Chapter 45: Let the Storm Rage Even Harder
At this moment, any hesitation would be fatal, because it would only result in paying even higher prices for the shares.
Compared to where Wharf Holdings stock price would eventually soar, HK$35 per share was still remarkably cheap.
Since they still had capital available, they had every reason to make full use of it. They should invest as much as possible while the opportunity remained.
At the same time, they could further intensify the market's volatility, making the already muddy waters even more impossible to decipher.
Moreover, by suddenly driving the share price sharply higher, they would undoubtedly send shockwaves through the market, attracting widespread attention and heated discussion.
As expected, the moment Su Zhixue and his team received Lin Haoran's clear instructions, they sprang into action.
They launched an aggressive sweep of every Wharf Holdings share listed below HK$35, buying everything in sight without exception.
The market had already been stunned when the stock had surged straight to HK$31 shortly after the afternoon session opened.
What was even more astonishing was that, in less than ten minutes afterward, trading volume exploded once again. The momentum was so overwhelming that it left everyone speechless.
Su Zhixue's team was completely absorbed in the intense trading operation.
Meanwhile, although Lin Haoran appeared calm on the surface, he couldn't completely suppress the tension in his heart.
He knew that despite his meticulous planning and confidence in pushing the Wharf Holdings battle into a full-scale confrontation, true victory had yet to be secured.
"Boss, let me report our latest results!" Su Zhixue said excitedly.
"We just bought another 339,000 shares of Wharf Holdings. The market responded far more enthusiastically than expected—the number of sell orders between HK$31 and HK$35 greatly exceeded our estimates.
"Although a small portion escaped our grasp, we successfully acquired the overwhelming majority. I've already calculated it carefully—the average purchase price for this batch was only HK$32.73 per share, far below our projected cost.
"This is an unexpected and tremendous victory!"
His excitement was impossible to conceal.
In just over ten minutes, they had spent more than HK$11.09 million, an astonishing amount.
Even for the veteran trader Su Zhixue, nothing during the past month had come close to the speed and scale of this transaction.
As for the three newcomers—Han Zixing, Shi Zhensheng, and Qi Fen—who had only started their jobs that very day, they were even more overwhelmed.
Never had they imagined that the first day of their new careers would begin with participating in trades worth tens of millions of Hong Kong dollars.
It was a lesson they would never forget and an invaluable experience for their future careers.
"Three hundred and thirty-nine thousand shares?" Lin Haoran muttered in surprise.
"That actually exceeded my expectations."
Originally, he had thought that acquiring an additional one or two hundred thousand shares would already be an excellent result.
After all, when they had previously attempted to purchase shares below HK$30, there had only been around 60,000 shares available in that price range.
That had demonstrated just how cautious and conservative the market had become.
"It seems many investors are still holding onto their shares," Lin Haoran analyzed.
"They've been waiting for even higher prices before selling.
"And that just happens to create an opportunity for us."
He continued his reasoning.
"If I had chosen a gradual accumulation strategy, buying little by little, those hesitant shareholders would likely have withdrawn their sell orders as market sentiment shifted, only to relist them at even higher prices.
"But by launching such a sudden and overwhelming offensive, I shattered their hesitation before they even had the chance to adjust their strategy."
Overall, it was unquestionably a good outcome.
"Boss, what should we do next?" Su Zhixue asked.
After a brief moment of thought, Lin Haoran replied,
"For now, stop buying and closely monitor the stock's movements."
Looking back over the day's trading, their actions had indeed been extremely aggressive.
During the morning session alone, they had acquired 156,000 shares of Wharf Holdings.
Shortly after the afternoon market opened, they added another 26,000 shares.
Then, with that final decisive strike, they swept up another 339,000 shares.
Altogether, they had purchased an astonishing 521,000 Wharf Holdings shares in a single day.
If Wharf Holdings share price continued rising as expected, there would be little point in chasing it higher.
At elevated prices, the remaining profit potential became much more limited.
Further purchases would contribute little to their overall returns, since the bulk of their profits would come from the large number of shares accumulated earlier at much lower prices.
If the market could continue driving the stock upward on its own, there would be no need for further intervention.
At this point, remaining calm and waiting to see how events unfolded was undoubtedly the wiser choice.
Sure enough, Lin Haoran's strategy landed in the stock market like a depth charge.
It instantly unleashed enormous waves across Wharf Holdings stock, pushing the entire market into a state of frenzy.
Jardine Matheson, seeing Wharf Holdings price suddenly skyrocket to HK$35, immediately abandoned its wait-and-see approach.
Panicked, it rushed massive amounts of capital into the market in an attempt to stabilize its position.
The Pao family likewise felt unprecedented pressure.
Pao Yue-kong immediately issued orders to spare no effort and launch a full-scale acquisition of Wharf Holdings shares.
Both sides understood perfectly well that their respective holdings were now separated by only a narrow margin.
The battle had entered its decisive stage.
Even the slightest lapse could allow the other side to seize the initiative and gain a decisive advantage.
As the two financial giants shifted from quietly accumulating shares to openly entering the market in force, Hong Kong's professional market operators quickly sensed an extraordinary opportunity.
They eagerly prepared to capitalize on the chaos.
At the same time, countless retail investors were swept up in the fever.
Everyone wanted a share of the hottest stock on the market, dreaming of becoming rich overnight.
When the closing bell finally rang, Wharf Holdings share price had surged to an astonishing HK$40.80 per share.
Only that morning, the stock had opened at just over HK$27.
Although it hadn't quite doubled in a single day, the speed and magnitude of its rise were still so extraordinary that "spectacular" hardly seemed an adequate description.
At that moment, Lin Haoran finally allowed himself to relax.
For him, Wharf Holdings explosive rally wasn't merely a dramatic increase in price.
It represented a major victory for his strategic plan and provided a far stronger foundation for everything that would follow.
By now, Wharf Holdings future price movement had completely moved beyond Lin Haoran's direct control.
His initial push had served as the perfect catalyst, igniting enormous waves throughout the market and achieving exactly the effect he had hoped for.
Standing quietly to one side, Lin Haoran watched as Su Zhixue busily calculated the day's remarkable gains.
His mood had never been better.
(End of Chapter)
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