The Son of Finance of the Great Age

  Chapter 121 Takeover Battle

On January 4th after the New Year holiday, the first trading day of the Hong Kong Stock Exchange in 1993, as soon as the stock market opened, a large amount of money sneaked into the market, and at the price of 9.80, a thousand lots of buy orders were issued to the Zhao consortium. Its subsidiary Huade Real Estate.

You should know that Hong Kong stocks are not calculated based on 100 shares per lot, but have different composition according to the stock price. For example, stocks like HSBC have 400 shares per lot, and stocks like Changhe Industrial have 1,000 shares per lot. Huade Real Estate, like Changhe Industrial, has 1,000 shares in one lot.

  A thousand-lot buy order is equivalent to one million shares. This is enough to cause an uproar in a market with an average daily trading volume of tens of thousands of lots!

  The stock price of Huade Real Estate rose immediately, and soon reached the price of 10 yuan. Investors in the market also reacted and began to chase after this stock.

"Remove all unfilled orders!" In the trading department of Standard Chartered Bank, a five-member trader team is operating nervously, and standing behind them is a middle-aged man in his forties, who is at the moment Monitor the movement of the market.

The buy orders that appeared in an instant wiped out all the sell orders below 9.8 yuan, and the price of Huade Real Estate instantly stabilized at 9.8 yuan, and then two hundred lots were placed one after another at the prices of 9.9 and 10 yuan, making Huade Real Estate The price of German real estate has firmly stood at the position of 10 yuan.

  In just a few minutes of trading time, the account of Skyline Holdings received 308 lots of Huade stocks, with the average price controlled at 9.9 yuan, costing 3,049,200 Hong Kong dollars.

  Seeing that Huade stock opened higher without warning, and it rose by 2 percentage points within a few minutes, the attention of the market was immediately attracted, and investors were waiting to see what was going on.

   It didn't take long for them to see that the buy order on the buyer's column was withdrawn. Everyone is asking, what's going on here?

Just when they were still wondering, the buyer popped up a figure that surprised them. Soon there was another purchase order of 1,000 lots on the buyer column of Huade Real Estate, and the price was set at 10.5 yuan. s position.

   Up 7 percent? While everyone was still in a daze, this buy order quickly wiped out all the selling orders that came out after the first wave of buy orders, setting a new high for today's price again.

   Soon, the market was boiling, and almost everyone realized that there was a banker with strong capital in this stock, and investors began to buy shares of Huade Real Estate one after another.

  The total share capital of Huade Real Estate is 500 million, which is 500,000 lots in the market. Excluding those held by major shareholders and institutions, less than 40% of them can be circulated in the market, that is, 200,000 lots.

  The price of this stock fluctuates around 10 yuan all the year round, and there are not many people who pay attention to it on weekdays, but there were unusual fluctuations at the opening of the market today, which made market participants inexplicably excited.

"This time as usual, withdraw the unexecuted buy orders!" Still in the trading department of Standard Chartered Bank, in a small room that can only accommodate eight or nine people, five traders sat in front of the computer together, pointing fingers They were typing on the keyboard quickly, while the middle-aged man behind them was expressionless and thinking carefully.

  His name is Zhang Jiaqiang, and he is an acquisition expert in the investment banking department of Standard Chartered Bank. He has been working as an analyst in the sales department of Standard Chartered Securities before.

  At this time, there are already 853 lots of stocks in the account of Skyline Company, with an average price of 10.3, and 8,785,900 Hong Kong dollars have been used up.

  The previous two-handed buy order is to attract the attention of the market, and then continue to operate. Only when other people follow up, the dealer has room to operate.

  At this time, the stock trading of Huade Real Estate was fully active, and the trading volume continued to increase.

   "10.7 yuan, place a sell order of 100 lots!" Zhang Jiaqiang ordered non-stop just after the traders had just withdrawn the orders that had not been filled just now.

   This is a test. Other followers and onlookers in the market understand that this is another force coming in, testing the strength of the force that made waves before.

   Sure enough, after the sale order was posted, market participants immediately stopped, waiting to see whether the force just now would accept this provocative message.

   Soon, a buy order of 500 lots swept away the sell orders below the price of 10.7, and then rushed to the price of 10.7 in one breath, eating up all the sell orders of 100 lots.

At the same time that the sell order at the price of 10.7 was eaten, another sell order of 300 lots appeared at the price of 10.8, but the buyer didn't seem to care at all, and the sell order was eaten at almost the same speed as before .

The matter was not over yet, shortly after the 300-lot order was eaten, a 400-lot sell order appeared again in the seller's column. This method of continuously selling stocks at a price gave people a sense of fortification every step of the way. .

  The buyer was irritated and reacted quickly. At the price of 10.9, he once again placed a large buy order of 1,000 lots, swallowing the seller's order in an instant.

