In the afternoon, there was a rebound in the market. It was obvious that crazy investors were buying the bottom. However, about half an hour later in the trading session, they still failed to withstand the selling pressure and continued to decline and broke the early low. At this time, the crazy investors were happy to buy the bottom.
Is the callback and washout for a better rise? In the previous pullback, which one didn't rebound quickly and reach a new high?
Just do it and it’s done!
As of the close, the Shanghai Stock Exchange Index fell by 103 points, or -2.00%, to close at 5062.99 points.
Today, the overall correction of Galaxy concept stocks was quite deep, and they were relatively resilient in comparison. Other high-priced stocks, such as sub-new stocks on the GEM, all died suddenly at the opening.
Quantitative Capital fell -4.06% today, closing at 909.73 yuan per share, with a market value of 1,271.8 billion; Toutiao fell -6.98%, closing at 173.83 yuan per share, with a market value of 217.2 billion; WeChat fell -4.37%, closing at 42.75 yuan per share, with a market value of 9,405
100 million.
The market is correcting, but there is no panic atmosphere. Most people are optimistic that this is just a normal adjustment, and the correction is a good time to intervene.
…
Tuesday, June 16th.
The A-share market opened today. The two cities opened lower and moved lower. The market rebounded somewhat but was very weak. It even fell sharply in the late trading. The Shanghai Stock Index once fell by more than 4 percentage points during the day, and also fell below 5,000 points and 4,900 points.
As of the close, the Shanghai Composite Index fell 175 points, closing down -3.47% at 4887.43 points.
Today's adjustment is relatively strong, but most people still think that the market is a normal technical adjustment, the upward trend has not gone bad, and the bull market is still healthy.
However, people who play high bids are in misery. Yesterday, the GEM's high bids suddenly died on a large scale. Today, it is the turn of some high bids on the main board. Even the 22 listed companies in the Galaxy Group collectively fell sharply.
Quantitative Capital fell -7.09% today, with the stock price closing at 845.23 yuan, and the market value fell back to 1,181.6 billion; WeChat, a sub-new stock, fell -7.15%, with the stock price closing at 39.69 yuan, and the market value fell back to 873.18 billion.
Toutiao, the most popular leader in the universe, was sent directly to the ICU. It broke the limit for the first time after hitting a record high. The stock price fell to 156.45 yuan, and the market value fell below the 200 billion mark, falling back to 195.5 billion.
In addition, Yixing Video and Kyushu Blue Arrow have also become brothers in trouble, and they both hit the bottom today.
The stocks that have fallen below the limit today have a common characteristic, which is the price-to-earning ratio. Jiuzhou Blue Arrow has a price-to-earnings ratio of more than 200 times, and Toutiao and Yixing Video have both reached price-to-earning ratios of more than 400 times.
…
But at this moment, Jian looked as if he was completely wilted. He was sitting motionless in front of the computer like a sculpture, and his entire facial expression was a mask of pain.
Today, his account has not been liquidated but he has lost control of the account, and the brokerage is in the process of forced liquidation.
The three stocks Xuefeng Technology, Huilun Crystal and Shanhe Yafu that he intervened in last Friday all hit the daily limit again today. His account was full and hit the limit again, and he lost another 230,000.
Already made a huge loss of 500,000 in two days.
Jian doubled the financing position, and if someone else hit one lower limit, he would double the amount and take one more, which is equivalent to four lower limits for a full position.
He has now lost control of his account. The brokerage firm assessed that the high bid involved in his account posed a risk of liquidation and required an additional margin call. However, he did not have the money to add more, so the brokerage firm decisively forced the liquidation.
But the terrible thing is that I queued up to sell due to forced liquidation, but I didn’t sell it today because it fell to the limit.
…
The next day, June 17th.
Today's A-share market staged a strong rebound after falling first and then the big V Tianlong. It opened flat in the morning and surged upward for two minutes before fluctuating and falling. The market index once fell by more than 2.4 percentage points, and the 4800 point was also broken.
.
Three consecutive negative lines came down, and most of the optimistic investors felt a chill, and now they were a little panicked.
But just when panic spread, the market started to stage a strong rebound at 11 o'clock. After that, it oscillated upward all the way, almost at an angle of 45 degrees. It turned red in the afternoon and successively recovered 4800 points and 4900 points.
points, the highest reached 4983.66 points, and if not for the lack of time, it would have returned to the 5000 point mark.
