After placing the buy orders to maintain the limit up of 'Teli A', Su Yi turned his attention to the 'lithium battery' main sector.
The four stocks, 'Tianqi Lithium, Ganfeng Lithium, Duoflodo, and Tianci Materials', continued to fall amidst the weak oscillations of the index.
Su Yi didn't care about the market performance of these stocks.
As long as there were selling orders on the market, he would place corresponding orders to buy them at market price.
He would buy as much as there was, rejecting none.
However, his method of buying orders was soon noticed by the main funds trapped in 'Tianqi Lithium' and 'Ganfeng Lithium'.
"General Manager Lu, there's unusual activity on the market for 'Tianqi Lithium' and 'Ganfeng Lithium'."
In a commercial building in Lujiazui Financial City, Modu, just a few hundred meters from Su Yi's 'Huaxin Securities Modu Financial Street Fuxing Road' branch, within Jufeng Asset Management Co., Ltd.'s fund trading room, Yu Xiaolu, the core trader for the 'Jufeng Future Growth' fund product, quickly reported after discovering the unusual market activity.
"What kind of activity?"
Lu Xiangxiang, the owner, general manager, and fund manager of 'Jufeng Future Growth' at Jufeng Asset Management Co., Ltd., quickly asked.
Yu Xiaolu continued to stare at the market trend of 'Tianqi Lithium' and 'Ganfeng Lithium' and the changes in real-time transaction orders on the screen, replying,
"It feels like a fund is continuously bottom-fishing, constantly taking on the panic-selling chips on the market. However, their motive and strength are still unknown."
"Let me see..."
Upon hearing Yu Xiaolu's words, Lu Xiangxiang quickly switched the trading room's large screen to the real-time transaction interface for 'Tianqi Lithium' and 'Ganfeng Lithium'.
A few minutes later, when she observed the panic-selling chips on the market.
They were indeed being silently absorbed by a fund.
She pondered for a moment, then said,
"Let's try to pull it up a bit and see if this bottom-fishing fund follows. If it does... it indicates that this fund's desire to accumulate chips and its market intentions are significant, so we can wait a bit longer before considering stop-loss.
If this fund doesn't follow, it means the other party has no desire or intention to manipulate the market, or it's just small speculative funds tentatively buying at the bottom, hoping for a rebound."
"Understood!"
Yu Xiaolu responded.
Immediately, seizing the moment when selling pressure on the market was not heavy, she quickly pulled the price upward, drawing a straight upward intraday line.
Su Yi noticed the unusual intraday movement of 'Tianqi Lithium' and 'Ganfeng Lithium'.
He was slightly surprised.
But he looked at the overall market trend and the general market sentiment, and did not rashly follow suit to snatch up chips.
"General Manager Lu, no funds followed."
Yu Xiaolu saw the momentarily pulled-up stock price quickly pushed down again by continuous selling on the market, and couldn't help but say.
Lu Xiangxiang nodded slightly and said,
"It seems to be just small speculative funds hoping for a rebound. In that case... there's no need to hesitate, let's continue with the stop-loss. Looking at today's market conditions, the market isn't going to get better; it's likely to continue falling sharply.
Alas... this round of betting on the expected reversal of 'lithium batteries' and 'new energy industries' was truly a failure. We should have stuck with the 'big finance' main sector."
More than a month ago, she acted on inside information.
She adjusted the main positions of the 'Jufeng Future Growth' fund product she managed to the 'lithium battery' and 'new energy industry' main sectors.
She had originally planned to make a huge profit by riding the coattails of policy.
To quickly recover the losses incurred during 'Stock Market Crash 1.0'.
However, she didn't expect that after adjusting positions, not only did she fail to make a big profit, but she also stepped on the huge landmine of 'Stock Market Crash 2.0'.
Later, major policies for the 'new energy industry' and 'lithium battery' sectors did emerge, but the entire main sector, despite her strong anticipation, only rebounded for two trading days before dying down.
Now... with the market's liquidity crisis resurfacing, several high-quality main sector stocks she heavily invested in have fallen below their previous adjustment lows.
Facing the significantly retracted net value of the fund product.
And the fragile, utterly weak 'lithium battery' and 'new energy industry' sectors, which performed worse than the overall market trends in both cities.
She finally had to harden her heart and drastically cut her positions.
"No one expected that after the market had fallen to this point, there would be another round of stock market crash,"
Yu Xiaolu said, comforting her while continuing to cut positions and sell chips.
"Actually, our fund is still relatively good, only down a little over 50%. Many other similar equity funds are left with only 20% or 30% of their net value."
"Alas..."
Lu Xiangxiang heard her words but didn't feel comforted, just sighed helplessly.
It could only be said that fortunately, she had a good husband and a good brother-in-law, and thus many connections within the financial system, which allowed investors who had lost more than half their money to still believe she could reverse the performance predicament.
Otherwise, purely based on performance.
She estimated that investors would definitely explode and demand liquidation.
Therefore, to reverse the performance, her recent pressure was also considerable, but alas... the more anxious she became, the worse the market trend turned out to be.
As she sighed.
The major indices in both markets, after a brief rebound, plunged into a new round of panic selling.
And as the afternoon approached, market panic intensified, all 'SME and ChiNext' stocks once again faced a liquidity crisis, with their prices plummeting towards the limit down.
Lu Xiangxiang saw the market liquidity in both cities rapidly diminishing.
And this time, even the heavyweight stocks on the main board couldn't hold on, all experiencing extreme declines.
So, she gritted her teeth and finally made a one-click stop-loss move, liquidating all her holdings in 'lithium battery' and 'new energy industry' sectors that had lost market liquidity.
During her extreme selling.
Su Yi noticed that the prices of the two core stocks, 'Tianqi Lithium' and 'Ganfeng Lithium', plummeted in a straight line, heading directly for the limit down.
He paused for a moment, not acting rashly.
It wasn't until 2:45 PM when 'Tianqi Lithium' and 'Ganfeng Lithium' once again hit the limit down due to a lack of market liquidity.
Only then did Su Yi, in one breath, inject all of his remaining 200 million funds.
He swept up all the pending orders on the market for 'Tianqi Lithium' and 'Ganfeng Lithium', completing his final position-building plan.
When he had used his funds until only the 50 million sealed in 'Teli A' remained, all the panic-selling orders that were suppressing the prices of 'Tianqi Lithium' and 'Ganfeng Lithium' on the market had been absorbed by him, opening their stock prices from the limit down and pulling them back to around a 7% decline.
At the same time, to prevent running out of funds later.
Su Yi also directly contacted Fu Guoxiang, asking him to help activate his account's margin financing privileges and to provide him with the most favorable financing rate.
"Damn, I think I sold incorrectly!"
Noticing the large capital's aggressive buying in 'Tianqi Lithium' and 'Ganfeng Lithium'.
Lu Xiangxiang suddenly realized her mistake.
But by this time, it was almost closing, and all the orders she had placed through her trader had already been bought out.
It was too late to cancel them.
Her heart sank, and she felt so angry she wanted to curse.
(End of chapter)
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