Chapter 1008 Back to 3000 points (2)

  Chapter 1008 Return to 3000 points (2)

   “266 shield soldiers, the bailout funds have appeared again!”

   Soon the unique trading style of the bailout funds was caught by the market, and the news spread like wildfire and quickly spread in the market. Naturally, this news also shattered the so-called “rumours” that “rescue funds have dried up” to a certain extent. Soon some funds tentatively followed up, conducting short-term operations on the stocks where the rescue funds appeared.

   At the same time, the rescue funds appearing in the heavyweight stocks delayed the decline of the index to a certain extent, but the decline in other sectors did not stagnate in the slightest, directly showing a momentum of free fall.

   “To resist in the corner is to seek death!”

  Su Hai, Xu Fei from Zekang’s office, has been closely watching the movement of the market. When the bailout funds appeared again, he learned the news immediately.

   “What are they doing?”

Zhou Chang’an was a little confused about the situation, “It’s still hard to sell at this time, isn’t it telling the market that they are exhausted? Look, they only sell on the heavyweight stocks that can affect the stock market, but they don’t see any movement on other stocks. , doesn’t that explain the problem?”

   “Hey, they’re just dying.”

Xu Fei understood the other party’s mentality very well, and immediately snorted coldly, “Since it can’t be perfect, then I can only preserve the index as much as possible. But this time, I won’t even give them the last hope. The stocks with rescue funds, Give me a shot now, and you must kill their buying momentum, and I want to see, which institution dares to follow such funds?”

  After a few days of adjustments, Zekang and his allies raised a lot of bargaining chips. With sufficient short-selling capital on hand, coupled with the current market crash momentum, this makes their confidence unprecedentedly high.

  Xu Fei saw it very thoroughly and responded quite correctly. The bailout funds were indeed dying, and he hoped that the last bit of funds on hand could slow down the market’s decline. But even this hope, Xu Fei couldn’t leave it to the other party. On the one hand, it is “it is advisable to chase the poor with courage”, and on the other hand, the rescue funds can win over and gather people’s hearts, and cannot give the other party a chance to breathe.

  Following Xu Fei’s order, his traders soon started to get busy, and then the Allied Forces also started related operations. It didn’t take long for short sellers to appear out of thin air on the stocks where the rescue funds appeared, and began to fight head-on with each other.

  The minimum amount of money on both sides is hundreds of hands, and the amount of each fund is calculated in millions, and funds of tens of millions or even hundreds of millions are often thrown out. As soon as Duo Kong came into contact with each other, they started a personal hand-to-hand combat without any temptation. It’s like two top martial arts masters, a pair of hands-on fight to the death, the momentum exuded is so surging that the people around them can’t stand their feet at all, and they have to retreat outwards one after another.

  Because of this fighting, the index fluctuated back and forth around 3300 points. But in the stock index futures, the index has fallen in a straight line, and has already fallen to 3260 points. The discount between spot and futures is so large, which means that investors are not optimistic about the bulls at all. In this case, more and more people are pouring into the short side.

   What’s worse is that in other commodity markets, whether it’s copper, steel, soybeans, or cotton, all prices have fallen. This decline is accompanied by a positive correlation with the performance of stock index futures. And related news quickly spread throughout the market, which in turn further intensified the pressure on the bulls.

   “I can’t stand it anymore!”

  When there were 5 billion remaining in the account, Zhou Deping decisively stopped the fight with the short side, and said to the others with a gloomy face, “I am determined to retreat the defense line to 3200 points, do you have any opinions?”

  Near 3200 points, which means that Zhou Deping defaulted to a drop of more than 8% throughout the day. But even so, I’m afraid it won’t have much effect.

   “Where is the line of defense now?”

  Zhao Fei smiled, with a hint of loneliness in his tone, “Now you can do whatever you want, we don’t have any opinions.”

“So are we!”

  Li Rong and Wang Jintang looked at each other and smiled wryly.

  Zhou Deping sighed again, and waved to the traders.

   The bulls and the shorts are fighting fiercely. Suddenly, in an instant, the bulls on the disk disappear, and the continuous pending orders disappear without a trace in an instant. This made the market not understand what happened for a while, but the main short sellers ignored all this and took advantage of this opportunity to continue to exert their strength and directly break through the 3300 point.

   After crossing the peak of 3300 points, the next step is a flat river without any obstacles. The main short sellers made persistent efforts and killed all directions. In the afternoon, they broke through 3200 points again, and once knocked down the index to 3191 points.

   Looking at the entire market at this time, there are more than 2,000 stocks with a daily limit, accounting for more than 70% of the stocks traded. The decline in the market is more than 9%, which means that some of the heavyweight stocks have also experienced a limit-down situation, and at the same time there will be an extremely rare situation of a limit-down in the broader market.

   “It’s about time!”

  The market performance was not good, and Zhou Deping and others had to lower their requirements for the market again and again. However, if the market directly drops to the limit, it cannot be explained anyway, so he has to set the defense line at the integer point of 3200 points. When the decline broke through 3,200 points, the room to fall was extremely limited, “let’s sell now!” he ordered the trader.

  Although they knew that the overall situation could not be changed, traders still realized that it was still of great significance to raise the index a little bit under such circumstances. Immediately, they played the familiar dialect again and released their entry signal around 3195 points.

  At this time, there are still some funds that are waiting and watching in the market. When they saw the bailout funds, they quickly chose to follow. Because in this case, even if they are locked up, it is only a 2% range, which will not affect them at all. But if there is going to be a rebound, then the gains are huge.

  Under this mentality of betting on a rebound, the bulls actually won a lot of funds for a while, and successfully attacked to around 3200 points. It’s just that their good luck ends here. On the one hand, the bears firmly hold on to this psychological threshold, and the bulls will not let the bulls go beyond it. In addition, the bulls do not dare to make too many moves, after all, the trend is there.

  The two sides called for gold and retreated near 3209 points. The market plummeted 297 points that day, or 8.49%, which was the largest drop in China’s capital market in eight months.

   To make matters worse, during the final attack, the bailout funds ran out of ammunition.

   Thanks to Clover, book friends 160616172217686, 555@555, intelligence MM, cpower for voting monthly! Thanks to Crazy Rotor, Stadium General, and riverbank for their generous rewards! Thanks to Wujijie, Lihuamanyuan, Xingkongzhiwang, and momoko12 for their recommendation tickets! Thank you very much for the enthusiastic support of so many book friends. These two days are very tight, so let’s write so much first, and try to write early tomorrow~

  (end of this chapter)