The investment era of rebirth

Chapter 278 The Confidence of the Bull Market Has Collapsed!
"Okay!" Li Meng replied, and then quickly gave instructions to the traders.

Immediately afterwards, in less than half a minute, the main sellers with tens of millions and hundreds of millions of funds smashed down the popular stocks in the concept field of "securities and venture capital".

only see...

The increase in Huatong Securities fell from 8.95% to 6.31%, and within 1 minutes, the new turnover reached 1.26 million.

The increase in Huaxin Securities also fell from 7.31% to 5.11%, and within 1 minute, the new turnover also broke through the [-] million mark.

Huashang Securities, Luxin Venture Capital, Zhangjiang Hi-Tech, Tuozhong Stocks... and many other stocks.

Almost in an instant, the diving price fell by 3 points, and the real-time transaction interface exploded in volume.

At the same time, driven by "securities and venture capital", the stock index rose to more than 2%, reaching the highest point of 2477.77 points, and also ushered in a rapid dive. Within 2 minutes, the increase retracted to less than 2%, and The time-sharing interface also presents the status quo that the volume can be rapidly enlarged.

"Again, such a large amount, who is throwing away?"

Seeing that the index dived rapidly at a high point, seeing the field of "securities and venture capital", many popular stocks such as "Huaxin Securities, Huatong Securities, Huashang Securities, Zhangjiang Hi-Tech, Luxin Venture Capital, and Tuozhong Stocks" suddenly exploded in volume Inside Yanjing and Shenhua Fund, Chang Li, the fund manager of the 'Blue Chip Selection' product, frowned, and said very speechlessly: "Such a good market sentiment, such a good market trend, such a concentrated market follow-up effect, how come Can’t wait until the emotional catharsis is complete, the index will form a greater siphon effect around 2500, and then throw it away when more liquidity is created? They are all short-sighted guys!”

"Such a concentrated sell-off, it seems...a certain large institution chose to take profit and exit the market." Beside Chang Li, the director of the Fund Management Office, Lin Zhaoye, said, "However, today's market is more sentimental than the previous few trading days. They are much stronger, and the trading volume and follow-up effect of each stock are also extremely powerful. As long as there is no consistent selling expectation, this market... I am afraid it will not be so easy to sell."

"I'm not worried about this stock of funds, which will blow the market down." Chang Li said, "I just think that some institutions are really short-sighted."

"Sentiment is so strong today..."

"And after the differentiation yesterday, the market sentiment quickly turned into a consensus. Obviously, this is the performance of the market going to go up in an all-round way."

"Combined with the fact that the Shanghai Stock Exchange Index is currently 2500 points away, it is less than 2 points away."

"At this threshold, when the market has formed a general bull market expectation, there is a huge overcoming expectation. As long as the market does not encounter a major negative attack in a short period of time, it can be said... At this juncture, 2500 points will inevitably Overcome under strong expectations from investors in the broad market."

"And there may be a major negative market..."

"As far as we know, there is only one aspect of 'market IPO restart'. However, the resolution of the internal committee of the regulator will only be held on Friday, which means that this news must be clear, at least after the market closes on Friday. It has given the market sufficient market space to play.”

"And, even if the news is clear."

"The 'securities and venture capital' sector is also a good sector for the 'market IPO restart'. I really don't know...what is there to be afraid of?"

"The performance of the main funds of each institution is different, and naturally there are also differences in trading strategies." Lin Zhaoye said with a smile, "We think that the best time to stop profit has not yet arrived, but others may not necessarily think so, complaining is useless , let’s do what we should do first!”

"Keep an eye on the stocks of Orient Securities, Orient Ventures, and Shibei High-tech."

"As long as these stocks can be stabilized, and there is no large-scale profit-taking and profit-taking in the wealth road among them, and they are eager to leave the market, then there will be no big problem."

In Lin Zhaoye's view, this round of "securities and venture capital" market is completely supported by emotions.

As for the impact on market sentiment, the appearance of one or two large institutions is simply not comparable to the impact of Fortune Road's smashing.

Chang Li nodded, and replied: "The market for 'securities and venture capital' has risen so rapidly, the funds of Fortune Road should not have grabbed many chips in this field, and at the same time, the profit margin of his positions should be Not too big, according to his previous operating style, I guess he will not take profit in advance before he is emotionally exhausted."

