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

Chapter 227 Washout and Accumulation, Poised for Takeoff

It is said that the three essential elements of news are timeliness, truthfulness, and accuracy. However, with the advent of the Internet age, these three elements have now evolved into taking things out of context, sensationalism, and manipulating public opinion.

The "Announcement on Serious Abnormal Stock Trading" issued by Shancheng Beer was edited by financial self-media, downplaying the future expectations of combined drug use and only presenting the data of the single drug use group to shareholders.

In an instant.

Panic spread like a plague.

[Stock trading is so damn fun]: Oh no, comrades, we've been fucking scammed again! Shancheng Beer's hepatitis B vaccine is fake!
[Loves Potato Chips]: I have a question. Does the statement that the seroconversion rate was 30% and had no statistically significant difference from the placebo group's 28.2% mean that synthetic peptide vaccines are ineffective?

[Rain Falls and Listens to the Sound of Rain]: Damn the main funds! I was wondering why the trading volume of Chongqing Beer increased by more than 3 times today. It turns out that insider funds rushed to sell in advance. I suggest that the China Securities Regulatory Commission investigate all these securities accounts.

[18-year-old male bravely ventures into the stock market]: I'm not playing anymore! I'm quitting! Damn the A-shares market! It's a scam! I want to apply for a refund for being a minor!

At this point, retail investors misled by the news have lost their most basic ability to think. They are like gamblers in Las Vegas, with emotions completely taking over their intelligence.

Meanwhile, Chen Xiaoqun, far away in the Yanjing compound, was initially flustered when he first saw those highly misleading news headlines, but quickly calmed down.

As a day student, the first thing he does after school these days is to turn on his computer to check the trend of the A-share market, then browse real-time financial news, and at night he will turn off the lights to watch horror movies.

Perhaps it was because she watched movies every day that Chen Xiaoqun could clearly feel her ability to control her emotions improving dramatically.

"Over a billion yuan has gone down the drain; Chongqing Beer's research and development of a synthetic peptide vaccine has failed..."

"The synthetic peptide vaccine, which affects hundreds of millions of hepatitis B patients, has been declared dead; there was no statistically significant difference between the treatment group and the placebo group..."

"Has the research and development really failed?"

Chen Xiaoqun frowned and whispered.

He recalled Zhang Yang's teachings, which emphasized that no matter what happens, one should always maintain a relatively clear mind and the ability to think independently.

He no longer trusted news self-media, feeling that they were suspected of misleading investors, and instead opened the "Announcement on Serious Abnormal Stock Trading" released by Shancheng Beer.

After carefully considering every word and sentence, Chen Xiaoqun couldn't help but curse angrily: "Damn self-media! The combined drug group hasn't even produced any results yet, and they can't wait to announce the failure of the synthetic peptide vaccine development. They must have been paid!"

Has the development of synthetic peptide vaccines failed?

It failed, but it wasn't a complete failure!
According to the "Serious Abnormal Stock Trading Announcement" of Shancheng Beer, the clinical results of the single-drug group and the combination-drug group have not been announced.

"Those damn big players are trying to use misleading news to fleece retail investors. No way, I can't let them succeed!!"

Chen Xiaoqun began posting messages on Weibo, Baidu Tieba, retail investor QQ groups, and stock market forums on financial websites such as Eastmoney, Tonghuashun, and Caiyan.com, trying to warn retail investors holding shares in Shancheng Beer to be wary of a scam.

However, he is not a public figure, has no fan base, and his influence is extremely limited.

"Damn it!"

Looking at the post with only a few hundred views, Chen Xiaoqun felt a sense of powerlessness.

He longed to save retail investors from their plight like the "Joker God," but his influence was too small to do so.

"correct!"

Suddenly, Chen Xiaoqun thought of Zhang Yang. He quickly opened Zhang Yang's chat window and whispered, "If Joker, the master, were to step in, it would definitely prevent retail investors from being fleeced."

Without hesitation, he quickly typed and pressed the Enter key.

"Snapped--"

The message is sent.

Zhang Yang, who was still sorting through market news, saw a new message flashing in the lower right corner and casually opened the chat window.

