The expectation of ten-fold growth and a stock price of one hundred yuan has been completely fulfilled.
At this moment, even though the market speculation sentiment and capital's desire to go long on 'Teli A' are still very strong.
However, with two major expectations already realized, the emotional feedback and capital's follow-up momentum will weaken the further it goes.
In other words, this moment is the strongest moment of emotional and capital resonance for 'Teli A', and also the moment of highest market liquidity for this stock.
If he doesn't sell to lock in profits at this time, subsequent selling points will only become harder to seize.
Furthermore...
His holding scale, compared to the entire circulating market cap of 'Teli A', is not significant, but compared to other major capital forces in the market, it is relatively large.
If he chooses to continue holding and gamble for subsequent risk profits.
It would not be easy for his volume of capital to withdraw completely at a higher position.
That is to say, no matter from which aspect it is analyzed.
This point in time, this position, is the optimal selling point for him.
Of course, with its consistent trend still relatively strong, a large volume of sealed limit-up orders on the market, and no other major capital rushing to dump and lock in profits, competing for market liquidity.
He would not blindly dump all his chips in a single-click clearance, deliberately disrupting the current market trend of 'Teli A'.
A few minutes later, as the two markets entered the formal continuous auction phase.
Su Yi stared at the 'Teli A' market, which was still sealed limit-up with shrinking volume, and the Shanghai Composite Index, which had crossed 3500 points and still showed a strong rebound.
He gradually sold off his chips on 'Teli A's limit-up board in intermittent frequencies of 3,000 lots and 2,000 lots, completing his clearance and profit-taking.
However, when his chips.
Had just totaled 15,000 lots, thrown out in a piecemeal fashion.
Due to the gradual increase in volume of 'Teli A' after opening, other major capital in the market who were originally holding their positions instantly noticed his actions.
So, at 9:37 AM.
Seven minutes after the official opening of trading in the two markets.
A large number of follow-up sell orders began to emerge concentrically, the volume on 'Teli A's limit-up board also began to increase rapidly, and the sealed orders likewise began to sharply decrease.
Su Yi saw that the market volume of 'Teli A' was increasing faster and faster.
He knew that even if he sold off piecemeal without disrupting the market pattern, 'Teli A's limit-up board would be hard to maintain once various capital sources started forming a common consensus to sell and lock in profits.
Thinking of this...
He no longer hesitated.
All his remaining unsold chips were directly dumped at market price in one go.
When his remaining total of 32,000 lots of chips furiously hit the market, the sealed orders, which were originally as high as 80,000 lots, were immediately halved.
Then, the remaining half of the sealed orders.
Under the surge of subsequent follow-up selling, and with many buy orders being quickly and actively withdrawn.
Only held on for less than 20 seconds before collapsing directly.
Immediately after the sealed orders were completely broken, an even more furious wave of follow-up selling surged out like an angry tide.
Before the long-position buying funds waiting below could react, multiple tiers of buy orders below were swept away, causing 'Teli A's stock price to flash crash from the limit-up board to below a 5% increase, like a waterfall plunging straight down, instantly losing the 100-yuan price level.
"Damn it... I knew it, opening with a shrinking volume straight limit-up was bound to cause problems."
Seeing 'Teli A's stock price flash crash, losing the 100-yuan mark in the blink of an eye, Li Jinshi, within the internal group of the 'Foshan Faction' main speculative capital that had entered at high positions, instantly frowned and grumbled, saying,
"This stock has never been able to hold a shrinking volume straight limit-up board since it rose from the bottom. Alas... the volume is rapidly increasing now, it feels like the internal chip structure has loosened again!"
"Not only is the internal chip structure collapsing,"
Chen Guiyun said,
"such a large volume indicates that the early profit-taking funds that were holding positions in the market have fully withdrawn."
"General Manager Liao, should we sell?"
Li Jinshi paused, then urgently asked.
Liao Guoxiang intently watched the market changes of 'Teli A'.
Seeing that in just one or two minutes, the briefly rebounding stock price was again hammered down to a new market low by surging active selling funds, he knew that this core leading stock would likely find it hard to return to limit-up after such a massive flash crash and dive.
He decisively said,
"Sell, the internal chip structure has indeed loosened again, and the concentrated selling pressure is too severe. The active buying power of the bulls is clearly unable to absorb the selling in the market. If we don't sell now, the stock price will likely continue to dive."