"I hope!" Lin Zhaoye said, "Although this fund is very likely to be on the line of 'securities and venture capital' and has not caught up with many bargaining chips, the buying and selling behavior of its seats has a strong impact on the sentiment of the majority of retail investors and hot money in the market. It has a great impact, and I hope he can continue to lock up positions, so that this investment sentiment in the market can last for a while, so...we can hand in an excellent report card at the end of the year."

"Actually..." Chang Li paused, disapproving of Lin Zhaoye's high opinion of the market influence of Fortune Road's funds, and said, "Although Fortune Road's funds have a certain influence on market sentiment, , but in the face of market trends, it is still not worth mentioning."

"The current market trend has already formed."

"'Securities, venture capital' has also become the market sector with the strongest effect of making money in the two cities."

"Even if Fortune Road made its appearance today, I estimate that this round of market trends will not stop until the news of 'market IPO restart' is completely clear."

"At least... the market's high point should be around 2500."

Lin Zhaoye sensed the change in Chang's favorable mood, smiled, and said, "Old Chang, I'm not saying that the funds from Fortune Road will definitely affect the market trend, but that we are pursuing the market profit maximization. , and we must not forget the potential market risks.”

"It's not really a bull market after all..."

"We can't fool ourselves into this false lie."

"The line of 'securities, venture capital' has come up this wave. Up to now, the related sector index has also increased by about 20%. In terms of individual stocks, such as Orient Securities, Orient Ventures, Zhejiang Orient, Shibei High-tech, Zijiang Stocks such as companies are almost 50% higher.”

"The leading brokerage firms like Huatong Securities and Huaxin Securities have also seen an increase of almost 30%."

"At this time, our expectations can no longer be placed at a high level. We must pay attention to the risk of a market correction. At the most suitable time, we will accept it as soon as it is good!"

"Don't worry, Lao Lin." Chang Li nodded slightly, "I've been keeping an eye on the market, and I won't miss the opportunity. At least I think that even if I can't really break through the 2500-point threshold of the Shanghai Stock Exchange Index, with such strong expectations from the market, how can I make a breakthrough?" Anyone can touch it."

"And, look..."

Chang Li paused, pointed at the changing market on the big screen in the trading room, smiled, and said: "The 'Securities, Venture Capital' sector, and the index trend, are now recovering after the dive just now. Well, it seems... before the closing time at noon, the stock index and related concept sectors of 'securities and venture capital', as well as core popular stocks, will be able to reach new highs and regain lost ground."

"This is the best!"

Lin Zhaoye stared at the market changes on the big screen, responded, and stopped talking.

And as the two continue to pay attention...

Sure enough, before the closing time at noon, when the time passed by 11:03, the 'Securities, Venture Capital' sector index, and the Shanghai Stock Exchange Index completely recovered the previous diving decline and hit a new intraday high, of which the Shanghai Index broke through in one fell swoop At 2481.23 points, there is less than 2500 point increase distance from the 1 point mark.

"The index was recovered so quickly!"

Seeing that the Shanghai Stock Exchange rebounded to a new intraday high, Li Meng stared at the market change in Yuhang, Yuhang Investment Company, and the trading room at this moment, a little surprised: "President Su, we have already reduced our funds by 10 billion in a row. , however... did not have any impact on the board."

Su Yu nodded slightly, and responded: "The siphon effect of 2500 points in the Shanghai stock index has begun to occur. At this moment... the active funds in the entire market are flowing into the securities firms on the main board and the entire 'big financial' weighted sector. With liquidity, our 10 billion funds did not cause too much market traces, which is also normal."

"Continue to reduce..."

Su Yu paused, and continued: "Take advantage of the moment when the market is most liquid in the 'big finance' field, and take profits on a large scale."

"If you miss this opportunity, wait for the market sentiment to die down a little bit."

"When everyone finds that the pressure level of 2500 points is not so easy to break through, then...the huge amount of funds in our hands will not be so easy to sell at a high level."

The company's two main funds have invested a total of nearly 80 billion in the line of 'securities and venture capital'.

Now, counting the profit, counting the 17 billion chips that were lightened on a large scale yesterday, and the 10 billion chips that have been lightened so far this morning.

In their hands, there are still about 70 billion chips left that have not been released.

And with such a huge amount of chips, if you want to reduce it to the 20% overall position level that Su Yu said, there are still about 46 billion chips, so you need to quickly reduce your holdings and exit the market.

