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

Chapter 152 The Buffett Lunch Auction: Public Opinion Continues to Grow Over the Weekend
As day turns to night, and China is shrouded in darkness, Nebraska, USA, on the other side of the ocean, is just entering the early morning.

Many people may not have heard of Nebraska. The state's GDP ranking among US states is not particularly prominent, far behind California, Texas, and New York, placing it in the lower-middle range.

But if you mention Omaha, some people will probably remember it.

Omaha is the largest city in Nebraska and a vital economic hub for the state. It is famous primarily as the long-term residence of investment guru Warren Buffett and the headquarters of Berkshire Hathaway.

It is precisely because of the presence of the "Oracle of Omaha" that Omaha has attracted a large number of financial professionals and is known as "Little Wall Street".

3555 Farnham Street.

Inside the two-story villa.

Warren Buffett was sitting on the living room sofa reading today's New York Times newspaper, while his second wife, Astrid Menkes, was in the kitchen preparing breakfast.

"Oh my god, this is a terrible day."

The moment he saw the headline news, he couldn't help but pray.

On June 25, in the United States, pop singer, creator of the "moonwalk" dance, and global superstar Michael Jackson died of a sudden heart attack at the age of 50.

Warren Buffett is not a fan of celebrities, but he did attend a Michael Jackson concert with tens of thousands of people, and the two even had a meal together.

The sudden passing of his friend was a significant blow to Buffett, who was nearly 80 years old.

"what's going on?"

Astrid Menkes, who was busy in the open kitchen, heard the noise and turned to look at Buffett to ask.

"Jackson has passed away."

Just a simple sentence brought tears to Munks' eyes, and she said in a choked voice, "May he rest in peace in heaven."

Michael Jackson's influence represents the pinnacle of pop music.

There are many singers who can get fans to spend money, but only one can make a fan faint from listening to a live performance and be rushed to the emergency room.

Menks wiped away the tears from his eyes, quickly washed the milk cup, poured in the freshly heated milk, and then arranged the toasted bread slices, fried eggs, and sausages on a plate.

Americans typically have a simple breakfast, usually consisting of toast, fried bacon, pancakes, sausage, and fried eggs, rotating among the other two.

Of course.

Some people eat hamburgers for breakfast.

Warren Buffett likes to eat hamburgers for breakfast, and when he travels to New York for business, he usually eats breakfast and lunch at McDonald's.

However, at home, Menks decides what he eats.

Buffett was seen eating breakfast while continuing to read the New York Times, squeezing in as much time as possible.

In addition to the tragic news of Michael Jackson's sudden death from a heart attack, the newspaper also mentioned the deadlock in US healthcare reform.

In June 2009, the U.S. Senate Finance Committee planned to reduce the cost of the Healthcare Act to $1 trillion, primarily by cutting federal subsidies to the uninsured.

The proposal immediately sparked a huge public outcry, with strong protests from the uninsured and thousands of healthcare reform supporters rallying in Washington to call for the retention of the "public health insurance option."

In addition, the New York Times article also mentioned that U.S. troops will withdraw from major Iraqi cities by June 30, and that the New York Times published an investigative report in the energy section questioning the economic viability of U.S. shale gas development, calling it a possible "Ponzi scheme."

"Buzzing—"

As Buffett was looking at the newspaper, his cell phone, which was placed on the table, vibrated.

The caller was none other than Buffett's investment partner, Charlie Munger.

Good morning, Charlie.

Buffett answered the phone.

“There’s new information on healthcare reform, and I think we can increase our investment in private healthcare,” Charlie Munger said, getting straight to the point with excitement.

Something occurred to Buffett, and he asked, "The public health insurance option has been removed?"

"Maybe, who knows? At least for now, it's certain that Simoney on Capitol Hill has invested $30 in private healthcare through a Goldman Sachs fund."

Charlie Munger had barely finished speaking when he continued, "Oh, by the way, Burlington Northern Santa Fe Railway has given us a clear answer, agreeing to transfer 77.5% of the company's shares at $117 per share, but I feel the price could be lower."

