July 15th, Tuesday.
It was also the 17th day since Lu Liang started locking his stock position.
The over 65,000 lots he held were now unwittingly worth more than 190 million. With a cost of 9.5 yuan per share, the current stock price was 29.23 yuan, netting him 1,973 yuan per lot.
"It's ti to prepare to run," he thought.
If Lu Liang's chips were only a couple of million, he would definitely have waited until the stock price reached about 45 yuan before cashing out.
Because with a small amount of money, you can run whenever you want, coming and going freely.
But now, he had nearly two billion in chips.
And he also found out that the Teli A market was not as big as he initially thought.
It was only a collusion between institutional investors and major shareholders forcibly locking up shares to reduce circulation and easily pump the stock price.
To avoid giving back the profits he had in hand, Lu Liang had to start gradually reducing his position from 30 yuan.
July 16th, Wednesday.
Teli A opened with a big surge of 7.55%.
The current stock price was 31.45 yuan.
Everyone thought the stock would hit the daily limit today, outperforming the main market with an independent trend.
Li Jianlin and Wu Junle thought so too.
They held nearly 2.2 billion in chips and needed to push the stock price even higher to facilitate massive sell-offs.
But to their surprise, after investing fifty million, the stock price of Teli A that should have hit the limit stayed around 31.5 yuan.
It didn't hit the daily limit by the close in the afternoon; the fifty million investnt seed to disappear without a trace.
"There must be so small shareholders taking profits," they concluded.
"Tomorrow, tomorrow it will definitely hit the limit," they reassured each other, while their faces looked grim.
They had planned for half a year and lay in wait for half a month, creating this market trend with their own hands.
They'd rather believe that so shareholders lack martial virtue than believe soone else had picked the fruit.
Between the two, they had committed 2.8 billion in capital, 2.2 billion of which was already spent; there was no turning back.
This money, at most they personally accounted for 15%, the rest ca from the powerful and influential in the Guangdong-Hong Kong-Macau area.
Money from those heavyweights was not easy to take.
In this battle, they could only win; there was absolutely no room for loss.
On the other hand, Lu Liang observed the Dragon and Tiger List for a few days.
He figured out that as long as his sell volu was below 48.5 million, his na wouldn't show up on the list.
He tid it just right, selling 14,000 lots at the price of 31.45 yuan, cashing out 44.03 million.
With a total investnt of 62 million, he was just 18 million short to recover his original capital.
He still held 51,300 lots worth 161 million; as long as the sell-off went smoothly, he should be able to make about 140 million in profit.
In the following two days, Lu Liang didn't go to extres, selling only thirty to forty million per day, trying not to affect the market trend.
This was just the first wave; there were the second and third waves to co, until the stock price soared to 108 yuan.
Killing the chicken now would an no more eggs later.
Lu Liang was very careful, yet there's always sothing unexpected.
He only calculated not to appear on the Dragon and Tiger List on the first day, but he overlooked the total outflow of funds for the three days on the list.
July 18th, Friday, 5:15 PM, the Shenzhen Stock Exchange released the three-day Dragon and Tiger List.
Teli A made the list again, with an address at 88 Punan Road, netting an outflow of 128 million over three days, sitting at the top of the list.
The mont the news was released, it was like a depth charge exploding, flipping the dostic financial circle upside down.
In the past half a month, the market sentint for Teli A was fervent, becoming the leading stock in the concept of state-owned enterprise reform.
Various forces were following the stock closely, and naturally, they knew that Zhongxin Fuying and 12 Futian Road were the market makers.
But now, the unknown 88 Punan Road seed to be the final one to pick the fruit.
Speculators are people,
So are institutions,
And all people have curiosity.
A large number of onlookers called their friends or pulled up the last 30 days of transaction details.
They wanted to know if 88 Punan Road was a third market maker lurking in the dark, or if Zhongxin Fuying and 12 Futian Road had been outfoxed.
Through the transaction details of the last 30 days, they quickly discovered a shocking truth.
Soone really picked the peaches.
Punan Road No. 88 first appeared on the Dragon and Tiger List in mid-last month, before the market had taken off.
After that day, there was a long period of bearish decline.
People in the know could see that they were washing out shares at that ti, with Li Wu trying to get rid of No. 88.
However, No. 88 only pretended to be washed out and was actually lying low.
Unaware, Li Wu kicked off the market movents.
