Returning to his senior year of high school, he went all in and made billions by buying at the botto

Wednesday.

8:40 a.m.

The overseas market has already provided the answer.

The A50 continued to decline before the market opened.

Overnight, new short positions exceeded the total for Monday and Tuesday combined.

Several overseas platforms have pushed their margin utilization rates to the warning range.

The domestic securities lending data also showed anomalies.

Almost all of the core stocks that could be lent out were put into the sale account.

After reading the report, Zhao Qiang broke out in a cold sweat.

"They've committed everything they can."

"There should still be a small amount in reserve."

Chen Mo corrected him.

"However, the main bargaining chip has already been revealed."

"Should Group B be activated today?"

"Not enabled".

Zhao Qiang suddenly raised his head.

"Yesterday, the second-largest index retreated by 5.9%."

"If the price drops another 3.6% today, it will trigger the first batch of forced selling."

"I know."

Chen Mo looked at the short positions on the screen.

"They just put all the chips on the table."

"If they act now, they still have a chance to cut their losses and exit."

"Wait one more day."

Zhao Qiang's fingers slowly tightened.

one day.

For the market as it is normally, it is just one of countless trading days.

However, the fate of the Taichu II project could determine the fate of hundreds of billions of yuan.

Nine o'clock in the morning.

The A50 opened 3.8% lower.

9:15.

The opening auction for A-shares has begun.

The market, which had already fallen 5.46% yesterday, opened sharply lower again.

Among the key holdings of Taichu No. 2, twelve stocks are being suppressed near their daily limit down.

The Shanghai Composite Index is expected to open 3.1% lower.

9:25.

The custodian issued its first risk warning before the market closed.

Based on the bidding price, the overall pullback of Taichu No. 2 will reach 8.7%.

It's only 0.8 percentage points away from the 9.5% reduction threshold.

9:30.

The market opens.

The index offered no resistance and continued to decline.

3.4%.

3.8%.

4.1%.

Funds withdrawn on Tuesday continued to be sold.

Financing accounts, trend strategies, and quantitative programs are included.

The other party no longer needs to continuously dump shares.

Market inertia has already done most of the work for them.

9:42.

The overall pullback of Taichu-2 reached 9.21%.

The risk control system turned the yellow alert into red.

Three separate accounts simultaneously requested an emergency risk meeting.

"0.29% away from the reduction line."

The risk control manager's voice was noticeably strained during the report.

"At the current rate of decline, it can only hold for a maximum of five minutes."

Everyone in the trading room looked at Chen Mo.

Group B's funds, totaling over 47 billion yuan, have all been put online.

With just one sentence, both domestic and foreign accounts will immediately launch a counterattack.

Chen Mo did not give the order.

He was watching the new short positions in the A50.

The other party is still increasing leverage.

9:45.

Taichu 2 has retreated by 9.34%.

Nine forty-seven.

9.41%.

Sweat beaded on Zhao Qiang's forehead.

"Mr. Chen."

"If we don't act soon, Number Two will have to reduce his holdings."

Chen Mo rested his right hand on the table.

My fingertips tapped lightly twice as the market price fluctuated.

"Home office backup account".

"Take over at 9.45%."

"Only maintain the risk level, do not raise the index."

"clear."

Eight hundred million yuan has flowed into three heavyweight stocks and the CSI 300 ETF.

The buying pressure did not push the price up; the actual transactions only occurred at the bottom.

9:49.

Taichu 2 retraced and stopped at 9.44%.

It is only 0.06 percentage points away from the mandatory reduction line.

The other party quickly discovered the acceptance.

More sell orders came in.

The second tranche of 300 million yuan entered the market.

The pullback has stabilized again at 9.42%.

Throughout the morning, Chen Mo only allowed this account to use 1.2 billion yuan.

Regardless of how the index fluctuates, we only hold onto that last line.

The market did not rebound.

The Shanghai Composite Index has been struggling around a 4% decline.

Of the twelve stocks that were close to their daily limit down, only three managed to recover.

At the close of trading this morning, Taichu No. 2 had a combined pullback of 8.93%.

Zhao Qiang sat in the chair, his shirt back soaked with cold sweat.

"Almost."

No one responded.

Everyone knew that the afternoon was not over yet.

One o'clock in the afternoon.

The market reopened.

