This Bad Luck is Awesome!

Although the market didn’t open until 9:30, the clash had actually begun before the opening bell.

Before the market opens, the stock market conducts a call auction.

The opening price is determined based on everyone’s bids during this period.

Yesterday, a Sunday, Guanlan Automobile had officially released an announcement.

It stated that negotiations were proceeding very smoothly and that both parties had a strong desire to collaborate.

Furthermore, they were highly complementary in many areas.

In short, while no formal agreement had been signed, the probability of a partnership was very high.

For the capital market, this announcement was extremely positive news.

As a result, the bidding for Guanlan Automobile’s stock today was exceptionally fierce.

’It’ll probably hit the limit right at the open,’

Chen Mo guessed.

This wasn’t an unprecedented situation. When a stock is on an upward trend or there’s a sudden burst of good news, investors might scramble to buy shares during the call auction, causing it to hit the daily limit right at the open.

Guanlan Automobile’s announcement was, without a doubt, hugely positive news.

And just as he’d expected.

The moment the market opened, Chen Mo saw Guanlan Automobile’s ticker light up in red.

yuan, +2, +10%

A bright red line of data displayed Guanlan Automobile’s current stock price, the day’s change in value, and the day’s percentage change.

It had hit the daily limit right at the opening bell.

And because everyone knew about this positive news, very few people were selling.

This meant that many institutions and retail investors who wanted to buy in simply couldn’t!

Even though some institutions could place buy orders at the limit-up price the night before to get a head start, the retail investors weren’t fools. Why would they rush to sell a stock that was so obviously going to rise?

So, while a huge number of institutions and retail investors had placed buy orders at the limit-up price, the trading volume was minuscule.

’Looks like it’ll be locked at the limit for the rest of the day,’

Chen Mo thought with a happy smile as he checked the data.

’This is the value of inside information.’

’Knowing something just a few hours before everyone else can bring you enormous profits.’

He had bought in on Friday, and now he was gleefully watching the stock sit at its daily limit.

Meanwhile, those who hadn’t bought in on Friday could only get in line with their bids, waiting for someone to sell so they could buy.

When they would be able to buy, at what final price, and how much they could profit over the cycle—it was all up to fate.

’Time to check today’s earnings.’

Chen Mo opened the app and checked his earnings.

Guanlan Automobile: Cost 21 yuan / Current Price 22 yuan, Daily P/L +26,000, +10%.

The stock would almost certainly close at the daily limit, meaning his profit for the day was 26,000 yuan.

Calculated from his initial cost, his total profit on the position had already reached 13,000 yuan.

’Chicken dinner tonight,’

Chen Mo nodded in satisfaction, deciding to treat himself to a nice dinner.

Then, he opened his WeChat group and glanced at the chat.

"Fuck, I put in a limit-up order at 9:25 and still couldn’t buy a single share."

"No shit. Everyone knows this stock is gonna shoot up, so they’re all flooding in."

"This is so damn hard. I bet it’ll hit the limit at open tomorrow, too. It’ll be just as hard to buy."

"Always one step behind. I’ll never get rich in this lifetime. Dammit!"

"Oh God, please just give me some inside info."

"Bro, this is China. You gotta pray to the God of Wealth."

"..."

Everyone in the group was talking about the stock. As expected, almost no one had managed to buy in.

They were all staring at the bright red +10% on their screens, unable to buy in, their eyes practically turning red with envy and frustration.

DING!

Just as Chen Mo was smiling at the chat logs, he received a WeChat message from Xia Shiqing.

"Thank God we bought in on Friday. We really wouldn’t have been able to get any today."

Xia Shiqing was in an equally good mood. Who wouldn’t be, watching yourself make money while others couldn’t get in on the action?

But it was all thanks to Chen Mo. Otherwise, she’d be just like everyone else in the group, desperate to buy in but unable to.

’It’s a shame, though...’

she thought, a hint of regret tempering her happiness. If only she had been bolder and used company funds to make the trade.

A score like that would have definitely solidified her prestige and position within the company.

And those ’bitches’ could stop eyeing her position.

"What’s a shame? If the company had bought in, you wouldn’t have been able to,"

Chen Mo replied with a smile.

Xia Shiqing: "True."

As a department head, she would know about her company’s proprietary trading decisions in advance. If she bought or sold the same stock, she would be under suspicion of insider trading.

There were already people gunning for her job. If she made such a fundamental mistake, some of them would probably pop a bottle of champagne right there in the office.

After chatting for a little longer, Xia Shiqing had to go to a meeting.

Chen Mo, meanwhile, downloaded the Citic app and opened a new account.

’Even though I plan on giving Xia Shiqing some stock tips, she should only know what I choose to tell her.’

’If I keep using the old account, she’ll see every trade I make. That’s not going to work.’

’Business is business.’

...

Over the next two days, the situation was identical to Monday: the stock hit its daily limit the moment the market opened.

Including Monday, that made for three consecutive days of hitting the limit. The positive news was proving to be incredibly potent.

After those three days, Guanlan Automobile’s stock price had reached 26.62 yuan.

Based on his cost price of 21 yuan, he was making 5.62 yuan per share. With 130 lots, that was 73,000 yuan!

73,000 yuan in three days!

However, the subsequent gains probably wouldn’t be as high. The momentum from the good news was mostly spent, and many retail investors had chosen to sell today.

Sure enough, while the stock continued to rise over the next few days, the gains dwindled to 6%, 5%, and then 4%.

Seeing the daily gains shrinking, more retail investors started to sell off.

But the institutional investors did the opposite, beginning to buy up shares in massive quantities.

"Don’t rush to sell. There’s more good news,"

Xia Shiqing messaged to tell him.

"I know."

Chen Mo wasn’t surprised in the least. He had no intention of selling yet anyway.

’I’m sure it’s going to jump again later.’

’Because the luck that follows my misfortune always brings massive returns.’

’The return from this stock isn’t high enough yet, so it has to keep rising.’

"I know you know."

"?"

Chen Mo was taken aback for a moment by Xia Shiqing’s reply.

’What is this, a Russian doll conversation?’

Still, her message confirmed to Chen Mo that the institutional investors must have gotten wind of something.

Before, no one knew these two completely unrelated companies were going to partner up, so the news had caught them all off guard.

But now that they knew, they were naturally paying close attention to both companies, using every means at their disposal.

They had clearly dug up some crucial information. No wonder the big players were all buying in.

Just as he thought, Hua Zi and Guanlan Automobile soon made a joint official announcement on their social media accounts.

The two parties had formally reached a partnership agreement. Hua Zi would provide the in-vehicle infotainment system, smart driving software, drive motors, radar, and other hardware and software, serving as Guanlan Automobile’s primary supplier.

In addition, Hua Zi would be responsible for the exterior design, advertising, and retail sales.

Guanlan Automobile, in turn, would provide the factory, chassis, vehicle manufacturing technology, and production licenses. Together, they would manufacture new energy vehicles positioned for the mid-to-high-end market.

The moment this announcement was released, Guanlan Automobile’s stock price shot up and, without a doubt, hit the daily limit once again.