Chapter 370 The experts don't have time to analyze market trends for you; they're all selling stocks!
Before coming to HKU, Xing Baohua consulted with Ms. Fang, Safdie's assistant.
This woman is, by all accounts, his senior.
I have a question about the University of Hong Kong.
The University of Hong Kong teaches according to the Western university model, which is a free and independent approach.
It all comes down to my own self-discipline in learning.
There are no class teachers, counselors, or department heads.
The only person who can manage students is the one standing on the podium, Sun Jiaying from the Student Affairs Office.
The teacher explained the long history of the University of Hong Kong and the outstanding people it has produced to the newly arrived students.
Sun Jiaying spoke in a mix of Mandarin and English because there were a few foreigners in the class.
Finally, I want to tell everyone that the common language of study at HKU is English. Whether it's professors giving lectures or handling other matters, everything on campus is in English.
Students who are not good at English will find it more difficult to learn.
Finally, let me call out names so everyone can get to know each other.
Xing Baohua was surprised that his name was the first one called out.
After Sun Jiaying called Xing Baohua twice, he slowly stood up.
Take off your sunglasses and mask.
Fortunately, it didn't cause any alarm.
It seems that not many people recognize what he looks like.
"Young man, please say hello to everyone. Where are you from?" Sun Jiaying raised her hand in a gesture of invitation.
"Hello everyone, my name is Xing Baohua, and I come from the mainland." After saying that, he sat down.
Sun Jiaying wanted Xing Baohua to say a few more words, but he sat down quickly, so she had no choice but to call on other people instead.
As for what the other people's names were, Xing Baohua wasn't interested; he was currently looking at the information on his pager.
Since his cell phone is switched off, no one can reach him by phone; the only way to contact him now is by pager.
I had my pager on silent during class, but luckily I was bored, so I took it out to check it out.
When I saw it, I was startled.
The message was sent by the head of the finance department.
The speculative investors who were confronting Huahong and the two listed companies suddenly withdrew their buy orders.
Not only were a large number of buy orders being withdrawn, but the company was also releasing a reasonable amount of stock.
The shares of Huahong Telecom and Huahong Bank were basically swept up by speculative investors.
This stalemate can't go on; are the speculative investors planning to exit?
To make a profit before running away, they can only sell the stocks they already own.
If you can't sell at a high price, then lower the price and sell!
As long as you ship at the average purchase price, that's fine.
Xing Baohua wanted to go back to give instructions, but she had to wait until class ended. Leaving in such a hurry would not only be impolite, but also disrespectful to her teacher, Sun Jiaying.
It won't take long, just wait.
Furthermore, two-way pagers can also send messages.
Xing Baohua immediately gave the order: whatever quantity of goods the other party shipped, they would ship the same quantity.
Since the share expansion, Xing Baohua hasn't sold many shares; he's been releasing them little by little, like squeezing toothpaste.
Stocks, there are plenty...
Moreover, Xing Baohua was afraid that after the other party drove down the stock price, they would launch a counterattack.
This happens quite often.
In the stock market, this is often a performance designed to impress retail investors.
After the market maker caps the price, seeing that there aren't many buy orders, they start selling off their holdings. If no one is buying, they continue to drive down the stock price, reducing it to a low level.
At this point, they start stirring up trouble, saying that this stock is doomed and will definitely plummet soon.
Retail investors are actually a strange group. Only a few make money, while countless others lose money. In short, they are completely manipulated by others.
Whether it's a surge or a crash, retail investors are always involved.
When prices surge, some people hold onto their stocks, not knowing what they're waiting for. Perhaps they're waiting for what they perceive as a high point before selling?
Every time I decide to sell, I see the price has risen nicely, so I wait and wait some more.
When prices plummet, they act faster than anyone else.
Only a few people held on and waited for the price to rise further.
That's where the idiom "cutting leeks" comes from.
Speculative investors also see this point; if they want to take stocks from retail investors, they have to use tricks and schemes.
Otherwise, those retail investors who have been holding onto stocks for ages wouldn't make a move!
We need to instill a sense of crisis in them.
Xing Baohua is not afraid of his stocks falling or plummeting.
The stock market rally is unhealthy; it's been artificially inflated, creating a huge bubble.
Like an overblown balloon, it could burst at any moment.
Now is the perfect time to cool things down. If they wait until the stock market crash, Xing Baohua won't need to cool things down; the bubble will burst, and it might even create a small mushroom cloud.
It was difficult to control at that time; we could only wait for the storm to pass before making adjustments.
Going with speculative investors to unload their shares is simply disrupting their plans.
They won't let the stock price fall to their desired level as they wish.
After finally getting through get out of class, Xing Baohua stood up and hurriedly walked out.
Sun Jiaying didn't go out first, but stood to the side, smiling as she watched Xing Baohua quickly walk out of the classroom.
"Hey kid, wait a minute! Hey! That tall guy!"
Xing Baohua seemed to sense that someone was calling him, so he slowed down and turned his head to look back, but did not stop walking.
He saw several unfamiliar classmates chasing after him and calling out to him. One of them was even waving.
There was a loud bang, as if it had hit something.
Xing Baohua suddenly felt a pressure in her chest. It wasn't pain, just a feeling of tightness.
When I turned my head, I saw a foot right in front of my chest.
Look again, a split.
Using Xing Baohua's chest as a support point, he does a diagonal split.
A 45-degree split.
A very unique way of meeting.
My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!
Continue read on readnovelmtl.com