As of the close, the Shanghai Stock Index rebounded 80 points and closed up 1.65% at 4967.90 points.
Galaxy concept stocks also rebounded across the board today, and individual stocks in the two cities generally experienced oversold rebounds.
The panic that had spread had disappeared due to the sharp rebound in the afternoon. Many people said, "Look, it's a technical adjustment, right? It happens every time."
Teachers from the stock market V also expressed after-hours analysis: The low point of this round of adjustment has already appeared, which is 4767 points. It will not be lower than this. It will definitely be repaired and set sail again towards the road of new highs. This
The bull market has just started at 5,000 points.
I have to say that today’s rebound K-line is really harmful, causing investors who were already risk-aware to go crazy again.
But at this moment, Jian was completely numb.
His mentality has completely collapsed, because his account was liquidated today, and the three stocks involved once again fell to the limit, causing his account to directly cross the cut line, and the account funds are now only about 580,000 yuan.
Jin, the lucky thing among misfortunes is that there was no forced liquidation.
Basically, he lost 90% of all the profits he earned from the wealth fund. What really made him mentally shattered was that after the three stocks were forced to close their positions in the early trading, they rebounded sharply in the afternoon, especially Xuefeng Technology, which opened its lower limit in late trading.
It rose in a straight line and rebounded to a maximum of 8 percentage points, which was almost floor-to-ceiling.
But this has nothing to do with Jian, because his account was queued up to sell at the price limit when the market opened.
This was unacceptable to him, and his mentality almost exploded on the spot.
His mentality is also completely unbalanced, and now he is thinking about getting back his money, as soon as possible.
…
The next day, Thursday, June 18th.
This morning, the A-share market opened as scheduled. Reluctant and eager to get back his money, Jian entered the A-share market again. He entered the trading code of Toutiao and said to himself: "The popular leader must be oversold."
If you rebel, you will die on the dragon's head."
This stock opened flat today. Jian, who had already gained the upper hand, directly invested the remaining 580,000 yuan and lost more than 700,000 yuan in three days. If you want to recover your capital, you must not be timid about one or two levels of positions.
If you don’t know how to get back the money, you will waste the good fortune of the bull market.
Until now, Jian does not think that the bull market has peaked, but feels that he has stepped on a big thunder. As long as the bull market continues, there is hope for a quick recovery.
Jian's thoughts are also the thoughts of the vast majority of crazy stock investors. They don't think the bull market is over.
As time went by, during the early trading, the index fluctuated underwater several times and tried to make an upward move, but each time it fell back just as it was about to turn red. By the afternoon, the shock ended at the opening, and it only turned red for less than half a minute before turning again.
The price headed downward and accelerated its decline. After 14 o'clock, the decline further accelerated.
Jian's spirit was about to collapse, and he yelled and cursed: "Wocao Ni Ma! Wo Cao Ni Ma! I am playing with Ni Ma!"
At that time, Toutiao, the most popular leader in the world, also collapsed, with its stock price falling to 147.66 yuan, a drop of -10.00%, which hit the daily limit, with a daily trading volume of 7.3 billion.
Jian once again had a full position and hit the limit. This happened for four consecutive trading days with a full position and hit the limit. It was really miserable.
As of the close, the Shanghai Stock Index fell sharply -3.67%, losing 182 points, and closed at 4785.36 points after the market closed.
However, today's sharp drop is still within the acceptable range of most people, because the early rise was too fast, and today's lowest point did not fall below yesterday's new low. Although the trend is weak, at least the upward trend has not gone bad, so don't panic!
It is worth mentioning that today, Galaxy concept stocks collectively fell sharply, with 7 stocks among the 22 listed stocks falling below their limit, including Toutiao.
In addition, Quantitative Capital fell -7.47%, closing at 801.42 yuan, with a market value of 1,120.3 billion; WeChat, a sub-new stock, fell -7.18%, closing at 37.77 yuan, with a market value falling back to 830.9 billion.
The 22 stocks of Galaxy Group have repeatedly broken all-time highs before, and now their declines are also staggering.
Because Fang Hong did not notify Zhongtai Capital, Perennial Capital and other market makers came out to protect the market. The first wave of major declines was full of mud and sand. It was impossible for Fang Hong to make such a big mistake. He did not take advantage of this situation during the previous surge.
22 stocks will harvest the market and will not protect the market when it naturally falls.
Wealth funds are now waiting on the sidelines with trillions of cash flows, waiting to make a strong appearance after the collapse and get deeply involved.