[Chen Xiaoqun]: Are you busy? Joker, I have something I'd like to ask you.

Upon seeing the message, Zhang Yang did not reply immediately, but instead first analyzed what the other party wanted to trouble him with.

One advantage of online chatting is that it provides ample time for reflection.

If the other party makes a request that is beyond your capabilities or unacceptable, you can pretend you didn't see it.

"!!"

Suddenly, Zhang Yang noticed that Chen Xiaoqun's social media profile had been updated.

As a VIP Yellow Diamond member, his visit left no trace. When he clicked into Chen Xiaoqun's QQ space, what caught his eye was a post with more than 20 likes.

[The main players in the Chongqing Beer market are likely shaking out weak hands. The synthetic peptide vaccine development hasn't failed. Those damned news media are misleading the public; I wonder how many more retail investors will get scammed. It's tragic!]
The comments section below only has a few retail investors and Chen Xiaoqun's classmates.

[Bu Ai灬 Bie Shang Wo]: Chen Xiaoqun, what are you doing? Quickly switch to CF Biohazard Mode!

[Tears of the North Star]: Still trading stocks? Chen Xiaoqun, have you finished your homework? If you don't hand in your English homework by tomorrow, you'd better watch out, I'll tattle on you!
[Night Breeze]: Church or Students?
[Brother is just a legend]: Chen Xiaoqun, the genius speculator in our class, haha!
[Cars on the street]: Didn't the research fail? I saw in the announcement that it clearly stated that the vaccine's effect was similar to that of a placebo.

"So that's what happened."

Zhang Yang had already guessed what trouble Chen Xiaoqun was about to get into after reading his social media posts.

At the age of fourteen or fifteen, their worldview is still black and white, with justice and evil as the only two options.

If he wasn't mistaken, the other party wanted to use Zhang Yang's influence to warn all retail investors holding shares in Shancheng Beer not to fall for the big players' tricks.

However, Chen Xiaoqun could not have imagined that Zhang Yang was a beneficiary of this shakeout.

During this period, he couldn't accumulate many shares at the daily limit. He, Liao Guopei, and Lin Guangchang all needed a thorough accumulation of shares, so he wouldn't help with that, nor could he.

Sacrificing one's own interests to help others is the act of a saint; in the 5000-year history of China, only two saints have emerged in this regard.

Zhang Yang doesn't want to act like a saint. Unless the person he's helping is very important to him, he will prioritize his own interests before considering the interests of others.

"Cough-cough-"

Chen Xiaoqun sent another message.

[Chen Xiaoqun]: Is Joker online?
Zhang Yang glanced at the content, then closed Chen Xiaoqun's QQ chat window and QQ space webpage, and continued organizing his message documents.

很多新股民，包括一些老股民都认为，炒股的时间是在上午9点15分到11点30分，以及下午1点到3点。

actually not!

This is just the opening time of the A-share market!

The most intense competition among all parties occurs when the A-share market is closed.

During this period, some stock market investors were collecting and interpreting information on policies, the economy, and news; others were reviewing the day's trading and summarizing the reasons for success or failure; still others were setting traps for retail investors in private rooms while drinking and chatting.

There is an old Chinese saying: "One minute on stage requires ten years of practice off stage."

The first four hours of trading are like a one-minute performance on stage; whether the performance can be completed successfully depends on the accumulation of experience after the market closes.

If you do nothing after the market closes, not even the most basic information gathering, it's a pipe dream to think you can make money in the stock market.

At this point, the document Zhang Yang had compiled was already filled with dense text.

1. China's first low-latitude satellite launch site—the Qiongnan Space Launch Site—was inaugurated on September 14 in Changwen City, marking a new stage in China's space program.

2. As the National Day security work enters a critical stage, Beijing has implemented 24-hour inspections of vehicles entering the city since September 15 to ensure the safe and orderly conduct of the celebrations.

3. ST Dongtan, a listed company on the Shanghai Stock Exchange, announced a trading halt because its controlling shareholder is planning a major asset restructuring.

4. The 64th session of the United Nations General Assembly opened at its headquarters in New York on September 16, with representatives from various countries discussing issues such as global economic recovery and climate change.

