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

Chapter 273 Taking an inch and wanting a mile, blue-chip stocks worth hundreds of billions plummet to their daily limit.

At 9:15 a.m., the two major A-share indices, which had been stationary, began to fluctuate.

As the "stabilizing force" of the A-share market, the banking sector immediately attracted the attention of all retail investors, speculative funds, and institutions.

Industrial and Commercial Bank of China (ICBC) is currently trading at 5.34 yuan, up 0%, unchanged from the previous trading day's closing price.

Hua Guo Bank is currently trading at HK$4.19, up 0%, unchanged from the previous trading day's closing price.

Agricultural Bank of China and China Construction Bank both saw increases, but the increase was only 0.01 yuan, which had a negligible impact.

However, it is worth mentioning that apart from the four major state-owned banks which maintained steady progress, other banks all showed a downward trend.

For example, China Merchants Bank, Huaxia Bank, Shanghai Pudong Development Bank, and Bank of Communications, among which China Merchants Bank saw the largest decline, falling by 0.37% to a current price of 18.61 yuan.

Besides the banking sector, the securities sector, as a "bull market leader," also determines the daily rise and fall.

Huaxin Securities is currently trading at 28.89 yuan, up 0.87% from yesterday's close of 28.64 yuan. Guangfa Securities, Guojin Securities, Northeast Securities, and other brokerage stocks also saw widespread gains, reflecting the market's strong confidence in the "nine-day winning streak."

As for Guizhou Moutai, the leading consumer stock by market capitalization, Huaguo Shenhua, the leading coal stock by market capitalization, and Vanke A, the leading real estate stock by market capitalization, their performances diverged, with varying degrees of increase and decrease.

Upon witnessing this scene, Li Daxiao did not hesitate and immediately recorded a video about raising cattle.

[The eight-day winning streak is over, comrades! In this extravagant Double 11, the "Nine Yang Divine Skill Bull" is coming! Let's welcome it with the warmest applause and the most enthusiastic welcome. With the bull market mastering the Nine Yang Divine Skill, breaking through 4000 points is just around the corner!]
From October 30th to November 10th, the Shanghai Composite Index and the Shenzhen Component Index have achieved eight consecutive days of gains, with the index rising from 2960.47 to the current 3178.61 points.

Although the opening price on November 11 has not yet been determined, Li Daxiao believes that as long as the banking and securities sectors do not sell off, there is a high probability that the market will close higher or open in positive territory today.

The video was released at 9:23 AM, and it immediately caused a sensation among retail investors.

[Don't throw a tantrum]: Nine Yang Divine Skill, can the Nine Yang Divine Skill really be mastered? Teacher Da Xiao, I'm not well-educated, don't try to fool me!

[Buai No Damage]: The four major banks didn't crash the market, comrades, comrades, fix bayonets and fight the "Nine Yang Divine Skill Bull"!
[Destined to be alone in this life]: I have a feeling that this round of A-share market bottoming out will bring the index back to at least 5000 points. I'm making this prediction!

[King of Slaps]: 5000 points is too low. I consulted a fortune teller, and she said that the A-share market can reach 28000 points, and all retail investors can make a fortune!
[Love You Without Time Difference]: These stupid netizens are really good at bragging. 28000 points. If it can reach 28000 points, I will eat shit on live stream. My name is Yang Jie, a third-year student majoring in economics and management at Yangcheng University. I'm putting my words on the table today!
Amidst the heated discussions among retail investors, Hu Xijin and Zhou Runfa, who had fully benefited from the "newbie bonus period," also shared their views in the live stream.

[Hu Xijin]: Nine consecutive days of gains is a good sign. If it can really be achieved, I think the A-share market will have a good main upward wave. I have already put 60% of my portfolio in.

[Chow Yun-fat]: What? Still hesitating? I was already fully invested when the index was at 2700 points. Going all in is a kind of wisdom, friends.

In the stock market, there are only zeros and countless attempts. After Hu Xijin and Zhou Runfa made hundreds of thousands and millions in the stock market, they became obsessed with this game of capital speculation.

