Chapter 242 Five Daily Limits
"You can bring your family members to the evening team building. By the way, please ask them to bring your toiletries and change of clothes."

After the review meeting, Xie Jingxing announced a surprise benefit. The three traders and two colleagues from the risk control department cheered for their boss' generosity.

Zhan Yunping asked if there was an abalone and lobster seafood dinner, and rented a private plane to airlift a whole 500-pound bluefin tuna from abroad.

Ji Zhiqiang asked if there was any party with good wine, music and beauties, and supported the Korean Kpop girl group that landed in the world and drank Genting 25-year-old whiskey.

Wan Xue wants a luxurious room with a view and a large bathtub for taking a bubble bath, a party villa, and a Ritz-Carlton suite. She wants everything she wants!

But after that night, the three traders and two risk control colleagues all handed in their cell phones, checked into the hotel, and were picked up by a special car to go to and from work. They went in and out in pairs, and supervised each other and were not allowed to have any contact with the outside world.

The company's computer equipment is under 24-hour monitoring and Grapefruit Capital has entered a silent state. In the short-term market battle involving billions of funds, integrity and morality cannot be placed with unrealistic expectations.

Xie Jingxing didn't trust anyone except himself. Of course, he could trust his wives, both big and small, who were running around outside when he was shot and lying in the ICU.

Taking advantage of the two-day weekend break, while Yu Tong was attending an academic conference in Shenzhen, he sneaked to Beijing to accompany Zhou Fenglan for a prenatal check-up.

Then he rushed back to Shanghai to pick up his wife at the airport. During the trip, he also handled some post-investment management work such as the subsequent marketing planning for Panda TV. His schedule was well arranged and he can be called a master of time management.

The fulfilling holiday passed like this, August 8th, Monday.

Xie Jingxing showed up at the Grapefruit Capital office on time, and led Zhan Yunping and his team of three to hold a busy morning meeting as usual to confirm the day's operation plan, but the atmosphere was a little more solemn and strange.

Except for those like Xu Xiang, most private equity firms will not engage in violent short-term operations, and correspondingly, confidentiality management will not be overly strict.

It was understandable that everyone felt a little at a loss. Xie Jingxing didn't want to say anything more. A team building event cost millions, and he thought he was generous enough to pay part of the remuneration in advance.

Being a soldier is just like that. If they can't do it in the next month, why should they take his money?

"Sweep the order, absorb the stock and push it up, the highest price is 18.23 cents, and there are three orders of 3001 lots."

The stock of Coal City Special Steel opened flat in the call auction phase, and the opening price was 16.88, which then dropped in volume. The Tianshan Road Branch of Xihua Securities, which maintained a subtle tacit understanding across the air, still wanted to imitate last Friday and make a wide-range shock to clean the market.

However, ten minutes after the market opened, Xie Jingxing picked up the phone and issued an order.

Scan the orders without worrying about the points of buying funds. All sell orders at different prices from low to high will be bought up the moment they are placed, and funds will rush upwards.

The large buy orders disappeared in an instant, and the intraday chart trend rose in an unreasonable manner.

3001 lots. Last Friday, when Xihua Securities Tianshan Road Branch crashed the market, it placed three identical large sell orders in succession. Xie Jingxing responded today.

Obviously both sides understood the "signal" and reached a subtle tacit understanding once again.

They were determined not to leave and planned to enjoy the support of their allies, while Xie Jingxing was disdainful of slowly cleaning the market and pondering the few chips in the hands of retail investors.

"Put an order, hold the price of 18.23, take as much as you can." Xie Jingxing gave instructions on the landline phone again.

In the trading room, Zhan Yunping repeated nervously: "Order, 18.23."

"Don't place large orders, we need to absorb shares." Wan Xue said meaningless nonsense to ease her mood.

500 lots, 300 lots, 700 lots, Ji Zhiqiang typed on the keyboard with a crackling sound, and one small sell order after another was eaten up. The market value of the holdings increased rapidly every second, and the cold numbers kept jumping.

His face flushed slightly and he exhaled: "Too simple and crude, it's simply too crazy!"