"En!" Li Meng replied.

Without hesitation, he continued to direct the traders to reduce their positions substantially, and to sell against the various funds that the market was chasing.

And at the same moment...

Yuhang, Jingda Investment's interior, the trading room, has cut off most of the positions on the two main lines of 'mobile Internet' and 'smart phone industry chain' to free up funds. Mu Yao saw the 'securities, venture capital' sector Many popular core stocks are not afraid of adjustments at all, and the trend is extremely strong. I am afraid that if I don’t take any action, I will chase after the index above 2500 points.

Therefore, ranging from index and 'securities, venture capital' related concept sectors, and their core concept stocks to pull back, that is, aggressively chasing positions and buying.

"What the hell... You still have to chase the hot spots, and the only way to have a future is to chase the leader!" Seeing that the position he just bought is already on the road to profitability and making up for the loss in his account, Mu Yao finally felt relieved He breathed a sigh of relief, and secretly said, "A dead dragon head is not as good as a dog, that's really true."

His huge loss this time was caused by chasing the 'leader who passed away'.

Therefore, he has a deep understanding of this wise saying that is circulated in the hearts of the majority of short-term investors, and at the same time...he will not make the previous mistakes again.

And just as he was fully chasing positions in the fields of 'securities and venture capital', he was waiting for the stock index to break through 2500 points.

In the core trading room of the fund next door to him.

Under the discussion between Gu Chijiang and Lin Tingzong, they are still trying their best to reduce their positions in the stocks related to "mobile Internet" and "smart phone industry chain". It is an unbought stock, maintaining a completely short position in this area.

According to Lin Tingzong's words...

That is, since the opportunity to build a position has been lost, when the bull market pattern has not been fully determined, any pursuit of higher prices is unnecessary.

According to Lin Tingzong's operation strategy.

In trading, since we have lost the opportunity and the most suitable opportunity to build a position, we can only wait for the clear investment opportunity on the right side. After all, only in this way... can the investment risk be minimized.

And at the same moment...

Yanjing, inside Anlan Fund; Modu, inside Zexi Investment; Shenzhen City, inside Xinniu Fund.

All fund managers and core traders, after roughly guessing the motives of Fortune Road, have chosen to operate almost the same as Jingda Investment at this moment. Following the trend of retail investors, hot money, and institutional groups, they are all optimistic about the stock index breaking through 2500 points At this time, I chose to retreat bravely in the rapids!

Of course, like Minghui Capital, which was reminded by Su Yu long ago.

At this moment, Xu Zhongji has completed the liquidation of all the funds under his control and kept the short positions.

However... Facing the continuous breakthrough of the market, it is obvious that he is about to break through 2500 points. Right or wrong, after all... After he guessed the logic of the IPO restart in the market based on Su Yu's reminder, he inquired carefully, but he didn't hear any definite news about it.

Moreover, what made him even more speculative...

It is Su Yu's seat on Fortune Road, which has not recently appeared on a large scale in the sales seats on the dragon and tiger list of the two cities.

"Mr. Xu, the market has been really strong in the past two days!" Fund manager He Hong stared at the changes in the market, "The stock index is approaching 2500 points. Looking at the situation, there may be a hundred points of Changyang today. …Is it wrong to completely clear the position and give up the main line opportunity of 'securities and venture capital'?"

Xu Zhongji looked away from the big screen showing the market, glanced at He Hong, and asked, "You think it's wrong?"

"No!" He Hong laughed embarrassingly, and said, "In essence, the line of 'restructuring backdoor' is very correct for us to completely clear our positions. The trend of this line can be described as appalling.”

"President Xu is still wise..."

"If we don't fully clear the warehouse at that moment, we will exit regardless of the cost."

"Now the fund's net value, I'm afraid it has withdrawn by almost 15%. It's just...it's a pity to miss the main market of 'venture capital, securities'."

"It's a pity, but there's nothing we can do about it." Xu Zhongji sighed softly, and said, "Who would have thought that the line of 'securities and venture capital' would be out of control once it's launched? And...we'll clear all positions When the line of 'backdoor reorganization', the line of 'securities and venture capital' has fully exploded, and at that time...we have lost the opportunity and lost the advantage of opening positions."

"In the logic of the bull market, when there is no complete certainty..."

"Chasing up the 'securities, venture capital' sector is not in line with my operating logic after all."

