The investment era of rebirth

Chapter 280 The news is fermenting, continue to reduce positions!
"I'm afraid the market will be over tomorrow, right?"

Among the countless topic discussions on "Wealth Road", the pessimism among retail investors began to gradually spread.

"It's endless, I don't know, but what is certain is that tomorrow's market selling pressure will definitely be greater than today's. First of all, in terms of the K-line form of the index, the K-line closed today is extremely ugly. I'm afraid the market will inevitably Adjustment, and secondly... 11 billion has been dropped on the Fortune Road list, which is basically an action to clear the warehouse and leave the market. The market trend will definitely not be good, but I think... there is no need to be too pessimistic, after all, the overall trend of the market is still upward."

"Judging from the past data of Fortune Road on the Dragon and Tiger List, every time Mr. Su makes a large-scale sale, it is basically at the apex of the market. I think... pessimism is better than optimism at this time, even if the trend of the index It can continue, the main market of 'securities, venture capital' should be over, right?"

"I used to say that the logic of the outbreak of the main line of 'securities and venture capital' is a bull market. Now that Fortune Road's large-scale liquidation of this line's chips, does it mean that the logic of the bull market is still untenable?"

"If the logic of the bull market is untenable, then the basic logic of the market's rise will change!"

"I can't even pass 2500 points, so I'm still thinking about a bull market!"

"Fortune Road's large-scale liquidation and selling at this position is a bearish view of the market, but... what is surprising is that Fortune Road is under the two small core lines of 'Mobile Internet' and 'Smartphone Industry Chain' in the direction of the GEM. There is still no movement, is that Fortune Road has already cleared its positions under the two small core main lines of 'Mobile Internet' and 'Smartphone Industry Chain', or is it locked?"

"Looking at the two small mainline concepts of 'mobile Internet' and 'smartphone industry chain', there was no resistance to the ups and downs in the past few trading days, and there was almost no main force to support the market. You think that the wealth road has been cleared, and It's not locked up."

"So... Fortune Road's small-scale liquidation under the list on October 10th is the first reminder?"

"Hey, it's a pity. You agreed to get your wealth out, and you did it. In the end, it was a fluke. You lost so little money in vain. It's nothing...you can definitely do it again that time."

"If Fortune Road is also cleared under the two main lines of 'Mobile Internet' and 'Smartphone Industry Chain', it will be really bearish on the market's previous continuation of the market. Hey...unlucky, it chased down Orient Securities today. Thinking that if it is important to take out the position on Fortune Road, I will continue to take it tomorrow to see if it can be reversed, and now... I can only resolutely cut the position and stop the loss."

"Indeed, once the logic of the bull market collapses, the subsequent market adjustment... will definitely be big."

"Except for the problem under the logic of the bull market, if Fortune Road is so slow to come out of the market, will there be no Li Meng in the market?"

"That's impossible..."

"Anyway, it's right to be conservative. After all, the positive guiding indicator of the market on Fortune Road doesn't seem to have failed yet."

"Indeed, the sales volume of 11 billion is small. That is the smallest sales volume in a single day since Fortune Road appeared on the Dragon and Tiger List. It is because of the influence of that seat on the market, but it is so small. The selling volume, the selling signal of the main funds, no matter what you have to pay attention to."

"In addition to Fortune Road, Jiefang South Road also dropped two or eight stocks from the list today."

"Yanjing Minghua Road, which has followed Fortune Road several times since then, has also been on the sell list of two or eight unpopular stocks."

"Sell, sell, sell... What do you say, since the bull market has come to naught, there is no reason to continue to hold no 'securities, venture capital'?"

"You are the one who cares about the bull market. It's a bull market. Anyway, you have one principle when you do stocks. If you see the wealth road to buy, then you buy it. If you see the wealth road sells, you sell it. In terms of size, I want to withdraw heavily, and I will definitely run away from the dragon and tiger list."

"Yes, yes... you only need to crucify the seat on Fortune Road."

"At the same time, you can also be lucky, what the hell...you are still holding the main position of Fortune Road before the core stocks of the two small main line concepts of 'mobile Internet' and 'smart phone industry chain' are still holding on to Fortune Road As a result, I held the chips all the way to the present, and lost nearly 20 points in vain."

Before the announcement of the Dragon and Tiger List, as time went by...

Discussions about the violent exit of warehouses on Fortune Road are still going on.

And during this period of time, the internal news about "the market IPO is about to restart" has also ended in expansion and smaller, and has been known to fewer and fewer main institutional groups and some well-informed core hot money in the market.

