Chapter 4 Huge losses
In 1993, the conditions for investors to speculate in stocks were very poor, and retail investors mainly watched the market through the electronic display screen in the trading floor of the securities company.
The electronic display screen of the business department of Tianhe Securities Wanyue Road is not large, and it can only display about 20 stocks at a time, but because the total number of stocks in the Shanghai and Shenzhen stock markets is not much, it does not seem to be difficult.
Of course, it is too inconvenient to look at stocks on electronic displays, and investors can see nothing but the current price of a stock.
This kind of simple stock trading conditions is unimaginable for today's stockholders, who can sit comfortably in front of the computer and view the real-time market trend of stocks anytime and anywhere.
But even this simple condition still can't stop the enthusiasm of shareholders who dream of making a fortune.
After buying the stock, Sun Ce stood in the trading floor and stared at the display screen with his neck stretched. After listening to Zheng Shuai's explanation yesterday, he is now able to understand the stock price displayed on the screen.
The few seats in the hall had long been occupied by the aunts and uncles who had arrived earlier. As for the few entrusted computers that can see the stock market, they are all surrounded by crowds without exception.
Sun Ce has no interest in grabbing the computer with other retail investors, in fact, even if he grabs it, he doesn't need to see it. All he could think about now was the price of the three spinning machines.
The trend of the three textile machinery in the morning is very strong, as soon as the opening of the price of 25.6 yuan gap high, up nearly one percentage point from the previous trading day, and after the opening is also a continuation of the previous strong all the way up.
25.75、25.81、25.92、26.01…… Almost every time the electronic screen flips, the price of the three spinning machines will jump up, and the stock price has successfully broken through the 26 yuan integer mark in less than half an hour after the opening.
Sun Ce's heart was beating with the beating price, and he kept calculating today's earnings in his heart: "It rose by 4 cents in half an hour, and 100 shares is 40 yuan." If it continues to rise like this, maybe you can earn one or two hundred yuan a day today. Speculating in stocks is really the same as picking up money. ”
Sun Ce's joy did not last long, the securities market trend abruptly changed, and the stock price of the three textile machinery that had just been rushing all the way suddenly turned down after briefly breaking through 26 yuan, 25.95, 25.63, 25.48, 25.33...... Seeing that the stock price was falling endlessly, it soon fell below Sun Ce's purchase price at that time.
"How can this be, didn't Zheng Shuai say that he won't lose money? Why did the stock price fall? Sun Ce, who had no experience in stock trading, panicked and didn't know what to do now. But at this moment, Zheng Shuai was not there, and there was no one to discuss, and for a while he was like an ant on a hot pot, and he broke out in a cold sweat.
At the same time, the stock price of the three textile machinery is still accelerating the dive, 25.15, 24.96, 24.67, 24.39...... In less than an hour, the stock price has fallen by more than 1 yuan compared to Sun Ce's purchase price.
Seeing that Sun Ce was in a hurry, a burly well-wisher beside him patted him on the shoulder: "Little brother, look at you in such a hurry, the stock you bought has fallen?" ”
"Yes, yes, yesterday my friend told me to buy three spinning machines, said that it must rise, who would have thought that after buying it, it would rise for a while and start falling, and now it has fallen by more than 1 yuan, I am really anxious."
"Little brother is just starting to speculate in stocks, don't worry, it's normal for stocks to rise and fall, don't worry too much."
Seeing that someone was paying attention to him, Sun Ce hurriedly handed over a double happiness cigarette: "What do you call big brother, you must be a master when you say this, can you help me take a look at this stock?" This is the first time I've speculated in stocks, and my eyes are black. ”
"You can call me Lao Wu, I can't be called a master, that is, I know a little bit of fur. Let's go, go over there on the market computer, and I'll help you take a look. ”
Lao Wu should have been in the securities trading floor for a while, and he is very respected by everyone. As soon as he walked to the trading computer, the crowd that was originally surrounding the computer consciously separated from each other, and several people greeted him: "Lao Wu is here." ”
"Yo, it's Wu Lao, help me see how my little leap is."
"And my Qianke shares, help me take a look."
Lao Wu nodded: "Don't worry, I'll help this little brother look at the stock first." After speaking, he skillfully operated it on the computer.
Sun Ce couldn't understand the market, so he could only see some clues from Lao Wu's facial expression like a patient seeing a doctor.
Lao Wu looked at the market slightly, frowned and asked, "At what price did you buy it?" ”
Sun Ce's heart tightened, and he hurriedly said: "Early this morning, I bought it for 25 yuan and 6." ”
"Buy high!" Lao Wu pointed to the computer screen and said: "You see, this stock just stretched Changyang yesterday, up more than 7 points, and the stock price also hit a new high, and it opened higher this morning, too far from the moving average." In addition, the KDJ indicators are all 92, which is obviously overbought, which is obviously a trend to rise and fall. You should wait until after today's pullback to buy it. ”
"I don't know, people told me to buy it, so what should I do now?" Sun Ce didn't understand what Lao Wu said about the KDJ indicator and what overbought, so he understood a little bit and bought the wrong one.
"But the problem is not big, the stock price hit a new high, but the trading volume is shrinking, which shows that the main force is highly controlled, and the current decline is only a technical adjustment, and it should rise in two days after the adjustment. You're good to go. ”
Hearing Lao Wu's words, Sun Ce's hanging heart was temporarily put down.
