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It's happening! The suspension of two major high-flying speculative stocks, Fenglong Co., Ltd. and Jamei Packaging, both of which have been reincarnated. Fenglong Co., Ltd. had already disconnected its internet and suspended large shareholder privileges, and now it has been directly suspended, with retail trading permissions also halted.
According to the pattern of reincarnation, the suspension period doubles, and once they come back, they are likely to be completely knocked down.
The biggest fear with these high-flying speculative stocks is disconnecting the internet, leading to a depletion of buy orders.
Of course, the previous cases like Tainpu Co., Ltd. and Shangwei New Materials eventually rebounded, with second and third waves reaching new highs.
Holdings are mainly in the SSE 50, CSI 300. The cooling-off has little impact on the CSI 500, CSI 1000, and CSI 2000 because there are no chips, and only a few will target these high-flying stocks.
But tomorrow will impact the entire high-flying sector because, according to convention, if they don't listen, they still have to act.