The investment era of rebirth

Chapter 122 Bear Market Thinking
"Brother Su's handwriting today is really arrogant, but... I like it!"

When Su Yu seldom discussed in the group, some members of the group praised him greatly: "In the future, the market may have to list a separate concept section for Brother Su, called the 'Wealth Road' investment concept section."

"It's the 'Yuhang Investment' concept section, right!" someone answered.

"Not to mention, it's totally fine!"

"Look at the hotness of the stocks held by the Su brothers after the data of the Dragon and Tiger List came out. Shanghai Steel Union, Huaqingbao, Fenda Technology, Netspeed Technology, Oriental Fortune, LeTV... A lot of them have become market discussions. The hottest concept stocks, especially the discussion heat of the Shanghai Steel Federation, directly overwhelmed the news heat of the central bank’s 5000 billion market open operation, and directly topped the list of hot stocks in the two markets.”

"Shanghai Steel Union is the first stock in the two markets today to cover yesterday's lower limit, plus the seat bonus of the Su Brothers, it should be normal to have such enthusiasm?"

"Looking at the heat, the Shanghai Steel Federation won't be straight tomorrow, will it?"

"I hope not. The Shanghai Steel Federation has also accumulated a lot of profit today. If the flat board opens tomorrow, the profit will accumulate further, and I am afraid it will not go far."

"Brother Su, what is LeTV's logic?"

"Other stocks can be understood. This is LeTV... The development of film and television media has indeed entered the fast lane, but in the field of online video, the realization of this traffic has always been a mystery. No one knows how to go in the future. You don’t know how to change the model in order to make a profit.”

"It should be a smart TV, right? They are following the same route and logic as Fenda Technology."

"Fuck, I really forgot about this. I've been thinking about online video and film and television media. I didn't consider that Boss Jia has already started to build an ecology and entered the smart TV field."

"LeTV has a lot of room for imagination, and it has the genes of a platform-based and ecological company!"

"The stocks that can be favored by Brother Su, even if they can't understand the logic for a while, they will definitely not be so bad."

"Are you a little blind?"

"Hehe... Let alone, from now on, I will resolutely follow Brother Su, and become Brother Su's follower. After all, I find that I am speculating, and in the end it is better to follow Brother Su to make money."

"Fuck, that's really what you said."

"Hey, I was also afraid of being hurt this month. Today, I followed Brother Su to buy bottoms. It was the first time I ate meat this month. It was too miserable."

"It's a pity that Brother Su didn't participate in the private placement two days ago."

"Qian is finally comfortable, and now I don't see Qian always bubbling."

"With Brother Su helping him make money, he is of course comfortable. I also want to be the same as Mr. Qian. By the way, when will Brother Su's next private equity fund be opened!"

During the discussion, everyone @苏禹 wanted to know when his next fund will be raised and sold.

Before the sharp drop in the past two days, everyone actually didn't have any persistent thoughts about purchasing the private equity products raised by Su Yu, but at this moment... when everyone saw the cruelty of the market and Su Yuxiu, everyone's scalp was numb. And after the operation, apart from admiration, the thought in my heart became stronger and stronger.

Of course, this psychological change...

It was also because everyone thought that there was not much difference between themselves and Su Yu's level of trading and cognition.

But now, after the tragic blow of the market and Su Yu's miraculous judgment and operation, everyone has realized the gap between themselves and the other party, and there has been such a change in psychological thinking naturally.

"Before the first product doubled, the company had no idea of ​​issuing a new fund." Su Yu replied in unison to everyone's inquiries, "Of course, I am very grateful to everyone for trusting me, and in view of everyone's kindness, If the company has an idea to release a new product, I will definitely tell everyone as soon as possible.”

After finishing speaking, Su Yu was in the midst of the continuing discussions and heated discussions among the crowd.

Then quit the group chat.

Then, he glanced at the news in the classmate group, selected a few private messages from classmates who had a good relationship with him before, and then he turned his eyes away from the computer screen.

It was almost six o'clock in the afternoon.

Su Yu first checked Wang Can's closing and review records, pointed out some directions and attention points for him, and then held a short meeting with the company before leaving get off work.

When I got home, I had dinner and washed up.

Su Yu turned on the computer again, looked at the trend of the external market, then organized his thoughts, pondered for a while which line the market should follow, and then fell asleep.

The next day, Wednesday, June 6.

When he came to the company, it was past 9 o'clock.

