Chapter 1651 [A golden pit that only appears once in a decade]

The next day, April 28th.

Today is the third to last trading day before the May Day holiday.

In the morning, the SGX market opened, and the SGX 50 Index opened lower again, opening at 8688.97 points, -1.81%, a new low for the year.

After the opening, it was a familiar script for investors. The stock market opened low and plunged all the way. In just half an hour, the SGX 50 Index hit today's lowest point of 8331.29 points, a drop of -5.85%.

This number is also the bottom of the historical level, and it will never come back and will not set a new low in the future.

But at this moment, no one in the market knew that the historical level bottom appeared today, and no one realized that this was an epic super gold pit that would not appear in ten or even thirty years.

But this is normal and reasonable. If you know, there would be no such gold pit.

The investors who were deeply trapped lay flat, and those who did not evacuate the stop loss in time generally chose to lie down and pretend to be dead. At this time, there is no such thing as stop loss at this position. Going is to cut the position with tears.

Today's market trading volume has shrunk significantly, which means that everyone is lying flat and starting to trade. This is also a last resort.

Those who are trapped can only choose to exchange time for space, and have even prepared to be trapped for several years and wait for the psychological preparation of being untied after a few years.

Some people who bought individual stocks have encountered a 20-centimeter continuous board drop that exceeds the half-cut line. It is meaningless to cut losses, so they simply delete the software and don't look at it. Out of sight, out of mind.

Fang Hong's personal Weibo has been a hot topic in the past few days, but he has not made any noise. Fortunately, it was the same in the past, and many people did not think it was wrong, and even speculated that K God might be taking action.

On the market, the Xinzheng 50 Index fell to 8331.29 points, and then rebounded to regain the 8500 point mark, and rebounded to the highest level of 8580 points, narrowing the decline to -3.04%. However, in the afternoon, the rebound was weak and fell again.

Fang Hong is still acting, letting the vest with the identity of "foreign capital" smash the market.

As of the close, the SGX 50 Index fell -4.65% to 8438.14 points, and the SGX market's full-day turnover shrank to 1415.7 billion, a decrease of 627.4 billion compared with yesterday's turnover.

It can be said that the volume has shrunk significantly, which indirectly shows that everyone is indeed lying flat.

The SGX 50 Index fell from its historical high of 12057.88 points to today's new low of 8331.29 points this year, with a cumulative decline of -30.90%, setting a new record for the largest range decline in the SGX market in more than five years since its opening. Even if calculated based on today's closing price of 8438.14 points, it has reached a cumulative range decline of -30.02%.

Over the past five years, the SGX 50 Index has also experienced several corrections during its long bull run, including a decline of more than -20% that was included in the technical bear market range.

However, the largest range decline of more than 30 percentage points is the first time in history.

The total market value of the SGX market has also shrunk from 117 trillion at its peak to 87 trillion now, and the paper market value has evaporated by a full 30 trillion, which has also refreshed historical data.

Now, the consensus of the entire market is that the A-share market has once again ushered in a disaster-level market.

Shortly after the market closed, the management of the SGX held another press conference to respond to the hot issues that the market was eagerly concerned about. This was the third press conference.

The role must be played to its full potential. During this period of unilateral selling, if the SGX was very calm, the opponent would definitely have an "unreasonable" judgment. During this period, the management of the SGX seemed a little flustered, and the opponent saw it and put his heart at ease.

The news of the stock market crash has once again become a hot topic in the news and has been on the big news one after another.

At the same time, the general market call for a rescue has become stronger and stronger.

Countless stockholders seem to have returned to five years ago, at this moment, just like that time and that moment. At that time, the A-share market also plummeted, and with the attention of media news, the market's calls for a rescue came one after another.

It seems to confirm the saying again: history will not repeat itself simply, but it is always surprisingly similar.

…

It is Thursday, April 29, the penultimate trading day before the May Day holiday.

Qunxing Group headquarters, trading hall.

Fang Hong looked around at the trading team members or traders present and said: "Today's task is very simple, bid a high opening, and start violent pull-ups in the last half hour of the closing."

The pre-market meeting quickly made today's strategic arrangements, and the trading team members were ready.

