The investment era of rebirth

Chapter 284 Grabbing 20 billion profits from the market!
"Why does Boss Su still have such a large amount of holdings?"

In the main group of Yuhang hot money where Su Yu is, seeing the many hot money whose data has been refreshed on the Dragon and Tiger List is full of shock and surprise.

"This is lurking too deep!"

"I feel like there are endless chips to bet. Mr. Su's continuous exit makes the line of 'securities and venture capital' completely untouchable."

"Successive slumps, the market panic effect has already occurred, the line of 'securities, venture capital' has already buried too much money, even if it is good to lurk, in the current state, whoever touches it will die!"

"The line of 'securities and venture capital' involves a large number of institutions, and the bargaining chips are not clean."

"Once the line of 'securities, venture capital' dies, it feels like the stock index will fall back to the range of 2000 to 2200 points. The future direction... I'm afraid it will still be on the ChiNext index."

"If you can't move the big market, you can only pull small tickets."

"Let's wait for the bad news to land. I feel that Mr. Su's continuous sell-off in advance is also trying to use this wave of emotions to stir up the main force of the market and completely kill the market, so as to give the next wave of market a chance to fight lightly."

"Boss Su's reminder is really timely."

"Not only in time, but also indirectly aggravated the market's shock adjustment. It is estimated that President Su is not in such a hurry to kill the fall and get out of the warehouse, and the market will not fall so badly in the past few days."

"There's nothing wrong with it. It's better to fall sharply and plummet than to fall negatively."

"Indeed, if the market falls sharply or plummets, there will be a violent rebound after the market falls through, and continuous negative declines will really have no profit-making effect and will waste emotions."

"It is estimated that the market...will not enter the previous perennial downtrend, right?"

"In any case, the 2000 point of the Shanghai index should not fall below again, and the Shanghai index has almost no room for decline. As the most active ChiNext index in the market, I am afraid that there is not much room for decline."

"Overall... the future should be quite optimistic."

"The whole market, the overall hold-up chips, in the second half of this year's continuous interpretation of the market, can feel that there are obvious signs of loosening. In the long run, there is no reason to be pessimistic."

"Indeed, many stocks with a multiple of 4 or 5 times have come out this year, and the market is far better than last year."

"I'm afraid that if the IPO market is restarted, it will directly cause a serious blood-pumping effect and a blow to emotional confidence in the market! The current market investment confidence is not strong. If you hit it down again, can you get up... It's really a matter of two Say."

"Since the regulators are determined to restart the IPO, they should maintain the market's subsequent market conditions. Do you have any ideas?"

"What's the use of having an idea? You have to enter the market with real gold and silver incremental funds to have obvious effects, and a real bull market will be born!"

"Wait, wait patiently for the actual performance of the market."

"Yes, no matter what, the current market volume is still much more abundant than before, and it has basically remained above the [-] billion level. If this volume can be maintained, no matter whether the market rises or falls, there should be no shortage of opportunities."

"I hope! But I always feel that it's too early to be optimistic at this time."

"Wait for the bad news to land, and then look at the market's reaction. At this time, it's better to follow Mr. Su's operation, and it's better to reduce the position!"

"Agreed, the market is suppressed by bad news, the main players are shy, and retail investors are affected by Mr. Su's continuous reduction of positions in the Fortune Road seat. The willingness to follow the trend and chase the high is very low. In addition, the market continues to adjust, and the effect of making money is sluggish. At this time, it is true to trade... It's not appropriate!"

"It is said that those who can buy are apprentices, those who can sell are masters, and those who can sell short positions are the patriarchs. I used to think this was nonsense, but now... I really understand it. What the hell... In the past few days, I have worked hard to review the market and tossed and tossed repeatedly. In the end, I saw...it was all tossing and tossing. It would be better to clear the position with Mr. Su at the high point of yesterday's rebound, and the loss would be smaller."

"Haha... This is called a fierce operation, and the profit is two hundred and five!"

"The trend is reversing. It is time to avoid heavy positions and attack, but it is still difficult to learn to take short positions and give up some opportunities in a timely manner!"

"Indeed, the problem of itchy hands is really not easy to cure."

