257: Crisis and rebirth: Wang Lin raises his stake in Juntu Motors!

Looking at these messages, that veteran Stock Investor who often hung out on the Juntu Automobile Stock Bar gazed at the chips in his position, more than half of which had already been sold at the limit up.

A smile flickered across his lips: "Based on my understanding of this stock, it will definitely be able to rise in the next few days!"

"Therefore, the time it hit the limit up today was the best opportunity to Dump Stock. Of course, those who didn't sell at the limit up can still sell now, because it will definitely be Dumped Stock by the main force below the water line today, at least down by 3 points!!"

"When that happens, buy low, and then sit back and wait for the rally!!"

He had been using this trading method for several months, and it almost never failed.

Unless there were external factors, or force majeure events like the rally or crash of the entire sector.

But today, although he was watching the stock's trend after replying to the messages from those new Stock Investors.

The more he watched, the more he felt he couldn't quite understand today's trend.

Logically speaking, at this point, the stock price should have already avalanched, rather than maintaining a high position of over 8 points.

He hesitated slightly. Abnormalities imply something strange is going on; his understanding of this stock had definitely reached a profound level.

His subconscious mind told him that he needed to buy it back now!

But, his experience over the past few months told him not to buy; if he bought, he would definitely get scammed.

Anyway, he still had a small base position, so even if it really hit the limit up, he would still be making a profit.

Thinking this way, he felt at ease and continued to watch the market.

Those Stock Investors who saw his message finally started to Dump Stock one by one.

Over 8 points, only a little over 1 point away from the limit up; Dumping Stock at this time was no different from selling at the limit up.

Otherwise, if it really turned out like he said, and avalanched to below 3 points later, that would be a huge loss!!

Inside Junlin Finance.

A Trader said: "Report, a large number of small orders are starting to sell, and we are currently absorbing them!!"

Wang Lin was scanning the Stock Bar at this moment; he still had the habit of reading Stock Bar messages.

Upon checking, he discovered the general reason, because most of that Stock Investor's messages were in the Juntu Automobile Stock Bar!

"So there's a veteran Stock Investor here, but I'm specifically targeting veterans!"

Wang Lin shouted to Zheng Huan: "Alright, you can completely seal the limit up now. I estimate that those main forces should be sensing that something is wrong by now!"

Zheng Huan received the boss's order, and the next moment, a large bullish candlestick shot up into the sky on the market display!!

Of course, before the rally, they habitually Dumped Stock by a point.

This time wasn't long, just a short 10 seconds.

But for those Stock Investors who were constantly watching the market, these 10 seconds felt like a year.

They watched helplessly as the stock price fell, with the things that veteran Stock Investor had said earlier playing in their minds.

Some who were not firm in their resolve were scared out directly.

And those who had just bought in today could only stare blankly, unable to operate.

This is also one of the advantages of the A-share market's T+1 system; buying on the same day locks the position. Sometimes, if you are lucky, you can avoid being shaken out because you are passively holding the position.

10 seconds later, Wang Lin's side finally showed their hand; no more acting, I just want your chips!!

50 million in funds shot up, aiming straight for the limit up!!

"Damn, awesome!?"

"What the hell, it hit the limit up instantly from 7 points; what kind of trick is this?"

"Juntu Automobile has some substance!"

"I don't know which Hot Money big shot is pulling up the price today, this strength is so impressive!!"

"I actually feel like it's Institutions fighting!!"

"That's impossible; Institutions wouldn't choose to buy such trash stocks. They prefer using bulldozer-like methods to buy large stocks and blue-chip stocks!"

"Damn, I sold at 7 points and missed the rise. main force, were you just missing my last bit of chips? It took off right after I sold?"

"It's a good thing I bought in the morning; I couldn't have sold during the trading session anyway, otherwise I would have missed it again!!"

"It seems that in this battle between bulls and bears, the bulls have won!!"

That veteran Stock Investor who was guiding others to sell on the Stock Bar was stunned when he saw this situation.

He watched helplessly as the sell orders at the limit up went from 30 million all the way to over 90 million.

In this situation, it's probably very difficult to break the limit up.

"This shouldn't be; how is this possible?"

He knew that he might have really missed the rise!

Juntu Automobile has been eyed by big capital!

And the main force of Juntu Automobile was equally dumbfounded at this moment.

Damn it? What's going on? Is this newly arrived river-crossing dragon this strong?

How much money have they dumped in total? I'm afraid it's at least 300 million, right?

If you add the mid-way rally and market protection, it's probably already 400 million.

In the entire A-share market, besides Institutions, there are only a few people among the Hot Money who have this kind of strength.

The main force's trading room had now become quiet.

