The investment era of rebirth

Chapter 457 Forced to attack early!
At 11:22, the Shanghai Stock Exchange Index broke through the 2295 point, and once again expanded the decline to more than 1%. At the same time, the intraday K-line, which was still in the red state, turned green again, forming a long and narrow green cross K-line.

At 11:23, the decline of Gemdale Group expanded to 3% again, and the decline of Changqu Technology expanded to 5%. The main line sector, which was attacked by many bottom-hunting funds before, also fell back with the index and returned to the opening. Below the position, the weak form reappears.

At 11:25, the selling pressure in the two cities further increased, and a group of "shell resources" concept stocks reproduced the limit-down trend.

At 11:28, the Shanghai Stock Exchange Index touched the 2190-point mark, and the ChiNext and Small and Medium-sized Board indexes fell again, expanding to more than 2%.

Finally, 11:30 came, the moment when the prices of the two cities were frozen.

The Shanghai Composite Index closed at 2189.22 points, a drop of 1.26%, while the Shenzhen Index and ChiNext Index fell by 1.73% and 2.08% respectively.

Among them, the half-day turnover of the two cities reached more than 680 billion.

Compared with the half-day performance of the market before the Dragon Boat Festival, this volume can be described as a substantial increase.

In addition to the index performance, the main concept sectors and industry sectors of the two cities, as well as various main line fields and popular core concept stocks.

I saw that the related industry and concept sectors such as 'consumption', 'medicine' and 'finance' in the defensive field have returned to the top of the two cities' growth lists, showing a state of leading the market; 'infrastructure', 'state-owned enterprise reform', 'Mobile Internet', 'smartphone industry chain', 'military industry' and other mainline fields have returned to the middle area of ​​the market from the leading decline area of ​​the two cities, keeping pace with the market; 'restructuring backdoor', 'venture capital', Various mainline concepts such as 'ST plate' are still under the most violent selling attack in the market, not only leading the decline in the two markets, but also related concept stocks have shown a relatively obvious phenomenon of limit-down tide.

"Hey, since there is no core main institution to take the initiative to make the market, then we can only continue to wait."

At 1:10, the decline of the small and medium-sized board index and the gem index expanded to nearly 2.5%. The panic selling sentiment in the two cities once again climbed rapidly. , There is also a phenomenon of going higher against the trend again, and more safe-haven funds have poured into these major mainline areas.

At 1:20, the Shanghai stock index broke through the 2180 point and fell all the way to the 2176.79 point. It was also hit hard again.

"There is no way, we can only respect the market."

I saw that the time had just passed 1:[-] p.m., and the disks of the two markets began to beat again.

Stocks such as Beixin Road and Bridge, Beijiang Communication Construction, Shanghai Sanmao, China Fortune Land Development, Gemdale Group, Anjie Technology, Xinwei Communication, Changqu Technology, LeTV, Netspeed Technology, etc., their disk performance is still weak In the broader market, it shows that part of the most active short-term speculation funds and speculative funds in the market do not have a high degree of participation.

"And once this expected judgment fails, the stock index will completely fall below the 2200-point support."

"The key point is that the first batch of new shares will be listed after the opening of the IPO gate tomorrow. Once the Shanghai stock index completely falls below 2200 points today, there is really no possibility of a turnaround."

At 1:05, the Shanghai stock index fell back to the 2180 point line, a drop of more than 1.5%.

As for other popular core concept stocks...

"In my opinion, this morning's trend has already shown that the Shanghai stock index has actually broken through the 2200-point support."

"Let's wait and see with short positions. At this time, waiting patiently is the only correct choice."

"To be honest, after the panic sell-off in the early trading, the panic sell-offs went out for a short time, and the market-buying entered quickly, pulling the market straight up. It was quite beautiful. I almost couldn't help but follow it. It is a pity that after filling the gap, it failed to turn red and completely reverse the market's decline."

The Shanghai Index, as well as the core indexes of the market such as the Shenzhen Index, the ChiNext Index, and the Small and Medium-sized Board Index, plunged rapidly again. The popular stocks in the two cities, as well as their main core main line concepts, were all impacted by the concentrated selling pressure , diving down one after another, completely returning to the weak form.

"Not only does it require great courage, but it also requires a pure incremental capital of at least 20 billion."