"Following the trend of wealth is the right way to go. I found that... after speculation, I have changed from idle money to retail investor mentality, and I have started to blindly follow the trend of Mr. Su's seat."

"Those who can follow the trend correctly are also at the level of market masters!"

"Why do I sound like irony?"

"This is not an irony. It really takes great skills to be able to follow Mr. Su's wealth management thinking!"

The news in the group is constantly being refreshed, everyone's discussions about Su Yu's seat on Fortune Road, their views on the market outlook, and news about the restart of the market's IPO...all emerge in endlessly.

And at this time, as the core figure in the discussions among investors in the entire market.

Su Yu sat in front of the computer screen in the company's trading room, glanced at the refreshed Dragon and Tiger List data, and was thinking about the follow-up operation plan and market trend.

Under the influence of his seat, the market fell faster than he expected.

According to this method of falling...

Basically, after the major bad news of "market IPO restart" was completely released, after the bad news landed, the market basically fell through completely and reached the range platform position when it broke through below, so... Re-establish a position at a low level and adjust The opportunity for the structure of fund holdings has come again.

"Li Meng, the latent bargaining chips of our two main funds on the line of 'securities and venture capital' should have been sold out today, right?" Su Yu pondered for a while, turned his head to look at Li Meng, and asked Dao, "What is the overall position of the two funds now? What other stocks have positions?"

Li Meng glanced at the background transaction data of the monitored funds, and replied: "We have basically sold out our latent bargaining chips on the line of 'securities and venture capital'. Now the two funds still hold a total of 'Huawei'. Xin Securities, Huashang Securities, and Huatong Securities' three top brokerages with abundant liquidity have 2.8 million chips."

"The other holdings are the bottom holdings of some stocks that we left when we exited the two core lines of 'mobile Internet' and 'smartphone industry chain'. There are a total of 12 stocks and 2.46 million chips."

"Currently, the total holdings of the two funds are less than 6 million yuan, and the holding line is around 5%, which is basically in a liquidation state."

Su Yu nodded slightly, and continued to ask: "How much profit do we make in this wave?"

"In the wave of 'securities and venture capital', the net value of the 'Yuhang No. 1' fund increased by 23%, and the net value of the 'Yuhang No. 2' fund increased by 24.5%." Li Meng replied, "The current 'Yuhang No. The fund net value of Hang 1' is 15.37, and that of 'Yuhang 2' is 1.24. The capital scale of the two funds...'Yuhang 1' is about 61.53 billion, and that of 'Yuhang 2' is about 62.01 billion. Let’s take it for example... Our wave has captured about 20 billion in profits from the field of ‘securities and venture capital’.”

"So many!" Su Yu's eyelids twitched, a little surprised.

The larger the amount of funds, the more difficult it is to increase the net worth, and the speculative effect on the market will be greatly reduced.

Originally, he thought it would be good to have a 15% increase in the overall net worth, but he didn't expect it to be about 10% more than he expected.

Li Meng smiled and said very happily: "Thanks to our large-scale lighten-up of most of the chips at the node of the highest market and the most abundant liquidity, we have avoided a sharp retracement of profits. This profitable result, of course... is mainly due to your wise leadership."

"Uh... don't put a high hat on me." Su Yu smiled lightly, "This is the result of everyone's joint efforts."

"Yeah!" Li Meng responded lightly, without saying much, changed the subject, and asked, "Tomorrow is Friday, and according to market news, the news about the restart of the market's IPO should be clarified tomorrow. Looking at the market situation, I'm afraid it will continue to fall, we..."

"Wait for the market to fall through, don't worry." Su Yu said, "The current market adjustment, regardless of time and space, is not sufficient."

"and……"

Su Yu paused, and continued: "Under the pressure of potential major bad news, the market's investment sentiment has not reached freezing point."

"Whether it is an individual investor or a fund manager."

"I think that when the market is necessary, we must learn to short positions and dynamically adjust positions."

"Don't be afraid to miss the opportunity." Su Yu smiled and said, "It's better to be empty than to lose money, because as long as the market is open, opportunities will always be there, but if you lose... you have to use double the profit to make up for it." , and... usually under the condition of loss, the heart will become hesitant, thus missing more market opportunities.”

