"364.13!"

Seeing the red numbers on the electronic screen, Aunt Fairy rubbed her eyes, thinking that there was something wrong with her vision, or... was this an illusion?

I took another closer look and found that it was indeed correct. Pick 3... and now it has jumped to 403 yuan. Is there any mistake? Just one night, the stock price of Hao Miaomiao rose from 10 yuan to more than 400 yuan? Is it possible?

Maybe the electronic screen is broken? Or is there an extra zero added? But even if an extra zero is added, it’s still more than 40 yuan? Has the Goddess of Mercy really appeared?

Aunt Fairy's expression changed. She no longer knew what expression to use. She didn't know whether to cry or laugh.

However, Fairy Auntie didn’t know that many institutions and retail investors in Hong Kong were in chaos, and even the Hong Kong Stock Exchange was in chaos, thinking that there was a technical error in Hao Miaomiao’s stock price. They urgently stopped trading, and the stock price temporarily

Maintained at the price of HK$403...

Suddenly, the technical staff of the Hong Kong Stock Exchange were busy and sweating profusely. However, after more than ten minutes of inspection, it was found that there were no errors in the trading system? There were no illegal malicious transactions?

This proves... that something big has happened!

But rules are rules. Since there are no technical problems, normal trading must resume. When the technical staff of the Hong Kong Stock Exchange pressed the keyboard, he smiled and shook his head and said: "There is a good show to watch, someone will definitely jump off the building."

!”

…

Here, we need to explain:

Generally speaking, even if there is some good news, the stock price will not suddenly rise dozens of times, at least it will rise little by little, right?

The reason why such a strange situation occurs is because - there is an excessive amount of short selling!

The trading rules of short selling futures orders will not be introduced in detail here. Those who are interested can learn about it by themselves. However, to complete the transaction of short selling futures orders, there must be a "closing position" step at the end. In other words, you must

Buy circulating stocks from the market and close the short-selling futures position in your hand. The price difference obtained is the profit.

It should be said that generally this will not cause any problems. However, the current situation is very unusual, and there is a strange thing like Hao Miaomiao - Hao Miaomiao's equity is quite concentrated. Coupled with several repeated shocks, the market is basically

Not enough shares outstanding!

Do you understand what this means?

If there are 10,000 short-selling shares in the market, but there are only 9,000 shares in circulation, and you want to close the position, you can only buy it with the highest price! Then use a high price to attract 1,000 shares in circulation, and finally both parties close their positions.

But now Hao Miaomiao is no longer like this. It’s like short selling 10,000 shares, but there are only 1,000 shares in circulation outside? If you want to close the position, you can only attract 9,000 shares in circulation at a high price? What makes people vomit blood is,

The remaining tradable shares are in the hands of major shareholders such as Rongguang, SAIC and the Hong Kong Monetary Authority. No matter what high price you offer, they just won't sell?

As a result, the stock price skyrocketed with no end in sight!

There is a saying that special situations like this have only existed in theory in the past and will never appear in reality.

However, the interesting thing is that reality is often stranger than theory. Anyway, this is the case now. Who are you going to talk to for explanation?

This is like a certain oil futures in the future. A large amount of short selling in a short period of time caused the price of oil futures to actually become a negative number. You will be given money to buy a barrel of oil? Is it strange? Is it absurd? Isn’t it absurd?

Didn't it happen again? How many people in China had their positions liquidated? In the end, they even got into a big fight with a certain bank?

Therefore, futures are risky, and leverage is even more risky! Never underestimate the extent of human beings!

…

Returning to the stock exchange, Auntie Fairy stared at the stock prices on the electronic screen. There was no change for more than ten minutes. She became more and more suspicious, was the system broken? However, other stocks were all gone.

It's a normal ups and downs. Is it just like a stock that has a problem?

Just when the fairy aunt was puzzled, the numbers on the electronic screen suddenly jumped. The stock price dropped sharply to below 400 Hong Kong dollars and jumped to 391 Hong Kong dollars. Then it fell rapidly and fell below the 350 Hong Kong dollar mark.

It has dropped to around HK$324.

The suspension of trading for more than ten minutes also gave many people some misunderstandings.

On the one hand, the stock price is too exaggerated. A small number of investors who still hold good Miaomiao tradable shares will sell out their stocks without hesitation. No matter what the problem is, it is better to settle down first.

And such behavior also squeezes out the last vestige of potential of circulating stocks.

On the other hand, because the stock price is too exaggerated, many people have once again short-sold Hao Miao Miao's stock in large sums. Hasn't it been sideways for more than ten minutes? It means that the stock price has risen to the limit! It should be big soon.

magnitude of decline.

It's a good opportunity to pick up a wallet. If you don't pick it up, you'd be a fool!

However, when a certain limit is reached, the circulating stocks in the market finally dry up, and there are no more stocks to close the position.

So amid a burst of exclamations, Hao Miaomiao made an astonishing rebound, jumping more than 100 yuan again, and the stock price reached 447 Hong Kong dollars...

By the time the market closed at noon, the stock price had already reached the HK$500 mark.

Auntie Fairy was already dumbfounded. The stock investors around her were even whispering:

"I wonder who could be so lucky as to get a stock like Hao Miao Miao? The trading was suspended for one day and he immediately became rich."

"You still don't know? Hao Miaomiao's latest announcement, they have launched the latest model of mobile phone?"

"Mobile phone? Doesn't Miaomiao do animation?"

"What year are you from, Lao Huangli? Hao Miaomiao's high-tech products are very powerful. They used to produce robots!"

"Robot? Is there any mistake? Isn't their boss a celebrity? He also knows high technology?"

"Anyone who sells plastic flowers can become a real estate king. Why can't celebrities do high technology?"

"That's right! Haha."

"..."

As they were talking, there was a sudden "bang" outside, which startled everyone. Someone screamed: "Call the police! Someone jumped off the building!"

Hao Miaomiao's abnormal surge finally caused many short-selling institutions and retail investors to liquidate their positions. Some people went bankrupt on the spot, and they chose to fall into freefall...

Auntie Fairy had already looked dull. In just one lunch break, there had been three jumping incidents nearby. Sirens were heard on the streets, news programs were constantly reporting, and the whole of Hong Kong had already become chaotic. All because of the stock price of Hao Miao Miao.

Skyrocketing?

However, no matter how chaotic it is, the stock market still has to open on time in the afternoon.

As soon as the market opened, Hao Miaomiao's stock price suddenly jumped to over HK$600!

Then there was no looking back, 700, 800, 900... Less than half an hour after the market opened in the afternoon, the stock price broke through the thousand yuan mark and reached 1,062 Hong Kong dollars!
Chapter completed!