Tao Liangchen
Chapter 198 Red and Green
Two in the morning, back at the apartment to sleep.
Su Yehao originally thought that after investing as much as three hundred million, and personally sitting at the gambling table, he would be too nervous to sleep, tossing and turning, but within a few minutes of his head hitting the pillow, he was already snoring softly.
He slept soundly until broad daylight, waking up after ten o'clock the next morning.
Without even washing his face or brushing his teeth, he first checked the closing data for US stocks. It was still just over thirty-three US dollars, and the situation seemed to have stabilized.
The US stock market's circuit breaker from the night before had unsurprisingly made the news.
A quick search revealed related news everywhere. According to the news, the reason for the big drop was due to being dragged down by the global market, which made a group of financial experts feel nervous.
Hong Kong stocks continued to fall, and mainland stocks, Singapore stocks, and markets in Japan and Europe also plummeted.
The so-called US stock market circuit breaker mechanism, simply put, is that when the stock market falls to a certain extent, the market automatically stops trading for a period of time, which may be a few minutes, or the entire day's trading may be terminated. The main purpose of doing this is to prevent panic from spreading further and bringing a greater impact to the market.
A drop of 7% like the one at night only triggered a Level 1 market circuit breaker, and all stocks were suspended from trading for fifteen minutes.
Fortunately, after the circuit breaker at night, the market began to show signs of sideways fluctuations. Stocks like Yahoo, which were considered "growth investment" stocks, suffered a relatively large impact, but did not fall below their intrinsic value.
Holding Yahoo shares worth more than 450 million, with an average purchase price of about thirty-two US dollars.
Su Yehao was still making money, but unfortunately a large part of the previous profits had been wiped out. The good thing was... he was on the list of Yahoo's top ten shareholders.
Although ranked at the very end, and without much say, the list showed him on the major shareholder list, owning 3.22% of Yahoo's total shares.
The so-called stock speculation that turns you into a major shareholder is exactly his situation.
For a company with a market value of more than 10 billion Hong Kong dollars, owning so many shares is already quite good.
He believed that when Yahoo held its shareholders' meeting, Su Yehao could also get a relatively forward position...
After waking up this morning, Nangong Tian secretly checked the news about Yahoo.
She knew that the situation was not optimistic, and worried that her Hao-Ge would be in a bad mood, so she specially asked the nanny to cook a bowl of noodles, with pork liver, kidney, egg skin, and shredded sea cucumber, a whole big bowl.
When Su Yehao sat down at the dining table and saw this big bowl of noodles, he said speechlessly, "Are you trying to nourish me to death? Do you have something planned for tonight?"
"No, even though you lost money, you still have to eat your fill." The little girl smiled.
Su Yehao continued to ask her, "Don't you have class this morning?"
"It doesn't matter whether I go to class or not, being with you is the most important thing. I heard that someone jumped into Victoria Harbour today, and they haven't found the body yet. I'm afraid you might have the same thought."
"..."
After a light scoff, Su Yehao told her, "What do you know? I bought three hundred million worth of Yahoo stock at a low price last night. I'm so happy that I don't have time to think about it. I just need to be patient and wait. It's very likely to rise sharply in the short term. With my current position, every dollar Yahoo's stock price rises is equivalent to a gain of more than three dollars before. Wait and see, you'll be counting money for me then!"
"Hao-Ge, are you really okay?"
The little girl thought that Su Yehao was pretending to be strong, but that wasn't actually the case.
Today, Yahoo's stock price was a bit terrible, and there were still many problems with the operation. He didn't manage to get out at the high point, nor did he successfully copy the lowest price, but his position had become higher, and the purchase price was still relatively cheap.
Su Yehao smiled calmly and said, "What could be wrong with me? Have you forgotten what my family does? At worst, I'll fail in my business venture and go home to inherit billions of assets. You're so beautiful and charming, how could I bear to feed you to the fish?"
