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

Chapter 199: The story of the "jumping man" spread throughout the investment circle; Fuchun Road used 2 million yuan to rescue itself.

A detention center in Shenzhen.

Led by the police, lawyer Xi Yifan, dressed in a simple polo shirt and wearing black-rimmed glasses, who was about 40 years old, came to the interrogation room and met Chen Sanrong, who looked haggard.

"Hello Mr. Chen, I am Mr. Shen Yufan's lawyer. My surname is Xi. Could you please briefly describe what happened so that I can have a general understanding of the case?"

"This is what happened..."

Chen Sanrong recounted in detail how he bought a Ferrari California, kept a mistress, got his entire portfolio wiped out, couldn't pay the mistress's fees, and was ultimately framed for rape.

During his 24 hours in the detention center, he witnessed the coldness and warmth of human relationships.

Perhaps because Chen Sanrong had never revealed how much money he actually had, his friends who used to eat, drink, and have fun with him, and his classmates who used to call him "Brother Rong," all started complaining when they heard that Chen Sanrong was in trouble and didn't have enough money in his account to pay his lawyer's fees, so they asked him to pay for them. Then they all found excuses to hang up the phone.

Drinking buddies are not friends if there's no alcohol or meat.

Many people may be fascinated by "downward socializing" because the flattery and sycophancy of others can be addictive.

Just like with the girls at Shang K, if you have money, you're God, and they'll do whatever you want. But once you lose money, their feelings instantly vanish.

Therefore, smart and wealthy people clearly distinguish between fair-weather friends and true friends. They may have fun and joke around, but if something really happens, they won't rely on fair-weather friends.

Distinguishing between upward and downward social interactions is actually quite simple. In short: upward social interactions mean you act as someone else's servant, while downward social interactions mean you make others act as your servants.

Unable to rely on drinking buddies and classmates, Chen Sanrong finally had no choice but to use his connections in the speculative investment circle.

As expected, Kong Zhiyuan of "Jintian Road" continued to give Chen Sanrong the runaround. Other Shenzhen speculators, knowing that Chen Sanrong was in jail, were indifferent and just wanted to watch the drama unfold. Only Shen Yufan of "Yitian Road" was willing to help.

"That's how it happened. Attorney Xi, you have to help me."

Chen Sanrong was like a drowning person, desperately trying to grab onto this lifeline.

Once convicted of rape, the sentence is generally three years or more.

Three years is neither a long nor a short time. Chen Sanrong is worried about what changes will occur in the A-share market after three years and whether he will still be able to profit from it.

He is afraid.

He was terrified.

He was lost and confused.

Because he was afraid of losing his means of making a living, Chen Sanrong hadn't slept since he was arrested and put into the detention center yesterday, which made him look extremely haggard, with bloodshot eyes.

After learning the whole story, Xi Yifan immediately grasped the key point and said, "So, you were playing SM with that woman, and she accused you of sexual assault based on the marks and pinch marks on your body?"

"Yes...that's how it is."

Chen Sanrong was filled with remorse at this moment.

He didn't actually have that many fetishes; it was the woman who strongly insisted. Looking back now, Chen Sanrong realizes he encountered a professional gold digger.

What is a professional gold digger?

The low-end approach involves marrying a rich man, slowly gathering dirt on him, and then extorting a large sum of money to reach the pinnacle of life.

The high-end ones attend training courses, their clothing, food, housing, and transportation are all designed to meet the standards of socialites, and then they try every means to marry into a wealthy family.

Xi Yifan glanced at Chen Sanrong, sighed, and said, "The most important criterion for determining rape is external injuries, because injuries are a concrete manifestation of violence and coercion. The only way you can clear your name now is to get the woman to admit that she fabricated facts and made a false report."

Having been a criminal defense lawyer for so long, this kind of case is the most troublesome for him.

Because if the woman has external injuries and the man has residual fluid, regardless of whether the process was consensual, it basically establishes the crime of rape.

Many criminal defense lawyers would be unwilling to take on this kind of case, but out of respect for Shen Yufan, Xi Yifan still offered the only solution.

So now the question is, how do we get the woman to admit to the police that she fabricated facts and made a false report?

