Chapter 10 The short-term approach
Next…
Throughout the morning, the price of gold fluctuated in a narrow range between 1550 and 1520, with sluggish trading volume.
Su Yu stared at the board and never found a suitable opportunity to enter.
Then, throughout the afternoon, until the stock market closed, the price trend of gold remained unchanged.
On the other hand, the Shanghai Stock Exchange, Shenzhen Stock Exchange Index and ChiNext Index were all in the red, continuing yesterday's heavy volume rebound trend and closing the solid positive line. Among them, the ChiNext Index closed strongly at 880 points, up nearly 2%. , the market for concept stocks in the sector broke out across the board, with the daily limit of individual stocks approaching 20.
And among these concept stocks with daily limit...
Hua Qingbao, one of the few stocks in the entire market that has continuously hit its daily limit, has further attracted huge attention from investors on the market.
Many people are speculating on the reasons for its continuous price limit. Some say that its performance in the first quarter has skyrocketed, some say that the company has made external mergers and acquisitions, and some say that major institutions manipulate the stock price and maliciously speculate... it can be said that there are many.
But without exception.
At this moment, there is still no market voice speculating and imagining the concept of ‘mobile games’.
"Build a foundation in despair and move forward in haziness..."
After the market closed, Su Yu briefly reviewed the market. Looking at the discussion topics about 'Hua Qingbao', he smiled and couldn't help but sigh.
In the financial trading market, retail investors' information channels and market acumen always lag behind that of major institutions.
Therefore, there is often a lag in following the market and detecting the motivations for the continuous surge in stock prices, resulting in hesitation and doubt in transactions.
This also caused...
Even if retail investors occasionally discover changes in individual stocks at the early stage of the market, it will be difficult for them to quickly overcome their inner emotions and keep up with the operations of major institutions.
Of course, it is precisely because there is a huge gap between retail investors and major institutions in their access to and understanding of market information.
Therefore, the main institutions can rely on this to continuously harvest retail investors in the market and seek excess profits.
"However, if we continue to move upward, if we don't release clear positive news... with the current market's average valuation level and hype, I'm afraid we will face tremendous pressure." After carefully analyzing the trend of Hua Qingbao, Su Yu secretly thought , "I wonder how the main trading organization will choose next?"
The concept is hyped, and the three boards become monsters.
When the logic of speculation and main line market expectations have not been recognized by the market, moving forward in a hazy way, the third daily limit is definitely a hurdle.
Because when profits are fully accumulated, market expectations and emotional expectations cannot be raised.
Then, we will face huge profit selling.
Although the current market sentiment has recovered somewhat compared to the previous period when the market continued to fall, neither the main funds in the market nor the retail investors have high expectations for the market outlook.
The vast majority of people still believe that this is just a market rebound after a long period of decline in a big bear market.
In anticipation of this rebound rather than a reversal…
As long as there is any disturbance in the market, investors with profitable positions will have a strong desire to cash in their profits, thus driving them to sell their chips quickly.
After Hua Qingbao's two daily trading limits, the overall chips have fallen out of the cost range of most position holders.
In other words, at this moment, the profit accumulation on the market for this stock has become very serious.
If there is no new substantial benefit for this stock tonight or before the market opens tomorrow morning, then... under the current market sentiment and expectations of investors, a huge amount of selling from the market will be unavoidable.
Su Yu thought about it for a while and felt that with the uncertainty of tomorrow's trend for Hua Qingbao's check, he couldn't figure out tomorrow's operation at this moment, so he could only put it aside temporarily and wait for the market to open tomorrow.
Then, my whole mind turned back to gold trading.
At this moment, the time period has entered the European trading time, and the gold market seems to be a lot more active, but it still has not chosen a new direction.
It’s just that the shock range has changed from $1550 to $1552 to $1550 to $1554.
Entering the evening, during the U.S. trading session, gold continued to fluctuate during the day, hovering around the $1,550 level, fluctuating in a small range.
The short-selling opportunity Su Yu was waiting for never came.
Then, he checked the global financial calendar and found that there were no important parliamentary or important economic data releases from tonight to tomorrow. It was expected that gold would not have any particularly big movements in the second half of the night.
So, I gave up waiting and went to bed early.
The next day, Wednesday, April 10th.
When Su Yu woke up, his salary arrived exactly as he expected, and his personal account balance increased by more than 3,000 yuan.
Then, 9 o'clock came and the stock market was about to open.
Su Yu checked the financial information in the early trading and the trend of gold.
In terms of market information, both at home and abroad, everything is calm, and the price of London gold is still hovering around the 1,550 price level.
It seems to be brewing, or waiting for something.
In terms of domestic market sentiment, after two consecutive days of rebound, investors' confidence has recovered a lot. On online forums, many of them are shouting about buying dips and adding to their positions.
After Su Yu understood the complete pre-market situation...
I continued to search for relevant information and discussions about Huaqingbao, and found that just like yesterday, market attention has soared, but there are no related benefits.
Discussions and reports on the outbreak of the domestic ‘mobile game’ industry and the profit blowout.
They are all still rare.
"It seems... today is destined to be a day of big differences for Hua Qingbao." Su Yu sighed when he saw that the market news was not conducive to Hua Qingbao's continued breakthrough to the third board.
