2003: Starting with Foreign Trade

Chapter 577 The Day of Everyone's Attention

"What did you do?"

In the stillness of the night, Gu Qingqing, who had just finished bathing, dried her hair while looking at Tan Jincheng with a seductive gaze.

At this moment, Tan Jincheng was sitting in front of his computer, chuckling to himself. He looked somewhat sleazy, and the news he was reading was about various sales figures for Changfeng Group and questions about whether Changfeng Group could complete the National III emission standard upgrade.

Tan Jincheng glanced back. Wearing a bathrobe, her long hair was casually draped over her shoulders, and her graceful figure appeared unusually ambiguous in the dim light.

Tan Jincheng put down the mouse, stood up and walked towards her, saying, "Hehe, this has nothing to do with me."

"Look at your sinister smile, who else could it be but you? You're trying to acquire Changfeng Group, aren't you?"

Tan Jincheng gently embraced her and smiled, "You guessed it?"

Gu Qingqing is now a senior executive at ByteDance, and some of the subsequent acquisitions will still require her help, so telling her the plan is no big deal.

"Actually, I guessed it a long time ago. You like to do things quickly and efficiently. The listing process for Flash Technology is so slow, I guess you can't wait that long."

Others might think that Tan Jincheng's coveting of Changfeng Group is wishful thinking, but Gu Qingqing clearly doesn't think so. What wouldn't he dare to do?
"Then why didn't you say so?"

"This is your company's top secret. Even if I guessed it, I couldn't just tell you. So, if I ask you, will you tell me or not?"

Tan Jincheng's hand had already slipped under the bathrobe, and Gu Qingqing squirmed, feeling quite uncomfortable.

"Haha, if you ask, I will definitely tell you, but this matter cannot be revealed to others. For the time being, only Huang Ming, Cheng Linfeng, and I know about it."

Whenever the acquisition of Changfeng Group is discussed, it's always just these three people, without even an assistant, all to maintain maximum secrecy. Although the progress is slow, it's worth it.

At least Changfeng Group's stock price, although fluctuating, still follows the overall market trend downwards, rather than rising against the market due to some sudden positive news or insider information. It should be noted that there are quite a few stocks that rise against the market trend these days.

"Stop touching me. What are our plans for tomorrow during the day?"

"During the day, we'll see. There are too many people and it's hot in the capital right now, so it's not very convenient to go anywhere. If we're free, let Mom and Dad wander around by themselves. It's not convenient for the two of us to go out and get recognized."

Besides overseeing the Olympic Games promotion, the main purpose of my trip to the capital was to bring two families to watch the opening ceremony. I had wanted to watch it in my previous life, but unfortunately, I didn't have the means back then.

These days, it's too easy to get a batch of tickets for the Olympic opening ceremony; after all, they are the exclusive electric vehicle sponsor for the Olympics.

Both families came to watch the opening ceremony, so Tan Jincheng didn't stay in the small house in Zhongguan Village, but in a hotel near the Bird's Nest. Besides, there were seven people in total from both families, so there wasn't enough room for everyone.

"You're overthinking it. There are so many people coming and going in the capital, who would notice us?" Gu Qingqing rolled her eyes at him.

"That's hard to say. When we go out, we always take Brother Li and Sister Liu with us. They look like bodyguards, and we're always afraid that it will attract people's curiosity."

The capital is super safe now, so Tan Jincheng isn't worried about the two families going out on their own. Besides, his father and father-in-law can have more fun if he doesn't go with them.

"Yes, yes, you're right. I think you're just too lazy to go out."

"Hehe, you know that's good. Come on, little lady, let's get rid of them during the day tomorrow, and then we can do *that* during the day."

"No, no, no, we came in a hurry and didn't bring that thing with us. I don't want to use the ones in the hotel."

"No need, we're getting married anyway, what's there to be afraid of?"
-
Silent all night.

The next morning, feeling refreshed, the two had breakfast with their parents and then suggested that they go out and explore on their own.

Tan Lihua and Gu Hongshun readily agreed.

To be honest, this son (son-in-law) is too strong. As elders, they all feel a little uncomfortable in front of him.

"Brother, aren't you going?" Tan Jinyue asked curiously, her big eyes sparkling.

"Your brother and sister still have work to do. Your brother will take you to see something interesting tonight. During the day, you can play with your parents. Be good, okay?"

"Know it."

August 8th is a Friday, a normal workday.

The A-share market opened as usual. Boss Tan tricked his sister into thinking he had a job, but he was actually just looking at stocks in the hotel. Although Changfeng Group has fallen for four consecutive trading days, the drop is not that big.

On the 7th, there were signs of recovery, which is why Tan Jincheng asked Cheng Linfeng to speed things up. The subprime crisis was coming, but Tan Jincheng hoped that Changfeng Group's decline would be faster.

Today, several accounts least associated with ByteDance's stock trading platform began selling off their holdings in line with last night's news, putting some pressure on the market.

"This time, we really shorted ourselves." At 9:30 a.m., Changfeng Group opened at 6.49 yuan, a slight increase of 0.93%, and everything seemed no different from usual.

"Today is the opening ceremony of the Olympics. On such an important day, shouldn't the A-shares market give us some face?"

Compared to most retail investors who don't have time to monitor the market during their work hours, Zhang, a stock investor, is in a much better position. He is a professional stock investor with some family assets. He made a lot of money during last year's bull market and has a place in the VIP room.

