As the market's expectation for 'Teli A' to hit limit-up became increasingly strong.
In the market, the desire of investors following this stock to chase it naturally grew stronger.
This led to an increasing number of main buy orders and active primary buying funds aggressively sweeping up shares on 'Teli A's trading board as trading hours progressed.
It also caused a decrease in the selling desire of active sellers, and the trading volume on the board showed a continuous shrinkage.
At the same time, due to the reversal in 'Teli A's market trend.
The broader market index, which had plunged sharply at the opening, along with a host of leading stocks in hot concept themes across main concept sectors.
Now all followed suit and rose, gradually recovering the ground lost from the early-trading plunge.
Among them, stocks like 'Chuansheng Jiuzhou', 'Yishang Exhibition', 'Tonghuashun', etc., rebounded by over 5% within just ten-plus minutes.
However, as 'Teli A' once again showed a trend towards limit-up.
The stock 'Meiyan Jixiang', which had once formed a 'high-low rotation' posture on the market, ready to usurp 'Teli A' as the leading stock and gathering follow-on funds from various sources, instead fell back from its intraday high, gradually entering a weak consolidation.
"Alas, this kind of breaking the limit-up trend can actually recover, it's truly unexpected."
Seeing that the bullish sentiment in both markets was once again driven up by 'Teli A', and also noting that the bullish/bearish pattern on 'Teli A's trading board was reversing, He Zhong sighed lightly within the 'Gusu Faction's internal group of main speculative funds, saying:
"Looking at this… 'Teli A' will likely re-seal at limit-up. Selling off chips for profit-taking in the early morning was a bit too hasty."
"This market trend… is truly resilient,"
replied Old Qian in the group.
"Despite a large number of profit-takers in the market heavily selling off, and signs of a loosening chip structure, it can still show reduced volume at this moment."
"Actually, the volume of chips sold off in the early morning today was not small,"
Zhang Xinlei also said at this point.
"It's just that the funds absorbing the selling were more than we imagined, forcefully resolving the selling pressure from profit-takers on this stock. Currently… it feels like if the market's turnover rate becomes more sufficient, it will likely re-seal."
"The leader never dies!"
Zheng Jinming squinted at 'Teli A's market trend and couldn't help but exclaim.
"I really want to take back the chips,"
He Zhong paused, and said.
Old Qian replied:
"But taking back the chips at this position won't leave much profit margin. It's a pity… we should have bought some chips at the intraday low earlier."
"Buying at this time means gambling on tomorrow's premium,"
Zhang Xinlei said.
"I think if 'Teli A' can re-seal at limit-up, as the highly central leading stock in the market, there should still be a higher open premium tomorrow, right?"
"But how high is the probability of it re-sealing at limit-up?"
Old Qian asked, feeling a bit hesitant.
Zhang Xinlei thought for a moment and said:
"Around sixty percent, I'd say?"
"Let's wait and see,"
Zheng Jinming thought for a moment and said.
"In the early morning, profit-taking funds in the market sold off 800 million. This volume, compared to the previously accumulated profit-takers, is neither too big nor too small. It's certain that… there are still quite a few profit-takers holding positions in 'Teli A' at this moment.
For this stock to re-seal under these circumstances, the market pressure is still considerable, and this is also the reason why, despite continuous shrinking of intraday volume on this stock's board, no main funds dared to rashly push for a limit-up seal."
He admitted that the hasty selling for profit-taking in the early morning was a mistake, a wrong trading operation.
However, he believed that one should not, because of a wrong trading operation in the early morning, continue to chase positions to take back chips, disregarding buying and selling logic.
After all, in trading.
Such irrational operations, without calm analysis, often only compound errors.
"Yes, yes, analyzing 'Teli A's current market pattern…"
Old Qian said,
"A more certain buying point should be the moment this stock successfully re-seals at limit-up. Only when it's confirmed that this stock can successfully re-seal, will a definite buying point appear."
"If 'Teli A' can re-seal at limit-up…"
He Zhong said,
"then 'Chuansheng Jiuzhou' should also have a chance to hit limit-up, right?"
"Old He, are you thinking of trading 'Chuansheng Jiuzhou'?"
Zheng Jinming asked.
He Zhong paused, and replied:
"I feel that under the current market pattern, 'Chuansheng Jiuzhou' might have even greater potential for upward movement on the board. Based on observations of 'Chuansheng Jiuzhou's previous trend, this stock's market movement is strongly correlated with 'Teli A'.
As long as 'Teli A' can re-seal and continue to create upward speculative room, then 'Chuansheng Jiuzhou' will also likely have an opportunity."
"'Chuansheng Jiuzhou' is indeed a viable stock to trade,"
Zhang Xinlei said.
"The logic for trading 'Chuansheng Jiuzhou' is actually the same as the market logic for trading 'Teli A'."
