Chapter 292 [Smiling in the morning, dying at the end]
Major market software pops up a small window with real-time market analysis news:
[Tiansheng Holdings exploded, and the securities sector fell back after a surge.]
Exploded!
The fourth board of Tiansheng Holdings exploded, and Tiansheng Convertible Bonds next door saw the main stocks explode. Those who chased after the market at a high level in the morning now feel trembling.
Tiansheng Holdings plunged all the way to +9.15%, +7.52%, +6.88%, +4.62%... People who held Tiansheng convertible bonds at high levels were wailing inwardly as they watched the diving underlying stocks.
Can't get out!
The convertible bonds are currently locked up and are in the trading suspension stage. Trading will not resume until three minutes after the end of the trading day. People inside are constantly praying that the underlying stocks will be sealed. If not, they will explode at the end of the day.
At this moment, the barrage on Tiansheng Convertible Bonds became even more heated. Some were wailing, some praying, and some were gloating. It was really lively.
At 14:28, all major market software popped up a small window of real-time market analysis:
[Tiansheng Holdings turned green in the afternoon, the securities sector turned green, and closed stocks plunged across the board.]
Good guy, stock investors saw the nuclear button all over the securities sector. Today, 6 securities firms’ stocks closed their daily limit, and now they are all blown up and falling back. This trend makes people stupid, and stock investors call them good guys.
The securities sector staged a panic scene with multiple kills and multiple kills. The funds didn’t know what was happening, so they just ran away with them.
After Tiansheng Holdings turned green, it was still diving downwards. A huge bald negative line was like a dark cloud covering the sky. At this moment, the bulls who were originally full of momentum were defeated by the bears, and profit takers rushed to press the button and fled.
The index was also brought down!
At 14:39, just when the Shanghai stock index was about to turn green, the banking sector finally stepped forward to support the market wildly. Zhangjia Hong Kong Bank, Jiangyin Bank, and Wuxi Bank closed their daily limits, and the first bank in the world also rose by more than 5
%, the main funds entered the banking sector and violently rose to put pressure on the brokerage sector's flash crash.
But the securities firms have been too aggressive, and the banking sector is a bit unable to withstand it.
Followed closely by the national defense and military industry sectors and the high-speed transfer sector continued to move higher.
The market withstood the extreme pressure at the end of the session and did not turn green. It continued to rebound in the last ten minutes.
The securities sector rose nearly 5 points in early trading to drop nearly 2 percentage points in the afternoon, and the long sellers were left with nothing to lose.
At this moment, Tiansheng Holdings has fallen nearly 4 points from the daily limit to now. Although it has rebounded, the strength of the short side is greater than that of the long side.
In five minutes, Tiansheng Convertible Bonds will resume trading. At this moment, the barrage and comments on the Convertible Bonds time-share interface have attracted a large number of onlookers.
It’s time to test whether the main force is ambitious!
It’s time to test the board’s acceptance!
At 14:57:01, the moment Tiansheng Convertible Bonds resumed trading:
Wave OM!!!
It suddenly crashed and plunged 90 degrees vertically, and the market staged a tragic scene of crazy trading. Countless retail investors placed their orders very low, but in the end, there was still no transaction, and the orders were invalid.
The reason is that the dive is too fast, with a flash crash speed of seven or eight points per second, there is no time to place an order. Valid orders are only valid within the real-time bidding percentage, and it takes time to calculate the approximate number in your mind, input it, and wait for the reaction to happen.
Then the price went out of range again.
Seeing the sudden collapse all the way, people who have not reached the high point are almost despairing and don’t know how to operate their accounts.
It was so tragic that many people were killed, and all the hot money involved was buried.
Tiansheng Convertible Bonds surged 3.5 times in 5 days. The higher the rise, the more aggressive the accumulated short positions will be. The stock market has exploded and today and Friday, we are afraid of negative regulatory consequences due to the weekend double holiday. All this is done regardless of the cost.
Smash and rush.
The funds involved in the game all know that this position may collapse at any time. Everyone thinks it will collapse and wants to run away. Then the short positions that form a consensus will really collapse...
In the last 20 to 30 seconds of the last session, some people who were not afraid of death came in to buy the bottom. This was purely based on courage and taking a gamble to see if the bicycle could turn into a motorcycle!
…
At 15:00, Tiansheng Holdings closed at 16,603.5 yuan, down -2.19%, with a turnover of 26 billion.
The index is in the red, and the market is being protected by banks and the military industry.
Only the brokerage sector collapsed.
Tiansheng convertible bonds:
Closing price:274.167
Increase or decrease: -21.21%
Turnover: 18.7 billion
Positive stock price: Conversion price: 12350
Conversion value: 134.440
Premium rate: +103.93%
From +30% in early trading to -21% in late trading, it only took three minutes, with an amplitude of 57.54%. Many retail investors who entered the market near the high point were cut in half within three minutes!