"It shouldn't be a big problem. The political situation has to be correct, after all. At most, today will be like the past few days, half dead."

Old Li, also a professional stock trader, answered while eating a fried dough stick. He and Xiao Zhang shared a VIP room. VIP rooms also have different levels, and those with ordinary funds usually share a VIP room.

In essence, it's just a room with two computers where you can trade on your own, and the stock exchange provides some other services. In some ways, it's similar to an internet cafe.

"Sigh, the market has crashed so badly in the last six months. If this keeps up, we won't be able to afford the VIP rooms anymore, and we'll have to move to the lobby," Xiao Zhang sighed.

The market closed at 2727.58 points yesterday, and individual stocks fared even worse.

The A-share market has experienced several bull markets since its inception, but the last bull market was at the beginning of the century. At that time, apart from a very small number of people in big cities such as Beijing, Shanghai and Guangzhou, many people did not know what the stock market was.

In the internet age, the bull market of 2007 is the earliest memory for ordinary stock investors, and also the first time they experienced the epic bear market that followed the bull market. For the vast majority of stock investors, it was their first experience.

"Haha, I told you not to rush to buy more shares, but you still don't believe me. I do have some experience in the stock market. You must not rush to buy more shares during a downtrend."

Old Li is 40 years old this year. He does things at a leisurely pace. Although he has lost a lot this year, his current position is not high, unlike Xiao Zhang, who is now fully invested. And unfortunately, he bought into the automotive industry, which has recently experienced major negative news.

"Sigh, it's no use saying all this now. I don't have any money left to buy more shares. I hope Changfeng Group's stock price drops less today. I'm almost ruined by Tan Jincheng."

"You're talking nonsense. Tan Jincheng bought Changfeng Group shares clearly just for cooperation, not for stock speculation. He can't sell his 5% stake. What does it matter to him whether the stock goes up or down? I told you not to buy in based on the good news that day, but you still insisted on buying in. Who can you blame?"

New investors are often impulsive; they think about buying some stocks as soon as there's good news. Buying stocks based on rumors is almost an inevitable path for every new investor.

Xiao Zhang was also very regretful: "Hey, it's all because their reputation for running away with 6000 last year was so impressive that I was misled."

Old Li analyzed the situation logically: "Your cost is not much higher than Tan Jincheng's. Since he bought it at that price, even if the stock price doesn't rise much, it at least shows that it has value. Although he has money, 1.8 million is not something that can be given away cheaply. Just be patient, it will eventually rise."

“I understand that principle, but when will it recover? I’m already down 35%. Tan Jincheng can wait, but I may not be able to.”

These words left Old Li speechless. He understood this principle all too well. Rich people might just throw some money away and forget about it after a while. When the price will rise is not important at all, but ordinary people can't afford to wait.

Aside from stock trading, it seems that retail investors have no other hobbies, especially professional retail investors.

When stocks are trapped, people look for positive news to comfort themselves, or they find some psychological comfort in seeing that there are more people with better stocks than them. Xiao Zhang is no exception. This morning, he saw a lot of bad news reports about Changfeng Group when he woke up, and he felt a little uneasy.

After the market opened, the overall market and Changfeng Group's stock price remained relatively stable. Changfeng Group's stock price fluctuated between positive and flat, and the trading volume was not very large, which made Xiao Zhang feel a little more at ease.

"Not bad. It seems that the A-shares market is still giving the Olympics some face, as there was no market crash today."

"But it's not very interesting, there's no volume. But as long as it doesn't fall, that's fine. If it holds steady, there might be a rebound. Let's see if there are any Olympic-related stocks and see if we can do a short-term trade."

"Go ahead and look for it. I don't have much money left. I need to keep it in case something unexpected happens to Changfeng, or maybe I can do some T-trading inside to reduce the cost."

"what ever."

Xiao Zhang watched for about an hour, and the stock price of Changfeng Group did not change much. He had been observing this stock for two months since he entered it at the end of May. For the past two months, the stock price had been fluctuating slightly in the first half of the month, rising sharply in the second half, and then returning to its original position within a day.

After observing for two months, Xiao Zhang felt he understood the stock a bit. At 10:45 a.m., taking advantage of Changfeng Group's second dip to 6.37 yuan and subsequent sideways movement, Xiao Zhang bought all 30,000 yuan of his money, intending to find an opportunity to do a T+0 trade to lower his cost basis.

At midday closing, Changfeng Group closed at 6.46 yuan, turning positive once again, which made Xiao Zhang very happy.

"It's turned red again, and the market has turned red too. This stock rose yesterday, and it should rise a little more today. As long as it holds above the 5-day moving average, I should have a chance to do some day trading later."

While inside the Imperial Capital Hotel, Tan Jincheng naturally couldn't monitor stock trends all day like a retail investor, but he did pay attention to the performance of Changfeng Group and the overall market at the close of trading.

He frowned and pondered, "It doesn't seem to be working? Should we add more fire?"

Well, the leeks don't watch the Olympics anyway, so let's give them some excitement. After thinking about it, Tan Jincheng dialed Cheng Linfeng's number, but Cheng Linfeng didn't answer.

After the phone rang for 13 seconds, Tan Jincheng hung up, which was the pre-arranged code.

13 is an insult in the Ningbo dialect.

(End of this chapter)