Chapter 306 [Beasts Come Out of the Cage, Big A Trembles]

Over the weekend, the worst bad news hit.

Tiansheng Capital released the self-inspection of the company's stocks and convertible corporate bonds and the announcement of resumption of trading, which contained 11 pages of A4 paper.

The most important of these is a statement about the company's self-inspection.

[In view of the relatively large fluctuations in the company's stock price and convertible bond prices, the company's board of directors has verified the relevant matters of the company, the controlling shareholder and the actual controller. The relevant situation is explained as follows:

(1) There is no information disclosed by the company in the previous period that needs to be corrected or supplemented;

(2) The company has not found any unpublished information recently reported by the public media that may or have had a significant impact on the trading price of the company's stocks and convertible bonds;

(3) There has been no major change in the disclosed operating conditions and internal and external operating environment of the company;

(4) After verification, the controlling shareholder, actual controller, shareholders holding more than 5% of the shares, directors, supervisors, senior management personnel and their immediate family members of the company have not bought or sold the company's stocks and convertible bonds recently;

(5) The company, the controlling shareholder and the actual controller have no major events that should be disclosed but have not been disclosed, or major events that are in the planning stage.

...

At present, the company's relevant self-examination work has been completed. According to the "Shanghai Stock Exchange Listing Rules" and other relevant regulations, the company's stock (stock abbreviation: Tiansheng Holdings, stock code: 603230) has been approved by the company since February 5, 2018 (Monday) Trading resumes from the morning open. Convertible corporate bonds (bond abbreviation: Tiansheng Convertible Bond, bond code: 113035) will resume trading on the morning of February 7, 2018 (Wednesday).

The company's designated media for information disclosure is Securities Times, and all the company's information is subject to the information published in the above designated media. The company will continue to strictly comply with the provisions and requirements of relevant laws and regulations, conscientiously perform its information disclosure obligations, and do a good job in information disclosure in a timely manner.

Investors are advised to pay attention to investment risks and invest rationally.

Special announcement.

Tiansheng Capital Group Co., Ltd. Board of Directors

February 4, 2018]

There is a lot of content. Simply put, there is no problem with the company's operation, and everything is very OK. The problem is not the company, but the secondary market. Thunder.

Bullshit! No!

There is indeed a thunder, which is Saxo's thunder, but not in the company, in your secondary market, not my problem, but your problem. At the same time, I clearly tell you that even if this thunder blows up, it will not hurt the company. As for I don't know if the secondary market can explode.

In short, after the investigation is completed, trading can be resumed, and the date of resumption of trading has also been determined. How you trade in the secondary market is up to you.

However, the underlying stocks and convertible bonds did not resume trading on the same day, but staggered two trading days. Tiansheng Holdings resumed trading next Monday, and Tiansheng Convertible Bonds resumed trading next Wednesday. The reason was also disclosed in the announcement.

Of course, the real purpose of Lu Ming's arrangement is to make the price of convertible bonds return to normal valuations quickly and neatly. To put it vernacularly, when the panic is catalyzed to the peak, the convertible bonds will resume trading and then go straight to boring. Kill them, regardless of whether they are small or large retail investors or hot money, all of them will be killed.

If you don't kill it directly, you may continue to fry it when it is released, because the popularity is too high and the attention is too high.

Directly kill and wear, so that no one dares to reach out, only in this way, a group of people are destined to be suffocated.

And if trading resumes on the same day, the funds withdrawn from the convertible bonds may enter the stock market on the same day. The current theme is a killing word, don’t expect any rebound, although the amount of funds from the convertible bonds has little influence , but staggering is generally the most appropriate way to deal with it.

As soon as the announcement came out, the market was another sleepless night.

"Let's run, don't have any illusions, next week, the big A will be gone! The wild beasts that have been locked for a week are released, and the big A can't stand it."

"In the context of global interest rate hikes, global liquidity has begun to tighten, and Laomei is the leader of this interest rate hike. Last Friday night, the U.S. stock market has crashed, and the external market has collapsed. Big A has always followed suit. Tradition, everyone in the arena will seek more happiness for themselves tomorrow."

"What should come will come after all!"

"Don't come here, don't come here... [covers face]"

"3587 Eating melons who escaped to watch the fun."

"The trend of the main board is really big 'A'. The spires and round bottoms are short and bears are long. It's really like getting out of an 'A' prefix. My scalp is numb."

"See? I'm standing on that spire... [smiling face]"

"Hahaha~~"

...

