Counterattack 1990

Chen Dong woke up and found himself reborn in 1990, a time when gold was everywhere. Carrying the regrets of his past life, he started by selling tea eggs...

Financial crises, oil crises, gra...

Chapter 132: Unexpected profit of US$27.05 million!

The midday session has begun.

The real estate sector is gaining momentum.

A large amount of capital has flowed into individual stocks in the real estate sector.

In just a few seconds.

The share price of a leading real estate stock was violently boosted by 5%.

Other stocks in the sector also saw significant gains.

Looking at the intraday chart, it's a straight upward-pointing bullish candlestick with rapidly increasing trading volume.

This boosted their morale.

The market index recovered and stabilized above the key level in a very short period of time.

"Boss, the real estate sector has stepped in to support the market."

Upon hearing this, Chen Dong walked to the computer.

On the screen is the intraday chart of the leading stocks in the real estate sector.

The rightmost part of the intraday chart displays the order book data.

It's actually a fishing rod-style pull-up?

Chen Dong smiled and said.

"Ignore him and quickly sell off the remaining stock you have."

"Okay, boss."

The trader responded by proactively selling the remaining shares at a price not exceeding 500,000 yen per unit.

On the side.

Malaysia asked curiously.

"Mr. Chen, what is a fishing rod pull-up?"

Before Chen Dong could answer, Lu Zeng interrupted.

"I know, I know."

"This is a way for major players to simultaneously buy up and sell off their holdings."

The fishing rod-style pull-up technique became extremely common in later generations.

This is a way for major funds to unload their holdings; it can be understood as a way to lure in more buyers.

However, this method of boosting prices was rarely used in the stock market in 1990.

Ma Guoliang is not a professional trader, so it's normal that he didn't know this.

Chen Dong glanced at Lu Zeng with some surprise.

Unexpectedly, there were still talented people in my team.

"Lu Dachui is right."

Chen Dong nodded and made a joke with a smile.

The latter lowered her head shyly.

Lu Zeng never expected that his nickname "Lu the Hammer" would reach Chen Dong's ears.

Lu Zeng suddenly felt like he'd just slept with a dog, wondering what Chen Dong would think of him.

I felt both overjoyed and extremely apprehensive.

Fortunately, Chen Dong didn't care about any of that.

He pointed to the intraday chart displayed on the computer screen and said.

"Manager Ma, look at this straight line, we also call it left-side trading."

"The chart pattern created by the main players using large orders to absorb the sell orders above creates the illusion that the stock price has been violently driven up."

"If you look at the right side of the straight line, after the stock price is blocked, there are obvious waves, but its trend is always downward."

"Soon, the stock price will be brought back to its original level, and on that basis, there will be a sharp drop."

The words had barely left his mouth.

The stock price movement on the intraday chart was exactly as Chen Dong had predicted, almost like a pre-show.

Upon seeing this.

Chen Dong smiled faintly and continued.

"The major players place three large sell orders at the top three price levels, while placing no sell orders or only a few buy orders at lower price levels."

"Then, the major players in the market will continue to buy up the sell orders at higher prices by repeatedly trading back and forth, thereby driving up the stock price and enticing bulls to buy in."

"Because the buy orders at the lower end are extremely small, short sellers who want to sell have no way to start."

"In terms of trading volume, there is a significant difference between the trading volume of foreign and domestic markets."

"Sometimes, the volume of external orders can be several times, or even more than ten times, that of internal orders!"

"But the increase in stock price was disproportionate, which is a fishing-style price surge."

really!

Chen Dong's words came true once again.

The Nikkei index encountered resistance just as it rebounded to a certain level.

Immediately afterwards.

The index turned downwards and plummeted rapidly at an alarming pace.

point.

point.

point.

In a short period of time, the Nikkei index plunged nearly 200 points, with the decline widening to -0.48%.

This scene stunned everyone.

"Boss, the index has plummeted."

Li Jun stammered a bit when he spoke, and the way he looked at Chen Dong was as if he were looking at God.

That's incredible!

If you could learn even a trick or two, you might not become rich and powerful, but you could at least live a life free from worries about food and clothing.

Rumble!

It was as if countless thunderclaps were exploding in Ma Guoliang's mind.

At this moment, his mind was clear.

Several things that were originally shrouded in mystery were connected and he saw through them all at once.

Wow, that's brilliant!

No wonder he's a senior executive at HSBC.

No one who reaches the top ranks of a multinational bank is an idiot.

No wonder the HSBC Asia Pacific CEO promised him the position of Client Manager.

In Ma Guoliang's view, the position of Asia Pacific Customer Department Manager is like a meteoric rise, leaping across countless levels.

It turned out that Mark had long ago realized that Chen Dong was no ordinary person.

Ridiculous, absolutely ridiculous!

I was so stupid to only realize that now.

An investment of HK$1 billion is no small sum.

They confidently entrusted Chen Dong with managing the business.

Beyond the performance-based agreement, what was more important was that HSBC executives valued Chen Dong's abilities.

They were willing to place a heavy bet on him and take a gamble.

What a vision!

They really lost the watermelon to pick up a sesame seed.

Whether it's for myself or Chen Dong's exclusive account manager.

Given Chen Dong's earning power, isn't his share of the profits more appealing than that of an Asia-Pacific account manager?

This thought came to mind.

Ma Guoliang was practically beating his chest in despair; he was filled with regret...

no!

We must not sit idly by and wait for our demise.

Chen Dong's image as a powerful figure has become deeply ingrained in people's minds; everyone wants to curry favor with him.

My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!