The investment era of rebirth

Chapter 285 Greed and Fear in the Market!

Chapter 285 Greed and Fear in the Market!

I saw the stagnant disk flickering quickly.

Immediately afterwards, the entire market was surrounded by a piece of green. Of the nearly 2000 stocks, only less than 100 were in the red market. With a low opening trend of more than 1%.

In particular, related concept sectors with a relatively high proportion of constituent stocks in the small and medium-sized board and the ChiNext board.

Such as 'restructuring backdoor', 'smartphone industry chain', 'mobile Internet', 'ST sector', 'mobile game', 'Apple concept', 'Internet finance', 'film and television media', etc. The initial low opening range of the concept sector was all above 5%.

Related core concept stocks...

Tickets such as "Huaqingbao, LeTV, Changqu Technology, Huake Jincai, Shanghai Steel Union, Huayi Brothers, Anjie Technology, Flush, Dongfang Fortune" have all been pressed to death at the moment. In general, there are very few funds that actively buy bottoms and take orders from the master seal of large orders.

"Fuck, this opening scene is really a trend of a direct crash!"

Seeing such a call auction situation in the two cities, inside the Shanghai Zexi Investment and in the trading room, Zhou Kan was extremely shocked. He was stunned for a few seconds before he realized: "Nearly 300 constituent stocks of the entire GEM opened lower by more than 5%. 100%, accounting for nearly [-], this battle... is really a complete collapse, and it feels like all retail investors in the market are selling at the moment."

"Confidence has collapsed, and everyone naturally began to vote with their feet." Beside Zhou Kan, Xu Xiang looked at such a market situation and felt a lot of emotion in his heart. The market plummeted, sighed softly, and said, "However, under this kind of crash mood, the index's no-resistance plunge can also easily clear up the meat-cutting plate of chasing high in the market. I believe it will take less than two days. This wave of market adjustment, There is a high probability that it will fall through.”

He believes that although the disk at this time looks scary.

But in fact, whether it is the Shanghai Stock Exchange Index, the Shenzhen Index, or the ChiNext Index, they have been adjusted for almost a week in a row. They have already reacted to this major bad news about the restart of the IPO market. In addition, at the current stage, The positions of Shanghai Index, Shenzhen Index, and ChiNext Index are not high, and the depth of adjustment should be very limited.

According to his prediction, he believes that the Shanghai Stock Exchange Index will fall back to the range of 2100 to 2200 points at most, and the ChiNext Index will fall back to around 1100 points at most, which is almost the same.

In short, he believes that the current positions of several major indexes are all in the bottom range.

Moreover, in this round of the market, the market volume is limited, and the accumulated profits and new lock-ups are not heavy after the previous week has been significantly digested. Those who can bear this part of the panic selling chips.

"Xu always said...the market won't fall too deep here, and there is a chance for the market to pick up?" Zhou Kanwei said in surprise, "But it looks...it's a bit scary!"

Xu Xiang smiled slightly, and said: "The financial trading market is an emotional amplifier. Fear and greed are always between the peaks and troughs of the market, and they are deduced back and forth. The restart of the IPO is indeed a substantive factor for the current market. A major negative will indeed cause a serious blood-sucking effect on the current market, resulting in insufficient incremental funds.”

"However, the overall valuation of the market, as well as the index point, is relatively low."

"In addition, we have digested the bad news for several days before, and many of the main funds have been withdrawn in advance. At this moment, what everyone thinks... should not be fear, but when to enter the market to buy the bottom."

"After all, after the bad news hits the ground, it is no longer bad news."

"Moreover, although this news has affected the incremental funds in the market, it has not changed the original market industry expectations and the future performance of stocks in the boom industry cycle. At most, it will only suppress their short-term valuations. It's worth it."

"In other words, the core logic of the market has not changed."

"It's just that in the past few months, the relevant concept stocks on the ChiNext have risen a lot. Now that the bad news is coming, everyone is taking advantage of the situation to adjust."

"If these pre-popular stocks on the Growth Enterprise Market and the small and medium-sized board that have strong future expectations, performance that can continue to explode, and fundamentals that can continue to improve significantly can fall to a suitable price in this wave of bad news, then these stocks... still It has good investment and speculative value."