"I think so too,"
Li Jinshi nodded and said,
"Alas, opening with a shrinking volume straight limit-up in the morning completely over-drafted the intra-day expectations and the power to go long!"
Saying this, he began to furiously dump his chips without hesitation.
Taking advantage of 'Teli A's market still having a few percentage points of increase, he completely cleared his position to lock in profits.
And as he aggressively cleared his position and dumped.
Chen Guiyun and Liao Guoxiang also sold their chips at market price, no longer expecting the stock to return to limit-up and reach new highs.
Similarly, as the entire 'Foshan Faction' carried out a large-scale clearance and profit-taking.
In the internal group of the 'Qilu Gang' speculative capital, also one of the main forces in 'Teli A', this core leading stock.
Zhao Zhiyuan of 'Weihai Rongcheng Shidao', who had previously lowered his holding cost through continuous partial sells, watched 'Teli A's stock price, after two consecutive waves of diving, consistently fail to quickly repair the market's diving decline and return to above 7%, or even 5% increase.
For a moment, a strong urge to clear his position and lock in profits surged in his heart.
"It feels like 'Teli A' might have peaked?"
Zhao Zhiyuan said in the internal small group.
Zhang Wei saw the message and immediately replied,
"The volume is a bit large, it's not even half an hour yet, and the turnover rate is already approaching 15%. However, in 'Teli A's past movements, there have been several times where it broke its limit-up after opening, then experienced huge volatility before returning to limit-up. So... whether it has peaked, and whether it can return to limit-up, I think we can wait and see."
"Still waiting?"
Zhao Zhiyuan said,
"If we wait, it will go deep underwater."
"We can indeed wait a bit longer,"
Liang Jiucheng said,
"The overall market's bullish sentiment is still good. After sufficient turnover, the selling pressure on the market will weaken. If it receives good support then, there is still hope for a return to limit-up. At least, after the selling pressure weakens, it's possible for the market to surge higher."
"Okay, then let's wait a bit longer,"
Zhao Zhiyuan thought for a moment and replied.
After the continuous position reduction earlier, his chip cost was already very low.
Even if 'Teli A's stock price continued to pull back a few percentage points, as long as he could sell, the impact wouldn't be significant.
As the three had a brief discussion.
On the market, 'Teli A's stock price at this time had continued to dive, falling back to near its flat position.
And as 'Teli A's stock price broke its limit-up and continued to fall.
The entire 'State-Owned Enterprise Reform' concept theme, as well as popular follow-up stocks in the same concept main line, such as 'Chuansheng Jiuzhou', 'Sanxia Xincai', 'Xinxiang Huaxian'... also sharply dived and fell, showing weak market patterns, all suppressed by profit-taking.
Also, concept theme main sectors like 'New Sub-IPO Stocks', 'Securities Investor Protection Fund Holdings', 'Industry 4.0', 'Virtual Reality', 'Film and Television Media'... and their corresponding concept leading stocks, were all affected by 'Teli A's breakout and decline.
Market selling pressure was increasing with time.
Fortunately, due to the Shanghai Composite Index successfully crossing the 3500-point mark, it further established an upward rebound trend.
At the same time, also due to the strong breakthrough of core heavyweight sectors such as banking, food and beverages, white goods, and automobiles.
The Shanghai Composite Index still maintained a strong volatile pattern and stabilized the overall market's bullish sentiment and investment confidence, preventing the overall market trend from plunging completely and forming a bear-dominated massive decline due to 'Teli A's flash crash chain effect.
"Damn it, ten points of profit gone in an instant."
Noticing that 'Teli A' had broken its limit-up and fallen back, wiping out all the day's gains, Xu Qiao, who had hesitated to sell his chips in Su Yi's 'Magic City Ultra-Short Gang' main speculative capital group, couldn't help but complain,
"I don't know who topped the board this morning. A perfectly good breakout trend turned into a waterfall-style limit-up break and dive."
"Many funds topped the board this morning," Old Wu said, "With such strong market sentiment and consistent bullish expectations for 'Teli A', topping the board was logically sound."
"At this position, topping the board to form a shrinking volume straight limit-up, isn't that seeking death?"
Xu Qiao said,
"It would be strange if the profit-takers didn't dump."
"Then why didn't you sell?"
Old Zhang asked curiously.
Xu Qiao chuckled and said,
"The overall market's bullish sentiment today is still very good, and 'Teli A's market support is also strong. Although the bulls are temporarily suppressed by concentrated profit-taking, the selling pressure from profit-taking will ease as the turnover rate and market trading time advance.