The opening price of Meidu Special Steel today is 16.88, and 18.23 is the price of an 8% increase, which means that Xie Jingxing specially left a 2% price range to the daily limit!

When hot money is absorbing funds to push up stock prices, it usually has two choices: either absorb funds at a low level and then suddenly surge in volume near the end of trading, using a large buy order to block the daily limit.

This kind of person is poor and has insufficient funds. He needs to violently push up the stock price to tell retail investors that he is rich and determined to hype this stock. Don't regret it if you sell your chips now and run away.

Either continue to sweep orders and absorb funds in a moderate manner, driving market sentiment and retail investors to follow up on buying and selling, increasing turnover rate and liquidity, and the stock price will naturally rise until it reaches the daily limit.

This is a truly powerful and relatively benign way of playing for hot money. It will not deliberately force market sentiment, but can moderately lower the cost of absorbing funds.

Xie Jingxing chose something in between the two. Large orders kept the stock price above 8%, and retail investors could buy and sell at will to activate turnover rate liquidity.

Follow me if you have funds in hand. Retail investors who want to follow the trend and make money are welcome, but don't try to enter the market at a lower cost than me. Retail investors who want to run away with profits, please leave. I will take over the orders at a high price no matter how much you sell. Don't be polite.

With transactions calculated in seconds, capital has an extremely sensitive nose for things, and every instruction will always get an instant response from the market in the next second.

The stock price quickly stabilized and fluctuated above the price of 18.23, once touching the daily limit and then quickly opening it, with the bulls and bears fighting in the 2% range.

By the midday break, the price hit the daily limit again, although there were only a few hundred orders pending at the limit.

In just two hours, Zhan Yunping and his two-member team poured in 1.1 million yuan to raise more than 6 shares. Compared with this, the efficiency of the money-burning war in the Internet industry seems so poor.

"In the afternoon, we gave up the 18.23 price, freely swept the orders to absorb the funds, and pulled the daily limit at the end of the trading day."

During lunch break, Xie Jingxing ate takeout in the conference room and updated the operating instructions.

Ji Zhiqiang swallowed the food in his mouth hastily: "You don't want to play with retail investors anymore?"

"Volume is sluggish, and retail investors will be reluctant to buy, so give them a break."

Xie Jingxing was in a calm mood and tried to focus on the next few days.

Zhan Yunping put down his lunch box and took a big sip of coffee to refresh himself. Their workload would increase in the afternoon. Wan Xue silently used two fingers to hook a cup of ice cream in front of her. Today was Monday, so she had a reward meal and would lose weight tomorrow.

Ji Zhiqiang felt a little sorry. He suddenly found that he quite liked the ultra-short-term violent fighting. It was completely different from his usual trading state and very exciting.

That afternoon, the stock price maintained a high level of volatility and the turnover rate continued to rise. In the late trading, a huge buy order of 5 lots blocked the price limit.

Juntai Magic City Huaihai South Road Sales Department, Juntai Headquarters, and an institutional dedicated seat were listed on the Dragon and Tiger List together with Meidu Special Steel, absorbing 13 lots throughout the day with a total position of 6.3 million.

That night, Meidu Special Steel released its semi-annual report, with special high-temperature alloy steel revenue of 4.7 million yuan, a year-on-year increase of 31.97%, accounting for 16% of operating income, compared with 12.5% ​​in the same period last year and 2012% in 11.4. The proportion of military industry revenue has increased significantly year by year.

Early Tuesday morning, the number of daily limit buy orders in the call auction phase dropped to more than 1 lots and was decreasing rapidly.

The previous profit-taking had completely released the positive expectations for the increase in the proportion of its special steel revenue, and the sell orders increased significantly. Xie Jingxing continued to issue orders to absorb funds, and the stock price reached the daily limit in the final trading session.

The total holdings of 15 shares throughout the day reached 11 billion yuan. On that day, the share price of Coal City Special Steel increased by more than 200% in two months.

However, it can be seen from the accumulation data that despite the sharp increase in selling orders, Xie Jingxing pulled the daily limit easily without much effort, and other large funds entered the market. The Dragon and Tiger List shows that an institutional dedicated seat bought 4000 million yuan.

