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

Chapter 216 The Weekly Rally of Speculative Stocks Continues, Chongqing Beer and Oranges Turn Red
Beijing, China.

Inside a military family compound.

Chen Xiaoqun looked as if she hadn't slept for two or three days; her dark circles were terrifyingly deep.

After quickly filling his stomach, he put down his chopsticks, glanced at his parents, and said, "Mom and Dad, I'm full."

"Why are you eating so little?" Zheng Xiaoyue wanted to say something more, but Chen Xiaoqun had already stood up and said absentmindedly, "I haven't had much of an appetite these past two days. I'm going back to my room now."

After saying that, he turned and left, returning to his bedroom.

Seeing Chen Xiaoqun's disordered schedule and exhaustion, Zheng Xiaoyue looked at Chen Bangde and said, "Honey, you have to do something about this. Our child hasn't gotten addicted to games, but it seems like he's gotten addicted to stocks. He's always distracted and stays up late into the night."

"Stock trading shouldn't be addictive, right?" Chen Bangde calmly took a sip of rice porridge. In his opinion, even if he became addicted to stocks, it would be better than being addicted to the internet. At least he could learn courage from stock trading.

He added immediately after saying that, "His school starts tomorrow. Once he starts classes, he probably won't have the energy to trade stocks anymore, so don't worry."

Hearing this, Zheng Xiaoyue watched Chen Xiaoqun's departing figure and muttered to herself, "I'm afraid he'll focus his energy on stock trading instead of studying."

Originally, they wanted to cultivate Chen Xiaoqun's investment skills through the stock market, and also help him understand the operating rules of the macroeconomy so that he could better manage the family assets in the future.

did not expect.

Chen Xiaoqun actually became obsessed with it.

However, what Chen's parents didn't know was that Chen Xiaoqun wasn't staying up late to trade or research stocks, but to watch horror movies to toughen up.

He watched all the classic horror movies this weekend, including "The Village Corpse," "Ju-on," "One Missed Call," "Dead Silence," "Shutter," and "The Shining."

At first, Zheng Minghui was persuaded to accompany him to watch, but he couldn't take it anymore after watching only half of "The Village Corpse" and almost peed his pants from fright.

He thought Chen Xiaoqun had learned some profound knowledge from Zhang Yang, but it turned out to be a wicked skill—training emotional control by watching horror movies. This was the first time he had ever heard of such a thing.

After Zheng Minghui "deserted himself at the last minute," only Chen Xiaoqun was left to watch.

In pursuit of the ultimate atmosphere, he would watch it alone at night, to the point that he always felt something under his bed late at night.

Fortunately, it's all over now; the days of "suffering" are over.

Back in his room, Chen Xiaoqun quickly turned on his computer and started organizing his securities account. His current holdings were…

Rainbow Co., Ltd., holding 4700 shares, with an average holding price of 6.23 yuan. The current share price is 8.01 yuan, with a profit of 8366 yuan and a total holding value of 37647 yuan.

Haitong Foods: Holding 1300 shares at an average holding price of 7.26 yuan. The current share price is 9.64 yuan, resulting in a profit of 3094 yuan and a total holding value of 12532 yuan.

His total investment was close to 4 yuan, and the current total market value of the two stocks is 50179 yuan, with an overall return of 25.45%.

"A 25.45% return is still a long way from the 200% return set by the great Joker. I need to work harder."

Chen Xiaoqun muttered to herself.

He genuinely wanted to become Zhang Yang's apprentice and then become a "big pomelo".

As Chen Xiaoqun was organizing his securities account, the time quietly reached 9:15, and the two major indices began to fluctuate.

Perhaps due to the spread of the article "Month of Speculative Stocks? Whose Carnival Feast?", many stocks that performed well last week experienced a "limit-up collapse".

Haitong Foods failed to continue its upward trend and is currently trading at 10.35 yuan, up 7.33%.

The ST stocks that Asiking Qiu Baoyu hyped up suffered a complete wipeout, with most opening at the daily limit down, seemingly indicating he was about to cash out and run away.

Led by Zhang Jianping, other speculative funds followed suit in the medical sector. Although the stocks did not hit the daily limit down, their gains were very small, generally between 1% and 3%, and they could easily collapse.