What is your target price?

Buffett asked.

Charlie Munger thought for a moment and replied, "No more than $105."

Upon hearing the answer, Buffett seemed to be deep in thought.

At $117 per share, he would need to invest $300 billion to make the acquisition.

But if the price is cut to $105 per share, at least $30 billion can be saved.

"Do you have time? Let's go to the Burlington Northern Santa Fe Railway together."

Buffett asked.

“Of course.” Charlie Munger agreed without hesitation.

The Burlington Northern Santa Fe Railway acquisition was the largest acquisition planned by Warren Buffett and Charlie Munger in their careers, with a total value exceeding $300 billion.

As Buffett and Charlie Munger discussed traveling together to Burlington Northern Santa Fe Railway to discuss acquisition plans, the gray bidding button on eBay's "Lunch with Buffett" auction page lit up as the 24-hour countdown ended.

The Buffett Lunch, also known as "Buffett's Charity Lunch," is a charity event hosted by Warren Buffett in 2000 at the Smith & Wollensky restaurant in New York. All proceeds are donated to the Glide Foundation.

The auction page currently shows that the bidding period ends on July 5th, and the highest bidder is Henrik Verick, with a bid of $460,000.

next second.

The $46 became $48, and the highest bidder's online name became Ito Teruya.

This is a global auction; anyone can bid freely by paying a $5000 deposit.

In the blink of an eye, the bidding price reached $59.

Meanwhile, far away in Shanghai, China, Zhang Yang, working in the office of Caiyan.com, was watching the auction under the cover of night using the company's international network.

62 million.

70 million.

86 million.

The soaring price of "Lunch with Buffett" in 2009 was inextricably linked to Zhao Danyang's "face-to-face stock recommendations."

In the past, those who bid for "sky-high lunches" were mostly there for charity or to exchange investment experiences. This is the first time that someone has bid for a lunch with the purpose of recommending stocks.

However, Buffett had a way to deal with it. After being tricked by Zhao Danyang, he stated through several established American media outlets that he would have the right to end the lunch early if any bidder recommended stocks in violation of regulations.

This statement clearly implies that Zhao Danyang violated the rules, and the reason he did not leave was due to the lunch rules, not because he was optimistic about Wumart Commercial's stock.

Zhang Yang watched the auction for a while. After the price broke through $100 million, the bidding slowed down significantly. Before, the price would jump once per second, but now it would jump once every one or two minutes.

With a $5000 margin requirement, no one will be so idle as to cause trouble.

"After $124 million, the bidding slows down, only jumping once every ten minutes or so. The final price should be under $300 million."

Zhang Yang muttered to himself.

He had secretly resolved to do everything in his power to win the lunch and have Buffett act as the "advertising spokesperson" for Caiyan.com.

Buffett forbids stock recommendations, but his recommendation of financial websites perfectly circumvents these restrictions.

Given Buffett's influence in the financial field, he could absolutely bring a massive number of users to Caiyan.com.

Assuming it can bring in 100 million users, even if only 10 are willing to pay a monthly subscription, at a monthly membership price of 120 yuan, that would generate 1200 million yuan in revenue.

Multiply 12 million by 1200 months, and you get 1.44 million yuan a year.

Investing is an art, and Zhang Yang happens to understand the beauty of this art.

He doesn't need to worry about losing money. It's like selling footballs; if you can get Messi and Ronaldo to endorse them, you're guaranteed to break even. That's the influence economy brought by industry leaders.

……

June 27th is the Dragon Boat Festival.

2009年有两个端午节，一个是5月28号，一个就是6月27号。

The reason for the two Dragon Boat Festivals is simple: the lunar calendar of that year had a "leap fifth month".

What is a leap month?

This is because the lunar calendar takes into account the movements of the sun and the moon. In order to reconcile the difference in the number of days in a tropical year and a synodic month, the actual number of months is adjusted by "intercalation". In other words, the difference in the number of days is adjusted by adding months.

