211: A disgrace to Wall Street, the darkest moment for the Morgan family!

CITIC Securities is definitely the dragon head of the brokerage sector right now.

Everyone's eyes are fixed on this stock.

It is the only one with even a glimmer of support.

Why do I say it has support?

Since the brokerage sector began to rise, this stock has been the most proactive and has shown the best gains.

Furthermore, there is the performance factor; as the premier dragon head in the country, CITIC Securities is the leader in every aspect, and its top status is unquestionable.

Finally, there is another factor: Wang Lin has appeared on the dragon and tiger list for this stock.

If even CITIC Securities cannot hold up, then we might as well wash up and go to sleep today.

The vast majority of Stock Investors almost no one believes that Brother Lin would go to Dump Stock on brokerage stocks at a time like this.

In everyone's inherent impression, Wang Lin is the epitome of someone who holds firm and never lets go—the kind of big shot who doesn't sell until the very end!!

And in this darkest moment today, they can only hope that Brother Lin can stand up and pull the market back.

He has done this kind of thing before!!

The Limit Down to Limit Up Reversal that day is something every Stock Investor remembers vividly!

This time, I wonder if a miracle can be created again.

However, what they do not know is that the person who created the miracle last time is currently destroying their miracle this time.

And the ones trying to complete the reversal, pulling from limit down to limit up, this time, are foreign capital!!

300 million in funds are frantically being dumped onto CITIC Securities.

They are sworn to press CITIC to limit down.

At the same time, many defensive orders have appeared on the market, but the largest one is no more than 10 million, and there are many in the millions, not to mention the countless tens of thousands.

Yet even so, it is completely unable to stop CITIC Securities' desire to fall.

The more it dumps, the more capital is scared out of its wits, thereby following suit to Dump Stock.

"Holy crap, the bulls and bears are going at it!!"

"CITIC Securities is going to create a turnover record today; this turnover rate makes my heart jump!"

"Sure enough, when becoming a dragon, one must always experience wind and rain. I don't know if Brother Lin has left today. If he has left, then I will definitely Dump Stock tomorrow!!"

"Lol, you're still thinking about your Brother Lin even now? If he were really still here today, he wouldn't let these bears run rampant here!"

"I sold. With a profit retracement from over 200,000 to 130,000, damn it, it hurts to death!!"

"The further down it goes, the greater the power of the bulls. It seems this is the bottom!!"

"I don't believe it. Look, another 100 million in chips have been thrown out. Holy crap, I even saw a 9696 order sell. Is that Brother Lin?"

"I don't know, but I don't dare to bet. I sold too!!"

"What are those who haven't sold today waiting for? Do you all want to see a breakout? Isn't the main force just taking this opportunity today to clear out all the chips in their hands?!"

Now, CITIC Securities has already fallen to -9%, just one step away from limit down.

Morgan Ored has already deployed most of the funds in his hands, but he still cannot save it.

His head is buzzing right now: "Where did the bears get so many chips? Can't this be bought out? And those Retail Investors, can't they see that there is a big shot picking up chips at the bottom? The upside is wide open; as long as it rushes up, everyone can eat meat!!"

Ored admits that he slightly underestimated this place.

It's a bit eerie!!

This sure-win trend was actually smashed down by the bears.

What were they thinking?

1:21 PM.

After 20 minutes of tug-of-war between the bulls and bears, it was finally sealed at limit down following a sell-off of over 40 million.

At the same time, other brokerage stocks also followed and fell to limit down.

The brokerage ETF is even more so.

The brokerage sector was as handsome as it was yesterday, and it is as disheveled as it is today!!

A super huge, ultimate bearish candle with an amplitude of up to 20% is placed before everyone's eyes.

And it was smashed down by heavy volume after breaking through to a new high.

Whether from a technical, chip, news, or various other perspectives.

This is just too cruel to the bulls.

One can imagine how many funds will scramble to escape tomorrow if it completely seals the limit down today.

Especially Retail Investors, they are extremely easily swayed by emotions.

As long as the bears publish a few articles tonight, and there's a gap down tomorrow, those funds will definitely all cut their losses.

It doesn't matter if they cut their losses, but the key point is that he has no way to pull the market again.

Before coming to trade in the A-share market, Ored was worried that he wouldn't be able to get cheap chips.

But now, damn it, are they trying to sell the company to him?

Morgan Ored has only one worry now, and that is that he has no money left!!

Because of the A-share market's restrictions on foreign capital, coupled with his excessive self-confidence, he ended up dumping all his available funds into it at once.

This has made him very passive now.

With this trend in brokerage stocks, even he is powerless.

"Fuck! A great humiliation, simply a great humiliation!!"

If Ored could have been slightly more cautious and kept half of the funds in his hands, he could have held on until the dawn arrived.

Or if his opponent was not Wang Lin, but other domestic Institutions.

