Buy During Panic

Lin Qiye had asked the same question before.

Intelligent AI replied through the Bluetooth earpiece.

[Maintain absolute calm. Do not be influenced by any external factors.]

[This is using negative news to crush the price to the bottom. Among the long-term trapped shareholders, many will inevitably be unable to endure the double torment of a market plunge and negative information, and will cut their losses. The decline will be utterly despairing.]

After grasping the AI's analysis, the final trading decision still had to be made by Lin Qiye.

After thinking it over briefly, he knew that doing nothing at all would affect Li Xiongye's enthusiasm.

He immediately replied, "Buy five percent."

"Only fifty thousand?!" Li Xiongye was clearly somewhat unwilling. Wealthy and bold as he was, he had never made a trade worth less than a hundred thousand.

But this time, he still compromised, as a sign of respect for Lin Qiye.

That day, Dalong Baili's share price hit the daily limit down. Li Xiongye bought fifty thousand yuan worth when it was down eight percent and suffered a small loss.

The next day, the share price continued to fall, though by much less. It ultimately closed down three percent, yet set a new low since its listing.

The market was saturated with panic. No one dared call the bottom, and even fewer shareholders dared to buy the dip.

Under such circumstances, trading volume shrank sharply.

Starting on the third day, the share price entered a pattern of consecutive low-volume declines. It fell around one percent each day, yet never once rebounded.

This situation was accompanied by countless follow-up reports with negative coverage.

Shareholders who could no longer bear the continuing losses cut their losses and left the market one after another.

Meanwhile, Li Xiongye's account was gradually filled to the brim.

By the fifth day, the share price turned upward and never stopped rising again.

After recovering most of the losses from the previous few days, trading was suddenly suspended.

The company issued a suspension announcement: "As a major matter has yet to be disclosed, we hereby apply to suspend trading for one day."

Li Xiongye looked at Lin Qiye with a strange expression. "Little Lin—no, Master Lin—you analyzed it right again!"

Holding back a laugh, Lin Qiye replied, "I guessed. How could I have known it would be suspended? Besides, nothing has been announced yet. What if it's bad news?"

Li Xiongye laughed and shook his head. "With my years of stock trading experience, this kind of suspension is definitely good news. Looks like I'm about to make a fortune..."

It had been a long time since he had felt this good. Not only had he successfully bought the bottom and made a ten-percent profit in his account, he had also run into a rare piece of sudden positive news.

Sure enough, after the one-day suspension, Dalong Baili announced: "The company will acquire another leading enterprise in the same industry through a private placement of shares and cash."

This positive news instantly stimulated the market. The voices that had been uniformly bearish vanished without a trace, replaced by all kinds of interpretations of the news.

On the first trading day after the suspension was lifted, the share price immediately hit the daily limit up without any volume and never opened throughout the day.

Amid the overwhelmingly bullish atmosphere, it hit consecutive daily limit-ups. Then, at the seventh limit-up, trading volume suddenly surged.

Lin Qiye, who had not offered any trading advice for several days, spoke up. "Uncle Li, sell it. Funds are dumping in high volume, and the market is divided. Let someone else take the remaining profit."

"Mm-hm, I've wanted to sell for ages. I was just waiting for you to say it." Li Xiongye hurriedly operated the trading software, and more than seven hundred lots were instantly filled.

With that, the trade was complete.

The average cost for this trade was 13.5. They held seventy-five thousand shares, for a total cost of 1.01 million.

The selling price was 29.6, resulting in an overall profit of more than double, even higher than the eighty-percent profit margin predicted by Intelligent AI.

Looking at the profit of over a million, Li Xiongye beamed.

He pulled open the drawer beneath the computer desk and took out a document bag.

"The Internet Cafe business license, tax certificate, property lease contract, computer purchase receipts, long-term service contract with the computer company, and employee contracts are all inside. I've already drafted the transfer agreement too. We'll go handle it today."

From the looks of it, Li Xiongye had been preparing for this over the past two days. Lin Qiye could not help recalling what Intelligent AI had said about his credibility.

He took the thick document bag, excited and nervous.

After all, this was a huge sum worth seven hundred thousand. More than ten years later, even after exhausting everything he had, all he owned was an apartment with an unpaid mortgage.

Adding the 230,000 he had earned using his Mother's Account, his net worth was nearly a million!

Seeing Lin Qiye like this, Li Xiongye finally felt that he looked like a normal person.

"Little Lin, you're a real talent. Let's work together more in the future. Come on, we'll settle the transfer today."

Thus, the two stopped watching the market, and Li Xiongye drove them off to handle the transfer.

Halfway there, Lin Qiye touched his Bluetooth earpiece.

"Uncle Li, I'm planning to establish a limited company and place the Internet Cafe under its name."

"That's easy. I happen to have a company with the same office address as the Internet Cafe. It's called Phoenix Dance Nine Heavens Cultural and Sports Planning Co., Ltd. How about transferring it to you as well?"

That was not bad. Registering a new company required capital verification and involved all sorts of troublesome procedures. In comparison, transferring this shell company would be much more convenient.

Li Xiongye then drove back home and brought the company's business license, tax certificates, and other documents.

The entire day was spent dealing with procedures and signing various documents.

Fortunately, Li Xiongye had extensive connections in the city. Things that would take others several days to complete were settled with just a few phone calls from him, saving them a great deal of trouble.

Just like that, by a little after four in the afternoon, the transfer of the Internet Cafe and company was complete.

At the end of it all, Li Xiongye drove back to the Internet Cafe office and called all the employees in.

Then he announced,

"From today onward, Phoenix Dance Nine Heavens Internet Cafe belongs to Lin Qiye. He'll be your boss from now on. If you need anything, go to him, not me."

The employees were utterly confused. They all knew Lin Qiye—wasn't he just a college student working the night shift to support himself?

How had he suddenly transformed into a big boss?

They could not understand the world of rich people at all, but as long as they got paid, that was enough.

The employees came over one by one to congratulate Lin Qiye, and both their words and attitudes had changed considerably.

Lin Qiye was somewhat unaccustomed to the change in roles. In both his lives, he had been managed by others. Suddenly managing others himself felt strange.

After Li Xiongye left, he told the employees to wait outside the office.

Lin Qiye sat before the desk, staring blankly into space.

After a long while, he came back to himself, yet had no idea what he should do.

Subconsciously, he turned on the computer in front of him.

He gave an order through the Bluetooth earpiece.

"Use a sub-entity to connect to this computer."

A moment later, the screen of Li Xiongye's office computer went black, and a black-and-white program interface appeared.

[Sub-entity connection complete.]

"Now that I have both the Internet Cafe and the company, I need management personnel. I don't want outsiders involved in the daily management of the company or the Internet Cafe. Can you take their place using virtual employee identities?"

[Virtual identities may be used for remote management. Please specify the duties of the virtual positions and authorize me to use the Internet Cafe's internal surveillance facilities.]

"I'm authorizing you to use the Internet Cafe's surveillance. For now, there will be two virtual positions: finance and operations manager. Finance will handle daily revenue settlement and verification, remotely pay employee wages, and manage all operating expenses. The operations manager will handle scheduling and regularly inspect work performance."

[Received. Executing instructions and generating remote office software. Please notify the employees in advance.]

Immediately, every surveillance camera in the Internet Cafe suddenly moved, clearly showing that the surveillance system had been taken over by Intelligent AI.

Only then did Lin Qiye rise and open the office door, letting the employees come in.