Commentary: In Qingdao in May 2007, the last chill in late spring has gradually passed, and summer is coming. Trader Liu Jiangbo smelled the smell prematurely. After the Spring Festival this year, the market began to rise all the way, from 1700 points, and broke through 4000 points in May.
2. Liu Jiangbo (stock trader): The concept of one week 10% and 20% soon is very fast. At that time, I remember that the purchase of GSI rose from 6 yuan to 16 yuan, and it arrived in two or three months, soon. Finally, the stock rose to more than 60 yuan.
Commentary: I have just entered the stock market, and I am still a graduate student. I also feel the heat of the stock market.
Xiao Zhiming (stockholder): What impressed me the most was seeing the stock of Sany Heavy Industry that day. At that time, Sany Heavy Industry was seven yuan, and then I said I could buy this, but on the first day I opened an account, I couldn't buy or sell stocks that day. When Sany Heavy Industry rose, it rose all the way. Later, it came and went once, and it probably increased ten times after the rights were restored.
Commentary: Later, many investors found that the rise of stocks was not an individual phenomenon, but very common. Nine times out of ten, the stocks listed on the broader market will float all the way to the daily limit, and even those stocks that are not usually active will suddenly be activated and become blue chips.
Liu Jiangbo: You can't even make money if you don't want to. As long as you buy it, you can hold it at will, just like the stock god. Which one you say goes up, which one goes up the next day.
4. Ma Anqiang (old stockholder): At that time, it seemed that everyone made money, and I had never heard of anyone who didn't, so under the influence of that atmosphere, my colleagues and classmates around me seemed to be talking about stocks, and some people made as much money as others. It's not me who makes money, but the whole society makes money.
Commentary: The upsurge of the stock market has driven the enthusiasm of the whole society to invest in stocks, and for a time people have turned around and turned to the stock market. The new entrants to the market include not only the working class in the city, but also retirees, laid-off workers and students. At the gate of the bank, there are long queues for withdrawals every day, and the stock exchange hall is even more crowded.
5. Liu Jiangbo: It is difficult for you to occupy a machine. You should come early, take a cup, occupy a place, and don't move, so that you can find the machine for watching vegetables. It's too hot. Then usually, when the market really opens, several people look at a machine.
Commentary: A large amount of funds flowed to the stock market, which promoted the development of the whole industry. Companies in Liu Jiangbo began to expand rapidly, with the number of people changing from three to more than 30, and the capital scale expanded from the initial 200,000 to more than 40 million.
Liu Jiangbo: The number of such customers has soared from less than 200,000 to more than 40 million within one year, which is a rapid growth. Because the market was very good, all the funds poured into the stock market, and we made money easily at that time. Basically, it is not an exaggeration to make money every day.
Commentary: The expansion of working capital has brought about an increase in income. The monthly income of employees in Liu Jiangbo ranges from 35,000 yuan to 10000 yuan, or even 30,000 to 40,000 yuan. In Qingdao at that time, this income was several times or even ten times that of other industries, and so was the income of shareholders.
6. john maynard keynes (stock critic): One of our former colleagues, who is a child himself, is not married. At that time, he bought a company called China Aluminum. I think it started to rise after I bought it, and it rose to near 60 yuan at the best time. I bought it for more than 20 yuan, and it rose to 60 yuan in two months. He told me himself that I would leave the money to my grandson.
Commentary: Keynes was a professional stock analyst and the earliest professional financial blogger in China. After 2000, he entered the stock market and worked hard from the rookie level to become a well-known professional in the industry.
Keynes: My wife told me that one of our colleagues bought an aluminum stock, which has multiplied several times in three months. You see, your stock has been held since 2005, and now it has risen five or six times. You see, our colleagues can earn so much in a few months. Your method is too slow. then what So she insisted on buying stocks and insisted on buying them.
Commentary: Even professionals like Keynes were initially puzzled by the arrival of this bull market, and the situation was unprecedented. The stock market, which has soared to 4000 points, is still rising.
7. In a small school, almost all the students around him have entered the stock market. Some of them use tuition and living expenses, some borrow from home, and some students who suffer from insufficient funds even use credit cards to cash in stocks.
Xiao Zhi Ming: The information card has been cashed out. At that time, the annual interest rate of the cost was about 18%, but at that time, I thought 18% was quite easy. I will come back after buying two daily limit boards. At that time, everyone was in a special and overly optimistic mood, especially eager for funds, especially eager to have a sum of money to buy stocks, and any stock would go up.
Commentary: A young classmate even deliberately defaulted on his tuition for several years and also traded stocks.