Then he would not have suffered such crazy targeting.

Perhaps both sides could even have communicated with secret codes on the market and finally raised it together to harvest the leeks.

But now, he really has no other way.

After CITIC Securities sealed the limit down, he knew the other side had too many ways to kill him.

A break in liquidity—this is his biggest weakness right now.

But what can be done now?

The cigar in Ored's hand is no longer fragrant; he looks out the window with a frown.

Damn it, to stumble so badly on the first time coming to trade in the A-share market?

This is definitely a great humiliation for Wall Street, and it is the darkest moment for his Morgan Family!!

Must turn defeat into victory!!

Cannot let this matter affect his status in the family.

Families like theirs have many direct descendants, and there are not a few competing factions.

Originally thought this was a gold-plating job, after all, the National Team of the A-share market never gets any benefits whenever they come to operate in the US Stock Market.

Who knew that this time, when it came to their side, they were beaten into confusion before they could even use any means.

"Sell everything that can be sold today, and get me as much liquidity as possible!!"

Ored squeezed a few words out through gritted teeth.

The Traders were all trembling with fear, but they had to work quickly.

Today, the boss is in a very bad mood; whoever touches his bad luck now will probably disappear tomorrow.

With Junlin Finance and the Morgan Family's A-share branch aligning their fronts.

Both became bears at this moment.

brokerage stocks also completely declared the failure of the rise.

And on the limit down board, countless sell orders suddenly appeared.

"Is this market too disgusting today?! limit up in the morning, limit down in the afternoon?"

"Really speechless. Those who bought the limit up yesterday still had a chance to get out, or lose a little, but those who bought the limit up today ate a limit down from limit up in one day!!"

"I want to see who is selling today, it's too disgusting!!"

"I actually think it's very normal to sell today. If you look at how much the brokerage stocks have risen from the bottom, and then look at the gains of the past two days, both of which were limit ups, you can actually understand this as acceleration!!"

"Avalanche. brokerage stocks rising can drive the overall market index to rise, and when it collapses, it's the same. Most people are in a rhythm of collapse today!!"

"Yeah, I bought a real estate stock, and I lost 3 points today. It's disgusting!"

"But fortunately, the overall market index did not fall below the 5-day moving average today. Although the brokerage sector fell below the 5-day moving average, there is still support at the 10-day moving average!!"

"Support my ass. Look at the trapped funds above; who is going to liberate them?"

Apart from Retail Investors.

Most of the Hot Money and Institutions also suffered heavy losses today.

Some timid Hot Money who run at the sight of profit, on the contrary, did not lose as much today.

The ones who lost the most were those big shots with a grand strategy!!

Alliance Leader Zhang: "Really disgusting. This can also make me lose money. Fortunately, when it fell below the water, I cut all my active positions, otherwise, I would probably be losing my mind now!!"

Old Brother Zhao: "Bought 10 million at +7%, cut 20 million at -2%. What was I playing today?!"

Stock Trading for a Living: "Nothing wrong with that. Buying at 7 points is betting on the limit up and tomorrow's premium. Cutting at 2 points below water is seeing the decline of the stock. Unity of knowledge and action, very principled!!"

Xu Xiang: "Damn it, these brokerage stocks are really weird lately. Even I lost a lot of money today!!"

Foshan Shadowless Kick: "Fortunately, fortunately. I didn't lose money today. I shipped a lot when it was at the limit up. I originally wanted to buy the bottom at the limit down, but now that it's sealed so tightly, I'll wait until tomorrow's low opening to talk about it!"

Little Crocodile: "Lost my mind. Didn't sell at the limit up, didn't get out at the limit down. Played for nothing these two days. But as long as Brother Lin doesn't leave, I won't leave!! At most, I'll do some T!"

So much Hot Money.

90% of people lost money today.

Only lecherous guys like the Old Man of Foshan can make money.

Institutions are the same.

Many Institutions also lost money today.

Because of what?!

The rumors they received were actually bullish for Brokerage Firms.

This 'shovel seller' in the bull market had been adjusting for so long, and now it broke through to a new high with the strong momentum of two consecutive limit ups.

No matter how you calculate it, it shouldn't fall!!

But reality is so magical; brokerage stocks fell, and they fell thoroughly, falling like a limit down from limit up.

It's terrifying to the point of making one's heart jump.

According to incomplete statistics, I'm afraid that nearly 300 billion in funds are trapped here today.

The short-term active money is almost all trapped to death.

The current market is a pool of stagnant water.

It just continued like this until the end.

...

Financial Big Vs after the market naturally have to make some comments on today's market.

And such a market is also very characteristic, extremely easy to comment on.

Like conspiracy theories, for example, the Shanghai-Hong Kong Stock Connect is about to be terminated, or good news being used to Dump Stocks, etc.

