1929 I am a chaebol in the United States

Chapter 239 Buying Stocks

After more than ten days, on April 26th, Lu Chen finally returned to his big villa in New York.

Evelin hadn't seen Lu Chen for several months. When she saw Lu Chen walk into the house, she immediately pulled Lu Chen into her room and started playing poker.

The next day, Lu Chen walked out of the room yawning with dark circles under his eyes.

After finishing breakfast, Lu Chen felt too tired, so he went back to the bedroom to catch up on his sleep.

After resting at home for a few days, and after the May Day holiday, Lu Chen remembered that he still had to help Xiao Rizi build a ship.

So Lu Chen began to think about how to deal with this big order. You know, such a big order, although it can't save the current predicament of the United States, it can still slow down the downward trend of the United States. Now is the critical period of the US election. No matter which candidate negotiates the order with Lu Chen, it will allow him to gain a large number of votes.

In addition, the order in Lu Chen's hand is equivalent to an aircraft carrier project in the future. It is a boost for the entire shipbuilding industry and related industries. This will change the decline of these industries. This made Lu Chen think of Lieqi Shipyard. If he placed this batch of orders, the stocks of the shipbuilding industry would definitely rise, and Lieqi Shipyard would definitely rise as well. Then he would definitely get a wave of dividends. So he planned to stop the order for a while. After he acquired enough stocks of Lieqi Shipyard, he would sell the order.

Having made up his mind, Lu Chen picked up the phone and called David.

David was very happy to receive Lu Chen's call. It had been several months since Lu Chen last called him. This made David a little panicked. He didn't know if the data he had collected for several months was still useful, and whether Lu Chen was still eyeing the Lieqi stock.

In the first few months, he had fooled many of his clients into buying the stock of Lieqi. There has been no big movement in this stock for several months. His clients have started to call him to question him. This has also made him feel very stressed recently.

Now that Lu Chen had finally called him, he felt relieved. He said to Lu Chen:

"Mr. Lu Chen, you finally called me. I have already collected the stock trading data of Lieqi Shipyard that you asked me to collect. When do you want it?"

Lu Chen was stunned, and then he remembered this matter. He felt a little embarrassed about it. After all, he had forgotten about it after talking to David. He didn't pay him. If it wasn't because of this order, Lu Chen called David and he probably made David work in vain for the past few months.

Lu Chen quickly apologized, "I'm so sorry, I've been too busy lately and forgot about this meeting. So, I'll transfer the reward to you now."

Seeing that Lu Chen had misunderstood, David quickly said, "No, no, Mr. Lu Chen, that's not what I meant. I wanted to ask, do you still need me to help you keep an eye on the Lieqi Shipyard stock?"

Lu Chen smiled and said, "No need."

Hearing this, David's heart sank. What should he do? He had deceived a large number of customers under the name of Lu Chen. If they all knew that Lu Chen was not optimistic about this stock, then these customers would definitely think that I was deceiving them. They would definitely not come to me in the future, and then I would be in trouble.

Thinking of this, David immediately regretted it. Why did he let himself be fooled at that time? Now he is about to lose his job. If he loses his job in the current economic environment, it will be a disaster.

Lu Chen didn't know that David was thinking so much at this moment. He continued:

"Now I have decided to buy this stock. I will transfer 50 million to my securities account in a while. You can help me buy the shares of Lieqi Shipyard, but don't buy more than 20% of the total shares of Lieqi. If you have some money left after buying Lieqi, you can buy some other shipbuilding stocks with half of it."

Hearing Lu Chen's words, David's mood was like riding an elevator, rising directly from the bottom to the G-spot. He said in disbelief:

"Mr. Lu Chen, are you talking about buying large quantities of exotic stocks?"

Lu Chen said: "Yes, as long as it does not exceed 20% of his total amount. Eat as much as you can."

David said with some doubt: "In this case, Mr. Lu, you have to raise your sign!"

Lu Chen smiled and said, "It's okay, let's trade it. I'm optimistic about this stock."

David said excitedly: "Okay, I will prepare to operate right away and will definitely help you, Mr. Lu, control the cost to the lowest level. By the way, Mr. Lu Chen, do you need to perform leverage operations?"

Lu Chen said: "No need for leverage, we can just buy it directly."

David said, "I understand, Mr. Lu Chen."

After talking to Lu Chen, David immediately picked up the phone excitedly and called his clients one by one to inform them of the news that Lu Chen was going to buy a large number of Lieqi Shipyards. After hearing the news, the clients were relieved and let David operate their funds without any worries.

One day later, Lu Chen deposited 50 million into his own account. After seeing Lu Chen's funds arrive, David immediately started to operate.

Soon, Mitchell's trading team discovered that someone was buying up their own stocks on a large scale, and then reported the situation to Mitchell.

Mitchell thought for a while and then said, "Don't worry about him for now. He hasn't raised his hand yet. It may be that the hot money is coming in to make a quick buck. You just need to make sure the stock price doesn't fall below 20 yuan."

Another week passed, and David had helped Lu Chen acquire 4 shares of Lieqi. At this time, Lu Chen already held % of Lieqi's shares. David called Lu Chen to report. Then he asked Lu Chen if he needed to wait a while.

Lu Chen asked:

“What is the current share price of Lieqi?”

David said, "24 yuan a share."

Lu Chen was a little surprised to hear the price. David had bought so many stocks, but the stock price didn't rise much. It seemed that David was good at trading. Lu Chen smiled and said:

"Just watch the operation, and when you need to raise a sign, just tell me and I will go to the Industry and Commerce Bureau to provide the information immediately."

David said, “Okay, I got it.”

After finishing the call with David, Lu Chen began to consider whether to poach David from Citibank, as he just happened to need a good trader.

After thinking for a while, Lu Chen decided to wait and see how David performed this time. It was not an easy task to acquire 20% of Lieqi's shares. Mitchell would definitely not let himself become a major shareholder of his company.