"The initial number of bid orders is truly beyond expectations!"
Old Zhang in the group also exclaimed.
"A number of bid orders exceeding 50,000 lots..."
Old Wu gazed at the market trend displayed by the stock 'Teli A' and said at this moment,
"It doesn't look much like fake orders. Based on this volume of bid orders, 'Teli A' is highly likely to open at a limit up with reduced volume."
"Such strong buying power, I really didn't expect it,"
Brother Chen said.
"Brother Su's 'Financial Street Fuxing Road' trading seat's overnight premium effect is a bit too exaggerated, isn't it?"
Old Wu said,
"It actually managed to make 'Teli A' open limit up."
Brother Chen said,
"It's not just the premium effect brought by Brother Su's 'Financial Street Fuxing Road' increasing positions at a high level, but also the influence of the overall market's bullish sentiment soaring, and its own concept leader premium... these various factors led to this stock forming a limit up with reduced volume."
"Good thing I didn't hesitate yesterday,"
Xu Qiao said,
"Otherwise, I really wouldn't have found a buying point."
"Opening so high, I just wonder if it can withstand the concentrated selling pressure from profit-taking in the market,"
Old Zhang said.
"If it opens limit up and then fails to hold due to profit-taking pressure during trading... then it would be ruined. And such a performance would actually be worse than opening a bit lower in the call auction."
"Agreed,"
Old Wu said.
"Opening limit up with reduced volume, in fact, isn't as suitable as opening at a 7 or 8 percent gain. After all, with such a consistent emotional expectation, it's impossible to churn shares. Even if it can withstand the selling pressure today, tomorrow's fifth-board height might be difficult to cross."
Brother Chen said,
"There's nothing to be done. The market performance of 'Teli A' is the result of the combined efforts of multiple market funds, not something deliberately done by anyone."
"Time to take half the profits as planned,"
Xu Qiao said.
"I always feel that with this kind of opening pattern, it won't be able to withstand the profit-taking pressure in the market during trading,"
Old Zhang said.
Old Wu pondered for a moment and replied,
"I'm also reducing half my shares. I feel that after 'Teli A' consolidates with reduced volume, it's highly likely to break the limit up during trading."
With that, several people quickly placed sell orders for their shares at the limit up price of 'Teli A'.
As the market call auction time progressed.
In the entire market, among the group of investors paying attention to 'Teli A', especially among the many profit-making funds holding 'Teli A' shares in the market, there were quite a few people who shared the same thoughts as the group.
So, starting from 9:16 AM...
The limit up sell orders on 'Teli A''s market began to increase rapidly in stages.
By around 9:18 AM, in just over two minutes, the matched transaction orders in the call auction at its limit up price had reached approximately 17,000 lots.
While the matched transaction orders at the limit up price were rapidly increasing, the number of bid orders at its limit up price was gradually decreasing.
At this time, Su Yi saw this situation.
To prevent 'Teli A' from opening limit up with reduced volume.
He also followed suit and placed a sell order of 10,000 lots at 'Teli A''s limit up price.
When his 10,000 lot sell order appeared on 'Teli A''s market, the number of proposed matched transaction orders at its limit up price instantly surged to over 30,000 lots.
After being consumed by the sell orders, the remaining number of bid orders at the limit up price was less than 25,000 lots.
Immediately after, as the time advanced to 9:19 AM.
Su Yi again added a 10,000 lot sell order at the limit up price, pushing the proposed matched transaction orders at its limit up price to 42,000 lots in one go.
Subsequently, seeing that large funds were following suit with massive selling, the profit-taking funds in the market.
Also rapidly followed with their sell orders.
This caused the number of bid orders for 'Teli A' to plummet to zero directly.
The stock price fell from the limit up price, and the situation of a limit up with reduced volume was shattered by profit-taking in the market.
Noticing that 'Teli A''s stock price had slipped from the limit up price, retracting to around a 9% gain.
Su Yi then quickly canceled his sell order placed at the limit up price.
When his order cancellation was successful, the market trading time just entered 9:20 AM.
After a large number of buy and sell orders, and subsequent cancellations at the last moment of 9:19 AM, the actual call auction situation displayed on 'Teli A''s market had clearly pulled back significantly compared to before 9:20 AM.
The stock price was around an 8% gain, and the proposed matched transaction orders on the market had also clearly decreased to less than 10,000 lots.
Everyone became much more restrained in their trading than a minute or two before.
"The selling pressure at the limit up price is still huge."
