Chapter 304 [Beasts come out of the cage, big A trembles]
Over the weekend, a huge bad news struck.
Tiansheng Capital released the self-examination status of the company's stocks and convertible corporate bonds and the resumption of trading announcement, which is an 11-page A4 paper.
The most important of these is the description of the company's self-examination.
[In view of the large fluctuations in the company's stock price and convertible bond prices, the company's board of directors has verified the company, controlling shareholders and actual controllers on relevant matters. Here is the relevant situation:
(1) There is no need to correct or supplement the information disclosed by the company in the previous period;
(2) The company has not discovered any undisclosed information recently reported by public media that may or has had a greater impact on the trading prices of the company’s stocks and convertible bonds;
(3) The company’s disclosed operating conditions and no major changes in the internal and external operating environment;
(4) After verification, the controlling shareholder, actual controller, shareholders holding more than 5% of the shares, the company’s directors, supervisors, senior managers and their immediate family members have not bought or sold the company’s stocks or convertible bonds in the recent past;
(5) The company, controlling shareholders and actual controllers have no major matters that should be disclosed but have not been disclosed, or major matters that are in the planning stage.
…
At present, the company's relevant self-examination work has been completed. According to the "Shanghai Stock Exchange Stock Listing Rules" and other relevant regulations, upon the company's application, the company's stock (securities abbreviation: Tiansheng Holdings, stock code: 603230) will be effective from February 5, 2018 (Monday)
Trading will resume from the market opening in the morning. Convertible corporate bonds (bond abbreviation: Tiansheng Convertible Bonds, bond code: 113035) will resume trading from the market opening in the morning of February 7, 2018 (Wednesday).
The company's designated information disclosure media is the Securities Times. All the company's information is subject to the information published in the above-mentioned designated media. The company will continue to strictly comply with the provisions and requirements of relevant laws and regulations, conscientiously perform its information disclosure obligations, and do a good job in a timely manner.
Information disclosure work.
Investors are kindly requested to pay attention to investment risks and invest rationally.
Announcement hereby.
Board of Directors of Tiansheng Capital Group Co., Ltd.
February 4, 2O18]
There is a lot of content. To put it simply, there is no problem with the company's operating conditions. Everything is very OK. The problem is not with the company, but with your random speculation in the secondary market. As a result, I was asked by the village chief if I secretly hid it at home.
Thunder.
Nonsense! No!
There is indeed a mine, and it is Saxo's mine, but it is not in the company, but in your secondary market. It is not my problem, it is your problem. At the same time, I clearly tell you that even if this mine explodes, it will not hurt the company. As for the
I don't know if the secondary market can explode.
In short, after the investigation is completed, trading can be resumed, and the resumption date has been determined. How you trade in the secondary market is up to you.
However, the underlying stocks and convertible bonds did not resume trading on the same day, but were staggered by two trading days. Tiansheng Holdings resumed trading first next Monday, and Tiansheng convertible bonds resumed trading next Wednesday. The reason was also disclosed in the announcement.
Of course, the real purpose of Lu Ming's arrangement is to allow the price of convertible bonds to return to normal valuations quickly and easily. To put it bluntly, when the panic reaches its peak, the convertible bonds will resume trading and then directly disappear.
Kill all the retail investors and hot money traders inside, all of them will be killed.
If you don't kill it directly, you may continue to speculate after it is released, because it is too popular and the attention is too high.
Kill directly, so that no one dares to reach out, this is the only way, a group of people are destined to be killed by suffocation.
And if trading resumes on the same day, the funds withdrawn from the convertible bonds may enter the stock market on the same day. The current theme is a kill word, don't expect any rebound, although the amount of funds withdrawn from the convertible bonds has little influence
, but staggering is generally the most appropriate way to deal with it.
As soon as the announcement came out, the market had another sleepless night.
"Run away, don't have any illusions, Big A will have no chance next week! The wild beast that has been imprisoned for a week comes out of the cage, Big A can't withstand it."
"In the context of global interest rate hikes, global liquidity has begun to tighten, and the United States and the United States are the leaders of this interest rate hike. The U.S. stock market crashed last Friday night, and the external market has collapsed. Big A has always followed the decline.
Traditionally, everyone here may wish you good luck tomorrow."
"What is supposed to come will eventually come!"
"Don't come over, don't come over... [covers face]"
"3587 Those who escape from the top are eating melons and watching the excitement."
"The trend of the main board is really big 'A'. It has a sharp top, a round bottom, bulls, short and bears, long. It's really just an 'A'. It makes my scalp numb."
"See? I'm standing on top of that spire... [smiling face]"
"Hahaha~~"
…
Finally, the time came to Monday, February 5, and Tiansheng Holdings was already No. 1 on today’s top popularity list before the market opened.
