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

Chapter 208 Chen Xiaoqun becomes an apprentice, Haitong Foods' stock price surges.

[Pooping requires effort]: Joker truly lives up to his reputation as a master, his creativity is boundless! Earth top, Moon top, Sun top, Milky Way top, and now here comes the Universe top!

[The Empress's Father-in-Law]: Director Dai is really good at stirring things up, haha, he's turned Zhang Yang and Li Daxiao into adversaries again.

[Wearing doesn't count as giving]: Universe top VS united bull, if you don't understand, ask: can retail investors unite to support a piece of the sky?

[The A-share index is being heavily speculated on]: That's impressive, bro. Stocks that retail investors hold onto in large groups can often overwhelm the major players, allowing them to wipe out the entire market!

As Zhang Yang and Li Daxiao's predictions were broadcast live, countless retail investors discussed the matter and began to take sides, choosing between bullish and bearish positions.

Some retail investors agree with Zhang Yang's assessment: the 3000-point mark has been breached, the previously gathered sentiment has completely dissipated, and it is unlikely that a new round of major upward trend will be launched in the short term.

Some retail investors, like Li Daxiao, believe that the index has fallen by nearly 500 points in eight days, and it's impossible for it to keep falling like this. They think that next week will likely see a rebound, or even a reversal.

At this moment, on the podium, Li Daxiao's eyes flashed with surprise. He did not expect Zhang Yang to dare to speak so blatantly about the future in front of the village chief.

"Who gave him the courage?"

Are you really not afraid of being blacklisted?

Li Daxiao murmured to himself.

It's okay to be pessimistic; there's no explicit rule against it. But to be pessimistic in front of Yin Huai'an is just too arrogant, isn't it?
At that moment, Yin Huai'an, the "village chief" of the Shanghai Securities Regulatory Bureau, looked at Zhang Yang and pressed him for an answer: "The top of the universe has been formed, and the overall market will continue to fall. Zhang Yang, is your basis only technical and sentiment analysis?"

When he said that, Li Daxiao was glad he hadn't chosen to be bearish, otherwise he would have been the one being questioned.

Zhang Yang picked up the microphone and said neither humbly nor arrogantly, "At the exchange forum on August 1st, I discussed stock market issues with Professors Li Yining and Cao Fengqi. That day, I mentioned a technical indicator called Gann Angles."

"Its principle is similar to that of a rubber band..."

At this point, Zhang Yang paused, looked at a female staff member in the audience, and said, "Hey, you over there, could you lend me your rubber band?"

The other person looked surprised, pointed at themselves, and mouthed, "Me?"

"Yes, it's you."

Zhang Yang nodded.

Upon hearing this, the female staff member quickly walked onto the stage and handed the rubber band she had just removed to Zhang Yang.

After getting the rubber band, Zhang Yang wanted to demonstrate with one hand because he needed to hold the microphone with the other. However, the next second, Bao Xingwei put his microphone to Zhang Yang's mouth.

"Woc?"

"what???"

"Bao Xingwei personally held up the microphone?"

"I rely on!"

This scene stunned Yin Huai'an and Dai Ruixuan, and even professors such as Wang Xingbang, Li Yining, and Cao Fengqi in the audience widened their eyes, causing an uproar in the audience.

Who is Bao Xingwei?
That's a living fossil of China's financial system!
It is no exaggeration to say that his contribution is part of the existing investment framework of the stock market.

Although Bao Xingwei is not an academician, the main reason he cannot become one is that China's financial system was established relatively late, and there are only academician seats in the field of financial mathematics, but no academician seats in the field of value investing.

In academia, or more specifically in the financial sector, Bao Xingwei is generally considered an academician.

It's astonishing that an academician could help hold the microphone for him.

“It’s obvious that Lao Bao really likes to show off. This is a bit too exaggerated. He even went so far as to hold the microphone himself.” Li Yining said, looking at Cao Fengqi beside him.

"Is it possible that Zhang Yang is here to gain experience? If he is Lao Bao's successor, he will definitely have to return to the financial think tank in the future?" Cao Fengqi responded softly.

"possible."

Li Yining agreed with this statement.

