Chapter 217 – Big Profits (2/2)
After not following the market for about a year, the market index had dropped to a new low. About six months ago, the market was not doing well, and it fluctuated for a while before crashing two months ago. The line graph of the market almost looks like a playground’s slide, and almost all the shares in different sectors had dropped. The average drop of the shares is around 3%.
Yu Meixia saw the graphs and looked at Dong Xuebing. “I think… I think we should not buy shares.”
Dong Xuebing looked at the list of companies and frowned. “One of these shares will rise. With fluctuations means we will have a chance to make a profit.”
Yu Meixia did not know much about the stock market and kept quiet. She took out a cigarette for Dong Xuebing and lit it for him. She saw Dong Xuebing staring at the monitor, and she starts peeling melon seeds for him.
Dong Xuebing noticed what Yu Meixia was doing and just opened his mouth to wait for her to feed him.
Yu Meixia blushed and placed the peeled melon seeds one into Dong Xuebing’s mouth.
Dong Xuebing swallowed the seed and opened his mouth again.
Yu Meixia fed Dong Xuebing the second melon seed. This is a top-class service!
After eating more than a dozen melon seeds fed by Yu Meixia, Dong Xuebing became lazier. He doesn’t even want to pick up his glass of water himself. He made Yu Meixia hold his glass and few him water.
After a while, Dong Xuebing said. “Sister Yu, rest for a while and stop peeling.”
Yu Meixia put down the packet of melon seeds and picks up a paper fan to start fanning him. She was afraid Dong Xuebing would feel warm in the room.
Dong Xuebing could sense Yu Meixia’s thoughtfulness and said. “Stop fanning. There is air condition in the room. Come closer and look at the stocks together.”
Yu Meixia stop fanning and said. “I don’t know about stocks.”
“I will teach you. You know how to tell if the share prices rise or fall?”
“I know a bit.”
Dong Xuebing shamelessly said. “Can you see it from so far? Why do you sit on my lap?”
Yu Meixia bit her lower lips and whispered. “I… I can see it from here.”
“Cough… OK. I will teach you the basics of share trading. Do you see this? This means the prices are falling. The line is moving downwards. The fluctuations for all shares have a limit of 10%.”
Yu Meixia points to a share on the screen. “Why is this share dropping so much? It’s more than 10%.”
The code for this share is 002603, Yi Ling Medical. It should be a pharmaceutical share, and the current price is around 30 RMB.
Dong Xuebing nodded. “This is a new share, which means today is the first day of listing on the stock market. On the first day, there are no limits on the rise and fall of the prices. From the second day onwards, the 10% limitations will be imposed on it.” Nowadays, new listings cannot make money like before. That’s why Dong Xuebing was not surprised to see new shares’ prices plummet. After all, the overall market is not doing well.
Dong Xuebing patiently explained the stock market to Yu Meixia for the next few hours, while observing the fluctuations of the shares.
The market today was doing very poorly. The majority of the shares continued to fall slowly. This is not a good sign. Only a handful of shares rise, but the increase is only around 1 to 2 %. Dong Xuebing hesitated for a long time but did not use his BACK, as the profits are too little.
Around 2.30 pm.
“Sister Yu, help me monitor the market to see if any shares have high fluctuations.”
Yu Meixia gave Dong Xuebing a ‘not very confident’ reply. “… OK.”
There are only around 30 minutes before the market closed, and Dong Xuebing was bored. He went to the toilet, and when he came out, he looked at the clock in the living room. There’s still 10 minutes before 3 pm. He returned to the bedroom and saw Yu Meixia’s eyes glued to the monitor. She was moving the mouse around clumsily. Dong Xuebing laughed. “Are there any shares that shot up?”
Yu Meixia embarrassedly replied. “I… I don’t know how to use the mouse.”
Dong Xuebing smiled. “It’s alright. Take your time. Let me see.”
Dong Xuebing was stunned when he looked at the list of shares. Eh, how come so many of the shares which had stopped trading from reaching the 10% limit resume trading? Dong Xuebing checked the index graph and understood what happened. A large number of funds had entered the market, and the index is on the rise. All the shares are also moving upwards slowly. Dong Xuebing felt his opportunity is here. He opened a new window to show the top winners and losers list. When Dong Xuebing clicked on the various shares to look at their price charts, a share caught his eyes!