Rainbow Optoelectronics and Laibao Hi-Tech, both companies spearheaded by Xu Xiang, saw their stock prices hit the daily limit.

Small and mid-cap stocks controlled by speculative capital from the Shandong and Shenzhen markets all hit their daily limit, especially those related to electronic components, which have seen terrifying gains of more than ten consecutive daily limit increases.

Chen Xiaoqun was not in a hurry. He knew very well that 9:15 to 9:20 was a deceptive time, specifically designed to shake out weak hands.

why would you say so?

The reason is that during the five minutes from 9:15 to 5:20, various funds can cancel and place orders at will, engaging in psychological games with retail investors.

According to the trading rules of price priority and time priority, if retail investors waver, they will definitely rush to place orders, because the earlier the order is placed, the more likely they are to "escape".

This is why, after rumors of a stock's impending collapse circulate, some retail investors place overnight orders at midnight; otherwise, they risk being trapped in a stock that could experience more than ten consecutive limit-down days.

Just as Chen Xiaoqun had predicted, when the time came to 9:20, all the speculative stocks that had performed well last week saw a significant increase, with even Haitong Foods hitting its daily limit.

All of a sudden.

Retail investors were dumbfounded.

[A vague memory]: Are speculative funds and institutional investors really this arrogant now? Ignoring the warnings from the Securities Times, they're just using a feint to push the price to the daily limit?

[霸天龙少]: Damn it, I've been liquidated, and now I can't even cancel my order. Those damn speculative funds!
[Wang Bu Liu Xing]: The speculative stock rally continues this week, keep holding and keep the fun going, brothers, grab a sack and start raking in the money!

[She said wearing it doesn't count as giving]: Even if I get fined, it'll only be 50 at most. Speculative funds can make hundreds of thousands or even tens of millions with a single limit-up move. What's there to be afraid of? Anyway, I'm not planning to leave. I'm just waiting for the year's hottest stock!

As retail investors have pointed out, because the China Securities Regulatory Commission's punishment in 2009 was a "slap on the wrist" type of penalty, many speculative funds and institutions would weigh the pros and cons and make the best choice.

Imagine, a single order could be worth tens of millions, and even if you get stopped, you'd be fined 50, up to a maximum of 100 million. Who wouldn't want to take the gamble?
Moreover, the A-share market has once again experienced a sharp decline, with almost all heavyweight stocks suffering losses, and no one knows what happened.

……

And at the same time.

the other side.

Financial Research Network office space.

After witnessing the collapse of heavyweight stocks, Zhang Yang immediately reminded investors to be aware of the risks, based on available information.

The Shanghai Composite Index is approaching the 120-day moving average support level, which is a key level for determining whether a market is bullish or bearish. It warrants close attention. Additionally, a major IPO is scheduled for today: Huaguo Zhongzhi has released its prospectus, announcing the issuance of 35 billion shares at 5.42 yuan per share, raising 189.7 billion yuan for projects including the National Steel Structure Engineering Technology Research Center Innovation Base, resource development, engineering contracting business expansion, technology research and equipment upgrades, and working capital replenishment.

In August, a total of 10 new stocks were listed or released their prospectuses, including 2 on the main board and 8 on the SME board, raising a total of over 300 billion yuan. Special attention should be paid to the structural decline caused by a market liquidity crisis.
Who would have thought that in "Black August," the number of companies going public or about to go public reached an astonishing 10.

The two main board stocks, Everbright Securities and Huaguo Zhongzhi alone, will draw 299.3 billion yuan of liquidity from the secondary market.

It's important to understand that this is liquid capital, not inflated trading volume!

With a market turnover of only 200 billion yuan, another 189.7 billion yuan of liquidity will be withdrawn. If Zhang Yang were a foreign investor, he would also have to liquidate his positions and wait and see. The IPO is really too ruthless in "draining blood" from the market.

After reading Zhang Yang's post, many retail investors suddenly realized what was going on.

[Lonely Wolf]: In August, I was only focused on watching Li Daxiao raise cattle and Joker saying that the market had peaked, and the number of IPOs actually reached 10?
[Ultraman contestant]: No, with a market trading volume of 200 billion, and an average of one new stock listing every three days, how can it not fall?

[Silly Little Pig]: No wonder they say foreign capital is smart money. With a market turnover of 2000 billion and IPO fundraising of 189 billion, anyone who doesn't run is a fool. I'll clear out my positions and wait and see.

