Starting with a fully invested A-share portfolio to become a capital...

Chapter 140 Fuchun Road becomes the focus again, 924 reappears at Kainuo Technology
The full purchase by the 690 million leveraged account freed up a large number of trapped investors in Kainuo Technology, and the stock price reached a high of 4.91 yuan in a single day, an increase of 9.84%, just 0.01 yuan away from hitting the daily limit.

Without hesitation, Liao Guopei and Lin Guangchang took advantage of the high stock price to mix in with the funds of trapped retail investors and sell off some of their shares.

Why sell a portion of it?

1. Use T to reduce costs.

2. Recovering funds.

The continuous ignition has already attracted the attention of some retail investors to Kainuo Technology.

If they chase the price higher at this point, the best course of action is to lower the stock price and perform a reverse T, which means selling off and then buying back at the end of the trading day to reduce their holding costs as much as possible.

The funds recovered can greatly increase the margin of error in market control, whether for boosting prices or dealing with unforeseen circumstances.

The stocks held by Zhang Yang, Liao Guopei, and Lin Guangchang are now enough to influence the short-term trend of Kainuo Technology.

According to Zhang Yang's initial calculations, Kainuo Technology had 380 million shares in circulation. Holding 10% of the circulating shares would allow him to manipulate the stock price in the short to medium term. If he wanted to play the ultra-short term, such as controlling the stock for 15 or 7 trading days, he would only need 5% of the circulating shares.

In other words, Zhang Yang, Liao Guopei, and Lin Guangchang only need to hold 1900 million shares to control a stock in a very short period of time.

Currently, Liao Guopei holds 970 million shares, Lin Guangchang holds 440 million shares, Zhang Yang holds 100 million shares in his Guangfa Securities account, and Hongyue Investment's leveraged account still holds 150 million shares, with an average purchase price of 4.68 yuan.

The three individuals collectively hold 1660 million shares, which is very close to 5%, giving them control over the stock.

It is worth mentioning that, according to the "Interim Regulations on the Administration of Stock Issuance and Trading", any legal person holding more than 5% of the shares of a listed company must make a public announcement, which is commonly referred to as the "disclosure threshold".

Once the 5% threshold for disclosure is reached, any reduction in holdings will also require an announcement.

Avoiding the disclosure threshold is also simple: split your holdings into multiple securities accounts, and you can perfectly avoid the disclosure threshold.

For example, Zhang Yang holds 4.99%, Liao Guopei holds 4.99%, and Lin Guangchang holds 4.99%. None of the three have reached the 5% threshold for disclosure, and their identities are different. Even if they get infinitely close to 15%, they do not need to make a public announcement.

Half an hour later, Liao Guopei and Lin Guangchang slowly sold off more than 100 million shares, and the stock price was pushed back down to 4.77 yuan.

After selling off these chips, Zhang Yang, Liao Guopei, and Lin Guangchang quietly observed the market.

Zhao Qiang and Yun Tao, two speculative investors, also made no further moves because they discovered that there was a third major player in the stock of Kainuo Technology, and they needed a large amount of capital to figure out how to play the game.

1+1 is definitely greater than 1. Zhao Qiang and Yun Tao are not stupid; they will definitely follow the trend.

Meanwhile, retail investors who had taken notice of Kainuo Technology began discussing it on platforms such as Eastmoney, Sina Finance, and Baidu Tieba.

[Lonely Man]: It seems like there's capital rushing into Kaino Technology. Are there any experts who can help analyze whether this stock is worth buying?

[Heartbroken and Cold]: I've been following Kaino Technology for a long time. It's an apparel company. When the May manufacturing PMI data was released, it even saw a surge in trading volume. If export trade picks up, it might have a good run.

[Stock Trading Teacher]: From a technical perspective, it has already broken above the 5-day moving average and is showing an increasing volume trend. Furthermore, the MACD volume and both lines are pointing upwards. I believe this is not a top trend, but rather a potential start.

[Xiaofang loves investment research]: Since it's confirmed that there's speculative capital involved, and export trade is recovering, I'll buy 100 lots and see. If the trend is wrong tomorrow, I'll just cut my losses.

Since retail investors lack insider information, they can only rely on public channels to judge the upward momentum of Kainuo Technology.