"Hey, there is always no such thing as the best of both worlds. If we miss this opportunity, we can only accept it. Otherwise...if we change our strategy and plan at this time and chase after the high, it may really be worth the loss."

"If the index really stands firm at 2500 points in this wave, what should we do?" He Hong hesitated for a moment, and continued to ask, "We can't continue to hold short positions, right?"

Xu Zhongji pondered for a while, and felt a little anxious in his heart.

To be honest, such a tyrannical trend in the market was beyond his expectation.

Originally, he expected that after the short position, he would be short of the market, but he really felt a little uncomfortable when the stock market rioted and the index continued to hit new highs.

"Let's take a step, let's take a step!" Xu Zhongji thought for a while and said, "If there is a clear investment opportunity on the right side of the market, which proves that our investment strategy is wrong, it is reasonable to adjust it immediately. As for now ...Let’s take a look first and wait until the certainty comes out.”

Although he felt that it was a pity to miss the market.

But deep down in his heart, he still agrees with the basic logic of the bull market that Su Yu said when he was in Yanjing, and he always believes that the time for a comprehensive bull market in the market has not yet come.

Of course, at the same moment.

In Modu, inside Yinghui Fund, and in the trading room, Liu Guanhai, a fund manager who held a completely opposite view to him, was very happy staring at the securities market with such a powerful breakthrough.

From the moment he flipped to a long position, within two days, he had filled up all of his fund positions in securities.

At this moment, the 'Yinghui No. 1' fund product he manages is already full of securities, and within two days, the entire net value of the fund has skyrocketed by 6%, but this finally made him proud.

"Xiao Shao, do you still have any doubts about the bull market?"

Liu Guanhai smiled all over his face, glanced at the leader of the trading team who opposed his comprehensive pursuit of the bull market of 'securities and venture capital' before, and asked.

Shao Xiaoyun replied: "I reserve my opinion, but at present... the manager is right!"

All trading ideas and logic ultimately need to be verified by the actual market trend, and will be reflected in the profit and loss. Judging from the current actual market trend, Liu Guanhai's trading strategy is correct, and this real-time investment strategy also gives The company's fund products have brought greater profits.

But Shao Xiaoyun is still skeptical about whether the market can become a comprehensive bull market.

"Yeah..." Liu Guanhai shook his head, "The market analysis ability and trading talent are all there, but sometimes our thinking is too conservative. If we don't catch up with this wave immediately, we will be completely empty. Follow-up If you want to enter the market again, the cost of buying will be much higher.”

"During the transaction, sometimes... the timing is just a flash."

"If you can't grasp it, you have to pay a lot of cost space."

"Well, thank you for the manager's guidance." Shao Xiaoyun nodded, agreeing with what Liu Guanhai said.

"Manager..." Shao Xiaoyun paused, then said, "Do you think we can pass 2500 o'clock today?"

Liu Guanhai glanced at the trading time, and said: "Today's half-day trading volume, compared to yesterday, is still not much larger. I want to go directly, and there is pressure, but even if I can't make it through today, I can pass it tomorrow. The index has reached here, and it should break through 2500 points. It’s a certainty, after all, everyone is looking forward to it.”

"I don't think it's so easy." Shao Xiaoyun said, "The market dive at around 10 o'clock today, although looking at it now, was resolved, but that wave of chips was very violent, and the volume It looks huge, and the managers know that market expectations have been formed, and everyone is looking forward to the stock index breaking through the 2500-point pressure mark, opening up new market space, don’t this super main force know about it?”

"I always feel that the main funds of that wave of smashing the market have a lot of background, and... it has something to say!"

"you say……"

Shao Xiaoyun pondered for a while, and said: "Could it be the funds of Fortune Road? If Fortune Road was the one who fell in that wave of diving, then the market will be in big trouble. After all... If the dragon and tiger list in the afternoon, Fortune Road appeared on the sales list on a large scale. With the main line of 'securities and venture capital' already holding high and advancing for 4 or 5 consecutive trading days, once the huge profits are all dumped out, then The market sentiment reversed in an instant, and...this must be a situation where the market cannot have any bad news. If there is any bad news at this time, the situation will be even worse."

"Thinking too much?" Liu Guanhai said, "Oriental Securities, Dongfang Venture Capital, Shibei High-tech and other stocks in the main warehouse of Fortune Road are still sealed on the daily limit board, and basically no amount of energy has been exploded. Large-scale liquidation? And...don't overestimate the impact of this stock on the market."