Most of the younger generation in financial think tanks are not currently working within the system; they may be in Japan, the United States, or some country in Southeast Asia.

Why disperse?
The reason is simple: they are learning and understanding the operating rules of the global capital market, and by learning from their strengths and making up for their weaknesses, they can achieve long-term development.

Behind Li Yining and Cao Fengqi, Wang Xingbang rubbed his eyes, unable to believe that what he was seeing on stage was real.

Having Bao Xingwei hold the microphone is simply unbelievable and unheard of!

If he could, he would like to go on stage and hold it for Bao Xingwei.

Not to mention Li Yining, Cao Fengqi, and Wang Xingbang, Zhang Yang was stunned for half a second, but he quickly came to his senses, gave Bao Xingwei a grateful look, and then quickly put his microphone next to the chair and stretched the rubber band with both hands.

"The operating principle of the stock market and the economy is like this rubber band. It expands to its limit in both directions, then contracts back, and continues to expand in the opposite direction, in a continuous cycle."

Zhang Yang stretched the rubber band to its limit in both directions, then slowly straightened it, and then stretched it up and down to its limit again, repeating this several times.

"The same principle applies to the rise in the stock market. Every point the index rises is like applying a force to a rubber band. When it reaches its limit, it will contract back and then move towards the other extreme. This is the core principle of Gann angles."

"Whether it's investing, starting a business, or buying a car or a house, you can refer to the core operating logic of Gann angles. There is no such thing as a one-sided rise or fall."

After the demonstration, Zhang Yang looked at Bao Xingwei and nodded slightly to show his gratitude.

Bao Xingwei put down the microphone he was holding and simply smiled.

Picking up the microphone placed next to his chair, Zhang Yang looked at Yin Huai'an, who was asking the question, and said, "This round of A-shares' rise of over 1800 points is like a rubber band that has been stretched to its limit. It needs to contract and then move in another direction. This is another reason for my bearish view."

Thank you for your remarks.

Yin Huai'an nodded slightly.

What else could he say?
What else would he dare say?
The fact that someone could get Bao Xingwei to hold the microphone shows they have incredibly high connections. It's quite possible that Zhang Yang will be his boss in the future.

The hundreds of thousands of individual viewers across the internet were moved to tears and flooded the screen with comments.

[Life is like a play]: Joker is the real friend of us retail investors; he genuinely wants to teach us something.

[The Birds of Youth Never Return]: So this is the essence of simplicity. Mr. Zhang is awesome. I instantly understand how to invest.

[Who is the killer]: Gann angles combined with the P/E ratio of all A-shares, those who use it know how effective it is. Mr. Zhang is indeed a professionally trained individual, and he is not blindly bearish on A-shares.

[Not a Lolicon]: I feel that what Teacher Da Xiao said makes sense. After a drop of 500 points, shouldn't there be a rebound?
Retail investors are still passionately discussing it online, but Zhang Yang on stage knows very well that even if he shouts about the risks ten thousand times and predicts a crash a hundred million times, there will still be retail investors who don't believe him.

A-shares in a downtrend are the easiest way to trap retail investors.

why would you say so?

99% of retail investors in the A-share market are keen to find the bottom area.

But most retail investors don't understand what the bottom is or what the intrinsic value of a stock is. This leads them to rush in to buy at the slightest pullback, resulting in the classic scenario of buying at the bottom only to end up buying halfway down the mountain.

Fear of rising prices, anticipation of falling prices, blindly buying at the bottom, and the process of waiting for the wind to blow at the peak are the daily routines of many retail investors.

At this point, some people might ask, since bottom-fishing is so risky, why don't we chase the highs?

However, the harsh truth is that there is no such thing as chasing highs in a downtrend. The so-called "highs" are often just weak rebounds deliberately created by major players to trap more retail investors.

……

For the next hour or so, the five people on stage discussed A-share policies, how to help retail investors like Ding'an Investment profit, and what kind of supportive policies would be introduced in the future.

As 4:30 p.m. arrived, the forum quietly came to a close.

"Thank you, it was a very pleasant conversation today."

"I also learned a lot."

