Chapter 160 Clearance Inventory and Rooster Crows in the Middle of the Night
On May 14, the China Securities Regulatory Commission issued the "Notice on Further Strengthening Investor Education and Strengthening Market Supervision", proposing the principle of "caveat emptor", which is obviously an attempt to cool down the hot stock market.
On the 21st, the central bank introduced a "combination of measures" to regulate and increase interest rates and reserve ratios.
However, these gold medals still cannot extinguish the enthusiasm of investors, and the stock market continues to rise.
But this is only driven by the enthusiasm of retail investors, and some institutions and bookmakers are already preparing to run away.
In the office of the CEO of the Bao Group in Jinling, Lu Yan and Bao Bufan sat opposite each other in front of a tea table and said: "The first two policies have no effect, and the country will only have to make big moves."
Bao Bufan took a sip of tea and said, "You mean, increase the stamp duty?"
"right!"
"I have heard a lot of such rumors, but I have asked people to inquire, but I have never been able to confirm them. The superiors even refuted the rumors today!"
Lu Yanxin said: "How else could I be called a chicken crowing in the middle of the night by stock investors?"
But he said: "Don't believe everything in official words! I am planning to liquidate all the stocks. If you agree, I will ask them to take advantage of the rise in the past few days and sell them all!
"
Bao Bufan only hesitated for a while and then said: "You are the fund manager I invited. Since you have decided to clear your position, I will support your decision. Anyway, you have made a lot of money!"
Among the five stocks Lu Yan bought for Bao Bufan, the holding cost of "Guangji Pharmaceutical" rose from 6.12 to 20.
Tin industry shares rose from 19.43 to 33.
Xishan Coal and Electricity increased from 13 yuan to 25 yuan,
Jinlong shares rose from 9.8 to 20.9, but trading has been suspended for a long time and cannot be sold yet.
Jiangsu Kaiyuan rose from 6.9 to 21.
Among them, Guangji Pharmaceutical had the largest increase, with an increase of 226%, followed by Jiangsu Kaiyuan, with 204%. Jinlong and Xishan Coal and Electricity again had an increase of about double.
Tin industry stocks, the smallest group, also experienced an increase of 69%.
Adding up the five stocks, the book profit has reached 400 million in less than two months.
Of course, it is not easy to completely withdraw these 400 million profits from the stock market. That is why Lu Yan started preparing to clear his positions a week before the May 30 stock market crash.
The five stocks he currently holds, "Liaoning Chengda", "Hudong Heavy Machinery", "Xinfu Pharmaceutical", "Guangji Pharmaceutical", and "Tin Industry Shares", also started trading in mid-May.
, and began to clear out and ship goods one after another.
"Liaoning Chengda", which has been held for the longest time, has a holding cost of 3.84 yuan per share, totaling 872,800 shares. When the stock price exceeded 70 yuan, it began to liquidate its positions, and a total of more than 61 million yuan was sold.
Xinfu Pharmaceutical also started liquidating its positions at a price exceeding RMB 70. The holding cost was RMB 8.97 per share, and 780,300 shares were sold for a total of more than RMB 56 million.
"Hudong Heavy Machinery" will change its name to "China Shipbuilding" in the future and run for 300 yuan. In his memory, it was not affected much by the May 30 stock market crash. He thought about it for a while and kept it without selling it.
As for Guangji Pharmaceutical, because Lu Yan bought it a few days earlier, the holding cost was slightly lower than Bao Feifan's private placement, 5.67 yuan per share, a total of 3 million shares. He sold it at an average price of 20.1 yuan per share, cashing out a total of 6,000 yuan.
Ten thousand.
The profit from the tin industry shares was somewhat less, with 668,500 shares sold at a price of 33 yuan per share, resulting in a cash gain of 22 million.
At this point, Lu Yan currently holds 199 million in cash and 505,800 shares of "Hudong Heavy Machinery" stock with a market value of about 5,000.
