The investment era of rebirth

Chapter 116 The fund builds a position, the stock index breaks down 2000 points!
The index jumped rapidly, and individual stocks ushered in active buying.

The Shanghai Index hit the lowest point of 2008.31 and began to rebound rapidly; the ChiNext Index also began to bottom out and rebound when it touched the lowest point of 999.82, and within a few minutes, it rebounded to above the 1005 point.

"It's good if the bad is exhausted!"

While Su Yu, Li Meng, and Wang Can were staring at the prices of the two markets intently, and their fingers were hovering over the buy button of the mouse, someone in Su Yu's main hot money group exclaimed with emotion: "The support is strong, buy The market is turbulent, and copycats are flooding in on a large scale, it seems that the market can hold up here."

"The index has been so fierce this month that it has been seriously oversold. Now that it has opened lower, it has directly hit the support level, and a large number of copycats have flooded in to undertake it. It is time to rebound."

"Shanghai Index at 2000 points and Chuang Index at 1000 points are indeed strong support levels!"

"If it can hold up here, it means that the second foot of the market has landed, a perfect W-bottom!"

"The volume in the first 10 minutes of the opening was very healthy, and the volume was significantly increased. It seems that the market should be at the bottom here, and it can do an oversold rebound."

"What about the main line? Which concept will have a better rebound prospect?"

"Looking at the situation, the GEM is the one with the highest capital activity. The main board is affected by the bank's internal money shortage crisis, and both the strength of capital acceptance and the strength of rebound are relatively weak."

"The main concept of the GEM, the most promising and imaginative, should be 'Internet finance', 'mobile games', and 'smart terminal equipment', right?"

"Fuck, Shanghai Steel Union, Fenda Technology, Huaqingbao, Netspeed Technology... These core concept stocks in the early stage are already rising rapidly, and the funds are moving so fast."

"Hua Qingbao is the first to become popular..."

In the heated discussion of the crowd.

At the moment when Huaqingbao, Wangsu Technology, and Fenda Technology's stocks to be opened quickly rose and became popular with heavy volume, Li Meng's heart was moved, and a strong desire to buy rose from the bottom of his heart. I couldn't help asking Su Yu again: "The ChiNext index has shrunk to about 1%, and at the same time, the time-sharing volume has been significantly enlarged compared with the previous trading days, and the buying power has also increased compared to the previous trading days. Already, does this hold up?"

"Patience!" Su Yu replied with a smile, "The risk is not on the GEM."

"Since mid-April, although the overall growth rate of the ChiNext Index has exceeded the Shanghai Index by a lot, it is basically driven by hot money. In terms of the overall bargaining chip structure, it is also dominated by market hot money and retail investors. The main funds of institutions are on the ChiNext Board. The layout of individual stocks is not much."

"so……"

"The money shortage crisis broke out in the financial system, and the institutions on the market passively reduced their positions and trampled on the stalls for returning funds."

"The GEM refers to the disk pressure and market acceptance pressure it faces, which is much smaller than the main board, and its flexibility is naturally more sufficient."

"When the risk of the market is not on the GEM."

"Using the rise and fall of the ChiNext to measure the bottom of the market is quite incorrect."

"After all, even if the GEM can quickly become popular under the main attack of active funds in the market, it will restore some market investment sentiment in a short time."

"But when the crisis of institutional selling on the main board cannot be resolved, and there is not enough funds to undertake this part of the selling."

"Once the bargain hunting that rushed in in the early trading is exhausted, and under the premise that there is no hope of resolving the internal money shortage crisis in the off-site banks, in the face of a steady stream of institutional selling, the current short-term rebound trend of the Shanghai Stock Exchange will be reversed in an instant. It's time to suffer simultaneous exhaustion of strength and emotion."

"The Shanghai stock index will once again drag the rebounding GEM index and continue to sink underwater."

"In the final analysis, as long as institutions continue to sell and trample on each other's blue chips and white horse stocks on the main board, it cannot be resolved, at least until there is hope and opportunity for resolution, even if the index rebounds briefly, it will be difficult to truly bottom out."

And with his voice.

At 9:46, the GEM index returned to above 1015 points, Huaqingbao rose by more than 3%, and the amplitude exceeded 7%. Shanghai Steel Union also quickly retracted from the lowest drop of 8 points to 3 points After a drop of about 20 minutes, it rose by more than 5 points in less than [-] minutes after the opening.

And, with the frantic rise of these pre-popular core concept stocks.