And they don't have much time left. Once the case reaches the prosecutor's office, the difficulty of overturning the verdict will increase exponentially.

“Attorney Xi, you are the only one I can rely on. As long as you can get me out safely, I will give you 50 yuan in legal fees.”

Money makes the world go round. When Chen Sanrong mentioned 50, a glint of greed flashed in Xi Yifan's eyes, but he remained calm and said, "I'll do my best. If the woman wants compensation, how much do you think is appropriate?"

He then added, "If someone admits to fabricating facts and making a false report, it could constitute the crime of false accusation."

"I'll give her five times the amount of money she would have paid to keep her, as long as the case can be dropped." Chen Sanrong was out of options; all he wanted now was to get out of there as soon as possible.

“Okay, I will try my best to get the case dropped,” Xi Yifan nodded slightly.

Although the male lawyer cannot meet with the female lawyer directly, there are still many channels to convey a message.

Moreover, he had figured out that the woman was only after money, and now that he had hundreds of thousands of yuan in front of him, the chances of dropping the case were still quite high.

……

While Chen Sanrong was still in a state of panic and anxiety, his "heroic deeds" had already spread in the speculative trading groups.

[Shennan East Road]: Breaking news! The guy who jumped off a building wanted to eat chicken for free, but now he's been accused of rape by the woman and is being held in the Shenzhen Detention Center. A friendly reminder: cultivate the good habit of paying before you use.

[Hujialou]: ? ? ?
[Brother Zhao]: ? ? ?
[Brother Sun]: ? ? ?
[Stock Trading to Support the Family]: ? ? ?
[Zen City Shadowless Kick]: ? ? ?
The screen was filled with question marks in Qiu Baoyu's investor exchange group.

Eating chicken without paying?

Is this really that bad?

Even if the guy who jumped off the building is down on his luck and his investment has been halved, he's still a speculative investor with at least several million Chinese yuan in his hands.

After a screen full of question marks, Liao Guopei was the first to break down, asking for details: "Is the news reliable? Did he really go in?"

[Hujialou]: Are you bragging? Or is someone setting a trap for the guy who jumped off the building? Otherwise, how could he not afford a few thousand yuan?

[Shennan East Road]: It wasn't a one-time thing, but a sugar daddy arrangement. I estimate it was worth several hundred thousand yuan. I don't know what happened to the guy who jumped off the building, that he actually tried to renege on even several hundred thousand yuan.

[Nanyang Battle Song]: 666, I can only say this is a talent. To save even this little bit of money is simply outrageous and inhumane.

[Brother Sun]: I guess the woman didn't tell the guy who jumped off the building his story. Last time, the masseuse at Jinxiang Foot Massage was very perceptive. Her first sentence was about having a younger brother who was going to college, a gambling father, and a mother who farmed in the countryside. It made me tear up and give her a tip of 888 yuan.

[Ma Xinqi]: ​​Actually, I also have a younger brother who just started college. Do any of my good brothers want to transfer some money to me?

[Brother Zhao]: If you have hemorrhoids, you might consider asking at Tianfu.

[Ma Xinqi]: ​​What do you mean?
[Brother Zhao]: People in Chengdu love men with a strong sense of style. One year he gets a BMW, two years he gets a Maserati, and three years he returns to his hometown with ten million.

[Professional shill]: No, what did we in Tianfu do to you? Are you trying to smear us like this? Fine, fine, Brother Zhao, don't let our Sichuan-Chongqing gang catch you, or you'll be in big trouble.

[Brother Zhao]: Just kidding, bro. I'm just kidding. Don't be angry. At worst, I'll apologize to you in person while wearing white socks.

The group of speculators chatted amongst themselves. Because the circle was small to begin with, the news that "the guy who jumped off a building wanted to eat free chicken" quickly spread throughout the entire speculator circle. When Zhang Yang learned the truth about Chen Sanrong's disappearance, he couldn't hold back his emotions.

"puff--"

“Is this a joke?”

How much does it cost to keep a mistress?
10?
20?
50?
Surely they wouldn't default on their debt.

Liao Guopei, also with a smile, analyzed, "They probably went all in on Haitong Foods and don't have the money to pay them."

"Then aren't we the masterminds behind this?" Lin Guangchang suddenly realized.

