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

Chapter 209: Capital Liquidation and Stampede, Bear Market Sees Soaring Stocks

[Food-eater]: The market opened nearly two points lower, and sure enough, the bull market in the Chinese stock market has quietly ended. But there's no time to grieve over the end of the bull market; what follows is the cosmic top!

[Babi Ge]: Li Daxiao is a complete liar. Didn't you say it was Qixin Niu? You think I'm the only honest guy who didn't sell it?
[Li Yunlong's Artillery]: Huaxin Securities fell 2.64%, while Guojin Securities, Southwest Securities, and Guangfa Securities all fell by more than 2%. The leading stocks of the bull market have collectively collapsed, and the banks are also unable to rally. This market situation indicates that the A-share market has entered a phase of transition between bull and bear markets!

[Recognize you as godfather]: The Oriental Pearl Tower is 468 meters, the Jin Mao Tower is 421 meters, and the Guangzhou Tower is 454 meters. If they fall any further, I will randomly choose a building to perform a parachute-less skydive. This is a sport that even Red Bull dares not sponsor. I hope the market rescue funds will give me face and pull the index into the green so I can run away.

截止到8月17号9点27分，上证指数距离8月4号的3478点已经跌去了整整484点，深证成指更是蒸发了1674点，两市成交量也在肉眼可见的萎靡。

Faced with this extreme market correction, retail investors were basically left holding the bag at the peak.

Meanwhile, in the office of the chief analyst at Yingda Securities, Li Daxiao's phone kept ringing, as a major client, "Shuipi," called again to inquire.

"Hey Da Xiao, this is Shui Pi. Why is the A-share market still correcting? Where's the bull market? Is the Qixin Bull Market still around?"

Li Daxiao hesitated for a moment before replying, "Boss Shui, Boss Shui, it's me, Daxiao. Don't panic, don't panic, Qi Xinniu is here."

"I can't see it! Where's the ox? Where's the united ox?"

"Don't worry, Mr. Shui, the bull market will come out soon, and the stock market won't keep falling."

"Oh dear, I've invested all my funds."

"Don't panic, don't panic, even if you're fully invested, there's not much room for further correction. Just wait patiently."

"What about the national team? We need to save them."

"Coming right away, the national team is coming right away, don't worry, Shui Zong, hang in there!"

"Alright, alright."

No sooner had Shui Pi hung up than Li Daxiao received another call, this time from panicked clients.

In less than 10 trading days, the index dropped by nearly 500 points; anyone would panic in that situation.

As Li Daxiao answered the phone, the time quietly reached 9:30.

2976 points.

2952 points.

2933 points.

The Shanghai Composite Index was like a floodgate, frantically exploring downwards. At this moment, the busiest people were not only Li Daxiao, but also countless account managers and trading managers of margin trading companies.

……

Hangzhou, Jiangsu and Zhejiang province.

Hongyue Investment Building.

Open-plan office area for trading managers.

"Client number 0642 has reached the liquidation line; sell all of his shares."

"When customer number 1422's margin exceeded 80%, we immediately called his account manager to ask if he wanted to add more margin."

"I'll contact you right away."

"Manager Li, is it true that client 0311 added 50 in margin? Okay, I'll recalculate the liquidation line immediately and send it to you on QQ later."

"Wow, I just got another one. This is my last customer."

"This is the 7th client to have their account liquidated today. If this continues, I'll have no clients left."

"It's exploded! It's exploded again! Customer number 066 has sold all their chips!"

The trading managers were extremely busy, with countless clients facing forced liquidation and margin calls. Some managers even had their last clients forced to liquidate their positions.

In less than 10 trading days, the Shanghai Composite Index experienced a terrifying drop of 500 points. Almost no investor who had used high leverage was spared; all were forced to liquidate their positions and lost everything.

The massive influx of liquidated shares into the market caused by forced liquidations made the already fragile support level even more precarious, leading to another drop in the index.

2917 points.

2903 points.

2899 points.

When the index broke through 2900 points, new stock investors realized for the first time what a stock market crash was and what it meant for a bull market to experience a sharp drop.

They recalled the boastful speech, and the rubber band that had been stretched to its limit, then contracted violently and stretched in different directions.

The A-share market is now completely trapped in a vicious cycle that is difficult to break.