This is why some people have two birthdays in one year.

It's rare that Zhang Yang didn't work like a "workaholic" on the weekend; the weekend shift at Caiyan.com was enough to support basic operations.

He bought some zongzi (sticky rice dumplings) and fruit, thinking of going back to Shanghai University of Finance and Economics to visit his "empty-nest roommate" Chen Chuan, and also to pack his own luggage so he wouldn't be in a rush on graduation day.

It takes less than half an hour to get back to Shanghai University of Finance and Economics from Zhangjiang Talent Apartment.

Zhang Yang pushed open the door to dormitory 308. The bed on the left side of the door had been emptied, leaving only a wooden frame. Xu Jiafeng had used his connections to go to the headquarters of Galaxy Securities in Yanjing for an internship.

have to say.

His girlfriend is very capable.

Wang Liu's bed hasn't been cleared yet. He's a local from Shanghai, and his family runs a business. He's interning at Galaxy Securities Jinling Road branch. In the dormitory group chat, he often complains that it's too difficult to meet performance targets, and that he also has to raise funds, running around doing business like a beast of burden.

Anyone who has interned at a securities brokerage knows that many brokerages have extremely strict performance evaluations for account managers. If they fail to meet these targets, they not only lose their performance bonuses, but also only receive the minimum wage.

It's similar to an insurance manager who, if they don't meet their performance targets, will be required by the company to make up the difference, which is very unreasonable.

Now, Chen Chuan is the only one left in the dormitory who hasn't left and hasn't gone to his internship.

The moment Zhang Yang pushed open the dormitory door, he couldn't help but smile helplessly. This guy's desk was not only piled high with tissues, but he was also sleeping naked. He had no idea how much needlework he had done during this time.

But since they were both men, he knew what teenage boys thought about every day.

"Cough-cough-"

Two coughs served as a warning, and Zhang Yang entered the dormitory, placing the zongzi (sticky rice dumplings) and fruit on the table under his bed.

Hearing the voice, Chen Chuan groggily opened his eyes. When he saw it was Zhang Yang, he turned over and said, "Good morning, dormitory head."

one second.

two seconds.

three seconds.

Suddenly! He remembered something, quickly covered his brother with the blanket, and asked in surprise, "Dormitory leader, when did you get back?"

"Just now, you didn't go to your internship?"

Zhang Yang opened his closet and started taking clothes out.

"Don't even mention it. Liu Zi is exhausted. I'm thinking of finding an easier job, like becoming a son-in-law in Xiaoshan."

As Chen Chuan put on his pants, he spoke of his lofty ideals.

Zhang Yang took out all the clothes from his wardrobe and said bluntly, "Being a live-in son-in-law is no better than being a male model at a bar."

"Do you think I can be a male model?"

"Going to Sichuan and Chongqing should be possible."

"Forget it, I'd rather be stabbed in the back with a knife. If I can't hold it in when I'm old, the caregiver will really beat me."

The two chatted idly for a while. Chen Chuan got dressed, quickly got out of bed, and went to the balcony to wash up.

After he finished washing up, Zhang Yang looked at his desk and reminded him, "Today is the Dragon Boat Festival. I brought you some zongzi (sticky rice dumplings) and some fruit."

"Thank you, dorm leader." Chen Chuan didn't stand on ceremony and started eating the zongzi right away.

Because the dormitory door was ajar, Zhang Yang's loud voice echoed down the corridor, instantly attracting the attention of many investment students who hadn't gone for their internships.

"Brother Zhang!"

"Zhang Yang!"

"Brother Zhang is back?"

One by one, investment students came to visit, some even carrying zongzi (sticky rice dumplings), hoping to leave a good impression on Zhang Yang.

They had all heard that Zhang Yang, Xu Zhiruo, and Xu Zhirou, an accounting major, had started a financial website and recruited a large number of alumni from Shanghai University of Finance and Economics.

