The investment era of rebirth

Chapter 362 Long-Short Game!

"What's the situation? It was obviously a good trend, why suddenly it took a sharp turn for the worse!"

Faced with the sudden and rapid diving trend of the market, many investors who were eager to chase positions at high positions panicked and lost their composure in an instant.

"What the hell, just now, I just said that my big A stood up, but I didn't expect... It's still a soft-legged shrimp."

"Is it poisonous? When you buy it, it falls, and when you sell it, it rises!"

"Is 2200 points so difficult? Who is smashing the market? Are you crazy? It's crazy!"

"Damn, it's fine if you can't break through. What's the point of diving into the water after rushing high? It's a trend of killing pigs and defrauding people again? I'm convinced!"

"With such a good mood today, can't even break through 2200 points?"

"It's hopeless, it can't even go up!"

"Breaking through the low 2200-point mark is like breaking through the 6000-point mark. Is it so difficult? Hey... I thought the market had reversed, but I didn't expect it to be so useless!"

"Cry to death, I chased after the highest point!"

"Buried me again? I didn't dare to chase after watching it for two days, but today I chased after him. This market really has a grudge against me, right?"

"You don't want to play like this? You killed more than four months ago, isn't it enough?"

"Isn't this the end of this wave of rebound? This is...too short!"

"Will it be the same as yesterday's trend, and the market trend will reverse again at 10 o'clock?"

"Yesterday was a laundering of chips, and today it was a breakthrough. Is it still laundering? High-level clearances have always been done in one go, then declined, and exhausted. It doesn't make sense. At this time, the main force is still laundering, right?"

"It's hard to say, look again, look again!"

Everyone complained, doubted, wondered, puzzled, stunned, and angry...

Market trading hours quickly passed 10:[-] am.

In the last hopes and hopes of the majority of investors, the market did not usher in a reversal, but rebounded slightly, and after a short-term rebound touched 2190 points, it continued to plunge sharply.

At 10:10, the Shanghai stock index fell back to within 2180 points, and the increase shrank to within 1%.

At the same time, popular and popular concepts such as 'infrastructure', 'state-owned enterprise reform', 'Shanghai Free Trade Zone', 'Internet Finance', related industry sectors, and popular stocks all fell sharply, and sell-offs emerged in endlessly. The strong state at the opening is completely gone.

And after the collective riots, the 'securities' sectors of the two cities were directly brought down.

At this moment, it has been falling all the way, not only smoothing out all the gains since the opening of the market, but also turning from red to green, and the sector index directly fell into the water.

"Damn it, who the hell pulled 'securities' today!"

Seeing that the Shanghai Stock Exchange Index is on the way to fill the gap, it is gone forever, breaking through the 2200 point mark has completely become an extravagant hope. At the same time, I have also seen countless major funds in the market and various investment groups. When the bargaining chip, stop profit, or stop loss leave the market, at this moment in Shanghai, inside Principal Finance, in the trading room of the 'Future Investment Mixed Selection' fund product, Zhao Zhongming, the fund manager in charge of the product, was furious for a while, cursing: "Mother!" Yes, it’s not that the logic of the ‘bull market’ is clear. At this time, it’s strange to pull securities to disperse the core funds of the market, and the market doesn’t collapse. Stupid! How stupid!”

"What should we do now?" In Zhao Zhongming's rage, Yi Xiaopeng, the leader of the trading team, asked.

At the moment when the index went up in the early trading, they increased their positions significantly to follow up, and now...the floating losses of the funds for increasing their positions are not small.

It was also because of this that Zhao Zhongming was so angry.

Hearing Yi Xiaopeng's words, Zhao Zhongming knew that this was not the time to vent his emotions, so he forced himself to calm down and said: "The Shanghai stock index failed to break through 2200 points. The large amount of funds that had high expectations in the market before failed. Cut the position and leave, and the index has been aggressively attacked for two days, and has accumulated a large amount of short-term profit, this adjustment, I am afraid that I have to go back to the lower box for support."

"Hey, sell it! Sell some of the active chips in the account."

"Just like doing a reverse T today, control the loss at a constant amount, and at the same time maintain a certain level of position."

"Since the index breakthrough failed, we made a mistake in the trading strategy, then we have to admit the mistake, and it is wise to stop the loss as soon as possible!"

"Okay!" Yi Xiaopeng responded.

Immediately, he began to instruct the traders to lose the equivalent bargaining chips of today's high chase, lock in floating losses, and maintain a dynamic balance of positions.

And at the same time...

As Zhao Zhongming guessed, because the expectation of the index breakthrough fell through, and at the same time, in the past two days, many profit-making funds from the two main lines of "infrastructure" and "state-owned enterprise reform" were caught, and the losses were not large. I was afraid that the index would fall again. Going on, many large capital institutions with further deepening losses, and even many large and retail investor groups, have begun to turn from long to short, and have reduced their positions and sold them.

Of course, when these groups of holding positions, because expectations fell through, they sold off one after another.

