Chapter 1685 [This gluttonous feast will be paid by the short sellers]
Qunxing Group Headquarters, trading floor.
"I launched such a crazy and violent short squeeze, I don't even know how to end it..." the general manager of the trading team suddenly sighed while looking at the market trend.
"It's okay if I know." Fang Hong said lightly.
Hearing what the big boss said, he couldn't help but feel dumb for a while, but he still couldn't help but said: "What if the peak reaches the top and one side A kills him?"
Fang Hong said with a smile: "This carnival will be decided by our opponents. The army of short sellers will pay for the entire venue and everyone will be fed. A can't kill a single person."
Obviously, after the market violence has been driven up, it must be stable and not collapse, and Fang Hong has no intention of using the funds of Qunxing Group, Stabilization Fund, or other partner institutions to take over the market.
Instead, they plan to use the funds harvested by short sellers. The powerful groups inside have harvested 7 trillion. The diversified funds of the Squidward Group should also be more than 4 trillion. With them footing the bill, it will not be easy to stabilize the market.
It doesn't even cost that much money.
This time, Fang Hong invited his friends from all walks of life, as well as stock investors from all over the market, to come to the table for a banquet. Squidward Capital Group and the gang of eaters were served in the form of a menu to start the banquet.
Of course, if investors want to participate in this gluttonous feast, they must rely on their ability to serve.
If it's empty, there's nothing God K can do.
Because it is necessary to do this violently to squeeze out the short sellers. Without such a violent squeeze, the short seller army will definitely run away, which is equivalent to the cooked duck flying away. How can we open this seat?
Anyway, the dishes have been served and the table has been opened for everyone.
Although I will not personally send invitations to each one, everyone can come, and when they come, they can sit down and start eating.
As for how much to eat or whether to eat, it depends on each person's ability and destiny.
As of the close of trading, the SGX 50 Index soared 14.69%, exceeding the index-level daily limit of the second consecutive board, closing at 11,471.68 points. The SGX market's turnover for the whole day was 1,025.6 billion. Today's volume has not increased, but has shrunk significantly on the previous trading day.
The quantity also shrunk by 9.9 billion.
There were three consecutive positives in three days, rising from the lowest point of 8331.29. The SGX 50 index surged by 37.69% in three days. The total market value of the SGX market increased by 30 trillion in three days. The total market value not only returned to one million billion
mark, and reached 117 trillion.
…
The next day, Friday, May 7, 8 a.m.
Qunxing Group Headquarters, pre-market meeting.
"Today's strategy has been adjusted. Call auction gave me a historical high of 12057.88 on the left side. The opening price directly hit a new historical high. Today's K opened high through a super gap and directly left the left range."
At this time, Fang Hong looked around the audience and continued: "Today, we once again violently squeezed out the third daily K-line at the daily limit of the index. At the same time, using today's K-line as a benchmark, we will do a good job on the right side."
The technical form was sorted out, and the overall focus of the chips was raised to above 13,000 points and consolidated in three months."
Fang Hong added: "In other words, if the OTC funds did not get on the bus before, it would be empty. If you want to get on the bus later, the chip holding cost starts at 13,000 points. This range must be done well, steadily, and solidly."
From the current short-term point of view, Fang Hong has made a shock to build a top after a violent rise.
But if we look at it over a long period of time, it is a periodic shock to build a bottom, and consolidating 12,000 points is a layout for the market outlook to break through the 20,000-point mark.
However, the traders present were stunned when they heard that Big Boss decided to violently force short positions to hit the exponential limit again, and everyone was feeling dizzy.
These days, everyone thinks that their structure is big enough, but compared with the big BOSS, it is still small.
The first exponential daily limit short squeeze caused the opponent to make a sharp retracement of short profits, the second exponential daily limit short squeeze caused the opponent to suffer a large loss, and today's third exponential daily limit short squeeze is to let the opponent's short squeeze
Liquidation and liquidation.
After the three exponential daily limits come out, the next market trend is to start.
In fact, as long as today's call auction reaches a record high, there will be highly leveraged opponents in the army of short sellers who will begin to face liquidation.
Fang Hong looked around the crowd and said: "Today is already the fourth day. Most holders' profit orders have doubled. Coupled with tomorrow's weekend, there is a high probability that today will usher in the first round of cashing out. We must do a good job in exchanging chips on the market."
Take it with your hands."
Everyone present nodded their heads.
In the current SGX market, a daily limit for individual stocks is 20%. For those stocks that had a daily limit at the end of April 28, today there is another daily limit of 4 consecutive 20cm level limits. The cumulative increase has reached 107%. It is completed.
The stock price doubled.
Even if there was no daily limit on April 28, it still rose sharply that day. If it goes against the market today, it will almost double.
In the past four trading days, more than 2,200 stocks in the entire SGX market have collectively skyrocketed. Those at the bottom have profit orders of 70 or 80 points, and not surprisingly, more than 80% of the stocks listed in the entire SGX market have skyrocketed.
Companies will reach all-time highs today.
Many stocks are going to test the selling pressure from previous highs, and coupled with the weekend effect, there is a high probability that today’s volume will not shrink like the previous two trading days. If nothing unexpected happens, it will definitely hit a record high and refresh the record for the largest single-day transaction in history.
After the pre-market meeting, as time went by, the SGX market ushered in today's call auction as scheduled.
At 8:55, the SGX market call auction ended.
Today's opening price of the New Securities 50 Index is 12561.99 points, a super gap up 9.50%, directly crushing the historical high of 12057.88 points on the left.
The bidding has just ended, and major market software has pushed out news:
[The SGX 50 Index opened hugely higher by 9.50%, setting a new record for the largest gap in history. The opening price was 12,561.99 points, a record high. 2,077 stocks on the SGX market opened at their daily limit, setting a new intraday daily limit in A-share history.
The number of individual stocks refreshes the number of A-share opening and closing stocks in a single day's history]
As soon as the opening price came out, hundreds of millions of stockholders in the entire market and investors from all walks of life were completely excited.
In the past two months, as the Magnesium Federal Reserve announced the start of an interest rate hike cycle, some overseas investors who were dealing with the SGX market and prepared to flow funds to Beijing Magnesium are now in a state of confusion.
Especially during the five consecutive murderous killings at the end of last month, global capital accelerated its withdrawal, which was even more confusing and nerve-wracking. This was a complete cut and exit, or it was a sharp retracement of profits and left without making much money.
As a result, as soon as the front foot was withdrawn, it turned around and took off, directly and violently squeezing the air.
The SGX market has surged in the past few days, and foreign investors have certainly paid attention to it. The SGX 50 index has been paying close attention since it hit its first exponential daily limit.
But very confused.
Now, even if these foreign investors want to come back, it will take time to respond. It will take time to hold strategic consultation meetings, discuss decisions, mobilize funds, etc.
But now the SGX is rising too fast. This trend can be called a "blitz" in the financial world. In just four trading days, the SGX 50 Index went from 8331 points to violent violence in four days.
The short squeeze hit a record high. As of today's opening price, the New Securities 50 Index has soared by more than 50.78%. Individual stocks generally doubled from the bottom within four days.
It can be said that those overseas investors who wanted their funds to go to Bei Magnesium had completely shorted the market. They even realized that their withdrawal at the end of last month was to sell their chips at the floor price, and they already regretted it.