Big players slaying the dragon, trapping the market makers and exiting with flair—such delightful scenes were irresistible to many.
At the sa ti, Punan Road No. 88, Lu Liang's na, first caught the attention of various major speculative investnt institutions.
In that very mont, under Su Wanyu's supervision, Lu Liang was taking his fourth simulated TEM4 English test.
After 45 private tutoring sessions, this ti Lu Liang scored a good 340 points.
Although he had not reached the passing line of 425 points yet, the dawn of hope was visible.
Lu Liang picked up the test paper and said with a smile, "Mrs. Su, I think next ti we do a mock test, you'll have to keep your promise."
Last week, when they got to the 33rd lesson and had the third mock test, he had wanted to invite Su Wanyu to dinner.
Su Wanyu had refused, but not outright—she said she would invite Lu Liang to dinner once he passed the 425-point mark.
"There are still 85 points to go, it's not certain that you'll pass."
Su Wanyu's eyes were picturesque, her face full of pride, no longer the cold indifference of their first eting.
Lu Liang was gentle and refined, graceful, and possessed a maturity and steadiness uncommon among his peers.
Young yet successful, the exclusive 45 hours had indeed swayed her slightly, and she did not wish to deceive her own heart.
Lu Liang teased with a smile, "Why do I feel like this test was particularly hard? Did you secretly raise the difficulty?"
"Boss Lu, you can question my teaching abilities, but you absolutely cannot question my character."
At first, when Lu Liang made playful remarks, Su Wanyu could only blush in silence, but now she had learned to fight back.
"They say the eyes are the windows to the soul, but your glasses are so thick, they keep from seeing your character."
Lu Liang had always hoped Su Wanyu would take off her glasses; she was truly beautiful, her attractiveness just hidden behind them.
540-degree thick lenses almost turned her large eyes into tiny beads, and the black fras covered a third of her face.
Su Wanyu's face went red, unsure how to respond, when suddenly Lu Liang's phone rang.
"You go ahead, I'll run to the restroom."
She hurried out of the office, her head down the whole way, not daring to make eye contact with Lu Liang's staff, feeling as if they were all watching her.
Lu Liang couldn't help but chuckle, answering the call, Zhao Haisheng hastily said, "Mr. Lu, a lot of people are asking about you."
"Asking about for what?" Lu Liang was puzzled, still unaware that he had topped the list for net capital outflows on the Dragon and Tiger List.
"Why don't you take a look at the Dragon and Tiger List published by the Shenzhen Stock Exchange?" Zhao Haisheng was at a loss for words, unsure how to respond.
Lu Liang opened his computer, saw Punan Road No. 88 at the top of the list, and instantly grasped the situation: "What did you guys say?"
"Mr. Lu, please rest assured, we absolutely keep our clients' account information confidential."
Zhao Haisheng quickly made a guarantee as any leak of Lu Liang's position would an he'd have to answer for it with his head.
However, aside from account information, Lu Liang's personal details were probably already commonly known.
Many people had gotten through him, seeking to contact Lu Liang, wanting to arrange a et-up.
"Just say I'm busy, decline them all."
Lu Liang lit a cigarette, deep in thought.
The Dragon and Tiger List for three days, indeed he had been negligent.
But no harm done, to beco famous early or late, it was bound to happen eventually.
What mattered now were Li Jianlin and Wu Junle—these two must hate him by now.
A net outflow of funds of 128 million in three days, even a fool would know what next week's market would look like.
A stampede-like selloff was inevitable; stabilizing a shaky building, turning the tide at the point of collapse required both skilled manoeuvres and substantial capital.
"Now I've really made so enemies."
"But isn't that what the speculative market is all about? If you don't lose, and he doesn't lose, how am I supposed to make money?"
The essence of finance is a zero-sum ga, where soone's gain is always another's loss; wealth cannot simply appear out of thin air.
Lu Liang quickly convinced himself, though he was unsure whether Li Wu had any knightly spirit, or if they would accept their losses graciously.
He called ng Changkun, learned that he was in the office upstairs, and said, "I'll co up now."
Just as he was leaving, he encountered Su Wanyu returning, and Lu Liang hastily left a ssage: "That's all for today's lesson, then."
A failed marriage had made him realize that emotions were the least reliable thing; even the most solemn vows could be eroded by ti, defeated by daily trivialities.
Only career and wealth were everlasting.
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