At 1:22 PM, as the Shanghai Composite Index failed to break through 4000 points, and the market fell by nearly 2 percentage points, once again losing the 3900-point threshold.
Su Yi, on the limit-up board of 'Teli A', dumped all 53,000 lots of shares he held.
When such a massive sell-off of 279 million yuan in funds crashed into the market.
The 'Teli A' limit-up board, which had already been difficult to maintain, was instantly broken, and the stock price rapidly slid from 52.70 yuan, completely plummeting as if falling three thousand feet, diving from the limit-up price to a 3% gain position in just ten short seconds.
At the same time, its market turnover rate and intraday trading volume both surged rapidly in an instant.
Among them, the market turnover rate skyrocketed to over 20% after Su Yi dumped his massive amount of shares.
"Holy cow... 'Teli A' has crashed!"
Seeing 'Teli A', the leading stock representing the speculative sentiment of the two markets, suddenly flash-crash in a straight line, Xu Qiao, who was still bullish on 'Chuansheng Jiuzhou' stock in Su Yi's 'Modu Ultrashort Gang' speculative fund internal group, instantly let out a gasp and he urgently tagged Su Yi:
"Brother Su, that massive order on the 'Teli A' limit-up board just now, you were the one who dumped it, right?"
"Yes!"
Su Yi replied simply,
"This wave has made enough profit; I'll leave the subsequent gains for others."
Xu Qiao let out a wry smile and said,
"You've really hurt this old brother; with 'Teli A' collapsing, 'Chuansheng Jiuzhou' stock probably won't survive either."
In this wave, 'Chuansheng Jiuzhou' stock was following the logic of 'Teli A' as a follower leader.
Xu Qiao continued to trade 'Chuansheng Jiuzhou' stock based on this logic.
Now that the big brother 'Teli A' has gone, as 'Teli A''s number one follower, the 'Chuansheng Jiuzhou' stock he trades will naturally find it difficult to stabilize its market trend.
In fact, at the very moment Xu Qiao was speaking.
'Chuansheng Jiuzhou' stock's market gains had already dived from a 6% increase to negative territory, instantly wiping out all intraday market gains.
And simultaneously, other stocks were also plummeting.
It wasn't just 'Chuansheng Jiuzhou' stock.
Across both markets, concept stocks in various thematic areas where short-term funds gathered for speculation, such as 'SOE reform', 'newly listed stocks', 'restructuring and backdoor listing', 'high stock dividend and capital reserve transfer', 'major shareholder increased holdings', 'domestic software', 'Apple concept'... all concept stocks that had previously been driven by 'Teli A' and rose in its wake.
Were all crashing frantically at this moment.
Large groups of short-term funds were all selling to take profits or cut losses.
Su Yi, while observing the unusual movements in both markets, replied in the group:
"Brother Xu has already made enough profit on 'Chuansheng Jiuzhou' stock; such minor market fluctuations shouldn't have too much impact on your holdings."
"Heh heh, not as much as Brother Su made on 'Teli A' stock."
Xu Qiao had only been joking earlier and wasn't really blaming Su Yi, continuing,
"However, at this point, with the Shanghai Composite Index failing to break through 4000 points, taking profits to prevent another major market correction is perfectly fine."
As he spoke, he also unhesitatingly sold a large number of his 'Chuansheng Jiuzhou' stock shares on the market, regardless of cost.
"'Teli A' shouldn't just crash and die like this, right?"
Old Zhang from 'Xinzhalu' in the group, although not holding 'Teli A' stock, knew well the importance of 'Teli A' for short-term speculative sentiment in both markets.
At this moment, he couldn't help but say,
"If it really crashes and dies like this... that would be too damaging for the market's bullish sentiment feedback."
"It shouldn't just crash and die like this," said Old Wu from 'Yintailu'.
"'Teli A''s market turnover rate for today has already reached 21%. There isn't much selling pressure left on the market now, and the stock's popularity is still there. At the same time, in the previous several waves of speculation on this stock, there were also several instances of a broken limit-up board being sealed again.