"My mother, why did you say that 'securities and venture capital' have been so weak recently? You said why the main lines of unpopular concepts in the late stages of the China Big Board and the ChiNext have been repeatedly abandoned by the market's main funds. The original real core logic, It's actually outside there." At this moment, in the magic city, inside the Yinghui Fund, Liu Guanhai, who was getting angry after the data of the Dragon and Tiger Rankings came out, became even more angry at this moment, "Those guys... actually delayed their expectations. It's over, it's really a mouthful of soup for people to drink."

The high position is good, the low position is good, it is Li Meng!

After all, it is expected that before the speculation is over, the benefits will come out, which is used to cash in profits and shipments.

From that perspective, today's violent exit on Fortune Road was extremely precise.

And at the same time...

The core traders and fund managers of the main institutions who heard the news like me, but were full of complaints and depression, were not in the majority.

Of course, among them, some people remained relatively optimistic before sloppy analysis.

After all, in the eyes of some people, Fortune Road chose to violently clear positions and take profits before the news of "market IPO restart" has officially spread to insiders and small investors in the entire market. Must be something bad.

Because the seat on Fortune Road is a double-edged sword for market hype.

When buying on Fortune Road, make good use of it, which can slowly stimulate the emotions of retail investors and aggravate the hype in the market; but in a timely situation, small-scale exits will also slightly dampen the sentiment of retail investors in the market to follow suit, resulting in market hype Coldness, hit with lightness.

Now, Fortune Road has left the market on a small scale.

But generally speaking, looking at the entire market, the expectation of the line of "securities and venture capital" has not completely disappeared, and the dark line of "market IPO restart" is quickly emerging.

If you make good use of that expected effect, it means continuing the main line of the market.

At the very least, we can get out of a decent rebound, without the loss of being harvested suddenly by Fortune Road.

In other words... Wealth Road completed the first wave of market harvest after the news came out, but that line... there is no seventh wave of market to harvest.

Of course, after all that...

It is because we think that the road to wealth is on such a small-scale exit, and whether there are too few chips in hand can affect the next market trend.

In the double fermentation of that emotion and news.

In the evening, there are still institutional analysts, financial media, stock commentators with little brains, and the relatively stable trend in the market, which finally gave some hope to the relatively pessimistic market investors, and comforted some of us who were suddenly shocked. Smash Meng, heat up the fiery cold mood.

So, the seventh day, October 10th, Friday, 24:9.

At the beginning of the call auction, the two cities did not show extreme panic and smashed orders. Many stocks that were heavily smashed by Fortune Road yesterday opened slightly higher, but they did not completely lack liquidity and take orders.

"The situation is better than you expected!"

Seeing such a state of call auction in the two cities, at that moment inside Yuhang Investment Company, in the trading room, Su Yu said with a smile: "There is a lot of money for bottom-hunting and betting against outsourcing. On the whole, 30% of the stocks are in the red market, and the investment sentiment also depends on you." It is expected to be so wonderful, it is estimated that the increase in the index should be very small."

"Of course, what's more satisfying..."

"It is the main concept sector of 'securities and venture capital' that was killed and collapsed yesterday. Today, at the beginning of the call auction, it only opened about 1.5 points higher."

"You learned from Director Lin that the matter of 'market IPO restart' has been formally confirmed internally, and the review committee restarted the IPO review process, which should have been last month, the slowest estimate... ...December, or January next year, the first new stock before the IPO restart will be able to go off the market." Li Kong continued, "The line of 'securities, venture capital' can still be stabilized, and there may be a crash This kind of liquidity crisis should be caused by the news that the "market IPO restart" has spread from the inside to the outside on a small scale. After all, in the A-share market, there are always a very large number of hesitant long-term investment funds. Under the banner of long-term value investment, the funds that are actually engaged in emotional speculation are a small minority."

"Already confirmed?" Su Yu suddenly said without any intention, "No wonder... the line of 'securities, venture capital' can be stabilized again."

Li Kong smiled and continued: "A-shares are a policy market and a news market. There are layers of policies and news transmissions. The main funds without the advantage of information channels use news and emotions to use the banner of expectations. , The scene of small fish eating big fish and big fish eating dried shrimps has never changed, so there is nothing strange about it."

"He will take another look at the late-stage core unpopular main lines under the medium and large boards and the ChiNext, as well as various unpopular concept stocks."

