"The index has fully completed its reversal, but I can't shake the feeling that 'Teli A', this core leading stock, has some issues with its performance today!"
After the market closed, during the post-market review phase, within the main speculative fund group 'Modu Ultrashort Gang' where Su Yi is, Xu Qiao pondered for a moment and said,
"'Teli A' saw quite a strong surge in volume this afternoon; it seems the profit-taking funds in the market couldn't hold back anymore."
Lao Zhang replied,
"It's alright, is a 9.47% turnover rate for the whole day considered high?"
"Compared to the previous highly volatile market trend, it's naturally not high,"
Xu Qiao said.
"But the overall market sentiment today is very good. This stock, in the morning, immediately hit its daily limit with an extremely low volume trend. Under such a trend, still achieving a 9.47% turnover rate can only mean that the locked-up shares in the market have partially loosened."
Lao Wu responded,
"'Teli A''s third wave of speculation has reached a height of 8 consecutive daily limits at this point. At this level... it's very normal for profit-taking shares to loosen up."
"From the perspective of market capital absorption, 'Teli A''s market performance is still very strong,"
Chen Ge said at the right time.
"The fact that this stock could immediately rebound and seal the daily limit again after briefly breaking it this afternoon indicates that its trend is very likely to continue upwards.
However, moving further up... it's estimated that the internal chip structure of this stock will gradually shift from an aggregated state dominated by main speculative funds to a concerted effort state of small and medium funds.
In other words, the chip structure will most likely gradually become dispersed again."
"Hmm, that should be the case,"
Lao Wu said.
"Looking at 'Teli A''s main buy orders today, there weren't many large orders over 3,000 lots. This indicates that most of the funds actively taking over today were medium- and small-sized investor groups. At this position, it's rare for major institutional funds to dare to aggressively intervene with heavy positions."
"There's no need for major institutional funds to control the market,"
Lao Zhang said.
"'Teli A' has such strong bullish sentiment in the market and such high market attention. The active aggressive short-term investors in the market, with just two or three lots each, are enough to support this stock's performance."
"Right,"
Lao Wu said.
"We still need to look at the concentrated collective efforts of active funds in the market."
"And the actual direction of overall market sentiment,"
Chen Ge added.
"As long as the overall market rebound trend continues, even if 'Teli A''s stock price temporarily peaks, it's unlikely to cause overly severe losses."
"Hehe, all major indices have fully reversed the sharp drop from the day before yesterday,"
Lao Zhang chuckled and said.
"This wave of rebound feels like it could directly reach above 3600 points."
Lao Wu replied with a smile,
"This wave of rebound... should reach around 3600 points. Today, not only did the 'State-owned Enterprise Reform' concept theme, led by the core leading stock 'Teli A', show strong profit-making effects, but concept sectors such as 'CSRC Holdings', 'New Stocks', 'Lithium Batteries', 'Film and Television Media', 'Domestic Software', 'Industry 4.0', and the two major heavyweight sectors of 'Liquor & Beverages' and 'Securities' also performed very well."
"Nearly a hundred stocks hit their daily limit,"
Lao Zhang said.
"The market's profit-making effect today was indeed strong."
Xu Qiao continued to ponder for a while, but his view was not as optimistic as the others.
He said,
"Although the overall profit-making effect of the market today was decent, there are still some issues with the overall market's trading volume performance. The volume consistently fails to expand, and without volume, it's difficult for a sustainable market trend to emerge. Breaking through 3500 points with a total turnover of around 400 billion from both markets just doesn't feel very realistic."
Besides the volume issue.
He also felt that the sentiment both inside and outside the market had reached a relative peak.
In this situation, he believed that relying solely on sentiment to break through the suppression of overhead trapped shares was not reliable.
This was also why he dared not significantly increase his positions today.
"Volume progression takes time,"
Lao Zhang said.
"Even if a full breakthrough of the index is difficult in the short term, there are at least localized trading opportunities."
