After Ding Jing arrived, they discussed matters in the office. Yi Anguo told her about his plan to test the waters of the US oil futures market.
Because two hundred million yuan had been withdrawn, the plan to open a venture capital firm was temporarily put on hold.
Yi Anguo intended to hold the Penguin stock he bought as a long-term investment, so it didn't require frequent trading.
The stock they actively day-traded was still primarily Guojui shares. Its price had been on an upward trajectory since the end of last year. After it broke the 50-yuan mark on April 5th, Yi Anguo began instructing his traders to sell.
Their strategy was to reduce their holdings as long as the share price didn't drop below 48 yuan. If it fell below 48 yuan, they would wait and see. If it dipped below 46 yuan, they would buy.
By now, they should have sold more than half of their holdings, so funding their test of the US crude oil futures market wasn't an issue.