"En!" Li Meng nodded, but swallowed back what he wanted to say.

"However..." Su Yu pondered for a moment, and then said, "Our current capital is not small. From the perspective of medium and long-term investment goals, if next... the market will fall to the previous breakthrough at one time under the negative impact of the IPO restart. The support platform at that time can also gradually increase the position level of our fund according to the grid position building method.”

"The support platform in the early stage?" Li Meng glanced at the index and replied, "The stock index fluctuates between 2000 points and 2200 points, and the GEM index fluctuates between 1000 points and 1100 points? If it is in this range, there is actually not much room for the stock index to fall. .”

Su Yu nodded slightly and said: "Originally, the overall increase of the Shanghai Stock Exchange Index this year has lagged behind the ChiNext Index by a lot. Coupled with the restart of the market's IPO, the main direction for the market's valuation suppression and negative impact is the growth of the ChiNext Board and the small and medium-sized board. The impact of high-level concept stocks on the Shanghai Index is not particularly large, and it can be regarded as a relatively pessimistic expectation if it can fall back to the range of 2000 points to 2200 points."

"As for the GEM..."

"It depends on what the market expects in the future. If you can fall below the 1200-point mark in one step, you will actually be in the field of building a position."

"The direction...or the 'mobile Internet' and 'smartphone industry chain' fields mentioned earlier?" Li Meng continued to ask, "With our current capital of more than 100 billion yuan, if we want to enter on a large scale, I'm afraid it will be impossible. It was so easy before, and most likely it is impossible to completely hide the traces."

Su Yu nodded and said: "In terms of the general direction, it must be the two major areas of 'mobile Internet' and 'smart phone industry chain'. It's just the focus, which may be different from before, but the current specific targets for subsequent warehouse opening , I have to think and think again.”

"Let's observe first!" Su Yu said, "In the two days when Likong landed, we will all be a bystander."

Although he has the advantage of rebirth and knows the general direction of the market's macro development, he still has to rely on his market experience in two lifetimes to judge the market trend in a small stage of one to two months, or even one to two weeks. In terms of strategic trading, it is also necessary to cooperate with market news and the actual trend of the market to verify.

During the conversation between the two...

The investment sentiment in the market is further fermenting. Investors are discussing about the seat of "Wealth Road", their views on the market trend in the market outlook, the long-short debate, the bull-bear debate, and the positive and negative speculations about the next market news... all kinds of The topic is still going on.

And in the gradual passage of time, the market macroscopically.

Brokerage analysts, as well as the financial media and financial big Vs, finally began to mention the word 'risk', of course to avoid self-defeating, these people are still firmly bullish on the so-called medium and long-term investment, thinking that This wave of market adjustments is still a benign adjustment. It is believed that the Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index, and ChiNext Index will definitely hit new highs during the year after short-term adjustments.

In the evening, when everyone thought that the regulators would release some benefits that were not painful.

On the surface of the news, there was a rare calm.

In the end, when the external market trend is still stable, the market sentiment is intertwined with long and short, and the news is undercurrents, but the situation is calm on the surface, and the market ushers in the last trading day of the week.

Friday, October 10, at 26:9.

In the midst of all the attention, the anticipation and anxiety of countless investors, the market ushered in a call auction.

I saw that the two markets, which had been stagnant for more than ten hours, started to beat again. In 10 seconds, there were nearly 2000 stocks in the two markets that were not suspended, and more than 1500 stocks showed a low opening state.

Among them, the "Securities and Venture Capital" concept sector, which buried people continuously the day before yesterday and yesterday, and killed a large number of main funds, as well as related popular concept sectors such as "Mobile Internet", "Smartphone Industry Chain", and "Reorganization and Backdoor", all presented Opening lower and falling sharply, related core popular stocks in various fields opened lower, and a large number of main sellers deposited orders on the market.

"There shouldn't be such stupid main funds today, let's continue to raise the market!"

At 9:16, inside the trading room of Zexi Investment Company in Shanghai, Zhou Kan stared at the call auction situation of the two cities that opened significantly lower, smiled, and said: "After all, the news of the IPO restart in the market has already been announced at this time. It is basically clear, not to mention the main funds in the major markets, even many well-informed market investors and retail investor groups, I am afraid they have heard of it.”

