Today, several major institutional funds took over and bought the stock 'Meiyan Jixiang'.
Except for his own 'Financial Street Fuxing Road' trading seat, the others were not institutional short-term funds with a good long-term perspective.
Based on Su Yi's understanding of the trading styles and market manipulation tactics of these major institutional funds.
The 'Gubei Road' fund has strong financial power, often investing tens of millions or hundreds of millions in stocks they favor.
However, this fund's trading style is "strong when strong, weak when weak."
This means if there's a strong consensus for bullish sentiment in the market, they will lock in positions and not sell.
If the consensus for bullish sentiment is slightly weaker, or if there's a somewhat heavier divergence between bulls and bears in the market, they will decisively dump shares and exit.
Their trading discipline can be described as extremely strict.
The 'Yitian Road Rongchao Business Center' institutional short-term fund, in terms of market perspective, is even worse than 'Gubei Road'.
In the world of short-term speculative funds, it has a nickname: 'Gezhou Rong'.
This means that this fund, regardless of market conditions, basically dumps shares and exits the next day, never dragging things out.
As for the 'Gusu Xibei Street' and 'Yuhang Cultural Road' short-term funds, they are well-known in the world of short-term speculative funds as the 'Gusu Chaoduan Gang', also known as the 'Short-Term Assassins'.
These funds often prefer to coordinate multiple trading seats.
If they can control the market, they will lock in positions in phases to maximize market profits.
If they cannot control the market, they will decisively dump shares.
With several such major institutional funds ready to dump shares in the market.
Even though 'Meiyan Jixiang' showed a strong profit-making effect today, successfully surpassing 'Teli A' to become a highly watched and discussed leading concept stock among a large number of short-term investors in the market, he was truly not optimistic about the stock's performance tomorrow.
Fortunately, in his stock account at this moment.
Besides the 271 million 'Meiyan Jixiang' shares he holds, there is also 82 million yuan in funds available for use.
With over 82 million yuan in liquid funds, he felt that he should be able to relatively maintain the market trend of 'Meiyan Jixiang' tomorrow, preventing it from being utterly crushed by the short-term speculative funds in the market.
While he was reviewing the market and formulating his trading strategy for tomorrow.
As time continued to pass, both within and outside the market, the discussion heat among a large number of investors regarding 'Meiyan Jixiang' and 'Teli A' became increasingly heated and intense.
In the evening, there were no clear positive or negative news stimuli, neither domestically nor in the overseas markets.
Even the overseas market trend briefly entered a phase of sideways consolidation, brewing a choice for a new market direction.
And amidst the calm in the news, the focus of short-term investors in the market, as well as the emphasis of concept-driven market trends, increasingly concentrated on the main theme of 'Zhengjin Holdings'.
Furthermore, more and more investors were paying attention to 'Meiyan Jixiang' and were bullish on this stock.
Then, under the brewing sentiment of widespread bullishness towards 'Meiyan Jixiang'...
The next day, August 6th, Thursday, arrived.
As soon as the two markets entered the initial call auction period, 'Meiyan Jixiang' immediately showed a high open with a straight-line limit up.
In contrast, 'Teli A' at this moment showed a straight-line limit down.
Su Yi observed the completely different call auction performances of 'Meiyan Jixiang' and 'Teli A' without any surprise on his face.
After all, after a night of brewing sentiment.
This moment of the opening call auction was when the emotional reactions of the two stocks were most extreme.
However, Su Yi believed that this extreme emotional reaction would definitely gradually rationalize and form effective price and emotional feedback as the call auction time progressed and as the long and short funds continued to battle in the market.
Sure enough, as the call auction time in both markets further progressed.
Especially after 9:20 AM, when countless fake orders were withdrawn from the market, the market patterns displayed by 'Meiyan Jixiang' and 'Teli A' clearly returned to a rational state, with one opening higher by 5.23% and the other opening lower by 5.29%.
And finally, when 9:25 AM arrived and the call auction in both markets ended.
The market gain of 'Meiyan Jixiang' further decreased to 3.74% under the dominant selling pressure of multiple large-order funds, while the market decline of 'Teli A' narrowed to 4.38% due to numerous bargain-hunting orders.
"This high open amplitude is quite good!"
Su Yi watched the opening result of 'Meiyan Jixiang' and mused with a smile.
Yesterday, most of the chip turnover for 'Meiyan Jixiang' occurred below the opening price, which means that at this moment, there are quite a few internal profit-taking positions in this stock.
With a large accumulation of internal profit-taking positions.
If 'Meiyan Jixiang' were to open significantly higher, by 6% or 7% or more at this point, it would inevitably face concentrated selling by a large number of profit-taking chips, which would be detrimental to the stock's subsequent performance and would also deter many follow-on funds that were bullish on the stock.
Of course, it couldn't open too high, nor too low.
Because without sufficient premium, the funds that took over the market yesterday would not be able to exit with a profit.
Then, without the stimulus of a clear profit-making effect, various short-term follow-on funds would naturally not actively enter the market to buy and go long.
Fortunately, after the tug-of-war between long and short funds during the call auction phase, the opening result was quite ideal.
A high-open increase of 3.74%.
It both created a certain premium effect, ensuring that the funds that continued the limit-up trend yesterday could profit, and left enough intraday breakout space for 'Meiyan Jixiang's market trend today.
This prevented the situation where in-market profit-takers would concentrate selling and suppress the market after significant gains, while also providing positive bullish sentiment feedback and anticipated profit margins to a group of short-term funds that were bullish on the stock but hadn't yet entered.
In summary, this was an opening result that Su Yi felt was very beneficial for the subsequent market evolution of 'Meiyan Jixiang' and for intraday chip turnover.
Sure enough, a few minutes later, when both markets entered the formal continuous trading session.
The stock price of 'Meiyan Jixiang', after a brief surge of 2 percentage points, reaching a peak of 5.5% gain, began to fluctuate narrowly with the opening price as the center, within the 2% to 5% gain range.
This continuously increased market turnover and digested yesterday's profit-taking positions.
Su Yi kept a close eye on the market changes of 'Meiyan Jixiang'.
When 'Meiyan Jixiang's stock price gain dropped below 2% and continued to oscillate downwards, he would take advantage of the situation to buy in with orders of 3,000 lots and 5,000 lots.
When 'Meiyan Jixiang's stock price exceeded a 5% gain and continued to rise without sufficient turnover, he would take advantage of the situation to sell out with orders of 3,000 lots and 5,000 lots.
Anyway, as long as 'Meiyan Jixiang's market turnover rate was below 20%, and at the same time, the broader market did not show the momentum to strongly recover 4000 points.
Then, he would maintain his dynamic holdings.
Through continuous buying and selling, he would maintain the market for 'Meiyan Jixiang', always keeping the stock in a healthy state of turnover and oscillation.
(End of Chapter)
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