I am farming in the real world.

Chapter 174 0173 The Village Chief Asks (Subscribe)

The group of small retail investors in Rizhao Hong Kong Stock Bar were all shocked.

On weekdays, the trading volume of this junk stock is only about 5000 million yuan a day, and the turnover rate is as low as only a few tenths of a percent.

It is ranked more than 5000 among the more than listed companies in the city. It is obviously not very popular and hot, comparable to those unpopular stocks that are about to be delisted.

Who would have thought that not long after the market opened, the stock was hit by a sneak attack of more than 100 million hands by big funds at the lower limit.

The transaction amount suddenly reached more than 3 million, and the turnover rate jumped to more than 3%.

This will give small retail investors who are trapped at high levels hope of getting out of the trap.

"Brother Wanshou, save my life!"

"Ignition and take off!"

"Which organization has come here to attack us?"

"Big money comes to the rescue!"

There is a lot of excitement in the stock comment barrage.

Because of the influx of nearly 3 million yuan of funds, the K-line that was at the lower limit began to rise.

It started from the lower limit of -9.99% and went all the way up, soon turning from green to red and starting to rise.

Even securities apps such as Tonghuashun and Eastmoney pushed out changes in the stock price of Rizhao Port as soon as possible.

In this high-tech information age of quantitative high-frequency trading, abnormal fluctuations in individual stock prices cannot escape the attention of leading capitals.

Chen Juedian's huge entry of more than 100 million yuan made the hot money, institutions, and short-term traders who like to play the board in the market smell a good smell.

Speculators began to enter the market to buy at the bottom, pushing the share price of Rizhao Port to the upper limit of 10.01 yuan per share, a +2.79% increase, in just a few minutes.

The pattern change from an underwater straight line to a red straight line took only 5 minutes.

Such a strong trend made the retail investors who were washed out during the opening period slap their thighs in frustration: "Fuck! I sold out at the opening! (vomiting blood)"

"I can't catch up anymore, there are no more chips in the market (covering my face)"

"I've never seen such a rubbish stock go through the ceiling! (I'm just a leek)"

As the volume of entry orders increased from tens of thousands to hundreds of thousands, everyone realized that the stocks in Rizhao Port might be out of the market.

Even the city's popularity ranking jumped from 4000+ to the top 10, attracting more retail investors.

After all, chasing highs and selling lows is an eternal operating habit in the capital market like the A-share market. The more popular a stock is, the more likely it is to be bought by people.

However, what many retail investors and institutions who followed in did not expect was that they only held up the market for less than half an hour after they formed a joint force to close the order, and only took over a few or dozens of small chips not long after.

A big green negative line appeared out of nowhere like pulling onions out of dry land.

There were hundreds of thousands of orders placed, just like a killing book, but they were all wiped out in a snap due to the sudden increase in volume.

The stock price was instantly pushed down from 2.79 yuan per share to the opening price of 2.60 yuan by the intensive selling orders.

This surprised Chen Jue who was watching the market: "Is this the dealer taking action?"

The big-nosed old businessman sitting next to him nodded and analyzed: "Boss, state-owned port stocks like these are generally not allowed to be speculated! No matter how many buy orders there are, the dealer can easily suppress them."

According to the old businessman, listed ports are the economic throat of China's imports and exports, and are usually strictly monitored by the village chief.

Including the big four banks, PetroChina and other blue chips, they are the ballast of China's economy. The chips in the hands of the market makers are highly concentrated, so they are not afraid of being speculated at all.

Because once this kind of topic is hyped, the stocks in the hands of the market makers will be released in large quantities to suppress the stock price just like the US dollar with unlimited QE.

If it really doesn't work, the company will suspend trading and issue additional shares to dilute the shares, so that those who speculated in the market will be completely trapped.

It is precisely because of such unwritten rules that ordinary hot money and institutions will not and dare not touch such big stocks.

They can cut retail investors with a sickle in their hands, but if they dare to cut these stocks, don’t they think they are tired of living?

At most, we can cooperate with the village chief to buy a small amount and occasionally support the market so as not to let the retail investors in it become completely discouraged.

But Chen Jue didn’t have that much concern!
He bought shares of Rizhao Port with the intention of long-term value investment, and he operated the entire process using a single account on his mobile phone, without any violation of regulations in manipulating the stock market.

However, seeing the market maker increase the volume so much, the short-term traders who just came in were dumbfounded.

"Oh my god! Zhuang is angry (covering his face)"

"The selling orders suddenly increased by millions. Who can afford this?"

"Don't touch the tiger's butt (run away)"

"Dark clouds are covering the sky! That big positive line just now must be a lure to buy (the wind is tight and the wind is blowing)"

The stock comment section was in an uproar, and those institutions and hot money that were trapped were now beginning to sober up.

Realizing that this plate was not something they could touch and that something was not right, they began to withdraw large orders from the sidelines, fearing that they would also be buried by this big negative line.

As a result, the stock price, which was originally falling, was pushed from the upper limit to the lower limit.

Less than an hour after the opening, the stock formed an incredible inverted V-shaped curve, which made many investors say that they couldn't understand it.

