Chapter 126: Battle in the Stock Market
Li Hao of HP Investment Company has always held a grudge against Lin Feng because of his last incident in the gold futures market, so he has always been following the news about Starry Sky Investment Company.
Unexpectedly, Li Hao really saw an opportunity recently.
Although Li Hao was a little concise, he would not be able to get along with the money. So he first carefully studied the company Hudong Heavy Machinery, but no matter how he studied it, he did not find that this company had any value worth investing in. Even if the company has risen a lot this year, the value is still there, it is not worth it.
So Li Hao made a decision in his heart and sniped Lin Feng. This not only makes money, but also takes revenge on Lin Feng. Why not do it?
Li Hao has been in the financial market for so many years and still has some connections. He quickly found several other investment companies in the same industry, and everyone formed a united front and began to attack Starry Sky Investment Company.
They borrowed a large amount of stocks from some major shareholders of Hudong Heavy Machinery and then began to sell in the market. Originally, Hudong Heavy Machinery had already risen to 30 yuan because of some follow-up funds, but under the sniper of Li Hao and others, the stock price of Hudong Heavy Machinery began to fall continuously.
"Boss, we seem to have been sniped by someone else. Should we avoid it first?"
Lin Feng looked at Wang Lei standing in front of his desk and said a little disappointed: "Brother Wang, why didn't you feel that you were timid when I was in Huifeng? As the boss, I invested hundreds of millions of dollars in and there was no worry at all. What are you worried about? I am afraid that I won't pay you a salary or not to give you a commission."
Lin Feng felt that it was a wrong decision to let Wang Lei follow him. After all, he just thought that Wang Lei was doing well when he helped him trade and didn't want to waste too much time on finding people, so he asked Wang Lei to follow him. But why did he feel that he was a person who had no opinion at all and had to make decisions on everything by himself during this period?
Wang Lei also saw Lin Feng’s dissatisfaction and hurriedly said, “I’m sorry to the boss, the main reason is that I’m too anxious. After all, what we fear most in our industry is to be targeted by others, so….”
Lin Feng waved his hand and said, "Let's not discuss this matter for now. The most important thing is when can our 500 million yuan funds be exchanged for stocks?"
Wang Lei said: "If it is based on the previous trading volume, it will take half a year. By then, according to today's trading volume, it will take less than a month."
Lin Feng smiled and said, "I don't know if you still remember asking me a few days ago that the plate of Hudong Heavy Machinery is too small and the transaction volume is not high. It is difficult to buy 500 million in a short time?"
"But today this situation has been solved, but you are beginning to worry about buying too much. Look back and think about it."
"I also want to remind you again. When I don't manage the company's investment, I don't speak any of you, because I believe in your ability. But if I want to command myself, please don't keep dissuading you like a teacher. After all, I'm not a teacher for me when I invite you back. Of course, if one day your record is better than mine, I will consider your suggestions carefully."
After hearing Lin Feng's words, Wang Lei felt a layer of cold sweat appear on his forehead and hurriedly said, "Boss, I've heard it clearly."
When Lin Feng saw Wang Lei's appearance, he immediately said in a gentle tone: "Brother Wang, we have known each other for so long. Don't you understand my abilities? Why does Buffett buy any stocks, and there is a group of brainless fans to support him, but for you, you always like to pour cold water? Should I say that you are a more honest person, so what you say is more straightforward? Or is it a good word?"
"Is my record in the past six months still not as good as the stock god?"
Wang Lei quickly said: "The stock god is not as good as the boss. It takes several years to see the stock god's returns, but the boss's investment can see the results in a short period of time, and he successfully leaves the market with arbitrage."
Lin Feng said: "I don't want you to become my brainless fan, but I hope you don't drag me down."
I don’t know if Wang Lei will be dragging his legs later, but Li Hao recently felt that his legs seemed to be in a quagmire.
Originally, he thought that after selling large amounts of stocks, the price of Hudong Heavy Machinery, a seriously overvalued stock, would plummet, but unexpectedly, it has been a week now, and the price has not fallen below 20 yuan. Moreover, as Li Hao's selling volume decreases, the price tends to rebound.
Li Hao asked the heads of other investment companies to discuss, but in the end he still failed to draw a satisfactory conclusion. Could it be that the stock is really without bubbles?
Hudong Heavy Machinery's daily trading volume has been several times that of the previous year, and its turnover rate has exceeded 10%. Although this stock has risen by 300% this year, when the stock price was around 30 yuan, the turnover rate did not exceed 10%. However, in the past week, as more and more people noticed this stock, the turnover rate has been heading towards 20%.
Lin Feng never expected that Meng Jiajia's father would call him, and it was at this time.
"Uncle, are you doing well recently?"
Meng Wei on the other end of the phone smiled and said, "Is it okay? I'm just like that? I read the news. Have you taken over a lot of stocks in Hudong Heavy Machinery? Tell me, what do you think?"
Lin Feng didn't expect that Meng Wei called him because of this incident and said with a smile: "Uncle, you should know that these are all trade secrets."
"A fart business secret, if you want to keep it confidential, will you let someone else release the news? If you really want to keep it confidential, will you make a lot of storm?"
"Uncle, I don't really understand what you mean?"
Meng Wei smiled and said, "Don't be clever in front of me, the old man. I don't believe you will not know how many people in the market are targeting your investment this time?"
"I don't know what you want to do this time, nor do I want to know what you want to do, but I can tell you that if you want to hold the stock of this company, I suggest you give up as soon as possible because the company has no value at all. A long time ago, their chairman came to me and wanted me to inject capital, so I am still very clear about the situation of this company."
"It seems that my uncle really knows the situation of this company very well, and this makes me feel ashamed."
"You kid, don't be clever. I know you have never failed to invest in the financial industry, so I don't believe you will not know the situation of this company?"
Lin Feng didn't explain much about Meng Wei's words. Suddenly he remembered what Meng Jiajia asked him for help before, so he immediately had an idea in his mind.
Chapter completed!