The second biggest disaster in A-shares has also occurred.

This year's biggest disaster in A-shares is Wen Tai Technology, and the second biggest disaster is Intercontinental Oil & Gas.
Intercontinental Oil & Gas was already a junk stock, and since the end of last year, it has been repeatedly manipulated by mysterious funds.
Coupled with the Iran war and expectations of rising oil prices, in just three months, the stock price of Intercontinental Oil & Gas was driven from less than 3 yuan directly to 9 yuan.
Many retail investors who were unaware of the truth were captivated by the rise of Intercontinental Oil & Gas and rushed in to buy at high prices.
When the stock price reached 9 yuan, it started to decline.
In April, the company experienced a sudden crisis, with 9 billion yuan embezzled by major shareholders, the controlling shareholder filed for bankruptcy, and the accounting firm issued a negative opinion on the financial report, directly labeling it as ST.
At that time, more than 300,000 retail investors were gambling heavily on Intercontinental Oil & Gas.
After being labeled ST, the stock price fell daily limit, hitting 13 consecutive daily limits, trapping all retail investors and making it impossible for them to exit.
The day before yesterday, Intercontinental Oil & Gas hit the limit-up and limit-down, first opening with a limit-down, then being pushed up to a limit-up after being shaken, and some retail investors hoping for a rebound.
Yesterday, it hit the limit-down again, trapping bottom-fishers once more.
I also saw a netizen crying, saying they bought 2.83 million yuan in margin in March to chase Intercontinental Oil & Gas, and now they are trapped with a loss of 1.46 million yuan, feeling completely exhausted.
The gambling nature of retail investors in A-shares is still too strong.
When prices rise, they chase high, increasing their positions the higher it goes.
When a stock crashes, they end up losing everything, even their underwear.
In investing, capital safety is more important than making money.
To preserve principal, remember not to blindly chase high and avoid speculating on junk stocks.