Chapter 90

On Thursday, September 10th, Anshi Co., Ltd. officially resumed trading after a one-day suspension due to the shareholders meeting held yesterday. It swiftly claimed the top position on the popularity list.

With a closing price of 22.3 yuan on the previous day, Anshi's shares started the call auction at 24.54 yuan. At 9:25, the bidding result remained at 24.54 yuan, triggering the daily limit of +10.01%. The board saw orders exceeding 2 million throughout the day, with 4.5 billion funds queued up for buying orders. By the closing bell, the day's transaction volume for Anshi's shares amounted to 785 million yuan, significantly lower than the 33.7 billion yuan traded on the previous day.

This resulted in a locked-up situation, with the stock hitting the daily limit.

Following the shareholders meeting, the core logic of Anshi shares experienced a significant reversal. Public funds, large funds, social security funds, northbound funds, and hot money were all eager to raise funds, creating a surge in demand.

The extraordinary shareholders' meeting served as a clear signal. Few companies boast an annual profit nearing 30 billion, let alone those distributing dividends exceeding 10 billion each year. Anshi Group's dividends, as proposed and approved at the shareholders meeting, surpassed those of recognized high-quality stocks like Gerry Electric and Mao Ti.

Institutional funds, aiming to collaborate and manipulate a panic-driven market to force retail investors to surrender their chips, faced a transparent scenario. Retail investors, although cautious, proved to be resilient and wise.

The subsequent trading day witnessed Anshi's shares hitting the daily limit, reaching 26.99 yuan, marking a 9.98% increase. The total market value of Anshi Co., Ltd. soared to 426.4 billion yuan, demonstrating the overwhelming strength of multiple stakeholders against the short side. Some institutional funds, seeking to enter the market, found it imperative to adopt a continuous strategy, pressing the urgency to suppress the short side.

During the weekend, major institutions and funds were actively contemplating strategies to amplify their influence in the market.

Shortly after the market closed on the following afternoon, Su Xiaoman visited Lu Ming's office to report, "Fifteen institutions have contacted my office today."

Lu Ming, the CEO of Tiansheng Capital, entrusted the daily operations to Su Xiaoman and her management team. The positive reputation gained by Tiansheng Capital during the Antiy equity dispute attracted interest from Chaoyun and Wanxiang, both of which had successfully collaborated with Tiansheng Capital.

Lu Ming, inquiring about the nature of the contacts, asked with a smile, "Did they all bring in funds?"

Su Xiaoman responded, "Not exactly. They want to strengthen their position in Anshi's shares, but the amount of funds available is limited. I can sense that they want Tiansheng to cooperate in spreading negative news to manipulate the market and facilitate their takeover of chips."

Lu Ming, without hesitation, advised, "Provide them with a clear response. Tiansheng Capital has no shortage of profits, and we only welcome partners like Chaoyun and Wanxiang."

Observing Lu Ming's calm approach, Su Xiaoman paused and questioned, "Are you aiming to earn money ethically, without concerns about future involvement in the industry?"

In a nonchalant manner, Lu Ming replied, "If you're not causing trouble, it's not a big deal. The money we're making now is enough for a hundred lifetimes. Having fun, singing, and enjoying life every night—it's beautiful, isn't it?"

Unhappy with his response, Su Xiaoman shook her head and muttered, "Okay."

Takong Institution and Takong Fund, facing resistance from Tiansheng Capital, were discontented with Lu Ming's stance. Despite this, the institutions and major funds persisted in their efforts, determined to find an opportunity to enter the Anshi shares market.

On Tuesday, September 15th, Anshi shares once again opened at the limit price, delighting retail investors. Soaring to 29.69 yuan, the total market value reached 469.1 billion yuan, surpassing Sinopec and ranking as the 7th largest listed company in terms of market capitalization on the A-share market.

However, around 14:35 in the afternoon, a sudden news flash claimed that Anshi Group was planning to sell its cultural tourism business to Huijing Group. This development triggered dissatisfaction from Tiansheng Capital, leading to a heated dispute.

What's happening again?

Is it the end?

In tandem with this news, Huijing Group swiftly exercised the shares it held, and it was apparent that Takong Fund was poised to intervene, striking a deal with Huijing. The substantial power of the last 3.9 billion from Huijing Group resembled the force wielded by Lu Ming when Tiansheng Capital intervened on the mountaintop.

The market, with a vivid memory of past events, immediately recalled the magic car incident. Huijing's sudden move indeed detonated the market, ultimately causing the loosening of profit chips.

This 3.9 billion fund discrepancy significantly impacted market sentiment. Uncertain of the outcome, major funds chose to exit, leading to a domino effect. Retail investors, following the principle of trusting what's heard, decided to lock in profits and exit preemptively.

It's challenging for retail investors to withstand such volatility, and they often disappear at the slightest turbulence. However, it's important to note that this market inherently poses challenges for retail investors, as most institutions can anticipate market moves in advance. Retail investors, being a step behind, often find themselves caught off guard.

The recent roller coaster trend of Anshi Co., Ltd. over the past two months is another factor contributing to the skittishness of retail investors. Observing Anshi's recent trajectory, it becomes evident that the market has been exceptionally turbulent, making it difficult for ordinary investors to navigate.

Upon closer inspection, many retail investors chose to pocket profits after gaining two or three board points, opting for a quick exit with a modest profit. After the explosion, Anshi's shares experienced a sharp decline in late trading, turning negative at 14:45. This triggered a flight of profit-making funds, causing the stock price to plummet. Within three minutes, the price dropped to 26.58 yuan, appearing poised for a free fall.

The trading volume for the day exceeded 36 billion, indicating heightened market activity.

At 14:52, a turnaround occurred. Anshi Group responded to the market rumors and refuted the claims, but it was almost twenty minutes later. Off-site funds, however, had already begun intensifying their efforts to raise capital.

Anshi's share price rebounded from the last-minute plunge during late trading, turning positive to close at 28.00 yuan, marking a +3.74% increase. Despite the K-line pattern resembling a daunting high-point Yin Xian, it was, in reality, a false Yin Xian. Anshi's shares opened at the daily limit and closed at +3.75%, reflecting an upward trend for the day.

Retail investors who realized they had been caught off guard were left bewildered. Thinking they had missed out on significant gains, they found themselves plummeting before dawn after surviving previous challenging days.