Chapter 437 [A short essay caused a flash crash in stock prices]
As of the close, the three major A-share indexes plummeted across the board, with the Shanghai Composite Index plummeting -.16% and closing at 98.44 points; the Shenzhen Component Index plummeting -7.00% and closing at 176.4 points; the ChiNext Index plummeting -4.46% and closing at 108.4 points.
The combined trading volume of the two cities released a huge volume of 3.3 billion, setting a historical record.
In terms of individual stocks, Weibo, the most popular leader, fell to its limit in the afternoon, with a closing price of 190.49 yuan. It released 1.8 billion of its capacity today.
The funds that entered the market today, no matter who they were, ended up being buried. It took the index two weeks to rise, and all the big negative lines fell through.
Qunxing Capital completed its liquidation plan yesterday, and it was a very comfortable withdrawal, avoiding trampling on each other with the market.
…
Entering the weekend, a "little composition" caught Fang Hong's attention.
On Saturday morning, an article questioning WeChat’s “voice function” as being illegal appeared on the Internet, and spread rapidly over the weekend.
According to this "short essay", WeChat's "voice function" is Internet telephony, which falls under the category of telecommunications operations and requires relevant licenses, and WeChat obviously does not have a legal license.
Therefore, this is an illegal operation that violates laws and regulations and should be banned or shut down.
But Weibo is actually bottomless.
…
On Monday, November 1, the A-share market opened. Weibo opened slightly higher at 181.13 yuan -4.9%. Before the opening, it pulsed upward and then ended its strength. It fell 7 percentage points in early trading and maintained a volatile consolidation pattern.
Stars Capital doesn’t even have a drawer agreement with us, it’s more like a gentleman’s agreement, but the real core driving force behind it is – credit!
[You strongly approved of Mr. Tianya’s entry into the literary world...face covering.jpg]
No one would have thought that the power of an article would directly cause Weibo to fall by 4 limits, evaporating 0 billion in market value, plus the next one would cause him to fall by the limit.
How to do it?
Outside the financial circle, there are scammers everywhere. There is no credibility at all, but it is the most trustworthy circle.
Now, the investors who are trapped by Weibo are still confused when they see that the stock has hit the limit for seven consecutive days, and they are basically looking for the bottom line.
As for individual stocks, Weibo was even more miserable today. The call auction reached the price of 14.9 yuan, and it hit the daily limit.
[They are all trapped in a horse trap, and they are still running around a lot!]
Around 13:00, the index took a small dive again, plummeting all the way. By around 14:00, the 900-point mark of the Shanghai Composite Index was broken through in one fell swoop, and the highest fell to 88 points, a drop of more than 4 percentage points.
Because several small capital institutions are responsible for the management of Weibo's market value, even after the first board fell to the limit, several small domestic capital institutions such as Zhongtai Capital and Perennial Capital were not crazy when Weibo's market value exceeded 100 billion.
Distribute chips and cash out.
[Leeks are cut!]
China Unicom operator is now the seventh minority shareholder of WeChat, and Xincheng Local State-owned Assets is the eighth minority shareholder. The most important thing is that Qunxing Capital has also joined the top institutions of the seven national teams.
That big article actually added to the emergence of WeChat’s competitors in a sense.
But Fang Hong paid a little attention to it and didn't pay much attention to it.
[Any rebound is an opportunity to escape, jog, silly boy!]
Tuesday, November 17th.
But on the seventh day, the market fell slightly again.
…
The stock has fallen from its all-time low of 18.11 yuan next Sunday to the current price of 14.97 yuan. The cumulative decline for seven consecutive limit-downs has reached -4.7%, which is close to being cut in half.
[There is no doubt about the universe on 18.11. Let’s cut it off. The crazy feast that has lasted for half a year is about to begin.]
Who dares to cross provinces and come to Xincheng to arrest people and arrest the WeChat development team?
[In an upward trend, whatever is good or bad is bad.]
Those who retreated today, Xiao Shao used this logic to grab the rebound, and then prepared to smash it to those who came to take over tomorrow.
The funds raised by those institutions will be divided into eight parts. The first part will be put back into our pockets as profits, and the seventh part will be used to support the market for Weibo. Once the stock price rises, it will only take a few hours.
When the price is determined internally by the institution, or when liquidity is extremely weak, we will take action.
[Great pen!]
The fermentation of that "big essay" had little substantive impact on WeChat, but Weibo's stock price took a hit, and performed an extremely tragic decline in the following week.
The market opened on Saturday, November 16th. The market opened in the morning and followed a trend similar to yesterday. It first fell a few points at the opening and then ended the rebound. The script of the morning market was small, but the script of the pre-noon market was completely opposite.
