Generally speaking, because the risks outweigh the benefits during a bear market, a short position is the best option during a bear market, and it has always been done in the past.

The stock market has opportunities, as long as you seize a bull market opportunity, it is better than short-term stock speculation for ten years, seize a bull market opportunity to say less capital is quadruple, more than even tenfold, those who soak in the stock market every day, not necessarily do ten years of short-term, can do ten times the profit, not to mention how much money can be made, as long as it can not be eliminated by the stock market, it should be thankful to be able to keep the principal in the bear market.

There are good reasons for Yu Ming's involvement in Yanzhong Industrial this time, although it is a bear market, there will be bull stocks in the bear market, and there will also be a few stocks whose shares have doubled. Yu Ming does not speculate in stocks in the bear market, and adopts the strategy of short positions, because it is not sure which stock is a bull stock in the bear market.

Yanzhong Industrial is likely to become the first stock in the Huaxia stock market to raise a list for mergers and acquisitions, and the current stock price is already in the low area, which means that it is worth a game.

After Yu Ming made the decision to build a position in Yanzhong Industrial in the summer, he immediately started to do a few things, first went to Shanghai Forestry University to find Li Ruozhu, asked him not to return to Xiangyang County in the summer, and used his account to help him speculate in stocks, Li Ruozhu is only responsible for operating according to his own instructions, and he must tell himself the password of the capital account and the password of the shareholder account, so that he can know the operation of the account in time, and explained that he must keep the stock trading absolutely confidential, and cannot let anyone else know, including his parents and family. In addition, Li Ruozhu explained the relevant remuneration during the trading period, and the 30,000 yuan of funds given to him in the early stage do not have to be returned, which is the use of Li Ruozhu's stock account, in addition, from the first day of the opening of the position, to the final completion of the clearance operation of the stocks, the daily salary of 100 yuan, when the transfer of the funds to build the position, the salary of the summer two months will be advanced in advance, and after the clearance is completed, there will be a bonus of 0.5% of the profit earned on the account.

Li Ruozhu didn't want Yu Ming to give the fee at first, saying that it was a friend who needed more money to help, Yu Ming said, "If you don't agree, I'll find someone else", Li Ruozhu had to nod and agree.

Yu Ming's second one was Zhou Jilan, Yu Ming said the same request, Zhou Jilan agreed without saying a word, Zhou Jilan is a delicate person, knowing that Yu Ming is taking the opportunity to help her, it is inappropriate to say more.

Yu Ming's third is Wei Xuxia, of course, the conditions are different, Wei Xuxia is Yu Ming's sister, that is, the family, of course, the family does not need to be paid, Yu Ming asked Wei Xuxia to keep it secret, and according to the previous promise, he made up for the 20,000 yuan of Wei Xuxia's stock speculation loss, and at the same time promised Wei Xuxia that during the period of helping himself to speculate in stocks, he could use his own funds to speculate in stocks at the same time.

In the end, Yu Ming took his uncle Yu Guangxing's identity card to apply for a shareholder certificate and opened an account in Junan Securities, so that Yu Ming has five stock accounts and 4 traders, Li Ruozhu, Zhou Jilan, and Wei Xuxia use their own accounts to operate, and Yu Ming operates his own account and his uncle's account, which can effectively avoid the disadvantages of one person's operation.

Yu Ming calculated the distribution of funds in each account, the total share capital of Yanzhong Industrial is 30 million shares, according to the 5% lifting regulations, each account can only buy up to 4.99% of Yanzhong Industrial's shares, that is, 14,970 hands, according to the closing price of Yanzhong Industrial 9.85 yuan on June 28, that is, 14.75 million yuan of funds, considering that the other three people may use their own funds to build a position in Yanzhong Industrial, in order to ensure that the amount of each account does not exceed 5%, And taking into account a lot of handling fees when opening a position, Yu Ming decided to allocate 14 million yuan of funds to each account, plus 20,000 yuan to make up for Wei Xuxia's losses, as well as Li Ruozhu and Zhou Jilan's two months' salaries each, the actual funds that should be transferred from each account are Wei Xuxia's 14.02 million yuan, and Li Ruozhu and Zhou Jilan are both 14.006 million yuan.