Finally, the time came to Monday, February 5th, and Tiansheng Holdings was already the No. 1 position in today's top popularity list before the market.

At 9:15, the call auction started, and Tiansheng Holdings was directly pressed to the limit.

Many investors stared at the barrage of the time-sharing interface of Tonghuashun Software.

"I'll wipe, just drop the limit?"

"Is this bidding scary? You can cancel the order before 9:20. Don't the main force want to come out?"

"The beast is out of the cage, big A tremble"

"Snatch away!"

"Stop and let me run first"

"Damn it, it's 9:24, and it's still on the limit-down limit? Do you really want to open the limit-down limit?"

"This Nima... ah this..."

"It's really a one-word board opening, there's nothing left!"

...

The market opened at 9:30, Tiansheng Holdings opened at 22,611.87 yuan, and the selling orders on the limit-down board reached a maddening 50,000 lots. All the investors who watched melon-eaters were stunned for a while. The orders of more than 50,000 lots meant that there were more than 1,150 orders. Billions of dollars are lining up.

Absolutely trampling to escape, and then no one can run away, clearly just don't want people to run away!

Because there are at least 77.5 billion funds on the board, which is an extremely certain real selling pressure, this fund is the funds held by the Saxo platform for forced liquidation of positions and short selling of securities.

"6666 bull pen, one Zhongxin Securities fell in one day, I'm over it!"

"What kind of fall is this?"

"More than 100 billion bills, Nima, see you for a long time, everyone is stupid!"

"Wah, the securities sector is gone, and the entire sector crashed -7% in less than half an hour!"

"My securities ETF mountain top has been quilted for more than four months, and I was three or five points short of getting rid of the quilt. I didn't reduce my position. Now I have been trapped by 25 points. Really, I want to die!"

"Cut it off, Tiansheng Holdings' order volume is estimated to continue to fall by the limit tomorrow, and the brokerage sector can declare the death penalty. Anyway, I don't have any illusions, scumbag!"

"It collapsed too fast, and it was too late to react. The market in the brokerage sector peaked and has fallen by 21 points today. It's only been a week!"

"Kill it for the Lord, how to get up and how to get down!"

"The stock market crash is coming! The stock market crash is coming!"

...

Around 10 o'clock, the securities sector fell to the limit, and the whole army was wiped out.

People who hold securities ETFs always think about safety. ETFs will never fall by the limit, right? Oops, it hit the limit!

In the process of the blood collapse of the securities sector, the super main market entrustment funds rushed into the banking sector and really pulled up, because letting the index freely fall may lead to a situation where there will be more killings and more killings in the city. The main domestic funds have not been touched, otherwise the foreign investment will definitely be a waste of funds, so the second-tier bank stocks will be lifted instead.

In the morning, the six bank stocks rose by the daily limit, but even so, they still could not hold back the panic index of the stock market, which was caused by the falling limit of the brokerage sector.

Then the cyclical sectors such as iron and steel, coal mining and processing, non-ferrous metal smelting, and airport shipping were collectively pulled together, which stabilized the index.

But stabilizing only stabilized the speed of decline. The Shanghai Composite Index still fell sharply by -2.18% today, closing at 3264.25 points after the market, and it even dropped all the way to a new low of 3243 points during the year.

At present, all kinds of funds in the market are very clear that this week is a very critical week for Big A, because as of today, the market has plummeted from a high of 3587 to its current position, with a cumulative decline of -9.59%.

If it is a bull market adjustment, it is time to adjust the range of about 10% to go up. In the process of the previous two bull markets of 6124 and 5178, the adjustment is about 10% and continues to rise.

And if the index breaks, it means the arrival of a reversal. Technical analysis confirms that the uptrend turns to a downtrend, which is fatal.

So how the index goes this week will influence the decisions of countless trend funds.

Many people still have expectations for Big A, but it backfires.

There was bad news in the external markets tonight. The U.S. stock market crashed even more fiercely. The Dow Jones index fell sharply to -6% in late trading, and then fell 1 point to trigger the circuit breaker mechanism. Fortunately, it rebounded quickly and closed down. It narrowed to -4.6%, still a slump.

The external market has further collapsed into this. Domestic investors have no hope for the trend of Big A tomorrow. They just lie down and give up their struggles. There is no suspense that Big A will plummet tomorrow.

Moreover, Tiansheng Holdings' thunder has not been blown up, and I don't know when it will stop falling. When Tiansheng Holdings will stop falling, it is possible for the broader market to stop falling. If you want to be red, don't even think about it.

...