Facing such a closing situation in both markets.
The vast majority of countless investor groups in the market were relatively pessimistic.
Some even estimated the Shanghai Composite Index at 2500 points and the ChiNext Index at 1000 points.
And amidst this widespread belief that the market had entered a bear market cycle, with no one holding any expectations or illusions for a bull market.
As for the stock 'Teli A', which surged against the trend today and forcefully locked at the daily limit.
It seemingly became the most beautiful highlight in the entire market, an unavoidable core hot stock for countless short-term investor groups during their after-hours review.
And as countless eyes converged.
The popularity of this stock also soared directly after the market officially closed.
"'Teli A' has really high recognition in the market today!"
As more and more investors focused on 'Teli A' after the market, in the speculative funds' community, in the internal group of the 'Gusu system' main speculative funds, who had clashed with Su Yi on the 'Meiyan Jixiang' stock, Zheng Zhongming, the seat trader for the 'Gusu Renmin Lu' account and a core figure of this main speculative fund, exclaimed,
"The funds that spearheaded locking 'Teli A' today are not simple, whether in terms of strategy, audacity, or financial strength."
"'Teli A' managing to stand out today is quite a surprise."
He Chong from the 'Gusu Xibei Jie' branch responded,
"However, this kind of strong pull against the trend looks a bit like self-rescue by trapped internal main funds. I doubt it will have much sustainability, right?"
"Hard to say."
Old Qian from the 'Yuhang Wenhua Lu' branch said,
"Today, the market sentiment for the entire 'State-Owned Enterprise Reform' concept theme was not bad. From a market analysis perspective, when 'Teli A' first hit the daily limit in the morning, it seemed a bit like a forced strong lock, failing to consolidate the bullish sentiment and sector effect of the entire concept theme.
But the re-locking wave in the afternoon was very inspired, successfully consolidating the concentrated bullish sentiment of the entire 'State-Owned Enterprise Reform' concept theme, giving it the feel of a sector leader rising again."
"Everyone says a concept leader relies on market trends, and the resonance with sentiment, funds, and the broader market. What's the explanation for this anti-trend limit? I don't quite understand the logic of this fund forcefully locking 'Teli A' today!"
"Market operations don't necessarily have to follow the trend; sometimes going against the trend makes it easier to achieve a concerted effort from funds."
"There's also this theory,"
Zhang Xinlei from 'Modu Jinling Lu' also said at this time,
"Once the market is comprehensively weak and a liquidity crisis arises, various stop-loss and cut-loss funds in the market will converge towards weighted main lines, or rather, concept theme areas, that can consolidate sentiment, form a fund consensus, and have abundant liquidity.
Obviously, in the entire market today. Only the 'State-Owned Enterprise Reform' concept theme line consolidated bullish sentiment during trading, was not crushed by concentrated selling, and formed a certain fund consensus.
Thus, this fund followed the trend and forcefully locked the stock 'Teli A'. In one go, it created a money-making effect and ample market liquidity, attracting various short-term follow-up funds and funds that cut losses or stopped losses from other concept theme areas to take over, which is easy to understand."
"Operating against the trend, if done well, can quickly establish high market recognition, attracting concentrated attention from numerous fund groups, forming sentiment expectations and fund consensus. But if not done well, it will most likely be buried by massive internal selling under a weak market condition."
Zheng Zhongming from 'Gusu Renmin Lu' sighed again,
"This is like walking on a tightrope; only those with great skill and courage can do it!"
At least, he admitted that he himself did not have the courage to forcefully lock such a daily limit.
"I wonder which fund in the industry was the main force behind forcefully locking 'Teli A' today. This audacity and strategy... truly impressive!"
"The key is that with such a massive amount of trapped long positions above, they still dared to lock the limit against the trend. That's really impressive; I certainly don't have that courage."
"Looking at this trading technique, it somewhat resembles Sun Chengyu of the 'Yuhang system'."
"No, the 'three-chop axe' technique of the 'Qingchun Lu' trading seat still leaves very identifiable traces on the market,"
He Chong said.
