Rebirth of the Capital Legend

Chapter 234: A-shares fell into the hot search on the entire network!
No one expected that the market trend would be so tragic on the first trading day of the new year.

Even the regulatory leaders who developed the circuit breaker mechanism did not expect the market to trigger the circuit breaker mechanism so quickly, and were caught off guard.

Of course, what no one expected the most...

Or under the circuit breaker mechanism, the stampede and siphon effect caused by the panic in the market and the capital fleeing.

"If the circuit breaker mechanism hadn't worked, today's market decline wouldn't have been so severe, right?"

Someone said this in a hot topic that has exploded among investors across the Internet.

"As panic spreads, the trend should be the same with or without the siphoning effect of the circuit breaker mechanism. It's like a dream back to the stock market crash in July and August!"

"Once again, thousands of stocks hit the limit down. Damn... history is made again."

"This is the first time I've seen a market limit down. I've never seen such a thing before!"

"It's crazy. Why is the market falling so much? Who is dumping the stocks? Wasn't the market trend fine before New Year's Day? Why did it suddenly collapse?"

"Without so much capital to take over, the index will naturally collapse."

"The main reason is the lack of funds. At the same time, there are too many locked-in shares, plus the profit-taking accumulated from the market rebound in recent months... The combined effect of these factors has led to today's sharp drop."

"Alas... I had been thinking that we would have a good start, but I didn't expect... that we would suffer a setback on the first trading day of the new year."

"My entire position is down to the limit, I can't live like this anymore."

"When will the A-share market really stand up? Damn it, right now, let alone 3600 or 3800 points, it's even a question whether it can hold 3000 points."

"Today's trend is really hurtful. All the indexes have broken down and fallen."

"More than 1500 stocks hit the daily limit, which is really close to the stock market crash in July and August. Damn... it's too difficult to make money in the stock market."

"Today, the entire market has seen a loss of about 6 trillion yuan in wealth, with an average loss of more than 4 yuan per person."

"It's more than 4. All my stocks have hit the limit down."

"What about the 'national team'? Why didn't the 'national team' take action at the critical moment today?"

"The entire market collapsed, all funds in the market fled, and emotions completely collapsed. In this situation, without sufficient positive news support, even the 'national team' with trillions of funds can't hold on. I just hope that... the regulators can release sufficient positive news after the market closes."

"It's a completely nonsensical plunge. Sigh... I saw something was wrong in the early trading and should have stopped losses and reduced my position unconditionally."

"All hot spots and core themes in today's market have been wiped out, and the money-losing effect has reached its peak."

"This trend is really a mental breakdown, and the index has completely broken down. I guess it will be difficult to make up for the losses in the short term. Sigh... I will stop losses unconditionally in the early trading tomorrow."

Countless topics, countless complaints, panic, and questioning voices are rampant on major stock investment online platforms.

same time……

Internal groups of fund companies, financial investment institutions, large speculators, and all investment and trading related personnel within major institutional companies.

Staring at the frozen market trend, it took a long time for me to come back to my senses.

Whether it is experienced investors who have experienced many years of market ups and downs, or young traders who have just entered the market, today's market trend is the first time they have seen and experienced it.

"Fuck, this is scary."

Li Jinshi, one of the main speculators of the 'Fushan Group', lamented this.

"It's more than scary, it's murderous!" Chen Guiyun responded, "Only 26 stocks in the entire market are in the green, more than 7 stocks have fallen by more than 2000%, and nearly 1700 stocks have hit the limit down. The ChiNext Index and the Small and Medium Enterprises Index have fallen by 9%. Almost all stocks in the market have lost liquidity. The hot spots and main lines of the two markets have all been wiped out. Regardless of whether they are stocks with excellent fundamentals, strong logic, and strong expectations of explosive performance, or purely conceptual 'small and medium-sized start-up' stocks, they are basically all locked up. This grand occasion... is simply the trend during the previous two rounds of stock market crashes, but even more tragic. If this is not murder, what is it? Today, anyone who is in the market... has been slaughtered without any surprise."

"The only sector that fell less than 7% was the banking sector," Liao Guoxiang said. "This trend is indeed too tragic."

"Alas... Fortunately, the position is not too heavy." Li Jinshi said, "Otherwise, I would be crying without tears."

"I don't understand why the market suddenly plummeted today," said Chen Guiyun.

Liao Guoxiang responded: "Market trends are often unexpected, but... based on the market's previous feedback, it actually started to weaken a long time before the holiday."

"That's true," Chen Guiyun said. "In early December, the market trend was clearly declining, but at that time, the market was still supported by local profit-making effects. At the same time, everyone had great expectations for the Shanghai Composite Index to stabilize at 12 points and even return to the 3600-point bull-bear line. Therefore, it did not attract enough attention and did not trigger a panic selling effect in the market."