"Look at the two core lines of 'mobile Internet' and 'smartphone industry chain' of his fund's main warehouse."

"In the past few days, how many people have been tricked?"

"There is no myth of being undefeated in the market. This person... just stepped on the wind a few times."

"Let me see... this time, he didn't get many high-quality bargaining chips on the main line of 'securities and venture capital'. It was still on the daily limit board, even if he chased up a lot of chips later."

"He has no cost advantage in this main line."

"Smashing the plate at this time? Isn't it smashing himself?"

"But the manager didn't think that from the moment Fortune Road rushed out of positions on the two main lines of 'mobile Internet' and 'smartphone industry chain', so far... the market situation has changed from 'mobile Internet' and 'smartphone industry chain'. Has the GEM, which is dominated by ', been cut to the main line of 'securities and venture capital'?" Shao Xiaoyun expressed his worries, "I feel that the GEM and the 'mobile Internet' and 'smartphone industry chain' are two The big main line has been so weak recently, and it was completely abandoned by the main market funds, because the main positions of Fortune Road have not been on those two main lines for a long time.”

"I still remember the performance of Fortune Road in the 'Shanghai Free Trade Zone'..."

"That's a fight to fame!"

"In my opinion, this is a fund that is very good at lurking. We cannot underestimate it, and we must also gain insight into its motives and market traces."

"Okay, I know it well!" Liu Guanhai couldn't help but frowned when he heard that the trading team leader of his team had praised such an opponent as Fortune Road so highly. He waved his hand and said, "You should continue to reserve your opinion. Whether it is right or wrong, the market trend will verify it."

After finishing speaking, he turned his gaze back to the market price displayed on the big screen in the trading room.

only see...

At this moment, the Shanghai stock index has refreshed its intraday high to 2488.86 points, which is closer to 2500 points. As the securities sector that drives the index upward, the increase has also set a new intraday high, reaching 7.01%. A full impact on the daily limit, setting off a trend of daily limit tide.

Even Huaxin Securities, Huatong Securities, and Huashang Securities are the leaders in the market capitalization of several major securities sectors.

The increase has also exceeded 8%.

The "Venture Capital" concept sector, which also performed well, has also increased by about 6%. In the sector, more than 10 stocks have daily limit. Similarly, the concept sector of "Internet Finance" has also exploded. After the cast 'concept plate.

As for 'mobile Internet', 'smart phone industry chain', 'restructuring backdoor' and other popular concept lines in the early stage.

At this moment, it has been completely abandoned by the main funds. Related core stocks, such as 'Huaqingbao, Changqu Technology, Fenda Technology, Netspeed Technology, Anjie Technology', etc., have all adjusted sharply and swept the top of the decline list of the two cities. , and all the funds on the disk showed an outflow state.

Then, the time quickly reached 11:30.

The Shanghai stock index did not set a new intraday high, but the strong trading pattern of the two cities has not changed, the emotional state is still hot, and the attitude of various funds to follow the trend and chase the high is still strong.

After the noon close...

Everyone's discussion on the market has become even more heated.

Many institutions and media have even shouted slogans to capture the 2500-point highland.

However, under the influence of extremely hot and crazy emotions, when the market opened in the afternoon, the Shanghai stock index still failed to set a new intraday high, and took another step towards the 2500 point mark. Come to dive and fall to the 2480 mark.

"I feel that the securities can no longer expand their volume and energy, and they can't go up!"

Seeing that the index charged several times, but returned several times without success, in the market, among the retail investors who pay attention to the market, someone finally found out that something was wrong.

"It's hard to support a single tree, it's hard to support a single tree! At this time...it's time for the insurance and banks to work hard."

"Yes, the securities sector has reached its limit. At this time... it is time for the 'big finance' to make a collective effort. As long as insurance and banks can rise by 1.5 points, the Shanghai Stock Exchange Index will pass the important mark of 2500 points. At 2500 points, a new space opens up, and the investment funds on the right side who are still on the sidelines will definitely surge in, and by then... the market volume will be guaranteed."

"Indeed, it's just one step away!"

"This step must be passed, after all, we have reached the threshold."

"In fact, it's not that securities can't go further. The key is that there is no super main fund to seal the leader of Huaxin Securities. As long as Huaxin Securities closes the board, the securities sector will definitely go straight to the collective daily limit."

