However, although he had this idea, he did not implement it immediately.
Instead, he continued to watch the market, patiently waiting for the last wave of bottom-fishing long sentiment in 'Teli A' to be released, and for the turning point in the intraday trend of the broader market after it had digested the panic selling chips from a multitude of popular high-flying concept stocks.
In other words, even at this moment.
'Meiyan Jixiang''s intraday turnover rate had already reached a relatively sufficient level, and the floating selling pressure chips on the market had been largely digested through continuous turnover.
However, Su Yi felt that the truly appropriate timing to pull up the stock, and the opportunity to seize the leading position from 'Teli A'.
Had not truly arrived.
As a seasoned trader and market maker, in Su Yi's opinion, in addition to honing trading and operational skills, the most crucial thing was to possess an extremely patient heart that remained decisive and calm at critical moments, in order to achieve stable profits in the brutal financial market.
As he waited patiently...
At 1:46 PM, after 'Teli A' plummeted to an intraday low of around 3% loss, it saw a concentrated rush of bargain-hunting funds.
In just a few minutes, its stock price was pulled back to a 3% gain by the surging buying capital, showing a strong potential to hit the daily limit again.
At the same time, 'Chuansheng Jiuzhou' also quickly rose from the deep red to positive territory.
And other concept stocks that followed 'Teli A', after digesting a wave of concentrated selling, also showed a significant rebound.
However, this brief emotional recovery did not last long.
When 1:52 PM arrived, as 'Teli A' surged to a high of 4.5% gain, a relatively concentrated, massive selling of chips occurred on its market again.
Immediately after, in the blink of an eye.
'Teli A''s stock price plummeted again, and its intraday turnover rate had reached a new high of 23.79%.
At 1:55 PM, 'Teli A''s stock price, under continuous selling pressure and with the broader market continuing its decline, plunged again, turning from red to green.
Subsequently, a large number of short-term investors who had been following 'Teli A'.
Seeing that 'Teli A' had no chance of hitting the daily limit again after its second plunge, they couldn't help but start removing their buy orders or adding new sell orders on its trading board.
When everyone's expectations for 'Teli A''s market trend and their bullish sentiment.
Began a complete reversal.
Next, as market trading hours progressed.
'Teli A''s market trend and the buying support on its trading board became increasingly weak.
At 2:02 PM, 'Teli A''s stock price hit a new intraday low, reaching a 4.78% decline, showing a strong "limit down to limit up" pattern.
However, at this time.
After the broader market had vented a wave of panic selling, and the Shanghai Composite Index fell to a 2.48% decline, it finally met strong resistance from bullish forces.
Various bargain-hunting funds, along with continuously buying "national team" funds, all began to act, aggressively buying large-cap constituent stocks across major indices.
As the trend of large-cap stocks warmed up, the overall bullish sentiment in the market was boosted.
In a multitude of main concept sectors such as 'SOE Reform', 'Domestic Software', 'New Stocks', 'Reverse Mergers', 'Asia-Europe Economic Belt', 'Shanghai Free Trade Zone', etc., a large number of popular concept stocks that had been dragged down by 'Teli A' now saw decent active buying power near their intraday lows.
Even 'Teli A', which had violently plunged and experienced extreme volatility in its market trend.
After hitting a new intraday low, plummeting to a 5.11% decline, it was also driven by the broader market, experiencing another weak rebound.
But without the expectation of hitting the daily limit again.
The active buying power on 'Teli A''s trading board was no longer on the same scale as before.
Su Yi observed 'Teli A''s market trend and knew that after the stock's sentiment collapsed, even if the broader market rebounded at this moment, it would be difficult to generate the expectation of "hitting the daily limit again."
This meant that this high-flying leading stock was gradually being abandoned by various short-term funds.
The market pattern had completely shifted from strong to weak.
After understanding this.
Su Yi then turned his attention to 'Meiyan Jixiang'.
He saw that the stock's intraday turnover rate had now increased to 22.75%, and its daily trading volume had surpassed the 2 billion mark.
Moreover, its stock price amidst intense turnover.
Had now formed a positive feedback loop with the broader market's bottoming-out rebound.
It gradually recovered from its previous sideways consolidation range of 3% to 4.5% decline, rising back to a 2.75% decline.
"The timing should be just about right now."
Su Yi saw that 'Meiyan Jixiang''s intraday trading volume had shrunk to a distinct intraday low during the stock price's fluctuating rebound.
His eyes gradually sharpened, and he was like a hunter lying prone in a snowy field, rifle in hand, who had waited for a long time and finally saw his prey enter the effective shooting range of his rifle, concentrating intently on the prey, just waiting to pull the trigger for the decisive shot.
Market trading time continued to advance, minute by minute.
Finally, at 2:09 PM.
After Su Yi confirmed that there was no longer a risk of the broader market plummeting again, and at the same time, 'Meiyan Jixiang''s intraday trading volume had indeed not significantly increased during this phase, indicating little remaining selling pressure and floating chips on its trading board.
His fingers on the keyboard struck like lightning, without hesitation.
Immediately, when the buy key on the keyboard was pressed.
The massive capital of over a hundred million in Su Yi's stock account instantly transformed into a surging torrent of funds, violently pouring onto 'Meiyan Jixiang''s trading board.
One hundred million in capital, a solid 220,000 lots of aggressive market buy orders.
So violently unleashed onto the market.
In just an instant, all the pending sell orders across dozens of price levels on 'Meiyan Jixiang''s trading board were completely swept away.
And its stock price was directly pulled up from a 2.45% decline to over a 5% gain.
In the blink of an eye, the performance of over one hundred million in primary buying capital and an instant market gain of over 7 percentage points directly propelled 'Meiyan Jixiang' to the top of the real-time gainers list in both markets, making it a highly sought-after stock for countless short-term investors and various active speculative funds, even though its market discussion and attention were already not low.
Immediately, as the eyes of countless short-term investors and various active speculative funds converged.
As the expectation of 'Meiyan Jixiang' hitting and holding the daily limit grew stronger in the minds of various short-term active funds.
As the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index, driven by their constituent weighting stocks, accelerated their rebound from intraday lows.
Massive follow-up buying, amounting to tens of millions, tens of millions, or even hundreds of millions in capital, began to rush in at full speed, aggressively snapping up 'Meiyan Jixiang''s market chips.
After Su Yi executed the earlier hundred-million-plus capital trade.
He waited briefly for one or two minutes.
Until the massive, surging follow-up buying had already formed a positive catalyst for the stock price on the market.
A slight smile gradually appeared on his face.
With a sharp gaze, he hesitated no longer and struck the keyboard again.
Another super large order of over one hundred million in capital was directly placed at the daily limit price, sweeping away all pending sell orders above 'Meiyan Jixiang' like a storm.
Building up the expectation of hitting the daily limit with lightning speed!
(End of Chapter)
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