"Oh my god... Brother Su is that amazing?"
Noticing Teli A's stock price hit its daily limit, Xu Qiao was completely stunned in the internal group chat of the 'Modu Ultratrading Gang' main speculative funds where Su Yi was, exclaiming,
"It's a true aggressive charge, but... I always feel that Brother Su's move to ignite and seal the limit isn't mature yet. Can it really hold?"
He currently held 10 million in funds but didn't dare to follow.
Because no matter how he analyzed it, he felt Su Yi's current rally was too forced.
"I trust Brother Su, I'll follow with 8 million and give it a try."
Old Zhang from 'Xinzha Road' had previously profited by following Su Yi, so despite his hesitation, he gritted his teeth and followed.
"If it doesn't hold, consider the 8 million in losses as buying Brother Su a meal."
"Old Zhang is still amazing,"
Said Old Wu from 'Yintai Road'.
"I'll follow with 3 million to sponsor Brother Su. I hope this wave succeeds. If 'Teli A' can generate sentiment, maybe today's market will come alive."
As the brief conversation among the group members concluded.
On Teli A's trading board, countless follow-up funds had already gathered.
In an instant, before Su Yi could even continue placing orders to seal the limit, Teli A's daily limit channel was sealed.
The number of limit-up orders surged to over 50,000 lots within tens of seconds, reaching 110,000 lots within half a minute.
Seeing Teli A's trading board sealed at the daily limit, Su Yi breathed a slight sigh of relief.
And at this very moment.
In the VIP trading room of Huaxin Securities Modu Liyang Road branch, Wang Zhongkai, the main market speculative fund operating from the 'Liyang Road' seat, also breathed a slight sigh of relief.
His previously furrowed brows finally slowly relaxed, revealing a faint smile.
Before Su Yi mainly attacked Teli A's trading board.
The funds powerfully maintaining Teli A's trading board were his.
The reason he maintained Teli A's stock performance against the trend was actually a desperate measure.
Because before the market's second stock market crash, he took over 'Teli A' at a high price, tying up nearly 30 million in funds.
Now, this high-level investment has lost over 15 million, making it impossible for him to easily cut his losses and exit.
Thus, he was forced to increase his position at the bottom to save himself.
Originally, the market's opening pattern was very good in the morning.
At the same time, the main theme of "State-owned Enterprise Reform," under the continuous general policy of "deepening reforms," also saw a prime opportunity for capital to gather and speculate.
He saw this point.
Only then did he dare to heavily intervene and take over chips, attempting to rally 'Teli A', reactivate the vitality of this "monster stock," gather capital to jointly seal the limit, thereby initiating a continuous rebound trend and freeing his heavily losing chips.
But unexpectedly, just as he had stirred up a bit of bullish sentiment in the market,
the securities market crashed.
Afterwards, the entire market was brought down further by a widespread collapse in the securities sector.
Originally, seeing the entire market rapidly plummet and a liquidity crisis reappear, he was on the verge of despair.
But unexpectedly, suddenly, the tide turned.
A powerful main fund directly pulled 'Teli A's stock price up to the daily limit against the trend, accomplishing what he wanted to do but lacked the courage and audacity for.
"To dare to aggressively push for the limit at this time, that's truly impressive."
Beyond his good fortune, he couldn't help but exclaim in admiration, feeling the shirt on his back drenched in sweat.
With massive losses, he had basically gone all-in today.
If it weren't for the strong main funds coming to the rescue just now, he truly wouldn't know what to do if 'Teli A's stock price continued to crash along with the index.
However, just as he was thinking how fortunate it was that other main funds had come to the rescue, and his hanging heart had just settled,
the next moment, another unforeseen event occurred on Teli A's trading board.
On Teli A's trading board, which had initially been sealed at the daily limit, a large volume of concentrated selling suddenly emerged due to another rapid market downturn.
This concentrated selling hit Teli A's daily limit.
However, in an instant, it shattered the confidence of the follow-up funds lined up on the limit-up board to seal and take over chips.
Causing the daily limit buy orders to sharply decrease.
One minute later, at 11:02 AM, Teli A broke its limit and fell back, and Wang Zhongkai's heart immediately sank again.
