Chapter 7 The stock market is an amplifier of human nature
In the next two months, Qin Hao and Abao went to different places to purchase treasury bills.
Po also experienced the feeling of getting rich overnight. In just two months, he started with 30,000 treasury bills. By the end of August 1986, his net worth had exceeded 200,000.
Of course, there were many tribulations encountered along the way. Abao resolutely implemented Qin Hao's plan. When the situation was not right, he would run away. If he couldn't run away, he would lose money and avoid disaster.
On September 1, Qin Hao went to Hong Kong again. According to his memory, the takeover battle for Towngas was about to begin.
In fact, as early as July, Liu Luanxiong secretly absorbed 10 million shares of China Gas when the Li family was reducing its shares in Towngas. With enough bullets, Liu Luanxiong showed his fangs unceremoniously.
On the second day after Qin Hao arrived in Hong Kong, Liu Luanxiong spread the news in the market and revealed that he wanted to acquire Towngas.
For a time, China Gas's stock price began to skyrocket.
Hong Kong is different from the mainland. Most of the infrastructure in Hong Kong is actually in private hands, such as electricity, communications, docks and even tunnels. The most famous Hung Hom Cross-Harbour Tunnel is the property of shipping king Pao Yukang. Every car passes through the cross-sea tunnel.
, you have to pay Bao Yugang.
As the only gas supply company in Hong Kong, China Gas determines whether Hong Kong's nearly 6 million people can use natural gas, and its influence is extraordinary.
In addition, the China Gas that Liu Luanxiong wants to acquire this time is controlled by the Li family. As one of the four major families in Hong Kong, the Li family is second to none in terms of financial strength and influence in Hong Kong.
Once the news broke, it immediately shocked the entire Hong Kong society, and even TVB reported it.
The share price of Towngas has also soared from the original 13.5 yuan to 15.6 yuan. Many retail investors took the opportunity to enter the market and wanted to make a fortune following this market trend.
"Qin Sheng, Liu Luanxiong has not entered the market yet, and the Li family has not made any move. Now the stock price of Towngas is close to 16 yuan. Are you sure you don't want to follow?" stockbroker Wang Wei said with excitement.
Qin Hao shook his head calmly. All this was too abnormal. If he were Liu Luanxiong, he would never release the news first, but he stayed put. Wouldn't this make his acquisition more difficult?
unless........
Qin Hao's eyes lit up, unless Liu Luanxiong's purpose was to suppress the stock price of China Gas and clear the way for his acquisition.
"Hold still for now."
This time Qin Hao brought the 200,000 he spent on treasury bills in the past two months to Hong Kong. After converting it into Hong Kong dollars, it was 320,000. He originally planned to continue to absorb the shares of Towngas, but it happened that Liu Luanxiong wanted to acquire Towngas.
On the news, the stock price skyrocketed.
In the next two days, China Gas was the hottest stock in Hong Kong stocks. In just two days, the stock price reached 18.8 yuan.
The exchange was buzzing with people, and most investors were discussing the stock enthusiastically.
At this moment, Qin Hao was already ready to retreat.
On the third day, when the share price of Towngas rose to 20 yuan and 30 cents, Qin Hao said to his stockbroker Wang Weida.
"Throw away all the 135,000 shares of Towngas in my hand."
Wang Wei was very surprised when he heard this: "But Mr. Qin, China Gas is very strong now. Wouldn't it be a pity to sell it now?"
"Sell it if I ask you to, there's so much nonsense! If it doesn't work, I'll find another stockbroker!"
Faced with Qin Hao's sudden change of attitude, Wang Wei was a little shocked, but he didn't dare to talk back and went to sell orders in despair. Of course, he secretly cursed in his heart.
After a few minutes, Wang Wei came back. All 135,000 shares of Towngas were sold at 20 yuan and 50 cents. Excluding handling fees, the total was 2.76 million. In other words, with this wave of operations, Qin Hao's principal was directly doubled.
More than double.
However, China Gas's stock price still rose strongly after Qin Hao cleared his position, and the closing price that day had risen to 21.8 yuan.
"You can't make money even if you have money. It's a waste of such a good opportunity to make a fortune."
When Wang Wei was communicating with his colleagues, he often complained about Qin Hao.
However, when the market opened the next day, a piece of news suddenly spread in the market. Liu Luanxiong had never planned to acquire China Gas. The previous gossip was deliberately released by the bankers.
This news, combined with Liu Luanxiong's continued inaction, immediately caused panic in the market.
