Chapter 354 The Pain of Making Too Much Money

[Juntai Securities' net purchase of 900 billion yuan in a single day surpassed CITIC Securities' 600 billion yuan and Grapefruit Capital's 600 billion yuan - it is a well-deserved mainstay of the market rescue. If you don't agree, come and argue.]

[My child, the most important thing for you now is the transition from primary school to junior high school. Don’t let the top rankings hold you back.]

[Cerebral palsy, Grapefruit Capital has three stock market trading seats it often uses. In addition to their own institutional seats, the other two are Juntai Securities Headquarters and Juntai Securities Shanghai Huaihai South Road Sales Department. How much did Juntai pay you to brag? ]

[There is no point in having a reasonable discussion and scolding people. Anyway, all I see is Juntai’s 900 billion and Xiyou’s 600 billion. I still said that you are Xie Jingxing’s dream girl. ]

[The seats of Xiyou Institution, Juntai Huaihai South Road and Juntai Headquarters are on the Dragon and Tiger List with more than 100 checks. If you use the stupid method to calculate, there are about billion yuan of funds! ]

[What the hell? Is Juntai Huaihai South Road a grapefruit seat? The demon king "Meidu Special Steel" that rose 750% last summer was made by them! Shanzhuang, who had a gentle and proper operation method, disappeared after making this ticket and never appeared again. ]

[Doesn't that mean Xie Jingxing has been there throughout the entire bull market? Last year, the market started to rise after the demon king Coal City Special Steel came out, and when the bull market ended, he stepped up to close it. It's just a reincarnation, a god! ]

Two hours after the closing, the exchange's official website and various trading software released the day's trading data, and the net buying amounts of many major rescue forces were viewed with a magnifying glass by the general public.

As the news broke out during the debate, the focus shifted instantly, and stock investors frantically sent private messages to the Weibo account that broke the news and asked questions.

"Is something wrong?"

After the after-hours operation summary meeting ended, Xie Jingxing walked out of the meeting room and asked doubtfully.

"Oh, it's okay. I'm just reading the online opinions."

Song Anli put away her phone with a guilty conscience, her little brain working quickly as she said seriously, "Xie Jingxing turned the tide and saved the collapsing building."

"Nasty."

Xie Jingxing got goosebumps all over his body. It wasn't that he didn't like it, but he was too embarrassed to face the seniors like Chairman Juntai after accepting this title.

Today, Grapefruit Capital made a net purchase of 1000 billion yuan in the two markets, pushing more than 70 stocks to their daily limit. It is undoubtedly one of the main forces in rescuing the market.

But it is not calculated that way. The main players of the national team, such as China Securities Finance Corporation, State Administration of Foreign Exchange, Social Security Fund, etc., are all working hard to support the bottom of stock index futures and junk stocks today. Otherwise, how could thousands of stocks hit the daily limit?

It is impossible to count how much ammunition they have used up. The leading securities firms also have to take into account the bond, futures and other markets. It can only be said that the stock market is the most well-known to the general public.

"Use my account to post a Weibo again." Xie Jingxing thought for a moment and said.

Song Anli was confused: "What?"

"I'll post this... a group photo of me and the chairmen of securities firms at the meeting to coordinate the market rescue on Sunday. I'm standing in the middle of the photo."

Xie Jingxing disdained to take credit for others' achievements, but was happy to crown himself the king of the market, which he deserved.

Moreover, the music has not stopped yet, the charge melody is still resounding, and he will still be the first to enter the market tomorrow.

"How many conference calls are scheduled for listed companies? I'll have a meal first and choose later..."

Xie Jingxing returned to the office and sat down to open the takeaway. He suddenly stopped talking in the middle of his words, leaned back and stared at Song Anli who locked the door and walked towards him step by step, taking off her clothes one by one.

From the door to the desk, a long, crystal clear line slides out.

"Eat me first."

Song Anli said softly with bright eyes, picked up the wine glass placed next to the takeaway, raised it to above her delicate collarbone and poured the wine down.

