Chapter 168: Danger is everywhere
When the article was sent, Chen Qiaoshan breathed a sigh of relief, but at the same time, his heart was actually still hanging.
This is also something that cannot be helped, and the affairs of the stock market are not something that individuals can control.
Chen Qiaoshan can be regarded as fighting hard this time, and he has pressed all his net worth.
Since the Asian financial crisis, the domestic economy has suffered a heavy blow.
Take the power industry as an example, from the previous power shortage, directly to the power surplus, under the advice of relevant economic experts, the state has introduced a macroeconomic control policy, suspended all power infrastructure construction.
As a result, the result can be imagined, due to the improvement of the economic situation, the shortage of power resources.
Nowadays, if you ask local governments what they lack most, the answer is that there is a lack of electricity.
In 03, the national power supply was tight, and it has changed from a temporary shortage to a continuous power supply shortage throughout the year.
The Chen family has a deep understanding of the power shortage.
In this year's drought in Henan Province, the fight against drought and the guarantee of harvest have a bearing on the vital interests of the rural people, but under such circumstances, the power supply has been frequently curtailed, causing the peasants in the countryside to complain about their hardships.
Water is needed to fight drought, electricity is needed to pump water, and it is useless to say anything without electricity.
The Chen family drilled wells everywhere, and because of frequent power outages, they spent extra money to buy a diesel generator.
Originally, this money did not need to be spent, but after the well was drilled, it needed to be tested, and how could it be rectified if there was no electricity? In the end, I could only invest an additional sum.
Electricity shortages are a market problem, but in the final analysis, they are an economic problem.
To put it bluntly, the so-called macroeconomic regulation and control is actually "pig economics".
As we all know, pork prices will fluctuate periodically, and correspondingly, the price of live pigs will inevitably fluctuate cyclically.
There is a cycle of pig farming, which is a loss period, a profit period and a plateau period.
Experienced pig farm owners know that when the price of pork is high, a large number of people will inevitably enter the market, and then they will enter a period of loss, at this time they should appropriately reduce the slaughter rate of sows.
Human intervention to maintain a balance between supply and demand is macroeconomic control.
Of course, the market economy is much more complicated than pig farming, and this is when economic experts are needed to give advice. At the end of the day, when there is a shortage of electricity, people are paying for the mistakes of economic experts.
In the economics community, there is a consensus that no one can predict the short-term direction of the stock market, but can speculate on the direction of the market in the next three to five years according to the laws of the market.
It's like the owner of a pig farm, the price of pork is at a high level, no one can be sure whether the price of pork will rise or fall tomorrow, but it is certain that the price of pork will definitely plummet in the coming year.
Chen Qiaoshan was forced to be helpless this time, and in order to make a quick profit, he did the trick of a magic stick.
This is also a helpless thing, without enough capital, he can only be small and big.
But it is not so simple to invest in stocks in a bear market, a little wave hits, and the ship capsizes is a trivial matter, and I am afraid that there will be follow-up troubles.
In order to quickly promote the stock price, Chen Qiaoshan also tried his best this time, and did not hesitate to release a large number of predictions for this purpose.
Of course, these predictions are true.
Regarding the over-the-counter fund buying blue chip stocks, it is not a secret to Chen Qiaoshan.
From the end of 03 to the middle of 04, the A-share market gave birth to the famous "five golden flowers" on the stock market.
The weighted sectors represented by steel, petrochemicals, automobiles, electric power, and banks have come out of the market and have greatly defeated the rising trend of the market, and have been called the "five golden flowers" by later generations.
Chen Qiaoshan clearly knows the names of several stocks, but he has not announced all of them, and when he is a stick, he must have the consciousness of being a stick, and he has to say that half of the words are left before there is an aftertaste.
His article is actually an advertorial, and the main promotion is actually SDIC Power.
Although the "Five Golden Flowers" are good, the profit cycle is very long.
Chen Qiaoshan listed are all big blue chips, as we all know, it is almost impossible for blue chips to rise and fall in a short period of time.
The "Five Golden Flowers" have risen to a peak, and it will have to be in the middle of next year.
And the time left for Chen Qiaoshan is only one and a half months at most, and he must earn enough money during this period, otherwise he will miss the cake scattered by the collapse of the Delong system.
……
Monday, December 1st.
The Economic Daily published a signed article.
The article talks about two things: First, the China Securities Regulatory Commission will take positive measures to continuously enhance market confidence, and second, the China Securities Regulatory Commission will strengthen supervision and control to effectively protect the rights and interests of shareholders of tradable shares.
At the end of the article, it is mentioned that while the China Securities Regulatory Commission strengthens supervision, it also welcomes participants in the market economy to participate in an appropriate way to safeguard their legitimate rights and interests.
This sentence has no beginning or end, and it is very intriguing.
The author of the article is Tu Guangshao, who was the vice chairman of the China Securities Regulatory Commission at the time.