"I dare say..."

"After this wave of ChiNext's fall, under the background that the 'mobile Internet' and 'smartphones' are destined to explode in the future, these core hot stocks on the ChiNext will be sought after by various main funds, and will The future ... hits new all-time highs."

"So, the plunge itself is not worthy of attention."

"The opportunity after the market crash is what we should pay attention to and focus on."

"The restart of IPOs in the market hits short-term investment sentiment in the market, but it is not the trend of the macro fundamentals of the market... When we look at the problem in the transaction, we still have to look at the essence. If we blindly focus on the index and sentiment, then...after all, we will It will also be led by market sentiment.”

"Understood!" Zhou Kan nodded slightly, "What I saw was panic, but what Mr. Xu saw... was an opportunity."

In essence, he also believes that the market will not fall too deeply. After all, the restart of IPOs in the market is a bit of a surprise to the market, but it is not completely beyond expectations. Judging from the future expected impact on the market and the impact on macro fundamentals, It is far worse than the crisis of the market money shortage at the end of June.

The market came out of the last crisis easily, so there is no reason why it can't this time.

However, even though he thought that the market would not fall too deeply, he was not as optimistic as Xu Xiang in his understanding of the subsequent market situation.

While the two were talking, the time had already passed 9:20...

After the shock of the call auction from 9:15 to 9:20, and the large-scale cancellation of false pending orders, the market performance at this moment is not as pessimistic as it was at the beginning of the call auction.

I saw nearly 300 constituent stocks on the GEM, with a drop of more than 5%, which has shrunk to 78. The number of stocks with a daily limit has also been reduced from 9 at the beginning of the market at 15:29 to 21, and the proportion of GEM constituent stocks For core hot concepts such as 'mobile games', 'Internet finance', and 'film and television media' with higher weights, the decline at this moment has also been reduced compared with 9:15, and many stocks have already seen significant bottom-buying Money poured in.

In the direction of the small and medium-sized board, the performance is similar to that of the GEM.

It's just that the related concepts of "restructuring and backdooring" and many shell stocks and ST stocks are still extremely weak. For a single ST sector, the number of stocks with a daily limit is as many as 16. As for the previously hyped shell stocks, There are also as many as 8 stocks with a daily limit.

In terms of the direction of the main board, compared with the ChiNext and the small and medium-sized boards, the performance is much better.

Its related constituents, heavyweight industries and concept sectors, opened sharply lower, but the panic effect was not serious, especially the banking sector and petrochemical sector, which opened only 0.23% lower at the moment, and its core stocks, Chinese commercial bank, Huanong Bank, Huajian Bank, Huaguo Petroleum, Huaguo Petrochemical and other trillion-level market core weight stocks are still in red.

As for being hyped in advance by the market...

As the market's IPO restart beneficiary sector of the 'securities, venture capital' field.

At this moment, although the low opening range is not large compared with the weight concept sectors of the GEM and the small and medium-sized board, panic selling of relevant core concept stocks in the sector still emerges endlessly, and it does not show that the IPO restart has benefited. The plate should be strong.

"The good news has landed, and the two major IPO sectors benefited from the restart of 'securities and venture capital' have not performed at all. It is really surprising." Shenzhen City, inside Xinniu Fund Company, in the trading room, Liu Xin, the general manager, stared at the big crowd in the trading room. Looking at the market trend on the screen, he said with emotion, "This market trend... is seriously lower than expected!"

"It's not surprising." Next to Liu Xin, the fund manager Fang Xinsheng said, "'Securities and Venture Capital', the two major IPO beneficiary sectors that have been restarted, have been hyped in advance by the market, overdrawing expectations, and the bargaining chips on the floor have been completely loose and scattered. Now the market The bright cards have been revealed, and for these two major sectors, there is no potential expectation, and the main funds will naturally not enter the market to speculate, helping to release the huge amount of retail chips that were trapped in the early stage."

"In the direction of the GEM and the SME board, there are many concept plates with future expectations..."

"At this moment, there is a profit margin, an overreaction, and signs of a complete fall."