The burial of Chen Sanrong at Haitong Foods was orchestrated by Zhang Yang, Liao Guopei, and Lin Guangchang. However, they never expected that Chen Sanrong would leave them no money and end up in jail.

“Strictly speaking, we were indeed the masterminds behind the scenes, but things didn’t go as I expected.”

Zhang Yang said calmly.

"That's his fate. He doesn't have much cash, yet he still buys Ferraris to pick up girls. We can't blame him," Liao Guopei chimed in.

People often talk about fate, but few can truly understand these two words.

Fate is predetermined.

Luck is a variable.

Just like family background, no one can freely choose their parents; it's fate.

The emergence of luck refers to a variable that breaks the established trajectory.

For example, an ordinary person with a monthly salary of 2000 yuan would find it difficult to save 100 million yuan in their entire life. The phrase "mediocre and unproductive" would permeate their life.

However, the appearance of "luck," such as winning the lottery or encountering a benefactor, can disrupt his original life trajectory.

The Zhuangzi, in its chapter "Autumn Floods," states that things cannot function without movement.

It means that without the help of luck, one cannot achieve success on their own.

To put it simply, in many cases, if a person wants to succeed, their own efforts and wisdom are not enough; they also need external opportunities, conditions, or luck to cooperate.

"Now that the guy who jumped off the building is locked up, should Haitong Foods change its fundraising plan?" Lin Guangchang looked at Zhang Yang.

They originally planned to start buying on the dip this afternoon, but now that the guy who jumped off the building is in jail for an unknown period of time, there is some random selling pressure.

Liao Guopei, who was standing to the side, also looked at Zhang Yang and asked, "What did Joker say? Should we change the plan?"

The emergence of unforeseen circumstances forced them to re-evaluate their plans.

Zhang Yang glanced at his laptop screen and made a decision: "Let's see if any of the short essays have gained traction by noon, especially the ones I mentioned this morning about stopping the reorganization of the short essays."

Haitong Foods has now experienced five consecutive days of decline, with its current share price at 4.73 yuan, nearly halved from its recent high of 8.89 yuan.

"Alright, let's hold back for now."

"received."

Liao Guopei and Lin Guangchang responded in turn.

……

While Zhang Yang, Liao Guopei, and Lin Guangchang were still waiting for an opportunity to intervene, the two major A-share indices experienced a sharp drop.

The Shanghai Composite Index, which opened at 3261.41 and rose slightly, began to turn downwards after touching 3273 points.

3262 points.

3251 points.

3233 points.

The sudden plunge caused retail investors' sentiment to waver.

[Love Riding Electric Bikes]: What happened again? It was just going well, and suddenly it plummeted. Is the A-share market even worth trading anymore?

[Who is whose]: The A-share market adage goes: open high and close low, open flat and close low, open low and close low. This is like a diver.

[I will definitely marry Li Daxiao in this lifetime]: The sharp drop is just a market correction, don't panic. Trust Teacher Daxiao, the Chinese stock market is entering a structural bull market.

[A Promise for Ten Thousand Years]: Yes, I believe in Teacher Da Xiao. Although I have retraced 14 points, I am still willing to believe in Teacher Da Xiao. After all, he helped me make the most of the gains in June and July.

[Good Juice]: As Joker has already said, you guys can hold on to the top of the moon, I'm leaving now.

10:00 AM, 10:30 AM, and 11:00 AM are typical turning points for the market. When the market turns at these times, many experienced investors increase their positions, hoping to make a profit by trading within the day.

Just as half of the stock market investors were rushing in, a short market-related article began to circulate widely.

[Breaking news: Management will halt approvals for mergers and acquisitions of listed companies.]
Without any specific source or institutional endorsement, the fact that someone posted it on the stock market discussion forums of Eastmoney, Tonghuashun, and Caiyan.com instantly caused panic.

The suspension of approvals for mergers and acquisitions of listed companies means a halt to backdoor listings, which will affect all listed companies that have speculated on backdoor listings.

Back in the Huitianfu office building, the three fund managers of the "Huitianfu Balanced Growth Equity Fund," Su Jing, Ouyang Qinchun, and Pang Sa, felt a sudden pang of anxiety the moment they saw the market news article.