As time ticked by, 6 PM arrived, and the A-share market closed on June 15th.

The Shanghai Composite Index closed at 2789.55, showing a weak-to-strong trend compared to the lower opening in the morning, with a gain of 1.67%, but it was a large positive candle with reduced volume.

What is a large bullish candlestick with reduced volume?
The so-called "low-volume bullish candlestick" refers to a trend where the daily trading volume shrinks, but a high price increase occurs. This indicates that the selling pressure above is relatively weak, and the buying funds only used a small portion of their capital to drive the stock price up.

Veteran A-share investors have all heard the saying, "A rise without volume means the main players are just creating a false breakout."

why would you say so?

Because a decrease in daily trading volume means low market participation, it is easy for a shortage of funds to occur.

A successful major upward trend requires the joint participation of institutional investors, retail investors, speculative funds, and government funds.

If it's only institutional investors, speculative capital, and government funds, whose "leeks" (investors) will they fleece?
In a market driven by capital speculation, trading volume is crucial; a rise without sufficient volume is very likely to be followed by a pullback.

However, there's another saying in the A-share market: "A rise without volume can still go up."

This statement is also logically supported. Because there is little selling pressure above, some funds will want to create continuous upward movement to attract retail investors to chase the price higher, and then dump the shares to take profits and leave the market.

Whether it's "a rise with low volume indicates the main players are bluffing" or "a rise with low volume still indicates further gains," it's necessary to combine other data for judgment, such as support levels, news, and previous trapped positions.

Looking at the downward trend chart from 2008, we can see that the Shanghai Composite Index fell by as much as 7.73% on June 10th, and continued to decline for the next five trading days, closing at 2794.75 on June 17th.

The sharp drop in 2008 started on June 3rd, and in just 10 trading days, it plummeted from 3456.58 to 2794.75 points. Without sufficient trading volume, how could the market rally to release the trapped positions accumulated here?
The main players are not pushing up the index to rescue those who are trapped, but to find ways to empty the wallets of retail investors.

Because of the reduced trading volume, many financial bloggers have begun to warn of risks and are not optimistic about tomorrow's market trend.

However, Li Daxiao, the self-proclaimed "founder of the bull market," resurfaced after the market closed, posting a three-minute video on Weibo.

In the video, he was still wearing a dark blue suit and said with a smile: "As of 3:12 pm when the recording was held, the Shanghai Composite Index and the Shenzhen Component Index have both shown a trend of rising on reduced volume. Many investors are very worried and have sent me private messages asking whether the rising on reduced volume can still go up."

"I want to say, don't worry, the Chinese stock market is still in the bottom range."

"I personally believe that the reason for today's low trading volume is that institutions are observing the market. Their misjudgment has forced them to stay on the sidelines. Retail investors are actively participating. Once the institutions correct their mistakes, it will be a standard main upward wave. Comrades, cherish this bottom. A bull market with low volume is here!"

The emergence of the "Limitless Bull" instantly ignited the enthusiasm of retail investors.

[Xiao Zhang Bu Zhang]: Accumulating power, blooming power are one thing, but now there's an immeasurable power. Is Teacher Da Xiao a genius? How can this be considered a powerhouse?
[Wind Howling]: Also as of 3 pm on June 15th, I believed in Teacher Da Xiao's "baby bottom" and went all in on banks. Now the return is 24%, awesome!

[Love is just one word]: So it's a bull market with unlimited potential, then I'm relieved. Tomorrow, I'll keep pushing the A-shares hard and make them scream!

……

Just as Li Daxiao was proclaiming "unlimited bull market" to calm market sentiment, Kainuo Technology, which ultimately closed at 4.88 yuan with a 9.17% increase, appeared on the list of top gainers and losers.

Buying from the second brokerage: Jiangsu-Zhejiang Huaxin Securities Fuchun Road Branch.

Buyer 2: Zheshang Securities Co., Ltd., Shaoxing Branch.

Buying from the third brokerage: Galaxy Securities Jiangyin Chaoyang Road Branch.

Buying 4: Guotai Junan Hudu Sujiang Road Branch.

Buying from the third brokerage: Huaxin Securities Hangzhou Yan'an Road Branch.

