Yang Jianguang didn't explain too much to Wu Zhongtian. He was about to take the college entrance examination and didn't have much time. Naturally, he wouldn't be dilly-dallying there.
If you want to make money in A-shares, the most important thing is to understand the trading rules of A-shares.
Before 1995, A-shares could be traded at t0 reversal, and there were no price limits.
In order to curb the market's excessive turnover rate and excessive speculation, starting from January 1, 1995, A-shares began to implement the t1 settlement system that has continued.
This means that in order to prevent some people from buying and selling frequently, the stocks you buy today can only be sold one day apart.
This is also a problem that many investors have repeatedly criticized, which to a certain extent discouraged investors from entering the market, resulting in the bear market in early 1995.
Moreover, Yang Jianguang also knows that next year, A-shares will implement a price limit system, and the rise and fall of stocks will be limited to about 10%.
This is where the so-called upper limit and lower limit came into being.
From then on, the A-share market not only had price limit restrictions, but also no longer allowed t0 reversal trading.
On the one hand, this helps to suppress the market turnover rate, but on the other hand, it also conceals the true supply and demand relationship of individual stock transactions. T1 under the price limit system is easier to be used by institutions or market makers to achieve the purpose of controlling the market.
At present, most stock markets in other countries and Hong Kong cities do not set price limits for individual stocks, but they all have market circuit breaker mechanisms.
Since the price limit system itself is also a type of circuit breaker mechanism, A-shares do not need to repeatedly set up another circuit breaker mechanism. This is also one of the reasons why the circuit breaker system was promptly abolished after four trading days during the stock market crash.
Perhaps after the A-share securities market matures, the A-share market is expected to abolish individual stock price limits and the T1 trading system.
So luckily it's 1995. Otherwise, even if Yang Jianguang roughly knows which stocks will shine this year, he probably wouldn't be able to make money so easily.
Soon, Yang Jianguang bought 10,000 shares.
Ten thousand lots of stocks is a lot. Take the Subei Pharmaceutical purchased by Yang Jianguang, for example, it only opened at 1.2 yuan per share.
And Yang Jianguang directly quoted 1.3 yuan per share. Ten thousand lots equals one million shares, which is 1.3 million. He is known as the brother of ten thousand hands.
No wonder Wu Zhongtian, the manager of the brokerage business department, was so frightened when he saw it.
In this era, there are not many people like Yang Jianguang who directly buy 10,000 lots of stocks, even if the stocks they buy are just some cheap junk stocks.
1 million was just thrown into worthless junk stocks. No one would dare to squander it like this.
After Yang Jianguang spent money, the share price of Subei Pharmaceutical instantly reached 1.3 yuan. Those buyers who held this junk stock saw this opportunity and quickly placed their orders and fled without thinking.
After so many days, I finally encountered a fool who bought Subei Pharmaceutical. Of course, they had to run away quickly.
However, Yang Jianguang invested 10,000 lots, and the stock price of Subei Pharmaceutical only stayed at around 1.3 yuan.
Other buyers did not follow Yang Jianguang to buy Subei Pharmaceutical and speculate on the price of Subei Pharmaceutical.
Therefore, even though Yang Jianguang finally received the shares of Subei Pharmaceuticals at a price of 1.3 yuan, the overall price still fell to about 1.25 yuan.
This situation made Wu Zhongtian very disappointed. After all, Yang Jianguang acted with such confidence, he really thought that Subei Pharmaceutical would rise sharply.
But now, the junk stock of Subei Pharmaceutical not only failed to rise, but Yang Jianguang spent 10,000 hands and even gave many people the opportunity to sell.
In other words, Yang Jianguang spent a high price and only bought back one yuan and 20 cents of stock.
Wu Zhongtian also looked at the situation of several other stocks one after another. The other two junk stocks were also in dismal conditions. Yang Jianguang's high price of buying 10,000 lots did not work at all, and even made many investors think that this was just a pump-and-dump operation by the banker.
So now, not only have the prices of these stocks not gone up, but they have fallen a lot, and this one is the worst.
It has fallen by 10% and the loss is as high as 200,000.
Even though Yang Jianguang holds 8 million yuan in capital and 16 million yuan in margin financing.
If you continue to pay like this, you will lose everything sooner or later.
Yang Jianguang looked calm, as if what he had just lost was not his money.
He stood up immediately. Wu Zhongtian thought he was hit and didn't want to play anymore.
I was just about to persuade the other party to buy some high-quality stocks he recommended, but unexpectedly, Yang Jianguang said directly.
Manager Wu, I have almost all the stocks I want to buy today, and the situation is better than I imagined.
I'll come back tomorrow and leave a number for me. If it's inconvenient for me to come, you can just place 10,000 lots of these three stocks for me to buy.
Wu Zhongtian was shocked.
Is this Yang always crazy?
He actually didn't take his hard-earned money seriously, and just threw nearly 4 million into it to buy a few junk stocks, and asked him to help buy them, and continued to buy them even though he knew he would lose money?
Does he think that Subei Pharmaceutical can turn around?
Or do you think you are lucky enough to be able to turn around Subei Pharmaceutical Salted Fish?
Or... he simply believed that he could save Subei Pharmaceutical from those people, so he made such an idiotic decision?
Regardless of the reason, for Yang Jianguang, doing this now is definitely gambling. If you lose, you will lose everything, but if you win, you will get rich.
This is just crazy.
"Mr. Yang, please think carefully, is it worth doing this?"
Wu Zhongtian still couldn't help but ask.
Yang Jianguang smiled and said: "Manager Wu, don't worry, since I dare to gamble with so much money, I must be fully confident."
Wu Zhongtian sighed.
He doesn't know what to do now.
Logically speaking, Yang Jianguang's approach is undoubtedly seeking death.
But looking at Yang Jianguang's determined face, he didn't know what to say. At this time, he just hoped that his vision could be more accurate and not wait until Yang Jianguang lost all his money before jumping into the pit.
The next day, Yang Jianguang came to the brokerage business department again, and his target was still the three stocks of Subei Pharmaceutical.
And Yang Jianguang still didn't hesitate at all. He just bought 10,000 lots of stocks, and he would receive as many stocks as outsiders sold.
Those who don't know better think that the three stocks he bought are not junk stocks, but some rare high-quality stocks.
Under this situation, Wu Zhongtian had no choice but to accept the result.
Over the past few days, Yang Jianguang has invested more than 10 million yuan in these stocks. This big boss who does not regard money as money has currently suffered a terrifying loss of more than 2 million yuan.
If it were other old investors, I am afraid that they would have lost everything by this time.
In other words, if Yang Jianguang only had this 10 million capital, he would have already lost money and was about to close his position.
It's a pity that at this time, Wu Zhongtian didn't persuade Yang Jianguang at all, and there was no need.
Yang Jianguang, who invested so much money, either has only one outcome, either makes money and leaves, or leaves after losing all his 8 million principal.
But is it possible to make money?
After four days of investment, more than 10 million yuan was invested.
Yang Jianguang's stocks have not shown any improvement at all.
For normal stocks, even junk stocks, if Yang Jinguang invests them in 10,000 lots at this time, I'm afraid they will grow a little bit longer.
Now, driven by Yang Jianguang, the trading volume of these stocks has increased, but the stock prices have not shown any upward trend. Subei Pharmaceutical has fallen to about 1 yuan, and several other stocks have also fallen by 20 points.
Wu Zhongtian is almost certain that Yang Jianguang has a really good vision.
These three stocks are not just junk stocks, they are also fighter jets among junk stocks.