Anyone who has benefited from "newbie perks" knows that no matter how much money you make in the early stages, you'll lose it all later and get stuck with a bad investment.

This is just like running a casino. They're not afraid of gamblers making money; in fact, they'd love for gamblers to make a lot of money, as it would be free publicity for them. No matter how much a gambler earns, as long as they frequent the casino, the carefully designed game of probability will eventually empty their pockets.

Unlike retail investors who were hoping for a "nine-day winning streak," retail investors in China Unicom have already engaged in a stampede-like exodus. Panic is spreading like a plague under the guidance of China Unicom's Hong Kong-listed shares.

6.74 yuan.

6.66 yuan.

6.58 yuan.

As of 9:24 AM, China Unicom's stock price had fallen below 6.6 yuan, a drop of 8.1%, closely following the decline of China Unicom's Hong Kong-listed shares.

A large number of retail investors who believe in value investing are completely blank at this moment; they have no idea what has happened.

[Descendant of Farmers]: What happened? What exactly happened? Why did China Unicom's stock price drop so much?
[This Love Can Only Be Remembered]: Murder? Arson? The end of the world? Or aliens have attacked? I remember I bought blue-chip stocks, even billion-dollar blue-chip stocks, and now they've dropped 8% all of a sudden. I'm completely stunned.

[Ning Jing Zhi Yuan]: As a value investor of blue-chip stocks, I never expected that a stock worth hundreds of billions could fall like this. Does the A-share market have any shame?

An 8% drop may not seem like much, but what if a stock has a market capitalization of hundreds of billions?
Both A-shares and Hong Kong stocks fell by more than 8%, and the total market value of 4000 billion yuan evaporated by more than 300 billion yuan.

Now, not only retail investors, but even the leaders of the China Securities Regulatory Commission, Central Huijin Investment Ltd., and China Securities Finance Corporation are surprised. The magnitude of the drop makes people think that another global economic crisis has struck.

Chen Xiaoqun, the mastermind behind the scenes, excitedly shouted, "8%! China Unicom has fallen by 8%! This is unbelievable! It's a blue-chip stock!!"

"Ma Yun's Double 11 discounts are too ruthless, haha, she even went so far as to offer discounts on China Unicom's stock," Feng Weiqiang joked.

"Boss's judgment on the trend is amazing. The Chinese version of the iPhone 3GS is really garbage." Zeng Lingshan also smiled.

No one expected that the iPhone 3GS, which had been tested in markets such as Europe, the United States, Japan, South Korea, Hong Kong and Taiwan, would suffer a major setback in mainland China and be thoroughly exposed by Taobao's Double 11 shopping festival.

Looking at Huaguo Unicom, which was stuck at 6.57 yuan, Liao Guopei couldn't help but sigh, "I really didn't expect that a blue-chip stock like Huaguo Unicom, worth hundreds of billions, would drop so much in a single day."

"We're going to make a fortune this time, haha," Lin Guangchang laughed.

Listening to his brothers' excited conversation, Zhang Yang just smiled faintly and commanded, "Alright, China Unicom is a done deal. Next is Haitong Foods' counterattack. After 9:30, push the stock price directly to the daily limit and see how willing Asking and retail investors are to buy."

"OK!"

"Roger that!"

"understand!"

Everyone quickly composed themselves and switched the time-sharing page to Haitong Foods.

As of 9:25 a.m., when the opening auction ended, Haitong Foods' stock price was 11.01 yuan, down 0.14 yuan from the previous trading day's closing price of 11.15 yuan, a decrease of 1.33%.

On the other hand, the Shanghai Composite Index and the Shenzhen Component Index both fell slightly. The former opened at 3176.31 points, down 0.07%, and the latter opened at 13138.89, down 0.1%.

……

Fujian Province, Fucheng.

Minfu Brotherhood Office Building.

With his legs crossed and picking at the white grime on his toenails, Qiu Gaocai said with some confusion and surprise, "That beast on Fuchun Road didn't cause any trouble. That's not scientific."