The promise of 3000 billion yuan to rescue the market attracted worldwide attention. After retail investors learned that the facts were concealed, they launched a barrage of abuses. Finally, at the critical moment of the market's life and death, they bore the pressure and fought hard.

The market surged nearly 10% in a single day. It is true that Xie Jingxing could not take all the credit for himself, but under the extreme reversal, other parties involved in the rescue were eclipsed.

Some people are born to be the protagonist. As a believer of the protagonist, she wants to sacrifice herself, from body to soul...

Well, after working so hard it’s time to vent the pent-up adrenaline. Drinking is not enough, you also have to eat greedily and enjoy a sumptuous feast.

Xie Jingxing picked up the phone and called Concubine Pei. Song Anli just lay quietly on the large office desk, her whole body bathed in the sunlight and reflecting a holy glow.

…………

"No, I have work to do tomorrow and I have to go. I need to call my agent!"

"Sister, I beg you. I have a very important commercial endorsement event tomorrow. If I don't go, I will have to pay a large sum of money. If I really can't go, can I come back after I go?"

"If you've collected the money, you have to provide good service. Otherwise, you'll be complained about. So just be good and don't make a fuss."

In the early hours of the morning, the stalemate and dispute were quickly resolved. Song Anli drove several women wearing baseball caps and masks out of the office like ducks and sent them to a nearby hotel to rest.

Princess Pei was in the United States to rest her pregnancy. Her pimp agent, who was well-known in the circle, had some tricks. With just one phone call, he got several female stars to sit on the table.

Whether it is worthy of a feast is another matter, but it is ready to eat right out of the bag and is a large enough portion to fill you up.

Since they had paid for the goods, there was no need to worry about them getting damaged. Allowing them to rest in a nearby hotel was Xie Jingxing's greatest consideration.

Currently, people are allowed to enter but not leave the villa. Except for him and Song Anli, everyone must hand in their communication devices, and office computer equipment is monitored around the clock by the China Securities Regulatory Commission.

Yesterday the market surged 10%, which in a sense was not all good news.

The mice who were shorting were bleeding profusely, while the mice who were long and trapped before the crash were probably digging holes in the door to get inside information, waiting for the stock price to rise so that they could sell their shares and run away.

Therefore, on the one hand, the operation plan must be kept absolutely confidential, and on the other hand, Xie Jingxing needs to judge the trends of thousands of stocks in the two markets by himself. It only takes a thought to lift the sedan chair to get out of the predicament or to buy the bottom for value investment.

It's not just mice, the vast majority of retail investors are like this as well.

Today will be a day when the main force of the rescue will naturally be under pressure. Xie Jingxing sat at his desk and worked all night, breaking down the 200 billion positions into billion-level operation instructions.

"It's time for breakfast."

Song Anli walked into the office quietly, walked around the mess on the floor, opened the window and let in fresh air to dilute the lewd smell of last night.

"Twenty minutes to clean up."

Xie Jingxing's eyes were bloodshot. He picked up a set of clean clothes and went to the bathroom next door to take a cold shower. He then shaved his beard and returned to his cold and silent state of yesterday morning.

Grab breakfast and go to the lobby on the first floor. A dozen traders are sitting or standing, eating while determining the day's operation plan.

"The market already knows that Juntai South Huaihai Road and Juntai headquarters are ours. Please pay attention to compliance in today's operations and do not embarrass the regulators."

Xie Jingxing finally emphasized that Song Anli lowered her head unconsciously with shame on her face, and she took the initiative to go to the compliance department of Xiyou Capital to receive the fine.

The traders didn't care. Trading seats were an open secret. Everyone in the industry knew who was who. It wasn't necessarily a good thing for retail investors to know. Most of them would use trading seats to incite retail investors to commit suicide. This was why Xie Jingxing emphasized it.

Juntai Huaihai South Road Sales Department has a reputation as a good bank. Even if it does not deliberately manipulate emotions today, there will definitely be retail investors who are ignorant of the consequences and will follow suit, hoping to take advantage of the situation and get some bargains.

