Chapter 122 122 Stock price plummeted, Wang Guanxi closed his position crazy

  The next day, June 16, Monday.

  The stock market opens.

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

  The stock price started to fall from the 6.00 position.

   fell quickly.

  HSBC International Trust, Golden Dragon Fund sold quite a lot at one time, and the buying in the market simply couldn't take it.

   Soon the stock price fell to the 5.00 position.

  Wang Guan Xile is broken.

  Because the account has a floating profit of 56 million Hong Kong dollars.

"The share price of BYD Electronics also fell to the 5.00 position last time, and then the American Fidelity Investment Group took the opportunity to increase its holdings. This time it fell back to the 5.00 position. I don’t know if the American Fidelity Investment Group will increase again in this position Hold it?"

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

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

  Wang Guanxi wondered whether to close the position here. After all, there was so much money floating in the account.

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

continue waiting.

  The stock price soon fell to the 5.01 position. A few minutes later, the stock fell below the 5.00 position.

   Obviously, the US Fidelity Investment Group did not make a move.

   Twenty minutes later, the stock price fell to 4.3.

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

  In case the American Fidelity Investment Group makes another move to increase its holdings, then the stock price will be pulled up again, and his profits will be lost a lot by then.

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

  Wang Guanxi stared at the stock price chart intently, without letting go for a moment.

  Should the American Fidelity Investment Group suddenly buy a large sum of money, the stock price must have skyrocketed, and he will lose a lot of profits, so he has to rush to flatten the short position of 14 million shares before the American Fidelity Investment Group increases its holdings.

  ··

  At this moment, Si Xiuliang of the American Fidelity Investment Group, Hong Kong branch, ordered: "When the stock price drops to 3.00, use 300 million funds to increase my holdings."

  They are long-term investments, value investments.

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

  They increased their holdings at 10.00 before, and they could only buy 10 million shares at a cost of 100 million Hong Kong dollars.

  In the position of 5.00, I have increased my holdings again, and I can only buy 20 million shares at a cost of 100 million Hong Kong dollars.

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

  He thinks the position of 3.00 is a good opportunity to increase holdings, and the cost of 60 million Hong Kong dollars can buy 20 million shares.

  Of course, this is only a mathematical calculation. Actually, when they buy, the stock price will rise and the cost will rise.

  Let the bears toss and let HSBC International Trust sell.

  "Yes, President" traders are also very excited.

  ··

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

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

Selling 1 million shares at   4.00 means cashing out 4 million Hong Kong dollars, but at 8.00, cashing out 1 million shares means cashing out 8 million shares.

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

  "Yes, President Jiang"

  Then the stock price fell to 4.00,

   And Wang Guanxi immediately began to liquidate his position.

  Short 14 million, and when the position is closed, it is equivalent to buying 14 million shares in the market.

  500,000 shares!

  500,000 shares!

  500,000 shares!

  ····

  As for HSBC International, Golden Dragon Fund is still slowly selling, but the stock price is too low, and the number of stocks they can cash out at one time is not large.

  However, because of the crazy liquidation of short-side Wang Guanxi, the market was flooded with buying orders, which made the stock price turn up.

   quickly rushed from the 4.00 position to the 6.00 position.

  The closing of 14 million short positions was completed, and the average closing price was around 4.98. One share earned 4.02 yuan and a total of 56.28 million Hong Kong dollars.

   After deducting the handling fee and interest, Wang Guanxi made 56.1 million Hong Kong dollars this time and transferred 100,000 Hong Kong dollars to his bank account.

  And the account value of Fund 1 is as high as HK$186 million.

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

  Now the three financial institutions have once again lost a lot of money.

  HSBC International, Golden Dragon Fund saw the stock price rise to the 6.00 position and believed that the US Fidelity Investment Group made the move, so they increased the selling!

  1 million shares!

  1 million shares!

  1 million shares!

  ···

  The stock price suddenly turned around and plummeted!

  There are not so many buying orders in the market, causing the stock price to plummet!

  When the market closed in the morning, it plummeted to the 3.00 position!

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

   didn't expect the stock price to fall so fast, falling to 3.00 position, selling 1 million shares, only 3 million Hong Kong dollars in cash, he felt it was not worth it.

  Golden Dragon Fund, Zhong Hewu: "It's too low, I will sell it again when the price rises back."

  He also holds a lot of BYD Electronics stocks, the stock price has fallen so much, his worth has also shrunk a lot, and the cash cash out is also very small.

  American Fidelity Investment Group, Hong Kong branch, Si Xiuliang watched BYD Electronics’ stock price drop to 3.00 and his eyes lit up.

  "In the afternoon, let’s start to increase holdings"

  "300 million funds are coming in!"

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

  Quick afternoon trading, opening.

  The American Fidelity Investment Group has begun to increase its holdings of BYD Electronics Group’s shares at the 3.00 position.

  Several traders kept buying.

  The stock price started to rise from the 3.00 position.

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

  The stock price quickly rose to 4.00.

  Wang Guanxi was very excited when he saw this scene.

  He knew that the American Fidelity Investment Group had increased its holdings.

   "Continue to increase holdings and pull up the stock price!"

   "The stock price rushes to the 6.00 position, I will go short again!"

  Wang Guanxi intends to continue to short the shares of BYD Electronics Group!

  This American Fidelity Investment Group increases its holdings separately, and every time it increases its holdings, the 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.

  Then the stock price continued to rise, but when it rose to the 4.8 position, the stock was sold by HSBC International Trust Company and fell to the 4.00 position again.

  The US Fidelity Investment Group held its stock price at 4.00 until the close.

  Wang Guanxi is a bit regretful.

  “It seems that it will take tomorrow or the day after tomorrow when the stock price rises to the 6.00 position”

  At this time, the phone rang, and it seemed that Wu Zhanhai was calling.

  Wang Guanxi connected.

   "Mr. Wu, what's the matter?"

  Wu Zhanhai asked on the phone: "Guanxi, are you free to eat tonight?"

  (End of this chapter)