Now, the stock price has flash-crashed to an intraday low, and there's still about an hour and a half until closing, so there will definitely be funds trying to seal it back up."
"Agreed, 'Teli A' stock definitely won't just crash and die like this," echoed Brother Chen from 'Xinyuelu'.
"Then, Brother Chen, do you dare to pick up some 'Teli A' stock?"
Old Zhang from 'Xinzhalu' said with a smile,
"If you pick up shares now and bet on a re-seal, there's about 10 percentage points of intraday profit."
Brother Chen from 'Xinyuelu' replied,
"Brother Su has already dumped his shares and left; if I pick them up again, wouldn't I be foolish? However, as a leader in both markets, 'Teli A''s trend should fluctuate. With such high popularity and so much short-term capital gathered here, under strong buying support and liquidity, it won't turn into an A-share crash pattern."
"Although it's highly unlikely to turn into an A-share crash pattern, it's also difficult for it to have much upside potential," said Old Wu from 'Yintailu'.
"Brother Su taking profits at this position is completely fine, and for Brother Su to be able to hold his position all the way until now, this kind of composure... is truly extraordinary."
They all participated in 'Teli A' stock.
In and out, everyone made some money on this stock.
But within the group, no one had Su Yi's composure to hold their position, able to keep their shares at such a high level despite the extremely volatile intraday movements of 'Teli A' stock every day.
And through Su Yi's series of operations on 'Teli A' stock.
Although Su Yi had only been in the group for half a month, his trading techniques and capabilities had already earned great admiration and genuine respect from the Modu local speculative funds in the group.
"Alas, 'Meiyan Jixiang' stock has also been dragged down by 'Teli A',"
Old Zhang from 'Xinzhalu' sighed lightly and said,
"The 'securities finance holdings' concept theme branch seems difficult to speculate on with 'Teli A' collapsing. Yesterday, I hit the limit-up on 'Meiyan Jixiang', managing to buy over 7 million in shares thanks to the VIP channel advantage of my trading seat, but today there was no premium, which is outrageous. Now I'm even down 3 percentage points; I'm speechless, everyone... Regarding 'Meiyan Jixiang' stock, do you think I should cut losses or hold on and see?"
"For 'Meiyan Jixiang' stock, with such high market enthusiasm and discussion over the weekend, only getting two straight limit-up boards is indeed a bit below expectations,"
Brother Chen from 'Xinyuelu' interjected.
"Alas, 'Meiyan Jixiang' stock's float is still a bit too large, making it seem difficult to become the market's core leading stock. It's also hard to continue speculating upwards when short-term market sentiment begins to wane, isn't it?"
Old Wu from 'Yintailu' mused for a moment and also said,
"A float of nearly 10 billion yuan. It's indeed hard to drive up speculation when short-term market sentiment is declining. However, 'Meiyan Jixiang' stock's intraday turnover rate today is quite sufficient, already close to 20%."
"Sufficient turnover rate is useless," Xu Qiao said.
"At this time, who would dare to push for a limit-up and trade?"
As everyone in the group expressed their pessimistic outlook on the newly popular 'Meiyan Jixiang' stock.
Su Yi looked at his account; after selling 'Teli A' stock, the 279 million yuan in funds had been recovered, and his total account assets had surged to 329 million yuan.
His gaze instantly shifted to the 'Meiyan Jixiang' stock chart, with a clear look of greed in his eyes.
Unlike the opinions of the various speculative funds in the 'Modu Ultrashort Gang' group.
He believed that at this moment, taking advantage of the weak market and the adjustment of the leading stock, it was precisely the time to implement the 'high-low switch' logic, and to ignite the speculative sentiment and profit-making effect of the 'securities finance holdings' main concept theme.
As the saying goes, the old gives way to the new, in an endless cycle.
As long as there isn't an overall liquidity crisis in the market, and sentiment feedback doesn't become extreme.
Then, when the old leader concludes, it is precisely when the new leader takes its place, and the main hot spot perfectly switches.
(End of this chapter)
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