"One-Word Soul Severing Knife, an infinite one-word limit down!"
At 9:21 AM, after both markets had entered the irrevocable call auction phase, in the internal group of the 'Magic City Ultrashort Gang' main speculative funds where Su Yi was, Xu Qiao stared at 'Teli A's' trading screen, which had almost no trading volume and was directly locked at the limit down by over 200,000 lots and 1.6 billion in sell orders.
Her heart was in shock, and she also secretly thought it was a close call.
"All the funds that took over last Friday are completely trapped inside,"
Old Zhang remarked, observing the trend of 'Teli A's' trading screen.
He sighed,
"This One-Word Soul Severing Knife is truly tragic; there's no way to escape."
Old Wu said,
"Since the stock market crash in July, 'Teli A' has either been limit down or limit up, which is incredible. For several months straight, there hasn't been a single day of normal trading. Has there ever been a stock so erratic in history?"
"Otherwise, how could it be called the 'King of Demons'?"
Xu Qiao chuckled.
"But with such negative news appearing at this position, this stock should be completely dead, right?"
"Hard to say,"
Brother Chen said.
"Last time, the regulatory body's 'little black room' didn't kill this stock. This time, the major shareholder's liquidation and reduction in holdings won't be more powerful than the regulatory body's 'little black room' last time.
Whether this stock will die still depends on the attitude of various active capital groups towards it and the follow-up buying from retail investor groups."
"The situation last time was still different from this time,"
Xu Qiao said.
"It's already an 8x height space. Under this kind of negative news, can it still be speculated upwards?"
"Only heaven knows that,"
Brother Chen said.
"Damn it, 'Teli A's' collapse has dragged down the entire market,"
Old Zhang said speechlessly.
"'Meiyan Jixiang' plummeted 3.43%, 'Chuansheng Jiuzhou' directly plunged 7.11%, 'Sanxia Xincai' opened 5.29% lower, 'Tonghuashun', 'Duofuduo', 'Yishang Zhanshi', 'Penghui Nengyuan', 'Tiancheng Zikong', 'Baofeng Keji'... all recent hot concept leading stocks showed a significant gap down."
Old Wu said,
"It's not just these hot concept leading stocks; 'SOE Reform', 'CSRC Holdings', 'Internet Finance', 'Lithium Batteries', 'Industry 4.0', 'Film and Television Media'... these major thematic lines that have recently shown strong earning potential have also completely died down. All related conceptual and industry sectors are showing a gap down."
"The call auction trend for the main board's weighted major lines is also very bad,"
Xu Qiao added.
"'Dongxing Securities' stock also opened more than 3% lower."
"A whole lot of them are dead!"
Old Zhang exclaimed in shock.
Brother Chen glanced at the overall market trend and said,
"This is the market influence of 'Teli A', this core leading stock. Its collapse directly caused the entire market's long sentiment to plummet. This announcement of a major shareholder's liquidation and reduction in holdings has even greater power than negative macroeconomic policy news."
"Heh heh, this institution, liquidating and reducing its holdings, only involved two to three billion in capital,"
Old Wu said.
"But the impact it brought to the market, the amount of market wealth evaporation it caused, is probably more than ten or even a hundred times that."
"The sustained long sentiment that was so hard to build up,"
Xu Qiao said,
"just like that, it's gone."
"Brother Su didn't completely exit last Friday, so he should be trapped today too, right?"
Old Zhang asked.
Old Wu replied,
"Brother Su's chips are at an extremely low cost. Even if 'Teli A' experiences four or five consecutive limit downs, it shouldn't hurt him. We don't need to worry about him. Let's look at our own positions. Damn it... with this collapse, the chips I newly bought last Friday have also started to lose money."
While they were talking, the market trading time had already reached 9:25 AM.
The call auction for both markets concluded.
After a total of ten minutes of call auction.
The final market condition presented for both markets was even worse than everyone had expected before the market opened.
Under the influence of 'Teli A', this core leading stock's infinite one-word limit down trend, the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index all opened lower across the board, with index gaps down all exceeding 0.5%.
As for the major conceptual thematic lines strongly related to 'Teli A' and their hot concept stocks.
They all suffered heavy blows.
High-flying stocks like 'Chuansheng Jiuzhou', 'Sanxia Xincai', and 'Yishang Zhanshi' even opened with a gap down below a 6% decline, directly showing a limit down trend even before official trading began.
Furthermore, a group of conceptual stocks with potential hidden risks of share reduction, or stocks already in a share reduction period.
Also suffered significant impact, showing a substantial gap down.
Of course, among them, the most despairing were certainly those capital groups currently holding 'Teli A' stock with higher holding costs.
"Infinite one-word limit down, basically no takers, it's over."
Seeing such an opening situation in both markets, Zhao Qiang, a speculative fund manager from the 'Yuhang Faction' with heavy positions and already incurring losses, instantly frowned.
This market trend with no buying interest whatsoever.
Even if he wanted to use the channel advantage of his trading seat to cut losses and dump shares, he couldn't.
What's more, according to the order queue on the screen, the orders he placed early in the morning did not manage to get to the front.
In this situation, it would be even more impossible to sell.
"Sigh, there's no other way,"
Sun Chengyu said.
"Since the market has turned out this way, we can only accept it."
Zhao Qiang sighed softly, also having no choice but to accept the situation, and said,
"'Teli A' really has no connection with me. I participated several times and didn't make any significant profit. This time... I'm taking a big loss instead."
Sun Chengyu said,
"I also didn't make much profit on this stock."
"Brother Sun, did your orders get to the front of the queue?"
Zhao Qiang asked.
"Can you get out today?"
Sun Chengyu replied,
"Didn't get to the front; I don't know whose hand speed is so fast... Looking at this market's buying pattern, I probably won't be able to get out today."
Short-term trading in the stock market.
It's common to encounter sudden negative news, leading to unexpected losses.
Although facing such a situation, he wasn't exactly in a good mood, but he could still calmly accept it.
What he didn't know was... the funds that jumped ahead of him in the order queue and directly blocked the limit down channel with a massive 20,000-lot main order belonged to the 'Financial Street Fuxing Road' trading seat used by Su Yi.
"This VIP trading channel access granted by the brokerage is really useful,"
Su Yi thought to himself with a smile, looking at his order positioned at the very top of the sell orders.
"Once such an extreme situation occurs, I can lose millions less in one go."
Knowing that 'Teli A's' limit down trend today was unavoidable.
He directly placed an order to block the limit down board and occupied the selling channel even before the call auction began.
(End of Chapter)