When 'Teli A's' stock price achieved a positive close.
At this moment, the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index, after a wave of stop-loss selling and margin call liquidations had been vented, began to experience a rapid rebound.
"The market's liquidity crisis should be temporarily resolved, right?"
Seeing the Shanghai Composite Index surge in volume, rapidly rebound from its intraday low of a 4.49% decline to within a 3% decline, while major blue-chip stocks and index constituent stocks all experienced strong buying, Zhao Qiang, who had been closely monitoring the trend of 'Teli A' stock, finally let out a sigh of relief at this moment.
Having learned from yesterday's lesson of acting prematurely, ignoring the market sentiment, and being forced to cut losses at the end of the trading day.
This morning, facing 'Teli A's' significant gap down at open.
He did not immediately follow up to buy the dip and accumulate shares, but patiently waited for the market's liquidity crisis to be resolved, and further observed 'Teli A', the follow-up of major buying funds during this phase, to determine whether this stock still had the potential to continue consolidating market sentiment, amassing a concerted effort of funds, and demonstrating a leading stock's profit-making effect.
Now, after more than ten minutes of market trading.
He had observed clearly.
It was clear that 'Teli A', indeed, just as he predicted in his review yesterday, had the ability to continue its upward momentum, stimulate the market's main theme of 'State-Owned Enterprise Reform', as well as the speculative sentiment for other conceptual themes, and further achieve higher speculative space and profit-making potential.
So, without hesitation...
Zhao Qiang began to continuously follow and buy on 'Teli A's' trading screen.
He regained the shares he was forced to cut at the end of yesterday's trading due to a lack of market liquidity.
As Zhao Qiang placed large orders to follow and buy, taking over the 'Teli A' trading screen, and gradually pushing the stock price further upwards, Su Yi, at this moment, looked at the 32,000 lots of 'Teli A' shares in his stock account, but, contrary to this, gradually slowed down his plan to place top orders and buy, observing the continuous follow-up of large orders on the trading screen.
He understood that, to truly push 'Teli A's' stock price up, and revive the stock's leading style.
It would require the formation of a strong, consistent emotional expectation, and a very powerful concerted effort of funds on the trading screen.
However, at this moment, although the market's liquidity crisis, under the 'national team's' massive and frenzied buying of index constituent stocks, had temporarily eased, the bullish sentiment had not yet instantly reversed, and most investors were still hesitating whether to buy the dip or follow the trend.
Therefore, while the market sentiment still needed further brewing.
While 'Teli A' still needed continuous turnover to clear floating shares from the market, and further reduce upward pressure.
While 'Teli A' and the broader market could not yet form a strong emotional resonance and trend resonance.
He still needed to patiently wait for a more opportune moment to ignite and pull the stock up while maintaining 'Teli A's' trading screen, as well as to attract more short-term active funds with a shared consensus to come in, before carrying out the final breakthrough and upward surge on the trading screen.
Just as he maintained sufficient patience.
Slowly accumulating shares, and waiting for 'Teli A's' turnover to progress on the trading screen.
At 10:20 AM, seeing that the broader market had already retracted to around a 2% decline, and discovering that countless small and mid-cap concept stocks that had flash-crashed in the morning were all rebounding, 'Brother Sun' Sun Chengyu, at this moment, also turned his attention to 'Teli A' stock, which had a relatively good chart pattern, and already sufficient turnover rate.
"This stock looks like it's poised to break out!"
Sun Chengyu narrowed his eyes, staring at 'Teli A's' price movement, smiled, and quietly muttered to himself.
Immediately, he began to use his stock account at 'Guangda Securities Yuhang Qingchun Road' trading seat to unhesitatingly buy a large amount of 'Teli A' shares.
1,000 lots, 3,000 lots, 5,000 lots...
Sun Chengyu used large orders to push the price upwards, and soon, strongly pulled 'Teli A's' stock price up to around a 3% gain.
Regardless of how much selling pressure there was on the trading screen during the rally.
He absorbed as many shares as were offered for sale, without any hesitation or doubt.
"Huh..."
Noticing strong large orders continuously pushing the stock price up, Su Yi, who had been closely watching the market's movements, let out a surprised sound, knowing that major speculative funds, with a consensus on 'Teli A's' trend, had already started entering the market en masse to grab shares, so he gently exhaled, and quickly tapped the buy key on his keyboard.
Immediately, a massive buy order of ten thousand lots, totaling over 30 million in buying funds.
Rapidly poured onto 'Teli A's' trading screen.
Next moment, 'Teli A's' stock price was directly pushed by this large order of ten thousand lots straight up to over a 6% gain, showing a trend of heading straight for the daily limit.
"Holy crap, who's so aggressive?"
Zhao Qiang, also watching the changes on 'Teli A's' trading screen, saw that major speculative funds had boldly ignited the rally.
He couldn't help but gasp in surprise.
Then, without waiting for him to think further, the over 30 million in funds he held also followed and bought in.
However, at the same time, Sun Chengyu, who had previously been placing top orders and aggressively grabbing shares, after Su Yi's ignition, also rapidly followed suit, and at a faster pace than Zhao Qiang, consecutively placed two major buy orders of ten thousand lots each at the daily limit price.
Such two major speculative forces, with an almost simultaneous concerted effort.
Directly pushed 'Teli A's' stock price, at lightning speed, violently up to the daily limit price.
Su Yi saw 'Teli A's' stock price rapidly hit the daily limit, and various groups of short-term funds were frantically following suit, knowing this was the best time to seal the limit up.
So, he preemptively placed another ten thousand lots major buy order at the daily limit price.
To assist subsequent follow-up funds in snatching shares at the daily limit price, and lock in the daily limit for this stock, driving a bullish sentiment resonance across the entire market.
After his ten thousand lots daily limit buy order rapidly cleared all selling orders at the daily limit price, and blocked the buying channel.
In just ten short seconds.
'Teli A's' limit up order volume on the trading screen shot straight to 100,000 lots, completely locking in the daily limit.
And at the very moment 'Teli A' locked in its daily limit.
Other small and mid-cap concept stocks in both markets with strong correlation to its trend, as well as the main thematic lines carrying short-term speculative sentiment, such as 'State-Owned Enterprise Reform', 'Oversold Rebound', 'New Stocks', 'Backdoor Listing and Reorganization', all experienced even stronger buying-the-dip and follow-up funds.
And there were even twenty to thirty follow-up stocks.
At the instant 'Teli A', the leading stock, hit its daily limit, showing a straight upward surge with explosive volume.
"Damn... Does 'Teli A' have such strong concerted fund power?"
Along with 'Teli A' hitting its daily limit, at this moment, in a room within a large flat in the 'Tomson Riviera' residential complex in Modu, Xu Qiao, who was a step slow in placing her order and failed to grab enough shares, staring at 'Teli A's' trading screen, couldn't help but frown, and grumbled,
"Damn it, one second slower and I missed out, that's just unfair!"
(End of this chapter)
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