5. The "Nonferrous Metals Industry Adjustment and Revitalization Plan" released at the beginning of the year entered a critical implementation period in September. A national spokesperson stated that efforts should be made to actively promote capacity integration and technological upgrading to maintain the industry's steady upward development.

……

8. In September, the China Securities Regulatory Commission (CSRC) launched investigations into the "insider trading" activities of fund managers such as Tu Qiang, Liu Hai, and Han Gang. Among them, the Han Gang case became the first case of trading on undisclosed information to be transferred to the judiciary.

9. On the morning of September 16, the trading systems of more than 100 branches of Shenyin Wanguo Securities across the country experienced a sudden hardware failure, preventing customers from trading normally.

10. The 17th National People's Congress clearly stated that it is necessary to maintain the continuity and stability of macroeconomic policies and continue to implement proactive fiscal policies and moderately loose monetary policies.

The news and policies on September 16th were very significant, involving not only aerospace, asset restructuring, the green economy and the 60th anniversary of the founding of the People's Republic of China, but also adjustments to financial supervision, as well as proactive fiscal policies and monetary easing policies.

First, let's talk about the Qiongnan Space Launch Site. This is China's first low-latitude satellite launch site, which directly benefits the aerospace engineering sector.

Is this over?

It's far from over!

The main role of low-latitude satellites is to undertake four major categories of tasks: communication, remote sensing monitoring, navigation enhancement, and scientific observation, filling the service gaps of high-latitude satellites in low-latitude regions.

Can the completion of the first low-latitude satellite launch site be interpreted as the country actively developing fields such as information and communication, remote sensing monitoring, navigation enhancement, and scientific observation?

This is an extension of the interpretation of the news, not just looking at the "directly related" sectors that benefit.

Similarly, the news that "the China Securities Regulatory Commission (CSRC) has launched an investigation into the 'insider trading' activities of fund managers such as Tu Qiang, Liu Hai, and Han Gang, with Han Gang's case becoming the first case transferred to the judiciary for trading on undisclosed information" can also be interpreted as a strengthening of financial supervision, no longer simply a matter of imposing a fine of 50 yuan as in the past.

It is also worth noting that the decline in A-shares on September 16th, which is today, was influenced by the Bank of Japan's interest rate meeting. One of the uncertainties is that Japan may be the first to exit its loose monetary policy, thereby affecting other central banks.

However, the 17th National People's Congress clearly stated that it is necessary to maintain the continuity and stability of macroeconomic policies and continue to implement proactive fiscal policies and moderately loose monetary policies.

Combining these two news items reveals the attitudes of both central banks and the policymakers' views on the global economy.

Are you being cautious, Japan?
Our nation, China, is deliberately careless!
What may seem like old news—loose monetary policy and proactive fiscal policy—has now become the strongest positive news!
……

The night passed quickly, and the next morning arrived in the blink of an eye.

Chen Xiaoqun, still half asleep, was woken up by Zheng Xiaoyue. The first thing he did after getting up was to turn on his computer and check his QQ messages.

Still no reply?

Chen Xiaoqun sighed. He didn't know that Zhang Yang was deliberately not replying; he was just lamenting that retail investors were about to be fleeced again.

Because he still had to go to school, he didn't have much time to monitor the market, so he could only set up buy orders for Shancheng Beer in advance and let the trading system execute them automatically.

His trading style is extremely decisive. After realizing that the main players might be shaking out weak hands, he went all in with the remaining tens of thousands of yuan in his account.

In contrast, other retail investors are still unable to extricate themselves from the "negative news".

[Enchanting Night Scene]: Don't rush ahead, let me go first, I'm a student!

[A Glimpse of Chang'an's Splendor in a Single Day]: Student? You're no better than an animal! Whoever runs the slowest can stay and be considered long-term capital!

[The Man Under the Eaves]: I'm speechless about Chongqing Beer. Can't you just stick to selling your beer? Why do you have to come up with this "curative hepatitis B vaccine" that's harming people? Damn it!

[Her Youth Belongs to Me]: The market share of Chongqing Beer has been declining year by year. Who still drinks it now? Snow Beer and Qingdao Beer are the ones that drink more. I guess that developing a curative hepatitis B vaccine is its last gamble.