Stockholders panicked and sold off their shares.

Both major indices fell.

Off-exchange leveraged margin call.

Forced selling of existing positions.

The number of available shares in the market has surged.

Insufficient funding to undertake the project.

Both major indices continued to decline.

Investors panicked and sold off their shares.

Off-exchange leverage continues to lead to margin calls.

Under such a vicious cycle, the government's bailout funds will naturally not sit idly by, because if things continue like this, the A-share market could fall to 2700 points, or even 2600 points.

[Stock Anomaly Alert]: Huaguo Bank saw a super buy order, amounting to 1000 million.

[Stock Anomaly Alert]: A super buy order of 1300 million yuan appeared for ICBC.

[Stock Anomaly Alert]: Agricultural Bank of China saw a super buy order, amounting to 900 million.

[Stock Anomaly Alert]: A super buy order of 700 million yuan appeared for China Construction Bank.

The four major banks once again stepped in, and the banking sector was the first to stage a V-shaped rebound. However, experienced investors know that this is the perfect time to sell, because if they don't get out now, the index will really be stuck at 2600 points. Sell orders also increased sharply.

[Stock Anomaly Alert]: Huaguo Bank has seen a massive sell order of 300 million.

[Stock Anomaly Alert]: A super sell order of 500 million yuan appeared in ICBC.

[Stock Anomaly Alert]: Agricultural Bank of China saw a super sell order, amounting to 400 million.

[Stock Anomaly Alert]: China Construction Bank has seen a massive sell order of 200 million yuan.

The collective sell-off by retail investors put immense pressure on the traders at Huijin and China Securities Finance Corporation, prompting them to increase their buying activity.

At this moment, Huijin leader Fan Xichen walked into the open office area and gave instructions in a deep voice: "2900 points is the bottom line. Hold on to 2900 points and stop the index from falling!"

As soon as he finished speaking, the sound of typing on keyboards in the office area suddenly increased significantly, as the national team traders were desperately trying to maintain the index.

The 3000-point mark is extremely important for A-shares, but it was breached at the opening bell this morning, which led to a rapid spread of panic.

Panic selling and margin calls occurred simultaneously, leaving new investors bewildered and some even following suit by liquidating their positions and leaving the market, impacting the buying support.

"We can't just focus on boosting the banking sector; we need to broaden the scope of the rally and support both major indices!"

"Let's pull up both oil and coal."

"The supervisor was pulled in."

"And the real estate sector."

"Hold it up. Hold it up."

"Yes, yes, yes, increase the buying volume."

The traders at Huijin and China Securities Finance Corporation have both started buying into other index-weighted sectors, no longer limiting themselves to banks.

Because the market was falling so drastically, leaders from Huijin and China Securities Finance Corporation even called to request that other market rescue funds be involved.

Even though the national team is trying its best to prop up the index, the cries of investors still echo throughout the Chinese internet.

[Wuwei Erzhi]: Ugh! The index is still falling, it's even broken below 2900, where is the bottom?

[North Wind Blows]: This is outrageous, so damn outrageous! It's outrageous that they're opening the door for their mothers, outrageous that their mothers are already home, and 2900 points is still not the bottom.

[Big Ben]: Fuck it, who told me that anything below 3000 points was gold and I should buy more to make money? Everything below that is shit!!
[Clumsy]: 3000 points is the boom-bust line for A-shares. If you add to your positions below 3000 points, be careful as the market may fall back to 1600 points.

[Daredevil retail investor]: I'm done playing! I borrowed 30 yuan to invest in the stock market, made about 20 yuan in the first three months, and now I've lost it all back. The A-share market is truly a garbage market.

At this moment, the A-share market is experiencing a true and complete collapse.

A drop of 100 points is insignificant.

A drop of 300 points indicates a period of adjustment.

A drop of 500 points signals the emergence of panic.

This recent drop of 600 points has amplified panic, leading to a massive exodus of credit funds.

Seeing this, Li Daxiao seemed to have been brainwashed, muttering to himself, "Foreign capital hasn't entered yet, it's impossible for it to drop so sharply. It must be a fake drop during a market correction, it must be a fake drop."

Due to the impact of the subprime mortgage crisis, China has been very cautious in its attitude towards foreign investment, and its financial control has been mainly focused on foreign capital, for fear of being caught with a financial nuclear bomb.