They gazed at the market, not knowing what to say.

Missed the rise? Did the river-crossing dragon wash out their main force's position?

If there's another gap-up opening tomorrow, what should we do?

"In my opinion, let's just stay put today; we don't have many chips left in our hands. If it rallies again tomorrow, we can act according to the situation!"

"Yes, let's check the dragon and tiger list first today!!"

"This stock, moving like this today, I have a guess: has their chairman already found a white knight?"

"Let's take it one step at a time; today is the first time this stock has slipped out of our control!!"

These main forces looked at each other, and in the end, they could only say these things.

Juntu Automobile's limit up this morning lasted until the very end without opening.

This also made those who missed the rise slap their thighs repeatedly.

Judging by today's situation, it's probably destined to take off tomorrow.

A few Stock Investors were still analyzing it in a plausible manner.

"This stock has been continuously increasing in volume every day during this period, and every time it was pulled to the limit up, it was Dumped Stock, but today it wasn't. This is a signal, a signal for a crazy rally!!"

"In this kind of bull market, what's missing is this kind of company with imagination!!"

"Juntu Automobile has imagination? Don't be ridiculous!!"

"It seems you really don't understand. The more a company is about to go bankrupt and be liquidated, the more room for imagination it has in a bull market, because its stock price is low, its market value is low, it has core technology, and it has the imagination for hype; it's simply perfect!!"

"I think you're just fantasizing; this thing is impossible. The current big bull sector is finance!!"

Wang Lin also saw the chat among these Stock Investors.

Come to think of it, one person was actually right.

Juntu Automobile really is a embryo of a speculative stock.

The points he mentioned were exactly the points Wang Lin liked.

But what Wang Lin valued most was the technology, because he really wanted this company to engage in real industry.

On that afternoon's dragon and tiger list. The top three buying seats for Juntu Automobile were all Institutions buying heavily.

Wang Lin did not use his main force Hot Money seat; that seat was not for current use.

The appearance of Institutional seats further confirmed the suspicions in some Stock Investors' hearts.

Juntu Automobile definitely has some news.

The large-scale buying by Institutions is still very attractive.

Even if everyone says Institutions are idiots or garbage, if a stock gets Institutional buying that seals the limit up as if money is no object, then this stock definitely has some good news that everyone doesn't know about.

Wang Lin didn't bother looking at the subsequent discussions.

He started buying countless chips from floating shareholders through block trades using independent accounts under his control.

And his operation was very sharp; he bought them directly at a 5-point premium, buying as much as he could get!!

For this operation, Wang Lin still used his old acquaintance, Sun Jianguo from CITIC Securities.

"Old Sun, there's a big deal this time, but it needs to be done through other business departments of your company. I want to buy Juntu Automobile through block trades!" Wang Lin dialed Sun Jianguo's phone and said.

Sun Jianguo had also seen the battle between bulls and bears for Juntu Automobile today. When he heard Wang Lin say this, he instantly understood; so, the bull this time was Wang Lin!!

Sun Jianguo immediately nodded and said: "Rest assured, President Wang. I will report this matter directly to the headquarters, ensuring absolute confidentiality in the procedure. Apart from me and the boss at headquarters, no one else will know!"

"Uh, I'll take the liberty to ask, are you planning to announce a stake in Juntu Automobile?"

Wang Lin smiled and said: "What, is the intention very obvious?"

Sun Jianguo chuckled: "The funds used just for buying at the limit up today are already over 200 million, plus the rally and market protection, I'm afraid you already have over 500 million in chips in your hands, right?"

"So, if you are using block trades to acquire chips from floating shareholders now, if not for announcing a stake, then what is it for?"

"And when you announce the stake, your identity will no longer be able to be kept secret, so you must take advantage of this time to acquire as many chips from Retail Investors and small shareholders as possible!!"

Wang Lin felt a bit of emotion. It seems that Sun Jianguo being able to sit in this position means he isn't completely incompetent. He has some substance.

However, there were some deeper things he didn't understand. Wang Lin didn't intend to explain; the fact that he could see this much was enough.

"Not bad, Old Sun, you have insight! Go talk to your headquarters leadership; I want chips for the next few days, no matter how many!!"

Sun Jianguo also understood Wang Lin's determination; he had to hold onto this thigh tightly.

"Rest assured, President Wang, leave this matter to me!!"

After hanging up the phone. Sun Jianguo made a call to his old leader at headquarters: "Leader, there is a matter I need to trouble you with!"

Sun Wei at the Beijing CITIC headquarters saw this call and felt a bit confused. What is this kid calling me for at this time?

"What, what could you possibly need my help with on your end? Discovering Brother Lin's achievement alone is enough for you to live off of for a lifetime!!"