[Water of the River of Oblivion]: The difference between this and the one that loses its teeth is obvious. It's a desperate gamble, and in the end, it's us retail investors who will suffer.

Xu Xiang, Ma Xinqi, Sun Guodong, and others witnessed the emotional shifts of retail investors. At that moment, they were mercilessly mocking the retail investors' foolishness at Zexi Private Equity.

"Haha, I seriously suspect that these retail investors are treating their money like virtual currency, unable to distinguish between good and bad news."

"You know what, watching them trade stocks is really like throwing out happy beans."

"Based on my years of research on retail investors, I have found that they all have three problems. First, they are overconfident, thinking that they are stock market gods and that they can buy stocks with their eyes closed and they will rise. Second, they are lazy. They don't even bother to review the market, and they only look at the news that others have compiled. They don't have any of their own thinking. Third, they are greedy. They want to make a lot of money, but they are not willing to put in the effort."

"The Three Deadly Sins? That's an excellent analysis!"

"For us, this is not a flaw, but an advantage. If retail investors maintain these three points, we can continuously fleece them!"

"well said!!"

"Hahaha!!!"

In the open-plan office area of ​​Zexi Private Equity, Shu Yimin, Ma Xinqi, and Sun Guodong were mercilessly mocking the stupidity of these retail investors.

Upon hearing this, Xu Xiang smiled and replied, "The more problems retail investors have, the easier it is for us to make money. We really have to thank them for that."

The stock market doesn't create wealth out of thin air; it's just a mover, transferring money from one person's pocket to another's.

At this point, some people might argue that as long as the overall market index and individual stock prices rise, increasing the total market capitalization of the entire A-share market, isn't that creating wealth?
Really not!

There are generally two scenarios when the overall market index and individual stock prices rise.

1. Speculative trading.

2. Economic and corporate performance growth.

First, let's talk about the type of price increase driven by speculative funds. This is a complete game of musical chairs, where the last group of retail investors to buy in end up bearing the profits of everyone else who bought in earlier.

For example, if someone buys a stock at 65 yuan and sells it at 70 yuan, it means that someone bought it at 70 yuan, and the stock price increased by 5 yuan.

When the second group sells to the third group, the third group sells to the fourth group, and the fourth group sells to the fifth group, the stock value rises to 100 yuan. At this point, the sixth group buys the stock at 100 yuan, but finds that no one is willing to buy the stock at a price above 100 yuan. So they have to sell it below 100 yuan. In this case, the people who bought the stock later have essentially transferred their wealth to the pockets of the first, second, third, fourth, and fifth groups.

As for economic and corporate performance growth, the main creators of wealth are enterprises, not the stock market itself.

Once stock market gains deviate from corporate fundamentals, they will automatically gravitate towards the first scenario, patiently waiting for someone to buy in. ...

When Xu Xiang, Sun Guodong, Ma Xinqi and others were making fun of retail investors, it was already 9:15 a.m. Beijing time, the opening auction phase for A-shares.

Perhaps due to a multitude of significant positive developments, or perhaps because the clear directives from the 17th National People's Congress offset the impact of the Bank of Japan's interest rate decision, the four major state-owned banks all experienced varying degrees of price increases.

Industrial and Commercial Bank of China (ICBC) rose 1.82% to 5.05 yuan.

Hua Guo Bank rose 0.75% to HK$4.03.

China Construction Bank rose 1.19% to 5.93 yuan.

Agricultural Bank of China rose 1.34%, and is currently trading at 4.33 yuan.

While the banking sector may rise, other sectors and individual stocks may not necessarily rise, but they are unlikely to fall significantly either.

However, if the banking sector declines, then I'm sorry, the entire market could be dragged down by it!
The fact that banks are reporting positive returns is the biggest positive news. Hu Xijin, who is currently live-streaming, said with a look of surprise, "It's red! It's red! I've made money again, haha."

Jiang Minjun, the brand manager of Sina Finance who was connected with Hu Xijin, fell silent as she listened to Hu Xijin's laughter. She felt that her investment model had been completely overturned.

