Chapter 92: "Sorry, Mr. Cheng, Quantum Beat Has No Intention of Selling!"
Chapter 92: "Sorry, Mr. Cheng, Quantum Beat Has No Intention of Selling!"
As Fang Hong continued to make waves in the stock market with his latest moves, his Weibo account, K3478, exploded with comments from his followers. Retail investors who kept track of his updates were astounded by the size of his assets.
[Wow, over 70 million already? Last week it was just over 50 million!]
[As expected from the patriarch!]
[I thought God K was taking a break from short positions this week, but it turns out he secretly got back in the game...]
[Impressive! The patriarch's ability to read the market is phenomenal—he never hits a bottom too early or a peak too late, it's almost like he's manipulating the market!]
[Even after Hitong Securities made their move, God K had already caught the rise and avoided the drop perfectly! Zhongguo Ping An, Shan Qi Coking Coal... God K is a mastermind, just brilliant!]
[It's been less than a month, and I've watched God K's account grow from 30 million to over 70 million.]
[Master Patriarch, please teach us your ways—I've lost all my money trying to follow the market on my own... (covering face)]
[God K, why didn't you update this week? I feel like I missed out on a hundred million!]
[No one else is talking about the meaning behind God K's market picture. Can someone explain? What's going on?]
[The picture looks fine, God K is exposed—I'm into that type too... (funny manual)]
[Finally, someone with the same tastes as me... (dog head emoji)]
[Me too... (dog head emoji)]
[I don't really understand the picture, but I'm saving it for later.]
[Can we get a serious discussion here? A bunch of LSPs is making this impossible... (screenshot saved)]
[A bad omen's appeared. Another wave is coming. My interpretation is that God K is signaling danger ahead in the market, but what about the second part? Could it mean another wave of rebound, or more of a decline after the drop from 2100 to below 2000?]
[Wow, if we misunderstand that, it could lead to big losses!]
[Patriarch, can you be a little more straightforward? What a hassle...]
[If you don't understand, just wait and see. As long as you trust God K, even if you don't make any money, you'll at least avoid big losses.]
[I get it now. I'll trust God K and just wait to see what happens next week.]
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Market Situation on December 22nd
Monday morning opened with a sharp drop in the A-share market, caused by a major piece of negative news. Industry insiders revealed that the Criminal Law Amendment (Seven), currently under review, would criminalize behaviors related to the "rat warehouse" (illegal trading practices using undisclosed business information) and expand the scope of responsibility to include non-financial institution staff.
This amendment aims to tighten up the market, curbing activities like insider trading, which had previously been difficult to prosecute due to legal loopholes.
While this news was ultimately positive for the long-term health of the market, in the short term, it created an unstable environment. Those involved in illegal trading were eager to escape before the new law could catch them, leading to a mass exodus of funds from the market.
As a result, the broad market index fell by 2.5% during the day, but rebounded slightly in the afternoon, closing with a 1.52% drop, once again falling below the 2000-point mark.
The market continued to shrink, signaling that further declines were likely in the days ahead.
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December 23rd – Market Decline Continues
On Tuesday, December 23rd, the market dropped even further, with the A-share index plummeting by 4.55%, closing at 1897.22 points. Having fallen below 2000 points the previous day, it now breached the critical 1900-point mark without any resistance.
This significant drop erased last week's gains, and the market closed near its lowest point of the day, indicating that the decline wasn't over and would likely continue.
As soon as the market closed, Fang Hong updated his Weibo with the latest market analysis, and his followers rushed to comment.
The number of comments on his post surpassed 3,700, with most expressing their frustration over the market's movements.
[The ominous sign has appeared—there's another wave coming, not a rise, but a plunge!]
[I'm betting there will be another rise. I lost money trying to catch the rise these last two days.]
[The blogger is playing tricks. His words are so vague, he'll always be right no matter what happens.]
[You can't judge from just these eight words! Look at the screenshot posted by God K last Friday—he shorted the market. Doesn't that clearly indicate he's bearish?]
[Right, God K caught the rebound last Friday and boosted his funds to more than 71 million.]
[Some people still question the patriarch's strength. Seriously?]
[I watched as the patriarch got out of the market early, avoided this crash, and saved himself. God K is amazing!]
[We should wait for God K to re-enter. That'll signal the market's bottom. At least that's how I interpret it.]
[Seriously, how can anyone still doubt God K's skills? I've been following him this month, and if I had just a fraction of his skills, I'd be crushing the market!]
[Following God K's lead, even if I didn't make money, I at least avoided losing a fortune. It's been very comfortable!]
[I don't care if the patriarch doesn't open a position—I shouldn't have taken chances today!]
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Fang Hong, once again, accurately avoided the losses of the market, further solidifying his reputation for being a master of the market. His skill and foresight were undeniable.
When he posted his update on Friday, the image of the market outlook became incredibly popular, quickly circulating throughout the stock trading community. The image's clarity and simplicity made it easy for others to understand, and it spread like wildfire, becoming a meme in the circle.
As his fame grew, so did his followers. His Weibo account, "K3478," reached more than 2 million followers, and the user base kept growing. It was clear that people were flocking to him for financial guidance, hoping to unlock the secret to his wealth.
This surge in followers also boosted the growth of the microblogging platform itself. The platform's user base grew exponentially, catching the attention of major internet moguls who began to take notice of this unexpected rise.
And, of course, the increased attention from investors was not lost on the platform's stakeholders. The influx of attention and capital was undeniable.
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The Acquisition Proposal from Qianxiang Group
Meanwhile, while Fang Hong was enjoying his success on the university campus, his roommates were busy with their studies and managing the company's operations. They had little time for leisure, with business matters taking priority.
At this point, Xu Jingren, the head of Quantum Beat, received a call from Cheng Yizhou, the CEO of Qianxiang Group, one of China's top ten internet founders. Cheng had expressed interest in acquiring Quantum Beat, offering a sum of 18 million yuan.
Xu Jingren, sitting in his office, responded calmly, "Sorry, Mr. Cheng, but Quantum Beat has no intention of selling, and we have no plans for refinancing at this time."
His response was polite, but there was no mistaking the disdain behind it. Cheng Yizhou's offer seemed far too low for a company with the kind of potential Quantum Beat had. The recent growth of Weibo, with over 3 million registered users, demonstrated the company's rapid expansion. The valuation of over 60 million yuan from the angel round was now more than justified, and some analysts were even estimating the company's worth in the hundreds of millions.
Gone were the days when Xu Jingren would have eagerly accepted any offer. Now, he saw the bigger picture—Quantum Beat was a rapidly growing company with much more potential than a mere 18 million yuan.
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End of Chapter 92
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