Under the concentrated attention of countless short-term investor groups.
The stock 'Meiyan Jixiang' was hotly pursued by various main speculative funds and numerous follow-on short-term funds right from the call auction phase.
Finally, in a market where both major indices did not show a clear high-open trend.
This stock, jokingly called 'Wang's Woman' by a large number of investors, opened high again at a 6.11% gain amidst widespread attention and with the combined efforts of various funds, with its price fixed at 7.50 yuan, and its market value successfully crossed the 15 billion yuan mark.
"It also opened high by 6% yesterday, but today's 'Meiyan Jixiang' market situation should be even better than yesterday, right?"
Facing 'Meiyan Jixiang', the leading concept stock that opened significantly higher and continued to show strong profit-making effects, Old Zhang from 'Xinzhalu' in the 'Modu Ultra-Short Gang' main speculative fund group said:
"It's a pity, at this position, without initial chips, I really don't dare to follow."
Thinking of this, he felt a pang of regret for his impulsive clear-out and profit-taking operation yesterday.
If he had kept some base positions yesterday, he might now be able to add chips without any hesitation.
"I wouldn't dare to go in with a heavy position, but buying a few million with a light position is fine,"
Said Old Wu from 'Yintailu'.
"There were plenty of chips yesterday, and currently, there aren't many profitable positions in 'Meiyan Jixiang'. As long as Brother Su continues to hold his positions, today's market trend should not be a big problem."
"Will Brother Su continue to hold his positions?"
"That I don't know, but today's sentiment expectation for 'Meiyan Jixiang' is very strong. Even if Brother Su takes profit and exits, the several hundred million yuan of follow-on buying funds from various sources should still be able to absorb it, right?"
"Action speaks louder than words, I've already bought 7 million chips at the open."
Xu Qiao chuckled and said,
"I sold wrongly yesterday, so I'm getting chips back today. How could 'Wang's Woman' stop at the 7th limit? It has to at least catch up to 'Teli A' first. At this point... you still need some leader stock faith!"
"President Xu is still amazing, daring to reclaim chips at this position."
"Although there's ample long sentiment at this open and the buying interest is very active, we can't see too much yet,"
Said Brother Chen from 'Xinyuelu'.
"Let's first observe the turnover progression of 'Meiyan Jixiang' after the official open. It was right for this stock to have high volume turnover yesterday, but since sentiment has shifted from divergence to consensus, there can be no more divergence today. If the volume released at this position is even larger than yesterday, it will definitely be over."
"Right, today's market trend for 'Meiyan Jixiang' must show reduced volume,"
Old Wu from 'Yintailu' responded.
"Only with reduced volume can it prove that sentiment has turned to consensus."
"Looking at it this way... then today, this stock can only hit the limit up, not be followed."
"Indeed, if 'Meiyan Jixiang' can seal the limit up with reduced volume today, the moment it hits the limit up is a relatively strong buying point."
"The market has opened, let's watch and see!"
As messages refreshed in the group, both markets entered the 9:30 mark.
As the briefly stagnant market across both exchanges began to fluctuate fiercely again, 'Meiyan Jixiang's' stock price surged upwards without any hesitation, driven by numerous follow-on buyers and the aggressive buying of various main speculative funds, breaking through rapidly and reaching close to a 7.5% gain within one or two minutes.
However, due to yesterday's experience of quickly hitting the limit up due to insufficient turnover, only to quickly collapse from it.
Although 'Meiyan Jixiang's' stock price, driven by numerous buying funds, was just one step away from hitting the limit up, there were no strong main funds daring to push it to the limit and dominate the closure at this moment.
Thus, as trading time continued to pass.
'Meiyan Jixiang's' stock price, without any main funds leading the closure, began to gradually fluctuate downwards.
Many funds that bought in yesterday, seeing the downward fluctuating trend of the stock price, couldn't help but start taking profits and selling, realizing their gains in time.
Subsequently, with the continuous progression of turnover rate.
'Meiyan Jixiang' consistently fluctuated around its opening price, and during these fluctuations, whenever the stock price fell below the intraday moving average, it would inevitably be aggressively bought up by strong buying funds, which would then instantly pull its price back above the intraday moving average.
"Fluctuations not breaking the moving average, and aggressive buying whenever there's a dip – this is the standard strong market absorption pattern!"
Seeing that 'Meiyan Jixiang' found it difficult to break below its opening price, no matter how strong the intraday selling pressure, in the VIP private trading room of Guanda Securities Shenzhen Jintian Road Branch, Wu Mingze, known as 'Brother Jintian' in the domestic speculative fund circle, had a gleam of excitement in his eyes, thinking with a smile:
"Such strong absorption power, it would be a shame not to ride this wave, given this market pattern."
Thinking this, he unhesitatingly continued to buy chips along 'Meiyan Jixiang's' intraday moving average.
As he continued to increase his positions and buy.
Zhao Qiang also began to learn from yesterday's lesson, starting to accumulate chips in the market without waiting for 'Meiyan Jixiang's' turnover rate to reach a sufficient level of over 20%.
However, facing the pressure of 'Meiyan Jixiang's' 7th limit, he didn't dare to take on a very large position.
Meanwhile, speculative funds from 'Dongwu Securities Gusu Xibei Street Branch', 'Huatong Securities Yuhang Cultural Road Branch', and others of the 'Gusu Ultra-Short Gang', who had entered early but exited without much profit, also began to re-enter the market to sweep up shares after seeing relatively certain speculative opportunities on 'Meiyan Jixiang's' market.
Just as various speculative funds gathered and short-term and ultra-short-term follow-on funds continued to buy and absorb the market.
At 10:21 AM, 'Meiyan Jixiang's' intraday turnover rate reached 20%.
At the same time, after continuously shrinking for more than ten minutes, its intraday volume reached the lowest point standard at this moment.
Active selling on the market, especially large sell orders of thousands of lots, had largely disappeared.
"Now's the time!"
After accumulating enough base positions through low buying, 'Brother Jintian' Wu Mingze's eyes suddenly became sharp at this moment.
Immediately, without waiting for 'Meiyan Jixiang' to continue fluctuating and turning over, he tapped his fingers on the keyboard, and one hundred million yuan from his stock account surged out like a flood, violently pouring into 'Meiyan Jixiang's' market in an instant through market price buying.
Immediately after, almost in an instant.
'Meiyan Jixiang's' stock price was directly pushed up by this surge of funds, heading straight for the limit up.
At 10:22 AM, just half a minute after the market surge, 'Meiyan Jixiang's' stock price touched the limit-up price.
Then, even before 'Brother Jintian' could continue to place orders.
Numerous follow-on funds that gathered, various 'dare-to-die' funds specializing in hitting limit-ups, and main speculative funds that were a step slower and didn't react in time... a massive group of main buying funds instantly sealed 'Meiyan Jixiang's' limit up, once again jointly creating the explosive profit-making effect of the concept leader stock in both markets.
(End of this chapter)
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