Last night, the external market trended well, the three major US stock indexes closed higher, and there was no negative news in the international market; after a wave of large-scale release of water by the central bank in China, the interbank offered rate and the overnight repurchase rate have also returned to normal , From the abnormal level of more than 30%, it returned to about 3%. The crisis of money shortage was completely resolved; therefore, the overall investment sentiment in the market was very enthusiastic before the market, and it was stronger than yesterday.

"It's really a world of ice and fire!"

After making preparations for the opening, Li Meng looked at the topic discussion enthusiasm and various hot topics in major online trading forums and communities, and said with emotion: "Compared with yesterday, it seems like a world away."

Hearing this, Su Yu laughed and said, "In the face of an uncertain market, the majority of investors, including hot money and institutions, are actually fish."

"Fish?" Li Meng wondered, not knowing why.

"Yeah." Su Yu nodded and continued with a smile, "Of course it's a fish, because fish only have a 5-second memory."

Li Mengmeng thought about it, felt that it made some sense, and couldn't help showing a smile, and said: "It's true, as long as there is a profit-making effect, everyone will naturally forget about the previous sharp drop."

"Yes." Su Yu said, "In the secondary market transactions, there is no belief. One big Yang line cannot be changed. If not, then two big Yang lines, three big Yang lines... When the market's profit-making effect continues to accumulate , When the stocks continue to gather, no matter how stubborn the bears are, they will not be able to help but enter the market and become new bulls.”

"This is the charm of the market!" Li Meng replied.

Su Yu was silent for a while, and responded: "It's not only the charm, but also its cruelty. The greed and fear of human nature are always vividly displayed in the continuous interpretation of the K-line."

"So...you can't chase the K-line." Li Meng thought about it, "You have to look at the emotions through the K-line and see the fundamentals of the market."

"That's right." Su Yu nodded, "Whether it's individual stocks or the broader market, as long as the underlying macro fundamentals are positive, no matter how panicked, the impact will be temporary, and... if you can see clearly The general direction, the panic in the market, will be the source of excess profits. After all, under the influence of emotions, the market valuation will also lose its rationality, and the rise will rise too far, and the fall will also fall too far.”

During the exchange between the two, 9:15 arrived, and the call auction between the two cities began.

Su Yu focused his attention on the market, and saw that thanks to the high market investment sentiment, more than 90% of the individual stocks have achieved high openings, and the willingness of various funds to rush to raise funds is not small.

As for his self-selected stock pool and core holdings.

Tianyu Information opened about 3% higher, and Netspeed Technology, Fenda Technology, Flush, Oriental Fortune, LeTV, etc., opened higher by about the same margin as Tianyu Information.

Only Huaqingbao and Shanghai Steel Union, the two most popular stocks in the market, have some exceptions.

Huaqingbao opened nearly 7 points higher, and the stock price was reported at 33.09 yuan, regaining a large amount of lost ground in the early stage; Shanghai Steel Union directly opened with a one-word daily limit, and the stock price was reported at 16.58 yuan.

"The collective bidding sentiment in the market is very strong!"

Li Meng saw that more than 90% of the individual stocks in the two markets opened higher, and was very excited: "It seems that the index is going to gap up today. Will there be an island-shaped reversal?"

"Impossible!" Su Yu said, "We need to eat food one bite at a time, and digest the good things bit by bit. The transition between bear and bull is a subtle process, far less rapid than the transition between bull and bear. After all, everything , Establishing is always a hundred times more difficult than destroying. Although market confidence has been restored after yesterday's violent rebound, it is still a stock game after all. It is not so easy for large-scale external investors to enter the market."

"What's more, after the central bank's liquidity is released, funds need to be fed back to the stock market."

"It will take at least one month, several months, or even more than half a year before it is possible to see substantial results."

"and also……"

"Yesterday, many stocks had an amplitude of more than 10%."

"That is to say, the many funds that bought the bottom at the bottom yesterday have already made a lot of profits at this moment. For many people, there is a very large demand for profit-taking."

"In addition, more than 95% of investors in the current market are still thinking in a bear market."

"If you feel that you can earn a little bit, you must not be greedy, or you will continue to be trapped. After all, this set has been continuously demonstrated in the past four or five years. As long as investors are still active in the market, this set of operating methods should have been deeply rooted. into their minds."

"So, the vast majority of active investors are under the bear market thinking."

"It is simply unrealistic for the index to reverse quickly and rise continuously."

"Then what do you mean..." Li Meng paused and said, "Today's index has a high probability of opening high and going low, and there is no obvious market trend?"