"If there's an opportunity in the future, we can discuss and learn from each other more."

"sure."

The five people on stage shook hands politely.

Subsequently, at the request of the organizers, a group photo was taken and preserved in the forum's historical photo album.

After Zhang Yang, Bao Xingwei and the others stepped off the stage, the crowd watching the forum began to leave. Chen Xiaoqun finally couldn't hold back any longer. Ignoring Zheng Minghui's advice, he ran up to Zhang Yang, handed him a marker and said, "Joker, please sign your name for me. I'm a fan of yours and I even joined your QQ group. My QQ name is White Sanctuary."

"???"

The moment Zhang Yang saw Chen Xiaoqun's face clearly, he was instantly stunned.

How old is he?

Minors can now trade stocks?

However, he did have some recollection of the QQ name "White Sanctuary".

Before Bao Xingwei could say anything, Li Yining, who had come over, asked first, "Stock market investors are getting younger and younger these days. How old is the kid this year?"

"I'm 14 years old, almost 15. Don't underestimate me because I'm young. I've been a stock market investor for 3 years."

Chen Xiaoqun showed no stage fright whatsoever.

As the saying goes, a newborn calf is not afraid of a tiger. He had no idea who he was talking to. Even though he knew that Bao Xingwei next to him was very powerful, he was not afraid at all. He was very bold.

Not only Chen Xiaoqun, but everyone is a brave and adventurous warrior in their youth. However, as they gain more experience, timidity and caution will replace fearlessness, which is also a sign of maturity.

"Pfft!" Cao Fengqi, who had just approached, couldn't hold back and laughed, "A three-year veteran stock trader? Kid, you can't lie."

"Hey, why would I lie to you? I used my dad's securities account, you know Huaguo Shipbuilding? I bought some and made tens of thousands of yuan." Chen Xiaoqun boasted to him.

Zheng Minghui, Chen Xiaoqun's uncle, was sweating profusely as he approached Zhang Yang, Bao Xingwei, and the others, saying, "I'm sorry, I'm sorry, the child doesn't know the rules."

"fine."

Zhang Yang took the marker and looked at Chen Xiaoqun, asking, "Where do you want me to sign?"

"I deliberately wore a white T-shirt on the back of my clothes, hehe." Chen Xiaoqun turned around, turning his back to Zhang Yang, and said, "Joker, do you take on apprentices? I want to learn stock trading from you."

"..."

Everyone present fell silent, including Zhang Yang, who was signing autographs.

Apprentice?

Only scammers take on apprentices.

The simplest logic is: if one person can achieve financial freedom through stock trading, why bother teaching others?
Just like Buffett, who can make hundreds of billions through investment, would he care about a few hundred thousand or a few million in apprenticeship fees?

obviously.

People don't even look down on it.

The apprenticeship fee was less than the royalties earned from an autobiography.

Zhang Yang first signed "joker," and then, when writing the two characters "Zhang Yang," he refused Chen Xiaoqun, saying, "At your age, you should focus on your studies. It would be better to try investing after you go to university."

"I manage to balance stock trading and studying. Don't believe me? Ask my uncle!"

Chen Xiaoqun was still not giving up.

Upon hearing this, Zheng Minghui, who was standing to the side, said apologetically, "Xiaoqun is still at an age where she can't keep things to herself, Mr. Zhang, please don't take it to heart."

"Xiaoqun? Could it be Chen Xiaoqun?"

Zhang Yang murmured to himself.

In his previous life, when he invested in the Chinese stock market, he had learned about Chinese speculative capital, among which Chen Xiaoqun was prominently listed.

If he remembers correctly, Chen Xiaoqun rose to prominence in 2018, and his early style was mainly based on arbitrage on the first day of trading.

During the bull market of 2019, he developed the "Emotional Synergy Leading Stock Strategy" and amplified his returns through margin trading, with his capital exceeding one million yuan.

After earning his first million, regardless of whether the market was bullish or bearish, his "Emotional Synergy Leading Stock Strategy" could accurately capture the main upward wave. In less than six years, he joined the ranks of top-tier speculative investors, with available funds reaching four to five billion.

