Chpter 89 – Kneel and Beg the Patriarch to Open the Class
Chpter 89 – Kneel and Beg the Patriarch to Open the Class
A Sharp Decline in the Market
After the market closed, the Shanghai Stock Index had fallen -2.54%, closing at 2,037.74 points. The two bank stocks, Pufa Bank and Zhaoshang Bank, also suffered losses, dropping by -4.20% and -4.67%, respectively.
Shortly after the market closed, Fang Hong logged into his Weibo account and posted an update regarding the market's performance.
> "Today, the market saw a sharp contraction, with a significant adjustment. There was hardly any opportunity to make money, and the two bank stocks didn't yield much of a premium. After deducting stamp duty and handling fees, I barely made a profit."
> "Regarding my personal trades, I sold off my positions in the two bank stocks during the early session. However, there were multiple intraday trading opportunities. Many stocks in the ST (Special Treatment) sector had considerable upside potential, such as ST Beisheng (600556), ST Amoi (600057), and ST Xintian (600084). In the afternoon, I was considering entering Xinhua Guang (600184) on its first board."
> "However, I decided against it. These small-cap stocks cannot support large positions, and it's meaningless to invest just a few hundred thousand. I'm not a fund manager who diversifies into numerous stocks. Instead, I'll wait for a reversal in the market tomorrow and reassess my strategy."
After composing the post, Fang Hong took a screenshot and uploaded it to Weibo. Within minutes, the post garnered hundreds of comments, filled with admiration and discussion from followers.
> "God K never fails!"
"Over 1,400 stocks traded today, and more than 1,100 fell. Everyone lost money, but God K is still in the green! Amazing!"
"Perfectly avoided today's massive drop. Absolute genius!"
"I saw God K entering bank stocks yesterday and followed him at market open this morning, only to get trapped immediately. But after reading his latest update, I feel relieved. Hopefully, I can recover tomorrow."
"Small-cap stocks don't allow for large positions; I understand now. Thanks, K!"
"The ST stocks mentioned by God K have been rising sharply—should we enter now?"
"They've already gained so much. I wouldn't dare enter, especially since God K didn't either. ST stocks can be risky."
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A Market Rebound
Wednesday, December 10
After yesterday's downturn, the market rebounded today. Although there was a deep drop intraday, large-cap financial stocks managed to stabilize the market.
Following this reversal, retail investors who followed Fang Hong's Weibo updates were completely in awe. Many had followed his advice, avoiding yesterday's big decline, and then re-entering just before today's rebound, securing substantial profits.
By market close:
Pufa Bank surged +9.05%, with a trading volume of 2.94 billion yuan.
Zhaoshang Bank gained +6.82%, with a trading volume of 2.46 billion yuan.
Both bank stocks completely reversed yesterday's losses and even hit new highs.
After the market closed, Fang Hong updated his Weibo once again:
> "Today's reversal was within expectations. Both Pufa and Zhaoshang performed well, bringing in a total profit of approximately 8%, translating to around 4 million yuan in gains."
"Although small-cap stocks have explosive potential, they can't support large positions. Meanwhile, big stocks, if traded properly, generate larger profits and are easier to manage."
"Regarding my personal trades, I cashed out my bank stock profits at the end of the session. I haven't found a suitable re-entry point yet, so I'll take a short break."
Instead of logging off immediately, Fang Hong checked his Weibo account's follower count, which had surged to 1.34 million, growing at an accelerating rate.
The attention on his account primarily came from new users outside the platform, driving Quandong Weibo's total registrations past 2 million users. It was evident that celebrity influence played a crucial role in early-stage user acquisition.
When Fang Hong refreshed his post, there were already hundreds of comments, with engagement levels soaring.
> "As expected—God K is unmatched!"
"I nearly sold my bank stocks this morning, but thanks to God K, I held on and profited instead!"
"We kneel before the Patriarch!"
"God K, please take me as your disciple!"
"Start an investment class! We're willing to pay any tuition fees!"
"If you launch offline courses, I'll fly in from anywhere in China!"
Among the comments, one caught his attention:
> "God K, when the market presents both old and new investment themes, how do you choose?"
To which Fang Hong replied:
> "Always prioritize new themes and abandon old ones. New themes attract the most aggressive capital, leading to consecutive daily limits. Following this capital flow makes it hard not to profit."
The follower was ecstatic upon receiving a reply:
> "I can't believe God K replied to me! So excited!"
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A Sudden Market Crash
For the last two trading days of the week (Thursday & Friday), Fang Hong remained on the sidelines, refraining from trading.
The market, however, plummeted sharply:
Thursday: The market dropped -2.28%.
Friday: The decline worsened to -3.81%, briefly exceeding -4% intraday, with the Shanghai Index falling below 2,000 points.
The sharp downturn was due to disappointing economic data released in November:
PPI (Producer Price Index) rose by +2%.
CPI (Consumer Price Index) increased by +2.4%.
The simultaneous rise of CPI and PPI indicated rising inflation, raising fears of economic recession.
Ironically, the 4-trillion-yuan stimulus plan announced earlier should have been bullish for the stock market, as increased liquidity often leads to asset appreciation. However, market sentiment was weak due to:
1. Lingering fear from previous market crashes.
2. Concerns that excess liquidity would flow into the property market instead of stocks.
After Friday's market close, Fang Hong checked his Weibo and saw his latest post had received over 2,700 comments, many of them filled with desperation.
> "Master Patriarch, we've lost money!"
"These two days have been brutal!"
"I should have realized when God K took a break that the market was about to crash!"
"I bought bank stocks at the dip yesterday, only to get wiped out today!"
"Save us, Patriarch!"
"Thousands of us kneel and beg you to take disciples or at least start online classes!"
Meanwhile, ST stocks, which Fang Hong had mentioned earlier, continued to hit daily limits despite the market's crash.
> "Now I truly understand. God K isn't weak—he's just too lazy to trade small caps. They're exhausting and slow to make money. Too much effort for too little reward!"
Fang Hong, however, remained silent, uninterested in mentorship or offline courses.
For him, the market itself was his classroom, and profits were the only lesson that mattered.
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