More bottom-hunting funds and short-term active funds began to attack the pan-'mobile Internet' concepts such as 'mobile games', 'Internet information', 'smart terminal equipment', and 'Internet finance', causing the GEM index to fall at 10 o'clock. It broke through the 1020 point mark, which is only one step away from the 1025.51 point closed the day before yesterday.

at the same time.

The decline in the Shanghai stock index was also driven by the influx of bottom-hunting funds, which held up the continuous selling of institutional funds and retracted the decline to less than 1%.

Seeing that the index and individual stocks turned around strongly at the important support level.

It made up for the gap in early trading.

Many hot money and retail investor groups who hesitated to buy the bottom in the first time in the early trading began to follow suit and join the army of bottom-hunting.

"The bad is exhausted, and it bottomed out, haha... The index will definitely turn red today."

With the strong rebound of the index in half an hour in the morning, driving low and going high, the originally quiet atmosphere in the retail investor group of Su Yu's classmates became lively again in an instant. Huang Luolin, who loves to show off, is even more excited and directly appeals to everyone to buy the bottom: "I didn't say anything, go to Huaqingbao, the check rebounded too sharply today, and it must be the leader in the market today."

After finishing speaking, he posted the record of firm buying, and he looked extremely excited.

And under his direct encouragement...

Others in the group have also joined the army of bottom-hunting. What's more, those who were trapped in the continuous decline of the market before are now complaining and covering their positions at the same time.

under the combined force of these forces.

At 10:15, the ChiNext Index became popular first, completely covering the gap in the early trading, and once again proved the stability of the 1000-point mark to market investors.

As for the Shanghai Stock Exchange Index, under the influence of the market sentiment driven by the rise of the GEM and a large amount of bottom-hunting funds.

The decline also retracted to less than 0.5%.

But just when everyone was full of enthusiasm and believed that the market had run out of bad positions, an oversold rebound was a foregone conclusion, and the Shanghai stock index was bound to turn red next time.

The market suddenly increased its volume further.

As the core of the main board, the two blue-chip and white-horse sectors of 'big finance' and 'big consumption' suddenly showed signs of smashing the market.

1 lots, 2 lots, 5 lots, 10 lots...

Endless and huge orders emerge from these large stocks, desperately devouring the power of copying the entire market.

At 10:21, it was only 6 minutes before the GEM index turned red.

Gree Electric Appliances, a white horse stock with a very heavy institutional position, experienced a flash crash trend, followed by the weak liquor beverage sector, Qianzhou Moutai, Luzhou Laojiao, Wuliangye and other core stocks also experienced a flash crash trend, time-sharing chart 2 Within minutes, it completely submerged the rebound in early trading for nearly an hour.

And with the sharp increase in the selling of many white horses.

The "big financial" sector, which had the largest overall decline, was also weak again, and fell rapidly, and its volume was able to expand simultaneously.

"What... what's going on?"

In the retail investor group of Su Yu's classmate, Huang Luolin, who was excited to buy the bottom just now, saw that the stock index was dragged down by the sudden surge in the "big financial" sectors such as banking, securities, and insurance, as well as the "big consumption" sectors such as food and beverage, white goods, etc. , turned around in an instant, and was stunned for a while.

"The GEM has turned green, hey..."

"Hua Qingbao also turned around and retreated after rushing high."

"The Tianyu information I just bought has retraced by 2 points in an instant. It seems that this is going back to the opening time. What's going on? Why did it go up well, and then suddenly turned around."

The rest of the group, seeing the index at this moment, seemed to have suddenly lost their souls, and retreated crazily.

For a moment, he also looked dazed.

"Damn it, diving in a straight line, what are you doing? Are you going high to lure more?"

"Should I do this? I finally caught the bottom and got caught again. Hey...it's hopeless. This market really shouldn't have any illusions."

"It's so fast. In less than 10 minutes, the ChiNext Index has retracted to the 1010-point range."

"The stock index has fallen by more than 2%, which is really weak."

"Who the hell is selling? The index has been falling for a month, reaching the 2000 point mark, and there is not even a weak rebound. Do you want to live?"

As the index plunged rapidly, the atmosphere in the group also changed, and it became complaining and irritable again.

Of course, besides the retail investors in the group at this moment, Su Yu's main hot money group rushed in early to buy bottoms and made a lot of hot money in the oversold rebound market.

At this moment, facing the sudden dive of the index, he was also temporarily caught in it.

"Hey...the ChiNext Index opened low, moved high, and rebounded. It was abruptly dragged down by the Shanghai Stock Exchange Index. I was speechless."

In Su Yu's main hot money group, some people complained helplessly.

