After opening in the afternoon, the stock price continued to fluctuate between 16.5 and 17.
Every wave of decline is supported by buying orders.
Every rebound is suppressed by selling orders.
Bulls and Bears The two sides saw each other repeatedly on this line, like two boxers testing each other's bottom line.
First trial:13:15,16.82
A sell order for 2 million shares was suddenly placed, and the stock price instantly fell to 16.80.
Buying Pressure appeared almost at the same time, 1 million shares were caught, and the stock price rebounded to 16.85.
Sell orders are placed again and again, and buy orders are received again.
After three exchanges, the stock price returned to 16.90.
Second trial: 13:42,16.75
This time there were several small orders in a row, as if someone wanted to secretly lower the price.
But every time it falls below 16.80, mysterious funds come in to support the market.
The deeper you fall, the faster you lift yourself up.
After five exchanges, the stock price returned to 16.88.
The third trial: 14:05,16.68
This was the most brutal session in the afternoon.
A sell order of 5 million shares first hit 16.70, and then a sell order of 3 million shares hit 16.68.
There was a brief panic on the market, and some people started to follow the trend and sell.
The stock price touched as low as 16.65.
But at this moment, Buying Pressure suddenly increased sharply.
It wasn't just one or two transactions, but dozens of small orders, all appearing at the same time from different seats across the country.
5 million, 3 million, 2 million, 1 million...
It was like countless retail investors received the same signal at the same time and rushed in like crazy.
In less than five minutes, the stock price was pulled back to 16.85.
That Long Lower Shadow is like a nail, nailed to Time-sharing Chart.
After 14:30, the board began to change.
The number of sell orders has significantly decreased.
It's not that it didn't happen, it was that every sell order disappeared quickly after it appeared--it was eaten by Buying Pressure.
Paying bills is no longer so fierce and becomes more relaxed.
Someone placed an order for 1 million shares at 16.90, someone placed an order for 500,000 shares at 16.95, and someone placed an order for 2 million shares at 17.00.
It's like someone is drawing a line.
One thing to tell everyone - below 17 is the bottom.
On Snowball, people keep posting and replying.
User "From 5 to 20":
"Brothers, I discovered it! At the position of 17 yuan, there is someone who is supporting the song!"
User "Patience Pays Off":
"I've also discovered it. Every time it falls below 17, a big order comes in. I've tried seven or eight times, but it hasn't broken."
User "Value Discoverer":
"What does this mean? It means that Large Funds opened a position below 17."
User "Old Leek Root":
"Who is so rich? It can't be Zhao Chen himself, right?"
User "Valuation Hunter":
"Zhao Chen's money needs to be used to release the pledge. It is impossible to enter the market at this time. It should be someone else."
User "Pig Cycle Hunter":
"Shen Jue? Are they still the same fund managers who participated in Short Squeeze last time?"
User "Chase Rises Kill Dips for Life":
"No matter who it is, the price of 17 should be the bottom of the barrel."
User "Patience Pays Off":
"Iron bottom? Is it possible to buy the bottom now?"
User "Value Discoverer":
"If you dare, copy it. Anyway, I won't move and wait until tomorrow."
User "Old Leek Root":
"I copied a little bit at 17.2 today and lost money. Now it's 16.9 and I want to make up for it but I don't dare."
User "Valuation Hunter":
"You're copying me halfway up the mountain."
User "Pig Cycle Hunter":
"Don't worry, we'll wait until the news comes out tomorrow."
User "From 5 to 20":
"What news?"
User "Value Discoverer":
"Zhao Chen Will the money be in place? If it is in place, the stock price will skyrocket. If it is not in place, it will still fall."
User "Old Leek Root":
"... Then I'd better wait."
At a workplace in a company.
A young man in a plaid shirt stared at the screen, his palms all sweaty.
His name is Xiao Lin, and he is a small retail investor.
Last week I read Lu Shen's Weibo and felt that Henglong was about to collapse, so I borrowed 5,000 shares of Short Selling at a cost of 18.5.
He barely slept in the past two days.
Watching the stock price rise from 15 to 18, and then fall from 18 to 16.8, up and down, his heart also rose and fell.
When the wave reached 16.65 just now, he almost closed his position and took profits.
But my hands were slow.
Now that the stock price has returned to 16.9, his floating profit is still 8,000 yuan.
He looked at the densely packed buy orders on the disk, looked at the Long Lower Shadow, and suddenly had a strong premonition--
It won't fall anymore.
It really won't fall.
He took a deep breath, trembled his fingers, and opened the trading software.
Buy to close position, 5000 shares, 16.92.
The moment the deal was concluded, he collapsed in his chair, as if he had been in a fight.
Earned 8,000.
He was very happy and received more than a month's salary.
Closing the position also made his whole body feel relaxed.
Because there is no need to suffer anymore.
He closed the software and continued working.
It's sunny outside.
He suddenly felt that Short Selling would never be touched again in the future.
At midnight, the casino closes.
The closing price of Henglong was set at 17.25 yuan.
It has dropped nearly 2 Hong Kong Dollar from the highest point, and increased by 0.6 Hong Kong Dollar from the lowest point.
The amplitude exceeded 10% throughout the day.
But the most important thing is that the pass of 17 Hong Kong Dollar was held.
Chen Xi looked at the number and let out a long breath:
"Zhao Zong, closed. 17.25 Hong Kong Dollar."
Zhao Chen stood in front of the window and said nothing.
Chen Xi continued:
"The few waves of testing in the afternoon were all supported. Now the market has accepted the price of 17.
I looked at the data, and there were a lot of small Short Sellers closing positions in the late trading, regardless of profit or loss."
She paused:
"Lu Shen, no one dares to follow you anymore."
Zhao Chen finally turned around:
"How many positions does he have left?"
Chen Xi calls out data:
"It's over 80 million, and today he smashed the market and closed the position at the same time.
The specific position changes cannot be estimated specifically, but it is certain that his position has increased.
In other words, once he closes his positions on a large scale, the stock price may never return to this price."
Zhao Chen nodded:
"It seems Shen Jue they won't leave him any way to survive."
Chen Xi looked at him:
"Zhao Zong, when will we take action?"
Zhao Chen thought for a while:
"No rush, we just need to watch the show now."
He walked to the window and looked at the city outside the window:
"When the market opens tomorrow, more people will understand that 17 yuan is an iron bottom."
After the market closed, Lu Shen stared at the screen, motionless.
17.25.
At the end of the day, after he had sold so much, the stock price still could not effectively fall below 17. In the end, he could only buy the shares he sold today to close his position.
This operation caused the cost of my Short Selling to increase a lot.
Most of the retail investors who followed the trend also ran away in the afternoon.
Those little Short Sellers desperately closed their positions in the late trading.
He has become a loner.
Zhou Huai stood behind him and spoke cautiously:
"Mr. Lu, let's tomorrow..."
Lu Shen There is no looking back:
"I'm waiting for an opportunity tomorrow. I don't believe there are people buying Henglong with such a high valuation."
Zhou Huai was stunned for a moment:
"But the market has..."
Lu Shen turned around suddenly:
"What have you done? Have you given up?"
He stared at Zhou Huai:
"17 is an iron bottom? That's what they think. As long as there is a chance, if you hit it again, you can break through it."
Zhou Huai lowered his head:
"But we don't have much ammunition..."
Lu Shen said:
"Then wait until the critical moment before taking action."
He turned around and looked out the window:
"I don't believe he can really come up with the money to release the pledge."