Having understood these things.
Su Yi did not pour all the funds in his hand into 'Teli A's' trading floor at once.
Instead, he tentatively bought 5 consecutive orders of 1000 shares each, creating an expectation among retail investors who had placed sell orders at the daily limit down that this unpopular stock was also receiving attention from large funds and might have a chance to open its limit down today, thereby slightly reducing the potential selling pressure on the market.
Subsequently, as the Shanghai Composite Index continued its sharp decline and the liquidity crunch in the two markets intensified.
Su Yi continued to tentatively buy orders of 1000 or 2000 shares every 3 to 5 minutes, constantly maintaining the appearance that this unpopular stock was receiving attention and support from large funds.
At the same time, he also wanted to use this method.
To attract other active major funds in the market that were interested in this stock to jointly pry open the limit down.
After all, without the follow-up cooperation of other major funds, with the scarce market liquidity, his 75 million funds alone would likely be unable to pry open 'Teli A's' daily limit down.
However, under extreme panic.
For ten consecutive minutes of trading, on 'Teli A's' trading floor, apart from his occasional buy orders and the sporadic appearance of one or two scattered orders, there were absolutely no large orders of 500 shares or more.
Until 9:48 AM.
At this moment, completely unexpected by all investors.
The core heavyweight stocks of the 'Big Finance' main line, as well as many core constituent stocks in the CSI 300 Index, CSIC 500 Index, ChiNext Index, and SME Board Index, whose buying interest was completely exhausted on the trading floor, suddenly saw continuous massive buy orders of ten thousand shares appearing.
In just an instant.
At least over 1 billion yuan of major buying funds suddenly poured into the index constituent stocks across both markets.
Immediately, the Shanghai Composite Index suddenly surged from a decline of around 4.5%, and the Shenzhen Component Index, ChiNext Index, and SME Board Index also rapidly followed suit.
Su Yi noticed that a colossal amount of buying funds began to continuously flow into the market.
He knew that it was highly likely the 'national team,' led by China Securities Finance Corporation Limited, had finally begun to fully mobilize and was forcefully propping up the market with their vast real money.
"What perfect timing..."
Su Yi exclaimed with a smile.
Then, he quickly accelerated his rate of sweeping up shares at 'Teli A's' daily limit down.
3000 shares, 4000 shares, 5000 shares...
Just as Su Yi's buy orders reached 16,000 shares, totaling over 15.8 million yuan.
On 'Teli A's' trading floor, other large buy orders of thousands of shares finally began to appear, and at the same time, its limit-down locked orders were rapidly decreasing.
Meanwhile.
On the overall trading floor of both markets, the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index had all retracted to within a 2% decline.
Su Yi sensed that follow-up funds were starting to pour in, knowing that the time was ripe to pry open the limit down and push the price up.
Therefore, without waiting for further follow-up funds to continue joining in, he directly placed two consecutive massive buy orders of ten thousand shares at market price, sweeping away all the sell orders at the limit-down price that had not yet been withdrawn.
20,000 shares, nearly 20 million yuan, rushed into the market.
In an instant, all sell orders on the limit-down board that had not been withdrawn were swept clean.
After that, before Su Yi could continue to place buy orders.
Other follow-up funds that had observed the abnormal movements on 'Teli A's' trading floor had already swarmed in, instantly pulling its stock price straight up.
By the time Su Yi came to his senses.
'Teli A's' stock price had already been pulled to a 3% decline by the follow-up buying.
Su Yi observed the recovery trend of the broader market in both cities at this moment and found that a continuous stream of buying orders was still pouring in.
What was particularly striking was that on the trading floor of 'Ping An Insurance (Group) Company of China', a financial heavyweight stock, continuous massive buy orders of 200,000 shares appeared, directly pulling its stock price from an 8-point decline back to near the breakeven point.
He then looked at 'Teli A's' trading floor again.
He saw that the selling pressure on 'Teli A's' trading floor was very small.
In just 3 minutes, follow-up buying only traded 3000 shares, yet pulled the stock price up by 7 percentage points.
"Next, it's time to seize the initiative in the market rebound and establish ourselves as the leader."
His gaze swept carefully across 'Teli A's' real-time transaction interface, his eyes growing sharper, and he smiled,
"A sky-piercing arrow, thousands of troops come to meet; today... let me shoot this sky-piercing arrow!"
As he finished speaking.
Su Yi, without hesitation, once again placed a massive buy order of ten thousand shares at the daily limit up price.
Subsequently, when the order was declared into the trading system.
10,000 shares, a total of over 10 million yuan, swept through almost all the selling order levels above 'Teli A's' price like a hurricane in an instant, pulling its stock price straight up from the temporary 3% decline to an 8.5% gain.
And in an instant, a nearly 12% increase.
Also directly pushed 'Teli A' to the top of the real-time gainers list in both markets, making it a shining 'star' in the market and quickly attracting the attention of countless active short-term funds within the market.
The next moment, Su Yi didn't even need to continue pulling the market.
Following the profit-making effect, the frantic follow-up buying quickly pushed 'Teli A's' stock price, which already had little selling pressure, close to the daily limit up price.
Subsequently, facing the market's first "heaven-and-earth board" concept stock that showed a profit-making effect.
In the market, "limit-hitting" investors known as "dare-to-die squads" and major speculative funds specializing in limit-up premiums, seeing 'Teli A's' good trend and its instant high popularity, with expectations of a premium, couldn't help but start following up to lock in the limit up.
With these funds all following in.
In just a few minutes, 'Teli A's' stock price touched the daily limit up.
However, due to slightly insufficient turnover rate and unrecovered market speculative confidence, the first attempt by various limit-hitting funds to lock in the limit up was not successful.
But when at 10:20 AM, the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index all turned green and rose, and market investment sentiment and confidence were forcefully pulled back from the abyss of despair by the 'national team,' 'Teli A,' after sufficient turnover, easily succeeded in locking in the limit up again.
After Su Yi saw 'Teli A' successfully lock in the limit up.
Behind the crowd of follow-up funds chasing the limit up, he quickly added 15,000 shares to the limit-up locked orders using the remaining funds in his stock account.
The main purpose of his placing this locked order.
Was not for execution, but only to strengthen the confidence of subsequent funds in chasing the limit up.
After 'Teli A' successfully locked in the limit up, within half a minute, the locked orders reached over 200,000 shares.
Many other follow-up funds that had not managed to catch up in time, upon realizing they could not buy 'Teli A's' shares, turned to other similarly oversold small-cap concept stocks.
As well as numerous 'State-Owned Enterprise Reform and Restructuring' low-priced concept stocks that shared conceptual attributes with 'Teli A'.
Accompanying the explosive profit-making effect of 'Teli A's' "heaven-and-earth board."
As subsequent trading time progressed, the concepts of 'State-Owned Enterprise Reform and Restructuring' and 'Oversold Rebound' gradually became the core themes for speculation among various short-term funds in the market.
(End of chapter)
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