Chapter 668 [God K has bought the bottom in a heavy position, brother Meng Chong]
Regarding the sharp decline in June, the butterfly effect caused by the default of Guangda Bank magnified the panic effect of "money shortage" and triggered a rapid market decline.
With the continuous enlargement of the leverage ratio, the RMB excess reserves of commercial banks are gradually declining, and the marginal capacity of the banking system's liquidity has also dropped sharply. The transfer of off-balance sheet non-standard assets to on-balance sheet interbank assets will directly squeeze the interbank lending quota.
A number of factors have exerted contractionary pressure on liquidity in financial markets.
Last Monday, the four major banks announced that Huijin and Qunxing Capital would increase their holdings substantially.
However, looking back now, today, a super negative line poured down directly, and the stock index plummeted -5.30%, falling below the 2000-point mark. Obviously, the stock market failed to stop the decline because of these good news.
After the market closed, various bad news gathered together.
The chief strategist of a securities company said: The main reason for the market breakdown of 2,000 points is that the inter-bank bond market interest rates soared, the shortage of funds caused panic in the market, and the combination of multiple negative factors such as the economic growth decline in the second quarter led to a sharp drop in the index. At present, it is still difficult to judge that the 1963 point is the mid-to-long-term bottom, because the profitability of listed companies has not yet reached an inflection point, and the future market conditions only depend on two conditions. .
It has to be said that it is very bad. When it fell below 2000 points, it was too loud to sing empty words. It is inevitable to use the opportunity to suppress and force the timid to cut their flesh.
...
The following day, Tuesday 25 June.
The A-share market opened, and the broad market index opened -0.76% lower at 1948.32 points. The call auction broke through the previous low of 1949 points, the so-called "Jianguo Bottom", hitting a record low.
Half an hour after the opening of the market, the index barely turned red, but then the market took a sharp turn for the worse. At 11:00, it accelerated its dive and fell directly below the 1900 point mark. At around 13:06 in the afternoon, the market index fell to 1849.65 points, a drop of nearly -6%. hit a new low in nearly four years.
The tragic market conditions are rare in recent years.
The market index has been killed like this, and the individual stocks are even more miserable. Among them, 9 of the 12 galaxy concept stocks fell by the limit today, and the rest are also approaching the limit.
The stock price of Quantitative Capital fell to 32.33 yuan and walked out of the limit of four consecutive boards. The market value shrank by 45.197 billion yuan, falling from the historical high of 75.57 yuan.
However, when Xingyu Technology broke through 1900 points in the afternoon market index, its stock price fell to a limit of 2.68 yuan.
The stock’s recent high point was on Friday, June 7, when the daily limit reached 4.91 yuan, which was the day of the STAR4 press conference. Now it has fallen to 2.68 yuan, and the cumulative decline has reached -45.42%. Basically, it's not much different from cutting in half.
The stock price of Xingyu Technology has fallen terribly, especially in the last five trading days, it has fallen with the big negative line, and four of them have fallen by the limit.
The negative factors in the market itself are one after another, and for Xingyu Technology itself, it is also because of Qualcomm's unilateral breach of contract that there has been a major negative, resulting in a unilateral drop in stock prices.
But at the same time, STAR4 mobile phones are in short supply. Now it is rumored that STAR4 will become a swan song. The production capacity of Xingyu Technology is also a total of 33 million units. Now it is actively suppressing shipments in order to stay in the consumer market as much as possible. quantity.
The superposition of this series of factors has led to the rarity of things, and the second-hand trading market prices of STAR4 mobile phones have been hyped, and the price of the 256GB body memory version has been fired to a sky-high price of 29,800 yuan.
The stock price of Xingyu Technology’s secondary market has fallen by the limit four times in five days, and all the bottom hunters have been buried. However, the market in the past few days is also likely to be buried in other places, especially in the market in the past two days. A small loss is a profit. , No loss is a big profit, and a small profit is a big profit.
...
Just when the market index had just dropped to 1849 points, Fang Hong received a call from the village in just two minutes.