Zhan Yunping and his two companions returned to the hotel at night to rest. They were bored, so they got together to have a midnight snack to kill time. Wan Xue picked up a portion of fried chicken and a Coke. It was reasonable to have a muscle-building meal on Tuesday.

The stock price continued to rise to the daily limit on Wednesday, and another institutional seat was listed on the Dragon and Tiger list, buying 5500 million yuan.

Let's have a high-carb meal today, braised noodles with beans and pork ribs, paired with wheat juice.

On Thursday, the volume shrank and the stock price accelerated to the daily limit. Juntai Securities headquarters, which was on the Dragon and Tiger List, bought 1.3 million yuan, of which 4000 million was bought by Juntai itself.

KFC is having a crazy Thursday discount promotion, so have an indulgent meal to suit the occasion, and replace your wheat juice with a colorful cocktail to have a drink before you go to sleep.

On Friday, the stock price hit the daily limit again in the afternoon with reduced volume. In the afternoon, large buy orders piled up in the daily limit trading, and more and more scattered small buy orders were added.

Five consecutive daily limit increases in five trading days. Looking back at the Dragon and Tiger List of the past week, Coal City Special Steel has a luxurious lineup of buyers, including three institutional seats, a seat at Juntai Securities headquarters, and two typical hot money business department seats at Juntai Magic City Huaihai South Road and Xihua Jingcheng Tianshan Road.

Grapefruit Capital raised a total of 17 billion, accounting for three levels of total positions, exceeding this week's operation plan, which was much smoother than expected.

So let's celebrate and have a meal today... I'm shameless, I just want to eat... Wan Xue was exhausted both physically and mentally and was too lazy to make excuses. She took a sip of the sour and sweet cocktail skillfully, then picked up the afternoon tea dessert and put it into her mouth. She couldn't help but smile with a pair of small tiger teeth and a look of satisfaction on her face.

This is life. Without anyone noticing, he stretched out his legs and kicked the electronic scale hidden under the workstation to the side.

"I won't eat anymore. I want to lose weight, hahahaha."

Xie Jingxing closed the door and walked out of the conference room, blocking out Ji Zhiqiang's exaggerated and despicable laughter, and stretched his body lazily back to his independent office.

"Mr. Xie, do you have time now?"

Tang Man, who had just returned from a business trip and had not been seen for a long time, followed in. She had been living an increasingly comfortable life these days, with mouth-watering option rewards from above and countless peers and founders praising her from below.

In addition to being busy with projects, I try to make time for socializing and attending various lectures and summits to maintain my network, so as to strive to move up a notch in the venture capital rankings by the end of the year.

As long as Su He is not mentioned, she put a gift box on the desk and said, "I picked up a few antique records on a business trip to Hong Kong Island. Anyone who sees them can have half of them."

"How is the project?" Xie Jingxing nodded in thanks.

A mature woman is knowledgeable and tactful. Ever since she politely declined the offer that night at the Maldives Annual Meeting, Tang Man has been tactful and has stopped at sharing her hobbies with him, treating him as a private enthusiast.

"Lalamove started in Shenzhen and has quickly expanded its business to cover Guangdong. However, the freight business market is large enough and it will not compete head-on with Didi in the short term."

Tang Man briefly reported on the project at hand, then changed the subject and said, "Someone has been putting pressure on me recently."

"Wufeng Agricultural Project?" Xie Jingxing had a rough guess.

Tang Man raised her eyebrows. "Their investor, Everbright Holdings, asked an old friend of mine to intercede for us to acquire a stake in Wufeng Agriculture. They are willing to sign a short-term premium repurchase agreement, mainly to resolve the negative valuation risk from some time ago."

"Isn't this just a random search for a cure? If they resolve the valuation risk, how can Yunshan enter the market for acquisitions?" Xie Jingxing disagreed.

Tang Man unconsciously raised her hand to hold a strand of hair with an admiring look in her eyes: "I heard that Ma Laowu, uh, the founder of Wufeng Agriculture, Ma Diancheng, is hiding in his home in Beijing and not seeing anyone, and his wife Zhu Jinfeng ran to Hainan to hide from the limelight."