"If you miss the mark of 2200 points, the stock index will fall into a large box shock range from 2000 points to 2200 points. It will be difficult to break out at that time, right? After all, the stock index broke through the mark of 2200 points last time, but with the help of The two main themes of 'infrastructure' and 'state-owned enterprise reform' broke out in full swing, and they succeeded in breaking through."

"Indeed, this morning's trend is really dramatic enough."

"The market trend has already gone like this, so it can only be predicted according to pessimistic expectations."

At 1:15, the number of limit-down stocks in the two cities broke through to 50.

"Since the 2200 point is actually broken, we can only focus on the 2000 point. After all, there is no solid support between the 2200 point and the 2000 point."

At the same time, it also shows that the majority of investor groups on and off the market are not willing to take the initiative to follow suit. Everyone's expectations for the market outlook and investment confidence are not strong, and they seem quite hesitant.

"It's easy to say, but hard to execute, and it takes a lot of courage."

"In the past month, since the market fell, I sold once and lost once, and now I really have to go short."

Amidst the relatively cautious and heated discussions among many hot money tycoons.

At 1:01, the Shanghai stock index broke through 2185 points.

"The key is……"

"I haven't figured it out yet, why didn't this wave of rebound succeed?"

"It's not in the afternoon. The funds that rushed in today have been locked up so much, and most of them are short-term speculation and speculative funds. This batch of funds will definitely cut their positions and stop losses tomorrow. Under the weak situation where the market continues to decline, the amount of funds that dare to take the initiative Yes, it is gradually going down. Under this situation, I guess tomorrow's trend will not be much better."

"The 'bull market' was a bubble!"

"Fortunately, the market has increased in volume today. This should be the only good news in the disk performance this morning."

"Once the Shanghai Stock Exchange Index completely enters the large-box shock range from 2000 points to 2200 points, it means that there is no market to do in June. Hey... It seems that the 'bull market' is really in vain."

"Indeed, what went out this morning really set up another batch of bottom-hunting funds."

At 1:23, the Shanghai stock index continued to set a new intraday low of 2171.48 points, while the small and medium-sized board and the growth enterprise board fell by around 3%.

"This is true. The performance of the 680 billion volume is indeed a bit beyond expectations."

"Well, let's wait for the market to adjust itself, wait for the funds from all walks of life to form a joint force in one direction, and at the same time wait for a wave of panic to kill and drop, it should be almost the same."

"Funds from all walks of life in the market failed to form a joint force in one direction. This is indeed one of the reasons why the market rebound failed today, but I think the most important thing is that there is no one, or no core main institution with a large amount of funds. The fire was ignited at a critical moment, and it was caused by a concentrated pull."

"Hey, this trend is really full of twists and turns!"

Observing the depressed investment sentiment on the major stock trading forums in the market, in the main hot money group of Yuhang where Su Yu belongs, some hot money who participated in speculative bottom-hunting in the morning couldn't help but sigh: "Fuck, it's like killing without blood Ah, at the position of 2200 points, I don’t know how many bottom-hunting funds have been buried.”

"It's very simple. The various funds in the market have not been able to form a joint force in one direction!"

"It feels more like the downtrend has accelerated."

"This shows that the panic in the market is about to clear up, and the downward adjustment trend should be coming to an end."

After that, the Shanghai Stock Exchange Index fluctuated around 2180 for about 10 minutes. Due to the intensification of market selling, it had to continue to decline.

At 1:30, the Shanghai stock index regained the 2176 point in the decay of volume.

"That makes sense."

Su Yu was silent for a moment, and said: "The index cannot deviate too far from the 2200 point position, otherwise the expected trend of 'break and then stand' will not be established."

"Then there is a problem with our previous position building strategy. Based on our current fund position level, the index will fall by nearly 200 points. If it hits the bottom of 2000 points, the net value of our fund will retrace. It will be low, and the retracement of position profits may also be quite serious."

"Short position, or the same sentence, this time you have to learn to short position."

"Two billion want to support the market and pull these main lines? Difficult! And once the ignition is pulled, the market still does not form a joint force in the end, and it will all be buried in it."

The one-and-a-half-hour break at noon passed unknowingly, and the market was under the spotlight of all eyes. Under the intense brewing of emotions at noon, it ushered in a continuous auction trading session again.

