Chapter 40: 233% Rate of Return, a Small Profit of 3 Million
Chen Mo had just stepped out of the bathroom after a shower.
’You can get abs from just running?’
Surprise and doubt were written on Chen Mo’s face.
Although he had been exercising for half an hour every day, it was just a casual workout, nowhere near the intensity of a proper fitness routine. Normally, that level of exercise shouldn’t be enough to build abs.
But just now in the shower, he had clearly seen his abdominal muscles starting to take shape.
’This is definitely not normal.’
’Could my special ability be doing this?’
Chen Mo stroked his chin, a thoughtful look in his eyes.
He suspected it might be an effect of his "the unluckier, the luckier" ability.
Besides the luck and misfortune aspect, it might also be enhancing his physical fitness to some degree.
After all, he often ran into unlucky situations, some of which were even dangerous.
’His golden finger is probably afraid he’ll kick the bucket, so strengthening his body seems pretty reasonable,’ he thought.
’A pleasant surprise, I guess.’
A happy smile spread across Chen Mo’s face.
’Who would complain about being in good shape?’
After making and eating a simple breakfast, he sat on the sofa playing on his phone, waiting for the stock market to open.
He opened WeChat and noticed a red "1" on the contacts icon.
Someone had sent him a friend request.
He tapped it to see the message attached to the request.
"Hi, I’m the girl who was with Zheng Xiaoxiao on Saturday."
Reading this, an image of Pan Kejia surfaced in Chen Mo’s mind.
’But why is she adding me?’
’And where did she get my WeChat ID?’
Chen Mo didn’t bother with it and simply ignored the request.
Time quickly passed. At 9:30 AM, the stock market opened again after a two-day break.
Ruisheng Pharmaceutical’s momentum was still quite good, and its price rose as soon as the market opened.
Although it wasn’t as dramatic as last week’s opening, when it immediately hit the limit up, the gains were still impressive.
Throughout the morning, the stock rose by about 5%.
He figured the afternoon wouldn’t see much change and that it would likely close with a 5% gain.
But at noon, a turning point came.
Ruisheng Pharmaceutical released an announcement.
"Since the last announcement regarding the effects of our company’s new drug, we have applied for and received approval for clinical trials with the utmost speed."
"Over the past week, we have completed Phase I clinical trials and are now preparing for Phase II."
"The results of the Phase I trials are encouraging. We have confirmed that the new drug has an outstanding therapeutic effect in treating issues with male endurance, making it the first and only drug on the market for this condition."
"Our company has already patented this drug. We only need to wait for the upcoming Phase II and Phase III clinical trials, after which the new drug will be launched. Please stay tuned."
Once this announcement was released, it once again captured everyone’s attention.
Chen Mo also saw the announcement, a joyful smile spreading across his face.
’I knew this stock wouldn’t just rise by a little; there had to be an opportunity for a huge surge.’
’And now, hasn’t that opportunity arrived?’
He read the announcement carefully.
The reason the clinical trial application was approved so quickly was that they had applied before.
It was just that at the time, the application was for clinical trials related to depression.
Although the drug’s purpose had changed, its chemical composition had not.
Thus, the approval process was very simple.
Furthermore, this new drug was currently the only one for treating issues with male endurance.
The market was huge.
The authorities also wanted the drug to reach the market as soon as possible, so they naturally green-lit the process.
For a new drug to be launched, it must first pass three phases of clinical trials.
Phase IV trials would be conducted after it hits the market.
Now, Ruisheng Pharmaceutical had already completed the initial part of Phase I and confirmed the drug’s therapeutic effects.
This proved that the new drug could indeed treat problems with male endurance.
Once that was confirmed, there was no longer any doubt.
Even if the drug couldn’t be launched immediately, in the capital market, its stock price would be driven up to its expected value long before the official release.
"Wow, it actually has this effect? I thought they were just hyping a concept."
"They’ve already done the Phase I trial. That was pretty fast."
"We can basically just wait for the launch now. The stock price is really about to take off."
"Good thing we predicted Ruisheng Pharmaceutical would surge again. We bought a lot this morning."
