Chapter 1120: The Crash Begins(1/2)
August 9, 1939.
Meng Shaoyuan took a deep drag on the cigarette and then put out the cigarette butt in the ashtray:
"let's start."
let's start!
As the bell rang, the Shanghai stock market opened on August 9.
In the wildly rising stock market, without any market supervision restrictions, various stock issuers are issuing additional stocks as they please.
Meiya Textiles issued an additional 4 million shares on the 8th, and once the market opened on the 9th, it issued an additional 3.5 million shares.
Defeng Stock successively issued two million additional shares after the market opened on the 9th.
Fenghui is no exception, putting 3 million shares on the market on the 9th.
All stocks were snapped up as soon as they appeared.
As a result, there has been a hot situation of continuous price increases for acquisitions.
There were even scenes where some people even fought to buy a share.
Meng Shaoyuan really didn't know what to say.
He is the big banker behind the scenes.
It's completely different from my own era. Big bookmakers don't even need to spend real money. They can just quietly print out stocks one by one, and then bid at any price according to the current trading price, and they can be snapped up.
As a trader, only one stock exchange is enough.
As a result, the originally publicly announced issuance of only 10 million shares quickly changed to secretly increasing it to 15 million, 20 million...
No one will care about you.
Regulatory Authority?
Apart from various brokerage and promotion companies that continue to carry out large-scale misleading propaganda, where is the regulatory agency?
This is a seriously abnormal and deformed market.
Ever since the rubber stock market crash 29 years ago, the ills of China's stock market have never improved.
In fact, it is not that no one knows that this is abnormal, there are also people who are issuing more and more stocks on the market, far exceeding the number previously announced.
But everyone has a sense of luck:
Beat the drum and spread the flowers, everyone hopes that he will not be the last one.
Everyone thinks that the other is a fool and that he is the smartest one.
At 10 a.m., Fenghui stock was quickly pushed to 180 points!
Breaking 200 is just around the corner!
The stock market has gone crazy.
"Quickly clear all your stocks!"
Meng Shaoyuan issued his order, and then he said coldly:
"Prepare to retreat!"
It's almost reaching its peak.
The peak of madness is the beginning of collapse!
…
"its not right."
Qiu Shan, who had experienced the rubber stock market crash, suddenly frowned.
"What's wrong? It's 180. I will definitely break 200 today!"
His friend Li Fuzhi said extremely excitedly.
"No, it's definitely not right."
Qiu Shan frowned: "I roughly estimated that the number of stock transactions on the market has seriously exceeded the initial issuance and subsequent additional issuances, and the price has risen too fiercely."
"Is there a problem with the sharp price increase?" Li Fuzhi disagreed: "Brother Qiu Shan, are you worrying too much?"
"Listen to me, listen to me carefully." Qiu Shan looked solemn: "Look, everyone is crazy, exactly the same as they were twenty-nine years ago. You see those people holding checkbooks in their hands
No one?"
"I saw a lot, what's wrong?"
"I will never forget the rubber stock in my life." Qiu Shan's tone became more solemn: "In those days, I bought it for 30 taels of silver per share. After buying it, the stock rose every day, reaching a maximum of more than 90 per share.
2. Many foreigners know that I own stocks. They come to the door with their check books and sign immediately as long as I am willing to sell."
His speaking speed became faster and faster: "Everyone knows that I was one of the few people who successfully escaped from the rubber stock market crash, but no one knows how I did it. At the price of 90 taels,
I sold a lot of money and recovered a huge amount of cash. But when I saw that the rubber stock had risen to 96 taels of silver, I couldn't help it and used funds to enter the market again..."
Then, the stock market crashed.
It was too late for Qiu Shan to pull away.
"It's not that I'm that great, but the stock market collapsed before I could continue to buy more rubber stocks. This turned out to be the luckiest thing for me."
Qiu Shan pointed at the exchange: "Now, it's exactly the same as that time. Brother Fu, sell it. Hurry up and sell all the stocks in your hands when the price is high. Don't leave any shares!"
"this……"
Li Fuzhi was a little reluctant to give up.
185!
Just as I was talking, the price went up again.
"Throw it."
Qiu Shan almost begged: "If you don't throw it away, it will be too late! Since you invited me out, please believe my words."
"throw!"
No matter how reluctant he was to part with it, Li Fuzhi still gritted his teeth:
"Throw it all away!"
…
190!
Fenghui stock soared to 190!
In less than half a day, it increased by 40 yuan!
"Everything has been cleared." Liu Baochun said hurriedly: "I just contacted other exchanges. Yong'an Cotton Mill has also reached 190, Xinya Pharmaceutical has 171, Defeng is the most aggressive, it has risen to 196, and the black market price has reached a maximum of 271!
It’s higher than our black market price, it’s crazy, everyone is crazy.”
"Crazy, all crazy."
Meng Shaoyuan closed the curtains: "Xinya Pharmaceutical was only a few thousand dollars in size, but now it has transformed into a leading domestic company in terms of capital. However, the collapse is about to begin."
He put away his cigarettes and lighter: "It's time to go."
…
198!
When the closing bell rang at noon, Fenghui stock finally stayed at a high of 198.
Although we did not successfully break through 200 points in the morning, everyone was satisfied.
Especially Zhang Yubao.
The five million loan sharks were all invested in the stock market!
This time, I really made a fortune.
Zhang Xiaolin praised him repeatedly on the phone.
Some terrible thoughts flashed through Zhang Yubao's mind. As the stock continued to rise, the average buying price became higher and higher.
just in case……
No, nothing happens.
The future of the stock market is so good, it will continue to rise, it will definitely continue to rise!
…
"how's it going."
Qiu Shan asked hurriedly when he saw the person he sent out to inquire about the news.
"The situation on each exchange is similar, but I heard that starting at 10 o'clock, some people began to sell stocks in batches in large quantities, and all of them were sold out."
"It's about to begin."
To be continued...