Chapter 103 Emotional Limit, Huge Volume Explosion!

At 9:15, the collective bidding in the two cities began.

Affected by the correction in the external market on Friday, as well as the central bank remaining immobile over the weekend, and the continued tightness of funds in the banking industry, the major sectors and major funds in the two cities have opened lower, with varying degrees of opening. Investment sentiment As sluggish as ever.

As the core concept leading stock in the two cities, Shanghai Steel Union has achieved eight consecutive boards.

The moment its stock price arrived at 9:15, it instantly changed from Friday's closing price of 18.51 yuan to 20.36 yuan, an increase of 10%, with a total market value of 3.054 billion, a circulating market value of 1.018 billion, 172 daily limit sell orders, and daily limit orders closed. 8900 lots.

"Eh..."

Seeing such an initial collective bidding board, Su Yu was surprised and said to himself: "False orders!"

Shanghai Steel Union has gone through eight daily limits up to now, and has reached the extreme market speculation position where the short-term following the trend will not increase.

That is to say...

At this time, this stock is already in the risk relay category.

Su Yu did not believe that at this position and at this stage, there would still be short-term main funds in the market, with more than 10 million yuan in capital, regardless of risks, to grab orders on the daily limit board.

Sure enough, following his guess...

At 9:16, the more than 8,900 orders on the Shanghai Steel Union daily limit board suddenly dropped sharply, turning into more than 900 loose orders.

Then, immediately after, the daily limit of Shanghai Steel Union was opened.

Selling orders increased and collective bidding orders soared, suppressing the stock price's downward step by step.

At 9:17, the call auction order exceeded 1,200 lots, the stock price dropped to an 8-point increase, and the selling orders were greater than the buying orders.

At 9:18, the number of collective bidding orders increased to about 2,700 lots, and the stock price fell to about 6 points under the pressure of continued increasing selling orders.

And when the time entered 9:19.

Both buying and selling orders began to increase further.

3200 lots, 3800 lots, 4300 lots, 5000 lots...

In just half a minute, the collective bidding order soared from about 2,700 to more than 5,000 lots.

Then, when the time was getting closer and closer to 9:20, some of the buying orders were cancelled, and the call auction orders did not change much. However, the stock price suddenly fell to around 2 points, and within ten seconds, it fell. Close to 4 points.

Immediately afterwards, at 9:20, the two cities fell into a real call auction where orders could not be cancelled.

At this time, the stock price of Shanghai Steel Union had fallen to around 1.8%, and the collective bidding orders had accumulated to about 5,500 lots.

"The volume-to-capacity ratio has further expanded compared to Friday's collective bidding stage."

Su Yu stared at the market of Shanghai Steel Union and secretly sighed: "This proves that the funds gathered in this stock are becoming more and more divergent, and their risk awareness is getting stronger and stronger, but... fortunately, the market as a whole is The collective bidding environment is still not good. Whether it is heavyweight stocks or concept stocks, it is still a weak situation with accelerated decline. The logic of short-term capital relay hedging has not been broken. Even if there are major differences, the market sentiment will not change instantly. Strong turned weak.”

"and……"

"It is better to start with an increase of 1.8% and attract more funds to enter the market than to forcefully maintain it at 7 or 8 points, and then be suddenly smashed when 9:24 comes."

And while he was deep in thought...

At 9:21, the stock price of Shanghai Steel Union began to gradually move up with both volume and price rising under the collective auction price situation of the two cities.

At 9:22, the stock price of Shanghai Steel Union returned to the 3-point increase range.

Moreover, buying orders once again dominated the market, with collective bidding orders increasing to 7,600 lots.

At 9:23, the stock price of Shanghai Steel Union continued to rise to a 4-point range, and the collective bidding orders increased to 8,900 lots.

When the time entered 9:24, the number of call auction matching orders on the disk began to increase rapidly. Within ten seconds, from around 8,900 lots, it exceeded 10,000, 12,000, 14,000...

Finally, when 9:25 comes.

The stock price of Shanghai Steel Union was fixed at 19.45 yuan, an increase of 5.09%. A total of 15,300 lots were traded, with a turnover of more than 29.7 million, maintaining a strong state.

