Rebirth: The Financial Giant

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Monday, June 25.

Lu Ming came to the company this morning and paid attention to today's market conditions. Since Big A hit a new low for the year last week, the Shanghai Stock Exchange once again entered the era of below 3,000 points, closing at 2,889 points last Friday.

At the opening of the market this morning, Lu Ming opened the market of Zhongxing Telecom. He had already explained to Li Mingyang at the morning meeting in the morning. Today is the time to buy the A-share Zhongxing Telecom.

At this moment, the call auction has ended, and Zhongxing Communication is still at the limit of one word. This is the eighth consecutive one-word board. The stock price has dropped from more than 31 yuan to more than 13 yuan now. Investors who hold this stock are already numb. .

Since the resumption of trading, Zhongxing Communications has dropped by more than -56% for eight consecutive times. Those who did not come out before the suspension of trading are now full of disappointment when they open the software every morning. This has never been disappointing.

Those who hold this stock have been mechanically hanging down the limit overnight and waiting to go out these days.

As the time came to 9:30, the market opened on time, and the amount of funds on the board was more than 2 billion waiting to be released. Everyone thought that there would be no surprises today, and it would be the same as the previous days.

The eight-even board has come out of the limit, and another one just happens to practice the "Nine Yin Classics", isn't it perfect?

But the accident happened when everyone was caught off guard.

The first 12 seconds after the market opened were as usual. At 9:30:13, Zhongxing Communication suddenly exploded, and the 2 billion or so funds on the limit-down board were almost instantly wiped out by three super large orders.

More than 1.6 million orders on the limit-down board... gone.

The transaction volume of Zhongxing Communication dropped directly to the top of the transaction list of the two cities today, which topped the Ning De Times. Ning De opened the board and closed the negative last Friday, and stopped for seven consecutive boards.

Tiansheng Holdings, which had topped the daily turnover list in the past, had a tepid turnover during this period. This ticket is currently bottoming out. Although it has not attracted the attention of the market, its daily turnover has never dropped. out of the top five.

In other words, just after the top 1.6 million orders of Zhongxing Communication were eaten in seconds, the limit plate was easily pried open and rushed straight up. In just one minute, the decline narrowed to -5.4%, not only retail investors did not reflect it. , even a lot of big funds have not responded.

The transaction volume topped the list of the two cities, and the change of Zhongxing Communication quickly attracted the attention of various funds in the market, and the barrage of the time-sharing chart of the market software suddenly increased sharply.

"Brother Wanshou who is so good, is this the super brother Wanshou?"

"Could it be that Guo Jia's team took over?"

"Who's taking over?"

"It's definitely not a retail investor, I dare to accept this, this main force is a bit hanging!"

"The main force is super-large to receive blood chips, hurry up and follow up!"

"Damn it, I bought the spire, and it fell again!"

"Companies with such a big problem come in, really warriors!"

"Finally released from prison, fortunately it's only a two-storey warehouse, but it also hurts a little bit, this **** thing has been banned from now on!"

...

There was an explosion at the opening, and many retail investors came in to gamble, but when the increase narrowed to -5.4%, they immediately turned their heads down, and after five or six minutes, they closed the limit again.

However, after the limit fell again, there were not many orders on the board. As time passed by, the limit was opened again, and there was a huge difference between long and short funds today. Some people sold and some bought, some people bought the bottom and some fled. And the turnover of Zhongxing Communication also occupies the first place in the two cities in terms of turnover today, which is twice as much as that of the Ningde era.

Lu Ming stopped paying attention to this stock after watching it for a while in the early trading. There is no doubt that the super 10,000-handed brother who exploded in the early trading was the capital of Tiansheng Capital. In this morning alone, he has completed 30% of his position target. Unsurprisingly, 40% of the overall goal of building a position can be completed today, and the rest can be completed in the next few days.

Judging from the current turnover scale, Zhongxing Communication's daily turnover of seven to eight billion yuan today is impossible to escape.

After Tiansheng Capital came in to pry the board, it led some follow-up funds in the market who were not afraid of death to come in to buy the bottom. These funds are long today, but tomorrow they will become short sellers.