"I guess... if the main funds are going to be marketed next, this breakthrough direction is absolutely impossible to be on the surface, benefiting from the restart of the IPO's 'securities and venture capital' concept sector, but since mid-October. The big drop has continued, and at this moment, it has suffered a serious negative blow. The small and medium-sized board, which has been completely abandoned by the market, and the popular concept sectors in the early stage of the GEM, such as the two main lines of 'mobile Internet' and 'smart phone industry chain', should still have a chance .”

"The bad news has just landed, so I'm afraid it's a little early to fall through?" Liu Xin said, "I feel that funds are hedging, and they will still go to the financial direction. Looking at the opening situation today...'Securities, venture capital' fields, although due to expectations Factors such as overdraft and early speculation are relatively weak, but the banking sector is still very strong, and at this moment it has led the industry sectors in the two cities, and...the stocks of the four major banks are all in the red. "

Fang Xinsheng smiled and said, "Mr. Liu might as well take a look at the two barrels of oil, they are pulling harder!"

Hearing Fang Xinsheng's words, Liu Xin turned his attention to the two stocks of Huaguo Petroleum and Huaguo Petrochemical. Sure enough, he saw that these two checks were pushed up by a large amount of bottom-hunting funds. %, it rose to around 9%.

"This is... the core force of the market, protecting the index?"

Fang Xinsheng didn't need to continue to explain, he already understood.

Fang Xinsheng nodded with a smile: "It's stupid to cover your ears and steal your bell, but you have to use it when it's time to use it. The four big banks add two barrels of oil. Maybe the stock index will still be red after the call auction is over, but...even if It’s a red plate, and today’s market sentiment can’t be saved.”

"The specific market trend, as well as market sentiment indicators..."

"It still depends on the performance of the small and medium-sized board and the ChiNext board."

"Only when these two indexes, which symbolize the vastness of the market, and small-cap stocks are stabilized, can the market truly stabilize."

"Only when the large and medium-sized and small-cap stocks in the market are stabilized and the sustained profit-making effect is realized, will the market have a real chance of recovery."

"That's why I said..."

"The turning point of the market situation, the direction that the main funds are willing to attack, must be the small and medium-sized board and the ChiNext board that have fallen through, and it will not be the main board finance, or other big players."

"This method... is still as familiar as ever!" In Fang Xinsheng's analysis, after seeing the capital component of the bank's weight in the pull-off, Liu Xin sighed helplessly, "It's really that face is more important than inside, so it's a pull-off ...the stock index may not be able to fall through."

"Indeed!" Fang Xinsheng said, "Once the fall fails, the adjustment time will be forced to be extended."

"but……"

Fang Xinsheng paused, and then said: "Almost all the weighted industry sectors related to the Shanghai Stock Exchange Index are traditional industries. In the current macro economy, real estate is suppressed, and traditional industries have no good expectations. Doing this kind of deceitful action, the shock adjustment of the Shanghai stock index will not end in the short term. From last year to this year, the core main line of the entire market has always been the small and medium-sized board and the gem."

"I believe in the direction of this market breakout driven by the macroeconomic side..."

"The blood-sucking effect of a market's IPO restart alone cannot be sustained. Follow-up... After the adjustment of the small and medium-sized board and the ChiNext, it will inevitably pick up."

"But after the collapse of market confidence, it is not easy to rebuild." Liu Xin generally agrees with Fang Xinsheng's more optimistic analysis, but he feels that even if the market has fallen through the roof in the short term, if he wants to reverse, he must adjust the time. I'm afraid it won't be short, "Market adjustment, space and time are all indispensable!"

Fang Xinsheng nodded slightly, and said: "Mr. Liu is right. Market adjustments are indeed indispensable for space and time, but partial market conditions can be produced without a full recovery of confidence. In fact... The recovery and the re-establishment of confidence are also based on the continuous money-making effect.”

"For the majority of investors in the market..."

"As long as there is a sustained money-making effect, they will participate without hesitation."

"And the development of the market usually always spreads gradually from the local market to the overall market."

"For the size of our fund, as long as there are some profitable markets in the market to participate in, that's enough. Really wait until the market sentiment recovers and confidence fully recovers. In fact, it is already the right market area."