"I feel that the funds that locked the limit in the morning and the funds that re-locked it in the afternoon should not be the same main speculative funds."
"I also have this feeling,"
Old Qian from 'Yuhang Wenhua Lu' said.
"The technique for pulling up and locking the limit in the morning was a bit rough, but the re-locking in the afternoon was executed very skillfully."
"It's almost 5 PM. 'Teli A' will definitely have a daily trading summary list today. Just look at the trading data disclosed for this stock, and we'll know who it is."
Zhang Xinlei from 'Modu Jinling Lu' said,
"I feel it's the work of General Manager Shao from 'Gubei Lu'."
As soon as he finished speaking.
5 PM had arrived, and the daily trading summary lists for both markets refreshed.
Subsequently, when everyone in the group converged their eyes on the buy and sell data disclosed for 'Teli A', they were all dumbfounded.
"Damn, it's the 'Jinrongjie Fuxing Lu' fund?"
Zheng Zhongming stared at the intra-day buy and sell seats disclosed for 'Teli A', utterly shocked.
He thought that ever since he was harvested by the 'Jinrongjie Fuxing Lu' fund on the 'Meiyan Jixiang' stock, he had thoroughly studied this fund's trading techniques.
But he never expected this fund's operating style to be so strange and unpredictable, further increasing his understanding.
Initially, he thought the 'Jinrongjie Fuxing Lu' fund would only operate with the trend.
Its trading specialty was to heavily ambush leading concept stocks on core popular main lines.
But later, the 'Jinrongjie Fuxing Lu' fund showed another skill on 'Huaguo Zhonggong', a super-heavyweight stock with a market value of hundreds of billions.
This let him know that this fund's focus was not limited to small and medium-cap concept stocks.
But he thought the other party's strategy of only operating with the trend was correct.
However, now...
Seeing the 'Jinrongjie Fuxing Lu' fund forcefully locking 'Teli A' against the trend, not insisting on operating with the trend.
He instantly felt that his previous summary had suddenly become meaningless.
"It's the 'Jinrongjie Fuxing Lu' fund again."
Zhang Xinlei from 'Modu Jinling Lu' saw the daily trading summary list data disclosed for 'Teli A', and a very surprised expression also appeared in his eyes.
"How can this fund trade every kind of market? It's simply omnipresent!"
"Damn it... I didn't expect the 'Jinrongjie Fuxing Lu' fund to return to 'Teli A'!"
"Alas, I should have thought of it earlier. 'Teli A' was unearthed by the 'Jinrongjie Fuxing Lu' fund before, right? Holy crap... This isn't going to be a second wave, is it?"
"Since the main force attacking 'Teli A' today is the 'Jinrongjie Fuxing Lu' speculative fund, I'm afraid..."
He Chong said,
"The expectation for a second wave from the leader will be very strong. At least... many people paying attention to this stock right now should be thinking this way."
"Damn it, this advantage is entirely taken by the 'Jinrongjie Fuxing Lu' fund!"
"Although I really dislike 'Jinrongjie Fuxing Lu', this guy's market operations are just amazing. Logic, sentiment, hot spots... truly guided perfectly. And looking at the entire market, 'Teli A' should be the only stock with relatively high certainty tomorrow, worth speculating on. This guy created such a market trend that it truly makes one want to follow even if they don't want to!"
Zheng Zhongming saw the words 'want to follow even if they don't want to', and he also felt truly helpless in his heart.
Like everyone else.
Ever since he was harvested by the 'Jinrongjie Fuxing Lu' fund on 'Meiyan Jixiang' the last time.
He truly disliked this fund.
But just considering their market operation level today, he truly couldn't find any fault.
Moreover, just like everyone in the group said, looking at the entire market, currently, only 'Teli A' has the sentiment and expectation of concerted bullish fund action.
If he wanted to choose a trading opportunity during this period, he truly had no choice but to boost the 'Jinrongjie Fuxing Lu' fund.
