Chapter 44: The world originally didn't have limit-downs

  The Shanghai and Shenzhen stock exchanges have a regulation. The daily price change limit for A-share stocks is ±10%. At the same time, it is stipulated that stocks with losses or consecutive losses for two years, i.e., stocks with "S" or "ST" prefixes, have a daily price change limit of ±5%.

  If Lafa Electronics rose today and rose to the highest limit, which is 10%, it would be a limit-up board. If it fell, the maximum decline would be -10%, which would be a limit-down board. Similarly, if it's a loss-making stock, the ones mentioned earlier with an "S" prefix, the price range is within 5%. However, there are no restrictions on the first day of listing for new stocks.

  The Beihuan North Road Yinheng Securities is just like the Shengan Securities in Tai'an Ninth Road. The stock market has been circulating their legend for a long time. And the legendary big brothers are sitting in the smoke-filled room, closely watching the trend chart of Laffey Electronics.

  The person called Big Brother rubbed his eyes. The eye whites filled with blood vessels gave a feeling of bloodshot eyes! Suddenly, Big Brother looked up at the room and cursed: "Damn it! I told you to smoke less, look at this place, it's like a heavenly palace!" Then he turned to Old Three sitting by the window and said: "Old Three, don't you know how to open the window? You're so stupid!" Next, he pulled out a cigarette from the pack, lit it himself...

  The brothers in the room exchanged a look, but no one dared to speak!

  Suddenly, Lao Si anxiously shouted: "Big brother! Lafite Electronics has started to dump stocks! The whole thing is full of big sell orders!" Big brother instantly furiously said: "You're telling me! I saw it myself!"

  The fourth elder scolded in his heart: If your ancestors hadn't climbed the snowy mountains and trudged through the grasslands, would you have made it to where you are today? You relied on your ancestors' protection and got rich by speculating in stocks. Now you're acting like a big shot! When faced with setbacks, you start cursing...

  The boss looked at the disk's trend, took a fierce puff of smoke. Looking at Lafa Electronics' decline of nearly 4%, his forehead was slightly sweating. Old Three, sitting by the window, suddenly said: "Brother, shall we prop up the disk and see if it can be pulled up?"

  The boss glanced at Old Three and casually asked, "Old Four, let's take a look at the Torafa Electronics' financials and see how much funds we need!" Old Four quickly bowed his head to calculate on the computer, suddenly bursting into laughter. He said with a grin, "Big Brother! The current decline in stock price is just due to a few million shares being dumped! We only need around 180 million to pull the stock price up to the daily limit!"

  Old Three hastily said: "Big brother, it's better to be cautious! We still have more than 2 million hands of Farad Electronics in our hands. If we pull up the stop, it's easy, but whether we can hold the seal in the later period is hard to say! Others throw goods at a high position to us, and we can't afford it!"

  The boss was a bit hesitant, and casually knocked on the keyboard. He looked at the trend chart and K-line chart again. After waiting for a while, he saw that the stock price still showed no signs of stopping its decline. On the trading floor, many more sell orders appeared. He said casually: "Old Fourth, place a buy order of 178 lots at the fifth level! Let's test the road to short selling!"

  Lao Si hastily tapped on the computer and quickly completed the order.

  At that moment, everyone stared at the disk surface with their eyes fixed, waiting for the reaction of the empty party. In less than a minute, several hands from Buy 1 to Buy 4 took over and were traded in sequence. The stock price fell rapidly like mercury, and this 178-hand order actually became a short-term support on the electronic disk surface.

  The old man looked at the cigarette in his hand, which had almost burned out, and took a final drag before flicking it into the ashtray. He muttered to himself, seemingly addressing someone, "What's with this drop? It's like they want to die! Ask them if they can prop it up..." Before he could finish speaking, there was a sudden surge of sell orders, and in the blink of an eye, 178 lots of Lafite Electronics had appeared on Old Four's account.

  Lao Si quietly said a sentence: "Big brother... it's done... the short seller didn't dare to mess with us..."

  It's really hard to say that these big sellers are not good at this, they are actually done by Yang Yawei of Xuri Huizhong!

