Convertible bonds were suspended from trading as soon as the market opened and locked up in a dark room. They had to wait for the last three minutes of the trading day to get out.
As for the trend of the underlying stock, Tiansheng Holdings’ trend today continues to maintain a pattern of up and down fluctuations. The previous few days were all doji K lines.
As time goes by, approaching the last half-five minutes of the end of the trading day, Tiansheng Holdings ended as a doji as expected today. Such a trend gave investors the feeling that they didn’t know when the market would change after the market continued to fluctuate.
For investors who win the lottery for Tiansheng convertible bonds, especially small investors with only tens of thousands of yuan in capital, it is quite good. If they win the lottery for new bonds, they will usually be given a good premium. Most of the time, on the day when the new bonds are listed, there will be a call auction.
Just sell it.
The direct bidding suspension of Tiansheng convertible bonds today was unexpected by everyone, but it is also a good thing. You can earn 300 yuan for 1,000 yuan, which is quite good for an ordinary late-night snack.
However, most people failed to sell Tiansheng Convertible Bonds in the early call auction today, and most people planned to sell them today, which means three minutes after trading resumed at the end of the day.
Tiansheng convertible bonds are under pressure.
Convertible bonds on the Shanghai Stock Exchange cannot place orders during the trading suspension period, so if you want to trade today, you can only stare at the market during the bidding period, wait for trading to resume, and start operations. Exiting early can avoid profit retracement caused by selling pressure.
As time passes by, there is less than a minute left before the end of the lottery. Thousands of retail investors who have won the lottery are already ready. Although they are all 1,000 yuan, there is a sense of ceremony.
In seconds, the buying and selling order of Tiansheng Convertible Bonds suddenly appeared and was completed at a speed of 0.6 seconds. Due to the poor performance of the underlying stock today, the current conversion premium rate has reached +%. The higher the premium, the higher the premium means that the conversion rate is +%.
It is not cost-effective, so everyone thinks that the current premium rate is too high, and everyone wants to run away after the resumption of trading.
The time-sharing curve dives directly downwards, and the trading volume rapidly increases.
…
At the same time, Jia Changliang, the little leek who opened an account and entered the big A again after delisting, made a profit again today. He sold the Stud Securities ETF before the late call auction.
The account funds of 200,000 are now only 186,000.
Jia Changliang is now in a very depressed and painful mood, because he finds that no matter what he buys, he loses money.
Be cautious when entering the market for the first time, and you will lose money; fight against hot money and catch monsters, and you will lose money; invest in small and medium-sized startup growth stocks at a low price, and you will lose money; embrace blue-chip big butts, and you will lose money; lurk at low positions in securities ETFs, and you will lose money...
Jia Changliang only felt that his brain was filled with the word "loss", and no one could understand the pain and depression in his heart.
At this moment, the time has reached the minute, and today's market will close in more than one minute.
He looked at the funds cut from his trading account and didn't know what to buy. He was short and felt uncomfortable all over.
At this time, he thought of the Tiansheng convertible bonds that had won the lottery, and immediately switched his account to take a look and planned to sell them. However, he saw that the price of the convertible bonds had been suspended from 130 yuan and then resumed trading in three minutes at the end of the trading day, all the way to 117.
Yuan, if someone bought it at 130 yuan today, they would have already lost -10%.
Jia Changliang suddenly cursed: "Fuck, how can you dive like this? Are you selling a hammer? You won't even let me earn 300 yuan? Damn it!"
In the early trading, I also saw that the yield on convertible bonds was +30%. Now I see that it is continuing to plummet, and I feel like I have lost more than ten points.
This is a typical price-anchored psychology. From the low point to the highest point and then fall, there is obviously still profit, but Jia Changliang psychologically feels that the falling part is a loss, so he is very unhappy.
There are only forty or fifty seconds left before the market closes, and the price of Tiansheng convertible bonds continues to fall.
At this time, for some reason, Jia Changliang suddenly got angry and suddenly his head turned on him. He switched to the main account and quickly entered the price of 110 yuan to buy Tiansheng convertible bonds, and it was a sum of 186,000 yuan that could be traded in the account.
Cangstud.
Since the price of the pending order is extremely low, when the order is confirmed, the price priority is directly executed within seconds. The transaction price is RMB/piece, and a total of 1,631 Tiansheng convertible bonds were purchased.
Not long after the transaction was completed, Jia Changliang suddenly regretted it and wanted to sell it quickly. Fortunately, the convertible bonds could be bought and sold on the same day. However, when he placed the order, he found that the time had already reached 15:00...the market had closed!
"I'm selling my horse, I'm making trouble when I'm riding a horse, am I Shabi?" Jia Changliang roared in his heart, regretting it very much, and felt like he wanted to die. Looking at the closing price of Tiansheng's convertible bonds, he sighed helplessly:
"Alas~"
His account was still green. The closing price of Tiansheng convertible bonds was 1.0 yuan, a loss of 1 percentage point.
