China source home (21.62-8.51%, the diagnosis of shares) after repeatedly pulling high flash crash, netizens commented “the first kill the pig plate”.
The A-share is another suspected pig-killing plate stock flash crash. Following yesterday’s (31st) morning quick flash crash down, today’s (April 1) morning in the source of home low open low, 9:40 am that fell. As of the morning close, the stock closed at 23.63 yuan, down 10.02%, with a turnover of 37.84 million yuan.
It is worth noting that only 3 years after listing, the share price of Zhongyuan Home has repeatedly pulled up after the flash crash trend. Tracing the historical K-line chart, it can be found that the stock has at least 3 obvious major level flash crashes appeared, including from April to May 2019, the share price fell from above $48 to below $26; 3 consecutive one-word stops from the end of April to early May 2020 and 3 consecutive stops at the end of August 2020. And in the run-up to each round of flash crashes, the stock would have a significant spike.
Zhongyuan home repeatedly pull up after the flash crash plunge
Because of the history of the surge and plunge too many times, some retail investors holding Zhongyuan Home identified the stock as a pig killing plate, some investors even posted in the posting bar claiming, “Zhongyuan Home, the industry’s first pig killing plate”; there are also netizens said, “every six months pull high to kill a pig once and then negative fall sideways, the next The next opportunity to pull up and wait another six months”.
Editor’s note: The name “pig killing plate” seems to be inappropriate, and the stockholders who were cheated and lured into it should not be given such an insulting term.
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