Chapter 116: Netting Sixty Million—An Extra Chapter in Honor of Wuaidang The price of Sanqi breaking 100 Yuan for the first time sent quite a shockwave through the market. This wasn't just a few rare, top-grade 10-count Sanqi; this involved large inventories of 20-count Sanqi. As the 20-count Sanqi crossed the 100 Yuan threshold, the 30-count, 50-count, and 100-count varieties all began to skyrocket. The price of every grade reached levels previously considered unimaginable.
Furthermore, the breakthrough past 100 Yuan created a significant ripple effect. One hundred Yuan acted as a critical demarcation line; breaking a digit barrier in futures trading is difficult and requires substantial backing. Sanqi clearing this hurdle so smoothly—transforming its price from double digits to three digits—instilled confidence in smaller speculators who had also been banking on Sanqi. This confidence stemmed from the belief that the major players (the "big bulls") were powerful and committed to maintaining the price of Sanqi. Given this, there was little reason for concern; it was a chance to jump in quickly and seize a piece of the action, securing whatever profit was possible.
Instantly, everywhere in the market, the topic was Sanqi. Ordinary people, rich or poor, felt compelled to pour their money in. They had witnessed firsthand how fiercely Sanqi was climbing daily; being one day late meant losing one day's potential earnings. Watching the daily price hikes, such momentum was something not everyone, unlike Su Shaohua, could withstand. The Sanqi market grew even more frenzied, much to the delight of Su Zhantao.
It had multiplied five times! Their long positions had appreciated fivefold—a staggering fortune of fifty million Yuan, something he had never dared to dream of before. Fifty million, earned so quickly, made even Su Zhantao, despite his respectable background, feel as if he were living in a dream.
While the market roared, Jin Zhengri and Niu Pangzi and their group breathed a collective sigh of relief. They had risked everything to push Sanqi past 100 Yuan, incurring considerable costs in the process. Moreover, Zhao Zhi’s previous illness had been an unexpected complication. Fortunately, Zhao Zhi had finally seen the light: whether sick or not, money had to be earned—and being sick made it even more imperative to accumulate enough assets for his wife and children. With this realization, he readily provided the funds, ensuring the operation led by the major players proceeded smoothly.
Then there was the appearance of Su Shaohua. Su Shaohua’s arrival had initially sent a wave of anxiety through Jin Zhengri. Anxiety was unavoidable; Su Shaohua’s financial power was immense. The capital he could raise alone surpassed the combined resources of the three of them. If he decided to also target and speculate on Sanqi, they were unsure if they could hold their ground. Fortunately, it turned out to be a false alarm. They later learned Su Shaohua was only there to seek treatment from Zhang Yang. Once the treatment was complete, Su Shaohua returned to Changjing.
This incident only solidified Zhao Zhi’s faith in Zhang Yang. After the initial course of treatment concluded, he sent Zhang Yang numerous valuable gifts, totaling no less than 200,000 Yuan in worth. Following the nightclub incident, Zhao Zhi personally came to apologize with a very respectful demeanor, which softened Zhang Yang’s impression of him. He also assured Zhang Yang that he need not worry about his condition worsening; Zhang Yang could personally guarantee it.
Time flew quickly, and two more days passed in the blink of an eye. In Zhang Yang’s room, all necessary paperwork and receipts were prepared. Yesterday, the price of Sanqi had already risen to 110 Yuan, reaching his target valuation. One other factor was that the sharp upward momentum of Sanqi had tapered off over the last two days; while it still hit the daily upper limit, the climb took much longer.
“Zhang Yang, are we really selling?” Su Zhantao entered Zhang Yang’s room, his voice tight with tension. Zhang Yang’s single statement the previous night had kept him awake the entire time. Zhang Yang’s message was simple: the time to reap the harvest had arrived, and they would start selling tomorrow.
“Almost. We take the profit when it’s good. Aren’t you satisfied with this?” Zhang Yang smiled faintly. Mi Xue had also arrived at his room. Without Su Wei’s constant presence, Zhang Yang had been quite content these past two days with Mi Xue. Su Zhantao was clever enough never to interrupt when the two were alone. Moreover, he considered himself the primary facilitator of their relationship, often taking the role of a matchmaker these days.
“Satisfied, satisfied. Let’s sell!” Su Zhantao quickly nodded, grinding his teeth slightly as he spoke. Honestly, Su Zhantao had secretly hoped Sanqi would continue to climb, holding onto the dream of them becoming billionaires. At the current rate, becoming a billionaire was not entirely out of the question, which made him marvel at how profitable futures trading was—small investment, massive, unimaginable returns.
Under Zhang Yang’s lead, the group left the hotel. It should be noted that they were currently just ordinary individual traders without any official broker representation, which necessitated their physical presence at the trading center to execute sales.