After six months of market fluctuations, everyone in the A-share market knows that "Fuchun Road" favors the 924 timeframe.

In order to formulate a response strategy as soon as possible, more than a dozen speculative investors from the Minfu Brotherhood, including Asking Qiu Baoyu, held their breath and waited for a full 5 minutes. In the end, nothing happened, and the stock price even dropped by 1.33%.

"Something's definitely not right. Could it be that Fuchun Road is just waiting for us to pull us over?"

"Wow, that's outrageous! They bought over 2 million chips and just waited for us to pump them up. How can there be such despicable, shameless, and vile people? I'll fucking kill them!"

"If Fuchun Road wasn't full of beasts, it wouldn't be Fuchun Road. Now we're in a dilemma, should we still do this?!"

"I suggest we don't do it, because if we sell our chips, he might launch a sneak attack. That guy is no human."

"So we're stuck here?"

"There's nothing we can do about it."

The group of Fujian investors sighed in dismay, as the sudden purchase of 2 million yuan worth of chips by "Fuchun Road" put them in a very passive position.

Is it about investing to drive up the price?
They're afraid of being dumped.

Is it a sell-off and pullback?
They are also afraid of being oversubscribed and having their shares absorbed by the major shareholders.

When everyone was undecided, someone looked at Qiu Baoyu and asked, "Brother Yu, what should we do now? We're stuck on Fuchun Road and can't move."

"The plate is too small; for now, we can only remain unchanged and deal with all changes as they come," Qiu Baoyu said in a deep voice.

He also wanted to dump the shares, but Haitong Foods' market capitalization was too small, only a few billion yuan. If they dumped the shares, the other party could easily take advantage of the situation to buy the stock.

Only by understanding the intentions behind "Fuchun Road" can we find the right solution.

(Love is like a gust of wind)

(After blowing it, leave)

As Jay Chou's song "Tornado" played, Qiu Baoyu casually pulled out his Nokia from his pocket to check the caller ID.

"Xu Xiang?"

He thought of something and pressed the answer button, saying, "Hello, Chief."

"We've already figured out Mr. J's identity, God A. Guess who it is?" Xu Xiang kept everyone in suspense, while also wanting to know Qiu Baoyu's attitude.

"I can't guess this, stop keeping me in suspense, Master. That guy has crushed China Unicom, and I still have 2 million Chinese yuan left to play." Qiu Baoyu said helplessly.

“Mr. J and Fuchun Road are the same person. We were all wrong before. From beginning to end, the mastermind behind the scenes has always been Zhang Yang, the boss of Caiyan.com.” Xu Xiang revealed the answer.

"Mr. J or Zhang Yang?"

"No way, Zhang Yang?"

"what's the situation?"

"Is Zhang Yang that Mr. J?"

At this moment, not only Qiu Baoyu, but also other Fujian-based speculators showed surprise.

Yesterday, during the intelligence reconciliation, they learned that Fuchun Road was an organization with Zhang Yang among its members. However, Qiu Baoyu, Qiu Gaocai, and others did not expect that Mr. J was actually Zhang Yang.

If Xu Xiang hadn't said anything, who would have thought that the person who went to Hong Kong to open up put options worth billions was actually Zhang Yang, the boss of Caiyan.com?

After a long silence, Qiu Baoyu said in a deep voice, "So, Zhang Yang has at least several billion yuan in available funds?"

"A conservative estimate is 30 billion."

Xu Xiang responded.

He added, "Zhang Yang's actions have reached the point of being outrageous and abhorrent. If there is a chance for revenge in the future, I hope we can form an alliance."

“No problem.” Qiu Baoyu agreed without hesitation.

Based on Haitong Foods' sudden retaliation, he could no longer forgive Zhang Yang.

They had painstakingly managed to keep the price range flat for two months, and it looked like the cost price was about to drop below 10 yuan, but then Zhang Yang came along and completely messed up their results.

It felt like pursuing a goddess for two months, only to have her taken to a hotel by someone else the moment they met her, while Qiu Baoyu, Qiu Gaocai, and the others could only helplessly shout "What the hell!"