And as long as the bullish funds can absorb the selling in the market, then after the profit-taking pressure continuously weakens, they still have a chance to regain the initiative and push for a return to limit-up. In that case... if you missed the selling point on the limit-up board, you can only wait a bit longer."
"Can it still return to limit-up?"
Old Zhang said,
"It doesn't feel very hopeful!"
All the chips he held, including his 'Chuansheng Jiuzhou' chips, he had already sold completely during 'Teli A's limit-up break and sharp fall.
So, at this moment, facing 'Teli A's continued dive.
He could view it with equanimity.
"Based on 'Teli A's multiple past limit-up break movements..."
Old Wu replied,
"As long as the overall market investment sentiment isn't too bad, there should still be hope for it to return to limit-up."
Old Zhang said,
"The previous times and this time should still be somewhat different, right?"
Xu Qiao said,
"There's not much difference. It's normal to have fluctuations at this position, but it will definitely not be the end of this stock's trend."
"Let's see the subsequent market support,"
Brother Chen interjected at this time,
"If after the profit-taking, the intraday volume can continuously decrease for a wave, and the bullish funds can strongly counterattack, pulling the stock price back to near a 5% increase, then there is hope for it to return to limit-up."
"Has Brother Chen finished selling his chips?"
Old Zhang asked.
Brother Chen responded,
"Sold 60%, still have 40% of the chips in hand. 'Teli A' has always been a volatile stock. It's still early before the market closes today. No one knows what kind of pattern this stock will form, but with such high market attention and discussion, no matter how it moves, market liquidity should not be lacking. You can always sell and leave whenever you want."
"Does Brother Chen think 'Teli A' is at risk of hitting the limit-down today?"
Old Wu asked.
Brother Chen thought for a moment and replied,
"Probably not? The moment it broke its limit-up, it didn't flash crash to form a 'heaven and earth board' pattern, so it's unlikely to go to a heaven and earth board. Looking now... this stock's intraday turnover rate has already exceeded 15%. In other words, most of the profit-taking funds in the market have already completed their selling.
The remaining profit-taking pressure is not enough to push the stock price down to the limit-down with sufficient liquidity and bullish fund support. Moreover, since there is sufficient liquidity and support, there's no need to scramble to dump.
As long as this stock doesn't hit the limit-down and doesn't form a pattern of market liquidity exhaustion, then after the profit-taking pressure continuously weakens, there's a very high probability that the supporting bullish funds will counterattack.
At the same same, just as you all said... 'Teli A', having broken its limit-up multiple times before, has always successfully returned to limit-up.
This has already formed a psychological expectation among the vast investor group that follows and trades this stock: a limit-up break will inevitably be followed by a return to limit-up. With this psychological expectation. In fact, the pressure for 'Teli A' to return to limit-up is still very small."
"Brother Chen's analysis is very reasonable."
Xu Qiao deeply agreed with Brother Chen's analysis and responded with a smile,
"I believe 'Teli A' has a high probability of returning to limit-up, and also a high probability of setting a new historical high. Ten-fold... is not the end for a demon king leader. It's very possible that this is just halfway up the mountain."
"But there are truly a lot of main funds taking profits and leaving the market today,"
Old Zhang said,
"And when 'Teli A' broke its limit-up, there were several consecutive super large sell orders of ten thousand lots. Judging by the volume of the orders, it's highly likely to be chips sold by Brother Su. If Brother Su has fully taken profits and left... I feel that even if 'Teli A' can consolidate sentiment and return to limit-up today, it will be difficult to create further space afterward!"
"I also feel Brother Su has left,"
Old Wu responded.
Xu Qiao said,
"The subsequent market trend doesn't matter to me at all. I just need this stock to be able to return to limit-up today so I can sell on the limit-up board, that's enough."
"Waiting for a better selling point intraday is fine,"
Brother Chen said,
"But at this position, taking on more bullish positions is definitely not suitable."
Old Wu thought for a moment and said,
"It feels like there aren't many large funds actively buying intraday today, right?"
"Yes, that's right,"
Old Zhang said,
"When 'Teli A' sealed limit-up this morning, I checked the specific sealed orders. There weren't many large active buy orders of over a thousand lots, let alone super large orders of over 5,000 or 10,000 lots. This indicates that active speculative capital in the circle dared not heavily intervene in this stock, and were clearly somewhat hesitant in their buying behavior."
