Chapter 54 Hot Springs
The time came to May 1992. Since the new stock was listed in March, the subscription certificate was actually sold for only more than 2 million, which was much less than the expected 10 million shares, so the winning rate has increased a lot in disguise. When the first lottery was won, it was as high as 10%. There were seven new stocks in total, and the most sought after were the stocks of Yanzhong Industrial and Ershim Machinery.
The Shanghai Composite Index is also rising continuously, rising to more than 600 points, but Zhao Shucheng knows that it is in decline, not to mention that the stock price is a bit too high now. Not to mention, the vacuum electronics purchased by Zhao Shucheng will rise from 100 yuan per share to more than 2,000 yuan per share, Feile Audio also goes from 50 yuan per share to more than 400 yuan per share, and Yuyuan Mall even rises from 100 yuan per share to a price of nearly 9,000 yuan per share.
Such a stock market is abnormal. As long as there is a little turmoil, it will cause the stock market to collapse, and it is inevitable that the stock price will fall, so Zhao Shucheng decided to start selling the stocks in his hands.
Of course, Zhao Shucheng did not sell them all at once. Although Zhao Shucheng only had a few thousand shares of these stocks, it was not a big order in later generations. However, in this era, the daily trading volume was only a few hundred shares. If it was sold out in one breath, it would have to smash the market. Why did there be such operations in a large-scale office? Isn’t it because of the panic of the large-scale accountants? After all, a transaction of a large-scale account can account for more than half of the transaction volume that day, and its influence on the market is too great, so the large-scale accountants are allowed to operate in the large-scale accountants and prevent more people from knowing the news.
As the stocks in Zhao Shucheng's hands began to be delivered one after another, the stock market became more active than before. After all, many people wanted to buy stocks before, but they could only buy new stocks. On the contrary, because the number of the old eight-sellers in the past was not large and the market has been rising, most of the people who hold stocks were reluctant to sell.
Many people naturally quickly took it when they saw that there were sell orders in the market. There was no impact on Zhao Shucheng's selling, but the stock price directly led to a daily limit.
However, Zhao Shucheng knew that all this was temporary. When the Demon City completely liberalized the stock market, the stock market would usher in its first sharp drop.
But many people are not aware of this matter. Instead, looking at the rising stock prices, everyone feels that the market is optimistic, and even stocks will never fall. Every day, new investors continue to pour into the market and continue to chase the rise.
Ye Qi actually learned that Zhao Shucheng had started selling and cashing out, so she couldn't help but ask worriedly: "Hongchang, is it because you are selling stocks? Is there any problem with the stock market now?"
Zhao Shucheng smiled and said, "It's not a big problem. It's just that the stock market has been rising for many years. Such a market is abnormal. It's normal to have risen and fall. Moreover, there are some problems with stocks now. The price of a single stock is too high. Yuyuan Mall is as high as 9,000 per share, which is already the largest number that the exchange can display now. If it continues, the price will not be visible in the market. Stock market adjustments are inevitable, and I am also preparing to get involved in other investments. I can only play with more than one million yuan. I can't invest all my money in it. Otherwise, there will be a turmoil and I can't really lose everything, right?"
Ye Qi didn't believe Zhao Shucheng's words, but Zhao Shucheng had never made any mistakes, which made her a little suspicious. So even though the market was optimistic, she also cashed out the stocks she bought after winning the subscription certificate.
The facts proved that Zhao Shucheng was right. Since the market was released in May, it has jumped high, directly jumped from the original 616 points to 1260 points, and even reached 1420 points three days later. The market value of Wuwei New Stocks soared 25 to 30 times.
When everyone was having a carnival, only Zhao Shucheng knew that all this was just a flash in the pan. Sure enough, since the 25th, the market began to move from high to low, and continued for several months without any improvement.
Not to mention that the stock market is now not only the original eight-seller and new seven-seller stocks, but also 34 new stocks will be listed at one time in June. This will undoubtedly disperse many stock investors and give retail investors more choices, and no longer blindly stare at the only stocks they originally had.
Zhao Shucheng only strategically bought a few new stocks, but most of them were concentrated in some physical industries, and each stock bought at most about 50,000 yuan. As for whether to make money or lose money later, it is not something Zhao Shucheng needs to consider. Anyway, these stocks are long-term investments, and even if the stock price may fall now, it will rise sooner or later. As long as you are not unlucky to encounter those stocks that fall below the issue price or even delist, you will not lose too much.
After all, Zhao Shucheng is just a long-term investment, not a short-term speculation like those who trade stocks. They may suffer heavy losses due to stock declines, or even cut losses, but Zhao Shucheng has the strength to support him until he can protect his capital or even make a profit.
