The investment era of rebirth

Chapter 274 High platform diving, the main line is divided!
I saw that not only the relatively weak marginal concept stocks showed obvious signs of large-scale selling, but also the core popular stocks showed signs of large-scale selling, and the profit-making surge was quite fierce, and as the core weight of the securities sector, Huaxin Securities and Huatong Securities' also opened their daily limit, and their stock prices fell rapidly.

"Is the emotion transmitted so quickly?"

Seeing that Huaxin Securities and Huatong Securities crashed in a flash, and the main funds were completely withdrawn, Mou Zhengxing, who had just put up the main selling order, was dumbfounded: "The moment before, I was desperately chasing higher, for fear that I would not be able to buy chips, and now I am desperately canceling the order. , selling desperately, this market change... is really unexpected."

"There was a wave of capital just now, but it is obvious that the amount of energy has not kept up." Fang Xinsheng said on the side, "while the blood loss effect on other sectors of the two cities is still increasing, so... as long as there are a little smart funds in the market , we know that the market will not go up without adjustments here, and the 'securities and venture capital' sector is not strong enough to take on the insufficient situation, and naturally the profit margins that could maintain a wait-and-see mood before will surge out."

"Xiao Mou, don't think so much..."

Fang Xinsheng paused for a moment, and continued: "Just put out all the bargaining chips of non-core popular stocks in the field of 'securities and venture capital' in our hands."

"All of them have been sold according to the market price." Mou Zhengxing responded.

And with his voice...

'Securities and Venture Capital', the core popular concept sectors of the two major markets, both broke the board of 'Huaxin Securities and Huatong Securities', and when the stock prices fell, their sector indexes, as well as many stocks in the sector, have ushered in a diving trend.

Immediately afterwards, at 10:46, the net inflow of funds in the securities sector dropped from a maximum of 33.6 billion to less than 30 billion in a flash. Suppressed buying, took the lead.

At 10:48, the securities sector index rose from a maximum of 6.57% to 5.55%.

At 10:50, Huaxin Securities and Western Securities broke the board. In the securities sector, the number of daily limit stocks dropped sharply from eight at the previous peak to four. At the same time, Wanqi Enterprises, Fudan Fuhua also opened the daily limit, and the number of individual stocks with daily limit in the sector dropped sharply from 4 to 11.

At 10:53, the stock index rose from a maximum of 2.57% to within 2%.

At 10:55, the securities sector index fell below 5%, and the net inflow of funds in the sector fell back to around 20 billion. The main funds that flow out of almost 1 million every minute are changing. At the same time... the market has been extremely weak since the opening The core concept sectors of the GEM, that is, the related concept sectors of 'Mobile Internet' and 'Smartphone Industry Chain', have ushered in significant buying. Huaqingbao and Wangsu Technology, two popular stocks in the early stage of deep adjustments, The stock price has seen a straight-line rise, and it seems that the main funds are doing speculative operations of switching between high and low.

At 10:57, the securities sector index continued to fall back to about 4.5%, and the stock prices of Huaxin Securities and Huatong Securities both fell back to around 6%. The net inflow of funds in the sector fell back to below 20 billion, but the speed of net outflow began to weaken.

At 11:01, the securities sector index fluctuated between 4.25% and 4%, and the 'venture capital' concept sector index fell by 4%, maintaining a range between 3.5% and 3.85%. Concept fields related to 'Mobile Internet' and 'Smartphone Industry Chain', namely 'Mobile Games', 'Electronic Information', 'Apple Industry Chain', 'Wearable Devices', 'Network Security' and other conceptual sectors rebounded significantly. Sector indexes have turned red one after another. Among them, Huaqingbao and Netspeed Technology have risen by more than 4 points in a straight line, catching up with the rise of the Shanghai Stock Exchange Index from underwater in one breath, and outperforming the broader market indexes of the two cities.

At 11:02, the Growth Enterprise Market Index returned to the 1% increase mark, and the gap between the increase and the Shanghai Index was within 0.5 points.