She is a right-side trader, which refers to investors who only enter the market after a clear upward trend has emerged in the market or individual stocks. The core of her trading strategy is "not to guess the bottom, but only to chase the rise," using established upward signals to reduce the risk of bottom-fishing.

By trading on the right side of the market, she is able to earn some rent every month from the stock market.

Having witnessed Hu Xijin's left-side trading, she realized that right-side trading was too slow to generate profits and had a very high frequency of missing out on opportunities.

Is there really gold everywhere below 3000 points?
Is it really okay to add to your position anytime below 3000 points?
Jiang Minjun questioned herself inwardly.

Not only Jiang Minjun, but also the retail investors watching Hu Xijin's live broadcast were bewildered and discussing among themselves.

[KFC Chicken]: I'm devastated, my moral compass is completely broken. I finally understand what a lucky player is. Editor-in-Chief Hu is truly outrageous; he dares to copy anything.

[The All-Night Warrior]: I painstakingly studied volume-price relationships, MACD, KDJ, support levels, and various macroeconomic data, yet my final returns couldn't compare to the saying, "Below 3000 points, there's gold everywhere..."

[The stock market is my first love]: Left-side trading is notoriously high-risk, but Lao Hu is truly outrageous, always managing to buy at the bottom.

[Father of a Bicycle]: I've been learning your mother's volume-price relationship, box patterns, and support levels, but the more I learn, the more mistakes I make. Go buy the dip below 3000 points!

Xu Xiang makes money, but retail investors aren't envious.

Zhang Jianping makes money, but retail investors aren't envious.

Qiu Baoyu makes money, but retail investors aren't envious.

After all, their market manipulation skills are superb, and the first batch of retail investors who followed the price surge often made a fortune.

But what about Hu Xijin?
As soon as the index falls below 3000 points, he will increase his holdings without hesitation!
You asked him why he increased his holdings?
Their answer was quite blunt: below 3000 points, there's gold everywhere; as long as the index dares to fall, they dare to buy!

But it was precisely this "naive" trading style that allowed Hu Xijin to "dominate" the stock market and make a fortune.

However, Hu Xijin, who has successfully bought stocks at rock-bottom prices, seems rather conservative compared to Chow Yun-fat, the spokesperson for Tonghuashun.

At this moment, with his hair styled with wax, slicked back, and dressed in a top-of-the-line suit, Chow Yun-fat, exuding extraordinary charisma, saw the banking sector turn red and, without hesitation, immediately placed a sell order, saying, "Taking profits on the red, clearing out my positions and leaving. I'll wait for another opportunity to buy the dip and go all in."

The manager of Tonghuashun, who was live streaming with him, was even more depressed. He really didn't expect that Chow Yun-fat, who invested 10 yuan in the market, would earn more than 2 yuan in just a few days.

You asked him how he made his money?

Their main strategy is all-in!
The index has fallen to a sideways level; go all in and buy!

The index rises and then consolidates; go all in and sell!

Go all in!

Go all in and sell!

With such bold and unpredictable moves, any profits they make are well-deserved.

Because full-position trading carries extremely high risk, once trapped, the stock could drop by five to ten points at best, and even be delisted at worst.

Compared to Hu Xijin and Zhou Runfa, who relied purely on luck, Li Daxiao, who had raised cattle for half a year, seemed to have a lot of logic.

……

9 points.

The A-share opening auction has ended.

The Shanghai Composite Index opened 0.53% higher at 3015.59 points, while the Shenzhen Component Index opened at 12334.96 points, up 0.33%, with blue-chip stocks leading the opening gains.

The controversy raged all night, and Shancheng Beer, a "market star stock," fell by 7.94%, opening at 41.93 yuan.

Although the stock price did not hit the daily limit down, it was precisely this extreme control over the market that accelerated the spread of panic among retail investors.

[Don't Call Me Da Vinci]: The stock price didn't hit the daily limit down? It seems that Shancheng Beer still has some merit. Fellow shareholders, charge forward! I'll cover your retreat!

