May 19th, 1999, Wednesday.
The weather in Sucheng was exceptionally sunny. The A-share market opened normally in the morning. It was especially peaceful and peaceful than before!
At 8:30 pm, Su Zhe sat on the bed punctually. He turned on his laptop and logged into Huatai Security. He sold all the ten stocks he had bought yesterday.
Today, he was prepared to make a crazy wave of leverage.
Zhang Jun had already arrived at the office early. He logged into Huatai's backstage and observed Su Zhe's every move.
He saw the ten stocks hanging up and couldn't help but smile.
As expected, Mr. Smith still listened to his suggestion.
Drip! Drip! Drip! Drip!
Time ticked by. When the needle reached 9 o'clock, Su Zhe and Zhang Jun looked at the computer screen at the same time. However, the difference between the two of them was that Su Zhe was looking at Yian Technology.
As for Zhang Jun, it was the Shanghai index.
It didn't open high, nor did it go low…Of course, there was still half an hour before the market opened. The market could change at any time.
Yi 'an Technology was in line with the market at 0%, and the stock price was 26.3 yuan.
Su Zhe then looked at the other stocks. There were four that did not rise or fall, two that rose, and three that fell!
However, this was not the main point. What Su Zhe had to wait for was the moment he sold it.
He subconsciously looked at the contents of the notebook. It clearly stated that the stock market today was at 10:09!
At 10:00, the National Academy issued a policy. At 10:09, a huge fluctuation occurred in Huabei Steel.
Suddenly, a huge purchase order of 53554 lots appeared, and then the stock price instantly rose by 0.34 yuan... 000878 Zhonghai Pharmaceutical followed closely behind. The two stocks took the lead in pulling the market, starting the horn of a counterattack.
These two branches were known as the Twin Swords Combined Wall, and they had achieved a miraculous feat!
However, Su Zhe didn't buy it because within half an hour after they pulled the market, nearly 100 stocks soared.
Just today, nearly 80 stocks would rise by the daily limit, and more than 200 stocks would rise by 5%.
Among the 80-odd stocks, Su Zhe had bought ten of them.
Pa!
The computer screen suddenly turned black, and then…the connection in the lower right corner was disconnected again.
"F * ck!"
Su Zhe really had the urge to curse. At this critical moment, the Internet actually dropped the ball.
"Forget it, we can't trade before 9:30. It's useless even if we connect!”
Su Zhe sighed and regained his composure. Zhang Jun, on the other hand, stared at the market. At 9:20 pm, the Shanghai index suddenly fell.
"Not good, open low!"
"Is the market going to open low today?”
A bad premonition arose in Zhang Jun's mind.
He had really expected it. If the market opened low, the stock index would definitely fall below 1000 points. This was the only time in recent years.
Below 1000 points.
This was a fatal stock index!
From 1996 until now, although the Shanghai index had been rising and falling all the way, it had never dropped below 1000 points. This was just like a person's psychological endurance.
This 1000 points was the high voltage line that the stock market could withstand.
Many people would bet on this point to reverse the trend and rebound, but experienced financial experts knew very well that if the stock fell below 1000 points, the stock market would actually collapse.
Ever since the Shanghai index was launched in 1991, it had dropped 1000 points seven or eight times, but without exception, it fell even more.
From December 1992 to May 1993, the Shanghai stock index once reached a peak of 1500 points. However, in the following six months, not only did the stock index fall below 1000 points, but it also fell to 500 points.
From October 1993 to August 1994, the stock market was in a slump. It finally reached 1100 points and then fell for nearly a year. It even fell below 500 points in an instant, reaching the lowest point in history, 415 points.
After that, in 1995, 1996…there were similar moments!
History always had astonishing similarities.
Zhang Jun had a premonition that the stock market would be like this year, and today... was the moment when it lost 1000 points. The trend had already begun to show signs.
"Hey!"
He sighed slightly. In fact, the stock market's plunge was also a huge blow to people in his industry.
When the stock prices fell, the old shareholders would cut their losses and flee.
The short-term profits of the stock companies were good, but the long-term profits were greatly reduced. Therefore, the stock companies did not want to see the stock price plummet. However, the stock market was not controlled by the stock companies.
There was nothing they could do. Zhang Jun could only watch as the stock price kept falling.
Ding! Ding!
At 9:30, the alarm clock for the opening of the stock market rang, and the Shanghai index officially opened.
Just as Zhang Jun had expected, the index dropped by 0.8% to 1020 points!
However, because Su Zhe had reported the price in advance, the moment the market opened, all ten stocks in his backstage were sold.
27.2678 million!
This was the profit of Su Zhe's ten stocks yesterday after deducting the transaction commission, stamp duty, and other transaction fees.
2.72 million!
Including his initial capital of more than 18 million, Su Zhe's backstage account now had a total of 20,729,789 yuan!
"We successfully escaped!"
Zhang Jun couldn't help but feel lucky for Su Zhe, but at the same time, he had to admit that Su Zhe's stock trading ability was definitely very good.
Su Zhe logged into the backstage and saw the news that his ten stocks had been successfully traded. Looking at the backstage funds that had exceeded 20 million, Su Zhe was waiting for 10:09.
At that time, it would be the time for him to enter the market again.
No matter what the price of the ten stocks was, Su Zhe had to get them. No one could stop him!
"It fell!"
"As expected, they all fell!"
Su Zhe was observing the ten stocks he bought yesterday, including Yi 'an Technology, which was known as the most powerful stock in 1999. After the market opened, it also plummeted and fell by 1% in just a few minutes!
The biggest drop was in the variety show's shares, which had actually fallen by 5%!
"Hahaha, fall…the harder it falls, the more I earn!”
The lower the price, the more perfect Su Zhe's leverage would be.
He still hoped to directly drop by 10%. He would definitely be able to gain a wave of 20% leverage and make a huge profit.
Because only Su Zhe knew that after 10:09, these stocks would skyrocket. Before 3 pm, 80 stocks would reach their daily limit!
Even Zhang Jun, an industry insider, would not know that the first stock market rescue in China's history had come so suddenly!
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