As he sighed, 9:15 arrived and the bidding in the two cities began.
Su Yu quickly switched the computer interface to Hua Qingbao's trading interface and saw that the price of the check had jumped to the daily limit of 15.19 yuan.
At this price, the daily limit and closed orders exceed 100,000 lots, while the call auction orders are only 500 lots.
Such a collective bidding situation, at first glance, seemed very strong, as if it was going up to the daily limit, but Su Yu knew in his heart that this was just an illusion.
As the bidding time goes by, the selling will definitely become heavier and heavier.
Just as he guessed...
When the time came to 9:16, Hua Qingbao's daily limit of more than 100,000 lots of orders began to be quickly withdrawn, while the daily limit of call auction orders increased rapidly at a speed of almost 1,000 lots in ten seconds.
Then, just one minute later, at 9:17, the daily limit order of more than 100,000 lots disappeared completely.
At the same time, the bidding price of Hua Qingbao also dropped directly from the upper limit price to 14.73 yuan, an increase of 6.54%. The number of bidding orders surged to more than 5,000 lots, and the overall market situation also changed from the main buyer to the main seller. There are more than 1,000 orders placed above the 14.73 bid order, which still suppresses the call auction price.
Seeing this bidding situation...
Su Yu frowned, knowing that the "three-board divergence" of Hua Qingbao's stock was much greater than he expected.
"The main force tried the market for two minutes, then felt the pressure and gave up completely." Su Yu secretly thought in his heart, "According to this situation, I'm afraid it's a luxury to open higher, let alone hit the third board."
As he complained, Hua Qingbao's bidding price continued to drop.
At 9:19, its stock price fell to 14.47 yuan, an increase of 4.8%, and the collective bidding order reached 8,000 lots.
Then, around 9:19:40, the orders piled up on the call auction disk began to be withdrawn quickly. Within 10 seconds, the number dropped sharply by more than 5,000 lots.
Immediately afterwards, at 9:20, the call auction time for irrevocable orders began.
Hua Qingbao's stock price further fell to 14.25 yuan, an increase of 3.2%. After the call auction order was withdrawn, the remaining 2,000 lots or so increased slowly.
At 9:21, the number of bidding orders reached 3,000 lots, and the stock price fell to 14.18 yuan.
At 9:22, suddenly, a surge of 1,000 main buying orders pushed the call auction price back to around 14.25.
At 9:23, the number of matching orders in the call auction exceeded 5,000 lots, and the stock price was 14.22 yuan.
At 9:24, the number of orders once again exceeded 7,000, and the stock price was 14.15 yuan.
At the last minute of the call auction, there was suddenly another main purchase order of 1,000 lots, which stirred up the bidding and pushed the opening price to 14.21, an increase of 2.91%.
Su Yu looked at Hua Qingbao's opening situation, breathed out slowly, released his finger from the mouse, and said to himself: "Not bad, pretty smart."
According to Hua Qingbao’s performance in the five minutes before 9:20.
Su Yu originally thought that the main force would completely give up protecting the stock price and allow Hua Qingbao to open sharply lower, but he did not expect that the other party did not give up completely and resolutely maintained Hua Qingbao's trend of opening slightly higher.
actually……
There is pressure on Huaqingbao’s current trend without favorable support.
Su Yu believes that it is much better to open slightly higher to withstand the pressure than to open sharply lower to allow emotions to collapse, or to fight high and high with all your strength.
Because, as one of the few connected stocks in the market, Hua Qingbao's market attention is still very high. As long as the continuous rise does not let out, and the newly participating relay funds can maintain hope, then At this price, through constant changes of hands, the average cost of chips can be raised, and huge profits can be slowly digested, a new platform can be established, and conditions can be created again for subsequent increases.
instead……
If the bidding is opened sharply lower, or it is forced to raise the price, the price will be higher.
It is difficult for them to use the relay funds that follow the trend to perfectly digest the huge profits in the market.
Fortunately, Hua Qingbao, the main institutional trader of the stock, is indeed of good moral character and is well versed in the short-term speculation of stocks and the changes in investor sentiment on the market.
It didn't move in the bad direction Su Yu expected.
While Su Yu was deep in thought, 9:30 arrived and the stock market officially opened for trading.
With heavy bidding and a slightly higher opening, Huaqingbao quickly moved higher after the market opened. In less than 10 minutes, it hit a 5% increase, and the transaction volume exceeded 20 million, which was higher than the previous two trading days. Continue to increase volume significantly.
After exceeding the 5% increase...
The upward pressure on Hua Qingbao's stock price began to increase. Finally, at around 10 o'clock, under the pressure of several large orders, it quickly fell back to near the opening price.
Then, this stock followed this trajectory and started a violent oscillation pattern of jumping up and down.
Su Yu looked at Hua Qingbao's stock price jumping up and down. He knew that this stock would probably take the opening price as the price center today and fluctuate mainly. There would be no unilateral trend of skyrocketing or plummeting, so he prepared to switch the trading interface to the trend of gold. , no longer pay too much attention.
at this time……
The cell phone he placed next to the computer suddenly rang rapidly.
