Chapter 205: Continue to Break Through and Continue to Reduce Positions!

"No low opening!"

Seeing the opening call auction status of the Shanghai Stock Exchange, in the trading room of Modu, Zexi Investment, Zhou Kan was a little surprised and said: "There is still a lot of funds to undertake the fundraising. It seems... even with the current capital of Fortune Road The influence of the retail investors who follow the trend is not enough to go against the trend.”

"After all, this channel of funds is currently only half a position, and it is a mild profit-taking exit, which does not mean anything." Xu Xiang said, "Shanghai Materials Trading has now become the main line of the 'Shanghai Free Trade Zone' The core power engine, its hype level will also determine the hype level of all concept stocks in the entire 'Shanghai Free Trade Zone'. With its market attention, popularity and market liquidity at this time, the main capital of one to two billion , can’t be smashed.”

"Zhou Kan..."

Xu Xiang paused and said: "Place an order to maintain the stock price of Shanghai Materials Trading and maintain the call auction increase of this stock between 6 and 8 points. In this way, with its stronger trend than expected, we can achieve success." It can drive other concept stocks we have planned to move in a direction beyond expectations, thus opening up a higher space for speculation on this main line, allowing us to obtain more profits from it.”

"Okay!" Zhou Kan responded and immediately directed the traders to place orders.

"This check from Waigaoqiao..." Xu Xiang sighed while Zhou Kan was placing orders. His eyes glanced at the Shanghai Stock Exchange and then focused on another core leading stock on the main line of the 'Shanghai Free Trade Zone'. Said, "This is the eleventh daily limit since the resumption of trading, and there has not yet been a surge in volume. It is really beyond expectations. If this continues, if it opens on the 13th and 14th boards, many funds may not dare to take it. ”

Waigaoqiao's check is the absolute core leader of the "Shanghai Free Trade Zone".

But for this check, since the resumption of trading, the chips on the market have not been exchanged at all.

Although the expectations are very strong, its overall market value and circulation volume have increased so far that it is already quite large. If the one-word board continues, it will continue to consume the market's expected space.

So, when it’s time to open the board…

The active funds in the market may not be able to sustain it when the expected space is relatively small and the circulation is huge.

And if it can't be sustained, then Waigaoqiao's check will only be a flurry of trends.

This will seriously dampen the market's enthusiasm for speculation on the main line of the 'Shanghai Free Trade Zone'. After all, the core concept leading relays are not profitable, so... other concept stocks, their risk preferences for capital relays will be sharply reduced. , thereby restricting the height of the speculation space for this main line.

"This check from Waigaoqiao is indeed powerful." Zhou Kan heard Xu Xiang's sigh and added, "I originally thought that this check would be able to get 7 straight boards after the resumption of trading, but I didn't expect that it would already have 11. If you include the daily limit before the trading suspension, this check has already crossed the 12th consecutive board. Calculated simply by the number of single boards, it is already the stock with the highest continuous board margin this year. "

"It's not a good thing." Xu Xiang said, "This check is very likely to go out of business."

"A wave of flow?" Zhou Kan said in surprise, "Isn't it true? In the market, the vast number of investors have expected a market value of hundreds of billions for this check."

"A market value of 100 billion?" Xu Xiang smiled and said, "Just listen to it."

"With the active funds in the current market and the active hot money in the entire market, we cannot support the continued speculation of more than 20 billion yuan in circulating stocks."

"And this check is very close to the market value of 20 billion in circulation."

"With so many one-word checks, if the volume is increased, funds will surge out of the market, and the desire to take profits will be very strong. It is conceivable that the day when this check is opened, there will be a bloody storm."

"Overall..."

"After this check reaches the daily limit of twelve times, it is no longer worthy of large-scale participation in the relay."

"Hey, it's such a pity that we didn't ambush this check in advance and missed this opportunity."

"It's really a feast for shareholders. This time, some of the funds in the Waigaoqiao check market are really ugly."