"Isn't it?"

"Has the approval process for listed company mergers and acquisitions been halted? Is the government going to put a stop to backdoor listings?"

"No wonder the A-share index plummeted. Damn it, it turns out insider money was rushing to sell. What a bunch of bastards!"

Ouyang Qinchun and Pang Sa were cursing and swearing, while Su Jing remained relatively calm. He squinted and assessed the credibility of the short essay.

"Does the suspension of approvals for mergers and acquisitions by listed companies mean the government is going to comprehensively improve the overall quality of listed companies?"

"Or is it that funds need to be freed up to make way for Everbright Securities, Huaguo Zhongzhi, or the ChiNext board?"

"No, we have to call and ask."

Su Jing muttered to himself, and finally decided to call to verify.

In his view, there is no baseless rumor in the A-share market, and from a rational perspective, the content of this short essay is entirely plausible.

Why do we say it stands up to scrutiny?
In the past two months, mutual fund institutions and securities companies have mentioned more than once that there may be a liquidity crisis in the A-share market.

How to deal with it?

The best solution is to make room for it.

Furthermore, halting the approval of mergers and acquisitions of listed companies can, to some extent, tighten the quality control of listed companies.

Currently, China has two listing options: one is to go through the normal listing process, and the other is to pay for a backdoor listing.

The difficulty of a backdoor listing is far lower than that of a normal listing process.

Because of backdoor listings, many companies that cannot even meet the listing requirements still manage to go public, which is why there are a large number of "junk companies" in the A-share market.

If the China Securities Regulatory Commission (CSRC) really stops approving mergers and acquisitions of listed companies, it will definitely be a good thing in the long run.

However, in the short term, that would be a major negative factor, because after the H1N1 flu concept theme, the only remaining theme is "backdoor listing".

"Dududu-"

Su Jing called Sun Jiandong of China Asset Management. As the "second-in-command" of China Asset Management's public funds, Sun Jiandong possessed information that ordinary fund managers like Su Jing could not match.

His acquaintance with Sun Jiandong was also quite coincidental. In 2007, while on annual leave, the two met on a yacht in Sanya, had a race, and eventually became friends.

"Hey Su Jing, what's up?"

The call was answered.

"Is Brother Jiandong busy?" Su Jing didn't rush to talk about business, but first greeted him politely.

“I haven’t been too busy, what’s wrong?” Sun Jiandong asked again.

"There were rumors in the market that the China Securities Regulatory Commission (CSRC) will stop approving mergers and acquisitions of listed companies. I'm unsure what to do, so I wanted to call and ask Jian Dong what he thinks about this."

Su Jing got straight to the point.

“Just take a look at these little market articles and don’t believe them completely.” Sun Jiandong first lectured for a while, and then said, “I heard someone mention this little market article yesterday, but it only took so long to gain traction today. It’s probably a shakeout by some major players.”

"Washout?"

"It's just a possibility."

"Okay, thanks, Brother Jiandong."

"Watch yourself."

Sun Jiandong had barely finished speaking when he suddenly changed the subject, saying, "I heard there are ladyboy parties in Thailand. Are you interested in going to check it out?"

"Recently?" Su Jing asked back.

"I heard from others that it's been going on for a few months now, so I'm thinking of trying something different," Sun Jiandong said with ill intent.

The human body is a sophisticated instrument with a unique reward mechanism that constantly secretes dopamine to relieve physical discomfort, such as friction pain in joints.

This reward mechanism has a threshold; each time dopamine is secreted, the threshold for dopamine secretion is raised.

It's not that rich people are playing fancy games; they're just tired of the usual ones and can't stimulate their brains to release dopamine.

Given the importance of Sun Jiandong's connection, Su Jing agreed, even though he had no interest in transvestites, saying, "No problem. After I've dealt with things for a while, I'll risk my life to accompany you and find out what transvestites are all about."

"Haha, okay."

Sun Jiandong laughed with satisfaction.

Just as Su Jing was about to say something, Ouyang Qinchun's eyes widened and she exclaimed, "There's funding to prop up the price!"

"what?"

Su Jing was suddenly startled.

[Stock Anomaly Alert]: Haitong Foods saw a super buy order of 3000 million yuan.