Lao Wu replied,
"Under the panicky sentiment displayed in the market the day before yesterday, it failed to fall in one go. This indicates that the market lacks strong downward momentum and impetus in the short term.
In this situation, even with a pessimistic view, the index can perfectly maintain range-bound fluctuations between 3200 and 3500 points. Anyway, I feel that at this level... there's no need to be overly worried or bearish."
"The overall market risk is certainly not large at the moment,"
Chen Ge said.
"It's just that 'Teli A' and its related 'State-owned Enterprise Reform' concept theme follower stocks have clearly reached the end of their speculation. Any further upward manipulation would only result in risks far outweighing returns."
"However, 'Meiyan Jixiang' performed very strongly today,"
Lao Zhang said.
"It broke through the resistance zone and continued to hit the daily limit with increased volume. It feels like its expected sentiment and trend pattern for the second wave have already emerged."
"'Meiyan Jixiang' indeed performed well,"
Lao Wu also responded.
"It's not just 'Meiyan Jixiang'..."
Xu Qiao said.
"Currently, both high-flying leading stocks and low-priced, oversold previous hot concept stocks are performing well."
"In that case, just follow the market trend and sentiment,"
Lao Zhang said.
"No need to overthink it. Logical judgments and macroeconomic trend analysis for mid-to-long term are what institutions love to do. As for us... it's best to focus on the market and play the chip game."
"That's true,"
Lao Wu nodded slightly, in agreement.
Following everyone's post-market discussion on market conditions and, after reviewing the market, their speculations and expectations for the future trends of many popular stocks.
Before they knew it, the time had reached 5:00 PM.
The Dragon and Tiger List for both markets was updated.
And under the watchful eyes of all, 'Teli A', the core leading stock that investors focused on, along with popular concept stocks such as 'Chuansheng Jiuzhou', 'Baofeng Technology', 'Tonghuashun', 'Duofuduo', 'Tiancheng Zikong', 'Meiyan Jixiang', all made it onto the list.
Among them, the Dragon and Tiger List disclosed for 'Teli A' showed.
The two core main funds that had previously locked up positions, 'Jinrong Street Fuxing Road' and 'Mingzhou Jiefang South Road', sold heavily during the day, becoming the core selling force today.
The net selling amounts for both funds were over 150 million, which surprised active investors following this stock.
In the buying seats, the two major seats, 'Qingchun Road' and 'Shaoxing Branch', increased their positions and bought in.
Additionally, three seats: 'Rongcheng North First Ring', 'Rongcheng South First Ring', and 'Rongcheng Jincheng Avenue' newly intervened.
However, the net buying amounts for these five buying seats, the related main funds from two major systems, were not particularly large.
Even 'Qingchun Road', which ranked as the top buyer, had a net buying amount of just over 23 million for the day.
It seemed everyone tacitly avoided heavy intervention, only taking over positions in a dispersed manner.
According to this Dragon and Tiger List data.
It is clearly visible that 'Teli A''s core main funds had a net outflow of over 100 million during the day.
This means that at least 100 million in chips were in the market.
distributed among medium and small retail investors who gathered to chase and buy shares.
It also indicates that 'Teli A''s internal chip structure has begun to disperse again, as the core main funds in the market massively reduced their positions to take profits.
"As expected, 'Mingzhou Jiefang South Road' was the fund that dumped shares this afternoon!"
Seeing the buying and selling data from 'Teli A''s disclosed Dragon and Tiger List, Su Yi confirmed his previous speculation and couldn't help but inwardly sigh.
According to his speculation about 'Mingzhou Jiefang South Road' fund's early intervention chips.
This main fund today had already liquidated its positions and exited to take profits.
"The market trend today was actually driven by 'Jinrong Street Fuxing Road' and 'Mingzhou Jiefang South Road', two major funds dumping shares. This is quite surprising!"
