On the day Garment Company went public, the trading floor was packed with people, all eager to see the company's stock. As soon as call auctioning began, Mr. Bao took the initiative, pushing Garment Company's stock price up bit by bit from eight yuan. Three minutes later, the price reached ten yuan and eighty cents. Soon, President Qiang also entered the fray, directly driving the stock price up to fifteen yuan, and then, right before the opening bell, precisely lifting it to eighteen yuan and eighty cents. In this first battle, Qiang Mujie fulfilled his promise regarding Garment Company.
After the market opened, with Mr. Bao and President Qiang continuously buying in, Garment Company's stock price was driven steadily higher. Seeing this, retail investors began buying the stock as well. Under the herd effect, the stock was pushed even higher.
Over the next five trading sessions, Garment Company's stock hit record highs day after day, and by the weekend, it was pushed all the way to twenty-five yuan.
Chapter 407