The investment era of rebirth

Chapter 162 Style Change, Emotional Climax!
"From reality to fiction..."

Su Yu browsed through the opinions debated by everyone on the financial forum, smiled, and secretly said: "There is a certain truth, but at this time, when the market is chasing the high point of the GEM sentiment, publicly singing the GEM index, it seems It's really out of date."

In Su Yu's view, although the future expectations of many core stocks on the GEM are much clearer than the so-called blue-chip stocks and blue-chip stocks on the main board, they also need to be anchored by valuation. That is to say, the overall valuation of the GEM is impossible. It is too far away from the average valuation of the main board and the entire market.

At this moment, the scissors difference between the GEM and the main board is already large enough.

Moreover, among the constituent stocks of the ChiNext Board, the dozen or so core hot stocks with the strongest future expectations, the highest attention from investors, and the deepest involvement of various big funds have basically risen by one to one percent in four months since March. Two times the range, that is to say, its stock price has already reflected future expectations.

In the absence of new positive follow-ups and corresponding performance increases to fulfill expectations.

Especially when the overall average valuation of the two cities has not improved significantly, and the entire market is still a stock game, these popular stocks, if they want to continue to rise independently and go out of a market like 'March to July', basically It's impossible to get on...

in other words……

Without the support of incremental funds, with the stock index still not moving like a mountain, the ChiNext Index is at a position of more than 1200 points, and there is little room for it to continue to go up.

In fact, the current emotional reaction of the entire market also illustrates this point in disguise.

Whether it is a long-term trend market or a short-term hype market, as long as the sentiment reaches an extreme climax and the expectations of the entire market start to become quite consistent and highly consistent, then the market is over, or the market is about to pull back sharply. It's time to start taking profits and take profits, and readjust the bargaining chip structure on the market.

"Mr. Su..."

While Su Yu was contemplating, Li Meng tilted his head and said: "Today, the market trend is turning a bit fast. In the strategic analysis, many securities companies are beginning to be optimistic about the direction of the GEM, 'mobile games', 'Internet finance' , 'smart wearable equipment', 'mobile payment' and other fields, it seems..."

"It seems like a spring breeze overnight, isn't it?" Su Yu smiled and replied, "Institutions have always invested on the right side, which is normal, but... today's market sentiment, in terms of many core hot concepts on the GEM, There are indeed some signs of overheating, and I think that many popular stocks should be building a short-term top range."

Hearing this, Li Meng asked: "That is to say... we need to gradually reduce our holdings of targets that have risen too much in the short term, and return some of the funds, right?"

"Yes!" Su Yu nodded, "Starting tomorrow, the higher the price, the lower it will be. Fenda Technology, Netspeed Technology, Huaqingbao, LeTV, etc. have recently increased significantly, and have been funded by many institutions in the market. For stocks that are strongly concerned, gradually reduce to about [-]% of the current position, and then wait for the next adjustment, and then add back the reduced position at a low level."

For these tickets...

The current stock price reflects expectations, but its long-term future expectations are still positive.

That is to say, the long-term logic supporting the stock price has not changed, but the stock price has risen too much in the short term, and the expected change has not kept up with the rise in the stock price, resulting in a huge demand for the stock price to withdraw in the short term.

Therefore, Su Yu is strategically.

I didn't plan to completely reduce my holdings of these stocks, but I planned to reduce them to a suitable position that can be attacked or retreated, and then look for opportunities to move.

"Okay!" Li Meng replied, writing down this matter.

She also believes that the current investment sentiment in these popular stocks is a bit overheated, and the short-term gains are huge, and there is a possibility of a sharp correction.

"Oh, right……"

Li Meng paused, and continued: "I searched through various discussion topics on the Internet and various news on Caijing.com, but I still haven't seen anyone mentioning the 'Shanghai Free Trade Zone'. There is not even a single message or rumor, and since we have built positions in Waigaoqiao, Lujiazui, Shanghai Stock Market, Shanghai-Hong Kong Group, Pudong Jinqiao, Jinjiang Investment... for such a long time, we have not seen any Big funds took care of and rushed to raise these stocks, I think we are too sensitive about this matter, in fact..."

"Wait a little longer!" Su Yu interrupted Li Meng's words, "These stocks have not fallen much during this period of time. We are lurking in it, and the loss is not large. No matter the cost of holding positions or the cost of time, it is all It is acceptable, observe for another week or two, if there is still no movement, you can retreat."

According to the development of the historical track.