Old Qian hesitated and said:
"I just don't know if the 'Qingchun Road' and 'Shaoxing Branch' — these two main speculative funds of the 'Yuhang Faction' that gathered on 'Chuansheng Jiuzhou' — have left or not.
If these two funds haven't exited, then it won't be easy for us to create significant upward space by mainly attacking this stock, after all, these two funds have a considerable advantage in holding costs for this stock."
"It doesn't matter much whether the 'Qingchun Road' and 'Shaoxing Branch' funds have left or not,"
He Zhong said.
"As long as 'Teli A' doesn't die and can continue to create consecutive limit-up space, there will always be other funds following suit to trade 'Chuansheng Jiuzhou'.
In this situation, even if 'Qingchun Road' and 'Shaoxing Branch' sell off, it won't have too much impact on its market trend. What's more… since they know the market can go up, these two funds have no reason to sell off, after all, who would dislike making more money?"
As He Zhong spoke.
'Teli A' still remained within the 8% gain range.
While 'Chuansheng Jiuzhou' had followed suit and attacked upwards, reaching approximately a 4.5% gain, having rebounded by almost 6 percentage points from below its opening price.
Judging from the market trend elasticity of the two stocks.
The price elasticity of 'Chuansheng Jiuzhou' is not weaker than that of 'Teli A'.
Moreover, from the perspective of circulating shares, the circulating market cap volume of 'Chuansheng Jiuzhou' is considerably smaller than that of 'Teli A'.
Logically, the accumulated volume of profit-takers in the market and the upward pressure to seal the limit-up would both be lighter than for 'Teli A'.
"What Old He said… also makes some sense,"
Old Qian replied.
"Then let's try 'Chuansheng Jiuzhou',"
Zheng Jinming said after pondering for a while.
"As long as 'Teli A', the core overall leader, doesn't die, then the market's core concept theme will, with high probability, still revolve around the 'SOE Reform' theme."
Having said that, Zheng Jinming no longer hesitated.
His fingers rapidly tapped the keyboard, and the funds in his account rapidly poured onto 'Chuansheng Jiuzhou's trading board.
He extensively swept up chips on its trading board, building positions.
As the main funds of the 'Gusu Faction' turned to attack 'Chuansheng Jiuzhou'.
As the core main fund of 'Chuansheng Jiuzhou' in the market, Zhao Qiang of the 'Yuhang Faction' instantly noticed this unusual market activity and couldn't help but exclaim in surprise and doubt.
He quickly sent a message to Sun Chengyu, with whom he was connected on the chat software:
"Brother Sun, you aren't pulling up the market, are you?"
"Are you talking about 'Chuansheng Jiuzhou'?"
Sun Chengyu replied.
Zhao Qiang heard Sun Chengyu's question, knew it wasn't him, and couldn't help but reply:
"Yes, this stock. Why did such a large volume of buying orders suddenly emerge for this stock?"
"Normal,"
Sun Chengyu said.
"If 'Teli A' can still generate a profit-making effect, then there will definitely be follow-on funds trading this stock."
"Haha… good thing I held back in the early morning,"
Zhao Qiang said with a laugh.
"Looking at the market trend, follow-on bullish funds have fully poured in,"
Sun Chengyu said.
"In this situation, it's truly time to pull it up."
Saying that, he didn't wait for Zhao Qiang's reply.
The funds in his hand rapidly injected into 'Chuansheng Jiuzhou's trading board.
Leveraging the bullish sentiment of follow-on funds and the assistance from the overall market's bullish sentiment, he further pushed up 'Chuansheng Jiuzhou's stock price.
At the same time…
On the trading boards of hot concept stocks in main concept themes such as 'Mingzhou Zhongbai', 'Tiancheng Controls', 'Puyang Huicheng', 'Duofluduo', 'Yishang Exhibition', 'Tonghuashun', etc., the respective controlling main funds and the various gathered bullish main funds were also jointly pulling up the market.
The overall bullish sentiment in the market, after a large fluctuation.
Not only did it not continue to decline, but it seemed to grow stronger.
Under this situation where active funds across the entire market were actively taking over and various follow-on funds were actively going long.
At 10:19 AM, the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index had almost entirely recovered their plunges since the market opening.
At this time, the 'Big Finance' and 'Big Consumption' themes also began to become the main attacking force driving the market upward, continuously leading the indices in a rebound and breakthrough.
"Holy crap, the entire market's bullish sentiment has surged up again."
Noting that the market patterns of both exchanges had completely reversed and largely recovered from the early-morning plunge, Xu Qiao, who was in Su Yi's 'Modu Ultratrading Gang's internal group of main speculative funds and had also taken profit and completely sold off 'Teli A' chips in the early morning, couldn't help but exclaim in surprise, feeling a slight regret for his early-morning profit-taking operation.
