"Alas, still limit down with no volume!"
Seeing the market performance of 'Teli A' after the pre-market auction of the two exchanges, Zhao Qiang, the leading speculative fund of the 'Yuhang Faction', sighed, feeling somewhat disheartened.
"Fortunately, the overall market sentiment isn't bad."
Sun Chengyu said, as Zhao Qiang complained, with a large number of his own chips also locked in.
"As long as the overall market investment sentiment is actively positive, then the follow-up and bottom-fishing funds will naturally enter the market aggressively, helping 'Teli A' break its limit-down. I estimate that even if 'Teli A' can't break its limit-down today, it definitely will tomorrow."
"Two limit-downs, the losses are considerable,"
Zhao Qiang said.
Sun Chengyu responded,
"There's nothing we can do about an unexpected negative like this, we've stepped on a landmine."
"Sun-ge, do you think 'Teli A' still has a chance for reversal?"
Zhao Qiang paused, then added,
"Do you think leveraging the good market investment sentiment to continue increasing positions by buying at the limit-down, luring bottom-fishing funds to pry open the limit, is a viable strategy?"
Sun Chengyu thought for a moment and said,
"This operating strategy is definitely not suitable right now. It will only be useful when 'Teli A' starts to show increasing volume on its trading screen, indicating a chance to pry open the limit. Otherwise... if the capital invested to lead the prying fails, it will only drag us deeper."
"Then we can only continue to wait,"
Zhao Qiang replied with a sigh, seeing that Sun Chengyu deemed it unsuitable.
"Let's continue to wait patiently,"
Sun Chengyu said.
"If the broader market index and the overall market investment sentiment perform well during the day, and the risk appetite of many short-term investors warms up, then... perhaps in the late trading session, funds will come in to pry open the limit on 'Teli A'.
As long as there are leading funds following suit to pry open the limit, we can use the strategy you just mentioned to break the limit-down and recover some of our position losses."
"Let's hope so,"
Zhao Qiang responded.
"I feel that the overall market rebound hasn't ended yet, and 'Teli A' shouldn't have topped out in this manner."
Sun Chengyu said,
"Regardless of whether the overall market rebound has ended, at least considering both internal and external news, the index at this level doesn't pose a risk of sustained sharp declines. And the core speculation logic behind the 'SOE Reform' theme still exists.
With these positive factors... plus 'Teli A's own market attention, there's no doubt that once short-term market speculation sentiment picks up, funds will definitely come in to buy the dip and manipulate the stock."
Although his position in 'Teli A' had already suffered two limit-downs.
He was not panicked inside.
Because according to his past trading experience.
As long as the overall market trend and investment risk were not significant, then a core leading "demon stock" like 'Teli A', which had captivated the attention of all short-term investors and previously generated extreme profit-making effects, would definitely have an opportunity for a violent rebound after all negative news had been released.
And by seizing such a violent rebound opportunity.
He would only need one or two trading days of rebound to reverse his position losses and exit safely.
Following their brief discussion.
Soon, market time had arrived at 9:30 AM.
After just five minutes of sentiment building, the two exchanges entered the official continuous bidding trading session.
As the trading screens of the two exchanges just began to flicker, driven by the building sentiment, the major indices like the Shanghai Composite, Shenzhen Component, and ChiNext Index rapidly rebounded upwards, each expanding their gains.
At the same time, amidst the strong upward movement of the indices.
The two core main themes of 'Big Finance' and 'Big Consumer', along with the 'Lithium Battery' concept theme, all surged, instantly becoming the leading themes in the market.
Their related major industry sectors and concept themes also became the market's leading sectors.
Supported by these major themes.
The Shanghai Composite, Shenzhen Component, and ChiNext Index continued to push upwards and break through.
Due to the continuous improvement in index performance, a host of popular concept themes that had been severely hit by 'Teli A's consecutive limit-downs, such as 'SOE Reform', 'CSFC Holdings', 'New Secondary Shares', 'Film and Television Media', 'Domestic Software', 'Industry 4.0', 'Virtual Reality', and numerous associated leading concept stocks, also began to recover, showing signs of repairing yesterday's sharp decline.
Under these circumstances, with market investment sentiment gradually warming up and investor confidence slowly returning.
At 9:45 AM, just 15 minutes after the market opened, the Shanghai Composite Index's gain surpassed 1%.
Banking, white spirits and beverages, and white goods sectors were once again heavily bought by various major institutional funds.