Seeing that after entering the irrevocable real call auction phase, 'Teli A''s stock price had clearly fallen back quite a bit, Li Jinshi of the 'Foshan Faction' main speculative fund's internal group sighed at this moment, saying,
"It's truly a bit surprising that even the initial 50,000 lot bid orders at the limit up price could be broken."
"Why do I feel that this call auction trend is better than a limit up with reduced volume call auction trend?"
Chen Guiyun said.
"If the selling pressure at the limit up is high, then the market needs continuous churning to alleviate the profit-taking pressure. For this stock to reach this point, a full churning limit up is clearly stronger than a limit up with reduced volume, right?"
Liao Guoxiang pondered for a moment and also said,
"Old Chen makes sense. At this time... if 'Teli A' really forms a reduced volume limit up board, it would actually be bad.
Maintaining a certain opening premium, opening high with continuous churning, and then looking at the general market sentiment before collaboratively pushing to the limit up, always keeping the overnight profit-taking within a good degree, is clearly more beneficial for the subsequent market development of this stock, and for continuous follow-up funds.
Once it accelerates with reduced volume... I'm afraid the stock price will have peaked."
As one of the main profit-making funds holding the concept leader stock 'Teli A' in the market.
At this moment, Liao Guoxiang definitely hoped that 'Teli A''s reduced volume acceleration could come a little later, and he definitely hoped that this stock could open up higher speculation space.
After all, only then could he gain more profit from this stock.
"But a high opening limit up in the call auction being broken..."
Li Jinshi said,
"Especially after everyone generally realizes that its selling pressure at the limit up is huge, it will also affect the market sentiment performance of this stock. I feel that subsequent follow-up funds, upon realizing this, will definitely have greatly reduced desire to chase at high positions during trading."
"No,"
Liao Guoxiang said.
"'Teli A' has already become the overall concept leader in the current market. With extremely high market attention, as long as some active funds are willing to participate in taking over this stock, it will be enough to stabilize the market trend of this stock."
"In any case, a high opening with churning is definitely better than a reduced volume limit up,"
Chen Guiyun said.
"If it really consolidates with reduced volume, the shareholding structure will be fractured. At that time, without continuous churning, once market sentiment rapidly weakens, under concentrated profit-taking, this stock will most likely collapse directly."
"There's an opportunity only with divergence,"
Liao Guoxiang sighed.
"An overly consistent market expectation at such a high stock price won't go far at all."
As the brief discussion among them concluded...
Market trading time quickly reached 9:25 AM, and the call auction for both markets ended.
After ten minutes of call auction activity, 'Teli A' finally opened high at an 8.11% gain.
Throughout the call auction phase, a total of over 8,900 lots of shares were traded, continuing to set a new high for this round of rebound and getting closer and closer to its all-time high set during the June bull market peak.
Driven by 'Teli A''s significant high opening.
Other concept leader stocks in both markets, such as 'Chuansheng Jiuzhou', 'Tiancheng Zikong', 'Yishang Zhanshi', 'Jiqiren', 'Duofluduo', 'Tianci Cailiao', 'Tonghuashun', 'Puyang Huicheng' and other stocks, also opened high, showing relatively strong and enthusiastic market profit-making phenomena.
And under the impetus of the overall high opening of 'SME' and 'Growth Enterprise Market' concept stocks.
The three core market indices, the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index, also showed a slight high opening, continuing last Friday's rebound trend and fully reflecting the market's positive news over the weekend.
"Hehe, this opening situation... is truly perfect!"
Seeing the indices of both markets open slightly higher, and 'Teli A', the overall concept leader stock, open significantly higher, once again creating a new high for the rebound, at this moment, He Chong, from the 'Gusu Faction' main speculative fund's internal group, which also held one of the main positions in 'Teli A', couldn't help but let out a laugh and said.
"With this opening pattern, I feel a 4th board should be certain,"
Zhang Xinlei responded.
"It's a pity we didn't increase positions last Friday. Now... increasing positions again seems a bit inappropriate."
Old Qian said,
"At this position, we can't continue to increase positions, but holding existing positions is fine."
"Logically speaking, since a consistent reduced volume limit up situation didn't form today, then this stock likely has one more board of space,"
Zheng Jinming, a core member of the 'Gusu Faction' main speculative fund group, said.
"However, the market is already at 3400 points, and it might experience a sharp pullback, thereby reducing the height space for 'Teli A'. Alas... looking back, last Friday was indeed a good buying point."
Their holdings in 'Teli A' were not very large.
Therefore, facing the stock's continuously exceeding expectations market performance, everyone always felt a bit regretful, feeling that their position entry was too light and they earned too little.
"I also feel there's still one more board of space,"
He Chong said.