It is impossible for the main funds to let these bargain-hunting funds that are not afraid of death can make a profit the next day. It is certain that they will open lower tomorrow. It is to force these bottom-hunting funds to lose a few points and leave. God, if you don’t leave, then you will come again with a big negative line to continue to threaten the position, or if you don’t leave, then come with a big positive line to solve the problem. Should you leave? If you still rely on it, turn on the Yindie mode.

The scene of Zhongxing Communications today is chaotic. The main players of the organization and retail investors are coming in and out. Who is taking over and who is fleeing? Those who have no inside information will only know after the disclosure of the second quarter results.

Lu Ming closed the market software and began to plan the listing of Tiansheng Capital's second convertible bond product. Tiansheng Convertible Bond has unlocked the conversion authority today, because investors have converted almost all the convertible bonds they held. There are more than 2 million shares in total, accounting for 2.43% of the total share capital, which also brings the current total share capital of Tiansheng Capital to about 82 million shares.

Tiansheng Capital is not short of money. The reason why Lu Ming also issued convertible bonds is actually more to indirectly give ordinary retail investors an opportunity to invest in Tiansheng Holdings. At present, this convertible bond is still trading, but 95% The bonds have been converted into shares.

However, ordinary investors' share conversion only accounts for about 30% of the total, and nearly 70% of them are eaten by institutions and converted into debt-to-equity. At present, Tiansheng Holdings is already in the stage of building a bottom at a low level. Institutions see it better than retail investors. .

Specifically, how many small-cap retail investors can indirectly hold the underlying stock through the convertible bond channel, this is not what Lu Ming should care about. He only opened a channel for the small investors. As for whether they can enter the underlying stock or not, it depends on them. The good fortune and fate, anyway, the passage is open there, and anyone can come and leave at any time.

As the first convertible bond is coming to an end, Tiansheng Zhuan 2 is about to prepare for listing, and the issuance scale is still 30 billion yuan, which will be issued and listed in the fourth quarter of this year.

Convertible bonds are still a channel for Xiaosan to get on the bus. In view of the performance after the issuance of the first convertible bonds, Lu Ming also redesigned the issuance of Tiansheng Zhuan 2 as some detailed adjustments.

Under normal circumstances, the majority of retail investors who win the lottery for new bonds are basically 10 convertible bonds with a face value of 100 yuan, that is, 1,000 yuan.

The current price per share of Tiansheng Holdings is above 25,000 yuan. Once the bonds are issued and listed, many ordinary small companies can only continue to buy more convertible bonds from the market if they want to collect the amount of convertible bonds for one share of the stock. .

This caused the price of the convertible bond itself to rise and fall sharply. Either it was pure speculation, or the price was too expensive, and the conversion premium rate was too high, which led to the small scattered being unable to sell, and the large capital of the institution was eaten up.

When the first convertible bond was issued, due to the huge size of the plate, almost everyone signed up for a new bond of 1,000 yuan. As a result, the three monks had no water to eat.

The minimum subscription unit for convertible bonds is 1 lot, that is, 10 pieces of 1,000 yuan, and the maximum subscription amount for a single account is 1,000 lots, which is 10,000 pieces of 1 million yuan~www.novelmt.com~ But Xiaosan is basically 1,000 yuan.

To this end, Lu Ming decided to take the initiative to increase the minimum subscription unit, from the original 1 lot or 10 copies of 1,000 yuan to 50 lots of 500 copies of 50,000 yuan. The maximum subscription limit for a single account is 1,000 lots, or 10,000 copies of 1 million yuan. Change.

The minimum subscription unit limit of 50,000 yuan is also the account limit of the large A and the small scattered. Half of the total funds of about 100,000 are converted into convertible bonds, and the other half is used to play other stocks to satisfy the small scattered trading desire.

A brother can only help with this.

If you win the lottery directly, there is no need to grab it. If you win the lottery, you can hold it and transfer shares after half a year. To a certain extent, it can limit large funds from grabbing funds from retail investors.

Of course, some retail investors who have won the lottery must still be shaken out, and the elder brother also said that he couldn't help.

Generally speaking, after the adjustment of Tiansheng Zhuan 2, it will definitely be able to increase the proportion of small and scattered shares.

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