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

Chapter 219: Ambitions of various speculative investors revealed; Zhang Yang and Li Daxiao's outcomes are directly opposite.
Regret, anxiety, frustration, irritability, helplessness, loss, resentment, and anger filled Xu Xiang as he read the latest comments from retail investors, appreciating the emotional shifts behind the cold words.

Some people invest in stocks for money, but others invest for more than just money; they enjoy the process.

Xu Xiang took a puff of his cigar, then gently exhaled the smoke, his eyes conveying satisfaction.

For him, who has more than 60 billion yuan in funds, the most exciting part of stock trading is the moment when he has the power of life and death over retail investors.

The One-Word Soul-Severing Blade is not used lightly, but when it is, blood will surely be spilled everywhere!
Ma Xinqi glanced at Xu Xiang's computer screen, then looked at Xu Xiang, who was beaming with satisfaction, and said with a faint smile, "We've made a killing this time. We made 13 billion from one stock. Zexi No. 1's annual return is guaranteed to be at least 160%, which might break the record for the return of private equity funds."

Currently, the fund with the highest historical return among Huaguo Sunshine Private Equity Funds is Huaguo Long No. 1, with a return of 216.43% in 2007, managed by Zhao Kai of Yongfeng Investment.

By heavily investing in large-cap blue-chip stocks, such as early positioning in leading stocks like Hangxiao Steel Structure and Sany Heavy Industry, it accurately captured the bull market dividends following the share-ownership reform, thus achieving a full-year return of 216.43%.

It is worth mentioning that in the same year, many private equity funds had returns of over 180%. The industry did not really recognize "Huaguolong No. 1", believing that it just caught the wave of the times. After all, the Shanghai Composite Index soared from 2675 points at the beginning of the year to 6124 points, an increase of 128.9%.

Unlike the controversy surrounding "Huaguolong No. 1" and the "Jinzhonghe Xiding" which achieved the highest return in 2008 with only a 20.02% yield, there are very few rumors and gossip surrounding it.

Because the Shanghai Composite Index plummeted from a high of 5522.78 points to 1660 points in 2008, let alone the returns, any private equity fund that did not lose more than 50% was considered a top performer.

One occurred during an index rise, and the other during an index fall. Clearly, the returns during the fall period are often the most recognized by the industry.

"With three months left, achieving another 80% return is entirely achievable."

Sun Guodong echoed.

Upon hearing this, Shu Yimin couldn't help but laugh and said, "He debuted at his peak, the king of speculative capital has become the king of private equity, Brother Xiang is awesome!!"

"The highest historical return for private equity funds is 216.43%, we're still far from there, let's not celebrate halfway through, brothers."

Xu Xiang appeared to be stopping Sun Guodong, Ma Xinqi, and Shu Yimin from opening champagne at halftime, but in reality, his ambition was already exposed the moment he accurately reported a return rate of 216.43%.

The top speculative investor?
He's already done it.

But he has never been the top private equity investor.

If Zexi No. 1 can achieve the honor of ranking first in annual return in its first year, then the future prospects of the Zexi series of products will be immeasurable.

Xu Haiou, who was standing to the side as the "social butterfly" of the Ningbo limit-up daredevil team, could naturally hear the subtext in Xu Xiang's words. He pushed up his glasses and said with a faint smile, "According to the current arbitrage model, controlling one or two more stocks will be enough to reach that goal."

“Two are too many, one is enough. With the hype surrounding Shancheng Beer, a 10x stock price surge isn’t an exaggeration, don’t you think?” Sun Guodong said, looking at Ma Xinqi and Shu Yimin.

"Indeed, Shancheng Beer's curative hepatitis B vaccine has unlimited potential. 10 times is still too little. If they understand expectation management, the stock price could potentially increase 20 times."

"fart!"

As soon as Shu Yimin finished speaking, Ma Xinqi couldn't help but retort, "20 times? Why don't you say 30 times? If we only focus on expectation management, Shancheng Beer's stock price will at most increase by 15 times. Unless a curative hepatitis B vaccine is actually developed and enters the mass production stage, 15 times is the limit for speculative trading."

"15 times and 20 times are not much different, they are the same, they are the same."

Shu Yimin chuckled.

"Not nearly as good..."

