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

Chapter 249 Zhang Yang's fate is sealed; another gamble on settlement day.

On the evening of October 27th, with only one trading day left before the settlement on the 28th, Song Zijun, vice president of Chaos Investment, increased his investment in online public opinion, and many well-known public fund researchers also joined in to cooperate.

Major positive news! Chongqing Beer expects Q3 earnings growth, and the regional leader is poised to become the national leader!

Qingdao Beer and Snow Beer held an overnight meeting to discuss the potential disruptive growth of Chongqing Beer, which could potentially reshape the beer industry landscape!

"Sales markets in many parts of Southwest China have been secured, and experts predict that the annual sales volume of Chongqing Beer may increase by 64%!"

A flood of positive news, including from mainstream financial media outlets, led countless retail investors to unknowingly add Chongqing Beer to their watchlist.

Media "brainwashing" is only the first step; the second step is online trolls, who flood the comment sections of various positive news articles, luring retail investors to buy in.

[Meow Meow]: I'm a local from Chongqing. I only drink Chongqing beer. We only drink Chongqing beer when we eat barbecue. I'm not surprised at all by its sales growth.

[The Night is Beautiful]: I'm from Guizhou. Snow Beer and Qingdao Beer are nowhere to be found on our tables. For barbecues, skewers, and gatherings with friends, we drink Shancheng Beer.

[The Unromantic Little Pig]: The stock price of Shancheng Beer has fallen, and I suspect it's been manipulated by capital. So I decisively bought in when it was 40 yuan, and now I'm making a profit of about 9 yuan per share. Thanks to the short sellers, I've achieved travel freedom this year, haha.

[Poverty Alleviation Youth]: Image.jpg, I bought in at 33 yuan, and now I have a 70% return. I am grateful to the major players for giving me the opportunity to achieve financial freedom.

[Loves smoking Furongwang cigarettes]: I didn't dare to buy at the bottom. I regretted it after seeing the recent positive news. You really can't make money beyond what you know.

Thanks to the persistent and relentless online offensive by the behind-the-scenes manipulators, some retail investors have reached a consensus on the stock price of Shancheng Beer, and this consensus will create new value.

Are stocks valuable?
The stocks themselves are actually worthless!

For example, stocks delisted from the Third Board trading platform will instantly lose 90% or more in value, and they will become worthless.

What's truly valuable is the collective consensus behind the stock market.

For example, in the realm of stamp collecting, a Qing Dynasty dragon stamp can be worth seven figures, far exceeding the intrinsic value of the stamp itself. Behind such a high premium lies the strong recognition and appreciation of a particular group.

Just as the behind-the-scenes manipulators were pushing retail investors into the abyss, another behind-the-scenes manipulator began to make its move.

Zhang Yang directly used the Joker account to publish a post titled "Analysis of the Future Trend of Recently Falling Speculative Stocks" on his speculative trading channel, which mentioned Shancheng Beer.

After hitting 16.31 yuan on August 19th, Shancheng Beer embarked on a massive upward trend, reaching a high of 79 yuan. The catalyst was a market research report released by Wang Xi, a researcher at Industrial Securities, which clearly pointed out using the sum-of-the-parts valuation method that Shancheng Beer's beer business was valued at 10 yuan per share, its vaccine business at 22 yuan per share, and its overall target price at 32 yuan, indicating that the stock price was clearly overhyped.

The synthetic peptide hepatitis B vaccine has now been confirmed as fake. Stripping away its value of 22 yuan per share, and assuming a threefold increase in the beer business (for example only), the corresponding share price would only be around 30 yuan. Currently, it clearly hasn't returned to a normal share price range; therefore, investment should be approached with caution, and speculative trading should be avoided.
Zhang Yang's post also mentioned Haitong Foods. Currently, this stock has been taken over by Asking's Qiu Baoyu, and the stock price is fluctuating repeatedly between 10 and 12 yuan. It is clear that he is reducing the cost of holding the stock by doing T+0 trading, and is preparing for the second round of main upward wave.

Although he could tell that the other party was preparing for a major upward wave, Zhang Yang had no intention of getting involved because there were too many uncertainties in the sideways movement, and he didn't have any chips in hand, so it wouldn't be worthwhile to force a price increase.

Most importantly, Haitong Foods' CEO Chen Hailong is still "struggling," with rumors circulating online that he has mortgaged his car and house in an attempt to weather the economic downturn and the impact of the melamine scandal.

