Chapter 90: The Last Fall of the 92 Stock Market Crash!

(The storyline of this chapter is pure fiction!) But the stock price and index are real, and anyone who travels back in time can buy according to this stock price.) )

Although Jia Lei was sure that he could make money this time, he still did not relax his due vigilance.

"I always feel that my godfather is looking for me in a bit of a hurry today, there must be something wrong here. Jia Lei thought about it and said.

"Can you guess what's wrong inside?" Ah Fei immediately asked cautiously when he heard this.

"I can't guess, but this must have something to do with the stock market! After all, I haven't cared about the domestic stock market for three months, so I don't have a clue for a while. Jia Lei shook his head and said.

"Looks like I'm going to have to get out of this situation!" said the little Jew confidently, straightening up his clothes.

"Then I'll leave this matter to you, I know that you know a lot of people in the Pearl Stock Market, and you must be able to inquire about the reason. Here, I'll help you get your bag! Let's go. Jia Lei immediately said doggedly.

"You little slippery head, you will only be so attentive when you ask me to do something, usually I want you to pour me a glass of water, you love to ignore it, every day like a big young master! Now you actually take the initiative to get me a bag, it's really unprofitable to be early!" After brushing his little curly hair, he took Jia Lei out with his bag.

Jia Lei followed the little Jew to a stock salon on Guangdong Road, when the stock market had just closed, and the salon was full of shareholders who had just come out of the securities company.

"Yo! Isn't this a little Jew? You haven't been here with me for a long time! I heard that you had an accident last month, and now your injuries are healed?" asked Li Datou, the master of the salon, as he glanced at the little Jew's body.

"Okay! The doctor said I would be like a normal person as long as I didn't do heavy work. ”。

"That's good! I originally thought that I would never see you again!" Li Datou said happily.

"I'm just sick and not dead, how can you never see me again?" asked the little Jew unhappily.

"Well, you don't know...... The sharp decline in the past few months has made many old guys leave the stock market naked, and there are many old faces on Guangdong Road. Li Datou sighed and said.

"I'm not much better than them! If it weren't for my brothers, I would still be watched by the securities company. ”。

"Forget it, don't mention those things, do you have something to do with me today?" asked Li Datou.

"I heard that the city is going to organize people to save the city, so I'm here to find out the news!"

"Come on, no one knows the news about the bailout better than this kid next to you, right?" Li Datou glanced at Jia Lei and said.

"We know about the rescue of the city! I just don't know why the government is so concerned about the city, and my godfather didn't reveal any news to me before today! I received the news with you today? This is so strange!" Jia Lei said with a frown.

"No, it's not strange at all! Do you know what are the two hottest news in my salon today?" asked Li Datou.

Jia Lei calmed down and carefully came in to take a closer look at the conversation of the surrounding stockholders, and he captured a key word "chlor-alkali chemical industry".

"Which stock is this chlor-alkali chemical, why have I never heard of it before?" asked Jia Lei puzzled.

"Jia Lei, you deserve to be the little god of Mingzhu City, just listen to these two sentences and grasp the point! In addition to the rescue of the market in our salon today, the hottest topic is the chlor-alkali chemical industry that has just been listed today!" Li Datou lit a cigarette and said.

Then he took Jia Lei and the little Jew to find a table in the corner and sat down, Jia Lei looked at his posture and felt that the following news must be bad.

Jia Lei was really right, as soon as Li Datou opened his mouth, he threw a big thunder at Jia Lei!

"Chlor-alkali chemical is a new stock just listed today, and it is also the largest stock in terms of market capitalization so far, it issued a total of 8.643 million shares this time, and the issue price per share is 54 yuan. Although it is a Sino-foreign joint venture, it broke as soon as it opened today!" Li Datou said with a sigh.

"It's impossible, isn't it? It's a new stock that has just been listed, how can it break on the first day!" the little Jew cried out in surprise.

"According to the issue price you said, this is a large-cap stock with a market value of more than 400 million yuan? Isn't buying a stock at the issue price the same as the original stock? Can the original stock break down in these years? The face value is 10 yuan, and the issue price is 54 yuan! This is only five times the price-earnings ratio, right? Is it true that no one buys such a cheap stock now? Jia Lei asked in disbelief.

You must know that the price-earnings ratio of domestic stocks is generally dozens or even hundreds of times, and the price-earnings ratio of 5 times is really a conscience price!

"The issue price is 54 yuan, and the opening price is 53.53 yuan, which is indeed cheaper than buying the original shares! No one dares to ask for even such a cheap stock price now! At the end of the market today, institutions were forced to let it close at the issue price of 54.4 yuan by entering the market. Li Datou said helplessly.