Both the sector index gains and the gains of core component stocks within these sectors continuously hit new highs.
At 9:51 AM, thanks to the impetus from the weighted main themes and the good performance of the indices.
Market investment risk appetite increased.
Countless short-term investor groups and active speculative funds within the market began to massively intervene in many concept theme stocks for trading.
At 10:07 AM, under the attack of numerous short-term funds.
'Meiyan Jixiang' surged by over 5% in a straight line, showing a strong rebound and breakout trend.
At 10:19 AM, 'Yishang Exhibition', the leading stock in the 'New Secondary Shares' concept theme, led the entire 'Virtual Reality' concept theme sector to break through, also surging over 5%, seemingly forming a full reversal of yesterday's sharp decline.
At the same time, 'Baofeng Technology', an old "demon stock" from the bull market, also rose rapidly, with its gains on the screen heading straight for 7% under the combined efforts of various active short-term funds.
At 10:28 AM, 'Chuansheng Jiuzhou' rebounded, with its gains expanding to 4%.
At 10:41 AM, in the 'Lithium Battery' sector, 'Duofluduo' and 'Tiance Material' both surged over 4.5%, already showing a preliminary reversal of yesterday's trend.
The two core stocks, 'Tianqi Lithium' and 'Ganfeng Lithium', also showed significant gains.
At 10:53 AM, under the combined rebound efforts of weighted main themes and concept themes.
The three core indices – Shanghai Composite, Shenzhen Component, and ChiNext Index – all surpassed the 1% intraday gain mark, continuing to set new market highs.
At the same time, at this moment.
'Teli A', the stock that had been limit-down with no volume, also began to gradually show increasing volume on its trading screen.
Benefiting from the recovery of profit-making effects across the entire market and the warming of short-term investors' risk appetite, aggressive funds began to enter and buy the dip in 'Teli A', purchasing shares at the limit-down price.
"Finally, there's some volume appearing."
Noticing traces of buying funds actively sweeping up shares at the limit-down on 'Teli A's trading screen, Zhao Zhiyuan, from within the 'Qilu Gang' speculative fund's internal group – a core player in 'Teli A' – breathed a long sigh of relief, saying,
"If there are funds buying the dip, it means there's hope of breaking the limit."
"Over 200,000 lots of limit-down orders..."
Zhang Wei responded,
"With this much volume, it's still probably impossible to break this limit-down!"
Liang Jiucheng replied,
"Volume changes with sentiment. As long as the overall market sentiment continues to improve, more and more funds will participate in bottom-fishing. Continuous quantitative changes will always lead to qualitative changes, and continuous follow-up buying will also prompt sellers to voluntarily cancel their orders."
"Right, right,"
Zhao Zhiyuan said.
"As long as market sentiment supports it, to truly pry open the limit, an estimated 70,000 lots of orders should be enough at most."
"70,000 lots of orders also amount to over 500 million in funds,"
Zhang Wei said.
Zhao Zhiyuan said,
"As long as there's sentiment and expectation, a combined effort of 500 million in funds is just a momentary thing. The key is to have that expectation!"
When prying open a limit-down, the stronger the expectation of success, the faster the bottom-fishing funds will follow.
Conversely, without such an expectation.
Then, it will be very difficult to successfully pry open the limit-down.
"There must be funds to take the lead,"
Liang Jiucheng pondered for a while and said,
"Currently, although the overall bullish sentiment in the market is rising, and the risk appetite of various short-term investor groups is clearly warming up, relying solely on emotional momentum is far from enough to make 'Teli A' break its limit-down at this position."
"At this time, there probably aren't any leading speculative funds daring to take the lead in prying open the limit, right?"
Zhang Wei said.
Liang Jiucheng replied,
"Only when the volume of follow-up bottom-fishing funds from scattered retail investors becomes larger, and an expectation of breaking the limit-down gradually forms on the trading screen, will other leading speculative funds follow suit to pry open the limit.
The current trading volume performance is far from enough; at least the transaction value needs to reach tens of millions or more to have a chance."
"So now we..."
Zhao Zhiyuan said,
"Can we use small orders to follow up on bottom-fishing, actively guiding large funds to enter?"
Liang Jiucheng said,
"The timing is not mature enough, alas... let's wait a little longer, until the market's bullish sentiment and short-term speculation sentiment warm up a bit more."
Saying this, he turned his gaze to the trading screens of 'Meiyan Jixiang', 'Duofluduo', 'Chuansheng Jiuzhou', and other core leading concept stocks with higher market recognition, which had a certain driving effect on the overall short-term speculation sentiment and bullish sentiment of the market.