A large number of institutions and investor groups who had missed the bottom of the "infrastructure" and "state-owned enterprise reform" and had relatively low positions, but at this moment, they followed their positions to buy and increased their holdings of cheap chips and high-quality chips.

Generally speaking, this is the moment when the original bears and bulls in the market exchange their identities and speak out against each other.

However, even with a considerable amount of funds, they are still continuing to take on the market. However, on the whole, as the cognition of "the failure of the Shanghai stock index to break through 2200 points" has become more and more deeply rooted in the hearts of the majority of investors in the market, the market's active selling volume. , It is still far greater than the volume of active buying.

At the same time, the market gathered a high-pitched long sentiment at the beginning of the session.

At this moment, with the continuous suppression of active selling orders and the continuous retracement of the index, it is also constantly exhausted.

In the end, under the continuous continuation of this suppressed selling and emotional exhaustion, at 11 o'clock in the morning, the Shanghai stock index completely wiped out all the gains from the high opening and fell back to the flat market, while the Shenzhen index and the ChiNext index have already fallen into the water. , have hit a decline of more than 0.75%.

As for the core lines of the two cities...

The related industry sectors covered by the two main concepts of 'infrastructure' and 'state-owned enterprise reform', as well as popular stocks, have risen significantly lower than when the market opened, and the net value of the main funds on the market has shown an outflow state.

Among them, the intraday gains of Huaguo China Railway and Huaguo MCC have fallen back to about 3%. Although they are still stronger than the performance of the two city indexes, the intraday amplitudes have also reached 5%; , the increase fell all the way to about 5%; after the explosion of Shanghai Steel Union and Waigaoqiao, the increase fell back to around 4%; after the explosion of Shanghai Sanmao and High-tech Development, it was relatively strong and remained at about 7%. .

The two cities, the entire field of 'infrastructure' and 'state-owned enterprise reform'.

Still maintaining a strong state, the only ones that have sealed the daily limit are Beixin Road Bridge and Shibei High-tech, which are regarded as the leading concepts by the majority of investors in the market.

Of course, although the daily limit of these two stocks is still sealed, the disk has also begun to gradually increase in volume.

Among them, the turnover on the Shibei High-tech Board has reached more than 3000 million, and no one can say whether its strong state can last until the afternoon close.

"This trend, I really guessed the beginning, but I couldn't guess the end, it was unexpected, unexpected!"

At the time when the Shanghai stock index smoothed out its gains and the situation in the two markets was not optimistic, and the time was approaching the noon closing time, Liao Guanghua, the general manager of Yanjing, Huashang Securities Proprietary Investment Department, trading room, stared at the market and said with a smile: "The two markets With a turnover of 600 billion, it seems that today it is expected to break through the scale of [-] billion!"

"You can still laugh, which proves that you are still very optimistic about the market outlook." Standing beside Liao Guanghua, Zhang Guangnian, chief analyst of Huashang Securities, said with a smile.

Liao Guanghua turned his head to look at him and asked, "Why, do you think it is not optimistic?"

"Let's see how the market goes in the afternoon!" Zhang Guangnian replied, "If we continue to kill, I'm afraid we will have to check the 2000 point position again."

Liao Guanghua firmly said: "It won't fall too deep!"

"Are you so sure?" Zhang Guangnian was a little surprised.

Liao Guanghua laughed and said: "Naturally! You should pay attention to the burst of energy in the morning. The strongest wave is naturally the one that breaks through the opening market. However, with the rapid decline of the market index, the energy is basically not It didn't shrink too much, and it was approaching noon, and the market was heavy again, with a turnover of 600 billion! This proves that the market is still very strong, and the current funds are all in a low position. With the two days of "infrastructure" and " The profit-making effect created by the two main concepts of state-owned enterprise reform', and their willingness to increase their positions, are quite strong."

"There are short-term funds, waiting to enter the market at a low level."

"Many fund companies and asset management institutions with low positions are eager to increase their positions."

"There is also the sweetness that has already tasted. On the two main lines of 'infrastructure' and 'state-owned enterprise reform', large-scale positions have taken the initiative to occupy a large amount of funds."

"As well as the 2200-point lock-in that was initially loosened today and the short-term profit-making that was cleared in the morning."

"Do you think that when the selling pressure has weakened, there are undertakers, and there are several stocks in the market that are controlled by the smartest major funds in the market, where can this index, which is already at a low level, fall?"

"Furthermore, if you are President Su of 'Yuhang Investment', you have finally opened the curtain of the two core investment lines of 'infrastructure' and 'state-owned enterprise reform', and you have taken the initiative in terms of bargaining chip costs. The initial money-making effect of the market, you, as the core control force of these two main lines, will you let these two main lines with clear logic fall further, and let those who are short-lived get on the car at a lower position?"

"In the current market, 'infrastructure' and 'state-owned enterprise reform' are the two main lines of investment with clear logic."

