Chapter 174 The Dragon Head Ends
7%, 3%, 1%, -2%…
In one minute, the stock price of Shanghai Steel Union dropped from the high limit to more than 12 points. The volume exploded instantly and reached the level of 50,000 lots. The transaction volume soared from 380 million when the limit was reduced in early trading. More than 700 million yuan, with a turnover rate of about 23%.
"This smash is really violent!"
Seeing the Shanghai Steel Union's daily limit of 96,000 orders a minute ago, to the 2.3% drop at this moment, Xu Xiang held the mouse in the Zexi investment trading room in Shanghai, looking at the remaining more than 20,000 in his account. Holding the unsold chips, he frowned slightly and couldn't help but sigh.
Just now, he did not expect that the Shanghai Steel Federation would suddenly open the market, so he did not place the order in time.
As a result, in this straight-line dive of Shanghai Steel Union, only about 16,000 lots of chips were sold, and the floating profit in the account retraced significantly.
Today, the stock price of Shanghai Steel Union has reached underwater.
If he places a huge order at this time, under the emotional collapse, it is very likely that the stock price will directly hit the limit, and no one will be able to sell the goods.
Therefore, they had no choice but to give up and continue to wait for the short counterattack after Shanghai Steel Union's straight dive.
"It seems that Fortune Road guy is really just making emotional hype on this stock, rather than any deep-seated logic." Xu Xiang stared at the Shanghai Steel Union, which had fallen to 4%, and it had temporarily disappeared. The panic caused by the huge amount of money that had just hit the market, and the market that was rapidly withdrawing, secretly said, "It's so decisive, I didn't expect... I calculated and calculated, but in the end, I made a wedding dress for others."
He is thinking...
At that time, on the day when Shanghai Steel Union fell to the limit, if he had not made a sudden move into the high position, which gave the majority of investors new imagination space and expectations for this stock, there is a high probability that Shanghai Steel Union would not have been able to get out of these four consecutive boards. The shrinkage and daily limit, and even... He thinks about it now. Fortune Road may have been really anxious to ship that day, but he blocked it in disguise, allowing the other party to make more than 50% more profits.
Otherwise, he couldn't figure out why the other party was so decisive in smashing the market today.
After all, although market sentiment has shown signs of reversing from highs and weakening, the tide has not receded so quickly. A highly popular leading stock like Shanghai Steel Union can be shipped moderately.
Moreover, the seal of this check is very clean today.
Logically speaking, I should be able to make another move tomorrow, but I didn't expect that all of a sudden, my path to wealth would be ruined.
Of course, without seeing the after-hours Dragon and Tiger ranking data, these situations are all his guesses at the moment, but he knows very well that at this moment, except for him and Fortune Road's funds, no one else can spend 2 in one go. There are more than 10,000 hands of chips, so it is easy to identify the funds that have just hit the market. They can only be funds from the Fortune Road.
Being robbed of the first opportunity by the opponent again, Xu Xiang felt very uncomfortable, but he could only accept it.
After all, the Fortune Road seat bonus is missing, and the overall investment sentiment in the market has begun to ebb. The internal chips of Shanghai Steel Union have been completely loosened by the rapid increase in volume, and it will be difficult to go up in the future. Even if he thinks in his heart If you feel uncomfortable, you have to sell out today.
Fortunately, this wave...
Although he entered the market with a high position and a heavy position, he still made a steady profit of about 40%. Even if he was beaten by the other party and the timing of his exit was not good, the profit was quite generous. There is no big regret.
Just when Xu Xiang lamented that Su Yu violently smashed the market and didn't follow the rules.
At this moment, Su Yu's eyes had shifted from the popular stock of Shanghai Steel Union to the extremely unpopular stock of Waigaoqiao that almost no one paid attention to.
In fact, according to his original expectations...
Today, when the Shanghai Stock Exchange continued to reduce its volume to the daily limit, the chip structure remained stable, and it was obvious that it could continue to make upward relays, and there was a high probability that there was still one or two boards left, he had no intention of exiting the market so quickly. At most, it would be at the daily limit. Slowly sell off the chips, leaving the last mouthful of soup for latecomers.
But since 10 o'clock in the morning, market sentiment has changed significantly.
Many large funds have begun to take advantage of the market's incremental funds to enter on a large scale. With the liquidity and acceptance power of high-level core popular stocks increasing significantly, they have begun to harvest, sell to stop profits, and exit at profits, making the Shanghai stock market The internal chips of Steel Union have also been loosened.
Moreover, Waigaoqiao, which he is particularly concerned about, suddenly experienced a large volume of selling today.
This allowed him to smell the opportunity to perfectly adjust positions and stocks, and switch between high and low.
Therefore, just after the market opened in the afternoon, the market investment sentiment further weakened and declined. They jumped in early and sold all the chips in their hands at the market price on the Shanghai Steel Union daily limit board.
Only then did Shanghai Steel Union's stock price plummet from the daily limit, falling 12 points in one minute.
From the time when the fund was established, he independently operated with 80 million yuan, bought the Shanghai Steel Union at the bottom, and continued to dominate the market of this check until now clearing out the stock, he has made a total profit of 183 million on this stock, a full 2.3 times. The net profit, of course... this is still the case that he has never fully operated on this check.
If you operate with a full position from the beginning to the end, the profit will have to climb up for a while.
