Chapter 164 Accelerated Decline
During the five-minute trading period, not only did Wan'an Technology open high and close low, but the ChiNext Index also changed suddenly.
At 9:35, the ChiNext Index suffered a sudden collapse, and the stock index fell rapidly to more than 1% in a short period of time. The sudden collapse of the index also led to a plunge in a number of ChiNext stocks. The decline of Yinzhijie, which had been fluctuating at a low level, also quickly expanded to 3%.
A large number of GEM stocks turned green, and small and medium-cap stocks followed suit. After opening high in the morning and performing poorly, the share price of Wan'an Technology instead adjusted sideways at this position.
Wan'an Technology, whose stock price remained at 11.45 yuan, attracted many retail investors to buy at the bottom, with hundreds, dozens, and even several orders pouring in.
"It's incredible! They dare to rush in under this situation." Gu Junhao shook his head; the index plummeted, and individual stocks fell across the board; there was a clear outflow of funds from Wan'an Technology in the early trading session.
When the risks of the entire market and individual stocks have been significantly magnified, big funds are waiting and watching, while retail investors still think they can buy at the bottom. It is not clear whether they are bold or ignorant.
“Let’s give it a try. If I can sell it, I’ll sell it.” After thinking about it, Gu Junhao once again placed a sell order for 1,500 lots at the price of 11.45 yuan. This time he did not directly place a low price. For Wan'an Technology, a sell order of 1,500 lots was not a small amount.
Gu Junhao's intention was not to sell the stocks, but he thought that this large sell order would more or less scare off some of the less courageous retail investors so that they wouldn't have to rush in to take over the stocks. Even if they were really optimistic about its performance and wanted to buy at the bottom, they didn't have to rush today.
After placing the order, Gu Junhao stared at the trading quotation. What he didn't expect was that retail investors were so crazy. In less than two minutes, 1,500 sell orders were digested again.
"You are all so brave. Never mind. Let's just leave it at that." Gu Junhao shook his head. He had already sold 6,000 lots. He could continue selling if he really wanted to. However, it would be much more difficult to buy back at 9,000 lots than 6,000 lots. Gu Junhao did not plan to sell any more.
These 3,000 lots can be regarded as the bottom position. As for the 6,000 lots sold, Gu Junhao is not worried about selling them at all today. At this time, no order on the market exceeds 500 lots.
That is to say, the buy orders at this moment are most likely taken by retail investors. With the dispersion of chips, it is even more impossible for the main funds to push up the price. They will not let go without washing the chips for a few days and waiting for retail investors to cut their losses.
At 9:45, the ChiNext Index fell by 1.5%, and the Shanghai Composite Index remained in the red and fluctuated near the zero axis, and the trading volume in both markets increased.
Wan'an Technology was hit by a sell order of 1,684 lots and its price fell to a flat price of 11.36 yuan. A long, bald real negative line appeared on the K-line, and the trading volume within 15 minutes was significantly increased.
At 9:47, Wan'an Technology reported 11.20 yuan, and its share price doubled, a drop of more than 6% compared with the opening price. Dongfang Wealth reported 10.53 yuan, only 0.08 yuan away from the previous low of 10.45 yuan after the ex-rights; Yinzhijie fell 3.50%, and Xibu Securities was also in the red. At this point, the four holdings turned green again.
"This market situation is really amazing. The ChiNext Index has fallen so badly." Xu Jianqing stared at the big screen speechlessly.
Yinzhijie opened low and continued to fall in the morning due to negative news. Xu Jianqing wanted to find an opportunity to buy the dip, but due to the sudden plunge of the ChiNext Index, Xu Jianqing did not dare to buy the dip at this moment. However, he hoped that Yinzhijie would fall further.
"Hey, it would be great if Yinzhijie hits the limit down today. Then we can build a position all at once like we did last time when the boss bought Tonghuashun at the bottom." Xu Jianqing suddenly said after being silent for a while.
Today, Yinzhijie's limit down price is 15.07 yuan, which is at the bottom of the box. This position is naturally an excellent place to build a position, but it seems obviously unlikely at the moment.
Currently, there are no large orders to crash the market of Yinzhijie. There are only some scattered sell orders of 500 to 1,000 lots that suppress the market from time to time. The main selling orders on the market are small and medium-sized orders.
This situation is completely opposite to Wan'an Technology, where small and medium-sized orders mainly enter, while Yinzhijie mainly exits; chasing rising and selling falling is the forte of every retail investor.
At 10:15, the ChiNext experienced another dive. At the same time, the Shanghai Composite Index also fell slightly. Individual stocks were wailing everywhere. Yinzhijie fell below the 16 yuan price for the first time, closing at 15.93 yuan, and Dongfang Fortune fell to 10.45 yuan, the same as the previous low.
Wan'an Technology's positions also fluctuated in the green market. The green turn of Wan'an Technology further stimulated the entry of retail investors, and the stock trading area was also filled with a large number of buying comments.
…
"Brothers, what are you buying today?" Compared to most people in the market, the retail investors group that Li Ze belongs to are having a more relaxed day today.
During this period, Tonghuashun has become a group stock for many people. It is said that group stocks are bound to lose money, but this is not the case in this wave. Most people sold Tonghuashun between the surge and fall yesterday, and the selling price was above 18 yuan.
The rest who did not have time to sell also cleared their positions near Tong Huashun’s flat price at the end of the trading day or in the early trading today. Everyone more or less made a profit of more than 5%.