In 2009, there were no restrictions on foreign investment in B shares, but if one wanted to invest in A shares, there were only three channels openly available.

1. Qualified Foreign Institutional Investor (QFII) scheme.

This was the core channel for foreign investment to enter the A-share market in 2009, achieving limited opening through the approval system of the China Securities Regulatory Commission.

Currently, there are approximately 70 approved QFII institutions in China, with a total quota exceeding US$300 billion. Typical examples include UBS and Deutsche Bank purchasing blue-chip stocks such as Baosteel and ZTE through QFII.

2. Private placement to strategic investors.

According to the "Measures for the Administration of Strategic Investments in Listed Companies by Foreign Investors" in 2005, foreign investors can become strategic investors through private placements, which is an important way for foreign investors to enter the A-share market through equity cooperation.

3. Cross-border mergers and acquisitions.

The drawback of acquiring shares in listed companies, such as existing shares after the share-ownership reform, is the complex approval process.

All three methods have certain limitations. Even through QFII institutions, the purchase quota is limited and subject to regulation.

However, there is another channel through which foreign capital can flow in quietly: by having underground banks hold shares on its behalf.

Many underground banks offer not only currency exchange services to Chinese citizens, but also stock holding services on behalf of foreign investors.

For example, if an American investor wants to buy Yangtze Power, he can sign a purchase agreement with an underground money lender to realize investment through a fourth channel.

Li Daxiao believes that the rapid decline in stock prices will lead to a massive influx of foreign capital. The authorities must be aware of this. If foreign capital snaps up the low-priced shares, wouldn't that result in a huge loss?

That's why he thinks this round of decline has bottomed out!

……

And on the other side.

Financial Research Network office space.

Zhang Yang, Liao Guopei, and Lin Guangchang all witnessed the sharp drop in A-shares, a massive pullback that exceeded their expectations.

"Is the Shanghai Composite Index heading towards 2800 points? If it drops 600 points in eight or nine trading days, will retail investors still dare to play the A-share market?"

"This correction is terrifying."

Liao Guopei and Lin Guangchang couldn't help but sigh.

Fortunately, they were the ones who manipulated the market and didn't invest in other stocks; otherwise, they would be crying out in despair right now.

"The market funds have clearly been scrambled. If I'm not mistaken, the trigger was the forced liquidation of off-exchange margin trading. Otherwise, it wouldn't have been possible for the market to drop by 4.82%, especially since the national team intervened," Zhang Yang analyzed the decline.

"And with the listing of Everbright Securities tomorrow, another 10 billion yuan of funds will be locked up in the market."

Liao Guopei continued.

Everbright Securities' IPO fundraising has been completed, raising a total of 109.616 billion yuan, issuing 5.2 million shares at an issue price of 21.08 yuan.

Since Guilin Sanjin, Wanma Cable, and even a giant like Huaguo Construction did not experience a price drop below their IPO price, market funds are no longer so resistant to the resumption of IPOs; on the contrary, they are somewhat looking forward to it.

Why look forward to it?
If you have milk, you are a mother.

If you successfully subscribe to an IPO once and it doesn't fall below the issue price, the return rate is at least 30%, and can even reach more than 100%. Who can resist such a temptation?

Questioning the IPO.

Approval of IPO.

Obsessed with IPOs.

This is the process of a stock market investor's transformation.

However, the IPO of Everbright Securities drained billions of yuan of liquidity from the market in one go, which was undoubtedly adding insult to injury for the A-share market.

Upon hearing this, Lin Guangchang exclaimed in surprise, "It's not really going to go back to 1600 points, is it?"

"It's not that bad. I expect it to bottom out at 2500 or 2400. Retail investors are already panicking. A little more selling can reverse the trend."

Zhang Yang predicted.

The government will not allow the stock market to collapse. If it falls too much, it will naturally increase its efforts to rescue the market. Moreover, the A-share market is a financing market, and companies that want to develop rapidly will inevitably have to raise funds in the secondary market.

Just as he finished speaking, he reminded them again: "Don't forget to sell. Today's goal is to sell 100 million shares of Haitong Foods to retail investors."

"It's being released."

"I won't forget, don't worry."

Liao Guopei and Lin Guangchang assured them.

