In the late stage of the bull market, the risks are greatest and the benefits are also the greatest. After many investors settled down, they saw that the stock market was still rising in volume, and couldn't help but rush in. After being trapped, they continued to cover their positions, and big profits turned into small profits, and profits turned into losses. , the loss turns into a trap!
It’s not that the Penghu stock market, where bears are long and bulls are short, has no chance of doubling, it’s because most investors are greedy and want to double after doubling.
Qiu Yunyan and Deng Hualin have experienced the roller coaster of the Shanghai stock market many times. They predicted the bull market in 1996 in advance, doubled their profits before exiting the market, and entered again at the beginning of the year. Although they fell sharply after the death of ***, they quickly reversed. , caught the express train of the bull market in 1997, and made a profit of nearly 70%. He had a premonition that the bull market was coming to an end, so he cashed out his principal and used the profits to gain greater profits. He had both risk awareness and enterprising spirit, even if the bear market was coming. , you can take profits at any time, you can advance and attack, and you can defend and defend!
Sun Jian also did this in his previous life. He didn't want to sell when he made 100% profit, he didn't want to sell when he made 50% profit, and he wouldn't sell when the profit was 30%. When only 20% of the profit was left, he took the money and rushed in, and finally got stuck!
"Vice President Zhang, tell me your opinion?" Executive Deputy General Manager Zhang Ming is mainly responsible for the company's self-operated business and is the immediate boss of Qiu Yunyan and Deng Hualin. Sun Jian decides how much to invest and Liao Jingwen executes it. Which stocks to buy?
How much to buy? Qiu Yunyan and Deng Hualin decided; should they sell or buy? When to sell and buy? Qiu Yunyan and Deng Hualin decided that Zhang Ming would be the final check!
Zhang Ming decided to keep the profits of the self-operated department and continue to make profits after listening to the suggestions of Qiu Yunyan and Deng Hualin. As one of the old people of htic, he experienced the sharp rise and fall of the Hong Kong stock market and stock index futures. He was the first to enter the domestic stock market, became familiar with listed companies, and witnessed Due to the sharp rise and fall of the Shanghai Peng stock market, the risk awareness is very strong. Without Zhang Ming's consent, the self-operated department cannot keep all the profits to gain greater profits.
For securities companies, the most important thing is to survive in the Shanghai stock market where bears are long and bulls are short. Most of the 33 securities companies established that year were on the verge of bankruptcy and were forced to acquire. In the end, the only securities company that did not change its name was Haitong Securities Company!
"Chairman, based on the volume released by the Penghu stock market last week, the Shanghai Stock Exchange Index will exceed 2,000 points, and the Penghu Index will exceed 9,000 points. The management also hopes that the domestic financial market will be stable, but there is still one and a half months left before the return of Hong Kong. Institutions took the opportunity to cash out, and the management did not want the stock market to rise too high before returning, so we cleared all positions before 1800 points!"
"Mr. Liao also agrees with their investment strategy?"
"Chairman, I agree too!" Liao Jingwen clearly felt that Chairman Sun did not agree with the self-operated department to continue to make profits.
"Manager Qiu, how many points does the self-operated department predict that the Hang Seng Index will rise?" Because
The overall situation of the peaceful return of "one country, two systems" has been determined, and the Hang Seng Index has escaped from the downturn, from 7600 at the end of 1994, to the breakthrough point at the end of 1995, to the point at the end of 1996, and now with the
The "return" is approaching. The breakthrough point was reached the day before yesterday. The daily transaction volume was more than 26 billion Hong Kong dollars. Buying orders were surging. The major sales offices in Hong Kong were also overcrowded. The enthusiasm of Hong Kong stockholders was high.
Well-known international institutions such as JP Morgan predict that based on the current upward trend, the Hang Seng Index may break through by the end of the year!
"Chairman, we predict that the price will rise to a certain point!" Everyone present could feel Chairman Sun's worried mood, but no one had any idea that the danger was about to come.
"Vice President Zhang predicts, can the Thai baht be stabilized?" In mid-March, Soros tentatively sold off part of the Thai baht. As expected, the sale responded to the market, forming a small-scale cascading effect. The Thai authorities could easily use foreign exchange reserves. Following the selling, the Thai baht's fluctuations stabilized.