When Fuchun Road, Sujiang Road, and Yan'an Road reappeared, the market began to boil, and retail investors' desire to discuss surged instantly.

[Gengtian Stock Trading]: Fuchun Road! Fuchun Road has appeared again! This bastard has left me hanging on the mountaintop, and the worst part is, Rhine Biologics hasn't resumed trading yet, so I can't even cut my losses and cash out!
[Brother is a legend]: Besides the damn Fuchun Road, Sujiang Road and Yan'an Road seem to be the seats that Xu Xiang and Zhang Mengzhu often use. Could it be that Kainuo Technology will have a good market?

[Divine Fortune Teller]: I'm a fortune teller. This guy on Fuchun Road is bound to get into trouble sooner or later. It's definitely not me who's been trapped by Rhine Biological.

The company's actions, including halting trading of Rhine Biologics for investigation and implicating top speculative investors like Xu Xiang, Zhang Jianping, and Qiu Baoyu at the peak of the market, have cemented the reputation of "Fuchun Road" among retail investors.

The reappearance of "Fuchun Road" perfectly illustrates what reputation means.

New retail investors in Kainuo Technology panicked when they saw the stock exchange's trading data. They realized that speculative funds were vying for control of the stock's direction, but they didn't expect it to be "Fuchun Road" (a stock trading platform).

All of a sudden.

Discussion posts on stock forums surged.

[Love You Ten Thousand Years]: Something's not right. It's Fuchun Road. If it rallies tomorrow, I suggest you run away immediately. This speculative investor is just like Xu Xiang; they both like to kill directly!

[Nightfall]: Besides Fuchun Road, there are also Sujiang Road and Yan'an Road, right? These are the seats that Xu Xiang and Zhang Jianping often use. Moreover, I remember that the second and third business departments are also seats of speculative capital. No matter how ruthless Fuchun Road is, it is impossible for it to start dumping without even pulling up the price, right?

[Crazy Big Fool]: I think you guys are making a fuss over nothing. Fuchun Road accurately timed the top, it's not that they have a small vision. You can only make money by following the trend of these top-notch speculative funds. Tomorrow I will go all in!
At this time, the reputation of "Fuchun Road" on the internet was polarized among various stock trading groups and communities.

Some people think he was petty for flipping the table while eating, while others think he was highly skilled, managing to sell off his profits the instant the iron fist landed.

While retail investors were arguing endlessly, Zhao Qiang, far away at the Oriental College of Jiangsu University of Finance and Economics, was dumbfounded in his dormitory.

"It's Fuchun Road!"

"Buy 1 is actually Fuchun Road!"

Zhao Qiang was both surprised and delighted to be "riding in the same car" as this guy.

What's alarming is "Fuchun Road," the new speculative investor who has left Xu Xiang, Zhang Jianping, and Qiu Baoyu hanging at the top of the market. He has to consider whether "Fuchun Road" might suddenly crash the market.

The good news is that, as it stands, "Fuchun Road" is trending upwards, which coincides with his own ideas. With this man controlling the market, Zhao Qiang can simply follow suit and making money is not a problem.

"I must not be greedy if I ride in the same car as Fuchun Road. This could be Xu Xiang's new disguise," Zhao Qiang muttered to himself, warning himself.

In Jiangyin, Yuntao (Chaoyang Road) was terrified when he learned that his opponents were from Fuchun Road, Yan'an Road, and Sujiang Road.

He had heard of Fuchun Road, but he knew the Guotai Junan Securities Shanghai Sujiang Road branch and Huaxin Securities Hangzhou Yan'an Road branch like the back of his hand. These were the seats that Xu Xiang and Zhang Jian often used. Although you couldn't be sure if it was them just by looking at the seats, their reputation was undeniable.

After the Dragon and Tiger List was released, Zhao Qiang and Yun Tao, without prior agreement, both decided to follow the trend and relinquish control of Kainuo Technology.

……

And at the same time.

the other side.

Ningbo Jiefang South Road.

Galaxy Securities, fourth floor branch.

Ma Xinqi immediately caught the internet hot topic and looked at Xu Xiang, Sun Guodong and others, saying, "Fuchun Road is popping up again. This guy is still trying to play the 'using an alias' trick."

