Chapter 649
After hanging up the phone, Su Miao fell into deep thought.
I had previously wanted Brother Xiaopang to liquidate his positions before policy adjustments. First, I was worried that the market trend would be affected after the risk control policy was introduced. Second, I felt that Brother Xiaopang’s cash flow was more suitable for short-term trading.
But now it seems that Brother Xiaopang is obviously obsessed and is reluctant to throw it away.
Su Miao recalled the situation of the Shenzhen stock market during this period in his previous life.
There are more and more investors and the market is too hot.
The authorities have successively introduced a number of measures to maintain the market and curb speculation.
The first system to be implemented was the daily price limit system on May 29, which stipulated a price limit of ±10%.
However, this limit failed to curb the fierce rise in stock prices.
Therefore, in mid-June, the price limit range was reduced to ±5%. After a period of time, it was changed to +1% for the price increase and -5% for the price decrease.
However, although these three adjustments have a certain degree of control, they have failed to dampen investors' enthusiasm for the stock market.
During these months, the stock market continued to rise, and many times it reached the daily limit.
It was not until late November that the fourth adjustment came, with the daily limit being +0.5% and the daily limit being -5%.
As soon as the policy was released, the Shenzhen stock market immediately began to turn downward, and the "old five stocks" all plummeted, triggering panic selling among investors, and the stock prices closed at the limit down for many consecutive days.
The Shenzhen stock market has finally begun to cool down, and this drop is a bitterly cold winter.
On December 1, the Shenzhen Stock Exchange started its trial operation in a period of green. As the stock market fell, trading volume began to shrink rapidly, and it was truly left out in the cold.
By late December, the decline of Shenzhen's stock market began to accelerate, and the market truly turned from bull to bear.
In just one month from the end of November to the end of December, the five major stocks fell by an average of 20%, and the total market value of stocks decreased by about 1 billion yuan.
This plunge did not stop due to subsequent policy relaxation, but continued until September of the following year and was called the first stock market crash.
After thinking it through, Su Miao felt that since the stocks were not sold at the expected time, he could wait a little longer.
What we need to do now is to determine a time to sell.
This time we cannot get stuck before the fourth adjustment, because before that a lot of unfavorable information has been released and the stock market has shown signs of weakness.
The state of the stock market after August was unclear, and she couldn't remember exactly what it was like.
They hold a large number of shares, and I am afraid it will be difficult to clear them out when the time comes, so it is best not to take too much risk.
The situation continued to heat up in June, with a large number of "tractor accounts" appearing in the market, creating false trading volumes through arbitrage, attracting retail investors to follow suit and further pushing up stock prices.
In July, there seemed to be false news about "Anda acquiring a taxi company", coupled with the incitement that "the opening of the Shenzhen Stock Exchange will surely lead to a surge in prices", and it is estimated that the price was pulled up to nearly 40 yuan.
The adjustment policy introduced during the same period stipulated that a stamp duty of 6‰ must be paid for the sale of stocks, and a 10% income adjustment tax must be paid for dividend income.
August, September...I'm not sure.
In October, the higher authorities stipulated that cadres at the department level and above were not allowed to speculate in stocks.
In November, party and government officials began to earnestly implement the policies from above and sold their stocks one after another. Coupled with the fourth adjustment, the stock market began to fall continuously.
Su Miao spread the papers filled with key time nodes and policy changes all over the desk. The desk lamp cast interlaced shadows on the papers, just like the unfathomable stock market at the moment.
She stroked her chin, her eyes finally fixed on the junction of July and August on the calendar, which was the watershed between market frenzy and undercurrent.
Brother Xiaopang went to the sales department early the next day. Although a new policy was issued yesterday, the market was still hot and investors seemed to be unaffected.
After all, the 10% increase limit is still very high, and those who want to make money continue to pour in.
He had been waiting for news from Su Miao and carried batteries with him, fearing that his pager and mobile phone would run out of power at the critical moment.
Because he didn't need to buy stocks, he sat in the corner of the hall and was able to calm down and watch the chaotic scene.
His palms, holding the mobile phone, were sweating. His eyes swept over the crowd running in the hall holding delivery notes, and he suddenly remembered the "herd effect" that Su Miao often talked about.
The woman in the floral dress was yelling into the phone, "Buy another 20,000! My neighbor Wang said the price will go up to the sky!"
The man in the white shirt was explaining the K-line chart to the newbies with spit flying, and his knuckles rapped heavily on the bulletin board, causing the slogan "Speculation is strictly prohibited" to tremble slightly.
In the corner, a gray-haired old man tremblingly opened the layers of newspaper wrapped around him, revealing the crumpled banknotes inside.
Little Fatty noticed that the front page of the newspaper that wrapped the money was prominently printed with the headline "A Warning Bell for Rational Investment." The strong irony made his heart tremble.
The man and woman sitting next to him had been talking on their cell phones non-stop since he came in.
At the beginning, the fat guy was still sighing at their wealth. Now the calls on mobile phones are very expensive, so he doesn’t dare to use them easily and only uses them in emergencies.
When Brother Xiaopang slowly understood the content of the conversation between the two, he couldn't laugh anymore. It turned out that he was directing multiple accounts to trade simultaneously.
Just when he was feeling upset, Su Miao gave him a reassurance.
Suddenly, the vibration of the pager on his waist gave him a start. He hurriedly squeezed out of the crowd, ran to the store across the street, and dialed Su Miao's number with trembling fingers.
"Miao Miao! You finally sent me a message. How's it going? When are we going to sell it?"
His voice trembled with urgency.
"Don't sell it yet, Brother Xiaopang, go back to Nancheng with peace of mind. I've done some research and there's still some money to be made in the next two months. Let's let it rise for a while. When I have my summer vacation in July, we'll go to Shenzhen together to sell it."
Su Miao's confident tone on the phone made the fat boy breathe a sigh of relief, and then he realized that his back was completely wet.
Fortunately, his "delayed opportunity" did not cause serious consequences. Since Miaomiao said that there would be profits in the future, he would just wait obediently.
Next time, he must listen to Miaomiao. God knows how he got through the past few days. He was extremely nervous and tormented. He couldn't think of anything except the stock market all day. He felt like he had lost two kilograms and had to make up for it when he got home.
After hanging up the phone, he looked back at the securities business department. Through the glass window, he saw the man in the flowered shirt dancing and showing off today's earnings to the people around him, while in the corner, the old man was staring blankly at the numbers on the wall.
At this moment, Little Fatty suddenly understood Su Miao's profound meaning. In this crazy ocean, perhaps the greatest wisdom is to remain calm.
Continue read on readnovelmtl.com
