Following Su Yi's sweep buying.
On the market, 'Qianzhou Maotai', which had been rapidly declining along with the broader market, instantly stopped falling and began to show a trend of rising against the market with increased volume.
At the same time, other main-line stocks that the entire 'Huayi Expedition No. 1' fund product planned to focus on building positions in.
Such as 'Wuliangye', 'Luzhou Laojiao', 'Jincheng Fenjiu', 'Conch Cement', 'Oriental Yuhong', 'Tianqi Lithium', 'Ganfeng Lithium' and other stocks, their trading boards also showed continuous massive buying.
Under Su Yi's instructions, all traders bought aggressively against the continuous sell orders, furiously accumulating chips.
At 2:05 PM, the Shanghai Composite Index plummeted over 5%, breaking through the 2700-point mark, with over 800 stocks hitting their daily limit across both markets.
However, at this time, 'Qianzhou Maotai', a core blue-chip stock, rebounded by over 3 percentage points against the trend, returning to within a 2% decline, despite a midday low of a 4.76% plunge.
In the same period, several leading stocks in the 'Baijiu' sector were all rising against the market trend.
At 2:23 PM, as the Shanghai Composite Index plummeted over 6% and a thousand stocks once again hit their daily limit across both markets.
'Qianzhou Maotai' successfully turned positive against the trend, with a continuous surge in volume exceeding 300 million in half an hour, leading the 'Baijiu' sector's index decline to contract to within 1.5%, making it the conceptual sector with the highest net inflow of large capital in both markets during the last half-hour.
At 2:31 PM, 'Qianzhou Maotai' rose over 1% against the trend, with its stock price once again approaching the 200 yuan mark.
At 2:42 PM, 'Qianzhou Maotai' continued to rise, with its intraday gain breaking 3% and its stock price returning to the 200 yuan mark.
At the same time, 'Wuliangye', 'Luzhou Laojiao', and 'Jincheng Fenjiu', several first-tier Baijiu stocks, all turned positive and rose, and other Baijiu brand stocks also followed suit, quickly narrowing their intraday declines.
At this moment...
As 'Qianzhou Maotai' surged nearly 10% in just one hour, successfully breaking out and topping the A50 index stock gainers list.
Across the entire market, a group of core industry investment institutions, as well as many individual investors.
Finally noticed the unusual movement of this blue-chip stock.
"What the hell, what's going on with 'Qianzhou Maotai'? Such a fierce surge against the trend?"
As more and more investors turned their attention to 'Qianzhou Maotai' and the 'Baijiu' sector, inside Modu's 'Huarui Fund Management Company', in the trading department of the 'Huarui Top-Performing Growth No. 1' fund product, Jia Yongxiang, as the team leader of this fund product's trading group, noticed the trend of 'Qianzhou Maotai' and was visibly startled.
"What's wrong?"
Fund manager Song Shaopu heard Jia Yongxiang's exclamation and quickly asked.
Jia Yongxiang's gaze remained fixed on the stock price changes and market trend of 'Qianzhou Maotai'.
He replied,
"The trend of 'Qianzhou Maotai' and its 'Baijiu' sector is clearly abnormal. From the market trend, large funds intervening in 'Qianzhou Maotai' and the 'Baijiu' sector are aggressively accumulating chips against the trend. I wonder if there are any potential positive developments in this sector or the 'Baijiu' industry."
Song Shaopu heard this, quickly turned his gaze to the market trend of 'Qianzhou Maotai' and exclaimed,
"This unusual movement... it's quite frightening. The intraday volume continues to surge, and the stock price is climbing steadily against the trend. It really looks like large funds are rushing to accumulate chips, driven by positive news."
"Then do we... need to follow up?"
Jia Yongxiang asked.
Song Shaopu thought for a moment and said,
"Wait a bit, I'll ask the company's strategy research department if there's any potential clear positive industry news."
Saying that, he immediately dialed the company's strategy research department.
Then, a minute later, he hung up the phone, but couldn't help but frown, saying,
"According to the company's channel intelligence, no clear positive industry news has been found. This unusual movement in the 'Baijiu' sector on the afternoon trading board is too strange, isn't it?"
"No unusual movements on the news front?"
Hearing this, Jia Yongxiang was also visibly surprised.
Song Shaopu shook his head and said,
"Indeed, there are no unusual movements on the news front. Moreover... I noticed that on the market, besides 'Qianzhou Maotai', 'Wuliangye', 'Luzhou Laojiao', 'Jincheng Fenjiu'... these leading stocks in the Baijiu industry showing unusual movements, other Baijiu sector stocks do not show very obvious unusual movements.