"With the strong expectations of the majority of investors in the market for this stock, it is really ugly to lock up the position and go on a wild ride, living alone." Zhou Kan responded, "But this check, no matter what, can be regarded as the best value for the current market. "Emotional weather vane, no matter when it opens, as long as it hasn't opened yet, I think... we can be relatively aggressive and reap as much profit as possible from this main line of speculation."

"This is natural." Xu Xiang smiled, "From many aspects, the main line of speculation about the 'Shanghai Free Trade Zone' should be the strongest concept line in the second half of this year."

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

The two cities have entered the real collective bidding stage where orders cannot be withdrawn. It can be seen that the core of the market in the two cities is still centered around the main line of speculation of the "Shanghai Free Trade Zone".

Among the industry sectors, real estate, logistics, ports, and finance still have the largest increases.

Among the concept sectors, the top gainers are still financial reform, commercial real estate, foreign trade and other sectors, as well as regional stock sectors such as Shanghai Stock Exchange, Yuzhou, Qingdao, Tianjin and Haizhou.

Among them, as a core stock with high market attention...

Waigaoqiao is still shrinking to the daily limit, and the closed orders remain at about 350,000 lots; the increase in the Shanghai stock trading call auction has fallen back in the five minutes before 9:20, with an increase of about 5.5%, and the call auction has More than 4,800 lots of transaction orders were matched; stocks led by two institutional funds, Shanghai Pudong Development Bank and Shanghai-Hong Kong Group, also showed strong call auction status, with increases of 2% and 3%.

As for others, there are more than 30 stocks with the same concept that hit the daily limit yesterday.

Almost 90% of the stocks have shown a trend of opening higher, and the trend of funds from all walks of life taking the initiative to take over, and even the main buyers rushing to raise funds, is very obvious.

The overall investment sentiment, compared with yesterday, did not show any signs of ebbing.

Moreover, due to the good trend of the external market last night and the official introduction of the nine financial reform measures for the 'Shanghai Free Trade Zone', or the nine major financial policy preferential treatment, the market was further stimulated, resulting in today's financial reform. Several stocks have shown a straight trend.

What is particularly noteworthy is the stock of Anxin Trust...

This stock is not small, and can be considered a mid-cap stock. It went stronger and stronger in the call auction, and almost hit the daily limit within ten seconds of 9:20.

This directly led to the further strengthening of stocks related to the entire 'financial reform' concept.

"Waigaoqiao continues to be in a straight line, the Shanghai Stock Exchange opened more than 5 points higher, Shanghai Pudong Development Bank and Shanghai-Hong Kong Group all opened higher, and Anxin Trust directly went into a straight line trend..." Yuhang at this moment , Inside Yuhang Investment, Li Meng observed the overall market situation and was a little surprised, "Mr. Su, the overall market trend is much stronger than we expected. Even the Shanghai Steel Union's check was opened at a high price. More than 7 points, almost reaching a new high, we..."

Su Yu listened to Li Meng's words, interrupted her, and said: "With such a big main line, it is unreasonable when emotions are fully divergent and climaxing, but the more prosperous and intense it is, the closer it is to the market hype. It’s time to end, just follow the planned reduction plan.”

"We cannot be dazzled by the prosperity and current strong money-making effect."

"Got to stay calm."

"and……"

Su Yu paused and said: "Waigaoqiao has reached such a trend. With the market value and circulation having expanded rapidly, it is already difficult to get out of the second wave of market conditions."

"If you open the flat plate of this check..."

"The emotional differences on the main line of the 'Shanghai Free Trade Zone' will be revealed in an instant."

"Okay!" Li Meng nodded at Su Yu's reminder, "Then let's continue to reduce our positions according to the original plan!"

As she spoke, she tilted her head and conveyed the relevant order to lighten her position to the other traders.

Subsequently, the time reached 9:25, and the call auction in the two cities ended. The three major indexes, Shanghai Composite Index, Shenzhen Composite Index, and ChiNext Index, all opened higher, and the opening range was more than 0.5%.

In the financial reform concept sector, there are more than 20 related concept stocks, 5 of which opened at the daily limit, 8 of which increased by more than 5%, and all concept stocks showed a trend of opening higher.