The village head called himself.
The reason for coming here is also very simple, and I don't beat around the bush. I just want Fang Hong to use his influence to boost confidence in the market. The current situation is really a time when confidence is more expensive than gold.
The market conditions this week are too tragic. The market index has dropped by more than 5 percentage points for two consecutive days, and it has dropped by more than 10 percentage points in two days. It was appalling.
At around 13:15, Fang Hong updated a blog post on his K3478 personal Weibo account:
【
During this period of time, many people asked me to analyze the reasons for the sharp drop. Zhuge Liang’s analysis after the fact is not very meaningful. It is more about the layout of the future. The market has just dropped 1849 points. I personally think that the historic bottom of A shares has reached It appears that the two-day continuous plunge has vented the emotions of the sell-off, and the strength of the short side has been exhausted. Perhaps there will be no such low and cheap bargaining chips in the future.
I have already bought the bottom with heavy positions, so what should you guys do?
Opportunities are often born in despair. After a harsh winter, it is the end of a cycle and the beginning of a new era.
】
Fang Hong regards this Weibo as unswervingly bullish on the market outlook, and expresses in a very affirmative manner that 1849 points is a historic bottom, and he is not worried about being slapped in the face at all.
Because, Qunxing Capital will make a move to cover the bottom line.
Even if someone wanted to smash through the stock market and slap him in the face, it was impossible to do it. Qunxing Capital dared to take as many chips as it smashed, and would not refuse.
Without Qunxing Capital's guarantee, Fang Hong would not be so absolute in public.
After his Weibo update was released, only three minutes later, his blog post was even pushed by a major market software as the latest market alert:
[K3478: The historic bottom of A-shares has already appeared, and the bottom has been bought heavily. 】
Shareholders who had fallen into despair were confused when they saw this newsletter. Many people directly went to God K’s Weibo to check it out, and it turned out that God K had posted on Weibo. Everyone couldn’t sit still now.
The stockholders' thoughts at the moment are: Woah, God K has bought the bottom with a heavy warehouse, and the brothers are so cute——!
At the same time, Qunxing Capital has also seen it. Without a word, it directly accelerated the entry of off-market funds to take the lead in doing more, and its major capital institutions that manage the market value of Qunxing also followed suit.
The market index stopped falling immediately, and then rose rapidly.
The price limit of Xingyu Technology was opened, the price limit of Quantitative Capital was opened, and the price limit of Yixing Video was opened...
The bulls launched a Jedi counterattack, and the stockholders saw that the market began to counterattack strongly just after God K issued a message. Now they really couldn't sit still, and they entered the market one after another to do long and grab chips. The long-short sentiment of the entire market was reversed like this.
Confidence is more expensive than gold!
At this moment, market confidence is being restored, and the index has started an epic deep V rebound.
At 13:30, the decline of the market index narrowed to -3.94%;
At 13:45, the market index regained the 1900-point mark;
At 13:55, the decline of the market index narrowed to -2.23%, and it continued to rise...
At 14:30 at the end of the day, the market index narrowed to -0.96%. The daily K-line showed a super long lower shadow line, showing the shape of a golden needle bottoming out, and the group of galaxy concept stocks also collectively turned red around 2:30 The price rose, and all of them stepped out of the golden needle bottoming pattern.
The entire market is going deep V big rebound.
As of the close, the Shanghai Composite Index finally closed down -0.19% to 1959.51 points; the Shenzhen Component Index closed down -1.23% to 7495.10 points; the ChiNext Index closed up +1.37% to 984.75 points.
In terms of individual stocks, Quantitative Capital closed up +0.30% to 36.03 yuan, with a turnover of 1.207 billion and a market value of 50.370 billion; Xingyu Technology closed up +0.15% to 2.98 yuan, with a turnover of 4.167 billion and a market value of 820.558 billion.
Other galaxy concept stocks also closed up slightly. The Jedi counterattack in the afternoon was like a rainbow, and the entire market showed a short-squeeze situation.
God K is conferred once again!
...