At 11:05, the Shanghai stock index continued to fall back to the position of 1.45% increase, and the ChiNext index maintained an increase of about 1%. After a wave of rapid diving, the two cities returned to a stable state, but during this period, the "restructuring backdoor" This line fell again and again without any improvement. The stock price of the core concept stock Xinwei Group failed to rebound, and was hit by a large amount of funds near the limit.

"The trend of the market spreading to the entire 'big finance' field, and the extreme explosive trend of the securities sector hitting the daily limit collectively failed!" Facing the market situation that has stabilized after the dive, Yanjing at this moment, Shen Inside Hua Fund, Chang Li, the fund manager, couldn't help but sighed softly, feeling very regretful in his heart, "It's a pity that I didn't rush forward after my emotions have been set to this point."

"The market volume is slightly insufficient. In addition, the securities sector index has soared by more than 15% in three trading days. It has broken away from the previous nine-month range and entered the heavy pressure of holding the market. It is difficult to pass for a while. It's normal." Next to Chang Li, Lin Zhaoye, Director of the Fund Management Office, said, "However... After such a top, the upper bargaining chip structure should have been loosened."

"Wait until the market sentiment continues to stabilize, and then adjust the market with a slight shock to clear up some profit taking and floating chips."

"The next shock will be easily passed."

"Now that the market has formed a strong expectation of a 'comprehensive bull market', coupled with the announcement of the IPO restart, there are still a few days left, so the diving in the line of 'securities, venture capital' here is not considered to be a market. The turning point can only be regarded as a short rest before the real attack!"

"I'm afraid that some ignorant hot money will take advantage of this short-term adjustment and lead the market back to the GEM direction to the 'mobile Internet' and 'smartphone industry chain' related concepts." Chang Li frowned slightly and said. "It is entirely possible that the market will change in this direction before the dark news of the IPO restart in the market officially emerges, and once it changes in this direction... the market's main market and active funds are dispersed, then' It is difficult to go further in the line of securities and venture capital.”

"Shouldn't change in the direction you said." Lin Zhaoye thought for a while and said with a smile, "there are a lot of smart funds in the market, and those who are well-informed are even less common. We can get news. Others with deep backgrounds Various institutions, even private equity funds, will definitely be able to, but in terms of time, it may not be so timely."

"I believe ... there is this heavy news that the market is restarting IPOs to suppress it."

"Following the GEM, the main lines of popular concepts in the early stages of 'mobile Internet', 'smartphone industry chain', and 'film and television media' with high weight attributes will not have any big opportunities, and they will not be able to gather too strong sustained money-making effect."

"Furthermore, although the main lines of these popular concepts in the early stage have been adjusted a little, compared with their several times increase, the time and space for adjustment are still not enough."

"So, I'm sure..."

"After a brief adjustment in the market, the core focus will definitely return to the line of 'securities and venture capital'. After all, under the dark line of IPO restart in the market, there is only this main line of concept, which has a clear future. It is expected that it can be called a safe-haven sector in the market.”

"So, we should...keep the existing positions unchanged?" Chang Li asked.

Lin Zhaoye nodded, and replied: "Looking again, I feel that it is not the time to take profits on a large scale. At least...Although the market dived violently just now, there was no obvious panic outflow." Investing in the 'concept sector', there is no such thing as an extreme sky-to-floor trend."

"Okay, let's take a look again." Chang Li thought for a while, then nodded.

In the final analysis, even though he has a little worry in his heart, he is not willing to let him take profits here on a large scale. First, it is still several days away from the best time for exiting positions; second, On the road to wealth he was waiting for, the main positions had not been fully entered. At this time, all positions were fully sold out to stop profits. First, the profits were not large, and second, they could not lock the opponent.

And as the two communicated...

Also at this moment, Yuhang, Jingda Investment, and the trading room.

Gu Chijiang and Lin Tingzong looked at the market that suddenly plunged and changed, and saw that the market was weak at the beginning of the session, and now it has rebounded significantly, showing that the "mobile Internet" and "smart phone industry chain" that replaced the "securities and venture capital" market 'The two major funds have heavy positions in the field, but they have encountered difficulties for a while.

