Chapter 423: Spring Comes and I Don’t Speak First...

Words : 2011 Updated : Oct 15th, 2025

"Mr. Lu, some people are starting to lose their patience,” Sun Yutao hurriedly reported the latest situation right after Chen Jinchun had left. Just now, the share price plummeted from 4.29 US dollars to below 4.02 US dollars within a matter of seconds. However, the support at 4 dollars was very strong. Trading volume had surpassed one hundred million dollars, and it was still not enough to break through the price level. Lu Liang pondered for a moment and quickly issued an order, “Follow suit, we also sell off. To gain, one must be willing to let go.” The price at 4.3 dollars had been stable for too long. To surge upwards would require a significant investment of funds, but institutional investors did not have enough chips in hand. Institutions had money but lacked chips. They weren’t willing to boost the stock price for retail traders at no cost. So they must sell off first, causing the stock price to fall and market panic, prompting a mass sell-off by retail traders. Then they could take the opportunity to accumulate chips. Only when they had amassed enough chips would they start pushing the price up. Now that someone had fired the first shot, Lu Liang and his team had to sell-off in response. Because the person who fired the shot also didn’t have that many chips – otherwise, the 4-dollar price level would have been broken. With 17.21 million shares in hand at this moment, they were the absolute market makers and had to make their position clear. "Spare no expense in breaking through the 4-dollar line, then buy back below 3.4 dollars.” Following Lu Liang’s command, twelve traders sprang into action, and the stock price plunged below 4 dollars almost instantaneously. Panic gradually spread, and retail investors began to wonder – does Panda justify an 8 billion dollar market cap? With an issue price of 2.2 dollars, selling now still offered an 80% return. Delaying it would only decrease the profits. Once doubt set in, the blame was already assigned. In an instant, share prices tumbled down. 3.9… 3.8… 3.6… The newly listed stock, due to the presence of many investors looking for profits, was as fragile as paper. Like gamblers who win, they are often extra cautious, afraid to give up the gains they’ve made. Lu Liang only needed to sell 5 million shares to set the whole market following the trend, with share prices plummeting to 3.45 dollars in an instant. The fluctuation of 95% to 57%, a massive swing of 38%, all happened within one minute. Suddenly, at a stock price of 3.44 dollars, a force, or multiple forces, began to aggressively buy up shares. Lu Liang narrowed his eyes and immediately ordered, “Stop selling, start buying.” Although the stock price hadn’t reached the anticipated 3.4 dollars, someone had already beat them to the punch. Right now, institutions, including themselves who only had 12 million shares left, were too low on chips to smash the market violently. Since someone had preempted the move, they could only go with the flow, joining in to collect chips and push the price up, waiting for the next market wave. "The game is still too small,” sighed Lu Liang. Watching the stock price climb higher and higher, swiftly returning to 4.3 dollars and getting ready for the next surge. Lu Liang turned to ask, “How many chips do we still have on hand?” Sun Yutao answered, “We had sold off 5.1 million shares earlier and just now bought back 2.3 million shares, leaving us with 14.3 million shares.” US stocks, unlike A-shares, use a T+0 trading model, where shares bought today can be sold the same day, making all of them liquid stocks. “14.3 million shares?” Lu Liang rubbed his temples. Over 60 million chips – hardly enough to pique his interest. Who was the short-sighted fool who launched the price surge too early, making all the retail investors aware that they were inducing a trap? Now, those holding the shares would probably cling to them even more tightly. Strengthened resolve would make washing them out even more difficult. Lu Liang pondered, looking at the 2.425 billion dollars in cold, hard cash lying idle in the account. Money that doesn’t circulate is a mean waste. Only when it flows does it really become money. "After midnight, pull it up directly. First, push the stock price to 6 dollars and see how it goes from there.” Lu Liang thought for a moment, then decided to abandon the petty pilfering ways of the speculative traders and take on the role of a real major player. He too wanted to keep a low profile, but his strength didn’t allow for it. So he might as well unleash it entirely and turn Panda into a monster stock. Let this stock surge by over 200% on its first day, breaking past a market cap of 10 billion dollars, and leaving all others in the dust. "Yes, Mr. Lu.” Sun Yutao nodded eagerly, excitement flickering in his eyes. He had felt Lu Liang was acting strange since the market opened. They had the funds and the chips. Why should they act at the behest of others? They were fully capable of being the initiators of market movements themselves. Dealing with several tens of millions of dollars, a profit or loss of a few million, was just a drop in the bucket compared to their previous projects. By wielding a vast torrent of capital to force a violent price surge, they could catch institutions, speculative traders, and retail investors off guard, leading to irrational chasing after the stock. Finally, they found an appropriate moment to settle their profitable positions, which was exactly the kind of operation Boss Lu should have employed. Lu Liang smiled wryly as a hint of helplessness flashed in his eyes. If he had known that Sun Yutao was so knowledgeable, he would have