"Okay!" Liu Xin smiled and said, "Just as you said... When it's time to make a move, we will make a move. We missed the main hype market of 'securities and venture capital', but we have missed the follow-up opportunity. But it is entirely possible to seize the opportunity.”

"Of course!" Fang Xinsheng said confidently.

He admires the wealth road, but he doesn't believe that the other party can pinpoint the main line of the market every time, take the lead in the market every time, and get the most lucrative profit in the outbreak of the main line.

As the two discussed, at this moment...

The time has passed 9:25, and the call auction between the two cities has ended.

I saw that the Shanghai Index was finally fixed at 2296.36 points, down 0.32%, the ChiNext Index was fixed at 1201.74 points, down 2.48%, the Shenzhen Index fell by 1.52%, and the small and medium-sized board index fell by 2.33%.

In addition to the index...

In terms of sectors and individual stocks, the core concept sectors related to the weight of the small and medium-sized board and the ChiNext led the decline across the board, and the banking and petrochemical sectors were slightly red, leading the two markets. Among them... related core stocks, Huaqingbao, Changqu Technology, Huake Jincai, Shanghai Steel Union, Xinwei Communication, etc. are still closed to the limit. LeTV, Wangsu Technology, Huayi Brothers, Fenda Technology and other tickets have opened the limit in the call auction, and the opening is 5% to 8%. Wait.

In the direction of the main board, as well as the core stocks of the concept of "securities and venture capital", the stocks of the four major banks of China Commercial Bank, China Agricultural Bank, Huaguo Bank, and Huajian Bank opened slightly higher in the red market, and Huaguo Petroleum and Huaguo Chemical opened higher at 0.45 %, 0.56%, Huaxin Securities, Huatong Securities, Huashang Securities and other securities heavyweight stocks opened lower by less than 1%. opening.

In the direction of "venture capital" concept stocks, Zhejiang Dongfang opened 7.26% lower, Dongfang Ventures opened 4.73% lower, and a group of stocks such as Shibei High-tech, Zhangjiang Hi-Tech, and Zijiang Enterprises all opened lower by more than 2%.

"What's causing the trouble? Why are the Shanghai Stock Exchange Index, the Small and Medium-sized Board Index, and the Growth Enterprise Market Index so split."

Seeing such an opening situation, Li Meng was a little surprised inside Yuhang and Yuhang Investment Company and in the trading room: "Even if the IPO market restarts, the valuation suppression and bleeding effect on the market will mainly affect the small and medium-sized boards and entrepreneurship. Most of the concept stocks on the board, but the gap between the Shanghai index and the ChiNext index is too big.”

"Look at the rise of the bank and petrochemical sector indexes, as well as the stock price performance of the so-called 'core assets' such as 'Chinese Commercial Bank, Huaguo Bank, Huanon Bank, Huajian Bank, Huaguo Petroleum, Huaguo Petrochemical, and Huaguo Construction', You will feel normal." Su Yu, who was sitting in front of the computer next to Li Meng, smiled and said, "Don't talk about a 2% decline, even a 5% decline is a matter of 'face' Next, it's not impossible."

"But the "national team funds" solicitation can't do anything except make the index look better!" Li Meng said, "According to the opening situation of the GEM and the small and medium-sized board, the mood in the market has collapsed, and There is no obvious hotspot that can drive market sentiment, and the market today has only one way to go: panic selling."

Su Yu smiled and said: "Just make the index look better, the superficial prosperity is also prosperity, isn't it?"

"but……"

Su Yu paused, and then said: "In addition to the index performance, it is a bit surprising that the two main lines of 'mobile Internet' and 'smartphone industry chain' have opened so much lower today, especially Hua Qingbao, Changqu Technology, Shanghai Steel Union... these stocks have all fallen by the limit."

"Counting this limit down, these tickets have retreated from their historical highs, generally more than 35%!"

"Among them, there are quite a few that have already reached the distance of almost cutting in half."

"This decline has been seriously oversold in the short term."

Li Meng nodded and replied: "Indeed, compared with the stock price when we entered the market, it has generally fallen by about 35%. The market sentiment...is really amazing. When the fundamentals of individual stocks are still improving, the two ends of pure emotions Changes, the stock price gap can be so large."

