96: Chapter 96 Five Days of Harvest
At exactly twelve o'clock, the market closed for the noon break.
People in the cafeteria gradually dispersed, leaving only a few scattered individuals slowly tidying up their trays.
Wang Hao remained in his seat, his phone propped up against a vinegar bottle. The screen was lit, and his eyes were glued to the stock forum for Tianji Technology without blinking.
The page refreshed frantically, with posts surging out like a tide.
Some were cheering, some were full of regret, some cursed their own "itchy hands" for selling too early, and others vowed that it would start with five consecutive limit-up boards.
Wang Hao didn't dare reply with a single word; his palms were drenched in sweat.
Jiang Chen finished his last sip of water, stood up, and patted Wang Hao. "Let's go, we have class this afternoon."
"I can't move."
Wang Hao's voice was airy. "I feel light-headed right now, like I'm walking on clouds."
Jiang Chen ignored him and walked away with his tray.
Wang Hao hurriedly followed, constantly refreshing his account page as he walked.
At one o'clock in the afternoon, the market opened.
Tianji Technology's stock price shot up vertically from 23.5 yuan, the intraday line surging upward at an almost 90-degree angle.
23.8 yuan, 24.2 yuan, 24.8 yuan, 25.2 yuan...
Buy orders flooded in like a tide, each one larger and more urgent than the last.
Less than ten minutes after the opening, at 1:08 PM, the stock price touched 25.8 yuan, locking at the limit-up price.
An increase of ten percent.
In the lecture hall, Wang Hao bit his lip hard to keep himself from crying out.
His 60,000 yuan had now turned into a market value of 66,000.
In less than an hour, he had earned 6,000.
Jiang Chen also glanced at his own account.
442,000 shares, cost 23.5 yuan, current price 25.8 yuan, profit of 2.3 yuan per share, total profit approximately 1.02 million yuan.
The account's market value had gone from 10.4 million to 11.42 million.
One million in one day.
He locked his screen, tucked his phone into his pocket, and continued listening to the professor's lecture.
For the next four days, Tianji Technology seemed to be held steady by an invisible hand, hitting the limit-up price on time every day.
On the second day, the stock price rose from 25.8 yuan to 28.4 yuan.
Jiang Chen's account increased by another 1.15 million, with a total market value of 12.57 million.
On the third day, the stock price rose from 28.4 yuan to 31.2 yuan.
The account increased by another 1.24 million, with a total market value of 13.81 million.
On the fourth day, the stock price rose from 31.2 yuan to 34.3 yuan.
The account increased by another 1.37 million, with a total market value of 15.18 million.
On the fifth day, the stock price opened at 34.3 yuan, quickly locked at the limit-up price, and closed at 37.7 yuan.
The account increased by another 1.5 million, with a total market value of 16.68 million.
Five trading days, five limit-up boards.
Jiang Chen's total account market value had gone from 10.4 million to approximately 16.68 million, with a floating profit of 6.28 million on paper.
After deducting 78,000 yuan in financing interest, the net profit was 6.2 million.
Adding his original 2.6 million principal, the personal capital in his account exceeded 8.8 million.
But this wasn't all that the wealth intelligence had brought him over these five days.
More importantly, Jiang Chen did not pocket the money earned from the daily intelligence; instead, as soon as it arrived each day, he immediately transferred it into his stock account to increase his position in Tianji Technology.
By continuously adding principal during the series of limit-ups, the compound interest effect was maximized.
On the first day, the intelligence indicated that an old bookstore in the Old City District, which was about to be demolished, had a batch of out-of-print comic strips. The owner was selling them as scrap paper for two yuan each.
Jiang Chen made a trip, emptied the entire warehouse for 3,000 yuan, and turned around to sell them to a Shanghai buyer who specialized in collecting comic strips, earning a net profit of 200,000.
On the second day, the intelligence indicated that a retired professor at Jiangcheng University had a small painting from the republic of china era hidden in his home. His family didn't know its value and listed it on a second-hand trading platform for 800 yuan.
Jiang Chen bought it for 3,000 yuan and sent it to auction; it sold for 180,000 in an online special session, earning a net profit of 170,000.
On the third day, the intelligence indicated that a factory on the east side of the city, which was about to close, was clearing out old equipment. Among them, an imported machine tool from the 1980s was being valued as scrap iron.
Jiang Chen contacted someone in industrial collecting. After one look at the photo, the other party offered 150,000 on the spot. Jiang Chen bought it from the factory for 20,000, earning a net profit of 130,000.
On the fourth day, the intelligence indicated that an obscure domain name was about to be acquired by an internet company for a high price.
Jiang Chen checked and found the domain name had not been registered yet. He secured it for a few dozen yuan in registration fees. Three days later, the buyer reached out through an intermediary, and the transaction price was 200,000, earning a net profit of 200,000.
On the fifth day, the intelligence indicated that a rising artist's graduation work was being ignored at an art academy exhibition, but three months later, his solo exhibition would be represented by a well-known gallery, and the price would increase tenfold.
Jiang Chen bought that oil painting for 20,000 yuan on the last day of the exhibition and transferred it directly to the gallery owner using the contact information provided by the intelligence, earning a net profit of 300,000.
Over five days, the one million yuan in principal brought in by the five pieces of intelligence, through daily additional purchases and daily limit-ups...
...achieved a secondary value increase during the consecutive limit-ups, eventually turning into approximately 1.45 million.
The extra 450,000 was the power of compound interest.
Adding the 6.2 million net profit from his original leveraged holdings, Jiang Chen gained a total of approximately 7.65 million from this wave of Tianji Technology.
And that was not all.
On Wednesday night, Jiang Chen received another message on his phone.
It was from Lin Hao.
The message was a screenshot of the digital edition of the Jiangcheng Daily. In the bottom right corner of the front page was an inconspicuous news item.
"Rare Mutant Chinchilla sold for a high price of 5.8 million, setting a new domestic auction record for small pets."
Jiang Chen tapped on the screenshot and read it from beginning to end.
The news was written very restrainedly, but the figures were eye-catching.
That chinchilla was auctioned at the Christie's Jiangcheng Branch's autumn treasures auction, with a starting price of 1.2 million.
The auction venue was packed with well-known domestic rare pet collectors.
There were representatives from private museums in Hong Kong Island, and an agent said to represent a certain wealthy family from Southeast Asia.
During the most intense bidding, two buyers went back and forth via telephone commission, pushing the price directly from four million to 5.8 million.
The moment the gavel fell, applause rang out in the venue.
The news was accompanied by a photo of the chinchilla.
Its fur was an extremely rare blue-gray with a silvery-blue luster, looking cold and high-end.
Pure white patches were distributed across its back and the top of its head, irregular in shape but evenly spread.
Its eyes were deep red, like two gemstones, reflecting a clear luster in the sunlight.
Jiang Chen stared at the photo for a few seconds, a slight smile playing at the corners of his mouth.
He had not appeared at the auction venue at all.
From consignment to appraisal, from preview to auction, Lin Hao had handled everything.
He only needed to sign the contract and hand the chinchilla over to Lin Hao; the rest was just waiting for the money to arrive.
At the time of the consignment, Lin Hao had charged him five percent of the transaction price as a service commission, which was a cost Jiang Chen had to bear.
But Lin Hao's connections and operational capabilities within the circle were worth the price.
The phone vibrated again; it was a message from Lin Hao.