"The two core institutional holdings of 'big finance' and 'big consumption' are crazy today? Such a mindless smash!"

"It's not that these institutions are crazy, it's that under the spread of the market's money shortage crisis, institutions' holdings of individual stocks have entered a stampede mode. No one wants to smash the market at 2000 points, but in order to return cash and support the main financial institutions, they have to. "

"Hey, it's because of this reason that I avoided blue chips and white horses in the early days. I didn't expect...the nest is really full, and it's hard to have eggs!"

"It seems that buying bottoms today is wrong again!"

"I haven't done it right this month. I cut my flesh almost every day. Hey... people are stupefied."

"Indices, individual stocks, and the retracement are so fast. Looking at the situation... After so many bottom-hunting funds were buried in the early trading, the mood has collapsed again!"

"The GEM refers to a straight-line dive into the 1010 range, can the 1000 point still hold?"

"Look at the Shanghai Stock Exchange Index, the ChiNext Index has failed."

"This group of institutions are like pigs. They really have to rely on their own strength to bring down the market and directly kill the last support line of the market!"

"It's over, after chasing Hua Qingbao, if the GEM index fails to hold at 1000 points, I'm afraid I will have to cut a big piece of meat tomorrow."

"Look at the Shanghai Stock Exchange Index. If the Shanghai Index cannot hold 2000 points, the ChiNext Index will certainly not be able to hold 1000 points."

"Don't just stare at the field..."

"It still depends on whether the crisis of money shortage outside the venue can be alleviated."

"The interbank lending rate has soared to more than 30%. The central bank should take action, right? Today's noon should be a time window."

"Hey, where's Brother Su? I haven't seen Brother Su coming out to speak for a long time."

"If Brother Su's seat doesn't show up, the market seems to have no backbone. Besides falling, it's still falling. It's just too much!"

"Since Brother Su cleared the stock of the Shanghai Steel Union last time and said that he would take a break, the market has fallen into a series of sharp drops and plummets. Hey...Brother Su's judgment is really amazing."

"If I had known, I wouldn't have speculated on my own. It would be nice to buy the shares of the funds issued by Brother Su."

"There is no chance now..."

When the market rebound was seriously below expectations, institutions suddenly increased their efforts to smash the market, funds were suddenly cut off, and the index retreated in an all-round way, everyone in the group @苏禹时时.

The trading room of 'Yuhang Investment'.

Li Meng and Wang Can looked at the market trends of the two markets and found that they were almost exactly in line with what Su Yu predicted. For a moment, they couldn't help being shocked and surprised.

"As soon as the force of copying the market is exhausted, and the force of institutional selling increases, it turns out that the power of the entire market collapses." Li Meng stared at the changes in the market conditions of the two cities, and continued to ask Su Yu, "GEM The index is dragged into the water by the Shanghai stock index, so it should be impossible to hold 1000 points, right?"

Do it all at once, second time tired, third time exhausted.

At the beginning of the market, the funds for buying bottoms have been consumed and waited to be seen, and they failed to withstand the selling in the market, which led to more bottom-hunting emotions and the effect of making money.

The index fell back to the 1000-point mark for the second time, and the support will be greatly reduced.

"It's still the same sentence." Su Yu said, "As the OTC interbank offered rate remains high and the market's money shortage situation is intensifying, institutions are stepping on each other, and the status quo of returning cash flow cannot be resolved. The market It is difficult to get real support and bottom."

"Under the desperate efforts of the vast number of institutions that are the absolute main force in the market."

"The market's investment sentiment is no longer there, and the existing funds and short-term speculative funds alone cannot hold the historical mark of 2000 points in the Shanghai stock index."

"And the 2000-point barrier of the Shanghai Stock Exchange Index broke through..."

"The last line of psychological defense of the bulls is broken down, and a huge amount of panic will naturally emerge. When the time comes, the ChiNext index will be supported at 1000 points, and it will be like paper."

"If you can't keep it at 2000 points..." After hearing Su Yu's words, Wang Can couldn't help but answer after hearing Su Yu's words, "Then it will be an even deeper abyss."

According to the historical trend in 08.

Once the 2000 point is completely broken down and the market investment sentiment completely collapses, the bottom is really invisible. If you think pessimistically, if you fall below the 2000 point, according to the inertia, it is not impossible to reach 1700 or 1600 points in one go.

"Let's see the central bank's reaction!"

