Tiansheng Capital Headquarters, President's Office.
At around 11:15 p.m., Han Qiulin, dressed in a black and white OL outfit, stood quietly next to Lu Ming in the office. The latter was reading a folder for a while, then signed his name on the document and
Stamp it with official seal.
"Let's release the news after the market closes." Lu Ming handed this material to Han Qiulin.
This material is about Tiansheng Capital's securities lending agreement. To put it bluntly, Lu Ming agreed to lend his company's stocks to the market. If there are people or institutions in the market who want to short-sell Tiansheng Capital, they will come to me, Lu Ming, to lend them.
I'll lend you the stock and you go short.
On the brokerage side, it was mainly Cailian Securities that took the majority of the securities lending business. This brokerage had a good relationship with Lu Ming and had a deep relationship. When retail investors were fighting against Big A, they used Cailian Securities.
Han Qiulin took the material and asked one more question for confirmation: "Should the market close in the morning or close in the afternoon?"
Lu Ming's words were concise and concise: "The market will be closed in early trading."
Han Qiulin confirmed again and turned to leave the office.
But just when she put her hand on the doorknob, Lu Ming, who was sitting on the boss's chair at the desk, looked up and called Han Qiulin.
"Wait a moment!"
When Han Qiulin heard the voice coming from behind her, she immediately turned around 180 degrees, stood there and looked at Lu Ming. She held up the glasses frame on the bridge of her nose with her little hand, but she was not short-sighted, and she was wearing this pair of glasses.
Glasses are more of a decoration and look very professional.
"The formal official announcement will be released on the weekend, and we will use the magical 'source' to release it today." Lu Ming said.
"Understood!" Han Qiulin nodded and asked by the way: "Does the chairman have any other instructions?"
Seeing Lu Ming shake his head, Han Qiulin opened the door and left.
…
At 11:45 noon, all major market software popped up an alert message in a small window:
[Lunchtime News: According to sources, Tiansheng Capital has lent 1.5 million shares of the company, accounting for approximately 1.875% of the total share capital, to the market as securities lending funds. ]
Such breaking news suddenly broke out during meal time, which made a large number of people unable to eat lunch and sleep poorly.
"What do you mean? What do you mean?"
"Is this true?"
"If it is true, Tiansheng Holdings may explode in the afternoon."
"To hell with the sources, Mudd!"
"If leading companies are really willing to lend their shares, it will cause real market selling, especially at high valuations."
"It is true that Tiansheng Holdings is the leader, but the question is, is the current valuation high? I don't think it is high. Although the rise in the new year has indeed been rapid, even now, the price-to-earnings ratio is only 5.98, which is less than 6 times.
P/E ratio.”
"1.875% of the total equity? Doesn't that mean that the securities lending limit exceeds 30 billion? Isn't this fake?"
"I just took a look at the margin financing and securities lending balances in the two cities. Last week, the financing balance was about 1 trillion, and the securities lending balance was 4.867 billion yuan. If Tiansheng Holdings lent 1.5 million shares, wouldn't the securities lending balance skyrocket in an instant?
More than 35 billion? Big A has never had a securities lending balance of more than 15 billion in its history, so your company alone has more than 30 billion?"
…
At 13:00 in the afternoon, the midday trading opened on time. Affected by the sudden news during the lunch break, a large number of Tiansheng Holdings' closing orders were cancelled, and those that had not been withdrawn were also bought.
Less than ten seconds after the market opened, the board was blown open, and the trading volume continued to increase. Single orders of dozens, hundreds, or even hundreds of lots of selling continued to come out.
The securities sector, which surged +7.35% in early trading, also surged higher and fell back in the afternoon without any suspense.
Another bald negative line was released at the high level of the main stock, which made those holding the Tiansheng convertible bonds next door tremble again. Is there another rush to the finish line at the end of today?
This time, a major negative news of 30 billion in securities lending funds was revealed, which was very different from last Friday’s explosion.
Tiansheng Convertible Bonds had already triggered a second temporary stop in the early trading, and they are still carrying them in the dark room and will not be released until 14:57.
As time passed by, Tiansheng Holdings plummeted. At 13:17, large funds suddenly entered the market and quickly swept up the stock. The stock price hit the lowest level during the day and rebounded to 19,071.73 yuan.
The securities sector has also bottomed out and rebounded along with its big brother.
