Su Yi watched "Teli A" hit a straight-line limit down, along with the significantly lower open of major market indices.
He felt no tension at all; instead, he believed there was a high probability the market would open lower and close higher today, regaining the ground lost in last Friday's correction.
This was because of "Teli A"'s resumption of trading and limit down.
For many active institutional funds in the market, this was an anticipated event.
This was also why many leading concept stocks in the "SME and ChiNext" sectors performed poorly last Friday.
Now, "Teli A" resumed trading and indeed hit a straight-line limit down.
However, this trend perfectly aligned with everyone's prior expectations for this stock.
This means that the bearish impact of this stock on the market was already fully reflected last Friday, as well as in the current overall lower open of the market.
This is somewhat akin to negative news that has materialized, which paradoxically tends to stimulate bullish sentiment in the market.
"The straight-line limit down trend of 'Teli A' should be an expected event, right?"
While Su Yi was deep in thought, Old Zhang from 'Xinzhalu' in his 'Modu Chaoduanbang' institutional investor group said,
"Since it's an expected event, why is its impact on the market's trading trend still so significant?"
"This is the emotional influence of the market's overall concept leader!"
Old Wu from 'Yintailu' exclaimed,
"Although 'Teli A''s limit down today was expected, the panic selling it triggers still needs to be released."
"Over 500,000 lots of limit down locked orders..."
Xu Qiao said,
"This stock 'Teli A' must be doomed, right?"
Brother Chen from 'Xinyuelu' pondered for a moment and said,
"Whether it's doomed or not, at least with this volume of locked orders, it definitely won't start a rally without three to five more limit downs. The 'Qilubang' funds will have a tough time escaping this without shedding a layer of skin."
"If 'Teli A' continues to hit limit downs, the short-term speculative sentiment of the entire market probably won't be good either,"
Old Zhang from 'Xinzhalu' said.
"Looking at the feedback from the trading trends of all the leading concept stocks across the market's major themes, it's clear... 'Teli A' remains the market's sentiment barometer. If this stock can't stabilize, the high potential for short-term speculation in the market will also be difficult to unlock."
"Not necessarily,"
Su Yi glanced at the messages in the group and replied,
"Once bad news has materialized, it's no longer bad news."
"Brother Su means..."
Old Wu from 'Yintailu' heard Su Yi's words, and a thought flashed through his mind, saying,
"The limit down trend of 'Teli A' upon resuming trading won't have a big impact on the market trend?"
"It shouldn't have too much of an impact,"
Su Yi said,
"Today's limit down of 'Teli A' upon resuming trading was entirely expected, and the market trend last Friday had already reacted to it. Today's widespread lower open further fully reflected this expectation.
Coupled with the market's inherent strong bullish sentiment, at this time... as long as there are funds driving the market and creating localized profit-making opportunities, it will easily reverse the current lower-open situation."
"What Brother Su said seems to make some sense!"
Brother Chen from 'Xinyuelu' continued to ponder for a while, saying,
"When all bearish news is out, it's bullish news; there is indeed such a possibility."
"Anyway, today, 'Teli A' is definitely not to be touched, right?"
"A straight-line limit down with no volume, anyone who buys is a fool?"
"It looks like the 'lithium battery' concept remains the strongest. By the way... Brother Su, do you still hold positions in 'Duofu Duo'?"
"It looks like the market is heading for a big decline today, can it really reverse?"
"Does Brother Su think now is a good time to increase positions and go long?"
Xu Qiao thought for a moment about Su Yi's logic and asked,
"Then Brother Su, which concept theme do you think has more breakout potential?"
Su Yi smiled and replied,
"Which specific concept theme has more breakout potential, that's a matter of opinion, 'the benevolent see benevolence, and the wise see wisdom.'"
Regarding the direction of the broader market and the overall market sentiment.
He could say a few more words.
But when it came to specific concept themes and the selection of their targets, he couldn't say much.
After all, his influence was already considerable.
In such a situation... if he was right and everyone made money, that would be fine.
But if he was wrong and everyone lost money, they might blame him for their losses.
Therefore, he would absolutely not do such thankless tasks.
While he was simply replying to messages in the group.
Unbeknownst to them, the market had already passed 9:30 and entered the official continuous bidding trading session.
After a brief five minutes of emotional brewing.