"It's not just the bullish sentiment that's fully recovering,"
Old Zhang said.
"Big Finance, Big Consumption, CSF Holdings, SOE Reform, Lithium Battery, Industry 4.0, Internet Finance, Apple Concept… all core concept themes have also reversed compared to their early-morning trends."
"Today's market trend is truly amazing!"
Old Wu exclaimed.
Brother Chen replied:
"Looking at it now, that rapid plunge in the early morning was a deliberate wash-out. Its purpose… was to clear out a large number of profit-taking chips that entered earlier. Alas… we really shouldn't have been so eager to sell off chips. Now, wanting to buy them back means we can only chase higher prices again."
"Who could have predicted this kind of market trend?"
Xu Qiao said.
"However… I feel that 'Teli A's trading volume is limited today. After huge fluctuations in the early morning, the turnover is only about 14% so far. Based on this turnover, I always feel that Brother Su is still in a locked-up position."
Old Zhang pondered for a moment and replied:
"Without a doubt, Brother Su is definitely still locking up positions."
"We sold wrongly,"
Old Wu said.
"Do you all think we can still seize the opportunity to take back chips now?"
"I think we can,"
Xu Qiao said.
"The overall bullish sentiment in the market has risen, so 'Teli A' will likely be able to re-seal at limit-up."
"But this selling and then buying unnecessarily raises the holding cost!"
Old Zhang said.
Old Wu said:
"It's better than losing the opportunity, isn't it? Since we felt we made a wrong move, we have to correct it promptly."
Saying that, his gaze immediately shifted to 'Teli A's trading board.
Taking advantage of the stock not yet completely resealing at limit-up, he re-injected the funds he had sold for profit-taking in the early morning, chasing higher prices to snatch chips of this stock, swiftly reclaiming the chips and positions lost in the early morning.
Following his actions…
Xu Qiao, Old Zhang, Brother Chen, and the others hesitated for just a moment.
Seeing that the broader market index, along with main concept themes like 'CSF Holdings', 'SOE Reform', 'Lithium Battery', 'Big Finance', etc., were still accelerating their upward attack, and witnessing the entire market's bullish sentiment continuously brewing and attracting more and more funds to follow and take over.
They too followed suit and pursued, continuously buying into 'Teli A's trading board.
As more and more short-term fund groups, and their follow-on main fund groups, began to further converge on 'Teli A's trading board.
At 10:27 AM, 'Teli A's trading board again experienced a surge in volume.
Two consecutive large main buy orders of ten thousand lots each, totaling over 100 million in funds, boldly poured onto 'Teli A's trading board.
In just an instant.
All pending sell orders in front of 'Teli A's trading board were swept away.
Immediately after, under the primary attack of this colossal main buy order, 'Teli A's stock price surged straight up under the watchful eyes of everyone, touching the limit-up board for the second time intraday.
At 10:28 AM, when 'Teli A's stock price touched the limit-up position.
Surging selling pressure from profit-takers again emerged.
However, this time, the concentrated selling pressure from profit-takers was unable to stir up waves on the trading board.
5,000 lots, 7,000 lots, 8,000 lots, 10,000 lots…
The continuous selling pressure from profit-takers was instantly dissolved by the 'suicide squad' funds gathered to hit the limit-up and the main funds from various parties following suit to snatch chips.
When the concentrated selling pressure from profit-takers was dissolved.
Only about 30 seconds after 'Teli A' reached the limit-up price.
Its stock price completely sealed at the limit-up.
Su Yi watched 'Teli A' re-seal at limit-up, noting that its limit-up bid quantity had surged to over 70,000 lots within just one minute.
Knowing that the stock's limit-up seal was a complete success.
He then conveniently sold the number of chips he had bought at intraday lows on the limit-up board.
Keeping his position weighting and position size in this stock at a relatively constant and appropriate level.
After all, he was currently the largest main fund within 'Teli A'.
He did not want his excessively heavy position to suppress the willingness of other main speculative funds to follow and take over, nor did he want to create a monopolistic holding situation in this stock, causing excessive interference with its subsequent market trend.
Furthermore…
As long as 'Teli A's market trend pattern is maintained.
As long as 'Teli A's speculative high space is further created.
Then, under the leadership of this stock, the overall bullish sentiment in the market will definitely continue to brew.
This will allow his core holding chips in the 'Lithium Battery' sector to obtain maximum profit space, enabling him to seize more profits from the market and this round of rebound.
The so-called 'four ounces move a thousand catties'.
In this round of his trading operations, 'Teli A', the stock he mainly attacked.
Was the 'four ounces' he used to sway the entire market's rebound, consolidating and extending the market's bullish sentiment.
(End of Chapter)