"How is the opening premium so high?"
Within Su Yi's 'Magic City Ultra-Short Gang' main speculative capital group, Xu Qiao, like other investors following the stock 'Teli A', also showed a clear look of surprise on her face.
"There's too much money chasing the stock,"
Old Wu replied.
"The profit-taking pressure simply can't push down the stock price."
"The opening premium for 'Teli A' is truly incredible,"
Old Zhang also exclaimed at this moment.
"It has directly surpassed the high point of the first round of speculation, it seems... the resistance level we all thought existed isn't that strong. Looking at 'Teli A''s opening pattern, it's highly likely to close at the third consecutive limit up."
"Sigh, I really shouldn't have reduced my position yesterday,"
Xu Qiao sighed softly.
"Who would have thought this stock would perform so amazingly?"
Old Wu said.
"I originally thought its movement would be volatile when the stock price touched the 50 yuan mark, but I didn't expect... with the hot bullish sentiment, its stock price broke through the 50 yuan level effortlessly."
"However, opening so high at this position..."
Brother Chen mused for a moment and said,
"Once official trading begins, the concentrated selling pressure from profit-taking will emerge, and it won't be that easy to digest. After all, expectations were set so high during the call auction phase.
If market sentiment can't stabilize later, the desire of profit-taking funds to sell will be very strong, and the various funds looking to buy will have their buying desire suppressed without good entry prices. In this way, the pressure for this stock to successfully close at the limit up will also become very great."
Although he was also surprised by the high opening premium of 'Teli A'.
However, he didn't think such a high open was beneficial for 'Teli A' to break through the third limit up.
On the contrary... he believed that this kind of opening pattern was unfavorable for its market development and the progression of market sentiment.
"A significant high open, if market sentiment doesn't stabilize, can indeed easily trigger concentrated selling from profit-takers,"
Old Wu said.
"But that's under continuous low volume. Yesterday, 'Teli A''s turnover was quite sufficient. In addition, during the period before and after the stock's trading suspension, various active market speculative funds continuously traded in and out within the 40 to 50 yuan price range, leading to an extremely concentrated and thoroughly traded chip structure in this range.
Under such circumstances... It seems that 'Teli A' opened high, breaking through the high point of the previous first round of speculation, setting a new rebound high.
However, analyzing its internal chip structure and internal chip costs. Everyone's holding costs are still relatively high. Even Brother Su, who intervened in 'Teli A' earlier, hasn't made much profit.
Therefore, the desire of various major speculative funds for concentrated selling should not be particularly strong.
Since everyone's average holding costs are relatively high, profit margins are not large, the 40 to 50 yuan price range has strong support, and the early low-cost internal chips have basically been washed out through continuous trading, with very few remaining, then the selling pressure on the market won't be significant, and market sentiment will be relatively easy to stabilize."
"So, according to you, Old Wu..."
Old Zhang said,
"Is it appropriate to chase higher and get back the chips now?"
Old Wu paused, then continued:
"I wouldn't dare say for sure. It's just that with 'Teli A', given such strong market sentiment and bullish expectations, once it can completely seal the third consecutive limit up, it's foreseeable that when the market opens next Monday, after two days of sentiment building over the weekend, there will definitely be a significant premium high open.
So... whether it's suitable to chase at a high level now depends on everyone's confidence in this stock sealing the third limit up. If you have enough confidence, you can certainly intervene. If not, it's definitely better to hold and observe."
"It should be said... the best buying point today is at the limit up,"
Brother Chen responded with a smile.
"Exactly!"
Old Wu responded affirmatively.
"If you really wait until it hits the limit up, you might not be able to buy in,"
Old Zhang said.
"Since everyone has analyzed that 'Teli A' has a high probability of hitting the third limit up and closing there, there isn't much difference between entering early and entering late. I won't wait for this stock to seal the limit up. After the official opening, I'll take a position to get back the chips I lost yesterday."
"At a time like this, Brother Su will probably continue to lock his position,"
Xu Qiao also said.
"Since I sold incorrectly yesterday, I need to correct it promptly. After the official opening, I'll also take a few hands of positions."
