2003: Starting with Foreign Trade

Chapter 578: Flash Elements at the Olympic Scene

"Wait, don't move, something's not right."

At midday when the market opened, Cheng Linfeng had not yet made any move, but then the market situation suddenly changed, and Cheng Linfeng quickly called a halt to his sell-off.

The market was harmonious in the morning, but after the market opened in the afternoon, there were frequent abnormal fluctuations, and the index declined at a visible speed.

"Strange, we didn't see any negative news at noon. The US performed quite well yesterday. Is there something we don't know?"

Cheng Linfeng stroked his chin thoughtfully. His information channels were definitely much better than those of ordinary people. If even he didn't know, then this sudden drop was a bit hard to explain.

"What's going on? Could it be that what the boss did a few days ago was really true?"

Before going to Beijing, the boss told them to prepare US dollars and US stock accounts in preparation for short selling. At that time, and even now, the US stock market is performing quite well, yet the boss was still thinking about short selling!

The scene from last year seems to be playing out again, and it doesn't seem impossible now. Although A-shares won't rise along with US stocks, they will definitely be the first to show signs of falling.

Less than 15 minutes later, Changfeng Group, which was in positive territory at noon, fell by more than 2% due to the influence of the broader market. The market is truly unpredictable.

Inside the VIP room, Xiao Zhang's face was deathly pale; he truly had no money left.

"Holy crap! I just bought it this morning, and it's already dropped more than 2% this afternoon. The market also plummeted. Is this some kind of curse?"

"Damn it, it's the Olympics today, and the market is so uncooperative, it only lasted all morning. These lousy market manipulators!" Old Li couldn't help but complain.

Most retail investors watching the market today had this reaction, but Cheng Linfeng was very happy because he didn't have to do anything and the stock price just dropped.

By 2 PM, Changfeng Group's stock price had fallen by nearly 5%, and trading volume had started to increase, indicating that it had not yet bottomed out.

"It looks like it's going to drop below 6 today. I'll buy some when it's below 6 later."

Cheng Linfeng, who was in charge of the trading room, instructed the traders that he would not follow Tan Jincheng's method of dumping shares. Since others were already dumping shares, he would take advantage of the increased trading volume to collect some more shares.

At a price of 6 yuan, with a total market value of 24 billion yuan, even if Changfeng Group were facing bankruptcy, it would be worth more than that. The 2 off-road vehicles purchased by the government each year alone are enough to make Changfeng Group worth that price.

The boss's desire to acquire Changfeng Group shows he has a truly keen eye.

Tan Jincheng didn't understand any of this and thought that Cheng Linfeng was carrying out his plan to dump the stock. When he saw the stock price heading straight for around 6 yuan, he stopped paying attention.

"Let's go out for a walk, we don't need to go far, just to feel the excitement of the Olympics." Tan Jincheng turned off his computer.

Gu Qingqing smiled and said, "Didn't you say you couldn't tell anyone?"

"Hehe, now that we've gotten rid of them, they're having a better time. Let's dress up a bit and go out for some fun too; it's so boring staying cooped up in this hotel."

"Okay, I'll go change my clothes, let's go."

Gu Qingqing was also a little bored. Apart from dealing with some work, she spent her time watching the stock market trends with Tan Jincheng. This kind of thing was too low-end for them.

If he weren't bored, Tan Jincheng really wouldn't have stared at this broken trend for so long.

The trading hours for A-shares are limited, perhaps to minimize losses for retail investors. At 3 PM, not long after Tan Jincheng and Gu Qingqing left home, the A-share market had already closed.

The market suddenly turned volatile this afternoon, and contrary to expectations, it did not give the Olympics any special treatment. The Shanghai Composite Index fell by 4.47% today, closing at 2605.72 points. The sharp drop in one day has severely damaged the market's vitality.

Changfeng Group's stock price fared even worse, nearly hitting the daily limit down at one point during the day, and closed at 5.88 yuan, a sharp drop of 8.55%, a truly dismal performance.

"Damn it, I've lost almost 10% of my last 30,000 yuan. If this keeps up, I'll really have to move out of the VIP room." Xiao Zhang cursed angrily.

Old Li smiled wryly: "If prices keep falling like this, we won't be able to get into any VIP trading rooms anymore. We'll all have to find jobs. What's the point of trading now?"

Being a professional stock trader during a bear market is the most agonizing, and he knows it all too well. However, Zhang, who is experiencing a bull market followed by a bear market for the first time, is clearly unable to accept it. He is currently wondering how to make some more money.

"Take my advice, brother. Don't be too greedy. Stock trading should never affect your life. Don't touch these stocks anymore. Day trading is a minor trick. If the stock price doesn't rise, even the biggest day trading won't make much difference."

Unfortunately, Xiao Zhang couldn't listen anymore, so Lao Li could only sigh helplessly and leave.

"Entering the market during a bull market is probably the worst thing for retail investors."

