"With such a weak board, it can still close at the daily limit. The leader is truly worthy of its name."
Sun Chengyu, who had also completed his liquidation and profit-taking during the trading session, couldn't help but exclaim when he noticed that 'Meiyan Jixiang' was once again sealed at the daily limit by large orders from institutional funds, successfully reaching the highly speculative level of an eight-consecutive-day limit for a market concept leader:
"It actually went from divergence to consensus again, truly impressive. It seems... this stock will likely continue to push for higher price levels, capitalizing on the overall bullish market sentiment!"
Originally, he thought his operation of taking profit and exiting at this position was completely fine.
But now looking at it...
He suddenly realized his perspective was still not broad enough.
And there were still issues with his judgment of market sentiment and his grasp of selling points.
"Sun-ge, 'Meiyan Jixiang' is truly damn strong."
While he was reflecting on his day's operational problems, Zhao Qiang sent him a message on WeChat,
"Eight consecutive daily limits, and the capital consensus on the board has surprisingly shifted from divergence back to agreement, sigh... I feel like I sold incorrectly today, I should have waited a bit longer. I wonder if the Jinrongjie Fuxinglu capital dumped their shares today?"
Sun Chengyu replied:
"Most likely not. The Jinrongjie Fuxinglu capital... I have to say, it's truly remarkable. Their strategy of holding positions is unmatched by ordinary people."
In the financial market, it's said that 'those who know how to buy are apprentices; those who know how to sell are masters.'
Through his observation and research of the Jinrongjie Fuxinglu capital's trading methods and buying/selling strategies during this period, he found that this capital was extremely precise in both grasping market buying points and selling points, always hitting the turning points of the market.
"This capital, its holding value in 'Meiyan Jixiang' must be at least 300 million yuan, right?"
Zhao Qiang said enviously,
"This guy has truly gone crazy making money on 'Teli A' and 'Meiyan Jixiang'."
"No choice, they deserve to earn this money,"
Sun Chengyu said helplessly.
In short-term trading in the financial market, everyone competes with their charting skills and self-awareness.
The Jinrongjie Fuxinglu capital, with its top-tier charting skills and self-awareness in the market, naturally earned the bulk of the profits because other institutional funds following suit or gambling couldn't compete.
This kind of money earned through true skill, even if envied, cannot be replicated.
"Sigh..."
Zhao Qiang let out another soft sigh and said,
"Comparing oneself to others can be infuriating."
Sun Chengyu chuckled and replied,
"In the financial market, we just need to overcome ourselves; there's no need to compare with others. If you can't buy 'Meiyan Jixiang' and miss it, then just buy other stocks. Today, the overall market's bullish sentiment and speculative mood are quite good.
At the same time, the Shanghai Composite Index seems to have temporarily stabilized at the 4000-point level. In this situation... the previously collapsed bull market expectation might still stage a rebound, and at this time, trading other conceptual themes will likely also be profitable."
"Hmm."
Zhao Qiang said,
"Settling for second best, we can only buy second-tier follow-up stocks now."
After speaking, his gaze no longer fixated on the 'Meiyan Jixiang' board, which was completely locked at the daily limit.
Instead, he turned to look for other conceptual themes with strong speculative logic, where institutional speculative funds were continuously pushing up and maintaining stock prices, and which had expectations of hitting the daily limit.
As the two realized they had sold the wrong stock.
Helplessly looking at the 'Meiyan Jixiang' board, which was already at the daily limit, sighing at what they missed, they had no choice but to turn to follow-up stocks.
At this moment, in the internal group of 'Modu Chaoduanbang' institutional speculative funds, Xu Qiao, who had also sold the wrong stock, saw 'Meiyan Jixiang' once again sealed at the daily limit, and the combined efforts of funds and emotional expectations on the board shifted from divergence back to consensus.
He helplessly slapped his thigh, regretting his morning profit-taking operation, and lamented:
"Damn it, my faith in the leader was still not strong enough; I should have continued to hold my position today."
"I don't think there was anything wrong with taking profit on 'Meiyan Jixiang' today,"
Said Old Wu from 'Yintai Lu'.
"In the morning trading session, the bullish and bearish divergence for 'Meiyan Jixiang' was actually very significant. If it weren't for the overall market's bullish sentiment fully recovering after the afternoon opening, I estimate that 'Meiyan Jixiang' would most likely have collapsed today."
