Chapter 51: Super-Li: Damn Chen Hao, how dare he snatch food from the tiger's mouth?
“Uncle Qiu, now is the perfect moment for us to let go of our shares in Cheung Kong Holdings!”
Chen Hao was resolute. With Cheung Kong’s stock price soaring to new heights, he believed this was the best time to sell.
“Make a decision right now?”
Xiang Zhiqiu was slightly taken aback, a hint of doubt creasing his brow. “Isn’t it a bit premature? After all, Cheung Kong just announced some major positive news.”
“I judge the stock price has already peaked.”
Chen Hao’s gaze was firm. “Though it has surged remarkably in the short term, with its market value ballooning to 3.5 times the original, I believe the feast is over—it’s fleeting.”
“Excess leads to reversal; where there is grandeur, danger often lurks.”
His tone was resolute, his eyes reflecting a keen insight into the market. “Given the recent sharp spike in Cheung Kong’s stock, we should seize the moment and pull out promptly!”
Faced with Chen Hao’s serious demeanor and well-thought-out analysis, Xiang Zhiqiu pondered briefly before responding, “If you think so, I’ll follow your advice.”
The traders reacted swiftly, executing orders to decisively sell all their Cheung Kong shares.
As expected, these shares were quickly absorbed by other investors.
Together, Chen Hao and Xiang Zhiqiu had invested a total of 2.75 billion HKD to buy into Cheung Kong.
Their investment had appreciated 3.5 times!
In other words, by selling all their holdings, they cashed out 9.625 billion HKD!
Of this, 400 million was Xiang Zhiqiu’s principal.
The remaining 9.225 billion was the profit earned since their collaboration began!
After deducting all expenses, Chen Hao and Xiang Zhiqiu had made about 9 billion HKD in profit.
According to their 50-50 profit-sharing agreement, Chen Hao would receive nearly 4.5 billion HKD.
Not long after Chen Hao urged Xiang Zhiqiu to sell their Cheung Kong shares, the stock price began to plummet wildly!
Xiang Zhiqiu felt immense relief.
“Xiao Chen!”
“Luckily I listened to you and sold all our Cheung Kong shares in time!”
“Otherwise, we’d have been trapped in losses!”
Xiang Zhiqiu spoke excitedly to Chen Hao.
“That’s why you can’t be too greedy in stock trading!”
“If you get too greedy, you get stuck and can’t get out!”
Chen Hao smiled knowingly.
He suspected the sudden crash of Cheung Kong’s stock wasn’t just because he and Xiang Zhiqiu had sold off a large number of shares.
It was also because Li Chaoren had sold off a significant amount as well!
The three of them—Chen Hao, Xiang Zhiqiu, and Li Chaoren—had dumped so many shares in such a short time that a price drop was inevitable!
Chen Hao guessed that he and Xiang Zhiqiu likely sold their shares before Li Chaoren did.
In other words, by the time Li Chaoren started selling, the stock had already begun to decline!
“Xiao Chen, working with you this time was truly exhilarating!”
“In less than a month, we’ve made nearly 9 billion HKD!”
“We should definitely continue our long-term partnership!”
Xiang Zhiqiu said excitedly.
“Sorry, Uncle Qiu,”
Chen Hao said after some thought, “but I think this collaboration has to end here.”
“Why?”
Xiang Zhiqiu looked puzzled.
“I need to take a break and prepare for the next plan,” Chen Hao explained.
The intense stock trading had drained his mental energy.
Though he practiced the Eight Brocade Qigong to recover his mental stamina, its restorative power was limited.
He didn’t want to push himself so hard that he ended up with some neurological or mental illness.
Therefore, he needed a period of rest.
Moreover, his next step was to bottom-fish the Eagle Nation stock market and other global markets, which required careful preparation.
“Next plan?”
“What plan?”
Xiang Zhiqiu’s eyes lit up, filled with anticipation as he stared at Chen Hao.
“I’m still formulating it,” Chen Hao said.
“When it’s ready, I’ll tell you.”
Chen Hao did not rush to reveal his next scheme.
“Alright, I’ll be waiting for your good news!”
Xiang Zhiqiu smiled and did not press further.
Then he added, “Since this cooperation is over, I’ll transfer your earnings to your account now!”
“Thanks, Uncle Qiu!”
Chen Hao smiled.
True to his reputation, Xiang Zhiqiu was straightforward and trustworthy, taking the initiative to arrange for Chen Hao’s share to be transferred promptly.
Soon, the finance team wired all the money owed to Chen Hao.
“Xiao Chen, tonight I’m hosting a celebration banquet at the Grand Sea City Restaurant and Nightclub!”
“I’ll have someone pick you up then,” Xiang Zhiqiu said.
“Sounds good!”
Chen Hao nodded.
Afterward, he left Xiangsheng Securities with Lizhi and returned to their residence.
...
At the headquarters of Cheung Kong Holdings, inside Li Chaoren’s office.
Crash!
A teacup shattered on the floor, coffee spilling everywhere.
“Damn it!”
“Damn that Chen Hao!”
“How dare he snatch food from the tiger’s mouth?!”
Li Chaoren’s fury blazed like a wildfire.
Although he had profited handsomely from his own bottom-fishing of Cheung Kong shares, Chen Hao’s maneuvers prevented him from gaining even more.
In fact, before this, Chen Hao and Xiang Zhiqiu had been aggressively buying up the low-priced shares on the market, a move Li Chaoren had keenly noticed.
At that time, he himself was actively accumulating low-priced Cheung Kong stock.
Unfortunately, Chen Hao and Xiang Zhiqiu’s massive buying spree acted like a hurricane that swiftly pushed the stock price higher.
This forced Li Chaoren to buy shares at elevated levels to fulfill his bottom-fishing strategy.
What infuriated him most was that Chen Hao had timed his exit perfectly, decisively selling off a huge chunk of shares.
Li Chaoren, in contrast, hesitated and only began selling after the stock price had already started declining.
As a result, the profits Li Chaoren earned from his operations were sharply diminished, and this loss made him seethe with hatred for Chen Hao.
This audacious Chen Hao, who dared to snatch gains right under his nose, made Li Chaoren’s anger boil over.
“Chen Hao!”
“You’ve ruined my plan!”
“I won’t let you off so easily!”
Li Chaoren clenched his fists tightly; the veins bulged, and his face was twisted with rage.
He would never let Chen Hao’s brazen move go unpunished.