Chapter 307: The Godly Car Collapses at the Peak
Just two seconds after diving to 37.01 yuan, CSR's share price quickly rebounded to 38.50 yuan, and at one point surged to more than 7%; however, this time the trading volume was only less than 500 million yuan.
There was a huge selling volume of over 2 billion yuan and only a buying volume of less than 500 million yuan. The rising CSR stock price rebounded to 39.39 yuan and then stopped. If there is no released volume, it would still plunge even if it went up.
Both Gu Junhao and everyone in the trading room are very clear about this point. Pay attention to the fact that CSR will plunge again today.
CSR's sudden crash left the entire market stunned with a 7% drop, and the trading room of Junshi Capital was also quiet.
As the stock with the highest consistency in the entire market, the sudden crash of the magic car made the entire market tremble. In the interconnected markets, emotions will be contagious to each other.
As the current market leader in popularity, the sudden crash of the popular stock has directly affected the sentiment within a series of other Chinese-character stocks.
At this time, Xu Jianqing's high-pitched voice rang out: "Boss, a large amount of funds fled from the First Heavy this morning! It feels like the board is about to open!"
Zhongguo First Heavy Industries also opened at the daily limit today. Within less than a minute of the sudden crash, a series of stocks with Chinese characters in their names, such as Zhongguo Zhongtie, Zhongguo Railway Construction, Zhongguo Communications Construction and Zhongguo First Heavy Industries, began to collectively dive.
Large funds began to flee in panic. Su Mingyu, who was far away in the student dormitory in Zhushi, was also scared when the stock price suddenly crashed. After the carnival last weekend, Su Mingyu gradually calmed down on Sunday night and thought of the words left by Gu Junhao. The more he thought about it, the more he felt that something was wrong.
So, today Su Mingyu found an excuse not to go to class, but stayed in the dormitory to watch the stock market. When he saw the million-share order in the morning, Su Mingyu was excited. However, after the market opened , all the orders disappeared in the blink of an eye, until the stock price collapsed like lightning.
Su Mingyu was so frightened by the crash of over 2 billion yuan of funds at the opening that he didn't care about anything else at the moment. He directly placed an order to sell his 5,000-share position at the limit price. CSR, which had active trading, also accepted his sell order smoothly and cleared his position at just above 37 yuan.
And with a series of Chinese-character stocks suddenly crashing, Su Mingyu was still frightened. The disagreement after such strong consistency was really too scary. Fortunately, Brother Gu mentioned it to him over the weekend, which helped him calm down.
"I don't know if Brother Gu participated in the market crash." Su Mingyu thought. Although he didn't sell it at the highest price, Su Mingyu couldn't stand this kind of stimulation. Most people really couldn't accept this kind of stimulation.
Even if CSR's share price went up again and he sold it at the lowest point, Su Mingyu would not dare to touch it again. Likewise, he did not feel any regrets. Su Mingyu could also see this kind of unlimited rise.
It is better to put the more than 18 million yuan of funds in the pocket safely. In the future, it is better to find a stock that is not so popular.
Thinking of this, Su Mingyu also began to re-select investment targets...
In the trading room of Beicang Junshi Capital, before Xu Jianqing shouted out a major order to escape, Gu Junhao was already watching him. The emotional collapse of the magic car will inevitably affect a series of stocks with Chinese characters in their names.
Even Zhongguo No.1 Heavy Industry, which was at a low level, was no exception. Near 9:33, Zhongguo No.1 Heavy Industry reported 8.30 yuan, a plunge of more than 5%. At this time, Gu Junhao decisively ordered: "Zhongguo No.1 Heavy Industry buys 450,000 lots, Brother Peng will help to take over!"
Zhongguo Communications Construction has already cleared its positions. Wu Peng did not make any specific transactions today. Before the morning session, Gu Junhao reminded him to help Xu Jianqing keep an eye on the trend of Zhongguo No. 1 Heavy Industry. Now Wu Peng can act decisively.
After clearing out the Jiaojian holdings, the cash in Junshi No. 1 account was close to 500 million yuan, and the 450,000-hand holdings could naturally be taken over. Xu Jianqing and Wu Peng had no time to think about why Gu Junhao decisively cleared out his holdings in CSR and bought a large amount of Yizhong at the same time.
The two of them hurriedly placed orders and executed the buy commands; at this time, it was not only Gu Junhao who was buying, there were also many other funds that were switching between high and low. The share price of Zhongguo No. 1 Heavy Industry began to rise rapidly after a sharp drop. At 9:35, Zhongguo No. 1 Heavy Industry's share price rebounded again, and the share price was 8.73 yuan.
There are many smart funds in the market. The big funds that have the same idea as Gu Junhao to switch between high and low began to form a joint force and act in unison after their differences turned into consensus.
As the car entered a brief period of stability, with the stock price maintained above 39 yuan, Zhongguo First Heavy Industries once again closed the board, and a series of other stocks with Chinese characters in their names also quickly pulled up, and the market entered a temporary stable period.