"Whose pseudonym are you borrowing?"

Sun Guodong, intrigued, asked.

"Guotai Junan Securities Shanghai Sujiang Road branch, and Huaxin Securities Hangzhou Yan'an Road branch, you can guess for yourselves." Ma Xinqi looked at everyone with a mocking expression, then glanced at Xu Xiang.

"Good guy!"

"Sujiang Road in Shanghai?"

"The branch office that Brother Xiang often uses!"

"If I remember correctly, Huaxin Securities Hangzhou Yan'an Road branch is a seat frequently used by Master Zhang."

The Ningbo limit-up daredevil team and other speculative investors immediately started discussing it. "Fuchun Road's" operation was clearly intended to use the names of Xu Xiang and Zhang Jianping to attract a large number of retail investors to Kainuo Technology, making it easier to harvest the profits later.

To drive up the price of a stock, you must let retail investors know.

If you secretly raise the price, who will you sell your goods to?

Building positions, controlling the market, and attracting retail investors are the preparations before a price surge; missing any one of these steps could lead to the failure of the stock manipulation.

There was once a second-generation demolition beneficiary in Shenzhen who heard that speculative investors could make millions of yuan by manipulating stocks. As a result, he invested 1.2 million yuan and only had 3000 million yuan left.

Why did we lose so much money?
First, he didn't realize that his stock-picking ability was very poor. He picked stocks that only had old-timers and didn't follow the trend. He just forced the price up.

When the market was about to crash, the big players cleared out their positions and reaped the profits, causing the stock to plummet for several consecutive days, shattering the dreams of speculative investors who had benefited from land expropriation.

This is why retail investors are retail investors, large investors are large investors, and speculative capital is speculative capital. Retail investors who lack the ability to control and manipulate the market, even if they have hundreds of millions of yuan in funds, can only be called large investors.

"A retaliation?"

Xu Haiou looked at Xu Xiang; they all remembered this grudge.

Shu Yimin, who claimed to be abstaining from sex, sat up straight and looked at Xu Xiang, saying, "Why don't we go against the trend and cause some trouble?"

Having been repeatedly dumped, Xu Xiang was seething with anger. With a smile on his lips, he said in a low voice, "Reciprocity is a traditional Chinese virtue. Fuchun Road gave us a ride to the top of the mountain once, so we should give them a ride in return."

Since the short-term theme of H1N1 influenza has already been hyped up in advance, and with the resumption of IPOs and the establishment of the ChiNext board approaching, the funds of the Ningbo limit-up daredevil team have gradually withdrawn from the stock market, waiting for the storm to pass.

Now that they see "Fuchun Road" appear, they are all eager to play.

Not only the members of the Ningbo limit-up daredevil team, but Zhang Jianping also started paying attention to Kainuo Technology after seeing the familiar brokerage name, inquiring about inside information about this stock.

……

At nightfall.

A light drizzle began to fall in Shanghai.

Zhang Yang, sitting at his desk in his office, is currently browsing the internet.

After several hours of public discussion, Kainuo Technology officially entered the public eye, a crucial step before boosting its stock price.

If no retail investors pay attention, to whom will the shares be sold after the price is driven up?
Now that he's entered the stock market, Zhang Yang won't hesitate to reap the rewards, since everyone's here to make money, not to do charity.

As time passed, it was 7 p.m. in the blink of an eye. Zhang Yang skillfully turned on "Xinwen Lianbo" (the evening news program) to learn about the latest news of the day.

The "News Broadcast" program can be said to be the most accessible first-hand insider information for ordinary people.

While the authenticity of short articles on the market cannot be guaranteed, the content of "Xinwen Lianbo" (the nightly news program on CCTV) is all authoritatively verified.

Good evening, everyone.

“晚上好。”    “今天是2009年6月15号星期一，农历5月23日，欢迎收看《新闻联播》节目。”

"First, let me introduce the main content of today's program..."

As hosts Li Zimeng and Kang Hui delivered their opening remarks, the latest news and information were presented to Zhang Yang.

The first news item is about China-Africa cooperation, with the Ministry of Foreign Affairs meeting with diplomats from African countries and emphasizing the framework of the Forum on China-Africa Cooperation.