"The private creditors have applied for an investigation and found that the couple had maliciously transferred assets and had multiple properties and large amounts of cash deposits in their names. We are collecting evidence and negotiating to recover the debt. If that doesn't work, we can only sue them."

She explained in a complicated tone: "The bank creditors are in a panic and dare not extend the loan. The company can no longer pay wages. If it delays for another month or two, it will completely collapse. Early investors including Everbright Holdings will be buried in it."

"It won't last that long. Just hold on."

Xie Jingxing concluded that Yunshan's acquisition team was entering the market in a low-key manner. According to statistics, Wufeng Agriculture owed more than 2,000 employees tens of millions of wages.

It's all thanks to the management's efforts to delay time. Reliable intelligence has revealed that some middle-level managers have a change of heart and are willing to take the lead in leading grassroots employees to demand their wages, probably in the next few days.

Since Zhu Jinfeng and his wife don't want to save face themselves, we have no choice but to help them save face. By then, early investors such as Everbright Holdings should not think of taking a penny more from Yunshan Group. The right thing to do is to admit their losses and leave.

Tang Man sighed quietly. No matter how bad Wufeng Agriculture was, it was still a billion-dollar enterprise that could be easily controlled. The young man in front of her really made her feel a little overwhelmed.

"The pressure on my side is not too bad, it's mainly you, don't you have any big projects scheduled next?" She asked aimlessly. She was used to Xie Jingxing being high-profile and active in leading big projects. She felt uneasy for some reason when he kept a low profile for the past two months.

"I will be in the company for the next half month to a month, and the secondary market is doing well."

Xie Jingxing had expected that the trading team still had a large amount of positions that had not been used. The price of Coal City Special Steel would have to double at least to make it worth his while to personally trade the stock.

Moreover, it takes more than two months to find a new investment manager, and there are not many key projects in the primary market.

After being dragged by Tang Man to talk about work for a while, as it was getting close to the end of the get off work day, Xie Jingxing politely invited her to have dinner together to properly maintain their working relationship.

I checked carefully to make sure there was no long hair or perfume on my body and went home. As expected, I was interrogated by Yu Tong like a police dog. There was nothing I could do because the bigger my belly got, the more sensitive it was.

I just managed to get by, and watching the long-awaited battle between Luo Yonghao and Wang Ziru on the weekend was a form of entertainment and relaxation. The two had a passionate debate for three hours without a host.

Wang Ziru was completely helpless against Luo Yonghao's unreasonable but very self-consistent logic.

Xie Jingxing was hugging Yu Tong at home and laughing so hard, and he also called Xiao Wang to give him some compliments.

This guy might be thinking of mending the rift in the financing incident, and he worked particularly hard to implement his suggestions as a priority task. He persuaded Luo Yonghao and the other person to live broadcast on Panda TV, and posted on Weibo to help increase popularity. The peak number of people online for the live broadcast exceeded one million.

At the same time, taking advantage of the popularity of the just-concluded League of Legends Summer Games, it took the lead in organizing the League of Legends Competition for Internet Companies. Kuaishou, ByteDance, Tencent, Didi, Alibaba and many other large and small Internet companies gave face and organized their employees to form teams to participate in the competition.

These days, the general public's interest in Internet companies is on a rapid rise. The grudges and love-hate relationships between companies are suitable for creating memes, and the League of Legends game itself is quite popular.

The competition was very lively. Strictly speaking, this was the PGC professional content production that Xiao Wang had been expecting.

There is also another large-scale marketing campaign, in which positive energy anchor Mai Xuan and a well-known knowledge popularization internet celebrity will hold a live general knowledge quiz event with prizes to share one million cash.

——One million questions to answer, a national carnival.

The money-burning war in the online live streaming industry started without any warning. Douyu's Chen Shaojie actively took on the challenge without any preparation, and his peers complained and were worried.

At the same time, they all cursed Xie Jingxing, the behind-the-scenes capitalist, and had no time to respond.

Another trading week with billions of dollars to burn is much better than a little noise.

(End of this chapter)