In addition to Shanghai Steel Union, other stocks in the two cities.

98% of the stock prices opened lower. Among them, the core stocks of the popular concept sectors in the early stage of the GEM continued to make up for their losses, and the opening decline was generally greater than the GEM index. On the main board, the real estate and infrastructure sectors, which had maintained strong strength in the previous two days, also began to make up for their losses today. Overall, The decline was greater than that of the Shanghai Composite Index.

As for the 'big financial' sector, it continues to be sluggish and does not see any improvement.

Seeing the opening conditions of the two markets, Su Yu knew that the market's downturn was still accelerating and was continuing to spread towards the abyss of panic.

Of course, at this moment.

The GEM index has once again fallen within 1,020 points, and is about to return to the support range of 1,000 points to 1,010 points.

If it continues to take advantage of market sentiment, the range will be extremely limited.

"Hey, look at this situation, the index is going to fall for the fifth consecutive time, and the opening situation is too bad. If I had known that it would have been cut off on Friday, it would be really annoying!"

Faced with such opening conditions in the two cities, some people in the retail investor group of Su Yu's classmates complained.

"There hasn't been any bad news lately. The market is going...in a really bad way."

"I feel like I'm stuck in the previous trend of endless declines, with new lows every day."

"Is the rebound really over?"

"It should be completely over. After all, the Shanghai Composite Index has fallen below the 20-day line, and the ChiNext Index is still above the 20-day line. But as long as the Shanghai Composite Index continues to decline, it is only a matter of time before the ChiNext Index falls below the 20-day line."

"Ah, this market, you really can't hold any hope."

"Yes, the losses in the past few days are far greater than the profits in the previous week. I thought the market had reversed and added a lot of positions. I'm really tired this time."

"However, even if the market is weak, it's strange that Shanghai Steel Union can still rise."

"Yes, it's been eight consecutive boards, but today, under the collective weakness of the two markets, it can still open high. It's ridiculously strong and incomprehensible."

"In our group, Wang Can should have made a fortune, right?"

"Ah, the more you dare not buy a stock, the more it rises. If I had known earlier, I would have chased it in the past two days. Not only can I avoid the market 's decline, you can still make a lot of money. "

"It's not too late now..."

"It's a bit high now, right? I don't dare to chase it."

"I remember you said last Thursday that the risk was too high and you didn't dare to buy it. As a result, this check went up two more daily limit boards. Do you believe it can rise again? "

"Ah, the more I watch it, the more it rises. I am both angry and envious. "

"Indeed, I thought that this check reached the limit when it reached 5 daily limit heights, but I didn't expect that it would reach 6, 7, 8 daily limit heights... It refreshed my cognition again and again. Now you say that it can rise a few more times, I'm afraid no one dares to refute it with absolute certainty. I even suspect that as long as the market continues to fall like this, and the China Securities Regulatory Commission does not stop it, this ticket can still double up. After all, the market value of this check is not large until now. "

"Don't mention it, the current circulating market is only 1 billion, it is entirely possible. "

"Su Yu roughly flipped through everyone's discussions during the short suspension time from 9:25 to 9:30. He did not speak, but just observed the changes in market sentiment.

Judging from the opinions discussed in the class group just now...

Su Yu already knew that the Shanghai Steel Union had reached this point, which had overturned everyone's cognition.

At this moment, in the entire market, among the huge group of retail investors who pay attention to this stock, even though everyone knows that this stock has a huge potential risk of callback, they still can't help but be attracted by its money-making effect, and continue to relay at high positions in an attempt to avoid the market's decline.

And under this kind of retail investor sentiment and psychology...

Su Yu speculated that the Shanghai Steel Union should be able to tentatively touch the board in the fierce turnover after the opening of the market near the middle increase of 5 points.

Of course, the ChiNext Index has fallen to the support position where the most chips are gathered after the previous breakthrough.

In addition, the index has fallen for five consecutive days.

The market's expected rebound has reached a point of imminent under the extreme emotional suppression.

