Chapter 356: Buy Again
Li Xin, who had already sold hundreds of thousands of shares, realized that something was wrong and immediately stopped.
More than ten minutes later, the share price of Western Copper was pulled up by a huge buying order, rising by more than 3%!
At the same time, some other resource stocks have rebounded from the bottom, led by Western Copper, and the decline of the index has narrowed to more than 70 points.
The most important thing is that in this short period of more than 20 minutes, the trading volume of Western Copper has reached more than half of yesterday's whole day, which is obviously a trend of price appreciation and volume increase.
Long Yunkai also noticed that something was wrong, and stopped his hand and said: "I just sold it and it went up, is this playing tricks on me?"
Li Xin said to himself: "This can't be a short trap, right? If that's the case, we'll all fall into it! I sold almost all of them yesterday and today at the lowest point, but now I see that the stock of Western Copper is very strong at a low level, and I can't go down!"
Wang Minghui said: "There can only be one bearish trap, how can there be one after another? Yesterday it fell by more than 280 points, and today it fell by 190 points, it cannot be the kind of situation you said. I think it's a return to the light, the market is so sluggish, so many stocks don't move on the falling limit, and it is difficult for it to rise. This may be the same as yesterday's trend, the opening first hit down, and then pull up in the middle, if you don't sell, it will fall again in the morning close. ”
Li Xin thought about it carefully: "No, it's not normal to be pulled up repeatedly! According to yesterday's trend, it is normal for it to fall today, but Western Copper is now pulling up higher than yesterday's closing price, this situation has appeared twice, and the trading volume continues to expand." If there is no today's wave up, the wave that went in to buy the bottom was set at the close of yesterday morning, and it was relatively deep, and the over-the-counter funds in this situation could not be seen. But today's low is lower than yesterday's, and the second wave of bottom-buying funds has gone in one after another, and there have been such turbulent bargain buying for two consecutive days, there is a mystery in this!"
Wang Minghui asked, "Then what do you mean?"
Li Xin said: "I have to wait and see, I can't sell it anymore." I now feel that Western Copper rose before the market and fell after the market, and is obviously the leader of the market. ”
Wang Minghui said: "How much did you sell?"
Li Xin said: "About one-eighth." ”
Wang Minghui saw that Long Yunkai was listening to it and didn't squeak, so he asked: "Mr. Long, what do you think?" He was also afraid that the kind of situation Li Xin said would occur, the stocks he sold yesterday had fallen again today, and if he picked it up now, he could make a lot of difference. But what if Li Xin's estimation was wrong? Wouldn't it have just come out of the tiger's mouth and entered the wolf's den.
Long Yunkai said: "I can't see for sure, such a big fluctuation, if you don't step on the rhythm, it is possible to lose one or two dollars per share in and out, I will come out and wait for two days before talking." ”
Wang Minghui said: "That's right, as the saying goes, a gentleman doesn't stand under a dangerous wall, and if you dodge this while, you will have low-cost chips in the future." ”
Li Xin knew that Wang Minghui was saying a wise saying, and it was the safest choice to wait and see at such a time.
But today's trend of the western copper industry is too conspicuous, he remembers very clearly, after the first two interest rate hikes, the first fall and then the rise, almost all of them are led by bank stocks.
But today, judging from the volume and growth rate, Western Copper is undoubtedly the leader of the resource sector, and among all the sectors, the resource sector is the most eye-catching today.
In other words, Western Copper seems to have become a leading stock in the stock market.
This is Li Xin's intuition, but he still doesn't dare to make a decision, and the situation of falling again before 11 o'clock yesterday morning is still vivid.
But in any case, the strong buying at the low level still discouraged him from continuing to ship.
Long Yunkai said: "What Lao Wang said makes sense, come out first and take a look, the stock market will definitely fall, after a week or two, at least it will not be a problem to pick up the chips at the original price, and maybe it can also greatly spread the cost." ”
Li Xin saw that he was so confident, so he asked, "Mr. Long, why do you say that?"
Long Yunkai leaned back in the chair, crossed Erlang's legs and said, "Let's just say that there have been two interest rate hikes in a row in a few months, and the intention is to cool down the stock market, which is correct, right?"
Li Xin nodded: "That's for sure." ”
Long Yunkai continued: "Let's ignore the thoughts and intentions of others, let's just say that after the interest rate hike comes out, it makes sense for bank stocks to rise, but it doesn't make sense for other stocks to rise." I have experienced in the steel mills that which company and which factory do not have a few bank loans? This interest rate hike will increase the production cost. The monthly interest paid to the bank in my factory is a lot more out of thin air. In this context, corporate profits have a tendency to decrease, how can the market go up. ”
Of course, Li Xin is very clear about the impact of interest rate hikes on the stock market, but Li Xin, who Long Yunkai got from the real economy, did not, such reasons are more straightforward and convincing, and Li Xin couldn't help but doubt his judgment again after listening to it.