Listening to the leader's teasing, Sun Jianguo also smiled and said: "Just good luck, just good luck. I'm coming to you this time because of his business!"

Hearing this, Sun Wei instantly sat up straight. The newly appointed richest man in China actually has something to ask me?

In that instant, many hypotheses surfaced in his mind, one of which was whether Brother Lin had some acquisition or something else that was inconvenient for him to handle personally, and thus required their assistance.

As expected!

Sun Jianguo continued: "Brother Lin has taken a liking to Juntu Automobile and wants to sweep up shares through block trades! At a premium of about 10 percent, buy as much as possible!"

Juntu Automobile?

Sun Wei pondered for a moment, and then Sun Jianguo heard a clattering sound from the other end.

After a long while, he frowned and said: "Was it Brother Lin who drove the market today?"

Sun Jianguo nodded: "Yes, Brother Lin must have taken a liking to this company. I don't know if he wants to acquire it or what he's planning!!"

Sun Wei didn't think that much. He said in a deep voice: "Don't try to guess what the tycoon is up to. Your task is to assist him in accomplishing what he wants to do and maintain the relationship between Junlin Finance and our CITIC Finance!"

"Look at our brother unit, CITIC Trust, this time; they made a fortune, and you, kid, earned quite a lot in bonuses too!"

Hearing this, Sun Jianguo smiled embarrassedly.

Indeed.

In this siege of the real estate trust business of Goldman Sachs Group in the Asia-Pacific Region, CITIC Trust was the one that profited the most.

Of course, they also put in a lot of effort.

But with some things, you don't fear putting in the effort; what you fear is putting in the effort and getting no results.

Sun Wei said: "Wait for me a moment. I'll check at the headquarters how many shares of this company our group holds, and then we'll send our shares to Brother Lin, calculated at 0 premium."

"This can be considered our sincerity!!"

"At the same time, I'll go post orders later to see if there are any public or Private Equity Funds, or insurance asset management companies that need to sell this stock."

Listening to his leader's arrangements, Sun Jianguo was thoroughly convinced: "It really has to be you!"

Sun Wei smiled and shook his head: "You kid, when I sent you back to your hometown for training, I originally planned to transfer you back to the capital after the training ended, but who knew you would have such good luck, you hit the jackpot!!"

"Now, I don't know how many people are coveting your position and want to go to Zheng County to develop, but they probably understand that this kind of friendship won't happen again, so they gave up."

"Otherwise, do you think I could withstand this kind of pressure? There are so many kinds of pressure that I can't handle."

Sun Jianguo also understood this point, and this was also something he was very proud of: "Old leader, there's one more thing you forgot. My niece is still an executive at Junlin Finance and is deeply favored by Brother Lin!"

This matter could also be considered a spare move.

Sun Wei: "Alright, let's stop here. I need to hurry up and take care of this matter for Brother Lin. This kind of thing must be done to perfection!"

"At the same time, help me ask if he needs the transaction confirmation information to be delayed by a few days? Will it affect his layout?"

Sun Jianguo kept it in mind.

Turning around.

He did not call Wang Lin.

Instead, he ran over in person and arrived at the Junlin Finance company.

"Brother Lin, I have already contacted the headquarters leadership. If we have any shares here at CITIC, we will sell them all to you at the current price without charging any premium. This is our sincerity!!"

"At the same time, my leader has also started helping you handle this matter!!"

Hearing that Sun Jianguo had run over specifically for this matter, Wang Lin really felt a bit guilty.

Although he was truly formidable now and had helped CITIC Trust earn some money, the other party was, after all, a tycoon from the CITIC Group side.

With deep foundations.

They were doing this, naturally, to have better cooperation with him in the future.

Wang Lin could feel this sentiment: "I understand!"

...

Inside Juntu Automobile company.

Chairman Wu Kai looked at the abnormal changes in the market today, his face showing some hesitation and confusion.

How could it be like this?

Today's market left him very confused.

In fact, he had almost given up on his own company. The reason he hadn't given up was that he had too many people under him to support.

That's why he recently started contacting state-owned enterprises, wondering if both parties could merge operations.

And the reason for giving up was that the company had already been targeted by some foreign capital.

He had even received 'invitations' from them.

Sell the company, sell the patents.

Isn't that much better than guarding a ship that is destined to sink?

Although Wu Kai was the chairman and founder of this company, he didn't hold many shares.

Barely over 6 percent, with a value of less than 600 million.

But the benefits promised to him by these foreign capital, if they were truly realized, would amount to a full 100 million in cash and another huge sum of 500 million.

Of course, this also had to include the appreciation of his own shares.