When Professor Wang Xingbang learned that Zhang Yang had started a website and was doing very well, he immediately spread the word and started talking to other professors from finance and economics universities about Zhang Yang.

Not only Wang Xingbang, but other investment professors also use "showing off" as a topic of conversation and boast about it to professors at other schools.

Although Zhang Yang's achievements have nothing to do with them, nominally, Zhang Yang is indeed their student, and they can indeed chat with him under the title of "Teacher Zhang Yang".

It's no exaggeration to say that Zhang Yang has become a legend at Shanghai University of Finance and Economics.

"Good morning everyone, come and eat zongzi." Zhang Yang greeted them.

"Thank you, Brother Zhang."

"Brother Zhang, I won't stand on ceremony."

The students ate zongzi (sticky rice dumplings) and chatted with Zhang Yang about recent school events.

Just then, a young man who was less than 1.7 meters tall, wearing a white T-shirt and black shorts, strode into the dormitory.

"Brother Zhang."

Zhang Yang glanced sideways and saw Lai Weijie, the man who had asked him to "manage the accounts."

He was carrying a bag full of Moutai liquor as he walked through the crowd, saying, "Thank you, Brother Zhang. If you ever need anything from me, just let me know. Anything is fine." Lai Weijie had been at a loss when Tao Yuang told him that they had to compete with students from other universities in the Yangtze River Delta for permanent positions.

He's just a cheater; if he competed based on merit, how could he possibly compare to students from other universities?
Just when Lai Weijie thought he was going to be kicked out in half a month, Zhang Yang, the invisible force behind the scenes, helped him once again.

Most importantly, he was transferred from Huaxin Securities Shanghai Branch to Tao Yuang's marketing team at China Asset Management.

Without Zhang Yang, there would be no Lai Weijie today. He secretly decided that as long as Zhang Yang needs him in the future, even if it means using the money of fund investors to take over, he will agree without hesitation.

"Why are you being so polite? Come and have some rice dumplings." Zhang Yang handed over a rice dumpling, not noticing the Moutai that the other person had placed down.

"Thank you, Brother Zhang."

Lai Weijie bent down to take it.

Not only Lai Weijie, but other recent graduates of Shanghai University of Finance and Economics, such as Zheng Shaohui and Qi Junze, rushed back to the university after learning that Zhang Yang had returned to school, wanting to visit him to express their gratitude.

However, Zhang Yang noticed that more and more people were gathering, including freshmen and sophomores. He realized he couldn't stay any longer; he might not be able to leave even after a day.

"Try to find a job. If you really can't, come work as a financial editor at my company." Zhang Yang patted Chen Chuan on the shoulder, leaving him a way out out of consideration for their four years of roommate relationship.

Fresh graduates often feel lost. Zhang Yang was also lost in his past life, but back then, no one was there to hold an umbrella for him.

Zhang Yang was well aware of Chen Chuan's background and capabilities. He might not be good at investing, but he was more than capable of being a financial editor, after all, he had formal training in the field.

"Thank you, dorm leader."

Chen Chuan was deeply moved.

"Brothers, I have things to do at the company. See you at the graduation ceremony."

Zhang Yang picked up his suitcase, waved, and then looked at the crowd and said, "Excuse me, everyone, please make way. See you at the graduation ceremony."

"Goodbye, senior."

"Brother Zhang, let me see you off."

Goodbye, Brother Zhang.

With the support of a group of students from Shanghai University of Finance and Economics, Zhang Yang left the university.

However, no sooner had he left than He Jing rushed back to Shanghai University of Finance and Economics.

"Sister Jing, you're late. Zhang Yang just left not long ago, saying he had to go back to the company to handle some matters," Lan Sisi said, looking at He Jing, who had dark circles under her eyes and bloodshot eyes.

"What a coincidence."

Upon learning that Zhang Yang had already left, He Jing rubbed her temples.

She's been busy with public funds lately and hasn't slept for two days and two nights. She finally managed to get some sleep today, but was woken up by a call from Lan Sisi saying that Zhang Yang had returned to school.