The one with the highest profit was Brother Cao, with earnings of 4 yuan per share and total profits exceeding 140,000 yuan. As for Li Ze, he still did not sell.
"The ChiNext is diving and can't stop. How dare I buy it?"
"Li Kuang, are you really not going to sell Tong Huashun? Tong Huashun has already fallen by 4%, and it seems like it can't be stopped."
"Yes, Brother Cao has sold all of them. Brother Cao said to wait until the market falls back to the second gap before buying them back. Do you want to join us?"
"No, I won't sell. What Brother Cao said actually makes sense, but I'm itching to buy something else right after selling. I might get stuck again. Let it retrace, anyway I'm still making a lot of profit now."
"That's true. After I sold it yesterday, I couldn't help it and bought Dongfang Wealth again, thinking that there would be a rebound. I sold it at a loss today, so it was all in vain."
"To be honest, it's all thanks to Tong Huashun. We've lost a lot less these days and even made a little profit."
"Brother Cao is the happiest. He bought in at a high price of one dollar and made more than 140,000 yuan. Now he has 650,000 yuan in funds. What should Brother Cao buy today?"
"Today's market is not good, so I won't buy anything. Actually, what Li Kuang said makes sense. We with small funds still have to learn from Brother T and trade in waves. I have been studying Brother T's previous posts these two days.
You can’t learn the talent of intraday trading, which requires a very precise grasp of the market, but you can learn how to trade in waves.”
"That's right. Although we brag every day that we will appear on the Dragon and Tiger List one day, to be honest, our short-term skills are really not that good."
"Yes, if I had followed Li Kuang and bought Tong Hua Shun earlier, or followed Brother Cao, I would have made my money back now. This year, Tong Hua Shun is currently the one that has earned me the most."
"Forget it, I'll learn it too. Buy less and make fewer mistakes. I'll go short today. I looked at Wan'an Technology this morning. When I was about to buy, I saw a large order suppressing the market and I was scared back. Fortunately, I didn't buy it. Now it's green."
"Yeah, I saw it too. If it were before, I would definitely buy the dip by now, but now I don't want to think about it. Let's just keep the profit first. It's not easy to make a profit."
"If you ask me, you shouldn't worry about so many things. Didn't you say that Tonghuashun has fallen by 4% now? Just copy it back and delete the software. Wait and see when it reaches 26." Li Ze suddenly said while taking advantage of a break in digging coal.
"That makes sense, but I'd better wait a little longer. It's still falling now. If it drops a little more, I'll buy it back. It would be best if it hits the limit down."
"MD, can't you see that I'm making money? It's still hitting the limit down. I'll buy the dip and increase my holdings if it hits the limit down." Li Ze said angrily.
"You are out of money, aren't you? Where do you get the money to increase your position?"
"Today is the 15th, and mysterious funds can enter the market. I won't say more, I'm going to mine coal. Brothers, if the price drops to the limit, let me know, and I'll add to my position."
"Tsk, tsk, high salary means arrogance."
…
"Xiao Xu, you can start building a position." The ChiNext Index plunged again, and Yinzhijie's decline has widened to more than 5%. There is no problem in gradually building a position.
With the trading volume of Yin Zhijie, Xu Jianqing has more than 11 million in funds on hand. It is impossible for him to buy it all at once, or to buy it at the lowest price. Starting from today, slowly building up a position is the right choice.
"Okay." Xu Jianqing said excitedly. He hadn't traded for a week and he couldn't wait any longer.
Seeing Wang Ruoyu looking at him, Gu Junhao knew what he was thinking and said with a smile, "Wait a little longer. Dong Fang's wealth hasn't fallen enough yet. We have to wait until he creates a new low."
"Boss, are you so sure? You know, although his performance today is not outstanding, it is already very good. What if it improves?" Wang Ruoyu asked doubtfully.
"Given the attitude of the funds that plunged yesterday, I don't believe that no one among these funds knew that Dongfang Wealth would release its performance announcement last night, but they still chose to dump the market in large quantities. It is impossible for them to pull it up so quickly today."
At this moment, Dongfang Wealth only closed with a green cross star with a shrinking volume. The amplitude of the shock is very small, and the stock price has also hit a new low recently. If it closes with such a cross star today, then judging from the trend, it will be a downward relay.
After a full day of trading, Wan'an Technology and Yinzhijie ended up with a sharp drop as expected. Wan'an Technology's full-day fluctuation was 7.03 %, and its opening price of 11.88 yuan was the highest price of the day. It finally closed at 11.23 yuan, a drop of 1.14%. The trading volume continued to increase to 124 million yuan.
Gu Junhao did not take back the 6,000 lots sold today. Wan'an Technology is under dark clouds. A large real negative line shows that the pressure from above is not small, and the current volume is not enough to break through.
The price of 11.23 yuan is still some distance away from the five-day line of 10.68 yuan. Gu Junhao plans to take back Wan'an Technology in batches near this position.
The average transaction price of the 6,000 lots cleared today was 11.70 yuan. If we buy them back at 10.70 yuan, there is still a spread of more than 9 points, and we can collect a lot of more chips.
Yinzhijie plummeted 5.56% to close at 15.81 yuan, and Dongfang Wealth finally closed at a flat price of 10.63 yuan. The amplitude of the whole day was less than 3%, and the K-line closed with a green cross star trend.
"The decline has been continued and the price is not far from 10 yuan." After the market closed, Gu Junhao murmured, is this the fate?
