Chapter 1019 [Thousands of stocks fell to the limit and the screen was green]
Thursday, June 25th.
Investors thought that A-shares had stabilized, but today's market took a turn for the worse again. The market index fell 162 points, or -3.46%, to close at 4527.78 points. Stocks in the two cities plummeted in large areas.
The overall average decline of the 22 stocks in Qunxing reached 8.25%. WeChat, the second-largest new stock, fell by -7.39% to 36.23 yuan/share, with a market value of 797 billion; Toutiao today hit the limit, reporting at 144.72 yuan/share, with a market value of 180.9 billion; quantitative capital dropped to the limit,
It was quoted at 763.66 yuan per share, with a market value of 1.0675 billion.
Today's sharp drop was somewhat unexpected but also expected. Many short-term investors who were looking for an oversold rebound chose to leave the market today.
Jian, who was in a state of shock, felt numb when he saw today's headlines crashing to the bottom again!
The funds in his account further hit a new low, with only 378,000 yuan left. Jian was completely numb. He sat in front of the computer and muttered to himself: "That's it, cut off your flesh? Cut off your Magabi's flesh, anyway.
You will always die wherever you go. If you don’t move your grave, I will see how low you can fall!"
…
The time has come to Friday, June 26, the last trading day of the week.
Today's A-share market can be summed up in 14 sentences: Thousands of stocks fell to their limit and the screen was green, and hundreds of millions of stockholders were everywhere in mourning.
The Shanghai Stock Index opened sharply lower than -2.82% in early trading. It reversed for about half an hour and then started to fall unilaterally. During this period, there was not even a decent rebound. Near the end of the trading session, the Shanghai Stock Index plummeted by more than -8.55%, and the ChiNext even plummeted by 9
percentage points.
More than 2,000 stocks in the two cities fell to the limit, and 22 stocks under the Group Galaxy were not immune to the disaster. The market index crashed by nearly a thousand points in a short period of time.
As of the close of trading, the Shanghai Composite Index plummeted 334 points in one day, and dropped -7.40% after the market closed to 4192.87 points, hitting a recent low.
At this time, many middle-class people with more than 10 million yuan, who are the mainstays in their respective fields, including people from the upper echelons of the financial circle, and there are many of them, realized that something was wrong and began to clear out their stocks, and they also cut their flesh.
No matter what.
As for the very few entities at the top of the financial pyramid like Star Capital, they had already completed their withdrawal a week before the market peaked.
…
In the afternoon, the news that Big A's stock price fell to the limit of 1,000 shares today also hit the hot search. Major media focused on the violent fluctuations in the stock market, and people who did not trade in stocks also took advantage of it.
At this time, Tian Jiayi came to sit down next to Fang Hong in Jingxinju Villa and said: "Our people became Jian's WeChat friends through the vest account and became a stock friend. Jian was chatting with him and told about his recent ten transactions."
He had a painful experience on the day, and even took screenshots to show him his account and the stocks he was involved in."
Tian Jiayi added: "Currently, Jian is still deeply involved in the stock of Toutiao. His account funds have been reduced from 1.29 million yuan to only about 340,000 yuan now. Not only has he lost all the income from the wealth fund, but he has also suffered a loss of principal.
The cumulative loss rate in ten trading days was -73%, and he has broken the pot."
Fang Hong couldn't help but sigh: "Losing 73 points in ten trading days, even if the position is full for ten days and hits 10 lower limits, it is only -65%. He can achieve -73%. Most people really can't lose as much as him. As a textbook
As a negative case, Jian is far more competent than I expected; as a retail investor, I sympathize with his tragic experience. Let’s give him a hot spot on the weekends.”
One code equals one code, and the popular ones still have to be sent up.
After hearing this, Tian Jiayi immediately stood up, picked up the phone, and called his subordinates to arrange the matter.
Jian's sudden loss experience is not unique among the hundreds of millions of retail investors in the A-share market. In fact, in just these ten days, there are many investors who suffered losses of more than 40 points, and those who were even worse than Jian were
There are many, and he is not the worst one.
Those who engaged in over-the-counter capital allocation and leveraged several times have had too many positions liquidated in the past few days. Jian said that he still had 340,000 left. Those whose positions were liquidated had their accounts reset to zero, and even worse, even
You may in turn owe a debt to a financial institution.
…
The next day, Saturday, June 27th.
The successive slumps in the market have finally made the management a little bit unable to sit still. Just this morning, a big news came out. The central government enlarged its strategy and directly sent the good news of "double reduction", and made a simultaneous reduction of RRR and interest rate by 0.25.
percentage point decision.
The trapped investors were waiting for some good news. The central bank launched the "double reduction" strategy, which stabilized their confidence in the market during the weekend. At the same time, it lowered the reserve requirement ratio and interest rates, which was historically the case.
Not common.
Fang Hong is also watching the news of "double cuts" at this moment. This is the first double cut by the central government in seven years. Although the RRR cut and the interest rate cut have long been expected, the choice to announce it at the right time after the stock market plummeted can be regarded as a rescue effort.
The prologue, but Fang Hong still chose to sit on the Diaoyutai and wait for the situation to change, without any intention of entering the scene.
This good news looks very exciting during the current weekend, but Fang Hong knows that this trick will not work and the market will not buy it at all.
After closing the "double drop" news, Fang Hong opened the Weibo homepage and logged in to his own personal Weibo account.
When I logged into the account, I saw that the private messages had exploded with 999, and the comments under a recent dynamic blog post were also full of lamentations.
[What a huge loss!]
[The account was cut in half within ten days, and all the previous profits were lost, and it was cut in half!]
[On May 28, when the news came out that Huijin reduced its holdings in the four major banks and Qunxing reduced its holdings in brokerage stocks, I originally planned to withdraw. After that, I withstood the sharp decline and rose until mid-June. At that time, I also planned to withdraw.
I withdrew, and many stock friends I knew also planned to withdraw, but I didn’t withdraw. I just listened to XG’s speech saying that the market was not short of money, and I believed it. This also led to many people who had the foresight to escape from the top not to run away. Now it’s really
I want to slap myself.]
[I also regret it so much. The stars have all started to withdraw. I actually imagined that the market would start at 5,000 points. I really deserve to lose money. I lost more than 20 points in vain!]
[I was wrong. I will never dare to do it again. If Qunxing withdraws in the future, I will never hesitate at all.]
[Le, the sound of the last plunge is still ringing in my ears.]
[I was lucky enough to escape from the top, but I still have lingering fears. My later strategy was very simple. I would reduce my position once the daily limit came. When I encountered a sharp drop, my position had already been reduced to almost the same amount. I went to buy a car on the weekend of June 7th.
I never expected that the stock market would peak on June 12.]
[I also escaped by luck, but my profits were retracted a bit, which is considered a decisive withdrawal. If it had been slower, it would have been a disaster. In fact, when you see the market breaking down to 4500 points continuously, you should decisively reduce or short positions.
Yes, because there was no such a large retracement before this bull market, and the chips have been loosened. Just withdraw when you need to. Don’t think about making all your money, and don’t think about being able to accurately escape from the top every time. Not everyone is like God K.
Strength!]
[Although this sharp drop has led to a rapid drop of nearly a thousand points, most people should be in a state of high floating profits, so it is not very painful for the market. Of course, if you allocate funds with several times of leverage,
I didn’t say it, but ordinary retail investors shouldn’t be able to use leverage or even use leverage several times to do it, right?]
[God K, please come out and say something, I’m so confused!]
[It’s all the fault of the one named Jane!]
[Kneel down and beg God K to come out and say something and give me and other retail investors some direction...]