"It's just that the risk for this board won't be small. Intervening with positions at this point to bet on the profit space of this one board is truly more loss than gain. Moreover, I saw before 9:20 AM... the call auction trend of this stock showed heavy selling pressure at the limit up price. I feel that the 'Financial Street Fuxing Road' fund showed signs of being unable to resist selling."
"I also observed it,"
Old Qian said.
"At 9:19 AM, the instantly increasing large number of sell orders on 'Teli A''s market was highly likely from the 'Financial Street Fuxing Road' fund. Although this fund later canceled its orders before 9:20 AM, its desire to sell should have already been displayed on the market."
"The 'Financial Street Fuxing Road' fund has already made another thirty to forty percent profit this round,"
Zhang Xinlei said.
"If I were this fund, I would also start gradually reducing positions and taking profits at this level."
"Alas... let's just hold our positions and observe for now,"
Zheng Jinming sighed lightly and said.
Just as He Chong said, although he expected 'Teli A' had not yet peaked, the subsequent space was also not large.
At this time, with 'Financial Street Fuxing Road', the largest main fund in the market, having made substantial profits and already showing a desire to take profits, he would definitely not add positions to take over the market for the 'Financial Street Fuxing Road' fund.
After all, the last time on the stock 'Meiyan Jixiang'.
He was the one who took over and increased positions at a high level, only to be tricked by the 'Financial Street Fuxing Road' fund.
This time, he would absolutely not fall for the same trick again.
Thinking this, Zheng Jinming turned his gaze back to 'Teli A''s market.
He saw that while he was participating in the group discussion, the time had already reached 9:30 AM.
After a short five-minute emotional build-up, both markets entered the formal continuous auction trading phase.
When both markets began to fluctuate wildly again.
In his sight, 'Teli A''s stock price surged almost in a straight line, aided by massive follow-up buying, instantly touching the limit up price.
However, due to no main funds actively securing the market in the early phase.
'Teli A''s stock price, after instantly touching the limit up price, fell back into the 8% to 9% gain range again under the selling pressure from massive main selling funds, before many people could react.
Then, as trading time further progressed.
'Teli A' began to fluctuate narrowly around its opening price, with volume continuously expanding and churning continuously increasing.
And while 'Teli A' maintained high-level fluctuations.
The broader market in both cities, and other follow-up concept leader stocks, as well as main theme sectors like 'Securities', 'Internet Finance', 'Lithium Batteries', 'New Stocks', 'SOE Reform', 'CSRC Holdings', 'Industry 4.0', 'Robotics'... also rebounded and rose, continuing to expand the height of their rebound space after the National Day holiday.
Among them, at this time, 'Meiyan Jixiang', the core stock in the 'CSRC Holdings' concept sector, burst strongly again.
It showed a situation of continuous large orders of tens of thousands of lots leading the charge, with the stock price surging directly, showing momentum to hit new highs after the holiday rebound, and even aiming for the limit up.
Seeing that there were no issues with market sentiment, neither in the broader market trends nor in the performance of various concept themes, Su Yi watched 'Teli A''s market fluctuations and secretly said,
"Market sentiment is fine, and the absorption is also relatively good. If nothing unexpected happens, 'Teli A' should be able to lock in its limit up price before 9:45 AM."
Sure enough...
As he privately mused.
Eight minutes after the official opening of both markets.
At 9:38 AM, when 'Teli A''s intra-day turnover rate reached 7%, and as its minute-by-minute volume performance began to contract.
Tens of thousands of leading buy orders rapidly poured onto 'Teli A''s market.
Then, under the strong lead of the tens of thousands of leading buy orders.
All sell orders in front of 'Teli A' were cleared, and the stock price surged directly, instantly touching the limit up price.
And after churning, its second touch of the limit up price did not attract much concentrated selling pressure.
Just one large order of tens of thousands of lots of main buying completely cleared the selling pressure emerging at its limit up price, directly blocking the limit up buying channel.
Immediately after, before many people could react.
Large numbers of 'dare-to-die' funds and other follow-up main buying funds, noticing that the selling pressure at 'Teli A''s limit up was not severe, all surged in like a raging tide, placing orders to snatch up shares.
In just an instant, they caused 'Teli A''s limit up bid orders to surge to over 50,000 lots.
Thus, 'Teli A', with a powerful consecutive limit up trend and a magnificent move to an all-time high.
Once again opened up higher space for short-term market speculation, ignited more fervent bullish market sentiment, and led many concept and theme stocks in both markets to violently rebound, fully recovering the lost ground during the 'stock market crash 2.0'.
(End of Chapter)