The second news item was a rural financial inspection. The national delegation visited rural areas in Ningxia, conducted on-site research on financial institutions such as Shahu Rural Bank, learned about agricultural loans and internal control system construction, and emphasized the need to improve rural financial services.

The third news item concerns local development and environmental governance. Multiple comprehensive pollution control projects in Kunming, Yunnan Province, have commenced construction, covering areas such as ecological environment restoration in the Yangtze River Economic Belt and treatment of urban black and odorous water bodies, aiming to improve pollution control levels in key areas.

……

The sixth news item concerns international financial cooperation. Representatives from China and Russia exchanged views in Moscow on issues such as responding to the international financial crisis and reforming the international financial system, emphasizing opposition to trade protectionism and support for increasing the voice of emerging markets and developing countries in international financial institutions.

A series of news articles confirmed Zhang Yang's initial speculation.

First, there's the "China-Africa cooperation." Perhaps many people don't understand why we need to deal with poor African countries.

Although Africa is poor, it is rich in resources and can, to some extent, absorb the surplus industrial goods produced by China, such as nail clippers, knives, and clothing.

To put it simply, it's about earning foreign exchange.

Regarding the second point about rural finance, Zhang Yang boldly predicted that with both CPI and PPI declining, factories would be unable to sell their products, and urban development would lack momentum, so the country would turn its attention to the potential market of rural areas.

Looking back at the four economic crises since the founding of the People's Republic of China, the country has always relied on rural areas to overcome them. Rural areas are the adrenaline of the nation!
The recent increase in subsidies for rural home appliances and car purchases indicates the government's intention to revitalize the rural consumer market.

Secondly, there's environmental governance. When the country was "adjusting the steel industry structure and eliminating outdated production capacity," Zhang Yang bet on steel and environmental ETFs because the document mentioned high-pollution and energy-intensive production equipment, and environmental issues were brought to the forefront of investors' attention early on.

Judging from the current situation, Zhang Yang's initial judgment was entirely correct.

Even without Zhong Qifeng's "premature sabotage," he could have remained calm and collected.

However, after watching tonight's "News Broadcast," Zhang Yang became even clearer about the direction the country would prioritize going forward.

1 is import and export trade.

2. Rural financial consumption.

3. Environmental governance.

After hyping up Kainuo Technology, he could easily select another small-cap stock from these three sectors to control, and then sell it off as soon as the positive news materialized.

In summary, the strategy is to look for clues in authoritative news, make arrangements in advance, and then reap the rewards when retail investors rush in after the positive news is released!

"Cough-cough-"

When the cough notification sounded on QQ on his computer, Zhang Yang casually clicked on it.

[Lai Weijie]: Thank you so much, Brother Yang. If there's anything I can do for you in the future, just let me know. I, Lai Weijie, will go through fire and water for you!

This is the seventh recent graduate from Shanghai University of Finance and Economics to thank him today. To be honest, Zhang Yang didn't intentionally help them; he just casually mentioned it to Tao Yuang. Unexpectedly, the latter actually made proper arrangements for them.

Since the die is cast, Zhang Yang naturally couldn't shirk his responsibility. He typed back, "We'll talk about the future later. Focus on your work and don't embarrass Shanghai University of Finance and Economics."

[Lai Weijie]: Definitely!

Besides Lai Weijie and Dong Lulu, He Jing also invited Zhang Yang to dinner.

However, due to being too busy recently, Zhang Yang had to deal with Caiyan.com and Kaino Technology, so he postponed the dinner until the end of the month after graduation.

With only a dozen days left until the end of the month when students take graduation photos and receive their diplomas and degree certificates, this may be the last time that students like Zhang Yang, Xu Zhiruo, and He Jing return to the university campus.

After replying to Lai Weijie, Zhang Yang left the office.

It's worth mentioning that Caiyan.com needs to provide users with 24/7 financial news and comment review, so there are a group of financial editors and reviewers working the early shift, another group working the middle shift, and yet another group working the night shift, which can be summarized as three shifts.

……

The next day, July 6st.

Zhang Yang woke up in Zhangjiang Talent Apartment, a subsidized housing provided by the Zhangjiang area to attract talent.

