Chapter 33: Unsatisfactory Gains
Lin Haoran's second sister spent a warm and fulfilling weekend at the Lin family home with her lively and adorable young son. It wasn't until dawn broke on Monday morning that she reluctantly bid farewell to her family and returned home.
At the same time, Lin Haoran had also risen early, determined to devote himself wholeheartedly to the challenges of a new day.
He was completely unaware of his elder brother's plans or the "grand gift" he had just received.
Even if he had known, he wouldn't have cared.
His sights had long since moved beyond such petty schemes.
Financially, Lin Haoran was in a very comfortable position.
As a result, he decided to leave untouched the three-million-dollar check his second sister had given him.
Having successfully secured a HK$30 million loan from Hang Seng Bank, coupled with the more than HK$10 million already in his stock trading account, Lin Haoran currently enjoyed ample financial resources and felt no immediate pressure where funding was concerned.
This solid financial foundation provided strong backing for his continued stock acquisitions.
"Good morning, Mr. Lin!"
It was Su Zhixue's voice.
By the time Lin Haoran stepped into his office, Su Zhixue had clearly been there for quite some time, displaying his usual professionalism.
"Good morning, Zhixue."
Lin Haoran smiled.
"You look full of energy. I take it you had a relaxing and enjoyable weekend?"
"My son's recovery has been remarkably fast. He's completely back to how he was before he got sick, so this weekend I took my wife and son to Lamma Island for a little vacation."
Su Zhixue's words overflowed with happiness and gratitude.
He knew very well that all of this peace and hope had been made possible because Mr. Lin had stepped in to help when he needed it most.
Had it not been for Lin Haoran's generosity, he would probably still be desperately trying to raise the enormous amount of money needed for his son's surgery, worrying every single day.
It was precisely because of that kindness that his life had finally emerged from darkness into bright sunshine.
Whenever life presented such warm and harmonious moments, his gratitude and respect for Lin Haoran only grew deeper.
"Alright, let's get to work."
Lin Haoran glanced at his wristwatch and smiled.
"We need to step up our efforts with Wharf Holdings. Besides us, quite a few major financial consortiums have already entered the market."
As Jardine Matheson's Hongkong Land Group and Pao Yue-kong successively entered the race, the price of Wharf Holdings shares had already begun rising at an accelerated pace.
At present, the average purchase price of the Wharf Holdings shares in his possession was only HK$23.05 per share.
This was thanks to his keen judgment, allowing him to buy heavily while the stock was at its lowest point, effectively lowering his average acquisition cost.
However, by the close of trading last Friday, Wharf Holdings had already climbed to HK$25.03 per share, demonstrating considerable upward momentum.
With major financial groups accelerating their purchases, Lin Haoran clearly understood that the stock price would continue to rise.
That meant every subsequent purchase would inevitably become more expensive.
He had long been mentally prepared for this reality.
"Understood, Mr. Lin."
Su Zhixue nodded confidently.
"Don't worry. I'll give today's trading my very best."
When the bell signaling the opening of the nearby stock exchange rang, marking the beginning of the trading day, Su Zhixue immediately immersed himself in his work without the slightest hesitation.
Lin Haoran was equally diligent.
Whenever he wasn't monitoring the market, he continued studying, steadily expanding his knowledge and skills in stock trading.
At many crucial moments, his growing expertise allowed him to provide valuable support and advice for Su Zhixue's trading decisions.
Working side by side, the two steadily navigated the ever-changing tides of the stock market.
The acquisition of Qingzhou Yingni shares continued to proceed smoothly, just as it had in previous days.
However, things had quietly changed on the Wharf Holdings front.
Both Su Zhixue and Lin Haoran keenly noticed that as more competitors entered the market, their rate of stock accumulation had slowed significantly.
The challenge was becoming increasingly difficult.
Every purchase now had to be executed with greater caution to ensure they could still secure their share amid the fierce competition.
Finally, the closing bell rang through the neighboring stock exchange, signaling the end of the day's trading.
As usual, once the market closed, Su Zhixue began calculating the day's results.
Meanwhile, Lin Haoran waited silently.
A slight frown creased his forehead, making it obvious that he was dissatisfied with today's performance.
Although the final figures had yet to be fully compiled, he already knew that their acquisition speed for Wharf Holdings had been considerably slower than usual.
He understood exactly what that meant.
The price of Wharf Holdings shares would only continue to climb.
Which meant that every future purchase would cost him more.
The higher his acquisition cost became, the smaller his eventual profits from the stock would be.
That simply wouldn't do.
Before long, Su Zhixue finished tallying the day's results.
"Boss, here's today's report."
"For Qingzhou Yingni, we acquired 488,000 shares at an average price of approximately HK$5.12 per share, spending roughly HK$2.5 million."
"As for Wharf Holdings, competition for low-priced sell orders was extremely fierce today. We tried several times to acquire shares but were repeatedly beaten by other buyers."
"In the end, we only managed to purchase 59,100 shares at an average price of HK$25.27 per share, for a total expenditure of approximately HK$1.49 million."
"So altogether, we spent around HK$4 million today."
Lin Haoran nodded.
He had already expected such a result.
In truth, he wanted nothing more than to sweep up every single sell order on the market priced below HK$30 per share.
However, based on their previous statistics, there were usually only 200,000 to 300,000 shares offered within that price range each day.
On quieter days, there might be only a little over 100,000 shares available.
Taking such an aggressive approach would have serious consequences.
It would immediately drive the stock price sharply higher.
His goal was to accumulate at least more than one million shares of Wharf Holdings.
He was still far from reaching that objective.
Therefore, with only a limited number of shares available on the market, the only viable strategy was to accumulate them gradually.
Unfortunately, his competitors were also increasing the intensity of their purchases.
That had become a significant problem.
Fortunately, those rivals also seemed unwilling to push the share price up too early.
As a result, they were likewise acquiring shares at a relatively slow pace.
That still left Lin Haoran with opportunities to continue accumulating stock.
At present, the only practical strategy was to wait until he had accumulated enough shares.
Then, in one decisive move, he would sweep up every available sell order within a selected price range.
But before that could happen, he needed to hold at least around one million shares of Wharf Holdings.
Including today's purchases, Lin Haoran currently owned only 447,000 shares.
He still had a considerable distance to go before reaching his one-million-share target.
Author's Note:
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(End of Chapter)
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