They currently hold 1.02 million shares of Haitong Foods at an average price of 4.46 yuan, and have 3056 million yuan in available funds.

If 100 million shares are sold, based on the limit-up price of 4.63 yuan, that would amount to 463 million yuan, and the available funds would reach 3519 million yuan.

The three maintained a certain frequency, dropping 100 million shares to retail investors so that they could also participate in driving up the price.

As Haitong Foods was one of the few stocks that hit its daily limit during the stock market crash, it attracted a lot of attention from retail investors.

The number of orders placed is also constantly increasing.

12 lots. 13 lots.

15 lots.

The more the market falls, the more funds tend to cluster together and create speculative bubbles.

Zhang Yang, Liao Guopei, and Lin Guangchang, who caught the "bonus period," did not rush, but instead sold off their shares according to their pre-arranged plan.

……

3 pm.

The two major A-share indices closed.

Although the national team intervened to support the market in the morning, it was still "sneaked in" at the end of the day. The Shanghai Composite Index closed at 2870.63, down 5.79%, with a trading volume of 1375 billion yuan. The Shenzhen Component Index closed at 11668.8, down 6.65%, with a trading volume of 681 billion yuan.

Such a huge drop has completely trapped retail investors, and a large number of self-media accounts have not remained silent, but have jumped out to gain traffic.

A-shares plunge 5%! Both major indices break through 2900 points, leaving countless retail investors trapped at the peak. For help getting out of these losses, please message the editor to receive a special "loss recovery package"—don't miss this opportunity!

Unbelievable Plunge! Joker's "Universal Top" Prediction Comes True: How Can Retail Investors Save Themselves in a Downtrend? Follow me for thirteen tips on getting out of trouble tonight!

Is it moral decay or the distortion of human nature? The Shanghai Composite Index has fallen by over 600 points in nine trading days. Is 1600 points truly beckoning to Chinese stock market investors?!

With the constant amplification by social media, panic continues to spread. Many stock investors who are too busy to monitor the market at work become dejected and appear to have aged ten years as soon as they hear that the A-share market has broken through 2900 points.

Li Daxiao, who has always raised cattle, has also stopped updating his Weibo account, and a large number of his "Xiao students" have turned to Zhang Yang like weather vanes.

[This Life Must Be Done Li Daxiao]: Joker, I was wrong. I'm a die-hard fan of yours now. What should I do tomorrow?

[Beat up zombie brains]: Could Joker help me take a look at Huaxin Securities stock? I bought it at 38, and now it's down to 31, which is a loss of 18.42%. How can I get out of this situation? Also, should I reduce my holdings?

[Takoyaki]: I'm a beauty, everyone calls me Little Liu Yifei. I've lost 24 yuan in the stock market. If you, Joker, can help me recover my losses, I'll do anything you ask.

[Xiao is very charming]: I've abandoned darkness and embraced light. Li Daxiao is a fraud. Joker is the real god for us retail investors!

The number of posts on Joker's investment channel increased rapidly. When Zhang Yang saw this, he did not choose to ignore it, but instead posted another thread.

[The 5-day moving average has broken through the 60-day moving average, the death cross continues, the MACD lines are diverging further, and selling pressure remains strong, clearly indicating a rapid decline. The next support level to watch is the 120-day moving average. If there are at least four days of sideways movement, the bottom may have been reached. Observe more and act less, and avoid following the crowd.]
The post was immediately viewed by tens of thousands of people.

Not a moment.

Numerous users responded to the post.

[Xiaojingbao]: I understand now, Joker. You should buy when the bottom trend is obvious, not when it is in a downtrend.

[Aspiring to be a big winner]: After reading Joker's post, I was originally planning to buy the dip tomorrow, but now it seems I can't rush it. The more rushed I am, the more likely I am to make a mistake.

[Tonight's Trading Strategy]: Buy during sideways movement, buy during sideways movement, buy during sideways movement. I'm saying it three times because it's important. I need to control myself, or I'll lose another hundred thousand.

As Zhang Yang's post received a large number of replies, it quickly became a hot topic on the channel and was forwarded by stock market investors to various QQ groups.

Upon seeing Zhang Yang's views, Ma Xinqi, who was far away at Zexi Private Equity, immediately shared them with Sun Guodong, Xu Xiang, and other speculative investors from the Ningbo Daredevil Team.