As Su Yi was inwardly sighing, at this moment, within the 'Qilu Gang' speculative fund's internal group, which still held positions as a main fund in 'Teli A', Zhao Zhiyuan of 'Weihai Rongcheng Shidao' also expressed surprise,
"'Jinrong Street Fuxing Road' likely only exited part of its position, while the Chief's 'Mingzhou Jiefang South Road' completely liquidated its positions and exited for profit."
"Unexpected, but also reasonable, I suppose,"
Liang Jiucheng of 'Jinan Lishan Road' said.
"These two funds made substantial floating profits, so it's not strange for them to take profits and exit now. As long as the follow-up funds taking over 'Teli A''s market remain strong, the trend can still continue upwards."
"However, the profit-taking sell-off by these two funds will ultimately affect the emotional expectations of some retail investor groups towards this stock,"
Zhao Zhiyuan said.
"And a shift in emotional expectations can naturally influence the desire of subsequent follow-up funds to collectively take over the market for this stock."
Liang Jiucheng responded,
"As long as 'Teli A' remains the core bullish flag in the market, the one with the strongest profit-making effect, and the sole high-standard leader, then this small impact can actually be ignored. Judging from 'Teli A''s market performance today, the follow-up buying from various short-term fund groups for this stock is actually in an overflowing state."
"Right,"
Zhang Wei of 'Weihai Rongcheng Chengshan' also responded at this time.
"Judging from 'Teli A''s market trend, this stock currently does not lack capital to take over, and the willingness of various short-term fund groups to take over is still very strong. I am bullish on this stock's ability to continue upward next week."
"I hope so,"
Zhao Zhiyuan said with some worry in his heart.
Zhang Wei paused, then added,
"Actually, after 'Mingzhou Jiefang South Road' liquidated its positions for profit, and 'Jinrong Street Fuxing Road' took profits and reduced its holdings, the major institutional funds' holding structure for 'Teli A' in the market became more balanced. I don't think this is a bad thing."
"It is indeed more balanced,"
Liang Jiucheng said.
"Calculating based on the total funds 'Jinrong Street Fuxing Road' intervened with earlier, this fund should still hold about 200 million in positions in the market. And with a capital volume of 200 million, even if this fund were to dump shares aggressively, it wouldn't cause an overly drastic impact on the market.
In other words... how 'Teli A''s market trend develops next will truly depend on the resonant synergy of market sentiment and capital, rather than which core fund in the market can guide it."
According to the buying and selling data from 'Teli A''s disclosed Dragon and Tiger List.
Although a few were somewhat surprised by the profit-taking exit of 'Jinrong Street Fuxing Road' and 'Mingzhou Jiefang South Road', after careful analysis, they still maintained a relatively positive and optimistic attitude regarding 'Teli A''s future market trend.
Of course, they held such a positive and optimistic attitude.
This was also because, after their significant intervention, the floating profits on their positions had already exceeded twofold, and their holding costs had reached an extremely low level.
This gave them sufficient cost advantage and confidence in their holdings.
In contrast to the views and opinions of the 'Qilu Gang's' main speculative funds.
At this moment, Zhao Qiang, a main speculative fund from the 'Yuhang Faction', also one of the major funds holding 'Teli A', felt quite uneasy.
"Sun Ge, I have a bad feeling about today's Dragon and Tiger List data for 'Teli A',"
Zhao Qiang sent a private message to Sun Chengyu on the chat software and said,
"The simultaneous exit of the two core main funds, 'Jinrong Street Fuxing Road' and 'Mingzhou Jiefang South Road'... it doesn't seem to be merely profit-taking."
"Do you think there's a problem?" Sun Chengyu asked.
Zhao Qiang said,
"I reviewed 'Teli A''s intraday performance in conjunction with the Dragon and Tiger List data and found that the process of this stock briefly breaking its daily limit this afternoon should not have happened at all.
At that time, the overall bullish sentiment in the market was very strong, and the market's capital absorption capacity was also very robust. Logically... even if they wanted to take profits, under such sentiment-driven and market trend conditions, they definitely shouldn't have sold at that moment."
Sun Chengyu pondered for a moment and replied,
"Are you implying... that these two funds might have received some negative news ahead of time?"
