That evening, the Tiansheng Pioneer Mixed Fund's net value was updated, reaching 1.8342 yuan with a notable increase of 7.69%. The first trading day of the week marked the end of consecutive days of extraordinary gains, surpassing 10%, and while the increase remained substantial, it no longer reached the earlier levels of 12-3 points or even 14-5 points.
Relative to other funds in the market, the performance of Tiansheng Pioneer Mixed Fund remained exceptional, leading the pack with a considerable margin. The second-best performing category fund achieved a gain of only +5.86%, a testament to the unique success of Tiansheng Pioneer.
Amidst a bullish market, everyone seemed to be thriving, with major funds hitting new highs, capital stocks reaching unprecedented levels, and significant increases in shareholder accounts and assets. The entire market was bustling with activity, featuring a surge in private OTC funds, a rapid influx of leveraged funds, and individuals leveraging houses and loans for stock speculation.
The momentum was undeniable, prompting the question: Is there an end to this market rally? The prevailing sentiment was that the sky was the limit, with the belief that there is always room for higher gains.
Tiansheng Pioneer Hybrid Fund didn't experience a net value increase of over 10% on this particular day. The heavy positions in the top ten Zhong prefixes, especially the two major holdings—referred to as "two great cars"—saw a minimal fluctuation, causing a slight dip in the overall net value increase.
The following day, at the market's opening, Lu Ming maintained his aggressive trading style, conducting intra-day ultra-short institutional tours to fine-tune positions and execute stock exchanges promptly. The fund received substantial subscription funds, influenced by the prior weekend's fame, prompting a significant influx of investors.
Lu Ming wasted no time, investing 885 million yuan immediately. As the opening saw a dip in the "two great cars," particularly CSR with a -5% drop, Lu Ming's strategic moves proved correct.
After completing the repositioning and share swapping for Tiansheng Pioneer Hybrid Fund, Lu Ming shifted his focus to the self-operated institutions of Tiansheng. He strategically allocated the 2.16 billion funds raised that day, dividing them into four portions and investing in the "two great cars" of China Railway Construction, Zhongtie, and North and South.
In the ensuing days, Lu Ming maintained his high-intensity trading efforts, maximizing returns for both personal and institutional funds. He set an ambitious target of achieving at least 10 billion in profits for the first half of the year, emphasizing the critical role these profits would play in the Anshi Group's strategy for the latter half of the year.
**March 27, Friday**
After the market closed, CNR, known as "Zhongche," announced suspension and restructuring that night. The reorganized CNR would be delisted, and after CSR absorption, it would be renamed "Zhongguo CSR," resuming trading on Tuesday, April 7.
The magic car was born!
The net value update result of Tiansheng Pioneer Mixed Fund that night was 2.2725 yuan, with a modest increase of 3.22%. The Christian Democrats expressed surprise, sparking lively debates in the comments section.
"I can't believe it. Yesterday's net worth was +8.25%. Why the significant drop today?"
"The increase is a bit less today, and it's disappointing."
"Isn't the brother doing well?"
"Come on, brother! You've been making a decent profit every day for the past few days. This is not a small increase. From March 16th to today, the cumulative net worth increase after resumption of trading is +127.25%. Have you ever seen an over-the-counter active hybrid fund doubling in 10 trading days?"
"Setting an example for the envious."
"Haters gonna hate. The brother could be making a fortune through private equity. Any income is better than being a public fund. In my opinion, the brother is trying to make money for everyone's financial management. Don't be mad at him. This is the wealth code of the majority of Christians, not just yours."
"This was expected. If you know more, you won't make money."
"Wealth strategies are proclaimed and criticized everywhere. They don't know how to make a fortune in silence. It's estimated that in the future, it will be challenging to make seven or eight or even a dozen points in a day."
**Monday, March 30**
At Su Xiaoman's house after work, Lu Ming agreed to visit her on Mondays and Wednesdays, maintaining a routine of "two days a week."
During working days, with his girlfriend An Yirou away, Lu Ming spent the nights at Su Xiaoman's house. However, after their conversation, Su Xiaoman, lying in Lu Ming's arms, voiced concerns.
"Recently, there have been many voices in the industry slandering you. They say you can't handle big capital operations and lack an understanding of genuine value growth. They portray you as a market speculator, and with the fund market expansion, they claim your weakness in dealing with large-cap funds is becoming evident."
In the past two days, industry voices, including Christian Democrats, had questioned Lu Ming's investment abilities. The closing equity was updated, revealing a net worth of 2.3381 yuan, a modest increase of 2.89%. Falling below the expected intraday gain of 3 points disappointed many, especially with Tiansheng Pioneer's performance today lagging behind the top 300 property weight index's rise of +6.52%.
Last Friday, the subscription funds maintained an intra-day scale of over 1 billion. Still, by Monday's 15:00, the new subscription funds saw a nearly 50% reduction, totaling only 570 million.
As industry comments and mocking voices intensified, some Christian Democrats chose to redeem funds and return to individual stock trading, believing Lu Ming's earnings were insufficient. The fervor of panic buying seemed to be subsiding, further disappointing many investors.