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

The crowd gradually dispersed from room 608.

Some people were still calculating their accounts, some were already calling home to share the good news, and some were squatting in a corner, lost in thought.

Zhang Yixing shut down his computer and rubbed his eyes.

He glanced at Lu Chenzhou, who was leaning back in his chair with his eyes closed, seemingly thinking about something, or perhaps not thinking about anything at all.

"Sinking boat," Zhang Yixing called out.

Lu Chenzhou opened his eyes.

"What's the procedure for tomorrow?"

Lu Chenzhou thought for a moment and replied, "Tomorrow is the Double Ninth Festival, and the Hong Kong stock market will be closed. If you are asking about the next trading day, my answer is that it depends on the situation."

"It depends on the situation?"

"It depends."

The room fell silent for a moment.

Xia Yaozong changed the subject: "Have you seen the comments online?"

"I didn't see it."

Some say you're the king of bottom-fishing, others say you're the god of short selling.

Lu Chenzhou said calmly, "Let them say what they want."

Wen Zhiyu then said, "CITIC Securities hit the daily limit down today. Zhao Xianglong leveraged his position tenfold to go long on CITIC Securities and got liquidated."

I heard a bunch of classmates went to his house and blocked the door. I wonder what the situation is now.

The room fell silent for a moment as everyone's attention shifted from the profit figures on the screen to Wen Zhiyu.

Xia Yaozong frowned: "He got liquidated? He leveraged tenfold to chase CITIC Securities, what was his cost again?"

"24.80." Zhang Yixing's voice was calm, but everyone could hear the complexity in his tone.

"On September 26th, the day Brother Lu cleared out his positions, I went all in."

Someone gasped.

"With a cost basis of 24.80, what was the closing price of CITIC Securities today, given that it hit the daily limit down?"

Zhang Yixing typed a few times: "22.32, down 10.01%."

"With ten times leverage, a single limit down will wipe out your entire principal." Li Ming pushed up his glasses, his voice not loud, but every word pierced the ears of everyone present like nails.

"The lenders who provided him with the financing have definitely already forced him to liquidate his account."

A low murmur of discussion arose in the room.

"Serves him right." Wang Hao stood up from the corner, his eyes still red, but his voice carried an indescribable sense of satisfaction. "How did he mock Brother Lu at the salon back then?"

"You're an investment newbie who's never even traded with a live account." "If you're so bullish, why don't you buy it?"

And now? Brother Lu made 100 million, but he lost everything.

Zhang Yixing shook his head: "Don't say that. Although he has a sharp tongue, he really lost a lot in this round."

If you lose 20 million and it drops to a few million, and then you use 10 times leverage to chase the high and get liquidated, you'll probably lose all your principal.

"It's just bad luck to encounter Black Monday."

Xia Yaozong leaned back in his chair, his tone indifferent: "That's his own doing. Everyone saw Brother Lu clearing out the stock at 24.80, but he insisted on chasing after it. Whose fault is that?"

In the corner, a boy who had bet 500 yuan whispered, "I heard that he not only won himself, but also led a group of classmates to win together."

Those classmates invested in his Xianglong Investment, some investing several thousand, others tens of thousands, and it's all gone.

Someone chimed in, "No wonder people blocked his door. If I lost all my money, I'd block his door too."

Wen Zhiyu's gaze fell on Lu Chenzhou's profile. His expression remained unchanged, showing no schadenfreude, no sympathy, and no trace of having heard the news.

He just sat there quietly, like a mountain.

A bespectacled boy raised his hand, his voice hesitant: "Brother Lu, Zhao Xianglong has suffered a margin call, which may cause some of our investors to consider redeeming their investments."

After all, none of us have ever seen anything like this before. What if someone gets scared and tries to run away...?

He didn't finish speaking, but everyone understood what he meant.

Zhao Xianglong is a recognized "practical expert" on the Renmin University campus. He turned 100,000 into 20 million and enjoyed two years of glory.

As a result, on Black Monday, the 10x leverage was liquidated, and all the principal was wiped out.

Those students who invested in Xianglong Investment lost everything overnight, ranging from several thousand to tens of thousands of yuan.

Will Lu Chenzhou's investors panic if this news gets out?

Will some people think, "Zhao Xianglong has already made a killing, and although Lu Chenzhou has profited, what if he also... someday?"

Lu Chenzhou remained silent for a while.

All eyes in the room were on him.

He picked up his water glass, took a sip, and then said, "If someone wants to withdraw, they can withdraw. We won't charge the penalty for breach of contract, but everything else that's due must be collected in full."

Those who want a refund can register in advance. Some positions can be closed the day after tomorrow, and the money will be credited to their bank account the day after that.

The moment he finished speaking, the room erupted in chaos.

"Brother Lu, are you crazy? Our short positions are still making money; closing them means we'll miss out on profits!"

"And no penalty for breach of contract? It's clearly stated in black and white in the contract that early termination will result in a 20% deduction of profits. You're just going to waive it like that?"

"Isn't this just letting those cowards get away with it? They hesitated when they invested, and now that they've made money, they want to run away. Why should they be allowed to leave unscathed?"

"That's right, Brother Lu. Zhao Xianglong's margin call is his business, what does it have to do with us? Our short positions made more than 2700 million in two days, and our net assets are 1.16 million. Whoever wants to withdraw can withdraw, they'll be the ones who regret it."

Lu Chenzhou raised his hand, and the sounds in the room gradually subsided.

His voice wasn't loud, but every word was clear: "Zhao Xianglong's margin call isn't just his problem; the entire market is in a panic, and it's normal for investors to have concerns."

When they invested their money, they trusted me.

They want to back out now because they're afraid.

I can't forget why people invested in me in the first place just because I've made money.

Xia Yaozong opened his mouth as if to say something, but ultimately did not speak.

Zhang Yixing leaned back in his chair, stared at the ceiling for a while, and then said, "Okay, I'll do as you say."

Wen Zhiyu stood by the window without saying a word.

She looked at Lu Chenzhou's profile, a sentence unspoken in her heart:

"You are the kind of person who is always more forgiving of others than of yourself."

But she didn't say anything, because she knew it would be pointless.

In the hallway, the curly hair and low ponytail were still leaning against the wall.

They couldn't get into room 608, but sounds from inside could be heard through the open door.

"If someone wants to leave, then leave."

The curly-haired woman paused, stunned. "He's going to open up redemption? And not charge a penalty?"

She kept quiet, her hair in a low ponytail, and glanced down at the computer.

On Baidu Tieba, that post has already reached nearly a million replies.

The latest reply is no longer "Congratulations, Brother Lu, on surpassing 100 million," but a new message:

"Leverage Bro announced that redemptions are open and no penalty will be charged."

The comment section exploded within a minute of the message being posted.

"No penalty for breach of contract? Is he crazy? The contract states that early termination will result in a 20% deduction of profits!"

"That's real vision. They made a hundred million and don't care about that small penalty fee."

"It's not that I don't care, it's that I don't want to make money from panic. Think about it carefully."

"I realized that he truly treats investors' money as real money, not as bargaining chips."

"Zhao Xianglong's account was liquidated, and investors lost everything. Lu Chenzhou, on the other hand, opened redemptions and did not charge any penalty fees. It's the same bear market, the same Black Monday, but two different worlds."

"So it's clear who the real stock market guru is and who the gambler is."