The fund account he operates has a starting capital limit of 80 million, and now it has reached 260 million. His personal operating net worth exceeds 3.25, which is much higher than the overall fund net worth.
"Shanghai Steel Federation should be finished!"
While Su Yu was continuously using the funds he had recovered to take over the selling orders on the Waigaoqiao market, he glanced at the Shanghai Steel Union market again and thought to himself: "With the volume expanding to this extent, in the future... even if the good news of the 'Shanghai Free Trade Zone' comes out, it can only form a double-headed structure. It's a pity that the chief leader hyped it too hastily, shortening the life of this check."
According to his idea...
If Jiefang South Road, which was heavily invested that day, could not let the market sentiment ferment so quickly in the future, and continue to suppress it a little bit, and wait until the hype main line of the 'Shanghai Free Trade Zone' is revealed, Shanghai Steel Union will hit a 100 yuan stock price, and the market value will soar to 15 billion, or even 20 billion. It is impossible to continue to lead the entire market main line and open up a market hype space ten times the height.
As a result, now... it can only stop at 70 yuan, a height space of 7 times.
Although the 7-fold increase from the bottom has made it the strongest bull and monster stock of the year, it is still not as good as expected for Su Yu, who has always placed high hopes on this stock.
"Mr. Su..."
While Su Yu was thinking, Li Meng said in a hurry: "Shanghai Steel Union should not be able to pull it back. The current transaction volume of this stock has expanded to 880 million. It is estimated that it will break the 1 billion transaction volume mark today. The leader has collapsed, and market sentiment will inevitably suffer a greater blow."
"Should we take the initiative to sell off and quickly reduce the holding level of each core hot stock to the position we expected before?"
"What is the current holding level of each stock?" Su Yu asked.
"Compared with the peak of holdings, it is around 62%." Li Meng replied.
Su Yu nodded slightly and said, "Then continue to reduce it. When it drops below 60%, the internal chip structure of these stocks has begun to loosen. The adjustment time will not be short."
"Yes!" Li Meng responded and continued to instruct other traders to reduce their positions quickly.
And Su Yu also turned his head and looked back at the computer interface again, breaking down the big orders into small ones, continuously accepting the sell orders on the Waigaoqiao market one by one, and continuously increasing the position of this stock.
With the actions of everyone...
After 2 o'clock in the afternoon, the entire market's investment sentiment collapsed more and more rapidly.
After waves of funds bottom-fishing in Shanghai Steel Union, it still couldn't stop the decline. On the time-sharing line, each rebound was lower than the last. Finally, at 2:43, it hit the limit down board, and the stock price reached 57.75 yuan, with an amplitude of more than 20%, forming a ceiling and floor trend. The total transaction volume for the day reached 1.06 billion, and the turnover rate exceeded 36%.
And other high-level core hot stocks, under the influence of the collapse of the leader.
There was also a full-line sell-off, such as Huaqingbao, Changqu Technology, Tianyu Information, Huake Jincai... Even stocks such as Netspeed Technology, LeTV, and Fenda Technology, which are controlled by institutions, have also fallen by more than 5%. Among them, Huake Jincai and Tianyu Information followed suit and fell to the limit.
Finally, the market closed at 3 o'clock.
The ChiNext Index fell by 4.21%, setting the largest intraday drop since June 24, and was fixed at 1257.77 points. The full-day turnover was significantly increased by more than 20% compared with the average turnover of the previous week. There was a high-level volume peak, and the signs and expectations of the market outlook were not optimistic.
The Shanghai Composite Index fell by 1.85%, which was more resistant to decline than the ChiNext today.
Of course, this is also the reason why most stocks in the Shanghai Composite Index are already at an absolute historical low, and it is difficult to sell out of panic trading and there is no more room for decline.
The overall turnover of the two markets reached nearly 80 billion today, which is considered to be a new annual high.
This also shows that thanks to the strong and continuous upward trend of the ChiNext Index in the past month, many off-market investors have been fooled into coming in, forming a lot of incremental gains.
In addition to the index, concept sectors and individual stocks...
All the high-level hot sectors in the early stage, that is, the entire "pan-mobile Internet" concept and the "intelligent terminal equipment" related concepts, fell across the board, and the average sector decline exceeded 5%. On the contrary, some relatively unpopular concept sectors, such as infrastructure, real estate, finance, consumption, etc. on the main board, fell less. Of course... As the non-ferrous metals, coal, and steel sectors that have always been weak, they are still falling today, and the signs of capital flight are very obvious.
Among the individual stocks, the main injuries are also the core hot stocks that are closely related to the "pan-mobile Internet" concept and the "intelligent terminal equipment" related concepts.
For example, the core leader of the two markets, Shanghai Steel Union, fell to the limit, although it did not completely close the limit in the end, closing at 57.76 yuan, a drop of 9.99%, but the overall emotional lethality to the market is still fatal.
In addition to Shanghai Stock Exchange Steel Union, which is the ceiling and floor stock, more than 15 core hot stocks that hit the limit down during the day have hit the limit down. It can be said that it is tragic, and all of them have extreme volume. The vast number of retail investors who cut their losses from the main board and chased in, as well as the short-term hit-the-board group chasing high positions, and countless relay hot money main forces, were all killed and trapped at the top of the stock price.
Faced with such a closing result...
The entire market, almost all investor groups, are in mourning, among which... the retail investors who cut their losses from the main board and chased high positions are even more bitter, anxious, and regretful to the extreme.