[Love is just one word]: It's still better to buy speculative stocks. It's so great when funds are clustered together. Let other stocks fall. I'll buy them at the bottom when they've fallen enough.

The blatant warning post went viral online, and many retail investors suddenly realized the reason for the decline.

Starting in July, Zhang Yang, Yang Delong, and some securities analysts from public funds began to warn of a liquidity crisis. Even top managers from public funds, such as Wang Yawei, have taken concrete actions to support their judgments.

They never expected that the higher-ups would prepare a whole table of dumplings just for a dish of vinegar, and that the vinegar wasn't Guilin Sanjin, but Huaguo Construction, which was about to be listed at the end of the month.

In fact, upon closer examination, there are only two reasons for the decline in the A-share market.

1. There is a financial bubble. In order to curb the rapid expansion of the bubble, the regulators have driven down the index by selling off heavyweight sectors such as banking, oil, coal and electricity, and at the same time sold off the holdings of the CSI 300 ETF. This can achieve the effect of a double decline in the index and individual stocks.

2. There is a shortage of funds in the market. To drive up the index and individual stocks, real money must be put into trading. If there is no money in the market, it means there is no support. Once funds want to cash out, but there is no one to take them, the stock price will naturally collapse, causing the index to fall as well.

As for speculative funds, institutional investors, and foreign capital, they can at most manipulate the trend of individual stocks, but their impact on the overall market index is not significant.

Of course, it's not that these funds can't influence the overall market, but rather that they all know their limits and dare not easily step into dangerous territory.

Manipulating the overall market index and manipulating individual stock trends are two different concepts; the former is generally a scenario that only occurs in financial warfare.

In cases like the 97 Hong Kong financial crisis, Wall Street giants were fully capable of controlling the market.

……

As 9:25 AM arrived, the pre-market auction phase quietly ended.

The Shanghai Composite Index opened lower and is currently at 2817.63 points, down 1.53%. The Shenzhen Component Index opened at 11297.46 points, down 1.33%, also opening lower.

It's clear from the decline that index-weighted stocks are still leading the fall, while small and mid-cap stocks are the most resilient.

Liao Guopei first glanced at the market, which had experienced a deep correction, and then switched back to Haitong Foods, which had hit its daily limit, saying, "The influx of funds has given us the opportunity to reduce our holdings."

How much weight should I lose today?

Lin Guangchang looked at Zhang Yang.

In the "Liu, Guan, and Zhang gang," Zhang Yang was the absolute leader, and his decisions had repeatedly brought huge profits to the gang.

"Let me consider."

Zhang Yang didn't rush to answer. Instead, he switched to other speculative stocks to check the buying situation. When he saw that the stocks controlled by major speculative funds such as Xu Xiang, Zhang Jianping, Qiu Baoyu, and Wang Tao were still at the daily limit, he breathed a slight sigh of relief.

In the stock market, there is no such thing as "the law does not punish the masses," but in the case of a collective surge to the daily limit, one should not be made a scapegoat or a typical case.

Switching back to Haitong Foods' intraday chart, the buy order volume was 112,000 lots at a price of 10.6 yuan, with a value of 1.1872 million yuan.

Buy 2 is 6.2 lots, Buy 3 is 5.1 lots, Buy 4 is 3.6 lots. The lower the price goes, the fewer the number of orders are placed. This is because retail investors believe that only by hitting the limit up price can they enter the market.

The total funding received by the top ten companies is approximately 3.5 million Chinese yuan.

After understanding this data, Zhang Yang made a decisive decision: "First, sell half of the chips to ensure that we can recover our principal smoothly, and then spend four days to sell the remaining chips."

"So, we're going to have to clear out the inventory in a week?" Lin Guangchang pressed.

Liao Guopei: "Isn't it too risky to stretch the timeline so far?"

"Currently, Haitong Foods has strong support, enough to sell half of its shares. The extended timeframe is to gradually distribute the shares, and we can create a second wave trend to re-establish support, eventually leading to a double-top trend and a downward sell-off!"

Zhang Yang's idea is simple: sell heavily today to let the existing shares gamble. If the stock opens lower or hits the daily limit down tomorrow, they can accumulate shares at the bottom and create a second wave trend, then dump the shares to retail investors during the upward movement.