"Hype, from another perspective, is essentially the induction of emotions." Su Yu said, "The two main lines of 'Mobile Internet' and 'Smartphone Industry Chain' are so panic-stricken, and when this wave of emotions is vented, It’s really the stage of layout hype again.”

Originally he thought...

After the continuous decline in the previous week, the market's performance today should not be so drastic, after all, the bears have already reacted before.

However, looking at it at this moment...he still underestimated the ability of the market to crash under extreme emotions, as well as the ability of many retail investors to sell in panic.

Of course, it's good for him to do it in one step.

The market's reaction in this way is equivalent to speeding up the time for him to return to the main lines of the two core concepts of 'mobile Internet' and 'smart phone industry chain', and it will also aggravate the market's subsequent trend amplitude.

"Didn't you say before that the Shanghai Stock Exchange Index and the Growth Enterprise Market Index will fall back to the previous shock platform before making a layout?" Li Meng said, "Now it seems that the distance is still a little bit farther away."

Su Yu said: "With the participation of the main capital of the 'National Team', the Shanghai Stock Exchange Index has been distorted, so the main core indicators have to pay close attention to the small and medium-sized board and the GEM. At present... the GEM index is 1100 points away from the platform. Indeed, there is still a lot of distance, but with the differentiation of individual stocks, in fact, many stocks have fallen below the 1100 point position of the ChiNext Index at the moment, but... if we want to reverse our positions, we still have to wait for the market to clear the current panic. , Let’s talk about it when we’ve vented enough.”

"Look at the market trend today and the overall emotional reaction!"

"Plans are dead, but the market and people are alive. In the actual changes in the market, it is normal to fine-tune the plan."

"Okay!" Li Meng nodded without asking any further questions, and continued to turn his gaze back to the board.

At this time, the time has passed 9:30, and the two cities ushered in the official bidding transaction.

At 9:31, the weight of the so-called "core assets" in the banking and petrochemical sectors, under the support of the "national team" funds, also understood the market situation and understood that this area will be a safe-haven area in today's market Chased by various funds, the increase was further expanded.

At 9:35, Chinese Merchant Bank, Huaguo Bank, Huanong Bank, Huajian Bank, Huaguo Petroleum, Huaguo Chemical and other stocks with a market value of one trillion yuan rose by more than 1%. At the same time... the Shenzhen Stock Exchange Index, the Small and Medium-sized Board Index, and the Growth Enterprise Market Index continued to expand, and panic selling and panic selling orders continued to increase.

At 9:42, the Shanghai stock index fluctuated between 0.5% and 0.6%. The ChiNext index and the small and medium-sized index expanded to 3%. More than 50 stocks in the two cities fell by the limit, and nearly 2000 stocks in the two cities, more than 90% of the stocks, They are all falling, and the [-]th effect is extremely obvious.

At 9:52, the GEM index and the small and medium-sized board index expanded to 3.5%, and the number of limit-down stocks in the two cities expanded to 67. However... At this time, the banking sector index increased even more.

At 10:02, the stock index fell to 0.23%, maintaining a slight red plate, and the GEM index fell to 4%. Of the nearly 300 constituent stocks belonging to the GEM, half of the stocks fell by more than 5%, of which more than 30 stocks fell by the limit, and The panic is still expanding, and the strength of the disk is still weakening.

At 10:22, the Shanghai Stock Exchange Index fell back to the opening point, and fell slightly. The ChiNext Index expanded to nearly 4.5%, approaching 1180 points. They fell more than 7% one after another, heading for the daily limit.

At 10:36, the number of limit-down stocks in the two markets exceeded 100, but...the stock index has turned red again.

At this time, countless investors watching the market inside and outside the market are already desperate and angry about this strange trend in the market.

"Fuck, what the hell is going on? The ChiNext Index has fallen by almost 5%, and the Shanghai Stock Exchange Index is still in the red market."

"What the hell... I really don't want any face!"

"What's the point? What's the point? 92% of the stocks in the entire market are falling. Even if the banks and two barrels of oil are pulled to the daily limit, can the collapsed market be saved?"

"There is nothing better than this!"

