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

"Hahaha! I told you to trust Brother Lu! Look, it's stopped falling now, isn't it? The Rong family is nothing special, there's nothing to be afraid of."

"Yes! Don't be afraid, let it fall hard, the more it falls, the better, the more it falls, the more we can earn."

"Fall faster, fall harder, fall fiercely! The harder it falls, the happier I am! What's so great about the Rong family? They're just a bunch of people with one head and two shoulders. What's there to be afraid of!"

Before they could even celebrate, a massive influx of funds poured in, and Huaxin Pacific reversed its decline, surging directly from HK$22.30 to HK$22.70.

"Holy crap! What's going on? The Rong family has made a move! Brother Lu, should we liquidate our positions? This is terrifying!"

"Yeah! Brother Lu, why don't we just close our positions? I feel like the nail that sticks out gets hammered down, so let's not be the nail that sticks out."

"Hahaha! Who was just now so gleefully saying the Rong family was nothing? Why are you chickening out now! Keep talking! Scared now?"

"I'm not afraid, I'm just doing a tactical backtest."

"Haha! I told you long ago that shorting CEFC China Energy was too risky. See? You'll regret not listening to your elders."

Zhou Xingbang, standing in the crowd, glanced at the stock charts. Huaxin Pacific rose from HK$22.30 to HK$22.70, BYD Electronic rose from HK$4.40 to HK$4.48, and China National Building Material rose from HK$9.19 to HK$9.88, all showing very strong upward momentum.

He opened his mouth as if to say something, but looking at Lu Chenzhou's calm face, he couldn't say a word.

As time went on, buying pressure weakened, and the decline narrowed to 386 points by midday. There was some breathing room in the latter half of the morning session, but the rebound was limited.

The decline widened again in the afternoon session, with a large number of sell orders appearing in the market.

Selling pressure intensified, and the Hang Seng Index continued to decline, eventually closing at its lowest point of the day at 17,682, down 2.9%.

Huaxin Taifu opened at 22.30, reached a high of 22.70, closed at 22.10, and had a low of 21.85, down 2.43%.

BYD Electronics opened at 4.40, reached a high of 4.48, a low of 3.53, and closed at 3.65, down 18.89%.

China National Building Materials opened at 9.19, reached a high of 9.88, a low of 8.80, and closed at 9.45, up 0.32%.

Lu Chenzhou opened his holdings and took a look.

Short selling target: BYD Electronic (HK0285)

Short selling volume: 652.17 shares

Average short selling price: HK$4.61

Current price: HK$3.65

Short selling floating profit/loss: +HKD 626.08

Floating profit/loss ratio: +20.82%

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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$9.45

Short selling floating profit/loss: +HKD 73.47

Floating profit/loss ratio: +2.07%

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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$22.10

Short selling floating profit/loss: +HKD 106.07

Floating profit/loss ratio: +4.67%

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Short selling amount: HK$8873 million

Total unrealized profit/loss: HKD 805.62

Overall profit/loss ratio: +9.09%

Today's figure is an increase of +6.75 percentage points compared to yesterday.

In other words, today's short-selling portfolio earned nearly three times more than yesterday.

The main contributor was BYD Electronics' nearly 19% plunge in a single day, which caused the profit/loss ratio of this short position to jump from +2.39% yesterday to +20.82%.

At 4:10 p.m., the cheers in Room 608 of the Renmin University Cultural and Technological Park had not yet subsided.

The corridor was packed with people, including students from this school, students from other schools, stock market investors who had come from out of town, and several reporters carrying video cameras.

Someone leaked the news to the media, and is currently being blocked at the stairwell by Zhang Yixing.

"Sorry, you can't come in. Brother Lu doesn't see guests."

"We'll just take one photo!"

Not even one.

Zhang Yixing closed the door expressionlessly and turned to go back into the room.

Lu Chenzhou was still sitting in front of his computer, with Hong Kong stock market closing data on the screen.

His expression was the same as when the market opened, calm as if nothing had happened.

But his account balance had changed from HK$9079 million in the morning to a net asset value of HK$9678.62 million after the market closed.

Xia Yaozong stood up from his chair, his voice a little tense: "Brother Lu, CICC just called me and said they'd like to invite you to dinner."

"I'm not going."

"Goldman Sachs also asked."

"I'm not going."

"And... Morgan Stanley."

Lu Chenzhou closed his laptop and stood up: "I'm not seeing anyone."

The room fell silent for a moment. Zhang Yixing and Xia Yaozong exchanged a glance, but neither said anything more.

In the corner, Li Ming leaned against the wall, clutching his phone, the screen displaying a screenshot of his account. He had invested 10,000 yuan, and based on today's profit margin, he had earned...

He calculated it several times, his fingers trembling the whole time.

Wang Hao, who was standing nearby, leaned over for a glance and gasped, "Holy crap, how much did you make today?"

Li Ming turned off his phone screen and pushed up his glasses: "Not much."

"Don't give me that. I saw it clearly, those numbers of yours..."

Li Ming interrupted him, his voice low: "Don't say anything more, I regret it."

"Regret what?"

"I regret not casting more."

Wang Hao paused for a moment, then sighed, "Who isn't? I invested two thousand, and today I made sixteen thousand. Sixteen thousand! That's two months' living expenses for me, but I only invested two thousand. If I had invested twenty thousand..."

"Stop talking."

"Yes, stop talking, you'll regret it the more you say it."

The two leaned against the wall, neither of them speaking.

In the corridor, several stock market investors from other schools were still lingering.

A middle-aged man in a gray jacket squatted in the corner, holding a crumpled notebook filled with numbers.

He looked up and asked the people next to him, "How exactly does he pick stocks?"

"have no idea."

"BYD Electronics, from 2 yuan to 4.5 yuan, more than doubled. He went all in on the long position, then went short, and made another profit. I've never seen this kind of operation in my fifteen years of stock trading."

"They must have inside information, right?"

"There's no inside story at all. He's just using publicly available information. BYD Electronics' fundamentals are clearly stated in its financial reports. It's just that nobody believed it, but he did."

"What about CEFC China Energy? Would they really dare to empty out the Rong family's company?"

The middle-aged man glanced down at his notebook: "He's shorted, and he's made a profit. Huaxin Taifu fell 2.43% today, and his short position has a floating profit of over a million."

The key point is that after he shorted the market, funds followed suit and shorted the market today.

Didn't you check the order book? That sell-off this afternoon wasn't caused by retail investors.

"You mean..."

"I said, he's created a huge hole in the sky. Nobody dared to short Huaxin Taifu before, but he did, and he made a profit. From now on, there won't be any stock in this market that you can't short."

The group looked at each other, but no one responded.

The middle-aged man packed up his notebook, stood up, and dusted off his pants. "I'm leaving."

"Not watching anymore?"

"I've seen enough. Go back and review the proceedings." He took two steps, then stopped. "Remember this day."

On October 3, 2008, a college student sold all the stocks that were considered the most untouchable in the Hong Kong stock market.

This story can be written into textbooks later, so you can tell your grandchildren—"I was there that day."

After saying that, he left without looking back.