The second wave trend is very dangerous because it is highly likely to be a double top trend, and the two cannot be distinguished during the upward movement.

"I understand. If it's a double top trend, then retail investors will be stuck at the top again."

Lin Guangchang smiled.

"Using the upward wave of a double-top trend to sell off is a pretty ruthless move. If no other funds intervene, retail investors who chased the high will be trapped for at least two or three years," Liao Guopei chimed in.

"It won't take more than two or three years. As long as they can endure the loneliness, they can get out of trouble once Yijing Optoelectronics successfully completes its backdoor listing."

Zhang Yang smiled faintly.

"It has to be Fuchun Road again. They've thought of everything for retail investors, from trapping them to getting out of their predicament. Hahaha!" Liao Guopei laughed out loud.

"Hahaha."

Lin Guangchang also laughed out loud, and couldn't help but tease, "Once we've trapped someone, we'll sell them the 'get-out-of-the-trap secrets' for 288 yuan, and keep reaping the profits!"

"You guys are even better at cutting than I am."

Zhang Yang laughed.

How to get out of a losing position in Haitong Foods for 288 yuan?
Is he that kind of person?
But then again, this business is actually viable. 288 yuan is neither too much nor too little, and retail investors who are stuck with losses should be able to come up with the money.

“I’ll take a look at it later,” Zhang Yang suddenly added.

"???"

"???"

Liao Guopei and Lin Guangchang looked completely bewildered.

Immediately afterward, Lin Guangchang looked astonished and exclaimed, "You really want to cut your losses from both sides?"

"That's outrageous! Fuchun Road!!"

Liao Guopei emphasized his words, feeling as if he had been hit by a thousand blows.

He never imagined he could have it both ways, but theoretically, Zhang Yang really could, given his status as the "Joker God".

Seeing the two men's shocked expressions, Zhang Yang smiled faintly and said, "What's that saying again? 'The rich help the poor.' Once I get rich, I'll definitely help my fellow retail investors get rich too."

Liao Guopei: "I don't believe you!"

Lin Guangchang: "Damn Fuchun Road, you actually pulled off a series of tricks! If I were a retail investor, I would have eaten you alive!"

"Stop fooling around, get ready to ship the goods."

Zhang Yang smiled faintly.

He just said it casually and hadn't figured out how to implement it yet.

From both a theoretical and practical perspective, helping retail investors recover their losses is definitely feasible, and it might even become a new popular feature on Caiyan.com.

……

9 points.

A-shares have entered the continuous bidding phase.

Zhang Yang, Liao Guopei, and Lin Guangchang did not hesitate and began to split their orders and reduce their positions. At the same time, they re-placed the cashed-out amount as limit-up orders, which created the illusion of strong buying power.

8 million.

10 million.

5. 17.

The three traders maintained a consistent pace of sales, trading 500 to 3000 lots per minute.

By repeatedly canceling and placing orders, and refreshing the order priority, many retail investors successfully bought Haitong Foods shares, hoping for a price increase.

Furthermore, because Zhang Yang, Liao Guopei, and Lin Guangchang placed new limit-up orders with their cash-out funds, the number of buy orders for Haitong Foods not only did not decrease, but also surged to 200,000 lots. This caused many buy orders at levels 2, 3, and 4 to raise the price to the buy level, further fueling retail investor sentiment.

[The Locomotive's Redemption]: 21 lots have been bought. Could you guys let me in first? Don't crowd the transaction channel!

[Kakashi's Hot Talk]: Yijing Optoelectronics is a leader in photovoltaic performance, and 10 yuan is really not expensive, but the premise is that it can be successfully listed.

[Golden Monkey]: Haitong Foods should step down quickly, stop occupying the position without doing anything, and let Yijing Optoelectronics go public!
[Little Head Son]: No, please don't rush to list it, because I haven't bought in yet. Let me buy in first.

Yijing Optoelectronics' technological reserves, coupled with favorable policies, are all verifiable. As it stands, if it successfully goes public, its share price could reach between 15 and 20 yuan, compared to the average price-to-earnings ratio of the photovoltaic industry.

This is precisely why retail investors are willing to take the plunge and gamble on the anticipated backdoor listing.