Countless investors who had been rushing to buy Towngas for fear of not being able to drink the soup if they entered the market late crowded into the trading window to sell their stocks.
For a time, China Gas's share price began to plummet.
20 yuan, 19 yuan, 5...
Countless investors watched their savings shrink rapidly, and panic began to spread, exacerbating the decline in China Gas' stock price.
Once the stampede effect is formed, there is no possibility of rational thinking. Everyone wants to step on other people's corpses and run out first.
The stock market is an amplifier of human nature. It will infinitely magnify your shortcomings and advantages, especially shortcomings, greed and fear, which will swallow up all your reason and eventually become a leek harvested by the banker.
In fact, most of the time, stock investors know that the so-called gossips are deliberately released by the bankers, but they are betting that they can escape. In the end, they often lose everything because of greed.
In just two days, the stock price of Towngas plummeted from its highest point to close to NT$22, falling below NT$10. There was a wailing in the exchange.
Wang Wei looked at Qin Hao, who was staring at the trading screen, and couldn't help but feel ashamed. A few days ago, he was complaining about others behind their backs, but it turned out that if he listened to him, the other party would lose a lot of money.
"Awei."
"Here, Qin Sheng, what are your orders?" Wang Wei heard Qin Hao calling him and rushed over immediately.
"Within 10 yuan, continue to buy China Gas."
Wang Wei thought he had heard wrongly, and was stunned for a while before carefully reminding him.
This chapter is not over yet, please click on the next page to continue reading! "Qin Sheng, I'm afraid the previous news is false..."
Qin Hao glanced at him, showing no intention of explaining. Wang Wei said angrily, "I'll go right away. Don't worry, Qin Sheng. I will never talk too much in the future."
Now the entire market is full of sell orders for Towngas, and Qin Hao's capital is small. Soon Qin Hao's principal of 3.08 million was heavily invested in buying 300,000 shares of Towngas stock.
"Awei, what is the maximum amount of capital your company can give me?"
Wang Wei looked at Qin Hao in shock, but this time he learned the lesson and answered sternly: "In your situation, the most I can give you is a one-to-one fund allocation."
"Okay, then use the three million allocated to continue shopping for goods."
Wang Wei felt his throat feel itchy. He had always thought that this man was a relatively stable stock investor, but now it seemed that he was still too young. This man was more aggressive than anyone else.
Not long after, all the three million allocated were invested in Towngas, with the average price around 10 yuan. According to Qin Hao's current position, as long as China Gas falls below 7 yuan, there is a risk of liquidation.
Every day that followed was a torment for Wang Wei. Seeing the stock price of Towngas jump repeatedly between 9 and 10 yuan, his heart was also racing.
On the other hand, Qin Hao has always been calm and composed. The reason why he is so calm is also very simple. The particularity of Towngas' main business is there. Neither the Li family nor the government will watch the stock price of Towngas drop.
Too outrageous.
Just as Qin Hao expected, after seeing China Gas stuck at 9 yuan after falling to 9 yuan, Liu Luanxiong also understood that this stock had fallen to a low level and it was time to take action.
As a result, the number of selling orders for Towngas within NT$10 on the market began to gradually decrease, and many were cleared out by mysterious buyers as soon as they appeared.
The whole process lasted for half a month. Old stock investors who had been dormant for many years also smelled something unusual, and no one who owned China Gas stocks stopped selling.
This has resulted in a very strange phenomenon. The share price of Towngas is still floating around 10 yuan, but there are very few shares circulating in the market.
Finally, in early October, Liu Luanxiong used the listed company China Entertainment to raise additional funds of HK$527 million, and officially announced that he would acquire Towngas.
Suddenly, the entire Hong Kong stock market was in an uproar, and many investors hated Liu Luanxiong.
"This bad boy used to make fake news to raise the stock price, and then smashed the market to lower the stock price. He took the opportunity to buy it at a low price. He is not a sniper. He is simply a vampire."
"Liu Luanxiong! You're a street kid. You want to cause trouble yourself, and you sucked our blood first. You're not a human being!"
The verbal criticism of Liu Luanxiong by investors did not stop him from acquiring Towngas. Within an hour of the announcement of the news, the share price of Towngas was pushed up to 12 yuan, and this rate continues to soar. I have not fallen into the trap before or been trapped.
The stock investors are also eager to get on the bus.
On the other hand, after receiving the news, the Li family, although they spoke openly and were not afraid of Liu Luanxiong's attacks, they did not dare to neglect privately and immediately mobilized one billion Hong Kong dollars to start recycling the shares of China Gas.