The followers and those on the sidelines in the market were boiling, and they all wondered in their hearts whether it was the huge profits in the financial statements of Huade Real Estate, which made the funds that got the news first enter the market so desperately; or Is it because the Hong Kong government is preparing to auction a certain piece of land recently, and Huade Real Estate is confident that it will be won?

  The trading volume began to increase continuously, and small and medium-sized retail investors rushed to enter the market, wanting to get a share of this stock, even though they didn't know what the share was.

  How could they know that all the previous transactions in the market were the tricks of the dealer behind him playing left hand for right hand. This is just a small means to mobilize market sentiment, the purpose is to attract these retail investors.

On this day, there were no transactions with more than one million funds, and the rest were retail investors buying and selling at the price of 10.9. The fleeting buying and selling battle was over, and the remaining trading time can be called garbage time up.

  After the final close, Skyline Holdings account absorbed a total of 954 shares of Huade Real Estate, with an average price of around 10.5 yuan, costing more than 10 million Hong Kong dollars.

As soon as the market opened the next day, a buy order of 3,000 lots appeared during the price negotiation stage, and the price was fixed at 11 yuan, which made the share price of Huade Real Estate rise by 11% compared with the opening price of the previous trading day. The management of the real estate has noticed the unusual fluctuation of the stock price, and specially issued an announcement stating that there is no unannounced news recently, but it still cannot stop investors from chasing after Huade Real Estate.

  The stock price of Huade Real Estate went up all the way under the condition of large amount of funds entering the market, and it was fixed at 11.4 yuan at the close, which made most investors who opened positions the day before were happy.

On this day, Skyline Holdings absorbed 1,230 lots of chips in the market, plus 954 lots on the first day, holding a total of 2,184 shares of Huade Real Estate, and the average price was also raised to 11.00 yuan. The capital of more than 20 million Hong Kong dollars.

   With 20 million Hong Kong dollars, a stock can be raised by more than ten percentage points, which makes Zhong Shi, who has been on the sidelines for the past two days, give a thumbs up to Zhang Jiaqiang's ability.

   "What should I do next?" Zhong Shi asked after the market closed.

   "Don't do anything in the future, let's cool down the sentiment of the market first, and then make a bottom on Friday to see if there are other big players following in the market outlook." Zhang Jiaqiang calmly analyzed.

   "Is there any particularity to this?" Zhong Shi asked strangely. He is really not proficient in trading, and he is even no different from retail investors to a certain extent.

   Zhang Jiaqiang was taken aback after hearing Zhong Shi's words, thinking that you probably don't know such a simple thing. Seeing that Zhong Shi didn't seem to be fake, he had to explain patiently: "Our behavior of raising the stock price is too obvious. In this case, we may not be the only ones who are sucking up chips in the market. If we place If we start smashing the market in one step, I am afraid that the funds that will follow in later will not agree, and they will take over, which will greatly hinder our next move."

   "It will still be like this?" Zhong Shi nodded thoughtfully, "Then we just let this happen?"

"Of course not. Our next step is to wash the market. Through repeated shocks, we will wash out short-term investors and trap the wind chasing market. This time may last a bit long, and it may take about a week to a month. Wait until After putting those bottom-hunters and rebounders in the process of falling, let them either be forced to cut their flesh and leave the market, or just sit still, so that we can absorb more bargaining chips at a very low price, and finally reach the level that can be sold. The share of the placards." Zhang Jiaqiang explained patiently without any impatience.

   "It's so troublesome? Let's buy directly at the market price. Can't we raise a sign after reaching 10% of the share?" Zhong Shi thought for a while, and felt that although this strategy was good, it was a waste of time.

"It's good, but such a blatant and wanton accumulation of chips will definitely attract many followers. At that time, the stock price will change every day, and the pressure to build a position will be greater. When the absorption reaches 10%, it may be necessary to buy more chips." It cost far more than 500 million yuan, so I am afraid that the follow-up financial pressure will be very heavy."

   "So that's the case, then you go ahead!" Zhong Shi finally understood that there is still so much knowledge in the acquisition, just relying on low prices to attract money, and such complicated operations.

   On the third and fourth trading days, the stock price of Huade Real Estate did not fluctuate much, and the trading volume also slumped. It seemed that everything was calm, as if the large and unusual fluctuations in the previous two days did not happen.

Soon, this situation was broken. On January 8th, the day when Zhongshi boarded the plane to fly to the United States, Huade Real Estate fell 3% compared with the previous trading day at the opening, drawing a red line .

   First of all, thank you for poisoning you thousands of times, and thank you for being late again! In addition, the update has been explained in "Work Related". Although this time is very busy, there are still 3,000 words every day. I hope everyone can continue to support it. Don't be too disappointed because of this. Of course, if possible, the author I will try my best to write as much as possible~ The past, present and future of this book are all without your support. I hope that we will continue to walk together in the future. Thank you very much!

  (end of this chapter)