My Fintech Empire

The price difference between the 07 contract and the 08 contract further widened. The main short sellers continued to be imprisoned and beaten with the door closed. The door was directly welded shut. Although there was resistance, it was of no avail.

If you are caught this time, it is impossible to let go without spitting out what you have eaten.

If it weren't for the fear of once again triggering a new round of crazy speculation that everyone would follow suit, Fang Hong would definitely blow up the main short sellers and wipe them out.

However, he also knows that the most that can be done is to allow the short sellers to spit out what they have eaten and then lose some more. It is unrealistic to completely blow up the market. It is not advisable to open the market every day with a daily limit of 1,000 shares, and it cannot be done like this. It may lead to a greater crisis. The gain outweighs the loss.

The goal of relieving the systemic crisis has been achieved, and other gains are the icing on the cake.

This kind of blind confidence is not appropriate. After all, the stock market is indeed imperfect and has many problems. It cannot withstand this level of trouble again.

The Shenzhen Component Index on the main board of the Shenzhen Stock Exchange next door is also opening higher and moving higher, and it is also rushing to close the index. The reason why there is no board now is because the votes of Galaxy Galaxy have not kept up. Right now, the only thing missing is the votes of Galaxy Galaxy, which can keep up with the Shenzhen Stock Exchange. The main board index will also close the daily limit. Today's closed increase is +4.59%. When it reaches this level, the daily limit will be reached because half of the votes are still suspended.

The trend is the same as yesterday. The 22 Galaxy concept stocks basically maintain an elevation angle of 40 to 45 degrees and slowly climb up. The time-sharing line also goes out of the typical institutional ticket movement. Now it is Zheng Jinsong’s first-phase capital plate, and the previous seven Institutions such as Daqun Galaxy Theme Fund, Zhongtai Capital, and Perennial Capital are constantly buying. Broadly speaking, this is all part of the same faction.

With such a lineup, it’s no wonder that the short-selling forces are afraid to come.

What the heck, the people sitting at this card table are all in the same group. Who dares to play cards at this table without fear of being hunted?

Then there are also some retail investors who follow up, but the amount of retail investors' funds does not cause much fluctuation in the time-sharing trend of these tickets. Zheng Jinsong's trading level is not low.

Fortunately, the institutions in these tickets did not regard retail investors as opponents and targets for harvesting, and even considered retail investors to be slow to react and unable to keep up with the car that had meat to eat.

Galaxy's tickets are now trending as steadily as a dog, with quantity and price, both quantity and price rising, slowly moving towards the daily limit.

As time went by, at around 11 o'clock, 22 Galaxy concept stocks also hit their daily limits, collectively getting out of the second consecutive market, and also pushed the Shenzhen Component Index to close.

At the same time, the Shanghai Stock Index also reached today's highest point of 3959.22 points, with the increase expanding to +6.75%.

At the opening in the afternoon, the bank index began to move.

The selling orders began to be released one after another. When the short sellers saw it, they started to take the orders with tears in their eyes, but they really didn't want to take the orders, and they couldn't take the orders at the top of the universe.

Now that the offensive and defensive positions are changing, these selling orders were not thrown out by others. They were the main rescue funds of Team Guo Jia and Qunxing Capital. The main short sellers who were shut down and beaten could only take over these heavy-weight blue-chip orders.

The main short position is now at a record high position for the banking sector index. The current position is far higher than the high point of the last bull market in 2007. Even if calculated from the high point of 2007, the current position is additional. increased by more than 33 percentage points.

A proper cosmic-level top. From July 6 to today, in a total of five trading days, the banking sector index rose by more than 57 percentage points at a high level. This was forced up by Fang Hong. Bank stocks all over the screen have gone out of the five-continuous board market, and they are still in the five-continuous board market at a high level.

Many people would never dare to imagine this kind of scene, but it is actually happening in the current extreme market conditions. All bank stocks in the A-share market have reached record highs.

With the price lifted so high, now is the time for the bears to pay the price.

