Chapter 287 [The increase is like a rocket soaring]
By 11 o'clock, the transaction volume of Tiansheng convertible bonds reached a huge 6.5 billion, and the volume was still increasing significantly. At the same time, on the main stock side, the transaction volume of Tiansheng Holdings was only about 350 million.
The underlying stock is shrinking at its daily limit today, with more than 30 billion of orders closed on the board, but basically no one is selling, so there are basically no transactions for the underlying stock.
Convertible bonds are really exciting here.
More and more retail investors can't help but come in to play, especially some professional investors in the market who engage in short-term arbitrage of convertible bonds. They are now participating in this subject.
Because now only Tiansheng convertible bonds have high volatility, good arbitrage, and huge popularity. They are the undisputed leader in terms of scale and popularity of convertible bonds in the two cities.
At this moment, the price of Tiansheng convertible bonds has been fluctuating all the way up, and it basically cannot fall anymore, because more and more people are participating, and funds are driving it. As long as it drops by three or four percentage points, someone will buy the bottom, and then it will stop falling again.
Being pushed up.
Most people are doing high-frequency trading, and some even buy and sell immediately after seeing a floating profit of more than half a minute, and so on.
Because the fluctuations are so great, people playing with convertible bonds have an increasingly high level of dopamine secretion at this moment, which is so exciting.
At 11:24, the intraday increase in Tiansheng Convertible Bonds has reached +28.67%. As long as the increase reaches +30%, a second trading suspension will be triggered. At that time, trading will be suspended directly and will not resume trading until 14:57 at the end of the day.
However, just when it reached +29.79% and was about to trigger the second stop, it was hit by a series of large orders. It hit +23.86% and finally settled at this value. It was already 11:30 and the market was closed for the morning.
Already.
The trading volume of Tiansheng convertible bonds is huge at 8.6 billion. It is certain that the trading volume will exceed 10 billion today. Because it is a T+0 transaction, it can be bought and sold repeatedly. It is not surprising that the trading volume is large.
After all, this is the convertible bond of Tiansheng Holdings, and its reputation and popularity are not to mention.
During the lunch break, major news outlets were also reporting on Tiansheng Convertible Bonds’ explosive volume and skyrocketing today, and the comment area was filled with explosive barrage.
Someone posted a time-sharing screenshot in the comment area of Tiansheng Convertible Bonds, which was full of dense transactions. During the early trading, this person made a 35-ratio transaction.
"Brother 666, these are all transaction points. Brokerages like customers like you."
"Haha, I made a total of 21 points of arbitrage, which is not bad."
"Nice pen!"
“Let’s continue with lunch!”
"Why buy real stocks? Isn't convertible bond good? If it is good, it will not be a problem to make a profit of 50 points in a day."
"After struggling all morning, I earned 3 pips. It was only 3 pips for a full position. I am very satisfied."
…
During the lunch break, in addition to attracting retail investors, it also attracted the attention of large funds from all walks of life, and also attracted the attention of many small and large hot money.
When these hot money looked at the market price of Tiansheng convertible bonds, they thought, oh my god, the transaction volume exceeds 8 billion, so many people are playing in it, and the underlying stock is so strong, it would be a shame not to participate in a wave of emotional relay speculation.
The market opened at 13:00 sharp in the afternoon, and the closed stocks were still as stable as old dogs.
On the convertible bond side, within five seconds of the opening of the midday session, it violently surged up 5 points, reaching +28.86%, and then plummeted again, falling all the way to +17.56% before rebounding.
The trading volume also quickly exceeded 10 billion and reached 10.21 billion.
In the process of rising and falling, some people make huge profits and some lose huge money. The turnover rate has reached 400%, and more and more funds are entering the market to cut off each other.
In fact, from the resumption of trading in the morning until this moment, the big funds inside were shuffling the market to collect chips. By midday, the main players who were the first to enter saw large funds entering the market and realized that a lot of hot money was also on the table.
Already.
The main players who entered the market first began to wait, waiting for the joint force of the upward attack to form, allowing other large funds to enter the market later to collect chips.
This does not mean that the main force who entered the market first has good intentions, but it is that he cannot pull it up alone. Tiansheng's convertible bonds are too big. Unlike other convertible bonds with hundreds of millions, the main force has thousands of them.