After that, both markets began to show a unilateral plunge.
By midday close, the Shanghai Composite Index opened high and closed low, dropping 4.32% in half a day, while the Shenzhen Component Index and ChiNext Index had plummeted by over 5.5%, with more than 500 stocks hitting the daily limit-down across both markets.
Amidst the index's sharp fall,
the stocks Su Yi was closely watching and had intervened in.
In the 'lithium battery' main theme, 'Tianqi Lithium' and 'Ganfeng Lithium', which had opened almost 2 percentage points higher in the morning, had plummeted by over 7%.
'Tianci Materials' had already fallen to the daily limit-down, while 'Duofoluo' remained relatively resilient, resisting with trading volume around a 5% decline.
As for 'Teli A', the leading stock in the 'State-owned Enterprise Reform' concept theme, in which he had already bought over 50 million in chips today.
After breaking the limit, its stock price also fell back to around an 8% gain.
After midday close.
Facing the entire securities sector's trend of nearing a widespread limit-down, and a situation where over 500 individual stocks had hit the daily limit-down across both markets.
Most investors in both markets were dumbfounded.
They didn't know why it had plunged.
It wasn't until 12:15 PM, when the CSRC (China Securities Regulatory Commission) issued an announcement, imposing a heavy fine of 840 million on eight institutions involved in off-exchange margin financing.
Only then did everyone realize why, in the morning trading,
the "SME and ChiNext" concept stocks, favored by off-exchange margin financing, and the securities sector, had shown a tragic widespread limit-down pattern.
Because this was the remaining on-market margin financing funds, frantically fleeing, making their final clearance and escape.
After seeing the news released by the CSRC.
Immediately, investment sentiment and speculative fervor in the market plummeted into an abyss.
Countless investors began to despair and curse, feeling that regulators were simply idle, couldn't stand to see the market rise, and couldn't stand to see everyone doing well.
Of course, as market sentiment collapsed,
a very small number of smart investors also saw the final clearance of panic selling and the impending opportunity for a market reversal.
Under these circumstances, where midday investment sentiment suffered an extreme setback and retail investors' bullish sentiment completely collapsed,
soon...
The market welcomed the official afternoon trading session.
As the clock officially passed 1 PM and the trading boards of both markets once again underwent drastic changes,
The Shenzhen Component Index, ChiNext Index, and SME Board Index almost instantly, at lightning speed, plummeted their declines straight to below 6%.
And accompanying the continued sharp fall of several major indices,
all 'SME and ChiNext' stocks, where off-exchange margin financing was concentrated, suffered extreme selling pressure.
More and more individual stocks began to plummet towards the daily limit-down.
The liquidity crisis in both markets, under this market trend, once again quickly became prominent.
To curb the further spread of the market liquidity crisis, the "National Team," led by the two main forces 'Zhengjin' and 'Huijin', started work early around 1:20 PM.
This time, the "National Team's" main offensive direction,
besides 'Big Finance' and the 'Two Barrels of Oil', began to focus on attacking central state-owned enterprises and state-owned enterprise stocks within the major theme of "State-owned Enterprise Reform."
Under the "National Team's" large-scale main buy orders,
at 1:25 PM, the securities sector, which had dragged down the entire market and was on the verge of a widespread limit-down, began to rebound sharply.
At the same time, a group of stocks in the "State-owned Enterprise Reform" concept theme also began a concentrated counterattack, leading the Shanghai Composite Index to gradually reduce its decline.
At 1:30 PM, the 'Four Major Banks' and the 'Two Barrels of Oil' turned red (positive), and the Shanghai Composite Index narrowed its decline to 2%.
At this point, Su Yi noticed that the core concept theme of "State-owned Enterprise Reform" had become the only market hotspot in both markets and an area where various main funds gathered for risk aversion.
Knowing that 'Teli A' still had a chance to seal the limit and form a collective force,
he unhesitatingly placed another 20 million main buy order, once again sharply pulling its stock price from an 8.5% gain to the daily limit.
At 1:31 PM, under Su Yi's main offensive with 20 million in funds,
'Teli A's stock price once again hit the daily limit price of 23.45 yuan, with an intraday turnover of 517 million, and a turnover rate of nearly 15%.