At 9:36, Zhongguo No. 1 Heavy Industry Co., Ltd. firmly closed at the upper limit price of 8.73 yuan. Stocks with the Chinese character "Zhong" in their names rose rapidly. Relatively low-priced stocks with the Chinese character "Zhong" in their names, such as Zhongyuan Haifa and Zhongguo Zhongzhi, also rose rapidly and hit the upper limit price.
However, at this time, CSR's closed orders were only less than 200,000 lots, far less than the opening amount. But without the outflow of large sell orders, CSR could barely maintain a balanced state.
At 9:38, Zhongyuan Haifa was the first to close the board, followed by Zhongzhi, and 5 minutes later, CSR again closed the board at the upper limit. The closing of the board by CSR and CNR also kept some other briefly opened stocks with Chinese characters in their names above the upper limit.
As CNR and CSR once again reported the upper limit price, many stocks with Chinese characters in their names hit the upper limit, and various stocks with Chinese characters in their names began to surge. With funds and emotions in sync, it was impossible for these stocks to break the upper limit.
As the market gradually emerged from panic, the Shanghai Composite Index rose to the red after a drop of more than 1%.
The initial tension in the trading room also eased a little; from the morning call auction, when Gu Junhao decisively pressed the nuclear button of CSR, the trading room was shrouded in a tense atmosphere.
It was not until Gu Junhao asked Wu Peng and Xu Jianqing to quickly buy 450,000 lots of Zhongguo No. 1 Heavy Industry at the price of 8.30 yuan that everyone's heart was in their throat.
"Boss, you are awesome. Today is the most exciting day since I started working!" Xu Jianqing said to Gu Junhao with admiration.
As for Zhongguo First Heavy Industries, which has a holding of 900,000 shares, its market value of 785.7 million yuan is even more frightening. These 900,000 shares of Zhongguo First Heavy Industries account for almost 1.5% of the total share capital of First Heavy Industries, and it is a major force that cannot be ignored in First Heavy Industries.
"Yeah, you know what, Mr. Gu's purchase of 450,000 shares just now was very brilliant in terms of emotional guidance." Cao Wenxun, who had been watching from the sidelines, also sighed.
Although there were only 5,000 lots, CSR, which had a strong consistency in clearing its positions in the early trading, then decisively bought in large amounts when the market was hit hard, leading the market sentiment to switch between highs and lows and finally completing the closing of the board.
The purchase of more than 370 million yuan of funds is definitely enough to be the main force of Zhongguo's first rebound in the early trading. This guidance is wonderful, which not only maintains its own positions, but also guides market sentiment.
In some ways, it can even be said to have guided the sentiment of the entire market. You have to know that when the magic car suddenly collapsed, if everyone had dumped the stocks recklessly, including relatively low-priced stocks like First Heavy Industries, there might have been a stampede today.
Gu Junhao smiled and said, "It's not that exaggerated. I just started a fire at most. To be honest, I bought 450,000 lots because I wanted to do a T during the chaos, but since the sentiment has turned to the same, I decided to forget it so as not to ruin the mood."
Ultimately, it is the result of the combined efforts of the market. The huge amount of funds coming out of CSR needs a place to go, and the relatively undervalued stocks with Chinese characters in their names are a good place to go. Gu Junhao's pull-up only serves to ignite the market.
When a series of smart funds including hot money and institutions saw that No. 1 Heavy Industries and a series of other stocks with Chinese characters in their names were rising rapidly, Zhongguo No. 1 Heavy Industries, which was the first to close the board and completed the transition from 2 to 3, naturally received the greatest attention.
And with a series of relatively low-priced Chinese-character stocks including First Heavy Industries closing at the upper limit, it actually dealt a fatal blow to the magic car; today, the magic car turned from consensus to divergence at a high level, and anyone with a little trading experience knows that it is impossible to have such a large amount of funds to maintain the market.
The short-term closure is nothing more than a tacit consensus reached by the funds in the market to maintain a certain balance, leaving retail investors with a feeling that there is still hope for a rebound after the market explodes again, and they strive to sell as much as possible.
With the trend of today's magic car, if there is no order of more than 500,000 lots, the board may be broken at any time. The order without volume is just to attract retail investors and give them a feeling of T-shaped board on April 9.
At 10 o'clock, as expected, the magic car exploded again, but this time there was no flash crash like before. Instead, it maintained a fluctuation near the upper limit price, entering the step of attracting retail investors to buy.
In any case, after a weekend of news fermentation, as the most popular car in April, it is still the most popular car despite the sidelines, and it has a fatal attraction for retail investors.
Even if some retail investors do not have much money, and some retail investors who dare not hold heavy positions, will still buy one or two or even more than ten lots. This sense of participation is irresistible to retail investors.
After the delisting, CSR has been maintaining a trend of small fluctuations and declines until the midday close, when it closed at 38.64 yuan, up 7.69%, still giving people hope of a rebound.
Tong Huashun's performance has been mediocre recently, and there are no new targets to choose from. Naturally, the same is true for Li Ze and others in the Soha group, who are unable to resist this temptation.
In fact, Li Ze wanted to buy when CSR's share price plummeted to around 37 yuan in the morning, but it rose too quickly, and by the time of the midday close, the price of 38.69 yuan was higher than the three bottom prices of CSR in the morning.