As for liabilities, Zhou Xiaoqing is owed three million, the securities company helped raise 10 million, and Bao Bufan lent him 30 million, making the total debt 43 million.
At the same time, the profit from the private placement was 400 million. According to the previous agreement, he could get 5% commission, which is 20 million.
In other words, in less than two months, Lu Yan made a total profit of more than 70 million yuan from this cooperation with Bao Bufan, which is quite profitable.
Not to mention anything else, these days, some people have trouble borrowing three thousand yuan from their friends.
Bao Bufan could lend him 30 million, but Lu Yan still accepted his favor.
But working with other people is not particularly pleasant.
On Fu Junlin's side, the old boy originally took 200,000 and asked Lu Yan to help him do the trading.
The "Hudong Heavy Machinery" that Lu Yan bought for him had a holding cost of more than 19 yuan, which rose to 80 yuan.
As a result, this guy's mentality collapsed. He either regretted that he invested too little or was afraid that the stock price would fall.
In the following few trading days, "Hudong Heavy Machinery" has been trading sideways, with the lowest price falling to 67 yuan.
When you think about it, can it be raised to a hundred? That’s not going to be as good as heaven!
Without consulting Lu Yan, he sold it after the stock price reached 70.
After changing the trading password, there will be no commission fees for trading on your behalf.
The total profit was 500,000 yuan, and 20% was equivalent to 100,000 yuan. To be honest, for Lu Yan in 2007, he really didn’t take it seriously.
I just despise this guy as a person, and secretly said in my heart: "When the stock price rises to 300 shares, I will see how you cry!"
This feeling is similar to the feeling of winning the lottery jackpot and losing it, buying a house in Beijing for two thousand and selling it for three thousand.
Fortunately, Li Fuping was okay. Lu Yan helped him buy Guangji Pharmaceutical, initially investing 500,000 yuan. In late May, he made a cumulative profit of 1.1 million yuan to clear the position.
Lao Li gave Lu Yan 100,000 yuan. Lu Yan refused to accept it, but Li Fuping insisted on giving it.
In his own words, he has a worrying personality, with more than enough planning and insufficient decision-making.
It's okay to be a consultant, consultant, or scholar for others, but if you go into business on your own, you'll probably lose your life, and you're not in the position to make a lot of money.
Earning one million this time is already a windfall. He plans to use the money to buy a discounted villa developed by the school. He will live a peaceful life, and the subsequent rise and fall of the stock market will have nothing to do with him.
.
Listening to this, Lu Yan felt a bit like quitting the world!
Then I thought about it, in fact, the stable life of ordinary people or the middle class is quite good.
In "Robinson Crusoe", the protagonist's father said: "The middle class is the best class in the world, and this middle position also makes people the happiest.
They neither have to engage in hard physical labor like the lower class people and still live in poverty; nor do they have to be like the upper class people who are exhausted mentally and physically due to extravagance, ambition and mutual strife."
Did I accidentally jump too high?
Lu Yan thought in his mind, but since he is a reborn plus system, he is destined not to live like an ordinary person!
In addition, he also helped Zhou Xiaoqing buy stocks on his behalf, all of which were cleared before the end of May.
He also reminded Xiao Wanru, Mu Yunrong and Xu Jiaqing respectively that the fathers of the latter two were stock traders.
According to his judgment, at the end of May or early June, the country may introduce negative policies for the stock market, similar to the twelve gold medals in 1996. The systemic risk is very high, and it is recommended to temporarily clear or half the position.
In this regard, Xiao Wanru completely believed in Lu Yan.
A poor student who can gain hundreds of millions from stock trading, in her opinion, is a stock god. So why not believe it?
But Mu Yunrong and Xu Jiaqing's parents sneered at this.
Officials at the top even vowed on CCTV on the 29th that they would not raise stamp duty. Where is the policy risk?
Clinker, just five hours later, in the early morning of May 30, a huge piece of news that shocked China surprisingly appeared on China's three major portals.
This news is: The stamp duty rate for securities transactions is adjusted from the current 1‰ to 3‰.