When Teli A's stock price rebounded to the daily limit, stubbornly showing its desire to seal the limit again,
countless short-term capital groups swarmed in, even more fiercely than when it sealed the limit in the morning, queuing up on the limit-up board to snatch chips.
Su Yi saw that this time, both the market turnover rate and volume performance were ideal.
He couldn't help but also place a 10,000-lot limit-up buy order behind the many follow-up funds, joining forces with the converging capital to completely seal 'Teli A's daily limit channel, thoroughly expressing the stock's market sentiment and the strong expectation of a 'leader's return'.
At 1:32 PM, with the combined efforts of many funds, 'Teli A' sealed its daily limit.
The limit-up orders on the trading board gathered to 210,000 lots within one minute, once again demonstrating the demeanor of a conceptual leader in both markets.
Afterwards, as trading hours continued in both markets,
the Shanghai Composite Index maintained a volatile trend around a 2% decline, while the Shenzhen Component Index, ChiNext Index, and SME Board Index continued to fluctuate downwards.
After 'Teli A' was completely sealed at the daily limit, Su Yi no longer paid attention to this stock.
Instead, he turned his attention to the four core stocks in the "lithium battery" main theme—'Tianqi Lithium', 'Ganfeng Lithium', 'Duofoluo', and 'Tianci Materials'—all of which had hit their daily limit-down.
Unlike 'Teli A', a popular stock in both markets,
these four stocks—'Tianqi Lithium', 'Ganfeng Lithium', 'Duofoluo', and 'Tianci Materials'—currently had very little attention.
Therefore, the market liquidity of these four stocks was very limited.
'Tianqi Lithium' currently had the highest market capitalization, over 14 billion, with a circulating share capital of nearly 10 billion.
However, its average intraday turnover in the past month was only around 200 million.
'Duofoluo's market capitalization was second only to 'Tianqi Lithium', with a market cap of around 10 billion.
Fortunately, this stock's chips were fully circulating, so although its market cap was not as high as 'Tianqi Lithium's, its liquidity was better than 'Tianqi Lithium's, capable of reaching a turnover range of 250 million to 350 million.
As for 'Ganfeng Lithium' and 'Tianci Materials'.
'Ganfeng Lithium' currently had a market capitalization of less than 7 billion, with a circulating share capital of less than 5 billion, and its average intraday turnover barely exceeded 100 million.
'Tianci Materials', with an entire market capitalization of only around 2.2 billion and a circulating share capital of just 1.2 billion, had even lower liquidity, with an average intraday turnover of less than 25 million.
Su Yi wanted to inject four to five hundred million in funds into these four stocks.
Normally, even if the market trend was stable, it would not be easy.
But at this moment, the market was plummeting extremely, and all four stocks had hit their daily limit-down.
As a bullish buyer, if he wanted chips, it would be very easy to buy them.
Therefore, during the extremely panicked late trading session,
Su Yi broke up his orders, continuously buying chips at the daily limit-down with order sizes of 500, 800, 1000, 2000 lots, and so on.
Finally, when 3 PM arrived and both markets closed,
with the Shanghai Composite Index stubbornly closing down 1.98%, and the ChiNext Index plummeting 7.49%, and a near repeat of thousands of stocks hitting the daily limit-down across both markets,
Su Yi already held 63 million in 'Teli A' chips,
as well as 72 million in 'Tianqi Lithium' chips, 70 million in 'Duofoluo' chips, 43 million in 'Ganfeng Lithium' chips, and 4 million in 'Tianci Materials' chips.
His total holdings amounted to 252 million, with a position ratio of approximately 43%.
However, with holdings of 252 million, the intraday profit was only about 1.2 million.
But even with an intraday profit of only 1.2 million, Su Yi was still very happy with this result.
Because judging from the intraday performance of 'Tianqi Lithium', 'Duofoluo', 'Ganfeng Lithium', and 'Tianci Materials',
he was certain that no smart main funds had yet realized the huge investment opportunities in the "lithium battery" theme.
This meant he could continue to buy aggressively at low prices, further seizing the highest quality core stock chips in this theme, and capture more future profits.
(End of Chapter)
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