Hoping these stocks could strongly hit the limit-up, setting an example for the market.
Unfortunately...
Under his watchful eye, until the market reached its midday close.
None of the hot core leading concept stocks he was observing managed to firmly hit the limit-up.
Instead, several low-cap concept stocks that hadn't risen much previously and were severely lagging behind this round of index rebound, launched a fierce rebound offensive and successfully hit the limit-up.
However, the limit-up of these low-priced, lagging stocks.
Could not drive the market sentiment of high-level core leading concept stocks, nor could it loosen the locked shares on 'Teli A's limit-down.
Not only could it not drive.
The limit-ups of these low-priced concept stocks instead prompted some funds to start a "high-low rotation" trend.
Further diverging active funds flowing into high-level core popular leading concept stocks.
This led to the limit-down order book on 'Teli A's screen, and the trading volume at the limit-down, consistently failing to show a qualitative change or demonstrate any expectation of breaking the limit.
However, although 'Teli A', this "demon stock", continued to show weakness with no signs of bottoming out and rebounding.
The overall market trend.
Especially the trend of weighted main themes in the main board direction, was in full swing, with strong profit-making effects.
"Alas, 'Teli A' has completely screwed me over. The entire market is rebounding, with plenty of opportunities to make money, but I'm locked into this stock, taking two consecutive limit-downs."
After the midday close, amidst the fervent discussions of countless investor groups.
Some retail investors holding 'Teli A' complained helplessly.
"I missed out on the gains before, but these two trading days, I've caught all the beatings."
"With 200,000 lots of limit-down orders virtually unmoved, it seems 'Teli A' has no hope of breaking the limit today. I wonder how many more limit-downs there will be. I took on this stock last week, and my heart truly aches right now."
"What the hell, they all said this was the 'King of Demon Stocks', why isn't it acting like one anymore? 'Meiyan Jixiang' is up 7 points, and it still can't break its limit-down?"
"Alas, this time, I feel the market leader has truly been smashed to death."
"Damn it, it's so desperate. In the entire market, only 'Teli A' is locked at the limit-down; all other stocks have rebounded."
"Since July, this stock has either been at the top of the gainers' list or the top of the losers' list."
"This trend... I'm really fed up with it."
"I'll never chase high-flying leaders again. Taking two consecutive limit-downs, I really want to die."
"Crucially, there's still no hope of breaking the limit!"
"The market leader is dead, burn some paper money if you need anything!"
"This wave, it's highly likely to be cut in half before it can break the limit-down."
"Such good market sentiment can't even break the limit-down, so it's truly headed for being cut in half, alas... I didn't expect the overall market leader of the two exchanges to not be killed by the regulators' 'small dark room', but instead by the major shareholders' clear-out reduction of holdings."
"Damn it, why aren't the regulators regulating at this time? Why isn't it suspended from trading?"
Amidst the extremely depressed complaints of retail investors holding 'Teli A', the midday break quickly passed.
Soon, the market entered the afternoon trading session.
After the midday sentiment building, the market, upon opening in the afternoon, continued the morning's trend, further expanding its rebound space upwards.
The Shanghai Composite, Shenzhen Component, and ChiNext Index continued to hit new intraday highs.
The 'Big Finance' and 'Big Consumer' themes continued to play out, with 'Qianzhou Maotai' fully recovering its high point from the 'Stock Market Crash 2.0' in August.
The 'Lithium Battery' theme continued to explode, with 'Ganfeng Lithium' leading the gains, aiming for a daily limit-up.
In the 'CSFC Holdings' and 'Pension Fund Holdings' concept themes, 'Meiyan Jixiang', a core leading concept stock, also continuously hit new intraday highs, further approaching the limit-up.
'Baofeng Technology' surged 7%, quickly recovering yesterday's losses.
At the same time, a host of other low-priced, lagging 'SME Board and ChiNext' concept theme stocks also surged strongly, aiming for the limit-up.
In the 'New Secondary Shares' sector, 'Yishang Exhibition', the core leader.
Finally, at 1:42 PM, saw the concerted efforts of active leading funds, and its stock price successfully hit the limit-up, completing a reversal of yesterday's market trend.
For a time, as trading hours continued to pass.
It seemed as if all stocks across the entire market were strongly rebounding, frantically repairing yesterday's market losses.