Haitong Foods was originally a stock driven by speculation about a backdoor listing. With the resumption of IPOs, "shell companies" have become less valuable. It's really hard to say when Yijing Optoelectronics will be listed.

a year?
Two years?

It's really hard to say!
Zhang Yang didn't have the patience to wait that long. He was a short-term trader, and there were many potential stocks in the A-share market waiting for him to discover. He didn't want to go back to reap the benefits from Haitong Foods.

After Zhang Yang predicted a maximum share price of 30 yuan, assuming a three-fold increase in the beer business, Shancheng Beer quickly became a hot topic on Caiyan.com.

[Bad people doing bad things]: Anyone who buys Shancheng Beer is an idiot. It's almost November and they still haven't released their Q11 report. I seriously suspect they're just waiting for retail investors to buy in before they release it.

[Heaven rewards diligence]: This is hilarious. Any seasoned stock market investor could see it immediately. These past few days have been a self-rescue attempt by the major players. After the hepatitis B vaccine hype was exposed as a hoax, they're now hyping up beer expectations. Hahaha!
[Youthful years are gone]: A local from Chongqing shares his experience: My family drinks Snow Beer and Qingdao Beer. The quality of Chongqing Beer has declined significantly in recent years. It tastes like water and has no alcohol flavor at all.

[Bow your head and your crown will fall off]: Damn, thanks to Joker for the post. I'm selling my Shancheng Beer shares tomorrow. I thought it was the main upward trend, but it turns out it was the main players trying to save themselves.

[Small Investor]: The core hype factor is gone. They're forcibly trying to save themselves by hyping up the growth of their beer business. Only new investors would believe this. I don't even need to look at it. This kind of garbage stock is a no-go!

The sudden surge of negative public opinion brought Ge Weidong, who was studying a "foreign language" in the hotel, to a halt. Holding the phone, he questioned, "What? Zhang Yang posted online and caused this negative public opinion?"

"Yes, Dong-ge, Zhang Yang posted a thread titled 'Analysis of the Future Trends of Recently Falling Speculative Stocks' using his Joker account, which mentioned Shancheng Beer."

Song Zijun's tone was somewhat urgent.

They had finally managed to gather enough buyers to support them, and it seemed like retail investors were about to be pushed into the abyss one by one. Now, Zhang Yang's sudden appearance to disrupt things was truly unexpected.

In less than three seconds, Ge Weidong realized the key point of the problem and said, "The key point now is not retail investors, but institutional investors. If institutional investors rush in first, we will end up spending money and effort, and we will be the ones who suffer the most losses."

Because he had already revealed the situation to other institutions, Chaos Investment and Mr. J signed a performance-based loan agreement with a fixed price of 62.43 yuan.

It was precisely because of the existence of the "Securities Lending Agreement" that Ge Weidong was the main force in public opinion and stock price increases during this period. Other public and private funds did not contribute much; they were merely creating momentum and agreeing to sell off their shares after the 28th.

But as the buying pressure dwindles, who can guarantee that other institutions won't dump their shares?
Human nature cannot withstand the test; if anyone tries to go against human nature, the outcome will surely be a complete loss.

"Then what do we do now?"

Song Zijun seemed somewhat at a loss. Although he was the second-in-command at Chaos Investment, he clearly lacked experience in handling unexpected events.

"I will handle it. What you need to do is to calm public opinion as much as possible."

"understood."

"Okay, hang up."

"Dong-ge, let's talk later."

Ge Weidong immediately hung up the phone and whispered, "The most urgent task right now is to ensure that other institutions don't dump their shares."

"Come on!" Seeing Ge Weidong hang up the phone, the foreign teacher tried to get him to continue in fluent English, but Ge Weidong had no interest in learning anymore. He hurriedly paid the bill and left the hotel suite.

……

And on the other side.

Wulixiang Private Kitchen.

Xu Xiang, who was having dinner with private equity clients, also received a call from Ma Xinqi. After understanding the whole story, he immediately exclaimed, "Sure enough, the ace, the Joker, he finally couldn't hold back anymore!"

Should we throw it?

Ma Xinqi inquired.

“If we sell now, it will be difficult to explain to Ge Weidong. Retail investors have short memories, so at worst, the market will consolidate for six months.”

Xu Xiang offered his opinion.

“Okay, then you go have dinner with the client first. I’ll contact Ge Weidong and reassure him,” Ma Xinqi replied.

"Yes, notify the other organizations as well, and don't forget to tell Da Xu Guodong and the others."

"knew."

"Okay, that's all for now. I'm hanging up."