[Candied Hawthorn]: Damn it, you're even more of a beast than Fuchun Road. You told us to charge, but you secretly ran away, didn't you?
[Loves to Eat Fragrant Delicacies]: Chongqing Beer will definitely hit the daily limit down when it opens. If it doesn't, I'll eat all the poop in our school's toilets. By the way, my name is Feng Zhangqin, and I'm a sophomore majoring in computer science at Yangcheng University. I welcome the supervision of netizens!

[Riding a 60-year-old man across the road]: You can be Zhang San, you can be Li Si, but you are definitely not Feng Zhangqin. However, I share your opinion: Shancheng Beer opened at the daily limit down.

At this point, retail investors' expectations for the stock price were already heading towards a limit down.

Seeing this, Liao Guopei looked at Zhang Yang and asked, "When do we start accumulating shares? Should we wait for the price to fall to the daily limit and then dump orders?"

"No rush. Xu Xiang truly lives up to his reputation as the leader of the Ningbo Limit-Up Daredevil Team. He actually managed to open with a 7.94% drop, which is more likely to cause panic than a direct limit-down."

Zhang Yang couldn't help but exclaim in admiration.

“Yes.” Lin Guangchang also noticed the clue and chimed in, “If I were a retail investor who was observing, I wouldn’t be in a hurry to sell my shares if the stock opened at the limit down. But if it opened at 7.94%, I would have to rush to sell at the opening, because if the stock price subsequently hit the limit down, I could buy back and do a reverse T to reduce the cost. Even if it didn’t hit the limit down, selling would still meet the psychological expectations of the observing funds.”

"Good job, Yangjia. You've been reviewing things a lot since you got back, and now you speak with such eloquence."

Liao Guopei joked with a smile.

When the "Liu Guan Zhang Gang" was first established, Lin Guangchang's trading mindset was completely out of touch with Liao Guopei and Zhang Yang.

After nearly four months of getting to know each other, his trading mindset has changed dramatically.

Lin Guangchang may not be the most talented speculator, but he is definitely one of the most dedicated and hardworking.

"One is influenced by one's surroundings; one will inevitably learn something from what one sees and hears," Lin Guangchang replied modestly.

Then he looked at Zhang Yang and asked, "When do we make our move?"

"Observe for 10 minutes after the market opens. If it really hits the daily limit down, we will take the opportunity to buy shares. If it goes up directly, we need to compete with Xu Xiang and his group for shares as quickly as possible."

Zhang Yang expressed his thoughts.

Liao Guopei: "OK!"

Lin Guangchang: "Understood."

After quickly devising a plan to accumulate shares, Zhang Yang switched to check the intraday chart of Tiantan Biological and discovered that the other party had actually opened in the green.

What is the bookmaker trying to do?

Zhang Yang murmured to himself.

Are they using high prices to lure retail investors into buying in and taking over the shares?

It's possible.

But it's not the optimal solution.

Generally speaking, the best way to trap retail investors to the maximum extent and get them to come in and become bagholders is to create a double top pattern.

Why is a double-ended design considered the best solution?

Before a double-top trend forms, the chart resembles a second wave trend, which is highly deceptive.

Many retail investors rush to buy when they see a second wave trend, and when the market crashes at this point, they can easily get trapped.

Then another question arises: if the major shareholders of Tiantan Biological were to create a double top, they shouldn't have pushed the price up so quickly. Instead, they should have rapidly sold off, forcing out some retail investors' funds, then allowed the price to consolidate sideways to adjust the market's capital structure, and finally pushed the price up to trap investors.

Zhang Yang couldn't figure out the other party's intentions and could only wait to see how the market would perform at the opening.

Time quickly came to 9:30, and as expected, Shancheng Beer's stock price fell as soon as it opened.

41.82 yuan.

41.76 yuan.

41.55 yuan.

When Shancheng Beer reached around 41.37 yuan, and it seemed the price was about to hit the daily limit down, the stock price experienced a small rebound.

41.58 yuan.

41.77 yuan.

41.89 yuan.

Retail investors, seeing the stock price showing signs of upward movement and preparing to wait for the trend to stabilize, saw the stock price of Shancheng Beer plummet once again.

The repeated fluctuations in stock price are like plucking at the strings of retail investors' hearts, attracting a large number of low-priced shares.

