Five minutes before the call auction, Tiansheng Holdings once again pushed out the 7th daily limit. If it reaches the daily limit again today, it will be a market that has exceeded the 10th daily limit in a row.
The ultra-large-cap stocks with a market capitalization of trillions have broken out of the 10-game streak, which has never been seen before in the major A-markets.
Before the disclosure of the first quarter report, most investors in the market believed that Tiansheng Holdings would end up in ruins if it took such a course. However, after the disclosure of the first quarter report, more than 80% of institutional investors from all walks of life in the market knew very well the previous logic.
to be overthrown.
Such explosive performance is reasonable to support Tiansheng Holdings' market value of more than 2 trillion. Being pushed out of the market and the skyrocketing market price is a revaluation of value, but this is a rare upward revaluation.
When stock investors saw that Tiansheng Holdings was going to follow the rhythm of its seventh straight-line market today, it was also a boring straight-line market. Everyone was numb and no longer surprised.
At 9:23:27, in the last two minutes of the call auction, Tiansheng Holdings fell off the straight-line bidding.
This sudden change made the investors who were originally bored suddenly became energetic, and Tiansheng Holdings suddenly had more time-sharing interfaces.
"Damn it, the plan is open? No more straight planks today?"
"Is it finally over?"
"Run quickly!"
"Today it fell by the limit, Tiansheng Holdings collapsed with Big A... [smiling face]"
"The end?"
"Hurry up and keep falling!"
…
At 9:25, the collective bidding results came out. Tiansheng Holdings opened at a price of 30,327.7 yuan, +4.15% higher. The stock price reached the 30,000 yuan mark for the first time, continuing to hit a record high. The current total market value is 2,426.216 billion yuan.
When the stock investors saw it, they seemed to feel relieved.
Finally, I stopped making crazy comments all the time, and finally stopped for a while.
Continuous bidding opened at 9:30. After Tiansheng Holdings quickly surged to +5.77% in early trading, the upward momentum seemed not enough, and it immediately began to dive.
The underlying stock here suddenly turned downward, and the convertible bonds next door suddenly crashed and plummeted, and their fluctuations were much greater than those of the underlying stock.
Everyone ran away in a stampede. In the entire convertible bond market, everyone took out the nuclear button to see who could run faster!
At 9:49, the underlying stock dropped to +1.77% at the opening, and the stock price also fell below 30,000 yuan. At the same time, Tiansheng convertible bonds plunged to -12.04%, and a big negative line was really scary.
Lu Ming also watched the trend of Tiansheng Holdings for a while. He must know where the top price of this wave of main Shenglang market is. It is 33,500 yuan, and it has to reach the daily limit today.
It’s just that the reason why I didn’t move in a straight line today is that in order to hit the price of 33,500 yuan accurately, the super main force of the market control institutions, Lao Wang, released the short-term speculative profits in advance, because there was still a market washout before the market started.
Certain short-term customers have taken advantage of this market trend.
The purpose of shaking them out is to better establish the top technical form. It is also very simple to wash out these speculators. The super main force only needs to not spend money to seal the market.
After all, this has doubled the profit. If the daily limit is maintained, short-term speculative funds will naturally remain unchanged and let profits run.
Now that there is no longer a one-word daily limit, these short-term funds are ready to press the nuclear button. If the main force hits it, they will naturally cash in their profits and run away.
As a result, the market opened high this morning and then plunged.
At 10:22, Tiansheng Holdings hit the lowest level of +1.65% today and began to rebound all the way up. At that time, the convertible bonds next door had plummeted -15.69%. If the underlying stock turned green, the convertible bonds would
The edge indicator may trigger a -20% temporary stop.
But as the underlying stocks rebounded, the convertible bonds also began to rebound.
After 10:30, Tiansheng Holdings recovered the opening price and began to rise all the way.
[The securities sector moved up due to unusual changes, Tiansheng Holdings bottomed out in early trading and rebounded, with the stock price once again reaching the 30,000 yuan mark.]
When investors who hold securities companies are watching the market, they will see a small window pop-up in the lower right corner.
It's okay if you don't look at it, but it makes you even more angry when you look at it.
The securities sector has indeed begun to rise, but it has nothing to do with the securities stocks I hold, and it is still sitting there.
Obviously, this is because the rebound of the securities sector, driven by the rise of the sector leader, has nothing to do with the fact that the securities firms have no profit. Of course, I am angry.
The current total market value of the entire securities sector is approximately 6 trillion yuan, and Tiansheng Holdings has doubled during this period, bringing its weight ratio in the sector to an unprecedented 40%.
What is this concept?
When other brokerage stocks are neither rising nor falling, Tiansheng Holdings can make the entire sector rise by +2.5% with just one daily limit. This is the case now. Two-thirds of the brokerage stocks in the sector are green, but the securities sector is
With a sharp increase of +1.67%, it is no wonder that most investors who hold brokerage stocks are scolding Tiansheng Holdings.
However, the bottom-out rebound at this moment is not caused by Lao Wang and his institutions, but by foreign capital!
To be precise, they are being bought by a group of foreign investors represented by the Norwegian Wealth Sovereign Fund who are engaged in mid- to long-term left-hand transactions. These foreign investors are serious investments and are not Wall Street’s hot money. It is impossible for hot money to enter at this position.
field.
The biggest characteristic of foreign investors who make medium and long-term investments is to buy and buy. They don’t care about how much the market has risen or fallen. Their basis for buying is whether the company’s valuation is reasonable. As long as the valuation in their mind is appropriate.
Buy if it's worth it. They only trade on the left side, and they will take three to five years or even longer.
Of course I wanted to buy it before, but the market kept coming and I didn’t give it a chance.
Today, the price fell below 30,000 yuan after the market opened. These medium and long-term investors still felt that the current valuation of Tiansheng Holdings was not high, so they bought it directly.
The reason is that Tiansheng Capital's greatly unexpected quarterly report has caused these foreign medium and long-term institutional investors to revalue this listed company. The result of the revaluation is that it can be purchased for less than 30,000 yuan.
As time went by, after the stock price of Tiansheng Holdings rebounded and reached 30,000 yuan again, these medium- and long-term foreign investors decisively stopped buying.
Without the financial push, the stock price once again went sideways around 30,000 yuan, but it did not fall back. The reason is that the short-term profit-taking funds were basically all gone when the market stepped back in the morning, and the super main force did not smash it, so the stock price naturally could not go down.
.
This is how the morning session ended.
At around 13:30 in the afternoon, Tiansheng Holdings fluctuated around 30,000 yuan for a while at midday.
The super main force takes action.
A large amount of funds began to enter the market to push up the price, and the stock price soon exceeded the previous high of the day's time-sharing and continued to rise.
After the underlying stock started to rise, the convertible bonds next door took off immediately. Suddenly so much money came in to boost the convertible bonds. Most of these funds were short-term funds that came out of the underlying stock in the early trading. After realizing that the selling was flying,
Instead of going back to buy the underlying stocks, we turned around and went for convertible bonds. Because the convertible bonds were T+0, if something went wrong, we could stop the loss and run away on the same day, which caused the convertible bonds to skyrocket.
At the same time, the underlying stock continues to rise, and the stock price continues to reach record highs every minute and every second.
+6.28%,+7.12%,+8.56%,+9.79%……
At 14:13 pm, Tiansheng Holdings +10.00%, officially closed the daily limit!
Subsequently, major market software pushed out news:
[Tiansheng Holdings closed the daily limit in the afternoon, the tenth consecutive daily limit, with a stock price of 32,028.69 yuan and a total market value of 2,562.295 billion yuan, a record high]