As the phone call ended, Xu Xiang, standing at the door of the private room, flashed a sharp glint in his eyes. The current development of the plot was exactly as he had guessed; the mysterious poker organization did indeed exist.

"Joker, Zhang Yang; Poker 3, Tao Yuang; Poker A, Qiu Baoyu; who exactly is Mr. J? And who is Fuchun Road? Also, are there suit distinctions among the members of the poker organization?"

Xu Xiang murmured to himself.

In his mind, the members of this mysterious organization were even more mysterious than the members of organizations such as the Taishan Club and the Chaoshan Chamber of Commerce.

This round of losses is so large. Although time can help stop the losses, the time cost is enormous. He doesn't want to let go of the mysterious poker organization; he wants to investigate it thoroughly.

"It seems I'll have to go see Tao Yuang."

Xu Xiang thought of "Poker 3".

If they can continue to uncover explosive information, they might be able to unveil the mystery of this organization.

However, what Xu Xiang didn't know was that the key to uncovering the secret poker organization he had gone to great lengths to uncover was already in his email.

(The first snow of 2002)
(Arrived a little later than usual)
The sudden ringing of his cell phone interrupted Xu Xiang's thoughts. He looked at the phone screen and saw that it was a call from Ge Weidong.

"Are you in such a hurry?"

Xu Xiang smiled faintly.

What kind of whip doesn't hurt when it hits someone?
The answer is the whip that strikes others!

Xu Xiang did not sign a loan agreement with "Mr. J". Seeing the reversal of public opinion online, he was not really affected. He was more concerned about Zhang Yang and his mysterious poker organization behind the scenes.

However, considering that Ge Weidong still had to fight alongside him in China Unicom, he did not go to extremes and chose to play it safe.

Ge Weidong not only called Xu Xiang, but also all the institutions holding shares in Shancheng Beer.

He allows institutions to sell off their shares, but not secretly.

If it's a legitimate and open investment, the relevant departments at Chaos Investment can roughly calculate the amount of capital they can absorb and make adequate preparations.

As the saying goes, it's easy to dodge a spear in the open, but hard to guard against an arrow in the dark; this is what Ge Weidong fears most.

Fortunately, the institutions have united as one. Managers such as Xu Xiang, He Zhen, and Chang Shishan have all made it clear that they will not sell off their holdings. At worst, they can extend the time frame and eventually sell off their holdings to retail investors, letting them bear the losses from the speculation.

...The following day, October 28th, was the settlement day.

Perhaps because of the strong performance last night, Shancheng Beer, which closed at 48.66 yuan on the 27th, fell immediately after opening and continued to decline to the 45 yuan range before starting to trade sideways.

As for the A-share market, after experiencing a sharp drop of 2.83% yesterday, it has completely entered the sentiment of defending the 3000-point level.

27号的大跌也有原因，就是7月央行通过重启1年期央票回收流动性，并在10月首次实现净回笼1560亿元华国币。

This move ended two consecutive months of net injections, and the market began to realize that the loose monetary policy might be gradually phased out.

In addition, the 7-day repo rate in the interbank market has risen from 1.5% in early August to 1.84%, exacerbating expectations of tight liquidity.

Of course, the sudden plunge in A-shares is largely inseparable from the banking sector.

On October 27th, which was yesterday, 236 billion shares of ICBC's initial public offering (IPO) shares held by original shareholders were released from lock-up, with a market value of 1.23 trillion yuan, accounting for 5% of the total market value of A-shares.

This is the largest single unlocking of restricted shares in A-share history, and the unlocked shares are held by the Ministry of Finance and Central Huijin Investment Ltd., causing market concerns about the "national team" reducing its holdings to spread rapidly.

Even though Huijin repeatedly emphasized increasing its holdings, the scale of the shares released from lock-up far exceeded the market's absorption capacity, directly causing the banking sector to plummet by 4.2% that day, dragging down the Shanghai Composite Index.

After yesterday's decline, the banking sector's losses narrowed somewhat today, but it still showed a downward trend. Industrial and Commercial Bank of China (ICBC) has fallen by 1.21% and is currently trading at 4.99 yuan.

The banking sector faced negative news, but the government funds weren't foolish enough to switch to another sector to boost the index, which saw the Shanghai Composite Index repeatedly fluctuate around 3000 points.

[Conan's Shadow]: The battle to defend the 3000-point mark has begun again. Damn it, who is dumping the market?
[Want to French Kiss Bear Grylls]: ICBC has too many shares being released from lock-up this time. Although they are all held by the national team, there is still a risk of them being sold.