just let him take full charge. He could have just stood by silently, posing as an expert. This was his true level without any external aids, always habitually keen on sneaking advantages, having forgotten that he had already become a Market Maker. Taking out 9 billion dollars for an IPO subscription of stock, probably a unique case worldwide, they were also currently the largest holder of tickets. Half an hour later, the chimes of midnight rang out. Lu Liang deliberately delegated power, Sun Yutao taking it as a test from Boss Lu, decisively entering the market with substantial funds. He was very confident, the first trade directly utilizing one hundred million dollars with the force of a hurricane sweeping away fallen leaves, violently boosting the stock price. Because US stocks have certain restrictions on short selling new stocks, primarily to prevent market manipulation and to provide stability. So now, this stock didn’t have real shorts, and as long as the market heat was high enough, no one would smash the plate. One hundred million dollars entered the market, swallowing up 360,000 shares at the price of 4.33 dollars, and 1.8 million shares at the price of 4.4 dollars. The former, 4.33 dollars, was today’s highest point during the session, while the latter, 4.4 dollars, was an important threshold for a 100% increase. Both were considered as insurmountable barriers in the eyes of the market, but they were as fragile as paper under the flow of capital. Two barriers, instantly breached, From that moment on, the sky was the limit, and the stock price climbed again rapidly. 5 dollars, an increase of 127%, with a market value of 9.588 billion dollars. 5.5 dollars, an increase of 150%, with a market value of 10.56 billion dollars. … Funds on the account rapidly decreased, the number of chips swiftly grew, upon receiving a signal from Lu Liang, Sun Yutao once again threw in 300 million dollars. The funds seemed inexhaustible, repeatedly lifting the psychological expectations of numerous investors in the market, making them gradually become blind followers, not bothering to think, only wanting to get on board and not to miss out. A large number of investors followed suit and bought in, causing the second infusion of 300 million dollars to be accomplished with only half the funds. The stock price then broke through the 6-dollar barrier, an increase of 173%, with a market value of 11.531 billion dollars. At the same time, Xu Jiawei knocked on the door and entered, Lu Liang’s phone rang, it was an international call. Lu Liang walked to the door and answered the phone, leaning against the doorframe, a plaintive voice came through, “Lu, why are you in such a hurry? We haven’t even set our positions.” "It has nothing to do with me,” Lu Liang feigned innocence, the corners of his mouth lifted in a smile. Through this conversation, it could be inferred that JPMorgan’s investment department had missed the opportunity, becoming a victim of the violent price surge. "Lu, apart from you, who else could use such tactics?” Wilson sighed, but he bore no blame towards Lu Liang. The popularity of this stock was now whipped up, it would not be difficult for its price to break through ten dollars, or even fifteen dollars in the next half year. Lu Liang’s abrupt and swift price boost had left them no time to set their positions. Couldn’t he have waited a few days? Sёarch* The NôᴠeFire.ηet website on Google to access chapters of novels early and in the highest quality. "Wilson, opportunities don’t come twice. If we miss this one, who knows when the next will be?” Lu Liang’s tone grew colder as he shared his view on cooperation. Mutual benefits constitute cooperation; sacrificing oneself for others is exploitation. The only choice left to them was to buy in at a higher price. Everyone should work together to heat up the stock. It was impossible for him to bring down the stock price now just to let them in. Wilson chuckled awkwardly, “Lu, don’t be upset. We didn’t mean it that way. How about we change the way we cooperate?” "How do you want to cooperate?” inquired Lu Liang. Wilson quickly said, “You set a price, and if it’s reasonable, we’ll take over afterwards.” Lu Liang already had a substantial number of chips. After the recent round of price boosting, he had absorbed at least 30 million shares. Conservatively estimated, he held 10% of the tradable shares. Any institution interested in Panda couldn’t possibly bypass him. They could only let Lu Liang make a profit first, then let them manage it. Everyone could earn together—how nice. Why bother with animosity? Lu Liang pondered but did not immediately respond, “I’ll give you news after the market closes today.” "Okay, I’ll wait for you.” After ending the call with Wilson, Lu Liang returned to the trading room to review the account details. That round of boosting had them investing 230 million dollars at a cost price of 4.95 dollars, totaling an accumulation of 44.23 million shares. Adding the original 14.3 million shares, they now held a total of 58.53 million shares. Considering the current market had only 382 million shares in circulation, they owned more than 15%. "No wonder.” Lu Liang smirked, understanding why Wilson had called him, and couldn’t help but feel in high spirits, “When spring arrives, which bug would dare make a peep before I do?” Any institution wanting to get in on the profits had to go through him, and yet he was an outsider, also the most unstable factor. Wilson was not willing to miss out on this opportunity and didn’t trust Lu Liang; thus, he wanted to take over from him, responsible for the subsequent market performance.

Chapter 423: Spring Comes and I Don’t Speak First...

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