rebirth against the times

The stock market on Friday soon ushered in the opening moment. Xunying's stock price reached 570 yuan in pre-market trading. After the opening, it continued to rise and quickly exceeded 600 yuan.

"If nothing else happens, it should continue to rise today. Boss, do we really have to close our positions in a hurry?" William asked.

Bai Shuo: "William, you can never make the last penny. This is what you taught me back then."

William: "Haha, boss, I didn't expect you to be so rational at such a crazy time. Well, we have made enough this time, and it's time to stop."

An hour and a half after the market opened, Xunying's stock price broke through a high of 670 yuan. At this time, the stock price suddenly turned downward, sliding downward rapidly with a diagonal line of almost 45 degrees.

Everyone in Bai Shuo stood up from the sofa in an instant.

"William, what's going on? Why did you suddenly fall so hard?"

William: "I found that just now the buying volume weakened a lot almost instantly. I don't know the specific reason yet."

Liang Ying immediately asked everyone: "Is there anything going on in the news?"

"Nothing bad was found."

"No."

"Not found."

Bai Shuo looked at the trend solemnly, thinking about how to deal with it.

"William, how much do we have left?"

William: "About 20% of the positions in all stocks, futures, warrants, and gambling products have been sold. The boss's situation is unclear now. Do I need to continue selling?"

Bai Shuo only hesitated for a few seconds and immediately ordered to William: "William, speed up and throw as much as you can."

Time passed by, and in just over ten minutes, Xunying's stock price fell from a high of 670 yuan to below 600 yuan.

"The reason was found!"

Zhong Pengcheng's loud shout immediately attracted everyone's attention.

"This is really unheard of. A broker has just issued a trading restriction order on two trading platforms where retail investors are concentrated, saying that in order to protect the interests of retail investors and promote rational investment, retail investors can only sell but not buy Xunying stock."

"Damn it, I have news here too." Cao An also made a discovery: "The social software of several websites with a large number of retail investors has just shut down the servers, and those that have not shut down have also deleted all the comments of netizens."

This news overturned everyone's understanding. Unexpectedly, in order to reduce losses, these capitalists had no bottom line and no principles.

"Isn't this unreasonable? Isn't this a scam?"

"This is a crime! Shameless and obscene, with no bottom line."

"This is the bloody capital market. Retail investors are only allowed to lose money and are not allowed to make money, because the rules and rights are in the hands of the bankers."

At this time, Liang Ying suddenly said: "Don't discuss this anymore. The most important thing now is how to deal with it. We still have a lot of goods that we haven't sold yet."

Liang Ying's words made everyone calm down and think about the current situation.

"You fell so hard, why don't you try to stabilize yourself?"

"What are you waiting for? If you wait any longer, there will be nothing left."

"Now the only thing we can do is compete with them on speed. Ship quickly and earn as much as you can."

"The actions of these two brokerage companies will definitely be punished, and we should short them immediately."

…

"Okay!" Bai Shuo stopped everyone's discussion and said: "Let's sell quickly while there is still a lot of profit margin. Part of the transferred funds will be shorted by the two brokerage companies, and part of it will be used to buy the top short positions currently.

50 stocks. What do you think?"

Everyone was silent for a long time. Zhong Pengcheng first asked: "I have no objection to the first two measures you mentioned. What does it mean to just buy the top 50 stocks with short positions? Are you going to be the enemy of short sellers all over the world?"

Bai Shuo smiled slightly and said, "Why not?"

"What? Fight all the bears on your own?"

"Isn't this a joke?"

…

"Okay, I think it's okay." When everyone was hesitant, Liang Ying first expressed support.

"This Xunying incident has taught the short side in the market a profound lesson. It can be said that the short side has become frightened. I think in a short period of time, everyone will be deeply concerned about short selling, and I also

We have observed that short sellers in the entire U.S. market are showing signs of retreat to varying degrees. We are now taking advantage of the overcrowding of short positions to buy a large number of stocks of heavily shorted companies. Maybe it only takes a little movement for those frightened birds to retreat hastily.

"Liang Ying explained.

Only then did everyone understand the deeper meaning.

William increased the intensity of shipments in accordance with Bai Shuo's instructions. At the same time, Weilun, Andre, and the Fuxing Gang also began to sell their stocks and various securities and futures products in unison.

Xunying's stock price began to fall even more violently.

Two hours after the market opened, Xunying’s gains today had all been wiped out.

In 3 hours, the stock price fell below 400 yuan.

In 4 hours, the stock price fell back to 320 yuan.

In 5 hours, the stock price had dropped to 210 yuan, a drop of 59%.

"William, how much goods do we still have on hand?"

"Boss, I have only sold less than 60% of the goods now, and I still have almost half of the position on hand."

