Chapter 697 [The two cities opened with a flash crash]
Perhaps this is also the reason why the short seller chose Tiansheng Holdings. The other party also knows that you cannot let the stock king continue to top the market, so the risk is not completely uncontrollable.
In the office, Lu Ming hung up the phone.
In fact, the conversation didn't last long, and we finished talking about it in two or three minutes.
This is the home field advantage. You can communicate with the management in real time to exchange opinions and suggestions. When you want to make short-term speculative profits that exceed value fluctuations, your opponent is no longer the market, but the market and the makers of the rules of the game.
The opponent has a handicap.
In fact, when Lu Ming reaps huge profits in overseas markets, he is competing against the makers of the rules of the game, including the U.S. stock market and the international crude oil market.
I'm just doing the trading with my "vest" on.
If his identity is exposed, even if Lu Ming has great skills in the market, he will never be able to make the rules of the game. If someone pulls the plug for you, pulls out the strings, and temporarily changes the rules, you will be in trouble every minute.
Trying to win against an opponent who is both a player and a referee is a hell of a job.
But winning is a huge profit among huge profits.
"If it is dominated by foreign capital, I hope that after this incident, a group of insiders can be caught." Lu Ming stared at the board and said to himself. There were still two minutes before the opening of the market.
Boom! Boom!
Lu Ming heard the knock on the door and raised his head and responded: "Come in!"
Han Qiulin walked into the office: "Just now, the North American Wall Street Journal published a so-called explosive article in the evening local time, exposing part of the negotiations between the two parties four days ago."
After hearing the news, Lu Ming was instantly convinced that foreign investors were going short, and the reason why Tiansheng Holdings dropped its limit came out!
The article stated that on Friday, May 3, John Lloyd led a delegation to Ningzhou City for face-to-face talks with Lu Ming, founder of Tiansheng Capital, and made significant progress.
And it was further revealed that John Lloyd's negotiation was a great success. The two parties reached an agreement that Tiansheng Capital will purchase 72 billion U.S. bonds this year, and according to the agreement, it will increase its holdings every year in the future.
US$72 billion, calculated at the current exchange rate, is 485 billion yuan, which is more than half of Tiansheng Capital’s current self-cash flow.
In order to prove the authenticity of the revelation, the Wall Street Journal also published a photo, which was a photo of John Lloyd. The key point is that the background in the photo is Ningzhou City.
It means that I have indeed been to Ningzhou, it’s true!
Han Qiulin said: "Does the company want to respond?"
Lu Ming shook his head: "Response to what? The news is correct. It seems that the other party is also digging a hole for me. Haha, that's good. Don't respond. Let the market guess. Only the hazy feeling allows room for imagination. This boot cannot fall to the ground right away.
It’s interesting, but I’m embarrassed to give you money again.”
As he said this, Lu Ming himself laughed.
This time, the opponent must suffer another disastrous defeat at Tiansheng Holdings, and he will be very angry and humiliated. If a flaw is revealed in the external market, the opponent will surely take revenge and make amends.
Another hard cut.
At this moment, the news spread across the ocean and caused an uproar in the domestic capital market. All investors and self-media in various financial sections called him a good guy.
After the news broke, many mainstream media in Europe and the United States quoted the reports, especially some major newspapers in North America, which gave people a feeling of showing off and pride when commenting on the news.
The comment area under Lu Ming's personal social media account has exploded with controversy. Before the news came out, there were all kinds of worship, eternal drop of God, God's prophecy, etc.
Nowadays, there are a lot of doubts and inquiries. The most doubtful one is why we agreed to sign such a cheating agreement. Doesn't it mean that we have to "pay tribute" to the beautiful country every year?
It is difficult for everyone to accept that Tiansheng Capital will sign this agreement, and they hope that Lu Ming will quickly come out to refute the rumor that this news is false.
However, Tiansheng Capital failed to respond to external concerns in a timely manner, which made the market increasingly uneasy.
In fact, some people immediately began to say that the logic of the stock king may have changed. If this agreement is true, wouldn't it mean that he would become a wage earner on Wall Street?
…
At 9:30, the morning continuous bidding transaction started on time. The market gapped and opened lower by more than 3 points. It further dived lower at the opening. The decline of the Shanghai Stock Exchange Index expanded to -4% in the opening ten minutes, and the Shenzhen Component Index and the ChiNext Index fell.
Expanding to -5%, the entire market is littered with corpses.
The number of stocks in the two cities that fell below the limit expanded to 300 within five minutes of the opening, and it is still expanding.
