HPDBC Chapter 235: Some people are really awful.
Chapter 235: Some people are really awful.
The next day, May 23, thanks to the aggressive actions of Huang Xiaochuan and his group the previous day, which successfully brought the market to a halt, the Shanghai Composite Index traded sideways throughout the day, with almost no gains, but it didn't fall much either.
The Shanghai Stock Exchange will be closed on Sunday, May 24.
That day, newspapers and television were filled with stock market commentary, a whole bunch of stock market technical terms, leaving investors completely confused. The commentators even shamelessly claimed on television that this was just a temporary adjustment, and cited a lot of data to prove their judgment.
Stock market investors all felt that time was passing too slowly, and they wished that Monday would come soon so that the market could open and the price would surge.
Unfortunately, things didn't go as planned.
Monday, June 25th.
The Shanghai Stock Exchange opened amid great anticipation, but the market did not recover as quickly as analysts predicted, nor did it experience the expected surge that investors had anticipated.
After all, Huang Xiaochuan and his group had caused a stir on the 22nd, leaving the major investors who bought in temporarily unable to support the market and still digesting the shares they had acquired. Some retail investors who had sold quickly, even earlier than Huang Xiaochuan and his group, saw the stock price still rising and impulsively bought back in at the high price. They might as well have stayed!
The market fluctuated throughout the day, with the overall trend trending downwards.
Tuesday, November 26.
The market continued its downward trend, with a few individual stocks holding firm while the rest were falling, causing some investors to become impatient.
November 27th, Wednesday.
The market began to stabilize, and individual stocks started to rise slowly again.
On May 29, the Shanghai Composite Index reached 1420 points, prompting cheers from investors.
Although the people in group 222 have already sold off their shares, they are still closely monitoring the stock market because they still have a lot of subscription warrants in hand.
However, Huang Xiaochuan discovered that since they had money, everyone in 222 had their own ideas.
Wu Duo and Zhang Gaolei's desire to go abroad wasn't a sudden one; they had had this idea for a long time. At that time, many people in China shared this sentiment, wanting to go abroad and see the world. Wu Duo and Zhang Gaolei were just two of them.
The reasons why most people fail to achieve their wishes are varied, but most are economic. However, Wu Duo's reason is that his family does not support his going abroad. He was not financially independent before, so he had to temporarily give up his plan to go abroad. He originally planned to study for a master's degree abroad after graduating from university, but now his plans have changed. The money he made from the stock market is enough for him to study abroad at his own expense.
Zhang Gaolei had this idea before, but his financial situation didn't allow it, so he could only dream about it. Now that he has money, the biggest obstacle to going abroad is gone, and his dream of seeing a bigger world can come true.
Because the two shared a common goal and topic, they discussed going abroad together every day.
Of the other three, Huang Xiaochuan had no such idea at all. With the country's development getting better and better in the next few decades, there would be plenty of opportunities in China, so he was unwilling to go abroad. He was fine with going out to play and see the world, but he definitely wouldn't go abroad to study and settle down.
Ding Yi had no intention of going abroad. Like Huang Xiaochuan, he was willing to travel, but not to study abroad. He would only study until he graduated from university. After graduation, he, Ding the Crocodile, would dominate the Chinese financial world and become a prominent figure in it.
Chen Zhe, on the other hand, wanted to study more. Now that he had money, this goal shouldn't be a problem for him. He didn't need to worry about putting too much financial pressure on his parents by pursuing graduate studies. However, he was now struggling with how to tell his family about it. Should he tell them the truth? He was afraid of scaring them, but if he didn't tell them, how would he give them the money? Chen Zhe was quite troubled.
Huang Xiaochuan has already considered withdrawing from the stock market. The third of next month is the day of the second lottery, and this lottery is unprecedented, crude and simple, directly drawing odd and even numbers. Theoretically, the winning rate is 50%, but in reality it is more than that because there are more stocks participating in the second lottery.
The third and fourth lotteries restored the nominal number to 10, and through these two lotteries, all the stocks planned to be listed this year were issued.
