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122 The stock price plummeted and Wang Guanxi closed the position frantically

The next day, June 16th, Monday.

The stock market opens.

The share price of BYD Electronics Group was also sold by Zhong Hewu, the major shareholder HSBC International Trust and the controller of Jinlong Fund.

The stock price began to fall from 6.00.

The decline is very fast.

HSBC International Trust and Jinlong Fund sold a lot at one time, and they couldn't take the buying in the market.

The stock price soon fell to 5.00.

Wang Guanxi was so happy.

Because the floating profit in the account is HK$56 million.

"Last time, BYD Electronics' stock price also fell to 5.00, and then Fidelity Investment Group took the opportunity to increase its holdings, and this time it fell back to 5.00. I don't know if Fidelity Investment Group will increase its holdings again at this position?"

At this time, the stock price rose rapidly, rising by 0.5 yuan, and rushed to the 5.50 position.

Those retail investors who like to buy at the bottom, believe that the US Fidelity Investment Group will increase their holdings at a low level, large retail investors, or short-term traders are entering the market, causing the stock price to rise.

Wang Guanxi was worried about whether to close the position here, after all, there was so much money in his account.

But after thinking about it, he still did not close his position.

Keep waiting.

The stock price quickly fell to 5.01 again, and a few minutes later, the stock price fell below 5.00.

It is obvious that Fidelity Investment Group in the United States has not taken action.

After 20 minutes, the stock price fell to 4.3.

Wang Guanxi felt that he was about to close his position.

If Fidelity Investment Group in the United States takes another step to increase its holdings, the stock price will be pulled up again, and its profits will be lost a lot.

"I will close the position when the stock price falls to 4.00!"

Wang Guanxi focused on the stock price trend chart and never relaxed for a moment.

If Fidelity Investment Group suddenly buys a large amount of money, the stock price will definitely soar and he will lose a lot of profits. So he has to close the short order of 14 million shares before Fidelity Investment Group increases its holdings.

··

At this moment, Si Xiuliang, the United States Fidelity Investment Group and Hong Kong branch, ordered: "When the stock price falls to 3.00, use 300 million yuan to increase my holdings."

They are long-term investment and value investment.

For them, the lower the stock price, the better, so that they can buy more stocks at a lower position and spend less money.

They had increased their holdings at 10.00 before, and they could only buy 10 million shares at a cost of HK$100 million.

I increased my holdings at 5.00 and I could only buy 20 million shares at a cost of HK$100 million.

Looking back now, the position of increasing the holdings of stocks is still too high.

He thinks that the 3.00 position is a good opportunity to increase holdings, and he can buy 20 million shares at a cost of HK$60 million.

Of course, this is just a mathematical calculation. In fact, when they buy, the stock price will rise and the cost will increase.

Let those bears make trouble and let HSBC International Trust sell it.

"Yes, the CEO" traders were also very excited.

··

As for HSBC International Trust, Jiang Quangang said one after another: "Reduce the selling and let the stock price continue to fall slowly."

Now the stock price has fallen to 4.00. Jiang Quangang feels it is too low, and there is little money to sell stocks here to cash out.

If you sell 1 million shares at 4.00, you just cash out HK$4 million. However, if you cash out 1 million shares at 8.00, you can cash out 8 million shares.

He wants to wait for Fidelity Investment Group to pull up its stock price and then continue to cash out at a high level.

"Yes, Mr. Jiang"

Then the stock price fell to 4.00.

And Wang Guanxi immediately began to close the position.

Short selling of 14 million yuan is equivalent to buying 14 million shares in the market when closing the position.

500,000 shares!

500,000 shares!

500,000 shares!

····

HSBC International and Golden Dragon Fund are still selling slowly, but the stock price is too low, and there are not many stocks they cash out at one time.

However, due to the crazy closing of short positions by Wang Guanxi, the market was filled with a large number of buying orders, causing the stock price to turn around and rise.

Soon, I rushed from the 4.00 position to the 6.00 position.

The 14 million short orders were closed, and the average closing price was around 4.98. One stock made 4.02 yuan, and a total of HK$56.28 million was earned.

After deducting the handling fee and interest, Wang Guanxi earned HK$56.1 million this time and transferred HK$100,000 to his bank account.

The net value of the account of No. 1 Fund is as high as HK$186 million.

The 14 million shares of BYD Electronics Group borrowed from Yonglong Securities, Ping An Fund, and Guohao Financial Group have been returned to them.

Now the three financial institutions have lost a lot again.

HSBC International and Golden Dragon Fund saw their stock price rise to 6.00, and believed that it was Fidelity Investment Group in the United States that took action, so they increased their selling!

1 million shares!

1 million shares!

1 million shares!

···

The stock price suddenly turned around and fell sharply!

There are not so many buying in the market, which leads to a plummeting stock price!

At the close of the morning session, it plummeted to 3.00!

HSBC International Trust, Jiang Quangang: "Stop selling in the afternoon"

Unexpectedly, the stock price fell so quickly, falling to 3.00, selling 1 million shares, and only cashing out HK$3 million, he felt it was not worth it.

Jinlong Fund, Zhong Hewu: "It's too low. I'll sell it when the rise comes back."

He also holds a lot of shares of BYD Electronics. His stock price has dropped so much, and his net worth has also shrunk a lot, and he has lost very little cash.

Si Xiuliang, a Fidelity Investment Group and Hong Kong branch of the United States, watched BYD Electronics' stock price fall to 3.00, and his eyes lit up.

"In the afternoon, start increasing your holdings"

"300 million funds entered the market!"

"Yes, President" everyone waited for a whole morning, and finally waited until the stock price fell to 3.00.

The market will be opened soon in the afternoon.

Fidelity Investment Group in the United States has begun to increase its holdings in BYD Electronics Group at 3.00.

Several traders kept buying.

The stock price started to rise from 3.00.

Because HSBC International Trust and Golden Dragon Fund have stopped selling, the sales in the market have decreased.

The stock price quickly rose to 4.00.

Wang Guanxi was very excited when she saw this scene.

He knew that Fidelity Investment Group in the United States had taken action to increase its holdings.

"Continue to increase your holdings and raise the stock price!"

"The stock price has reached 6.00, and I will short it again!"

Wang Guanxi plans to continue shorting the shares of BYD Electronics Group!

The Fidelity Investment Group of the United States has increased its holdings separately, and every time it increases its holdings, its stock price will rise sharply, and Wang Guanxi can take the opportunity to short it at a high level.

Thinking of this, Wang Guanxi was very excited.

The stock price then continued to rise, but when it rose to 4.8, the stock price was sold off by HSBC International Trust and fell to 4.00 again.

The US Fidelity Investment Group stabilized its stock price at 4.00 until the closing.

Wang Guanxi was a little regretful.

"It seems that it will take tomorrow or the day after tomorrow when the stock price rises to 6.00."

At this time, the phone rang and it turned out that it was Wu Zhanhai who called.

Wang Guanxi connects.

"Mr. Wu, what's the matter?"
Chapter completed!
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