Before Ma Xinqi could finish speaking, Xu Xiang interrupted him, saying, "Alright, we'll talk about how many times it can be multiplied later. You guys try your best to attract more votes. I'm going out for a bit. Don't call me for the show this weekend."

His schedule is packed for the next two days, including tonight. He has appointments with private equity and public funds, as well as dinners with several major clients.

The reason for the packed schedule is simple: to persuade these people to collectively drive up the stock price of Shancheng Beer and make the "curative hepatitis B vaccine" concept the main theme of the market.

The main theme of the current A-share market is actually a bit blurry, unlike in May and June when a "H1N1 flu" concept theme drove the entire medical sector up.

……

And on the other side.

Fucheng city center.

"Minfu Brotherhood" office building.

As Haitong Foods' stock price hit the daily limit again, a member of the Brotherhood looked at Qiu Baoyu with a puzzled expression and humbly asked, "Brother Yu, is the price a bit high for us to accumulate shares at this point? I feel like we should wait for the stock price to drop."

In his view, since "Fuchun Road" has already sold off, they can simply wait for the stock price to fall naturally before slowly getting back in.

The price at which shares have been accumulated in the past few days has been above 12 yuan, with the highest being 14 yuan, which he really can't understand.

Before Asking Qiu Baoyu could speak, Qiu Gaocai, who was sitting with his legs crossed and picking at his toes, casually chimed in, "Ah Kang, you're new here and don't understand the ins and outs of the stock market yet. There's no such thing as a high price when buying stocks with potential."

"why?"

The young man named A-Kang was puzzled.

Unlike other speculative investment groups, the "Minfu Brotherhood" consists of Qiu Baoyu's relatives, many of whom had never even been involved in the stock market before joining.

Here, those without trading talent will be assigned to be traders, responsible for following trading instructions; the learning curve is not steep.

Those with trading talent will direct and control stock trading or trade in waves based on the strength of their talent.

Seeing that A-Kang asked again, Qiu Gaocai patiently answered him, "Because when we control a stock, we can make it rise or fall as we wish. This allows us to use the sideways fluctuations to do T+0 trading and reduce costs. Do you understand?"

"Uncle Cai is right. As long as we control the market well, retail investors can only guess when the market is consolidating. We, on the other hand, have the answers in hand."

"Fuchun Road is such a waste. They always have their fun and then run away. They don't understand the joy of long-term betting at all."

"Perhaps he lacks the ability to manage the long term."

"You know what, it's actually quite possible!"

The speculators from the Minfu Brotherhood spoke up, their tone carrying a hint of disdain for "Fuchun Road".

Just then, Qiu Baoyu said calmly, "Don't underestimate Fuchun Road. It has the ability to rise in just a few months. As for why it doesn't hold the stock for a long time, it may be related to the expected rate of return."

Just after he finished speaking, he looked at Ah Kang and said, "If you don't understand anything about the stock market in the future, ask Uncle Cai. He will answer all your questions."

"Okay, Brother Yu."

Ah Kang nodded quickly.

After Qiu Gaocai's explanation, he roughly understood why his company needed to control the market at this point. In short, it was about prioritizing market control.

First, control the market, then reduce costs through day trading, and once the positive news is released, feed all the shares to retail investors at once to achieve arbitrage and exit the market.

This explains why some stocks, after experiencing a dozen or more consecutive limit-up days, only pull back for a few days before consolidating sideways.

"Uncle Cai, I have another question. How did we determine that Haitong Foods still has room for speculation?" A-Kang asked again.

Qiu Gaocai glanced at A Kang, then switched to the other foot and continued picking at his nails. As he switched feet, he didn't forget to smell the dirt on his toenails.

After sensing that euphoric atmosphere, he responded: "Haitong Foods is just a pig riding the wave. The management and decision-making levels are stuck in the past. I guess they are still foolishly thinking that once the Chinese economy recovers, Haitong Foods can smoothly overcome its difficulties."

A-Kang: "Can't we even achieve economic recovery?"

"No." Qiu Gaocai answered decisively, and then explained: "To be precise, if they don't sell the shell company, they won't last until that day, because policy transmission and economic transmission both take time. Moreover, the impact of the melamine incident is far greater than the impact of the economic crisis."

