Lu Ming came to the company this morning and paid attention to today's market conditions. Since Big A hit a new low for the year last week, the Shanghai Stock Exchange Index once again entered an era below 3,000 points, closing at 2,889 points last Friday.
At the opening of the market this morning, Lu Ming opened the market for Zhongxing Communications. He had already explained to Li Mingyang at the morning meeting that today was the time to buy the A-share Zhongxing Communications at the bottom.
At this moment, the call auction has ended, and Zhongxing Communications is still down to the daily limit. This is the eighth consecutive one-way limit. The stock price has dropped from more than 31 yuan to more than 13 yuan now. Investors who hold the stock are already numb.
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Since the resumption of trading, Zhongxing Communications has fallen to the one-digit limit for eight consecutive times and has plummeted by more than -56%. People who did not trade before the suspension are now full of disappointment when they open the software every morning. This has never disappointed anyone.
Those who hold this stock have mechanically set the limit overnight and wait to get out these days.
As the time came to 9:30, the market opened on time, and more than 2 billion yuan of funds were sealed on the board waiting to be released. Everyone thought that there would be no surprises today and that it would be the same as the previous few days.
The Eighth Lianban has already come out of its lowest limit. Wouldn’t it be perfect if another person just happens to practice the "Nine Yin Manual"?
But the accident happened when everyone was caught off guard.
The first 12 seconds after the market opened were as usual. In the blink of an eye, ZTE suddenly exploded in volume, and the more than 2 billion order closing funds on the limit board were wiped out by three super large transactions almost instantly.
The more than 1.6 million closed orders at the lower limit...are gone.
Zhongxing Communications' transaction volume directly dropped to the top of the list of transactions in the two cities today, knocking down Ningde Times. Ningde opened and closed negative last Friday, stopping the seven-game streak.
Tiansheng Holdings, which previously topped the daily trading volume list, has seen tepid trading volume during this period. The stock is currently bottoming out sideways. Although it has not attracted the attention of the market, its daily trading volume has never dropped.
Ranked among the top five.
It is said that after ZTE's top 1.6 million closed orders were eaten up in seconds, the lower limit was easily pried open and it surged straight up. In just one minute, the decline narrowed to -5.4%. It was not just retail investors who failed to react.
, even many large funds did not respond.
The transaction volume topped the list in both cities. Zhongxing Communications' changes quickly attracted the attention of various funds in the market, and the barrage of time-sharing charts on the market software suddenly increased sharply.
"Brother Wan Shou is so awesome. Is this Super Brother Wan Shou?"
"Could it be that Guo Jia's team took over?"
"Who's taking over?"
"It's definitely not a retail investor. He dares to take this. This main force is a bit arrogant!"
"The main force receives blood chips on a large scale, follow up quickly!"
"Damn it, I bought a steeple, and then it went down again!"
"A company that has such a big problem has to fight to get in. What a brave man!"
"I was finally released from prison. Fortunately, it was only a two-story warehouse, but the fall was a bit painful. This piece of garbage has been banned from now on!"
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There was an explosion of volume at the opening, and many retail investors followed suit and came in to gamble. However, when the increase narrowed to -5.4%, it immediately turned downwards, and five or six minutes later, the price limit fell again.
However, after the limit fell again, there were not many closed orders on the board. As time passed, the limit was opened again. Today, the long and short funds finally had huge differences. Some people were selling, some were buying, some were bargain hunting, and some were fleeing.
Zhongxing Communications' transaction volume also firmly ranks first in the two cities' transaction volume today, which is twice as much as in the Ningde era.
Lu Ming stopped paying attention to this stock after watching it for a while in the early trading. There is no doubt that the super Wanshou brother who exploded in early trading is Tiansheng Capital's undertaking fund. In this morning alone, 30% of the position goal was completed.
Not surprisingly, 40% of the overall position building goal can be completed today, and the rest can be completed in the next few days.
Judging from the current scale of transaction volume, ZTE cannot escape today's full-day turnover of 7 to 8 billion.
After Tiansheng Capital came in to pry the market, it led some follow-up funds in the market who were not afraid of death to come in and buy the bottom. These funds are long today, but if they change tomorrow, they will directly become short selling pressure.