Similarly, while the 'Gusu system' main speculative funds were in heated discussion.
In the internal groups of the 'Yuhang system', 'Fushan system', and 'Jinling system' main speculative funds, who had previously clashed with Su Yi on the market, many people also expressed similar sentiments.
Of course, at this moment.
As the main speculative fund on the second largest buying seat for 'Teli A' today.
Wang Zhongkai from 'Modu Liyang Lu', upon seeing the net buy amount of over 63 million from 'Jinrongjie Fuxing Lu' on the daily trading summary list seats disclosed for 'Teli A', was purely excited and thrilled.
Because he knew, based on the 'Jinrongjie Fuxing Lu' fund's current market influence.
The stock 'Teli A' will definitely have a significant premium tomorrow.
And he believed that if the 'Jinrongjie Fuxing Lu' fund could hold its position and not sell tomorrow, 'Teli A' continuing to hit the daily limit and creating a market expectation for a second wave from the leader was also possible.
As long as it can continue to hit two to three daily limits upwards.
He could use this wave of rebound to rescue his trapped high-position holdings and turn losses into profits.
"I hope the broader market trend will be better tomorrow, to slightly recover from today's market decline and generate a wave of bullish sentiment,"
Wang Zhongkai said hopefully.
"I also hope the 'Jinrongjie Fuxing Lu' fund won't crash the market tomorrow, allowing 'Teli A' to have another run."
Accompanied by his expectations.
In the evening, the regulatory authorities appropriately provided some explanations for the half-day announcement.
However, from the tone of the regulatory authorities' statements, everyone could still learn that the authorities' efforts in clearing off-market margin financing and strictly controlling market financial leverage had not lessened in the slightest.
And this also led to, amidst a chorus of curses and dissatisfaction from the vast retail investor community.
The investment sentiment of the entire market did not improve at all; instead, it exacerbated the panic among many on-market leveraged funds and margin financing funds.
Regarding this emotional performance of the market.
Su Yi, at this moment, actually welcomed it.
Because he had not yet completed building his positions and wanted to take advantage of the widespread panic selling by investors in the market to bottom-fish for more high-quality, "bloody" chips.
Originally, after market today.
He was also worried that his bottom-fishing positions on the 'lithium battery' concept theme line would be exposed by the daily trading summary list.
But as a result, due to too many stocks hitting the daily limit or having excessive volatility intra-day, the four stocks 'Tianqi Lithium', 'Ganfeng Lithium', 'Do-Fluoride', and 'Tianci Materials', despite hitting the daily limit, did not make the list, allowing his holdings in these four stocks to be perfectly hidden.
"Brother Su, your audacity is amazing!"
While he was browsing market information and observing the market sentiment trend through popular topics on major online stock investment forums, in the internal group of the 'Modu Chaoduan Bang' main speculative funds he belonged to, Xu Qiao, after reviewing the entire intra-day market trend and identifying the target stocks for tomorrow, couldn't help but tag Su Yi in the group again, saying,
"The popularity of 'Teli A' has risen. It's estimated that there's a high probability of a second limit-up tomorrow. Brother Su's this wave... is probably going to make a big profit again."
Originally today, he had a complete opportunity to follow the position and pursue.
But as a result... when he saw the plummeting Shenzhen Component Index, ChiNext Index, and the entire market trend showing reappearing liquidity, fearing a repeat of 'stock market crash 1.0' and 'stock market crash 2.0', he ultimately chose to give up and did not follow up with any positions.
Now, when he saw the market popularity of 'Teli A' soaring and saw Su Yi making a big move by buying over 63 million worth of chips.
Suddenly, he again felt a bit regretful.
Su Yi responded with a smile,
"Whether 'Teli A' can achieve a second limit-up tomorrow still depends on the concerted efforts of on-market funds; it's not a guarantee of big profits."
"A second limit-up is uncertain, but 'Teli A' opening with a significant premium tomorrow should be no problem,"
Old Wu from 'Yintai Lu' said.
