Just as the three were in shock.
The stock price of 'Teli A' continued to plummet rapidly.
In just a few minutes, it was hammered down to the flat level by countless follow-on selling forces.
After being stunned by the hundreds of millions of funds dumped just now, Liao Guoxiang finally reacted.
Seeing over 40,000 lots of 'Teli A' shares in his stock account, he began to dump all available chips onto the market, decisively executing a stop-loss.
After all, the market sentiment for 'Teli A' had already collapsed at this point.
If he were to still think about maintaining the stock price and continue to invest funds to prop it up at this time, he would only get trapped deeper and deeper.
Therefore, he had no choice but to decisively stop losses and liquidate positions.
As the major speculative funds of the 'Foshan Faction' comprehensively sold off the chips bought yesterday, 'Teli A' plummeted even more fiercely in the late trading session.
At 2:53 PM, the stock price of 'Teli A' once again plunged to around a 5% decline.
At this moment, Su Yi saw that 'Teli A''s intraday turnover rate had reached approximately 19%, setting a new high for the turnover rate during the previous continuous limit-up period.
Knowing that the profit-taking and panic selling in the market were almost complete, he couldn't help but buy back 3,000 lots of chips near this position, absorbing a portion of the stop-loss selling from the 'Foshan Faction's' major funds.
Finally, when 3 PM arrived and the two markets closed.
The SSE Composite Index settled at a 1.79% decline, falling below 4100 points, while the ChiNext Index plunged 2.36%.
As for 'Teli A', the stock highly watched by market investors, it finally settled at a 4.29% decline, with a full-day amplitude exceeding 15%, an intraday turnover rate close to 20%, and intraday turnover exceeding 1 billion yuan, setting a new high for the stock's turnover in a month.
Facing this closing result.
The major speculative funds of the 'Foshan Faction', who dominated 'Teli A''s market trend today, were utterly devastated.
Although they decisively cut losses and stopped at the end of the trading day for the chips bought yesterday.
However, the chips they bought during today's trading session could not be sold, and the chips they bought today were generally more than those bought yesterday.
Regarding the final holding status of several individuals at this moment.
Liao Guoxiang of 'Foshan Jihua Sixth Road' still held 25,000 lots of chips that could not be sold, and his floating loss had already reached 5.23%.
Li Jinshi of 'Foshan Lüjing Road' still held 18,000 lots of 'Teli A' chips, also with a floating loss exceeding 5%.
Chen Guiyun of 'Foshan Zumiao Road' held slightly fewer 'Teli A' chips, but still 15,000 lots.
And because many of the 'Teli A' chips he bought today were purchased while chasing the limit-up, his floating loss was even larger, reaching 6.11%.
"Ugh, today is really depressing, haven't lost this badly in a long time!"
After the market closed, Chen Guiyun vented his frustration explosively in their internal small group.
"'Financial Street Fuxing Road' funds are truly ruthless,"
Li Jinshi replied, also feeling utterly depressed.
"If it weren't for these funds dumping such a large block at the limit-up, the market sentiment for 'Teli A' wouldn't have collapsed today, and it wouldn't have been an issue for all types of funds to jointly seal the limit-up until closing."
"How do you know that the guy who dumped shares at the limit-up in the late trading session today was the 'Financial Street Fuxing Road' funds?"
Chen Guiyun asked, not reacting immediately.
Li Jinshi replied,
"Three consecutive large sell orders of ten thousand lots each were dumped at the same instant. Apart from the 'Financial Street Fuxing Road' funds, no other major holding funds of 'Teli A' have this volume of chips. So... if it wasn't the 'Financial Street Fuxing Road' funds dumping, who else could it be?"
"It's my fault," Liao Guoxiang said, stepping forward at this moment.
"I didn't expect the 'Financial Street Fuxing Road' funds to be so patient. I originally thought that after these funds dumped 20,000 lots of chips at the open, they should have sold off all their chips when 'Teli A' traded below the opening price. I completely didn't expect this guy to hold onto his chips so tightly, only dumping them at the limit-up in the late trading session."
Even though Liao Guoxiang was fuming inwardly at this moment.
However, he had to admit his admiration for the 'Financial Street Fuxing Road' funds' grasp of the selling points during the trading day!
"It has nothing to do with Brother Liao,"
Li Jinshi sighed and said,
"It's because we don't understand the 'Financial Street Fuxing Road' funds well enough, unfamiliar with their trading strategy and style. Last time, Brother Wu of 'Jintian Road' and Old Zhou, 'Huzhou Big Brother', also suffered losses at the hands of these funds. Looking back now... we should have thoroughly studied their trading strategy and style then."
"Hmm!"
Liao Guoxiang replied,
"Next time, we must pay close attention to the movements of these funds."
As the speculative funds of the 'Foshan Faction' reflected on today's operational problems and turned their attention to the 'Financial Street Fuxing Road' major speculative funds, intending to deeply research their trading strategy and style.
At this moment, Su Yi gazed at the closing situation of the two markets, and also checked his account's holding data.
He was quite satisfied with today's trading operations.
Currently, his stock account still held a total of 21,000 lots of 'Teli A' shares.
Calculated at 'Teli A''s closing price of 28.84 yuan today, the total market value of his holdings was around 60.564 million yuan.
After a significant reduction in positions, the available funds in his account had reached 133 million yuan, and the total assets in his account had reached 194 million yuan, adding over 12 million yuan in profit compared to yesterday's close.
"I wonder how many chips the various speculative funds of the 'Foshan Faction' bought today?"
After a brief market review, Su Yi couldn't help but become curious about 'Teli A''s Dragon and Tiger List data for today, and privately mused with a smile,
"With 'Teli A''s performance today, plus the sentiment brewing over the weekend, when the market opens next Monday, the 'Foshan Faction's' speculative funds probably won't want to cut losses, but will have to stop losses and exit, right?"
According to 'Teli A''s intraday market trend.
Most of the market profits he harvested today should have come from the various speculative funds of the 'Foshan Faction'.
As Su Yi eyed 'Teli A''s Dragon and Tiger List data with full curiosity, at the same time, the two major speculative funds that had already exited today, 'Modu Hongqiao Road' and 'Mingzhou Sangtian Road', as well as the 'Foshan Faction' speculative funds temporarily trapped, and numerous investors across the entire market who were watching this stock, were also waiting with immense curiosity and anticipation for the 'Teli A' stock's Dragon and Tiger List to refresh.
Under the collective gaze of countless eyes.
At 5 PM, the Dragon and Tiger Lists for both markets refreshed, and 'Teli A' was still on the list.
And according to the buying and selling data disclosed for 'Teli A', everyone saw that the three major seats of the 'Foshan Faction', as well as 'Financial Street Fuxing Road' and 'Yanjing Fucheng Road', monopolized the top five buying positions, while 'Financial Street Fuxing Road', 'Mingzhou Sangtian Road', 'Modu Hongqiao Road', 'Foshan Jihua Sixth Road', and 'Foshan Lüjing Road' were listed among the top five selling positions.
"Huh... looking at 'Teli A''s list data today, it was entirely a war between 'Financial Street Fuxing Road' and the 'Foshan Faction' today."
When the 'Teli A' Dragon and Tiger List buying and selling data was fully presented, in a luxurious villa in a downtown area of Shenzhen, Wu Mingze, 'Brother Jintian', said with obvious surprise,
"I really didn't expect Liao to be completely trapped and killed by the 'Financial Street Fuxing Road' funds today. Rare, truly rare!"
(End of Chapter)
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