They arrived at the trading center early; the market hadn't opened yet, but a crowd had already gathered outside. If one listened closely, the conversations revolved entirely around Sanqi. Sanqi had been the hottest commodity recently, as always happens when major players speculate on an asset. It was similar to the "Garlic is Ruthless" or "You Play With Me" phenomena of later years, which drew even larger crowds and heavier capital concentration. And those were agricultural products, unlike this commodity which was connected to medicine.
At nine o’clock, the trading center opened precisely on schedule. As soon as the doors opened, Zhang Yang, holding the receipts, headed toward a window. This time, he wasn't alone; Su Zhantao and Mi Xue accompanied him.
“Liquidate positions, first two lots!” Zhang Yang handed over two lots of 500,000 Yuan worth of 20-count Sanqi to the clerk for processing.
“Certainly, please wait a moment!” The clerk confirmed before accepting the receipts. Upon reading the figures on the tickets, the clerk paused again. Fifty thousand Yuan worth of 20-count Sanqi had been purchased when the price was just over twenty Yuan. Since it was a long position, the ticket’s value had appreciated by more than five times. Based on the initial investment, the return was a staggering twenty-five times the capital—such a high multiplier growth was enough to stun any clerk.
“Why hasn’t it started yet?” Zhang Yang looked up at the large screen. Sanqi was still showing the best gains of the day, its bright red marking being the most conspicuous in the top position.
“Ah, excuse me, sir, I’ll be right with you!” The clerk hurriedly replied, then began the operation. Computers made things convenient; in no time, Zhang Yang’s two long positions were closed out. Su Zhantao’s account immediately reflected an increase of over five million Yuan. Those two lots had covered their initial capital outlay and doubled it.
After these two lots were sold, the price of Sanqi stabilized slightly. It didn't fall, but its rate of ascent slowed considerably, entering a phase of parallel movement. Watching the screen, Zhang Yang’s resolve to continue selling hardened. The major players had reached their limit; they were likely planning their exit strategy now. A major player’s sell-off differs from theirs; they cannot liquidate everything at once and must release inventory in stages. The major players made most of their profit on the earlier inventory. Later on, as prices stabilized or declined, their margins shrank, and they might even sell high after buying slightly higher, but overall, they still garnered the largest profits.
Zhang Yang’s volume was small, making his sales straightforward. After the first two lots, he proceeded to sell four more. Once these four long positions were closed, the price of Sanqi showed a noticeable dip. After all, this involved tens of millions in volume, which was significant for a single trading day. The slight decline didn't register with the followers speculating on Sanqi, but it startled the three major players, Jin Zhicheng included, who immediately dispatched people to investigate who was unloading such large sell orders.
In the large office suite, over twenty people were busy in shifts. Their wall displayed charts, far more complex and cumbersome than the one Zhang Yang had drawn. Before they could identify the seller, another twenty million Yuan worth of stock came out, causing the Sanqi price to slide again. This time, the decline was more pronounced and conspicuous, starting to draw widespread attention.
“Boss, we found out! It’s Su Zhantao’s account selling off!” A staff member rushed in to report to the trio. Hearing it was Su Zhantao, the three simultaneously relaxed. They were fully aware of the long positions held by Su Zhantao’s group. They were merely surprised by their excellent timing, selling right before the major players intended to start winding down. This meant Su Zhantao’s group had essentially bought at the bottom and were now selling near the peak—maximizing their gains.
“Forget it. They don’t hold much volume. Buy whatever they offload, and we stick to the original plan!” Jin Zhicheng ordered. Knowing the source of the sell-off removed their worry; an unknown adversary monitoring them would have been a disaster. However, he felt that possibility was slim. They had been watchful these past few days, monitoring even the retail market, and had seen no evidence of intervention by powerful speculators—at most, small traders with limited capital. The largest of these small holdings amounted to thirty or forty million, less than the value of Su Zhantao’s long position.
“Yes, Boss!” Someone immediately responded. Jin Zhicheng turned back with a wry smile. “That Su Zhantao is quite shrewd. Fortunately, his capital wasn’t large this time. If he had more funds in the future, he could become a formidable competitor!”
“We’ll worry about the future later. We’ll let this one go,” Zhao Zhi shook his head. Zhang Yang selling at this juncture was essentially biting off a piece of their profit, but for the sake of greater returns, they had to watch that piece get taken. Another factor was that Su Zhantao was associated with Zhang Yang, who was treating him. They felt they had to grant him this concession. To this day, the major players remained unaware that Zhang Yang was the actual operator behind Su Zhantao’s trades.
“Another twenty million just came in. Shall we take it?” A staff member called out again. They had absorbed the previous twenty million, pulling the price back up. This latest twenty million caused no significant stir.
“Take it. This should be their last batch. Two million plus, netting sixty million—the younger generation is truly remarkable!” Jin Zhicheng commanded. He had to buy now; refusing would derail their plans, leading to greater losses. Fortunately, they knew this was likely the extent of the opponent's holdings; absorbing more would strain their own resources.
Extra chapter in honor of Wuaidang. Wuaidang is an old friend of Little Yu. Thank you for your support, Little Yu. This extra chapter is to express my gratitude! Novel Website.