"In the line of the Zhongda board and the ChiNext board, you didn't smash any chips yesterday, but... at that moment, the ST board still almost fell to the limit across the board, and was abandoned by all the main funds in the market, 'restructuring backdoor' , 'Smartphone Industry Chain', 'Mobile Internet' and other related unpopular concept stocks are the same, basically there is no major capital to undertake, and they are completely free to land."

"Retail investors may feel that the market trend is strange at this moment."

"However, in terms of the spread of the news, the core and main funds from all walks of life who have already smelled it are now clear."

"According to the market pattern at the beginning of the call auction..." Su Yu sloppyly ignored Li Kuo's thoughts, and said, "Does he think that the market will continue to concentrate on the 'securities and venture capital' fields?"

Li Kuang nodded slightly, and said: "The logic and expectations of the bull market have entered the tide, but the dark line of 'market IPO restart' has just been revealed. The line of 'securities, venture capital', although expectations have changed, but in general In other words, there is still no expectation. On the contrary, in the direction of the large board and the ChiNext, in terms of the impact of market expansion, it is all about Li Meng. Carrying up the market in the direction of the big board and the ChiNext board."

"Yes..."

Likong paused, and then said: "After yesterday's wave of trends, the internal bargaining chip structure of the line of 'securities, venture capital' has been loosened, and Xu Shao's chasing funds yesterday were trapped in a low place. In the past one or two days, after the news actually hit the ground, market funds will continue to gather in that direction, and it will be difficult to create a new low-level space.”

"After all, the amount was so small yesterday, plus it only takes a day or two for the market to turn around. If you want to pull it down and liberate the funds that were locked up yesterday, it will be hard work and flattering."

"So, you guessed it, the market has at least not had a decent short-term rally."

"However, I'm afraid it will continue to fall."

"Because the restart of IPO in the market, in essence, it is to draw blood from the market funds, which can be regarded as the news of Li Meng in the entire market. In addition, the current time is near the end of the year, and many main funds have no need for net worth liquidation. Actively deploy, and then continue The interest in participating in the market with heavy positions is not low."

"That will cause active funds in the market, which will take a step back and rise, and the overall market funds will be missing."

"Hmm!" Wenyue responded, "You...you should continue to reduce your positions according to the established strategy? Actually...you were still worried that your small-scale appearance before the dragon and tiger list would have too little impact on the market. The liquidity of stocks has decreased, so you should continue to sell positions and reduce your holdings. Now, it seems that you are thinking less. According to the market's IPO restart news, there are really a lot of funds that want to lick blood."

Li Kong smiled and said: "This is, after all, everyone thinks that they are stupid people, and they all think that they can advance fully before reaping profits."

"such a pity……"

Wen Yue shook her head and continued: "The July [-]th law of the market is always invalid."

While the two were talking, the time had come to 9:20.

I saw that after the initial call auction period, before many false pending orders were completely withdrawn, the phenomenon shown in the market was the same as after that.

All industries and concept sectors in the two cities showed a trend of opening higher.

Of the nearly 2000 stocks, only about 21% of the stocks are still in the red market.

Afterwards, the "securities and venture capital" concept sector, which performed slightly weaker, fell to about 2.5% despite its weak market performance.

Among them, the unpopular stock Orient Securities opened 4.51% higher, Huatong Securities opened 3.72% higher, Huaxin Securities opened 2.36% higher, Huaxin Securities opened 6.75% higher, Dongfang Ventures opened 4.79% higher, and Zhejiang Dongfang opened 2.88% higher. North lows and new highs opened 4.62%, and Wanqi Enterprises even directly opened the market with a lower limit. From yesterday's low point, it killed a decline of less than 30% in one go.

As for the unpopular concept sectors and unpopular stocks related to the medium and large boards and ChiNext, which basically have no main funds to undertake.

The higher opening ranges are all below 3%.

Generally, Huaqingbao, Changqu Technology, LeTV, Wangsu Technology, Fenda Technology, Xinwei Group, Xinwei Communication and other low-level concept stocks that have been speculated in the later stage are opening 5% higher at the moment. The following range, compared with the intraday low hit in the next week, the average retracement range has reached about 28%.

Of course, what is more tragic is the related shell stocks and ST sectors that are on the verge of entering the market.

The relevant core concept stocks in the two small fields have already taken the bottom positions in the decline list of the two cities at the moment when the two cities have officially opened for trading.

yes...

Although various industries and concept sectors in the two cities opened slightly higher.

However, at 9:20 and 9:21, before the emotions of 2 minutes were vented, the panic effect and the number of extreme selling in the market did not continue to expand. The stock price, sector index, and concept index all pulled back one after another.

