Core Viewpoint - The stock of Xiaoyu Yingtong (00139) experienced a dramatic fluctuation, dropping over 38% before surging by 60% within two months, showcasing a remarkable capital game in the market [1][12]. Group 1: Stock Performance Phases - The capital game can be divided into three distinct phases: a sharp decline from June 18 to June 30, a consolidation phase from July 2 to July 18, and a strong rally from July 21 to August 12 [3][12]. - During the decline phase, the stock fell 38.46% over nine trading days, with a total trading volume of 2.8472 billion, indicating a significant dominance of short sellers [4][6]. - The consolidation phase saw the stock price stabilize with a zero net change, despite high volatility, indicating a balance of power between buyers and sellers [7][9]. Group 2: Trading Volume and Strategy - In the decline phase, the trading volume was heavily skewed towards selling, with a net institutional sell-off of 520 million, while a large block trade of 380 million at an 8% discount indicated a strategic accumulation by certain players [5][6]. - The consolidation phase featured a high trading volume of 799.9 million, but the price remained stagnant, suggesting that the main players were using small trades to mask larger sell orders [9][10]. - The rally phase was characterized by a significant increase in trading volume, with 28.488 billion in buying volume compared to 7.011 billion in selling volume, demonstrating a strong upward momentum [12][13]. Group 3: Price Movements and Market Psychology - The stock's price movements reflected a strategic manipulation of market psychology, with a "nine consecutive declines" pattern designed to break down investor confidence [12][14]. - The consolidation phase was marked by a series of small upward movements that tested retail investor psychology while maintaining a strong hold on positions [9][10]. - The final rally phase saw a 60% increase, with the stock price moving from 0.014 to 0.024, indicating a well-executed strategy to attract momentum traders and capitalize on market sentiment [12][14].