"Actually, besides 'Teli A', in the entire 'State-Owned Enterprise Reform' thematic sector, several other follower stocks also performed very strongly in today's call auction,"
Old Wu said.
"Stocks like 'Chuan Sheng Jiuzhou', 'Sanxia Xincai', and 'Xinxiang Huaxian' all opened higher than 5%."
"It's not just the 'State-Owned Enterprise Reform' thematic sector,"
Old Zhang also said.
"Several leading stocks from other thematic sectors, driven by 'Teli A' yesterday, also performed very well in the call auction. 'Yishang Zhanshi' opened 4.32% higher, 'Tiancheng Zikong' opened 4.11% higher, 'Robot' opened 3.74% higher, 'Duofu Duo' opened 3.29% higher...
Even 'Tonghuashun' opened with a 2% gain. It can be said that today, both the overall bullish sentiment of the broader market and the bullish sentiment of the respective leading stocks are much stronger than yesterday."
"Under such circumstances, there is every reason to believe that 'Teli A', as the overall leading stock for this concept, can continue to create upward speculative space,"
Xu Qiao said.
"A circulating market capitalization of 10 billion, with such high market discussion and investor attention, is simply not an issue."
Just as everyone in the group was optimistic about 'Teli A''s market performance today.
And preparing to regain the chips they lost yesterday after the market officially opened for trading.
At this moment, in the 'Foshan Group' main speculative capital group, Liao Guoxiang, a core figure of the 'Foshan Group', frowned slightly when he saw 'Teli A''s high open.
Of course, the reason he frowned.
It wasn't because he wasn't optimistic about the stock's intraday performance, but rather he felt that such a high open put him in a very passive position regarding buying costs.
"Brother Liao, can we still buy freely with such a high open?"
Li Jinshi asked in the group while he was frowning in thought.
"Entering with this high open, there's not much intraday profit. And then it's the weekend, two days of rest, market news has great uncertainty, it's hard to say if we can exit safely next Monday."
Chen Guiyun also said,
"I feel the position opened too high; there might be violent fluctuations and a sharp dive during the trading session."
"Although this opening position is a bit uncomfortable for subsequent buying funds, the high point of the first round of speculation has been broken, and the expectation for the entire third round of speculation has emerged,"
Liao Guoxiang said.
"Coupled with the already good overall market bullish sentiment and the assistance from leading stocks in various other thematic sectors, 'Teli A' won't be very difficult to close at the limit up today, and it's still very worth intervening.
At least, overall... 'Teli A' remains the market's sentiment indicator and overall conceptual leader. With various active speculative funds and short-term capital groups still enthusiastically willing to take over and chase, and its market performance showing no signs of weakness.
The current right-side buying point has no issues. It's just that the cost of entering the position is indeed a bit uncomfortable, but as long as it can successfully seal the limit up and thoroughly establish the expectation for the third round of sustained speculation.
Then next Monday, regardless of the direction of macroeconomic news. 'Teli A' will definitely still be able to generate a premium effect."
"So Brother Liao thinks there's no need to change the trading plan?"
Li Jinshi asked.
Liao Guoxiang replied,
"No need. As long as the logic, expectations, progression of market sentiment, and the herd effect of funds continue to improve, a few points' difference in intraday cost is not that important. Furthermore, taking over a leading stock is about earning subsequent emotional premiums, not intraday daily profits."
After speaking, without waiting for their replies, he quickly turned his attention to 'Teli A''s trading screen.
And under his gaze.
Market trading time had also reached 9:30 AM.
After a brief five minutes of sentiment building, as the broader markets in both cities began to fluctuate violently again, 'Teli A''s stock price, as the most watched conceptual leader among the entire market's short-term investors and various active speculative funds, rapidly broke upwards with almost no hesitation, surging directly towards the limit-up price.
Meanwhile, as 'Teli A''s stock price continued its rapid upward breakout.
Its trading volume also surged dramatically, with thousands and tens of thousands of matched transaction orders appearing ceaselessly on its real-time transaction interface.
There were also numerous other conceptual thematic sectors and their leading conceptual stocks.
At this moment, they also moved in concert across the board.
Among them, within one minute.