“Uncle Cai is right.” At this moment, Qiu Hongxuan, who looked refined and was wearing a white shirt, chimed in: “Haitong Foods is in the pre-processed food sector, and ready-to-eat canned food accounts for more than 70% of its main business. In other words, this company is highly dependent on overseas markets.”

"Perhaps their decision-makers haven't realized that what can revive a company is not the recovery of the Chinese economy, but time. Only time can dilute the impact of the melamine incident."

A-Kang pondered for a few seconds, then asked again, "So that means the more Haitong Foods struggles, the faster it will die, and eventually sell its shell company at a low price?"

"more or less."

Qiu Hongxuan nodded.

As the saying goes, bystanders see things more clearly than those involved; they have already clearly deduced the future development of Haitong Foods.

There may be people within Haitong Foods who understand the situation, but judging from the current actions, the direction is still dominated by the "newcomers".

It was precisely because they deduced that Haitong Foods would inevitably accelerate the realization of its backdoor listing expectations due to its own internal turmoil that Qiu Baoyu, Qiu Gaocai, Qiu Hongxuan, and others dared to make the decision to prioritize controlling the company.

"They've raised a sign!"

Suddenly, someone shouted.

All of a sudden.

Qiu Baoyu, Qiu Gaocai, Qiu Hongxuan, and A Kang focused their attention on the man's computer screen, where they saw that "Huaxia Medical Value Hybrid Fund A" had issued a "Reduction Announcement".

Huaxin Fund Management Co., Ltd. (hereinafter referred to as "the Company"), as the fund manager of "Huaxia Medical Value Mixed Fund A", hereby issues this announcement regarding the reduction of the fund's holdings of Haitong Food Group Co., Ltd. (hereinafter referred to as "the Target Company") shares, in accordance with the provisions of the Securities Law, the Securities Investment Fund Law, the Measures for the Operation and Management of Publicly Offered Securities Investment Funds and the relevant business rules of the Shanghai Stock Exchange.

I. Basic information of the entity reducing its holdings.

1. Fund Name: Huaxia Healthcare Value Mixed Fund.

2. Fund Manager: China Asset Management Co., Ltd.

3. Fund Custodian: China Merchants Bank Co., Ltd.

4. Shareholding prior to this reduction: As of the date of this announcement, the fund held 3295 million shares of the target company, representing 14.33% of the target company's total share capital.

II. Main contents of the share reduction plan

1. Target of reduction: Unrestricted shares of Haitong Food Group Co., Ltd.

2. Quantity and proportion of shares to be reduced: The planned reduction quantity is 690 million shares. If the target company undergoes any equity changes such as bonus share issuance or capitalization of capital reserves during the reduction period, the reduction quantity will be adjusted accordingly.

3. Method of reducing holdings: through centralized bidding and block trading on the Shanghai Stock Exchange.

4. Reduction period: The reduction is expected to be completed within 30 trading days after 15 trading days from the date of this announcement.

III. Reasons for the reduction of holdings

This reduction in holdings is a normal investment decision made by the fund based on the macroeconomic environment, securities market trends, and changes in the fundamentals of the target company. It aims to optimize the fund's investment portfolio structure, control investment risks, and protect the long-term interests of fund shareholders, and is conducted in accordance with the terms of the "Huaxia Healthcare Value Mixed Fund A" contract and relevant laws and regulations.
"Will they reduce their holdings to the maximum allowed limit?"

"Manager Tao wants to clear out all the inventory!"

"690 million shares, accounting for 3% of the total share capital, he's going to sell them all."

When the "Announcement on Reduction of Holdings" was issued, the members of the "Minfu Brotherhood" immediately started discussing it. Qiu Baoyu also realized in an instant that Tao Yuang was going to sell all the shares held by the fund.

Why so sure?
The reason is that he reduced his holdings by 690 million shares.

According to the "Interim Measures for the Administration of Share Reduction by Shareholders of Listed Companies", the reduction of shares through centralized bidding transactions shall not exceed 1% of the company's total share capital within any consecutive 90 days, and the reduction through block trading transactions shall not exceed 2% of the company's total share capital within any consecutive 90 days.

To put it simply, Tao Yuang can reduce his holdings by a maximum of 3% within 90 days.