Also, in the entire 'big consumption' main-line sector, other consumer stocks' unusual movements are not obvious. This indicates that the funds aggressively accumulating 'Qianzhou Maotai' chips on the market at this time. Are likely the actions of individual major players.
It also indirectly indicates that the market has not formed a concerted effort in the 'Baijiu' industry sector, the 'big consumption' main-line sector, or even in the direction of going long on the market."
"Yes, I noticed that too."
Jia Yongxiang nodded and said,
"So, according to your opinion, Manager Song... we still need to observe more and shouldn't rush to follow up?"
Song Shaopu replied,
"Let's observe for now. The overall market trend is still very weak. Although there was a surge in selling volume today, the volume is clearly insufficient. Stop-loss orders and margin call liquidations have not been fully cleared out. It's estimated that this is not yet the technical bottom.
In this situation... Without clear major positive news, relying on the actions of one or two independent funds. It is still difficult to create a main market trend or forcefully pull up some key core stocks to induce the market to form a concerted bullish situation.
In other words, without consistent coordination from all market funds. The strengthening of a single sector, or the counter-trend rally of one or a few blue-chip stocks alone, cannot resolve the current market's liquidity dilemma or reverse market investment sentiment.
Moreover, even if this is a relatively bottom range for the market. For large-cap blue-chip stocks like 'Qianzhou Maotai', 'Wuliangye', 'Luzhou Laojiao'... there are many suitable buying points. We absolutely don't need to rush to follow the trend and accumulate chips.
Let's wait and see for more definitive opportunities to bottom-fish and control our fund's net asset value drawdown. That is our most important priority right now. One must know how many market veterans have perished while trying to bottom-fish.
Before the market liquidity crisis is completely resolved and the market's selling momentum is fully released, I think... we should try our best to hold back, watch more, and act less."
"Alright."
Jia Yongxiang nodded, largely agreeing with Song Shaopu's thoughts.
From entering the market in 2005 until now, he has experienced two cycles of bull and bear market transitions.
He knows how severe and abnormal the market trends are during a retreating market, especially during a 'stock market crash'.
So... although he felt that the unusual market movement of 'Qianzhou Maotai' at this time might not be so simple, under the relatively conservative investment and trading strategies of this stage, he still maintained a cautious stance, preferring to wait for an opportunity on the right side before acting.
And there were quite a few institutional asset managers in the industry who shared the same views as the two fund product managers in the 'Huarui Top-Performing Growth No. 1' fund trading department.
After experiencing three consecutive brutal 'stock market crashes'.
At the moment the Shanghai Composite Index fell through the 2700-point mark without resistance, most investors had already lost their nerve.
Before the market issued a clear signal to stop falling, or before there was significant positive news, people would not easily enter the market with real money to bottom-fish on a large scale.
This is also during the continuation of this stock market crash.
The reason why, with the continuous plunge of the index, market turnover has not further expanded.
Due to scarce potential buying, the continuous market plunge also failed to release volume.
However, while many institutions were restrained and indifferent to the unusual movements of core leading stocks in the 'Baijiu' sector and 'lithium battery' sector, in the market, among the highly risk-tolerant 'hot money' group, many well-known 'hot money' players, who are extremely sensitive to market anomalies, clearly showed an intention to enter and trade.
"Huh... the trend of core stocks related to the 'lithium battery' main line is a bit unusual!"
In Yuhang, within the 'Yuhang Faction' main hot money group, Sun Chengyu, who has been continuously active in the market, always paid particular attention to and had a long-term bullish view on the 'new energy industry chain' main line and the 'lithium battery' sector, exclaimed in surprise.
"It's not just the core stocks in the 'lithium battery' main line showing unusual movements," Zhao Qiang in the group instantly interjected,
"The 'Baijiu' sector in the 'big consumption' main line, especially 'Qianzhou Maotai', 'Wuliangye', 'Luzhou Laojiao', 'Jincheng Fenjiu'... these first-tier Baijiu brand stocks, as well as some leading stocks in the 'real estate' main line, all have relatively obvious unusual market movements, indicating a bit of a counter-trend strengthening."
"The strengthening of blue-chip main sectors is not within our trading model targets, so we don't need to pay too much attention to them,"
Sun Chengyu said.
"Speaking only of the 'lithium battery' main line, the trends of several leading stocks clearly show signs of unusual reversal, with major funds obviously continuously accumulating chips and trading. It feels like they have bottomed out."
"Sun Ge, do you think the funds primarily attacking these blue-chip leading stocks at the end of the trading day... could it be the 'national team'?"
Sun Chengyu replied,
"Hard to say. Throughout this 'stock market crash', the 'national team' doesn't seem to have openly supported the market much. I don't know if it's because their positions are too heavy or for some other reason. At least the 'big finance' sector, which is the 'national team's' heavily weighted core main line, hasn't fallen any less this round."