About ten minutes later, Tiansheng Holdings successfully closed the market and opened a daily limit T-shaped board. The number of orders placed on the board that was closed again reached 37,000, which can be described as crazy.
After seeing the strong response from Tiansheng Holdings, the convertible bond people next door were relieved and could not help but breathe a sigh of relief.
Is this damn news just to clean things up?
At 14:00 in the afternoon, the securities sector once again set off a rising limit trend, with 31 securities stocks rising by their daily limits, the securities sector directly rising by their daily limits, and securities ETFs seeing their second daily limit rises.
This time the securities sector has launched a major uptrend, and even securities ETFs have risen by +40% cumulatively. Many timid retail investors who are afraid of being cheated are sighing when they look at it.
I didn’t believe it when it broke through, and thought it was a false breakthrough. By the time it really broke through, it had already risen a lot, and even the ETF had reached its daily limit. At this time, I didn’t have the courage to pursue it, and I couldn’t find a buying point to start with, so I wanted to wait for a correction.
When buying it.
Last Friday, due to the collapse of Tiansheng Holdings, the securities sector experienced a correction. Yesterday, when it opened lower in early trading on Monday, it hit the 5-day line. I still didn't dare to buy. As a result, I didn't dare to chase after the huge rise.
Today, the brokerage sector jumped short and opened higher. Just two trading days later, securities ETFs all reached their daily limit for the second time. Retail investors who were shorted regretted not catching up yesterday.
Now the higher the price rises, the less I dare to reach out to chase the price, and I become a miserable person and feel depressed.
On the contrary, there are some novices who are not afraid of tigers. They have already chased the rise without saying a word and have made money. However, for these novices who make money by luck, it is only temporary. In the end
You will still lose money based on your ability.
The tuition fees that should be paid will not be less, it is just a matter of sooner or later.
At 14:57 in late trading, Tiansheng Convertible Bonds resumed trading after the suspension. Half a minute before the opening, the price dropped by more than ten points, but it soon exploded in volume and rose straight up again.
The retail investors playing with this demon bond saw this situation and understood. If they rush to raise funds today and do it overnight, they will get a premium tomorrow. Is there stability and happiness? All those who have done it before, including some who have never done this convertible bond,
Everyone was frantically scrambling for chips in the last three minutes of the game.
The result was the same as the previous trading days, with the last three minutes skyrocketing to new highs: +28%, +33%, +39%, +44%, +47%, +53%...
Closing at 15:00, data on Tiansheng convertible bonds:
Closing price:677.761
Increase or decrease: 53.57%
Turnover: 22.9 billion
Positive stock price: 20090.2
Conversion price: 12350
Conversion value:162.673
Premium rate: +316.64%
…
The market has closed. Lu Ming, who had just returned from a meeting and returned to the office, was staring at the Tonghuashun market software on the computer screen. What was displayed was the intraday time-sharing interface of Tiansheng Convertible Bonds. At the same time, he also opened the barrage and watched silently.
A barrage of messages floating by.
The contents of these barrages all contain inappropriate and high-pitched speeches, and some shout that the price will exceed 1,000 yuan tomorrow, just do it!
Tiansheng convertible bonds' emergence from such a market once again proves the fact that "when it is released, it will cause chaos". At the same time, it also uses this sharp rise in the market to prove that Big A is correct in setting a ±10% increase or decrease and not engaging in T+0 transactions.
choose.
Look, this is T+0 trading, the consequences of not setting price limits, this is the consequence of not caring, it will give you more than 50 percentage points every day.
Tiansheng convertible bonds have become so popular now that everyone has gone crazy. They all know that it is speculation, and they all know that they will definitely end up in a mess. But they all think that they can run away, and they all think that there are even more stupid people who will come to take over.
.
A market as big as Tiansheng's convertible bonds can push up such a crazy market. It cannot be driven up by a few hot money. The real main force is not hot money, but retail investors, thousands of retail investors, and individual retail investors have small funds.
But quantitative changes lead to qualitative changes.
This is the energy that explodes when so many retail investors join forces, which is reflected in the K-line shape and skyrocket by fifty or sixty points every day.
Companies have proactively issued risk warnings, but they have all turned a blind eye.
The mood is overwhelming, and the one word that comes to my mind is... top!
Two words are...getting rich!
Three words are...crazy top!
Retail investors care so much about you, whether you have risks or not, whether you have fundamentals or not. All of them are left to the sidelines of labor and management, and that’s it!