While a few people were discussing, Western Copper's stock was rising. It was less than half past ten, and the stock price had risen by more than 6%, and at this time, the stock market as a whole had not yet turned red.
If it is only the western copper industry at this time, Li Xin may consider whether yesterday's scene has been staged again, and he should reduce his position at high prices.
However, the actual situation is that the stocks in the resource sector have risen as a whole under the leadership of Western Copper, and there are more than a dozen stocks that have been pulled up from the fall limit and are now turning red.
He didn't believe that would be a reversal.
"I'm going to buy it back! If I don't do it again, I'm afraid it will be up and down in the afternoon." Li Xin said.
"Buy it back, won't you!" Wang Minghui was a little incredulous.
Seeing that Li Xin had already started to operate on the computer, Wang Minghui walked next to Li Xin to watch Li Xin operate.
"You sold at the lowest price yesterday and today, and now you are chasing high and buying back, how much do you lose by entering and exiting?" he asked.
Li Xin said: "Where can I take care of those when I grab chips." ”
Wang Minghui asked, "Then how many shares have you sold in total?"
Li Xin said: "About 8.9 million shares. ”
Wang Minghui was stunned: "Wow! This is only 1/8 of your total amount? You bought so much! Then wouldn't you lose two or three million yuan if you toss back and forth like this?" He originally thought that the total number of shares held by Li Xin was only a few hundred thousand shares, but he did not expect that Li Xin would buy at least a few million shares, which was more than ten times the number he estimated.
When Long Yunkai heard Wang Minghui's words, he also came over and stood behind Li Xin to watch him operate: "Li Xin, you have gambled a little big, you can buy millions of shares for one stock, do you buy other stocks?"
Li Xin said: "No, just this one." ”
Long Yunkai said, "Are you still going to buy back the ones you sold?"
Li Xin said while operating: "The big heads are inside, these are just a fraction, and it doesn't make much sense to stay outside." Since you are optimistic about it, make a big one. It's a big deal, and I don't believe it's going to fall back to my cost price. ”
Long Yunkai and Wang Minghui saw that Li Xin didn't listen to persuasion, so they didn't say anything anymore and sat back in front of their computers to watch the market.
Li Xin chased the price regardless of the cost, and after more than 20 minutes, he finally made up all the positions that had been lost. By noon, Western Copper's share price was up 8.3 percent, and yesterday's scene did not occur.
Li Xin was worried that he would be influenced by Wang Minghui and Long Yingkai, so he didn't go out to lunch with them, but went back to the company.
In fact, even if Li Xin returned to the company, he was still worried about the trend of Western Copper. As soon as the market opened in the afternoon, he stared at the plate closely.
This afternoon's move can be said to be very important, if it closes sharply higher, then yesterday's decline will be undermined, and it will instead signal a bullish outlook. But if it falls like yesterday, the two consecutive big black candles will be like a dark cloud covering the top, so that the funds that buy the bottom will no longer dare to enter, and tomorrow will definitely plummet.
The market trend did not disappoint him, and only 5 minutes after the opening, the share price of Western Copper was pulled to the price limit, closing at 27.53 yuan, and releasing a historical amount.
The market has already turned red at this time, not only recovering the decline of more than 190 points in the morning, but also rising 45 points at the moment.
Li Xin suddenly understood that from the beginning of the first interest rate hike to the present, there have been three negative news, but in the eyes of the funds eyeing the counter, every time the market gaps and opens low, it is a good opportunity to collect low-priced chips.
The surging over-the-counter funds dare to take over at this time, and the upside in their eyes is by no means limited to three or four hundred points.
The fact that Western Copper is now the leader of the stock market may seem somewhat unexpected, but when you think about it, it is completely expected.
Although the stock price has risen by more than 200% compared with his cost price at this time, judging from the trend of stock prices in the market, Li Xin found that the reasons why he was optimistic about this stock at the beginning have just begun to ferment.
He was secretly glad that he had made a quick decision in the morning and did not hesitate, otherwise, he might not be able to recover the chips he had lost now.
Remembering what he said to Chen Hai and Xia Xiaona yesterday, he quickly picked up the phone and called Chen Hai: "Have you sold your shares?"
Chen Hai said: "I didn't sell it on the down limit yesterday, and today it was a down limit when it opened, I was not willing to sell, I think it has risen a little bit now, what should I do?"
Li Xin said: "It's just right that it didn't sell, I just told you not to sell it now, keep it for a while, I guess it will go up." ”
Chen Hai asked: "When is it more appropriate to sell it?"
Li Xin said: "I can't say for sure, I don't know about the stocks you bought, I mean that the market will go up, and your stocks should also rise, as for how much it will rise before selling, you can do it yourself, anyway, don't sell it now." ”
Chen Hai said: "I think so, I still lose a lot of money when I sell it now, at least wait until I make money, right?"