By August, after the end of the four lottery draws of the year, the issuance of new stocks was completely over. Zhao Shucheng no longer paid attention to the situation in the stock market, but instead began to inspect Pudong and prepare for new investment.
Zhao Shucheng went by himself, Ye Qi also had to work in a securities company, and Yang Maixiang gave birth to a daughter in July, and spent all day with her children at home. After the full month, she even took the child back to her hometown.
When Zhao Shucheng was wandering around Pudong, he was walking there alone, constantly comparing with the former magic capital Pudong in his memory. It was still a wilderness, but who would have thought that this place would develop so well in the future?
At this moment, I heard someone shouting behind me: "Liu Hongchang!"
This chapter is not over, please click on the next page to continue reading! Zhao Shucheng was a little surprised when he heard it. You must know that he has no acquaintances in the Demon City, so how could anyone call his name? Could it be that it is a duplicate name? Then he has to see who the other party is.
After turning his head, he saw a young man riding a tricycle and stopped directly beside Zhao Shucheng.
Zhao Shucheng then recognized that this was Lu Jiangtao who bought a subscription certificate at the beginning of the year. The two of them had never seen each other again since then, and this was the first time they met.
"It's you."
"Yes, brother, it's me, why are you here?"
Lu Jiangtao looked at Zhao Shucheng curiously because Zhao Shucheng is now wearing a suit and still has leather shoes, and it is not appropriate to follow the wilderness at all.
"Oh, I heard that Pudong is developing in large quantities, so I'll see if there are any business opportunities. But why are you here?"
Lu Jiangtao patted the handlebars of his tricycle and said, "Hey, since last time, I think what you said makes sense, so I did my old business and collected junk. Isn't this also because I heard that there are many opportunities here, so I came here to take a look."
As he said that, he thought of something and said, "By the way, I'll send it to you wherever you go. Thank you for the last time."
"Thank you, I should thank you. You made me earn a lot of money."
When Lu Jiangtao heard this, he smiled and said, "This money should be earned by people like you. I don't know anything. Even if I give me a chance, I can't catch it."
He was not without regret in his heart. He would never have thought that his blank subscription certificate had such high value. Although he no longer made a subscription certificate, just listening to the comments of those neighbors, he knew that a subscription certificate had been sold out to several thousand yuan. He did not make a lot of money in vain, but he would not blame Zhao Shucheng, because if it weren't for Zhao Shucheng, he might have been cheated of losing all his money. Besides, even in his hands, he would not be able to make this money.
What's more, when Zhao Shucheng bought it, he had already told him that the subscription certificate might increase the price or even make ten times the profit. He was willing to sell it himself, so he naturally had to admit defeat.
However, Lu Jiangtao is not really a fool. Since he heard Zhao Shucheng say that this thing may be very old and returned the capital to Boss Wen, he has also bought several subscription certificates for the money he earned. Although he has no money to buy stocks, he can buy it for others and make money by replacing it.
"Brother, we met again, which also means that we are very destined to be together. In this way, I will treat you to a meal, how about it?"
Zhao Shucheng looked at him and said, "Okay, where can we eat?"
Lu Jiangtao said: "I know the delicious noodles for the family, so we will go where to eat them and introduce my brother to you."
Zhao Shucheng nodded and said, "Okay, when will we meet there?"
"No need to be so particular. You get in the car and I'll take you there."
Zhao Shucheng didn't dislike it, so he got on the tricycle and asked Lu Jiangtao to ride a bike in front and take him to his so-called noodle shop.
However, what Zhao Shucheng did not expect was that Lu Jiangtao took her directly to a shanty town in the city, and the noodle restaurant was directly a roadside stall.
Zhao Shucheng did not dislike it. After all, many delicious places are not in the so-called large restaurants, but in the street fly restaurants, which have their own unique survival skills.
Lu Jiangtao asked him to do it first, but he went to find his brother. After a while, he brought the two of them here, one was a man and the other was a woman, with short hair in his ears.
Zhao Shucheng didn't care at first, but when he saw the woman's face, he couldn't help but be stunned. Why does this look so much like Zhu Li?
Then I heard Lu Jiangtao say, "Brother Liu, this is my good brother who collects junk together, Feng Li, this is Wenquan, the daughter of my brother's master."
He actually wanted to say that he was his girlfriend, but the two had not yet confirmed their relationship, let alone Wenquan's father, Boss Wen, was very opposed to being with his daughter. So he could only introduce Wenquan like this.
Zhao Shucheng was stunned when he heard this and said, "Hello, by the way, Miss Wen, is your hot spring spring a spring or a spring water spring or..."
The hot spring smiled and said, "It's the hot spring of the hot spring."
Chapter completed!