"I really didn't expect that 'Meiyan Jixiang' stock would actually become the market's sentiment indicator and the overall concept leader."
Facing such closing results for both markets, Xu Qiao exclaimed in surprise after a brief review in Su Yi's 'Magic City Ultra-Short Gang' main speculative capital group.
"I said in the morning trading that this stock had a high probability of rising again with the combined strength of various funds in the market,"
responded Brother Chen from 'Xinyue Road'.
"Although 'Teli A', the overall market concept leader stock, has been suspended, its demonstrative effect still exists. This provides impetus and expectations for a second round of speculation for many previous concept leader stocks in the current market.
Among these many previous concept leader stocks, 'Meiyan Jixiang' is undoubtedly the most recognizable and most capable of attracting combined capital among these concept leader stocks."
"Brother Chen's logical deduction is truly impressive,"
said Lao Zhang from 'Xinzha Road'.
"How much did Brother Chen buy?"
asked Lao Wu from 'Yintai Road'.
Brother Chen replied,
"I put in about 25 million in capital, but unfortunately, the intraday entry point wasn't great, so I didn't harvest much intraday profit."
"Brother Chen, you're awesome,"
Xu Qiao said,
"I hesitated for a moment and only managed to get 7 million in chips on the limit up board. When I tried to buy more later, my order hung for a whole day but couldn't be filled."
"Speaking of which, the trading volume of 'Meiyan Jixiang' today was quite large,"
said Lao Zhang from 'Xinzha Road'.
"Does it feel a bit too much?"
Brother Chen said,
"I actually think that at this position for 'Meiyan Jixiang', the larger the volume, the better."
"Why?"
Lao Zhang asked.
Brother Chen replied,
"The previous round of 'Meiyan Jixiang' speculation ended just as it encountered the market's 'stock market crash 2.0' impact. The top chips were locked in the market by continuous limit-downs without any change of hands.
At this point, 'Meiyan Jixiang''s stock price is at an absolute low compared to the peak of the last round of speculation. If there can be sufficient volume and change of hands here, it indicates that the chips accumulated at its peak are being sold off in large quantities.
When most of the top chips are sold off, it means that the massive amount of trapped capital accumulated in the earlier stage is being fully digested by the newly incoming funds. This reduces the pressure on the stock price's subsequent rise and is more conducive to the stock's market performance and the expansion of its speculative height."
"It feels a bit similar to the previous speculation path of 'Teli A',"
said Lao Wu.
Brother Chen nodded slightly, then said,
"'Meiyan Jixiang' was originally a substitute for 'Teli A', the concept leader. Their logical expectations are consistent, so their market trends will naturally be relatively consistent."
"But 'Meiyan Jixiang''s circulating share size is much larger than 'Teli A's',"
said Lao Zhang.
"I feel this stock won't reach the speculative height of 'Teli A'."
Brother Chen said,
"There's no need to reach the speculative height of 'Teli A'. As long as the overall market's bullish sentiment supports it, two or three limit-ups are enough to make a big profit. My expectation for 'Meiyan Jixiang' is not to imagine too much, just two or three limit-ups of space."
"Since it's being speculated on as a substitute for 'Teli A'..."
said Lao Wu,
"I'm afraid when 'Teli A' resumes trading, 'Meiyan Jixiang' will have a hard time continuing to rise, right?"
"Yes, if 'Teli A' resumes trading, 'Meiyan Jixiang''s market trend will definitely depend on 'Teli A''s trend,"
Brother Chen said.
"Although 'Teli A' has been suspended, it is undoubtedly still the stock with the highest investor attention in the entire market and has the biggest impact on short-term speculative sentiment."
"Speaking of which, 'Meiyan Jixiang' is also Brother Su's beloved stock,"
said Lao Zhang.
"Previously, Brother Su decisively attacked and led the second wave of 'Teli A''s market trend. Now... I wonder if Brother Su has made another comeback on 'Meiyan Jixiang'."
"Hard to say,"
Xu Qiao replied.
"Today, 'Meiyan Jixiang' saw a total turnover of nearly 2.7 billion yuan, and the net inflow of main funds reached 110 million yuan. With such a trend and market performance... it's certain that there were definitely many powerful speculative funds in the industry primarily attacking this stock today."
"The 'Dragon and Tiger List' for 'Meiyan Jixiang' today should be very exciting, right?"
said Lao Wu.
"Not just 'Meiyan Jixiang'..."
said Lao Zhang,
"'Duofoduo' also hit the limit-up today. However, the main funds attacking 'Duofoduo' were not as resolute in their attitude towards sealing the limit, and the sealing strength was far weaker than 'Meiyan Jixiang'."
