"But, everyone said that we can get over 300 today..." For such an important day, the Wang family simply gave up this month's full attendance award. Except for the two brothers Jiaju and Jiaxiang who were in school and could not come, all five members of the family gathered.
The five of them were already adults, and although Su Yun had made a lot of money with them, the stock market was still booming, so the five of them seemed a little hesitant.
"I can't hold on any longer. No matter how many times the price fluctuates, it won't go higher than this price." Su Yun shook his head and pushed Grandma Su over to sell the 300 shares in his hand.
After this operation, the milk stock has fallen by 10 yuan.
So the Wang family, feeling quite regretful, hurriedly followed Su Yun and sold their 100 milk stocks.
No longer having to follow the stock market turmoil caused by the bull-buying war and fighting for money in the stock exchange, for the next half month, the Su and Wang families were content to be spectators in front of the newly added color TV in the Wang family's living room.
Ever since the Wang family earned enough money in just one month that the entire family would have needed to save for decades even if they had not eaten or drunk anything, everyone from top to bottom was extremely happy. They completely regarded Su Yun as their lucky star and almost held her in their hands with great love.
At the same time, the brothers Jiaju and Jiaxiang, who originally had a low status in the family, fell down the family status ranking list due to the rise of Su Yun's status, and became existences that even dogs disliked.
But not all kids of this age dislike even dogs.
Wang Jiaju was good at self-resolving, so he continued squatting on the stairs with the old guitar that he had repaired at Li's second-hand music shop to disturb others; Wang Jiaxiang followed his second brother squatting on the stairs for a few days, and although they didn't develop a brotherly bond of sharing weal and woe, they did develop an interest in guitar...
So he could only survive with difficulty under the pressure of his hot-tempered and overbearing second brother. The two naughty kids guarded an old guitar, played it for a while, and then laughed at each other's poor skills.
Sometimes, when they mocked each other too much, Wang Jiaju would rely on his status as an older brother to beat up his stupid brother.
Su Yun came out holding the melon, and almost couldn't bear to see their silly looks: "Let's put it this way, if you meet my requirements in the final exam, I will reward the one with the best performance with a new guitar."
Jiaju and Jiaxiang said in unison: "No, no, it's too high for us!"
Hearing this reply, the future Mr. Su rolled his eyes and turned back to help Grandma Su fix the fan.
Anyway, the two naughty kids were probably more determined, so they went home and pestered their parents and siblings for a long time. Finally, they got the promise that if they made more money from stock trading, they would buy them a guitar this New Year.
The kind where both price and quantity will change with stock speculation profits.
The daily quarrels passed away like a cool breeze in late summer. During the bull battle, the stock prices of the two companies rose and fell, stirring the hearts of Hong Kong investors for a whole month.
Finally, at the end of the month, Dairy Farm showed weakness and was defeated, while Hong Kong Land happily published a full-page advertisement claiming that it owned more than 80% of Dairy Farm's shares.
At this point, the century-long acquisition war that shocked the whole of Hong Kong finally came to an end. Hong Kong Land Development Co., Ltd., which coveted the large tracts of ranch land of the Dairy Farm, successfully delisted the Dairy Farm and took it completely into its pocket.
It was through stock splits, stock exchanges, dividends, mutual questioning, exposing of shortcomings and advertising bombardment that panicked shareholders of both sides. According to future regulations, they would at least have to bear the responsibility of misleading and violating regulations. Unfortunately, stock market regulations were not yet sound in that era. In this way, Hong Kong Land Development Co., Ltd. swallowed up the huge Dairy Farm Company without spending a penny of cash, which is a classic in the history of acquisitions.
Of course, it also marked the beginning of a vicious takeover war and the 1973 stock market crash.
But at this time, Su Yun no longer cared about the fight between the capital giants - on December 5, the "Hong Kong Antenna" with the number 205 was officially listed on the Kowloon Stock Exchange.
Su Yun was holding a clearly printed prospectus in his left hand and a booklet called "Stock Trading Tips" in his right hand. The booklet was printed and distributed free of charge because the government was worried about the crazy stock market, and he fell into deep thought in the trading hall.
The information in the prospectus can be roughly divided into several points. Su Yun read it carefully again and again, and then, based on his own understanding and the simplest interpretation, he outlined the deep pit in it:
The first point is that "the company has just been established and has not yet started operations" - it is clearly a shell company.
The second point is "raising funds through listing for research and development purposes" - since you need to raise funds to go public, then apart from the fact that your financial resources cannot support a single mistake, when the capitalists get their hands on the money of ordinary people, do you think they will return it to you?
As for the description of "no guarantee of future dividends" - my god, it's so "clear", why do some people still want to jump in?
The prospectus of Xiangjiang Tianxian was clearly a way of taking advantage of the stock market, but a group of stockholders were crazy about it and bought one each, enjoying themselves to the fullest; if she hadn't gone to get a copy of the "Stock Trading Tips" brochure that clearly informed people of the risks of the stock market, the brochure distributor would not have been able to distribute any today and no one would have paid attention to it...
All I can say is that ignorance kills: because televisions had just become popular in households at that time, when people heard the company name "Hong Kong Antenna", they began to have endless imaginations, thinking that this company must have unlimited potential and great things in the future, so they didn't even read the prospectus carefully and just rushed in to grab the shares.
Of course, Su Yun, who knew the inside story, also competed with others in the trading hall to get the stock price from 1 yuan per share to 3 yuan per share. When the stock price finally fell to 2.5 yuan at the closing, Su Yun spent all his remaining money to buy a batch of shares.
