Chapter 45: Let the Storm Rage Even Harder
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At this moment, any hesitation was fatal, as it would directly lead to the burden of higher stock acquisition costs.
Compared to the soaring prices that Wheelock Marden's stock would later reach, 35 HKD was indeed remarkably cheap.
Since they still had a certain amount of capital on hand, they should hesitate no longer and fully utilize these resources, investing as much as possible to seize this rare investment opportunity.
At the same time, this would further intensify the volatility in the stock market, muddying the waters and making the situation even more unpredictable!
Moreover, their sudden and drastic upward push on the stock price would undoubtedly provoke a strong reaction in the market, triggering widespread attention and heated discussions.
As expected, after receiving clear instructions from Lin Haoran, Su Zhixue and his team acted swiftly, launching a comprehensive and rapid acquisition of all Wheelock Marden shares in the market priced below 35 HKD, leaving none behind.
The market had already been shocked by the opening price surging directly to 31 HKD, but even more astonishingly, in the less than ten minutes that followed, trading volume erupted in another exponential surge, a momentum so fierce it took one's breath away.
Su Zhixue and his team were fully focused on intense trading operations.
Meanwhile, as the head of the team, Lin Haoran appeared calm and collected on the surface, yet a trace of inner tension was inevitable.
He knew that despite his meticulous plans and absolute confidence in driving the competition for Wheelock Marden into a fierce white-hot stage, ultimate victory had not yet arrived.
"Boss, let me report the latest trading results! We just directly purchased 339,000 shares of Wheelock Marden. The market reaction has been enthusiastic, and the pending sell orders in the 31 HKD to 35 HKD range far exceeded expectations. Although a small fraction could not be successfully secured, the vast majority have been smoothly brought under our command. I have carefully calculated that the average execution price for this batch of shares was only 32.73 HKD per share, well below our expected price. It is truly an unexpected and major victory!" Su Zhixue's voice carried an undisguised sense of excitement and thrill.
In just over ten minutes, they had splashed out more than ten million HKD, reaching a massive total of 11.09 million HKD. Such trading speed and scale were unprecedented even for the experienced Su Zhixue during his operations over the past month or so.
As for Han Zihang and the other two newcomers who had stepped into their new jobs only that very day, their excitement was beyond words.
They had never imagined that the starting point of their new career would be so thrilling—participating directly in such a large-scale transaction.
Without a doubt, this would become an extremely precious and unforgettable lesson in their professional lives, accumulating rich experience and valuable wealth for their future growth.
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"339,000 shares? This indeed exceeds my expectations," Lin Haoran muttered to himself with a hint of surprise.
Originally, he had thought that acquiring an additional hundred thousand-odd shares would already be a quite respectable achievement.
After all, when they had previously attempted to buy shares priced below 30 HKD, the pending orders in that price range on the market amounted to only around 60,000 shares, which made him keenly aware of the market's cautious and conservative nature.
"It seems that many retail investors were holding cash and watching from the sidelines, seemingly waiting for higher prices before being willing to sell," Lin Haoran analyzed. "And this happened to provide us with an opportunity."
He continued pondering: "If I had adopted a step-by-step strategy and bought slowly, those hesitating investors would likely have continuously canceled their orders and placed higher asking prices due to market sentiment fluctuations. But my sudden and powerful strike shattered their hesitation instantly, leaving them no chance to adjust their strategy."
Overall, this was a good thing.
"Boss, how should we proceed next?" Su Zhixue timely raised the question.
Lin Haoran pondered for a moment and replied, "Temporarily halt further purchases, and switch to closely monitoring the upward and downward dynamics of the stock."
Looking back at today's trading, it had indeed appeared quite aggressive.
During the first two and a half hours of the morning session, they rapidly secured 156,000 shares of Wheelock Marden;
Shortly after the afternoon market opened, they quickly added another 26,000 shares to their holdings;
And that final, swift strike directly swept up 339,000 shares, bringing their total purchases of Wheelock Marden stock for the day to a staggering 521,000 shares.
Moving forward, if Wheelock Marden's stock price could continue to rise as expected, then continuing to chase and buy would become redundant.
The potential profit margin for high-priced stocks was already relatively limited, and further accumulation would contribute little to boosting overall later-stage returns, since the main profits would stem from the shares acquired earlier at lower prices.
If the stock market could sustain its upward trajectory on its own without requiring his further intervention, there was no need to continue increasing their holdings.
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At this time, staying calm and watching how things unfolded would be a much wiser choice.
Sure enough, Lin Haoran's strategy was like dropping a depth charge into the stock market, instantly stirring up monstrous waves in Wheelock Marden's stock trading and pushing it to the brink of a boiling frenzy.
On the side of Hongkong Land, upon seeing Wheelock Marden's stock price violently surge to the high level of 35 HKD, they panicked instantly. Their original wait-and-see attitude vanished entirely, and they immediately mobilized massive funds to enter the market urgently, attempting to stabilize their footing.
As for the Pao family, they likewise felt unprecedented pressure and challenges. Sir Y.K. Pao decisively issued instructions to launch a comprehensive acquisition of Wheelock Marden stock at all costs.
Both sides knew very well that their current respective shareholdings were roughly equal, and this contest had entered a white-hot stage where even the slightest relaxation could lead to total defeat, leaving them seized of the initiative by their opponent and falling into a passive position.
As these two formidable consortia shifted from covertly and slowly absorbing shares to officially and massively advancing into the market, certain market makers in the Hong Kong stock market keenly perceived a once-in-a-lifetime opportunity and eagerly prepared to make a big move.
Meanwhile, retail investors and stock traders in the market were also infected by this frenzy, harboring hopeful dreams of getting a piece of the pie from this fiercely hot stock and achieving overnight wealth.
As the solemn bell signaling the close of the stock market rang out, Wheelock Marden's stock price had soared to a jaw-dropping 40.8 HKD per share.
Recalling that at today's market open, Wheelock Marden's stock price had been lingering at just a little over 27 HKD, today's increase, while not directly doubling, was fierce enough to leave everyone dumbfounded, and calling it "exaggerated" was by no means an overstatement.
At this moment, a sense of ease and relief could not help but well up in Lin Haoran's heart.
To him, the skyrocketing price of Wheelock Marden's stock was not merely a numerical leap, but a major victory for his strategic layout, signaling that his subsequent plans would have much more solid support.
By this point, the trajectory of Wheelock Marden stock had completely surpassed Lin Haoran's direct control; his initial boost had acted like a catalyst, stirring up massive ripples in the market and achieving the optimal expected effect.
Lin Haoran stood aside, his gaze deep as he watched Su Zhixue busily calculating today's bountiful harvest, feeling exceptionally cheerful.
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