Chapter 336 [Suspicion and fear, confidence is gone]
The bidding turnover of Tiansheng Holdings today reached 637 million yuan. The scale of the bidding turnover is rare in the two cities. This has shown how fiercely the long and short parties competed for the opening price during the collective bidding stage, and both spent a lot of money.
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The bulls tried to forcibly raise the protective market to prevent the situation from deteriorating and causing many stocks to collapse, but the bears were determined to smash it, and in the end the bulls were completely defeated.
After the collective bidding was pushed to the lower limit, it was impossible for anyone to dare to try to pull it up, because during the 10 minutes of collective bidding, everyone saw the huge differences in the market.
The institutions and foreign investors inside, including Niu San, are all afraid and suspicious that others will run away. To put it bluntly, the market has no confidence.
The market adheres to the principle that a dead Taoist friend will never die a poor Taoist, so naturally no one will be foolish enough to protect the market.
When the time came to 9:30, the continuous bidding began. Tiansheng Holdings was firmly pinned to the one-line lower limit board and could not move at all. The closing orders on the board were superimposed crazily.
A large number of onlookers posted barrage comments on Tiansheng Holdings' daily time-sharing interface.
"Oh my god, is this envelope a suicide note?"
"What the hell, 50,000 lots of orders are closed? More than 90 billion of the huge amount of funds are waiting in line on the board. I am so dumbfounded."
"It's really cruel!"
“More than 3,000 institutions are cutting each other off, which is a wonderful move!”
“The money I spent on going north that I bought all the time some time ago was buried alive. Now everyone is probably stupid, haha!”
"There are not many retail investors in Tiansheng Holdings. It's just the institutions that kill many of them. They all want to run away, but none of them can escape. Haha, these stubborn institutions are what they are today."
"Aren't these institutions working together? Don't they discuss it so that everyone can't get out? Isn't that necessary?"
"Haha, why don't you let me go out first? There is obviously someone in the call auction who is determined to run away. If you dare to pick him up, you dare to smash it. Who dares to pick up this deal? Obviously, these more than 90 billion yuan in orders are for everyone to die."
"The organization is not monolithic. The biggest problem is that trust and suspicion have arisen. No one wants to be a successor, or they will die together, hehe."
“How many boards will it fall in a row this time?”
"Seeing him building a tall building, watching him entertaining guests, watching his building collapse."
"It's amazing. Is this the core asset? Is this the value investment? I love it... [funny face]"
"Brother Yi's position as the richest man is in danger... [manual funny]"
…
At the same time, the WeChat group of Price Tou Lao Yang exploded.
Group friends: "Perfect rhythm, more than 90 billion in orders!"
Group friends: "Damn it, there won't be another 5-word limit start, right? This is crazy..."
Group friend: "If you can't get out, you won't be able to sell Mader at all."
Group friend: "It's impossible to get out. A large number of institutions are queuing up. There's not enough room for a group of institutions. How can we, the retail investors, get the money?"
Group friend: "It would be great if I sold it last Friday!"
Group friends: "No more!"
Lao Yang: "Don't panic, everyone. We have saved the bottom line with several times the huge profits. We will continue to place orders and queue up. If we can't go out today, we will continue to place the lower limit at night."
Group friend: "Lao Yang, Tiansheng Holdings won't go back and cut it in half this time, right?"
Lao Yang: "I don't know, no one can predict this kind of unexpected event. The capital from the north has been increasing positions from the beginning of the month to last Friday, and now they are buried alive. We have profits to cover, so don't panic too much. In short, the main thing now is to protect profits."
, try to get out the whole position, don’t be half-positioned, if you can get it out, get it all out first.”
Lao Yang was also panicked by the flash crash of Tiansheng Holdings. He was not panicked by the previous five consecutive board drops, because he knew very well that they were only the funds to destroy the valuation and liquidate the Shengbao incident.
The thunderous explosion in the secondary market has nothing to do with Tiansheng Capital, so even if it goes out of the five consecutive board lowering limits, it does not panic, and it dares to quickly follow up when the fifth board drops to the limit when it sees the main players entering the market in a big way.