"In a situation where everything falls together, even market support can hardly form a concerted market effort,"
Zhao Qiang said.
"I think the 'national team' has clearly become smarter this time. They know that when a flood comes, it's better to guide it than to block it. By guiding sentiment through news, while appropriately stabilizing the market to prevent systemic financial risks, and allowing short sellers to gradually vent and fully release selling momentum, it might actually be more beneficial for a subsequent market rebound."
"So... it's unlikely that the current funds supporting the market are the 'national team'?"
"Absolutely not the 'national team',"
Zhao Qiang replied.
"Then who would be increasing positions so massively against the trend?"
Other hot money investors in the group couldn't help but ask curiously.
Sun Chengyu said,
"No matter who it is, this indicates that with the market having fallen to this level, some core leading stocks on the main lines with strong expectations and very high future performance growth potential are clearly starting to offer good value for intervention, and it's worth our while to intervene on the left side and gain an early advantage."
"But market panic is still very serious,"
someone said.
"When we trade, we cannot be led by emotions,"
Sun Chengyu emphasized.
"Instead, we must anticipate the evolution of sentiment and actively guide it with our funds. Only then can one be a qualified trader, and only then can we appropriately earn excess returns from the market."
"Sun Ge... are you planning to enter the market?"
Zhao Qiang quickly asked.
Sun Chengyu replied,
"That's my plan. I'll first build an initial position to test the waters. The broader market has fallen almost 1000 points from 3600. This round of stock market crash, whether from a time or space perspective, should be nearing its end.
At least today's massive and aggressive chip accumulation by major funds on the market, actively guiding sentiment, should indicate that the current value-for-money of quality chips in the market has reached a point where all types of funds are tempted."
Saying that, Sun Chengyu didn't wait for responses from the group.
His gaze quickly shifted to the trading boards of both markets, and he began to use the funds in his account to follow the major funds that had just aggressively absorbed selling and pulled up various core main-line leading stocks against the trend.
He quickly followed up with positions in leading stocks on the 'lithium battery' main line, particularly in stocks like 'Tianqi Lithium', 'Ganfeng Lithium', and 'Dofodo'.
As he rapidly bought in...
Zhao Qiang, who had always had some linkage with him in the market, pondered carefully for a while and also gradually bottom-fished and bought his favored stock chips using his trading account and funds.
Following the market entry of these few smart hot money players.
And some other follow-up bottom-fishing orders, as well as bullish sentiment, somewhat stimulated by Su Yi.
In the final fifteen minutes of the trading day, the market began to gradually rebound, ushering in a brief corrective trend.
Finally, when the market closed at 3:00 PM.
The Shanghai Composite Index closed at a 5.23% decline, still breaking through the 2700-point mark.
However, it did not cause a situation of 'a thousand stocks hitting the daily limit' with a complete lack of market liquidity and total emotional collapse.
Moreover, the volume at the end of the trading day clearly increased, causing the market to gradually show relatively strong support in this bottom range.
After the market closed in both cities...
Su Yi counted the intraday purchase volume of the 'Huayi Expedition No. 1' fund product.
It was seen that through the efforts of the traders and himself, the fund bought in a total of over 1.5 billion yuan of capital through the first batch of core stock position building, totaling initial positions in 20 stocks.
Among them, the intraday position building scale for 'Qianzhou Maotai' alone reached 150 million yuan.
Of course, for the 150 million yuan position size in 'Qianzhou Maotai' stock.
Su Yi was far from satisfied.
Compared to the 'Qianzhou Maotai' he remembered from later generations, with stock prices often reaching thousands of yuan and market capitalization in the trillions, 'Qianzhou Maotai' at this time was outrageously cheap.
As a core blue-chip stock in both markets that is unavoidable in long-term logic.
His ultimate goal was to increase the position in this stock to the fund's single-stock holding limit, which is a position size of 4 billion yuan.
Compared to the target position building task of 4 billion yuan, the current holdings are truly insignificant.
Therefore, he next...
Will continue to massively buy chips of this stock, and will quickly complete the 4 billion yuan position building task before other institutional investors in the market react.
With this goal, in the next few trading days.
Su Yi completely disregarded the trend of the broader market index and continuously swept up 'Qianzhou Maotai' stock chips against the trend.
This caused the stock to continue to surge by nearly 10% against the trend over the next four consecutive trading days, while the Shanghai Composite Index continued to hit new lows and gradually touched the 2650-point level.
And 'Qianzhou Maotai''s sustained surge in volume against the trend for several consecutive days.
This time, finally, those hesitant industry institutions were clearly tempted and gradually joined the ranks of follow-up chip accumulators, becoming follow-up buyers in Su Yi's large-scale position building plan.
(End of chapter)