The world's richest man: I am a stock god
Chapter 1118 How desperate must they be?
Li Jin nodded, agreeing with Wei Yan's judgment.
Indeed, if Wei Yan couldn't even see this, then it would have been in vain for him to have been with him for so long.
"The market opened at 2653 points today. After the flight of institutional funds and the attack of Wall Street capital, it once fell to 2400 points."
"But now the rise of the communications and energy sectors has caused the market to hover back and forth near the 2410 point."
"The competition between the short and long sides for the 2400 support point is extremely fierce."
When Wei Yan said this, he stared at the market and frowned and said: "But I always feel that this is just the relative calm before the storm. Wall Street capital definitely has the strength to break through the 2400-point support point in one go, but they don't know why they didn't do it."
"They are fishing." Li Jin said.
As soon as these words came out, Wei Yan was shocked.
But Li Jin didn't explain any more, because the market had changed at this time.
The market points, which were originally fluctuating at 2410 points, suddenly took a sharp turn. Not only did they break through the 2400 point support level in one breath, they even plummeted by 30 points in a row, reaching around 2370 points.
"It's the energy sector. There's something wrong with the energy sector!"
Wei Yan shouted, and the trading status of the energy sector was immediately displayed on the screen.
Originally, due to the public announcement of the listing of PetroChina and Sinopec, stimulated by this major positive, the energy sector became one of the few rising sectors in the market, fueled by numerous safe-haven funds.
But at this time, several leading stocks in the energy sector suddenly announced major negative news.
When the chairman resigns, when senior executives resign en masse, when a business suffers a major loss, they are all announced together as if they had been scheduled.
And after each announcement, there is a notice that it will apply for a trading suspension, and there is no silver 300 taels in this place.
Looking at the stock price that went from rising to falling, Wei Yan was so angry that he almost spit out a mouthful of blood.
“What are these companies doing?”
"They're scared."
Li Jin frowned and said: "What is pushing their stock prices up now are almost all safe-haven funds in the market. These funds are not actually buying their stocks, but are waiting for PetroChina and Sinopec to ride on the east wind after they go public."
"So, these companies simply issued a few negative announcements together, and even staged the resignation of the chairman. It shows that they are really afraid."
"Once Wall Street capital succeeds in fishing, or if PetroChina and Sinopec go public, their stock prices will fluctuate violently."
"Instead of letting others manipulate them at that time, it is better to take advantage of the fact that the initiative of the stock price is still in their own hands, fall first, and then look at the situation. This is the best solution to protect themselves wisely."
Wei Yan gritted his teeth and said, "But this will increase the risk of market collapse."
"Risks are always there, it depends on what Wall Street capital does." Li Jin said.
The 2400-point support point fell within half an hour of the CSRC’s announcement. This was a huge blow to the domestic stock market.
Market confidence is on the verge of collapse, and this juncture is the opportunity that Wall Street capital longs for!
The sudden self-destruction of several leading listed companies in the energy sector is like a dramatic turn on a stage that was originally staged for a counterattack.
This turning point makes the future direction of China's stock market, which is already unclear, even more confusing.
Faced with this sudden surprise, the biggest surprise was Wall Street capital.
When Soros saw the sharp turn for the worse, he burst into laughter.
"Hahaha, these Chinese people are really good at fighting among themselves, and they have given us a God-given opportunity."
After Soros smiled, he immediately gave the order.
"Go all out to short the energy sector, and don't let go of the financial sector. Before the market closes this morning, China time, I want to see these two sectors fall 400 points."
Funds from Wall Street capital poured in instantly.
No matter how complex and brilliant the strategy is, facing the absolute financial advantage at this moment, there are no skills or methods at all. All that is left is to watch the stock price fall again and again.
Short selling in the stock index market directly affects the entire stock market. A large number of selling orders densely fill the trading column of the electronic screen, with only selling orders and no buying orders.
There is only one outcome for such a market, it will fall to the limit!
The 10% limit seems like a lot, a full tenth of the market value, but under this level of financial attack, it only takes a few breaths to reach it.
80% of the stocks of listed companies have seen their trading charts plummet. Not to mention the still young Chinese stock market, even the global stock market has never seen such an exaggerated precedent.
Soros is very satisfied with the tragedy in China's domestic stock market.
He looked with relief at the tragic situation he had created on the electronic screen. He couldn't help turning his head and smiling at Rogers beside him: "Old man, how desperate do you think those Chinese people will be now?"
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