"Alright, it's a deal. If we get the chance, we'll make Zhang Yang pay a heavy price."

"OK."

The two hit it off.

After hanging up the phone, Xu Xiang called Wang Yawei, Chang Shishan, Zhao Danyang, and others to expose Zhang Yang's true colors.

When Zhao Danyang, the top private equity investor, learned that his counterparty was Zhang Yang, he was shocked and muttered to himself, "I didn't expect it to be him."

“Fuchun Road, Mr. J, and the Joker are all him. He plays all the roles, good guys and bad guys. I hope that in the future there will be an opportunity to kick someone when they're down, so we can unite as one.”

Xu Xiang still rallied his allies; he was genuinely angered by Zhang Yang's outburst.

I thought this year was a year of bad luck, but it turns out it was Zhang Yang causing trouble. From Rhine Biologics to China Unicom, it's always been this man.

"The capable get more rewards, but I'll think about offending people."

Zhao Danyang didn't act impulsively. Although he had lost over 100 million this time, it was all money from his private equity clients. As long as he retained his title as the "King of Private Equity," he wouldn't have to worry about finding investors. Xu Xiang also sensed the other party's polite refusal and didn't press the issue, saying, "Okay, you can think about it first. I have something to do, so I'll hang up now."

"Talk to you later."

"Goodbye."

The moment Xu Xiang hung up the phone, Haitong Foods' stock price showed unusual activity.

[Stock Anomaly Alert]: Haitong Foods saw a super buy order of 1000 million yuan.

[Stock Anomaly Alert]: Haitong Foods saw a super buy order of 1000 million yuan.

[Stock Anomaly Alert]: Haitong Foods saw a super buy order of 1000 million yuan.

Since the vast majority of the shares are concentrated in the hands of Asking Qiu Baoyu, just three super buy orders of 1000 million each have already pushed Haitong Foods' stock price to the daily limit, currently trading at 12.27 yuan.

"Brother Yu, the stock has hit its daily limit!"

"What a beast! Fuchun Road is a real beast! Two consecutive limit-up days! Is this really the Joker I know?"

"What does he want to do?"

"There are no buyers yet, and he's already pushing the price to the daily limit? He must be crazy!"

"This person is just causing trouble!!!"

Even Qiu Gaocai couldn't hold back any longer. He stood up and angrily shouted, "1. There's no good news. 2. There's no change of trading account. Fuchun Road, no, is Zhang Yang brain-dead? What good does this kind of trading do for him?"

Why do speculative investors need to look at news?

Is it based on news-driven stock trading?
Not!
Speculative capital looks at news only to confirm the entry of retail investors. Only when retail investors enter the market one after another can a supporting position be formed.

Without any positive news, if it's just a matter of pushing prices up, who knows if retail investors will buy in?

Haitong Foods' two consecutive limit-up days are simply a "dry run" without any positive news, and retail investors don't believe in it at all.

Buy at level 1, 766 lots.

Buy at level 2, 941 lots.

Buy at level 3, 1142 lots.

The top three buyers had a total of 2849 lots in orders, amounting to 349.57 million.

With less than 350 million in buy orders, even the slightest fluctuation could cause the stock to crash, demonstrating just how weak the buy orders are.

"That's not right!" Qiu Baoyu looked at the buy orders on the intraday chart and suddenly thought of a possibility. He said in a deep voice, "He wants us to take over, to make us the ones taking over the orders."

Even if there are no retail investors buying in, the buying in by institutional investors is still considered buying.

Upon hearing this, Qiu Gaocai immediately cursed, "I'll fucking beat him up! No way! I have to go to Shanghai and give him a good beating! Nobody stop me! This is a life-or-death situation!"

1 seconds.

3 seconds.

5 seconds.

No one spoke.

"No, you really aren't going to stop them?"

Qiu Gaocai was just talking nonsense; he wouldn't dare to actually go to Shanghai and play the gangster game. After all, 2009 wasn't the 70s. Since the crackdown, even the most powerful people have to keep a low profile.

Of course.

The main problem is that Qiu Gaocai lacks connections in Shanghai.

