.

Wen Chan said, "If you trust me, put one-fifth of your funds into this investment. Fatty, you put out two thousand. Sister Zhao, you decide how much to put in."

Zhao Dan hesitated.

To be honest, it's hard to understand Zhao Dan's feelings at this moment unless you're involved.

While everyone else was panicking and rushing to exit the market, Wen Chan asked her to put money in to buy more shares.

Buying when stock prices are rising is the normal psychological state for most people, but buying when prices are falling is a real test of human nature.

"I'll buy it for 100,000!" Zhao Dan said through gritted teeth.

Zhao Dan bought more than 200 shares, and the fat man bought five or six shares.

These two buy transactions appeared simultaneously on all the computer screens of the Shanghai Stock Exchange.

Boss Zhao and Boss Fu exchanged a glance.

Boss Fu whispered, "What do we do? Who bought this?"

Mr. Zhao said, "Don't panic, it's not a big deal. Even if someone buys it, it's only two or three hundred shares."

He turned around and pointed at the crowd in the Shanghai Stock Exchange with his short, stubby fingers, each one looking as panicked as a defeated dog: "Look, even more people are selling off. Let's sell a little more."

Throughout the entire afternoon, until the market closed, everyone looked rather grim.

By the close of trading, the price had managed to hold above 450.

The stock price wasn't low, but everyone felt as if they had encountered the end of the world.

Jiang Zihan saw Jiang Changwen and his daughter walk out of the Shanghai Stock Exchange with pale faces.

Jiang Simin also saw Jiang Zihan and the others. Her expression was complicated, as if she had given up in despair, or as if she was gloating.

"So, how much did you lose after the stock price dropped all afternoon?" Jiang Simin's words were as harsh as ever.

Looking at Wen Chan, Jiang Changwen felt a little comforted.

Wen Chan said indifferently, "What does this have to do with you?"

"Hey, you're still not grateful? Looks like you've lost a lot of money." Jiang Simin said, "My dad is much smarter than you. We sold half of our shares when the price first started to fall."

"Sold?" Wen Chan looked at them with a strange expression. She gave them a thumbs up. "Very good, especially clever. Keep it up."

After saying that, she left with her people.

Jiang Simin was stunned. She frowned. Jiang Simin wasn't really brainless; she could easily hear the sarcasm in Wen Chan's tone.

She said to her father, "Can an electric vacuum really rise?"

Zhao Dan thought so too, and when she got back, she couldn't wait to ask Wen Chan, "Xiao Wen, will the electric vacuum level rise again tomorrow?"

Wen Chan took the water glass from Jiang Zihan, took a sip, and said succinctly, "No."

"Huh? You mean it will continue to fall?!" the fat man exclaimed in surprise.

Wen Chan asked, "Did you notice those people in suits at the Shanghai Stock Exchange today who looked very impressive?"

The fat man and Zhao Dan both nodded in agreement.

Zhao Dan said, "How could we not see them? They were all carrying mobile phones, and when they came out, I even saw that they got into a BMW."

"I reckon those people are the ones who orchestrated the crash that caused the price of Electric Vacuum to plummet," Wen Chan said.

The fat man exclaimed in disbelief, scratching his head: "What are they after? If they sell like this, they'll lose all their money!"

"Losing money?" Wen Chan laughed. "How do you know they'll lose money?"

“Then they’ve lost a lot of money,” the fat man said, his eyes darting around. “If they had just left the stock as it was, it would definitely have gone up even more.”

“This is too slow,” Wen Chan said directly. “These people are making less money now so they can make big money faster. Don’t be fooled by their current low prices for vacuum tubes; it’s all to drive down the price of vacuum tubes.”

"What did they do after smashing it down? Do they have a grudge against Vacuum Electric?" Zhao Dan couldn't understand.

Wen Chan said, "If the price drops, they can buy up Electrovacuum's shares at a low price, then drive the price up. They can then decide how much Electrovacuum sells for. The money they make is nothing compared to the small amount they're losing now."

Wen Chan's few casual words left Zhao Dan, Fatty, and the others stunned.

Zhao Dan reacted quickly, "So, if we hold onto these stocks, we can make even more money in the future."

Wen Chan said, "That's right. If we let the price of vacuum gas rise slowly on its own, it can only rise to 600 at most. But if they manipulate the market, the price could reach 2,500 per share."

"2,500 per share?" Zhao Dan didn't dare to think about it. She did a quick calculation in her mind: if it really reached 2,500 per share, wouldn't she be able to earn five or six hundred thousand yuan from the stocks she held?

"Let's keep watching tomorrow. It'll probably keep falling. If you have any money on hand, keep adding to your positions," Wen Chan said.

She had seen the stock issuance of Vacuum Electric, and only a small portion was currently circulating in the market; the majority was probably still held by many institutional investors and retail investors.

This is also why Wen Chan believes that the price of vacuum tubes has not yet reached its peak.

The Shanghai Stock Exchange has only been officially open for a few days, and right now it's just a small-scale operation.

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Author's Note: [1] This is from Reminiscences of a Stock Operator