However, there are always clues to the selling off of speculative funds. After observing Haitong Foods for more than ten minutes, Chen Xiaoqun, who was far away in Yanjing, immediately asserted: "Are they selling off? The turnover rate and trading volume are rising rapidly, which does not seem like a divergence of funds."

After thinking it over, he decided not to take the risk and chose to cash out the profits from Haitong Foods.

Holding 1300 shares of Haitong Foods at a price of 7.26 yuan and closing at 10.6 yuan, the profit per share was 3.34 yuan, for a total profit of 4342 yuan.

After clearing out his Haitong Foods inventory, he switched to Rainbow Shares, where there were also signs of him selling off his shares.

After pondering for a few seconds, Chen Xiaoqun made a decision: "The Grand Master is most skilled in the One-Word Soul-Severing Blade. This kind of petty selling is definitely not his doing. Besides, the good news hasn't been fully realized yet. Let's hold on for another day and see how things go."

After Zhang Yang's guidance that day, he discovered the trickery of Rainbow Shares' stock manipulation and, through reverse deduction, predicted that Zhangjiagang Municipal Government might indeed have an investment partnership with Rainbow Shares.

As for the denial in the "Announcement on Serious Abnormal Stock Trading," Chen Xiaoqun is more inclined to believe that it was Xu Xiang's manipulation to shake out weak hands.

Because the other party is a top speculative investor who also holds a private equity title, he is fully capable of colluding with Rainbow Shares.

Chen Xiaoqun wasn't the only one who thought this way; many other stock market investors also noticed something amiss.

Of course, the fact that shareholders noticed something was not because they were smart, but because Ma Xinqi was orchestrating the leak.

The buyers of Rainbow Shares now are mostly retail investors who think they're smart and have uncovered the real inside information.

But what retail investors don't know is that they have been deliberately guided by speculative capital.

……

While speculative stocks were quietly gaining momentum, the A-share market was openly declining, with the 2800-point six-month moving average being breached.

Many stock market investors, even those with ten years of experience, may not know why the 120-day (half-year) moving average is called the "bull-bear dividing line".

Commonly mentioned support levels, such as the 5-day and 10-day moving averages, are the average closing prices of the past 5 and 10 trading days, respectively.

A death cross between the 5-day and 10-day moving averages means that the average closing price of the past 5 trading days falls below the average closing price of the past 10 trading days. This indicates that short-term selling pressure is gradually exceeding buying pressure, the stock price lacks upward momentum in the near term, and may enter a short-term correction phase or be a signal of adjustment in the medium-term trend.

Similarly, the 120-day moving average reflects the average holding cost of the index over the past six months. If the index falls below this line, it means that most of the funds that entered the market within the past six months are now trapped, and the medium-term support of the bulls has completely failed.

The good news is that currently only the index has fallen below the 120-day moving average, and the 5-day and 10-day moving averages have not yet formed a death cross with the 120-day moving average, indicating that there is still buying activity from multiple sources.

2784 points.

2766 points.

2742 points.

The market index is still falling.

The main culprit for the decline is northbound capital, also known as "smart money," which has outflowed more than 10 billion yuan as of 9:47 a.m.

Foreign capital's massive sell-off has caused market panic. Domestic capital only held on for a short while before choosing to join in when it couldn't win. Most importantly, the national team showed no signs of supporting the market.

[Stock Market Guru]: Help! Where is the national team? Where is the national team? The index is about to reach 2700!
[Twinkle Twinkle Little Star]: The 120-day moving average has been breached, so it's meaningless now. It's a bull-bear transition. See you at 1600 points.

[Guardian of the Peak]: The same thing happened at the peak in 2007. When the 120-day moving average was broken, it meant the end of the bull market and the beginning of the bear market!
[Dragon in My Pocket]: No wonder there are so many speculative stocks lately; it turns out that speculative funds and institutions knew all along that the 2800-point level couldn't be held.

Panic is spreading rapidly among retail investors. The breach of the 120-day moving average has made them realize that the A-share market may indeed be facing a deep correction.

Even Li Daxiao, the "cattle farmer," is now caught in self-doubt; the 120 emergency line is his last line of defense.

What does penetration mean?
The vast majority of stock investors who have invested in stocks over the past six months are now trapped in losses!
Even if Li Daxiao still wants to raise cattle, he has to admit that the A-share market may be entering a somewhat difficult "dormant period".