Only 'Teli A', this core leader, this "King of Demon Stocks" that still topped the hot stock list of both exchanges, remained locked at the limit-down, completely insulated from the fervent market trend.
However, just as everyone thought that 'Teli A's market performance for the day would no longer change.
At 2:37 PM, amidst the fervent bullish market trend.
At the moment 'Meiyan Jixiang' exploded with over 2 billion in volume, finally forcefully hitting the limit-up, once again setting a new high for this round of rebound.
The limit-down order book for 'Teli A' on the trading screen finally began to loosen.
Numerous aggressive bottom-fishing funds, driven by the strong bullish sentiment after 'Meiyan Jixiang' hit limit-up, poured into 'Teli A's trading screen to speculate.
"Now's the time!"
At this moment, Su Yi, intently staring at the changes on 'Teli A's trading screen, had a flash of keen insight in his eyes.
Then, with the continuous influx of bottom-fishing orders.
He quickly withdrew the sell orders placed on 'Teli A's trading screen and, using the liquid funds in his account, promptly placed two consecutive main buy orders of 8,000 lots each on its limit-down.
When the two super main buy orders he placed poured onto 'Teli A's trading screen.
In an instant, 'Teli A's limit-down order book sharply decreased to below 100,000 lots, and countless active sell orders were still being frantically withdrawn.
And when 'Teli A's limit-down orders sharply decreased to below 100,000 lots.
Most investors following this stock had already realized that it would likely break the limit-down.
Thus, before too many people could react, surging follow-up bottom-fishing funds rushed into 'Teli A's trading screen like a flood.
At the same time...
Su Yi also swiftly continued, placing another 8,000-lot order onto 'Teli A's trading screen.
When this 8,000-lot main buy order of his was executed.
In the blink of an eye, 'Teli A's limit-down orders sharply decreased to below 50,000 lots in just a few seconds.
Immediately after, consecutive super large main buy orders followed in quick succession.
In just an instant.
All the limit-down orders that had not yet been withdrawn were swept away.
When the limit-down orders on 'Teli A's trading screen were swept clean by the concentrated bottom-fishing main buying funds...
At 2:38 PM, 'Teli A's stock price shot up like a spring onion pulled from dry ground, soaring upwards in a straight line, instantly narrowing its market decline to 3%.
"Holy cow, holy cow... that's amazing, it actually broke the limit?"
As 'Teli A' rapidly narrowed its decline, volumes exploded, and countless leading speculative funds converged, all investors watching this core leading stock voiced their shock and amazement.
"Damn it, why didn't I buy at the limit-down just now? A leader is a leader, a 7-point gain in one second is too fierce."
"Numb, I didn't get to withdraw my order and was forced to cut losses at a low price, oh crap..."
"Incredible, it can even pry open the limit-down!"
"Beyond expectations, is this going for a positive reversal?"
"The leader lives, the great demon continues. 'Teli A', this king of demon stocks, feels like it has another round of speculative trading ahead."
"Buy, buy, today's trend is simply defying gravity."
"It's not going limit-down-to-limit-up, is it? Damn it, I didn't get shares at the limit-down, alas... why didn't I buy earlier? One should have some faith in the market leader!"
"Oh my god! This trend is jaw-dropping."
"Too fierce, 1 billion in transaction volume in an instant, who said the leader was dead?"
"Explosive, the King of Demon Stocks has returned! I must follow and buy a few lots of shares; ten times, this stock definitely has a ten-fold market potential."
Amidst the exclamations of countless people.
'Teli A's stock price only briefly stayed at the 3% decline mark for one or two minutes.
Then, it surged again with rapidly exploding volume, going straight up, turning positive in a straight line, successfully recovering all intraday market losses.
Subsequently, with continuous volume increase.
'Teli A' continued to climb upwards, reaching a peak intraday gain of 6.19%.
However, due to the overly rapid upward pull, the need for further consolidation of the internal chip structure, and the waning market expectations after a failed attempt at a limit-down-to-limit-up reversal, 'Teli A's stock price retreated from its intraday high during the last ten minutes of the trading session.
Ultimately, when 3:00 PM arrived and the two exchanges closed.
'Teli A' maintained a gain of 2.23%, outperforming the broader market index.
But even though it didn't achieve a limit-down-to-limit-up trend, the late-session rebound with exploding volume, a gain of over 13 points, and a turnover rate close to 20%, still left a host of investors following this stock astonished.
Causing the market attention and discussion heat for this stock to reach new highs again.
(End of Chapter)