"Yes,"
Zhao Qiang said,
"That's what I think."
"That shouldn't be the case, should it?"
Sun Chengyu said.
"Aside from the brief disagreement of breaking the daily limit, there were no other unusual movements during the trading day!"
Zhao Qiang said, "I'm just guessing, and I hope my guess is wrong."
He and Sun Chengyu's combined holdings in 'Teli A' currently amount to nearly 100 million in funds.
Whether considering the rebound trend of the entire market.
or from the perspective of personal holding gains and losses.
he definitely did not want 'Teli A' to experience any significant negative news at this time.
However, things often don't go as planned.
Just as Zhao Qiang felt uneasy, thinking that the intraday profit-taking sell-off by 'Mingzhou Jiefang South Road' and 'Jinrong Street Fuxing Road' was due to some inside information.
Just as he had feared...
At 7 PM, 'Teli A' issued an announcement.
stating that the company's major shareholder, a Shenzhen market investment institution holding approximately 8% of 'Teli A''s shares, would completely liquidate its holdings of 'Teli A' shares.
"Holy crap, reducing holdings at this time is really deadly."
Seeing the major shareholder reduction announcement issued by 'Teli A', within the 'Qilu Gang' main speculative fund internal group, Liang Jiucheng, who had been full of optimism just an hour or two ago, couldn't help but curse loudly.
"Damn it... reducing holdings at this time is just sick." Zhang Wei in the group was full of anger and couldn't help but curse, "Recently, operating the market has been really unlucky. Last time we intervened heavily, we were put into a 'small black room' by the regulators. This time, after intervening heavily again, we ran into a major shareholder reducing holdings. Sigh... truly bad luck."
"It's over!"
Zhao Zhiyuan also had a bitter expression on his face at this moment.
"The impact of 'Mingzhou Jiefang South Road' and 'Jinrong Street Fuxing Road' taking profits and exiting, plus this announcement of a major shareholder liquidating holdings, damn it... even the strongest bullish sentiment will instantly collapse, let alone... at such a high position..."
"Sigh..."
Liang Jiucheng also knew that with the release of this major shareholder's complete liquidation announcement, 'Teli A''s performance next Monday would most likely be doomed.
He couldn't help but sigh, only able to console himself by saying,
"Although it's bad luck, this time is still better than the last. At least we still have nearly 20% in floating profits. Even if the negative news fully develops next Monday and 'Teli A''s stock price hits its daily limit down, we can likely exit safely before all floating profits are lost."
"We can only hope so,"
Zhao Zhiyuan sighed helplessly.
Just as several people were cursing and sighing helplessly...
At the same time.
Among the 'Yuhang Faction' main speculative funds, Zhao Qiang, gazing at 'Teli A''s major shareholder complete liquidation announcement, was also dumbfounded at this moment.
"Damn it... what you fear is what happens."
He frowned deeply, so angry he almost stamped his foot.
Sun Chengyu was stunned for a while, then also said helplessly,
"It seems you guessed right. 'Mingzhou Jiefang South Road' and 'Jinrong Street Fuxing Road', these two funds that exited massively today, must have really heard something during trading.
However... what puzzles me is that since 'Jinrong Street Fuxing Road' had already heard negative news, why didn't they directly liquidate all positions and exit for profit? Instead, they left more than half of their chips in the market?"
Zhao Qiang pondered for a moment and said,
"Perhaps... 'Jinrong Street Fuxing Road' was also skeptical when they heard the news?"
"No,"
Sun Chengyu said.
"At a high stock price, if there's really any major negative news, it's always better to believe it than not. The fact that this fund didn't completely liquidate for profit and exit... the only explanation is that this fund likely didn't receive the news in advance but simply made profit-taking and position-reduction judgments based on the market's trend pattern."
"No way?"
Zhao Qiang exclaimed.
"Is this fund that good?"
"Most likely,"
Sun Chengyu said.