In the following period, Sun Ce began to study stock technology in earnest.
He was originally an engineer in a factory and had a university culture. College students in this era are not like they are everywhere now, and college students at that time were the backbone of the factory. Because of his knowledge background, Sun Ce learns very quickly.
In this era, there was not much knowledge of stock theory, and in less than half a month, he had roughly mastered the basic knowledge of stock trading.
Although Sun Ce at this time was not able to talk as eloquently as Lao Wu he met before due to his lack of experience, he was at least able to understand what the professional stock terms spit out in other people's mouths when chatting, and occasionally express his own opinions.
At the same time, during this period of time, the stock price of Sanfeng Machinery really began to rise, which not only quickly made up for his previous losses, but also made him a lot of money. The assets in the stock account increased from 3,000 yuan to 4,000 yuan in half a month.
After tasting the sweetness of the first battle, Sun Ce's courage also increased, and he found that the money in the stock market was too easy to make, so he simply invested all the 6,000 yuan of liquidity used for the company's operation, trying to make another big profit to surprise his family.
But soon, the surprise turned into a scare.
In response to the stubbornly high inflation rate, China's central bank began to make amends, and monetary policy was tightened again, and the one-year time deposit rate was raised to 10.98%.
While inflation is being subdued, China's stock market is also in a bearish state.
Sun Ce's 10,000 yuan of funds had just been invested in the stock market, and the market took a sharp turn, and in more than a month, the Shanghai Composite Index plunged from a high of more than 1,500 points, and soon fell below 1,000 points.
Under the sharp fall, Sun Ce, who had just entered the stock market, was not psychologically prepared, and the funds in the stock account changed from a profit of 1,000 yuan to a loss of 2,000 yuan. This figure was equivalent to two years of annual income for ordinary workers in those days.
Originally, if he had reined in from the precipice at this time, Sun Ce could still afford this loss, but the psychology of all gamblers is the same, those who have made money still want to make more, and those who have lost money are bent on turning over.
After losing money, Sun Ce was very unwilling, and he firmly believed that the current loss in the account was caused by his lack of experience in stock trading, and with the continuous accumulation of experience in stock trading, he would definitely be able to win back the lost money.
In addition, the trend of the market showed signs of stabilizing and rebounding after falling below 1,000 points, so he liked it and borrowed a large amount of money from his business partner without telling his family, and invested it without hesitation.
In May 1993, the Shanghai Composite Index resumed its decline after a brief rally, and this decline lasted for a full year.
Sun Ce's stock account is losing more and more, and the loss is getting bigger and bigger, and Sun Ce, who has lost red eyes in desperation, can only go all the way to the dark, and continues to borrow money from friends under various excuses without telling his family, and at the same time, his operation is becoming more and more crazy.
Frequent stock swaps, crazy chasing up and down, in that era when there was no price limit and no limit on buying and selling, at most, Sun Ce could enter and exit his full position more than ten times a day, but such a chaotic operation obviously could not save his shrinking account.
The paper couldn't hold the fire, and finally, the friend who borrowed money came to ask for debts, and Sun Ce's huge loss in stock speculation was exposed.
And then the scene at the beginning of the story happened.
In the emergency ward of Jiangkou District Central Hospital, Sun Haoyang's mother was lying unconscious on the hospital bed with tubes inserted into her body, and was being rescued by gastric lavage.
"Doctor, how's it going?"
"Fortunately, it was delivered in time, and there is no danger to life for the time being."
"That's good, that's good, thank you, doctor!"
"I said Sun Ce, you see this thing is making a fuss, alas...... Luckily nothing happened, otherwise I wouldn't have known what to do. ”
"Lao Wang, I really didn't expect the stock to fall so badly, I really didn't expect it." Sun Haoyang's father said as he tugged at his hair.
"If the money is gone, you can earn it again, but if the people are gone, there is nothing. It's useless to say anything now, and life can be returned. I'll figure out how to deal with money, you take care of your lover first, I won't force you. ”
"But...... The loss of more than 200,000 ......"
"Do you know you're scared now? Why don't you know to be afraid when you speculate in stocks? It's a full 200,000, you can really hide it! ”
"That'...... So what now?
"What to do? You ask me, I ask who goes? The supplier is still urging the payment! Lao Wang frowned and walked back and forth in the corridor outside the hospital, while Sun Ce was silent, just lowered his head and smoked desperately.
After a long time, Lao Wang said as if he had made up his mind: "Now we can only do this, put our store on the plate, first fill the hole in the payment owed to the supplier, and you will pay me back the rest of the money slowly, don't worry." ”
"Wang, I'...... Alas......"
July 1994 was the darkest month for China's stock market. In order to curb severe inflation, China's central bank has introduced an extremely harsh monetary policy. This year, the Shanghai Composite Index fell from more than 1,500 points to more than 300 points, how many people went bankrupt, and how many families died!
This day was the longest day Sun Haoyang had, and he knew a new term - stocks.
When most people first hear about stocks, they think of words such as making money, wealth, overnight profits, and getting something for nothing. But Sun Haoyang's first impression of the word "stock" is: stocks can kill people!
From this day on, Sun Haoyang's life trajectory has changed dramatically, and the story of love and hate between him and the stock began here.
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