The last two days before the May Day holiday were the clarion call for the counterattack and violent squeeze, and the shorts were directly blown up with an unprecedented violent squeeze, allowing all participants inside and outside the market to witness what squeeze is, what a big scene is, and what an unprecedented miracle day and miracle week is.

Fang Hong wants to tell everyone in this way that in this market, the super main force can pull as high as it wants, and it can start whenever it wants.

This will also leave a spiritual imprint on every player participating in the market. In the future, whenever the SGX market experiences a deep decline, there will inevitably be funds that will frantically buy at the bottom and buy shares. No one dares to doubt that it will never recover.

At this moment, the call auction of the SGX market ended, and the opening price of the SGX 50 Index today came out, opening at 8513.41 points +0.89%. This is the first time that it has opened high since the recent five consecutive negative one-sided explosions. You must know that the previous five trading days have been opening low with a large gap.

The high opening on the first trading day of this week surprised some funds slightly. Many people thought that it would continue to open low and set a new low today.

However, compared with the decline in the previous few days, the high opening of less than 1 percentage point is not good enough.

After the opening, it plunged again, and the 8500-point mark was broken through almost without resistance. In just about 5 minutes, it fell back by 1.36 percentage points, down to 8397.17 points, and turned down and turned green again.

However, the time-sharing line stopped falling and rebounded at the 8397.17 point level, and jumped above the red plate area and turned up again, and quickly broke through the opening price, but did not attack further, but slowly fluctuated and fell.

From the market, the trading atmosphere of the entire SGX market today is dead, and the mood is extremely low. The trading volume has shrunk significantly again today, even though it shrunk by more than 600 billion in the previous trading day.

Those who are trapped choose to lie down and pretend to be dead, and the off-market funds dare not enter the market at all. The few funds that risk their lives to buy the bottom can be ignored.

The army of short sellers is also willing but unable to do so. They smashed the market so hard before, and they can no longer continue to smash it down for five trading days, because they have less than one layer of bullets in their hands.

If they want to continue to smash the market and push the index further down, the short forces have to collect chips, because the SGX market itself does not have short-selling tools, and they cannot borrow chips to smash the market. If they don’t have chips in their hands, they can only buy first and then smash it down.

However, buying is equivalent to going long. Buying too few chips will not work well. Buying a lot will cause a sharp rise, and the shorts will obviously not do this.

Their plan is that they are quite satisfied with the current depth, and will slowly collect chips and slowly smash them later. They don't expect to continue to smash them too deep, just hold the current position and prevent them from rebounding. In their expectation, the SGX 50 Index will slowly fall, and the long counterparties of OTC transactions will gradually admit defeat and exit the market. At that time, the floating profit will become a real profit.

The current army of short sellers has a momentum of being in control. They think that they will win this time. The SGX market will be in trouble next. The draft opinion released before will launch new indexes and a large number of industry ETFs, which will divert the liquidity of the SGX 50 Index and those super large-cap stocks, and it will be even more impossible to rise.

In the plan of Squid Capital Group, after completing this round of short profit harvesting, they will reversely buy the core high-quality assets in the process of the subsequent decline. Those large-cap stocks have plummeted too much in this round. Not to say that they have fallen to cabbage prices, but the current prices are definitely seriously underestimated.

At that time, they will use the harvested short profits to reversely buy the bottom and buy more of these core assets. The calculations of the Squid Capital Group are very happy. According to their script, after buying the bottom of the core assets, they will wait for you to pull up.

If you pull up, I will cash out and leave the market, and then make a lot of long profits and leave.

If you don’t pull up and go sideways or even fall for a long time in a bear market, the Squid Capital Group can accept it. If you don’t pull up, it means that your stock market can’t rise, and the Beimei stock market can come out.

The return on investment of the SGX market is suppressed. In addition, under the cycle of US dollar interest rate hikes, not only will funds not continue to flow in, but the existing funds will also flee and gradually leave, entering the Beimei capital market with a higher return on investment, so that Beimei’s liquidity will be sufficient.

If the Squid Capital Group really succeeds in taking short profits in this game, the script is likely to evolve in this way, and the SGX market will fall into a very passive situation.

But the premise of all this is that the floating profits of short positions must be pocketed first and turned into real profits. Now they have not yet bought the core assets at the bottom, which means that the short-term profits are still floating profits and have not been pocketed.

…