Su Yu paused, and said: "As long as there is news from outside the market, or we can see an opportunity for the reversal of the money shortage crisis, institutions stepping on each other, and being forced to reduce positions and return cash flow, then we can enter the market on a large scale Compete for these bloody chips, and build positions in an all-round way."

"Of course, if the Shanghai stock index breaks through 2000 points today, the decline will rapidly expand to more than 5%"

"It is also possible to enter."

"Why?" Li Meng asked, "Shouldn't we just wait and see the crash?"

Su Yu smiled and said: "On the contrary, if the Shanghai Stock Exchange Index is stubbornly holding at the 2000 point position today and fails to break through the 2000 point mark, which means that the market has not completely collapsed in sentiment and everyone is completely desperate, then …It proves that the risks of the financial system are still controllable.”

"The current goal of the central bank is to borrow the money shortage crisis to teach many domestic financial institutions a lesson in aggressive operations, and by the way, to tighten a wave of liquidity and suppress inflation."

"If financial system risks are manageable..."

"Is it necessary for the central bank to rush to stabilize the market? No need!"

"Therefore, only when the market completely breaks through all the supports, showing signs of a complete collapse and liquidity drying up, can the central bank be forced to quickly release a certain amount of liquidity to stabilize the market."

"Only in this way, the wind we've been waiting for will come."

"Furthermore, in times of despair, panic, and fear, only the huge amount of blood chips that come out can change the bargaining chip structure in the market to the greatest extent, and only then can there be an oversold rebound with a huge profit-making effect, and only then can there be prying stocks with weak funds. Move the market and create the power and motivation to continue the market.”

"No break, no stand..."

"The 2000 point of the Shanghai stock index must be broken down, so that the market conditions will undergo a fundamental change."

"Here is the bottom, but it is also the darkest time before dawn."

Following Su Yu's voice, the time passed 11 o'clock, and the Shanghai Stock Exchange Index fell sharply in the core weight sectors of 'big finance', 'big consumption' and subsequent 'medicine', 'infrastructure', and 'real estate'. The drop crossed the opening level and reached more than 3%, and the index fell to within 2010 points, which is only a layer of paper away from the important integer mark of 2000 points.

At this time, the GEM index also reached the 1000-point mark again.

And all the popular concept stocks that rebounded before have been wiped out across the board. Huaqingbao, Fenda Technology, Netspeed Technology, Shanghai Steel Union, LeTV... Many core concept stocks have almost all come out of the A-shaped form. Among them, Shanghai Steel Lianlian broke across the board and hit the limit position of 13.70 yuan, which was in stark contrast to the strong state of Lianban at the beginning of the month.

In the situation where the Shanghai Steel Union hit the limit and then was completely sealed.

The rest of the core concept stocks once again dived one after another.

Finally, at 11:16, Tianyu Information, another popular stock in the Internet financial concept sector, also hit the limit, which directly and completely brought down the sentiment of the entire ChiNext market, causing the ChiNext index to trade sideways at 1000 points for nearly 15 minutes. It broke through 1000 points and extended the decline to more than 3%. Within a few minutes, the lowest reached 991 points.

And as the GEM refers to the breakdown of 1000 points.

In the last 3 minutes of the closing at noon, the Shanghai Stock Exchange Index also ushered in another wave of rapid diving, hitting the 2000-point mark, and the time-sharing trading volume was enlarged to more than 5 times the previous average trading volume per minute.

2003, 2002, 2001...

In the extremely explosive trading volume, at the moment when the hearts of investors in the entire market raised their throats.

The Shanghai stock index finally settled at 2000.63, ushering in the noon break, and also retained the last hope of countless investors in the market to defend the 2000-point mark.

At noon, in the face of the Shanghai Index, Shenzhen Index, and ChiNext Index all plummeted by nearly 4%.

Facing the entire market, the whole line is in the form of a killing trend.

All investors, regardless of retail investors, hot money, or institutions, are wailing.

Because this is not a simple one-day slump, but a slump across the board when the market index has fallen by nearly 12% after the first half month, and when the market investment sentiment has been suppressed to the limit.

This plunge.

It was like the straw that broke the camel's back.

The lethality to the investment sentiment of the market and the lethality to the confidence of investors in the entire market is extremely huge.

Of course, amidst such howling, despair, and grief, some people still hold on to the last sliver of hope, hoping that during the noon break, the China Securities Regulatory Commission, which is the market supervision department, and even the central bank, can see the market completely crashing and completely losing money. In the crisis of liquidity, clear benefits were released in time to rescue the market.

After all, here is 2000 points, which is the last bullish threshold in the hearts of countless investors in the entire market.

pity……

There is an hour and a half break throughout the afternoon.