"Looking at today's trend, it feels like the short-term market is completely finished," said Li Jinshi.

Liao Guoxiang said: "Let's see if there are any major positive announcements from the regulators tonight. Although the market fell badly today, if there is major positive news support, there is still an expectation of a rebound tomorrow."

"Will there be a reversal?" Chen Guiyun said, "I think the probability is extremely small."

Li Jinshi said: "Regardless of whether the index can rebound tomorrow, I will not open new positions under this trend. I will wait and see for a while."

"Looking at it now... the funds of 'Financial Street Fuxing Road' are really smart." Chen Guiyun said, "Looking back at the market trend, it seems that the market trend has been wrong since the funds of 'Financial Street Fuxing Road' completely liquidated their positions to take profits on the main line of 'lithium batteries'."

"That's true." Li Jinshi nodded slightly, and suddenly realized, "No wonder Mr. Su from Huayi Capital didn't make any moves to build positions for so many days after the fund raising was completed. It seems that Mr. Su...really felt the risk of the market trend."

When Liao Guoxiang saw the two people mention the fund of 'Financial Street Fuxing Road', he couldn't help but praise it: "In terms of main line excavation, monster stock creation, and timing ability, this Mr. Su is indeed unique."

"Next, we can see when Mr. Su from Financial Street Fuxing Road enters the market," said Li Jinshi. "I think this can be a good signal for a market turnaround."

"Many people in the industry, whether they are institutions or hot money, are paying attention to the movement of this fund," Liao Guoxiang said. "However, it is not a problem to use the time point of this fund's entry into the market as the turning point of the market situation. Before that... light positions should be the most appropriate operation strategy."

Following the heated discussions within the group of main speculators of the "Fushan Group".

At this time, Su Yi was working in the company "Hua Yi Capital", especially in the fund product trading department of "Hua Yi Expedition No. 1".

All traders, including the trading team leader Zeng Anping, were filled with admiration for Su Yi as they watched the A-shares that had become a hot topic on the Internet.

Before that...

Originally, everyone could not understand why Su Yi remained on the sidelines, continued to watch the market, and did not take any positions. At that time, all the traders in the team basically agreed that the index had adjusted to a relatively low level and that the risk of a continued plunge in the index was not great.

However, now everyone has been slapped in the face.

"Boss Su's judgment on the macro market trend is truly amazing!"

In the trading team, some people admire Didao very much.

"It's more than bullish, it's simply a god-like judgment. Fortunately, our fund did not build a position in advance, otherwise this blow would definitely have completely knocked everyone out." "It seems that the Shanghai Composite Index will have to look for support near 3000 points."

"It will probably go to around 3000 points, but at most it will go to 3000 points, right? After all, the last two rounds of stock market crashes also stopped at this point. The support strength of the Shanghai Composite Index at 3000 points is still very strong."

"Let's see what happens next. At this point, market panic has just erupted, and I'm afraid it won't be that easy to stop the decline."

"Haha... Today, our institution's short position should have outperformed 99% of the institutions in the market, right?"

"Be more confident. Our company's fund net value has definitely outperformed 99.99% of the institutions in the industry today."

When everyone was excited and admired Su Yi's trading strategy...

At this time, Su Yi, sitting in his office, did not stare at the A-share market. Instead, he stared at the trend of the Hong Kong stock market, observing the performance of the volume of "Jingcheng Holdings", and constantly bought shares of "Jingcheng Holdings" at the bottom in panic.

"Damn, this is really weird. Before New Year's Day, Jingcheng Holdings suddenly plunged by more than 20% when there was no obvious negative news. Now the company has a major negative news outbreak, coupled with the A-share trend of 'thousands of stocks hitting the limit', panic spread, and the stock opened low and closed high after a more than % plunge in the early trading. It's really magical."

As Su Yi was aggressively increasing his holdings, inside Hongyuan Capital, a company in Hong Kong.

Shi Jindong, a core trader in the secondary market investment and trading department, frowned visibly and stared at the stock price trend of Jingcheng Holdings in great confusion.

Hearing Shi Jindong's question, investment manager Zhang Yanjun thought for a moment and said, "The market is inherently reflexive. The negative news has become a positive news. This logic makes sense. In addition, the share price of Jingcheng Holdings fell to that level at the beginning of the trading session. It also makes sense that the company used other funds to increase its holdings and stabilize the share price. There is no need to make a fuss. It's just... this early trading crash has cheated us of a lot of chips!"

