January 24, 2023 was the third day of the first lunar month. Yuan Sheng had just finished breakfast. Zhang Sheng seemed to have a camera surveillance, and the call came in on time...
Zhang Sheng went straight to the point: "I heard that in order to win over GigaDevice, a certain exchange broke the unspoken listing rules of the two original exchanges: those with less than 60 million shares in circulation were listed on the exchange in the south, and those with more than 60 million shares in circulation were listed on the exchange in the south. Is it true that new stocks are listed on exchanges in the north?"
"This is indeed the case. During the big market rise in 2015, the Shenzhen Stock Exchange had a GEM board and small-cap stocks on the main board. It was easy to push up small-cap stocks. Therefore, in the big market in the first half of 2015, the stocks that rose the most were large stocks. Part of it was on the Shenzhen Stock Exchange, and the trading volume of the Shenzhen Stock Exchange at that time far exceeded that of the Shanghai Stock Exchange.”
"There is another reason: Originally, the Shanghai Stock Exchange mainly served the listing of large state-owned enterprises. However, as time goes by, the large state-owned enterprises that can be listed have basically been listed, and the remaining number is getting smaller and smaller... ..In order to develop its business, the Shanghai Stock Exchange must break the unwritten rules that have been formed in recent years: new shares with less than 60 million shares are listed on the Shenzhen Stock Exchange..."
“At that time, GigaDevice had only 25 million shares in circulation. Its quality was very good and it was a leading company in its industry segment, so the Shanghai Stock Exchange took a fancy to it at a glance and selected it as the first new stock to break the unspoken rules. Yuansheng said.
"GigaDevice agreed to the Shanghai Stock Exchange's request and decided to list on the Shanghai Stock Exchange. It is estimated that GigaDevice also made the request, so it opened the daily limit on September 13, 2016. The turnover rate that day was 63.8%, and it continued to rise on the second day. (September 14, 2016) In the evening, GigaDevice announced a trading suspension. The purpose of the suspension was to acquire another company... The acquisition of a new stock was suspended as soon as it was listed (especially on the second day after the daily limit was opened). There is no precedent for such a fast speed before, and GigaDevice is the first!" Yuansheng said.
Yuan Sheng continued: "If you don't know the factors behind these, you will be more or less panicked when facing a trading suspension; if you understand these factors, you will be happy: after the resumption of trading, there is a high probability that it will rise."
On the resumption of trading on March 13, 2017, the market opened at the daily limit, and on March 14 and 15, it opened at the daily limit for two consecutive times. After three consecutive daily limits, it opened 1.26% higher on March 16, 2017, with the largest intraday increase of 7%... which means that investors who were locked out of trading for several months due to ignorance , easily got 3 daily limits.
Yuansheng said: "This is the first time that a full position has been suspended! I was forced to transfer reserve funds from the bank to continue trading in stocks."......
Zhang Sheng laughed loudly: "Such a suspension is so charming, I should do it more often!"
GigaDevice was favored by the Shanghai Stock Exchange and selected as a model company that breaks unspoken rules. It has indeed lived up to the expectations of all parties: after the market washback in 2017 and the correction to 129.09 yuan, it started its journey as a bull stock. February 25, 2020 has arrived 1201.02 yuan (restoration price), an increase of 831% (equivalent to an increase of 8 times).
People often say, "Kung Fu lies beyond poetry!" GigaDevice's ability to become a big bull stock is the result of the joint efforts of all aspects. It is impossible for 95% of ordinary shareholders to know so many things behind it... Yuansheng is Extensively involved in news, military affairs, politics, rumors, and interviews with financial figures... I knew this before GigaDevice went public, so Yuansheng took it as a "gift" on the first day when GigaDevice opened its daily limit. Give it to my friends... Unfortunately, all my friends thought it was too expensive (because it opened the daily limit at 183.79 yuan, the lowest of the day was 168.33 yuan, and the closing price was 171.34 yuan), and they did not have the courage to buy it.
Yuan Sheng is a kind and compassionate person, so when the opportunity comes, he will always "give gifts" directly to his friends ------- God will always reward those who are compassionate and willing to give, so Yuan Sheng welcomes 3.6 daily limit after resumption of trading......(To be continued) (Try to publish another chapter in the evening)
PS: 17K Novel Network has a "sign-in" system. If you sign in every day, after a long time, the website will give you some tickets (which can be used for voting), and will also give you a certain amount of time to read novels for free (after there are VIP chapters in the future, You can watch it for free for a certain period of time).