Originally, he was planning to buy a house in Lujiazui. As a reborn person, Zhang Yang knew that the housing prices in Shanghai would skyrocket in the next ten years.

Unfortunately, there are just too many places where money needs to be spent. Not to mention the expenses of controlling Kaino Technology and bribing financial media, the operating costs and traffic costs of Caiyan.com alone are a huge fixed expense, especially the traffic costs, which can cost hundreds of thousands in the blink of an eye.

Buying a car can make you look good, but buying a house doesn't have much practical significance.

Nobody talks business at home unless they're working in the early morning.

After a quick wash at his apartment, Zhang Yang randomly picked a breakfast shop and ordered four meat buns, two zongzi (sticky rice dumplings), two fried dough sticks, and a cup of steaming soy milk, as usual.

After having a full meal, he drove straight to the office space in Block A of Changtai Plaza.

"Ding--"

The elevator door opens.

The two receptionists start work 20 minutes earlier than other employees and are required to be at the company by 8:10 am.

Upon seeing Zhang Yang arrive at the company, the two greeted him warmly.

"boss Zhang."

Good morning, Mr. Zhang.

"Good morning."

Zhang Yang responded politely, and instead of lingering in the reception area, he walked to the right and arrived at the B-side office area, where he found Yu Meijiao, the website operations manager who had just arrived at the company.

"boss Zhang."

The other person immediately stood up.

"Sit down." Zhang Yang didn't put on any airs, but looked at the computer screen with concern and asked, "What's the website's retention rate?"

"Let me see."

Yu Meijiao quickly checked the data.

After opening the backend traffic monitoring page, she responded: "The current retention rate is 42%, but don't worry, Mr. Zhang. We are a financial website, and the A-share market has not yet opened. The data will be more accurate after 9:15."

A website with high retention rates must achieve a 60% retention rate on the second day and a minimum retention rate of 20% on the seventh day; otherwise, it lacks appeal and requires optimization.

Currently, Caiyan.com's day-two retention rate is much better than expected.

Since the A-share market has not yet opened, the number of users in the early morning and morning alone reached 42%, and the retention rate throughout the day is estimated to be 65%, or even 70%.

Of course.

This may also be related to the group that attracts attention through publicity.

The netizens currently participating in the gray-scale testing are all clients of his VIP market research group, naturally possessing fan loyalty.

Zhang Yang didn't dwell on it too much and gave the task: "Manager Xu and the others went to discuss traffic acquisition. Before you leave work today, compile the retention and access data into a document and send it to my email."

"Oh, right."

Then he remembered something and reminded him, "Remember to label the timeline of the data."

"Okay, Mr. Zhang."

Yu Meijiao nodded.

Creating this kind of data document is very simple, and there isn't much data involved; it can be completed in ten minutes.

After giving his instructions, Zhang Yang walked straight back to the finance conference room on side C.

As Zhang Yang approached, Liao Guopei greeted him, "Good morning, Joker. The banner on Fuchun Road has been raised quite effectively, and the atmosphere at Kainuo Technology has been greatly boosted!"

"As you can see, the more retail investors there are, the less we can afford to rush things. And right now, it's uncertain how much speculative capital is eyeing Kainuo Technology."

Zhang Yang said calmly.

He used a leveraged account to buy in order to capitalize on the momentum of "suffocating top speculative investors" and create hype and buzz.

They now have the advantage of being the first to act and are not afraid of the disruption caused by speculative capital.

Moreover, the more speculative capital pays attention to it, the more likely Kainuo Technology is to experience multiple price movements, such as consecutive upward trends.

"What do we do next? Fake fall and V-shaped recovery?"

Lin Guangchang, who was standing nearby, asked.

Zhang Yang thought for a moment and said, "Public opinion has exceeded my expectations. I originally planned to just drive the price down to the daily limit, but now I have to use some other methods."

"What method?"

"What is it?"

Liao Guopei and Lin Guangchang quickly pressed for more information.

Zhang Yang sat down at his seat, opened his laptop, and said calmly, "Since Fuchun Road has such a bad reputation, it's perfectly reasonable to do another 924 checkpoint."

Upon hearing this, Liao Guopei and Lin Guangchang's eyes lit up instantly, and they immediately understood what Zhang Yang wanted to do.