"We missed out on the last wave, but we finally caught this one."
"..."
Chen Mo read the group chat messages. The companies everyone worked for had bought a lot of stock last Friday and this morning.
Now, seeing Ruisheng Pharmaceutical’s announcement, their mood and mentality were completely different.
’Looks like everyone got on board.’
Chen Mo smiled. This morning had been the last chance to get on board.
Anyone who missed this chance would probably see several more days of the stock hitting its limit up after the market opened in the afternoon.
Sure enough, after the stock market opened in the afternoon, the 5% morning gain instantly jumped to the 10% limit up.
Not only that, but it hit the limit up every single day for the rest of the week until Friday!
After all, the capital market knew very well just how big its market would be once this drug was launched, and how strong the purchasing power of that market would be.
It’s said that e-commerce platforms have used big data to determine that men’s spending power is even lower than that of their household pets.
But this drug was different.
Women would take the initiative to buy it for their men.
...
In the blink of an eye, three weeks had passed since Chen Mo bought Ruisheng Pharmaceutical stock.
Fifteen trading days had gone by.
As of noon this Friday, Ruisheng Pharmaceutical’s stock price had risen by 4%.
Compared to the previous period of hitting the limit up daily, the gains had slowed down considerably.
But it was still growing steadily.
There might be a slight correction later, but once the new drug was launched, it would definitely experience another explosive surge.
Ruisheng Pharmaceutical’s share price had skyrocketed from the 11.6 yuan/share he bought it at to the current 38.6 yuan/share!
Each share had gone up by a full 27 yuan.
He had bought 1,100 lots.
This meant that in just 15 trading days, he had made 2.97 million yuan from this single stock!
’Almost three million yuan,’ he thought.
Chen Mo stared at the bright red numbers in his portfolio’s profit column, unable to hide the excitement on his face.
This time, his rate of return had even surpassed his earnings from Guanlan Automobile.
It had reached a staggering 233%!
And since Ruisheng Pharmaceutical was still rising, that rate of return would only get higher.
He checked his total assets again: 4.246 million yuan!
With a little more effort, his net worth could break 5 million.
He was only halfway to the 10 million net worth he’d bragged about while getting his haircut.
’I can sell some and hold onto the rest.’
Chen Mo considered it for a moment and decided to sell a portion.
He would need a chunk of cash to buy a car soon.
He could continue to hold the rest.
’Even though the daily gains aren’t as high as before, a 3% increase on 1 million is still 30,000 yuan a day.’
It was clear he could still profit from the Ruisheng Pharmaceutical stock for a while longer.
Besides, leaving some money in the account was perfect for "seasoning" it.
After all, to get approved for margin trading and use leverage later on, there were certain account requirements.
The account had to maintain a certain daily average balance for a number of consecutive days, have a certain trading history, and so on.
Once the account was seasoned, he could use leverage to make bigger profits with less principal.
With that, Chen Mo began the transaction.
Since everyone knew Ruisheng Pharmaceutical would continue to rise, his sell order was snatched up almost instantly.
He sold off 400 lots. After deducting the stamp duty, transfer fees, and other charges, he received 1.542 million yuan.
’This is more than enough to buy a car.’
Chen Mo looked at his bank account balance and smiled with satisfaction.
’I’ll go tomorrow!’
Chen Mo immediately messaged the Porsche salesperson he had added online and scheduled an appointment to see a car the next day.
Most young men dream of owning a luxury car.
He also had a dream car in mind.
However, due to the restrictions related to blue and green license plates,
he could only choose a more accessible alternative to his dream car.
But even if it was just an alternative, it would still be the first car of his life.
He’d get it first and worry about the rest later.
After all, as the saying goes, don’t get hung up on whether it’s good or not; first, solve the problem of whether you have one or not.
People spend all day looking down on this and turning their nose up at that.
In the end, after all that fuss, all they know how to do is wank at home, and they’re still virgins after all this time.
Meanwhile, other guys have already slept with a hundred people, collecting so many hotel key cards that they could stick numbers and letters on them and play a game of Fight the Landlord.
Huh?
’Weren’t we talking about cars?’