Immediately after opening, the major indices were suppressed by concentrated selling pressure, falling to nearly 1% below the opening price.
At the same time, several major concept themes highly watched by market investors, such as 'SOE Reform', 'Lithium Battery', 'Securities Finance Holdings', 'Sub-new Stocks', 'Internet Finance', etc., their related sector indices and associated concept stocks all rapidly plummeted.
Under such a swift dive.
At 9:36, just 6 minutes after opening, the Shanghai Composite Index had dropped to 1.17% down, completely closing the gap from after the National Day holiday.
However, the relatively stronger ChiNext Index and SME Board Index.
Still maintained the upward gap from October 8th, showing no signs of fully filling the gap.
Then, facing the Shanghai Composite Index which had fully filled its gap, and the major popular concept stocks still falling, more and more retail investors began to sell off their shares.
At the same time, the number of limit down locked orders for 'Teli A' also surged again.
Reaching a scale of 650,000 lots.
Afterwards, under heavy selling pressure, at 9:42, the Shanghai Composite Index's decline further widened to 1.32%.
Then, just as everyone thought the Shanghai Composite Index would continue to fluctuate downwards, retesting the 3000-point support level below...
At 9:46, 'Big Finance' suddenly made an unusual move.
In an instant, a large group of major buying funds poured into the 'Securities' sector, rapidly turning the 'Securities' sector index and its core stocks red.
Among them, the sub-new brokerage stock 'Dongxing Securities' surged straight up, exploding with over 100 million in turnover within one minute, rushing to around a 5% gain.
At the same time, as 'Big Finance' made its move.
Core stocks in the 'Internet Finance' sector, 'Tonghuashun' and 'Dongfang Wealth', also surged rapidly, turning red and rising with lightning speed.
"Holy shit, what's going on? Has the 'National Team' come out to work again?"
Noticing the unusual movement of the heavyweight core theme 'Big Finance', Zhao Qiang, who was also monitoring the trends of the two major markets and their popular individual stocks, constantly looking for trading opportunities, couldn't help but exclaim in confusion in the 'Yuhang Group' institutional investor group.
"With 'Dongxing Securities' and 'Ha Investment Capital' leading the charge, it looks like... it shouldn't be the 'National Team'."
"Won't there be any good news?"
"'Dongxing Securities' is so strong? Damn... it's almost limit up!"
"The 'Sub-new Stocks' concept theme is being led by 'Dongxing Securities'," said Sun Chengyu, who also noticed the unusual market movement. "The fact that the two markets can be so easily driven up suggests that the overall selling pressure isn't as great as we expected."
"Brother Sun, do you mean... we can go long?"
Zhao Qiang asked.
Sun Chengyu firmly replied,
"I think absolutely."
"But which line should we follow?"
Zhao Qiang frowned slightly,
"We can't just follow 'Securities', can we? Every time the securities sector makes a move, it feels like a pump and dump."
"Clearly the 'Sub-new Stocks' line!"
Sun Chengyu said,
"I think 'Dongxing Securities', 'Tiancheng Zikong', 'Yishang Zhanshi'... these stocks can all be played."
Saying this, he didn't hesitate to pour several million yuan into 'Dongxing Securities'.
"The 'Sub-new Stocks' concept theme?"
Zhao Qiang pondered briefly.
Just as he was thinking of taking a small position to try.
Unexpectedly, by the time he came to his senses, 'Dongxing Securities', the stock that had triggered the unusual movement in the 'Securities' and 'Sub-new Stocks' sectors, had already hit the limit up.
"Damn it, so aggressive?"
He was clearly surprised and quickly placed an order to snatch up shares.
Unfortunately, by the time he completed his order, 'Dongxing Securities' had already firmly locked at its limit up, preventing him from getting any shares.
And after 'Dongxing Securities' firmly locked at its limit up without any resistance.
Under its influence, the 'Sub-new Stocks' sector exploded even more rapidly.
'Tiancheng Zikong', 'Yishang Zhanshi', 'Penghui Energy', 'Tianci Materials', 'Yinghe Technology', 'Xiandao Zhinen'... and a host of other sub-new stocks all showed a trend of rapid surge and turning red.
Furthermore, the surge in volume of these popular sub-new stocks.
Indirectly affected the trends of concept themes such as 'Virtual Reality', 'Industry 4.0', 'Lithium Battery', etc., driving a large number of related stocks.