'Yuzhou, Jinmen, Qingdao, Haizhou, Nansha' and other regional free trade zone concept stocks, there are more than 60 related concept stocks, 7 stocks opened with daily limit, and 13 stocks opened with an increase of more than 5%, its strong The situation and the intensity of the funding rush are self-evident.

Real estate, logistics, ports and other core industries in the free trade zone.

The gains were all above 1.5%, with the real estate industry sector opening at more than 2.3%, and 85% of the real estate industry stocks opened higher.

Then, in the entire 'big finance' related industry sector, there are also obvious signs of active attacks by funds.

In particular, local commercial banks opened higher than the index.

Seeing such a hot opening scene, the various funds chasing after the call auction stage, and the majority of investors holding positions on the market were extremely excited.

Of course, there are investors from all walks of life who did not have enough positions before, or who are preparing for new investments.

At this moment, he seemed obviously anxious.

"Anxin Trust, Jinshan Development, Aijian Shares, Dajiang Shares, Duolun Shares...all hit the daily limit." Some people among the broad investor group lamented, "The 'Shanghai Free Trade Zone' financial reform branch should be closed today. Are you going to continue to carry the banner? Under the stimulation of last night, you are a bit strong."

"Yes, even Anxin Trust has gone astray. I can't believe it."

"Hey, it's a pity that I didn't buy enough yesterday."

"Now, I can't buy it at all, I'm depressed."

"Haha, I bought a heavy position in Essence Trust yesterday, and now...it feels really good. I estimate I can earn at least 40 to 50 percent."

"Anxin Trust is obviously the leader in the financial reform line."

"Yes, according to the current market popularity, if you don't have four or five boards, you shouldn't be able to open it, right?"

"It would be great if we could copy the trends of Shanghai Stock Exchange and Waigaoqiao. In fact, in the final analysis, Anxin Trust's market is not much bigger than Waigaoqiao."

"Are you thinking too much? Shanghai Trade and Waigaoqiao are the core concept leaders!"

"Hey, don't talk about it. I used to have some positions in Shanghai Stock Exchange, but the first shock after the one-word board was opened, I was washed out. By the way... everyone, Shanghai Stock Exchange can still continue to take positions. I want to buy it back, otherwise I would feel so uncomfortable watching it rise every day.”

"It must be brought back. Among the leading stocks with the core concept of 'Shanghai Free Trade Zone', Shanghai Stock Exchange has the smallest market, and the trend is also the strongest. The willingness of various funds to relay is quite strong, and it is estimated that it will double Times, it’s not a problem at all. If you pick it up early, you can earn more!”

"For real core leading stocks, don't be afraid of heights."

"If you are really afraid of heights, you really can't make money."

"On the stock of Shanghai Stock Exchange, Fusheng Road still has over 100 million in chips, and Jiefang South Road has locked up one share. At this price... there is really nothing to be afraid of."

“One word, just buy it!”

"Yes, yes, with this market situation, what's so scary? You can make money by buying whatever you want."

"As long as it is a concept stock under the main line of 'Shanghai Free Trade Zone', just buy it with your eyes closed. Even the outdated leader of Shanghai Steel Union is relying on the east wind of 'Shanghai Free Trade Zone' to leave quickly. Now that it’s at a new high, other tickets… there’s nothing to be afraid of.”

"And this main line is definitely the main line of policy support and hype."

During the discussion, the brief 5-minute suspension time passed quickly. At 9:30, the two cities officially began bidding transactions...

The moment when the market prices of the two cities started to beat again.

The sentiment of following the trend on the main line of "Shanghai Free Trade Zone" has further intensified, and funds from all walks of life outside the market are converging in the direction of this main line.

Investors with light positions quickly increase their positions because they are afraid that they will not be able to buy high-quality chips for core concept stocks.

Investors without positions, seeing such a hot profit-making effect, are even more anxious to chase higher and buy, fearing that if they move too slowly, the stocks they want to buy will reach their daily limit.

And investors with heavy positions, or those who are already full.

Then they look at the market excitedly, either locking up positions to let profits run, or quickly selling out of less strong concept stocks and chasing more core strong concept stocks.