Of course.

There is another way to reduce holdings.

That is through negotiated transfer, which allows for a one-time transfer of all shares, but the transferee must lock up the shares for 6 months.

Buying can be done illegally, requiring the issuance of a supplementary announcement and payment of fines, but selling must strictly adhere to the rules, as the China Securities Regulatory Commission (CSRC) has the right to force the seller to repurchase the shares in violation of regulations.

Because of the restrictions on buying and selling, speculative funds typically hold more than a dozen securities accounts to avoid a single account reaching the 5% threshold for disclosure.

After reading the "Announcement on Reduction of Holdings", Qiu Baoyu immediately looked at Qiu Hongxuan and said, "Ah Xuan, go and check Tao Yuang's contact information. We want all the remaining shares he has."

"Agreement transfer?"

Qiu Hongxuan couldn't help but ask.

"Hmm, locked for 6 months, I guess it's around the same time Haitong Foods went bankrupt. Playing this stock for a year or two shouldn't be a problem."

Qiu Baoyu seemed to be very familiar with the process, and his tone was very decisive.

Unlike Xu Xiang and Zhang Jianping, Qiu Baoyu's trading talent is not particularly high, but he knows how to create second and third waves.

Moreover, what the "Minfu Brotherhood" wants is certain returns, so that others can find actionable targets. After the first wave, they assess that they can continue to speculate and operate a multi-wave trend in the long term.

Don't underestimate the power of multiple waves; these are often the most ruthless traps, especially those with only two waves, which can trap investors for years.

……

The moment Tao Yuang issued the "Announcement on Reduction of Holdings", Haitong Foods' stock price plummeted, and a large amount of capital fled the market.

[MakaMaka]: Oh no, the plan has changed, the mutual fund has run away!

[Don't like coffee]: If I remember correctly, the "Huaxia Healthcare Value Mixed Fund A" is the healthcare fund that was illegally purchased. Is it going to run away with the money?

[Explosive Fist]: It's over, it's over! Haitong Foods is doomed. Recently, the main force has been flowing out, and now public funds are reducing their holdings. Brothers, run quickly, or you'll be left stranded at the top!

[ZhiGeNiuNiuNiu]: Public funds are all running away, the stock price will definitely fall. Sell a batch in advance and buy back when it returns to 8 yuan.

15.43 yuan.

15.37 yuan.

15.12 yuan.

Haitong Foods' stock price plummeted.

Qiu Baoyu, who witnessed all of this, did not panic at all. He did not rush to take over, but waited for the stock price to stabilize.

After Rainbow Shares and Haitong Foods successively hit their daily price limits and then plummeted, more and more speculative stocks are experiencing similar crashes, leaving retail investors frustrated and cursing their losses.

However, it wasn't just retail investors who invested in speculative stocks who were cursing and swearing; retail investors who bought into the broader market were also affected, and they all started cursing and swearing. The Shanghai Composite Index and the Shenzhen Component Index also began to fall as speculative stocks crashed and funds fled.

2875 points.

2864 points.

2842 points.

Since Zhang Yang proclaimed a "recovery bull market" on September 1st, the Shanghai Composite Index has risen for four consecutive days, with an increase of more than 200 points.

But now, the gains from the "fourth day" seem to be wiping out. Sensing the index decline, Zhang Yang stopped accumulating shares of Shancheng Beer and instead investigated the reasons for the market drop.

bank?

It did not fall.

Securities?

It didn't fall either.

Coal, insurance, electricity, automobiles?
These are all experiencing slight increases.

"The main board stocks are making steady progress, and the MACD has formed a golden cross, while the KDJ has long since shown a golden cross warning pattern. The K-line has also risen back above the 120-day moving average, so there is absolutely no risk of a technical correction."

After analyzing the situation, Zhang Yang opened the Joker investment channel and wrote a post to remind everyone.

[Regarding the capital fluctuations caused by the sudden drop in the price of speculative stocks, there are currently no negative signals from the capital, technical, or policy perspectives. My personal suggestion is to hold positions and wait for further gains, observing more and acting less.]
"Snapped--"

As soon as the post was published, all users who were using Caiyan.com and following the Joker Speculative Investment Channel received a pop-up notification.