In this situation, at the height of the ninth board, Su Yu feels that it is unlikely to attract huge short-term large funds from the market and then seal the daily limit.

So...

No matter how the market changes today,

When the ChiNext Index once again entered the 1000-1010 point range, market panic broke out again, and it was time for him to resolutely exit.

During a brief contemplation, in the last two minutes of the official opening of trading.

Mr. Qian and Wang Can sent him private chat messages at the same time.

Facing the inquiries of these two people, Su Yu thought about the final stage. With the amount of funds of the two people and the current liquidity of the Shanghai Steel Union, there was no need to be too careful in timing, so he replied: "Sell it, I am also ready to exit."

And after he finished speaking...

At 9:30, the two markets officially started trading.

Su Yu saw that the trading disks of the two markets began to jump, and he could not help but quickly close the chat box, and his eyes were once again focused on the Shanghai Steel Union disk.

I saw...

The stock price of this stock began to rise rapidly after the opening, and the trading volume exploded rapidly. In less than 5 minutes, it increased from nearly 30 million at the opening to about 90 million, and the trading was extremely active.

Almost at the same time, the Shanghai Composite Index, Shenzhen Composite Index, and ChiNext Index fell synchronously.

At 9:37, the ChiNext Index touched 1010 points and fell into the range of 1010 to 1000 points without any hindrance.

At this time, Su Yu saw that the stock price of Shanghai Steel Union had broken through 20 yuan, with an increase of more than 8%.

He began to place orders quickly, selling 1000 lots, 2000 lots, 3000 lots... without hesitation or lingering.

However, as he sold.

The stock price of Shanghai Steel Union did not fall.

Instead, wave after wave of buying orders poured in crazily, and the intraday trading volume exploded again and again. Within a few minutes, the transaction amount increased from more than 90 million to 180 million, and it was still expanding crazily.

At 9:42, the ChiNext Index fell to 1006 points, and the decline rapidly expanded to 1.62%. The decline of the Shanghai Composite Index was almost a flash crash, with a decline of more than 2%. In addition, the intraday trading volume of the two markets was also rapidly expanding, and the panic mood increased instantly. In the "big finance" sector, a small-cap rural commercial bank directly hit the limit down, which brought down the investment sentiment of the entire market and crushed the psychological bottom line of all investors.

And at 9:43.

When the extreme plunge in the two markets reappeared...

Shanghai Steel Union, with endless short-term chasing funds pouring in, has a turnover of 260 million, a turnover rate of more than 24%, approaching 25%, and the stock price has rapidly hit the daily limit, reaching a price of 20.36 yuan.

"Almost!"

Su Yu looked at the seesaw effect of Shanghai Steel Union in the two markets, which was interpreted to the extreme. He directly cleared the position with one click and threw out the last 7,000 chips in his hand at the limit price.

However, when he smashed the market.

These 7,000 chips and more than 14 million funds.

The huge amount of chips that can usually smash a crater on the Shanghai Steel Union at this moment, but it only splashed a little water on the Shanghai Steel Union at this moment, and was instantly destroyed by the huge buying.

At 9:44, after Su Yu cleared the position.

The turnover of Shanghai Steel Union broke through 300 million, the turnover rate approached 30%, and the stock price briefly fluctuated on the daily limit, and then it was completely blocked.

Then...

When the entire market, the vast number of retail investors who followed the Shanghai Steel Union at the opening, were excited, worshipped this market monster stock that achieved nine consecutive boards, regarded it as a belief, and discussed it crazily.

At 9:47, the ChiNext Index hit the bottom at 1004 points and rose rapidly. The major hot concept sectors that were oversold in the early stage also rebounded simultaneously.

And almost at the same time, the Shanghai Steel Union, which had been unanimously sealed at the daily limit.

In an instant, great differences emerged, and the orders were withdrawn wildly. The huge amount of on-site selling seemed to be crazy and smashed the market desperately.

So far, the Shanghai Steel Union, which was sealed for less than 3 minutes.

It ushered in a huge explosion, and the stock price fell straight from the daily limit of 20.36 yuan.