Finally, when the time reached 9:25, the call auction between the two cities began.

The Shanghai stock index only opened 1.23 points higher, reported at 2351.11 points, and held the 2350 mark; as for the ChiNext Index... it was relatively strong, opened 1.73% higher, broke through 1300 points, and fell back to 1293.85.

In addition to the index, the sector and individual stocks.

The industry and concept sectors of the two cities still showed a trend of opening higher in an all-round way.

Among them, the securities sector opened 1.16% higher, the venture capital concept sector opened 1.43% higher, the "mobile game" concept sector opened 2.33% higher, the "Apple concept" opened 1.75% higher, the "film and television media" concept opened 2.36% higher, and the ST sector It fell slightly by 2.89%, and the related concept sectors of 'reorganization and backdoor' also fell by 2.11%.

As for the unpopular concept stocks ranked in the two cities...

Orient Securities fell back to 3.22%, Huatong Securities fell back to 2.56%, Dongfang Ventures fell back to 3.17%, Wanqi Enterprises opened the limit, and the decline shrank to 6.85%; Huaqingbao, Changqu Technology, LeTV Internet, Wangsu Technology... and other GEM stocks, compared with the past, maintained a state of sideways shocks, and whether the decline has changed too little.

"Yesterday, the stocks that Fortune Road smashed rapidly, judging from the trend of the entire call auction stage, all of them are retracting their declines, and the funds to undertake are surprisingly large. Instead, there are some late-stage medium and large stocks that Fortune Road has a small-scale smash yesterday. Unpopular stocks on the Shanghai Stock Exchange and the ChiNext Board are actually sluggish and booming. It is really strange whether there are any traces of main funds taking over orders and buying bottoms.” Seeing the opening scene of the two cities, Yuhang and Jingda Investment still have no information Wen Yuejing, who heard any news about the restart of the market's IPO, was completely at a loss, wondering, "When did Fortune Road's smashing of the market turn into a good market?"

"The call auction trend in the two cities today is really strange." Next to Lin Tingzong, fund manager Gu Chijiang frowned, and said, "The Growth Enterprise Market and the Zhongda Board are too strong, but those two index sectors, and their related Core concept stocks...the adjustment was obviously more sufficient yesterday, is there any reason for the main funds to make the market?"

"Could it be..."

Wen Yue paused for a moment, thinking of a possibility, she turned her head to look at Lin Tingzong: "Mr. Gu, did he hear that there is no obvious good news about Li Meng in the market? You find it strange that Fortune Road made a small move to sell out of the warehouse yesterday. , The trend of the market today is even more strange, looking at the situation...do you feel that there is no important news to guide you?"

"I heard!" Wen Yuejing replied subconsciously, then thought for a while, and then said, "Maybe your news is blocked, so you can ask someone to inquire again."

After speaking, I took out the phone and dialed it.

Immediately afterwards, after about 2 minutes, I hung up the phone in a little shock.

Gu Chijiang felt that Lin Tingzong's face was too right, and asked slowly: "What's the matter? There is nothing wrong!"

"I heard that the IPO market is about to restart." Gu Chijiang said, "The news from Huaxin Securities should be correct."

"No wonder!" Gu Chijiang stared at the short-term suspension of the disk, and all the doubts in his heart were untied, "It's no wonder that the whole line crashed yesterday, and only the field of 'securities and venture capital' can be stabilized. It's no wonder A small number of concept stocks with low valuations and low valuations on the medium and large boards and ChiNext will be completely abandoned by funds, and the decline will be a rest.”

"Since there is no expected news, why is this 'Wealth Road' running?" Before Wen Yuejing heard the news, she was even more puzzled, "Could it be that Mr. Su from Fortune Road is worse than your news channel?" Lagging ahead, and knowing the news that the IPO market will restart, so... the delay is out?"

"Impossible!" Gu Chijiang said, "Although Mr. Su from Fortune Road is extremely capable of hyping the market, he is a new player in the market after all. He has a lot of knowledge about market intelligence and news channels. , it is completely impossible for the news to lag behind.”

Lin Tingzong thought about it again, and felt that only that logic made sense, and said, "Looking at it that way...'Securities, venture capital' may cause a seventh wave of market prices!"