"Could it be that a shift from a bull to a bear market is really imminent?"

While Li Daxiao was caught in self-doubt, far away in the open-plan office area of ​​China Securities Finance Corporation, all the traders were on high alert, waiting for their leader's order.

However, after waiting for half an hour, Jiang Sinian, the leader of the trading team at China Securities Finance Corporation, still did not receive an order from her direct superior.

"What's going on? They've stopped supporting the market?"

Jiang Sinian whispered.

Not only him, but all the traders present looked at each other in bewilderment, none of them daring to make a move.

In the chairman's office of China Securities Finance Corporation, Chen Bin was on the phone, communicating with Huang Haoxuan, director of the Hong Kong Monetary Authority.

"Director Huang, are you sure you don't want to support the market? The index has already broken through 2800. If we don't intervene, it might drop to 2700 or even 2600 points today."

"The National Bureau of Statistics just gave me a heads-up: the PPI data for August showed a year-on-year decrease of about 7.9%. Although the decline has narrowed, the fact that it is still declining cannot be changed."

"Then wait for the negative news to materialize?"

"That's right. Tomorrow, not only will the PPI and CPI be released, but other economic data will also be released to the public. So we want Huijin and China Securities Finance Corporation to hold off on making any moves until the data is released tomorrow."

What is the CPI approximately?

"It decreased by about 1.2% year-on-year, but it seems to have increased month-on-month. Also, both our heavy industry and light industry have grown. I didn't ask for the specific figures, but they are quite impressive."

"Haha." Chen Bin suddenly laughed twice, and then said, "That's a big positive overall. Could the rumors about the negative impact on PPI have been released by your Financial Bureau to clear out credit funds?"

"Clearing out credit funds is not the task of the Financial Bureau; you'll have to ask the central bank about that," Huang Haoxuan denied that the information was released by his company.

The reason why this round of A-share decline is so fierce is largely due to the behind-the-scenes manipulation of several financial sectors.

Of course, the multiple departments' efforts to drive down the index were not for the sake of ordinary investors' meager profits, but because too many credit loans had illegally entered the stock market, creating a financial bubble.

Compared to investors' money, the financial sector is more concerned about financial risks.

It is precisely because of the need to deflate the credit bubble that the Shanghai Composite Index has fallen by more than 700 points in this round.

As for leveraged trading, since it's illegal off-exchange, it's easy to get overwhelmed.

"Okay, I understand, Director Huang. We'll hold off today and wait for an opportunity to push the price up tomorrow."

"I'm glad you understand."

"Understandable."

"I'll hang up now. I need to inform the China Securities Finance Corporation and tell them not to intervene."

"Okay, Director Huang, please get back to work."

As the call ended, Chen Bin had a general idea of ​​what was going to happen next. Without hesitation, he picked up the intercom on the table and called Jiang Sinian.

"Dududu-"

After a few busy tones, the call was connected.

"What new instructions does Chairman Chen have?"

Jiang Sinian could no longer contain herself. Now that the index has broken through 2700, investors' sentiment has turned towards despair.

"We will not prop up or rescue the market today; we will let the market find its own way out of the bottom."

"what???"

As soon as Chen Bin finished speaking, Jiang Sinian's eyes widened in disbelief, and she asked, "You're not going to invest any funds at all?"

"I've already said the market has bottomed out, I don't think I need to repeat myself, do I?" Chen Bin said in a deep voice.

Those who frequently trade stocks know that there are often two types of bottoms in the stock market: the policy bottom and the market bottom.

The policy bottom is a bottom created by policy. For example, the "4 trillion yuan investment plan" in 2008 made the A-share market stop falling and stabilize instantly, finding the value bottom.

As for the market bottom, this is relatively rare. It generally means letting the market decide the bottom itself, without strong policy intervention.

There are two types of bottoms, and the corresponding upward movements are different. The policy bottom may see a slight increase, but the appearance of each market bottom indicates that the market has reached a point where it can't fall any further. It's like dry tinder meeting a raging fire; a little bit of capital can start a market rally.

"understood."

Jiang Sinian nodded slightly.

After hanging up the phone, he raised his voice and said, "Abandon any market rescue measures and let the market find its own bottom."

"Wow—"

The open-plan office area erupted in uproar.

