However, this was unlike Liao Guoxiang's current interpretation of the market at 'Foshan Jihua Sixth Road'.
At the same time in Yuhang, within a large flat luxury apartment in the city center.
Zhao Qiang, a new-generation speculative fund manager who had recently made a name for himself in the stock 'CRRC' and was known as 'Brother Zhao' among retail investors, gazed at the trend of 'Teli A' during the call auction and was in complete agreement with 'Financial Street Fuxing Road''s earlier price suppression.
"'Bidding from low to high is the only way to create the expectation of a shift from weakness to strength. 'Financial Street Fuxing Road''s trading operation is absolutely fine.'
Last Friday, he also bought a significant amount of 'Teli A' chips using the 'Galaxy Securities Yanjing Fucheng Road' trading seat, and was temporarily trapped, but he wasn't flustered at all; instead, his eyes showed obvious excitement.
'If it were truly a 'one-line death blow,' this fund, 'Financial Street Fuxing Road,' wouldn't have withdrawn its orders at the last moment. Therefore... judging by its motives, this fund still intends to go long. If that's the case, then it's manageable.'"
Having understood this.
Zhao Qiang decisively began placing follow-up orders, taking on the 'Teli A' shares at the bottom.
He judged, based on the previous trading style of 'Financial Street Fuxing Road' fund, that this fund still possessed a certain level of foresight.
As long as the other party's intention was to go long and not let 'Teli A,' this leading stock, simply die.
Then he believed the other party wouldn't crash the market at a critical emotional turning point.
As for the speculative fund 'Foshan Faction'.
He believed that if the other party wanted to withdraw safely, there was no reason to preemptively lock in a limit-down with large orders during the call auction.
After all, at this time, the more funds preemptively rushed out, the less support the market would have, and the more negative the sentiment would become.
Conversely, only by temporarily suppressing the urge to sell, attracting a large number of bargain hunters to intervene, and timely creating an emotional expectation of a shift from weakness to strength during the call auction, could more combined capital strength be drawn in at market open.
And predictably...
Facing 'Teli A''s low opening trend, which didn't involve large or super-large orders preemptively pushing it to a limit-down, there were quite a few bargain-hunting funds with similar ideas or those wanting to bet on a 'dragon's return'.
Thus, when various short-term bullish funds poured into 'Teli A''s market.
From 9:21 AM, 'Teli A''s stock price steadily climbed upwards from its limit-down position.
Finally, when 9:25 AM arrived and the call auction for both markets concluded, 'Teli A''s stock price settled at a 3.79% drop.
In just 5 minutes, it had continuously risen by more than 6 percentage points.
Such a trend in the call auction.
Although the stock price ultimately opened significantly lower, it clearly instilled an expectation among the many investors following this stock that the price wouldn't fall further, and the market was shifting from weakness to strength.
"'Huh...' Watching 'Teli A''s stock price at the end of the call auction, Liao Guoxiang's face also showed a clear look of surprise at this moment, and his mind finally registered that the price suppression by 'Financial Street Fuxing Road' fund before 9:20 AM seemed not to be targeting him, but rather to push the stock price lower and use bargain hunters to create a market expectation of a shift from weakness to strength. 'It seems I misunderstood just now. This fund... truly has some skill in guiding market sentiment!'"
"'Brother Liao, I feel 'Teli A''s call auction trend is a bit better than expected!'"
While Liao Guoxiang was reviewing the entire call auction process of 'Teli A' and pondering the intentions and motives of 'Financial Street Fuxing Road' fund, Li Jinshi, in the internal group of his 'Foshan Faction,' also clearly noticed the change in 'Teli A''s market sentiment and couldn't help but exclaim in the group.
"I originally thought it would open limit-down, but unexpectedly it was pulled up by bargain hunters. It's indeed a bit better than expected."
Chen Guiyun also said at this moment,
''What should be weak but isn't, is strong. 'Teli A' seems to still have an opportunity to move upwards and a corresponding expectation."
Seeing that Li Jinshi and Chen Guiyun also formed a positive market expectation for 'Teli A' at this moment.
Liao Guoxiang couldn't help but admire 'Financial Street Fuxing Road' fund even more.
for its ability to guide market sentiment and expectations.
"Is it possible that what you consider 'better than expected' was actually guided by the 'Financial Street Fuxing Road' fund?"
Liao Guoxiang said,
"And this fund did this to attract more bargain-hunting funds to take over, and at the same time, to alleviate the selling pressure from aggressive selling by various funds holding shares in the market, thereby allowing their own chips to exit more effectively."
"Brother Liao, are you saying there's still no hope for 'Teli A''s market today?"
Li Jinshi said,
"Is our optimal trading strategy still to decisively stop-loss while there's liquidity and support for this stock?"
Liao Guoxiang said,
"With so much capital buried in this stock yesterday, how can it easily reverse its trend? Furthermore... looking at the overall market trend, signs of fading speculative sentiment are still very clear. At this time, 'Teli A' cannot resonate with the broader market's bullish sentiment. Of course, this is my personal opinion. If you two think you can hold, you can wait and see."
After speaking, Liao Guoxiang turned his gaze back to 'Teli A''s market, which had officially entered the continuous auction phase.
After just five minutes of emotional brewing.
At the very moment of opening, 'Teli A' was swiftly pushed up by various bargain-hunting funds to within a 1.5 percentage point drop, showing strong signs of turning red and rising.
Liao Guoxiang stared at 'Teli A''s stock price changes.
Feeling that the loss at this level was acceptable to him.
He no longer hesitated, directly selling off orders of 1000 lots, 2000 lots, 4000 lots... decisively executing a stop-loss operation.
In his view, for short-term trading.
The most important thing was to adhere strictly to discipline.
Whenever one knew their previous trade was wrong, they had to correct it promptly, without any illusions, and decisively stop-loss.
This was the most fundamental reason why he could survive in this market long-term.
And precisely because he was extremely decisive and swift in everything, whether following trends, igniting a limit-up, or stopping-loss, primarily emphasizing the character '快' (fast), he was known as 'Foshan Shadowless Kick' in the speculative fund world.
This was his trading and operational style, and also the source of his profits and losses.
As Liao Guoxiang took advantage of 'Teli A''s good liquidity at opening to execute a massive stop-loss, Li Jinshi and Chen Guiyun hesitated for a moment but ultimately decided to follow suit, stopping-loss and exiting.
And with the entire 'Foshan Faction' selling off nearly 60,000 lots, roughly 170 million in shares.
'Teli A''s stock price, under strong selling pressure, also had to fluctuate downwards again, gradually falling past its opening price and into deep waters!
(End of Chapter)
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