"But the key is the full recovery of bullish sentiment in both markets. When the overall market's bullish sentiment recovers, for conceptual leader stocks with strong profit-making effects, the normal trend is to continue accelerating upwards,"
Xu Qiao said.
"It's truly inexcusable that I didn't consider this point."
"Same here, we all sold too early,"
Said Old Zhang from 'Xinzha Lu'.
"We sold too early, but I have a feeling..."
Old Wu from 'Yintai Lu' paused, then said,
"I feel Su-xiong must still be holding his position."
"No way? Su-xiong is still holding?"
"He should be. In the morning's trading details for 'Meiyan Jixiang', no concentrated continuous super large sell orders were found."
"Su-xiong is amazing; he can still hold his position in this situation."
"'Meiyan Jixiang,' the selling point here should not be wrong,"
Brother Chen from 'Xinyue Lu' also responded at this moment.
"With such a weak daily limit trend today, even with a strong close, it will probably be difficult for it to go much further. Even under optimistic expectations, there's only room for one more limit."
"Hard to say, we need to see which speculative fund from the industry entered today to seal the limit before we can make a judgment,"
Xu Qiao said.
"Furthermore, if the Shanghai Composite Index reclaims 4000 points and the market's bullish expectations can once again emerge, then 'Meiyan Jixiang', as the conceptual leader and leading gainer in both markets, will likely still break out to exceed expectations under the sustained resonance of sentiment and capital."
Accompanying the guesses of several institutional speculative funds in the group about the market trend.
As market trading hours continued to progress.
The bullish sentiment in both markets further surged, driven by 'Meiyan Jixiang' continuing to hit the daily limit and opening up new speculative high spaces.
And the sustained rise in bullish sentiment.
Naturally also led to a continuous rebound of many stocks in both markets, as well as the broad market index.
Finally, when 3 PM arrived and both markets closed, the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index all closed with significant volume on a moderate positive candlestick, with the Shanghai Composite Index successfully stabilizing above the 4000-point mark.
And when everyone saw the Shanghai Composite Index successfully stabilizing above 4000 points at the close.
After hours, the market's bullish expectations gradually began to ferment once again in the hearts of countless investors.
Of course, as the entire market's bullish sentiment fully recovered and warmed up.
The public's attention and discussion heat surrounding 'Meiyan Jixiang', this conceptual leader stock, also became unprecedentedly fervent.
Moreover, everyone's attention to this stock's 'Dragon Tiger List' and to its controlling institutional funds, especially the Jinrongjie Fuxinglu trading seat, also rapidly surged.
Just as this bullish expectation continued to ferment.
And with increasing attention from everyone on short-term conceptual stocks and conceptual leader stocks.
At 5 PM, the Dragon Tiger List for both markets refreshed, and 'Meiyan Jixiang' was, without surprise, still on the list.
Amidst widespread attention, on the disclosed buying and selling seats for 'Meiyan Jixiang', institutional speculative funds that had previously intervened, such as 'Qingchun Lu', 'Tiancheng Donglu', 'Zheshang Securities Shaoxing Branch', and 'Hongqiao Lu', had all liquidated their positions, taken profits, and exited.
Conversely, the associated seats of the 'Gusu Chaoduanbang' institutional speculative funds, including 'Gusu Xibei Jie', 'Yuhang Wenhua Lu', 'Gusu Renmin Lu', and 'Modu Jinling Donglu', after intervening with a small initial position earlier, made large-scale increases in their holdings at high prices today, becoming the main force sealing the daily limit for the conceptual leader stock 'Meiyan Jixiang' within the day.
As for the Jinrongjie Fuxinglu trading seat, which everyone was extremely concerned about.
It did not appear on the 'Meiyan Jixiang' Dragon Tiger List today, indicating that this capital was still in a position-holding state.
"I didn't expect that the main force sealing 'Meiyan Jixiang' today was this group of 'Gusu Chaoduanbang' institutional speculative funds."
After seeing the buying and selling data disclosed by 'Meiyan Jixiang', Su Yi's face showed a hint of surprise, and he thought to himself,
"This group of institutional speculative funds acquired so many chips near the daily limit today. According to their past trading style, it's highly probable they will guide 'Meiyan Jixiang' to an accelerated limit board tomorrow."