Huang Xiaochuan couldn't recall the details of what happened next, but he remembered that on June 12th, after the second lottery, the Shanghai Stock Exchange announced that the stock transaction stamp tax rate would be raised to 0.3%. The market didn't react much that day, but after a month of consolidation, the Shanghai Composite Index fell from over 1100 points to over 300 points.
Panic gripped the market. Investors, encountering this situation for the first time, were at a loss. In an effort to cut their losses, coupled with the absurd pronouncements of unscrupulous stock commentators, investors panicked and sold off their shares.
The large screen on the wall of the securities company lobby was a grim green, as investors cried and scrambled to the trading counters to sell their stocks, fearing that even a minute's delay would result in greater losses.
Therefore, Huang Xiaochuan does not plan to buy the stocks he won in the second lottery. He plans to take advantage of the opportunity after the second lottery when the subscription certificates rise to 5,000 yuan, and sell all the subscription certificates he has at a price lower than the market price. He will take the profits and run. To be honest, if he could not predict the trend, stock speculation? Stocks would be speculating on him!
Even if he leaves, he plans to take the rest of 222 with him. They've made enough money, and they've almost finished eating all the meat. They should leave some soup for others, right?
Moreover, he wasn't worried about not being able to sell them; he sold them in batches of one thousand each, and there were many wealthy people like Chang Zhihong waiting to take them over, so he wasn't worried about not being able to sell them.
My uncle won 950,000 yuan from the 1,000 subscription certificates he bought. If he sells those 1,000 subscription certificates after the second lottery, he can get about 4.5 million yuan. Adding the 950,000 yuan profit from the stocks, my uncle's initial investment of 30,000 yuan in subscription certificates has earned him more than 5 million yuan. It's an absolute windfall!
However, there was something else that made Huang Xiaochuan really want to beat that bastard Ding Gungun to a pulp: the aftereffects of his antics that day were starting to hit him.
He didn't even consider that if he invited so many people to a restaurant for a lavish meal, someone would definitely brag about it. After Hao Zhi found out, he roughly guessed that the guys in class 222 had made money outside. His jealousy burned fiercely, and after asking around with a few male classmates and understanding the specifics, he immediately reported it to the school.
The report accused Ding Yi of extravagance, indulging in lavish meals and drinking with his classmates, having an ambiguous relationship with an older woman, and having an immoral private life.
After learning about the situation, the school sent an officer from the Academic Affairs Office to investigate, accompanied by Dai Xiaoguang.
Most of Hao Zhidu's original report was true, except for the part about his ambiguous relationship with some old woman and his alleged immoral private life, which was nonsense. He was indeed extravagant and wasteful. Moreover, almost the entire class was there that day, so you could get a general idea of what happened by asking a few people.
Fortunately, apart from a few people in class 222, no one knew exactly how much money was spent that night. Dai Xiaoguang accompanied Jia, the officer in charge of the academic affairs office, to find out the details from the other students. However, after finding out, Dai Xiaoguang discovered that some people in Economics Class 1 were really scoundrels.
They ate and drank, but didn't say a single good word about Ding Yi. When they saw that the school had sent people to investigate the situation, they even took advantage of the situation and gloated.
However, the girls were more righteous than the boys, insisting that someone was talking nonsense. They were there too, so how come they didn't see anything wrong with Ding Yi's private life?
Restaurant owners naturally want to treat every customer with great hospitality, especially since the dishes are so expensive!
When they found Huang Xiaochuan to understand the situation, he simply said, "What business is it of anyone else's if I spend my own money? Do I have to report to the school to spend my own money?"
These words left Officer Jia speechless.
After understanding the situation, Officer Jia reported it truthfully to his superiors. The final result was that the school and the department issued an announcement advocating that college students in the new era should be diligent and thrifty and not extravagant and wasteful. As for criticism or punishment, it was not mentioned at all, and they were not even asked to write a self-criticism.
This really frustrated Hao Zhidu and others like him. After all that trouble, all they got was a simple announcement?