The other side did not give Tai Chu any breathing room.

The A50 index broke below its morning low first.

Several domestic bank stocks were sold off in a concentrated manner.

Taichu 2 retreated and is now approaching 9.3% again.

Chen Mo still did not activate Group B.

He used only the remaining reserve funds from the morning to keep the net asset value below 9.5%.

One forty.

9.38%.

2:07.

9.43%.

2:31.

9.46%.

Every time the numbers approached the risk threshold, the breathing in the trading room became heavier.

Zhao Qiang barely left the screen all day.

Since he took control of Taichu, he has experienced circuit breakers, thousands of stocks hitting their daily limit down, and subscriptions worth hundreds of billions of yuan.

Never before had the 3 PM closing time felt so far away to him.

2:50 p.m.

The market experienced its final round of concentrated selling.

The Shanghai Composite Index fell by 4.83%.

The overall pullback of Taichu-2 reached 9.48%.

The screen is filled with red risk warnings.

Only 0.02 percentage points remain before forced liquidation.

"Mr. Chen!"

Zhao Qiang almost stood up.

Chen Mo stared intently at the sell orders for the last ten minutes.

The scale of the sell-off by the other party is decreasing.

The short sellers still hold the advantage, but they have almost run out of chips they can immediately sell.

"Don't move."

Chen Mo lowered his voice.

"No more buying in the last ten minutes."

2:55.

The index continued to fluctuate at low levels.

Taichu 2 has retreated by 9.47%.

2:58.

9.46%.

In the last two minutes, several heavyweight stocks saw natural buy-back activity.

There is no large amount of capital.

However, some short-term short sellers chose to take profits before the market closed.

3 PM.

Market closes.

The Shanghai Composite Index ultimately fell 4.71%.

The A50 fell 5.3%.

The overall pullback of Taichu 2 stopped at 9.43%.

It is only 0.07 percentage points away from the reduction line.

The trading room was completely silent.

A few seconds later, Zhao Qiang seemed to have all his strength drained away and sat back down in his chair.

He raised his hand to wipe his forehead; his palm was covered in sweat.

Chen Mo remained standing in front of the screen.

His expression remained largely unchanged throughout.

He only breathed a sigh of relief after all accounts had completed the closing confirmation and the custodian confirmed that Taichu No. 2 had not triggered the reduction of positions.

For the past half hour, he had been observing the changes in the selling pressure.

The frequency of orders placed by the other party's main accounts is decreasing.

The supply of core stocks available for lending within the country is nearly exhausted.

The increase in short positions on the A50 also slowed significantly after 2:45 PM.

Near the close, some intraday short sellers began to close their positions, and institutional funds, as is customary, appeared at the bottom of several heavyweight stocks during the closing session.

All signs point to the same conclusion.

The opponent still holds the advantage, but it has become increasingly difficult for them to launch an unexpected attack in the final ten minutes.

More importantly, Chen Mo had set up a final safety net in advance.

Once the Taichu No. 2 pullback reaches 9.49%, the first tier of Group B, amounting to 3 billion yuan, will immediately enter the CSI 300 ETF and several of the most liquid heavyweight stocks.

This amount of money is not enough to turn the market around, but it is enough to buy a few minutes to keep the net asset value below the reduction line.

Ultimately, this insurance was not triggered.

The retreat of Taichu 2 stopped at 9.43%.

The other party also did not discover his extra funds.

This time, he won his gamble.

Chen Mo raised his hand and pressed it against his chest, trying to calm his still rapidly beating heart.

Then, he turned to look at the battle plan.

Group A's quota has been reduced to zero.

Group B's assets of over 47 billion yuan remain untouched.

Meanwhile, the opponent's overseas margin accounts, securities lending accounts, equity swaps, and main selling channels have all been exposed in the two consecutive days of attacks.

Zhao Qiang followed his gaze.

Only now did he understand why Chen Mo insisted on waiting until the market closed.

"Did they all really come in?"

"almost."

Chen Mo picked up a red pen and drew a line between the last four overseas accounts.

"Let's confirm the margin and liquidation position again tonight."

"Keep this a secret."

"No information will be released to the public before the market opens tomorrow."

Zhao Qiang asked, "What about Group B?"

Chen Mo looked at the untouched quota of over 47 billion yuan.

"All online."

"Tomorrow, we'll close the net."