Xu Xiang nodded, and said: "I guess it will be a shock to drive low, or drive low and go low!"

Although the news of the "market IPO restart" has not been strictly controlled by the regulators, and they even intentionally or unintentionally released the news to the market to let the market react in advance and digest the bad news. At this time... many major institutions have already vacated their positions. The position was lightened, but the group of retail investors who were behind in the news did not generally get the news and vented their emotions.

and so……

If we say that in the past few days, the market has dropped one after another, it is because the main funds are retreating to avoid risks.

From today onwards, the vast group of retail investors with different news channels are making investment judgments and operational choices based on the upcoming bad news.

"Will there be a panicky drop?" Zhou Kan asked.

Xu Xiang thought for a moment, then said: "Probably not, well-informed main institutions, in the past few days, during the large number of shocks and losses, those who should go should have gone, and they are still active in the market today, and some The huge desire to lighten up and liquidate positions is basically only retail investors and some hot money groups. In addition, the index is here, and in the short term, it is almost oversold. Killed deeper."

"The market at this moment is the quiet moment before the storm."

Xu Xiang paused, and continued: "Except for the part of the investor group that I mentioned earlier that was eager to get out of their positions, the rest... the on-site and off-site watching sentiment is obviously much stronger today than it was a few days ago."

"In fact, it's good to reflect the bad news of the IPO restart in the market in advance."

"In this way, after the bad luck lands..."

"The adjustment period of the market will be greatly shortened. Maybe... the bad news will become a good news instead!"

"I hope!" Zhou Kan nodded, "The market has been bearish for 6 years. In fact, everyone's desire for the market to go bullish is still very high. Although the regulators restart the IPO at this time, it seems that it is indeed a little anxious, but the market It shouldn't have been unexpected at all."

"that is……"

Zhou Kan paused, and said, "It would be great if the central bank can loosen the constraints on the stock of funds in the market in a timely manner and bring more incremental funds to the market."

"In this way, even if the market IPO will suck a lot of money, the market can achieve self-regulation."

"The current market..."

"The key is that the capacity has not been fully raised, and the incremental funds are insufficient. If this basic problem is solved, a real bull market may come."

"The central bank should consider this aspect." Xu Xiang said, "Of course, the motivation of the central bank to change its monetary policy is not enough to rely solely on the influence of the stock market. Banks, the fundamental financial industry, must have funds. Only when the central bank is in a difficult situation can the central bank be loosened!"

"Financial difficulties among banks?" Zhou Kan was stunned, "Can the 'money shortage crisis' reappear?"

Xu Xiang shook her head slightly, and chuckled lightly: "Who knows? It's just that the central bank relies solely on market reverse repurchases to supplement liquidity, which doesn't solve the fundamental problem."

"No matter what the reason..." Zhou Kan said, "as long as the liquidity of market funds is further sufficient, the market outlook will be worth looking forward to."

While speaking, he turned his gaze back to the market.

I saw that at this time, the time had passed 9:20, and the two cities entered the real call auction for irrevocable orders.

However, after the withdrawal of a large number of false pending orders, the overall situation of the market has not changed significantly compared with the initial stage of call auction. , 'restructuring and backdooring' and other related concept sectors are still leading the decline in the market. At the same time... most of the core hot stocks related to these concepts also opened lower, and the sell-offs were severe.

随后，9点21分，9点22分，9点23分……

With the passage of call auction time, the performance of the entire market has further declined.

In the end, when the time reached 9:25 and the call auction of the two cities ended, the three major indexes of the Shanghai Stock Exchange Index, the Shenzhen Stock Exchange Index, and the Growth Enterprise Market Index all opened lower by more than 0.5%. Among them...the Growth Enterprise Market Index fell to 1250 points.

As for the major core popular concept sectors that performed sluggishly in the early stage, they all opened lower by more than 1%.

Among them, related core hot stocks, Orient Securities opened 3.78% lower, Zhejiang Orient opened 8.75% lower, Orient Ventures opened 4.12% lower, Huatong Securities, Huashang Securities, and Huaxin Securities opened lower by about 0.2%, but selling Not big, but relatively stable.

