Chapter 85: No Dumping Stocks, Wen Zhou’s Assistance
Su Wanyu curiously glanced out the window. Luo Juncheng was lowering his head in silence, packing up his desk.
“A solid base camp, but soldiers come and go—this is perfectly normal,” Lu Liang replied dismissively. He picked up Su Wanyu’s attendance card and booked the remaining 70 lessons in two separate sessions. The lessons were already nearing their end.
“Aren’t the graduate exams usually held at the end of the year? There’s still three or four months to go. Why start preparing now?” he asked.
“You’re talking about the unified exams for graduate school. Registration opens next month, on the 22nd.”
“Well, that’s still over a month away. How do you plan to spend the time until then?”
“My dad wants me to go back home for a while. I’ll return after the Mid-Autumn Festival to register,” she replied.
“When are you leaving?” Lu Liang asked in surprise.
Although he didn’t know who had sent it, a mutual understanding had already formed between them—to make this stock take off.
After all, Teli A had dominated the hot stock rankings for days. With all this massive traffic, there was no way they’d let it go to waste.
Yesterday, Lu Liang had invested 7 million yuan at the market open, but he’d made no further moves. This conveyed his intentions clearly.
The message about not dumping stocks this week reflected their stance. But starting next week, it will be every man for himself.
Both sides tacitly understood each other, and thus, during the stock market crash, Teli A became the brightest star in the market.
“Chasing the hot, not the cold. Black publicity is still publicity.” Teli A perfectly exemplified this phrase.
Without shareholders, speculative funds, or institutional investors steering the market, the stock relied entirely on retail investors. By the afternoon’s close, it reached 25.85 yuan, with a gain of 7.25%.
“If an institution gets involved in the next few days, there might be another minor rally,” Lu Liang muttered to himself.
However, he had already decided to start unloading his shares next week, passing the baton to the next participant. If an opportunity arose in the future, he’d re-enter the market; if not, he needed to start preparing for private equity investments.
The next day, Lu Liang drove Su Wanyu to the high-speed rail station. She was heading back home to southern Fujian.
“Bye-bye! Make sure to call me often~”
Su Wanyu added earnestly, “I’m worried I might disturb you if I call, but if you call me, I’ll always have time.”
After saying that, she tiptoed, stole a quick kiss on his lips, then looked down, grabbed her small suitcase, and fled.
Lu Liang touched his lips and muttered, “Too fast, I didn’t even feel anything.”
It seemed like Su Wanyu heard him because she ran even faster. Lu Liang waved and shouted, “Bye-bye~”
A soft smile spread across his face as he watched her leave.
Lu Liang returned to the office and summoned Wen Chao, instructing him to monitor stock trends and compile a report by Friday.
It was time for Lu Liang to start grooming an assistant. The A-share market (China’s stock market) was manageable in terms of work hours. However, once U.S. stocks and international futures came into play, staying up all night as though it were daytime would become unsustainable.
Wen Chao was ecstatic and nodded repeatedly, taking the task seriously.
Every day, he prepared observations before work and summarized them afterward.
By Friday, Wen Chao, with dark circles under his eyes, handed over his report. “Mr. Lu, on Thursday at 10:10 a.m., there was an unusual transaction. Over 4 million yuan was invested in a single buy. Sixteen minutes later, another 5 million was invested using the same method.”
“Then, on Friday at 9:35 a.m., the same investor bought an additional 12 million yuan, momentarily pushing the stock to its daily limit.”
“There may have been subsequent small purchases to average down, but the amounts were too minor to confirm. It’s likely this will appear on today’s Dragon and Tiger List.”
As if to confirm Wen Chao’s prediction, at 5 p.m., the Shanghai Stock Exchange released the Dragon and Tiger List. After several days, Teli A had returned to the list with force. Three institutions collectively purchased 48.5 million yuan worth of shares.
“Find out who these three institutions are,” Lu Liang instructed.
Wen Chao nodded, and after a while, he reported back: “Mr. Lu, the first one, Yixing Road No. 22, is Lin Qixian’s seat. The second, Fuhai Road No. 2, belongs to Ma Yongwei. The third, Xiangyang Road No. 122, is Xu Wenlong’s seat. All three are top-tier speculators who’ve been active in the market for years.”
Hearing these names, Lu Liang nodded. “The Wen Zhou Gang.”
Among the many top-tier speculators in the A-share market, the Wen Zhou Gang stood out the most. They were known for their ruthless strategies and extreme methods.
Typically, they would quickly drive up a stock’s price and just as swiftly dump shares to cash out, causing massive price fluctuations.
Retail investors had a love-hate relationship with them—those quick enough to sell before the Wen Zhou Gang did could reap huge profits, but those slower would inevitably be left holding the bag.
Lu Liang turned to Wen Chao. “What do you think?”
Caught off guard, Wen Chao hadn’t expected Lu Liang to ask for his opinion. Struggling to contain his excitement, he pondered for a while before responding, “I think they want to hype up the stock. Otherwise, they wouldn’t have entered so brazenly.”
“Their cost basis should be around 32 yuan. If the stock doesn’t attract enough attention, their 40-million-yuan investment will be completely trapped.”
“To prevent that, next week’s trend should be a steady rise.”
“Though, there’s another possibility,” Wen Chao added after some hesitation.