As the bell for the official opening of the market rang at exactly nine o'clock, the stock price of Shengxin United Textile Factory was the first to be hit by large sell orders.
A huge sell order of 100,000 shares, directly placed at a price of eight yuan, caused the stock price to drop by 20% in an instant!
In an instant, the entire trading hall exploded, and people began to talk and speculate.
Some people who held shares of Shengxin United Textile Factory were so frightened that they beat their chests and stamped their feet, feeling extremely nervous.
Seeing the huge sell order of 100,000 shares at 8 yuan, there were only a few hundred or a thousand shares of retail investors buying orders trying their best to resist, and not even a fraction of the shares were traded.
A feeling of panic quietly spread throughout the entire trading hall.
Seeing that the large sell orders could not be absorbed by the buy orders in one go, retail investors holding Shengxin United Textile Factory stocks felt a sense of danger.
What if this large sell order continues to reduce the price by 8 yuan in order to sell all the stocks, and places an order at a lower price again?
In order to reduce their losses, those investors who lack perseverance and are afraid of more losses begin to proactively sell at a lower price before the big sell orders come in.
So under the watchful eyes of everyone, the share price of Shengxin United Textile Factory fell from eight yuan to seven yuan and ninety cents, then to seven yuan and ninety cents, seven yuan and eighty cents, seven yuan...seven yuan!
In the first wave of panic selling, the stock price fell to seven yuan in just ten minutes, and the overall decline of this stock suddenly reached 30%!
In fact, there is no bad news about Shengxin United Textile Factory in the market.
Some big investors in the trading hall made a phone call in the box.
He didn't hear any bad news about Shengxin United Textile Factory in his own circle of contacts.
So some bold big investors began to try to buy shares at the price of seven dollars to resist the retail investors who were rushing to sell their stocks due to short-term panic.
The stock price fluctuated around seven dollars, and trading became active.
A group of Japanese financial experts including Keigen Kaya saw this situation in the No. 2 VIP box.
So he cancelled the sell order of 100,000 shares at 8 yuan, and divided it into two large sell orders of 10,000 shares, and directly smashed the price downward.
The first payment was worth 10 cents, and the second payment was worth 10 yuan.
Some big investors who had just bought at seven yuan were shocked when they saw the huge sell order of 100,000 shares at eight yuan being smashed down without regard for the cost, and they immediately broke out in a cold sweat!
Those retail investors in the hall, seeing that the price had stabilized at seven yuan, still held on to the hope that the stock price would slowly recover.
However, two sell orders of 10,000 shares came down regardless of the price, and many people were completely defeated.
At this time, Hewu Jingxuan and others sent out Japanese spies who had been prepared long ago to spread false news in the trading hall that Shengxin United Textile Factory was about to go bankrupt.
Those retail investors who were completely defeated fell into a second round of panic selling.
The share price of Shengxin United Textile Factory fell below one dollar in one breath and went straight to four dollars.
Seeing this situation, those big investors who had bought stocks at seven yuan before had no choice but to cut their losses and quickly sold the stocks that cost seven yuan at a price of more than four yuan.
If the news that Shengxin United Textile Factory is about to go bankrupt is true, then it is possible that the price of this stock will fall to worthless.
It was just ten o'clock in the morning and the trading had only been going on for an hour, but they had already driven the stock price down to four dollars.
Hewu Jingxuan and others who were sitting in box No. 2 all showed complacent smiles.
In order to completely trigger the extreme panic of all investors in the trading hall.
Hewu Jingxuan made the decision to sell all the remaining 100,000 shares of Shengxin Textile Factory in batches again.
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