Chapter 1679 [A golden pit that has not been seen in ten years]
The next day, Wednesday, April 28th.
Today is the third to last trading day before May Day.
When the SGX market opened in the morning, the SGX 50 index once again gapped and opened lower, opening at 8688.97 points -1.81%, setting a new low for the year.
After the market opened, it was a familiar script for investors. It opened low and plunged all the way down. In just about half an hour, the New Securities 50 Index reached today's lowest point of 8331.29 points, a drop of -5.85%.
This number is also a historical bottom, and it will never come back or hit a new low in the future.
But at this moment, no one in the entire market knows that a historical-level bottom has appeared today, and no one realizes that this is an epic-level super gold pit that is rare in ten years or even thirty years.
But this is normal and reasonable. If we knew it, there would be no such golden pit.
Investors who were deeply trapped lay flat on their backs. Those who failed to stop losses in time generally chose to lie down and pretend to be dead. At this time, there is no such thing as stop loss at this position. To do so would be to cut off positions and cut the flesh in tears.
Today's market trading volume has shrunk significantly, which shows that everyone is lying flat and taking action, which is also a last resort.
Those who are trapped can only choose to trade time for space. They have even been mentally prepared to be trapped for several years and wait for the trap to be released after a few years.
Some people who bought individual stocks encountered a 20-centimetre-long sell-off that exceeded the half-cut line. There was no point in cutting the flesh, so they simply deleted the software and didn't look at it. Out of sight, out of mind.
Fang Hong's personal Weibo has exploded in the past few days, but he has not made any noise. Fortunately, it was like this before, but many people did not think it was inappropriate, and even speculated that God K might be taking action.
On the market, the NSE 50 index fell to 8331.29 points, and then rebounded to regain the 8500-point mark, rebounding as high as 8580 points, narrowing the decline to -3.04%. However, in the afternoon, the rebound was weak and fell back again.
Fang Hong was still putting on a show, letting those who were approved as "foreign investors" smash the market.
As of the close, the SGX 50 Index plunged -4.65% to 8438.14 points. The SGX market's full-day trading volume shrank to 1,415.7 billion, a decrease of 627.4 billion compared with yesterday's trading volume.
It can be said that the volume has shrunk significantly, which indirectly shows that everyone is really flat.
The SGX 50 Index fell from a historical high of 12057.88 points to today's new low of 8331.29 points for the year. The cumulative decline reached -30.90%, setting a new record for the largest range decline in the SGX market in more than five years since its opening. Even according to the
Calculated at today’s closing price of 8438.14 points, it also reached a cumulative decline of -30.02%.
Over the past five years or so, the NSE 50 Index has experienced several corrections during its bullish rise, many of which fell by more than -20% and were classified as technical bear market areas.
But the largest drop in the range was more than 30 percentage points, which is the first time in history.
The total market value of the SGX market has also shrunk from the peak of 117 trillion to the current 87 trillion. The paper market value has evaporated by 30 trillion, which also refreshed historical data.
Now, the consensus of the whole market is that Big A has once again ushered in a disaster-level market.
Shortly after the market closed, the management of SGX held another press conference to respond to the hot issues of keen concern to the market. This was already the third press conference.
The drama must be sufficient. During this period of unilateral decline, if the SGX behaves very calmly, its opponents will definitely make "irrational" judgments when they see it. During this period, the management of the SGX seems to be a bit in a hurry.
The opponent saw it and felt relieved.
The news of the stock market crash has once again become a hot topic in the news, making big news one after another.
At the same time, the market's general call for rescue has become stronger.
Countless investors seem to have returned to five years ago. This moment is exactly like that time. At that time, Big A also plummeted. With the attention of the media news, the market's calls for rescue came one after another.
It seems to have once again confirmed the saying: history will not simply repeat itself, but it will always be surprisingly similar.
…
The time comes to Thursday, April 29, the penultimate trading day before May Day.
Qunxing Group Headquarters, trading floor.
Fang Hong looked around at the trading team members or traders present and said: "Today's task is very simple. The bidding opened high, and the price started to rise violently in the last half hour of the trading session."
The pre-market meeting quickly made today's strategic arrangements, and all members of the trading team were ready.
The last two days before May Day are the clarion call for a counterattack and violent short squeeze. The short sellers will be blown up directly with an unprecedented violent short squeeze, allowing all participants on and off the market to witness what short squeeze means and what big call means.
