By Psyduck Fomo
(Vitalik recently said not to use more than 2x leverage. Mr. Bao also used 2x leverage to finance and his position went bankrupt. Vitalik’s remarks two days ago also hinted at Mr. Bao’s ending yesterday.)
Original text of Reminiscences of a Stock Operator:
What happened in the stock market today has happened before and will happen again; Wall Street never changes. Money bags may change, speculators may change, stocks may change, but Wall Street will never change because human nature never changes.
— Jesse Livermore
Main story 1:
Mr. Qiang from the Shenzhen Gang went to Shanghai and hyped up the 601 stock market by relying on acquisition concepts. Then Mr. Bao relied on the money raised from illegal fundraising + insider information (in exchange for interests with Mr. Li) to follow the rhythm of the Shenzhen Gang and then make a profit.
1. Before Bao Zong confirmed 601, he identified three stocks through the "Three No" sector. The "Three No" sector refers to no state-owned stocks, no legal person stocks, and no foreign-funded stocks. The biggest feature of the sector is that the plate is small and all are circulated, so it is easy for the main force to collect chips in the secondary market. Isn't this a meme coin? Why are retail investors and institutions keen on this "Three No" sector? The recent popularity of inscriptions is also an extreme manifestation of the uneven distribution of chips between individuals and institutions. Anyway, it's all storytelling. Your institutions use technology and data to tell stories while silently shipping, so why don't we just click and find an air coin to speculate.
2. Mr. Qiang, who studied in Japan, had never heard of the concept of acquisition when the A-share market was still in its early stages (corresponding to the real-life version of the Baoyan War). He applied this concept to hype stock prices and focused on geographical arbitrage. In the history of the development of the crypto, the early arbitrageurs who took advantage of the price difference between BTC in China and the United States later moved the experience of CeFi that took 200 years to DeFi in 5 years, resulting in the prosperity of the ETH ecosystem (29b TVL). Li Xiaolai and Jack Ma, who are also English teachers, can also conduct geographical arbitrage. So it once again shows that language is not just a language but a channel to understand the operating mechanism of another world.
3. Illegal fundraising + insider information This is so similar to the early crypto. The overwhelming wealth is all brought by the wind. When you are still struggling with whether this thing is legal or not, smart people have already rushed in. The prosperity of the crypto is also a victory for the grassroots. The early development stage is rough and gray. If you don’t join now, do you have to wait for high-quality development to work?
Main Story 2:
As the underwriter of the clothing company, Mr. Bao had an initial capital of 120 million. In the end, he was cut off by Mr. Qiang. Mr. Qiang originally planned to sell high to blow up Mr. Bao's position, and then buy low to pick up the corpse, just like Mr. Bao picked up the corpse of Mr. A. As a result, Qilin Club paid 3,000 to Xiguo Investment and took over Mr. Bao's 30 million plate. In the end, Mr. Bao lost 30 million in cash and only had a piece of land in Chuansha (finally sold to Disney's Chuansha fox Lingna Belle). Mr. Qiang did not buy low, and because of the loss of 30 million in the high selling, he was imprisoned.
1. Qilin will be the biggest winner. Doctor Wu said: There is nothing that cannot be traded in this market, even the coffin board has a price. Originally, Mr. Qiang did not get the qualification of the listed underwriter and wanted to force himself to be the banker, but he was still taught a lesson by the whale Qilin behind him. When a whale falls, all things come to life. What is the difference between this and the whole market picking up the corpse of Mr. A? In the crypto, there are also events such as the bankruptcy of Three Arrows Capital and the collapse of FTX, which reshuffled the market again and again. In the end, only the crazy people can still remember that there was a Mr. Bao on the Yellow River Road. There is indeed nothing that cannot be traded. The BTC ETF event is a drama of institutions such as SEC and Matrixport.
2. Vitalik recently said not to use more than 2x leverage. Mr. Bao also used 2x leverage to finance and his position was liquidated (which was equivalent to a liquidation, and the chips were given to Kylin Club). Vitalik’s remarks two days ago also hinted at Mr. Bao’s ending yesterday.
The ending of "Fang Hua" is indeed quite similar to "Dream of Red Mansions". There were once lights, wine and women, and the fate of many people rose and fell in Huanghe Road and Shanghai. In the end, the guests and hosts were all happy, and when the song ended and everyone dispersed, the prosperity was gone, leaving only loneliness all over the sky and the earth.
Some other interesting content:
1. When Mr. Bao first came to Foreign Trade No. 27, there were crowds of people waiting in line outside, while the staff inside were leisurely drinking tea and affixing stamps.
2. The so-called stock analysts promoted that 601 would rise sharply, and investors like Xiao Jiangxi believed it and rushed into the stock market with a family fortune of 200,000 yuan, and were cut off. What is the difference between these stock analysts and the so-called wealth management centers of major banks/research institutes of securities companies/KOLs in the crypto? They have a lot of research reports, but do users make money from them?
3. In order to grab the foreign trade orders from Mr. Bao from Wal-Mart, Ms. Wang raised the cost price. She was originally going to lose money, but in the end she made a small profit because of the increase in the exchange rate. Why did Ms. Wang dare to gamble on the exchange rate like this? It was because of the hint from her No. 27 master, Section Chief Jin. These people with connections and connections make money by relying on insider information, while Xiao Jiangxi and Mei Ping at the bottom also lament the unfairness of fate. If you treat Ms. Wang as your own idol and chase her, it is indeed a cool drama. Her master is Section Chief Jin, her partner is Mr. Bao from Huanghe Road, and her pursuer is Mr. Wei, the owner of the Wenzhou Leather Factory. She is doing very well, but the audience finally finds out that she is Mei Ping.
4. If there is a second part of Fanhua, Mr. Bao will do foreign trade (real estate) and speculate in A shares (cryptocurrency)