The collective bidding started at 9:15, and Tiansheng Holdings was directly hit by the lower limit.
Many investors stared at the barrages floating by on the time-sharing interface of Tonghuashun Software.
"I'm going to drop the limit straight away?"
"This bidding is probably scary, right? You can cancel the order before 9:20. Don't the main players want to come out?"
"The beast is out of the cage, let Big A tremble"
"Get away!"
"Stop and let me run first"
"Damn it, it's 9:24 and it's still on the limit? Are you really going to hit the limit?"
"What the hell...ah this..."
“It’s really a straight-line opening, it’s all gone!”
…
At the opening of the market at 9:30, Tiansheng Holdings opened at 22,611.87 yuan. The selling orders on the lower limit reached a crazy 50,000 lots. All the investors who saw it were dumbfounded. The closing orders of more than 50,000 lots meant that there were more than 1,150 orders.
Billions of dollars of funds are queuing up.
It was an absolute stampede escape, and no one could escape. It was clear that he didn’t want anyone to escape!
Because there are at least 77.5 billion funds on the board, which is extremely certain and real selling pressure. This fund is the liquidation of positions held on behalf of the Saxo platform and the funds for short-selling securities. Don't rush away and wait to be smashed.
"6666 Niubi, one Zhongxin Securities fell one day, I'm convinced!"
"What kind of fall is this?"
“Everyone is dumbfounded when I see more than 100 billion yuan in sales!”
"Wow, the securities sector is gone, the entire sector crashed -7% in less than half an hour!"
"My securities ETF has been trapped at the top of the market for more than four months. I was three to five points short of unwinding the trap and did not lower my position. Now I have been trapped for another 25 points. Really, I want to die!"
"Cut it off. The order volume of Tiansheng Holdings is expected to continue to fall to the limit tomorrow. The brokerage sector can declare death. Anyway, I don't have any illusions, you scumbag!"
"The collapse was so fast that there was no time to react. The market in the securities market peaked and it has already dropped by 21 points today. It has only been a week!"
"I'm going to kill you. How did you get up and get down?"
"The stock market crash is coming! The stock market crash is coming!"
…
Around 10 o'clock, the securities sector fell to its limit and the whole army was wiped out.
People who hold securities ETFs originally want to be safe. The ETF will not fall to the limit, right? Alas, it has dropped to the limit!
In the process of the collapse of the securities sector, the super main market support funds rushed into the banking sector to really boost the stock market. Because if the index is allowed to fall freely, the index may enter a situation where the city's many will kill many. There are bank stocks that foreign investors entered last week.
Domestic main funds did not touch it, otherwise foreign investors would definitely waste money by smashing the market, so they turned to second-tier bank stocks.
Six bank stocks hit their daily limit in the morning, but even so, they still couldn't stop the brokerage sector's lower limit, which caused an explosive panic index on the market. The Shanghai Stock Exchange Index continued to plummet.
Subsequently, cyclical sectors such as steel, coal mining and processing, non-ferrous metal smelting, and airport shipping collectively pulled the trigger, which stabilized the index.
But stabilization only stabilizes the rate of decline. The Shanghai Stock Exchange Index still fell sharply -2.18% today, closing at 3264.25 points after the market closed. It even dropped to a new low of 3243 points during the session.
At present, all funds in the market are very clear that this week is an extremely critical week for Big A, because as of today, the market has plummeted from a high of 3587 to its current position, with a cumulative decline of -9.59%.
If it is a bull market adjustment, the adjustment will be about 10% before it goes up. During the two previous bull markets of 6124 and 5178, the adjustment was about 10% and then it will continue to rise.
And if the index breaks, it means a reversal is coming. Technical analysis confirms that the upward trend will turn to a downward trend, which is fatal.
So how the index moves this week will affect the decisions of countless trend funds.
Many people still had expectations for Big A, but things turned out to be the opposite.
Bad news came from the external market tonight. The U.S. stock market crashed even more fiercely. The Dow Jones index fell sharply in late trading and flashed to -6%. If it fell another 1 point, the circuit breaker mechanism was triggered. Fortunately, it rebounded quickly and closed down.
It narrowed to -4.6%, which is still a sharp decline.
If the external market collapses further, domestic stock investors no longer have any hope for the trend of big A tomorrow, so they just lay down and give up struggling. There is no suspense that big A will plummet tomorrow.
Moreover, Tiansheng Holdings’ thunder hasn’t ended yet, and we don’t know when it will stop. When Tiansheng Holdings stops its decline, the market will be able to stop its decline. As long as Tiansheng Holdings’ plunge doesn’t stop, Big A can’t even think about it.
If you want to be popular, don’t even think about it.