"Without main funds daring to heavily lead the charge, we can only rely on the concerted efforts of various active capital groups in the market,"
Old Wu said,
"Although I have completed my clearance and profit-taking, I still hope 'Teli A' can continue to return to limit-up and create new heights. Only if the speculation space of this stock goes higher, will the overall market speculation sentiment be stronger, and other follow-up stocks will have more opportunities for continuous sharp increases!"
"Who doesn't want this stock to keep rising?"
Xu Qiao said.
Saying this, he turned his gaze back to 'Teli A's trading interface.
Just as they were continuously discussing, 'Teli A's stock price had been hammered down to a decline of almost 3% below par by continuously sold profit-taking.
However, as market trading time continued to advance.
On 'Teli A's market, the selling pressure from profit-taking gradually weakened.
The bullish funds supporting the market immediately launched a counterattack, pulling 'Teli A's stock price back to near the red zone with little effort.
Then, throughout the morning, 'Teli A' fluctuated around its flat position.
Occasionally surging to a 2% or 3% increase, only to be hammered down by profit-taking and return to near the flat position.
Until after the sentiment brewed during lunchtime, and the overall market bullish sentiment further warmed up in the afternoon.
'Teli A', this core market demon stock, truly welcomed a large wave of continuous concerted bullish capital.
At 1:46 PM, as the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index were all in the red, and the 'Big Finance' and 'Big Consumption' main lines continued to perform, while the two previously oversold and lagging sectors, 'Film and Television Media' and 'Internet Software', also launched a full counterattack.
'Teli A's stock price rapidly surged, quickly recovering from its flat position to a 5% increase.
Afterward, as market trading time further progressed.
'Teli A's stock price continued to hover and fluctuate in the 5% to 7% increase range for a while, then once again surged with massive volume, attacking the limit-up board.
At 2:01 PM, 'Teli A's stock price touched the intraday limit-up board for the second time.
"Awesome, it really returned to limit-up."
Seeing 'Teli A's stock price return to the limit-up board, breaking through the 100-yuan barrier again, Zhao Zhiyuan of the 'Qilu Gang' main speculative capital, who almost cleared his position at a low point in the morning, couldn't help but show a look of astonishment on his face.
In the internal group, he @Liang Jiucheng and said,
"Brother Liang, you are indeed impressive. 'Teli A' truly created a miracle again, successfully returning to limit-up after a huge fluctuation of nearly 15 points."
"This is the time to clear positions and lock in profits,"
Liang Jiucheng said.
Zhao Zhiyuan was slightly stunned when he heard this, and said,
"Brother Liang, being able to return to limit-up means this leading stock still has opportunities to surge higher. Why leave at this time?"
"All expectations have been met, if not now, when?"
Liang Jiucheng asked,
"And the weekend news... I'm truly scared."
After the market closed last Friday, there was major negative news regarding 'Teli A', this demon stock, about a major shareholder's clearance.
Today was Friday again, at such a high position, if there was another piece of negative news, he truly couldn't handle it.
So, he didn't plan to earn the last bit of risk profit.
"I think Old Liang is right,"
Zhang Wei seized the opportunity to say,
"At this position, 'Teli A' has somewhat over-extended itself, both in terms of expected logic and sentiment. Moreover, this stock's current total market value and total circulating shares are already quite large. Concentrating further speculation upwards will be very difficult.
At this time, if any negative news is released, it can easily hit the stock price. Furthermore, if there is any negative news over the weekend, such negative sentiment is most likely to fully spread and ferment. Considering this aspect...
Subsequent risk profits will really be hard to earn. To be safe, with all expectations for this stock realized, taking profits and leaving is indeed the most appropriate operation."
After speaking, Zhang Wei didn't wait for the two to respond.
He immediately cleared out all his remaining chips on 'Teli A's market, which had already returned to limit-up.
Similarly, Liang Jiucheng also cleared his position without hesitation.
Zhao Zhiyuan, seeing his two companions dumping chips, hesitated slightly, then gritted his teeth and cleared his position to lock in profits.
As the main speculative capital of the 'Qilu Gang' all cleared their positions and left, the follow-up selling pressure on 'Teli A's limit-up board once again became heavy.
Ultimately leading to this stock at 2:14 PM.
Breaking its limit-up again.
However, this time the selling pressure from the limit-up break was far less severe than in the early morning session.
