"Holy crap, it just broke the limit?"
Xu Qiao was utterly startled to see the continuous 20 large sell orders of ten thousand shares each.
Then, without hesitation, he no longer clung to this 'last penny', and began to massively sell off the 'Meiyan Jixiang' stock shares he had bought last week, completely bidding farewell to this stock he had originally placed high hopes on, thinking it would surpass the gains of 'Teli A', the concept leader stock in both markets.
Similarly, as he was massively liquidating his position to lock in profits.
Old Wu from 'Yintai Road' and Old Zhang from 'Xinzha Road' also began to sell off their 'Meiyan Jixiang' stock shares with pounding hearts.
"Chen Ge, you're still amazing, damn it, 'Meiyan Jixiang' really did break the limit,"
Said Old Zhang from 'Xinzha Road'.
Chen Ge from 'Xinyue Road' responded,
"It's obvious, at such a high position, the trading volume already shrank last Friday, and today it continued to shrink. There are so many profit-takers in the market, the sedan chair is so heavy. Without turnover, how could it still be lifted? So, the limit breaking is naturally to be expected."
"20 consecutive large sell orders of ten thousand shares each,"
Said Old Wu from 'Yintai Road'.
"This volume of active selling funds, it's either Brother Su or Alliance Leader Zhang."
"No matter who it is, it cannot change the loosening structure of 'Meiyan Jixiang's' trading chips on the market."
"Alas, it failed after only 6 daily limits, far inferior to the previous leader 'Teli A'!"
"Mainly because 'Meiyan Jixiang's' tradable share float is too large, the combined capital effort required is too great, it can't perform like 'Teli A'."
As everyone in the group was discussing heatedly.
On 'Meiyan Jixiang's' market trend, the turnover rate was rapidly increasing.
At the same time, its market gains also fluctuated downwards with the increasing turnover rate.
In just ten minutes, it had already fallen back to around a 5% gain.
When 'Meiyan Jixiang's' market gains fell below 5%.
Su Yi no longer actively sold off shares, but simply waited for its turnover rate to continue advancing.
After the recent fierce selling, in ten minutes, he had already sold 220,000 shares, totaling 150 million in funds.
Of course, during these ten minutes.
'Meiyan Jixiang's' turnover rate advanced by nearly 10% in total, with a transaction volume exceeding 1 billion in funds.
This meant that besides the 150 million in shares he sold, other short-term speculative funds and retail investors also sold off over 850 million in funds.
As for that, among them, how many were Alliance Leader Zhang's shares, and how many were shares from other major speculative funds.
Su Yi did not know.
His current trading motive was very simple.
That was to follow the emotional fluctuations of the market, to maximize the turnover of 'Meiyan Jixiang' at this price range, and build a new chip accumulation platform.
"Just now I was saying that shrinking volume was not good, I didn't expect it would turn into increasing volume again so quickly."
As Su Yi finished selling about half of his position and waited for 'Meiyan Jixiang's' turnover rate to advance, in the internal group of 'Yuhang Faction' speculative funds, Sun Chengyu smiled and sighed, saying,
"'Meiyan Jixiang's' market trend is truly unpredictable and caught everyone off guard!"
"Sun Ge, looking at this situation, Alliance Leader Zhang, or rather, the funds from 'Financial Street Fuxing Road', should have crashed the market to take profits, right?"
Zhao Qiang said,
"Once these two major controlling funds withdraw, 'Meiyan Jixiang's' market trend will probably be very difficult!"
Last week, after the two of them missed the buying point, they did not continue to follow up on 'Meiyan Jixiang'.
Now, the major controlling funds were retreating.
Zhao Qiang felt there was naturally even less need to follow up.
"Not necessarily,"
Sun Chengyu pondered for a moment and said,
"The main theme of 'Securities Finance Holding' concept has not yet shown signs of emotional collapse.
At the same time, although the broader market, in its trend of breaking through and stabilizing at the 4000-point mark, still has some issues, with both internal and external news tending to be positive, there is no risk of a major decline.
Overall, the market sentiment still supports short-term speculation. Since sentiment hasn't collapsed, 'Meiyan Jixiang', this concept leader stock in both markets, should still have strong market support."
"Listening to what Sun Ge means..."
Zhao Qiang said with some surprise,
"Are you still looking for an opportunity to continue taking over this stock's shares?"
Sun Chengyu replied,
"Let's see. I think 'Meiyan Jixiang' still has an opportunity for emotional and capital resonance, and I also think this stock's rally has not yet finished at its current position."
However, although he said so.
He did not rashly or actively take over 'Meiyan Jixiang's' shares in the market.
It wasn't until his observation.
Around 1:30 PM, the broader market completed its intraday adjustment once again and began to actively surge upwards.
At the same time, 'Meiyan Jixiang's' turnover rate increased to around 28%, the intraday transaction volume had already exceeded 3 billion, and the intraday volume of this stock began to gradually decrease.
That is, when he discovered that the previously accumulated profit-taking positions had almost all been sold off.
And 'Meiyan Jixiang's' stock price did not show a trend of continuing to collapse and crash downwards.
Only then did Sun Chengyu smile and began to enter the market with large funds, sweeping up shares of 'Meiyan Jixiang' within the 4% to 6% gain range.
When he was making large purchase orders, and large active buy orders of thousands of shares each frequently appeared in the market.
Su Yi, who was closely watching 'Meiyan Jixiang's' market trend and transaction details, instantly noticed this situation and understood that there were major speculative funds taking over shares at this position and concentrating on long positions.
"There are still smart funds around,"
Su Yi said with a smiling sigh.
Then, he continued to wait for these major speculative funds to accumulate shares, to further increase market turnover, and alleviate market pressure when subsequently pushing up the stock price.
As long as 'Meiyan Jixiang' could continue to achieve high upward potential and extend this stock's leading trend.
Allowing his accumulated major position here to maximize market profits.
Then, he wouldn't mind giving a 'sedan chair ride' to these major speculative funds that were sweeping up and taking over shares.
After all, with 'Meiyan Jixiang's' large float, without the concerted effort of multiple major speculative funds, no one could independently maintain the market and achieve the high potential of a market leader.
As he patiently waited.
When 2:00 PM arrived, and 'Meiyan Jixiang's' market turnover rate increased to around 33.4%.
Su Yi took a deep breath and finally began to act again.
With overwhelming force, he took the funds he had reduced in the morning and, in the form of consecutive large active buy orders of ten thousand shares each, furiously poured them into 'Meiyan Jixiang's' market.
220,000 shares, nearly 160 million in funds, violently poured into 'Meiyan Jixiang's' market.
In an instant, it swept away over 50 levels of sell orders in front of it, pulling its stock price from around a 5.5% gain straight up to the daily limit price.
"Indeed, it's exactly as I guessed, haha..."
Seeing 'Meiyan Jixiang's' stock price hit the daily limit directly, at this moment, Sun Chengyu, who had already accumulated many shares at the intraday low, couldn't help but laugh out loud.
Very excitedly, he also followed suit at the daily limit position, issuing consecutive large active buy orders of ten thousand shares each.
Helping the main funds that had just directly pulled up the stock to seal the daily limit channel, and attracting various other short-term funds in the entire market who quickly followed suit, to jointly seal the daily limit!
(End of this chapter)
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