[Tangtang Doesn't Eat]: Can anyone tell me which stocks I should buy to make money? I've been in the market for six months and lost 60,000 yuan. If I keep losing, you'll find me in the alleys of urban villages.

[Bathing Emperor]: If you're pretty, go work at a bathhouse. I just got paid for a construction project, so I'm bringing some brothers to take care of you.

The battle to defend the 3000-point mark is agonizing. It's like the 50-point threshold for the manufacturing PMI index, which indicates contraction if it's below 50 and expansion if it's above 50. For a bull market to occur, the A-share index must be above 3000 points.

The battle to defend the 3000-point mark presented a perfect opportunity to boost his profile, and "bull market expert" Li Daxiao naturally wouldn't miss it. He released his first video at 10:00 AM, encouraging retail investors to remain bullish on the Chinese stock market. He then released his second video at noon, followed by his third bull market video at 2:00 PM.

In the third video, his face was flushed, as if he was a little excited, with a classic faint smile on his lips. On one side of the table, there was a red cow plush toy.

[As of 1:43 PM, comrades, the Shanghai Composite Index remains strong, holding above 3000 points! Embrace 3000 points! I can already smell the faint scent of a mini bull market. A new round of gains is not far off. Don't sell your shares before dawn! Let's unite and fight the bears at 3000 points! Everyone has a stake! Follow Teacher Da Xiao and charge! For this bull market, let's go!!]
Inspired by Li Daxiao's video, market funds launched a new offensive, and retail investors also began to respond enthusiastically.

[Kongshan Coffee Shop]: Damn it, bring on the bayonets! We've been struggling around 3000 points for so long, I refuse to believe it can fall any further. Get it to 4000 points!!

[Love You Ten Thousand Years]: We're not afraid of the market dropping from 6000 points to 1600 points. A mere 3000 points won't stop us. Family, charge!

[The most painful memories]: Everyone, charge! I'm running away first, hehe!

[Unromantic]: People who are afraid of heights are destined to be poor their whole lives, and besides, this is just the bottom, definitely the bottom of the crotch!

While retail investors rushed in, Zhang Yang, far away in Zhangjiang and Changtai, was analyzing the current A-share market for the "three small-cap stocks".

"Yesterday, 2360 billion shares of ICBC's initial public offering (IPO) shares held by original shareholders were released from lock-up, with a market value of 1.23 trillion yuan, accounting for 5% of the total market value of A-shares. Although it was clarified that there would be no reduction in holdings, as a precaution, a group of risk-averse funds will withdraw. In addition, 28 companies listed on the ChiNext board have already launched their IPOs, absorbing a large amount of market liquidity, which has put short-term pressure on the stock market. However, in the long run, if the authorities want the ChiNext board to operate smoothly, they need to correct the recent market sentiment."

No sooner had he finished speaking than Feng Weiqiang immediately chimed in, "Wouldn't that be a great time to buy at the bottom?"

"definitely."

Before Zhang Yang could speak, Liao Guopei offered his opinion: "Sometimes, you have to think in reverse and not be rigid. You have to buy when there is disagreement and sell when there is consensus."

"Isn't it said that consensus creates value? Isn't it a bit contradictory to buy based on disagreement and sell based on consensus?" Zeng Lingshan asked, puzzled.

"There is no conflict. Value can be generated when a portion of the funds recognize it. You can only buy when there is a divergence of funds within the stock and the hype point has a premium. You can't get many shares by just chasing the limit up. And when there is a consensus on selling, that is when the market is most bustling."

Liao Guopei shared his perspective.

"Yes."

Lin Guangchang nodded and continued, "The more consistent the agreement, the more dangerous it is. The most important criterion for speculative capital to sell off their holdings is the ability to absorb the losses."

"take note of it."

Zeng Lingshan recorded Liao Guopei and Lin Guangchang's words in a document. He knew that his talent was not as good as Chen Xiaoqun and Feng Weiqiang, but since it was a do-or-die battle, he could only catch up with sweat.

Zhang Yang has witnessed Zeng Lingshan's hard work and Feng Weiqiang and Chen Xiaoqun's talent over the past three days. He predicts that in less than half a month, the "three little ones" will be able to stand on their own.

"It's gone up."

Suddenly, Lin Guangchang spoke up to remind him.

All of a sudden.

All eyes were on him.

"Shancheng Beer is surging, it feels like they're trying to steal the last few seconds of sales!" Lin Guangchang whispered.

