Chapter 22: A lifesaver
22. Lifesaver
Dong Yaoqian, the manager of the Wenzhou business department of China Galaxy Securities, was a little "neurotic" during this time------- which was what his subordinates commented on him. Dong Yaoqian himself knows, but after a moment of greed and misjudgment, what he brought to him was not the goddess of luck again, but the sharp shrinkage of wealth, and even a few big customers who followed him also suffered heavy losses, where to find that life-saving straw now?
Since the top management issued a "combination punch" in May: expansion, stamp duty increase, strict investigation and punishment of illegal funds into the market A number of administrative interference measures. The head of the mad bull in the stock market was finally held down and turned downward. The speed of decline is so fast that people are caught off guard, one wrong step and one wrong step, the day of China's stock market is still surnamed G, and the tens of millions of shareholders who are trapped in the stock market have once again experienced the cold winter.
Dong Yaoqian remembered that the person who opened an account recently was still a person with an Anhui accent, and there was a teenager next to him------ the outsider was not impressed, looking like a passerby; but the teenager was different, standing like a pine, sitting like a clock, although the clothes were not fashionable but very neat, and his manners were also polite, 160 tall, dark eyes------
Although out of professional sensitivity, Dong Yaoqian knew that there was something greasy in this, but due to the current situation and facts of the account opening indicators------ he didn't see it, and the only thought left in his heart was to pity ------ another young shareholder who was about to step into the fire pit.
This teenager is Zheng Xuanqi, and through a transaction of 200 yuan, he bought the right to use the account of a migrant worker. Although there were some violations, in '97----- this area was still on the fringes of law and policy.
What is the purpose of laws and policies? Protecting the weak and maintaining order? Yes, very right!
But that is limited to the realm of ordinary people. In places where the sun shines, we can enjoy warmth, harmony and stability, but where it does not shine or after the night turns to darkness, the weak prey on the weak, the survival of the fittest------ the law of the jungle is the way to survive and make money. As class rulers, they will not publicize it and spread it widely! It will always be a minority who understand, master, and apply it freely!
Human society has limited resources, and only by ensuring that truly intelligent and powerful people can get through the loopholes and obtain resources, can they give priority to survival and pass on excellent human genes------- which is not something that can be learned from textbooks and ivory towers, but Zheng Xuanqi knows.
Zheng Xuanqi borrowed 5,000 yuan from Wang Jieren ------ Wang Jieben insisted repeatedly, so that Zheng Xuanqi had no choice but to leave the 5,000 yuan in the name of the mortgage of the novel; plus the hundreds of yuan around him were all invested in this great wave of stock market decline------ fifth bear market in China's stock market.
Several professors and teachers who have a lot of experience in China's financial development, when they mention the development process of China's stock market in securities, analyze the dark horses of data, time points, and stages, and at the same time, they also feel that the once great opportunity is fleeting------ but in this way they have turned the boring theoretical classroom into an active discussion.
In order to better participate in this kind of open learning and discussion, and in order to complete the credits, the library, reading room, and Internet café naturally became popular places for students, including Zheng Xuanqi, who was in college at that time. Comparing bears and bulls, screening black and white horses, analyzing rises and falls, and fantasizing about how to operate have become Zheng Xuanqi's special study topics in a certain semester. It wasn't until later that Zheng Xuanqi understood that theory is always theory, and practice will make you bruised!
First-class theory, second-rate quality, and third-rate technology will only make people's heads broken in the sea fight. Only after experiencing a few bears and cows can a rookie grow up to become an old driver. In his previous life, Zheng Xuanqi was fortunate to be one of the 1%!
In June 1997, the Shenzhen Component Index rose by 237.4 points, or 4.9%, and the Composite Index rose by 4.43, with a turnover of 174.31 billion yuan. The market experienced sharp ups and downs throughout the month, with the Shenzhen Component Index amplitude reaching more than 20%. It wasn't until June 13 that the decision to punish the violators was announced, and the market stopped falling and rebounded. But then the suspension of Shenzhen Development will once again plunge the market into a leaderless group. By June 20, the resumption of trading in Shenzhen Development led to a sharp rise in the Shenzhen market, and then fell back at the end of the month under the impact of the centralized listing of new shares. Among them, Shenzhen Tianma A, Fenghua Hi-Tech, Sichuan Changhong, etc. have all walked out of their own unique market.
Zheng Xuanqi took advantage of this kind of foresight and opportunity to bite a bite of bloody fresh meat in this plummeting market. He relied on his memory and the K-line historical charts in the database, bought low and sold high, and frequently traded shares in swings, just in pursuit of the highest returns.
Dong Yaoqian is very lucky, because of the supervisor's authority, he can check the transactions of new and old customers through the background. Due to the scarcity of new customers in the early stage, he easily found a special account when he routinely checked the trading status of new customers: 10% profit on the first day and 13.5% profit on the second day.
A new client may be lucky to buy on the first day, but a profit of more than 13% on the second day may be a bit special. By carefully checking the transaction details of the account, Dong Yaoqian found that the stocks selected by this customer would have a good return if they were not operated the next day, but the customer was very confident in his own judgment, like a clever "assassin", who left with one blow; However, when the final closing time line is changed, the selling point and buying point selected by the customer are near the highest and lowest points of the day, and there is only a few notches before and after.
Taking a deep breath of cigarette, Dong Yaoqian leaned on the guest chair and looked at the ceiling, as if he had a feeling that this customer seemed to have a pair of "eagle eyes".
Everyone has selfish intentions, especially in the securities industry, where inside information comes first and technology comes second. The "Eagle Eye" customer found that Dong Yaoqian finally thought that he had found the life-saving straw, and the torment of "nervousness" made him almost cry out. He decided to break the cauldron tomorrow and take the initiative to meet this mysterious "assassin".
On the third day of trading, Dong Yaoqian waited in his office early: in the morning, 600***, 9.25 bidding, 9.30 opened 2% higher, 9.55 pulled up to 7.8%, cross sell, 11.02 cross buy 002*** with a decline of -7.4%, 11.11 straight line up, 11.30 paused, 002*** has turned red 0.4%, 13.00 pm, 002*** opened 1.3% higher, 13.15 turned green -1.2% , and then fluctuated around the moving average, and 14.05 rose straight up to close the daily limit.
Dong Yaoqian looked at the trend chart of the two stocks 600*** and 002***, and carefully compared: the highest point of the former rose at 8.2%, appeared at 14 o'clock in the afternoon, and closed up 5.8%;