If this were in Fujian, he would definitely take Zhang Yang seriously and handle the matter properly.

"Uncle Cai, don't act rashly." Qiu Baoyu gave him a way out and said, "It's uncertain whether he will push the price to the daily limit again. If it hits the daily limit for three consecutive days, or even higher, even if Haitong Foods and Yijing Optoelectronics reach an agreement in the future, the gains will be realized in advance. Faced with such a shameless rogue, it's better to swallow this loss in silence."

A direct confrontation is definitely not an option; he can only try to recoup his existing assets as much as possible.

This sudden reversal made him realize that his sideways trading strategy had flaws and needed to be improved.

"Really accepting it?"

"I really want to explode at him!"

"Brother Yu, can't we just let things continue to fluctuate and play a war of attrition with him?"

"Exactly, we need to fight a protracted war!"

The Fujianese investors were filled with righteous indignation and refused to submit to the tyranny of "Fuchun Road".

However, Qiu Baoyu remained calm and analyzed, "If we fight a protracted war, we will not be able to continue to keep our holding costs low. We will learn from our mistakes and change our T+0 trading to the 'weaving machine' market. This way, he will not have room to intervene three times."

"Damn, this is so frustrating!"

"Zhang Yang is a real beast, a beast in human form but with the heart of a monster!"

"I really want to expose his secret identity!"

"I'll explode right now!"

“There’s no need.” Qiu Hongxuan pushed up his glasses, his eyes revealing shrewdness. “If we expose ourselves and make a scene, all the hatred will fall on us, while Xu Xiang will reap the benefits. We can’t let ourselves be used as pawns.”

“That’s right.” Qiu Gaocai nodded slightly in agreement. “We can take advantage of someone’s misfortune in secret, but on the surface, we should keep to ourselves.”

As Qiu Baoyu's right-hand men, Qiu Hongxuan and Qiu Gaocai were extremely quick-witted and would never allow their own people to be used as pawns.

"Uncle Cai and Brother Xuan are right. Some things can't be said openly. We should learn from King Goujian of Yue, who endured hardship and humiliation, and then strike him hard at the most crucial moment!"

Qiu Baoyu said in a cold tone.

He has silently remembered the humiliations of Haitong Foods and China Unicom, and he will take action whenever he has the chance, even if Xu Xiang doesn't say anything.

……

Haitong Foods' second consecutive limit-up also attracted a group of retail investors who were watching the intraday chart and considering whether to enter the market.

[Fishing Air Force Guy]: It's hit the daily limit for two consecutive days. Could it be that Haitong Foods and Yijing Optoelectronics have reached an agreement but haven't announced it yet?
[Invisible Person]: Insider trading is causing trouble again, with two consecutive limit-up days. Can the China Securities Regulatory Commission (CSRC) do something about these funds?
[Stock Trading to Support a Mistress]: I bought 200 lots to see how it goes. If I lose money, I'll just skip the bar tonight.

[Should Be a Celestial]: What kind of family is this? They can buy 200 lots at once. I'm so envious. I'm still considering whether I should buy some.

While retail investors were still hesitating, Qiu Baoyu, Qiu Gaocai, and others had already placed their orders and returned their shares to the market with obvious disgust.

“Boss, the number of buy orders has surged to 100,000 lots. Should we sell?” Zeng Lingshan asked, glancing at Zhang Yang to the side.

"Hahaha, God A has taken the initiative to lose?" Liao Guopei couldn't help but laugh. This is a big shot who has 50 billion RMB in his hands. I didn't expect that he would be made to concede defeat with just a little bit of his brain.

“That’s what makes a smart person. A stalemate with us will only ruin the market,” Lin Guangchang analyzed.

"Shall we throw it?" Chen Xiaoqun asked.

Little Crocodile Feng Weiqiang was also waiting for an answer, and everyone's eyes were on Zhang Yang.

"Haste makes waste. Since they're willing to accept the price of 12.27, who knows, we might even get a whole board?" Zhang Yang said with a faint smile.