The same sentence, coming out of the mouth of different people, has different effects.
Chen Qiaoshan shouted some time ago that the China Securities Regulatory Commission should supervise strongly, and no one paid attention to him at all, but as soon as the article of the "Economic Daily" came out, it quickly caused a shock in the domestic financial circles.
At the same time, the "Economic Daily" also published a short newsletter, only a few dozen words, Southern Securities was taken over by the government.
Everyone understands that Southern Securities is completely finished this time.
But no one gloated, because everyone knew in their hearts that the era of strict supervision by the China Securities Regulatory Commission had arrived.
Affected by this, the stock market was the first to react, and as soon as the morning opened, the broader market fell again.
As of 11:30 p.m., the Shanghai Composite Index fell below the 1,300-point mark to close at 1,278 points, down more than 2%.
Chen Qiaoshan got the news at noon, he checked the trend of SDIC power for the first time, the situation is not optimistic, one morning, the stock price fell nearly 1%, and it is one step away from the liquidation line.
Chen Qiaoshan was really speechless and asked Cangtian this time, he knew in his heart that the situation was actually caused by himself.
As a result of his involvement, the problems of Southern Securities were poked out in advance.
Kan Zhidong, the head of Southern Securities, resigned ahead of schedule, and the China Securities Regulatory Commission intervened in advance, followed by early custody, which eventually led to the early arrival of the regulatory tide.
This ring is one ring after another, Chen Qiaoshan was originally quite proud, this is the capital in the future, but unfortunately, he was not happy for two days, but he tripped himself.
According to the agreement with Tianyi Securities, the liquidation line is close at hand, and as long as SDIC Power falls by one percentage point, he will be required to add margin.
Chen Qiaoshan is a little waxy, and this is the first time he has personally felt the high risk of the stock market.
A thought popped into his head.
But just think about it, now the clearance may be able to get back fifty or sixty thousand, but the broker's funds must be recovered, the handling fee plus commission, is close to the liquidation line, and then want to match the capital, it will be difficult.
If you don't match the funds, what is 50,000 or 60,000 yuan enough for?
Thinking about everything, Chen Qiaoshan decided to take a gamble.
He knew in his heart that because the agreed liquidation line was too high, the brokerage basically did not take the risk, and would definitely leave enough time for him to add margin, and he could only hope to come back to life in the middle.
In the afternoon, the news was completely digested by the market, due to the panic in the market, the market continued to fall, as of the close, the Shanghai Composite Index closed at 1265 points, down 4.74% throughout the day, setting a record of the largest single-day decline in nearly half a year.
The miracle did not happen, and SDIC Securities fell another 1.3% in the afternoon, accumulating in two days, and has fallen below the agreed liquidation line.
Before dinner, Chen Qiaoshan unexpectedly received a call from Tianyi Securities.
"Hey, Mr. Chen?"
A slightly familiar voice came from the microphone, distinctly with a southern accent.
Chen Qiaoshan immediately identified that this was Wang Wei, the account director of Tianyi Securities.
He said with surprise: "Director Wang, please call me personally, how embarrassing is this!"
Chen Qiaoshan is indeed a little strange, looking for funds requires Wang Wei to come forward, and he naturally doesn't need him to ask for accounts, otherwise what would the account manager keep for?
Wang Wei said: "Mr. Chen has a good memory, we met once, I didn't expect you to remember my voice." ”
Chen Qiaoshan understood that he had to listen to this in reverse, and the other party was reminding him of the original agreement with Tianyi Securities.
"Director Wang has won the award!" Chen Qiaoshan quipped with a little smile: "I'm still young, and this thing is naturally difficult." ”
"Sure enough, you are young and promising, Mr. Chen, SDIC Securities has fallen below the liquidation line, do you consider clearing the position and stopping the loss?" Wang Wei asked.
Chen Qiaoshan didn't think about it, and said directly: "No need." ”
Wang Wei was stunned for a moment, thought about it and persuaded: "Mr. Chen, the situation is not optimistic now, now that the warehouse is cleared, you can still get back half of the principal." ”
Chen Qiaoshan hesitated, thought for a while and said, "Thank you for the reminder, but you don't need to clear the warehouse for the time being." ”
Wang Wei pondered for a moment, and had to say: "In that case, Mr. Chen, before noon tomorrow, you need to make up the deposit of 40,000 yuan, otherwise I can only force the liquidation." ”
"Cheng, Director Wang, I will be over on time at noon tomorrow. ”
……
This call didn't last long, but Chen Qiaoshan felt exhausted.
He knows that he has to inherit Wang Wei's favor.
Under normal circumstances, the margin must be made up before 9:15 a.m. tomorrow, otherwise the stock will be listed on the auction trading platform as soon as possible.
Chen Qiaoshan knew that there was not much time left for him.
His brain was spinning rapidly, there was still one night to go, and he had to think of a way tonight, otherwise all the efforts he had worked on during this time would be useless.