Amidst everyone's converging gazes and heated discussions.
In the evening, on the news front, the regulatory authorities, in order to protect the hard-won market rebound, continued to release some positive news to the market, and stated that to prevent another liquidity crisis and continuous stock market crashes, the leaders of the regulatory authorities, after deliberation in a meeting, decided to formulate a 'circuit breaker mechanism' in accordance with foreign market trading rules.
Regarding the 'circuit breaker mechanism' mentioned by the regulatory authorities, everyone was naturally unconcerned.
After all, whether a change in mechanism could lead to a good market trend was unknown and unpredictable to anyone.
What everyone was most concerned about was the acceleration of pension funds entering the market, as well as the entry of more incremental capital, and the actions of the two major market-making institutions, Zhengjin and Huijin, as mentioned by the regulatory authorities.
Of course, everyone was also very concerned about the trend of the external markets.
Fortunately, the trend of the external markets late at night was not affected by the sharp fall of A-shares during the day.
Under the attention of numerous investors, US stocks continued to open higher and rise late at night, hitting new rebound highs and getting closer to the historical high set in early June.
In other words, while A-shares had experienced two rounds of stock market crashes and the Shanghai Composite Index had plummeted by over 1500 points.
After a brief adjustment of two to three months, US stocks had almost recovered all previous losses and were still advancing in a multi-year bull market.
Seeing the strong performance of US stocks.
Domestic investors naturally had higher expectations for tomorrow's trend.
Moreover, due to the strong trend of the external markets and the release of positive domestic news, the bullish sentiment, which had been hit by the market's sharp decline during the day, began to warm up significantly.
Under this gradually warming bullish sentiment.
The next day, Thursday, October 22nd.
The major indices of both markets, as well as the main lines of various hot concept themes closely watched by the vast investor community, and those popular leading stocks that had attracted the attention of many concerned investors, finally broke free from yesterday's gloom, showing an overall higher opening during the call auction.
"Today's market should undoubtedly open higher."
Noticing the general higher opening trend in both markets' call auctions, at 9:20, Old Qian said in the internal group of the 'Gusu Faction' main speculative capital.
"It would be better to open lower,"
Zhang Xinlei said helplessly.
"A higher opening makes it even harder to enter positions."
Losing out on the stock 'Chuansheng Jiuzhou' yesterday had depressed him for quite some time.
He had originally thought that today's market would open lower due to the inertia of yesterday's sharp decline, allowing him to buy back the lost chips at a low point during the trading day.
However, unexpectedly... the continuous positive news on the evening news front completely dashed his hopes, making him even more depressed at the moment.
"Don't dwell on what happened yesterday once it's over,"
He Chong said, noticing Zhang Xinlei's low spirits.
"As traders, we still need to adjust our mindset and focus on what's important right now!"
"Old He, today's market feels like it's going for a recovery trend,"
Old Qian said.
"What do you think about the stock 'Teli A'? Can we still work with it?"
He Chong said:
"It depends on where 'Teli A' opens. If it opens too high, the cost-effectiveness of intervention isn't very high."
"Looking at this pattern, 'Teli A' will likely open more than 5 points higher,"
Old Qian said.
"The stock 'Teli A' hitting its daily limit today should not be much of a surprise,"
Zheng Jinming said.
"It's just that the opening gap is too high, making the cost-effectiveness of intervention poor, with little intraday profit margin. Actually... if the overall market is confirmed to be fine, trading low-position catch-up rally stocks is also a good option, no need to keep chasing the leading stocks."
"Low-position catch-up rally stocks?"
Zhang Xinlei was slightly surprised.
Zheng Jinming nodded and said,
"For example, the stock 'Baofeng Tech', which hasn't recovered from its sharp decline, I think we can try to trade it."
"Indeed,"
He Chong said with a smile,
"As long as the banner of 'Teli A' doesn't fall, there are plenty of opportunities in the market."
"The 'Film and Television Media' sector is indeed lagging behind the market trend,"
Old Qian said.
"Then let's try trading this stock,"
Zhang Xinlei said.
"Buying 'Teli A' at this position is really difficult to do."
However, unlike the trading views of the 'Gusu Faction' speculative capital.
At this moment, Sun Chengyu and Zhao Qiang, who had also lost their chips yesterday, once again turned their attention to the core leading stock 'Teli A' and planned to rebuild their positions in this stock.
"Sun Ge, the stock 'Teli A' has completely contracted in volume during the call auction,"
Zhao Qiang said.
Sun Chengyu replied:
"So we have to hold back and not buy during the call auction, otherwise this stock would go straight to the daily limit with contracted volume. But it's good that... today no strong capital pushed for a 'one-word board' (straight limit up), leaving us some room to build positions."
"The previous two attempts at a 'one-word board' failed,"
Zhao Qiang said.
"To try for a 'one-word board' again, wouldn't that be foolish?"
Sun Chengyu said:
"Actually, with today's market sentiment for 'Teli A', a 'one-word board' with contracted volume would be completely feasible. However, a 'turnover limit-up board' (limit up with trading volume) is naturally more stable. This stock has now become the bullish banner for the entire market trend. As long as the rebound continues, this banner will not fall."
"Sun Ge isn't predicting the stock's potential anymore?"
Zhao Qiang laughed.
Sun Chengyu sighed lightly and said,
"I predicted wrongly several times coming in and out, so I won't predict this time. Anyway, for now, this stock is still safe. A leader like 'Teli A', having reached this point, has already deviated from any rational logic. At this time, what kind of price height it can reach, only heaven knows."
"As long as the market continues, the leader won't die!"
Zhao Qiang said.
"It truly lives up to its name as the 'King of Speculative Stocks'. I feel this stock will likely achieve a 10-fold gain."
Sun Chengyu neither confirmed nor denied, saying,
"Let's trade and see."
Saying that, he turned his gaze to the 'Teli A' trading screen, where the call auction had already concluded.
After ten minutes of call auction.
At this moment, 'Teli A's trading screen had settled at a gain of 7.11%, once again hitting an all-time high and a new high for this round of rebound.
Driven by 'Teli A's substantial higher opening.
The major indices of both markets, as well as the 'state-owned enterprise reform' related industry sectors and concept sectors associated with 'Teli A'.
And the bandwagon concept leading stock 'Chuansheng Jiuzhou'.
As well as other concept theme mainlines such as 'Zhengjin held shares', 'lithium batteries', 'film and television media', 'domestic software', 'internet finance', 'Industry 4.0', 'industrial robots'... or popular concept stocks strongly associated with these concept theme mainlines.
All showed a general higher opening.
(End of Chapter)