Even major financial self-media and news pushers such as Tonghuashun have issued early warnings: "Rizhao Port shares have moved unusually, with a sharp rise and fall in the morning session. Relevant shareholders are requested to pay attention to the risk of volatility!" Watching the green numbers on the sell orders rise little by little to more than 200 million hands, all the capital waiting on the sidelines understood that the market makers inside were deliberately suppressing the stock price to prevent speculation.

In the offices of some securities trading companies across the country, people were even more cheerfully joking: "The brother who just made the sneak attack is in trouble. He has angered the dealer. If he doesn't kill the stock by a few limit downs, he will definitely not be able to get out."

"Tsk tsk! 2.5 million yuan of funds are locked up. I don't know which big speculator is crazy enough to touch such a magical stock."

"You are destined to be slaughtered, or you can learn from the turtle and stay inside to hatch eggs. It will take several months for the pattern to emerge."

Traders are not optimistic about the future market of Rizhao Port.

After all, more than 70% of the circulating shares are concentrated in the hands of market makers, and the size of retail investors' holdings is too small, so even if they want to buy or sell, the price will be suppressed wildly.

There are many port stocks like this that are even being hyped up to below 1 yuan.

Right now the share price of Rizhao Port is only 2.5 yuan, and the market makers are not afraid even if it drops by more than 50%.

This is because the market makers do not make money from the stock market at all, but rely on the port revenue of Rizhao Port itself to maintain profitability.

Just when investors thought that Rizhao Port was destined to hit the limit down today.

Suddenly, 200 of the 50 million limit-down orders disappeared.

I thought that the big dealer in the market had temporarily withdrawn the order, but who would have thought that a big red candle would suddenly appear on the market.

This time, even the behind-the-scenes controlling shareholder of Rizhao Port was stunned!

"Another surprise attack to buy 5000 million shares?"

"Who is this person? How dare he be so bold?"

"Press him to death! Do you really think this plate of ours is just for stir-frying?"

The dealer's traders were frantically typing away at their keyboards to sell shares, and soon the order volume increased from 150 million lots to 300 million lots.

Such a muscle-flexing operation also sends a signal to the secondary market.

That is: "No matter how much you buy, I have plenty of stock! Whether the stock price falls or not is up to me."

As a result, retail investors are even more reluctant to enter the market.

In the time-sharing range, there are only a few or dozens of small red buy orders in an attempt to buy at the bottom.

As for Chen Jue, after he bought 1.5 million shares, he was stopped by Lao Shang.

Because if you buy again using the Red Star Trading account, it will immediately trigger the 5% position line raising mechanism of Rizhao Port.

The so-called placard mechanism is a kind of insurance for the stock market. If the share price exceeds 5%, the buyer's account information must be disclosed to the A-share market to prevent stock price manipulation and protect the interests of small and medium-sized investors.

Moreover, within the next six months, the buyer's account will no longer be able to buy or sell this stock.

This would deviate from the original 50% controlling stake target.

In addition, if Red Star Trading rashly raises its hand, it will also affect the emotions of retail investors and market makers.

As soon as the market and investors saw that someone was frantically buying up Rizhao Port stocks, they knew there was a problem and would hold on to their shares and not release them to the outside.

You can make a lot of money by waiting for the price to skyrocket and then selling it.

So with the help of Lao Shang, Chen Jue stopped his mindless behavior of throwing money out like happy beans.

It is indeed exciting to be the Wanshou Brother's sneak attack like today, but doing it too much can easily backfire.

Instead, within the next half month, they switched to personal private equity accounts opened in Hong Kong, such as "Chen Shang" and "Tie Yi", to split the orders and buy.

The amount bought each time is not much, just a few hundred or a few thousand lots like retail investors. Relying on the accumulation of northbound funds, the holdings of each account are controlled below the 5% shareholding line.

However, as time went on, the big dealers in Rizhao Port also smelled something wrong.

No matter how they sell their chips to suppress the stock price, the price of Rizhao Port is rising steadily every day.

It rose steadily by 1 or 2 points every day, and the trading volume also stabilized from the initial tens of millions to the range of 2 to 3 million, and the turnover rate increased day by day.

The investors who are stuck in the market are so excited: "Steady happiness! It's more stable than buying funds!"

"The hope of getting out of the predicament has come. If it rises a few points, it will reach a new high this year (tears)"

"This junk stock actually has a chance to turn around. It's worth it that I've been stuck in it for more than ten years (I've never seen this before)"

"The entire A-share market is plummeting, but this one is rising every day (buy buy buy)"

As the market's popularity grows, the market makers will plan to do the opposite as soon as they see that the situation is not right, holding on to the chips in their hands and letting the stock price go up on its own.

Anyway, no matter how the operation is carried out, the banker will make money, and a higher stock price will also help boost the market value.

Unexpectedly, before the traders of Rizhao Port could make the next move, the village chief’s announcement directly ignited the sentiment of the entire A-share market.

"We have noticed that the share price of Rizhao Port has fluctuated recently and the number of shareholders has changed significantly compared to before. The village chief has decided to suspend trading of the stock for 10 working days."

At the same time, the village chief also made an inquiry call to the big-nosed profiteer through the international hotline: "Is this the president of Red Star Trading? What is the purpose of your company investing a large amount of money to buy shares of Rizhao Port?"

First update today~ I’m trying to take advantage of the bull market, but I advise everyone not to speculate in stocks. For ordinary people like us, gambling will not end well.

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(End of this chapter)