On July 7, the Securities Commission of the State Council of China promulgated the Interim Measures for the Administration of Stock Exchanges, which did not change the terms on the acquisition of listed companies.

Yu Ming then spent two days selling 72.032 million yuan of treasury bonds, distributing 42.032 million yuan to the capital accounts of Wei Xuxia, Li Ruozhu and Zhou Jilan, and the remaining 30 million yuan on his uncle Yu Guangxing and his own capital account of 15 million yuan each.

After the fund transfer was completed, Yu Ming informed Wei Xuxia, Li Ruozhu and Zhou Jilan to start building positions from the beginning of next week, and the position building cycle was a whole summer, so that they could grasp the time of opening positions every day and complete the opening of positions before the school started on September 1.

As for how to open a position, Yu Ming has said before, and when he notified them this time, he also emphasized again that the stock price should not be raised when opening a position.

The stock market rebounded in the summer, with the Kyoto Index rising 5.93% from a close of 878.52 on Monday, July 12 to a close of 878.52 on August 31.

Yanzhong Industrial fell 0.56% from the closing price of 8.90 yuan on Monday on July 12 to the closing price of 8.85 yuan on August 31, indicating that Yanzhong Industrial has not been taken care of by the main force in the summer.

Most of the trading volume of Yanzhong Industrial in the summer remained at 800-8,000 lots, and only one trading day on August 10, 12, 13, 16 and 17 exceeded 10,000 lots.

Yu Ming first opened a position in the account of his uncle Yu Guangxing, and on August 13, he completed the opening operation on his uncle's account, building a total of 14,970 hands of Yanzhong Industrial, and there were still 410,000 yuan of funds left in the account, including handling fees, and the average cost of opening a position was 9.75 yuan.

By August 31, Yu Ming had only opened 7,000 positions in Yanzhong Industrial on his account, with an average cost of 9.62 yuan, and 8.266 million yuan remained in the capital account.

Wei Xuxia, Li Ruozhu and Zhou Jilan all completed the position building operation of Yanzhong Industrial stock on August 31, Wei Xuxia helped Yu Ming build a position of 14,580 hands at a cost of 9.60 yuan per share, Li Ruozhu helped Yu Ming build a position of 14,344 hands at a cost of 9.76 yuan per share, and Zhou Jilan helped Yu Ming build a position of 14,403 hands at a cost of 9.72 yuan per share.

Li Ruozhu completed the position at the earliest, with the highest cost, and Wei Xuxia completed the position at the latest, with the lowest cost.

On September 10, the Kyoto Stock Exchange announced that corporate legal persons could enter the secondary market, and a week later, Yanzhong Industrial began to rise in volume.

Yu said that his account only completed the opening of the position on September 16, and in September, he opened 7,490 shares of Yanzhong Industrial Stock, with an average cost of 9.26 yuan per share, and 1.33 million yuan remaining in the account.

In this way, Yu Ming's account has a total of 14,970 Yanzhong Industrial stocks, with an average cost of 9.13 yuan per share.

It means that the latest to open a position, the lowest cost to open a position.

On September 16, the closing price of Yanzhong Industrial was 9.39 yuan, up 1.95% on the day, with a trading volume of 8,550 lots.

After September 17, until the end of September, the trading volume of Yanzhong Industrial was significantly enlarged, with a daily trading volume of more than 10,000 hands, and the stock price was rising every day, and the main force showed obvious signs of pulling up and absorbing chips.

Yu Ming had already seen the dawn of Yanzhong Industry and felt that he had made the right bet.

On September 30, Yanzhong Industrial closed at 15.68 yuan, and the trading volume was enlarged to 96,734 lots, up 30.12% on the day.

Yanzhong Industry has become a bright light in the bear market!