All in all, the entire market has a huge amount of active funds and short-term investors.

They are all continuing to converge on the main concept of "Shanghai Free Trade Zone" and frantically chasing its related concept stocks.

Under this extreme following effect...

At 9:42, the Shanghai Stock Exchange hit the daily limit again and was sealed. The stock price reached 30.95 yuan, an increase of 9.99%, and the transaction volume was 490 million yuan. Compared with yesterday and even during the previous shock, the volume was severely reduced.

At 10:10, the Shanghai-Hong Kong Group rose by more than 7% again, setting a new rebound high, and the turnover exceeded 1 billion.

At 10:21, Shanghai Pudong Development Bank rose by more than 5%, setting a new rebound high and embarking on an extremely profitable and sustained upward trend. Counting from the bottom, this weighted financial stock with a market value of hundreds of billions, in the 'Shanghai Free Trade Since the announcement of the district's news, it has increased by about 38%.

At 10:46, the market began to spread to infrastructure construction, with Huaguo Construction rising by more than 3%.

At 11:02, more than 20 stocks in the financial reform concept sector set off a trend of daily limit. More than 12 stocks hit the daily limit, and funds followed the trend, which became even crazier.

At 11:26, the real estate industry was in full swing, with Gemdale Group and China Fortune Land Development rising more than 7%.

At noon, at the close of trading, the Shanghai Stock Index rose by 1.73%, standing at 2180 points, and continued to increase significantly compared with yesterday. The Shenzhen Stock Exchange Index and the ChiNext Index both increased by close to 1.5%. Although the volume increase was not as exaggerated as the Shanghai Stock Index, it was It also showed a trend of rising volume and price.

"The two cities are still speculating around the main line of 'Shanghai Free Trade Zone', and under this main line, the total number of daily limit stocks in each branch has once again exceeded 30." Faced with such a midday closing Situation, Su Yu In the Yuhang main hot money group where I work, some hot money lamented, "The money-making effect has been really good in the past two days. I didn't expect...the biggest market trend actually took shape after the 'financial reform' line came out. Full explosion."

"It's not surprising that financial reform has become the first point of policy implementation in the 'Shanghai Free Trade Zone', and this point has only been half a month since the news of the Shanghai Free Trade Zone was announced. What does it mean? It shows the strength of policy support. In this direction, it is empty. In the past, this was the expectation, and it was a huge space for speculation. Think about it... the top-level design of the 'Shanghai Free Trade Zone' is the only one after the 'Shenzhen Special Economic Zone', and its policies Can the support and future expectations be small?”

"Indeed, I originally thought that after the market sentiment spread out yesterday, it would be relatively convergent today. Unexpectedly...the market sentiment has further spread today. Even the two giant industry fields of infrastructure and big finance have been affected by the 'Shanghai Free Trade Zone' 'This line was brought out, it's crazy."

"The ultimate emotional effect is the best time to follow the trend!"

“This is indeed the best opportunity to make money at this time.”

"Well, take a look at the leading concept stocks of Shanghai Stock Exchange, Waigaoqiao, Essence Trust, Chongqing Development Bank, Shanghai Pudong Development Bank, Yiyatong, Shanghai-Hong Kong Group, Jinshan Development...these main lines and branch lines. How about grabbing funds? The effort is incredible.”

"Go ahead and buy it. At this time...it would be a pity if you don't make any money."

"Yes, whether it is a low-level concept stock or a high-level popular stock, the risk of the relay at this time is extremely low, and the index has confirmed a breakthrough. In this wave, the Shanghai Stock Index has reached 2,200 points, which is not a problem at all. It fell sharply in June That hole should be filled.”

"It should have been filled in a long time ago. The GEM index has been on the way to new highs."

"Today's transaction volume between the two cities should exceed 100 billion, right? It feels like in the past two days, due to the overall explosion of the main line of speculation of the 'Shanghai Free Trade Zone', a lot of incremental funds have come in!"

“If there is a sustained money-making effect, there will be continued incremental funds.”

"To put it bluntly, what the market currently lacks is confidence. As long as confidence rises, a bull market... I think it is possible."