It is impossible for the main funds to allow these bargain-hunting funds who are not afraid of death to make profits the next day. It is certain to open lower tomorrow. It is to force these bargain-hunting funds to leave at a small loss of a few points. If they are not willing to take a profit, they will drop a few more points.
Oh my god, if it doesn't go away, there will be another big negative line to continue breaking the position to threaten. Or if it doesn't go, then there will be a big positive line to relieve the situation. It's time to go, right? If it still doesn't go, start the negative down mode.
The scene at ZTE today can be described as chaotic. Institutional players and retail investors are coming in and out. Who is taking over and who is fleeing. Those without inside information will only know after the second quarter results are disclosed.
Lu Ming closed the market software and began to plan the listing of Tiansheng Capital's second convertible bond product. Today, Tiansheng Convertible Bonds have unlocked the rights to convert shares. The reason is that investors have converted almost all the convertible bonds they hold into shares.
A total of more than 2 million shares, accounting for 2.43% of the total share capital, also brings Tiansheng Capital’s current total share capital to about 82 million shares.
Tiansheng Capital is actually not short of money. The reason why Lu Ming wants to issue convertible bonds is actually more to indirectly give ordinary retail investors an opportunity to invest in Tiansheng Holdings. Currently, this convertible bond is still trading, but 95%
The bonds have been converted into shares.
However, ordinary investors only account for about 30% of the total, and the other nearly 70% are taken over by institutions and debt-to-equity swaps. Currently, Tiansheng Holdings is already in the low-bottoming stage, and institutions understand much better than retail investors.
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Exactly how many small-capital retail investors can indirectly hold the underlying stocks through the channel of convertible bonds is not what Lu Ming needs to care about. He only opened a channel for small retail investors. As for whether they can buy the underlying stocks, it depends on them.
Due to fate and fate, the passage is open there anyway, anyone can come and leave at any time.
As the first convertible bond comes to an end, Tianshengzhuan 2 is about to be prepared for listing. The issuance scale is still 30 billion. As expected, it will be issued and listed in the fourth quarter of this year.
Convertible bonds are still a channel for small businesses to get on board. In view of the performance after the issuance of the first convertible bond, Lu Ming also redesigned the issuance of Tianshengzhuan 2 as some detailed adjustments.
Under normal circumstances, the majority of retail investors who win new bonds are basically convertible bonds with a face value of 1,000 yuan, which is 1,000 yuan.
The current price per share of Tiansheng Holdings is upwards of 25,000 yuan. Once the bonds are issued and listed, many ordinary small investors who want to collect the convertible bond quota for one share of the underlying stock can only continue to purchase more convertible bonds from the market.
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This has caused the price of the convertible bonds themselves to rise and fall sharply. Either it is pure speculation, or the price is too expensive and the conversion premium rate is high, causing small investors to be reluctant to sell it, and large institutional funds to take up the bulk.
When the first convertible bond was issued, because the size of the plate was so large, almost everyone won the lottery for 1,000 yuan for the new bond. As a result, three monks had no food to eat.
The minimum subscription unit for convertible bonds is RMB 1,000, and the upper limit for a single account is 1,000 lots, which is 1,000,000 RMB for 10,000 pieces, but the limit for small orders is basically RMB 1,000.
For this reason, Lu Ming decided to take the initiative to increase the minimum subscription unit from the original yuan to 50,000 yuan per piece. The subscription limit for a single account remains unchanged at 1,000 lots, or 10,000 yuan per piece.
The minimum subscription limit of RMB 50,000 is also the account limit commonly used by Big A and small retail investors. Half of the total capital of about 100,000 yuan is used for convertible bonds, and the other half is used to play other stocks to satisfy the itchy trading desires of small retail investors.
Brother Yi can only help so much.
If you win the lottery directly, there is no need to grab it. If you win the lottery, you can just hold it and wait for the conversion of shares after half a year. To a certain extent, it can restrict large funds from grabbing funds from retail investors.
Of course, there must still be some retail investors who won the lottery and were shaken out, and that brother also said that there was nothing he could do to help.
Generally speaking, after the adjustment of Tiansheng Zhuan 2, it will definitely be able to increase the proportion of small and scattered stock conversions. This is certain. The specific amount of improvement will depend on how the stock conversion data performs at that time.
