Chapter 307 [The motorcycle didn't fight, the bicycle only has the steering wheel]
Trading room.
Lu Ming glanced at the bidding board. The collective bidding stage was over. Tiansheng Holdings once again fell below the daily limit. This was the fourth consecutive daily price limit. The stock price dropped to 1 yuan, and the main funds have not yet taken over.
mean.
Lu Ming glanced at the trend of his company and ignored it. Li Mingyang next to him couldn't help but said: "Mr. Lu, Tiansheng... is it going to fall again?"
Today, more than 100 billion yuan has been wiped out. This kind of decline is simply a way of falling away from the devil stocks. It has even subverted people's understanding of blue-chip white horse stocks, so that some people who are value investors have begun to doubt value investing.
Already.
People who don't know the situation think that there is some earth-shattering thunder. It is indeed a thunder, but it is a thunder of secondary market funds. It has nothing to do with Tiansheng Holdings itself. On the other hand, it must also fall.
Come down.
Lu Ming said without hesitation: "If it doesn't break 14,000, stop falling here."
Li Mingyang calculated in his mind and couldn't help but be surprised: "Will the limit drop tomorrow? This... okay..."
He knew that Bo SS must have some news of his own, indicating that the institution that was willing to take over the deal was planning to take over the deal at this location. The price would drop from a high of 25,000 yuan to 14,000 yuan, a drop of about -44%, almost halved.
.
Lao Li couldn't help but smacked his lips inwardly.
At this time, Lu Ming began to issue trading instructions: "Add positions to Ganfeng Lithium, Huayou Cobalt, Triamine Optoelectronics, Hengrui Pharmaceutical..."
Li Mingyang was a little confused when he heard Bo SS's decision. Didn't he want to run away? Why did he still argue with these tickets?
Lu Ming was continuing to buy first-line blue-chip stocks that had plummeted in the past few days. He didn't touch any of the blue-chip stocks that had suffered a smaller decline. Then he bought some sub-new stocks and stocks with small and medium market capitalizations.
I spent 23.9 billion in real money one after another.
In the current chaotic period, Lu Ming engages in innovation, engages in small and medium-sized market capitalization and even speculates in junk stocks, which is to operate on large and small hot money and cut off their flesh to make up for Tian Sheng Yao Ji's retracement.
Seeing Lao Li's doubts, Lu Ming said slowly: "These first-line blue chips that have plummeted will not be able to fall in the short term. The reason is actually quite simple. Nowadays, the domestic public fund managers are being screwed by the large number of redeemed Christians.
They are hurriedly slicing money everywhere, but they can no longer take action on these core assets that have plummeted, so they can only choose those that have not fallen or have fallen less.”
Li Mingyang suddenly realized and couldn't help but smile: "I see, that's right. If it were me, I would definitely choose to cut off the stock without a sharp drop to deal with the redemption pressure. After all, the retracement is too ugly, and Christians will stay away from it in the future."
In fact, this can also explain why a stock will experience a retaliatory rebound in the short term after a sharp fall, while some stocks that did not plummet during the previous stock market crash and even appeared to be very resilient will suddenly plummet after a period of time. The reason is that fund managers
Put a knife to these votes.
Cutting off stocks that have plummeted will only lead to a worse fall. In the end, the bloody chips will be taken away by others. The fund manager is not stupid, so he can only cut stocks that have not plummeted. Then these stocks suddenly go out of the market to compensate for the decline.
However, those stocks that had plummeted suddenly experienced a short-term rebound. The logic behind this makes sense.
Lu Ming did not expect to eat up the profits from the rebound. He only relied on the rebound to control the overall retracement rate of the fund. He still cherished his feathers. The most important thing was that Lu Ming had a bad habit like obsessive-compulsive disorder. If the form
When things went bad, he even wanted to liquidate the fund and start over.
But after a rebound, there is often a step back. Take Lu Ming's operation as an example. In the end, the 100 billion funds will definitely have to be withdrawn, so in the end, there will still be a step back, thus walking out of the W shape in the K-line technical form.
Double bottom pattern.
A strong stock may usher in a new upward trend after double bottoming, while a weaker stock will repeatedly fluctuate up and down in a box range, making double, triple or even more bottoms. It will neither fall nor rise. It is there.
Constant shaking.
Finally, with the help of a major news, the box broke through and opened up room for upside.
But another situation is just the opposite. If you are determined to ship, you will make an M-shaped double top, or even a triple or quadruple top on the K-line counting pattern, and then use the big bad news to break the position, and the news will often
It was released after the market closed at the breakout level. When the market fell sharply, investors were confused. They only found out after the market closed that they had been trapped.
