enjoyebooks Chapter 310 Tomorrow's Warehouse Building
Chapter 310 Tomorrow's Warehouse Building
The next day, July 25th.
At 9:00 AM, the Hang Seng Index opened at 8023, 80 points higher than yesterday's closing price.
Li Ziyu sat in the trading room, three monitors lined up in front of him. Seven traders were also there, each staring at their own screens. No one spoke; only the sounds of keyboards clicking and the occasional mouse click rang out.
After the market opened, the index began to climb slowly, reaching 8030, 8041, 8056...
"The index is still rising," the young man named Chen Ziang said in a low voice.
No one responded.
At 10:00 AM, the index broke through 8100. At 11:00 AM, it reached 8200. At 12:00 PM, the index closed at 8237.
It rose nearly 300 points from yesterday's closing price.
In the cafeteria, several traders sat together eating. No one spoke, only occasionally exchanging glances.
Chen Ziang sat alone in the corner, carrying his plate. He hadn't touched his food much, and his chopsticks held a piece of meat in mid-air, his eyes seemingly looking nowhere.
The market will resume trading at 2 PM.
The index continued to rise. 8250, 8280, 8300...
2:30, 8342. 3:00, 8401.
The market closed at 4 PM, at 8437 points.
It rose by more than 400 points in one day.
At five o'clock, Li Ziyu convened a meeting.
Li Ziyu stood in front of the whiteboard, holding a marker, but did not write anything.
"What does everyone want to say?" he asked.
Everyone remained silent.
"Chen Zi'ang," Li Ziyu called on him, "you speak."
Chen Ziang raised his head. His eyes were a little red, but his gaze remained relatively calm.
"Mr. Li," he said, "from a technical perspective, the right-side confirmation is indeed in place. It's risen 1400 points in three days, with continuously increasing trading volume and capital inflows. If you don't build positions now, you might miss the entire rebound cycle." Chen Ziang said, "According to historical data, a rebound of this magnitude usually lasts at least three to four weeks. We're only on the fourth day now."
The meeting room was silent for about ten seconds.
Then the door opened, and Ling Yun walked in. He was wearing a dark shirt with the sleeves rolled up to his forearms, and he was holding a glass of water. He sat down in an empty seat in the corner without saying a word.
All eyes were on him.
Li Ziyu cleared his throat. "President Ling, what's your opinion?"
"You all want to build a position?" Ling Yun asked.
Everyone remained silent, but it was clear that no one was convinced.
"Just say what you want to say," Ling Yun said. "You don't need to hide anything from me."
Chen Ziang took a deep breath: "President Ling, I want to establish a position."
Give me a reason to establish a position.
"Technical indicators have confirmed the right side of the trend, funds are flowing back in, and market sentiment is improving," Chen Ziang said. "Although the long-term trend may still be a bear market, there is at least a 20% to 30% rebound potential in the short term. Entering the market now offers a safety margin."
Ling Yun nodded. "Your technical analysis is correct. But there's one problem."
Everyone was looking at him.
"You're thinking about normal market fluctuations," Lingyun tapped a button online. "Is this a normal market? Do you think Soros and his ilk came to Hong Kong to make a pittance out of you in the financial markets? How naive!"
Chen Ziang looked down at his hands, which were clenched into fists with his knuckles turning white.
"Then...when will we have to wait?" he asked.
"When they feel the bulls are starting to hesitate, and bearish sentiment begins to grow," Ling Yun said. "When trading volume starts to shrink, when the positive candlesticks start to shorten, when you start to hesitate—that's when the real bottom will come."
He picked up his water glass and took a sip.
"Wait another week."
Chen Ziang glanced at Ling Yun provocatively, without saying a word, but the sarcasm was palpable.
Ling Yun didn't say anything, and didn't even glance at him.
After everyone left, only Li Ziyu and Ling Yun remained in the conference room. Li Ziyu said, "I can tell they're having some doubts."
"Let them murmur," Ling Yun said. "Once they've had enough, they'll get used to it."
Li Ziyu smiled. "You're quite composed."
"It's not that I'm calm," Ling Yun stood up and walked to the window, "it's just that when you know something is bound to happen, you don't rush it."
"Will it go up again tomorrow?" Li Ziyu asked.
"meeting."
"When will it drop?"
"Soon," Ling Yun replied casually.
June 27th, Saturday, no trading.
Ling Yun took An Shiyu to the top of Victoria Peak.
The cable car slowly climbed upwards, the trees on both sides grew shorter and shorter, and the view became more and more expansive. An Shiyu pressed herself against the window, looking down at Hong Kong, where the densely packed buildings grew smaller and smaller until they resembled building blocks.
