my fintech empire.

Chapter 667 [The capital market is wailing all over the place]

The next day, Wednesday, June 6, the news was still spreading and fermenting, and the headlines of major media were all related news.

And just today, the transaction price of STAR4 in the second-hand market has skyrocketed. The number of people queuing up in major offline flagship stores is actually more than that on the first day of release, and the inventory of online sales channels has been wiped out.

The price of a STAR256 mobile phone with 4GB body memory has directly skyrocketed to 2 yuan. This is all because it is now rumored that STAR4 will become a swan song, selling one less than one, and scalpers are now taking the opportunity to stir up speculation.

At the same time, the supply of Xingyu Technology has also been greatly reduced. At present, 1000 million units have been sold, but today it has been directly cut to only supply 5 to 7 units to the market every day.

The production capacity of STAR4 mobile phones is not much this year. A total of about 3300 million units of production capacity has been allocated. Although the inventory of S680 chips is 1 million pieces, but now there are only one less than one used, and they cannot all be used on STAR4.

The remaining chip inventory is reserved for the future STAR4-Plus enhanced version and STAR4-Pro professional version. The Plus enhanced version will be launched in 2014, and the Pro professional version will be launched in 2015, ensuring that the company can still have products around 2015. , can also be active in the field of vision of consumers.

Fortunately, the S680 mobile processor chip is currently the most advanced in the world. With the optimization of other modules and software upgrades, the S680 chip can still be used until 2015.

But after 2015, it will be difficult to make up for the chip generation gap under Moore's Law from other places, and it will be difficult to catch up no matter how optimized the software level is.

However, this unexpected incident shocked many mainland friends and businessmen, and they were also secretly ecstatic. Most of the so-called friend merchants have such a large structure, and what they are thinking at the moment is that Xingyu Technology will collapse quickly.

Doesn't the market that is vacated in this way have my share?

At the same time, people inside Xingyu Technology are also panicking. Everyone is worried that the company will face layoffs in the future, and friends and businessmen have also thought of this, and even many friends and businessmen have already taken action, preparing to poach people up.

However, at around 17:[-] that afternoon, Qin Feng held an internal meeting to reassure all employees that the company will not lay off employees but will expand its staff to speed up the technical link that is stuck.

The leader personally spoke, which reassured everyone a lot.

At the same time, the emergence of this unexpected incident has also aroused unprecedented domestic discussions on the chip semiconductor industry and technological self-reliance.

Fang Hong is also paying attention to the progress of public opinion. The development of things is within his expected range. This will allow some people inside to recognize the situation and give up illusions, so that they can regroup and truly embark on the road of technological independence.

Abandon the so-called thinking that buying is worse than renting, and buying is worse than renting, accelerate the completion of a large fund, and hand it over to Qunxing Capital to conquer the entire industry chain of domestic semiconductors.

This sudden incident is painful in the short term, but it is a good thing in the long run.

However, right now the capital market is in a reversal of polarity. Those who hold Xingyu Technology, especially those who bought before the festival, are now panicking. They have changed from highly optimistic to extremely bearish.

……

The following day, Thursday 6 September.

The A-share market opened on the first trading day after the holiday. Xingyu Technology, which had a daily limit before the holiday, directly dropped its limit today. The stock price fell to 4.42 yuan, and the market value dropped to 12170.69 billion. A price limit evaporated about 1350 billion in market value.

After the results of the call auction came out at 9:25, the comment area of ​​the Xingyu Technology Stock Bar was full of wailing.

[Speechless, just drop the limit one word. ]
[The daily limit ran before the holiday, I almost escaped from death, it was too exciting...]
[In this kind of black swan incident, I can only consider myself unlucky. ]
[Sure enough, it was a one-word board, but it was a one-word limit down. ]
[It’s a shame, it’s a pity that I didn’t shoot the board before the festival, I didn’t expect to save a life. ]
[Pretty Country is as shameless as ever, if you can't compete in technology, you will use the tricks. ]
[Conversely, this just proves the power of Xingyu Technology. ]
[I think it is impossible for Xingyu Technology to cut off the supply of a chip and just go downhill. ]
[It’s hard to say in the future, but it’s definitely bearish in the short term. ]
……

Today's market index also gapped down and opened -0.94%, and the call auction broke through the 2200-point mark. The bad news of the Dragon Boat Festival is not just a black swan event for Xingyu Technology.

