At 9:31, the first wave of Panic Selling selling accelerated.
On the screen, the stock price of Bidiya plummeted, 38.8, 38.5, 38.2--
The sales orders came down layer by layer, like an avalanche.
Chen Xi stared at the market without moving her fingers. She was waiting. Waiting for the most panic wave to pass.
At 9:40, the stock price hit 38.0 yuan.
Trading Volume has exceeded 30% of the previous trading day's total.
Selling orders are still pouring out, but the intensity is weaker than at the beginning. Chen Xi placed the first buy order.
"1 million shares, price limit 38.2 yuan."
She said to Su Wantang.
Deal.
One million shares were eaten up, pushing the stock price from 38.0 to 38.3.
But the selling orders immediately came up, and in less than a minute, the stock price fell back to 38.1.
Chen Xi didn't stop.
The second tranche is 1 million shares with a price limit of 38.0 yuan.
Deal.
The stock price briefly rebounded to 38.2, then crashed again.
The third transaction, 1 million shares, with a price limit of 37.9 yuan, was completed.
The fourth transaction, 1 million shares, with a price limit of 37.8 yuan, was completed.
The fifth transaction, 1 million shares, price limit 37.7 yuan, completed.
After five moves, 5 million shares were eaten up, but the stock price fell from 38.0 to 37.6.
Chen Xi's payment is like a pebble thrown into the sea, it cannot stir up any waves.
Su Wantang said softly next to him:
"The selling order is too thick. Retail investors are running, and institutions are also running. Our buy orders cannot provide any support to the stock price.
Xiao Chen is right, today is the best time to open a position"
Chen Xi nodded, but did not stop.
The sixth transaction, 1 million shares, price limit 37.5 yuan, was completed.
The seventh transaction, 1 million shares, price limit 37.4 yuan, was completed.
The eighth transaction, 1 million shares, price limit 37.3 yuan, completed.
Chen Xi's fingers were typing rapidly on the keyboard, and the broken hair on his forehead was stuck to his skin with sweat.
She didn't have time to wipe it.
Every time a buy order is placed, it can be completed and the number of shares can be bought.
But the stock price just doesn't rise.
It's not that it won't rise, it's that it won't rise at all.
The sales pitch is like a wall. If you remove one layer, there will be another layer behind it.
Before the market closed in the morning, Chen Xi bought a total of 10 million shares.
The total share capital of Bidiya is approximately 2.728 billion shares, and 10 million shares account for approximately 0.37% of the total share capital.
Judging from today's market price, less than 0.4% of the shares hold no support for the stock price.
Chen Xi leaned back on the chair and took a long breath.
Su Wantang handed over a glass of water. "Take a rest. There will be more in the afternoon."
Chen Xi took the water glass and took a big sip.
"Today's market is completely different from Shunxin Agriculture. When Shunxin Agriculture falls, if our buy order is placed, the stock price will at least be stable.
Bidiya Here, we bought 10 million shares, and the stock price fell from 39.2 to 37.5, which cannot be sustained at all."
Su Wantang looked at K-line Chart on the screen.
"The plate of Shunxin Agriculture is small and has poor liquidity. The plate of Bidiya is large and has good liquidity.
With the same funds, Bidiya is just a small splash."
Chen Xi thought for a while and nodded.
"You're right. Shunxin Agriculture It took us eleven trading days to build a 5% position.
Bidiya bought 0.37% this morning. At this rate, it will probably not take two or three months to buy all the 2.5 billion funds."
After the market opened in the afternoon, Panic Selling did not decrease, but increased.
When the market was closed at noon, Financial News pushed the news of BYD's semi-annual report--
"The non-deductible loss is 673 million", this number was repeatedly spread at noon, more retail investors saw it, and more panic was ignited.
At 1 p. m., the stock price opened at 37.2 yuan, falling directly below the morning low.
Chen Xi continue to buy.
The ninth transaction, 1 million shares, price limit 37.0 yuan, completed.
The tenth transaction, 1 million shares, price limit 36.8 yuan, completed.
The eleventh transaction, 1 million shares, price limit 36.6 yuan, completed.
The twelfth transaction, 1 million shares, price limit 36.4 yuan, completed.
After four transactions, 4 million shares were eaten up, and the stock price briefly rebounded to 36.8, and then dropped to 36.2.
Chen Xi did not stop.
The thirteenth transaction, 1 million shares, price limit 36.0 yuan, completed.
The fourteenth transaction, 1 million shares, price limit 35.8 yuan, completed.
Fourteen transactions, 14 million shares.
Including the 10 million shares purchased in the morning, a total of 24 million shares were purchased throughout the day.
The total share capital of Bidiya is approximately 2.728 billion shares, and 24 million shares account for approximately 0.88% of the total share capital, close to 1%.
But what about the stock price? Opening Price 39.2 yuan, with a closing price of 35.6 yuan.
It fell more than 9% throughout the day.
The buy order of Chen Xi has no supporting effect on the stock price.
The moment the closing bell rang, Chen Xi stared at the 35.6 number on the screen and was silent for a long time.
Su Wantang summarized today's transaction data on the side - 24 million shares were bought, the average transaction price was 37.2 yuan, and the transaction volume was about 893 million yuan.
Henglong Capital's total holdings on Bidiya increased from approximately 6 million shares to 30 million shares, accounting for approximately 1.1% of the total share capital, with a total investment of approximately 1.12 billion yuan.
"I bought nearly 900 million today."
Su Wantang's voice is very calm,
"The stock price fell by 9%. Our floating loss was about 7%."
Chen Xi Lean back on the chair and close your eyes.
"Zhao Zong is right. The worse the semi-annual report is, the harder the stock price will fall.
The harder the stock price falls, the lower our cost of opening a position.
We bought 24 million shares today, with an average price of 37.2 yuan. This is almost 2 yuan lower than our previous cost."
Su Wantang asked, "Do you still want to buy it tomorrow?"
Chen Xi opened his eyes. "Buy. The lower it falls, the more you buy. Zhao Zong said, there is no lower limit."
She remembered what Zhao Chen said - "Buying stocks is not about buying tomorrow's rise or fall, but buying the future of the company."
Those who ran away from the market today saw a non-deductible loss of 673 million and a 72% drop in net profit.
What they can't see is that New Energy car sales have doubled, market share is expanding, and the industry is being cleared.
All Bad News Out When subsidies are reduced, the surviving companies will live better.
Chen Xi turned around, walked back to the computer, and turned off the computer. "Let's go. We will continue tomorrow."
Su Wantang packed up the documents on the table and followed her.
The two people walked out of Trading Room. The corridor was very quiet, only their footsteps echoed in the empty space.
Chen Xi took out his mobile phone and sent a message to Zhao Chen: "Zhao Zong, bought 24 million shares today, with an average price of 37.2 yuan.
The total holdings are 30 million shares, accounting for about 1.1%. The stock price closed at 35.6, and the total floating loss was close to 7%."
Zhao Chen quickly replied with one word, "Okay."
Chen Xi looked at the word "good" and smiled.
She put her phone away and walked into the elevator. She knew that after the market opened tomorrow, there would be more selling orders.
Maybe the stock price will fall below 35, maybe even lower. But she is not worried.
Because she knew that everything Zhao Chen said was right.