At 10:15 AM, the turnover rate of 'Meiyan Auspicious' reached 11%, with the intraday transaction volume exceeding the 1 billion mark.
At 10:48 AM, the intraday turnover rate of 'Meiyan Auspicious' reached 15%, and on the market, the net inflow of main funds undertaking purchases reached over 47 million.
At 11:20 AM, the turnover rate of 'Meiyan Auspicious' reached 19%.
At 1:05 PM, the turnover rate of 'Meiyan Auspicious' broke through 20%.
And the moment 'Meiyan Auspicious' turnover rate broke through 20%, after the bullish sentiment had brewed during lunch break, and the broad market indices all saw a strong rebound.
Main funds optimistic about the stock 'Meiyan Auspicious' began to preemptively launch an attack to rally the price.
At 1:06 PM, after 'Meiyan Auspicious' stock price briefly hovered around a 4% gain, it was violently pushed up by consecutive large buy orders of tens of thousands of lots, surging in a straight line, instantly surpassing its previous intraday high and driving the stock price up to a 7.47% gain in one go.
Su Yi saw main speculative funds aggressively pushing up the price, and for a moment, did not make any trading operations.
He merely continued to observe the market trend of 'Meiyan Auspicious', watching the follow-up of main buying funds and the strength of buying support.
Under his observation, the stock price of 'Meiyan Auspicious' continued to rise, driven by the influx of numerous follow-on funds.
In just three short minutes.
Its stock price surged to around an 8.5% gain, showing a strong expectation of hitting the daily limit.
Then, before the short-term active funds of the 'daily limit daredevils' and various speculative funds scrambling for shares could collectively push to the daily limit, heavily weighted sectors like banks, securities, and insurance, which are the main lines of "Big Finance," suddenly experienced a dive, pulling the Shanghai Composite Index from its vigorous upward rebound trend into a volatile pullback trend.
Immediately after, affected by this.
Investment sentiment and speculative sentiment in both markets showed a brief negative feedback.
And the trends of numerous industry sectors, as well as hot concept sectors, also followed suit with volatile pullbacks.
Subsequently, the Shenzhen Component Index, ChiNext Index, and SME Board, several core indices, along with the 'CSF-held shares' concept theme sector, which attracts active short-term funds for speculation, were also driven to gradually trend lower with volatility.
After that, the stock 'Meiyan Auspicious', unable to resonate with the broad market trend.
When its stock price surged to an 8.67% gain, it suddenly encountered extremely strong selling pressure.
Almost in an instant, its market pattern was reversed by surging concentrated selling, and the stock price slowly returned to within a 5% gain, following the volatile pullback of the index.
"Alas, this wave of igniting a rally just now, the technique was a bit crude!"
Seeing that 'Meiyan Auspicious' stock price failed to truly hit the daily limit, instead following the volatile pullback of the index and returning to its previous volatile range, Xu Qiao, in the internal group of the 'Magic City Ultra-Short Gang' main speculative funds, frowned slightly and sighed,
"I wonder who was behind that rally just now; it was clearly a bit too rushed. Now that the first attempt to hit the limit has failed, trying to push up and hit the limit again later will likely face even greater market pressure."
"It looks like 'Meiyan Auspicious' will find it difficult to continue hitting the daily limit today."
"One burst of energy, then weakening, then exhaustion; that wave just now was indeed a bit regrettable."
"The one who rallied the price just now shouldn't have been Brother Su, right?"
"The technique clearly doesn't resemble Brother Su's. It looks... like the technique of the 'Gusu Ultra-Short Gang'," said Brother Chen from 'Xinyue Road'.
"Yesterday, this speculative fund from the 'Gusu Ultra-Short Gang' also bought quite a few shares of 'Meiyan Auspicious'. Given this fund's market manipulation style, they might still be increasing their long positions today in an attempt to control the market."
"It shouldn't be the 'Gusu Ultra-Short Gang'," said Old Wu from 'Yintai Road'.
"That move of igniting a rally just now was clearly an aggressive manipulation technique, but the other party didn't seize the timing well when launching the rally, failing to make the price movement of 'Meiyan Auspicious' perfectly resonate with the broad market trend.
That's why the final attempt to hit the limit failed. According to the 'Gusu Ultra-Short Gang's' trading style, even if they fail to ignite the rally, they would try to forcefully hit the limit."
Old Zhang from 'Xinzha Road' replied,
"That makes sense. It seems to be a small speculative fund with ordinary financial strength."
Accompanying the discussion among various powerful speculative funds in the 'Magic City Ultra-Short Gang' internal group regarding the market trend of 'Meiyan Auspicious', and their speculation about the source of the main funds that ignited the rally earlier.
At this very moment.
As the main fund that had just ignited the rally for 'Meiyan Auspicious'.
Brother Sun, Sun Chengyu, stared intently at the market trend of 'Meiyan Auspicious'.
There was no trace of frustration on his face due to the earlier failed attempt to assist 'Meiyan Auspicious' in hitting the daily limit.
Instead, he remained spirited, continuing to seek the opportune moment to increase positions, buy in, and ignite a push to the daily limit.
His operation with that order just now.
Although there was a motive to assist 'Meiyan Auspicious' in hitting the daily limit, the primary operational logic was to test the market to see how much selling pressure there was around the daily limit price of 'Meiyan Auspicious' at that moment.
Now, he had successfully tested the selling pressure.
And the selling pressure he tested out was much lighter than he had expected.
"Brother Sun, do you think 'Meiyan Auspicious' is still tradable?"
Just as Sun Chengyu was patiently waiting for the next good opportunity to act, Zhao Qiang tagged him in the 'Yuhang Faction' speculative fund internal group and asked,
"Looking at this stock's market trend, the selling pressure is considerable!"
Sun Chengyu thought for a moment and replied,
"If 'Teli A' cannot open up new upside potential, then I think 'Meiyan Auspicious' is tradable. At least for now, the 'high-low rotation' strategic direction. And the 'CSF-held shares' concept theme sector are still attracting a large number of active short-term funds to get involved.
As the saying goes, where there is volume, there is a market. As long as the short-term active capital flow continues to pour into the 'CSF-held shares' concept theme sector, led by 'Meiyan Auspicious', then the probability of profit from intervening in this stock at this time is still quite high."
"Alright!"
Zhao Qiang said with a smile,
"Since Brother Sun is optimistic, I'll follow with two lots."
With that, Zhao Qiang's previously hesitant mind instantly became firm.
While responding to messages in the group, he rapidly typed on his keyboard, using the liquid funds in his stock account to buy a large quantity of 'Meiyan Auspicious' shares.
However, his finger had just tapped the keyboard.
The buy order he intended to place had not yet been submitted.
An unusual movement occurred on the market for 'Meiyan Auspicious' once again.
Almost in an instant, before the many short-term investors and various main speculative funds observing this stock could react, over thirty consecutive large buy orders of tens of thousands of lots, as if appearing out of nowhere, violently poured onto the market.
In a flash, they pushed its stock price straight up to the daily limit price.
(End of chapter)
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