They were eliminated in three minutes without giving any chance to react.
To recover a huge loss of 50% means you have to double it. To lose 100,000 to 50,000, you only need to cut it by 50%. To earn 50,000 to earn 50,000, you need to increase 100%. It is too difficult, and sometimes you will make more losses.
, because the mentality has collapsed, it is equivalent to being eliminated.
Smiling in the early trading, dying in the late trading, wailing all over the place, the straight diving time line in the late trading of the intraday time-sharing chart, with destroyed corpses lying in every position, and chicken feathers everywhere.
Since it was a T+0 transaction, most of the money was cut off.
With such a sharp increase, we are afraid that regulations will be issued over the weekend to cool down Tiansheng convertible bonds.
After the market closed, various screenshots of losses began to appear. Major communication groups were reposting a message. A retail investor had a principal of 300,000, and then borrowed 1.5 million from friends, relatives, etc., and the total of 1.8 million was cut in half.
The flash crash at the end of the session was so frightening that I cut myself off.
Now there are only 900,000 left. Originally there were 300,000, but now there is a direct debt of 600,000.
It only takes three minutes to go bankrupt.
Basically, this guy has been hacked to death in the fight, and GG is out!
Taoba is also hotly discussing that Tiansheng Convertible Bonds not only buried a large number of retail investors alive today, but also several well-known hot money tycoons who came in to take over today were also buried alive. They originally planned to withdraw at the end of the day.
Factors such as negative regulatory expectations over the weekend were taken into consideration, but I did not expect that Tiansheng Holdings would blow up the market in the afternoon, let alone the collective nuclear button crash of the brokerage sector.
…
Tiansheng Capital Headquarters, President's Office.
At around 17:00 in the afternoon, Han Qiulin came in with a piece of information, "Chairman, this is an encrypted document submitted by LP from Chaoyun Trust and other institutions."
Lu Ming took the document bag and glanced at the unopened opening, then tore open the seal and took it out to take a look.
"Go and do your work."
Han Qiulin nodded and turned around leisurely and left the office.
The main content of the material is the selling situation of the funds undertaken by these institutions. During the process of huge profits this week, basically 60% of the funds undertaken by the institutions have been disbursed, and 40% has not yet been disbursed.
What I have to say is that amid the current booming market trends in the entire market, the daily transaction volume in the two cities is around 650 billion, so it is relatively easy to trade.
The remaining 40% will be sold out next week without any problems.
Tiansheng Holdings once again appeared on the dragon and tiger list today. The buying and selling seats are all exclusive seats for institutions. The net outflow of funds is -759 million yuan. The main game of this ticket is still institutions. It is at a high level for the first time after the failure of the fourth board.
There are financial differences.
The main reason for today's decline is that some of the super main players who got the news are smashing the market, allowing those institutions that have no news to hand over their chips and take profits. Tiansheng Holdings currently has more than 2,300 institutions gathered together, and there are actually no more than 20 companies that can really get some news.
, and they are all truly top-tier institutions.
Other institutions simply don’t have the network resources to receive any disturbance. Even though there are more than 2,300 institutions, 118 of them only bought 100 shares, which is 1 lot.
Not as much as Niu San, Lao Yang and the 25 people he led.
If an institution buys one lot, it is also an institution's shareholding. It is still an institution after all.
Today, this bald negative line washed away a lot of profit-making funds, including some institutional funds, including Lao Yang's leveraged funds.
It’s not just retail investors who are afraid of heights. There are also many fund managers who are afraid of heights. When profits are abundant, they will also adjust positions and exchange stocks to avoid risks.
In addition, another major force in the market today was northbound funds. After-hours data showed that foreign capital sold a net -1.389 billion yuan in Tiansheng Holdings today, setting a record for the largest single-day net outflow of foreign capital.
Over the past two years or so, foreign investors have been buying and selling Tiansheng Holdings, and gradually they made a lot of money this time.
However, Lu Ming didn't care. Tiansheng Holdings' launch of the main Shenglang this time was originally a cover. In fact, today's Beijing Capital had a net inflow of 1.046 billion yuan in the A-share market throughout the day.
It's just that Tiansheng Holdings has done a lot of business here, but overall foreign investors continue to buy other stocks.
It is worth mentioning that as of today, the cumulative net purchases of foreign capital in the A-share market have exceeded 400 billion yuan. This is only the data of net purchases. In fact, foreign capital cuts flesh with a blunt knife, and funds come in and out repeatedly every trading day.
The funds for harvest arbitrage add up to more than this amount.
This time he wanted to cut off a big one, so naturally Lu Ming would not go as he wished.