Ten thousand can be raised to suspension.
At 13:42, the Tiansheng Convertible Bonds rose at +18.68%. Two minutes later, big funds suddenly appeared and started buying goods regardless of the cost. Hot money, large and small, which had only come in in the afternoon, saw this trend and all
Fund raising relay regardless of cost.
There is no disagreement among the big funds inside, they are all unanimously bullish.
Price growth has skyrocketed.
+21.25%!
+23.88%!
+28.31%!
…
At 13:45 minutes and 13 seconds, the price of Tiansheng convertible bonds hit 147.017 yuan, an increase of +30%, triggering a second temporary stop during the session, and trading resumed at 14:57.
After the trading suspension, retail investors who participated in this convertible bond continued to be more and more excited.
What they didn't know was that the "village chief" was silently watching and collecting data for analysis, and Lu Ming was also watching silently.
Time passed by, and all kinds of funds and retail investors were holding hands. As long as the funds did not come out of the market, they did not dare to take it lightly.
The reason is that convertible bonds on the Shanghai stock market cannot be entrusted during the trading suspension period, but convertible bonds on the Shenzhen stock market can.
Finally, the time came to 14:57 at the end of the day.
Tiansheng convertible bonds resume trading.
At the moment when the market opened, and in the first 30 seconds of the last three minutes of trading, Tiansheng Convertible Bonds surged straight up, with the price reaching 158.431 yuan, an increase of +40.09%, a direct increase of 10 percentage points.
After the second temporary suspension and resumption of trading, there is no limit on the rise or fall of convertible bonds, and theoretically they can rise indefinitely.
After the price reached 158.431 yuan, it plunged rapidly, and continued to drop wildly. The main players who came in in the early trading smashed the market and ran away. It was originally a short-term speculation, and it has skyrocketed by 40 points and it is still not going away?
Put the profits in your pocket first!
When the retail investors saw that within one minute of the resumption of trading, the price increased from a maximum of +40.09% to +25%, a thought came to everyone's mind:
Run quickly!
So in the next minute, there was a tragic killing of many, and funds from all walks of life drew their swords to attack each other. At 58 minutes and 45 seconds, the increase narrowed to 14.68%. Some retail investors who bought at the highest point now have their accounts
A huge loss of 18 percentage points.
It’s too late to sell, it’s too late at all, the plunge is too fast, retail investors are not so decisive when it comes to stopping losses, they don’t care when it falls slightly, they endure it when it falls again, they are shocked when they fall sharply, and they are stunned when they fall sharply.
, and at the same time, I was debating whether to cut off the flesh.
In just 15 seconds, many retail investors who had their high points cut off came out of their daze. They were so frightened that they didn't have time to think more. They panicked and cut the meat quickly, and they probably would have plummeted!
But at less than a minute in the last minute, at 14:59:08, a large amount of money suddenly entered the market to sneak in and rush for funds. It may be that the main force who previously smashed the market came in to take over again, or it may be new hot money.
Anyway, in the last few dozen seconds of late trading, more than one billion funds poured in, obviously it was going to be done overnight!
Tiansheng Convertible Bonds has such a large market and is so popular that the funds placed in it can be likened to a chaotic dance of demons, demons, and snakes.
There is no shortage of some talented people in the market who are quick-thinking and decisive. When they saw the large-scale rush for funds in the last few dozen seconds of the last trading day, they knew that there was a large amount of money to invest overnight.
Needless to say?
Just follow the money. If you dare to do overnight trading with such a huge amount of money, you will be given a high opening tomorrow. You can say that you can steadily earn the premium from this high opening.
In the last minute of the trading session, the stock price suddenly stopped falling and pulled wildly, then shot up in a straight line.
+17.56%!
+21.35%!
+26.35%!
It was a rocket-like surge, closing at 15:00, the data of Tiansheng convertible bonds:
Closing price:147.880
Increase or decrease: +30.76%
Turnover: 13.21 billion
Positive stock price: 14028.56
Conversion price: 12350
Conversion value:113.591
Premium rate: +30.18%
Some retail investors who cut their profits at the bottom in the last minute of the trading session were so angry that they almost vomited blood when they saw the closing price at that moment. Especially those who came in at a high point and cut their profits at a low price, they felt extremely regretful.
I was so angry that my thighs were broken and swollen.
