The price of these two sell orders of 5 million A-shares is HK$6.1.

If the person who threw it was not Wheelock.

Those are the ones who hold on for the long term.

If the price is obviously too high, there will definitely be very few buyers.

The stock price was just over 2 Hong Kong dollars two days ago, and no one was paying attention. Now it has suddenly risen to 6 Hong Kong dollars. Anyone with a normal mind will know that someone is definitely up to something.

So if you can take advantage of the opportunity, you will definitely not be under pressure.

Contrary to the expectations of Wheelock's board of directors and those who sold the orders, buying orders immediately appeared as soon as these two orders were sold.

In fact, if Xu Luo raises the stock price to about 4 Hong Kong dollars, someone will definitely follow suit.

But that is too slow, and people who are waiting for the stock price to rise again will definitely wait and see. What they need now is to hold Wheelock shares immediately, so they will raise it to just over 6 yuan at once.

However, he only bought 1 million shares, and there were still 9 million shares that were not traded.

With so many shares untraded, once the time is up, the remaining untraded sell orders will be canceled directly.

There are many people holding Wheelock shares. Seeing that there is only one buyer, and the buying order on 6.1 cannot consume 10 million shares, some people feel that they cannot wait any longer.

So a sell order for 5 million shares with a selling price of 5.8 yuan was placed again, but the buy order remained motionless.

Such a strange scene made the person who threw it out and the Wheelock board of directors feel that something was wrong.

Who is the guy who bought at HK$6.1 just now?

What purpose does this person have?

Why buy when the price is so artificially high?

Seeing that no one was buying at the price of HK$5.8, he placed a new sell order of 5 million shares. This time the price has been reduced to HK$5.5.

If you don’t take the opportunity to sell at such a high price, you will definitely be stuck again.

At this moment, everyone is staring at Wheelock's stock, which has become the biggest focus of the entire Hong Kong stock market in the morning.

Prices surged rapidly, but there were not many buyers.

Some investors believe that a major water pipe will acquire Wheelock.

Some people think Wheelock is about to undergo a major reorganization.

Some even wonder whether Wheelock's board of directors is deliberately driving up its stock price.

Xu Luo took his time and followed his own plan.

Let Chen Shurong arrange a dozen traders to make Wheelock's stock price strong in the morning, completely confusing the market and Wheelock's top management.

Wheelock's board of directors can vaguely feel that there is a dark hand working against them.

But the mastermind behind the scenes has never been found.

However, such a bidding acquisition is not a good idea. Although Wheelock's stock price is very low, it will cost a lot of money.

If the person bidding for the acquisition was a stock market veteran, they would definitely laugh at this guy.

If you didn’t buy it when it cost more than two yuan and only bought it now, wouldn’t that mean you have a bubble in your head?

They even think that they don’t need to issue B shares to resist the other party’s absorption.

However, Wheelock's senior executives were happy too early.

The market had just opened in the afternoon, and selling orders on Wheelock stocks appeared frequently again.

And all at once there were three selling orders of 5 million shares, and the selling price had been reduced to 5 yuan.

However, no one took these 3 selling orders, which shows that the time is expected to be even lower in the near future.

Sure enough, just for a meal, the price of Wheelock stock dropped another dollar.

If it were the stocks of other companies, there might be a large number of people taking advantage of troubled waters, but Wheelock's stocks are famous for being a arbitrage.

Once you are trapped, it is not easy to get rid of it.

Seeing that no one took the 5 yuan selling order, those who held Wheelock shares almost went crazy, especially those who wanted to wait and see if the price could rise. They regretted it to death.

If I had known earlier, I would have sold it at HK$5.8, and I wouldn’t have lost so much money now.

By the time these three sell orders disappeared, the price of the next sell order had dropped to HK$4.8.

No one is buying, and no one wants to be stuck.

So the stock price fell again.

The next few selling orders will push Defeng's stock price to just over 3 yuan.

Just two hours after the market opened in the afternoon, Wheelock's stock price went from skyrocketing to plummeting.

Those who had no time to sell in the morning saw that the stock price was approaching the normal trading price, and immediately sold their orders when it dropped to HK$2.8.

Two selling orders for 500 A-shares appeared immediately, followed by a buying order, purchasing 5.5 million A-shares at a price of HK$2.8.

The 5.5 million shares have just been consumed, and the remaining 4.5 million shares have not moved at all.

It was only now that Wheelock's board of directors reacted.

Sure enough, someone is really working against themselves. They first raise the stock price very high, attracting the attention of countless people and attracting selling orders.

When everyone discovered that the stock price had plummeted and sold, the other party took the opportunity to absorb it.

If you buy it at the usual price, it probably won’t attract much attention.

There won’t be such a big sell-off.

I am afraid that people will join together in everything. When there are more people, it is easy to form cliques.

When one person sells stocks at high prices and makes millions, others become jealous.

And those who are still waiting for the stock price to soar again will rush to sell their stocks when they see the stock price plummeting, for fear that they will not be able to sell it too late.

If it were Yihe, it would definitely not operate like this.

This method of operation is really weird.

It's just that the people at Wheelock don't know who the other party is.

Xu Luo has now absorbed 6.5 million A shares of Wheelock.

The 6.5 million A shares in his hands are approximately equivalent to 22.5% of Wheelock’s total assets, or 15.3% of the voting rights.

And he also spent 21.5 million.

Although old companies like Wheelock are large in size, they all have cumbersome characteristics. The stock price rarely fluctuates, but the net asset value per share is relatively high, and they tend to seek stability.

There are two major advantages to sniping at such stocks. First, one hit is sure to hit hard. In order to retain control, major shareholders are often forced to buy back their stocks. At this time, the market has already surged, and the sniper will definitely make huge profits.

Second, even if major shareholders give up, snipers can sell at high levels and make direct profits.

But before Xu Luo, no one in Hong Kong had done this, otherwise Liu wouldn’t be so famous.

When the market closes in the afternoon, the price of Wheelock has soared to HK$6, but no one is buying it now.

Although Xu Luo does not have much money at his disposal, Wheelock's stock price has skyrocketed, plummeted, and then skyrocketed again, which has caused Wheelock's board of directors to become confused.

Even if you want to issue B shares, it is already too late.

They must be recognized by the market and make people think that Wheelock has sufficient market value, otherwise the B shares it issues will only become junk stocks.

Wheelock's board of directors is uneasy, worried that someone will come to offer warmth.

Sure enough, early the next morning.

A handsome boy broke into the office of Wheelock Chairman John Madden.

After coming in, he introduced himself, "Dear directors, I am Xu Luo, the chairman of Unicorn Investment Company, my English name is Mac. I am here today because my company already holds 6.5 million A shares of Wheelock.

, which is 22.5% of Wheelock’s total assets.”

"So I came here to request a special shareholders' meeting and cancel the privileges of B shares."

As soon as he heard this sentence, John Madden said "f*ck".

If the B-share privileges are cancelled, wouldn’t Wheelock’s control fall into the hands of investors who hold a large number of A-shares?

And now he understands that the person who has been messing with him in the stock market these past two days is the young man in front of him. As for the unicorn investment company, he has never heard of it.
Chapter completed!