Bai Shuo: "William, I see that the intensity of the decline seems to have weakened."

William: "Yes, the trading volume has also shrunk a lot. I think the energy of the short side has been released almost."

At this time, Bai Shuo looked at Liang Ying and said, "What do you think if we go in again now?"

Liang Ying was stunned for a moment, then showed a smile of approval and said: "This idea is very bold, but I think it is feasible. Recruiting the carbine should have miraculous effects."

Bai Shuo looked at Brother Xiaoma and Qiangzi again: "What are your opinions?"

The two of them seemed to be still a little frightened, and when they asked for their opinions, they just expressed their trust in Bai Shuo's judgment.

After receiving the support of everyone, Bai Shuo immediately asked William to stop selling and buy instead.

The stock price quickly found support at 200 yuan, and then began to rise slowly.

William bought all the way and soon restored his position to 70%.

As of the close of trading, Xunying's stock price barely stood at 282 yuan, falling 45% throughout the day.

Although the market has closed, everyone's mood still cannot calm down for a long time. This can be regarded as the most thrilling day this week.

Bai Shuo: "Okay, the market will be closed for the next two days. Let's take a good rest. The outcome will depend on how the news changes in these two days."

Brother Xiaoma and Qiangzi walked up to Bai Shuo and said, "Brother Bai, we have been staying here for a week, and it's time to go back."

"Yes, thank you for your warm hospitality these days. I think we will never forget the experience these days. I will leave the rest to you. No matter what the outcome is, we have no objection."

After bidding farewell to Xiao Ma Ge and Qiang Zi, Bai Shuo immediately went to Nangong Ming's residence to prepare to plead guilty to Nangong Ming.

Bai Shuo truthfully conveyed what Professor Tan said, elaborated on his thoughts on some issues, and had a long conversation with Nangong Ming. In the end, Nangong Ming gave up his obsession. Faced with the results of the day, Nangong Ming

He also has to admit that if he follows his ideas, it will indeed be difficult to fight against the entire financial system on his own, not to mention that the other party uses such despicable methods.

After eliminating the unhappiness, Nangong Ming soon fought side by side with everyone again. In Nangong Ming's words, next Monday will be the last battle. Although the victory is already guaranteed this time, the ultimate benefit will depend on Monday.

The result is.

During the past few days of the trading suspension, various information channels have strongly condemned the broker's rogue behavior, and the outcry has become louder and louder than ever. Although during this period, some people came forward to explain the broker's behavior,

It was said that it was to promote rational investment and prevent systemic risks in the entire financial system, but these people were soon drowned in the spit of the masses and never dared to speak out again.

A well-known financial analyst: "The trading restrictions on the platform have led to suppressed trading volume. The reason why the stock price can remain high is because of active trading. I am surprised by the trading platform's actions, unless there are some inexplicable hints of manipulation in the trading."

thing, otherwise trading platforms should stay out of it and allow investors to conduct whatever trades they desire.”

Chairman of the Board of Directors of a listed company: “On the one hand, they have created various rules to require retail investors to follow these rules, and on the other hand, they themselves are constantly breaking the rules. What is even more shameful is that the reason for breaking these rules is to protect the interests of retail investors.

But we only see that retail investors are constantly being harvested as leeks, and the interests of retail investors have never mattered."

A financial sector official: "In Europe, it is expressly stipulated that recommending stocks to each other on forums or between relatives is illegal investment consulting and is strictly prohibited. But our regulations are looser than in Europe, so we gave Snow Leopard Capital such a

The noisy short sellers take advantage of the opportunity, that is, they can issue research reports while opening short positions in advance, and operate in the opposite direction to the research reports, which is tantamount to 'cutting leeks.'"

A netizen said: "In the long history of history, retail investors have never won because they faced a group of rogues, and these rogues are all very powerful."

A netizen said: "This is the free market we advertise. It turns out that the freedom is only for the bankers. If they can't play, they just flip the table and only allow selling but not buying. It is also admirable. This is the glorious moment of Wall Street."

A netizen: "Long live! Great liberalism. Long live! Great free economy..."

…

On Saturday, many retail investors began to organize and prepare to file lawsuits against unscrupulous brokers. Some members of Congress also began to join the ranks of condemnation, criticizing personally that trading restrictions should not be imposed on retail investors.

Later, the U.S. Securities and Exchange Commission issued a statement saying that it would pay close attention to the development of this incident.

"We must deal with those hedge funds whose unethical behavior directly contributed to the recent market turmoil," one official said. "We must look at the entire market and how hedge funds and their financial partners manipulate the market to benefit themselves at the expense of others."

A costly act.”

On Sunday, the government agency began a formal investigation into two brokerage companies and ordered them to stop erroneously restricting trading.

Faced with an almost one-sided situation, the market situation seemed to become clear again on Monday.