Chapter 62: The May Massacre

May 30, 2007 was an unforgettable day for all Chinese investors.

In order to cope with the increasingly bubble stock market, the China Securities Regulatory Commission stepped in to regulate and control the stamp duty rate on securities transactions by 0.1 percentage points on this day, which caused the May Thirty tragedy that the old Chinese stockholders heard about it!

In fact, after the Shanghai Composite Index rose by 3,500 points, Sun Haoyang subconsciously realized that there was a crisis in the stock market. After all, the tragic situation of his father more than ten years ago is still vivid, and Sun Haoyang still believes in value investment in his bones.

According to his years of study and experience, in 2007, the upper limit of the fair value of the Shanghai Composite Index was 3,500 points, and more than 3,500 points was unreasonable.

However, although he subconsciously knows that there is danger in the stock market, how can he be willing to let go of such a good opportunity to make money in the bull market?

At that time, Sun Haoyang had always naively believed that as long as he strictly operated in accordance with the invincible moving average trading method he had researched, as soon as he found that the market showed signs of the end of the bull market, he would immediately clear his position.

In fact, at that time, there were many people who held this kind of thinking in the stock market, and everyone knew in their hearts that China's stock market was already a stupid market, but no one thought that they would be the unlucky ones who took the last baton.

On May 30, 2007, when the news of the stamp duty increase came, everyone was stunned.

Early in the morning, the trading floor was crowded with people. Everyone came to the trading floor early, just to occupy a trading computer.

As soon as the news of the stamp duty increase came out, Sun Haoyang immediately analyzed the results, and the stamp duty was like the starting gun for the decline of the market, which was destined to be the last straw that broke the camel's back.

Or more appropriately, to give the already precarious and overwhelmed Chinese stock market a big stick, not to mention beating down, it is possible to kill directly. The form is very grim!

Sun Haoyang had already discussed the countermeasure with Wu Yingying the night before, that is, to liquidate the stock and buy put warrants.

So on the morning of May 30th, the only thought in Sun Haoyang's mind was: no matter the cost, no matter what the price, no matter what price is opened, all the positions will be cleared immediately!

But when the price of the stock market opening call auction came out at 9:15, it almost scared Sun Haoyang half to death, and thousands of shares fell to the limit!

Sun Haoyang slumped on the chair helplessly, and said silently in his heart: No matter how careful I am, do I still have to get the same fate as my father did back then?

At 9:30, the stock market opened, and the stock market fell to a large area, even if there were a few that did not fall at the opening, they were soon blocked by the crazy fleeing shareholders within a few minutes. All stocks, all down limits!

Among them, Sun Haoyang held a full position in Zhongying Technology from the moment the call auction price jumped out at 9:15, and it has been maintained at the price of the limit until the opening.

Looking at the stock price that was sealed on the falling limit and did not move, Sun Haoyang's mind was blank......

You must know that just a few days ago, Sun Haoyang had just made up his mind to buy Zhonghua Technology with a full position.

The company's main business is cable equipment, and there is nothing outstanding about it, but Sun Haoyang got the news that this company is investing in the online game industry.

2007 was the golden age of online games, with legends and magic babies foreshadowing, and World of Warcraft causing a global sensation. It can be said that in this era, as long as there are boys born in the 80s, there are few who do not play online games.

In fact, Sun Haoyang himself is also a game lover of World of Warcraft, so he and Wang Yue judged that the online game industry has a very huge space for development.

But as the so-called plan can't catch up with the changes, who would have thought that the stock market crashed at this juncture.

1 million funds are full of positions, and 100,000 are lost in one day! This is something that Sun Haoyang has never seen since he speculated in stocks, and what is even more terrifying is that this situation may continue for a few more days.

In fact, in the next few days, there was a large number of stocks that ate several consecutive falling limits......

Originally, Sun Haoyang also planned to buy put warrants immediately after clearing the stocks, but now all the stocks he holds in his hands have been blocked and he can't sell them if he wants to.

The so-called invincible moving average trading method researched by Sun Haoyang before is no longer invincible, but it will not play any role in this extreme situation of today's falling limit.

In the office of Liangjing Investment Company, the atmosphere is very depressing.

Not long ago, at Ye Shutao's strong request, Lu Jialiang, who had already begun to reduce his position, was forced to start increasing his position again under pressure.

It's a pity that before they could pull up the stock price, the shares of Zhongying Technology were affected by the 530 stamp duty adjustment incident and were crushed to death by the huge orders of retail investors.

"What are you all looking at me for? Hurry up and pull up the stock price! You don't go to the market one by one, so you are stunned! ”

Now that there is a major negative news in the stock market, the stock of Sino-British Technology can no longer be traded, so everyone is just staring at the computer screen.

But in this way, Ye Shutao will not do it. This time, the request to continue to pull up Sino-British Technology was given by him, and if the stock crashes in the end, he will definitely have to bear some responsibility as a decision-maker.

Ye Shutao came to gild and pick up ready-made cheap according to his father's arrangement, he didn't come to carry the black pot.

For today's plan, the only way to go wrong is to make mistakes, and go all the way to the dark. He could never admit that he had failed because of his own decision-making mistakes.

"Now I'm in charge! Buy, buy it all for me! Sweep all the chips on the limit for me! Ye Shutao's red eyes looked very crazy.

Everyone in Liangjing Investment Company still didn't move, and they all looked at Lu Jialiang. Although they all know Ye Shutao's origins, after all, Lu Jialiang is their real boss.

"Ye Shutao, the so-called victory and defeat are a common thing in soldiers, and this defeat is a natural disaster**, so in fact, your responsibility is not great. Now that things have come to this point, let's stop it as soon as possible. ”

"You fart! You're all a bunch of cowards, just like the idiot retail investors who are now selling stocks. It's just an increase in stamp duty, what a big, look at it scares you!

Seeing the sell-off on the down limit, this is a great opportunity for us. As long as these frightened retail investors are eaten, and after the pullback is over, we will have no opponents, and then we will want to pull as high as the stock price of Sino-British Technology Co., Ltd.

Now it's up to me! So listen to my orders, buy, buy them all! Right away! Immediately! ”

Lu Jialiang shook his head helplessly, although the team of Liangjing Investment Company was established by him, all the trading funds he mastered were provided by the above, and he was actually just a senior worker in the final analysis.

At this moment, Lu Jialiang suddenly had a retreat in his heart, maybe he should go out independently in a different environment.

Thinking of this, Lu Jialiang glanced at the people in the office, there was no attachment in his heart, he looked at Ye Shutao, who had fallen into a state of madness, and sighed: "What are you still doing in a daze?" Hurry up and execute according to Ye Dong's order, buy! ”

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