"I used to say that the main institutions that hyped 'securities and venture capital' in advance are ugly, but now I take back what I said before, what the hell... Controlling banks, Huajin and Huijin with two barrels of oil, and many core main funds with state-owned backgrounds It’s really disgusting, after many years, it’s still the same way.”

"The situation is great, don't lose face, understand, understand!"

"Don't look at it, it is estimated that the ChiNext Index will drop by the limit, and the Shanghai Stock Exchange Index will still be red."

"This market is so fucking hopeless, it's sold, it's sold, it's just cleared... I'm really tired!"

"Damn, all the stocks in my holdings are down to the limit, and I can't sell them even if I want to sell them. Then I look at the banking sector, look at the two barrels of oil, I'm really angry."

"Everyone, vote with your feet, anyway, I'm liquidating."

"I'm so pissed off, it's uncomfortable to watch this market. Before, the bank and the two barrels of oil performed like a dog all year round, and they would never beat the market. At this moment... the net blind performance, hey... really is the eyes of the whole market , are all blind!"

"The more banks are pulled, two barrels of oil, the faster the market crashes!"

"Yes, the red market of the Shanghai Stock Exchange Index is completely a cover for the main force in the market to fight for the last market liquidity. It has bad intentions!"

"Everything falls, how good is it to fall all at once, completely?"

"On this special day today, the market has really hit the limit. How can people hold on to their face? After all, the red market of the Shanghai Stock Exchange Index can indicate that the majority of investors in the market welcome the restart of the IPO."

"It's no wonder that the main force of hot money in the market never touches these core weights. It's simply blatantly manipulating the stock price."

"What are you talking about? How can this be called manipulating the stock price? It is obviously a macro adjustment of the market. Of course... we leeks have always been the targets of adjustment."

"Very good. The A-share market has always been a spectacle maker, so it's not surprising."

"If you can sell it, sell it quickly. Looking at the situation... the index will definitely go straight to the limit in the afternoon. Of course... I'm talking about the ChiNext Index, the Shanghai Stock Exchange Index... maybe the limit."

"The daily limit of the bank and the daily limit of the ChiNext are still possible."

"The market value of the entire GEM is not half as large as that of the banking sector. Banks pull the limit, and even if the GEM index is lowered, the Shanghai Index will still be red."

"Looking at the stocks I hold, all of them are at the limit, and then I look at the stock index... I really can't cry if I want to cry!"

"Putting the bank, you can say that it has something to do with the restart of the IPO, pulling two barrels of oil, and pulling the petrochemical sector, it is really too much!"

"It would be great if I could pull up my potential balance!"

"It's useless! A direct hit from negative positions, coupled with such a weird polarization trend, everyone's confidence in holding positions has completely collapsed. At this moment, unless tens of billions of funds are used to kill the popular concept stocks on the small and medium-sized board and the ChiNext board that are on the limit-down board All are pulled to the daily limit, otherwise it will not be able to drive market sentiment."

"Yes, for five or six trading days in a row, all the bottom-hunting funds were buried, and buried deeper and deeper. At this time... who would dare to take the flying knife?"

"Hey, the bear market is still suitable for A-shares, as for the bull market... probably within the lifetime!"

Amidst the extreme complaints and the complete collapse of investment confidence, the market continues to show extreme tearing.

At 11:06, after June 6th, the ChiNext Index once again hit a 25% drop in intraday trading. At this time... the Shanghai Stock Exchange Index still maintained a red plate.

At 11:12, after hitting a 5% drop, the ChiNext Index briefly came under support and fell into a turmoil, while the Shanghai Stock Exchange Index... seemed to be standing still at a 0.2% to 0.3% increase, as if it had stopped trading. Of course, in the Shanghai Stock Exchange Index While maintaining a stable and volatile situation, the banking sector index has reached new highs, reaching a 2% increase, especially the stocks of the four major banks, which have increased by more than 2.5%.

At 11:25, near the close of noon, the market fell into a stage of significant shrinkage. A total of 125 stocks in the two cities fell by the limit, and the number of stocks in the red market was almost the same number.

At 11:30, the two cities ushered in the noon closing.