"It's hard to seal Huaxin Securities, a super large-cap stock with a turnover of [-] billion yuan!"

"It's really difficult. To seal this check, you need 10 billion capital to start!"

"It's a pity that Zhang Mengzhu is still wandering around the Hong Kong stock market and has not completely returned to the A-share market. I can't see him as the coquettish leader of Huaxin Securities."

"Where are Fortune Road and Jiefang South Road?"

"The two big guys are also top-notch hot money in the market. At this time... they should have this kind of courage."

"On Huaxin Securities, there are too many institutions gathered. The operation methods of Fortune Road and Jiefang South Road are rarely associated with institutions. It is difficult for them to block Huaxin Securities!"

"Comparatively speaking, it's easier to pull 'insurance and banks'?"

"It's also difficult. The logic of insurance and banking is not as hard as that of securities, and... the market volume is not enough. Look at the few popular main line concepts in the early stage of the GEM, how have they been blood drawn?"

"It only depends on whether the institutions can work together here."

"We must work together. If this wave cannot pass, it will be too hurtful."

"Yes, if you can't make it through, the market is very likely to turn from long to bearish. After all, an important pressure point has arrived. If you can't make it through, adjustments are coming. The profit margins that have accumulated in the market for so long will definitely not stand on the sidelines."

Everyone's discussion room, 1:42.

With the Shanghai stock index hovering between 2470 and 2480 for nearly 20 minutes, the market finally began to choose its direction again.

I saw large-scale main buying funds and began to attack the insurance and banking sectors in an all-round way.

As everyone expected, when the growth rate of the securities sector has reached its limit, and it is unable to continue to expand its capacity and attract funds to continue to chase higher, the main funds of various institutions have chosen to pull the two super big players in the insurance and banking markets.

However, in the insurance and banking sectors, the future expectations are not strong, and there is no hard logic support.

And in the current situation where there is not much follow-up funds in the market.

The strong attack of the main funds from all walks of life not only failed to gather a surging follow-up effect and a strong breakthrough trend, but just pulled up the two super sectors that devoured funds, and other market sectors and concept sectors further lost blood. , There has been a phenomenon of the main funds fleeing.

"Stupid, simply stupid!"

Seeing the super main institutions in the market trying to pull the insurance and banks to drive the index to break through, Su Yu couldn't help but cursed in the internal trading room of Yuhang Investment Company: "The market funds are obviously insufficient, and they are still pulling this market gold-swallowing beast!" , The index can only go up to be a ghost. Leverage it and continue to fall sharply. Can’t the core concept stocks of the GEM that have cleared a lot of profits? The bad tone is the difference between the small and medium board and the GEM Instead of weight, why don't you understand?"

At the moment, market expectations are still there.

According to his understanding, if the main force of these institutions is willing to push the small and medium-sized board and the ChiNext board, which are obviously bleeding, maybe the index can touch the 2500-point position, but doing so now...is completely hopeless.

"Li Meng, speed up, let's get out of the warehouse without distinction!" Su Yu sighed and ordered, "The index has touched the critical value, and the 2500 point cannot be touched. The market sentiment is about to completely reverse. It is estimated that there will be a large amount of profit taking, and the best window for lightening up positions has passed, and the follow-up... will probably start to compete for market liquidity."

"Understood!" Li Meng responded and quickly issued relevant instructions.

At this moment, she also felt that the market potential had been exhausted, and the power of the bulls was unsustainable.

Following her orders...

The next moment, at 1:46, in the 'Securities, Venture Capital' sector, almost all popular core concept stocks, including Orient Securities, Orient Ventures, Shibei High-tech, Zijiang Enterprises, etc. Stocks suddenly exploded with extremely terrifying volume energy.

Continuous big orders with thousands of hands hit the market in an all-round way.

Within 1 minute, Shibei High-tech and Zijiang Enterprises broke the board, and their stock prices plummeted.

Within 2 minutes, more than 40 lots of orders from Orient Securities were exhausted, and the two funds managed by Su Yu placed 10 lots of sell orders on this stock in one go.

Within 3 minutes, Dongfang Ventures broke the board, and the turnover rose rapidly.

At the same time, Huaxin Securities, Huatong Securities, Huashang Securities and other heavyweight stocks on the market also received wave after wave of tens of thousands of large orders.

With hundreds of billions and 10 billions of funds, they smashed out desperately.

The two cities ushered in crazy diving.

