Becoming the King of Bottom Fishing After Going All-In on A-Shares

The news reached Central, Hong Kong.

In Goldman Sachs Asia's trader group, someone posted: "Lu Chenzhou closed his position in China National Building Material at 1.65. He said the Hong Kong stock market is about to change."

Wei Zhexuan saw the message but did not reply.

He stood in front of the whiteboard in the trading hall, where the intraday chart of Hong Kong stocks for the day was displayed.

Cheng Jiajun, standing to the side, said: "Boss, including the funds raised, he has a little over HK$10 billion."

Wei Zhexuan stared at the candlestick chart on the whiteboard without saying a word.

After a while, he went back to his seat, opened his Bloomberg terminal, glanced at tomorrow's trading plan, and continued to dump his shares.

Cheng Jiajun hesitated for a moment: "Boss, if he really wants to do more..."

Wei Zhexuan's tone was very calm: "Then let him do it. Whether he wants to go long or short, that's his freedom."

HK$10 billion won't make much of a difference.

Cheng Jiajun was stunned. Lu Chenzhou closed his position in China National Building Materials today, and he followed suit.

I followed along and earned several million.

Now Lu Chenzhou is going against a group of foreign institutions. Who gave him the courage?

The key question is, should I go with it tomorrow?

Richard Gray of Morgan Stanley also saw the news.

He leaned back in his chair, stared at the candlestick chart on the screen, remained silent for a few seconds, and then said to his assistant, "Execute according to plan tomorrow."

The assistant asked, "What is China National Building Materials' target price?"

"We'll talk about it when we get there if it's under HK$1."

Bill Hwang of Tiger Asia Fund remained silent after receiving the news.

He turned off his phone and continued looking at his data.

That night, foreign institutions in Central, Hong Kong, did not change any of their plans because of Lu Chenzhou's words.

Their sell orders are already in place; they'll continue to dump shares tomorrow.

A student with HKD 10 billion wants to go long?

In their view, this is not a threat, but liquidity.

Zhou Xingbang saw the screenshot of the investment group in his office.

He stared at that line of text for a long time: "The landscape of Hong Kong stocks is about to change."

He recalled the salon on the evening of September 17th. Lu Chenzhou stood up and said, "1929 points is a golden opportunity," which drew laughter from the entire room.

Zhao Xianglong mocked him, "If you think it's so good, why don't you buy it?"

Lu Chenzhou said, "Okay, I'll buy it."

At that time, nobody believed him.

After the announcement of three major positive news items, he said that the landscape of A-shares had changed, and the A-share market almost hit its daily limit the next day.

Now, he says, "The landscape of Hong Kong stocks is about to change."

No one laughed in the group, but some people questioned it.

The entire market knows that foreign capital is dumping shares, so why would they go long?

Zhou Xingbang didn't know what gave him the right to do so.

But he knew that this student wouldn't do something he wasn't sure of.

He picked up his phone and sent a message to Lu Chenzhou: "Chenzhou, foreign investors are still dumping shares, be careful."

Lu Chenzhou replied quickly: "I know."

Zhou Xingbang stared at those two words for a long time.

Then I put down my phone and leaned back in my chair.

He knew that the student wouldn't listen to him.

But he still spoke up.

On Baidu Tieba, the post was featured on the homepage.

Title: Leverage Guru liquidated his positions, saying "The landscape of Hong Kong stocks is about to change."

"Is the world about to change? What does that mean?"

"He just closed out his short positions and has 10 billion in cash on hand. What does that mean?"

"Go long?"

"The whole market knows foreign capital is dumping shares, so why would he go long? Is he crazy?"

"When he shorted the market, you all said he was crazy."

"That's short selling. Short selling allows you to profit from foreign capital selling off. Now he wants to go long, which is going against foreign capital. What can 10 billion do?"

"So what do you think he'll do?"

"I don't know, but I do know he won't go to his death."

"So you mean he won't do much?"