"I feel that 'Duofoduo' is probably still dominated by institutions, right?"
Lao Wu interjected.
"This kind of trend doesn't really look like the result of combined efforts by speculative funds in the industry."
"Whether it is or not, it will be clear once the Dragon and Tiger List comes out later."
"Is anyone paying attention to 'Tonghuashun'? Its trend also seems incredibly strong."
"For the concept leader in the 'sub-new stock' sector, do you think it should be 'Tiancheng Zikong' or 'Yishang Zhanshi'?"
"I feel that 'Yishang Zhanshi' is stronger than 'Tiancheng Zikong', right?"
"But what's the logic behind the speculation for 'Yishang Zhanshi'?"
"It seems to be the newly booming 'virtual reality' concept in overseas markets during the National Day holiday, right?"
Along with everyone's fierce discussions during the after-hours session and the review analysis of strong individual stocks for the day...
Soon, it was 5 PM, and the Dragon and Tiger Lists for both markets refreshed.
Amidst widespread attention, 'Meiyan Jixiang', 'Duofoduo', 'Tonghuashun', 'Yishang Zhanshi', 'Chuansheng Jiuzhou'... several concept leader stocks that market investors focused on, all made it onto the list.
According to the specific buy and sell data disclosed for several concept leader stocks on the Dragon and Tiger List,
it can be seen that the main buying force for 'Meiyan Jixiang' was primarily 'Yuhang-based' speculative funds.
Among them, the two major seats of 'Qingchun Road' and 'Shaoxing Branch' were both on the list.
Of course, 'Xinyue Road', which made a large purchase today, also ranked among the top five buying seats.
The intraday main buying force for 'Duofoduo'
was indeed led by institutions, as expected by everyone, with two institutions jointly buying 129 million chips.
As for the three stocks 'Tonghuashun', 'Yishang Zhanshi', and 'Chuansheng Jiuzhou', some were mainly attacked by 'Foshan-based' funds, others by 'Jinling-based' funds, and also by the well-known 'Magic City Gubei Road' seat...
Overall, based on the buy and sell data from the Dragon and Tiger Lists disclosed by both markets,
both the number of listed stocks and the number of listed well-known speculative fund seats were much higher than before the National Day.
This indicates that after the National Day holiday sentiment accumulated, the short-term speculative sentiment in the entire market is rapidly recovering, and investors' risk appetite is also rising.
However...
What surprised everyone was that 'Financial Street Fuxing Road', a legendary seat that had been extremely active in recent months, did not appear on the Dragon and Tiger Lists of both markets today.
"Huh... where did the funds from 'Financial Street Fuxing Road' go?"
Noticing that the funds from 'Financial Street Fuxing Road' were absent from the listed concept leader stocks in both markets, Zhao Qiang from the 'Yuhang-based' main speculative fund group asked in extreme bewilderment.
He had originally thought that 'Financial Street Fuxing Road' funds would be among the main attacking funds for 'Meiyan Jixiang' today.
Unexpectedly, they didn't follow the trend and speculate on this stock at all.
"Maybe they're resting, holding no positions!"
others in the group responded.
"Impossible, the funds from 'Financial Street Fuxing Road' have an extremely keen sense for market trends. Today, several major indices all showed bullish sentiment and market expectations, and all maintained their upward gaps.
This is the beginning of a clear market reversal... According to the previous trading style of 'Financial Street Fuxing Road' funds, there's no reason they wouldn't notice this, and no reason they wouldn't follow the trend to harvest market profits."
"But on the Dragon and Tiger Lists of both markets, 'Financial Street Fuxing Road' funds are indeed nowhere to be seen!"
"The last time 'Financial Street Fuxing Road' appeared on the Dragon and Tiger List was before the National Day, when they heavily increased their holdings in 'Duofoduo'. Does this mean that the main trading direction for these funds is currently the 'lithium battery' concept theme? Have they put all their funds into the 'lithium battery' main theme?"
"That's even more impossible. Why would they abandon good themes just to compete with institutions?"
"Alas, ever since the 'Financial Street Fuxing Road' funds exited 'Teli A', I haven't been able to understand their operations."
"It's normal not to understand. Even the most powerful speculative funds cannot always hit the market's core leaders."
"The funds from 'Financial Street Fuxing Road' should still be in 'Duofoduo',"
Sun Chengyu also said after pondering for a while.
"I just don't know what their specific position is in 'Duofoduo', or even in the 'lithium battery' concept main theme."
"Brother Sun, what's your view on the 'lithium battery' sector?"
Seeing Sun Chengyu's comment in the group, Zhao Qiang quickly asked.
