But at this moment, Chen Dong, a major client, made a decision that shocked everyone.
"Sell all Yi Hang shares!"
Chen Dong spoke very decisively.
The securities company manager naturally had no choice but to obey.
Even if it was a mistake, there's nothing we can do; this is what the major client requested.
Wangcai looked disdainful. "A securities manager? Is this all the level you've got?"
This level is not as high as Xiang Huasheng's.
The financial market is incredibly cruel and realistic.
With enough funds, even a worthless stock can be manipulated by major investors.
Far from what people imagine, the company has fundamental, technological, and policy support.
Aren't there countless examples of junk stocks soaring to new heights?
It is worth mentioning that the trading rules of Taiwan and mainland China are quite similar.
It's also T+1, meaning that stocks bought on a given day can only be sold the following day.
Furthermore, the stock market in Taiwan also has daily price limits.
The difference is that the price limit for A shares was introduced in 1996, and the maximum daily price fluctuation cannot exceed 10%.
The daily price fluctuation limit in Taiwan is 7%.
It wasn't until August 2018 that the 7% was changed to 10%.
Another difference is that in the mainland stock market, a single lot is 100 shares, which is also the threshold for stock trading.
In Taiwan, the minimum stock trading threshold is 1,000 shares. This means that whether buying or selling, the minimum order quantity must be a multiple of 1,000 for a stock to be traded.
The manager quickly relayed Chen Dong's orders, and Wangcai was tasked with keeping an eye on them.
For Chen Dong, managers and experts often make mistakes when judging the trend of a stock, its rebound and reversal signals, based on technical indicators. This is often because technical indicators are too insensitive.
Especially when there is a divergence or bottom divergence in the stock price, its sensitivity and reliability are even worse. In addition, the market maker can often use funds to control the fluctuation of the stock price and can make pre-designed technical indicators and data. It is better to believe your vague memory than to believe their predictions. Go your own way and let others talk!
Chen Dong didn't hesitate at all, and naturally didn't take the securities manager's advice to heart.
After the order was given.
The message was relayed to the various securities firms that had entrusted the matter.
soon.
Hundreds of accounts began operating.
Yihang was originally going long today, and as usual, it was locked at the daily limit up shortly after the market opened.
The trading software also shows that at the limit-up price, the orders executed are all small orders of one or two lots.
This is a normal phenomenon.
Just then.
The market situation has changed.
......
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