At this moment, among the true and false news flying all over the sky, the fastest-spreading and most marketable theory is that the illegal reduction of holdings of WeChat stock by major shareholders is an act of deliberate revenge by someone, rather than simply to make money.
The purpose is to use this to attack the SGX and put it into a situation where it cannot advance or retreat. The palms and backs of the hands are full of flesh. It depends on how you deal with it.
The news has been spreading wildly for almost a day. Of course, those people knew it and were secretly furious. They were angry that they were not the ones who did it, but now everyone in the market suspected that they did it secretly.
The most annoying thing is that I still can’t explain it, because if I really say a few words, it will only become darker and darker. It’s really yellow mud in my crotch, it’s either shit or shit.
In fact, those people are not stupid at all. Now they are extremely suspicious that this matter was planned by Fang Hong to get involved in the game. They are also impressed by this person's courage and ruthlessness. Even giants with a market capitalization of trillions dare to use it.
Used as a discard.
But this is not the point. The point is that at this moment, even if you suspect that this is a drama directed and acted by Fang Hong, even if you are absolutely sure that there is no solid evidence, even if you say it, no one will believe it. They will only think of your argument.
You're lying to a three-year-old child.
At this time, they also fully reacted and realized that Fang Hong had counted them to death. They expected that even if their intuition discovered it, there would be nothing they could do.
…
At the same time, affected by the news of this sudden "black swan event", the NSE 50 Index plummeted across the board. At around 11:37 a.m., the NSE 50 Index broke through 1,500 points and 1,500 points one after another from over 1,500 points.
The integer mark is 1,400 points, and the lowest has reached 1,374.37 points.
This position is the largest drop that the NSE 50 Index can make today, because when it dropped to 1374.37 points, the drop had reached -10.00%, which was the limit!
Investors from all walks of life in the market did not expect that the NSE 50 Index would actually be pushed down to the limit. It also created history and became the first time that the NSE 50 Index had an exponential limit drop since the market opened.
And another new record is that in the same month, the SGX 50 Index experienced an exponential rise and an exponential limit respectively.
Now the Galaxy concept stocks have collectively dropped to the limit, and the SGX has also staged a collective limit-down trend. Among more than 200 stocks, only 31 non-Galaxy stocks are in the red, and the rest of the stocks have all turned green, and more than 135 stocks have fallen.
It is above 5 percentage points, and 47 stocks have already dropped to their limit. The market has not closed yet, and the number of stocks that have dropped to their limit may further expand.
However, when the NSE 50 index was pushed to the lower limit position, it did not seal the lower limit, but only lasted less than a minute before rebounding.
There are funds buying the bottom on a large scale, and the funds buying the bottom are surprisingly an army of thousands of retail investors.
When there was a big drop in the morning, profit taking was mainly driven away by retail investors, and some institutions were also running away. However, because of the T3 model adopted by SGX, the institutional funds that entered in the previous two days cannot be moved now, and only three
Institutional funds can be operated days in advance.
As for the funds currently buying the bottom, they are all retail investors, while institutional funds appear to be much timid. Sometimes being too smart and thinking too much is not a good thing. As the saying goes, recklessness can overcome stealing, stealing can overcome stability, and stability can overcome recklessness.
The relatively stable institutional funds have been suppressed by the army of retail investors with reckless operations, because thousands of retail investors regard K God as their faith, and now more than ever, they firmly believe that the NSE 50 Index will definitely go long.
When the SGX had not yet been launched and could only play on the main board next door, if the market index fell too much, as long as there was money to cover positions, retail investors would dare to go to the place next door that offered refinancing and ETF securities lending.
Now that the SGX has plummeted, you still don’t dare to cover your position? Just kidding, there is a high probability that if you don’t cover your position, you really don’t have any extra funds, and you have already run out of bullets.
Some people who got on the train late regretted not entering the market when the NSE 50 index fell below 1,000 points. Now they hope that the index can fall a little more to make up for the previous short market. Almost most people with long-term investment strategies
Everyone hopes that the NSE 50 Index can fall a little more.
At this moment, it is obvious that there are huge fluctuations in the SGX today because there are an army of retail investors on both the long and short sides, because the five SGX 50 ETF funds are exploding with huge amounts.
As far as the current NSE 50 Index is concerned, observing the trends of retail investors, you can actually tell a lot of information just by looking at the volume and price trends of a few NSE 50 ETFs, because the army of retail investors basically cannot reach the entry threshold of the SGX.
, you can only participate in this market by taking a detour and buying the New Certificate 50ETF.
Today's situation is that when the market fell sharply in the early trading, several New Certificate 50 ETFs were exploding in volume, indicating that retail investors who got on the train early and accumulated generous profit orders were cashing in their profits. At this moment, they rebounded from the lower limit position and were also exploding in volume.
It is the retail investors who were short-sold in front of them who are buying the bottom.
Furthermore, the institutional T3 model inhibits the room for short-term arbitrage by large funds. Normally invested institutional large funds will not pay attention to short-term fluctuations. As long as the investment logic when entering the market has not changed, they will hold on.
, such short-term fluctuations will be smoothed out as the time period is lengthened, and will only be evacuated when the logic terminates.
As the market closed after 15 o'clock, the NSE 50 Index did not fall to the limit, but closed at a closing price of 1433.41 points, down -6.23%. It walked out of the Yin K-line with a golden needle to bottom out, although it was also an exponential drop.
, but compared with the intraday limit-down scene, it was also a bit beyond market expectations, allowing many people to see the resilience of the NSE 50 Index.
…
Xincheng, Huayang Villa Jingxinju Villa, outside the gate.
Someone came to visit at this moment. Two people rang the doorbell and stood waiting at the door. After a while, the housekeeping girl Eve Lei came here and walked out of the outer door to talk to the visitor.
"You came at a bad time today. Mr. Fang is not at home at the moment. He went out for research yesterday." Evelei said. The middle-aged man in front of her who looked to be in his 40s was the top leader of SGX, General Manager Wu.
.
"Going out for research?" General Manager Wu was surprised when he heard the news. After a while, he quickly asked: "When will Mr. Fang return?"
"He didn't say when he will come back specifically. I can call him and ask him." Eve Lei had just finished her words and was about to call Fang Hong when General Manager Wu suddenly said quickly: "That's not necessary. It's not necessary.
Don't bother him, I'll just come over and visit him when he comes back, thank you for letting me know."
Evelei immediately nodded: "Okay then, I will tell my husband when he comes back."
General Manager Wu smiled and said, "Thank you."
The conversation ended, and Evelei turned around and entered the gate and headed towards the villa. At this time, General Manager Wu also turned around silently and walked towards the car parked not far away. The accompanying secretary also quickly kept up and opened the door for him.
He opened the car door and then got into the driver's seat.
After a while, the car drove slowly and gradually moved away.
On the way, General Manager Wu was silent in the back seat. His secretary looked at the road while driving and broke the silence and said: "What a coincidence, such a big thing happened in the capital market, and he was actually there.
At this critical moment, we go out for research..."
But General Manager Wu in the back seat sighed and said slowly: "I think he knew I would come to him."
As soon as these words came out, the secretary who was driving was surprised and said: "You mean, he is deliberately avoiding you?"
General Manager Wu smiled bitterly and said: "This is not obvious..."
The secretary was confused and said: "I don't understand why he wants to avoid you in this matter? Logically speaking, it shouldn't be..."
