Chapter 258 Tombstone Line, Ten Consecutive Positive Days!

"Okay!" Xu Xiang nodded after hearing Zhou Kan's words and said, "Let's lighten up the position first. I'll think about the subsequent operation strategy before I think about it."

He couldn't guess Su Yu's operating strategy, so he could only follow his own trading rhythm.

And as his orders were issued...

Within a few minutes, the popular concept stocks related to the main lines of 'mobile Internet' and 'smartphone industry chain', which were originally booming, saw huge orders from major sellers on the market. Under the influence of huge selling orders, it also stagnated and began to increase in volume and stagflation.

"'Mobile games', 'Apple industry chain', 'wearable devices' and many other 'mobile Internet' and 'smartphone industry chain' main line related concept sections, today's energy consumption is obviously much larger than before the holiday!" At this moment! In Yanjing, inside Anlan Fund, Xie Wanting, who was also observing the market, frowned and reported to the teacher Zhou Guohua next to her, "Teacher, the volume has increased at a high level, and the stock price feels a little sluggish again. This is a sign of loose chips in the market. Bar?"

Zhou Guohua stared at the market changes in the two cities, pondered for a while, and said: "Today's volume has indeed increased a lot compared to before the holiday, but it is not a high-level increase in volume and stagnation. It remains to be seen. After all, during the National Day, whether it is the regulatory-led briefing Yes, there are other good things about the market, and the impact on the market is still quite large.”

"Plus, today is the first trading day after the holiday."

"After the market has been suspended for nine consecutive days, no matter the buying or selling orders, there will be some excess. This is also normal."

"On the whole, the market sentiment today is not bad. In addition to the two main hot spots of 'mobile Internet' and 'smartphone industry chain', the concept of 'reorganization and backdoor' that has been slightly demonstrated before has also been speculated again, and the active speculation Although funds have been diverted, the core focus is still on the two main lines of 'mobile Internet' and 'smartphone industry chain'."

"Essentially, the areas with the strongest money-making effect in the current market are still these two main line-related concept sectors."

"As long as the emotion is still there, the trend is still there, and the energy is still there..."

"Then there's no need to worry too much, we can just hold the shares safely."

"It is estimated that after the briefing on October 5, some institutions with very low OTC positions will need to increase their holdings of core concept stocks in the two main lines of 'mobile Internet' and 'smartphone industry chain' if they want to enter the market. After all...no matter which aspect you analyze it from."

"These two main investment directions are basically the direction in which the market will explode in the future."

"Relevant high-quality chips will only become more and more scarce as the market continues to perform."

"Teacher, are you still optimistic about these two directions?" Xie Wanting thought for a while and asked, "But although the long-term investment logic exists, short-term expectations have been exceeded too much."

"Take the concept sector of 'mobile games' and related core stocks as an example."

"The growth rate of this concept sector this year has exceeded 130%. Companies such as Huaqingbao and Changqu Technology have increased by more than 5 times during the year."

"Even if the industry is currently in full swing, the growth potential is amazing."

“According to the industry’s general annual growth rate of around 100%, the current valuation levels of Huaqingbao and Changqu Technology are also quite outrageous.”

At the current stage, whether it is Huaqingbao or Changqu Technology.

Its price-to-earnings ratio has been hyped to about 500 times, which can be said to have completely overdrawn its future growth potential.

Of course, according to the market's most optimistic forecasts, the stock prices of both stocks still have the potential to rise, but at least... Xie Wanting feels that this optimistic forecast will make Huaqingbao and Changqu Technology use new checks Only financial report disclosures that exceed market expectations can support and support this optimistic forecast, support the current stock price, and subsequent stock price increases.

"So, what do you think..." Zhou Guohua tilted his head and looked at Xie Wanting with a smile.

Xie Wanting replied firmly: "I think that the current concept stocks related to the two main lines of 'mobile Internet' and 'smartphone industry chain' have completely overdrawn their growth potential for at least one or two years in the future, and have become pure In the game of emotional speculation, even if the long-term investment logic is still there, the stock price has basically reached its peak in the short term.”

"As for the bull market that the market is eagerly anticipating...I believe it won't come so soon!"

"Therefore, the valuation of these concept sectors, and even stocks, cannot be completely based on extremely optimistic expectations. We have to... reduce our positions appropriately."

"With the support of long-term logic, in the upward trend, for high-quality core stock chips, once the judgment is wrong, it will be difficult to recover the chips after reducing the position." After hearing Xie Wanting's judgment, Zhou Guohua smiled and said nothing. The rebuttal was just a reminder, "Is it uncomfortable to be empty, or is it uncomfortable to pull back while holding chips?"

Xie Wanting thought for a while and said: "There is no shortage of opportunities in the market. In my opinion, a retracement is more uncomfortable than a shortfall."

Novices in the market, or investors who value market opportunities very seriously, will find it more uncomfortable to go short than to pull back. However, for mature market traders, whether they are short or retracement, they should actually treat it as ordinary people. The so-called As long as you enter the market with a profit, no matter what stage you enter the market, it is correct.

