Chapter 70: The First Thousand Stocks Limit Down
"Are you sure?"
Liu Bin walked up, grabbed Cao Song by the collar, stared into his eyes, and asked.
Cao Song stood on tiptoe, took a few deep breaths, and said, "Young Master Liu, my news is absolutely true. If I have concealed or lied in the slightest, I... I don't have an anus when giving birth."
Cao Song, who has always been gentle and refined, also cursed.
Liu Bin stared at him again and again, his suspicion rising and falling. After a long pause, he said, "Starting tomorrow, I will handle all operations on the fund account. You will only be responsible for assisting. Do you understand?"
"I understand, Mr. Liu." Cao Song breathed a sigh of relief and fell heavily on the chair.
Liu Bin took a deep breath and walked out of the trading room.
On June 17, Liu Bin arrived at the trading room very early.
Beside him, Cao Song respectfully helped Liu Bin open six split screens, brewed a cup of hot coffee, and offered it to him with both hands.
Liu Bin took a look, snorted coldly, and put the cup of coffee aside. This made Cao Song very embarrassed. He didn't know whether to put it aside or to offer it as a toast, so he could only put it on the table next to him.
At this time, it was already 9:30.
Liu Bin opened the customized trading software he had invested tens of thousands of yuan in. In the center of the software was Yinzhijie's intraday candlestick chart, with ten buy and sell orders on the right. Below that were large order analysis and diagnosis, chip distribution range calculations, as well as analysis tools such as cycles, indicators, coordinates, gaps, and capital analysis.
In the lower right corner, a news wizard scrolled: "Yinzhijie bought a large order, CRRC bought a large order, Oriental Fortune bought a large amount, Wuliangye, sold a large order..."
After just a few glances, Liu Bin felt dazzled and dizzy.
He shook his head and clicked on the software's unique feature for making good stock decisions. Several stocks were pushed out instantly, one of which was Yin Zhijie.
He felt at ease.
This "Bull Stock Decision-Making Treasure" is the essence of the essence in this customized software. It only recommends one to two stocks every month, and all of them are stocks that follow the main force to build positions and buy and sell.
A few months ago, they relied on this strategy and successfully raised their funds to 30 million. At this moment, the software recommended Yinzhijie again, which means that it is very likely that the main force has entered this stock again, and the prospects are very promising.
Sure enough, the market trend today was very healthy. After hitting the bottom at 4767 points, it closed up 1.65% at 4967 points. The previous two days were just normal adjustments in the bull market.
As for Yinzhijie, it opened -1.16% lower and then soared all the way from 91.99 yuan to 95 yuan. Finally, at 14:36 in the afternoon, a large order of 1,183 lots blocked its price at the upper limit until the closing.
"pretty!"
Liu Bin slammed his palm on the keyboard.
One daily limit is more than one million yuan!
If the good news Cao Song mentioned is true, there may be more daily limit increases, and the amount of his own funds will definitely soar again.
Cao Song, standing nearby, also complimented him, "Young Master Liu is doing two things at once. He's already caught a limit-up with just one move. It really puts me to shame!"
Liu Bin curled his lips and said, "Don't give me that shit. I'm in a good mood today. Come on, tonight, I'll treat you to a good time at the Swan Lake Club."
Cao Song was stunned when he heard this.
Swan Lake Club is the most famous nightclub in City B. The princesses there are not only beautiful but also multi-talented. A single night there would cost thousands or even tens of thousands of yuan.
Liu Bin smiled and said:
"What? You don't dare to go? Are you still pretending to be a gentleman? Tonight we'll spend 200,000 yuan, and we'll order more than 20 girls. We won't go home until we've spent all the money, hahahaha..."
"Hey kid, pay attention and find out more. If you can get some real insider information, I'll give you half of the commission after the profit!"
Liu Bin patted Cao Song on the shoulder and said.
Cao Song was flattered and said quickly, "Thank you, Mr. Liu. I will definitely work hard."
After the market closed, the two men called a few friends and went straight to the Swan Lake Club, where they ate and drank to their heart's content and indulged in sensual pleasures all night long. They did not return to the trading room until nine o'clock the next day.
On June 18, the Shanghai Composite Index opened low and continued to fall, falling by -3.67% throughout the day, almost breaking the golden needle bottom of the previous day. This made many investors panic again.
On June 19, the Shanghai Composite Index opened low and plummeted -6.42%. The market continued to fall from morning to afternoon, causing bloodshed in the stock market. A total of 1,096 stocks in the two markets hit the limit down, which directly turned the faces of investors in the Changzheng Securities business department green with anger.
Everyone looked at the big black candlestick, either stunned, or in disbelief.
"The adjustment is only temporary, and the market's quarterly line provides strong support."
"That's right. It's just a plunge on reduced volume, which means there's no capital flight. Look, it also fell -6.5% on May 28th. Didn't it then plummet all the way from 4,400 points to over 5,000 points?"
"Bull markets often experience sharp declines in order to scare out panic selling and encourage further rises. Don't be afraid."
In the forum, stock investors comforted each other and discussed the market conditions of the past few days.
Gan Yitong was already frantically busy. He held the phone and kept yelling, "Wang Hu, Wang Hu, hurry up, raise the closing line a little more."
"Zhang Liang, Zhang Liang, did you drink too much horse piss yesterday? Why is your mind so muddled? For all, and I mean all, accounts at risk of liquidation, call me to demand payment of margin. If not, liquidate immediately. Don't be so soft-hearted. What? Not enough people to make the calls? Go to the Changzheng Securities branch next door and find a few stock traders at a high price and have them make the calls."
He called one, hung up one, hung up one, and called another one. He was so busy that his mouth was dry and his tongue was parched, but he didn't dare to stop.
In the past two days, the Shanghai Composite Index has plummeted for two consecutive days, with a drop of more than 10 percentage points. Many stocks have fallen by more than ten points, and some stocks have even hit the daily limit.
In the company's margin trading business, some clients with a 1:10 margin trading account had their principal wiped out after a single limit down, leading to a direct liquidation. Some clients with a 1:5 margin trading account also experienced two consecutive limit downs, leading to a liquidation.
In order to liquidate stocks in a timely manner and recover funds, Gan Yitong ordered Wang Hu from the technical department to call every customer whose financing leverage exceeded one to four and require them to pay full margin, otherwise all positions would be closed.
There is no other way. Ever since ZJH required the cleanup of OTC leverage, the market has fallen too fast and too sharply in the past two days. In order to ensure the smooth return of funds, Gan Yitong can only resort to this last resort. I would rather die than let my friend die.
Liu Ying was also having a headache about the same thing.
Although the financing leverage of securities companies is not high, mostly at one to one, one to two, and at most one to three, but the plunge in the past two days has caused some unlucky customers to step on the landmine and suffer several limit downs. Their capital accounts are already near the liquidation line.
A typical example is the big bull stock CRRC Corporation Limited, which has plummeted from its highest point of 32.05 yuan to 16.30 yuan on June 19, a direct halving!
To this end, Liu Ying had to call each customer one by one to urge them to pay the full deposit.
Off the market, undercurrents are surging, funds are being withdrawn silently, and the noose is getting tighter and tighter.
However, most of the investors in the market did not notice it and were still staring at the stocks in the stock market, fighting fiercely, expecting and hoping, and fearing and greedy.
Reluctant to leave.
-----
Experiencing a stock market crash and a bear market is the best wealth for new stock investors. Let us feel the madness and fear of the 2015 stock market crash!
Continue read on readnovelmtl.com