Two popular leading stocks in the 'State-Owned Enterprise Reform' thematic sector, 'Chuan Sheng Jiuzhou' and 'Sanxia Xincai', soared directly to a 7% gain, closely following 'Teli A''s continuous upward breakout in market gains.
"It's not going to instantly hit the limit up, is it?"
Noticing that 'Teli A''s stock price had rapidly approached the limit up within just one or two minutes after opening, Zhang Xinlei of the 'Gusu Group' speculative capital, one of the main speculative funds holding 'Teli A', exclaimed,
"Oh no, not like this! At this position, it won't work without turnover."
"At this position, if it rapidly hits the limit up with low volume, it's probably not a right-side buying point, but a selling point,"
He Chong replied in the group.
"But it shouldn't play out like that. After all, at this stock price level, there aren't many funds daring to intervene heavily with large orders to force a close at the limit up; everyone is basically intervening with small positions.
Furthermore, there are many speculative funds gathered within 'Teli A' now.
Without the advantage of early chips and lower holding costs, even if there are influential figures with massive funds in the industry who are optimistic about 'Teli A', they wouldn't dare to independently intervene with heavy positions and force a limit up, fearing concentrated selling from various internal speculative funds.
Therefore, at this moment, 'Teli A''s market movement can only rely on the concentrated collective effort of numerous follower funds in the market.
And when there are many people, with differing intentions, it naturally isn't easy to quickly form a unified collective effort.
Thus, when the turnover rate hasn't been fully released, even if it quickly touches the limit up, it probably won't easily seal it, and will certainly have to fluctuate."
"It feels like it will follow yesterday's trend,"
Old Qian said in the group.
"No matter how it goes, let's observe first,"
Zheng Jinming, a core figure of the 'Gusu Group', said.
"Such strong bullish market sentiment won't collapse."
Following a brief discussion among a few people in the 'Gusu Group' main speculative capital group.
'Teli A''s stock price had already touched the limit-up position.
However, as He Chong had expected.
Due to the turnover rate not being fully released, there were no powerful large funds actively sealing the limit up.
After its stock price touched the limit up, it briefly fluctuated and pulled back.
However, even though the first touch of the limit failed to seal it, its fluctuating pullback.
Was distinctly different from yesterday's.
Strong bullish market sentiment, excellent overall market bullish performance, and countless converging follower funds provided 'Teli A's market with extremely strong support, causing its stock price, despite showing a fluctuating pullback under profit-taking pressure, to consistently remain above the opening price.
That is, it consistently hovered in a fluctuating position with gains above 8.5%, always just one step away from the limit up.
Moreover, while its stock price maintained a strong fluctuating pattern.
Across the market, thematic sectors such as 'State-Owned Enterprise Reform', 'Zhengjin Holding', 'Internet Finance', 'Sub-new Stocks', 'Lithium Battery', 'Industry 4.0', 'Virtual Reality'... and their related leading conceptual stocks, did not stop their continuous upward breakthrough.
Many stocks following 'Teli A' were still continuously consolidating bullish market sentiment.
They were also continuously driving the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index to show strong upward rebound trends.
At 9:41 AM, as the broader market surged passionately upwards, with various conceptual thematic sectors and their heavyweight sectors rebounding and breaking through, 'Teli A' touched the limit up for the second time.
But this time, after touching the limit up, its stock price still did not seal the limit up.
And because the second touch of the limit up also failed to seal it, many of its internal uncommitted holding chips began to be sold off in concentration.
However, no matter how these concentrated selling forces suppressed the market.
'Teli A''s stock price consistently maintained a gain of over 8.5%, hovering and fluctuating near the limit up.
Until 9:47 AM...
When 'Teli A''s market turnover rate approached 9%, and trading volume on the market had already shown a significant sharp decrease.
It seemed that besides the funds firmly locking their positions, not many floating chips could be shaken out anymore.
A massive buy order of ten thousand hands then ignited the main lock-up, sweeping all sell orders on 'Teli A''s trading screen and sealing off the buying channel.
When its large order sealed the limit up.
Subsequent follower funds rushing to buy also converged, placing orders to grab shares.