After deducting miscellaneous expenses from the Bull Market, she earned more than 89,000 yuan; in this round of Hong Kong Skylines, she rushed to buy them all, at an average price of 2 yuan per share, and bought a total of 40,000 shares.
The stock market is hot these days, and many banks have launched various low-requirement financial leverage services to attract business. Su Yun took advantage of this convenience and "took the risk" to activate the highest multiple of financial leverage currently achievable in the bank, multiplying the more than 80,000 yuan of principal in her hand sixfold.
The extra 430,000 yuan in the account was used by Su Yun to buy daily stocks with an average price of 3 yuan per share, totaling more than 140,000 shares.
All the stocks purchased with principal and leveraged funds will be sold at a high price before the end of this stock market bubble, and then the operating fees and various miscellaneous fees charged by the bank will be deducted... In the end, if there are no accidents, the final balance in the account will be more than 5 million!
Of course, huge profits are accompanied by corresponding huge risks: if the stock price falls, the Su family will have to pay a certain amount of margin; if the stock price falls beyond a certain level and the margin cannot be paid, the end result is forced liquidation of the position and all the wealth will be gone.
The Su family is not the only one that engages in such adventurous and almost crazy stock trading. However, due to the limitations of the times and knowledge level, the Wang family, who are relatively seeking stability, did not dare to copy Su Yun's work. They just honestly used the funds in their own accounts to buy the amount they could, which is a standard mentality of the petty bourgeoisie who are content with a small fortune.
It's a typical example that the brave can only die of exhaustion, but the timid can never die of hunger - as long as you know how to sell in time, you can always make money.
Unfortunately, investors who are close to going crazy never know when to quit and only want more and more.
After finishing all the business, when Su Yun pushed Grandma Su towards the exit, the dreamy blush on the faces of those crazy stock investors that had not yet faded was as eerie as if it was about to drip blood.
People living in this great era can no longer remain isolated.
But just like Tetris, when you become a member of a group, you are the one that disappears.
The autumn wind blows, and the crabs are plump. The Su and Wang families, whose family conditions have become much better, are watching TV while eating the freshly bought big crabs.
"That Xiangjiang Antenna said it invented an antenna that can be used at home. Is that true?" Wang Jiaju asked excitedly.
The two brothers were still young and lazy in studying, so they didn't know anything about the stock market like Su Yun did; however, ever since Su Yun led the Wang family in stock trading for a month and their family's salary increased dramatically, they have been paying close attention to stock news.
"If we can make money this time, Jiaxiang and I can both buy a new guitar as a New Year's gift!" Wang Jiaju became more and more excited as he spoke.
Su Yun glanced at the old guitar that Wang Jiaju had polished to a sleek finish, and thought about the mixed doubles match he had faced last night after getting back that horrible report card. He paused for a moment and said, "Antenna... Actually, the clothes hanger your mom used to make your clothes last night and put it on the roof in a shaped way can also be called an antenna."
Everyone at the table was stunned.
"This is a bubble. We have to run away before it bursts," Su Yun concluded.
Because...every bubble will eventually burst.
Six weeks later, on January 23, 1973, the Hong Kong Skyline had risen to an all-time high of HK$30.
While newspapers and magazines were describing Hong Kong's current economy in the tone of martial arts novels, as being as prosperous as the protagonist in the novel, "whose martial arts will surely improve greatly after his Ren and Du meridians are opened up"; at the same time, the news that "a simple iron wire on the rooftop can still receive TV signals" spread like wildfire, shattering the hype.
Su Yun, who had sold all her stocks when the stock price was at its highest, walked out of the stock exchange in silence for the last time. What she saw was a chaotic scene of shattered dreams of prosperity.
"In the early stages of the stock market crash, investors jumped into goldfish bowls and crowded exchanges in an attempt to buy at a low price. But now they are trapped! Look at these people, don't they look like giant crabs trapped in the streets..." Various media outlets that heard the news are now explaining the scene after the stock market crash with saliva flying, and their words seem to be viciously sucking the marrow out of the regretful investors.
"Not only is the stock market turbulent, Xiangjiang Antenna, a shell company that deceives the world by stealing its name and pretending to be fake, has even evolved into an international joke, with more rational investors jokingly calling it the 'Xiangjiang Fake Line'..."
In the old days, Hong Kong was still dominated by industries such as clothing and plastic flowers, as well as shipping based on the advantage of a deep-water port. The wave of people fleeing from Hong Kong brought about a population explosion in the entire city, so that these light industries were all over the place. There are a lot of workers with cheap working hours and temporary workers who take advantage of their free time to get supplies and go home to make work.
The origin of the so-called "stitching line" is that in order to make more money to support their families, workers work day and night making plastic flowers until they feel dizzy and dizzy. "Flower" - extended to later, when electronic products became popular, workers changed the glue flowers into wires, and this curse word evolved into "wires"...
Something like this that anyone would know is impossible if they think about it, has created a crazy scene where a group of people dare to take advantage of it, and a group of people dare to speculate.
"Someone's jumping off the building over there!" Following a cry of surprise, the group of spitting reporters swarmed over again, carrying their rifles, guns and cannons.
Amidst all the trouble, Su Yun suddenly understood the origin of the phrase "get inheritance from everyone you meet" from the TV series he had watched before that talked about the thrilling stock market.
She now has a net worth of over five million, which may include a little bit of money from the capital tycoons, but more of it should be the blood and tears of some stockholder families.
Do you regret it?
No - because the funds in her hands will be used in the right way in accordance with her conscience and goals, rather than being turned into a sickle for capital tycoons to once again reap the flesh and blood of innocent people.
She believed she could do it.