At this moment, he himself was still holding 33,000 lots of chips that hadn't been sold.
But even excluding these 33,000 lots of chips in his hand, in the past few days when he maintained a locked position, the turnover rate of 'Teli A', given the drastic price fluctuations and severe divergence between long and short positions on the market, should not have dropped to 11% and then become untradeable.
Now that the market has changed like this.
Su Yi could only guess that the main capital from the 'Foshan Group' that entered yesterday had not sold out their chips at all.
"It seems they're unwilling to take a stop-loss and exit, and want to continue going long!"
Su Yi smiled, and in an instant, he guessed the other party's motive, thinking to himself,
"However, at this position, 'Teli A' continuing to churn in deep waters, further consolidating chip costs, and clearing out some profit-taking positions before continuing to go long, isn't necessarily wrong."
The broader market, after consolidating for most of the day, was gradually rebounding.
It was clear that there were no major trend risks in the broader market currently, nor any liquidity crises.
If, at this time, one were to continue hyping up concept themes, continue creating the leading stock's profit-making effect, and continue attracting active funds from all sides to collectively go long, it would be entirely feasible.
After understanding the other party's trading motive, Su Yi also began to accumulate chips selectively at low prices.
And, in the process of accumulating chips.
He was buying at rising prices, deliberately attracting the attention of the 'Foshan Group' hot money.
The purpose of him doing this.
Firstly, to let the other party understand that there was large capital following to snatch chips at this position, dispelling their concerns about pulling the market up and going long.
Secondly, to force the other party to compete more aggressively with him for chips, driving up the stock price in advance.
As for why he wanted to force the 'Foshan Group' hot money to pull the market up in advance, it was because he wanted this capital to act as a suicide squad, to test how much upward pressure 'Teli A' was facing to continue its main upward trend and hit the limit up.
1000 lots, 2000 lots, 4000 lots, 6000 lots…
When Su Yi bought against the ask prices and regained 13,000 lots of chips.
Liao Guoxiang finally couldn't sit still and had to place large primary buy orders, sharply pushing up the price of 'Teli A' even though the turnover rate had not reached his expected target.
Su Yi saw the abnormal sharp rise in 'Teli A's stock price and followed with another large order of 5000 lots.
He brought his holding of 'Teli A' chips back above 50,000 lots, and at the same time, pulled 'Teli A's stock price back into positive territory.
Liao Guoxiang saw that this unknown main capital was still competing with him for chips.
And he also saw that as 'Teli A's stock price returned to positive territory, countless active short-term fund groups also gathered and followed.
He couldn't help but issue a call in the internal small group.
Immediately, large orders and extra-large orders surged upwards, violently pushing up the stock price.
Under the massive primary buying attack of the entire 'Foshan Group'.
Amidst countless active short-term fund groups rapidly following suit.
With the strong rebound of the broader market index, and the 'State-Owned Enterprise Reform' concept sector also following with unusual movements.
And with the rapidly escalating expectation of 'leading stock hitting limit up'.
At 2:05 PM, 'Teli A' staged a strong comeback all the way from a 6-point decline underwater, once again hitting a new high for this rebound and touching the limit up price.
At 2:06 PM, 'Teli A' locked onto the limit up, with buy orders reaching over 100,000 lots.
After that, driven by 'Teli A's limit up.
In the market, 'State-Owned Enterprise Reform', 'Oversold Rebound', 'New Stocks'... and other concept sectors, along with their related concept stocks, all showed unusual movements.
However, in the midst of the entire market's renewed strong counterattack.
Su Yi found that the overall selling pressure in the market, after a brief emotional reversal, did not diminish.
Instead, it sharply increased with the rebound in stock prices.
This indicated that the short-term profit-taking accumulated from the previous six consecutive days of index gains, as well as the floating selling pressure near 4100 points, had not yet been fully released.
In other words, the market's short-term adjustment had not yet completed, and the pressure for a rebound and upward attack remained immense.
"It feels like a forced ascent, struggling somewhat."
Feeling that the market's trend was not as strong as the emotional feedback suggested, Su Yi frowned, thinking to himself,
"Like this... I'm afraid it will still fall back towards the end of the trading day."
Sure enough.
When the short-term chasing sentiment brought about by 'Teli A's limit up weakened.
The market trend instantly could no longer provide positive feedback, and instead began to turn downwards for further adjustment.
Even around 2:40 PM, the Shanghai Index had fallen back near the 2% decline level, and in the entire market, only the main theme of 'State-Owned Enterprise Reform' concept was still struggling to hold on, still concentrating a certain degree of profit-making effect.
Su Yi then looked at 'Teli A's trading screen.
Although this stock was still locked at the limit up, scattered retail sell orders had already begun to increase.
And, large sell orders of over 100 lots also gradually started to emerge.
Su Yi pondered for a while, thinking to himself,
"It seems the pressure to maintain the limit up is still high, emotional expectations and the broader market trend cannot form a consistent resonance.
At the same time, profit-taking positions and other hidden floating chips still need to be cleared, and the chip platform in this price range needs to be further solidified before a true upward breakthrough can be achieved."
Thinking this, he decisively began to dump shares at the limit up price, harvesting the 'Foshan Group' funds that had painstakingly created a profit-making effect on the market today.
When his mighty 33,000 lots of primary selling chips were dumped.
The 'Teli A' limit up buy orders, originally close to 100,000 lots, didn't last 30 seconds before rapidly exploding amidst countless funds following suit to dump and withdraw orders.
Immediately, 'Teli A's stock price flash-crashed.
In just one minute.
It plummeted directly from the limit up price to a 3% gain.
And as 'Teli A's stock price was crashed by over 30,000 lots, a hundred million in primary selling funds, and the market trend completely collapsed.
In Foshan City, Liao Guoxiang, who was originally pleased with his trading skills and market manipulation techniques today, was instantly wide-eyed with shock, the warmth in his heart completely extinguished by a bucket of cold water poured over his head.
"Who the hell crashed the market?!"
Liao Guoxiang roared in his heart,
"Today's market trend, underwater turnover, buying the dip on the leader, violently pushing for the limit up to consolidate sentiment, and expanding profit margins opportunistically, how could it be wrong? Where did it go wrong?"
At the same time.
Li Jinshi of 'Foshan Lvjing Road' and Chen Guiyun of 'Foshan Zumiao Road', who had followed Liao Guoxiang in increasing their positions to go long, were also completely stunned, their fervent emotions instantly turning cold.
Although at this moment, their respective stock accounts had not incurred excessive losses, and some even had floating gains.
But there were still more than ten minutes until the market close, and what was even more terrifying... was next Monday, after the weekend's emotional buildup!
(End of Chapter)
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