At 1:51, the Shanghai Stock Exchange Index broke through 2465 points and lost the intraday shock support platform that hit 2500 points.

At 1:55, the Shanghai Stock Exchange Index broke through the 2450 point, and the increase retracted to within 2%.

At 2:02, the stock index broke through the 2440 point, and the increase retracted to less than 1%, leaving a long upper shadow line on the K-line chart again.

At 2:15, the Shanghai Stock Exchange Index broke through 2430 points and returned to yesterday's closing position, swallowing all the gains throughout the day.

During the more than 20 minutes of the index's crazy dive, the overall market situation has also undergone a complete mutation.

I saw that the strongest securities sector in the two cities saw an increase from the highest increase of 7%, straight down, and changed to an increase of around 3.25%.

The "venture capital" concept sector also saw a rise of about 6% from the highest, and then retreated to around 2%.

As for the insurance companies and banks that the institutions focused on more than 20 minutes ago and were going to help the index break through, they have already been sold by the turbulent follow-up at this moment, greening the whole line and going deep into the water.

Various main line concepts in the direction of the small and medium-sized board and the ChiNext board, and various popular stocks in the early stage.

At this moment, it was even more horrible.

Among them, Xinwei Group went straight to the limit again, and a group of early popular high-priced stocks such as Huaqingbao, Changqu Technology, Netspeed Technology, and Fenda Technology fell by more than 7%.

Then, in the market, the shocked investors thought that such a sharp drop could be recovered in late trading.

He also believes that any sharp drop in the market is a good time to buy.

When the time jumped to 2:30, more violent and crazy selling began to ravage the market, and a further rapid dive came.

At 2:35, the Shanghai stock index turned green, and the ChiNext index fell by 1%.

At 2:42, the Shanghai stock index fell by 1%, completely filling the gap of the gap and opening high, while the ChiNext index fell by 2%, and the limit-down stocks in the two markets reached more than 20.

At 2:45, the core popular sector, securities rose back to about 2%, and the 'venture capital concept' sector rose back to around 1%.

At 2:51, the Shanghai Stock Exchange Index fell by 1.5%, the ChiNext Index fell by 2.73%, and the limit-down stocks in the two cities reached more than 30 stocks, while the daily limit stocks have dropped from the peak of 42 to 12 stocks. It can be said to be everywhere, and... Among them, the highest potential value of 10 days and 9 boards has been reached, and the sky-to-floor effect has been stepped out of.

At 2:53, Huatong Securities, the core stock of the brokerage with a rise of up to 9 points, fell back to about 1%, and the turnover of the whole day soared to the 40 billion mark, while the increase of Huaxin Securities at this moment also fell back to Around 1%, the main funds of the two core stocks have changed from a large inflow before to a large outflow.

At 2:55, the stock index fell by 2%, breaking through the 2380-point mark. Not only did it fail to touch the 2500-point mark, but even the 2400-point mark was lost.

Finally, the market closes at 3 o'clock.

The Shanghai designated price was at 2378.36 points, a drop of 2.13%, and the ChiNext designated price was at 1315.32 points, a drop of more than 3%.

As for the sector and individual stocks.

All industries and concept sectors in the two cities, only the securities sector, maintained a slightly red state, and the rest... all showed a downward trend, which was completely different from the situation at the early trading and even the closing at noon.

Among the falling sectors, the ST sector set off a limit-down wave, and 15 ST stocks fell by the limit.

Then, sectors such as 'Mobile Games', 'Film and Television Media', 'Wearable Devices', and 'Apple Concept' saw larger declines of more than 4%, leading the decline in both markets.

In terms of individual stocks, the popular high-level stocks in the early stage encountered a huge sell-off by the main funds. They were either at the limit or below the decline of 7 points. The only strong securities sector did not have a stock limit. The core leader Orient Securities was smashed from the limit. After the opening, it fell back nearly 8 points before giving up. In the end, it only rose by 2.11%. As for other brokerage stocks... it was even more miserable.

After the market closes...

Facing the big reversal trend of the market today, facing this tragic slaughter situation.

All investors who yearn and look forward to the bull market, including many institutional players and hot money players who don't know the potential huge bearish suppression in the market, at this moment... feel that they have been poured with cold water from head to toe, and their fiery hearts are instantly cold The belief in the bull market has collapsed one after another!
PS: [-]D Zhang, please count the votes!

(End of this chapter)