Those 500 million were the appreciation of his own shares.

But even so, it was exciting enough.

After all, everyone understood that if company equity couldn't be exchanged for money, it was just a piece of blank paper.

Not to mention the current situation of their company; there were no dividends at all, and the company's condition was constantly declining.

Those assets valued at 600 million would also shrink as the company's stock price fell.

But that 100 million in funds was solid.

In short, Wu Kai was very conflicted.

Especially with Juntu Automobile's sudden limit up today; the newly entered funds were sealing the limit up like their lives depended on it.

He didn't know if this was foreign capital making a move or domestic Institutions buying up stock.

He couldn't distinguish these movements in the capital market.

"If I don't sell the company, I'm afraid they will start to lay out their plans for our company even more deeply!!"

The deadline those foreign capital gave Wu Kai was just these few days.

That's why he suspected whether it was foreign capital that drove the rise today.

They couldn't wait for his reply, so they started snatching up shares?

Just when he was at his wit's end.

That same night, another major event occurred.

Don't know which media outlet published: 【Juntu Automobile has up to 1.2 billion in debt defaults!】

Once this news came out, the comments below exploded instantly.

"Damn, is it real or fake?"

"Then what does the sealing of the limit up today mean? Luring bulls?"

"I don't think so. Today, the Institutions were truly frantically sealing the limit up; it was simply insane!!"

"But this bad news, I went to check it, and it turned out to be true!!"

"I don't get it, I really don't get it, but I think this stock will definitely fall tomorrow. The bears won't let this good news go, and the bulls, when facing this news, probably won't dare to drive it up anymore!!"

"1.2 billion in debt defaults, damn, this company only has a market value of around 8 billion left now. Can they be any more crazy!!"

"limit down tomorrow for sure, no question about it!!"

"I kept placing orders at the limit up all afternoon and didn't manage to buy in. Now that I see this news, thank goodness, thank goodness!!"

"The stock market is truly ever-changing. During the day, I was still fantasizing about catching a limit up tomorrow, but now I just want to get out alive; please don't seal it at the limit down!!"

"Stock trading is just too hard!!"

.

On the side of CITIC Securities.

The block trades that Sun Wei posted originally didn't have many people wanting to sell.

But when this bad news came out, before Sun Wei could even react, these block trades were quickly executed.

And when he did react, it was all too late.

Seeing these executed block trades, his face went a bit pale.

Damn it.

Messed up!!

Although this matter wasn't his fault, it was Wang Lin who entrusted him at this price, and he was just helping.

But if he could have seen this bad news immediately and then cancelled the block trade application, he might have been able to save at least millions in losses.

Even adjusting the 10% premium of the block trades to the original price could have helped Wang Lin recover a lot of losses.

Looking at the block trades that had now frantically surged to over 3 billion.

Sun Wei was dumbfounded.

Damn it?!

No wonder the equity of this stock was so dispersed; there were actually so many small shareholders trapped.

Now that they encountered bad news, and there was such a sucker coming to take over the shares.

They would naturally run away as fast as they could.

Even in a company in Magic City, a small shareholder laughed and cursed to himself: "Where did this idiot come from, actually asking for shares at such a high premium? Do they really think it's Institutions driving the market? This is obviously fishing!! I'm running first!! With such big bad news, tomorrow will definitely be a limit down!!"

On the side of those main force dealing with Juntu Automobile.

When they saw this bad news, the whole room instantly erupted in gloating laughter.

"Hahahaha, I'm dying of laughter, such big bad news actually appeared!!"

"Poor Institution, they spent so much money driving it up, and tomorrow they can directly announce that more than 50 million has evaporated from their book value!!"

"What a pity, it would have been great if we had dumped all our goods today, but we were still a bit hesitant."

"No pity, no regrets. If this news didn't come out and we didn't have any base position, that would be called just staring blankly!!"

"I really want to know now, what kind of mood is the boss of that Institution that bought in?"

"They must be regretting it to death!!"

.

Inside Junlin Finance.

Wang Lin naturally saw this news too.

He could even imagine what the outside world was saying.

But what do they know?

At this moment, Wang Lin's phone rang; it was Sun Jianguo calling.

Wang Lin smiled. It seemed that after such bad news, the goods on the block trade side should be very plentiful.

Just as Wang Lin answered the phone, he heard the other party's distraught voice: "Brother Lin, something big happened. Over 3 billion in block trades were executed, almost all of them!!"

Wang Lin gave a light chuckle: "Not bad. This is a good thing; it got sorted out for me in one day."

"Now I should be considered the largest shareholder of this company, right? No need to even file a major shareholder disclosure; buying a little more will be enough for absolute controlling interest!!"