How destructive is the adjustment of “bull stocks” in the ebb tide period? The explosion of well-known hot money loss of 50 million may highlight the cruel side of the market.
Due to the “ambiguous” relationship with Pfizer, the Aba Chemicals Corporation(300261) stock named covid-19 specific drug concept stock by the market walked out of a relatively strong rising market before the festival. in late November, the share price of the stock started to strengthen and started to rise strongly since December 20. After two waves of rise, the share price rose nearly three times in less than a month.
The main reason for stimulating the rise of the stock price is that Aba Chemicals Corporation(300261) is an enterprise mainly providing pesticide intermediates and pharmaceutical intermediates, which can produce . On November 5, 2021, Aba Chemicals Corporation(300261) said that the company’s pharmaceutical intermediate carbonic anhydride has been successfully mass produced. The raw material for oral administration of carbofuran {123567} contains Pfizer anhydride {123567}. Carbonic anhydride has just become a bridge between Aba Chemicals Corporation(300261) and Pfizer.
With the continuous strengthening of the stock price since December 2021, investors have shown great interest in whether the company’s carlon anhydride is supplied to Pfizer. On December 22, 2021, Aba Chemicals Corporation(300261) announced the change of share price, saying that company did not directly sign any cooperation agreement with Pfizer, had no direct cooperation relationship with Pfizer, and did not directly supply carbonic anhydride products to Pfizer.
However, in the announcement, company said that it did not supply carlon anhydride products “directly” to Pfizer. This slightly “hazy” answer not only did not deter investors, but the share price rose more sharply in the following trading days .
Finally, on January 14, Aba Chemicals Corporation(300261) shares again announced the suspension of trading verification after hitting a record high of 27.32 yuan, and resumed trading on the first trading day after the festival. On February 6, the day before the resumption of trading, the company again gave a number of risk tips. At the same time, the announcement also pointed out again that company has no business contact and cooperation with Pfizer, and has not signed a cooperation agreement with Pfizer.
The failure of “business cooperation” was superimposed with the significant adjustment of the market during the suspension of Aba Chemicals Corporation(300261) and the resumption of trading. Since then, the stock has become an abandoned son of the market. on February 7, the stock fell by the limit, and only 131 million yuan was traded on that day. On the previous trading day, the trading amount of the stock exceeded 4 billion yuan, which means that only a few “lucky” funds could escape smoothly on that day.
Today, as the second trading day after the resumption of trading, the stock price continued to fall sharply. The stock opened sharply lower today by nearly 18%, fluctuated at the intraday low, hit the limit several times, and finally closed down 17.66%, with a transaction of 3.19 billion yuan throughout the day. in just two trading days, the share price plunged 34%.
In this “stampede” incident, not only did the funds for playing the board before the festival suffer a sudden loss, but the most sad thing is that hot money bosses were also not spared .
According to the data of today’s Dragon and tiger list, China Industrial Securities Co.Ltd(601377) Shaanxi Branch has sold a net 113 million yuan and is selling a seat. The seat market is generally considered to be a special seat for the new generation of hot money “Fang Xinxia”. According to the dragon and tiger list on the day of suspension on January 14, China Industrial Securities Co.Ltd(601377) Shaanxi Branch bought the stock for more than 163 million yuan. This means that only according to the data disclosed in the dragon and tiger list, Aba Chemicals Corporation(300261) the sharp decline caused Fang Xinxia to lose 50 million .
It is worth mentioning that when the stock price of Aba Chemicals Corporation(300261) soared, the actual controllers chose the opportunity to reduce their holdings and cash out. According to the announcement on December 1, 2021, Wang Xinya, one of the actual controllers of Aba Chemicals Corporation(300261) , reduced his holdings of 19 million shares through block trading, accounting for 1.97% of the total share capital of the company. The average reduction price was 7.24 yuan / share, with a total cash of 138 million yuan .