"It's hard to say." Gu Chijiang replied, "The news of the market's IPO restart is constantly fermenting and diverging. It is true that there will be no safe-haven funds. News, generally speaking, at the level of macro investment in the market, it is still Xiao Limeng. The field of securities and venture capital is the main line. If the seventh wave of market is to be generated, a huge amount of incremental capital is needed to promote it. I am afraid that the market will In terms of the influence of Li Meng at the macro level, there are so few incremental funds to promote the market."

"Yes..."

"Although it is certain that the seventh wave of the market will start, the concept of stabilizing the current situation should still be very small."

"Market IPO restart?" While the two were talking, Mu Yao knew when to appear in front of him, "No wonder, no wonder...there is no hope!"

After finishing speaking, I went in and out of the fund trading room and returned to the computer I operated.

Lin Tingzong glanced at Mu Yao, who was obviously acting abnormally, and wanted to reprimand him, but when the words came to his lips, he realized that there was already a figure, so he endured it.

And the other side...

Mu Yao, who had already inquired about the news, looked at the market that had stopped beating.

With all the funds I just borrowed, I once again smashed back the market of Huatong Securities. I look forward to today's securities sector, which will be able to cover yesterday's trend on the news of the market's IPO restart, and let me come back. Make up for the losses in those days.

And just as I expected...

Before I withdrew my funds, at that time, the market ended exactly as I expected.

I saw that the 'securities and venture capital' sector, before the official opening, was constantly driven by various bottom-hunting funds, and went down slowly all the way. The shadow of panic during the call auction gradually moved down in shocks, covering the gap that opened higher today.

At 9:35, Orient Securities, Huatong Securities, and Zhejiang Orient became popular.

At 9:41, 10 minutes after the market opened, the stock index fell back to less than 0.5%, covering the gap and rebounding rapidly.

At 9:52, Orient Securities and Huatong Securities rose by more than 1%. Among them, the turnover of Huatong Securities exceeded 6 million. The core stocks of the two securities sectors seem to have completely shaken off the shadow caused by the rapid crash of Fortune Road yesterday. There is a very weak anti-package trend attitude.

At 9:58, the Shanghai Stock Exchange Index turned red, and the securities sector and the venture capital concept sector also turned red and fell.

At 10:06, even the GEM index fell back to less than 1%, covering the gap at the opening.

At 10:16, unexpectedly, the potential balance letter that walked out of the sky yesterday, while the Fusheng road was still locked up, fell weakly under the limit in early trading today, and unexpectedly walked out of the sky at this moment, forming The trend of 11 boards in 10 days continued to open up room for market speculation.

Subsequently, in the potential Hengxin out of 11 days 10 rebounds against the sky trend.

The investment sentiment of the entire market has ended significantly picking up, and Xiaojia’s expectations for the market’s anti-package have also stopped frenziedly breeding from outside the heart, and retreated to a low rise.

At 10:21, Zhezhou Dongfang, which had been going smoothly and had already risen by 3%, suddenly ushered in a dive again, and broke out a series of direct smashing orders with a small number of thousands of hands.

At 10:22, due to the "Eight Swordsmen of the East" leading Zhezhou Dongfang, it encountered continuous small orders with tens of millions of funds, and the trend turned from red to green, which directly affected the trend of Dongfang Entrepreneurship and Orient Securities. The stock also encountered very weak selling, and the trend ended and turned up.

At 10:23, the "eight swordsmen of the East" turned around one after another, causing the sentiment in the field of "securities and venture capital" to pick up, ending the slow tide, and related sector indexes and core stocks also ushered in a drop. "

"I would have thought that the rebound trend would be brought down by Zhezhou Dongfang." Seeing that the market has been frightened, and the investment sentiment that has recovered has ended, Su Yu said without any surprise inside Yuhang Investment, "I just hit Zhezhou Dongfang." What is the purpose of that share of funds...?"

Li Kong looked at the market of Zhezhou Dongfang, pondered for a while, and replied: "The time for cashing out the good news is approaching. Mr. Wu of Zhezhou Dongfang Group is afraid that he will come up with a plan to reduce holdings, so the puller who knows the news The funds must be withdrawn first after a delay, and they will wait until the moment when the market really ends."

"Hey... I thought that before I vented my emotions this morning..."

"With the news of the IPO restart in the market gradually fermenting, and the promotion of the main funds that are licking blood, the market will have a short-term weak rebound."

"Looking at it now... the market has become a panicked bird."

"Zhezhou Dongfang's popular leader collapsed, and the weak rebound may have come to an end."

"So..." Wen Yue paused, and continued to tell Su Yu, "Continue to reduce, there is no need for hesitation, the market will have a lower price today."

(End of this chapter)