"If the opening pattern is good and Brother Su is willing to lock his position, how about I, Old Wu, give you a boost?"
Su Yi replied with a smile,
"Then I definitely welcome Brother Wu!"
Brother Chen from 'Xinyue Lu' also said at this time,
"Given 'Teli A''s current market popularity and the psychological expectations of many retail investors for this stock, I feel that if there's a second limit-up, there will definitely be a third. If 'Teli A' has a chance to hit the limit tomorrow, I will also use 20 million funds to give it a boost."
"Welcome, Brother Chen,"
Su Yi continued with a smile.
Although in terms of his current total funds, the chips on 'Teli A' only accounted for about 11% of his total position, he was naturally very happy that people were willing to help boost it to expand his position's profits and maintain the market.
Just as more and more short-term investor groups in the market converged their attention on the stock 'Teli A'.
Accompanied by the continuous rise in the market popularity of 'Teli A'.
The next day, Tuesday, September 15th.
As expected, 'Teli A' opened significantly higher against the trend, amidst a general low opening in both markets.
Then, when both markets officially opened for trading.
After a brief dip and adjustment at the start of trading, 'Teli A' continued to be strongly attacked and bought by various bullish funds following the trend, continuously climbing upwards.
At 9:38 AM, only 8 minutes had passed since the opening of both markets.
'Teli A' then violently surged upwards to hit the daily limit with a high-open, strong-push trend.
At 9:39 AM, its stock price touched the daily limit.
At the same time, the ChiNext Index opened low and moved lower, with a decline already reaching 4.37%, while the Shanghai Composite Index also showed a low-open and moved lower pattern, with a decline approaching 3%.
Su Yi noticed 'Teli A''s stock price touching the daily limit, but did not follow the trend to hit the limit.
He just gazed at the 5.32% turnover rate displayed on the market for 'Teli A', slightly furrowing his brow and secretly thinking,
"The market turnover rate is too low. Hitting the limit at this time most likely won't hold."
Based on the trend of these few minutes after the opening.
He could feel that 'Teli A' had already consolidated the sentiment and expectation of concentrated bullish fund action.
Unfortunately, the broader market trend was truly too poor, and there was still a lot of panic selling.
Under such circumstances, without relatively sufficient turnover, the collective short-term main funds acting bullishly would not have a strong desire to lock the limit.
Indeed, as he sighed.
'Teli A''s stock price broke the limit and fell back in less than 5 seconds after touching the daily limit.
However, as its stock price broke the limit and fell back, the broader market indices of both markets, which had just vented a wave of panic selling, began to gradually rebound from their intra-day lows.
Afterward, accompanied by the volatile rebound of the indices.
The 'State-Owned Enterprise Reform' concept theme line also began to attract funds, continuing to lead the counterattack.
Consequently, under such a trend pattern.
At 9:52 AM, 'Teli A', which had been strongly consolidating in the 8% to 9.5% gain range, also once again, with the concerted efforts of various short-term main fund groups, directly surged to hit the daily limit.
At 9:53 AM, 'Teli A''s stock price touched the limit a second time and flash-locked the daily limit.
Su Yi saw that the market turnover rate for 'Teli A' had already approached 10% at this time, knowing that it would most likely be locked.
He then followed the trend by placing a 50 million yuan order at the daily limit position to maintain its market and to consolidate more follow-up funds to place orders and scramble for chips, preventing this stock from breaking the limit again when the subsequent broader market trend continues to weaken.
Because at this time, the market sentiment consolidated by 'Teli A' was at its strongest.
If it breaks the limit again... then the market sentiment for this stock will quickly turn from strong to weak.
Not only will the expectation of it being a leader be completely extinguished, but also, with the loss of money-making effect on the market, countless follow-up selling orders will surge on the market, quickly suppressing or even hitting the desire of funds to follow and go long on the market.
In other words, since the expectation has been created and the daily limit has been completely locked.
Then it absolutely cannot break the limit again.
(End of Chapter)
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