Thus, under the continuous drive of these stocks.
At 9:57, the Shanghai Composite Index successfully recovered most of its intraday losses, while the ChiNext Index and SME Board Index even approached turning positive.
"Wow... market sentiment is reversing!"
Noticing the rapid rebound in the two major markets and the market condition where many concept stocks were turning red and rising, Zhang Xinlei from 'Modu Jinling Road' in the 'Gusu Group' internal investor group exclaimed,
"It feels like the broader market can't fall further, and selling pressure isn't strong, so it can be driven up."
"I feel it too,"
Old Qian from 'Yuhang Wenhuatou' responded.
"The bearish pressure from 'Teli A''s limit down upon resumption of trading should have been resolved by that sharp drop in the early morning. We can go long here... it's just that the targets are hard to choose. Currently, the strongest hot spot and emotional core should be the 'Sub-new Stocks' line."
"The market's bullish sentiment is indeed fully recovering."
Zheng Jinming from 'Gusu Renmin Road' also said at this time.
"Old Zheng, do you have the guts to play 'Meiyan Jixiang'?"
Amidst their brief discussion, He Chong from 'Gusu Xibei Street', a core figure in the 'Gusu Group' institutional investors, looked sharp and @Zheng Jinming, saying,
"If we talk about the market's popular core stocks, the most recognizable one right now, besides 'Teli A', has to be 'Meiyan Jixiang', the leading stock in the 'Securities Finance Holdings' and 'Pension Fund Holdings' concept themes.
Since the market's bullish sentiment has fully recovered, this stock can definitely be played, and it can definitely quickly gather a following from active market funds."
"Heh heh, we're on the same page,"
Zheng Jinming replied,
"In one word, let's just go for it!"
Saying this, without waiting for He Chong's reply.
His gaze quickly turned to the real-time trading interface of 'Meiyan Jixiang', and at the same time, his fingers typed on the keyboard, placing a buy order of 10 million in market price.
As his 10 million capital suddenly struck the trading board of 'Meiyan Jixiang'.
The stock price of 'Meiyan Jixiang' instantly surged upwards.
In just about 30 seconds, it jumped from nearly 2 percentage points below the opening price to the positive territory.
"Good heavens, you're even faster than me,"
He Chong complained, noticing the unusual movement of 'Meiyan Jixiang'.
He also rapidly placed buy orders to go long, aggressively buying shares on its trading board and pushing its stock price up,
"Old Qian, Old Zhang, assist!"
"Okay!"
Old Qian and Zhang Xinlei in the small group responded.
Immediately, a massive amount of primary buying funds followed suit, pouring into the trading board of 'Meiyan Jixiang'.
Subsequently, as the clock passed 10:00 AM.
The stock price of 'Meiyan Jixiang', having exploded with hundreds of millions in volume in a short period, had climbed all the way to a 5% gain, and briefly topped the real-time gainers list of both markets.
'Meiyan Jixiang' already had extremely high market attention and discussion popularity.
Now, under the offensive of massive primary buying funds, it also topped the real-time gainers list of both markets.
This caused its market attention to surge even more rapidly, instantly attracting the attention and follow-up buying of countless short-term fund groups in the market.
"Could 'Meiyan Jixiang' really be about to repeat history, replicating 'Teli A''s speculative path?"
After 'Meiyan Jixiang' exploded with over 800 million in volume in a short time, its stock price surged continuously, rapidly reaching a 7% gain.
At 10:17, in the VIP independent trading room of Huaxin Securities Modu Gubei Road Branch, Shao Zhengbang, a well-known institutional investor in the market, was visibly surprised for a moment.
He pondered for a bit, thinking,
"Regardless of whether it can repeat its previous historical trend, the current trading pattern of this stock and its capital following effect are incredibly strong. Ugh... never mind for now, I'll follow with a few hands to try. If it doesn't work out, with good market sentiment, I probably won't lose much money."
Thinking this...
Without waiting for 'Meiyan Jixiang' to have sufficient turnover before hitting limit up.
His over 30 million funds were all poured out, aggressively buying up 'Meiyan Jixiang' shares at a high point during the trading day.
And with his continuous aggressive buying.
The stock price of 'Meiyan Jixiang' only briefly stayed at the 7% gain mark for a moment, then continued to surge towards the limit up at rocket speed.
(End of Chapter)
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