Power and WealthChapter 27 – The share prices rise again!
Zhou Changchun’s office.
Dong Xuebing was still furious when he followed ZhouChangchun into his office. If this were in the past, he would surely complainto Zhou Changchun and let him know the true colors of Guo Shunjie. But now,Dong Xuebing would not do this. He had learned how to matter such matters. Ifhe told the leader about this matter, this matter might also not be solved. Theleader would also look down on him for not being able to resolve such a pettyissue himself.
“Xiao Dong, are you unwell?” Zhou Changchun could seesomething was wrong with Dong Xuebing and asked him out of concern.
Dong Xuebing recollected himself. “Thank you for yourconcern. I did not sleep well last night.”
“You must take care of yourself and rest well.” ZhouChangchun sat down. “Bring the chair over. Trading is about to start.”
Dong Xuebing immediately said: “No need. I will just stand.”
Zhou Changchun unhappily said: “I am asking you to sitbeside me. Stop saying all those things.”
“Thank you, Chief Zhou.” Dong Xuebing was aware of hisposture now. Even this was a small round stool, he also sat down on half hisbuttocks.
Dong Xuebing looked at the o’clock computer screen, and itwas 09.50 am. Trade orders were coming in for the stock markets of 2 cities. Theseorders were competing, and it was still considered unofficial. The more peoplethat buy the shares, the higher the share prices will rise when the marketopens.
“Xiao Dong, how long have you been trading shares?”
“About 3 to 4 years.” Dong Xuebing lied.
“Do you have any tricks or secret techniques? How come youare so confident Hainan Rubber share prices will rise that day?”
Dong Xuebing wanted to say that he has no secret techniques.But that will make the leader feel that he does not want to share and will hatehim for being selfish. So, Dong Xuebing continued to make up stories. “It isalso not considered secret techniques. Look at this chart. This trade volumeand this fluctuation mean the probability of this share rising is higher. Youstill need to look at the candlestick chart, daily average, Moving AverageConvergence Divergence (MACD) and KDJ indicator to analyze the market.”
Zhou Changchun does not know about this but pretends heknows it all. “Good. You are right. We must analyze all these to understand themarket well.” He was feeling good. Although he did not make much money fromHainan Rubber shares, he must admit that Dong Xuebing have a good eye for thestock market. He could only blame himself for being unlucky that the shareprices fell the next day again.
Market opens.
The index rises a little.
Zhou Changchun was staring at the monitor. “Come. Help mepick a share.”
“I am only confident in the ultra short term trading. Therest..... errr...... if the shares did not rise later, you......”
Haha. Ultrashort-term is good enough. Don’t give yourselfpressure. Just pick a good share.”
Dong Xuebing agreed and click on the trading software’soverview. He had discovered this function of the software in the morning. Itwill indicate the prices of all the shares and the latest trade information.For example, which big player had sold a high volume of shares, which stock hadrisen. With this overview, Dong Xuebing does not need to look for stocks like aheadless chicken.
This time, news of a few railway companies had appeared onthe smaller overview window in the bottom right corner of the monitor.
Daqin Railway – High volume of shares were sold.
Guoheng Railway – Share prices plunged
Guangshen Railway - High volume of shares were sold.
Daqin Railway - Share prices plunged
“The big boys are selling the shares.” Because ZhouChangchun had bought Daqin Railway shares a few days ago, he monitored thisshare closely. “Railway shares are done. The past two days, the share priceshad increased too high and were overrated. I think it will not be able torecover in the next few months.”
Dong Xuebing also thinks this way. He continues to look atother shares.
Both of them were looking at the pharmaceutical shares whenan update appeared on the bottom right corner’s window. Dong Xuebing and ZhouChangchun were shocked by that update.
Daqin Railways – Trading stopped for reaching the higherdaily limits.
Dong Xuebing thought his eyes were playing tricks on him.
A while ago, there were still many trades selling thiscompany’s shares. How come it had reached higher daily limits?
BACK!
......
Time was returned to one minute ago. Dong Xuebing saw theupdate “Daqin Railway - Share prices plunged” in the small window.
He immediately clicks on the share’s average graph. Theshare prices had fallen 0.78%. The share prices did not drop too much. Butcompared to yesterday, today’s index had increased a lot. But the big boys werestarting to sell off their shares, and the share prices had plunged suddenly.From this trend, it might reach the lower daily limit and ordered to stoptrading.
“The big boys are selling the shares.” Zhou Changchunsmiled. “Railway shares are done. The past two days, the share prices hadincreased too high and were overrated. I think it will not be able to recoverin the next few months.”
“Chief Zhou.” Dong Xuebing could not wait any longer. “Hurryand buy Daqin Railway shares. The share prices will rise soon.”
Chief Zhou was surprised. “Daqin Railway? Rise? Isn’t itfalling now?”
“It should be the big players trying to scare the smallerplayers to sell their shares.”
Chief Zhou shook his head. “Railway shares cannot make it.Look, the share prices are still falling.”
Dong Xuebing quickly said: “Trust me. I can tell from theUltrashort term that the prices will rise a lot. It’s true.”
“Errrr......” Chief Zhou was still hesitating. But because DongXuebing was accurate the previous two times, he moved forward. “Fine. I willlisten to you.” Zhou Changchun had medical conditions, and his legs were weak.But this stock addict’s hands were very agile. Click, click, click. He typed onthe keyboard. As Chief Zhou was not very confident of Daqin Railway shares, heonly bought 3,000 shares.
Will the share price really rise? Zhou Changchun wonders.
Dong Xuebing also could not believe what he saw. After all,the share prices were in the red and had risen to reach higher daily limits andstopped trading. The trade volume must be enormous. But Dong Xuebing did nothave to time to see the reason for the rise. So, he could only stare at themonitor now to find out what caused the sudden increase.
Huh? Did the overview show the wrong information?
Dong Xuebing’s hands turned cold when he thought of thispossibility.
-0.78%......
-0.92%......
The share prices fell by a few more cents.
Dong Xuebing’s palms were all sweaty. Please rise......
Suddenly, a string of numbers appeared, and the colors ofthe graph changed.
Dong Xuebing and Zhou Changchun blinked. They saw a hugetrade order to buy Daqin Railway shares coming in, and the share prices became+3.58%.
6.42%......
8.38%......
8.92%......
9.37%......
10.01%......
The price shot up and reached the daily limit.
The shares stopped trading.
Zhou Changchun took in a deep breath and slapped his thighs3 times. “Good, good, good!”
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