There was a viewing platform at the top of the mountain, where many people were taking pictures. An Shiyu found a spot, stood still, and asked Ling Yun to take her picture. After taking the picture, she ran over to look at it, frowned, and said, "This one doesn't look good," then went back to stand still.
She was only satisfied after taking several photos.
In the afternoon, they went to Repulse Bay. The beach was crowded; some were swimming, some were sunbathing, and some were playing beach volleyball. An Shiyu took off her shoes and walked barefoot on the sand. A wave crashed over her ankles; she screamed, took two steps back, and then walked forward again.
Lingyun stood on the shore, watching her.
The sun was shining brightly, and the sea breeze was gentle. An Shiyu walked slowly on the beach, occasionally bending down to pick up a seashell, examining it in the light, and then throwing it back into the sea.
Back at the hotel that evening, An Shiyu was so tired that she collapsed onto the bed, not wanting to move.
"Did you have fun today?" Lingyun asked.
"It was fun," she said with her eyes closed, "but it was so tiring."
"Take a day off tomorrow?"
"No need." She opened her eyes. "Where are we going tomorrow?"
"I haven't decided yet."
An Shiyu sat up and looked at him.
"Regarding Li Ziyu's situation," she said, "you don't need to spend every day with me. Just go about your business."
"I'm fine," An Shiyu smiled. "I can shop by myself. Hong Kong isn't dangerous."
Ling Yun looked at her and nodded.
The next day, An Shiyu went shopping in Causeway Bay by herself, while Ling Yun went to the company.
In the office, several traders were working overtime. When they saw Ling Yun enter, they were all taken aback for a moment, then continued to look down at their computers.
Li Ziyu was writing and drawing on the whiteboard in the conference room. When he saw Ling Yun enter, he put down his pen.
"Where is your sister-in-law?"
"I went shopping."
Li Ziyu nodded. "Is she okay alone this weekend?"
She said yes.
Li Ziyu smiled. "My sister-in-law is quite sensible."
Ling Yun didn't reply. He walked to the whiteboard and looked at the numbers and lines on it. Li Ziyu had drawn out the market trends for the past week, including the opening and closing prices, the highest and lowest prices, and the trading volume for each day. It was densely packed, like an electrocardiogram.
"Look at this," Li Ziyu said, pointing to the last few positive candlesticks. "The trading volume was highest on Thursday, and it started to shrink on Friday. The price is still rising, but the volume can't keep up. I don't know when it will start to fall."
"Soon."
Monday, October 6.
The Hang Seng Index opened at 8652, 79 points lower than Friday's close.
In the trading room, several people exchanged glances. Chen Ziang stared at the screen, his fingers hovering over the keyboard, not moving.
The index started to fall. 8600, 8550, 8500...
At 9:30, it dropped to 8420.
At 10 o'clock, it rebounded to 8510.
At 11 o'clock, it dropped back to 8430.
The market closed at 12:00, with a closing price of 8417.
It fell 314 points from last Friday's close.
The market will resume trading at 2 PM.
The index continued to fall. 8300, 8200, 8100...
At three o'clock, it fell below 8000.
In the trading room, someone let out a long sigh.
The market closed at 4 PM, at 7943.
It dropped 788 points in one day.
In the conference room, Li Ziyu and Ling Yun sat together.
"You're right," Li Ziyu said. "It really was a trap."
Ling Yun didn't speak.
"Now?" Li Ziyu asked, "Is it time to start building a position?"
"Wait a little longer," he said.
"What are you waiting for?"
"When they're in despair."
Tuesday, October 6th.
The Hang Seng Index opened at 7824.
It was 120 points lower than yesterday's closing price.
Chen Ziang sat at his workstation, with three monitors in front of him. His face was a little pale, and his eyes were a little red, but his gaze was relatively calm.
The index continued to fall. 7800, 7700, 7600...
At 10:00, it fell below 7500.
In the trading room, someone muttered a curse under their breath.
At 11:00 AM, the index was 7430. At 12:00 PM, the closing price was 7412.
The market will resume trading at 2 PM.
The index is still falling, 7300, 7200, 7100...
At 3 PM, it fell below 7000. At 4 PM, it closed at 6983.
It dropped 960 points in one day.
In the conference room, Li Ziyu sat in a chair, staring at the numbers on the whiteboard. Those numbers were like a mountain, which had just stood tall, but had now collapsed into ruins.
Ling Yun pushed the door open and came in.
Li Ziyu raised her head and looked at him.
"Are you ready to build a position?" Li Ziyu asked.
Lingyun walked to the window. "Let's start building the position tomorrow," he said.