"Don't underestimate 'Jinrong Street Fuxing Road'. This fund is truly the most formidable main speculative fund in our domestic speculative circle when it comes to judging market trend patterns and entry/exit points. Sigh... we were still too careless. 'Teli A''s untimely breaking of its daily limit this afternoon should have raised our alert."
Zhao Qiang said helplessly,
"At that time, the overall bullish sentiment in the market was so strong, and all popular concept stocks were surging. Who would have thought of this?"
"Now we can only hope that this stock's performance next Monday won't be too ugly,"
Sun Chengyu said.
"It'll probably be difficult,"
Zhao Qiang said.
"At such a high position, with major negative news released, sentiment will instantly collapse. Now we can only hope it doesn't open with a straight-line daily limit down."
But despite their hopes.
they also knew that with such negative news, 'Teli A''s market performance next Monday would very likely open with a straight-line daily limit down.
At the same time.
Su Yi, seeing the major shareholder's complete liquidation announcement issued by 'Teli A', also showed a look of surprise on his face.
"So that's it, so that's it!"
He had originally been wondering about the motive behind 'Mingzhou Jiefang South Road' suddenly liquidating its positions for profit and exiting despite the excellent situation, and now he finally understood completely.
"The Chief's information channel is truly amazing; precisely taking profits and accurately escaping the peak."
As soon as this major shareholder's complete liquidation announcement was released.
Su Yi knew that 'Teli A''s market performance next Monday would definitely collapse.
However, the floating profits on his current holdings, after reducing positions, had already exceeded twofold, and his holding costs had reached an extremely low level.
Even if 'Teli A' hits a straight-line daily limit down next Monday, it wouldn't significantly affect his holdings.
Moreover, facing the difficult upward struggle of 'Teli A' at this position, and the market pressure of the broader index struggling to break above 3500 points.
He felt that a continued downward consolidation to re-establish a more strongly supported range-bound chip platform.
didn't seem like a bad thing either.
Relatively speaking, regarding this major shareholder's complete liquidation announcement.
his expectations for 'Teli A''s subsequent market trend were not as pessimistic as other major speculative funds holding positions in the market, nor did he believe that this was the ultimate high point for 'Teli A', this market's core leading "demon stock".
Of course, even though he wasn't so pessimistic about the stock's market trend in his heart.
However, when this major shareholder's complete liquidation announcement rapidly spread to all investor groups following 'Teli A'.
everyone still erupted in a chorus of curses.
At the same time, they completely sentenced the stock's future trend to 'death', unanimously believing it was definitely finished.
Subsequently, over the two days of the weekend.
'Teli A', bearing the negative halo of a major shareholder's complete liquidation, continued to occupy the top position on the hot stocks list in both markets, and continued to attract discussions from countless investor groups.
However...
Unlike the previous widespread bullishness for this stock.
this time, everyone's view on this stock was entirely bearish.
Of course, alongside the bearish sentiment, there was also a flood of curses directed at the institution that completely liquidated its holdings.
Furthermore, it wasn't just retail investors who were cursing.
Many institutional groups within the industry that did not hold 'Teli A' also cursed.
After all, 'Teli A' currently is not only the leader of the 'State-owned Enterprise Reform' concept theme main line, nor does it only affect the short-term speculative sentiment of the entire market and the trends of various follower concept stocks.
This stock has currently become the bullish flag for the entire market.
Its sudden collapse.
would affect not only the market's short-term speculative sentiment and major popular concept stocks.
but also significantly impact the overall market sentiment and its broader index trend, causing substantial financial losses to institutional main forces heavily invested in core heavyweight sectors.
But no matter the curses, they couldn't change the established facts.
Therefore, amidst a storm of curses and major negative news that had been brewing for over two days.
When Monday, October 26th, arrived.
Under everyone's watchful eyes, 'Teli A', the core leading stock of both markets, a market "demon king" that created 8 times its speculative space through two rounds of stock market crashes, was almost without any struggle directly pressed down onto the daily limit by the panic-selling main funds.
(End of Chapter)