But, although the market selling pressure was not as severe as in the morning, the continuous limit-up breaks still significantly dampened the many follow-up funds that intended to take over.
So, in the subsequent trading time.
Both the selling pressure and the bullish support on 'Teli A's market began to decline.
Accompanied by the continuous slow progression of the market turnover rate, its stock price fluctuated back and forth at the limit-up position, continuously returning to limit-up, then continuously breaking it.
Finally, when 3:00 PM arrived.
As the two markets closed.
With the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index all closing in the red.
'Teli A', this core leading stock, closed at limit-up in the form of a 'rotten board', with a stock price of 104.33 yuan, and an intraday turnover rate of about 37%, setting a new historical high for both trading volume and stock price.
Facing 'Teli A's precarious closing situation.
After market, before the release of the two markets' Dragon and Tiger list.
In the post-market review of countless investors, there were huge disagreements regarding this stock's intraday performance and its subsequent trend expectations.
Some believed that 'Teli A' reaching such a high volume and forming a 'rotten board' at this position.
Indicated the stock price had peaked and the trend was ending.
Others believed that 'Teli A' being able to return to limit-up was a strong performance, and that its continuous intraday limit-up breaks and returns were a result of main capital-guided limit-up washing of chips, aiming to clear out early profit-taking accumulated in the market, allowing chips to be fully exchanged, thereby forming a new chip structure platform at this position to support 'Teli A's subsequent breakthrough to a higher market range.
Still others believed that this was large funds accumulating chips on the limit-up board, thinking that 'Teli A' still had at least double the upside potential.
But no matter the disagreements...
When 5:00 PM arrived, and the two markets' Dragon and Tiger list was refreshed.
When everyone saw that on 'Teli A's Dragon and Tiger list, 'Financial Street Fuxing Road', which had always been the core dominant force of this stock, had collectively sold 490 million yuan worth of chips intraday, and 'Qingchun Road', 'Jiefang South Road', 'Laodong Road'... all cleared their positions and left.
In an instant, all investors who had taken over 'Teli A's chips intraday.
Felt a chill run down their spines.
"It's over, 'Financial Street Fuxing Road' has cleared its position and left."
Retail investors who took over 'Teli A's chips at high positions intraday saw this Dragon and Tiger list data and instantly felt like crying without tears, knowing that there was likely no hope for this stock's subsequent trend next week.
"'Financial Street Fuxing Road' sold 490 million yuan, oh my god, no wonder this stock's market volume was so huge today."
"Unbelievable, how much did 'Financial Street Fuxing Road' earn?"
"At least 250 million yuan in profit, damn... that's amazing, earning 250 million on one stock."
"Counting 'Financial Street Fuxing Road's previous two operations, the profit this fund made on 'Teli A' is definitely more than 250 million."
"Counting the previous ones, it definitely has to double!"
"Alas... this Dragon and Tiger list is chilling, it really was shipping out at limit-up."
"No major speculative funds entered, truly hopeless, damn... I really shouldn't have bought 'Teli A's chips today."
"Is the demon king about to fall?"
"'Financial Street Fuxing Road' has left, this time the 'demon king' might really be coming to an end."
"Ten-fold space, that's almost enough, alas... shouldn't have been so greedy."
"With this Dragon and Tiger list data, it would be a ghost's chance to get out safely next week. Hope it doesn't open too low next week!"
"The main players are all gone, this stock feels finished."
"Is the bullish flag about to fall? If this core leader falls, I feel the trends of other main lines in the entire market won't be good either!"
"Numb, I really shouldn't have chased the leader today."
"Oh my god, I took on chips with my full position, I'm going to die this time!"
Amidst everyone's discussions.
The market investment sentiment regarding 'Teli A', this core leading stock, can be said to have taken an instant sharp turn.
The originally somewhat divided emotional situation instantly transformed into a consistent pessimistic situation.
Many retail investors who had taken over at high positions wailed, and many institutional groups who had taken over other leading stocks at high positions, or increased their positions at high points, seeing 'Teli A's extremely poor Dragon and Tiger list data at this time, also became anxious.
Of course, amidst this emotional shift.
Facing 'Financial Street Fuxing Road's massive sale of 490 million yuan worth of chips intraday.
Whether in the speculative capital circles or in major stock discussion forums, tieba, communities, financial media comment sections, etc., where retail investor groups gather online.
Everyone's sense of shock also reached its peak.
(End of Chapter)