All of a sudden.

Page views and replies surged.

[Super Transformation]: It turns out the fluctuation was caused by the sudden collapse of a speculative stock. I unconditionally trust Joker's judgment and will resolutely not sell a single share, even if my parents beat me with sticks and force me to sell!

[Monk uses Pantene to wash his hair]: We survived the 2630 point a few days ago, so what's there to be afraid of at 2800? Let it drop to 1600 points if it dares, I won't sell a single share, no matter how expensive or cheap!

[Kitagawa Mochizuki]: If you follow Da Xiao, you'll go hungry nine times in three days; if you follow Joker, you'll go hungry twelve times in three days. Just trust him and you'll be fine. He won't cheat us retail investors.

[Love is the basic substance]: What a timely reminder, Joker! Listen to me, thank you. Because of you, the seasons are warm. Thank you, because of you, life is more beautiful~
Shortly after Zhang Yang posted his warning, the Shanghai Composite Index did indeed rebound, and its upward trend did not end.

at the same time.

A classroom in a middle school in Beijing.

Chen Xiaoqun was using the break between classes to trade stocks on the multimedia podium and browse financial research websites.

At first, his classmates didn't care, but as the money in his securities account increased, some of his classmates couldn't sit still anymore and have been gathering around the podium to watch how he trades stocks for the past two days.

"Damn, Xiaoqun made over four hundred yuan again. Is stock trading really that profitable?"

"I earned a week's worth of pocket money just by tapping my fingers! Xiaoqun, can you teach us how to trade stocks? I'd like to become your apprentice!"

What kinds of stocks are listed here?

"Can I buy ICBC shares? My dad works at ICBC, and I heard they're going to raise salaries again."

Are there any airplane stocks? If I buy them, can I redeem them for airplanes?

The students chattered excitedly, asking questions incessantly.

Chen Xiaoqun ignored them and instead invested the remaining 2 yuan into the CSI 300 ETF, betting on the index to rise.

Because he has been in school these past few days and has to do homework after school, he simply doesn't have time to research individual stocks, so he can only choose to invest in certain sectors.

One advantage of investing in the CSI 300 is that it has a bottom. If it falls by 90%, other A-share stocks will basically fall by 90% or even more.

Its buying logic is based on a positive outlook for the Chinese stock market.

[Huaxin Securities]: One of your orders has been fully executed!

"What did you buy? The CSI 300?"

"What does CSI 300 mean? Xiaoqun, can you teach us?"

"Yes, I'll treat you to ice cream."

"Xiaoqun, please teach us."

The constant pleading and chattering of his classmates left Chen Xiaoqun feeling utterly helpless. He glanced at everyone and said, "Don't play around. It's easy to lose money in the stock market. I'm lucky though, I became an apprentice of the great Joker."

"Master joker?"

"Is this an ace or a clown?"

"It's definitely the ace!"

"Joker, the ace player, sounds familiar, I don't know where I've heard of him before."

While the students were discussing it, Chen Xiaoqun opened the Joker channel on Caiyan.com and said, "Zhang Yang is Joker, the boss of Caiyan.com. Hey, this is my opportunity. If you want to trade stocks, you can search for his videos and watch them first. At least you need to have some understanding of the stock market, you know?"

What are you all doing gathered around the podium?

Just as Chen Xiaoqun finished speaking, a stern voice suddenly came from the doorway.

Before Chen Xiaoqun could even close the webpage, someone immediately tattled: "Teacher, we're watching Chen Xiaoqun trade stocks."

"Stock trading?"

Class teacher Chen Fangmei had a dark expression, and the surrounding students automatically made way for her.

Chen Xiaoqun was flustered and angry. He glared at the girl who had accused him of stock trading; it was Li Lingling, the class monitor.

"Chen Xiaoqun, are you trading stocks on the school's multimedia computers?"

Chen Fangmei questioned.

Just then, Li Lingling, the girl who said he was involved in stock trading, chimed in, "He also said he knows some 'joker guru' and Zhang Yang from Caiyan.com."

"!!!"

Chen Fangmei's expression shifted slightly.

She hadn't expected Chen Xiaoqun to know Zhang Yang, but thinking about it carefully, it was normal for someone from Yanjing to have extensive connections.

