Chapter 518 [The energy of the joint effort of retail investors]
The sudden flash crash in the early trading confused many people and they were looking for the reason. After searching for a long time, they couldn't find it. Big funds were also confused, but they couldn't be confused, so they started looking for the reason.
I have to say that the efficiency is really fast, and the reason was found before the market opened in the afternoon.
Several securities firms such as Cailian Securities, which is responsible for underwriting "Tian Shengzhuan 2", know the reason, because retail investors are gathering together to subscribe for this convertible bond type, and other institutions cannot see it. But these securities firms are exceptions.
This kind of news cannot be hidden, and people with connections will quickly find out about it.
At about 12 o'clock at noon, several people in a certain hot money circle formed a small group and were chatting about today's market conditions.
"This market is really getting harder and harder to play. I don't know how many big players have been wiped out this year."
"Any news?"
"Have you guys found any targets?"
"No!"
"Since we don't have that, let's buy some bank stocks this afternoon!"
"Did you get any news?"
"Well, I have a friend who works at a securities firm. I just chatted with him on the phone for a while, and unexpectedly learned that the cause of the early trading flash crash was the issuance and listing of Tiansheng's convertible bonds, and a large number of novice retail investors grabbed the market.
Shengzhuan 2 did not clearly understand the literal meaning of ensuring account funds and thought that cash was necessary, which led to retail investors selling stocks to cash out and triggering a flash crash."
"Damn, it turns out that's what it is. The result of an analysis is like this? I'm drunk!"
"Is this news reliable?"
"Of course it's reliable. My friend works at Cai Lian Securities. The main underwriter of Tiansheng Zhuan 2 is Cai Lian Securities. We are definitely not the only ones who know the news."
"Got it, I'll find a bank to fight in the jungle this afternoon, take a bite and leave!"
…
After a few hot money confirmed the news, several other people who didn't need to disclose the information quickly understood that the bank operation in the afternoon was not 100% correct, but it had a high probability of making money. There is no 100% certainty in the stock market.
As long as the probability of winning is high, you can bet. The rest depends on whether you dare to bet.
These hot money spent the last few dozen minutes selecting targets in the banking sector. The four major banks are among the preferred targets. They usually don't even look at these bank stock targets. They can play for 1 cent a day.
The time interface moves like a loom.
But it's different now. In the short term, bank stocks have an inherent logic of rising, and all they have to do is grab this profit and run away.
At 13:00 in the afternoon, Big A opened on time as scheduled, and the index rebounded in response, because bank stocks had changed, and a large amount of funds were buying bank stocks to raise funds.
Retail investors who don't know the truth are still discussing the market that has been jumping around in recent days. They are scolding and joking. The jokers are also coming up with new jokes, and the comment area is full of demons.
The market has just opened in the afternoon, and the banking sector, which had plummeted this morning, is showing signs of rebounding. When most small and medium-sized retail investors saw this information, they subconsciously thought that Team Guo Jia was protecting the market, regardless of whether they were in charge of bank stocks.
, the market may have to challenge 2500 points again.
Time passed by minute by minute, and at around 13:30, a screenshot of a WeChat chat suddenly began to go viral on the Internet.
[The reason for the sharp drop this morning was found. It was caused by a group of retail investors who wanted to subscribe for Tianshengzhuan 2.]
[Huh? How come Tianshengzhuan 2 became a factor in the market’s decline? How did you come up with this amazing logic?]
[The thing is like this, many novices think that new debt requires cash flow, so they sell stocks impatiently, but in fact, new bonds and new stocks require shareholders’ accounts to have a market value of positions, and so many retail investors gather in one
At the right time to cash out, the huge selling pressure caused the market to fail and collapse.]
[This...well...speechless]
…
This WeChat screenshot, whose authenticity is unknown, has been forwarded in major communication groups, and some people have discussed it in forums. No one has confirmed whether it is true or false. Some people believe it, while others think it is false.
Regardless of whether it is true or not, it has caused a huge discussion anyway. On the one hand, I think it is quite reasonable. The attention of Tianshengzhuan 2 is there. On the other hand, this kind of news is very unreliable. It is often
The operational behavior of cutting leeks.
But a minute or two later, another message indirectly proved the authenticity of the WeChat picture.
At 13:47, the major market software sent a temporary announcement issued by a securities firm to shareholders through a small message pop-up window. The securities firm was surprisingly one of the securities firms that underwrote "Tianshengzhuan 2".