Su Yu reckoned that after entering August, within a week at the latest, many institutions and major funds that have obtained a little bit of inside information should take action.

"Okay!" Li Meng responded softly.

She didn't really have much hope for this.

It's just that Su Yu insisted on it again and again, coupled with the fund's position on it, it really didn't lose much. The loss was only some time cost and opportunity cost, so there was no need for her to continue to firmly oppose it.

During the discussion between the two, at 5:[-] in the afternoon, the new dragon and tiger list was refreshed.

I saw that Shanghai Steel Union and Huake Jincai were on the list one after another. Among the remaining popular stocks on the GEM, Huaqingbao, Changqu Technology and Fenda Technology were also on the list.

"Shanghai Steel Federation, today is the owner of Shanghai Hongqiao Road!"

After seeing the updated Dragon and Tiger List of the Shanghai Steel Federation, some of the investor groups who paid attention to this check said with emotion: "After Hongqiao Road left the market the day before yesterday, I didn't expect to chase the high again today, and today the owner of this road is buying The quantity is larger than what he sold the day before yesterday."

"To be honest, this Dragon and Tiger Ranking is a bit of a surprise!"

"Hongqiao Road's return proves that Hongqiao Road believes that the market of the Shanghai Steel Federation is far from over!"

"It's a good thing that Hongqiao Road is the master. This fund is not very fond of smashing the market, and although the structure is far inferior to Fortune Road, it can be regarded as the main fund with both strength and structure in the market."

"Today, Fortune Road and Zheshang Securities Shaoxing Branch did not appear on the Dragon and Tiger List. Is this a lock-up?"

"Wealth Road is locked, as expected, but I didn't expect that the Shaoxing branch's funds, with a volume of more than 4800 million, were still undistributed."

"Does this mean that the Shaoxing branch is indeed another related seat on Fortune Road?"

"It should be the associated seat, that's right, but I'm not sure about the Shaoxing branch, is it just Fortune Road who is operating it?"

"That shouldn't be the case. After all, before Fortune Road, the Shaoxing branch has appeared on the Dragon and Tiger List many times, and this guy has never cooperated with Fortune Road before. I guess it's just this cooperation?"

"Anyway, it's a good thing for the two big shots to lock up their positions together."

"Yes, I can rest assured that Fortune Road is locked. This proves that Shanghai Steel Union can continue to hold it, and... I believe that the 50 yuan mark will definitely be trampled by Shanghai Steel Union."

"Although Fortune Road did not appear on the Dragon and Tiger List today, Fusheng Road appeared. You can see that the follow-up stocks of Shanghai Steel Union are the data of Huake Jincai's Dragon and Tiger List. Fusheng Road is T on Huake Jincai. , this should also explain from the side that Fortune Road is still optimistic about the follow-up trend of Shanghai Steel Union?"

"Haha... Really!"

"That's why Fusheng Road and Fortune Road are no longer on the same stock, and they are linked?"

"I don't know, but according to the previous data of the Dragon and Tiger Rankings, the two seats are definitely operated by the same person, because the consistency is too strong."

"Wealth Road, Shaoxing branch lock positions, Fusheng Road is T, Hongqiao Road is the head of the high position, plus Fenda Technology and Changqu Technology are on the dragon and tiger list, and there are three institutional seats at the same time... Tomorrow's market, There should be no need to worry too much, the Shanghai Steel Union will definitely be able to connect to the board, and the ChiNext will definitely still be the index sector with the strongest profit-making effect in the two cities.”

"That's for sure. Judging from the Dragon and Tiger List, the hot money bigwigs are obviously more concentrated on the core hot stocks on the GEM, but on the main board, the stocks on the list have poor acceptance power, even if they are good. The stocks that have resumed trading appear on the list, and there is basically no hot money that is too strong."

"The GEM has reached a new annual high today, and it will definitely go smoother if there is no hold-up and suppression in the future."

"Well, there is really nothing to hold on to the GEM above 1200 points."

"The key is that institutions have also begun to be optimistic about the market of the GEM. Coupled with the speculation of upstream capital, the GEM now has more than 200 stocks in total. Stocks in emerging industries are scarce, and I think there will be no problem with the ChiNext index catching up with the Shanghai stock market.”

"Yes, it's no good if you still hold on to the old ideas and speculate in stocks with those big guys on the main board."

For the majority of retail investors in the market, in the discussion on the data of the Dragon and Tiger List, the topic gradually shifted, and it turned to the follow-up market of the GEM, as well as the mindless bullishness of many core popular stocks and core popular sectors.