Sun Chengyu thought for a moment and said,
"I haven't thoroughly researched fundamentals. Industry fundamental shifts and cyclical reversals... these are likely areas where institutions excel in research. I think... we don't need to pay too much attention to the movements of the 'Financial Street Fuxing Road' funds.
Just follow market sentiment. Wherever it's easiest to gather bullish sentiment and easiest to consolidate market capital, that's where we should focus our efforts. Currently, before 'Teli A' resumes trading, 'Meiyan Jixiang' is undoubtedly the core target for market sentiment feedback and the most recognizable concept leader in the entire market.
Given this, we won't go wrong speculating on this stock. As long as the overall market situation isn't too bad, 'Meiyan Jixiang' should be able to produce a sustained rally."
"Hmm, I think so too,"
said Zhao Qiang.
"It's just... I'm worried that after 'Teli A' resumes trading, it will drag down the performance of 'Meiyan Jixiang'."
Sun Chengyu said,
"Therefore, we can only participate before 'Teli A' resumes trading. After 'Teli A' resumes, we will have to temporarily stay away from this stock.
After all, judging from 'Teli A''s intraday trend before its suspension, and the emotional expectations for it after its suspension, it will certainly be difficult for this stock to avoid a sharp decline after resuming trading; it will most likely experience consecutive limit-downs.
This will inevitably affect the short-term bullish sentiment of the entire market. This will lead to other concept leader stocks, which relied on the 'Teli A' speculation logic, experiencing sharp fluctuations or following suit with large declines."
"I also expect 'Teli A' to have continuous limit-downs upon its return,"
said Zhao Qiang.
"However, the last time 'Meiyan Jixiang''s stock price surged consecutively was based on the end of 'Teli A''s market trend. I wonder if it can replicate the trend of the last round this time?"
"It's probably difficult,"
Sun Chengyu said.
"The logic and expected conditions are already different compared to last time."
Zhao Qiang replied,
"In that case... it seems we can't have too high expectations this time."
Thinking this, he decided that if 'Meiyan Jixiang' could open significantly higher tomorrow and create profit space, he would liquidate his position to lock in profits and quit while he was ahead.
After all, tomorrow would be followed by the weekend.
There was a certain degree of uncertainty in the market news.
And also... he had a premonition that 'Teli A' was highly likely to resume trading.
Amidst his analysis and the formulation of his subsequent trading plans,
In the evening, the overseas markets ended their continuous bullish rally during the National Day holiday, experiencing a slight pullback.
This led to both markets opening slightly lower the next day, Friday, October 9th, following the external market trend, giving back some of the gains from the previous day's limit-ups.
And what was quite surprising to everyone was...
the stock 'Meiyan Jixiang', which had displayed a strong limit-up yesterday and led a counter-attack and surge among various concept leader stocks.
It surprisingly did not show a large premium effect from opening significantly higher; instead, it followed the performance of the broader market indices in both markets, forming a slightly lower opening trend.
"Damn... no premium, what's going on?"
Seeing that 'Meiyan Jixiang', this concept leader stock, didn't even open higher, Xu Qiao showed an extremely astonished expression in Su Yi's 'Magic City Ultra-Short Gang' main speculative capital internal group.
"'Meiyan Jixiang''s opening pattern is severely below expectations,"
Lao Wu from 'Yintai Road' lamented, even though he didn't hold any shares of this stock.
"How could the selling pressure on the market be so heavy? How could the divergence between bulls and bears be so wide? This is only the first limit-up; looking at this opening pattern... it feels like there's no hope for consecutive limit-ups."
Brother Chen from 'Xinyue Road' glanced at the meager profit figures in his holding account and was also puzzled by 'Meiyan Jixiang''s opening pattern.
After pondering for a while, he said,
"Alas... I really didn't expect it to open lower. What's the logic behind the funds dumping the stock?"
"Is it possible..."
Lao Zhang from 'Xinzha Road' paused, then said,
"that many main speculative funds that newly intervened yesterday were disappointed with the stock's Dragon and Tiger List performance yesterday, and coupled with no significant positive news support overnight, they decisively dumped their shares and exited?"
"There should be reasons in that regard,"
Xu Qiao pondered for a moment and said,
"I saw many investors discussing in the market, all thinking that yesterday's limit-up of 'Meiyan Jixiang' was led by Brother Su's 'Financial Street Fuxing Road'. Unexpectedly... it turned out to be the two major seats of 'Qingchun Road' and 'Shaoxing Branch'."
Lao Wu said,
"Actually, the two major seats of 'Qingchun Road' and 'Shaoxing Branch' are also considered good main speculative funds in the market."