"Not throwing it? Playing mind games?" Lin Guangchang asked, somewhat surprised.

Liao Guopei's eyes flashed with hesitation, and he said with some worry, "If we keep pushing our luck like this, won't God A get angry?"

"The winner takes all, and the loser is condemned. He could have easily cashed out at 12.27 yuan and left. Since he accepts this price, it means there is still room for further price reduction."

In the past, Zhang Yang would have stopped there, but now he was desperate for money. He couldn't have his cake and eat it too, and he didn't care about being infamous for the sake of that securities license.

"Since we're going to launch a counterattack, let's see it through to the end! We support Joker and won't sell a single share!" Chen Xiaoqun raised his voice.

Liao Guopei, Lin Guangchang, Feng Weiqiang and Zeng Lingshan looked at each other. Since Zhang Yang said he wouldn't sell, they had no choice but to refuse to sell any shares.

In contrast, Qiu Baoyu, far away in Fucheng, couldn't help but slam his fist on the table after waiting for more than ten minutes, exclaiming, "Damn it, they're pushing their luck!"

He was about to suffer in silence, but he never expected the other party to have such a big appetite.

"Should we cancel the order, Brother Yu?"

"Fuchun Road is really ostentatious? Damn, this is too arrogant and shameless!"

"It's not enough to satisfy his appetite!"

"If it were a mid-cap stock, I'd smash the shit out of it, damn it!"

At this moment, in the office building of the Minfu Brotherhood, the speculative investors were in a state of impotent rage.

suddenly!

With a furrowed brow and after a long silence, Qiu Hongxuan spoke again: "China Unicom's stock price has hit the daily limit down."

"what?"

Qiu Gaocai was suddenly startled.

He quickly opened the intraday chart of China Unicom and saw that the buy positions had been cleared, and only the sell positions still had quotes.

"6.44 yuan, a 10% drop to the daily limit." His eyes gleamed with disbelief. This was a blue-chip stock, a genuine blue-chip stock worth hundreds of billions.

Qiu Baoyu glanced at China Unicom's A-shares, then quickly opened the Hong Kong stock market and found that the Hong Kong stock had fallen below 10%, with a drop of 10.4%, currently trading at HK$9.87.

"If it fell below HK$10 so quickly, doesn't that mean Zhang Yang can exercise his selling rights at any time?"

Qiu Baoyu muttered to himself.

He heard that the "mysterious short seller," Zhang Yang, had set the price at HK$11.68. Now, the price difference per share has reached HK$1.81. According to the rumored multi-billion dollar option contract, the profit is conservatively estimated to be over RMB15 billion.

Thinking of this, Qiu Baoyu gritted his teeth and said, "Damn it, he makes so much money, yet he's eyeing my meager earnings. That son of a bitch Zhang Yang, he really doesn't like to waste a single penny!"

While Qiu Baoyu was furious, retail investors in China Unicom were already crying and wailing, denouncing that they had bought a fake blue-chip stock.

[Mr. Instant Noodles]: Holy crap, a blue-chip stock worth hundreds of billions can still hit the daily limit down. Is this some kind of Double 11 discount that Ma Yun is offering in the stock market?

[Little Star Loves Stocks]: Sold, sold! China Unicom's signal is terrible, and its stock is terrible too. It's really not as good as China Mobile and China Telecom.

[Lonely Wind]: If I ever buy China Unicom again, I'm a dog, a dog whose balls have been cut off, damn it!
[Critical Moment]: Aren't blue-chip stocks supposed to be less volatile? How come it feels like I'm playing with trending stocks? I'm done! I'm still a minor! Exchange, please refund my money!
Blue-chip stocks, due to their large market capitalization, are difficult to manipulate by speculative funds or institutions, so their fluctuations are usually very small. The limit down of Huaguo Unicom not only shocked all retail investors, but also attracted the attention of "bull market manipulator" Li Daxiao.

He opened China Unicom's intraday chart and studied it for more than ten minutes, but in the end he still couldn't figure it out.

"Could it be that Taobao's Double 11 discounts have driven down China Unicom's stock price?"

(End of this chapter)