Chapter 257: Judgment of a False Start

As for the concept sectors and stocks related to the restart of the ‘market IPO’ that Su Yu is concerned about and intends to build a position in.

At this moment, there is no performance.

Securities, banks, insurance and other major financial sectors are at the bottom of the valley, still underperforming the market index and opening slightly higher; the venture capital concept sector is slightly better than the major financial sector, but still underperforming the market index. Overall... there are no active funds and main funds paying attention to these areas.

Of course, in addition to these two hot and cold areas.

There is another area that showed the phenomenon of capital gathering and speculation during the post-holiday call auction.

That is the concept of restructuring and backdoor listing that was hyped before and then quickly receded. After all, Xinwei Group has been on the board for 12 consecutive days since its resumption of trading, and its market value has directly exceeded 50 billion, which has obviously exceeded the market's expectations for this stock, and once again led to the abnormal movement of its related sectors and concept stocks.

Faced with such an opening situation in the two markets...

Whether it is in the market or outside the market, the vast majority of investors are happy and excited.

After all, the group of investors who held positions had a good start after a long National Day holiday and received holiday bonuses; while the group of investors who did not hold positions or did not hold enough positions before the holiday and were eager to enter the market also felt that they had picked up a bargain when the index opened higher by no more than 1%, and they could enter the market to grab shares more smoothly.

"The index has been rising for ten consecutive days, and the bull market is really coming!"

Some retail investors exclaimed excitedly in such an opening situation.

"The last time the index had ten consecutive positive days was in 2007, right? Haha... Thinking about it now, it seems like a lifetime ago."

"The turnover of the two markets has increased year-on-year. There are positive news everywhere, both on and off the market. I also feel that the bull market is coming!"

"Yes, yes, the signals released by the regulators during the National Day holiday are also quite clear."

"Before the holiday, all major institutions entered the market to grab shares, and the Shanghai Composite Index has completely walked out of the big pit in June and stood at 2,300 points. It really feels like a bull market."

"It is definitely a bull market. Look at the ChiNext. The increase this year has almost doubled!"

"Oh, I knew it earlier..."

"Don't say you knew it earlier. It's not too late now."

"The two main lines of 'mobile Internet' and 'smartphone industry chain' are really powerful , the relevant core stocks are really going north all the way, refusing to pull back, reaching new highs every day! "

"It is obvious that the driving force of this bull market is on the GEM."

"Then can stocks such as Huaqingbao, Changqu Technology, and Fenda Technology still be bought? I have been looking at these stocks for a long time, and the more I look at them, the higher they are. I really regret not taking action earlier."

"Of course, "mobile games" are a huge investment outlet in the future."

"Yes, yes, haven't you seen that Penguin, an Internet giant, has begun to cooperate with Huaqingbao? This check currently has a market value of only about 10 billion, and there is still a lot of room for growth."

"Now Huaqingbao's stock price is still a line away from 80 yuan. Just wait and see... In the next one or two months, the stock price of this check will definitely catch up with Netspeed Technology and become the first on the GEM High-priced stocks."

"I am also optimistic that Huaqingbao's stock price will exceed that of Netspeed Technology."

"After all, it has boarded the Tencent train and is standing on the cusp of the 'mobile game' trend. Its performance has also shown a strong doubling state. With so many positive factors and future expectations, the stock price has doubled 10 times, becoming the first 10-fold stock in the bull market. Isn't it too much?"

"The bear market focuses on quality, and the bull market focuses on momentum. Huaqingbao's 10-fold expectation is really no joke."

"Not only Huaqingbao, but also Changqu Technology, Fenda Technology, Netspeed Technology, Tianyu Information, and LeTV.com, all have 10-fold expectations, right?"

"Look at the holdings data released by 'Yuhang Investment' Fortune Road, they are also heavily invested here!"

"Yes, it seems that Fortune Road is very optimistic about the 'mobile Internet' and 'smartphone industry chain' 'These two main lines, 75% of the weight of the entire 'Yuhang No. 1' fund's holdings are on these two main lines. "

"It's a pity that the 'Yuhang No. 1' fund has now closed its holdings and net value. Otherwise, it would be difficult to lose money by following the dynamic adjustment of Fortune Road, right?"

"What are you thinking? There is no such good thing in the world!"

"I still want to follow the dynamic adjustment of Fortune Road, but is it possible?"

"There is no free lunch in the world, don't think about this kind of thing, in fact... As long as you know that Fortune Road is firmly optimistic about the two main lines of 'mobile Internet' and 'smartphone industry chain', it is enough. According to past experience, bull stocks must be held. If Fortune Road doesn't go out, I won't go out!"

"Yes, yes, the bear market will take a bite and leave, but in the bull market, you have to hold stocks to make a profit."

"Nothing to say, continue to chase the two main core stocks of 'mobile Internet' and 'smartphone industry chain', the bull market is coming... The more you go, the more scarce the chips of core stocks will appear. ”

Amidst the heated discussions among the vast investor community…

The 5-minute trading halt passed quickly, and at 9:30, the market officially began trading.