There is also the theory of chips; some say this rally was actually caused by early profit-takers offloading, but they dumped too hard, triggering a chain reaction.

In short, all kinds of theories appeared.

Everyone was huddled on this wave of "limit down from limit up" in the brokerage sector, crazily bloodsucking and creating buzz.

On the post-market dragon and tiger list, Brother Junlin, whom everyone hoped to see, still did not appear.

The CITIC Securities Zheng County Huaihai Road branch seemed to have evaporated; there was simply no movement.

Someone asked on the Stock Picking Bar, but it was like a stone sinking into the sea; no one responded.

Some even went to the Social Media Platform and found the account of 'Wang Lin'. That is, the one belonging to Brother Junlin.

Anyone with a discerning eye could see this was a fake Wang Lin, but those Retail Investors, frantic and muddled, had already lost their minds from the losses.

They actually went to ask: "Brother Junlin, you haven't sold out today; is there any good news? Or is this currently a Shakeout?"

Seeing the comment section exploding today, that fake Brother Junlin was completely stunned.

He was even afraid that the real Brother Junlin would come to find trouble with him.

But he thought, as long as he didn't tarnish Brother Junlin's reputation, he probably wouldn't come to cause trouble, right?

He didn't sell courses, collect money, or mislead anyone. He was just purely expressing his own opinions.

Social Media Platform [Brother Junlin]: Regarding today's stock market, I definitely see a correction in the short term, but I remain bullish in the long term. The opening of the Shanghai-Hong Kong Stock Connect will definitely benefit brokerage stocks.

This one sentence deeply encouraged many Retail Investors, but they also knew that tomorrow, they seemed destined to endure even greater losses.

"Wow! Brother Junlin actually replied to us!!"

"I'm not afraid; I can definitely handle a short-term correction."

"Bullish in the long term; Brother Junlin truly practices what he preaches. I still didn't see him on the dragon and tiger list today; it was all Institutions buying and selling. A bunch of guys without vision!!"

"If it drops tomorrow, I'll continue to increase my position. I'm going all in on brokerage stocks!!"

"Is there a possibility that after Brother Junlin posted this on the Social Media Platform, capital will come in to bottom-fish tomorrow?"

"Laughing to death; Brother Junlin is worth tens of billions; would he come to play on the Social Media Platform? This is obviously fake at first glance!!"

Wang Lin sat in his office, looking at this Social Media Platform post, and commented with a smile: "I think this Brother Junlin is definitely real, or at least, realer than me!!"

His Social Media Platform ID was Brother Junlin Jr.

This name of his naturally sparked a conversation among a few people.

Some busybodies even clicked on his Social Media Platform profile and saw the journey of driving the 318 National Highway, along with the ID tag indicating he was in Yu Province.

"Oh my, you've put together quite an elaborate act!!"

Wang Lin laughed heartily, chatted and bantered with them for a while, and even intentionally revealed the future trends of some sectors.

If those people took it to heart, or if they managed to analyze his identity in the future through these clues, that would be their own fortune.

Over at CITIC Securities, some Institutions that had lost their minds from desperation truly began seeking all kinds of help.

One of them went through various connections to check if the funds in Wang Lin's trading seat had run off.

It had been so long; if Wang Lin were withdrawing a little bit of capital every day, controlling it so it wouldn't appear on the dragon and tiger list, that was entirely possible.

But the final answer they always got was: "He hasn't left the market; Brother Junlin hasn't moved a single share!!"

The person saying this was naturally the General Manager, Sun Jianguo.

Before replying, he had specifically asked Wang Lin, and only said it after receiving his nod.

As for the inquiries from the big shots at headquarters, or betraying Wang Lin, Sun Jianguo was not stupid at this time.

He understood who he should follow to live better.

Didn't everyone see that because of his niece, he was living so comfortably in Zheng City now?

All the tasks and KPI targets in the company were just a matter of a single word for him.

Even when dealing with headquarters, having the connection with Junlin Finance meant he could walk around with his head held high.

Nothing else, he just had strong connections. In the future, he might even become his niece's husband!!

Facing Wang Lin now, Sun Jianguo truly upheld the belief that this was a big shot in the family; he had to support him in everything and must not hold his niece back.

Upon hearing this reply, the Institutions inquiring for information felt somewhat settled.

Since Brother Junlin's trading seat, which was out in the open, hadn't left, it meant there was a high probability that brokerage stocks still had potential.

The reason he said "high probability" was because no one knew what Wang Lin was actually thinking.

What if he didn't want this trading seat he had built for so long, and was just using it to fish, thereby dumping all the chips from other Institutions' seats?

If that were really the case, then they would just have to accept their fate.

As for this wave of volatility in brokerage stocks, they had basically figured out by now which two groups were clashing.

foreign capital!! As for which path of foreign capital it was, they had also found out: JPMorgan Chase!!

