Chapter 42: The Dealer Enters!
"I'm not mistaken, right? One share is divided into 18 shares and then 12 shares, isn't that equivalent to one share becoming 30 shares, even if it is calculated according to the subscription price of 80 shares, the issue price of our original share of Yuyuan Shopping Mall stock has reached 2,400 yuan! But we all know that the market price of stocks is usually 5 times or even 10 times that of the issuance shelf? It seems that we really made it this time!" said the little Jew excitedly.
"You heard you right! Yuyuan Garden Shopping Mall is indeed going to split the allotment of shares. Jia Lei nodded and said.
"Great, this time I will definitely be able to earn back all the money I lost yesterday! Jia Lei, I really thank you, if you hadn't dragged me to buy 200 shares of Yuyuan Shopping Mall, I would have finished today." The little Jew said with tears and laughter.
"What are you done, don't you still have 500 subscription warrants in your hand?" Jia Lei said with a frown.
"You don't know, I sold 300 of those call warrants last week to speculate on stocks. Little Jew said regretfully.
"I advise you not to sell the remaining 200 stock subscription warrants! Now no matter what stocks you speculate, you are not sure to subscribe for new shares, as long as you wait until the new shares that have won the call warrants are listed, and then sell the stocks, you can easily make several times more money. You see, now the stock of Yuyuan Mall has become the original stock of Yuyuan Mall, and the face value has tripled at once! I think the stock price can also triple. Jia Lei said.
"Jia Lei, I also want to thank you, you took my mother to buy these 200 shares of Yuyuan Shopping Mall, this time it saved our family. Hong Chen said to Jia Lei with red eyes.
"Everyone must cover up the stocks of the Yuyuan Garden Mall in their hands, and don't sell them no matter how much money others pay! Do you understand? When the new shares are listed, it will double, and now no matter how much money you buy, you will lose!" Jia Lei warned everyone.
"We know, we won't sell it!" everyone nodded.
As soon as the news of the split of Yuyuan Garden Mall came out, the stock price rose against the market, and the highest price of one share rose to more than 13,000 yuan that year, and the price of stock warrants on the black market also returned to a high level because of the strong rise of Yuyuan Garden Mall!
Everyone knows that the shares of Yuyuan Mall that will be issued this year can only be issued through the lottery of subscription warrants. The fact that the stock of Yuyuan Mall has risen a hundredfold in just a few years has made everyone full of confidence in the stock of Yuyuan Mall, which is about to go public.
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"When the stock market rises, the top is not happy, the stock market is down, the bottom is unhappy, and everyone is unhappy if the stock market does not rise or fall!" This sentence was of course said by a big man in the stock market, and it perfectly summed up the stock market in '92.
The Shanghai Composite Index began to decline sharply since May 26, and after falling 120 points on the same day, the stock market panicked and sold at the opening of the market on May 27, and the stock market was seriously depressed. The stock index plummeted by 145.74 points on the same day. The most surprising thing is that Feilo shares fell from a high price of about 340 yuan to 168.50 yuan on the same day, a drop of 51.45%.
For a while, the market was filled with a mood called panic and sadness, but in this case, another group of people quietly acted.
"Where have you been these days, little Jew, why can't I always find you?" Jia Lei stopped Little Jew and asked.
"I was trading stocks with a few old friends, so I didn't go to you. Little Jew said with a smile.
"No, the stock market is falling so badly now, how can you still laugh?" Jia Lei asked with a frown as he looked at the little Jew.
The miserable decline in the stock market does not mean that everyone can't make money, and now it's all the retail investors who are losing, how can we big investors lose together. The little Jew said unconcernedly.
"Big households united, what do you mean by this?" The more Jia Lei listened, the more bad he felt in his heart, so he hurriedly asked.
"What else does it mean? Of course, the big players are uniting to make a bank and speculate in stocks! You haven't seen this kind of thing before! Didn't we just do this in the electric vacuum back then?" The little Jew threw a big bomb on Jia Lei in an understated tone.
"You actually go to the village? You better do less of this kind of leek cutting thing! You make money doing this kind of thing, but those retail investors lose their money and lose their fortunes, and doing this kind of thing is too lacking in morality, and if you don't get it right, you will be punished!" Jia Lei frowned and objected.
"What kind of retribution? One of us is willing to buy and the other is willing to sell, but no one is forcing their group of retail investors to sell their stocks to us. We are making money by our skills, and who can say anything. The little Jew said unconcernedly.
"But the above will definitely not let this kind of thing be a banker, in case something happens, you will be completely finished. Jia Lei said worriedly.
"Don't worry, I've seen all the winds and waves, how could I capsize the boat on such a trivial matter! Besides, this time the village is done by more than half of the big families in Mingzhu City, and it will definitely not be lost. The little Jew said proudly.
"No matter how much I persuade you, do you still want to go to the village? Can't you listen to my advice once? Have you suffered less because you didn't listen to me before? Why don't you change it?" Jia Lei asked angrily.
"Jia Lei, I admit that you are very good at stock speculation! But you alone will definitely not be able to fight more than half of the big investors in Mingzhu City. Even if the stock market falls, we can pull it up with our group of people! We are the gods in the stock market, and whether the stock market rises or falls depends on what we big people say. Little Jew said confidently.
In this case, I will never care about you in the future, and don't cry when something happens to you. After Jia Lei said this, he turned his head and left the big house of the little Jew.
"Hmph! What about the big investors, the biggest ones in the Chinese stock market are never the big ones, but the policies and institutions. Do you really think leeks are so easy to cut?" Jia Lei sneered at the lively big rooms on both sides of the corridor.
This wave of panic decline in the market provided a good opportunity for large individuals to enter the market, so the little Jews used rebellious psychological tactics to target the P/E ratio of 800 times at that time.
Although the price-earnings ratio of Aixiang Electronics is very high, the circulating plate is the smallest of all stocks at that time, and its outstanding shares in the market are only 270,000 shares, which is easier to do than other stocks.
For three consecutive days on May 26th, 27th, and 28th, the little Jews and their group took advantage of the continuous collapse of the market to start entering the market to buy Ai Zhi stocks. On May 31, the share price of Aixiang Electronics rose from 168.50 yuan to 240 yuan, and continued to hover in the range of 240-260 yuan.
This series of hype by this group of people in the big room made the stock price of Aizhi Electronics strong and abnormal in a big fall, and immediately attracted the attention of flustered retail investors.
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From this moment on, the big dealers officially entered the market, and countless retail investors started their lives of becoming leeks.
Everything happens naturally in the course of historical changes.
The emergence of retail investors and market makers also conformed to the development of the market at that time.