In the various hot money discussions, the differences of the past few days have basically disappeared.

Even Zhao Qiang, who had already reduced his position and cut his profits earlier, was now reviewing the market trends of the two markets and suspected that he had made a serious error in judgment, and was anxiously preparing to enter the market again.

And under the influence of this emotion...

In the afternoon, the market still maintained the trend of holding high and fighting high, taking the market to an extreme again.

Of course, during this period, within Yuhang Investment, Su Yu and the entire trading team were still methodically reducing their holdings in the Shanghai Stock Exchange according to yesterday's method.

Finally, the market closed at 3 o'clock.

The increase in the Shanghai Stock Exchange Index was fixed at 2.89%, and the Shenzhen Stock Exchange Index and ChiNext Index also increased by more than 2%. The transaction volume of the two cities expanded to more than 110 billion, setting a new annual transaction volume record, ushering in another general rise.

And amid the overall surge in the index...

The "Shanghai Free Trade Zone", which is still the core of the market, is the main line of speculation. The daily limit of stocks has once again exceeded 35. The money-making effect is crazy.

Among them, Shanghai Pudong Development Bank and Shanghai-Hong Kong Group, which are dominated by institutions, both increased by more than 8%.

The trading volume of the two stocks has also reached more than 3.5 billion, ranking among the top of the two cities in terms of trading volume.

"Teacher, if this rise continues, I feel a little uneasy." After the market closed, during the review process, Xie Wanting of Yanjing Anlan Fund said, "The market sentiment has expanded too fast." Under the main line of "District", the major leading stocks have obviously shrunk today. The funds on the market are reluctant to raise, and the profit margin is expanding rapidly. Under such a situation... the sentiment expands so fast, and the follow-up needs to be even greater. There have been more incremental funds to support the market, but now, does the market really have the foundation to continue its upward trend, release a large number of hold-ups in the early stage, and continue its bullish trend?”

Zhou Guohua looked at the confused look in her eyes, thought for a while, and said: "I'm not sure whether it has the foundation to continue to bullish, but in terms of macro policy direction and even the attitude of the regulators, they are very eager for the market to They continue to be bullish, and they have not done anything to curb the market's main line of speculation on the 'Shanghai Free Trade Zone', and it can be regarded as encouragement in disguise..."

"In this way, you can have a high-level view of the market."

"As you said, as the index continues to rise, more and more incremental funds will be required, and more and more funds will be accepted, and more and more profits will be accumulated on the market."

"But as long as the market continues to make money and can be relatively maintained, it is not impossible to resolve the contradictory relationship between volume and profit."

"Of course, you can stay awake and see the current risk points in the market under the ultimate money-making effect."

"It's still rare."

“Let’s see how the continuous volume of the two cities reacts tomorrow, and even in the following days. If the turnover of the two cities can stably stand at the 100 billion mark, and can be stably maintained at this transaction level, then the market will be able to accept it. Don’t worry too much, there is no problem with liquidity.”

"If the level of 100 billion cannot be maintained..."

"Then we have to start reducing our positions at around 2,200 points on the index, take profit and leave the market. After all, the volume cannot go up. After the sentiment changes, the market is bound to undergo an adjustment."

"Yeah!" Xie Wanting nodded, her eyes fell on the two stocks of Shanghai Stock Exchange and Waigaoqiao, and continued, "The trend of these two checks in the next few days should be quite important, right?"

"I just don't know..."

Xie Wanting paused and said, "How will the Fortune Road funds gathered on these two stocks choose?"

"The Dragon and Tiger List will be out soon. Just take a look and you will know." Zhou Guohua smiled and said.

Subsequently, while the two waited for a few minutes, the dragon and tiger lists of the two cities were refreshed, and Shanghai Materials Trading was on the dragon and tiger list again without any surprise.

"Another total of 126 million chips were sold."

Xie Wanting's eyes showed an extremely surprised look: "This guy...how does he have so many chips?"