Like Lai Weijie, Zheng Shaohui, Dong Lulu, and others, she was also grateful to Zhang Yang for getting Tao Yuang to help her get into China Asset Management.

He Jing wanted to treat Zhang Yang to a meal to express her gratitude some time ago, but Zhang Yang declined, citing his busy schedule.

It has to be said that Zhang Yang was indeed very busy recently. Not only recently, but he still has a lot of work to do now. Caiyan.com needs him in many ways.

"Should we call him?"

Lan Sisi asked.

He Jing waved her hand and replied, "Never mind, everyone's busy with something. I'm just missing my dorm bed, I'm going to take a nap."

……

The next day, February 6th.

Over the weekend, the rumors surrounding the backdoor listings of Kainuo Technology and Meijin Group continued to escalate. The online trolls contacted by Liao Guopei continued their efforts, especially financial self-media outlets, who were genuinely motivated by their paid involvement.

Meijin Group, a coal giant with six coal mines and equity stakes in two others, possessing geological reserves of 25 billion tons of high-quality coking coal covering all types of coal needed for coking, and with an annual production capacity of 16.8 million tons approved by the National Development and Reform Commission, is about to be listed through a backdoor listing. Currently, the share price of the target company, Kainuo Technology, is only 5.6 yuan, representing a significant discount!

Still foolishly subscribing to IPOs? Coal giant Meijin Group is about to go public, and the company being acquired is trading at a significant discount—buying now is a guaranteed profit!

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Just how does Meijin Group compare to coal giant China Shenhua? Let's find out!

Under the relentless bombardment of financial self-media, countless retail investors are already dizzy and confused, not to mention the online trolls stirring up trouble.

[Little Bee]: My family is from Jinxi. Meijin Group has huge development potential and can definitely become the next Shenhua Group.

[Love in Search of Flowers]: 5.6 yuan is definitely a serious discount, comrades. Believe me, this stock is worth at least 10 yuan or more.

[Rumors]: I heard that Meijin Group has a partnership with Huaguo Shenhua. Logically speaking, if it goes public, its valuation should not be lower than 15 yuan, and it should at least get three consecutive limit-up days.

[I am Big Iron Egg]: Three consecutive limit-up days? I think Meijin Group can achieve thirteen consecutive limit-up days!

Financial self-media outlets are unanimously optimistic, while online trolls are spreading misinformation, causing many retail investors to instantly lose their ability to make their own judgments.

It wasn't just Liao Guopei who was creating momentum; speculative investors such as Ma Xinqi, Zhao Qiang, and Yun Tao also used their own methods to generate online public opinion for Kainuo Technology and Meijin Group.

To become a successful speculative investor, one cannot rely solely on technical skills; one must also possess the ability to manipulate online public opinion.

If you want retail investors to come in and take over, you have to create hype for the stock and let them know that such a stock exists.

Wait for retail investors to buy in at the limit up price, then sell all the shares they have.

With Liao Guopei and Lin Guangchang in charge of generating buzz for the stock, Zhang Yang didn't need to worry about anything; instead, he focused on organizing what had happened over the weekend.

It wasn't until late at night that he compiled a briefing on the events of the weekend and the message to be conveyed by the 28th CCTV News program, and released it through the Caiyan.com information channel.

[Weekend Briefing from Financial Research Network]:
1. On June 27, the State Council executive meeting reviewed and approved the "Rural Road Regulations (Draft)," which clearly puts rural road construction on a legal track and provides long-term institutional support for rural infrastructure investment through measures such as extending the service life of roads and strengthening financial guarantees.

This is beneficial for rural development and infrastructure sectors.

2. On June 27, Jinxi Fenjiu announced a 10% price increase for its products. At present, Guizhou Moutai and Wuliangye have not raised their prices in tandem.

This is good news for the liquor sector.

3. On June 28, my country's first cylindrical ultra-deepwater marine drilling and storage platform, "SEVAN DRILLER", was named and delivered in Qidong, marking a major technological breakthrough for China in the field of deep-sea oil and gas development.