"No wonder my godfather hurriedly called us over today, if the stock market can't even maintain the issue price of new shares! It will really cause panic!" Jia Lei nodded understandingly.

"We also understand this truth, so we worked hard with the institutions today to barely let the chlor-alkali chemical break! But the plate of this stock is too big, and I am afraid that it will not last for a few days by relying on a few of us and the institutions, so the top is in a hurry." Li Datou nodded and said.

"It seems that we are going to have a tough battle next week!" Jia Lei said with a frown.

"That's right, this battle is not easy to fight......" Li Datou nodded and said.

The facts turned out to be as Jia Lei expected, Monday, November 16, 1992.

On this day, Jia Lei followed the little Jews to the stock exchange to see the market, and it was not only a few of them who came to see the market, but almost all large households and institutions came to see the market.

"Chlor-alkali chemical should buy back shares today, right?" Jia Lei thought about and asked.

"They did it yesterday, or they would have broken yesterday. ”。

"It's open!" Jia Lei looked at the big screen and said.

There was silence at the scene, and everyone immediately turned their attention to the chlor-alkali chemical stocks that had just been listed last Friday. At 9:30 a.m., Chlor-Alkali Chemical opened at a price of 54.5 yuan per share, which was only a penny higher than the previous day's closing price.

"Isn't this a good form?" Jia Lei said with a frown.

"Yes, it's not good, it's not as good as a flat price!" the little Jew nodded.

Now the market is red, but people's hearts are green, and then chlor-alkali chemical industry has unsurprisingly ushered in a selling frenzy of retail investors.

During this period, occasionally a few large investors or institutions wanted to take the opportunity to enter the market, but the stock price was still suppressed by a large number of retail investors.

"Institutions don't have enough stocks in their hands as bargaining chips, even if they want to pull up the stock price of chlor-alkali chemical, it's impossible!" Jia Lei said helplessly as he looked at the plummeting stock price.

"And what do you want? Do you still want to buy shares in chlor-alkali chemicals?" asked the little Jew.

"Buy! I would be a fool if I didn't buy such a cheap stock, chlor-alkali chemical is a joint venture chemical enterprise, and this kind of large enterprise will not have problems in more than ten years." Jia Lei said.

"And when are you going to make a move?" asked the little Jew.

"Look at this stock price, it will definitely fall below fifty yuan today! Luo Nan, you go and inform the trader, and if the price is less than fifty yuan, help me collect 100,000 shares of chlor-alkali chemical. Jia Lei said.

"Okay, boss!" Luo Nan agreed.

"Will the stock price of chlor-alkali chemical really fall below 50 yuan?" asked the little Jew in disbelief.

"Definitely! Just watch if you don't believe it. Jia Lei said confidently.

Sure enough, as Jia Lei expected, after the opening of chlor-alkali chemical, because of the repurchase, the stock price rose for a time, but it was soon smashed back to about 50 yuan by a large number of sell orders.

At this time, the institutional entry and retail investors started a competition, the share price of chlor-alkali chemical began to rise and fall, the share price of chlor-alkali chemical once climbed to 55 yuan, and also fell strongly through the bottom line of the stock price of 50 yuan maintained by the company, and strongly probed to the bottom of the stock price of 49 yuan.

"It's time to close the net!" Jia Lei said as he looked at the miserable green market.

"Jia Lei, what do you want to do?" asked the little Jew.

"Now that the stock price is close to the bottom, of course it is time to open a position. Jia Lei said and walked directly to the trading hall of the securities company and came to his own trading seat.

"According to the stock price on this piece of paper and the company to start a position, you have to buy in small batches, so as not to be noticed. Jia Lei commanded.

"Okay!" said the trader.

In the early 90s, there were not many financial institutions, and large individuals in securities companies could buy their own trading seats from securities companies.

The only advantage of such a seat is that it allows for maximum confidentiality, at least until the deal is concluded.

On this day, although the stock prices of other stocks were also falling, the trading volume was amplified, and some well-informed people have begun to buy the bottom.

However, the actions of a few people still failed to change the outcome of the market, and the chlor-alkali chemical industry still closed at a break price of 50.1 yuan on the same day.

With the efforts of enterprises and institutions, chlor-alkali chemical has barely maintained the bottom line of the stock price of 50 yuan.

****

"It looks like we can't wait any longer! let's do it tomorrow, or the panic of breaking will continue to expand. The people of the China Securities Regulatory Commission looked at the market trend on the 16th and said anxiously.

"Okay! I'll call brokerages and institutions to enter the market tomorrow, and those big individuals will also move. I don't believe it, we all work together, the stock market will fall tomorrow!" the stock exchange man nodded and said.

That night, many people were notified to start the action!