Is Fuchun Road small in scale?
Is Fuchun Road infamous?

That's perfect for cleaning the plate!
……

As time passed and it reached 9 a.m., the FTSE China A50 index futures listed in Singapore turned downward, but the decline was small, only 0.22%.

Based on recent news and market conditions, Zhang Yang first used his website privileges to issue an early warning to all users of Caiyan.com, and then focused on the opening of the market.

[Financial Research Network Morning Market Reminder]: Trading volume has declined in stages over the past five trading days, with short-term profits gradually being cleared out. However, there is a large amount of trapped capital above 2800 points, requiring a massive impact from heavyweight stocks. We need to be wary of the chaotic situation of funds without a clear leading sector in the short term. It is recommended to focus on blue-chip stocks for investment.

Thousands of retail investors who witnessed the warning flocked to the online community to share their opinions.

[Success Upon Arrival]: Profit-taking has been cleared out, but trapped positions remain. According to Caiyan.com, to break through 2800 points, blue-chip stocks need to lead the charge!
[The Investor Kid]: If the index wants to go up, heavyweight stocks definitely need to step up. This article is reminding us that we need to wait for trading volume to appear. Only when the volume increases can the trapped positions be cleared out. The main players cannot lead retail investors to profits.

[Leek Original]: Major players, hurry up and push up the weighted index! I've been stuck at 3000 points for almost two years. Let me break even and I'll leave.

Low volume means low trading volume. It is known that there are a large number of trapped investors above 2800 points. If the volume does not increase, that is, if the trapped investors are not cleared out, which major player would dare to continue to push up the price?
After the stock market crashes of 2007 and 2008, for the index to break through and stabilize in 2009, trading volume was essential; otherwise, it would all be a false breakout.

9 points.

The two major indices began to fluctuate.

After yesterday's surge, banks, insurance, and securities all saw a pullback, while non-ferrous metals rebounded.

However, the significant pullback in many sectors directly dragged down the Shanghai Composite Index and the Shenzhen Component Index, causing them to turn negative.

Seeing this, Zhang Yang immediately said, "Follow the overall market trend first, then wait for it to turn from weak to strong."

"OK!"

"understandable."

Liao Guopei and Lin Guangchang began to control the trading volume, turning the intraday chart of Kainuo Technology from weak to strong.

At 9:16, there were more than 300 unmatched lots, but by 9:23, the unmatched lots had dwindled to only about 20 lots, and the stock price tended to open flat.

Seeing this trend, Zhao Qiang and Yun Tao, two fellow speculators, both thought that "Fuchun Road" was about to turn from weak to strong, and that the stock would surge immediately after the opening.

However, neither of them expected that at 9:24:50, a sudden sell-off of 60 shares would immediately reduce the stock price by 7%, leaving them no time to react.

"Fuck!"

"Nima!"

The two exchanged a phrase about traditional Chinese culture from afar.

It wasn't just them; some retail investors who were thinking of speculating also felt their hearts suddenly shrink when they saw the familiar "924" crash.

[Calm and collected]: I'll fucking get you Fuchun Road, are you dumping shares again? Can't you have a little more class?
[Xiaochen Chongchongchong]: Yesterday it almost hit the daily limit, and today it crashed right on cue. No wonder it's Fuchun Road, Linbei, damn it!

[Alleyway Poverty Alleviation Expert]: Damn it, this time you really want to take all the family property, is there any place that's hiring ducks? I want to sell myself to increase my investment.

[A Moment of Youthful Madness]: I'm done playing! I'm done playing! Fuchun Road, please let me go! I'm still a child!

The familiar sell-off, the familiar entry points, the familiar plot twists left many speculative retail investors kicking themselves in. Even Xu Xiang, Sun Guodong, Xu Haiou, and others didn't expect that the scale of this "Fuchun Road" stock was so small, resorting to a sell-off before even reaching the limit up price, completely irrational.

At this moment, Zhang Jianping, who was far away in Lin'an, swallowed hard and said with some lingering fear, "I was thinking of bidding to build a position to see what would happen, but this guy from Fuchun Road is playing this trick again. No, I can't ride with him, or I might get buried alive."

(End of this chapter)