Chapter 174: The Expert Dies Trying to Catch a Falling Knife_2
Besides, Ren Zhong must have just done it casually, the focus still needs to be on our side.
After all, even with just a 10% commission, once this wave of short selling succeeds, Ren Zhong's gains will exceed one billion.
However, this discrepancy always makes Yang Bingzhong feel uneasy, as it doesn't match the "invincible persona" Ren Zhong had established in the past.
He secretly thought, although Ren Zhong is formidable, I should keep an eye out for myself.
Ren Gushen doesn't know about my maneuvers with the Private Equity Fund, all decisions are based solely on the "mere" 5.13 billion I let him see.
Thus, Ren Gushen's decisions will definitely revolve around the scale of 5 billion.
Different levels of capital indeed require different judgment methods, Yang Bingzhong reminded himself, hmm, I mustn't completely imitate Ren Zhong's actions, I need my own judgment.
Here, Ren Zhong then cleared the position on the first Demon Stock, which he entered with an additional 1.14 billion obtained from double leverage, gaining about a 28% increase, and reclaimed 1.4592 billion in funds.
After deducting the margin loan and interest, Ren Zhong's personal account currently had about 1.5 billion.
At 8:30 in the morning, Ren Zhong decided it was time to close the net.
At this moment, Yang Bingzhong was sitting on the sofa in his dungeon office, eagerly watching the projection screen.
Outside, the bodyguards escorted professional team members one by one into the interrogation room.
Inside was a special professional he had hired from Zhan Sha County, a Fifth Level Telekinesis Master.
This extraordinary Telekinesis Master would uncover all the secrets in the hearts of the professional members.
"Mr. Yang, clear the short orders. I have cleared the frozen storage sector stock and am ready to bottom fish."
"Great! By the way, how much did you earn on that stock?"
"Not much, just around 11%."
"Impressive!"
"Let's not dwell on these trivial matters, quickly clear all the short orders for Starship Shipbuilding."
"Got it!"
At this time, the decline in Starship Shipbuilding had already reached 25% compared to last night's beginning of the short sale.
On the forums, the bears and bulls held their ground, each with their argument, fiercely debating.
Yang Bingzhong, watching like a seated mountain enjoying the tiger fight, completed two steps of operations with a smile, clearing the short positions from two accounts.
About half an hour later, by 9 o'clock in the morning, the clearing was completed.
Yang Bingzhong counted the profits.
The so-called clearing of short positions actually meant he had to fund to buy stocks in the market to return the borrowed shares to the brokerage.
Due to Yang Bingzhong's large buying, the stock price rose again during this period.
The average decline he finally enjoyed was 23.5%.
His private account, after deducting capital and margin interest, net returned 1.205 billion; plus the 1.026 billion principal from the loan, the total account balance became 2.231 billion.
It was terrifying on the Private Equity Fund's side. After completing the margin stock trading, the net return was 9.246 billion, including 2.845 billion principal and 4 billion in loans from the bank, the Private Equity Fund account's balance became 16.091 billion.
After subtracting the loan from Liao Yuan County Bank, and giving Ren Zhong a 10% profit share, his personal net assets became 14.2 billion!
Yang Bingzhong was stuffed full this time.
Fatter than he imagined!
He leapt from his chair with excitement, his fists wildly swinging in the air.
He worked hard for most of his life, exhausting his efforts, scheming this and that.
He leached on the backs of everyone in Starfire Town like a persistent sore.
Because of the Alien Ore, he'd been constantly worried.
But he never expected that just gaining a Ren Zhong allowed him to achieve a once-distant dream within half a month!
A hundred billion assets!
I did it!
His hands trembled uncontrollably.
Looking back at the little events of the past ten days with excitement, Yang Bingzhong felt as if it were a dream.
To think, earning money in the stock market could be so easy.
If I had known, why would I bother with Alien Ore!
Purely redundant!
Losing the Alien Ore means nothing!
At latest by next month, I will push to become a Fifth Level Citizen!
Hahahahahahaha!
Yang Bingzhong paced back and forth in the office again, calculating in his mind.
Ren Zhong's largest capital play before was 500 billion, and it was because he won so big that trouble arose.
In the future, when my capital reaches 500 billion, I'll have to advise him to be more conservative, not always going for big, fat triumphs — we need to be steady and let the stream run long.
I don't know who said this wise truth.
Compound interest is truly a miracle of the human world!
Feeling satiated and desiring something else, Yang Bingzhong instinctively waved his hand, intending to call Tang Shuying to join in the celebration through the wrist watch.