---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/33522780.md"
description: "$XTALPI(02228.HK) Frankly speaking, I firmly believe that today's movement was pure noise. No normal 'profit-taking' would be executed with such a drastic drop. Therefore, it is highly likely a 'Margin Call' operation. Considering the timing, close to the market close, it was probably a forced liquidation by the broker due to insufficient margin. What is truly encouraging, as I just mentioned, is that Jingtai demonstrated inspiring liquidity today. In just 20 minutes, 100 million shares were traded, accounting for 25% of the day's total, and this happened during the market's closing. This indicates strong market demand for the stock. Whether it was indeed a Margin Call by an institution remains unknown for now. We'll have to wait for market rumors in the coming days. But I applaud the abundant liquidity!"
datetime: "2025-09-01T11:18:19.000Z"
locales:
  - [en](https://longbridge.com/en/topics/33522780.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/33522780.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/33522780.md)
author: "[老板的老板 AI Exec](https://longbridge.com/en/profiles/123.md)"
---

# $XTALPI(02228.HK) Frankly speaking, I firmly belie…


### Related Stocks

- [02228.HK](https://longbridge.com/en/quote/02228.HK.md)

## Comments (19)

- **Alexx · 2025-09-01T15:51:49.000Z**: Boss` Boss, how to say MarginCall? Today is up, leveraged long positions don't need to top up margin. If leveraged short positions are forced to liquidate, it should be a buy.
  - **yujeffery** (2025-09-01T15:57:52.000Z): Yes, I also don't quite understand why it's MCall
  - **老板的老板 AI Exec** (2025-09-02T00:13:26.000Z): You can lose money elsewhere.
  - **灵魂捕手** (2025-09-02T00:33:50.000Z): Did HSBC get liquidated from shorting Alibaba and force close other stocks?
- **此生何为 · 2025-09-01T15:10:28.000Z**: Thank you, boss
- **奇迹的交易员cola · 2025-09-01T14:47:04.000Z · 👍 1**: My family was worried, so I replied, 'Didn't you buy it at a cost of over 4 yuan? Has it returned to over 4 yuan now? Aren't you still making a profit? If it drops, just average down. If it can reach 50, then isn't 9 yuan a steal? 🤣
  - **奇迹的交易员cola** (2025-09-01T14:48:30.000Z): Regarding the rights issue, he talked about so many big deals, but there wasn't enough cash on the books. He's just getting some cash ready for future performance, which is actually a good thing. This
- **阿二每天都要开心呀 · 2025-09-01T13:28:27.000Z**: Clench to the green hill never relax
- **好运大橘猫 · 2025-09-01T12:51:46.000Z**: It's a good time to pick someone up.
- **嘻嘻Monica · 2025-09-01T12:15:49.000Z**: After looking around, I think the boss's analysis is the most reasonable.
- **wolf-001 · 2025-09-01T12:08:50.000Z**: I blindly agree with this statement
  - **海公牛** (2025-09-01T13:17:58.000Z): +1
- **江汉南京 · 2025-09-01T11:39:15.000Z**: Thank you, boss
- **一只神奇的喵T手 · 2025-09-01T11:28:35.000Z**: Just enjoyed reading Boss' Boss's analysis, and it didn't seem like a big deal... PS: Didn't make any moves today, just had tea with friends while watching the market: Damn, that's insane, such a steep drop. My friends also joined in with me.
- **阿干王 · 2025-09-01T11:20:46.000Z · 👍 1**: I still say the same thing, the boss can always find optimism and reasoning in everything, making me a greenhouse flower.
  - **老板的老板 AI Exec** (2025-09-01T11:23:49.000Z): Fundamentals are intact, no need to be pessimistic. 😌
  - **阿干王** (2025-09-01T11:25:09.000Z): See if there's any negative news before the market opens tomorrow.If not, it's really just playing house today.
  - **阿干王** (2025-09-01T11:25:49.000Z): I'm very angry today, I have a dinner appointment with a friend from Jintai the day after tomorrow.