Everyone can only make profits within their own knowledge.

Beyond cognition, both greed and fear are wrong trading directions.

"Okay!" Zhou Guohua nodded, "It seems that after communicating with Mr. Su from 'Yuhang Investment', your trading ideas have matured a lot."

Xie Wanting nodded and said, "Some of his ideas and thoughts really opened my eyes."

"This is a good thing." Zhou Guohua laughed, "This proves that you have grown and matured. Next... you will be in charge of the 'Aggressive No. 3' fund. Operate it according to your own ideas. Profits and net worth are secondary. After all, only if you follow your own operating ideas and find your own set of operating theories and principles, can you find your own way to continuous profitability."

"Teacher, are you going to give me the 'Aggressive No. 3' fund?" Xie Wanting was a little shocked.

Zhou Guohua laughed and said, "This fund is not the core fund of our Anlan Fund. Its scale is only more than 200 million. In my opinion, your ideas, operation logic, and judgment of buying and selling points are all relatively mature. I am still relieved to let you operate it."

"Practice can bring true knowledge!"

"Wanting, if you want to achieve results in trading, you must explore your own operating concepts and systems."

"No matter what Chairman Xie thinks of you, I am more optimistic about you through your long internship and work experience in the company."

From Zhou Guohua's personal point of view...

Apart from Xie Wanting's personal life and background, Zhou Guohua feels that his apprentice is still very talented in market trading.

While the two were talking, the time had passed 10 o'clock.

The Shanghai Index, Shenzhen Index, and ChiNext Index still rose by more than 1%, but compared with the highest increase at 9:47, it has fallen back a lot.

Especially the ChiNext Index, which fell from a peak of 1.79% to 1.23% in just over ten minutes.

In addition to the index, individual stocks and sectors.

The two main lines of "mobile Internet" and "smart phone industry chain" that were in high spirits at the beginning of the session all fell from highs and showed a trend of stagnation in volume; the concept sectors and stocks related to "reorganization and shell acquisition" that were re-driven by the Xinwei Group stock still maintained a strong upward trend. Judging from the active buying on the market, the line of "reorganization and shell acquisition" is slightly stronger than the lines of "mobile Internet" and "smart phone industry chain".

But no matter how the market is divided...

Overall, the market and investment sentiment of the entire market are still hot.

Whether it is trading software or professional stock discussion communities and forums, the majority of investors are still shouting bull market and actively increasing their positions. Very few people talk about risks at this time.

"It seems that this index is really going to rise ten times in a row!"

Facing the overall market, the investment situation is still extremely hot. In the Yuhang main hot money group where Su Yu is located, everyone is also very active in the discussion.

"Suddenly, the bull market came overnight! Recently, it is indeed a good time to make money."

"Overall, both the Shanghai Composite Index and the ChiNext Index have broken through, the moving average has been upward, collectively diverging, and the Bollinger track has also opened upward. Looking back at the market trend in the past few months, the plunge in June is indeed the real bottom of the market. Next... it will not fall below that position again."

"It feels like the first wave of the bull market!"

"Really a bull market? No way! This change is too fast, and although the market has been good in recent months, the index has only rebounded by about 15%."

"Only about 15%? Look at the ChiNext Index. The ChiNext Index is almost doubling. "

"What's even more terrifying is the core component stocks in the ChiNext that belong to the 'mobile Internet' and 'smartphone industry chain', LeTV, Huaqingbao, Changqu Technology, Fenda Technology, Netspeed Technology... This large number of stocks are really rising non-stop, reaching new highs every day."

"It's better to act than to be jealous. Just watching is useless!"

"These stocks have been dominated by institutions in the pre-holiday institutional rush for chips. If we go in to speculate, we won't get too many chips at this time, and we can't take the initiative. Moreover... With the height of Huaqingbao and Changqu Technology, do you still dare to speculate?"

"What's there to be afraid of? The main rising stage is the most profitable stage."

"It should be fine to speculate with President Su's 'Wealth Road Concept Stocks'."

"Forget it, I'm really afraid of heights and I don't dare to associate with institutions. But... Xinwei Group's trend is beyond expectations. Is there anyone who wants to do it?"

"12 consecutive boards, it's indeed beyond expectations, but there is still no increase in volume today, so I can't buy it?"

"You can do the 'reorganization and shelling' concept. The overall market sentiment is good, and you shouldn't lose money if you take over."

"Fuck..."

Just when everyone in the group was discussing heatedly and preparing to take over the hype, someone exclaimed: "Hurry up!" Look at the stocks of LeTV, Huayi Brothers, Huaqingbao, and Changqu Technology. There is a huge amount of selling. The stock price plummeted. Is this the beginning of loosening of chips? "

"Uh... just now, I said that the main rise."

"Is this Mr. Su reducing his position to stop profit? Such a large amount, and several stocks have synchronous correlation. The one who is leaving the position is not a small main force!"