And just as he expected.
After a night of bullish sentiment fermentation, the next day, Thursday, August 13th.
Under the slightly higher open of both markets, 'Meiyan Jixiang' directly capitalized on the fervent bullish sentiment, opening at a gain of 7.53%.
Furthermore, when both markets officially entered the continuous bidding trading session.
'Meiyan Jixiang' opened high and traded higher, oscillating and changing hands only about 15% in the 7% to 9% gain range, then boldly launched an assault on the daily limit.
Under the unified and fierce attack of various funds, it quickly sealed the daily limit, once again exhibiting a trend of accelerating with reduced volume.
"Wow, with such a large circulating market cap, it could actually be collectively pushed up to a 9th consecutive limit by various funds."
Seeing 'Meiyan Jixiang', this conceptual leader, once again sealing the daily limit, Li Jinshi from 'Foshan Lujing Lu' in the internal group of 'Foshan Faction' institutional speculative funds, who had been watching the stock's continuous turnover and soaring, was completely stunned.
He exclaimed:
"If only we had known, we should have launched an attack earlier. We really let the 'Gusu Faction' group get away cheaply. But... the Jinrongjie Fuxinglu capital, with hundreds of millions in chips, has been holding its position inside. How dare these 'Gusu Faction' guys violently push for a limit board with reduced volume?"
"Because of sentiment, and also because 'Meiyan Jixiang' has a large enough circulating market cap."
Liao Guoxiang from 'Jihua Liulu', a core institutional speculative fund of the 'Foshan Faction', responded in the group,
"When the price of 'Meiyan Jixiang' reaches this level, under extreme bullish sentiment, the ample circulating market cap actually becomes an advantage, making it convenient for various institutional speculative funds to continuously cooperate and push for gains.
The 'Gusu Faction' speculative fund dared to aggressively push for a limit board with reduced volume and was not afraid of the Jinrongjie Fuxinglu capital suddenly dumping shares.
This is because of the market sentiment at this time. It was sufficient to support other bullish funds in taking over the chips sold by Jinrongjie Fuxinglu.
In other words, this limit board with reduced volume was collectively bought by various funds rushing to grab chips, aided by market sentiment; it was not controlled and driven up by the 'Gusu Faction' capital.
In fact, at this point, it's impossible for any institutional fund to still control 'Meiyan Jixiang'. How far this stock can go, and what kind of price level it can reach, can only be determined by market sentiment and the combined efforts of funds. All other factors... are secondary at this point."
"That's indeed the case."
Chen Guiyun from 'Foshan Zumiao Lu' thought for a moment and replied,
"Unfortunately, after the acceleration with reduced volume, the subsequent height 'Meiyan Jixiang' achieves will only be a feast for existing shareholders. Without prior chips, participating during the reduced-volume acceleration phase is clearly no longer cost-effective."
"Sigh... what a pity!"
Li Jinshi let out a soft sigh and said,
"We can only choose other trading directions."
After speaking, when his gaze returned to the market boards, he was no longer paying attention to 'Meiyan Jixiang', a conceptual leader stock with no buying point.
But even though a top tier of institutional speculative funds in the market began to be bearish on 'Meiyan Jixiang''s trend.
And started to give up paying attention to this stock.
However, throughout the market, medium and small investor groups, especially retail investor groups, continued to rapidly increase their attention to this stock, following up and scrambling for chips to seal the limit.
Funds wanting to acquire shares of this conceptual leader stock were still pouring in endlessly.
Even many medium and small investors paying attention to this stock.
Facing 'Meiyan Jixiang' forcefully achieving an impressive 9 consecutive daily limits, they even chanted the slogan:
'The sky is the limit for the leader!'
Su Yi watched as 'Meiyan Jixiang' hit the daily limit with reduced volume, the accumulated main buy orders reaching a million lots, and seeing the extremely fervent discussion across the entire internet about this stock, he knew that 'Meiyan Jixiang''s stock price had reached a point where it was about to peak.
He also understood that after extreme prosperity.
This conceptual market speculation, ignited by Zhengjin entering to rescue the market, was about to draw to a close.
(End of chapter)
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