It was precisely because of his fame that Zhang Yang had an impression of Chen Xiaoqun.

"All right."

Zhang Yang signed his name.

When Chen Xiaoqun turned around, the youthful face overlapped with the mature face in Zhang Yang's mind. He could basically conclude that the "little friend" in front of him was Chen Xiaoqun, the first-line speculative investor who would create the "Emotional Synergy Leading Strategy" in the future.

"Stock trading doesn't affect my studies at all. Joker, please take me on. I'll do anything you ask." Chen Xiaoqun wanted to try again; he desperately wanted to improve.

"Okay." Zhang Yang had just nodded when Chen Xiaoqun couldn't wait to confirm, "Really? Joker, the great god? You're really willing to take me as your apprentice?"

"I can take you as my apprentice, but there's one condition: you have to achieve a 200% return within three months. If you can't do that, then you'd better study hard."

"!!!"

"!!!"

Everyone present was shocked.

A 200% return in three months—even top-tier speculative investors might not be able to achieve that!

Bao Xingwei, Cao Fengqi, and others all felt that Zhang Yang was subtly rejecting Chen Xiaoqun.

However, only Zhang Yang knew that Chen Xiaoqun had extremely high investment talent. As long as he could catch the next major upward wave in A-shares, a 200% return in three months was achievable.

Even if Chen Xiaoqun can't do it right now, she can focus on her studies first and then talk about learning investment from Zhang Yang in the future.

"Okay, it's a deal."

Chen Xiaoqun's eyes lit up with fighting spirit. He had achieved a return of up to 143% in the last three months.

At 143%, it's 57% away from 200%, meaning there's room for improvement with three consecutive limit-up days.

"It's a word."

Zhang Yang said with a smile. Apart from Chen Xiaoqun, no one else present took the matter to heart, thinking that Zhang Yang was just trying to appease the child.

After Chen Xiaoqun and Zheng Minghui left, many shareholders kept asking Zhang Yang for autographs, and he never refused them and always obliged.

After all, his current image is the channel through which Caiyan.com expands its traffic, and it is essential to maintain the fan economy.

……

And on the other side.

Financial Research Network office space.

As the "Lujiazui Exchange Forum" progressed, the fan economy gradually flowed into Caiyan.com. At this time, the marketing staff were amazed by the continuous influx of traffic.

"As expected of CEO Zhang, using his influence to boost traffic to the website—is this the strategic vision of a business leader?"

"When Eastmoney and Tonghuashun started offering free services, I thought we were going to be crushed. It's all thanks to our CEO Zhang that we were able to get the website back on track!"

"The number of paying users has rebounded. Is this what the fan economy is all about?"

"Mr. Zhang's move is the greatest strategy I've ever seen in my career. No matter how strong you are, the breeze still caresses the mountain, and we just won't follow suit and offer things for free."

"Our research report section is seeing an increase in visits. If we can build a good paid environment to attract experts to join, then our financial research website will activate its third profit point!"

"Mr. Zhang is awesome, haha!"

Zhang Yang's mere attendance at an event caused a turning point in Caiyan.com's website traffic. This marks the first time that both traffic and paid subscriptions have increased since the website experienced a continuous decline in traffic due to suppression from competitors.

In Zhang Yang's original plan, Caiyan.com's profit model was based on advertising, memberships, and research reports. However, the paid ecosystem for research reports was not yet fully established, and there was a lack of content.

However, as Caiyan.com moves towards a high-end approach, traffic to its research report section begins to rise, and users are gradually starting to pay for it.

Xu Zhirou, who advocated taking a high-end approach, finally breathed a sigh of relief.

Only she knew the extent of the difficulties that Caiyan.com had faced recently; it was a desperate gamble driven to the brink of collapse.

If Caiyan.com follows Eastmoney and Tonghuashun in going free, its hard-earned paid ecosystem will be destroyed instantly, making future transformation extremely difficult.

What if we don't make it free?
The website traffic has been declining, which is equivalent to a slow death.

It's human nature to seek freebies. Unless you produce exceptional content, it's hard to compete with free content. But sometimes, the money comes from the consumer, and after the winner is decided, capital will try to recoup its losses even more.

