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

Chapter 79 The game begins

Ningbo, Jiefang South Road.

VIP room at Galaxy Securities branch.

The unassuming Xu Xiang held the mouse, staring intently at the changes on the screen in front of him. Beside him, a dozen or so members of the "Lemon Daredevils" team were continuously placing sell orders, creating the illusion of "panic selling" and constantly flushing out shares.

After putting up the shares from his seven securities accounts, Xu Xiang's cousin, Ma Xinqi, stretched and said, "Done. The market will close as soon as it opens. That will scare those retail investors who are following the trend to death."

"Yesterday, 2000 million yuan was put in. I wonder how many people will sell at a loss."

Someone immediately agreed.

Sun Guodong, one of the "Three Musketeers," adjusted his coffee-rimmed glasses with his index finger and smiled, saying, "Based on my understanding of retail investors' psychology, they must be panicking right now, regretting not being able to control themselves from chasing the rising stocks."

"Who knows, those retail investors are crying and saying they're quitting and want their money back."

"Haha, give me my money back!"

"That's hilarious, hahaha!"

The "suicide squad" in the VIP room were mercilessly mocking the retail investors' stupidity; they had long since figured out the retail investors' psychology.

As the "chief" of the suicide squad, Xu Xiang listened to his brothers' teasing and said with a smile, "Let's get ready to take money from retail investors' wallets. Once we've taken enough, we'll give them a crash and let them know how dangerous the world is."

He had just finished speaking when he looked at his cousin Ma Xinqi and said, "Brother Ma, has the news spread yet? Don't let it hold you back."

"Don't worry, I've already had people posting on major stock forums and bribed more than a dozen financial media outlets. It started gaining traction late last night, so we just need to wait and accumulate shares."

Ma Xinqi responded with a smile.

At this time, posts with the title "Xu Xiang Suspected of Selling Rhine Biologics" appeared on Baidu Tieba's stock trading forum, Eastmoney's stock forum, and the exchange communities of Sina Finance and Tencent Finance.

When uninformed retail investors saw the post, panic spread rapidly.

[Cat Teacher]: No, Xu Xiang, please don't! I just got on the bus yesterday. Let me take another load. I'll take one load and then leave.

[Japanese Draft Cola]: Xu Xiang, known as the "One-Word Soul-Severing Blade," truly lives up to his name. His move resulted in a limit-down. Congratulations to those who got stuck at the top; it's unlikely they'll recover their losses for the next two or three years.

[Stock Market Prodigy]: When others are fearful, I am greedy; when others are greedy, I am fearful. I'll just buy 100 lots of Rhine Biologics. At worst, I'll forget about the money. I don't believe Xu Xiang is satisfied with eight consecutive limit-up days. It's all about the thrill.

[Xiaoshuai is not handsome]: Awesome, awesome! You buy the chips that others dare not buy, you take over the orders that others dare not take, take over first and then resist. Is this what retail investors in the A-share market are like?
While a large number of retail investors were engaged in heated discussions, the financial media outlets bribed by Ma Xinqi gradually stepped in to continue creating a sense of panic.

Shocking! Xu Xiang's securities account holdings suspected to have been exposed; Rhine Biologics has been abandoned, and its latest holdings are...

Unbelievable! The controlling shareholder of Rhine Biologics, a stock that had risen for eight consecutive days, has already exited. What should tens of thousands of retail investors do?

Rhine Biologics issues urgent clarification: shikimic acid orders total only 10; main business remains natural sweeteners; has this once-hot stock announced its downfall?

Besides third- and fourth-tier small media outlets, some large financial platforms are also issuing notices, such as Sina Finance and Eastmoney, but they are all issuing notices from the perspective of the stock price hitting the daily limit down.

Amidst a barrage of media attacks, Rhine Biologics became a hot potato, with many retail investors holding Rhine Biologics shares placing sell orders at the daily limit down, intending to cash out their unrealized profits.

……

And on the other side.

The transaction and office area is located on the top floor of Hongyue Investment Building in Jianggan District, Hangzhou.

Unlike Xu Xiang and others who continuously placed orders to create panic, Zhang Yang, Liao Guopei, and the speculative funds within Jianfeng Group canceled their limit-down orders before 9:20 AM, allowing retail investors who had placed limit-down orders to rush to the front.

It's worth mentioning that during the five minutes from 9:15 to 9:20, investors can cancel their orders and submit quotes at will, without any transactions being executed.