Liao Guopei and Lin Guangchang were both veterans, and they immediately understood Xu Xiang's methods.

"The repeated fluctuations are Xu Xiang and his group trying to lure out trading chips!"

"The trading volume is getting bigger and bigger!"

"We can't wait any longer. They're just trying to lure out shares by repeatedly torturing the stock price, and retail investors fall for that!"

Zhang Yang closed the intraday chart of Tiantan Biological Products and reopened the intraday chart of Shancheng Beer. He immediately made a decision: "Enter with small and medium-sized orders, and try not to let the other party notice."

"no problem!"

"I understand!"

After Liao Guopei and Lin Guangchang responded, they began buying chips.

The stock price fluctuated wildly, like a woman dancing on a knife's edge, each fluctuation triggering emotional swings. Amidst these intense emotional swings, more and more shares of Shancheng Beer were dumped.

In contrast, the A-share market has shown a very strong upward trend since offsetting the negative impact of the Bank of Japan's interest rate meeting.

3034 points.

3042 points.

3056 points.

The rapid surge in A-shares surprised all retail investors; no one expected that heavyweight stocks would suddenly explode.

Upon witnessing this scene, Li Daxiao immediately jumped in to raise cattle.

[Comrades, on this beautiful morning, both the Shanghai Composite Index and the Shenzhen Component Index have seen significant gains. I believe this is a very effective breakout from resistance levels. Furthermore, the 17th National People's Congress clearly stated the need to maintain the continuity and stability of macroeconomic policies and continue implementing proactive fiscal policies and moderately loose monetary policies. This has eliminated the impact of yesterday's Bank of Japan interest rate meeting. The bull market has had enough rest; now it's a joyful bull market. Let's run happily and catch up with its pace!]
The emergence of the "happy bull" rhetoric has further fueled the A-share market.

[Love you so much]: Is this the bottom of the policy? Interesting, all in! All in is a kind of wisdom, give me all in!!!

[Standing Still Fool]: Pfft, bro, have you been brainwashed by Chow Yun-fat? Is all-in a kind of wisdom?
[Who is the White Moonlight]: There's no problem with the policy bottom. They want to drag down our stock market and make us defend the country's market!
Retail investors are eager to get started, believing that 3000 points is the bottom set by policy.

The moment Li Daxiao proclaimed a bull market, Hu Xijin and Zhou Runfa launched a live broadcast and made money at 3000 points, the A-share market's popularity soared.

Unlike the strong rise of the broader market, speculative stocks began to fall one after another, and the market showed signs of rotation. Many funds sensed that the trend was not right and flocked to the index-weighted sectors.

……

As time ticked by, the trading volume of Shancheng Beer reached a new high for yesterday, and trading continues.

Private equity firms, public funds, speculative investors, and the "Liu, Guan, and Zhang gang" are all constantly picking up chips in the market.

As the market closed at 3 p.m., Shancheng Beer's trading volume had more than doubled that of the previous trading day, reaching 630 million yuan. It finally closed at 43.61 yuan, a drop of 4.3%.

The following day, Friday, September 18th, private equity firms, public funds, speculative investors, and the "Liu Guan Zhang gang" continued to "orderly" accumulate shares in Shancheng Beer, washing out a large number of retail investors. The stock price fell another 1.3%, closing at 43.05 yuan.

As for the major shareholders of Tiantan Biological Products, after pushing up the price with a positive candlestick, they completely stopped manipulating the market at the end of the day, dumping all their shares on retail investors. The stock fell 10% that day, closing at 25.95 yuan.

Zhang Yang, Liao Guopei, and Lin Guangchang did not rush to get involved in Tiantan Biological Products, because they all knew that the major shareholders had already sold off their shares. Without major shareholders, the stock price would continue to decline for a period of time. They could take this opportunity to wait for the bottom to appear.

On Friday, the Shanghai Composite Index fell 3.19% to close at 2962.67 points, while the Shenzhen Component Index also fell sharply by 3.98% to close at 11977.4.

As the market index fell below 3000 points again, Hu Xijin once again blindly increased his holdings, while Chow Yun-fat went all in with his available funds. Both of them felt that there was gold everywhere below 3000 points.

(End of this chapter)