For example, in order to suppress competitors, the three international giants Synopsys, Cadence, and Mentor, which design chip EDA software, announced that they would be free. However, after eliminating their competitors, they immediately resumed charging and raised the overall price of the software modules.

"If the market drops tomorrow, then the flamboyant persona will be even more solidified. I hope it drops."

Xu Zhirou muttered to herself.

The current financial research website is completely self-serving, relying solely on its own image.

If the A-share market completely reverses, then Caiyan.com will fall into a complete downturn. However, if the decline continues, Xu Zhirou and the marketing department can take advantage of the existing opportunities to create a paid ecosystem.

Unlike Caiyan.com, which survived the ordeal, financial peers such as Eastmoney, Tonghuashun, and Sina Finance, after witnessing Zhang Yang's bizarre move of attending events and boosting traffic to his website, have all started working overtime to discuss their next steps.

Shen Jun, the CEO of Eastmoney, even canceled a dinner invitation and rushed back to the company to chair a new round of countermeasures meetings.

He couldn't help but marvel at how Caiyan.com was like an unkillable cockroach; even when they had cornered it, it managed to pull them out of the predicament.

Not only Shen Jun, but also Yi Zheng, the CEO of Tonghuashun, was feeling extremely troubled at this moment. He had not forgotten the bet with Alibaba.

Although it's unclear why Ma Yun is betting on both sides, he knows that if he can't destroy Caiyan.com, Tonghuashun's market share will be squeezed drastically, and Alibaba Capital will officially enter Tonghuashun's decision-making level.

"I should have studied harder before."

Yi Zheng regretted it so much that he slapped his thigh.

If he has the investment skills, he could easily follow Zhang Yang's example and go to economic forums to make his presence felt.

Because the viewers of the economic forum livestream are mostly retail investors, these are precisely targeted users, guaranteeing a massive influx of traffic.

pity!

His investment skills are not very good.

……

Time flies, the sun and the moon fly by.

The next day, February 8th.

Financial Research Network office space.

As usual, after having breakfast, Zhang Yang returned to his office early to organize the news from the weekend.

1. The Federal Reserve announced a $700 billion injection of liquidity into the market, the largest reserve injection since 2001, aimed at easing credit tightening pressures following the global financial crisis.

2. Davis Polk & Wards has reached a preliminary cooperation agreement with Tianwei New Energy to acquire a 66% stake in US-based HOKU Technology through a debt-to-equity swap, involving US$5000 million. This signifies that domestic photovoltaic companies are accelerating their overseas expansion.

3. The domestically produced MA60 regional jet has been officially delivered in batches to China's civil aviation authorities. This model was developed by Gaoan Aircraft Industry Group and can carry 50-60 passengers. It is mainly used to meet the air transport needs of small and medium-sized cities in China.

4. The Ministry of Education stated that in 2009, the quality of students applying for basic majors required by national strategies, such as geology, nuclear engineering, and minor languages, improved significantly, with the number of applicants increasing by 15% year-on-year.

5. According to data from the Ministry of Culture, in the first half of 2009, my country's original online game exports reached US$3.2 million, a year-on-year increase of 40%. The main markets included Southeast Asia, Europe and North America. Domestic games such as "Tian Long Ba Bu" and "Perfect World" gained recognition in overseas markets due to their cultural characteristics and technological innovation.

……

8. The State Council executive meeting studied and deployed six measures to promote the development of small and medium-sized enterprises, including alleviating financing difficulties, increasing financial and tax support, and accelerating technological progress.

9. The Nagqu Logistics Center of the Qingxue Railway was officially completed and put into operation. The center is the largest comprehensive logistics hub in the snow area, integrating warehousing, distribution and trading functions. It will significantly improve the efficiency of material circulation between the snow area and the inland areas. In addition, the Nagqu Logistics Center adopts a solar photovoltaic power supply system, which can generate 120 million kilowatt-hours of electricity per year, meeting 30% of the center's electricity demand.

10. The China Iron and Steel Association signed a six-month iron ore purchase and sale contract with Australia's FMG, with the agreed price down 35% from the long-term contract price.

