On Wednesday, at 2 p.m., Schmidt Technology released an AI chip.

The stock market was in a hurry, and Wantai instantly rose to the limit, the reason is...... They also have achievements in the field of intelligence.

If Xinghua is to come up with a score of 100 points, the industry generally believes that Wantai has at least 60 or 70 points, and then the limit is up.

The changes in fundamental information make people in the industry feel dazzled, but the data will not deceive.

What Wang Nuo can see is that Quantai Technology directly jumped to 25.50 yuan and closed the daily limit!

Everyone was taken aback.

Blue Sky Fund, Alslen was really stunned, and there was a sentence floating in his mind: "How can there be no shorts?"

"Do you mean...... This range is not yet the time for short selling? Or are those selling orders all scattered together? Impossible!"

"Why is there so much buying at 25.50, it doesn't make sense!"

The people of the Blue Sky Fund felt very stunned, they thought that it would rise, and they also thought that they could pull the price limit on Wednesday, but the instant price jump is really too weird.

According to common sense, it should be a tug-of-war between everyone from 23.18 yuan to 25.50 yuan, and then after the bears meet the position distribution, let go of the Quantai Technology limit by the way, and then build another wave of positions, which is normal.

But obviously, the bears didn't even bubble up, but the tacit bulls cut in from the fundamentals and data at the same time, and with a little effort, they directly pulled to the limit.

Is that a good thing? maybe.

The book profit has increased, but it also means that the short position can be opened at a higher position, which is equivalent to the cost of shorting is reduced.

Wanli Financial Research Institute, including Wang Nuo, everyone also understands this truth.

"Fuck, it's a coincidence, right?" Yao Shuliang opened his mouth wide, and said a little incredulously: "It was a coincidence that the position was opened in the early stage, it was all sold with scattered funds, and now it is very coincidental, and the bulls are pulling up together, which is too much." ”

"The technical side is going to be distorted. Zhou Minghai looked worried.

What will happen when funds manipulate stocks and chips are concentrated in the hands of a few big funds? Of course, they will strangle each other!

Institutions hold shares, and peripheral retail investors enter the market, which is equivalent to a situation where large funds will form a drum and pass flowers.

The real coincidence is that institutions are not omnipotent, if Quantai Technology is speculated, will the institutions withdraw all the funds and let it fall?

There are steps to clear the position of the institution, if you withdraw while speculating, you may find in the end: Hey, after I withdrew, the little scattered people had a lot of fun.

According to the statistics of the World Financial Exchange, 90% of the trading volume of China's stock market is contributed by non-institutional investors, that is, 10% of the trading volume of formally registered institutions, and the rest are operated by retail investors in law.

In other words, in this magical place, as long as retail investors rise up at the same time, institutions have to kneel, and the so-called Chinese aunt crushing financial experts is a living example.

This is very embarrassing, if there is no hidden short, the situation in Thailand is equivalent to a national carnival, institutions are in a state of mutual suspicion when they open positions in the early stage, but when the answer is revealed, they find ...... you're all long.

Institutions speculate on stocks, and retail investors follow up, and the result is that the technical side must be distorted.

"Market psychology. Wang Nuo had this word in his mind.

"These guys are playing big. Yao Shuliang's exclamation sounded: "Among the stocks related to intelligence, there are 18 daily limits, and stocks that have risen by more than 5% are almost everywhere, the problem is that no one wants to come out to put out the fire." ”

"Otherwise, how can it be called stock speculation?" Zhou Minghai smiled wryly.

When 99% of people think that there is a market, even if there is no market, the market can be forced to create a scene where the market has arrived, and then ...... There will really be a market.

If the capital market is overheated, prices will rise, inflation will be raised, the economy will be stimulated, and in the end, what is fake can become true, which is the charm of finance.

"Probably not, the smart field can't support the entire stock market. Wang Nuo saw the immortality of large-cap stocks such as oil and banks, shook his head, and said: "It may be that the market has been suppressed for too long, so this time I will find an opportunity to vent a little." ”

"That's how it should be. Zhou Minghai looked at Wang Nuo with approving, nodded and said, "Poor Great China National Team, I have to come out to wipe my ass when the time comes." ”

"Haha. Yao Shuliang was amused by Zhou Minghai's words, and said: "Anyway, the country has money, and it is a natural pick-up man." ”

There was a burst of laughter in the office.

China's stock market seems to have no market makers, but in fact, state-owned capital is a market maker, like my big universe bank, the total market value of more than 2 trillion yuan, how much is the national team holding shares? more than 96%.

Yes, the national team is so awesome, state-owned capital crushes everything, a universe line is equal to 125 Quantai Technology, and then if you pay attention to it, you will find that Quantai Technology also has national team holdings.

Therefore, the big market makers of the Chinese stock market are called the state, and what institutions and retail investors are all small shrimp in front of the national team.

"The market can't collapse anyway, what everyone can do is to see who will decline enough to wait for the national team to come to the rescue. Zhou Minghai had a smile on his face, and everyone in the office also smiled.

Everyone can't help but laugh, because except for Liu Ye, everyone in the research office has invested some money into it, and in this market state, it is not a question of whether to make money or not, and how much to earn is a demonstration of strength.

However, the attribute of capital profit-seeking will never change, and if you lose, you must think about turning losses into profits, and when you make money, you must think about pursuing the maximum profit margin.

Zhou Minghai's smile hadn't disappeared yet, and a phone call from the Blue Sky Fund directly covered his face with frost.

"We are a financial research institute, not a vegetable market selling vegetables, how can we produce two reports a week!"

"Isn't it strange to have the same opinion? Similar data, similar conclusions, this is very scientific!"

"I refuse, it is impossible to have a more precise study report anytime soon. ”

"You have the obligation to do a second study, we don't! Two copies a month, this is a contract that has been negotiated a long time ago!"

The market is improving, and after Zhou Minghai received the call, the roaring voice made the office fall into a state of silence immediately.

Long.

With a "bang", Zhou Minghai put the phone back in his pocket, slammed the desk next to him, turned his head with a calm face and shouted to Wang Nuo and Yao Shuliang: "Ah Liang, Ah Nuo come with me, the others collect information and data, and work overtime tonight!"

"Okay. ”

"Understood. ”

"No problem. ”

Seeing Wang Nuo, Zhou Minghai and Yao Shuliang enter the office, there was a sound of response in the office area.

At this moment, Wang Nuo actually had a premonition in his heart, and sure enough, as soon as he walked into Zhou Minghai's office, he heard new information.

"Blue Sky Fund asked us to give a second short-term research report before 8 o'clock tomorrow, and Lu Shen's request was ......" Zhou Minghai gritted his teeth a little: "If the investment advice is still cautious and optimistic, then there is no need to send it, they don't need to repeat the research report." ”

The Sell-side Institute, which is not well-known, is so bleak.