"They are good,"
Xu Qiao said,
"But when compared to the 'Financial Street Fuxing Road' that everyone expected from Brother Su... it naturally feels below expectations."
"Alas... it seems that without the boost from Brother Su's 'Financial Street Fuxing Road' trading seat, it will be difficult for 'Meiyan Jixiang' to achieve sustained profit-making effects and a second wave of explosive consecutive rallies like 'Teli A',"
Brother Chen said.
"Too little capital is locked up, the circulating shares are so large, it can't create a premium effect, and then no more funds will dare to follow suit and go long."
"It seems... we can only follow the trend, dump the shares, and exit,"
Xu Qiao said.
"Fortunately, not many chips were involved this time, so there's no significant loss to speak of. It was just a lot of effort analyzing, only to buy nothing, not earning a single bit of profit."
During their brief conversation,
the market had already entered the period after 9:30 AM.
Before many could react, 'Meiyan Jixiang' plunged below the opening price shortly after the market officially opened, and then maintained weak fluctuations underwater.
Xu Qiao, without hesitation, dumped the chips he had acquired on yesterday's limit-up board.
As for Brother Chen, he waited patiently for a while.
After 10 AM, 'Meiyan Jixiang''s market trend still showed no improvement, and the net outflow of main funds grew larger and larger.
Only then did he sigh helplessly again and cut all the chips he had intervened with yesterday.
By this point, not only did the two not make any profit on this stock, but they also incurred a slight loss, completely missing out on the post-holiday market surge.
In contrast, Su Yi's heavily held core stocks in the 'lithium battery' main theme,
'Duofoduo', although its market trend appeared precarious, was able to continuously hit new highs through successive volatile turnovers, supported by sustained buying funds, and led a host of other stocks like 'Tianci Materials', 'Tianqi Lithium', 'Ganfeng Lithium'... to grow stronger and stronger.
Of course, even though these core 'lithium battery' main theme stocks were still rising against the trend,
the divergence between bulls and bears in their market trends was still very significant.
Especially many retail investors with limited understanding of industry and company fundamentals did not fully agree with the logic of fundamental reversal for the industry and companies, given the absence of new price increase news for 'lithium carbonate' and 'lithium hexafluorophosphate'.
Therefore, they were still aggressively selling off chips at high points, believing they had made a profit.
Amidst these differing perceptions and conflicting bullish and bearish views among retail investors, active speculative funds, and main institutional groups,
Su Yi's position size and personal assets continued to reach new highs.
As for the broader market index,
under the influence of overseas market trends, the uncertainty of weekend news, and the worry that 'Teli A' might soon resume trading,
it all showed a clear pullback pattern.
Among them, the Shanghai Composite Index retested the post-holiday gap, almost shattering the bullish sentiment that had just managed to gather.
After the market closed, with the refreshing of the Dragon and Tiger Lists,
everyone saw that the main funds that had intervened in 'Meiyan Jixiang' yesterday had all exited.
Moreover, on the Dragon and Tiger List, most of the well-known speculative fund seats that had aggressively increased their holdings yesterday showed large-scale net selling today.
Facing this situation,
just as the broad retail investor community did not understand the large-scale reduction in positions by the main speculative funds,
at 6 PM, 'Teli A', which had been suspended for several trading days, finally issued another announcement, stating that it would resume trading next Monday, October 12th.
At this point, everyone finally understood.
To welcome the return of the 'Demon King', all concept leader stocks in the market had voluntarily pulled back, giving up their positions as the overall leaders in both markets in advance, and also avoiding the negative impact brought by 'Teli A''s resumption of trading.
"Is this the prestige of the overall concept leader in both markets?"
Seeing that less than half an hour after 'Teli A' announced its resumption of trading, its market attention and discussion popularity had soared to the top spot among all individual stocks in both markets, countless people sighed with emotion.
Su Yi was also surprised at heart to see the market popularity of 'Teli A' stock.
But even with such fervent market attention and discussion, it could not reverse the stock's destined trend.
After two days of heated discussion,
when Monday, October 12th, truly arrived,
with all other concept leader stocks in the market temporarily avoiding the limelight, countless market investors focusing their attention, and all eyes gathered,
'Teli A' directly hit the limit-down with an order block of over 500,000 lots, locking it at the limit-down.
It showed a straight limit-down pattern.
It once again plunged the already weak market, as well as a host of follow-up stocks that had rebounded based on 'Teli A''s speculation logic, into the abyss.
Causing the broader market indices of both markets, and many 'SME Board and ChiNext' concept stocks to open lower across the board.
(End of Chapter)
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