After reviewing the weekend news, Zhang Yang frowned slightly and muttered to himself, "The Federal Reserve injected $700 billion in liquidity into the market. This is to catch up with the recovery of emerging industrial countries and enhance the attractiveness of US stocks."

After the global economic crisis, emerging industrial countries are always the first to recover, while major consumer countries are often the last.

why would you say so?

It's a very simple principle: the consumer country is too large. It's like the difference between a fat person and a thin person. With the same economic volume, it can't feed the fat person, but it can make the thin person feel full.

The Federal Reserve's injection of $700 billion in liquidity into the market is undoubtedly aimed at accelerating economic recovery and attracting international hot money to the United States.

As for other news, Zhang Yang saw a main theme that could be hyped up: the "overseas expansion concept".

Stock trading cannot be without a main theme. Concepts such as H1N1 influenza, restructuring and backdoor listing, South-to-North Water Diversion, and the four trillion yuan investment are all main themes that are being traded in the A-share market or have already been traded.

The role of the main stock market theme is to guide hot money in the market to gather at one point and push up stock prices.

Once the hype surrounding the main theme has materialized, a significant pullback often occurs, and market funds will wait for the next main theme to emerge.

Besides these news items, the public opinion surrounding Haitong Foods continued to ferment over the weekend, which can be roughly divided into three points.

1. Haitong Foods and Yijing Optoelectronics are still negotiating a backdoor listing, and the talks have not fallen apart.

2. More than 7000 million yuan was lost in the Fuchun Road incident.

3. Public funds illegally snapped up shares.

With these three points swirling around, many retail investors are now completely confused, and countless others are eager to jump on the bandwagon.

After the public outcry, Haitong Foods is like a box of fireworks ready to explode in the sky with just a gentle touch.

……

While organizing the news documents, Zhang Yang convened a weekly meeting with senior executives to confirm that Caiyan.com would take a high-end approach.

As for the intelligence company, Xiong Yufeng is still training Chen Chuan, Wang Liu, and others, and using his own resources to poach a mature team.

After finishing his work at the company, Zhang Yang pushed open the door to the finance conference room.

Good morning, Joker.

"Good morning."

Lin Guangchang greeted him warmly, and Zhang Yang responded politely.

Seeing Zhang Yang arrive, Liao Guopei, who was sitting to the side, quickly greeted him and said, "Hey Joker, do you think the guy who jumped off the building has gone in or not? I haven't seen him for days."

"It's not necessary to go in," Zhang Yang replied, sitting down in his seat.

As a speculative investor in Shenzhen, it's normal for him to know a few big names in the industry, so getting someone out of trouble shouldn't be too difficult.

Liao Guopei also thought it was unlikely, but the guy who jumped off the building seemed to have disappeared, and hadn't sent any messages in the group for several days.

"Never mind him. Even if he goes in, good behavior can get him a reduced sentence, and he might be out in a year or two," Zhang Yang said.

"That's true."

Liao Guopei nodded.

At this moment, Lin Guangchang placed a cup of coffee next to Zhang Yang and said, "Brew coffee."

Zhang Yang: "Thank you."

"I watched your live stream yesterday, it was so interesting! If the A-shares really crash today, it will be much easier for us to make money," Lin Guangchang said with a smile.

If the market crashes, hot money will seek safe havens, and a small spark could attract a large influx of funds.

This explains why bull markets often see sharp declines, while bear markets are characterized by numerous speculative stocks.

"The A-share market is constantly changing, and no one can say for sure. I'm just stating the 51% probability. Let's wait for the market to open," Zhang Yang said with a faint smile.

"correct."

He remembered something and said, "Institutional investors are restricted from buying in, so we have to ignite the price increase ourselves."

“I saw the announcement. Tao Yuang, it seems he graduated from Shanghai University of Finance and Economics,” Liao Guopei chimed in.

He couldn't help but sigh, "Going to university is indeed a good thing. It's a stepping stone to social mobility. If used well, it can transform a comfortable life into a life of wealth."

"Is he Joker's senior brother?" Lin Guangchang was somewhat surprised; he hadn't paid much attention to it.

