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"Market Manipulation" theme (4): Trends have mystery, don't be superstitious about daily limit
- 浏览次数:
- 日期:2017-07-31 00:00
(Summary description)
"Market Manipulation" theme (4): Trends have mystery, don't be superstitious about daily limit
(Summary description)
- Categories:Investor protection promotion
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- 日期:2017-07-31 00:00
- 浏览次数:
["Investor Protection · Clear Rules, Know Risks" Series]
Source: Investment Education Center of Shenzhen Stock Exchange
From July 5 to July 12, 2016, the account group manipulated the lifting and opening period of A shares. From July 5 to 8, the stock price was relatively stable, and the account portfolio included the purchase of 9,005,900 A shares. On July 11, the account group began to create a daily limit trend: 14:03:18 to 14:06:13. After raising the stock price to the daily limit, it continued to declare buy orders at the daily limit price, and a total of 29 transactions totaling 6.093 million shares were subscribed. As of the close of the day, the untraded limit-price buy orders of the account group reached 5,748,600 shares, accounting for 51.73% of the total market untraded limit-price buy orders. See the chart below for the stock price trend on July 11:
On July 12, the account team copied the trading method on July 11: 14:29:13 to 14:32:34. After raising the stock price to the daily limit, it continued to declare buy orders at the daily limit price. A total of 23 purchase orders totaled 509.86. Million shares. As of the close of the day, the number of untraded daily limit price buy orders in the account group reached 3.9363 million shares, accounting for 49.14% of the total market untraded limit price buy orders. A slight difference from July 11 is that on July 12, the account group began to ship during the process of pulling up, and the net sold 1,911,600 shares that day. See the chart below for the stock price trend on July 12:
On July 13th and 14th, trading of A shares was suspended due to abnormal trading fluctuations. On the day when trading resumed on July 15, the stock price fell by the limit. The account group sold 94.73% of the number held on that day, and the position was reduced from 10.4385 million shares to 486,900 shares; on July 18, the account group liquidated all the stocks, and the stock price fell 6.48% . From July 5 to July 18, 2016, in just 8 trading days, the stock went out of a trend of rapid rise and fall, as shown in the figure below:
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