However, starting at 20 minutes, all orders will be locked, and volume will be matched based on the buyer's orders. After 25 minutes, the orders will be executed uniformly by the call auction system. Many people use the five minutes between 15 and 20 minutes to release misleading information. Some novice investors who do not understand the rules often make incorrect judgments when they see limit-down or limit-up stocks.

Perhaps influenced by Rhine Biologics, the entire medical pharmaceutical sector, as well as H1N1 influenza concept stocks, experienced a correction at this time.

Previously hyped stocks such as Progen and Neptunus Biotech all opened at the daily limit down, as if overnight, all the hype surrounding flu-related stocks was completely wiped out.

9 points.

The A-share market officially opened.

Of the more than 1600 stocks, 1200 experienced declines, with 400 of them falling by more than 3%. There were 34 stocks that hit the daily limit down, most of which were previously hyped medical and pharmaceutical stocks.

At 9:32 AM, the number of stocks hitting their daily limit down reached 40, and trading volume in the A-share market was shrinking. Huaxin Securities fell by 1.24%, and the banking sector was also experiencing a pullback.

At this time, in the trading area of ​​Jianfeng Group, the buy price is 4.8 yuan (limit down price), the number of visible orders is 17,000 lots, the sell price is 4.81 yuan, and the number of sell orders is 142,000 lots.

Experienced stock traders know that if you want to sell at 4.81 yuan and the buy price is 4.8 yuan, you need to patiently wait for the latest stock price to rise. Generally, it will take until the price reaches 4.82 yuan for all the sell orders at 4.81 yuan to be filled.

But if you want to escape in time, you can complete the transaction instantly for 4.8 yuan.

In this type of trading rule, selling at 4.81 yuan is called a pending order, selling at 4.8 yuan is called a sell order, and if you want to buy at 4.81 yuan, it is called a buy order.

Simply put, buy orders and sell orders are orders placed at a price one level higher or lower than the previous price level, while pending orders are placed at the latest price.

The current price of 4.8 yuan is basically filled by orders placed by Zhang Yang, Liao Guopei, and other speculative investors or retail investors, who are waiting for other retail investors to sell at a loss.

Perhaps Xu Xiang, Ma Xinqi, and others did not expect that someone was using the public opinion offensive they created to buy low.

It's worth mentioning that, because Liao Guopei didn't want to offend Xu Xiang, he only made an agreement with Zhang Yang to make two dragon trends, namely, when Rhine Biologics' stock price fluctuated, he invested in driving up the price.

With over 500 million yuan in available funds, Zhang Yang wouldn't be content with just following Erlong Trend. Liao Guopei might not dare to offend Xu Xiang, but Zhang Yang certainly might not be afraid to confront Xu Xiang directly!
……

9 points.

The banking sector is showing unusual activity.

The four major banks led the price increase, followed by Huaxin Securities, suggesting that funds were supporting the market.

Zhang Yang, seizing the opportunity of the market rally, did not hesitate to invest 300 million yuan to buy 1245 lots (100 shares per lot) of Rhine Bio at the limit-down price of 24.08 yuan. A green bar instantly rose in the volume chart area below.

[Stock Anomaly Alert]: A super buy order of 299.7 million yuan appeared in Rhine Biologics.

All the investors who had added Rhine Biologics to their watchlist were suddenly startled and rushed to check what had happened.

Far away on Jiefang South Road in Ningbo, the group of "daredevils" in the VIP room of Galaxy Securities were collectively stunned. Ma Xinqi even directly questioned loudly, "Who accidentally bought this?"

He assumed it was a mistake made by one of his own people and glanced at everyone in the VIP room.

"I didn't buy it."

“I didn’t buy it either.”

"This kind of basic mistake couldn't have been made by our people."

Sun Guodong, one of the three musketeers, put down the walnuts in his hand and said to the side, "Ask the brothers in the other branches if they accidentally pressed the wrong button to buy."

Rhine Biologics has already entered a panic selling phase. Even if new speculative funds intervene, they won't directly push the price up with large orders. This is a tactic to ignite the market, not a tactic to accumulate shares.

"No need to ask anymore." Xu Xiang raised his hand to stop them, and looking at the unusual movement, he said in a deep voice, "Our brothers wouldn't make such a low-level mistake. There are speculative funds stirring things up."

(End of this chapter)