“It’s my senior brother. His 14.33% position won’t cause a sell-off, and we still have 67.46% of the circulating shares in our hands. There won’t be much resistance to pushing the price up.” Zhang Yang didn’t hide anything anymore, after all, they were brothers in the same boat.

At this point, he added, "Once the price hits the daily limit, we'll sell 500 million shares at that price to get more retail investors involved."

To create a stock that can rise to consecutive daily price limits, it's impossible to monopolize the profits; retail investors need to participate to ensure the stock's liquidity.

It's like selling health supplements. Eggs that cost only a few cents wholesale can make elderly people queue up for a whole morning. By paying thousands of dollars for the eggs, you can break even by taking advantage of just one elderly person. However, a health supplement scam can often take advantage of hundreds of elderly people.

"got it."

"clear."

Liao Guopei and Lin Guangchang responded.

As the time reached 9:15, the two major A-share indices began to fluctuate, and a flash of green light pierced the eyes of every retail investor watching the market.

The banking sector experienced a collective correction.

The securities sector experienced a collective correction.

The collapse of the stabilizing force and bull market leader caused a collective decline in sectors such as coal, insurance, non-ferrous metals, automobiles, healthcare, and consumer goods. Looking across the A-share market, almost all sectors were down, with only a very few individual stocks closing in positive territory.

[Fake Boy]: Good heavens! Murder! The A-shares market, fuck you! It's been falling for seven or eight trading days and it's still going to fall! My girlfriend didn't even spend this much money on me! Damn it!!

[I'm from a rural area]: Ever since I started investing in stocks, I don't want to buy clothes, I eat at fast food restaurants, and all I think about is buying more shares. Are there any other stock investors like me?
[Pointing at the big pomelo]: Hahaha, hahaha, let it fall, let it fall, at worst I'll find Red Bull to sponsor backpackless skydiving!
[Believers are not followers]: If you dare to drop, I dare to buy more; I'm going all in, going all in!!!
The decline across the entire sector made Zhang Yang frown; he was a little worried that government funds might intervene to prop up the market.

For those who engage in speculative trading, a decline is often better than a rise, because it allows them to attract funds from the market that are waiting to see what happens.

As 9:20 AM approached, all sectors of the A-share market were still in the red, with the Shanghai Composite Index already down by 1 point, which was extremely exaggerated.

"Will the opening auction drive the price up?"

Liao Guopei inquired.

"We'll intervene gradually, without letting retail investors know it's Fuchun Road manipulating the market," Zhang Yang responded.

"I bought it."

Lin Guangchang said in a deep voice.

Since the vast majority of the chips were controlled by the "Liu Guan Zhang gang" and Tao Yuang, there was almost no selling pressure, and they could easily "draw" the volume chart of the opening auction.

Buyer orders gradually increased, while seller orders remained at around 50 lots, with almost no one willing to sell.

9 points.

The call auction has ended.

Haitong Foods successfully hit the daily limit, currently priced at 4.63 yuan, with a buy order of 6003 lots, worth 277.93 million yuan.

With no sellers, Haitong Foods only traded 78 lots during the opening auction, meaning the buyer only spent 3.6 yuan to push the price to the daily limit.

Retail and institutional investors holding Haitong Foods shares aren't stupid. The current share price is clearly oversold, and they even think that a trading volume of 78 lots is a bit too much and should be halved.

Upon seeing the trading volume, Zhang Yang immediately adjusted the number of shares he was selling, saying, "Selling 100 million shares at the limit up price is enough to avoid causing panic."

Lin Guangchang: "Tsk tsk tsk, 78 moves, that's outrageous. It seems everyone is bullish."

"That's for sure. After eight consecutive limit-up days, all the negative news has been swept away. Retail investors aren't stupid; even selling 76 lots feels a bit too much."

Liao Guopei said with a smile.

When Haitong Foods hit its daily limit, the opening prices of the Shanghai Composite Index were also released, opening at 2994.87, down 1.71%, and the Shenzhen Component Index opened at 12269.49, down 1.84%, with both major indices opening significantly lower.

(End of this chapter)