What are the unprecedented Miracle Days and Miracle Weeks?
Fang Hong wants to tell everyone in this way that the super main force in this field can push as high as he wants, and he can definitely start whenever he wants.
And this will leave a spiritual imprint on every player participating in the field. Whenever there is a deep decline in the SGX market in the future, there will definitely be funds that will frantically hunt for the bottom. No one dares to doubt that it will never get up again.
.
But at this moment, the call auction of the SGX market has ended, and the opening price of the SGX 50 index came out today, opening 0.89% higher at 8513.41 points. This is the first time it has opened higher since the recent five consecutive negative unilateral explosions. You must know that the previous five
Every trading day has been marked by sharp gaps and low openings.
The first trading day this week opened higher, which surprised some funds. Many people thought it would continue to hit a new low today.
However, compared with the decline in the previous few days, opening higher by less than 1 percentage point is simply not enough.
After the market opened, it plunged again. The 8,500-point mark was broken down with almost no resistance. In just about 5 minutes, it fell back 1.36 percentage points to 8,397.17 points, turning negative again.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! However, the time-sharing line stopped falling and rebounded at the 8397.17 water level, and turned up again after jumping above the red zone, and quickly shot higher and exceeded the opening price.
However, it did not advance further, but slowly fluctuated and fell back.
On the market, the trading atmosphere in the entire SGX market today is lifeless, and the mood is extremely low. Although the trading volume has shrunk by more than 600 billion in the previous trading day, it has shrunk sharply again today.
Those who are trapped under the quilt choose to lie flat and pretend to be dead, and OTC funds are completely afraid to enter the market. The few funds that risk their lives to buy the bottom can be ignored.
The army of short sellers is also full of ambition and power. The previous attacks were so hard that they can no longer continue to attack for five trading days, because there are no more bullets in their hands.
If they want to continue to smash the market and push the index further down, the short forces have to collect chips, because the SGX market itself has no short-selling tools and cannot borrow chips to sell securities. If you don’t have chips in hand, you can only buy first and then move on.
Smash down.
But buying is equivalent to going long. Buying with too few chips will not be effective. Buying in large quantities will cause a sharp rise. Obviously, short sellers will not do this.
Their plan is that they are quite satisfied with the depth they have hit now, and they will slowly collect chips and hit it slowly in the future. They do not expect to continue to hit it any deeper. They just need to hold on to the current position and prevent rebounds. In their expectations, next
The NSE 50 Index will slowly fall, and the long counterparties in OTC trading will gradually be unable to hold on and will admit defeat one after another, and then floating profits will turn into real profits.
The current short-selling army is in control. They believe that this victory is certain, and the SGX market will be in trouble next. The previously released opinion draft will launch new indexes and a large number of industry ETFs. This in itself
It will also divert the liquidity of the NSE 50 Index and those super large-cap stocks, making it even more impossible to get up.
In the plan of Siaon Capital Group, after harvesting the profits from this round of short positions, it will reversely buy core high-quality assets at the bottom during the subsequent downturn. Those large-cap stocks have plummeted so hard this round, not to mention the decline.
The price of cabbage has increased, but the current price is definitely seriously underestimated.
At that time, you will use the harvested short profits to buy the core assets at the bottom and go long in these core assets. Squidward Capital Group's calculation is a happy one. According to their script, they will buy the core assets at the bottom and then wait for you to pull them up.
If you pull it up, I will cash out and leave the market, making a huge long profit and leaving in style.
If you don't pull up the sideways market or even go into a long-term bear market after a long period of decline, Siaang Capital Group will also accept it. If you don't pull up the price, it means that your stock market will not rise, and Beijing Magnesium Stock Market will be able to stand out.
The return on investment in the SGX market has been suppressed, and under the US dollar interest rate hike cycle, not only will funds not continue to flow in in large numbers, but existing funds will also gradually flee and enter the Bei Magnesium Capital Market, which has a higher return on investment. In this way, Bei Magnesium
The liquidity is sufficient.
If Sia Ang Capital Group really succeeds in taking short profits in this game, the script is likely to evolve like this, and the SGX market will fall into a very passive situation.
But the premise of all this is that short profits must first be pocketed and turned into real profits, and now they have not bought core assets at the bottom, which means that short profits are still floating profits and not pocketed.
