My Fintech Empire

The people in the village didn't want to take out the bottom of the tool box, so they could only ask Qunxing to come over and lend a hand. At least make a phone call to see if there was any chance. If there was no chance, they would think of something else.

As for other institutions, whether it is public or private placement, they cannot count on it, and ordinary retail investors are not within the scope of consideration at this moment.

Public funds are now pretending to be dead, and the reason is very simple. First, what they earn is relative income. Just beat the index by adjusting positions and exchanging shares. Holding together for warmth is a consistent operation. After 3678 points to 3200 points, After the sharp decline, almost all public funds were trapped above 3,500 points, and it is no longer possible to build large positions now.

For the vast majority of private equity institutions, since they pursue absolute returns and many have set stop-loss lines, they are either locked in at a high level and have no money to buy the bottom, or they are forced to clear their positions when they are close to the stop-loss line. Nowadays, they have Wait for a short position and do not dare to open a position easily to prevent the position from being liquidated.

Ordinary retail investors almost always chase the rise and kill the fall. When the stock market drops sharply, the vast majority of investors will choose to cut their stocks and exit. Only after the market rebounds for a period of time will they decisively chase the rise and enter.

It is the top technical players who will overcome fear and intervene decisively when the index falls into the preset range. When the index rises for a period of time and the graphics repair is relatively perfect, they will overcome greed and choose to sell.

However, technical players can do little to help the current market, and sometimes they become accomplices in the market's decline.

Only Qunxing Capital can spare the efforts at this time and turn the tide from imminent collapse.

…

At about two o'clock in the afternoon, Fang Hong received a call from the village, asking him to raise a big ace. It was natural for Fang Hong to sell this face and make some money.

After ending the phone call with the new village chief, Fang Hong immediately contacted Tian Jiayi: "Notify the traders below that they can enter the market."

Tian Jiayi called back: "Okay."

After ending the call, Tian Jiayi immediately started making arrangements.

At this moment, the comment sections of major market index software and stock forums are filled with howls and curses.

[Thousands of stocks dropped to the limit to bid farewell to the old year, and millions of people liquidated their positions to welcome the new year. ]

[After the IPOs of seven banks on the main board, it would be strange if funds were not panicked and they ran away. Oh, by the way, I forgot that 26 new stocks will be registered and listed on the SGX next week...]

[What about the agreement that no new shares will be issued below 4,000 points? ]

[Da Xiao has become a joke. ]

[You are someone who really understands A-shares, right? All his performances reflect the essence of Big A, the Year of the Monkey, the monkey show, the monkey market! ]

[Hahaha! ]

[This month, I was comforted by Da Xiao all the way from 3500 points to 2600 points, which was miserable. ]

[Da Xiao at 3500: I can already smell the faint fragrance of the calf. At 3300 points, Da Xiao: What a pity, what a pity, foreign capital has taken away the bottom again. Da Xiao at 3100: It is a short trap. The zodiac sign at 3000 points: Cherish the precious time of 3000 points. The big zodiac sign at 2850 o'clock: The baby's bottom cannot be broken; the big zodiac sign at 2639 o'clock: Spend more time with your family. ]

[Da Xiao: The placental base is officially established today. . . ]

[It’s hard to tell where the bottom is. If you don’t lose much, just cut it. With the current trend, many stocks can become bottoms if someone is willing to pull them up, but it is not up to Xiao San to decide whether to pull them up. As for the fundamentals, I don’t understand, and I can’t believe whoever said it. , except K God, no, I can’t believe even K God’s words. K God has also overturned. The optimistic New Securities 50 Index is also a bear. I thought it would have a new look, alas...]

[Is this position still bearish? Seeing that all the experts were bearish, I felt relieved and added two layers of new certificates 50ETF to suppress my shock. ]

[I just want to ask if the market index has plummeted by -30% in one month. Will the major shareholders who were allowed to reduce their holdings on the 8th still reduce their holdings? ]

[Why not reduce it? Do you know how low their cost is? In their eyes, if they don't cash out, the stocks in their hands are like toilet paper. Only when they cash out and exchange for real money can they get real money. Why not reduce it? ]

[Contempt 3000 points, fear 3000 points, penetrate 3000 points, question 3000 points, understand 3000 points, miss 3000 points, beg for 3000 points...]

…

The current market sentiment in Big A is full of panic, with people wailing everywhere. The main reason is that they have lost confidence in the market, and the management has not made any clear news, such as policies to stabilize the market or stabilize the exchange rate.

Soros threatened to short the RMB last weekend, and domestic mainstream media and major newspapers issued various warnings, which was regarded as an act of rhetoric in the eyes of investors. The day before yesterday, on Monday, everyone thought that Team Guo Jia and the super main force would work together to support the market, but it turned out not to be the case. It was reported that Qunxing Capital was accused of currency manipulation by Lao Mei, and then it started to panic. It continued to panic today, and there was still no rescue. The market exploded all the way to more than 2,600 points.

In fact, just last week, the deputy village chief said in Davos that he would give up intervening in the market. In any case, this incident caused the little bit of market confidence that had just been built to collapse again. In the past two days, the confidence has been completely gone. Some people were waiting and watching. Buying the bottom has made everyone lose their bottom, and the entire market is in panic.

…

Just when the investors in Big A were despairing, after 2 p.m., the Shanghai Stock Exchange Index, the Small and Medium Enterprises Board, and the ChiNext Index all suddenly rose in a straight line. The "Petrochemical duo" next door continued to rise in late trading and also helped the market index. Attack all the way.

At around 14:30 in the late trading session, the Shanghai Stock Exchange Index actually reached the 2,750-point level and turned red. The late trading session was a moment of great miracle, and the index also developed a K-line pattern of a golden needle probing the bottom.

Almost everyone, including the retail investors themselves, firmly believed that the sudden surge in the Shanghai Stock Exchange Index at this moment was definitely not something that retail investors could do. For a while, investors from all walks of life were extremely curious, who made a large-scale entry into the market at this time to support the market? How should the market outlook be interpreted?

There is no doubt that the funds that underpin the market are the stars.

Near the close of trading, the Shanghai Stock Index fell back, finally closing down -0.52% at 2735.56 points.

The NSE 50 index stabilized above the red zone and finally closed up +0.55% at 803.14 points.

As the stars entered the market and raised their hands, whether it was the 2638 points of the Shanghai Stock Exchange Index or the 780 points of the New Securities 50 Index, the real market bottom came out today. The Shanghai Stock Exchange Index will not break this new low again for up to two or three years in the future. The NSE 50 index dropped to 780.15 points, which is a historic bottom. It will never be lower than this position in the future, but now all funds are not aware of this.

…

The next day came, Thursday, January 28th.

Today, the A-share market retreated again, with the three major indexes falling across the board, but they did not break new lows.

The Shanghai Composite Index closed down -2.92% at 2655.66 points; the Shenzhen Component Index fell -3.61% at 9082.59 points; the NSE 50 Index closed down -2.54% at 782.76 points.

Just when everyone was bearish after the market closed, a piece of rumor spread that day and aroused huge attention in the circle.

According to insiders, the mysterious funds that suddenly entered the market at the end of yesterday were supported by Qunxing Capital. There were even rumors that the villagers called Qunxing yesterday and then supported the market.

The news spread quickly among investors and stockholders, as if it had wings.

The stars are once again supporting the market. This may be the most significant good news in the stock market since the beginning of 2016. The influence of God K is really too great.

Fang Hong's Weibo is very busy at the moment. A large number of stock investors and netizens have come to his Weibo account to leave messages or send private messages to verify whether the rumors that appeared today are true or false.

...(End of chapter)