"To be honest, Zhang Yang is quite skilled. When the market is consolidating, he knows how to find the bottom area," Ma Xinqi said.

Why buy when the price is consolidating?

Sideways consolidation is a signal that the decline has stopped.

To determine whether a downtrend has ended, you cannot just look at one or two trading days; you need to consider four or five trading days, or even one or two weeks, to make a judgment.

The appearance of a sideways movement indicates a balance between the forces of buyers and sellers.

Upon hearing this, Sun Guodong chuckled and joked, "It's a pity Zhang Yang isn't into stock trading; he might have become a top-tier speculative investor."

"I really don't understand what's so good about running a business. You can't make much money in a year. You might as well just be a speculative investor," Shu Yimin chimed in.

"We can't say that. We need to look at the long term. Especially now that everything is about the Internet, Caiyan.com might become a big company like Alibaba or Tencent in the future."

Xu Haiou retorted to the two.

As the "social butterfly" of the Ningbo limit-up daredevil team, he is extremely well-informed, and some time ago he heard from a big brother that the higher-ups intend to combine securities with the Internet.

What is the concept?
Existing financial websites are about to take off!
“Indeed.” Xu Xiang thought of the live broadcast clips from yesterday’s Lujiazui Exchange Forum and sighed, “A person with a proper academic background, I really don’t know how many resources he has in his hands.”

Making money through full-time stock trading is fast, but it has high limitations; making money through running a business is slower, but it allows for long-term development.

If he had the talent for Chinese, math, and English, he would have liked to go to university and get to know more senior figures in the financial industry.

……

The next day, February 8th.

Li Daxiao hasn't updated his Weibo for almost 18 hours, but countless stock market investors have been relentlessly criticizing him for those 18 hours.

A drop of 600 points in nine trading days has completely dethroned him.

As 9:15 AM approached, the A-share market turned green again.

Countless retail investors felt a chill in their hearts, and with the media fueling the fire last night, the silence of panic that had been building up resurfaced.

Unlike other stocks that are in dire straits, Everbright Securities, which just went public, did not fall below its issue price but instead offered a premium for successful IPO subscriptions.

Its issue price was 21.08 yuan, and it opened at 30 yuan, with an increase of 42.32%. This means that if you invest 100 million yuan, you have already earned 42.32 yuan.

Of course, Everbright Securities is not like China Construction, a behemoth that aims to raise over 400 billion yuan. Its 100 billion yuan fundraising amount adopts a lottery-based subscription system, with an average winning rate of 0.74%, which is very high.

Seeing the Shanghai Composite Index open lower again at 2845.34 points, investors who chose to save their money for IPO subscriptions laughed out loud.

[Beimingyouyu]: Hahaha, you guys don't know how to take profits. The index dropped from 3478 points to 2845 points. Even trading chickens wasn't this bad.

[Yangtou Menzi]: It's still better to subscribe to new shares. If you throw in 100 million and get 2 shares, you can make 8.9 per share, haha.

[Wanderer's Clothes]: I don't know why, but I feel good watching other retail investors lose money. I feel like they're so stupid.

[Taxi is swaying]: Once they've cut their losses enough, I'll go all in and buy at the bottom, picking up the blood-stained chips, hahaha!

The reason why stock market investors are called retail investors is because each person is fighting alone and there is no possibility of unity.

While the overall market remained in the red, dozens of individual stocks were in the green. Without exception, they were all deeply controlled by speculative funds or major investors, including Haitong Foods.

Haitong Foods continued its upward trend, achieving three consecutive limit-up days, and is currently trading at 5.09 yuan.

Zhang Yang, along with Liao Guopei and Lin Guangchang, continued to sell 200 million shares to retail investors, realizing 1018 million shares, bringing their available funds to 4537 million shares.

At this time, they still held 9900 million shares of Haitong Foods, with an average holding price of 4.46 yuan.

Many people may not understand why some shares should be sold to retail investors, even if it's just to maintain the turnover rate. Why can't they just trade between their own securities accounts?

1. Indeed, it is to maintain the turnover rate.

If a stock continues to rise but the turnover rate is only a fraction of a percent, it means that the shares are highly concentrated and the stock is waiting to be sold to retail investors at the highest point.

Are retail investors really that stupid?
Have!
But there aren't many!

