303: Retail investors sold too early!

Opening two points lower was considered normal; after all, so many people were trapped yesterday, so panic selling today was expected.

However, the shanghai composite index also opened nearly a point lower, which was quite a headache.

But this low opening...

...was caused by various factors.

There was the instigation from Big Vs last night, the plunge in the US Stock Market last night, and the collapse of Junlin Finance.

One could say that in today's process of global financial integration, no one can remain unaffected.

Of course, Retail Investors didn't care about these things; what they cared about was whether the chips they bought yesterday could safely escape today.

But looking at the situation of opening two points lower, they would likely be buried again if they didn't run now.

Some who chased the highs yesterday gritted their teeth today; seeing this low opening, they resolutely cut their losses.

Looking at this situation, it seemed no one would come to rescue those trapped positions at the top anytime soon.

It was better to just cut it off and be done with it.

Others were unwilling to give up; they felt that for a stock as strong as Junlin Finance, how could it turn out like this right after listing?

But then they thought about the overwhelming number of Big Vs last night comparing Junlin Finance to PetroChina, and then looked at today's gap-down opening during the auction.

They didn't dare to gamble.

This is the stock market; even if some people thought about bottom-fishing last night, when the moment actually arrived today and they saw the continuous decline...

...their thoughts shifted in an instant.

The 'Little Ming' in their minds was constantly attacking and struggling with them.

Time quickly reached 9:30 AM for the official market opening.

At that moment, an infinite number of sell orders actually surged out for Junlin Finance.

These sell orders completely shattered the mentality of those Retail Investors who were still waiting and watching.

They also followed suit, fleeing in a panic.

Cutting losses.

Selling stocks!

What kind of bullshit was Junlin Finance? Any stock that couldn't make them money wasn't a good stock.

"Forget it, I'm cutting my losses. This stock is too weird. It released such huge volume yesterday and closed with a 'Lightning Rod' candle; the pattern is just too poor!!"

"This is Junlin Finance, what the hell are you panicking for!!"

"I only bought a half-position yesterday. If it drops to ten points today, I'll add the other half!!"

"Damn it, I agreed to cut losses during the auction yesterday, but then I thought it might push up at the opening. Now look, I could have only lost two points today, but now I'm losing five! This drop is too fast!!"

It was indeed dropping too fast.

It dropped so fast that many people were panicking.

This was also a deliberate move by the Institutions.

At this moment, all the Institutions had completely transformed into drama queens.

Inside Junlin Finance.

Naturally, the intraday chart of Junlin Finance was displayed on the computer in front of Wang Lin, but he wasn't worried at all.

Beside him, Leng Nuannuan and Li Yuanyuan were looking at Wang Lin; they didn't even look at the price movement of Junlin Finance.

They knew that those Institutions had been Shakeout these past two days.

Right now, they only had one thought in their minds: Brother Lin was the world's richest man!!

Calculated according to yesterday's closing price, Junlin Finance's market value had reached 890 billion. Adding in Wang Lin's own money...

Or rather, not counting anything else, just based on the market value of Junlin Finance alone, Wang Lin held equity worth 83 billion US dollars.

And currently, the previous richest man in the world was Bill Gates of Microsoft, with over 70 billion.

Not to mention, the market value of Junlin Finance could skyrocket at any time.

It all depended on when those Institutions finished Shakeout.