Because that time it was an emotional mistake.
But this time is different. This time it may be a killing logic. Tiansheng Holdings is very likely to face a revaluation of the entire valuation system. After revaluation, can it reach one trillion? Or 500 billion? Or even 200 billion? Either way.
possible.
So Lao Yang chose to evacuate in a clearing-out style this time.
Tiansheng Holdings was beaten to death so miserably today, with more than 90 billion orders closed on the board. Another important reason is that not only are there many institutions, but many of them have settled in early, and the cost is less than 5,000 yuan.
Triple the profit.
Now that there is so much uncertainty, they have accelerated the pace of fulfillment, and they do so without hesitation.
As for the institutions that accepted the fixed increase, the current cost price after restoration is negative, which is equivalent to zero cost, and institutions such as social security funds have basically sold out last week, leaving some for the purpose of smashing the market.
Most of the institutional funds are being evacuated in a stampede run. In fact, these institutions don't know that this will only cause everyone to be unable to get out. But people like Lao Wang are destroying the market behind the scenes, and there are also short selling and securities lending, all of which are destroying the market.
Market confidence makes major institutions distrust each other.
In the long-short competition in the call auction in the early trading, if today's bidding can open high, flat or even low, as long as the market does not open lower than the limit, it can open low and go to the top, because everyone knows that it is the same time now.
If you're on a boat, as long as everyone doesn't run away, the board can still be stable.
Well now, during the bidding stage, someone resolutely smashed the market and hit the limit directly. Everyone understood. We couldn't form a tacit understanding. There was nothing to say. Either labor and management were allowed to run first, or no one could even think of running.
Human nature is like this, if you don't let me have an easy time, you all can't even think about it.
Ten minutes before the opening of the market, Tiansheng Holdings was stuck on the lower limit, and the market also opened lower and fell sharply -1.67%. Because the securities sector was plummeting, the entire market was shaken.
The securities sector has been brought down by Tiansheng Holdings, and the sector bidding has plummeted -3.67%. Now it has plummeted to about -7% less than ten minutes after the opening. This reminds everyone of the previous flash crash of Tiansheng Holdings, which caused the brokerage sector to collapse.
Limit down.
It has only been less than a minute since the market opened, and the securities sector has already fallen by more than -7%. No matter how you look at it, it is heading towards the lower limit.
The capital panic index of all brokerage stocks exploded, and everyone was fleeing in a stampede.
But just after a sharp plunge in the first ten minutes of early trading, the securities sector fell sharply -7.19%. OTC funds suddenly entered the market in large numbers to buy the securities companies' stocks at the bottom, and began to sweep upwards. The entire sector stopped falling and began to rebound rapidly.
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The market also stopped falling and rebounded.
At 13:56 p.m., the securities sector turned red, with five securities stocks including Cailian Securities and Dongwu Securities hitting their daily limit. Among them, Dongwu Securities went straight out of the daily limit market.
The market also turned red after 14:01.
When the securities sector became popular, some keen funds in the market, including some hot money, quickly realized the tricks played by the main players, and understood that Tiansheng Holdings and other stocks in the securities sector were seeing a seesaw effect on each other.
When Tiansheng Holdings continued to rise sharply before, brokerage stocks were all falling. Now that the leading eldest brother has been pressed to death by the price limit, brokerage stocks have collectively made a soul-stirring rebound.
When the dragon's head falls over, it can be said that a whale falls and all things come to life.
When Tiansheng Holdings continued to rise sharply before, the brokerage stocks were almost collective and fell endlessly. Now that Tiansheng Holdings has been pressed to death on the lower limit, the brokerage stocks are almost collectively resurrected with full blood.
This part of the smart speculators in the market very decisively followed the footsteps of the main players and aggressively attacked securities, plundering the main funds. At the same time, they kept an eye on Tiansheng Holdings. As long as Tiansheng Holdings did not open the market, other stocks in the brokerage sector would have market prices.
Arbitrage is possible.
After all, there are very few funds that can react like this, and 90% of investors in the market are still unaware of it.