The fermentation during the weekends can definitely be attributed to someone adding fuel to the flames, and the rapid expansion of influence is due to the fact that many of the contents of the "big essay" lacked objectivity, such as the point that it would impact the operator's business.
But at that time, some entrepreneurs who wanted to build mobile instant messaging software did not have to worry about being caught, especially those without any background, who would definitely be sent to other provinces.
At around 13:00 in the morning, Weibo's stock price reached the price limit of 171.44 yuan, breaking the lower limit for two consecutive times. Today's trading volume was 970 million yuan, breaking the lower limit of shrinkage.
[It is easy to sell when buying and exiting, but it is difficult to sell. It has no strength to rise and the stock price is crippled. Investors will only run out of money when they die, and the market value will be cut in half and the tears will dry up. You want to cut off your flesh and leave, but you are afraid that the banker will use force and sue you. It is difficult to win stocks.
Complete.]
The seven consecutive limit drops are indeed too harsh and too slow. That is the real collective irrational behavior, and emotions are rising.
In this way, the eighth part of the funds was transferred from the seventh-level market to Qunxing Capital Watches in one go. There were no illegal operations in the entire process, and everything was executed in accordance with legal procedures.
At 10:30, Weibo's lower limit was pried open, triggering investors to follow suit. Why do we dare? Because the leading companies in the two cities will not rebound in retaliation even if their cumulative short-term slowdown fell by about -30%.
[Please ask you to chase the low warrior, your code name is 18.11, who else is there?]
Moreover, this "little essay" stated that once WeChat rises, it will inevitably have a huge impact on the business of the three major operators.
…
But in reality, it is not profit-taking for small funds. As for this big article, it only accelerates the mean return of Weibo's stock price.
Weibo's bidding opened -6.66% higher, and fell to the limit again that day. The stock price closed at 138.86 yuan, and the daily turnover shrank to 6.139 billion yuan. This was Weibo's seventh consecutive limit-down.
In short, it is not enough to make mobile instant messaging software without innovative technology and funds, but it also needs weak enough background support!
This is because Qunxing Capital will also reduce its holdings in the future, but as the largest minority shareholder who wants to reduce its holdings, because he issued an announcement on the reduction, the stock price will plummet after Qunxing Capital officially reduces its holdings.
[00, is there still no hope of getting out of the trap?]
[Is that all cutting?]
The eighth part of the money actually belongs to Qunxing Capital, and it is only temporarily placed in the names of these institutions.
It's time to pass the Goose Factory, and the little guys like Rebus are afraid.
It is the credit of Fang Hong, the credit of Qunxing Capital, and the establishment of sufficient strategic mutual trust between the two parties.
This is not the case that institutions such as Chung Tai Capital and Perennial Capital will support the market at that time and withstand the selling pressure of the market to push the stock price down. That requires real money and silver to undertake it. Stars Capital will reduce its holdings and we will pay to buy it.
And the money we paid was exactly the eighth part of the funds.
At this moment, the comment section of Weibo’s stock bar was full of howls.
Today's index fell slightly by 1. percentage points during the session. It rebounded before and rose by 0.97%, marking a golden needle bottoming out at the K-line.
The entire market was wailing, and the two small negative lines directly broke through all the gains in the past month.
In the end, I never expected that I would be the one to take over.
Once WeChat becomes less popular and small groups use WeChat for long-distance communication, the demand for phone calls will increase. This is indeed objective, especially with the popularity of smart phones, in an era when everyone has a smart phone, it will be even more
To be obvious.
That was the first time since Weibo was delisted through a backdoor scheme that it had eight consecutive daily limit drops, and it was also the first time that it had a one-word limit limit.
[The killing is so cruel!]
[With the emergence of literary giants, I feel that the bottom is about to come.]
The author who published this "big article" has not yet been criticized by the investors who are stuck in the stock on Weibo, but this is an anonymous article, and the investors are equivalent to rushing into the air.
In the morning, the index crashed like a stampede, causing Weibo's stock price to fall again and hit the daily limit. The trading volume on that day was 7.63 billion yuan, which was a step back.
[Is there any stock that only rises or falls? No matter how bad a company is, it may keep rising.]
…
Saturday, November 18th.
Bidding on Weibo opened higher by -.67%, and fell to the limit again that day. The stock price reached 14.97 yuan, and the market value shrank to 66.1 billion. The daily turnover has further shrunk. Today it is .14 billion yuan. Although the volume continues to shrink,
However, the transaction scale of RMB 100 million is still the largest transaction volume of individual stocks on the day.