[Stock Fluctuation Alert]: Haitong Foods saw a super buy order of 4000 million yuan.

[Stock Anomaly Alert]: Haitong Foods saw a super buy order of 3000 million yuan.

[Stock Anomaly Alert]: Haitong Foods saw a super buy order of 2000 million yuan.

32 lots of sell orders at the daily limit down price of 4.73 yuan, with a total value of 1.5136 million yuan, were snapped up by "mysterious funds" and then quickly surged upwards, with the amount of funds invested being at least 2 million yuan.

4.81 yuan.

4.86 yuan.

4.92 yuan.

The stock price soared, leaving Su Jing stunned for half a second. Sun Jiandong on the other end of the phone, unaware of what had happened, asked, "What's wrong?"

"It's nothing. Haitong Foods was hit by mysterious funds. It might be a self-rescue attempt by Fuchun Road. Brother Jiandong, I have to go now. Talk to you later."

"Okay, you get busy first."

Just as Su Jing hung up the phone with Sun Jiandong, Lin Hai from E Fund Management called. As Su Jing pressed the answer button, he looked at Ouyang Qinchun and Pang Sa and said, "Check how much capital we have lost."

"Ok."

"Take the statistics immediately."

Ouyang Qinchun and Pang Sa responded one after the other.

Lin Hai was about to ask if Su Jing had taken the bill, but it seems that it wasn't him.

"Manager Lin, I know what you want to ask. We can contact each other in the QQ group. This round of unusual fund movements may be because Fuchun Road can't sit still anymore."

"Row."

The two hung up the phone.

Meanwhile, in the institutional group for "Haitong Foods," messages from fund managers kept popping up.

[China Asset Management - Qi Zhenbang]: With 2 million yuan in funding, only Fuchun Road can provide such a large amount of capital!

[Yinhua Fund - Wang Hua]: Fuchun Road is trying to save itself, absolutely Fuchun Road is trying to save itself. Should we cooperate and push up the price?

[Huaan Fund - Shang Zhimin]: I have no grudge against Fuchun Road. It's up to you guys. I'll follow the trend.

The fact that 2 million yuan was used to prop up the stock price, especially given the rampant rumors about "stopping the approval of listed company mergers and acquisitions," has led fund managers to believe that this is a desperate attempt by "Fuchun Road" to save itself.

Because no one knows the authenticity of this market-related post, if it is true, Fuchun Road will lose at least tens of millions.

[Huitianfu Fund - Su Jing]: First, let's look at the willingness of retail investors to take the plunge. Currently, it seems that no retail investors are willing to follow.

Just as Su Jing said, even though they knew that Fuchun Road had not yet "cut its losses," retail investors simply did not buy in, or to be precise, dared not buy Haitong Foods at all.

[Loves to wear open-crotch pants]: All retail investors, don't get carried away, don't chase highs, don't act impulsively. Haitong Foods has a hidden gem on Fuchun Road!
[National Male God]: Holy crap, over 30 lots of buy orders! Fuchun Road must be desperate after losing so much money. The stock price dropped from 8 yuan, and now they're definitely trying to fleece us retail investors!

[Delicious Crab Roe Burger]: All retail investors have it. Let's all open Haitong Foods' sales page and smash that beast Fuchun Road to death!
[Taiwanese Girl's Redemption]: Anyone who buys Haitong Foods is an idiot. If nothing unexpected happens, we'll be waiting to smash up the stock on Fuchun Road.

With the well-known speculative capital from Fuchun Road involved, retail investors simply don't dare to enter.

If they get in now, they won't be able to sell their shares until tomorrow, while Fuchun Road, having a base position, can sell them today.

Buy to drive up the price, sell to profit from the arbitrage, and then buy back in when the price falls back – a textbook example of reverse T+0 trading is complete.

Are retail investors stupid?

Retail investors are not stupid.

Those who were able to get involved in the stock market in 2009 were basically from middle-class families, and their level of understanding was several times that of ordinary families.

The reason why retail investors are frequently exploited is that they lack discipline and have not established their own trading model.

……

Financial Research Network office space.

Finance meeting room.

Seeing that only a few funds were following, Liao Guopei quickly looked at Zhang Yang and said, "It seems the bounce has failed; no retail investors are following."