Originally, the two people's previous consistent strategy was to resolutely reduce their positions in consideration of the potential risk points in the market.

But now, after Gu Chijiang inquired for a while, he did not hear any news about the restart of the market IPO, and the field of fund heavy positions has obviously ended adjustments, and the market has returned signs. strategy, he couldn't help hesitating again.

"Old Lin, the GEM is showing signs of recovery!" Gu Chijiang said.

Lin Tingzong knew the meaning of Gu Chijiang's words, pondered for a moment, and said, "Mr. Gu, my suggestion... it is better to continue to reduce the position, and keep the profits you get first."

"Although in the current market, there is no clear negative news coming out."

"However, there is nothing wrong with Fortune Road's recent trading movements on the market, and there is no problem with our previous analysis and its logical relationship."

"At this time, I am greedy for a little profit, and I am afraid that we will lose even more good opportunities to play."

"and also……"

Lin Tingzong paused, and continued: "Just now this wave of diving, the line of 'securities, venture capital', but the market is slightly differentiated, its core concept stocks, such as Orient Securities, Zhejiang Orient, Orient Ventures, Shibei A large number of popular stocks such as Hi-Tech, Zhangjiang Hi-Tech, and Zijiang Enterprises are still tightly sealed without any loosening, which shows that the market of this line has not come to an end at all.”

"As for the market of the line of 'securities, venture capital', if it continues to be interpreted in the future."

"The two early popular main lines of 'mobile Internet' and 'smartphone industry chain', which undertake the market, still have no sustainable market development opportunities."

"Recently, the index has reached new highs one after another, but we have repeatedly stepped on the wrong market rhythm. In the new high school of the index, not only failed to make money, but also lost a lot. In trading... I think mentality is a relatively important thing. Now if we are eager to make money and want to make up for the losses of these few trading days quickly, I am afraid that our mentality will become more unbalanced and we will step on the wrong rhythm."

"So, I suggest that we reduce our positions and take profits first, and take a look at the next development of the market, and wait until the market changes further and the certainty continues to increase."

"Didn't Mr. Gu often say 'the opportunities in the market are endless'?"

"Since that's the case, why should we be in such a hurry when we have made up for the annual loss and the fund's performance has also completed the established annual target?"

"In fact, sometimes, in market transactions, slow is fast, and fast is slow!"

Gu Chijiang heard Lin Tingzong's words, thought for a while, and realized that he was really too anxious, and couldn't help saying: "Okay, since you have made an established investment strategy, then implement it step by step. In the trading market, 'slow is fast' , fast is slow’, this sentence is worth experiencing carefully!”

After figuring out the tricks...

Gu Chijiang felt that without catching up with the wave of "securities and venture capital" market, at this time, he would go to the GEM to recover, and the two main lines of "mobile Internet" and "smart phone industry chain" might replace the "securities and venture capital" 'The high risk and profit of the market is indeed a bit demented, and I no longer think about changing the trading strategy.

However, just when the two of them weighed the pros and cons and decided to continue implementing the previous trading strategy...

In the analysis room next door where the two are.

After Mu Yao borrowed money to replenish a part of the margin, he watched Huaqingbao, Changqu Technology, Fenda Technology, Netspeed Technology and other early popular stocks rebound strongly, showing signs of regaining lost ground and returning to the main market trend. Like a red-eyed gambler, with an extremely excited look on his face, before the market closed at noon, he bought all the last bit of liquidity in his hand, hoping to take advantage of the strong rebound of these heavily held stocks, In one wave, the losses of the previous two trading days were earned back with interest.

"I figured it out. The Shanghai Stock Exchange Index and the ChiNext Index are just a seesaw." After buying, Mu Yao, who was full of excitement, said confidently, "Now the line of 'securities and venture capital' has reached the stage. At a high level, at the node of adjustment, the funds obtained from profits will definitely backhand buy the two core concepts related to the core concepts of the GEM weight, 'mobile Internet' and 'smart phone industry chain'."

"I don't believe it..."

