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

Hearing the murmurs behind him, Lu Chenzhou frowned.

Seeing Lu Chenzhou frown, Wen Zhiyu turned her head and immediately shouted, "Quiet! When has Brother Lu ever made a mistake?"

From the moment we bought CITIC Securities at the bottom, every step we took was perfectly timed.

He's throwing it out now, so he must have his reasons. Who are you to be here chattering and questioning him?

Some people were still unconvinced, muttering in a low voice, "But Sister Zhiyu, the price really can double!"

Wen Zhiyu glanced at the man coldly: "Double? Do you think we can escape when the stock price peaks and the speculative buying collapses?"

At that point, let alone profits, even the possibility of a clean exit will be questionable.

Selling now is the best decision.

After selling, Lu Chenzhou opened the holdings details and glanced at them.

Net assets: HK$8873 million

He frowned as he looked at BYD Electronics' stock, which was still rising but with limited buying interest.

4.60港元做空1000万，4.63港元做空1000万，4.60港元再做空1000万。

The share price fell back to HK$4.50, but the buying pressure below was very strong, so he didn't make any further moves.

3000 million shorting BYD is already enough.

This stock's market capitalization was already small; there's no need to do anything more with it.

He quickly switched pages and saw that China National Building Materials had shorted 3600 million shares at a price of 9.80 yuan.

After finishing, switch pages again and use the remaining HK$2273 million to short Huaxin Pacific, with a transaction price of HK$22.50.

After the transaction was completed, he checked his holdings:

Short selling target: BYD Electronic (HK0285)

Short selling volume: 652.17 shares

Average short selling price: HK$4.61

Current price: HK$4.50

Short selling floating profit/loss: +HKD 71.72

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Short selling target: China National Building Material (HK3323)

Short selling amount: HK$3600 million

Transaction price: HK$9.65

Short selling volume: 367.35 shares

Current price: HK$9.42

Short selling floating profit/loss: +HKD 84.49

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Short selling target: Huaxin Pacific (HK0267)

Short selling amount: HK$2273 million

Transaction price: HK$23.15

Short selling volume: 101.02 shares

Current price: HK$22.65

Short selling floating profit/loss: +HKD 50.51

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Total: HK$8873 million, with floating profit/loss of HK$206.72 million (+2.33%).

A group of people gasped, looking at him with surprise and uncertainty.

"Holy crap! Brother Lu, are you crazy? That's Huaxin Pacific, the Rong family's company! You're shorting the Rong family's stock? Are you insane?"

"Brother Lu, CEFC China Energy is one of the largest constituent stocks of the Hang Seng Index in Hong Kong. Its predecessor was CITIC Hong Kong Group Limited, which was established in 1987."

In 1990, CITIC Hong Kong and Tai Fook Development, owned by stock market tycoon Charles Heung, merged and were renamed CEFC Taiwan in 1991.

CITIC holds 30% of the shares, and Rongjia holds 19%. The company has three main businesses: special steel, real estate, and aviation.

Do you think ordinary companies can do businesses like special steel, real estate, and aviation?

Besides, you know perfectly well how the Rong family is connected to those above them; they're practically in cahoots.

If you short CEFC China Energy, do you believe you might end up lying in some stinking ditch the next day?

"Brother Lu, you need to think this over carefully! This is no joke. With our financial size, shorting would be absolutely suicidal; we'd be wiped out the moment we showed any signs of aggression."

"Don't even mention us. Even if Hong Kong tycoons like Li Ka-shing, Lee Shau-kee, and Cheng Yu-tung knew that shorting CEFC China Energy would be profitable, believe me or not, they wouldn't dare to do it."

"They don't dare, how could you?"

"Yes! Brother Lu, please don't be impulsive. Huaxin Pacific is currently at HK$22. Even if it drops to HK$5, we would only make 77.27% by shorting. It's high risk and low return, not worth it at all."

"Wait a minute! From 22 to 5, didn't that mean you made more than four times your initial investment?"

「你说的是从5涨到22做多赚四倍多，做空的话从22跌到5，只赚70%多。」

"Oh, okay! Then let's not short sell. Let's just go long. Going long has no risk and we can make more money."

"I can understand shorting BYD Electronics. After all, it has risen so much and there are too many profit-taking positions. It's okay to short it appropriately."

Shorting China National Building Materials is also a good idea; Morgan Stanley says China National Building Materials is worth zero, so you can make some money by shorting it now.

But Brother Lu, why are you shorting CEFC China Energy? That's a behemoth, you can't touch it!

Before everyone could recover from the series of short-selling operations, Lu Chenzhou had already leaned back in his chair and closed his eyes to rest.

The office was eerily quiet, with only the hum of the computer fans.

The group of people who had been chattering away just moments before now looked at each other, none daring to speak first.

Xia Yaozong opened his mouth, then closed it again.

He glanced at Wen Zhiyu, who was staring at Lu Chenzhou's profile, her eyes revealing no emotion.

Zhang Yixing frowned, seemingly lost in thought.

"Brother Lu."

Finally, someone couldn't hold back any longer. It was the guy who had invested 1 yuan of his savings for his wife. He kept his voice very low.

"Brother Lu, is it really okay to short CEFC China Energy?"

Lu Chenzhou, without opening his eyes, asked, "Do you think Hong Kong is still the Hong Kong before 1997?"

The sentence was light and casual, like a breeze blowing through the office.

The person asking the question paused for a moment, then didn't dare to continue.

Xia Yaozong, however, began to understand the meaning behind it.

He silently repeated that sentence to himself several times, and suddenly felt a chill run down his spine.

Yes, it's been over a decade since Hong Kong returned to China.

The Rong family? What happened to the Rong family?

But he didn't say it aloud; he just nodded to himself in his mind and then turned his gaze back to the screen.

At four o'clock in the afternoon, someone whispered something.

The market has closed.

Lu Chenzhou opened his eyes and glanced at the screen.

The Hang Seng Index closed at 17802 points, down 214 points.

It wasn't a deep drop, but it hovered at low levels throughout the day without any significant rebound.

His gaze shifted to the closing prices of the three short-selling targets:

Short selling target: BYD Electronic (HK0285)

Short selling volume: 652.17 shares

Average short selling price: HK$4.61

Current price: HK$4.50

Short selling floating profit/loss: +HKD 71.72 (+2.39%)

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Short selling target: China National Building Material (HK3323)

Short selling amount: HK$3600 million

Transaction price: HK$9.65

Short selling volume: 367.35 shares

Current price: HK$9.42

Short selling floating profit/loss: +HKD 84.49 (+2.38%)

-------------------------------------------------

Short selling target: Huaxin Pacific (HK0267)

Short selling amount: HK$2273 million

Transaction price: HK$23.15

Short selling volume: 101.02 shares

Current price: HK$22.65

Short selling floating profit/loss: +HKD 50.51 (2.16%)

Including the profits from closing out my long positions in BYD Electronics today,

He calculated that after deducting leveraged funds, he made a net profit of over 50 million yuan today.

"Brother Lu."

Xia Yaozong leaned closer and lowered his voice, "How do we proceed tomorrow?"

Lu Chenzhou thought for a moment and said something that no one understood:

"wait."

"What are you waiting for?"

"Wait for someone to carry our sedan chair."

After saying that, he stood up, picked up the water glass on the table, took a sip of water, and then walked towards the door.

He took two steps, then stopped, and without turning his head, said:

"Everyone be there on time tomorrow morning; there might be a big market move."