This is beneficial to sub-sectors such as marine engineering companies, oil and gas extraction equipment, and high-end steel.

4. On June 28, the National Food Security Conference emphasized that food security is the top priority for governing the country and ensuring its stability, and required Heilongjiang Province to continue to focus on grain production, develop modern large-scale agriculture, and consolidate the foundation of a "great granary".

This is good news for the grain sector.

5. On June 28, the International Monetary Fund (IMF) released a report raising its 2009 global economic growth forecast.

This is beneficial to the global economic recovery.

……

9. The continued impact of the home appliance trade-in policy has led to official media in many regions interpreting the subsidy details to further stimulate consumer expectations. Experts predict that the trade-in program will drive more than 100 billion yuan in consumption.

This is good news for the home appliance and consumer sectors.

10. A building in the Lotus Riverside Garden complex in Shanghai collapsed. The direct cause of the accident was the accumulation of 10-meter-high earthwork on the north side of the building in a short period of time, and the excavation depth of the underground garage on the south side reaching 4.6 meters. The pressure difference between the two sides caused the soil to shift horizontally, exceeding the lateral resistance capacity of the pile foundation.

This is negative for the real estate sector.

After sorting through all the events of the weekend, Zhang Yang stretched and, through subtle clues, seemed to have found another short-term investment theme: liquor.

Why are baijiu (Chinese liquor) prices increasing?

It's important to understand that Jinxi Fenjiu targets the mass market, so the logic behind its price increase needs to be carefully considered.

Zhang Yang believes that the price increase reflects expectations of a consumption recovery, coupled with a loose monetary policy environment.

In layman's terms, too much water has been added, making the liquor industry a dual choice for both risk aversion and value investing.

Besides liquor, the rural economy and the concept of deep-sea oil wells also require careful consideration.

The positive news this weekend wasn't particularly significant, but there were still some points for speculation.

After checking it and confirming there were no typos, Zhang Yang published it.

As soon as the briefing was released, it immediately attracted a large number of website users to watch and leave their comments in the bottom comment section.

[No Glacier in Sight]: Rural Road Draft? Is the government going to build roads for our rural hometown?
[Little Baby]: The world's first cylindrical ultra-deepwater marine drilling and storage platform, "SEVAN DRILLER," has been named and delivered in Qidong. Amazing, my country! Tomorrow, a thousand stocks will hit their daily limit!
[Fate is not determined by fate]: As a veteran stock investor who experienced famine, I deeply understand the saying that food security is the top priority for governing the country. I predict that food stocks will take off tomorrow.

Looking at the constantly refreshing comments and the soaring views of the weekend briefing, Zhang Yang felt more confident.

After this period of operation, Caiyan.com has exceeded 10 registered users, of which 6 are active users. This number has surpassed that of Eastmoney and Tonghuashun at the same time. With further operation, Caiyan.com will be a money tree that keeps dropping gold coins.

……

Silent all night.

The following morning.

When Monday, June 29th arrived, Liao Guopei and Lin Guangchang arrived at the finance conference room early.

"The Shadowless Kick."

"Supporting a family so early?"

Liao Guopei was somewhat surprised. He was usually the first to arrive, so he didn't expect Lin Guangchang to arrive so early today, which was quite unexpected.

"It's all about making money, right? Joker said he'd be shipping out the goods today." Lin Guangchang didn't beat around the bush and just stated the reason.

“I’ve read the online comments and I feel like retail investors have been intimidated. I’ll ask Joker again when he comes to tell me if I should sell today.”

Liao Guopei sat down in the chair.

At this time, retail investors were all shouting that Meijin Group was the next China Shenhua and that its stock price would soar to 20 yuan.

In this heightened emotional state, with everyone caught up in the moment, he thought he could wait a little longer and maybe get another beating.

"We've bet too much this time; it's better to stick to our profits."