"Under the strong expectation of another round of high-low switching in the market, the two main lines of 'mobile Internet' and 'smartphone industry chain' in the early stage cannot make a decent rebound."

According to his current position, not to mention these popular stocks in his hand, rebounded to the new high set in the previous period, as long as he can get out of the 10% rebound, he can recover the account loss with profit and make a large profit. And at this position... a 10% rebound upwards, Mu Yao thinks it is extremely probable.

After all, the market currently has continuous future expectations and a conceptual sector with strong imagination.

As for the line of 'big finance' headed by 'securities and venture capital', and the line of 'emerging economy' composed of 'mobile Internet' and 'smart phone industry chain'.

And only these two lines have gathered a strong enough continuous money-making effect.

The hype of active funds in the market is inertial.

Therefore, Mu Yao believes that in the main hype line of 'securities and venture capital', the bargaining chip structure has become loose, and when the market starts to enter the adjustment stage, another line of 'emerging economy', which has been adjusted for several trading days, has been relatively low. A line will inevitably explode.

Moreover, as the core popular leading stock in the line of 'emerging economy'.

Huaqingbao, Changqu Technology, Fenda Technology, Netspeed Technology... These stocks will inevitably be the first targets of the main capital attack when the market turns.

As he was excited and talking to himself excitedly, 11:30 arrived.

In the end, the Shanghai designated price rose by 1.38%. Although it fell back significantly, it still stood firm at the 2400-point mark, maintaining a continuous upward trend of hitting new highs in rebounds; the GEM designated price rose by 1.18%, standing at 1370 points , set a record high.

In addition to index performance, sectors and individual stocks.

The strongest performers in the two cities are still the "securities and venture capital" concept sectors. Although the gains of the two sectors have fallen by almost half compared to their intraday highs, they still maintained an increase of more than 3% in the end, leading the rise of all industries in the two cities plate, and its concept plate.

Immediately following the related concepts of "Securities and Venture Capital" is "Internet Finance" in the direction of the Growth Enterprise Market.

Then consumption, infrastructure, real estate, and 4G communications also all performed well.

As for the “Mobile Internet” and “Smartphone Industry Chain” related concept sectors that have been receiving much attention and underperformed the market for several consecutive trading days, and even led the decline in the two markets, today they opened lower and fell sharply. Significant rebound trend, related concept sector index, or slightly behind the GEM index.

Of course, the concept sectors related to 'restructuring and backdooring', especially the ST sector, continued to be largely abandoned by mainstream funds. At one time, when the market plunged most violently, there was a trend of a limit-down trend, and its related concept stocks led the decline in both markets one after another. Occupy the forefront of the decline list of the two cities.

"Unexpectedly, under the rapid dive, the index actually hit a new high." Looking at the closing prices of the two markets at noon, Li Meng smiled in the trading room of the 'Yuhang Investment' company, a little surprised Authentic, "The trend of the GEM in the morning is really unexpected. I thought that... under the potential negative pressure of the restart of the IPO market, a large number of profit-making orders came from the line of 'securities and venture capital', and I would definitely not touch entrepreneurship again." At least there will be no high-level pullbacks, and there is not enough time and space to adjust individual stocks in the two core concept areas of 'mobile Internet' and 'smartphone industry chain'."

"It's not surprising." Su Yu said, "There are many smart people and smart funds in the market, but with a huge investor base in the market, the news is not so well-informed, and the macro-sight is not so transparent. I firmly believe that this is the case. In an all-round bull market, the index will only go all the way north, retail investors and hot money, but there are not many."

"Excluding the potential major negative of the market's IPO restart..."

"According to the morphological analysis that the market is in the early stage of the bull market, after these funds have made profits on the line of 'securities and venture capital', they have turned to attack the core popular main line concepts that have been adjusted in the index for several trading days in succession. , there is nothing wrong with it, but rather a smart move.”

"It's just, it's a pity that the basic logic and prerequisites of the operation are wrong."

"Yeah!" Li Meng responded, and continued, "In the morning, the divergence market in the line of 'securities and venture capital' has come out, what do you think in the afternoon...how will the markets of the two markets go?"

(End of this chapter)