In early April, Soros ordered a concentrated sale of the huge amount of Thai baht he had raised, and at the same time cooperated with the short selling of government bonds and futures, encouraging peers and hot money to participate in collective short selling, promoting panic in the market, and a collective run on the Thai baht in a short period of time. At the end of April, the Thai baht market The exchange rate fell from 1:26.18 to 1:27.
"Chairman, Thailand only has 30 billion U.S. dollars in reserves. Facing hundreds of billions of U.S. dollars in short-selling hot money, it will definitely not be stable! We will cash out our stocks regardless of cost when the market opens in the afternoon!" Zhang Ming had a flash of inspiration. Atic may have already Participated in the joint action of shorting the Thai baht led by international investment guru Soros, a financial crisis is brewing in Thailand. The domestic management must have predicted the consequences, and it is very likely to nip the crisis of the Shanghai Peng stock market in the bud.
Liao Jingwen, Qiu Yunyan and Deng Hualin were stunned. -------Junan Securities Sales Department.
"Mr. Zhang, Pengcheng Securities sold blue chip stocks such as Chuan Changhong and Peng Development as soon as the market opened in the afternoon, regardless of cost, which disrupted our plan. What should we do?" On May 14, Penghu Stock Market opened in the afternoon. Chuan Changhong, which had risen by 0.23 yuan in the morning, was sold green by a large order of 5.4 million shares, and Peng Development was also sold down by 0.3 yuan by a large order of more than 3.5 million shares, regardless of cost!
Guo Xiaoming, manager of the proprietary department of Junan Securities Company, had a premonition that something was wrong. He immediately found out based on the institution code of the selling order and immediately called General Manager Zhang Guoqing.
The self-operated institution codes of major domestic securities companies are registered on the Penghu Exchange and are known to each other. There is no secret unless another account is opened.
The Securities and Exchange Commission strictly prohibits units from opening accounts in individual names to buy and sell stocks, but institutions go their own way, and management sometimes turns a blind eye. Otherwise, how could Zhuanggu become so popular?
Junan Securities Company has teamed up with the Securities Department of Peng Development Bank and the Securities Department of Industrial and Commercial Bank of China Shanghai Branch to invest in Chuan Changhong and Peng Development. Today, Junan Securities Company still holds more than 66 million shares of Chuan Changhong and more than 2,700 shares in multiple stock accounts. The cost price of Wangu Peng Development and Chuan Changhong was 37 yuan, closing at 59.88 yuan yesterday; the cost price of Peng Development was 24 yuan, closing at 50.17 yuan yesterday. In the morning, more than 14 million shares of Sichuan Changhong and more than 7 million shares of Peng were sold at high prices. Development, they already know that the management will introduce strict control measures in the near future. They have been pumping and selling during this period and plan to clear out tomorrow.
"Pengcheng Securities Company must have known about some high-level decisions at noon, and we took profits regardless of the cost. We also pulled them out as we went, and then pulled them back at the end of the market to facilitate shipments tomorrow!" Zhang Guoqing had a premonition that the company was in trouble. Taobao Holdings, whose shares were immobile, also took the opportunity to cash out more than 56 million shares and more than 100 million shares of Peng Development, disrupting everyone's plan to become a banker, otherwise they would have taken profits long ago.
"Okay, Mr. Zhang!" The news of Pengcheng Securities Company's liquidation immediately spread to large and small securities companies. Institutions and large investors also knew about it, and they joined the team of selling down. Chuan Changhong and Peng developed like kites with broken strings. Free fall, finally, Chuan Changhong closed at 56.25 yuan, a plunge of 6.46%, and Peng Development closed at 46.78 yuan, a plunge of 7.25%. Affected by the plunge of index stocks, the Shanghai Stock Exchange Index plunged 93 points, and the Pengcheng Index plunged 467 points.
Liao Jingwen, Zhang Ming, Qiu Yunyan and Deng Hualin saw on the computer that the beloved Chuan Changhong and Peng Chengfeng were ruthlessly abandoned, which was incredible.