And in this high-pitched emotion...

The next day, August 8st, Thursday, Shanghai Steel Union, Huake Jincai, Tianyu Information, Huaqingbao, Changqu Technology, Fenda Technology, Netspeed Technology...etc. Stocks, at the beginning of the call auction, were scrambled by a large amount of funds, and they opened sharply higher.

Among them, Shanghai Steel Union actually opened on the daily limit board, and its stock price was reported at 48.21 yuan, an increase of 9.99%.

"One-word daily limit?"

Su Yu stared at the highly consistent emotional call auction board of the Shanghai Steel Federation, and was very surprised: "The initial 1.1 lots are sealed, which is more intense than the emotional consistency I expected!"

"However, if you want to continue your vitality and go up to a certain height, you can't shrink here."

Thinking about it, Su Yu immediately placed a sell order of 7 lots at the price of 46.90% increase, that is, at the position of 10000 yuan, to suppress his emotions, and prepared to open the situation where he had a one-word daily limit, and suppressed the stock price. High point, create some divides.

After all, this is only August 8st, and there are still almost ten trading days before the main line of the "Shanghai Free Trade Zone" appears.

However, the Shanghai Steel Union's market continues. Before there is any new major news, it is necessary to persist until the main line of "Shanghai Free Trade Zone" appears.

At this point in time, you can't shrink and speed up, and just run out of emotions in one wave.

According to Su Yu's idea of ​​trading, he wanted to fully disclose the news of the Shanghai Steel Union's market situation to the "Shanghai Free Trade Zone", seek the maximum benefit from this stock, and at the same time borrow the information of the "Shanghai Free Trade Zone" 'This magnificent macro-hype main line to ship.

So, at this time...

He is determined not to let the Shanghai Steel Federation go into a shrinking position, and then form a bargaining chip breakout, directly exhausting emotions in a wave, and get out of an irreversible huge top situation.

With his 10000 sell orders, it appeared on the call auction board of the Shanghai Steel Federation.

I saw that the 1.1 lots that were originally sealed by the daily limit dropped sharply to 892 lots in an instant, and the 48.21 yuan call auction matched the transaction order, which instantly increased from the initial 315 lots to 11436 lots.

Afterwards, countless people withdrew their orders.

In just 5 seconds, the one-word daily limit pattern of Shanghai Steel Union was destroyed, and its stock price also fell from 48.21 yuan to 46.89 yuan in a flash, an increase of 6.99%, and the matching transaction order also dropped from 48.21 yuan to 11436 yuan. The number of lots changed to 1512, and above 46.89 yuan, the main sell order of 10211 turned out to suppress the market, preventing the Shanghai Steel Union's stock price from bidding upwards.

9点16分，9点17分，9点18分……

Su Yu did not cancel the order, and still let the 10000 lot order be pressed at the price of 46.90 yuan.

At this stage, the stock price of Shanghai Steel Union has dropped step by step to 46.63 yuan, an increase of 6.42%. Suppression has become the main buying support.

Below 46.63 yuan, there are 3100 lots of main buy orders.

Immediately afterwards, the time entered 9:19, and when everyone realized that there was a strong order below, many funds began to bid upward again.

46.63 yuan, 46.73 yuan, 46.83 yuan...

In the last 9 seconds of 19:15, the stock price of Shanghai Steel Union once again hit 46.89 yuan, and Su Yuna's 46.90 lot order at 10000 yuan appeared on the market again.

"Will you cancel the order?"

When they saw the position of 46.90 yuan, the 10000-lot order appeared again. All investors who followed the Shanghai Steel Union had the same question in their hearts, because whether the 10000-lot order was withdrawn or not would directly affect the future of the Shanghai Steel Union. The call auction trend and the overall sentiment changes in the market.

9点19分47秒，9点19分50秒，9点19分52秒……

When the hearts of many investors are raised in their throats, when the Shanghai Steel Federation's call auction matching orders quickly soared to more than 4600 hands, when 9:20 is coming.

In everyone's field of vision, the 10000 lot orders that straddled the board and prevented the stock price of Shanghai Steel Union from continuing to rise, and the upward bidding, finally disappeared.

Subsequently, the time reached 9:20, and the call auction time for irrevocable orders began.

The stock price of Shanghai Steel Union lost its resistance and jumped over the 47 yuan mark in an instant.

(End of this chapter)