Noticing the flash crash trend of 'Teli A' in the final moments of the call auction.
Su Yi knew that the short-term profit-taking capital groups gathered on 'Teli A' were already unable to resist starting large-scale profit selling, especially after discovering the widespread low opening across both markets, a decline in bullish sentiment, and a fading premium from 'Teli A's high open.
Under such circumstances, if they continued to stabilize the 'Teli A' trading board and forcibly pulled up the stock against the trend.
It would inevitably face even greater selling pressure from profit-taking, leading to a faster dissipation of its internal chip structure.
Therefore, in order to curb the massive selling pressure from profit-taking, and to promote healthy turnover and stable overall chip structure for this stock, Su Yi felt it would be better to actively trigger a decline himself, allowing its stock price to first resonate with the market trend, exchange hands below the surface, and continue to solidify the chip platform in this range.
Then, once the overall market trend improved again, or as the turnover rate progressed and the internal active chip costs of this stock further concentrated within the current price's limit-up and limit-down range, guiding various market funds to collectively go long might be more conducive to a significant breakthrough for 'Teli A' and to his own profit harvesting on this stock.
In short, it was at this moment.
This stock had once again reached a critical point where there was divergence between bulls and bears on the board, with excessive profit-taking.
Having understood this.
A few minutes later, when both markets officially entered the continuous bidding phase.
Su Yi didn't wait for the 'Foshan Group' speculative capital, which had entered yesterday and still had some floating gains at the current price, to dump the stock.
He directly executed two consecutive massive sell orders of ten thousand lots each, crashing the price of 'Teli A' from a positive trading status to a deep 5-point decline within a short 5-minute period.
"Damn it, who the hell is dumping so hard?"
Seeing 'Teli A's stock price instantly dumped into deep water after the market opened, at this moment, within the internal group of the 'Foshan Group' speculative capital, Li Jinshi, the trader behind the 'Foshan Lujing Road' trading seat who participated in taking over 'Teli A's shares yesterday, was completely stunned and couldn't help but complain.
"Floating gains instantly turned into floating losses, unbelievable..."
Chen Guiyun of the 'Foshan Zumiao Road' trading seat also couldn't help but exclaim in the group,
"Good thing we dumped 5,000 lots during the call auction. Otherwise, without a cost advantage, we'd truly be in a dilemma now."
"The market attention and discussion hotness for 'Teli A' are still very strong,"
Said Liao Guoxiang, the core leader of the 'Foshan Group' speculative capital, from the 'Foshan Jihua Sixth Road' trading seat.
"As long as the market's bullish sentiment remains, and as long as the underlying logic of the 'State-Owned Enterprise Reform' concept theme continues, then 'Teli A', the leading stock that has already demonstrated explosive profit-making effects, won't die so easily."
"Liao means..."
Liao Guoxiang continued,
"Let's observe the turnover first. I don't think there's anything to fear about 'Teli A' at this position, in this formation."
"Liao, does that mean you're not planning to cut losses now?"
Chen Guiyun asked.
Liao Guoxiang replied,
"Cut losses? What a joke. At this formation, this position, as long as 'Financial Street Fuxing Road' dares to dump, I'll take it all."
"Just now, it should have been 'Financial Street Fuxing Road' dumping the market, right?"
Li Jinshi said.
"I checked the transaction details from just now; it was primarily a sell of nearly 20,000 lots. It must be the 'Financial Street Fuxing Road' capital. It seems this capital has locked in its position until now and is planning to exit with profits at this point."
"This wave, the 'Financial Street Fuxing Road' capital, has earned at least tens of millions,"
Chen Guiyun said.
"If I were them, I would also take profits at this position."
"Since the 'Financial Street Fuxing Road' capital intends to leave, that's great,"
Liao Guoxiang said.
"I was just wondering how to shake out this capital."
At this moment, Liao Guoxiang, who was speaking in the internal small group.
Was smilingly seated in an elegant courtyard in the center of Foshan City, sipping Longjing tea, and watching the price fluctuations of 'Teli A' on his computer screen, without a trace of tension on his face.
In his stock account, he currently held a total of 18,000 lots of 'Teli A' shares.
And these 18,000 lots were already showing floating losses of over 1.7 million.
Besides the 18,000 lots of 'Teli A' shares he held, his stock account also had 160 million in cash that could be mobilized at any time and put into trading operations.
And this was also what he had just said in the group.
The confidence to take over all the dumping chips from 'Financial Street Fuxing Road'.
"Dump it, try to dump it even harder,"
Liao Guoxiang thought to himself.
"The harder it's dumped, the more turnover will be created, and then the stronger the rebound will be."
He had originally planned during the morning session.
To first dump the market, draw out profit-takers, then let 'Teli A' exchange hands below the surface, and continue to accumulate chips at low levels.
He just hadn't expected that the 'Financial Street Fuxing Road' capital would be so decisive.
Before he could even react, they had crashed 'Teli A's trading board.
Since that was the case, there was no need for him to dump the 18,000 lots of shares he held.
Liao Guoxiang observed the resonance between 'Teli A' and the broader market trend for a while.
Once the broad market index had fully reflected the negative news from the overnight overseas markets through a pullback, and had also fully released the accumulated profit-taking from the previous six consecutive positive days, showing signs of bottoming out and rebounding, or a relatively clear intra-day downtrend with decreasing volume and an uptrend with increasing volume.
He finally began to use the remaining cash in his account to gradually buy 'Teli A' shares at low levels.
The 'Foshan Group' capital was known among other speculative capital groups for their tendency to dump stocks.
Therefore, Liao Guoxiang felt that at crucial moments, he could fully utilize this conventional understanding of their capital to achieve certain trading or shakeout objectives for himself.
Just like this time...
Who would have thought that instead of following the trend and dumping their shares, this capital would instead increase its positions against the trend, shaking out all previous major capital chips, and continue to heavily bet long on 'Teli A', this leading stock that serves as a market sentiment barometer?
As long as the market continues, the 'Great Demon' will not die!
According to his judgment, driven by the concentrated long power of 'Zhengjin', the "national team", the market rebound clearly had not yet reached its exhaustion point.
Thus, whether it was the 'State-Owned Enterprise Reform' concept theme, serving as the main line of this rebound.
Or 'Teli A', the leading stock across both markets that had generated explosive profit-making effects and captured the attention of all short-term capital groups, there was definitely still huge upside potential and momentum for continued speculation.
"Huh... so fast, it's already trading with reduced volume and no movement?"
Just as Liao Guoxiang was continuously buying shares at low prices in the deep water, at 1:10 PM, Su Yi saw that 'Teli A', after its turnover rate reached around 11%, had shrunk to its limit in terms of volume, and its stock price could hardly be pushed down further.
He couldn't help but exclaim in surprise, thinking to himself,
"This change in volume, did the 'Foshan Group' not exit?"
(End of chapter)
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