A small number of retail investors might take the plunge, but experienced investors usually cut their losses on such speculative stocks and look for other targets.

2. Eating alone makes you more likely to be investigated.

Putting aside whether securities accounts can successfully engage in wash trading, the China Securities Regulatory Commission (CSRC) and stock exchanges are not to be underestimated in their oversight.

People might not investigate if thousands or tens of thousands of accounts are involved in driving up the price, but if dozens or hundreds of securities accounts are involved in driving up the price to the daily limit, people will definitely investigate them thoroughly.

Giving some of the shares to retail investors can ensure turnover and, to some extent, circumvent regulatory crackdowns. Why not do it?
……

Over the next three days, while Zhang Yang, Liao Guopei, and Lin Guangchang pushed the stock to its daily limit, they continuously sold off their shares to retail investors.

On August 19th, 4 million shares were sold, leaving 95 million shares. The selling price was 5.6 yuan, realizing 22.4 million yuan. The available funds reached 6777 million yuan. The price increase had no cost expenditure and was entirely driven by retail investors' emotional buying.

The A-share market plunged again that day, with the Shanghai Composite Index touching 2760 points, a drop of 4.3%. The points that had been recovered on August 18, which was yesterday afternoon, were completely wiped out.

On August 20th, 8 million shares were sold, leaving 500 million shares. The selling price was 6.16 yuan, realizing 9000 million yuan. The available funds were close to 3080 million yuan, reaching 9857 million yuan. There was still no cost to push up the price. Retail investors' sentiment was completely mobilized, and the stock opened at the daily limit.

On this day, A-shares saw a significant surge, with the Shanghai Composite Index rising from 2760 points to 2900 points, an increase of 4.52%. However, the trading volume was only 1200 billion yuan, far less than the previous few trading days.

Generally speaking, to release the trapped investors above, there must be volume, so many people think that it is impossible for the price to rise again on August 21.

But the A-share market is often irrational.

8月21号依旧大涨1.69%，收在了2960.77点，仅差一步之遥就可以重回3000点。

On the same day, Zhang Yang, Liao Guopei, and Lin Guangchang collectively put on a show for retail investors.

What kind of play is it?

A dramatic scene unfolded at Fuchun Road, where prices were dumped!
1200 million shares of Haitong Foods were sold at 9:24:50.

Perhaps due to strong buying support, the stock was not halted from trading and instead opened at 6.49 yuan, a 5.36% increase, with a total profit of 7788 million yuan.

截止到8月21号收盘，“刘关张团伙”手里还有7800万股海通食品，5个交易日狂甩2400万股，可用资金回到了1.76亿。

With the release of the stock exchange's daily trading data, "Jiangzhe Huaxin Securities Fuchun Road Branch" appeared prominently on the top seller list, with a transaction amount of 7788 million yuan.

All of a sudden.

Retail investors collectively reached a fever pitch.

[Watch Home]: 92450, as expected, that beast from Fuchun Road is finally gone! Rejoice, hahaha!

[A Leaf in the Jianghu]: We failed to smash Haitong Foods on Fuchun Road, but we'll keep playing music and dancing next week, hahaha!
[Little Fist Meow]: That despicable beast Fuchun Road! Even before leaving, he didn't forget to disgust us. What a beast!
[Who is Superman]: Damn it, Fuchun Road, all the chips have been cleared out this time, brothers, let's keep the upward trend going!!

The rumors surrounding Haitong Foods' backdoor listing have been circulating for the past few days, with many media outlets predicting that Yijing Optoelectronics will successfully go public this year.

However, due to the existence of "Fuchun Road", some cautious funds dare not get involved at all.

With nearly 8000 million shares now sold off on "Fuchun Road," many investors speculate that the smallest speculative funds have already liquidated their positions.

However, what the retail investors didn't know was that their comments were being read by Zhang Yang, Liao Guopei, and Lin Guangchang.

Will Yijing Optoelectronics really be able to go public this year?

No one knows.

The reason why the online public opinion fermented was because Liao Guopei spent 50 yuan to buy hundreds of self-media outlets to create momentum.

Many individual investors like to trade stocks based on news, but what they don't know is that these seemingly true or false articles are deliberately released by someone.

While it's possible there were indeed leaked articles, most of them are fake.