Thus, in less than 30 seconds, 'Teli A''s limit-up sealing orders rapidly surged to over 70,000 hands under the combined efforts of numerous funds scrambling for shares, completely sealing the limit up.
"Why does it feel like the difficulty for 'Teli A' to hit its third limit up is even lower than yesterday?"
Seeing 'Teli A' so easily seal the limit up, Zhao Qiang of the 'Yuhang Group' speculative capital, who had been consistently monitoring 'Teli A''s market movements despite not holding any of its shares, questioned in the internal group.
"On one hand, the overall market bullish sentiment is better than yesterday. On the other hand, after 'Teli A''s stock price opened significantly higher in the morning, directly surpassing its previous high and setting a new rebound high, market expectations became even stronger than yesterday, leading to an increase rather than a decrease in funds locking positions,"
Sun Chengyu mused for a moment, addressing Zhao Qiang's question and sharing his view.
"Stronger market sentiment, increased locked-in funds, reduced selling pressure... naturally, the difficulty of sealing the limit up is lower than yesterday."
"Brother Sun makes a good point, I really didn't expect... three touches of the limit, continuous fluctuations, yet only 9% of trading volume was released."
"'Teli A', this leading stock's expectations, are truly getting stronger and stronger."
"If there's three, there's five! Three limit-ups don't form a pressure point. If the third wave of speculation forms, then the subsequent pressure will be at the five limit-up space. Sigh... it's a pity I didn't dare to take too large a position today, only buying a few million."
"At this point, only heaven knows how far 'Teli A''s market performance can go. Who would dare to take a large position?"
"This stock, 'Teli A', is truly a monster!"
"This 'big monster' that even the regulators' 'dark room' can't kill, only heaven knows how high the third wave of speculation will reach."
"Wow... 'Chuan Sheng Jiuzhou' and 'Sanxia Xincai' have also hit their limit up."
"Brother Zhao, you missed out on 'Teli A', but you're making a killing on the follower stocks, impressive!"
Amidst everyone's fervent discussions...
Market trading time continued to advance.
And with 'Teli A' hitting its third limit up, it once again ignited market bullish sentiment expectations.
The broader market indices of both cities, and major popular conceptual thematic sectors, especially thematic stocks leaning towards the 'SME and ChiNext' direction, saw their rebound momentum become increasingly strong and fervent.
At the same time, the overall market's profit-making effect rapidly increased, with more and more stocks hitting their daily limit and consecutive daily limits.
At 10:32 AM, the Shanghai Composite Index soared 1.52%, returning to the 3300 point level.
At 1:14 PM, the ChiNext Index surged 3%. The 'State-Owned Enterprise Reform' and 'Sub-new Stocks' conceptual thematic sectors once again saw a wave of limit-ups.
Among them, 'Yishang Zhanshi', a sub-new stock belonging to the 'Virtual Reality' conceptual thematic sector, also hit its limit up again, likewise achieving a three-consecutive-limit-up trend.
At 2:09 PM, the ChiNext Index once approached a 4% intraday gain.
At 2:31 PM, just as the market entered its final half-hour phase of late trading, the 'Internet Finance' conceptual thematic sector surged rapidly with an across-the-board breakout.
Among them, 'Tonghuashun' and 'Dongfang Cai Fu', two core conceptual stocks, both saw their intraday gains break through to around 7%, and recovered most of the losses incurred during 'Stock Market Crash 2.0'.
Finally, when 3:00 PM arrived.
With 'Teli A' achieving an unexpected three-consecutive-limit-up trend, completely reversing its pattern of consecutive daily limits down after resuming trading, thoroughly igniting the market's short-term speculative sentiment and bullish market sentiment, and also driven by various other popular conceptual thematic sectors and numerous leading conceptual stocks collectively.
The Shanghai Composite Index closed up 1.86%, almost breaching the 3400 point level intraday.
As for the ChiNext Index, it surged 4.33%, rapidly recovering the massive losses incurred during 'Stock Market Crash 2.0'.
Benefiting from the continuous rebound of the broader market in recent days, and the strong bullish sentiment sparked by 'Teli A', Su Yi's personal assets and personal holding size also continued to surge, with his holding volume having already exceeded 2 billion.
(End of Chapter)