Lin Guangchang didn't want to take any risks. Acquiring a controlling stake in Kainuo Technology had really drained all their funds. If something went wrong, they would all have to perform a series of aerial acrobatics.

"Let's ask Joker. If he says he'll ship the goods, I'll definitely agree. After all, the three of us brothers are all in it for the money."

Liao Guopei said with a smile.

A dozen minutes after the two arrived at the finance conference room, Zhang Yang pushed open the door and led Xu Zhiruo into the conference room.

Good morning, both of you.

"Good morning."

Good morning, Joker.

Good morning, Zhiruo.

"Good morning everyone."

After exchanging greetings, Liao Guopei asked his question: "Joker, have you seen the online opinions? It's almost one-sided. I feel that Kaino Technology can wait another day."

"I've seen it, but I don't know if it's a paid troll from another company."

Zhang Yang said with a faint smile.

Online opinion is indeed one-sided, with retail investors believing that Kaino Technology's stock price will rise, but who knows if this is just a bunch of paid trolls trying to mislead people?

"This... I hadn't thought of that." Liao Guopei suddenly realized something; he had only wanted to benefit from running, and hadn't really thought of this.

“We have too many chips in our hands, and we must clear some of them in time. Going all in on one stock is extremely risky.”

Zhang Yang insisted on his own views.

If he had enough money, he would never have bet on a single stock; instead, he would have spread his holdings evenly.

……

As time passed, at 9:15, just as the stock price fluctuated, the liquor sector suddenly surged.

Jinxi Fenjiu shares hit the 10% daily limit.

Guizhou Moutai rose 3.7%.

Wuliangye rose 4.4%.

The liquor sector saw a collective rise due to the price increase of Jinxi Fenjiu, which in turn boosted the entire consumer sector.

Unlike the strong performance of liquor stocks, the banking sector has become sluggish.

The Industrial and Commercial Bank of China, China Construction Bank, and Huaguo Bank not only failed to rise, but also showed signs of turning negative, causing concern among countless retail investors.

[Shotgun blasting]: Liquor and consumer sectors are taking off, but what's going on with the banking sector? It's been correcting for a while!
[Xiaochunchun]: The pullback in the banking sector is a good thing, indicating that the national heavyweight funds have stopped pushing up the market. If the index is too high and causes a pullback, individual stocks could be directly dragged down!
[Financially Free Person]: I just joined the bank, and it's already withered so quickly? This isn't right, is it? I'm not some kind of paraquat!
According to professionals, the adjustment of banks is inevitable. Take Huaguo Bank as an example. On May 27, it was only 3.5 yuan, and on June 23, its highest price had reached 4.95 yuan, with an astonishing increase of 41.43%.

The recent upward movement of the index was mainly driven by the banking, insurance, oil, and real estate sectors, so a pullback is perfectly normal.

Zhang Yang only glanced at the market index and then stopped looking at it, because those of them who trade speculative stocks only need to know the general trend, not pay close attention to it all the time.

As expected, Kaino Technology opened at the daily limit up due to the weekend's public opinion.

Liao Guopei glanced at the liquor and exclaimed, "The liquor price has gone crazy! Could it be Zhao Danyang's doing?"

“Possibly, after all, he’s a big name in private equity,” Lin Guangchang agreed.

"The expectation of a consumption recovery, coupled with loose monetary policy, has led to this. We just need to focus on our own stocks." Zhang Yang, his eyes fixed on the screen, added after giving this reminder:
"9:24 is a critical point. We need to maintain the upward trend of the opening auction. There are many profitable and trapped funds that are hesitant right now. We need to reassure them first."

"clear."

"I understand, brother."

Liao Guopei and Lin Guangchang responded quickly.

They all know that retail investors have a serious psychological aversion to the "924" point, after all, it's like riding the same train as the ruthless manipulator Fuchun Road.

Put yourself in their shoes. If they were retail investors, the first thing they would think of when there was any disturbance was that Fuchun Road was about to dump shares. So stabilizing the market is very important.

(End of this chapter)