At the midday closing, everyone in the group was talking about it.
"The magic car has hit the bottom three times this morning, the price is 37 yuan, and 38.20 yuan respectively. It looks like it has stabilized. Do you guys want to buy it?"
"Yeah, I feel like it's about the same. The chances of getting blocked today are pretty high. Two or three boards should be about the same, right?"
"You should feel this way. This is the first negative of a real bull stock. With such high popularity, the probability of losing money should not be high."
"Buy some, but the price is too high, I dare not buy too much. I plan to buy 100,000 just for fun." Li Ze said.
"Awesome! You've made a lot of money, and buying 100,000 is just a small amount for fun! I'll go with 20,000."
"I'm fully invested in other things and have no money left, but I can still afford to buy two lots, so I'll play with you guys."
"Haha, that's right. The important thing is to participate. If you haven't bought such a great stock, it would be embarrassing to tell others about it."
The main force of capital wants to use this trend to create signs of CNR bottoming out during the day, making retail investors feel that it is profitable. From the discussion of Li Ze and others, it can be seen that the goal has been achieved.
When the market opened in the afternoon, everyone started buying in. Li Ze also bought 2,500 shares of CSR at the price of 38.68 yuan. However, after the purchase, the stock price trend seemed to be wrong. The stock price kept going down slowly, and the price Li Ze bought at was actually the highest price in the afternoon.
At 13:08, CSR's share price fell to 38.02 yuan, breaking the so-called 38.20 yuan price mark in the morning. At this time, the investors in the Soha group who entered the market in the afternoon did not feel anything.
At 13:20, the decline of CSR began to accelerate, falling below the 38 yuan mark to 37.99 yuan; the main force in the market finally stopped pretending and started to sell directly.
The main force in the market, who was no longer acting, pushed down CSR's share price directly from 37.99 yuan. Two minutes later, CSR reported the lowest price of the day at 37 yuan.
At 13:24, the stock price was 36.40 yuan, and at 13:26, CSR's stock price was 35.01 yuan, down 2.42% on the day, and the stock price officially turned green; the rapid decline without any follow-up capacity from below made it impossible for people to react in time.
Within a few minutes, especially after the stock price turned green, the crowd that rushed in was completely panicked, and by 1:30 p.m., CSR's stock price was 32.88 yuan, a sharp drop of 9.12% on the day!
"Oh shit! Is this going to hit the limit down?" The plummeting stock price caused panic in the group and also triggered a violent shock in the market, with the Shanghai Composite Index diving rapidly.
In the 10-minute dive, the decline exceeded 14%. The stock price was once close to the limit down, showing a trend of ceiling and floor. However, at this time, Zhongguo First Heavy Industries was still firmly stuck on the daily limit.
Several other Chinese-character stocks that were closed at the limit did experience a breakout, but with the plunge of CSR, more and more funds joined the ranks of those that were returning to the limit; the limit was broken again and again, and funds returned again and again.
At the end of the day, CSR finally closed at 35.38 yuan, with a share price down 1.39% and a trading volume of 31.73 billion yuan. Although there was a slight rebound after the sharp drop, the extremely ugly dark cloud-covered negative line trend showed that the trend of CSR reaching its peak was already very obvious.
Today, a series of stocks with Chinese characters in their names posted huge trading volumes. Zhongguo First Heavy Industries had a trading volume of 3.42 billion yuan, and Zhongguo Communications Construction, which was liquidated by Junshi No. 2 Fund, had a trading volume of over 9 billion yuan. Other stocks with Chinese characters in their names that were capped also posted huge trading volumes.
A series of relatively undervalued stocks with Chinese characters in their names officially took over by stepping on the corpses of CSR and CSR. As for the Shanghai Composite Index, the decline from an intraday increase of more than 1.5% to a drop of 1.64% at the close was largely due to the plunge of CSR and CSR.
The Dragon and Tiger List was announced after the market closed. Today's Dragon and Tiger List is full of highlights. The institutional buying seat of Junshi No. 2 appeared in the buy one position of Zhongguo No. 1 Heavy Industry, and the net buying difference of Zhongguo No. 1 Heavy Industry was as high as 420 million yuan.
The Dragon and Tiger List of Zhongguo CSR was even more luxurious. The net outflow of funds on the Dragon and Tiger List alone was as high as 1.6 billion yuan throughout the day, not to mention the funds of Gu Junhao and Su Mingyu, who had no funds on the list.
CSR sold as much as 275 million yuan in just five seats today, and it was no surprise that a certain hot money tycoon who became famous in his previous life with the magic car also appeared in today's sales.
Zhongguo CNR sold four seats, with Shaocheng Securities Branch selling a total of more than 446 million yuan, and sold one seat, which was a special seat for Shanghai-Hong Kong Stock Connect, with a total of more than 500 million yuan.
The inertia of the market has not changed because of a certain event, and the same is true for the collapse of CNR and CSR. Gu Junhao, who was staring at the Dragon and Tiger List, breathed a sigh of relief.
After the market closed, the discussion about the performance of CNR and CSR was far from over.
