"Alright, Brother Family. You’re safe now that you’re in our car, no need to worry about anything else. I’ll make sure you get to the airport safely. All you need to do now is think about how to reward us."
Allen Zhang started the Highlander, reversed out of the abandoned building, and drove away from the street heading straight for the airport in the Central District.
The stockbroker hesitated a moment, "I have an exclusive insider tip. There’s a stock that’s going to surge tomorrow. You could buy it and just sit back to make money. Absolutely no risk! I guarantee it!"
"You just tricked those local snakes with stock schemes, and now you want to trick us with stocks," Zorro frowned slightly, displeased, "You really have no sincerity. I suggest we just throw him back into the sewer to rot!"
"Don’t do that!! I’m telling the truth! This is an exclusive tip I managed to gather after much difficulty, originally planned for making some money myself, but I don’t have much capital, only Two Hundred Thousand Dollars, and now even that’s gone."
The stockbroker continued with a worried expression, "That stock involves several private equity teams who have agreed to enter the market at tomorrow’s opening, jack up the price, and shoot it up by at least 300 points within a short time! After drawing enough small investors in, they’ll crash it at a high point! Huge profits when exiting the market. Even an idiot can make money from this if timed precisely!"
"What’s the name of the stock?" Zorro, seeing his reasoned explanation, was also startled.
"Tingke Mobile (TNK) stock, it will triple within half a trading day. Then, it will plunge straight down," the stockbroker said, "that’s the insider tip I received."
"The current stock price is 13.6 US dollars, but it will fluctuate and drop to about 12.6 US dollars later today. You can enter at this price point today, just keep holding it and by the official opening tomorrow, it will skyrocket, reaching up to 39 dollars! But you can start selling around 37.8 dollars, letting others take over, so you can safely exit the market. It’ll be too late otherwise, as the price will crash and plummet the moment it hits 39 dollars! By then, you won’t even be able to sell."
The stockbroker earnestly continued, "I’m absolutely not lying! If it weren’t for the fact that I no longer have the initial capital, I would definitely throw everything into it!"
" How can you be sure that our capital won’t get stuck if we go in? If there’s extra large capital entering, those private equity funds will definitely notice," Allen asked.
Although he wasn’t well-versed in stock operations, he had seen people make money from it, but ultimately, this thing is just for chopping leeks, harvesting money from small investors and middle-class families.
The essence of finance is to make money off the poor, split the middle class’s money 70-30, and return the rich’s money in full.
"So, the investment capital from the same account should not exceed one million US dollars," the stockbroker suggested, "Not even from the same area, as it would only add unnecessary market risk. Even I, who received insider information, can only ride along and sip the soup, not daring to compete with capital for meat. You better not think about splitting the cake either. Earn a little and run, that’s the key to surviving the stock market."
The bloodless murder of the financial stock market is far crueler than street shootings. One second you’re a multimillionaire, the next second you’ve lost everything down to your underwear.
A lonely grandeur from top of skyscraper!
Allen Zhang fell into deep thought, the car became quiet. After about fifteen minutes, the vehicle reached the Central District airport, and stopped in front of T2 terminal, where the stockbroker hurriedly got out of the car.
"I’ve told you the situation now. Just do as I said, and you can make money without any risk! If what I said turns out to be false, you can come looking for me! Good luck! Goodbye!"
He said, without turning back hurried into the T2 building. The airport staff, seeing his desperate and disheveled appearance, were also somewhat astonished.
Allen watched him leave, then turned the car around and drove off.
Passing a traffic light junction, he took out his phone to check the details of the stock called Tingke Mobile (TNK).
The current stock price was at 13.5 US dollars.
If it follows what the other party said, it will continue to fluctuate and drop to 12.6 US dollars until the closing price.
If he buys up the whole 1 million US dollars of stock at 12.6 dollars per share tomorrow at the opening and waits for it to shoot up, selling precisely at 37.8 dollars, then within just half a day, including the capital, he can make three million US dollars! A triple profit.
If Blitz operates multiple accounts with an input of 5 million US dollars, they could rake in 15 million US dollars!!
US stocks don’t have daily price limits, meaning a stock can theoretically rise or fall unlimited within any trading day, from a peak of 1000 US dollars to a rapid evaporation to 0.1 US dollar. There is no fixed percentage limit, but there is a circuit breaker mechanism.
That is, when a stock’s trading price rises or falls by more than 5% within a day, that stock will be suspended for trading for 5 minutes.
When a stock’s trading price rises or falls by more than 10% within a day, that stock will be suspended again for 5 minutes. When a stock’s trading price rises or falls by more than 20% within a day, that stock will be suspended again for 10 minutes.