"Haha..." Zhou Guohua couldn't help but laugh twice. He was extremely surprised when he looked at the data of the Dragon and Tiger List of the Shanghai Stock Exchange and said, "I underestimated it. I underestimated this capital. This guy... is..." The layout of the main line of the Shanghai Free Trade Zone is really unfathomable! ”

When the two of them sighed...

In the magic city at this moment, Zexi Investment is inside.

Xu Xiang stared at the list of dragons and tigers in the Shanghai Stock Exchange, his heart was shocked, and he felt a bad omen, and said blankly: "How can this guy get so many chips to throw away?"

"76 million yuan was sold on Fortune Road and more than 50 million yuan was sold on Fusheng Road." Beside Xu Xiang, Zhou Kan looked at such a dragon and tiger list data and felt unbelievable. He thought he was dazzled and rubbed a few times. After closing his eyes, he said, "It's incredible. The more than 50 million yuan on Fusheng Road is understandable, but why did the Fortune Road sell more than 76 million yuan? There is no data on the dragon and tiger list of the Shanghai Stock Exchange in the early stage."

"Hey, I still underestimated him!"

Xu Xiang couldn't help but sigh: "This guy... must have ambushed this stock a long time ago. He has been lurking, just waiting for me to carry his sedan chair."

Thinking of this, he suddenly felt angry for no reason.

Since he had fought with this fund on the market, he had never had the upper hand, whether it was the Shanghai Steel Union check or the current Shanghai Material Trade check.

This made him feel very uncomfortable and also hit his self-confidence.

"It's really weird." Zhou Kan couldn't understand the data of the Dragon and Tiger List. "When did this guy hide? Looking back a month ago, there was no trace of any purchase by Fortune Road."

For more than a month, the Shanghai Material Trade check, except for the one-character board period, was on the Dragon and Tiger List most of the time.

And the only trace of Fortune Road's purchase was on August 27.

Not only he couldn't understand it, but the vast number of investors in the market at this moment, and even all the active hot money in the market, couldn't understand it when they saw such a Dragon and Tiger List data.

"Fuck, Fortune Road sold another 76 million Shanghai Stock Exchange Material Trade, where did the chips come from!"

"I don't know, I don't understand, I can't understand it at all."

"It's amazing, this Dragon and Tiger List is blown up again, Fortune Road... is really elusive."

"Oh my God, another 126 million, doesn't Fortune Road still have more than 100 million, or even hundreds of millions of chips? This trading operation... is amazing, like a myth."

"No way, no way? Sold so many again!"

"I understand, I understand! I finally understand the motivation of Fortune Road to reduce its position. It must be that Fortune Road holds too many chips in this stock, so it reduced its position in advance. After all, the liquidity of this check plate is still limited for super large funds like Fortune Road."

"More than 1 billion transactions per day, this liquidity is not good?"

"Fuck, if the liquidity of 1 billion transactions is not enough for Fortune Road to sell, then how many chips of this stock does he have to hold?"

"The key is not How much is the position, but what exactly did Fortune Road buy? "

"Who knows, this fund is too amazing."

"I admire it, I admire it so much."

"The chief leader should be very upset..."

"Not only the chief leader is upset, but also the main funds in the Shanghai Material Trade stock market are also upset. After all, no one knows how many chips are left in the hands of Fortune Road. "

"Crazy, it's really crazy!"

"Tomorrow, Shanghai Material Trade will be in danger, right? Fortune Road has become a complete unknown now, who dares to chase it?"

"It's uncertain whether it is dangerous or not, but there will definitely be a big difference tomorrow."

In the extremely surprised discussion of retail investors and hot money, Zhao Qiang, Sun Yu and other active hot money who have worked with Su Yu looked at the Dragon and Tiger List data in shock, reviewed the historical disk of the entire speculation path of Shanghai Material Trade, and could not find the time and entry point of Su Yu lurking in this stock, and their hearts were shocked to the extreme.

While investors in the entire market were extremely confused and uneasy about Su Yu's selling of Fortune Road...

The next day, when everyone expected the Shanghai Stock Exchange to open sharply lower.

This check, however, opened sharply higher in the call auction under the rush of large amounts of funds to protect the market, which surprised many investors again.