Chapter 85: From Thousands of Stocks Hitting the Limit to Thousands of Stocks Hitting the Limit
"Brother, please don't hang up yet. Listen to me first. The trial coupon you just received has not been activated yet. This coupon is only valid for one day. If you don't activate it today, it will expire tomorrow. You can activate it by depositing one yuan. It only takes one minute."
Qin Tianyou said, "Brother, I am just trying to make a living. I would like to ask you to be so kind as to click on it and activate it. I would like to help me start a business and give you another way to make money."
Qin Tianyou was a good salesman, and he kept nagging at him tirelessly. Liu Bin had no choice but to put his phone on speakerphone, leaned against the computer monitor, and said, "Okay, I get it, I'm hanging up."
"Brother, I saw from the backend that you haven't activated it yet. Oh, brother, I'm also an old stock investor. I don't know if you have read the weekend news. There are a total of eight news reports about the rescue of the market this time. All of them are heavy-weight and they are all real money to rescue the market. Our company's analysts said that looking at the intensity, compared with 2007, the market may hit the daily limit, and individual stocks may have at least two daily limits." Qin Tianyou continued.
"Nonsense, the market's limit up? You're dreaming! Stop trying to fool me!" Liu Bin had suffered a loss a few days ago and now simply didn't believe it. He couldn't help but curse, "Stop trying to trick me! You're trying to make me lose money again?"
Qin Tianyou heard this and said with emotion:
"Hey, brother, we've never met before, how could I possibly cheat you? I'm just sharing the opinions of our chief analyst. Look, the market has plummeted in the past few days, so it's time for a rebound. And with the bailout, how could it not? I suggest you choose high-quality stocks and buy at the bottom..."
"roll!"
Liu Bin cursed and hung up the phone. After thinking about it, he decided to activate the trial voucher. It was only one yuan anyway. What if he needed it?
These days, he was first deceived by Cao Song into a pig-killing scam, then he studied various technical books, and blindly believed in various favorable policies. However, the more he traded stocks, the less he felt, and he either suffered huge losses or his positions were liquidated.
Now, he doesn't trust anyone, and he dares not trust anyone. He only trusts himself.
As he was cursing, Liu Bin felt a slight headache. He closed his eyes, lay down in front of the computer desk, and fell into a deep sleep.
July 6, 2015. Monday.
The stock market opened under the watchful eyes of the public.
The Shanghai Composite Index opened 7.8% higher!
3975 points! That’s a nearly 300-point increase from last Friday. Over a thousand stocks in both markets hit their daily limit one after another.
"Limit up!"
"Limit up!"
"Continue to limit up!"
“Mine also hit the daily limit!”
In the business department of Changzheng Securities, investors were cheering as if it were New Year's Day, shouting, venting, and getting excited. They envied the investors around them who were watching the show with empty positions and felt extremely regretful.
Zhao Xinyue and Lin Menghan also widened their eyes, their faces full of disbelief.
The shouts woke Liu Bin from his sleep.
He rubbed his sleepy eyes and looked up, only to see investors in the Changzheng Securities sales department waving their hands and celebrating the daily limit of their stocks.
"The stock price has reached its daily limit? Thousands of stocks have reached their daily limit?"
Liu Bin rubbed his ears again, unable to believe it. He quickly turned on the computer and looked with red eyes, only to see that all his selected stocks had reached their daily limit!
Without exception.
"Impossible! Why did the stock hit the daily limit when I wasn't there?!" Liu Bin still didn't believe it, and looked through the brokerage software again, only to see the entire screen was red. Almost every page of stocks had hit the daily limit.
"I, why did I fall asleep?! Couldn't you just wait a little longer?" Liu Bin regretted it more and more. He couldn't help but reach out and pinch his thigh hard, saying, "If I had entered the market with all my money, I might have almost made back my money by now!"
"No! This is a rare opportunity. I need to immediately analyze the market and determine how it will develop next!"
Liu Bin hurriedly opened the software and rushed into major stock forums. At this time, no matter where he was, there were voices of optimism and cheers of victory. This was difficult for him to accept and he felt extremely painful.
A fish’s memory is only seven seconds, while stock investors’ memory is only three seconds.
Faced with the surging market, Liu Bin had long forgotten the fear in his heart of the previous two days, and the huge losses he had suffered. In his eyes, the current stock market is full of opportunities, all of which are great opportunities that can allow him to make back his investment and then make huge profits!
As if it were within easy reach.
A few minutes later, Liu Bin saw a hot post on the forum.
"Historical data shows that with such a strong rescue, the market will hit at least one daily limit, and individual stocks will hit at least two daily limits! Investing now is absolutely risk-free arbitrage!"
The post lists the 2008 rescue policies and makes detailed comparisons, which seems to be well-reasoned.
The more Liu Bin read, the more he felt it made sense, and his greed grew stronger. He made up his mind and thought to himself, "Success or failure depends on this one move! All in!"
He looked through the K-line charts of various stocks. The more he looked, the greedier he became. Finally, his mind was fixed on Zhenxin Technology. This stock almost missed the bull market in 2015 due to restructuring. After resuming trading on June 11, it had five consecutive daily limit increases and then began to adjust at around 27 yuan. Even though the market fell by 30 points, it hardly fell at all!
"This is a strong stock, a leading stock. All the technical indicators are excellent. I must grab it!"
The more Liu Bin looked at it, the more he liked it. He held the mouse and was about to buy it with one click.
Suddenly, Qin Tianyou called again.
"Damn, this is so annoying! Is it going to end?!" He cursed and hung up the phone, but then something clicked in his mind. He transferred the funds out and remitted them to Jinniu Online Lending. Using the trial coupon, he increased the leverage to 1:5! The amount of funds reached 18 million yuan again!
"The strong will always be strong. It doesn't matter if the stock is a little expensive. Buy it! It is 50 yuan now, and it has only increased by 7.74%. Maybe in a few minutes, it will reach the daily limit." Liu Bin thought so and went all in with one click.
After buying it, he felt very proud and went to the bun shop outside the door. He ordered a few buns and a bowl of eight-treasure porridge and started eating.
But while he was eating, he heard bursts of "Ouch" and "Ouch" sounds coming from the Changzheng Securities Sales Department. Liu Bin felt something was wrong, took out his mobile phone and was instantly chilled to the bone.
The market plummeted all the way, and Zhenxin Technology was hit by a large order of 1,000 shares, which directly brought its share price down to -5%. It struggled for only 20 minutes before being locked at the lower limit.
In just one day, it fell by more than -17%!
-17% more!
This, this, is it going to explode again?
Liu Bin opened the software with cold hands and feet, looked at the account, and saw that the account had been frozen, showing a big -60,000.
"It's okay, I only lost -60,000 this time," Liu Bin was relieved for a few seconds, but then he thought about how the 5 million yuan he had just obtained was gone again, and he couldn't help but feel heartbroken.
On this day, the Shanghai Composite Index opened with thousands of stocks hitting the daily limit, then plummeted all the way to thousands of stocks hitting the daily limit. In the final trading session, heavyweight stocks made a surprise attack and the index barely closed at 3775 points, up 2.41%. 920 stocks in the two markets hit the daily limit.
Countless stock investors went from hope to despair, and fell from heaven to hell in one day.
At this moment, A-shares seem to be setting records all the time.
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