Don't think that domestic Institutions' information channels weren't effective; they were just bad at technicals, but they had ways when it came to other aspects.

E Fund Management: "This wave, could it be that Brother Junlin is burying foreign capital? But damn it, if you're going to bury them, at least tell the friendly forces! Give us a signal or something! Now all the brothers are suffering too!!"

Bank of China: "Forget it. I don't think I can beat this kid, Brother Junlin. If it's really as you guessed, he's too ruthless to himself. He's giving up a great main upward wave just to crush the foreign capital. What do you call this? 'How can one allow others to snore beside one's own bed!'"

Huaxia Fund: "Then what about us? Why doesn't he crush us?"

Tianhong Fund: "Is there a possibility that you simply don't threaten him at all?! Haha!!"

China Universal Asset Management: "But to be fair, this foreign capital is no good either. It shattered at the slightest touch from this kid, Wang Lin?"

These domestic Institutions, especially the big ones at the very top, mostly had various connections.

Regarding whether there would be any good news for brokerage stocks in the future, they were actually very clear in their hearts. After all, if they didn't know anything else, asking the National Team or seeking help from the big shots behind them would always get them an answer.

With this thought, they felt somewhat settled. Now, let's sit back and enjoy the showdown between domestic capital and foreign capital!!

The noisy day ended. The next day, the sun rose as usual.

Over in Hong Kong, Morgan Ored had a very unpleasant night. He couldn't sleep because of the jet lag, and now, because he was trapped in his position, he couldn't sleep even more.

"So annoying. T+1 and a 10% limit up/down board; what kind of bizarre market is this!!" "They won't even let money come in; it's really annoying to death!!"

OReid was eating a rich breakfast early in the morning, but his mood was not beautiful. Just thinking about seeing the A-share market brokerage sector fall again in a while made him feel uncomfortable. But what had to be faced had to be faced.

9:25 AM. The brokerage sector opened with a 3% gap down. This decline was already giving them face. At the very least, it allowed those Stock Investors who had placed limit down orders overnight to finally get out with a loss.

There were also some extreme stocks, the small-cap stocks of brokerage stocks, such as pacific, Guoyuan Securities, etc., whose decline today was very large, dropping more than 6 points in the pre-market bidding.

With such a terrifying decline, if the sentiment remained this poor after the market opened in a while, two consecutive limit downs would be very normal.

It must be said that OReid had lost his mind today. Seeing that the open wasn't actually too low, he directly ordered his Traders: "At the open, pull it up for me, and then sell everything when it's in the red. Today, I want to continue buying at the limit down!!"

"This move, in their Chinese terms, is called 'survival through death'!!"

9:30 AM arrived. The foreign capital that had some liquid funds left yesterday started crazily buying and pulling the price up again today.

This scene of unusual movement made Wang Lin, who was watching the market at every moment, laugh.

"Want to pull it up and then Dump Stock? Then bottom-fish at the limit down?" "When they pull it up in a while, just sell off with me. When they Dump Stock, follow me and grab chips, and replenish the bears' position!!"

Wang Lin seemed to have opened his heavenly eyes, staring fixedly at the foreign capital to strike.

This made it miserable for those Retail Investors. Especially the Stock Investors in brokerage stocks; these past two days of riding the roller coaster were truly agonizing. limit ups were really fast, but limit downs came just as fast.

Today was the same. It opened below the baseline, but within 3 minutes of the market opening, it was pulled into the red. This made those who sold during the bidding regret it endlessly. Some impatient people had already started chasing the price.

But just as they chased it, they were smashed down by several waves of large funds from Wang Lin. This wave was even like a fishing line; it was just to pull it into the red to lure bulls, and then crazily Dump Stock!!

The entire market revealed something eerie. The Stock Investors hanging high on the mountaintop learned through personal experience what a "fishing line" meant.

But the clash between large funds had just begun. Seeing that someone would Dump Stock as soon as they pulled it up, the foreign capital Traders couldn't hold on anymore. If they didn't sell now, they were afraid they would be trapped again.

OReid was also anxious: "Dump Stock! Sell off the funds that pulled it up first, and do a T (intraday trade)!!" "The selling pressure above is too strong; why is this A-share market so hard to play??"

Who could have imagined? A direct descendant of the Morgan Family, a hegemon of Wall Street, holding over 50 billion in funds, came to the A-share market, yet was forced to only be able to perform a T of about 3 points!? This was simply a fantasy!!

But reality was just this magical. Wang Lin was currently watching the large funds at all times; as long as they dared to dump, and specifically dumped it to 5 points below the baseline, Wang Lin dared to accumulate chips. He would absorb as much as they dumped. It was perfect to replenish the position he had dumped yesterday, and at the same time, settle his short positions. Killing two birds with one stone!!