Su Yu nodded and said, "This is inevitable."

With that said, Su Yu looked at the market again, and saw that the daily limit orders of the Shanghai Steel Federation were constantly increasing, while Huaqingbao, Tianyu Information, Fenta Technology, Netspeed Technology... many stocks were increasing slowly Pulling back, the strength of selling is clearly increasing over time.

Immediately afterwards, at 9:20, the two cities entered the real call auction session of irrevocable orders.

The Shanghai Steel Union is still sealing the daily limit. Although the daily limit order has been slightly withdrawn, it still remains above 8000 lots and remains strong. At this time, Huaqingbao's increase has fallen back to about 4%, and there are more than 2000 call auctions. hands, and selling remains dominant.

At 9:21, the daily limit of the Shanghai Steel Union exceeded 1 lots, and Huaqingbao's increase was only 3.5%.

At 9:22, the number of individual stocks that opened higher in the two cities as a whole changed to about 75%. When it is within 3%, compared with before 2:9, the premium rate is significantly reduced.

At 9:23, the number of individual stocks opened higher in the two cities further fell to about 68%. Huaqingbao’s increase was at 3%. More than 8700 lots of sell orders were placed.

At 9:24, the number of individual stocks opened higher in the two cities fell again to around 63%. The Shanghai Steel Union daily limit seal continued to decline to 7600 lots, and the daily limit sell orders rushed to about 5200 lots.

The last 30 seconds before the end of the call auction.

The overall selling orders in the two cities have further increased, and individual stocks opened higher, and the funds for taking profits have increased with time.

In the end, when 9:25 came, the call auction in the two cities ended, and the number of stocks that opened higher had fallen back to around 58% of the overall stocks in the two cities. At 2017.47 points, it opened 0.23% higher, still stronger than the Shanghai Index.

Among them, although the daily limit of Shanghai Steel Union has dropped to around 1900 lots at the last moment, while the daily limit and selling orders have exceeded 1 lots, it still maintains the opening form of a flat board; Hua Qingbao finally opened 2.1 higher %, the stock price was fixed at 31.58 yuan; Tianyu Information opened 1.34% higher, Netspeed Technology opened 1.23% higher, Fenda Technology opened 1.14% higher...

"This... this is lower than expected!"

Seeing such opening results, Li Meng was a little surprised, and said with emotion: "It seems that the Shanghai Stock Exchange Index still has to test 2000 points in today's session?"

Su Yu nodded and said, "If you step on it harder, it should be more stable."

"The funds on the market are too anxious." Li Meng took a look at some popular stocks that had a sharp swing and rebounded more yesterday, and frowned, "It's really like you said, the market thinking has fallen into a bear market thinking, If there is no change, even if the market sentiment is good, it is indeed too difficult to get out of the continuous surge.”

"Take your time!" Su Yu replied, "If you want to change the bear market thinking of the majority of investors in the market, you must create a continuous profit-making effect, so that the majority of investors feel that short-term speculation is not as good as long-term holding stocks to make money. But... when the thinking of the majority of investors in the market begins to change, the bull market has already gone a long way.”

"En!" Li Meng replied.

Seeing that the time had passed 9:30, he stopped talking and focused his eyes on the rapidly changing disks of the two cities.

Although the fund's warehouse building has been initially completed.

But the intraday trading plan for the remaining 20% ​​of the overall position has just begun.

As the official trading began, Su Yu's eyes, after a short cruising, quickly fell on the market's most popular core stock, Shanghai Steel Union.

I saw that this stock exploded in volume at the moment when the official trading started.

Several orders of 1 lots poured out in a row, smashing the limit-up orders that were not many at all, and when the flat pattern was broken, the stock price fell rapidly. In 4 minute, it fell by nearly 6.43 points, reaching 2500 % of the increase, while the turnover exceeded [-] million, the transaction is extremely active.

Su Yu saw that the Shanghai Steel Union was broken, saw its stock price plummet, and continued to explode.

The whole person didn't move at all.

Immediately afterwards, when the vast majority of investors in the entire market saw that the strength of the market was far weaker than they expected, many investors who were still profitable began to sell.

And in this case.

The Shanghai Index, Shenzhen Index, and ChiNext Index also fell back one after another.

And when the time progressed to 9:42, the Shanghai Stock Exchange Index held above 2000 points for less than ten minutes, and then fell below 2000 points again, causing the originally stable and high-spirited market investment sentiment to recede quickly like a tide, and the plunge crisis reappeared !

(End of this chapter)