The moment the stock prices in the two cities started to beat, as the absolute core hot topics of the market, the concept sectors related to 'mobile Internet' and 'smartphone industry chain', as well as core concept stocks, were attacked by various funds one after another. , such as Huaqingbao, Changqu Technology, Fenda Technology, Wangsu Technology, LeTV, Tianyu Information... a number of stocks all increased their volume significantly at the beginning of the market, rising straight up, and the rush for funds is very obvious.

And these core stocks move.

Other stocks with the same concept and sector as them have also become the targets of financial attacks.

"The market trend is very strong!" After the market opened, it still continued the pre-holiday pattern, and the trend of the strong always getting stronger continued. As the situation continues, Zexi Investment in the Magic City has been promoted to the trading department. Manager Zhou Kan said with emotion, "It seems that the 'Future Investment' briefing and exchange meeting in Yanjing during the National Day still had a catalytic effect on the market that was already making strong breakthroughs."

"Catalytic effect!" Xu Xiang, who was beside Zhou Kan, muttered these words and couldn't help but smile and said, "You call this catalytic effect, but I think... it's actually counterproductive!"

"Destroying the growth of young people and encouraging their growth?" Zhou Kan said in surprise, "Isn't that true?"

Xu Xiang pondered for a while and said: "When I was in Yanjing, I met Mr. Su from Fortune Road. He once said that the foundation of the bull market is that macroeconomic fundamentals, market confidence, and loose credit will bring about The financial aspects... I deeply agree with these.”

"Currently, regulators provide guidance through windows and overwhelming media propaganda."

"Although very positive market signals have been released, which has temporarily heated up the market and boosted a lot of market confidence, the underlying macroeconomic fundamentals and the funds brought about by credit easing have not kept up!"

"Two of the three basic elements of the bull market are missing. Only market confidence, that is, the emotional side has improved a little."

"Can this support a bull market? No joke?"

"So... Mr. Xu thinks this is just a rebound?" Zhou Kan thought for a while and said, "This Mr. Su seems to be really powerful."

Xu Xiang nodded and said: "Everything cannot be accomplished overnight. In June, the market was extremely pessimistic, and now... the market is extremely optimistic. All of this is just a transformation of emotions. In essence, whether it is market capital or fundamentals, , none of them followed."

"Look at the changes in transaction volume in the last one or two months when the market is hot."

“Although the transaction volume has increased a lot compared to the beginning of the year and the general transaction volume of 30 to 40 billion in the second quarter, there are also obvious bottlenecks.”

"That means that once it reaches the 100 billion mark, it will be impossible to go up."

"It touched 110 billion a few times, but it just couldn't stand and continue to expand."

"This shows that the market's limit trading volume, that is, the degree of participation of active investors, is here. If the other two conditions cannot be changed, that is, future expectations cannot continue to increase, and without credit easing, more growth will If a large amount of money enters the market, there is a high probability that this will be the rebound high point.”

"Amidst the calls for a bull market everywhere, what we should do is not continue to increase our positions at high levels, but reduce our positions."

"Just watch..."

Xu Xiang smiled and continued: "In this round of bull market calls from regulators, those who are chasing us, whether it is institutions or the majority of retail investors, will most likely stand guard at a high level."

"Once future expectations are lowered, everyone realizes that the bull market is still in vain."

"Then the market pendulum will swing to the other extreme again."

"The core hot stocks of 'mobile Internet' and 'smartphone industry chain', which are currently being hyped to the double highs of expectations and emotions, will bury a lot of people after the sentiment and funds ebb in a large area, and they will be cut in half... …I’m afraid it’s the minimum adjustment!”

"I just don't know, after the hype on the two main lines of 'mobile Internet' and 'smartphone industry chain' goes out, what is the next direction...?"

Xu Xiang frowned slightly when he thought of this: "You think...if he chooses the path of wealth, how will he choose?"

"Mr. Xu, this problem is probably too difficult for me." Zhou Kan coughed dryly and said, "I'd better follow your instructions and first reduce the 'mobile Internet' and 'smartphone industry chain' on a large scale. 'Let's hold positions on these two hot main lines and lock in profits first."

He is not Su Yu, the 'Wealth Road', nor can he be Su Yu, the 'Wealth Road'.

Therefore, he could not guess how he would choose the path to wealth.

But he knew that Fortune Road held large-scale chips in the two hot main concepts of 'mobile Internet' and 'smartphone industry chain'.

Moreover, both companies have overlapping positions in many core popular stocks.

If the other party also holds the same idea of ​​reducing positions and taking profits as their 'Zexi Investment', then in order to prevent the other party from jumping ahead on the main line of speculation on the 'Shanghai Free Trade Zone' last time, they will be kept in the dark. , they lost their profits in vain, so this time... they must not hesitate, they must be the first to run away!