In the financial crisis, many people avoided the first wave of plumting and even experienced brief wealth spikes.
But ultimately, those who once wielded power in the market often t ill-fated ends.
Examining the countless cases that make up the bloody history of the stock market, one will find that the collapse of many leveraged investors did not often occur during the first wave of decline but mostly during the subsequent sustained downturns in the oscillating market.
The cause of death was bottom fishing.
Experts often perish from bottom fishing, just like the finest sailors often die at sea.
Entering the market when stock valuations are relatively low is commonly known as bottom fishing.
In essence, it’s the simplest form of buying stocks, a basic operation that anyone with a stock account can perform.
However, the magic power of bottom fishing is far greater than shorting, especially when it’s leveraged bottom fishing.
When it falls, at worst, it can only fall to liquidation, commonly known as going from 100% to 0.
But when it rises, it can double and double again.
With leverage, it can reasonably increase tenfold or even a hundredfold.
As long as you max out the leverage and catch the true bottom, there’s a chance for tens of thousands of percent potential profit, enough to drive anyone mad.
...
With the steady decline of Source Star Shipbuilding, Yang Bingzhong was temporarily more at ease.
Yang Bingzhong asked Ren Zhong again about the whereabouts of a sum of money.
It was precisely the 10% dividend he had transferred to Ren Zhong, which was cleared from his account after divesting from Source Star Shipbuilding, totaling 114 million.
Ren Zhong didn’t hide from him, directly showing him a purchase order he had made.
This 114 million went entirely into a Third Level resource extraction company under Purple Crystal Mining.
The total market value of this company was nearly 200 billion, neither too big nor too small.
Curious, Yang Bingzhong asked, "What, do you think highly of this one? How much do you think it can rise?"
Ren Zhong laughed, "At most, it’s just 30-40%. I plan to hold it until around seven or eight in the morning before clearing the position."
Listening to his offhanded tone, Yang Bingzhong was stunned.
Only five or six hours to rise 30-40%!
Can this be called ’at most’?
This is what you call defying the heavens!
He was tempted.
Unfortunately, this stock’s scale is too small. Ren Zhong’s one billion-plus is already the limit.
With his financial scale, if he wanted to forcibly intervene, he could only turn from a player into a market maker, which would beco another gaplay, requiring competitors and leading to a life-and-death struggle.
Alternatively, he would need to exploit retail investors, which would require more off-market maneuvers, setup, and brewing, and buying out a few influential voices to sing along.
Yang Bingzhong sighed, "You’re still amazing, alright. I await your good news. But don’t get distracted by other stocks; even if you gain 40% there, it’s just a few tens of millions. The key is still here with Source Star Shipbuilding, you’ve got to keep an eye on it. Sigh."
"Don’t worry, Mr. Yang. Do you have sothing on your mind?"
"Nothing, nothing, just a trivial matter. You don’t need to worry about , go focus on the market."
"Okay."
Once again disconnecting the call, Ren Zhong opened his own account, grinning widely.
Yang Bingzhong didn’t know he could leverage.
This extraction company was, in his mory, the second Demon Stock of the night, with an expected increase of 15%.
Of course, due to the significant funds he had invested, it would definitely cause backlash from the market makers, and the final gain he could achieve should be at most 12%.
But at the sa ti, there was another position in Ren Zhong’s account with a scale of 114 million in the first Demon Stock, expected to rise 30%.
With one fund, he could leverage both Demon Stocks, one for layout and the other for profit.
A Citizen’s identity is truly too useful, making one addicted.
After tallying up his operations, Ren Zhong sighed again.
He wanted to know how Tang Shuying was doing now.
Although he hadn’t interacted much with Tang Shuying, perhaps not even considered friends, they were now in the sa boat, essentially comrades-in-arms.
He hoped Captain Tang wouldn’t suffer any tornt.
She had already endured enough in this life.
When Yang Bingzhong was gone, Ren Zhong also hoped Tang Shuying could beco his new ally.
...
In the dungeon, Tang Shuying lay on her side, curled up on the inner side of the bed.
From the neighboring dungeon ca the rumbling snores of teammates.
The strength of Source Star’s biological clock was terrifying.
Even though everyone still harbored nervousness, unsure if they would be alive tomorrow, as soon as the clock struck midnight, almost everyone would involuntarily fall into a deep sleep.
But Tang Shuying was an exception.
She lay awake.
There was no need for injected drugs, nor was there a need for any strong willpower, just the tumultuous thoughts in her mind, the interwoven emotions of complexity, making her remain extrely alert even with her eyes tightly shut.
Various scenes uncontrollably flashed before her "eyes" like a revolving lantern.
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