The two major sectors of technology semiconductors and securities stocks both crashed immediately after opening. The major leading stocks in the sector took the lead in diving. Among the chip concept stocks, Shennan Circuit, Beifang Huachuang, Ziguang Guowei, Trillion Innovation and other stocks exceeded one
One hundred stocks fell by the limit, and the entire chip concept sector plummeted -8.52%, which can be called a collapse.
If the collapse of big technology is a negative result brought about by the leadership in the early morning, then the securities sector is the king of stocks, and such a news was revealed just at the opening of the market.
Ten minutes after the opening of the securities sector, more than a dozen securities firms' stocks have already dropped to the limit, and other stocks are also on the way to the limit. The sector's decline has expanded to more than -8%.
The entire market was confused by the two super bad news in the early hours of last night and just now, especially the bad news from Tiansheng Capital. The US$72 billion alone, equivalent to approximately 485 billion yuan, is more than half of Tiansheng Capital’s own cash flow.
above.
You can also use the cash flow under the name of the LP institutional members of Tiansheng Capital to hold U.S. bonds, but what will the LPs think? Even though there is an agreement, if Tiansheng Capital does this, the LPs can only stare.
But what about in the future? Who would dare to sign such an outrageous agreement with Tiansheng Capital? Will it still be like the current situation where countless capitals are squeezing out money and leaving you to manage it?
Doing this will severely damage your credit in the long run.
The market collapsed across the board because it was worried that Tiansheng Capital would intercept liquidity from the market and sell stocks to cash out on a large scale to supplement the safety margin of liquidity. This seems to explain Tiansheng Holdings' announcement on April 22 to reduce its holdings in Zhongguo Ping An.
In short, the current market sentiment is frantically looking for negative factors to prove the current flash crash.
At present, the big blue chips are the most serious in collapse. The six big butts of "Haitian An's Mao Wulu" are basically dead. The current net value of Tiansheng Value Growth Hybrid Fund is estimated to have plummeted -9.13%.
Basically there is no difference between it and the lower limit.
Tiansheng Holdings, headed by the leader, is now stuck on the lower limit, Wuliangye has dropped to the limit, An's shares have dropped to the limit, Laojiao has dropped to the limit, Maoti has also dropped 9 points and is almost at the limit, and Haitian Weiye is still barely resisting the drop today.
, that’s because it hasn’t risen much this year, but even so it has fallen by more than 5 points.
Zhongguo Ping An was a lesson learned from the past, and now the whole market is panicking about which big blue chip Tiansheng Capital will take action next.
No matter which one, in the eyes of investors from all walks of life, all blue-chip big butts are now unsafe.
Coupled with the emotional exaggeration of public opinion, a large number of retail investors are selling big blue chips because the expectation is too scary.
Fifteen minutes after the market opened, a group of funds that were protecting the market finally couldn't bear it and began to move. At this time, funds entered the bank sector to boost the market. The main funds tried to use bank stocks to protect the index. The current decline of the Shanghai Stock Index was really ugly.
The banking sector has a heavy weight, but low liquidity. Relatively speaking, it does not require much capital to establish itself. The world's largest bank has a market capitalization of almost 2 trillion, and its daily turnover is only about 1 billion.
Liquidity is completely incomparable to the tens of billions of transactions made by stock kings every day.
Taking the near-end sub-IPO stock Qingnong Bank's daily limit as a clarion call, the banking sector rose sharply. All the four major banks were rising, and the banking sector quickly rose by more than 3 points from the bottom.
But it was soon discovered that boosting the banking sector had no effect at all, and the market was only a very weak counterattack, because the entire market was smashing, especially the securities firms, which were the hardest hit. Half of the stocks in the entire securities sector had already dropped to their limit.
The main funds decisively gave up the strategy of boosting banks, but did not take action immediately. They had to think about it, so the banking sector immediately shot up and fell back. Now the market will just lie flat and die, starting a unilateral downward trend.
.
At around 11 o'clock, the brokerage sector fell to the limit, and more than 36 stocks in the sector were stuck at the lower limit. The 2,900 point mark of the Shanghai Stock Index was also broken down at this time, and the decline expanded to -5.69%. It fell below 3,000 points in an hour and a half.
Point, 2900 points, 695 stocks in the two cities fell to the limit, and they were heading towards the limit of 1,000 shares.
Panic has exploded at this time.
…
Chapter 697 [Flash crash at the opening of the two markets]