Patting her chest, Nangong Tian breathed a sigh of relief and said:
"That's good. I even planned to get Jiang Yu drunk and stuff her into your bed."
He couldn't tell if she was joking.
However, based on Su Yehao's understanding of the little girl, she really could do such a thing.
Eating noodles, Su Yehao mumbled, "If you put it that way, then I'll admit it. I lost tens of millions in one night. I was just pretending to be strong. Go get her drunk, and I'll help."
"Hmph!"
Nangong Tian became cheerful again and added, "Test complete. You really are fine."
An opportunity.
Slipped away right under his nose.
Su Yehao clicked his tongue and sighed, changing the subject and asking, "What do you think? Seeing that I've lost so much, are you still willing to take out your little treasury and gamble with me?"
"As long as you say it's okay, I'm definitely willing. I already had my mom transfer me eight million this morning. That's all the spare money she has. She's investing in business in Singapore and has become so poor..."
Feeling that Nangong Tian had some misunderstanding about the word "poor," Su Yehao didn't tease her anymore and continued:
"Now is really an opportunity. I'll go to the bank with you later and lend you thirty million, and open a trading account for you. Yahoo's stock price seems to have stabilized. The news also said that yesterday the market was panicked, and today it will likely rebound. Anyway, I definitely won't let you suffer."
"I'll listen to you. Otherwise, after we're done, let's go shopping. I have nothing to wear."
"What's piled up in the closet? Yesterday's clothes aren't good enough for you today?"
Hearing this teasing remark, Nangong Tian immediately became proud and coquettishly said, "I hate it! I saw in a magazine that Chanel has a new limited edition. If I don't grab it early, it'll be gone."
……
Heading to Dai-Ichi Kangyo Securities again.
This company was backed by the Dai-Ichi Kangyo Group, with pretty good strength, and he was familiar with their cooperation, so Su Yehao was able to enjoy top VIP discounts.
Like today.
After receiving another 30 million Hong Kong dollars in his own name, the Japanese president of the securities company personally received him, and also specially prepared some gifts, including 200,000 yuan of Harbour City shopping cards, a hot spring resort invitation at the foot of Mount Fuji, and ten private jet services per year, etc.
Probably wanting to build a good relationship, and win over Su Yehao, this big client.
For top-quality clients, brokerage firms are willing to spend money, with gifts for every holiday, and occasional parties, travel, and golf services.
After opening an account for Nangong Tian, he agreed that after the US stock market opened tonight, he would buy Yahoo stocks at the first opportunity, regardless of whether they were up or down.
Su Yehao left the rest of the matter alone and went shopping with the little girl.
He increasingly realized the importance of learning financial knowledge. For example, this time, he had not made a prior judgment, and the subsequent handling was also mediocre.
Others were shorting and longing, having a great time, while Su Yehao only dared to use his own funds to speculate in stocks like ordinary retail investors, and the profits were far from being maximized.
Although it was very safe, he also wasted many opportunities to get rich.
Having enough food at home made Su Yehao less impulsive to gamble. Fortunately, the business was progressing steadily, and he had actually earned a lot.
He reflected from time to time during the day.
At 9:30 in the evening, after the US stock market opened, Yahoo's stock price fluctuated around 34 US dollars for a few minutes, then quickly rebounded following the broader market, and the Nasdaq index soared by 3%.
Yahoo's stock price, in turn, rebounded to thirty-five, thirty-six, thirty-seven, thirty-eight, with considerable momentum.
Yesterday was indeed just a panic sell-off, and investors' confidence had returned.
Su Yehao, who clearly had the strength to be a market maker, but insisted on learning how to speculate in stocks like a retail investor, couldn't stop smiling, and finally confirmed that he had really bought the bottom. The US stock market was green across the board.
Nangong Tian was so excited that she howled. In just over half an hour, she had earned more than four million Hong Kong dollars in pocket money.
As for Nong Qingying, she also made several million...