Chapter 741
In the second half of 1990, in response to the phenomenon of continued speculative rise in the stock market, the authorities adjusted the price limit range five times within half a year.
The last time was in late November, when the daily limit was adjusted to +0.5% and the daily limit was -5%.
While frequently adjusting the daily price limit, we also issue warnings to investors through various media, reminding everyone to pay attention to and guard against stock market risks.
The short-selling momentum in the market increased to a critical point, and stock prices fell after reaching a high level.
The simultaneous decline of the five major market stocks caused many investors with less tolerance to sell off their positions.
After that, the situation got out of control, panic selling occurred in the stock market, and a plunge began.
Many investors with large amounts of capital and great ambitions took a wait-and-see attitude at the beginning, thinking that stock prices would rise and fall and would probably go back up after a short period of time. Then they became the ones who suffered the most losses.
Among them is Wang Dachui, who has a full position at a high position.
The Wang family lived like an ice cellar this year. They didn't have a proper reunion dinner in a good atmosphere until the Lantern Festival.
“It’s hit the lower limit again…it’s hit the lower limit again!”
He hung up the phone, slammed the voucher to the ground, and ran his hands through his greasy hair.
In three months, the price dropped by nearly half, and it was stuck at the lower limit every day when it opened, so I couldn’t sell it even if I wanted to.
He held his breath and called Liu Abing, and the voice on the other end of the phone was still enthusiastic:
"Boss Wang! Good evening!"
"Bullshit! Didn't you say that ups and downs are normal? What's going on now? Only downs and no ups?"
"Oh, Boss Wang, the stock market has to be viewed in the long term. You've seen the data before, and I can't fake it!
The price had risen so much before, and even if the higher-ups wanted to make adjustments, it wasn’t something we ordinary people could decide!
You see, when it was rising sharply, it was adjusted downwards, and now it's falling sharply, shouldn't it be adjusted upwards? It's a matter of timing. The internal report we received now says that there will be a rescue policy to be introduced..."
"Bullshit! You said the same thing last week! And what happened? You're losing so much money every day. If you keep going like this, you'll lose everything!"
Wang Dachui's roar was so loud that the crystal chandelier in the living room trembled slightly. After hanging up the phone, he paced back and forth in the living room like an enraged tiger.
Liu Xu huddled on the sofa with her arms folded, her newly wavy hair sticking out in disarray.
Her lips trembled as she wanted to say something, but Wang Yue grabbed the corner of her clothes.
The girl, who was not yet seventeen, was wearing an exquisite wool sweater and had an indifference on her face that was inconsistent with her age.
There were sporadic sounds of firecrackers outside the window. The moon on the fifteenth day of the first lunar month was round and cold, hanging in the sky like a mocking eye.
The pot of frozen glutinous rice balls on the dining table had long since turned into a lump, emitting a sweet yet bitter smell.
Wang Dachui's fists were clenched so tightly that they made a creaking sound.
Three months ago, he went to Shenzhen with 100,000 yuan in cash.
Three months later, only half of the money invested was left, and the stock was still stuck at the lower limit.
Those stock certificates with red seals on them are now too hard to wipe off. He really can't understand how the stock market can change so quickly!
Obviously... He clearly saw that Mr. Pan had made so much money, and those old men and women in Shenzhen who entered the market early not only had no worries about their retirement money, but could also save a large sum for their children.
But when he started to trade stocks, he lost everything.
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