"Haha." Lin Guangchang couldn't help but laugh as he looked at the comments from retail investors. "I feel like the Oscars owe us an award. Retail investors have finally taken the bait, haha."

"If they take the bait, things will be easy. The only problem is that they won't fall for it, hahaha."

Liao Guopei smiled as well.

Speculative investors aren't afraid of retail investors getting a share of the profits; they're not afraid that retail investors won't come to take over their positions.

If retail investors don't take the bait, who will buy the shares at high prices?
"By the way, Joker, will you continue to offer chips to retail investors next week?" Liao Guopei asked.

“No, we’re not going to sell. There’s already enough stock available outside, there’s no need to sell any more.” Zhang Yang shook his head and said, “We’ve had six consecutive limit-up days, and we only have one more before we have to go through a tough period. As long as the regulators don’t intervene, we can keep pushing the price up.”

Last week, Haitong Foods had already issued an "Announcement on Serious Abnormalities in Stock Price Trading," and it's unlikely that the content would have changed in just seven or eight days.

Zhang Yang's only concern is the China Securities Regulatory Commission's iron fist, which is why he has been dumping shares on retail investors these past few days. Stocks that rise together are not considered to be disrupting the market.

"Haha, okay, if I didn't want to secure the profits, I would really like to compete with the Grand Master, God A, Alliance Leader Zhang, professional speculators, and the Shenzhen Gang to see who has more votes."

Liao Guopei said with a smile.

Bull markets often see sharp declines, while bear markets are rife with speculative stocks. The recent rapid decline has already given rise to several such "monster stocks."

1 is Haitong Foods.

Zhang Yang, Liao Guopei, and Lin Guangchang are in control of the stock, which is currently on a six-day winning streak.

2 refers to Rainbow Optoelectronics and Laibao Hi-Tech.

Driven by the "Ningbo Daredevils" team, including Xu Xiang, Sun Guodong, and Ma Xinqi, along with private equity funds from Zexi, all stocks are currently on a seven-day winning streak.

3 refers to companies such as ST Dongjing, ST Yushun, and ST Yinjiang.

The controlling shareholders are Asking Qiu Baoyu and Minfu Hot Money, who are speculating on the expectation of ST stock removal and backdoor listing. Currently, there are stocks with four to eight consecutive limit-up days.

4 are companies such as Anke Biotechnology, Innovation Medical, and Jiaying Pharmaceutical.

Led by Zhang Jianping, with professional speculators following suit and a host of small and medium-sized investors contributing, most of the medical concept stocks have now achieved six consecutive daily limit-ups or more.

Besides, the Shenzhen gang and the Shandong gang are each carving out their own territory, each keeping to themselves and promoting their own concept stocks.

When Lin Guangchang heard Liao Guopei wanting to compete with other speculative investors, he said, "The most important thing is to secure profits. Empty fame is useless. Let's get the funds to over 10 billion before we talk about anything else."

10 billion is a threshold. If you have more than 10 billion in funds, you can easily handle small-cap stocks.

For example, with Haitong Foods, if Zhang Yang, Liao Guopei, and Lin Guangchang had 10 billion yuan in funds, they wouldn't need Tao Yuang, a public fund manager, to get involved; they could handle it themselves.

"Yangjia is right. It's best to secure the money and make a fortune discreetly. Besides, once this job is done, we have an even more important one to do."

Zhang Yang smiled faintly.

"What ticket?"

Which ticket?

Liao Guopei and Lin Guangchang asked at the same time.

"It's a secret for now, the peaches should be ripe soon," Zhang Yang said, keeping everyone in suspense.

To become the Demon King of 2009, one must first possess value and potential for imagination.

What are you trading in stocks?
Space for imagination.

This is like a "back view killer"—before you see her face, she's like a celestial being, comparable to Liu Yifei. This is similar to the imagination in stock trading.

Seeing that Zhang Yang was keeping him in suspense, Liao Guopei didn't ask any further questions. He stood up and said, "See you next week. I've arranged to meet Cuddington tonight for a long chat about life."

"They changed people again?"

Lin Guangchang became interested.

Liao Guopei suddenly smiled and joked to himself, "There's nothing I can do, I'm too amazing. I can't stand having the same female companion for a long time. One Japanese girl even gave me a nickname, something like 'Taro Nono'."

(End of this chapter)