Yi Ling Medical. This new share had jumped from having 20% losses to become one of the top winners today!
Dong Xuebing remembered this company’s share price was at around 30 RMB, and it’s more than 40 RMB now!
Dong Xuebing paused for a while. He never expects to get such an excellent opportunity. Under normal circumstances, the maximum fluctuation a share has in a day is around 20% because of the higher and lower limits. But because this company is a new listing, there are no limitations, and that’s why Yi Ling Medical has such high fluctuations today. Such opportunities are too rare.
OK! This is the share!
BACK 20 minutes!
Everything in front of Dong Xuebing’s eyes flashed!
Dong Xuebing appeared in the toilet and was about to remove his pants.
Dong Xuebing looked at his watch and rushed back into the bedroom. “Sister Yu, move aside, please!”
Yu Meixia got shocked and quickly let Dong Xuebing sit down in front of the PC.
Dong Xuebing quickly click on Yi Ling Medical to look at the graph. The share price of this company is still around 30 RMB. Dong Xuebing quickly opened up the trading software and transferred the 5 million in his bank account into his trading account. After that, he used all his money to buy Yi Ling Medical shares. Five million is not a small amount, and after using all 5 million to buy Yi Ling Medical shares, the price rose by 10 cents.
Yu Meixia gasped. “You… bought the shares?”
Dong Xuebing smiled. “I had included your money too. Err… I will let you have 10,000 RMB.”
Yu Meixia turned pale and looked at the monitor. “Isn’t this share falling? You… you…”
“Don’t worry.” Dong Xuebing stood up and stretched. “We can stop monitoring the market now. We also cannot sell the shares today. We will continue tomorrow. Let’s go and watch TV.”
Yu Meixia frowned. “I… I still want to look at the stock market for a while.”
Dong Xuebing knew 10,000 RMB is a lot to Yu Meixia. He rubbed his nose and sat beside her.
Yi Ling Medical – 30.32 RMB.
1 second… 5 seconds… 10 seconds… the share price remained the same.
Suddenly, a transaction of a few thousand lots came in, and the share price shot up to 32 RMB. A few thousand lots are considered a high transaction because the share prices are considered high for these small companies.
Yu Meixia cheered. “It’s up! The share prices had gone up!”
Dong Xuebing smiled as he felt good to see Yu Meixia so happy. He seldom sees her so cheerful.
32 RMB…
34 RMB…
36 RMB…
In the following 10 minutes, the share price shot up, and when it almost reached 40 RMB, it dropped slightly. But after a while, a few more transactions came in, and the price exceeded 40 RMB!
In the end, Yi Ling Medical share price stopped at more than 40 RMB when the market closed.
Yu Meixia looked at Dong Xuebing excitedly. “Chief Dong, how did you know this share’s price will go up?”
Dong Xuebing lied. “Through analysis.”
“You… you are so smart.” Yu Meixia believed Dong Xuebing.
The next morning, Dong Xuebing and Yu Meixia sat in front of the PC, waiting for the market to start trading.
Trading starts, but Yi Ling Medical share prices did not continue to rise. The current price is about the same as yesterday. Dong Xuebing does not have enough BACK to use and did not choose to hold on to the shares. When the market starts, he sold his 5 million worth of shares. After that, he checked his account, and his 5 million RMB had become 6.8 million!
1.8 million RMB of profits!!!
Dong Xuebing was overjoyed. This time, his returns are much higher than he went treasure hunting. But such opportunities are rare and uses a lot of his power. If not, Dong Xuebing will sit in front of the monitor every day.
Dong Xuebing shut down his PC and gave 4,000 RMB to Yu Meixia. “This is your profit from that 10,000 RMB.”
Yu Meixia looked at the stacks of money and hesitated. “I… I did not come out with any money. You should keep it.”
Dong Xuebing gave her a stare. “We agreed that you would invest 10,000 RMB, and these are the returns!”
Yu Meixia knew Chief Dong is using this as an excuse to give her money, and she is very grateful. “Thank you.”