"Fuchun Road is Fuchun Road; it has left a huge psychological scar on retail investors."

Lin Guangchang continued.

"That's the effect we wanted." Zhang Yang said calmly and confidently, "In the eyes of retail investors and institutions, Fuchun Road is trying to save itself, a desperate gamble."

"Once today's trading data is released and confirms this hypothesis, we can take advantage of Fuchun Road's failed self-rescue attempt tomorrow to shift our holdings to other seats, giving retail investors and institutions the illusion that Fuchun Road has cut its losses and left the market."

"Without the shock of Fuchun Road, the buying interest will gradually recover. If the news that the China Securities Regulatory Commission has stopped approving mergers and acquisitions of listed companies is later debunked, we can ignite the market and drive up prices, speculating on the expectation of backdoor listings."

Retail investors and institutions thought they were very clever, believing that "Fuchun Road" was desperately trying to save itself by pushing up the price, but in reality, it was all a trick.

After listening to Zhang Yang's full explanation, Liao Guopei's eyes lit up, and he exclaimed in surprise, "So that's what you were planning, Joker? Does that mean we're off work today?"

"This is going to rip off retail investors and institutional investors to death, hahaha," Lin Guangchang laughed.

However, there was one thing he didn't understand, so he asked Zhang Yang, "Speaking of Joker, if the news that the China Securities Regulatory Commission has stopped approving mergers and acquisitions of listed companies is confirmed to be true, wouldn't we suffer huge losses?"

They have already invested 3 million yuan, and only 2 million yuan is left in available funds. If the short essay is proven to be true, the paper loss may turn into a real loss.

Zhang Yang certainly couldn't say that he was a reincarnated person who knew that Yijing Optoelectronics would definitely succeed in its backdoor listing. Instead, he put it another way:

"If it were at 3470 points, I might think that this was a deliberate topping signal released by the China Securities Regulatory Commission to burst the bubble and force out credit funds in the A-share market."

"But the A-share market is already in a downward trend, and it is continuing to decline with decreasing volume. The China Securities Regulatory Commission has no reason to add fuel to the fire. They have the task of stabilizing the stock market. Moreover, Everbright Securities and Huaguo Zhongzhi will be listed soon."

"Indeed."

Liao Guopei nodded and said in a deep voice, "There aren't many main themes for speculation in A-shares at this stage. Asset restructuring and backdoor listings are one, and another is the low-carbon economy and the South-to-North Water Diversion Project. The low-carbon economy can't take the lead for now, and the South-to-North Water Diversion Project is too small. If the backdoor listing theme is ruined, A-shares may really fall back to 2500 points, or even lower."

Lin Guangchang, who was standing nearby, thought of something and guessed, "Do you think it's possible that this is a message deliberately released by the China Securities Regulatory Commission to create panic and accelerate the decline, and then they will deny it and quickly establish a bottom?"

"It's not impossible."

"This statement does have some logic."

Liao Guopei and Zhang Yang both spoke up, affirming Lin Guangchang's statement.

Many retail investors may not understand why there are so many articles circulating in the market, yet relevant departments have not spoken out to regulate them.

Is tracing the source difficult?
No.

Unable to locate the poster?
Nor is it.

The main reason why short-lived market speculation cannot be completely eliminated is that most of the information comes from institutions, and many institutions like to use a mix of true and false information to deceive retail investors in order to achieve the effect of shaking out weak hands or taking over their positions.

……

Following the release of a news article titled "China Securities Regulatory Commission Halts Approval of Mergers and Acquisitions of Listed Companies," both major A-share indices plunged.

The morning session closed at 11:30 AM.

The Shanghai Composite Index is currently at 3223 points, down 0.82%, with trading volume decreasing again, reaching only 700 billion yuan in the morning.

The Shenzhen Component Index saw a significant drop in trading volume, with only 400 billion yuan traded in the morning. However, its decline was relatively small, at only 0.23%, closing at 12943.92.

It's clear from the declines in the two major indices that large-cap stocks continued to lead the losses today, while small and mid-cap stocks showed resilience.

Looking at the trading volume, it was only 1100 billion in the morning. Even if it surged by another 1100 billion in the afternoon, it would only amount to 2200 billion. This is a very bad thing for ordinary retail investors.

why would you say so?