Fenda Technology, whose daily limit was smashed yesterday because its performance exceeded expectations, opened 2.33% lower today. The entire call auction stage sold more than 7800 million yuan, and the disk performance was quite active. Other popular concept stocks related to Fenda Technology, Qingbao opened 1.35% lower, Changqu Technology opened 1.21% lower, LeTV opened 2.45% lower, Netspeed Technology opened 0.88% lower, Huayi Brothers opened 3.73% lower...

"It's hopeless, it feels like the market is completely hopeless."

Seeing that the market opened significantly lower, and yesterday's hot spots were all wiped out, there was another moan and sigh among the retail investors in the market and online stock forums.

"The 20-day line has fallen below. This trend seems to have really reversed."

"What kind of line are you looking at! This kind of decline is a fucking stock market crash."

"It's true that eating meat didn't catch up, but being beaten all caught up, bad luck... bull market, bully!"

"The recent retracement has exceeded 25%, who is worse than me?"

"What the hell is the retracement? That proves that at least there is still a profit. I have lost 28% in the past few days! It's simply... much worse than the whole year of last year."

"I chased Wanqi Enterprises, and I had a sky-high floor and a down-limit."

"The same, the same. The profit-making effect of the market recently is really incomparable to what it was before. I can lose no matter what I buy, but I can't control my own hands. I want to buy when I sell it, and I want to get back my money. As long as I get back my money It's gone... I won't touch this thing anymore, it's almost tortured to death."

"Don't talk about the effect of making money, now there is only the effect of losing money."

"I don't understand why a good market suddenly became like this. I really didn't expect...the market would actually go into a peak mode."

"It's bad, there must be a big bad!"

"I also feel that there should be a major negative, and the main funds have been running in recent days."

"Hey, let's not talk, let's not talk... the market has opened, and yesterday's pursuit of high prices was buried, and today we can only passively cut meat. I don't understand the hard logic of Fenda Technology and it also fell."

"I also cut Orient Securities. Recently, chasing the leader, I really lost my mentality."

"That's right! It feels like the dragon head strategy doesn't work at all."

"A strong market trend, this method can have a high winning rate, a weak market trend, the highest leader, the probability will only be buried deeper."

"Indeed, hey... we can only learn from it."

"I'll go, there was still a brief rebound yesterday, and today the market... just opened low and went low?"

"No acceptance, no acceptance at all, it's really strange!"

"The trading volume is shrinking. It's obviously shrinking. What are you doing? Funds are hedging? Is there really a major negative?"

Amidst the complaints and depression of the crowd, the market trend after the market opening was almost in line with the call auction, which was extremely bad.

At 9:42, the Shanghai Index, Shenzhen Index, and ChiNext Index all fell by more than 1%.

At 9:55, the three major indexes fell further, reaching about 1.2%. Among them, Potential Hengxin and Zhejiang Dongfang ushered in the second consecutive limit-down.

At 10:15, the Shanghai stock index ushered in a slight rebound after hitting the lowest drop of 1.37%.

Afterwards... During the entire morning trading period, the three major indexes fluctuated around a decline range of 1.1% to 1.3%, and the entire market shrank significantly compared to yesterday.

At noon, apart from the ferment of sentiment on the bear side of the market, other news...is still calm.

Then, the panel in the afternoon.

Between 1 o'clock and 2:40.

The index continued to maintain a pattern of underwater shocks, and the wait-and-see mood of the main funds on and off the market became more and more intense amidst the low volatility of the index.

But when the trading time advances to after 2:40.

A wave of relatively strong selling of main funds broke out again in the market, and the risk aversion sentiment in the market quickly heated up.

Finally, when the market closed at 3 o'clock in the afternoon, the decline of the three major indexes was almost the same as yesterday. , there is no red plate.

Faced with such a closing situation...

The market investment sentiment is further pessimistic and depressed, and the complaints of retail investors have become more intense.

Of course, many major funds and institutional groups who know why the market has continued to plummet and are getting weaker and weaker are generally fortunate that they have received the news earlier and have lightened their positions in advance.

At the same time, closely follow the vast investor groups of Fortune Road.