No intervention in the market?
Finding the bottom?
They hadn't heard that phrase in a long time.

But the leader's words were absolute, and none of Huijin's traders made any further moves, quietly watching the index fall.

Not only Huijin, but also the trading team of China Securities Finance Corporation is keeping a wait-and-see attitude.

2694 points.

2703 points.

2691 points.

After fluctuating back and forth, the market broke through 2700 points and continued to explore downwards, leaving a group of public fund managers stunned, including Wang Yawei, who had successively filled his positions.

……

"It's still falling, it's still falling, how can it still be falling?!"

China Asset Management Co., Ltd., Shanghai Branch.

Wang Yawei stared anxiously at the K-line chart, which was relentlessly searching for its bottom, scratching his head repeatedly until his fingernails were filled with dandruff.

He never expected that the "vinegar" theory was completely wrong, and that the higher-ups never even considered giving retail investors another meal.

Currently, several mutual funds managed by Wang Yawei are among the worst performers in terms of decline this week compared to other funds of the same type.

Now, not only Wang Yawei is confused about the market, but Chen Zhimin of E Fund Management, Shao Jian of Harvest Fund Management, and Wang Hongyuan of Southern Asset Management are also confused about this round of market trends.

The index plummeted from 3478 points to 2700 points, a drop of nearly 800 points, almost wiping out the gains of the first half of 2009.

Who dumped the shares?
This goes without saying.

But the problem is, they can't understand why they had to sell so aggressively. There was no need to push the index down to 2700 points just to squeeze out credit funds, right?

A host of star mutual fund managers in the industry have been overshadowed, while mutual fund managers who focus on "monster stocks" have begun to stand out.

Take Tao Yuang's "Huaxia Healthcare Value Mixed Fund A" for example. It ranked first among similar funds this week. Although it also had a negative return, it fell less, which is the key point!

It doesn't matter if you get 10 points, as long as everyone else gets single digits, you'll be number one!
Because of his first-place finish, Tao Yuang now walks with a swagger, and even Ou Guiyan, who wanted to treat him to soy milk, had to admit that Tao Yuang was a bit hard to control.

Unlike Tao Yuang's belated attempt to mitigate the damage, He Jing had just started building her portfolio.

Seeing the real estate sector fall again, but only by about 1%, she suddenly realized that this might be the bottom of value.

"We need to accelerate our position building. Even if the index falls further from 2680 points, it shouldn't fall much further unless there's another economic crisis," He Jing muttered to herself.

The A-share market plummeted to 1660 points in 2008 due to the subprime mortgage crisis.

In 2009, when the world was injecting massive amounts of liquidity and escaping the shadow of the economic crisis, she did not believe that an economic crisis would ever come.

Moreover, she consulted Zhang Yang on macroeconomic issues on several occasions, and he did not hold back, but bluntly stated that the world would usher in a new period of prosperity in the next ten years.

……

11:20 AM, nearing the close of the morning session.

The continuous high-intensity control and distribution of shares left Zhang Yang, Liao Guopei, and Lin Guangchang exhausted. Fortunately, they managed to sell off 2.2 million worth of shares in just one morning.

The "Liu, Guan, and Zhang gang" currently holds 5725 million shares of Haitong Foods, and their task today is to reduce their holdings to around 4500 million shares.

As for Rainbow Shares, they did not reduce their holdings, but planned to do so in a couple of days, because they did not see any indication that Xu Xiang intended to dump shares.

[Special Stock Information Alert]: Therapeutic hepatitis B vaccine has entered Phase II clinical trials, with a high probability of success.

Zhang Yang, who was still shipping out goods, paused and stopped.

He quickly opened the news feed and, through the market research report cited in the news content, found a market research report titled "Shancheng Beer, the Oranges Are Almost Ripe," published half an hour earlier by Wang Xi, a market researcher at Industrial Securities.

Looking at the familiar research report, Zhang Yang murmured, "The oranges are red, the peaches are ripe, is it finally coming?"

"What's red and ripe?"

Liao Guopei, who was standing to the side, glanced at him and asked.

Seeing Zhang Yang's serious expression, Lin Guangchang couldn't help but ask, "Joker, what happened?"

Zhang Yang took a deep breath and said in a deep voice, "It's coming, Shancheng Beer!"

(End of this chapter)