The content is very brief, and the most important information is the disclosure that "Tian Sheng Zhuan 2" has been oversubscribed 12 times!
What is the equivalent of this concept?
Tianshengzhuan 2 needs to raise 30 billion yuan, and the oversubscription of 12 times means that there are actually 360 billion funds in the subscription, and the other 330 billion yuan is destined to accompany it.
After this information was revealed, more and more people believed in the screenshots of WeChat that went viral not long ago.
Of the 360 billion subscription funds, even if there is only 25 billion of them if novice retail investors smashed the market together in the morning, it would be enough to bring down today's market, because this year's market is not good to begin with, and the funds are all in vain.
There should be no stimulation, and the market is interconnected. If you make a move, others who don’t know the reason will also follow suit, causing panic in funds and triggering a chain reaction.
The flash crash of a blue-chip stock may drag down a large sector, and it is not uncommon for a liquor stock's flash crash to drag down the entire liquor consumption sector on the same day.
Investors who learned the truth were speechless, and all kinds of ridicule and jokes followed.
In today's information age, news spreads very fast, especially stock market news. Because everyone pays attention to news factors, many things often spread to a large area in an instant.
Shareholders who sold stocks to subscribe for Tiansheng convertible bonds and left their funds idle saw this news, especially when they saw that they still had to hold positions in market value, but found that their shareholder accounts were already short. Although they did not say that no one knew, but they also
My face turned red and I felt a little hot, which was very embarrassing!
But the embarrassment is not the point. The point is to suddenly realize that this may lead to the failure of the subscription. This is not possible, so find a way!
These investors are silently thinking that they have missed the era when Tiansheng's stock price was 5,000 yuan, and they have missed the era of Tiansheng convertible bonds. They can no longer miss Tiansheng Zhuan 2. All other stocks are cutting leeks, and only Tiansheng Holdings is extremely stable.
If you buy it and hold it for a long time, you can basically make a satisfactory profit, so I am quite anxious.
As time passed by, at about 14:30 in the afternoon, during the half-hour trading time at the end of the afternoon, the banking sector moved up again. The banking sector, which had fallen sharply in the early trading, unexpectedly staged a V-shape in the last half hour.
It rebounded, then became stronger and stronger, and finally entered a short-squeeze upward trend.
The first line of the universe, which fell sharply -3.79% in early trading, rose rapidly in the last half hour. A large amount of funds were pouring in. Judging from the market information, small orders were mainly traded. In this case, either retail investors were crowding in.
Either it is a large amount of funds splitting orders and changing hands, but no matter what the situation is, it is a fact that funds are flowing into the banking sector in large quantities.
The actual situation is that the army of retail investors entered the banking sector in the last half hour, and specifically selected large weights such as ICBC. The trend was like a loom, one penny can play for a day.
It turns out that retail investors who cashed out in the early trading realized that they needed to have a market value of their positions to make new investments, so they had no choice but to re-buy stocks and hold them. They did not dare to buy other stocks for fear of being trapped if they entered.
Retail investors are not fools. They will find solutions by themselves. Of course, they will check it out. Baidu will ask for help, so retail investors quickly learned through various channels that there are some companies that specialize in new debt and new stocks.
People buy bank stocks like the four major banks to use the market value of their positions to make new investments.
Because these bank stocks, which can be played for one penny for a day, have small fluctuations, a major feature of this kind of stocks is that you will not lose much money, but don’t expect to make much money from bank stocks, as long as it is not similar to this year.
When you enter the market at the top of the initial market, it is basically difficult to lose money if you hold it for a long time. Even if you lose money, it will not easily exceed 20 points or even be cut in half.
Everyone turned around and saw that today's bank stocks have plummeted. The first bank in the world has plummeted by nearly 4 points. So what are you waiting for? It just happened to be a big drop to buy bank stocks at the bottom, and regain the market value of the position to subscribe for Tianshengzhuan 2.
, if the banking sector rose sharply in advance today, you might still be a little afraid of heights, but when you see a hole created, no one will give up, because no one will believe that the four major banks can collapse, so there is no ambiguity in buying the bottom!
As a result, the banking sector outperformed in the last half hour of the trading session. The first bank in the world was under water -3.79% and turned red, until it closed up +2.82% today. Benefiting from the strength of the banking sector, the market also rose in the afternoon.
It was forcibly pulled above the zero axis and turned red, and closed up +0.53%.
The market has once again witnessed the terrifying power of an army of retail investors once they form a unified force. They can crash the index in the early trading and pull the index red in the late trading, which is brutal.