In the entire domestic financial market, except for the intensifying crisis of money shortage in the market, except for the high interbank offered rate, which has far exceeded the risk line, and the distressed banking institutions that are raising money everywhere, there is no clear positive news. Or the central bank, as always, remained calm.

So, under this gap.

At exactly 1:[-] p.m., as soon as the two markets opened for trading, investors in the market sold out in despair.

At 1:01, the stock index, which was fixed at 2000.63 at noon, broke through the integer mark of 2000 in a flash. After almost 5 years, it returned to the prefix 1 again, setting a new market low since 08.

At 1:05, the Shanghai stock index continued to fall below the 1990 mark, and the decline expanded to more than 4.5%.

At 1:07, the Shanghai stock index broke through the 1980 point, and the decline expanded to about 5%.

Similarly, at this moment, the ChiNext Index also fell rapidly, falling to around 980 points in heavy volume, and the decline was also approaching 5 points.

Faced with such a decline, such a situation.

Panic and despair completely enveloped the entire market.

As long as there are liquid stocks, the funds on the market are flowing out crazily, and their stock prices are also moving in one direction, that is, the limit down in a straight line.

At 1:12, the heavyweight Huatong Securities fell by the limit, Chinese Commercial Bank, Huaguo Bank, Huajian Bank... many financial heavyweights all fell by about 7%, and the time-sharing volume exploded.

At 1:18, the Shanghai stock index broke through the 1965 point, with a drop of 6%, and the ChiNext index broke through the 970 point, with a drop of 6%. As time goes by, it is still increasing crazily at a speed visible to the naked eye.

At 1:25, the turnover of the two cities exceeded 500 billion, the highest of the year, and panic broke out.

At 1:32, Hua Qingbao, which performed well in the early trading on the GEM, also hit the limit, with an amplitude of more than 15% throughout the day, burying countless retail investors and hot money who were chasing up and buying bottoms in the early trading.

At 1:42, the number of limit-down stocks in the two cities exceeded 200, and Huaxin Securities, the core leader of brokerage firms, hit the limit-down position.

At 1:47, Su Yu and Li Meng proposed six target stocks for opening positions, including Da Technology, Wangsu Technology, Huaqingbao, LeTV, Dongfang Fortune, and Straight Flush. The index fell by more than 7%, and the liquidity of the two cities declined rapidly.

At 1:52, the core weights of Huaguo Petroleum, Huaguo Petrochemical, Huaguo Construction, and Yangtze Power changed, and they rose rapidly for a while, saving the index that was slipping all the way into the abyss and seemed to be going to the limit. Several major indexes that fell by 7% ushered in the last wave of bottom-hunting funds in the market.

Also at this time...

Su Yu gave Li Meng and Wang Can an order to buy: "Let's build a position of [-]% to [-]% first, the risk of market liquidity drying up is fully revealed, the entire market has plummeted to this point, and investment sentiment has completely collapsed. It's time for the national team and regulators to step up strong and stabilize the market."

"I estimate that after the market closes at the earliest, tomorrow at the latest..."

"The central bank and the China Securities Regulatory Commission must have reported substantial positive actions."

"Here, it should be the real bottom of the market's desperation.

As he said that, he himself began to use his fund account and personal fund account to sweep the price limit on a large scale, buying the blood chips ceded by the majority of investors in desperation.

Li Meng and Wang Can responded.

Then, according to the established target stocks for opening positions, scan orders and buy on Huaqingbao, Fenda Technology, Netspeed Technology, LeTV, Flush, and Dongfang Fortune.

Then, under the joint action of the national team and bottom-hunting funds.

After 2 o'clock, the current situation of the entire market's liquidity depletion eased a little, and the major indexes and individual stocks ushered in a short-term rebound in late trading.

Finally, the market closes at three o'clock.

The stock index fell by 5.31%, closing at 1963.24 points, a full drop of more than 100 points, completely breaking through the last support of the 2000-point bulls; the ChiNext Index fell by 5.27%, closing at 971.45 points, which also completely broke through The previous support position of 1000 points.

As for sectors and individual stocks...

The banking and securities sectors fell sharply, and the sector fell by about 6.5%. Among them, Huaxin Securities finally fell by 9.1%. , can be described as tragic.

In terms of concept stocks and concept plates.

Among the 6 stocks that Su Yu drew out to open positions, except for Flush and Dongfang Fortune, which opened their daily limit at the end, with a drop of about 8%, the other stocks all had their daily limit closed.

(End of this chapter)