"Basically condensed the eyes and emotions of investors in the entire market. As long as these two lines do not collapse, the market sentiment adjustment will soon pick up again, and the Shanghai Stock Exchange Index is supported by these two main lines, and other blue-chip stocks, the valuation It has been compressed to the limit, and there is no way to fall, so the stock index will naturally not fall much."

"Excellent!" Zhang Guangnian praised with a smile, "Your analysis of the board is really thorough."

Liao Guanghua said with a smile: "Look, after the huge market shock in the afternoon, the trend will definitely exceed most people's expectations. Today's market trend can be described as killing without blood!"

With the two people talking, the time reached 11:30, and the prices of the two cities were frozen.

I saw that after the huge market shock in the morning, the Shanghai stock index finally closed down at 0.23%, which wiped out all the gains at the opening and covered the gap in the high opening, while the Shenzhen index and the ChiNext index closed down by nearly 1%. 0.89% and 0.96%.

Popular concepts and individual stocks.

The concepts of 'infrastructure', 'state-owned enterprise reform', 'Shanghai Free Trade Zone', and 'Internet Finance', which have attracted much attention from the market, have all dropped sharply and stepped out of the buried mode of diving high, but in terms of sector index gains, and Generally speaking, the performance of individual stocks is still significantly stronger than that of several major indexes.

And it is obviously not favored by the main funds, and there is no concept of 'mobile Internet' and 'smart phone industry chain' recently stimulated by the market. Although the increase in the past two days was not large, today's trend is still weak and still underperforms the market. The index perfectly interprets the famous market saying that "a dead leader is not as good as a dog".

Of course, the two main concepts of 'mobile Internet' and 'smart phone industry chain'.

Today's disk performance, although weak, is not the weakest in the market and the concept sector most criticized by investors.

Today, the most hated and criticized by investors, and the concept sector and industry sector that led the market in the index dive, is undoubtedly the outdated "brokers" sector.

After all, this sector has devoured a large amount of active funds in the market in a collective riot.

Not only failed to stabilize the market and helped the Shanghai stock index to stabilize at the 2200-point mark, but turned around and slumped fiercely, directly bringing down the entire market.

Therefore, when the market closes at noon, during a short break.

Today, under the failure of the index, countless investors who were buried in chasing positions at high positions vented their anger on the stocks of brokerage companies that performed extremely weakly, bursting out of volume, but doing nothing.

"I really didn't expect that the brokerage became the scapegoat for the failure of today's index breakthrough."

At around 12:40, in the internal trading room of Yuhang Investment Company, Li Meng, who returned to work after eating, couldn't help but smile after browsing countless hot topics on the Internet, and said to Su Yu : "Didn't everyone think that in the early trading situation, even if the brokerage sector did not disperse funds, the Shanghai Stock Exchange Index would not be able to stand firmly at the 2200-point mark?"

"Whether you think about it or not, it doesn't matter!" Su Yu replied with a smile, "Everyone just needs an outlet to vent their emotions, and it just so happened that the performance of the brokerage today hit the gunpoint, but... there is an outlet to vent, Very good! In this way, everyone will numb themselves in their hearts and rekindle the hope that the stock index will break through 2200 points."

"What is the most lacking in the current market? It is hope and confidence!"

"As long as everyone still has hope in their hearts that the Shanghai Stock Exchange Index will break through 2200 points, and have a little confidence, then a little bit of support will drive the market's money-making effect, regroup emotions, and gather follow-up funds, and it will be very fast."

"So, it's great to have a brokerage as the scapegoat!"

"Listen to your meaning and the logic behind it..." Li Meng paused, then said, "In the afternoon, we still have to make a deal? Maintain the hope and confidence in everyone's hearts?"

Su Yu nodded slightly, and said: "Of course! The market rebound trend that has been established with great difficulty can't just be abandoned like this, and... Looking at the market trend in the morning and the amount of energy that has exploded, if you want to pick up funds at a low level, you can't do it." We cannot let the expectations and purpose of these funds succeed.”

"The only way to keep the market is to keep them from picking up cheap chips."

"Maintain the market rebound trend and continue to squeeze them short."

"These positions are insufficient, and if you want to collect a large amount of funds at a low level, you will have no choice but to follow up at a high level, continue to carry the sedan chair for us, maximize our profit from holding positions, and also maximize the extension of 'infrastructure' and 'state-owned enterprise reform' The market vitality of these two main lines of speculation."

"Also, after the violent shock in the morning, the bargaining chip structure around the 2200 point of the Shanghai Stock Exchange Index has obviously loosened."

"We will organize our forces to attack later, and the pressure will not be so great."

Hearing Su Yu's strategies and calculations, Li Meng was stunned, and then exclaimed: "Your long-short game using market funds is really amazing."

"Thank you!" Su Yu smiled lightly.

Turning back to look at the big market screen in the trading room, I saw that the time had passed 1:[-] p.m., and the stagnant disks of the two cities had begun to bounce again.

(End of this chapter)