Investors and financial enthusiasts are engaged in fervent discussions concerning Lu Ming and the Tiansheng Pioneer Mixed Fund. While Lu Ming's funds, including the 3 billion platter, may not represent the entire capital market, the attention and conversation surrounding them are substantial.
Lu Ming's meteoric rise has become the stuff of legend, captivating everyone's interest and prompting lively discussions. A series of post-market closure news generated mockery, humorously suggesting that the exceptional "one brother" is so skilled in short-term speculation that the broader market, represented as Big A, felt compelled to seal his prowess with the metaphorical "big seal technique."
Amidst the banter, the central topic of discussion revolves around whether Lu Ming possesses the same adeptness in price betting. Those most invested in this question are undoubtedly individuals still aboard the Tiansheng value growth hybrid car and those contemplating joining.
While Brother Yi's magical short-term speculation abilities are widely acclaimed, the discussion around price betting seems to carry a tone of jest. Lu Ming's unexplored capabilities in bidding become a focal point, triggering debates between the value investment group and the technical analysis group, each expressing skepticism about the other's methods.
Yet, the crucial question remains – do you want to follow the lead of the first brother?
With the weekend approaching, the primary focus in the capital market becomes navigating the aftermath of the recent market turmoil. Over the past 14 trading days, the main board index has witnessed a staggering decline of -28.64%, with the Shenzhen Index and ChiNext experiencing similar plunges of -32.34% and -33.19%, respectively.
Over the weekend, key news unfolded:
1. Securities companies headed north to strategize rescue efforts, bringing confidential data such as margin financing and securities lending liquidation lines.
2. Over 20 securities firms invested a minimum of 120 billion yuan in blue-chip ETFs, and management encouraged all funds to increase their holdings of blue-chip stocks.
3. Net-based buying of insurance funds was advised, maintaining optimism for blue-chip stocks.
4. Thirty public funds issued a joint proposal.
5. Regulatory measures by Zhongjin Exchange included restrictions on opening positions for some accounts trading stock index futures contracts, emphasizing severe punishment for illegal acts like malicious short-selling.
6. A total of 30 listed companies on the two major exchanges simultaneously announced IPO suspensions, with online subscription funds set to be returned on July 6 for the 11 companies already subscribed.
At week's end, an intriguing development emerged as Chaoyun Trust invested a substantial 15 billion in collaboration with Tiansheng Capital, becoming Tiansheng Capital's inaugural strategic LP investor. Tiansheng Capital confirmed the news, emphasizing its commitment to identifying high-quality companies for long-term sustainable growth, with the infusion of an astronomical 15 billion in custody funds from the investor.
This time, Lu Ming not only sought investment but secured a substantial sum, marking the end of the master's youthful venture, much to the admiration of his supporters.
The market opened on Monday, July 6, infused with positive momentum from a series of good news over the weekend. Both cities collectively experienced a higher opening, with over 1,500 stocks in the two cities hitting the daily limit during the call auction stage, an unusual occurrence globally.
In the trading room, Lu Ming refrained from checking the Tiansheng Value Growth Hybrid Fund as it wasn't operational for the day, maintaining a 35% position with the remaining funds held outside the market.
Today, Lu Ming's focus was singular – sweeping Anshi Group's stock in the secondary market. Just before the continuous bidding was about to reach 9:30, Lu Ming directed the traders on the floor to execute a bold strategy: "After the market opens, push up Anshi's shares all the way. Give me a deal of 15 million in one minute, no more, no less. I don't care about the transaction price. Just provide me with 15 million transactions per minute!"
This instruction left Li Mingyang bewildered. With a request for 15 million transactions per minute, was Lu Ming planning to make a wild purchase of 3.6 billion today? Considering the 2.3 billion from yesterday's midday, this would total a staggering 5.9 billion.
Anshi shares opened at a rare high of 13.51 yuan, a 9.22% increase, almost hitting the daily limit. Despite this remarkable opening, Anshi Group's stock was perceived as lackluster in light of the daily limit reached by over 1,500 individual stocks during the call auction – a testament to the dominance of blue-chip stocks post the weekend's good news.
As expected, Anshi's shares experienced fluctuations due to the absence of a closing price limit in such a bullish market, leading to a significant amount of selling.
Meanwhile, Lu Ming and his traders jubilantly executed the order, steadily buying 15 million yuan per minute. This strategy curtailed the expected high opening and dive of Anshi Group's stock, maintaining a fluctuation within the average price range.
As the market approached closing at 14:52 in the afternoon, Lu Ming issued a sudden order: "Immediately fire 600 million!" Traders swiftly put 600 million funds on the price limit, triggering a surge in Anshi's shares from +7.16% to +9.78%, nearing the daily limit.
However, just before reaching the daily limit, the stock suddenly experienced a sharp decline, preventing the board from closing.
Observing this time-sharing trend, Lu Ming couldn't help but smile faintly. The sudden order was a tactic to test the market's sell-off reaction. He was now confident that the party responsible for the sudden fall was none other than Anshi Group's internal repurchase group.
The difference between closing the board at the daily limit and a 0.1% difference is significant. Closing the board at the daily limit would attract attention from other funds in the market, potentially propelling the stock price even higher the next day. Anshi Group's internal repurchase group, aiming to suppress the stock price for advantageous buybacks, naturally preferred to avoid such fluctuations.
Post-closure, Anshi shares reported 13.49 yuan, up +9.12%, with a trading volume of 14.6 billion. The stock formed a long lower shadow Doji K line.
The broader market also witnessed an exhilarating day. The main board soared +7.82% to 3975.21 points, the Shenzhen index rose +7.30% to 13140.14 points, and the GEM opened higher at +7.31%. While the call auction saw 1,000 shares hit the daily limit, over 1,000 stocks collectively hit the lower limit from the opening daily limit to the closing.
Lu Ming's bold move involved sweeping 3 billion of Anshi Group's shares in the secondary market. The average transaction price was 13 yuan, accumulating a total of 423 million shares. Combined with the 187 million shares purchased last week, Tiansheng Capital now holds 417 million shares of Anshi Group, constituting 2.639% of the total shares, with a total market value of 5.625 billion yuan.
Given the current high activity volume of Anshi Group, it's poised to make waves in the secondary market this week. The term "raising a placard" originated from auctions, signifying buyers holding a placard to bid. In the securities market, if large investors purchase more than 500 shares or 5% of a listed company, they must issue a written announcement to the China Securities Regulatory Commission. This serves as a notification to both retail investors and the listed company itself.