Chapter 129: Selling at the Peak, Astonishing Profits
Yang Qiniang trusted Lin Feng.
But faced with the current dire situation...
He had already prepared for the worst and lost all hope for the afternoon’s stock performance.
He even felt that seeing them turn positive was a pipe dream.
Yang Qiniang wasn’t the only one who thought this way.
The other staff members felt the same.
This was especially true for the core team members who worked closely with Lin Feng.
Their palms were already sweating.
However, just when everyone had braced for the worst...
When the market opened in the afternoon...
The remaining three stocks all turned positive at once.
What was most unexpected was that all four stocks Lin Feng had bought had risen by three percent within just half an hour.
A gain of this magnitude was a rare sight in the stock market.
This was especially true since these four stocks had been sluggish for a long time.
"They’re... they’re in the green!"
One of the staff members was the first to react, unable to control the volume of his voice.
His shout snapped the other stunned staff members back to their senses.
"Damn, Brother Feng, you’re something else... Are they really going to climb back up?"
Yang Qiniang’s mind raced. He instantly recalled how Lin Feng had repeatedly told him there was nothing to worry about.
A bold guess formed in his mind.
’Could it be that Lin Feng knew from the very beginning that these stocks would turn positive today?’
But the stock market’s trends...
No one could predict them with perfect accuracy.
At best, one could only make slightly more accurate forecasts.
However, Yang Qiniang had no time to dwell on it. Everyone’s attention was completely focused on the charts.
Within the next hour, these stocks became the ones with the strongest momentum in their respective sectors.
Because the gains were so massive, many retail investors and investment firms also took notice of these stocks.
Even though everyone knew that chasing a rally was a very dangerous move, the market hadn’t seen stocks with such fierce momentum in a long time.
So, some people, hoping to get lucky, started pouring money into these stocks.
In truth, it wasn’t rare to see stocks with strong momentum on any given day.
But these particular stocks had always been considered junk stocks by everyone.
For them to suddenly show this kind of momentum made them all the more conspicuous.
"RISE! RISE! RISE!"
Yang Qiniang shouted excitedly from the side, clenching his fists.
He was more worked up than if he were watching a sports game.
Inside the room, the others couldn’t help but be infected by the tense atmosphere.
Every one of them stared at the lines on the screen with bloodshot eyes.
Lin Feng was watching, too.
But his expression was quite calm.
At the same time, Lin Feng was silently counting something in his head.
Six percent!
At this point, the gains on all four stocks had surpassed six percent.
This was a staggering number.
"Mr. Lin, shouldn’t we sell now?"
"We’ve already made a decent profit!"
"These stocks are behaving so strangely. The next thing you know, they could plummet..."
"If we sell in time, we should have earned more than enough!"
The three core team members rushed over to Lin Feng.
They anxiously voiced their opinions.
In their view, such a high number was already extremely dangerous.
It was also a rare high point.
Selling at a peak like this was the most correct choice.
If they got greedy and kept waiting...
...the subsequent fall would be unbearable.
Besides, looking at the historical gains of these stocks, this was already their highest-ever single-day increase.
However, Lin Feng took a sip of coffee and said, "No need to rush. Let’s wait a little longer."
Lin Feng was the one making the decisions, so no matter how anxious they were or how much they wanted to sell the stocks, they couldn’t act.
Their eyes were riddled with bloodshot veins.
They had forgotten how long it had been since they’d felt this tense in their entire careers.
It was as if their nerves were about to snap at any second.
This was just too intense...
Everyone was worried the stocks would crash the very next moment.
Yet, Lin Feng just squinted slightly, watching the four lines climb upward.
When one of the lines reached seven percent...
Lin Feng said quickly, "Sell this stock immediately!"
The team was glued to their computers and phones, waiting for this very command.
The people at the brokerage also completed the transaction swiftly.
Just then, Yang Qiniang noticed that one of the three remaining stocks had started to decline.
"Brother Feng, Brother Feng! Should we sell this one?"
Yang Qiniang’s voice was laced with tension and urgency.
Lin Feng just glanced at it. "No, wait a bit longer."
Meanwhile, the stock Lin Feng had just sold hit its daily limit up not long after the transaction was completed.
However, after trading resumed, it went into a cliff-like nosedive.
It plunged right back down to the price at which Lin Feng had bought it.
And it was still falling.
The speed of the drop was so fast that some people couldn’t even react.
A precipitous nosedive was what every stock market investor feared most.
Yet it had just happened with this tech stock.
All at once, some people at the brokerage became agitated, and the scene descended into chaos!
How many people had bought at the peak, only to have the stock crash on them while it was still in their hands?
They were completely wiped out.
Yang Qiniang stared, dumbfounded, at the chart’s trajectory. He silently turned and gave Lin Feng a look of profound admiration.
"Incredible, Brother Feng. You’re truly incredible!"
For this stock, Lin Feng had chosen to sell at the perfect moment, right before it hit the daily limit up.
He perfectly avoided the trading halt.
And he also perfectly avoided the nosedive after trading resumed.
He had completed the trade at the most precise point possible.
Seven percent...
Lin Feng had invested seventy million.
This meant that, after deducting transaction fees, in the span of a single day he had made a direct profit of over 4.5 million!
This was a terrifyingly large number.
And this was after Lin Feng had only been trading on the stock market for two days.
To have such returns...
Just as the others were looking at Lin Feng with admiration...
Lin Feng saw that the stock on the enterprise board, the one he had invested fifty million in, had risen to the number he had in mind.
"Sell this one too!"
Lin Feng gave the order.
The others reacted instantly and executed the trade.
After Lin Feng’s trade was completed, the same situation as the tech stock before occurred once again.
This stock from the enterprise board also hit its daily limit up.
It’s just that after trading resumed, it didn’t nosedive as crazily as the previous stock.
But it was still in a straight-line decline.
He had still sold at the absolute peak.
Getting out right before it hit the limit.
Yang Qiniang, his face a mask of shock, looked at the stock chart, then turned to look at the calm expression on Lin Feng’s face.
This was an investment of fifty million.
Sold at a 6.8 percent gain...
...a profit of around three million...
Yang Qiniang couldn’t help but swallow hard.
’How the hell can he be so precise?’