At this time, Li Mingyang looked at Lu Ming and said, "Mr. Lu, what should I do with the remaining 30 billion in cash?"
This time, the company brought in 100 billion yuan in working capital to take over, and half of it was used for redemptions. The stock market has already reached over 20 billion yuan, and the remaining 30 billion yuan has to be found somewhere to live.
Lu Ming: "This fund is allocated to bonds. This year, we will mainly allocate varieties from the bond market, with a heavy emphasis on bonds and light on stocks. The allocation of bond assets should account for 60% of positions and about 30% of individual stocks."
As a hybrid fund, Tiansheng Value Growth Mix is very flexible. The stock market has been bearish throughout the year this year, but the bond market has been bullish. It decisively switched to the bond market and transformed into a bond fund. It can continue to be full of positions, perfect!
The main reason is that the fund's scale of hundreds of billions is too big and difficult to adjust. If it were several billion, Lu Ming could have repeatedly jumped in the stock market and made excess returns, just like when the stock market crashed and took off against the trend.
.
Lu Ming added: "After the market closes, I will ask my assistant to give you a list of bond targets, and you can allocate them according to the debt targets above."
Li Mingyang nodded: "Understood!"
…
Around the afternoon, Jia Changliang, who was working in the company, urinated and squatted in the company's bathroom. He had been staring at the stock market during work, but his boss saw it.
Last Friday, Ah Liang was still full of confidence, seeing that wealth and freedom in life were just around the corner.
boss?
When labor and management are unhappy, the boss fires him directly.
And now Jia Changliang is glad that he did not submit a resignation letter, otherwise it would have been extremely embarrassing, and he still cannot avoid the fate of being a beaten worker!
At this moment, Ah Liang, who was squatting in the pit, opened the market software on his mobile phone and looked at the trend of Tiansheng Convertible Bonds today, with a helpless smile and sigh in his heart.
Tiansheng convertible bonds still plunged sharply today, with the bidding opening at -10%, and then a -20% drop in seconds at the opening triggering a temporary suspension mechanism. After trading resumed, a second drop of -30% triggered a second temporary suspension mechanism.
Jia Changliang still couldn't come out because there were people with larger funds than him queuing up in front. When the price and time were the same, the one with more money would be dealt first. There was no way around it. This was the deal rule of Big A.
He doesn't ask for anything else now, he just wants the funds inside to come out, no matter how much he can.
In the last three minutes of the trading session, after trading resumed, Jia Changliang hurriedly placed an order, but the order turned out to be invalid and canceled. He quickly withdrew and re-placed the order, but the order was still invalid and canceled... he could only continue to place the order again.
"Let me go, Zinima sells batches!"
Jia Changliang roared in his heart, as if he had roared out at home.
At this moment, Tiansheng Convertible Bonds plummeted again after the resumption of trading in late trading -
35%……-
40%……-
45%…-
50%…
Countless stock investors were stunned. The comments on the barrage were so popular that in the past few days, there were a lot of people who stayed away from the incident and watched the show.
"Niubi!"
"Don't fall, please don't fall... help me!"
"Tian Sheng Ling Du, leading the big guys all the way to the underworld!"
"Yesterday it plummeted -78%, and today it halved again, with a loss of -90% in two days? Is this a convertible bond?"
"To be honest, forced redemption has never fallen this far!"
"NMSL? Yesterday it plummeted so much and it's still halved today? I have no idea. I saw it dropped so much at the end of yesterday, so I came in and tried to convert bicycles into motorcycles. Now it's better. The only bicycles that didn't compete with motorcycles are riding horses.
A steering wheel..."
"This fall is very awkward!"
"Fall? Is this called a fall? This is called a return of value... [manual funny]"
"The altitude of 1,502 meters above sea level will probably never be returned to in the next life."
"Be confident and get rid of the estimate. You won't be able to go back in the next life!"
…
"Huh? Is the deal done?"
Jia Changliang, who had been placing orders all the way, couldn't help but be stunned for a moment when he saw the deal was completed. When Tiansheng Convertible Bonds cut in half again today, the volume finally came and someone was finally willing to take over the deal.
The volume in the last two minutes of the trading session exploded, and countless meat-cutting trays lined up for sale were sold quickly.
"Finally...relieved!"
Jia Changliang felt a sense of relief. He went in with 3.11 million last Friday, and after two trading days, only 330,000 was left.