Before the Dragon Boat Festival, the market index had fallen for seven consecutive days, and the first trading day after the festival today failed to bring a respite to the market. Both the Shanghai and Shenzhen stock markets opened lower.

At 9:30, the two cities staged a cliff-like dive, directly falling below the annual line and then falling all the way. The intraday decline expanded to -3.78%, and the lowest index dropped to 2126 points, a new low for the year.

A big positive line poured down, and the two cities wailed everywhere.

Today is not just Xingyu Technology's lower limit, the previous popular leader in the two cities, Quantitative Capital, has shrunk and walked out of the three consecutive boards. The stock price has fallen to 41.27 yuan, from the historical high to today's price, and the cumulative decline has already More than -44%, the market value shrank to 576.95 billion yuan.

Other galaxy concept stocks also fell by more than 5 percentage points today, but today's market is dominated by a sell-off, and other stocks are not much better.

And Xingyu Technology's one-word limit down also brought the collapse of Xingyu Technology supply chain stocks such as Goertek Acoustics and Lexun Precision.

……

On the next Friday, the market index did not continue to fall, and entered a weak rebound.

However, Xingyu Technology did not drop the limit again today, but opened -4.26% lower at the opening price of 3.62 yuan. After the opening price, it dropped to 4.14 yuan, and the decline expanded to -6.33%. In the afternoon, it turned red and rose +0.68% to close, the stock price closed at 4.45 yuan, and the trading volume also released more than 52 billion, ranking first in the two cities.

Quantitative Capital is the most popular today. After the three consecutive boards fell, the stock has a strong daily limit today.

After the weekend weekend, on Monday, June 6, the market index fluctuated weakly, Xingyu Technology seemed to have stabilized, and Quantitative Capital went out of the second-link market today, the stock price rebounded to 17 yuan, and the market value rose to 49.94 billion.

The current market situation cannot get out of the new leader of popularity. Quantitative capital is still the overall leader. In addition to the high volatility, the stock nature has long been activated. Funds come here to rebound from oversold.

However, in the middle and late months of the following month, the A-share market only stabilized for three days, and then fell again. The continued bearishness of the major financial sectors, the intensification of the market's money shortage, and the continued suppression of Xingyu Technology's further rumors of the beautiful country, led to A The stock market has entered a boom.

On Thursday, June 6, the Shanghai stock index fell below the 20-point mark, falling -2100% that day, and closed at 2.77 points after the market, setting a new low for the year.

However, Xingyu Technology broke the limit yesterday with a big negative line, and today it broke the limit again. Two big negative lines fell down. The stock price of Xingyu Technology fell to 3.54 yuan, with a market value of 9747 billion, which fell below [-] yuan again. billion market cap.

Quantitative capital also hit a limit down, and the entire market fell.

The next day, Friday, June 6, the broader market index opened lower again and hit a new low for the year.

Xingyu Technology once broke out of the three-linked limit-down today, and finally broke the limit in late trading, and finally closed at -6.50%. The stock price closed at 3.31 yuan, and the trading volume further shrank to 22.44 yuan throughout the day, and the market value shrank to 9114 billion yuan.

It has fallen from the highest point of 4.91 yuan, and the cumulative maximum drop has exceeded -35%. There are still a lot of bottom-hunting funds.

And Quantitative Capital went out of the second limit today, and the stock price also hit a new low in the near future, dropping to 39.91 yuan, with a full-day turnover of 5.92 million, and the market value shrank to 557 billion, with a cumulative decline of more than -47%. Cut in half.

……

On weekends and weekends, the news is full of bad news again.

On Monday, June 6th, Xingye Bank fell to the limit, and the big dive in the banking sector drove the two cities to dive across the board. The market index showed a unilateral explosion. After crossing the key psychological integer threshold of 24 points, he was defeated in one fell swoop with almost no resistance.

After the close, the Shanghai Stock Exchange Index plummeted -5.30%, closing at 1963.23 points.

In terms of individual stocks, Quantitative Capital’s three consecutive boards fell to the limit, and the stock price fell to 35.92 yuan. Xingyu Technology once again fell to the limit, and the stock price fell to 2.98 yuan. The other four group galaxy concept stocks such as Yixing Video and Kyushu Blue Arrow also did nothing. The limit fell, and the remaining declines were all around 7 percentage points.

The entire market is showing an irrational sell-off situation, no matter what the ticket is, there is only one word: drop!

……

(End of this chapter)