Jia Changliang was so numbed by Big A that he uninstalled the Tonghuashun APP on his mobile phone in anger, and also uninstalled the securities APP. Just looking at the trading account every day was a terrible day.
"If you fall, let's fall, let's throw it away. Labor and management will just throw away the 180,000. No matter how low it is, fall as low as you like. I'm not sure what to sell." Jia Changliang cursed and just broke the pot. He didn't care about it anyway.
At a loss, I was completely desperate and gave up completely.
Maybe Big A's conscience has discovered it, or maybe Big A can't stand it anymore, having tortured him so miserably, and decided to compensate him.
At this moment, Jia Changliang does not know that when he is completely desperate, what is happening right in front of him is that things will turn upside down, and whether things will turn into peace or not, the fate of things will turn around in front of him.
…
At around 17:00 in the afternoon, Tiansheng Capital Headquarters, President’s Office.
Su Xiaoman quickly and skillfully tidied up her professional OL uniform and hairstyle, took out a few tissues to wipe the sweat on her forehead, and looked closely at her face, which was still red.
Obviously, he must have gone through quite strenuous aerobic exercise not long ago.
After everything was settled, Su Xiaoman turned her head and glanced at Lu Ming, who was resting on the big sofa with his eyes closed. She suddenly asked: "Your 'capacity' today is less than usual, why did you reduce the volume?"
After hearing this, Lu Ming was stunned for a while. When he realized it, he couldn't help but open his eyes and look around, and saw Su Xiaoman staring at him with a meaningful look.
Lu Ming thought to himself: Gan...she can observe such details?
In fact, there is no reduction in volume today because it was released too much in the early trading. In fact, it was released twice as much today!
"This is actually..."
Just when Lu Ming opened his mouth, Su Xiaoman said with a smile: "Okay, you don't have to explain, it's probably the beautiful assistant."
"..." Lu Ming was speechless.
Su Xiaoman said leisurely: "Assistant Han is obviously single, but he is getting more and more radiant. It is obviously the result of being nourished frequently. It is not difficult to see with careful observation."
Lu Ming was speechless again. There was nothing wrong with what he said. It was sound and logical. It was true.
"I'm going to work." Su Xiaoman said and left.
Lu Ming was once again left alone in the CEO's office. After lying down for a while, he got up and returned to his desk. He tapped on the keyboard a few times to bring up the market software.
Lu Ming took a look at the closing price of Tiansheng convertible bonds on the first day of listing.
Closing price:
Increase or decrease: +%
Turnover: 2.1 billion
Positive stock price:
Conversion price: 12350
Conversion value:
Premium rate: +9.51%
The performance of Tiansheng convertible bonds on the first day of listing was quite satisfactory.
The key is to look at the performance of Tiansheng Capital tomorrow Tuesday after the annual report is released.
Tiansheng's convertible bonds are worth 30 billion yuan, which is hot money. It is not easy for bankers to pull it up. The key lies in the willingness of thousands of retail investors to participate. This is a mirror that can reveal the gambling nature of thousands of retail investors in Big A.
How big.
The issuance of Tiansheng convertible bonds was not due to lack of money, but Lu Ming wanted to respond to the market's quite vocal call for Tiansheng Holdings to split its shares.
This is one aspect.
Another aspect of the issuance of Tiansheng convertible bonds is the intention of the management. It is also to test whether Big A’s T+0 transaction is feasible after many years, and finally draw data for summary, analysis and discussion.
.
This shows that Tiansheng Convertible Bonds landed in Big A with a hidden mission.
In the last century, Big A implemented the T+0 rule for stock trading for a period of time. As a result, it took speculation to the extreme, and finally stopped it and changed it to the current T+1 rule.
The convertible bond market has always been a T+0 transaction, but other convertible bond targets do not have experimental conditions. Only the Tiansheng convertible bonds listed today have a very large market, very high popularity and attention, and a very large underlying stock.
, Super high-quality performance, only the data obtained by combining these conditions can be valuable for analysis.
None of the other convertible bond targets in the market meet these "four super" conditions at the same time. Either the market is too small, or it is not popular, or the underlying stock is not good, or its performance is poor.
At this moment, the thousands of shareholders of Big A do not know that the Tiansheng convertible bonds listed today are a "baby test" given to them by the village chief, and this purpose cannot be stated. As long as it is stated, it is not a pure market behavior.
, the data obtained has no analytical value.
At 19:00 in the evening, Tiansheng Capital suddenly publicly released the company’s consolidated performance report for fiscal year 2017.
As soon as this annual report was released, the entire capital market exploded tonight, making tonight a sleepless night.
