Chapter 23 Millionaire Please Recommend
When the market opened in the afternoon, Xia Yu came to the Kowloon Exchange and looked directly at the stock price of Mingheng Industrial.
Seeing that the stock price of Mingheng Industrial had fallen a lot and was still falling, Xia Yu couldn't help but be happy. The lower the price of Mingheng Industrial fell, the more he earned.
Since Hong Kong stocks, like U.S. stocks, do not have upper or lower limits, the stock price of Mingheng Industrial fell so miserably.
According to the current stock price, Xia Yu estimated in his heart that the stock price was equivalent to one-fifth of the price at which he placed a short order yesterday.
After a little calculation, he knew how much money he had made now, and a smile appeared on his face.
I bought 1.1 million shares at yesterday's price and then sold them with a short order. The stock price of Mingheng Industrial is now equivalent to one-fifth of yesterday's price, which means that now I only need to spend 220,000 Hong Kong dollars to buy it.
The number of stocks that could only be purchased with 1.1 million Hong Kong dollars yesterday, and Xia Yu’s profit is 1.1 million minus 220,000, which is equal to 880,000.
In other words, based on the current stock price, Xia Yu's profit has reached HK$880,000!
The market has just opened in the afternoon, and after a whole morning of fermentation, Mingheng Industrial's stock price will continue to fall, and will continue to fall for some time in the future, which means that Xia Yuhai can make more money.
Let me talk about the basic rules of short selling here. Without using leverage, the profit of short selling will not exceed 100% at most, and the loss is theoretically unlimited. Therefore, compared with long selling, the risk of short selling is greater, but the profit of short selling
It’s quick money, making money faster than doing long.
Therefore, Xia Yu will not earn more than 1.1 million Hong Kong dollars at most. Now he has a book profit of 880,000 Hong Kong dollars, and there is still a profit margin of less than 220,000 Hong Kong dollars for Xia Yu.
However, even if the stock price fell to one-twentieth of yesterday's price, Xia Yu would still make a maximum profit of 1.045 million Hong Kong dollars. However, based on Xia Yu's analysis, it is estimated that it would be impossible to fall to one-twentieth of yesterday's price. If it falls to one-tenth of yesterday's price
It is still possible, after all, Mingheng Industrial’s problem of false accounting is too serious.
"Let's see if there are any opportunities. If there is a better opportunity, just deliver this short order. If not, just keep it open. After all, tens of thousands of Hong Kong dollars is still a profit." Xia Yu thought to himself.
"Time is urgent, so I'd better write the articles that need to be published tomorrow as soon as possible. I can go to the HSBC Securities Investment Department to check my financial situation for a while. I can't run away anyway!"
Thinking of this, Xia Yu continued to collect information from the exchange and started modeling and analysis.
Time passed unconsciously, and Xia Yu's notebook was filled with dense information.
Today, Xia Yu did not find any explosive information similar to Mingheng Industrial's financial fraud, but he was not disappointed either. He had already been mentally prepared.
The fact that Mingheng Industrial's financial fraud was discovered by him was just a coincidence. It couldn't happen every day. Otherwise, how could the stock market still operate normally?
Although there is no breaking news, Xia Yu also wrote a valuable article, enough to publish it tomorrow.
After all, the first day's success has been achieved, and the popularity of "Jiuding Daily" is also spreading. As long as the quality of the article is not bad and has a certain value, it is completely enough.
Of course, it would be great if we could publish another explosive article like Mingheng Industrial!
It’s just that this requires a certain amount of luck, you can’t force it!
Looking at the stock price of Mingheng Industrial again, Xia Yu thought for a while and said to himself: "It seems that it is time to deliver. There is not much profit to squeeze out. Let's buy the stock that I will recommend tomorrow."
At this time, more than two hours had passed since Xia Yu arrived at the Kowloon Exchange. Mingheng Industrial's stock price had fallen again. The price was equivalent to one-seventh of the price when it was purchased yesterday. Xia Yu's book profit was also
The profit reached more than 940,000 Hong Kong dollars, which was more than 60,000 Hong Kong dollars more than two hours ago.
Horrible!
Counting the previous money and the current profit, Xia Yu's assets have exceeded one million before he knew it. And considering the current situation and prospects of the "Jiuding Daily", the value of Jiuding Newspaper Company has definitely doubled.
After a few rounds, Xia Yu could truly say that his assets exceeded two million.
"Is this how I became a millionaire?" Xia Yu thought in hindsight, feeling a bit dreamy.
"Money begets money quickly!"
Xia Yu was a little emotional. Who would have thought that five or six days ago, his assets totaled only about one hundred yuan. In just five or six days, they had expanded ten thousand times. No one would believe the news.
In Xia Yu's view, the most important thing is the 120,000 yuan earned from the gambling house. Without these 120,000 yuan, Xia Yu would have seen Blue Water Business with only a hundred or so pocket money thrown into the stock market.
He Mingheng Industrial has no chance of making so much money. I don’t know how long it will take for the funds to become as large as they are now.
"The most difficult period of getting rich was passed by me relying on my gambling skills and cheating, and now I have to start showing off my tricks!"
"It's better to deliver the stocks now, and buy the stock recommended tomorrow. The profit should be good."
Xia Yu made a comprehensive analysis of the stock that will be recommended in "Jiuding Daily" tomorrow, and is 90% certain that it will continue to rise, and the room for growth should be quite large, making it worth buying.
And considering that Xia Yu's article will be published tomorrow, with today's performance bonus, coupled with the distribution quantity of hundreds of thousands of copies of "Jiuding Daily", it will definitely increase the confidence of investors and expand the upside potential of that stock.
, when the general trend is formed, without enough heavy negative news, it will be difficult for the price of that stock to fall.
Without further ado, after thinking about it, Xia Yu walked towards the seat of the HSBC Securities Investment Department.
When I arrived at the HSBC seat, I was immediately greeted by someone. It was the staff member who worked for Xia Yu yesterday. When I saw Xia Yu coming over, I immediately put on a warm smile.
"Xia Sheng, you're here! Please sit down!" After the staff asked Xia Yu to sit down, he immediately winked at the person next to him, who immediately brought a cup of tea and put it in front of Xia Yu. (In Xiangjiang, students are
The abbreviation of 'Mr.')
"Xia Sheng, congratulations on your fortune!" the staff complimented, and Xia Yu waved his hands politely.
Today, an article in "Jiuding Daily" detonated Mingheng Industrial, causing Mingheng Industrial's stock price to plummet. The story has long been spread on the Kowloon Stock Exchange. The level of the article has been recognized by everyone. Many elites did not like it after reading it.
Juekou is very curious about the author Xia Yu and wants to know who the master is.
But he knew better. The master everyone was looking for, Xia Yu, turned out to be a young man. He had only been in the stock market for a few days and had made brilliant achievements. First, he used 120,000 yuan in Blue Water Business to make hundreds of thousands of profits.
Then he went short on Mingheng Industrial and made a profit of nearly one million!
And all of this was done by this humble young man in front of me!
If he hadn't handled Xia Yu's financial operations throughout the entire process, he would never have believed that such a talented young man existed!
But now, he admires Xia Yu, a sixteen-year-old boy. He has such vision and ability at a young age, and is very decisive in doing things. His future is limitless. In his opinion, Xia Yu will definitely be among the upper echelons of Xiangjiang in the future.
Chapter completed!