N-M Chapter 98: Ugly People Should Read More
Chapter 98: Ugly People Should Read More
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Hao Zhi didn't want to take Huang Xiaochuan's advice from last time. He insisted on his own idea, and he was optimistic about early JT tickets. So he exchanged the more than 2,000 yuan he brought for early JT tickets.
Zhang Gaolei still felt that Huang Xiaochuan's original suggestion was reliable. Since he bought them, the price had been rising steadily! So he bought some more JP postcards. He bought the JP27 series, which had just been released last month. The price wasn't too high, averaging two yuan per card. He went all in.
Wu Duo divided the 600 yuan he had just received from home into two parts. He used half to buy the same JP27 as Zhang Gaolei, and the other half to buy the same early JT tickets as Hao Zhidu. Of course, because he didn't have enough money, he only chose the two varieties: Galloping Horse and Camellia.
None of the three people over there made a purchase. Huang Xiaochuan was already worried about how to sell the batch of stamps he held. How could he possibly buy more? Besides, he only had five thousand yuan left, which was his dating expenses for the next six months.
Ding Yi was only doing this as a hobby and wouldn't invest any more. Judging from the current situation, he's definitely going to make money; as for how much? That'll only be known once the money is in his pocket.
Moreover, Ding Yi had already made up his mind that he would release his work whenever Huang Xiaochuan did. His main purpose was to learn, and making money was secondary to him.
Ding couldn't understand Huang Xiaochuan at first glance. This kid kept claiming that his family was an ordinary working-class family, but his every move didn't seem like that of someone from a working-class family. What working-class family would provide their child with a pager? What's even more outrageous is that he has a cell phone. Is that something an ordinary family's child should have?
Moreover, Huang Xiaochuan has a keen eye for speculative businesses, so Ding Yi also put in a lot of effort to analyze the stamp market. He found that the current stamp market is indeed very suitable for speculation. There are a large number of stamp collectors, and stamps are valuable tickets issued by the state. All these conditions and factors are in perfect harmony with the three elements of investment.
So, taking advantage of this opportunity, Ding Yi asked, "Xiao Chuan, when is the right time to sell those stamps I have?"
"What's the rush? Look at how good the stamp market is right now. That's because a lot of off-market funds are building up their positions, which is why stamp and postage stamp prices are rising. The real increase is definitely yet to come."
"Let me ask you, if you were the one in charge, what would you do?"
Huang Xiaochuan posed a question to Ding Yi, wanting to see how he would answer it.
Upon hearing the question, Ding Yi fell into deep thought. Huang Xiaochuan was not in a hurry and patiently waited for his answer along with Chen Zhe.
After thinking for a long time, Ding Yi still couldn't figure it out, which was normal, since he didn't know much about the specific ways to speculate and hype.
Huang Xiaochuan, who has lived two lives, is different; he knows a lot about the key points inside.
For a stamp market to experience a major surge, it generally goes through three stages: initial, middle, and later, developing gradually before finally reaching its peak. Clearly, the current market is still in the early stages of its upward trend. Therefore, analyzing it this way, this current phase is undoubtedly the most difficult. For aggressive investors, it's highly likely they'll buy in at the bottom and sell at the bottom, ending up with nothing – a situation that, in modern parlance, leaves them with nothing.
However, these investors with high turnover rates are the main force in the market, and they often become the last ones to buy at the bottom.
Generally speaking, market makers use three methods to exploit retail investors.
First, the "fishing method": If the market maker doesn't have enough stamp chips, their first target will be the big players. However, these big players are often deeply hidden, making it difficult for the market maker to hunt them down. Therefore, the market maker must learn to play the long game, which is why there's the saying "bait the bait before fishing." Generally, market makers don't target retail investors in the early stages of a market trend because retail investors have limited chips and are easily exposed by the market maker's methods. Instead, the market maker will support retail investors, even playing along, and while playing with them, they will also throw out some bait. This is partly to share with retail investors and partly to better lure "big players" into the bait, thus catching them—that's the ultimate goal. Once the chips in the hands of the "big players" are in the market maker's hands, the next target is the "medium-sized players."
Second, the "playing dead" method: Once the dealer obtains a certain pre-order share, they have a certain initial supply. Then, during a period of low stamp prices or off-season, they actively accumulate some supply. When the dealer feels they have accumulated enough supply, they will launch a fake price surge to test the market. If the dealer discovers a large sell-off during the surge, they will pull back and adjust, "playing dead" for a considerable period. However, the dealer never forgets about this batch of stock and secretly observes the flow of these large investors' stock, tracking and collecting it in a dispersed manner. When the large investors find that retail investors are buying this batch of stock in a concentrated manner within a certain week, it is very likely that the dealer's henchmen are secretly cutting the stock for them. Once the supply is secured, it will not be long before the dealer launches a second test and upward attack.
Third, the feint attack tactic: During the 1997 stamp frenzy, there were indeed market manipulators specializing in Tamura stamps. However, in the early stages of the market rally, these manipulators feigned indifference, creating a false sense of panic among investors. They intentionally drew attention to early JT stamps, thus avoiding the main market surge. This resulted in early JT stamps performing exceptionally well and strongly in the early stages of the rally, while many believed Tamura stamp prices had peaked, including many experienced stamp collectors. However, Tamura stamps' subsequent strong performance surprised those who had initially doubted them. Therefore, in the early stages of a stamp market rally, regardless of the manipulators' tactics, ignoring them and holding onto your holdings is the wisest choice.
As a reborn individual, Huang Xiaochuan saw nothing in the tricks these bookmakers played. Those in finance in his later years had far more elaborate schemes, laying a thicker bait. The men and women were all dressed as business elites, frequenting high-end hotels and clubs, and speaking in industry jargon mixed with English phrases, making you feel that everything was high-class. As long as you had greed in your heart, you were guaranteed to take the bait.
Now all he needs to do is patiently play the long game and wait for the right opportunity to make a move. It's like hitchhiking, except the driver doesn't know that someone else has gotten on board.
Of course, he wouldn't tell Ding Yi and Chen Zhe such a detailed process of manipulating the market; he only gave a general overview of some basic techniques. Even so, Ding kept exclaiming, "You can do that?"
Chen Zhe was speechless with astonishment after hearing this.
"Xiao Chuan, where did you learn all this?" Ding Yi asked in confusion.
Huang Xiaochuan chuckled: "You need to read more books, you know? The library has case studies about how Western countries used to fleece retail investors in the stock market. You've heard of the Dutch tulip mania, right? You've heard of the orchids from Northeast China, right? They basically all follow the same pattern."
The cases Huang Xiaochuan mentioned are indeed recorded in some books in the library, so he is not afraid that Ding Yi and Chen Zhe will look for these books.
However, Huang Xiaochuan took the opportunity to tease Ding Yi: "Old Ding, there's a saying in my hometown: 'If you're fat, eat less; if you're ugly, read more.' I think you need to read more."
Having said all that, Ding Yi could easily tell that Huang Xiaochuan was mocking his appearance. Enraged, he cursed, "Huang Xiaochuan, I'll fucking kill you! You're so mean, you're insulting me indirectly!"
Chen Zhe understood and laughed so hard he couldn't stand up straight.
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