Silence and low pressure lingered, at 9:15, it was the call auction phase.

The market opened 2% lower and continued to fluctuate in a narrow range underwater. The pressure above the dense trading price area was relatively high, and the volume continued to expand.

"CSRC announcement: Starting today, we will work with multiple departments to investigate malicious short-selling accounts and verbally warn seven abnormal accounts, including the Guosen Futures Sidu Trade account owned by the global hedge fund 'Citadel' in China."

The external speakers broadcast the latest news, and Xie Jingxing suddenly turned around to look at the stock index futures market trend hanging on the pillars in the hall.

Wide range of fluctuations... No, it is falling, the bears are anxious...

"The bears are chasing the sheep. Don't be impatient. Take your time to eat the meat that is in front of you."

Xie Jingxing stretched lazily with a leisurely manner, dragged his chair and sat randomly behind Wan Xue's workstation, and even had the leisure to drink a little wine.

Operations that would normally be so brutal that they would drive the compliance department crazy are now incredibly correct.

Today's market is a contest between the main forces of bulls and bears to "herd the sheep". The bears want to create a panic of falling prices and drive insecure retail investors to cut their losses to get out of their positions, so as to achieve the purpose of crashing the market.

The more the bulls push up the price at this time, the more motivation retail investors have to sell and run away.

Traders all understand the truth. When it comes to competing for patience, Xie Jingxing feels at ease sitting here.

“It’s reached its daily limit.”

Wan Xue reported in a low voice without even turning her head, quickly tapped the keyboard with both hands to switch to a small window on the screen to monitor the trend, and then concentrated on operating the next stock.

Xie Jingxing nodded slightly. There is never a shortage of smart people in this market, and their aesthetic tastes for high-quality stocks always converge.

He focuses on blue chip stocks such as Gree and Moutai when selecting stocks, and the same goes for other friendly stocks. Yesterday, Grapefruit Capital only bought 10 billion yuan of Gree and the stock price hit the daily limit. Today, the stock opened high again and quickly triggered the daily limit.

Therefore, the market is about to enter a state of differentiation. Yesterday's spectacle of thousands of stocks hitting the daily limit will not happen a second time. The rise of high-quality stocks with fundamentals will drive the overall market index upward, while small and medium-cap junk stocks will continue to fall.

In short, there is only a bag of chaff on the inside of horse manure. The recovery of lost ground by the market has nothing to do with retail investors, so they should cry anyway, and even their cries will be covered up.

This is a good thing for today's bull-bear tug-of-war. The bears cannot drive away the flock of sheep standing on the high ground. They will have to wait until their next life to get out of this predicament!
As expected, the market did run in this way. The huge volume at the opening failed to bring down the market. Both the stock index futures and the main rescue forces in the two stock markets were slow in their actions.

Allow small and medium-cap stocks to fall across the board, and make as much money as possible from selling high-quality stocks until retail investors are reluctant to sell their holdings. The overall market index slowly turns around and continues to recover lost ground.

"The 3950 point is under pressure. Don't save your bullets. It's our turn to herd the sheep." Xie Jingxing reminded with a smile on his face.

Yesterday the market closed at 3895 points, up 9.9%, and both almost reached the integer mark. It was not that the main rescue force did not want to meet the market's psychological expectations, but that they failed to do so.

3950 points was the starting point of the market's emotional surge in April. It was also the point where bargain-hunting funds rushed into the market a few days ago after being fooled by a joint statement from private equity giants and various favorable news.

To put it simply, there are a lot of funds trapped in this area, and the trap is not deep. Once the market rises again, these trapped funds will be very motivated to shout "I don't want to lose money" and sell their shares and run away as if they have survived a disaster.

Xie Jingxing's response strategy is to replicate last year's operation on "Meidu Special Steel" - placing an order.