As a small-time investor, Chen Fangmei entered the stock market in April. Like many new investors, she initially had great faith in Li Daxiao and even made tens of thousands of yuan.

But as August arrived, she not only wiped out her profits, but also lost 1.7 Chinese yuan.

Like many retail investors, she went from questioning Joker to understanding him, and finally paying for his services in just one month.

After learning that Chen Xiaoqun and Zhang Yang knew each other, Chen Fangmei, to express her gratitude for getting out of trouble, gently put down her phone and said, "Alright, don't use multimedia to trade stocks again next time. Class is about to start, everyone go back to your seats. I have something to announce."

"???"

Chen Xiaoqun was somewhat surprised.

He thought they were going to call his parents or notify them, but they just let it go so easily.

Even the girl who tattled on Chen Xiaoqun was surprised that the usually strict Chen Fangmei didn't call Chen Xiaoqun's parents.

"Get back to your seat!"

Chen Fangmei raised her voice.

In just a moment, the students on the podium returned to their seats. Chen Xiaoqun walked so fast that she even forgot to log out of her securities account.

As Chen Fangmei walked onto the podium, she glanced at his account and was surprised, but she said calmly, "The school sports meet is in two months. The school requires our class to arrange at least two opening performances. Are there any students who would like to volunteer?"

Quiet!

No one answered!
Chen Fangmei had obviously anticipated this situation. She looked at a girl and said, "Since no one is willing to volunteer, I will just call out names later. The cultural publicity committee member should also take the lead. In addition, the sports committee member should register the list of participants for the sports meet. I will call out names for those who are vacant."

For students, the happiest times in the second half of the year are the National Day holiday and the sports meet.

However, there is a downside to sports meets: the roster is often short of players, and the students who are called up to fill in are often the ones who embarrass themselves.

After arranging the sports meet, Chen Fangmei looked at Chen Xiaoqun and said, "Chen Xiaoqun, come to my office with me."

"As expected, they didn't let me off the hook!"

Chen Xiaoqun stood up.

Before leaving the classroom, he didn't forget to give the girl who had reported him the middle finger to express his anger.

However, to Chen Xiaoqun's surprise, when he followed Chen Fangmei into the office, she did not criticize him, but instead reminded him: "Chen Xiaoqun, I don't object to you trading stocks, but you can't do it on the classroom multimedia screen. What if other students follow suit? Right?"

"I know I was wrong."

Chen Xiaoqun bowed her head and admitted her mistake.

"It's good that you know you're wrong." Chen Fangmei replied, but then suddenly pointed the way, saying, "If you really want to trade stocks, you can do it in the teacher's office after class, but you can't disturb your classmates, understand?"

"???"

Chen Xiaoqun was visibly shocked.

He couldn't immediately understand the meaning of Chen Fangmei's words.

Is it really possible to trade stocks here?

Or is there a hidden meaning in his words?

Seeing Chen Xiaoqun hesitate, Chen Fangmei added, "Anyway, we can't let it affect your classmates, you know? Okay, go back now."

"I understand, teacher."

Chen Xiaoqun turned and left.

As soon as he stepped out of the office, Chen Fangmei skillfully opened the financial research website. In the upper right corner, below the user's avatar, a bright "SVIP" annual membership logo was prominently displayed.

……

The A-share market closed at 3 PM.

On September 4th, the Shanghai Composite Index closed at 2861.61 points, up 0.58%, with a trading volume of 1411 billion yuan. The Shenzhen Component Index closed at 11519.68, up 1.01%, with a trading volume of 717 billion yuan. Both markets saw a surge in trading volume and price increases.

As speculative stocks successively hit their daily limit and then plummeted, the market fluctuated throughout the day. Fortunately, the index-weighted stocks were not significantly affected, and the index stabilized accordingly.

Shortly after the market closed on September 4, major financial media outlets began touting a bull market.

"September opens with four consecutive days of gains, A-shares form a bottom again. Hurry, a ten-year veteran stock investor teaches you how to position yourself for the trend!"

"The macroeconomy rebounded collectively in August, and the stock market staged a V-shaped recovery in September. Is the 'joker's' bull market really here?"