  Guotai Min'an's Zhichunli business department, Wang sister sat alone in her large room, watching the stock price plummet. Just now she had hung up a sell order at 4.1 yuan, but not a single deal was made, and the stock price fell rapidly with Yang Yawei's dumping orders. This made Wang sister secretly heartbroken.

  Cancel your own four-piece sell order! Wang sister gritted her teeth and directly changed the program to a market price entrustment. As long as there is a buy order, it will automatically be traded.

  This move directly led to the 178-hand buy order of Lao Si just now, which was instantly killed. But Yang Yawei actually found out that a new 178-hand buy order had appeared on the disk surface in an instant. It was just that the suddenly emerging sell order had instantly killed that order. Yang Yawei knew that his strategy had basically succeeded and he had completed the first step.

  He glanced at the busy traders below and casually said to Xiaodu: "The order is set at 3.75 yuan. Since no one is buying, let's speed up the decline in stock price!"

  Lao Si looked at the rapidly falling stock price and asked, "Big brother! La Fa Electronics is accelerating its decline! What should we do?" Lao Da sighed and said, "Now that it's accelerating its decline, the shorts must have known some negative news! Let's follow suit and sell off in large quantities too! Ah~~~"

  Lao Si saw Big Brother letting go and hurriedly started selling at a low price!

  Old Zhang and Li Dajie watched as Lafa Electronics' stock price soared, and they were both stunned. Old Zhang slapped his forehead and said to Li Dajie in frustration: "This is crazy! This broken stock is really evil!"

  While talking, he was preparing to sell the original stocks together. At the moment of hanging orders, Sister Li hurriedly held Old Zhang's hand and said: "Old Zhang, don't sell first! I feel something is wrong, how about we observe for a while...?"

  Old Zhang hastily pulled his hand out of Sister Li's hand and anxiously said: "If it doesn't sell, it will fall to the limit! This big black line looks like a guillotine! The goods that came in today don't know how much they can be sold for tomorrow!" As soon as he finished speaking, he started hanging out wave after wave.

  Selling stocks also has its skills, like Old Zhang having so many goods in his hands. If he were to dump them all into the market at once, without a counterpart to take the goods, it would directly result in a big drop, and the stock price would instantly hit the limit down. Old Zhang really must sell his goods gradually!

  Xiao Duan watched as the stock price plummeted, with sell orders pouring in. Heartfelt and furious, he shouted: "Boss Yang! Our 3.75 yuan order is almost fully filled! Are we adding more?" Yang Yawei looked at Du Yu with a smug expression and casually said: "Just buy on the limit-down, forget about the higher ones!"

  In the retail investor hall. The speculators are still speculating, the sisters knitting sweaters, chatting with each other, heads down knitting their own sweaters. Lufax's decline is like a small boat in big waves, and it hasn't caught anyone's attention.

  Li Xiaoteng stared at the computer, watching the Lafa Electronics stock price all the way, without saying a word. Zhao Xun's face turned red as she tried to think of something to say to cover up her previous firm words. But before she could open her mouth, Li Xiaoteng asked: "Zhao Xun, do you trade stocks?"

  Zhao Xun hastily shook his head and said, "The Huaxia Securities Law has regulations, securities practitioners are not allowed to buy stocks!" Li Xiaoteng glanced at Zhao Xun lightly and sighed, "What a great buying opportunity! The main force is going to sweep the goods, there must be a trend behind." Zhao Xun looked at Lafa Electronics in surprise, which had been plummeting all the way, and said somewhat speechlessly, "Little Teng brother! You're not thinking of revenge, are you? You didn't buy it either, can't cheat your sister like this!"

  Lu Xun once said, "Originally, there was no such thing as a limit down. When many people sell, it naturally emerges!"

  Yang Ya Wei looked at the stock price approaching 3.69 yuan, the limit-down price! He shouted to Xiao Duan: "Add orders at the limit-down price and sweep up the goods!"

  (In fact, careful readers have discovered that I write about stocks and try to restore their true historical trends. The stock names are just the first two characters swapped... However... But you see, when you peel back the trend at that time, don't you already guess what happens next? To prevent you from guessing... my brother will moderately dramatize it! Haha... Tomorrow, the new book will be on the new book list! Just in time for the text classification recommendation to stop, and officially enter the naked sprint period. Everyone collect it, fatten it up!)