During the lunch break, on the entire Internet, in various discussion forums where investors gathered, everyone was extremely depressed, and the enthusiasm for bottom-hunting and a little investment confidence that had been aroused by the rebound in the morning were once again beaten back at this moment. Lost the prototype, fell into a low state again.

Seeing that the Shanghai Stock Exchange Index could not even support the 2180 point, at around 1:45 in Yuhang Investment Company, in the trading room of the main fund, Li Meng said helplessly: "It's really weak. If this continues, the last hour of the late trading , I’m afraid it’s another unilateral plunge under extreme panic.”

"The main reason is that I want to do it, but I don't know what to do. Mid- and small-cap concept stocks have no emotion or confidence to support them. Mid- and large-cap performance stocks and blue-chip stocks have not yet released their mid-term results, and it is difficult to start. Defensive stocks In the field of 'consumption, medicine, and finance', the sustainability is doubtful. Although the liquidity is good, the stock price is not flexible. If you do it right, you can't make a lot of money. If you do it wrong, you will lose a lot of money. It's necessary, it's difficult...it's really difficult recently!"

"Yes, this is the root cause of the failure to form a joint force. Essentially, the market's funds to undertake are seriously insufficient. Once a joint force cannot be formed in one direction, it will be impossible to fully undertake the market and at the same time stimulate market sentiment. Market space and money-making effect."

"It is estimated that the index will continue to decline in the afternoon, and a sharp drop may be inevitable."

"According to the closing situation at noon, the stock index rebounded weakly, and finally fell below the 2200 point. The trend in the afternoon is probably extremely pessimistic!"

"Indeed, I think it should be almost the same when the market shrinks again, or in other words, there will be a bottoming out with a large volume at the bottom."

"Certainly not optimistic."

Li Meng paused, frowned, looked at Su Yu beside him, and continued: "This position, if you plummet on one side, you will directly reach the 2100 point. It's really killed to this point, what you said before' I am afraid that the expected judgment of "breaking and then establishing" will be completely defeated?"

"So?" Li Meng asked.

"Damn it, after more than 10 minutes, I really thought the market would pull up, but I didn't expect..."

At 1:02, the Shanghai stock index continued to fall back to the 2183 point line. At the same time, the number of stocks in the two cities with a limit-down limit once again exceeded 40.

"It's more than that!" Su Yu continued, "Once the stock index completely loses the support barrier of 2200 points, the market investment sentiment and investment confidence will completely collapse, and the market expectations of various funds will also completely change. , The adjustment space and time of the market will be infinitely lengthened, and it will be very difficult for us to quickly come out of the main market trends that we expect."

At 1:25, the two cities ushered in a brief rebound after another wave of extreme panic selling was completed.

Faced with such a midday closing situation.

"In fact, whether it is the two core lines of 'infrastructure' and 'state-owned enterprise reform' that are biased towards the main board, or the two core lines of 'mobile Internet' and 'smartphone industry chain' that are biased towards the direction of the small and medium-sized board and the gem , in the current position, the expected logic and expected space for its hype are not bad, what is lacking is still emotion and confidence, I think as long as there are core main institutions that dare to concentrate on pulling the market and ignite the fire, they will move all active funds in the market in one direction Encouraging, it should be able to open up the situation in the end.”

"The intraday rebound is getting weaker and weaker, and the time-sharing performance of the rebound is getting lower and lower."

"It's a pity that our capital is too small. At this time, the concentrated pull of one or two stocks cannot shake the investment sentiment of the entire market."

At 1:36, the Shanghai stock index returned to 2180 points, retracting the decline to around 1.5%.

"What are you going to do?" Li Meng's eyes flickered, and he continued to ask.

Su Yu stared at the disk, did not answer directly, but asked instead: "The three main funds, how much cash do we have available now?"

Li Meng looked at the background data of the fund's general account and replied: "There is still about 125.73 billion available cash."

"Enough!" Hearing this number, Su Yu nodded slightly, his eyes gradually became sharper, and told Li Meng, "Tray, relying on the 'infrastructure', 'state-owned enterprise reform', 'military industry', and 'Internet finance'. A few main lines, increase our efforts to undertake, as long as it is the core component stock we plan to build a position, from now on, we will buy as much as there is selling on the market, and we will not refuse anyone!"

(End of this chapter)