Where there is selling, there is buying. The stock price maintains a high level of volatility and the trading volume is good. Small buy orders fill the market. As expected, retail investors who try to follow the trend of Juntai Securities' Huaihai South Road Sales Department gradually pour in...

The flock of sheep was driven to attack the short-selling line of defense until the midday break, when the market index re-stood above the 4000-point mark.

If we ignore the hundreds of small and medium-sized stocks that are silently hitting the limit down, the situation is very good and is proceeding entirely in accordance with the CSRC's plan to rescue the market.

“How many positions were bought this morning?”

After staying awake all night for many days, he had his first party last night. Even a body as strong as iron could not bear it. Xie Jingxing felt a throbbing pain in his temples and lay on the sofa with his eyes closed, pretending to sleep.

Song Anli lifted his head and rested it on her thigh to massage it gently: "530 billion, including yesterday's total holdings of 1620 billion yuan."

"One last push this afternoon, with a ceiling of 800 billion. If nothing unexpected happens... that's basically it." Xie Jingxing made the decision hesitantly.

In fact, rescuing the market means saving the entire financial market. The stock market cannot fall too quickly or too hard, otherwise the decline will cause a systemic lack of liquidity and lead to a financial crisis.

The overall idea of ​​rescuing the market came from this. The highest coordination meeting emphasized again and again that all bullets must be used up in the shortest possible time. The essence of this is to forcibly put the brakes on the market crash and reverse the extreme panic.

It would be best if the stock market could rebound and resume healthy operation. At worst, a slow decline would not affect the overall situation. A drop to 3000 points or 2000 points would be acceptable.

From this perspective, the rescue operations in the past two days have basically achieved their strategic goals. The bond market, foreign exchange market, futures market and other markets have stabilized one after another. As for the tactical gains and losses in the future, it is unrealistic to expect the main rescue forces on the front line to continue to fight for their lives.

If yesterday was the bulls' last chance to find a head-on battle with the bears, then today's two-level reversal is the bears' last chance to fight the bulls.

The market will be given a cooling-off period over the next two days. With the intensive implementation of administrative rescue measures, there will be no serious short-selling forces left in the market next week.

With the support of the national team such as China Securities Finance Corporation, China Investment Corporation, and Social Security Bureau, everything will be fine as long as the market remains high for one to two weeks. We can solemnly declare that the market rescue operation was a complete success!

The main force of the rescue was disbanded on the spot, and everyone went back to their own homes. Let's stop here and it would be impolite to talk more. As for the losses incurred by the rescue of the various parties, let's not talk about this.

“The ground is in a mess.”

Xie Jing Xing gnashed his teeth in pain: "Grapefruit's total holdings are 1620 billion, and it has bought 127 stocks, of which 50 have exceeded the 5% shareholding line, and 12 have exceeded 8%. In a day and a half, Grapefruit Capital has become a major shareholder of 50 listed companies."

"Don't be angry, this is your achievement anyway." Song Anli held his forehead with her slender hand.

Xie Jingxing opened his eyes and looked at the woman he had raised for a long time, then smiled helplessly: "Zhengjin Finance and Huijin Investment have more than us. Together, they are the top ten shareholders of at least 1000 listed companies, with nearly one trillion yuan in funds."

"The market is now at 4000 points. If it drops to 3000 points, how many years will it take them to get out of this deep hole?"

He pushed away Song Anli's hand and sat up: "It's time to think about the aftermath. I don't know about them, but we need half a year."

"So you did it perfectly again."

"No, you don't understand. Five years after I retire, these stocks will help me earn three 3000 billion or even more, but I don't want to retire. When I first returned to China, I often said that time is running out, but now when I see these stocks, I have to say that I have to follow the old ways and let nature take its course."

Song Anli blinked and said seriously: "I think you should take a good rest for a few days."

"Whenever I close my eyes, my mind is filled with the ups and downs of stocks." Xie Jingxing scratched his hair in pain.

Song Anli picked up the tablet and unlocked the screen: "Then don't look at the stock market, don't think about it, just look at these."

(End of this chapter)