Warren Buffett's top predictions: Industrialized countries will recover much faster than consumer-oriented countries; Wall Street elites teach you how to easily allocate high-quality assets!

Shocking! A strong rebound in four days signals the start of a second wave in the A-share market?

自从8月31号，A股创下2009年上半年最大跌幅后，9月1号到4号都呈现上涨，这让股民得到前所未有的信心。

However, self-media marketing accounts have gradually lost the trust of retail investors, who are now more concerned about the opinions of "joker the guru".

Zhang Yang, who was far away on Caiyan.com, had just finished organizing his holdings in Shancheng Beer and the amount of funds available when he immediately posted a commentary on this week's market.

[The market rose for four days in September, reaching the resistance levels seen during the consecutive declines on August 28th and 30th. Unless there are significant positive developments over the weekend, be aware of potential selling pressure next week. The overall outlook is bullish, with clear bottoming signals from the MACD and KDJ indicators.]
When Zhang Yang posted the message, countless retail investors finally believed that the "bull market" had returned.

[Loves Spicy Hot Pot]: Since even the great Joker is bullish overall, what else is there to say? Just hold your positions. I don't believe it can keep falling. If it dares to fall, I'll buy more.

[Who is the Little Darling]: Don't be afraid of anything below 3000 points, just go all in, the worst that can happen is jumping off a building, right, fellow stock investors?
[Past Events Gone with the Wind]: Screw you, what the hell? I'm still a virgin, I'm going to make money to become the male lead in a Japanese movie!
[Lonely Left Behind]: These days, I only follow Joker, the stock market guru. I've already subscribed to his annual subscription. Thanks for his guidance!
With retail investors chiming in and the internet spreading information at breakneck speed, Zhang Yang's unwavering bullish sentiment quickly reached the ears of Li Daxiao of Yingda Securities.

After reading Zhang Yang's analysis, he immediately opened the daily chart of the Shanghai Composite Index.

The MACD has indeed formed a golden cross, and it's a golden cross that occurred after a sharp drop, which most likely indicates that the bottom has been reached.

"If Zhang Yang shouts 'Bull!', what should I shout?"

Li Daxiao is considering it.

After weighing the options, he also decided to declare a bullish outlook and remain firmly bullish on the Chinese stock market.

Without further hesitation, he immediately recorded a video and, after some simple editing, posted it on Weibo and other major platforms.

[Comrades, comrades, on this beautiful afternoon, the most difficult period for the Chinese stock market has passed. The four consecutive days of gains in September have completely reversed the market trend, and the second wave of the bull market is about to begin. Let us embrace this hard-won bull market with its solid bottom!]
The emergence of "Iron Bottom Bull" has once again sparked heated discussions online. Unlike previous disagreements, this time Zhang Yang and Li Daxiao's fans are on the same side, both believing that the price can still rise.

However, some retail investors are worried that two negatives make a positive, and now that there are positives, will they end up being negative?
A post from a well-known internet personality, Joker, is bullish, and then Li Daxiao releases a video also bullish; it might actually turn into a situation where "positive plus negative"!
Just as retail investors were worried that next week might see a "positive-to-negative" outcome, Chen Sanrong, far away in an office building in Shenzhen, had already sensed something was wrong, and his thoughts were already wandering.

He was extremely grateful to Shen Yufan of "Yitian Road" for rescuing him from the detention center, and even felt that he would do anything for him for the rest of his life.

But as time went on, Chen Sanrong began to vaguely sense that something was wrong.

First, Shen Yufan not only took all of Chen Sanrong's securities accounts, but also arranged for him to enter into a nominee shareholding agreement with an underground bank.

Of course.

None of this is the point.

The key point is that Shen Yufan would occasionally send him a large number of securities accounts, allowing him to direct the company's trading team to buy or sell.

On September 1st, Shen Yufan instructed Chen Sanrong to lead the trading team to dump shares and then buy them all back.

To be honest, Chen Sanrong couldn't understand Shen Yufan's arrangements at all, and the latter seemed completely indifferent to gains and losses in the transaction.

Is this really a top-tier speculative investor?

Chen Sanrong was unaware.

But he was certain that Shen Yufan's numerous securities accounts held a massive amount of shares in the Shanghai and Shenzhen stock markets.

(End of this chapter)