"I didn't say he wouldn't go long; I said if he really does, then he has something we don't know."

"What is it?"

"How would I know? I'm not him."

The comments section below the post was filled with arguments. Some said he was crazy, some said he had inside information, some said he was gambling, and some said he was courting death.

However, some people dug up his previous trading records.

On September 18, he leveraged his position to buy CITIC Securities shares that had hit their daily limit down.

He bought while everyone else in the market was selling at a loss.

Three major positive developments were announced that evening.

On September 26, he sold all his shares in CITIC Securities and invested all his funds in BYD.

The whole market was laughing at him, but he bought it.

Two days later, Buffett released his announcement.

On September 29, he cleared out his long position in BYD at 16 yuan and went short at the same time.

The entire market is chasing the rise, but he sells.

Then the stock price plummeted from 16 yuan to 12 yuan.

......

Today, he closed out his position.

The whole market knows foreign capital is dumping shares; he said things are about to change.

The post ended with the sentence: "You think he's crazy, and you always think he's crazy, but in the end, he's never the one who's crazy."

The replies below were scrolling by incredibly fast.

"So he was right this time too?"

"I don't know, but his record is completely correct."

"All correct? No mistakes?"

"From September 18th until now, I haven't missed a single one."

"...Then I'll believe him."

"What's the use of your belief? Can you even afford to invest?"

"...I can't afford to invest."

"Then what the hell are you talking about?"

At 7 p.m., the lights in room 608 were still on.

Lu Chenzhou sat in front of the computer, with three screens lit up simultaneously in front of him.

Hong Kong stock market closing data, US stock futures, Bloomberg News.

Wen Zhiyu sat in the corner, holding a book in her hand, but hadn't turned more than a few pages.

Zhang Yixing came in from outside, carrying a bag of fruit, and placed it on the table.

"Brother Lu, time to eat an apple."

Lu Chenzhou hummed in agreement but didn't move.

Zhang Yixing sat down, opened his lunchbox, and ate a few bites.

After finishing his meal, he threw the lunchbox into the trash can, stood up, walked to the door, stopped, and looked back.

Lu Chenzhou remained seated in front of the computer, motionless.

Zhang Yixing didn't say anything, but pushed the door open and went out.

Wen Zhiyu closed the book, stood up, walked to Lu Chenzhou's side, and placed a cup of hot water next to him.

"Foreign investors will likely sell off their shares again tomorrow," she said.

Lu Chenzhou remained silent.

"The whole market knows," she added.

Lu Chenzhou picked up his water glass, took a sip, and then said, "Let them smash it."

Wen Zhiyu looked at him but didn't ask any more questions.

She went back to the corner, sat down, and continued reading.

The lights were still on in the corridor.

Zhang Yixing went downstairs, took out his phone, and saw that there were still people in the investment group who were still awake.

Some people are discussing what "the world is about to change" really means, some are guessing what Lu Chenzhou will buy, and some are calculating how much foreign capital will dump tomorrow.

Zhang Yixing did not reply.

He put his phone in his pocket, pushed open the door, and walked into the night.

That night, from Beijing's financial district to Hong Kong's Central district, from investment groups to online forums, countless people were discussing the same sentence: "The landscape of Hong Kong stocks is about to change."

The entire market knows that foreign capital is dumping shares.

The entire market knows he's going long.

The entire market is waiting to see him die, or to see him win.

Meanwhile, Lu Chenzhou was strolling around the Renmin University playground with Wen Zhiyu.

After walking briskly for an hour, Lu Chenzhou looked at her and asked, "We might need to go to Hong Kong. Would you like to come with me?"

Wen Zhiyu was stunned, but thinking about the 10 billion yuan, she nodded: "Okay! Wherever you go, I'll go with you."

Lu Chenzhou smiled and extended his hand. Wen Zhiyu stared into his eyes for a long time before blushing and extending her hand as well. Their fingers intertwined.