The short sellers at the moment have to take the position whether they want to or not, and they know that if they do, they will be stuck at the top of the mountain.

In the past, short selling was profitable, but now the harder the selling, the greater the loss. The situation has been completely reversed. All the capital costs of Qunxing Capital in the Latai banking sector are paid by the opponent, and maybe it can still be saved. Make a small profit.

Now no other funds dare to participate, and institutional hot money does not dare to come. Moreover, they know that this big top is a set created for the main short sellers. If you enter the urn, it is naturally impossible to jump in. In fact, there are not many retail investors in the banking sector. As for some of the front If you eat some meat later, you still don’t know how to stop it when it’s good. If you get bored later, there’s nothing to say.

The situation in banking stocks also affected the trend of the Shanghai Stock Index to some extent. It fell back in the afternoon, but overall the bulls are still very strong.

Fang Hong also gave up as soon as he saw the opportunity. He didn't wait for next week and started letting his opponent take over today.

Because this counterattack is not absolutely stable, if the short sellers are twisted into a bundle of ropes again, it is possible to achieve another comeback. Today's loosening is to cause internal strife among the opponents and divide them internally, because there are also people in the short team who have liquidated their positions, and some who can still carry it. People are about to liquidate their positions, and now is also the moment when their opponents are in chaos.

If we are loose today, some people in the short team will choose to withdraw. As long as someone withdraws, others will not continue to fight. Human nature is selfish. Why should I rush to the front and fight with my opponent in a bloody battle while you hide behind and take advantage? It’s a beautiful thought!

As long as someone starts to withdraw, the attack power of the short team will drop sharply. Even if they gather again later, they will not be as good as before, because the general trend is over.

If the opponent is made anxious and the whole team is determined to make a desperate move, the final result is still unclear whether victory or defeat. Naturally, Fang Hong will not take this risk. Victory is hard-won. It is a comeback against the wind. There is no room for error. It's just low, naturally he won't be allowed to wander.

This punch can be retracted at a critical moment, which is even more extraordinary.

Another person may not be able to take back this punch, because he may be overwhelmed by the victory and refuse to take it back, and ultimately fail.

The operation next week is quite simple. As long as the recent contracts are repeatedly controlled until all short positions are finally exhausted, the systemic crisis will be completely resolved. As for the further decline later, that is another matter, and it is also the price that must be paid in this round of leveraged mad bull market.

A large number of junk stocks have been pushed up to 10 or 20 times in price, and they will eventually return to their proper value range. Fang Hong cannot be unjust and spend sky-high prices to collect a bunch of junk stocks, and there are still a group of people who are frightened. The "supervisory team" reluctantly supported the large funds that came to rescue the market. They will also become the new short sellers.

As of the close at 15:00, the Shanghai Stock Exchange Index surged +4.54% to 3877.80 points. The small and medium-sized enterprises and the Shenzhen Component Index maintained their daily limits and closed today. Overall, A-shares continued to remain strong, with more than 1,300 stocks in the two cities exceeding their daily limits.

The Shanghai Composite Index once exceeded 3,950 points. The drop in the afternoon was the result of the drop in the banking sector, which had some impact on the market. The brokerage sector was originally at the daily limit. Affected by the drop in the banking sector, the brokerage sector also fell by about 1.5 percentage points in late trading. .

However, the most stable performance in the two cities was undoubtedly the 22 Galaxy concept stocks, which collectively rebounded. WeChat's stock price rebounded to 28.40 yuan, with a market value of 624.8 billion; Toutiao's stock price rebounded to 96.06 yuan, with a market value of 120 billion; Quantitative Capital's stock price rebounded to 53.29 yuan (share split), with a market value of 745 billion yuan.

Investors now only regard this as a rebound, and do not realize that the low point where the stocks of Galaxy stocks stopped falling on Wednesday will never go back. It is already a historic low, and what is now considered to be a rebound is actually a rebound. Above is a reversal.

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