"It's obvious without even thinking that we still have 3000 million shares invested. If they hit the daily limit up, we can save hundreds of millions of yuan in losses."

Liao Guopei said calmly.

A single limit-up move is worth hundreds of millions; if you don't manipulate the closing price, it's not an institutional tactic.

Zhang Yang was not surprised and calculated: "It's normal to steal at the end of the trading day. The limit-up price of 48.66 yuan is 53.53 yuan in Chinese currency. The difference of one limit-up is 4.87 yuan, which is worth 1.461 million yuan."

"Did 1.461 million go missing?"

Chen Xiaoqun swallowed.

One hundred million!

Hundreds of millions of Chinese Yuan!
Not Happy Beans or Zimbabwean Dollars!
Despite losing 1.461 million Chinese yuan in unrealized profits, Zhang Yang remained remarkably calm. Chen Xiaoqun had to admire his older brother's composure; it was even tougher than Iron Man's energy heart!

Feng Weiqiang revealed his envy, muttering to himself, "They're so calm with hundreds of millions of yuan. I wonder when I'll be able to become a top-tier speculative investor."

On the other side, Zeng Lingshan secretly vowed and said in a deep voice, "I will work hard and hope to keep up with the boss's pace."

……

The A-share market closed at 3 p.m.

The Shanghai Composite Index closed at 3031.33 points, up 0.33%, with a trading volume of 1141 billion yuan, a decrease of 300 billion yuan compared to the previous trading day.

The Shenzhen Component Index also closed higher, up 0.75%, at 12505.33, with a trading volume of 733 billion yuan.

As for Shancheng Beer, it hit the daily limit as expected, closing at 53.53 yuan. Since it was a late-day surge, the trading volume wasn't too high, but if nothing unexpected happens, there will be pressure on funds during tomorrow's opening auction.

"53.53 yuan, time to collect payment." Zhang Yang glanced at the closing price of Shancheng Beer, then looked at Liao Guopei and said, "Give me your phone, I need to call Song Zijun and remind them."

The loan agreement already clearly states the receiving account number, so Liao Guopei doesn't need to go through the process again; a phone call to confirm is sufficient.

"I definitely need to remind you."

Liao Guopei took out his phone, found Song Zijun's contact number, dialed it, and handed the phone to Zhang Yang.

"Dududu-"

After a brief busy signal, the call connected.

"Hello, please speak." Song Zijun saw that it was Liao Guopei calling, and while answering the phone, he ran towards Ge Weidong's office.

Zhang Yang, keeping a low voice, said, "President Song, the agreed 30-day settlement date has arrived. I'm just calling to let you know. The price is 53.53 yuan, and the price difference per share is 8.9 yuan. Multiplying that by 30 million shares, it's 2.67 million Chinese yuan. The 18.729 billion Chinese yuan will incur a 5% annualized brokerage fee, which is 3000 yuan per day, and 765.9 million yuan in 25.53 days. Our profit is 2.59341 million yuan, and we still have 8000 million yuan in margin. We'll contact Dacheng Law Firm later to transfer 3.39341 million Chinese yuan from the escrow account. Do you have any objections?"

"no disagreement."

The speaker was not Song Zijun, but "Eastern Heretic" Ge Weidong.

Upon hearing that the person had changed, Zhang Yang greeted him with a faint smile, "President Ge, how have you been?"

"Mr. J, how have you been?" Ge Weidong replied, then said in a deep voice, "Mr. J, you have some impressive skills. You set a trap and made me lose over 100 million yuan. In all my years of investing, this is the first time I've ever lost over 100 million yuan."

"Once we're at the table, it's all about skill," Zhang Yang said calmly and respectfully.

“That’s true. It’s all about skill. I did lose this time.” Ge Weidong wasn’t a sore loser, but he didn’t want to lose without a clear explanation, so he asked, “Is Mr. J of Chinese descent?”

"If Mr. Ge wants, I could even be a Black person," Zhang Yang said half-jokingly, clearly not wanting to reveal his identity.

"Hahaha, okay, I lost. You can contact Dacheng Law Firm."

Ge Weidong understood the implication and stopped trying to find out Zhang Yang's identity.

Since the money is in a regulated account, there's no way to renege on it, so it's better to just hand it over readily and appear carefree.

"President Ge, you have a truly grand vision. I admire you." Zhang Yang praised him first, then suddenly changed the subject, saying, "By the way, President Ge, you must have accumulated quite a few China Unicom shares recently, right? Interested in gambling again?"

Ge Weidong: "???!!!"

(End of this chapter)