Some investors saw the Shangrong Convertible Bonds soaring so much and did not dare to chase the highs, so they went to the market to look for other low-priced targets. At this time, they saw a stock called "Huashen Pharmaceuticals" on the growth rate list suddenly exploded from underwater.
I heard it was a ticket related to sexual intercourse.
It just so happens that this stock also has a convertible bond called "Huashen Convertible Bond", and it is still underwater. Some investors who were looking for the target saw it and bought it quickly, buying it quickly and taking action decisively!
Huashen Convertible Bonds directly fell to -3.6% and quickly rose all the way to around +5%, but Shangrong Convertible Bonds are clearly the leader in today's market.
As time goes by, because there is really no way to sell the underlying stocks today, some people who are interested in the convertible bond market are posting pictures in exchange groups or stock bars and other platforms, and forwarding them to each other, more and more people are aware of the convertible bond market.
Bond market value.
Unlike the Tiansheng convertible bonds of that year and the plastic convertible bonds in the second half of last year, those convertible bond markets did let some investors know about the market, but it did not spread.
But this time is different. This time, the market and underlying stocks cannot play, which makes the investors too bored. In addition, players who have already known the convertible bond market in the past few times serve as the base of communication, which directly leads to today's convertible bond market.
The convertible bond market has been exposed as never before.
To put it simply and straightforwardly, more investors have actively or passively discovered the new world of convertible bonds, because in the past, convertible bonds were basically unplayable, and the trading volume and liquidity were just like that.
But today, thousands of investors have discovered that when the market and underlying stocks cannot be played, convertible bonds can be played, and it is still T+0. Is there a new world or a new continent?
The main funds in the current convertible bond market are definitely not large funds. The players are all small retail investors. The reason is very simple. The liquidity of convertible bonds is not great. It is easy to come in with a large amount of funds but difficult to get out, which directly eliminates institutions.
With Dazhuang, let alone hundreds of millions of funds, even 10 million funds would not dare to come in and play, and they would not be able to get out.
Even millions are difficult to get out.
So now retail investors are having a carnival and playing games with each other, but even so, today's Shangrong convertible bonds have exploded in huge amounts. Because it is a t+0 transaction, it can achieve high trading volume and high turnover rate.
Generally speaking, the convertible bond market is now being explored by more and more investors for its hype value. Even some hot money has noticed it, but there is still no large-scale participation. However, the convertible bond market is "awakening".
It's certain.
…
At the same time, the stock market was wailing all over the place, and everyone collectively pressed the button. As a result, no one could escape.
We really want to die together.
Tiansheng Holdings has experienced a unilateral sell-off. In just nine trading days, the cumulative decline has exceeded -23.66%, and its absolute market value has evaporated by 2.73 trillion. The current total market value has shrunk to 8.82 trillion.
The market was closed at noon. A-share plummeting was on the hot search list. In addition, Lu Ming was also on the hot search list.
The plummeting stock market also caused Lu Ming's net worth to plummet, and he was called the worst rich man in the new year by netizens.
The sharp decline of Tiansheng Holdings has caused Lu Ming's net worth to evaporate by 1.35 trillion yuan. Looking at the world, there is indeed no richer person worse than him, so he has been hotly discussed by many netizens.
But goose...
Even if 1.35 trillion yuan has evaporated, Lu Ming's net worth is still as high as 4.9 trillion yuan.
…
Tiansheng Capital Headquarters, lunch meeting.
Lu Ming looked at the fund managers under Tiansheng Fund and said: "The management has called me for 'guidance'. It is reported that tens of billions of insurance funds have entered the market at the bottom, and foreign investors have bought more than 8 billion in a single day in early trading.
It’s not okay to act as the last bull in the market.”
The channel for capital inflow from the north is public and can be seen by everyone. Therefore, in the eyes of the majority of investors, foreign capital has become the last bull in the market.
It has to be said that there is indeed something in this wave of operations by foreign capital. Tiansheng Holdings is still stuck at the daily limit, but the trading volume has increased by tens of billions, and foreign capital has bought more than 2 billion.
Lu Ming looked at the crowd and continued: "I won't say anything more. No one can sell net today. As a large institution, our responsibilities and actions must be reflected. I will post a blog post later to support the market!"
Everyone nodded, and everyone understood. The boss's words could be translated as: It's time to buy the bottom, let's do it!
The targets of Tiansheng Capital's heavy position in A-shares, such as the 150 constituent stocks of the two major indices of Tiansheng Shanghai 50 and Tiansheng Shenzhen 100, have not escaped and cannot escape. They can only be forced to follow the market and bear the losses of the decline.
.
The ballast stone is the fixing star.
If even the ballast stones and fixing stars are gone, a strong core support for the stock market will be gone, and everyone's confidence will collapse instantly. The big A will collapse in advance without even waiting until today.
However, the active fund managers under Tiansheng Fund are relatively flexible and had already closed all positions in the 150 non-core assets they held before the crash, so they also had positions for bargain hunting at this time.
…
Not long after the market opened in the afternoon, Lu Ming logged into his personal social media account and found a large number of comments from stock investors and fans. They were all asking Brother Yi, is there still a big A?
Lu Ming watched for a while and did not comment. Instead, he edited a new text and quickly posted it:
[Don’t ask, asking is just buying the bottom. Those who cut the meat today are all smart and don’t play tricks. I won’t analyze the reasons and logic. I will show you the cards directly. I just held a lunch meeting and clearly requested the rights and interests of Tiansheng.
The investment manager requested that no net sales be allowed today, and it is estimated that Tiansheng Fund’s equity investment managers will have 35 billion in funds to buy the market at the bottom, and they should be buying the bottom now]
This dynamic content updated by Lu Ming comes with an emoticon package: I've done the stud, feel free to do whatever you want!
Isn’t it super down-to-earth!
The village chief called Lu Ming directly to chat. Under the current irrational plummeting market situation, confidence is most needed, and Lu Ming's influence is self-evident. He stood up to support the market at this time.
It will definitely have a great boosting effect on market confidence.
Sure enough!
Not long after Lu Ming posted his message, his support quickly had an effect on the market, and the market began to rebound upward. Even if the rebound was relatively weak, it is crucial to rebound!
At this time, stock investors discovered that the two most representative smart money in the market, Tiansheng Capital and Beishang Capital, were both buying the market at the bottom. A brother from Tiansheng Capital directly issued a civilized sign, calling the names. The current operation is not to cut the flesh, but to cut the flesh.
Those who buy the bottom and cut the meat are all very smart. As for whether you believe it or not, you can judge for yourself. At this time, the net inflow of funds going north has exceeded 13 billion.
This undoubtedly gave OTC funds a lot of confidence. Some investors who had escaped the sharp decline saw this situation and finally dared to reach out to buy the bottom. However, they did not dare to pounce, but only took small positions.
However, the market is still at the lower limit of 3,200 stocks. A good phenomenon is that the market's trading volume has been released, indicating that off-site bargain hunting funds are indeed continuing to enter the market and bet on long positions.