"We are not the only ones who have been deceived." Shi Jindong said, "The panic in the A-share market, coupled with the negative impact on the company itself, has caused most of the investors who hold shares of 'Jingcheng Holdings' today to be unable to hold on to their shares. Otherwise, the trading volume of this stock would not have skyrocketed to this extent today."

"Indeed." Zhang Yanbing nodded slightly, "The daily transaction volume has skyrocketed by almost 10 times!"

"I don't know who is buying." Shi Jindong said, "No matter how many sell orders there are, it's like a drop in the ocean. This buying capital... is really a huge deal."

Based on his observation of the market trend of Jingcheng Holdings.

He roughly estimated that the funds absorbed in the intraday trading of "Jingcheng Holdings" stock today bought at least 2 million chips.

And actually...

At this time, Su Yi's Hong Kong stock account had fully covered the short selling orders before the holiday.

Already holds 2.19 million shares of "Jingcheng Holdings".

Of course, he was able to absorb so many chips in one breath, thanks to the significant negative impact within the "Jingcheng Holdings" group and the historical plunge in the A-share market.

However, the chip volume of 2.19 million is far from his goal.

And the operation on the stock of 'Jingcheng Holdings' is not over yet, but just beginning.

Next, he will combine the emotional aspect and use the large amount of chips in his hands to further shake the warehouse. Through violent market fluctuations, he will induce retail investors to sell and thus absorb the chips.

While he continued to accumulate shares of Jingcheng Holdings and formulated subsequent trading plans.

The historic plunge in A-shares and the extreme performance of triggering the circuit breaker for the first time have already appeared on the hot search list of the entire network, breaking through the shackles of the financial circle, investment circle, and fund circle, and aroused discussion among netizens across the country.

Even within the regulatory community.

In order to prevent the market from experiencing another liquidity crisis, leaders have launched another round of stock market crashes.

As public opinion on the entire network was fermenting, an internal meeting was urgently held, and at around 6 pm, a series of good news was released to the market in order to calm the panic of market investors and quell the increasingly intense public opinion offensive that was being ridiculed and condemned by the whole nation.

With the favorable release of the regulatory authorities...

Eventually, the market panic sentiment improved.

So, the next day, Tuesday, June 1th.

The two stock markets generally opened higher, and after a wave of declines due to inertia, they quickly attacked, and under the overall riot of the core themes of "big finance", "big infrastructure" and "big consumption", they gradually rebounded upward to fill yesterday's huge negative line and repaired market sentiment and market trends.

And on the other side...

Su Yi's focus is still on the Hong Kong stock market.

As market sentiment and trends briefly recovered, he continued to buy into the selling orders of Jingcheng Holdings and pushed up the stock price, also correcting the sharp drop in Jingcheng Holdings yesterday.

The share price of Jingcheng Holdings has become stronger and stronger after the major negative news about the group came into effect.

And gradually repair the decline.

Within the group, Qin Renzhao, who had already contacted all the large and medium-sized shareholders, finally breathed a sigh of relief, thinking that the crisis was over.

At the same time, major investment institutions of 'Jingcheng Holdings'.

Looking at the Hong Kong stock trend of 'Jingcheng Holdings', I thought the crisis was over.

But I didn't expect that after just one day of rebound.

After absorbing 2.76 million chips, Su Yi quickly and massively continued to short sell the shares of "Jingcheng Holdings", causing its stock price to plummet again.

At this time, Lei Kaishan also began to openly show his strength within the group.

Together with other small and medium shareholders, they openly opposed Qin Renzhao taking over Qin Song's position as chairman of the group, and proposed to convene a shareholders' meeting to reorganize the group's board of directors based on the proposal of the shareholders' meeting and to re-elect a suitable new chairman of the group in accordance with regulations.

Faced with the sudden struggle for control of the 'Jingcheng Holdings' Group.

The Hong Kong Stock Exchange promptly issued an inquiry letter. At the same time, the company's listing plan, which had reached the A-share issuance review stage and was at the review checkpoint, was also suspended by the regulators, causing the plan of "Jingcheng Holdings" to be listed on the A-share market in the near future to be completely shelved.

But when he learned that the company had no hope of going public in the short term.

Many investment institutions that received the company's additional shares expressed their anger and demanded that the company repurchase the shares according to the agreement.

Under such heavy negative impact.

After a brief rebound, Jingcheng Holdings suffered a continuous setback in the following trading days, and its stock price plummeted.

At the same time, the A-share market also briefly rebounded after two trading days.

When everyone realized that there was no hope of a rebound, the positive news could not reverse the downward trend of the trend change, and the capital was still scarce, a historic plunge broke out again.

(End of this chapter)