In the end, the Shanghai Designated Index was set at a 0.11% increase, still sticking to the 2300 point line, while the ChiNext Index was fixed at a 5.02% decline position. After the index broke through the 1200 mark, it fell all the way to the 1170 point line.

After the noon close...

In the face of extreme tearing and plummeting market conditions.

All investors reported an extremely pessimistic view, believing that the stock market crash has already occurred, and that this wave... the stock index will test another 2000 points, and the ChiNext index will test the support of the 1000-point mark.

And suffer from extremely pessimistic market sentiment.

Many of the main funds that originally planned to buy the bottom, as well as the large and small investors with short positions and light positions, and retail investor groups also became hesitant at this moment, and gave up their plans to intervene in the market at this time and take the flying knife.

So far, the potential incremental capital strength of the market has been further weakened.

The power of the bears has also become stronger and stronger in the continuous fermentation of the panic, causing the market to become completely panic-filled, the power to undertake is cut off, and the shorts are fully suppressed.

Of course, during this period, a group of core market funds such as 'Huajin and Huijin', who ended up with missions, resolutely defended the market, and desperately pulled the red stock index, also indirectly caused a reverse effect on the market. Inside, many retail investor groups who hesitated in their hearts also joined the army of selling down and selling.

In the end, with such emotions and such a situation...

Opening at 1:5 p.m., the stock index, which had resisted a drop of around [-]%, was once again killed by panic selling in the market, and the decline further expanded.

At the same time, the small and medium-sized board refers to stocks in the entire market except banks and two barrels of oil.

have completely lost their mobility.

At 1:12, the ChiNext index’s decline expanded to 6%. Nearly 300 constituent stocks, more than one-seventh of the stocks hit the limit, and at the same time... when the market liquidity began to completely dry up, and the power to undertake had completely collapsed Under the circumstances, the Shanghai Stock Exchange Index is still in a flat position, sticking to 2300 points.

At 1:22, the two cities experienced a rapid flash crash due to the lack of liquidity.

In almost a few seconds, the ChiNext Index fell from around 6% to around 8%. Nearly 300 constituent stocks, more than 4/2, hit the limit. At the same time, the Shanghai Stock Exchange Index also no longer It was able to stabilize, and the lightning fell by nearly [-] points.

"God... this is too scary!"

At the moment when the liquidity of the entire market was exhausted, the panic market gathered, and the index collapsed in a straight line, inside Yuhang, Yuhang Investment Company, and in the trading room, Li Meng's eyes widened, his heart rose to his throat, and he was miraculously shocked .

就算她见识过6月24、6月25那两日市场因为‘钱荒危机’所导致的直线崩盘局面,此刻面对着8%跌幅的创业板指,还是被吓住了。

She never thought that today's market would be so miserable.

In the entire market, buying has dried up, and all investors are selling, and it is the kind of ignorant, unreasonable, pure panic selling.

"Buy it! All the panic orders in the market, all the floating chips, are all sold out at this moment." In the shock of Li Meng, Su Yu stared at the drop of more than 100 points in a day, and he was killed. The GEM index near 1130 points, with a flash of sharpness in his eyes, suddenly issued an order, "The core concept stocks in the two directions of 'mobile Internet' and 'smart phone industry chain', the limit-down 'Fenda Technology, Internet Speed' Technology, LeTV, Flush, Dongfang Fortune, Huake Jincai, Hengsheng Electronics...' and other stocks, all placed orders to buy, sweeping their limit boards."

"Buy?" Li Meng was stunned, thinking he heard it wrong.

Su Yu nodded slightly, stared at the market intently, and repeated: "Yes, buy, the extreme emotions appeared, all the panic in the market was vented, and almost all the core concept stocks of the main line were blocked by huge selling orders On the limit down, what a good buying opportunity, what a good opportunity to turn around the position!"

"purchase!"

Su Yu once again firmly said: "The GEM refers to a wave of losses, and it has reached the target position. Greed and fear are often only a thin line. The national team rescued the market, rescued the market in the wrong direction, and used the wrong method. Next...then... It was us who came out to seize the opportunity of the next round of the mainline market, reversed the market, and rekindled everyone's hope for a bull market!"

(End of this chapter)

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