After seeing Fortune Road appearing on the market, after the market plummeted, I was also very lucky, and I felt more admiration for Fortune Road.

"Sure enough, Fortune Road is God!"

"That's right! Since Fortune Road reduced its position, the market has been falling endlessly, and it's all a trend of burying people."

"What the hell, I really should have followed Fortune Road to lighten up my position, hey... I regret it!"

"It's all a big downtrend. What a ghost. Before the bull market is over, the bear market is coming again."

"Isn't the Wealth Road still out today?"

"Looking at the stocks held by Fortune Road such as Orient Securities, Orient Ventures, Zijiang Enterprises, and Wanqi Enterprises, they still fell sharply today, and the large funds on the market still completely showed a state of net outflow. It's really uncertain!"

"Probably not? Wealth Road has been out for three days in a row, and it's still out today...then I really don't know how many billions of chips are lurking."

"Just look at it and you'll find out!"

"If the road to wealth is still out, the index will probably fall next week, hey..."

"When Fortune Road reduced its position for the first time, it should have been cleared the next day. I remember that there was an obvious surge in the market that day. It was an excellent opportunity to reduce the position. Unfortunately... I really shouldn't be greedy."

"As a result, don't talk about opening high now, but directly opening low and going down, it is simply horrible."

"Hey, I've been numb after being killed for the past few days, and I'm cutting flesh every day."

"I hope that Fortune Road will not be sold today, so next Monday... there may be a chance for a rebound."

During the heated discussion, under the anxious and hopeful mood of many retail investors, the time passed by 5:30 p.m., and the new dragon and tiger list was refreshed. Fortune Road is not on the selling list today. Of course... the buying list is also nowhere to be seen.

Finally, after selling for three consecutive days, the road to wealth, which was regarded as a thorn in the eyes of market bulls, stopped.

"Wealth Road is not for sale, Fortune Road is finally no longer for sale!"

Facing the clean list of dragons and tigers with no wealth path, many retail investors still in the venue breathed a sigh of relief.

However, everyone's ease lasted less than half an hour before being overwhelmed by a major bearish boulder from the market.

Because at 6pm.

The news of 'market IPO restart' that has been vaguely spread for several days has finally landed.

The China Securities Regulatory Commission has announced plans to restart market IPOs next month. At the same time...the China Securities Regulatory Commission Issuance Examination Committee also announced that it will restart the review of companies queuing up for listing next month, and promote the normalization of 'market IPOs'. So far... The direct financing channel of domestic listing, which has been stagnant for almost a year and a half, has been reopened.

hear the news...

The retail investor groups in the whole market are all crying, complaining, and angry, and at the same time... everyone also understands why the market has been so weak this week, and they are cheating every day.

"What the hell, the news must have leaked out. I said how can these major institutions run so fast."

Under the influence of the news of 'market IPO restart', in the violent market, the voices of complaints and anger suddenly boiled over.

"Is this how the maintenance market is supposed to be maintained?"

"You can't see the market, right? As soon as it improves, you start to draw blood. What the hell...can there be a bull market? Damn it...clearance on Monday, no matter how much you lose, I will clear it."

"It's no wonder that it has fallen sharply for 4 days in a row. The IPO has restarted such a big blood pumping machine. It's hell if the market doesn't fall."

"I said how the 'securities and venture capital' rioted for no reason before. I thought it was speculation about bull market expectations, but I didn't expect...the real speculation was the restart of IPOs!"

"Damn! It's such a bad time at this time."

"Damn... Next Monday, the market will go straight to the limit. I'm bored, I'm bored, hey..."

"Look at it this way... On Tuesday, Fortune Road, there was a large-scale reduction in positions, and the reduction was so urgent, it should be the day when you heard the news, right?"

"Holy shit, shit, restarting the IPO at this time, is it crazy?"

"The normalization of listing, can the market catch a ghost? Crazy, crazy... It's crazy!"

"Isn't it good to wait for the market to really go bullish before restarting? If it has to be at this time, it's no wonder that the market has been going from bear to bear for 6 years. With this blood sucking speed, how can the incremental funds catch up?"

"Hey, I thought I was a leek, but now... I am a blood bag."

"If this continues, the root of the leek will be gone."