All of a sudden, Towngas's stock went from being a nuisance to being a favorite. It rose by more than 20% for one week in a row. By mid-October, the stock price of Towngas had exceeded 25 yuan.
That is, when the stock price reached 25 yuan, Qin Hao directly asked stockbroker Wang Wei to clear his position and sell all 600,000 shares of China Gas on hand.
This time Wang Wei didn't say anything and immediately executed it. This time he admired Qin Hao so much. Although there was no extreme operation like selling at the highest point and buying at the lowest point, these two operations were all
Fast and accurate.
Sometimes he would wonder if this person knew in advance that Liu Luanxiong would release smoke bombs, otherwise how could he get a big piece of meat every time.
The 600,000 shares of Towngas were finally sold at an average price of 24.5 yuan. In the end, after excluding various taxes and fees and the interest from the brokerage capital allocation, 13 million was obtained.
In just a few months, more than one million Hong Kong dollars increased tenfold. This is the charm of stocks. It is no wonder that the management of many listed companies have no intention of running their business. Who would not be tempted by such a speed of making money?
"Qin Sheng, since your asset size has exceeded 10 million, the company has automatically upgraded you to a VIP customer, and you can enjoy a separate observation room." The brokerage manager said with a cheerful face.
Qin Hao was naturally happy to be pure.
After arriving at the VIP observation room, the manager of the securities firm served tea and cakes, and asked for help.
"Qin Sheng, you are now a VIP customer and can have a higher level of stock brokerage. Do you want to change it?"
Wang Wei could only force a smile on his face. He finally got a big customer, but he had to be picked off peaches. This feeling was too uncomfortable.
"No need, Ah Wei cooperates well with me, I'd better let him help me operate it." Qin Hao said calmly.
"Okay, Ah Wei, please serve Qin Sheng well. If you need anything, you can come to me at any time."
"It's the manager."
After the brokerage manager left, Wang Wei bowed gratefully to Qin Hao: "Qin Sheng, don't worry, I will never give you a second thought about what you ask me to do. The mobile phone is also guaranteed to be open 24 hours a day."
"Yeah." Qin Hao nodded and said to Wang Wei: "What is the current share price of Bank of East Asia?"
"15 yuan 2"
"Within 16 yuan, buy all Bank of East Asia."
A very interesting point is that soon there were rumors that after Liu Luanxiong made a profit of 60 million from Towngas, his next plan was Bank of East Asia.
This also directly caused the share price of Bank of East Asia to rise by 70%, and Qin Hao also made a profit of nearly 8 million, and his personal assets have exceeded 20 million.
Subsequently, Qin Hao withdrew 10 million from the stock account to his bank account, and purchased the other 10 million shares in Hong Kong Hotel.
After completing these operations, Qin Hao did not return to the mainland, but found Abao's brother Liu Sen.
"Ah Hao, with all due respect, it is very difficult for you to open a supermarket in Hong Kong, and the risk is also very high. Hong Kong is different from the mainland. The market has become saturated. Otherwise, there would not be so many Hong Kong businessmen going to Shenzhen to develop.
." Liu Sen tried his best to dissuade him. In his opinion, Qin Hao's head was a bit hot.
Qin Hao waited for Liu Sen to finish speaking, and then spoke unhurriedly.
"Brother Sen, the supermarket I want to build is completely different from the business model of most supermarkets on the market."
"Oh? How is it different?"
"Most supermarkets on the market now make profits based on the price difference of goods, right?"
"Yes, of course there is a price difference between the sale and purchase, and it is not a charity."
Qin Hao smiled and nodded: "Yes, so the prices of goods in supermarkets are always high, and sometimes they are even more expensive than those in small stores outside. And in the supermarket I want to build, the gross profit margin of goods is only 5 points.
Some don’t even make a penny.”
"Impossible, how can you afford the rent and labor costs at five points?" Liu Sen felt more and more that Qin Hao was joking.
However, Qin Hao was not in a hurry, took a sip of coffee and said calmly.
“What if I charge customers a membership fee?”
Liu Sen felt even more incredible when he heard this: "You mean, when customers go to your supermarket to buy things, they have to pay in advance?"
"Yes, my supermarket is only open to members."
"Are you sure you're not kidding me?"
"Brother Sen, do you think I'm joking?"
Liu Sen analyzed patiently: "Assuming your statement is true, there are less than six million people in Hong Kong. How many people are willing to pay an extra membership fee before entering the supermarket?"