After hanging up the phone, Tan Jincheng sighed, "Those who have experienced a bear market are very cautious when making market moves. Even if they do lose money, it won't be much. It's often only the newbies who have made money in a bull market who get incredibly arrogant, calling themselves stock market gurus. The so-called bull market is nothing more than an amplifier of desire."

The call was from Cheng Linfeng. After the market closed, he reported to Tan Jincheng the adjustments he had made in response to the changes in the market that afternoon. Tan Jincheng did not comment on his timely changes.

Ultimately, if he could conduct business honestly, he wouldn't want to get involved in these underhanded dealings. Tan Jincheng knew the capabilities of the China Securities Regulatory Commission (CSRC). Apart from stock price fluctuations, any company that received an inquiry letter from the CSRC was bound to have some problems to some extent.

Tan Jincheng didn't think he could hide his actions from the China Securities Regulatory Commission. Although this matter wouldn't offend him, it was ultimately not a good thing.

It's certainly a good thing that we can bring down the stock price without having to do it ourselves. According to Cheng Linfeng, Changfeng Group's stock price is about to bottom out. Today's near-limit-down trend and the total trading volume for the day was less than 2000 million yuan.

It's obvious that it's mostly retail investors selling off; the big institutions and large investors have basically all run away.
"Alright, the trading volume isn't high, so be careful when you buy. Don't make any big moves that might attract attention. There aren't that many shares left on the market. The main thing is to find an opportunity to contact Xiangcheng City Investment."

"I understand. I'll see if there are any good opportunities. I guess they're getting anxious right now. I heard they were planning to issue bonds a while ago, but it seems like that won't be going to happen."

It was indeed a difficult task to discuss this matter with Xiangcheng City Investment Group, and Tan Jincheng was also having some headaches about it.

Well, let's just take it one step at a time.
-
"Have friends come from afar!"

"Have friends come from afar!"

Thousands of voices rang out in unison, creating a grand spectacle. The flashing lights and the atmosphere were indescribable. Little Tan Jinyue was shouting with excitement as she watched.

Tan Lihua said helplessly to her daughter in her arms, "Don't jump around, you'll fall."

Having a daughter late in life, she's not close to him at all; it's hard for him to even hug her for a short while. He spent the whole day playing with her today, and they finally got a little closer, but she only clung to him in the evening.

However, he was also caught up in the atmosphere and felt incredibly excited.

"Holy crap, that's absolutely spectacular! It's so worth it to experience it in person!" Tan Jincheng exclaimed, equally amazed.

He had seen this thing on TV in his previous life, and the scene alone was already very impressive. However, the atmosphere at the scene was completely different. The cheers were deafening throughout the entire stadium. It is said that the Bird's Nest does not record audio, but now all he could hear were shouts.

"Be careful, there are a lot of people around here, including Jin Yue. Don't swear," Gu Qingqing shouted in the same loud voice.

The atmosphere was so lively that it was impossible to hear anything if the voice wasn't loud enough.

"Young people should have character, and such a lively atmosphere is the perfect time to express it."

Gu Hongshun also laughed heartily, looking at his son-in-law who was full of vigor.

Men, it's no big deal if they swear a few times. Speaking of which, we have to thank this good son-in-law. Without him, our family would never have had the chance to witness this scene.

Like Tan Lihua, their generation has a very high sense of national honor, and being able to witness it in person makes them feel that their lives have not been in vain.

"Look, look! Aren't those electric bikes from Xiao Tan's company?"

After a moment of fervor, the sharp-eyed Gu Hongshun suddenly pointed to the electric vehicle lane on the side of the field.

"Haha, let me see." Tan Jincheng squinted at it.

Their location was good; the scene was filled with Flash Motors electric vehicles. Tan Jincheng glanced at them and saw that there were about several dozen vehicles, some two-wheeled and some four-wheeled. This batch of electric vehicles had been officially delivered to the Organizing Committee at the end of July.

The Organizing Committee had very high requirements for these electric vehicles. Fortunately, Tan Jincheng had been paying attention to technological accumulation over the years, and with the help of some knowledge from later generations, he had some things that were considered cutting-edge technology in this era.

To be honest, there aren't many companies that can meet the requirements for electric vehicles, according to the Olympic Organizing Committee's requirements. To be honest, even Yadi is not qualified, and only Xinri can pass the test.

"Awesome! I'm involved in the construction of the Olympics too! This car is really cool, haha."

The car's design is at least 10 years ahead of its time. The gold and black color scheme is very eye-catching. In addition, the accessories and lithium battery are also very advanced in places that are not visible.

It can be said that the technological accumulation in this batch of cars required by the Organizing Committee is enough to keep Flashy ahead of its competitors for at least five years.

Although Tan Jincheng values ​​technology, Flash would not have attached such importance to it without the requirements of the Olympic Organizing Committee. Sometimes, the impact of a key project on a company is not just about brand enhancement.

No wonder so many brands are scrambling to become Olympic sponsors; the benefits are truly immense for Flashpoint Technology.

(End of this chapter)