"Restart it, let's restart it. If everyone doesn't subscribe, I think he can send it out?"

"Yes, yes! If there is another wave of breakouts, IPOs will naturally stop."

"Let's vote with our feet on Monday, and let the index drop to the limit. I see these guys, can they hold their faces?"

"I'm afraid that the GEM and the small and medium-sized boards will really have a lower limit. For more than a year, due to the stagnation of IPOs, many concept stocks on the small and medium-sized boards and the GEM have been directly speculated by hot money from all walks of life due to their scarcity. times the price-earnings ratio, now... the scarcity is gone, and the valuation has returned to normal, and the downward trend is really unstoppable!"

"Didn't you get to the point? After the restart of the IPO, the listed stocks will be listed according to the normal valuation, that is, listed according to the general price-earnings ratio of 22 times and 25 times. Then many concept stocks on the small and medium-sized board and the ChiNext board will inevitably suffer. Until the valuation is suppressed, there is a situation of plummeting."

"Anyway, next Monday, the SME board and ChiNext board will definitely be over!"

"Still falling? It's really unlucky. I took Hua Qingbao for 86 yuan, and I have lost almost 30%. It seems... In this life, there is really no hope of getting back my money!"

"Hey, I really regret that I didn't follow suit and reduce my position when I was reducing my position on Fortune Road."

"Looking at it now, the day when Fortune Road reduced its position was a bright reminder. Why didn't you understand it at the time?"

"Not only was it reminded on the same day, but it was also reminded for three days in a row. It was sold for three consecutive days. The liquidation situation is extremely obvious. If there is no way to reduce the position, then it can only... really lose money based on strength."

"Sin! I entered the market after the National Day, and it feels like it's been less than a month. I've gone through a complete round of bulls and bears!"

"Where's the cow? Where did my cow go, why did it suddenly turn into a bear?"

"Hey, this wave... These main funds are really ugly!"

"Don't blame the ugly food. Anyone with a discerning eye will know that something is wrong in the market these days, not to mention that Fortune Road is on the dragon and tiger list. It has been reminded for three days in a row. I can only say that... I don't want to reduce my position or evade it. It's me greedy."

"It's cold, this time it's really cold!"

"Whoever said before that this is a bull market, you can raise funds, it's okay... Fortunately, there is no financing, otherwise there is no place to cry if you want to cry at this time."

"Hey, in the mind plate, the index has already reached the limit next Monday."

"If you want to go to the rooftop, hurry up, otherwise the rooftop will be full on Monday, and there will be no place to dance."

In the heated discussions, the news of the restart of the IPO market is like a bundle of high explosives, directly blowing up the already sluggish and crumbling market confidence.

So, as the news continued to ferment...

No matter what the regulators say about the restart of the IPO, it will have little impact on the market. No matter what angle analysts and financial media from various institutions sing about the market and explain the impact of the restart of the IPO on the market, no matter how good the external trend is...it is no longer possible. Bring back broken emotions and confidence.

Throughout the weekend, as the news fermented, all investors' expectations were dark.

In everyone's mind plate, the index has fallen to the limit, the market is hopeless, and there is no need to save it.

During this period, many investor groups who were eager to enter the market to buy bottoms before gave up their plans to enter the market under the extremely pessimistic and extremely dark emotional expectations at this moment.

In short, before the market opened, everyone has lost all hope due to the market trend on Monday.

Investors trapped in the market are wailing, and investors who have escaped the huge bad news with light or short positions are also complaining and anxious.

After all, it was not easy to raise a glimmer of hope that the market would go bullish.

All investor groups participating in the market, regardless of those with heavy positions, light positions, or short positions, do not want the market to fall back to the continuous downturn trend of the previous few years, and do not want to experience the kind of endless downturn every day. The days when you don't want to open a trading account at all.

In this extreme emotion, in this despair of confidence collapse.

October 10 is approaching, and the market ushered in the first trading day after the major negative news of 'IPO restart' landed.

At 9:15, when the emotional temperature of the entire market can be described as extremely cold, and when hundreds of millions of investors are uneasy, desperate, but seem to hope for a miracle, nearly 2000 stocks in the two cities ushered in a collection bidding.

(End of this chapter)