Chapter 87: Fierce Battle with "China Ping An"
Li Feng waved his hands and said, "Brother, don't talk nonsense. Am I that kind of person? I only have one girlfriend. The other one is just a friend who learned stock trading from me. Don't talk nonsense."
Gan Yitong heard this and grinned, saying teasingly:
"Brother, we're both men, so don't try to play that on me. Who didn't have a multitude of women when they were young? Not to mention, you're a millionaire now. Who knows, after a few more years of stock speculation, you'll be a multi-millionaire. Look, which multi-millionaire doesn't have three or five women around him?"
"I'm telling you, while you're young and can still have fun, have fun. Don't wait until you're old and like my brother, your kidneys are no longer strong enough to play anymore. It'll be too late to regret it then!"
Gan Yitong's nonsense made Li Feng smile bitterly.
He comes from a rural background and has been raised in a very conservative way about matters between men and women. How could he be as open as Gan Yitong said?
Helpless, he could only say: "Okay, brother, don't say any more. The stock market is open. I'm going to go downstairs to check the market. I won't nag you anymore."
"Go, go, my brother, pick the flowers when they are in bloom, don't wait until there are no flowers left and there are only empty branches to pick!" Gan Yitong taught earnestly.
Li Feng shook his head and returned to the trading room.
Lin Menghan stared at the computer monitor, her cheeks flushed with excitement, like two red apples, very tempting.
Li Feng couldn't help but think of what Gan Yitong had said before, and his heart darkened. You and I are destined to be together, but in the end we are not meant to be.
Zhao Xinyue shook Li Feng's arm and shouted, "Li Feng, what are you staring at? Come and see, there's good news again!"
"What rescue policy? So fast?!" Li Feng asked.
"The China Financial Futures Exchange has restricted the number of open positions in stock index futures," Lin Menghan said, her eyes twinkling as she smoothed her hair. "It's said that many institutions, even malicious forces, are opening short positions in stock index futures while simultaneously selling large amounts of blue-chip stocks, thereby achieving double profits and reaping the benefits."
"Retail investors can only trade T+1, but they can trade T+0. It's so unfair! This is worse than cutting leeks, it's like pulling out the roots," Zhao Xinyue said angrily. "They think they can do whatever they want just because they have a lot of capital. They're really restricting it!"
"What do you think?" Li Feng raised his head and asked.
Both Zhao Xinyue and Lin Menghan felt insecure.
Zhao Xinyue then said, "Let's see what our fellow shareholders think."
Lin Menghan's eyes lit up and she opened the famous stock forum.
The atmosphere in the forum has changed again, becoming even more bizarre. Many investors have developed paranoia and are afraid of good news.
"Please, leaders, stop issuing favorable news, leave us alone, and let us fend for ourselves. I've had favorable news for five days, and I've already suffered five limit-down days. I really can't hold on any longer..."
"Yes! If we release good news, it will also benefit those LJs that opened high and shipped. It would be better not to release it. Let the market fall all at once. After the fall, there will be a rebound. It's nothing like now. It falls every day, falls every day, falls endlessly, and never sees the light of day..."
"It's absolutely true. I was deceived by this good news. Now I'm stuck at 4000 points. I can't go down. I want to go up. Who can save me?"
Zhao Xinyue, Lin Menghan and Li Feng looked at each other in confusion.
This stock market crash has really made investors feel a little nervous.
"bite--"
Fifty thousand yuan was deposited into Li Feng’s mobile phone account.
Looking at the 50,000 yuan, Li Feng felt a little heavy-hearted, muttering to himself:
"This real-time trading competition has lured countless people into leveraging their investments in the stock market. Sigh, this money is really a bit hot to handle."
Zhao Xinyue looked at his expression and knew what he was thinking. She gently held his hand and said with a pout:
"More than a dozen days ago, when you were liquidating your position, no one believed you. Your submission to the newspaper was rejected, and you ended up posting it on a forum, where you were ridiculed. Li Feng, you've done a good job and have no regrets. Those who truly listened would have already followed your lead and exited. For those who didn't, what can you do? And you're still rushing in to help others with their trading?"
Lin Menghan also advised, "That's right. Stock trading is ultimately a personal matter. Even if they don't raise funds from Hengtong Finance, they will find other channels to raise funds for stock trading. Even if they don't fall into the trap here, they will fall into the trap somewhere else."
Yes, the stock market is ultimately a world that relies on cognitive games.
People who lack knowledge are paying for lessons, while people who have clear knowledge are exchanging experience for money.
Suddenly, another message popped up on the computer desktop: "More than 600 companies in the two stock exchanges have applied for trading suspensions, accounting for nearly a quarter of the stocks in the two markets."
"this……"
Li Feng opened Xueqiu.com, opened the stock forum, and opened the brokerage trading software. No matter where he looked, there were pages and pages of documents applying for suspension of trading.
This stock market crash forced listed companies to apply for a trading suspension to avoid the limit down, which is really a spectacle.
That night, countless listed companies issued suspension announcements. That night, countless investors could not sleep, fearing that the stock market would continue to fall tomorrow.
The long and difficult night passed just like that.
Tuesday, July 7, 2015.
The Shanghai Composite Index opened lower at 3654 points, -3.2%, but was instantly pulled up to 3700 points and fluctuated around this point. However, at 10:13, as if there was some secret signal, selling orders poured out and plunged the market to 3585 points in one breath, and the decline suddenly reached -5%.
Countless investors, looking at this drop, felt nothing but despair in their hearts.
Is today another day when thousands of stocks hit the daily limit?
Is the national team's defense going to fail today?!
At this moment, huge amounts of buying poured into the major blue-chip stocks, pulling the market out of the abyss in an instant. Bulls and bears fought fiercely for every point and every rise and fall.
The most intense competition was for China Ping An's stock. Thousands of large buy orders worth hundreds of millions of yuan poured in, forcing China Ping An's stock price down from -8.5% to -1.2% like pulling onions out of dry land, until the closing.
When the market opened in the afternoon, suddenly more than one billion yuan of sell orders came out, which immediately dropped China Ping An to about -4%. A few minutes later, billions of funds came out out of thin air and pulled China Ping An to 3.57%.
At this position, under Ping An of China, there are huge buy orders worth tens of billions of yuan. The company will take as many sell orders as there are, without taking a single step back, and forcibly pull the K-line chart of Ping An of China into a straight line, freezing at 81 yuan.
It seems that time has stopped at this price.
That is, the strength of funds can make time pause for a short time.
After a stalemate of 7 minutes, Ping An of China slightly dropped to 80 yuan, adjusted slightly, and then was pulled straight up to 83.99 yuan. It drew a straight line for 2 minutes and made another adjustment. At 14:50 in the last trading, a super large buy order of 157,300 hands appeared, which immediately locked Ping An of China at the daily limit!
On that day, Ping An of China traded a total of 67.941 billion yuan, with a turnover of 15%, setting a record for the trading volume of a single stock in the two markets!
On that day, the trading volume of the ChiNext was only 28.209 billion yuan. In other words, the trading volume of one Ping An stock was more than twice the total trading volume of the ChiNext!
The same fierce battle also took place in other large-cap blue-chip stocks.
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Now, recalling that day, it still feels like a dream. Old stock friends, what were your holdings on that day?
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