The market has fallen for five consecutive days with decreasing trading volume, indicating that there are more and more "holdouts" holding onto their positions. Many retail investors are still unwilling to give up and believe that the A-share market is just faking a drop and will definitely rebound in the short term.

However, the more united retail investors become, the less likely the A-share market is to reverse course.

The stock market is a game of chance, and when it comes to games, only a few people are destined to profit. If everyone makes money, who loses money?

Some might argue that a general rise in prices means no one needs to lose money, and that pushing up the index will lead to common prosperity for everyone.

However, this idea is very appealing, but reality is harsh. The stock market needs people to lose money; if everyone makes money, it's a bubble.

A decline during an uptrend is not a bad thing. A decline will result in a loss effect. Since profit and loss come from the same source, this means a redistribution of wealth, which naturally reduces the formation of bubbles.

At this moment, Wang Tao (a professional speculator) in Sichuan and Chongqing was staring at Haitong Foods' intraday chart and muttering to himself, "2 million to buy back shares, what a big move."

Is Fuchun Road really trying to save itself?

"He doesn't look like himself anymore."

In Wang Tao's eyes, Fuchun Road is a ruthless and unscrupulous speculator.

Haitong Foods has seen five consecutive days of decline. Without any supportive sentiment, is it too risky to rashly invest 2 million yuan?

If he were in charge, he would decisively abandon the previous funds instead of increasing his stake and escalating the risk.

Did you misjudge the trend?

Did you make the wrong stock choice?

Just give up.

It's just like dating; if it's not a good fit, you should cut your losses instead of trying to change her.

Many so-called "pure love warriors" know that their girlfriends like to play around, yet they still fantasize about changing her, only to end up being cuckolded one after another, like a human pyramid.

Investing in the stock market is not just a hobby, but a way to gain insights into life.

[Financial News Reminder from Caiyan.com]: The State has issued the "Notice on the Pre-tax Deduction Policy for Advertising Expenses and Business Promotion Expenses in Some Industries," which clarifies that the deduction ratio for advertising expenses of cosmetics, pharmaceuticals, and beverage manufacturing (excluding alcoholic beverages) enterprises has been increased from 15% to 30%, and allows the excess portion to be carried forward to subsequent years for deduction.

The emergence of this bombshell news made Wang Tao stop thinking about it. If he wanted to know whether the 2 million was spent by "Fuchun Road", he only needed to check the list of top traders after the market closed at 3 pm.

He hoped it wasn't Fuchun Road, because that would overturn his image of Fuchun Road.

Retail investors who closely follow financial news began interpreting the policy as soon as they saw the "Notice on the Pre-tax Deduction Policy for Advertising and Business Promotion Expenses in Certain Industries".

[I'm Not a Stock Market Guru]: The deduction ratio for corporate advertising expenses has been increased from 15% to 30%, and the excess portion can be carried forward to future years for deduction. This is definitely a major positive development, as it reduces corporate advertising tax by more than half.

[A clueless teenager]: I can understand every word of the announcement, but I just don't know what it's trying to say. If I don't understand, I'm asking: Am I still suited to stock trading?
[Nanpai Xiaoshushu]: This is just a tax reduction announcement for advertising and promotional expenses. If you are a new stock investor, you can understand it. But if you are a 10-year veteran stock investor, you should withdraw as soon as possible or choose to invest in stable index sectors, because you don't even have the ability to interpret policies.

[Xiao Xuesheng]: It doesn't matter if you don't understand the policy content. Follow Li Daxiao on Weibo. He is our closest partner as retail investors. Teacher Daxiao can not only interpret the policy content for you, but also teach you how to buy good stocks, be a good person, and reap good rewards!

　Tomorrow, we'll draw a lucky winner based on the closing price of the A-shares market. Same rules as always, it'll be a KFC meal.

　　Also, it's almost the end of the month, so I'm begging for monthly votes. For every 1000 monthly votes, the author will receive 100 yuan. Half of this money will be sent to the group, and the other half will be sent as chapter red envelopes. I won't take the spicy snack coins; the main purpose is to monetize them, hehe.

　　
　
(End of this chapter)