Tuesday, 17 November 1992

Early in the morning, Jia Lei and the foursome wore uniform leather jackets, sunglasses and large gold chains, and came to the gate of the Pearl Stock Exchange in a Mercedes-Benz car in a high-profile manner.

"Jia Lei, do we have to wear such a high-profile outfit?" asked Hong Chen as he touched the clothes on his body uncomfortably.

"You think I'd like to! I'm as stupid as I want to wear like this! But if I'm wearing a French handmade suit, these people don't know me. My godfather said, let me be high-profile! He can't wait to let everyone in the whole Pearl City know that I came to buy stocks today!" After Jia Lei finished speaking, he helped the big sunglasses that covered half of his face.

If he doesn't cover his face, he won't have the face to see anyone!

"Young Master Jia, you're here too!" asked Li Dahu as he walked down from their respective cars with a few friends.

"Yes, I'm here! I heard my godfather say that the stock market is going to go up, so I'm here to buy stocks. Jia Lei stiffly recited the lines that Mayor Zhao specially confessed last night, and then he waved his hand to let people bring up the "props".

"Oh my God! That's a lot of money!" said the onlookers in surprise as they looked at the boxes of money that Jia Lei had brought down the truck.

"How troublesome it is to move around with so much money? Why don't you open a transfer check? That saves so much trouble!" Ah Fei asked, twitching the corners of his mouth.

"Didn't you think about it? The bank had prepared to send it to my door, and even the basket was from the bank. They are afraid that I will put the money in a sack and others will not see it!" Jia Lei said speechlessly.

"Boss Li, Jia Lei, you are all here. Surrounded by a large group of stockholders, Yang Million slowly walked over and said hello to Jia Lei.

"Yes! We have all heard the good news that the state is going to support the stock market, isn't this coming? I believe that the stock market will definitely rise today!" Li Dahu said loudly, and the surrounding stockholders began to discuss after hearing this.

Everyone is doubting the truth of this news!

"It seems that both of you have brought a lot of money here today? Since we are all so optimistic about the stock market in Pearl City, the Shanghai Composite Index will definitely rise. Yang Million said happily.

"Yes, a few brothers and I brought 20 million yuan to buy stocks this time, I wonder how much you two plan to buy?" asked Li Dahu.

"I was commissioned by the neighbors, and I also brought tens of millions of dollars to join in the fun. Yang Million said with a smile that he showed off his wealth but did not understand the bottom.

"I brought 10 million US dollars over this time, and it will be more than 55 million yuan in exchange!" Jia Lei said lightly.

"Oh my God! more than 50 million!" As soon as Jia Lei's number came out, the crowd at the scene immediately exploded.

"Jia Lei is Mayor Zhao's godson, since he dares to spend so much money to buy stocks, there must be some inside information. No, I need to inform my daughter-in-law so that she can sell the stock later. Maybe the stock will go up in two days!" A man hurriedly ran to the cultural square stock market after speaking.

Then the news spread quickly in the Pearl stock market......

On November 17, 1992, Liannong shares were listed, because the market plummeted yesterday, and the stock index fell directly below the bottom line of 400 points after the opening of today, once falling to 386.85 points.

"Let's do it!" Seeing this situation, the person in charge of the rescue operation spoke.

"Okay!" both institutions and brokerages nodded, and large individuals also got this notification from their mobile phones.

On November 17, chlor-alkali chemical opened low because it broke yesterday, with an opening price of 49.5 yuan.

"Let me buy it!" Jia Lei glanced at the stock price and ordered.

Jia Lei is buying stocks here, and the retail investors who are scared are frantically selling, and the chlor-alkali chemical industry once fell to 47 yuan a share, at this time, the situation of brokerages and institutions taking over at a high price finally came out, and the screen is turning from green to red little by little.

"Jia Lei, what am I going to do?" asked the little Jew.

"All you have to do is wait, wait until the right price and sell all your shares. Jia Lei turned back to him.

After such shameless hype by Yang Million and Jia Lei, coupled with the big screen that began to turn red, the panic of shareholders selling is being suppressed little by little.

"Keep buying, don't stop, or you'll lose all your work." Jia Lei said to his subordinates.

Other institutions and brokerages are also doing similar actions as Jia Lei at this time, the green of the market is gradually decreasing, and a large area of red is beginning to float red, and the old eight stocks are the first to get out of the situation of endless ups and downs.

When the share price of chlor-alkali chemical industry closed, the stock price closed at 50 yuan, and it also followed the market out of the shadow of decline.

On November 17, with a large amount of funds from institutions and brokerages entering the market, the Shanghai Composite Index finally slowed down its downward trend!

On the same day, the Shanghai Composite Index closed at 393.52, completing the last drop in 92 years!

Since then, the Shanghai Composite Index has been on the rise