"It shouldn't be? If Mr. Su is leaving the position with all his strength, the movement should be bigger than this."

"Yes, according to the holding results disclosed by the 'Yuhang No. 1' fund before the holiday, Mr. Su's core holdings are not just these stocks."

"Let's see the continuity. Let's see the continuity of the other party's selling first."

"If the sustainability is not high, it won't be a big problem. After all, the current market sentiment is good and the acceptance is also very good. A plunge can be easily digested."

“It seems like there aren’t many followers, so the problem shouldn’t be big!”

"If you can't smash it, everyone... enter the market! Make more money while the market is good."

"I'm betting on Zhenghe shares, is there anyone following me?"

"While you're diving, make some Huaqing Bao and get on the Penguin bus. If you don't believe its market will be cut off here, you should at least touch the 100-yuan mark, right?"

"I work in Internet Speed ​​Technology. As the highest-priced stock among the GEM constituent stocks, its fundamentals, sentiment, and attention are all top-notch. Its liquidity is obviously several levels higher than before. The upward trend is also very beautiful, and you shouldn’t lose money if you work hard.”

"It's enough to stick to hot stocks. What's the use of analyzing so much?"

"Yes, yes, we are not an organization, just follow your emotions."

"Hey... this dive was taken back in an instant. Sure enough... the market's acceptance is a bit abnormal. I didn't say it, today's Ten Lianyang is definitely accurate."

Hot money is actively participating...

At this time, inside ‘Yuhang Investment’, in the trading room.

Su Yu, as well as the entire company's two trading teams, are busy doing things that are completely contrary to the market's mainstream investment ideas and operating ideas.

"Mr. Su, it seems that we are not the only ones to reduce positions and cut profits on a large scale on the two main lines of 'mobile Internet' and 'smartphone industry chain.'" Li Meng paid attention to the market trends of the stocks in the fund's supporting positions. , said, "And the other party's actions to reduce positions and take profits are much more aggressive than ours."

Su Yu smiled and said: "It doesn't matter. The market sentiment and liquidity at this time can be fully taken over. The other party...can't affect us for the time being."

"Yeah!" Li Meng nodded.

Continue to work with traders to reduce positions and take profits in the form of medium and small orders, or market price orders. At the same time, small orders are market prices, and intermittent purchases are made of the core stocks of the venture capital concept set out by Su Yu.

Overall, their current actions are completely covered up by the torrent of changes in market conditions.

It did not attract the attention of any major funds or investors.

Along with various institutions, hot money, and retail investors, a large number of investors are either rushing to raise funds to pursue, or retreating, reducing positions and taking profits in different operations.

11:30, when the market closes at noon.

The Shanghai Stock Exchange Index rose again to 1.45%, while the ChiNext Index rose almost 2%, with the index reaching 1315.19, setting another annual high.

During the short break at noon, there was no obvious positive or negative impact on the market.

Only one stock named 'Qian potential Hengxin' issued a positive announcement stating that 'its company's overseas wholly-owned subsidiary Smart Petroleum signed a 30-year product sharing contract with China Offshore Oil Corporation', causing There was a lot of commotion and discussion in the market.

So, in the afternoon, when the market opened at 1 o'clock.

With this check, the stock price skyrocketed from the price of 8.06 yuan. Within a few seconds, it reached the daily limit and was instantly blocked by a huge order of 100,000 lots.

Su Yu took a look at the stock called 'Potential Hengxin' and marked it.

Although this check is not in line with his investment and speculation logic, the positive announcement just released by this check has great guiding and evasiveness. In other words, the other party only said that the contract was good, but did not explicitly mention the contract. How much benefit can it bring to the parent company in the future?

This gives the market room for hazy imagination and huge differences in this stock.

And with these two points...

Even if he does not take the initiative and participates in the first step, in the follow-up, when the first difference in emotions and chips appears, there is still huge room for speculation and hype.

There is also the petrochemical sector, which has almost no performance during the year.

Related concept stocks, the chips have been accumulated for a long time, and the internal chips are also quite clean. They encounter major benefits and suddenly ignite. Although they are unpopular, they still have great potential.

After understanding this, Su Yu already had some thoughts in his heart.

He transferred the remaining 24 million in cash in his bank account to 20 million into his personal securities account, and then patiently waited for the first disagreement of the 'Potential Hengxin' to appear.

Then, after briefly paying attention to this stock...

Su Yu then set his sights on sectors related to concepts such as the hot 'mobile Internet', 'smartphone industry chain', and 'restructuring and backdooring', and also monitored the traces of major capital inflows and outflows in concepts such as 'venture capital' and 'securities'. , helping traders to better reduce their positions.

And with his attention.

After the entire market's turnover quickly exploded to more than 85 billion, it was obvious that there was some lack of success.

Especially after the time reached 1:30, several major indexes, which were originally exciting and vigorous, encountered great upward resistance and started another wave of diving.

Moreover, this wave of diving could not be recovered quickly, and there were some problems in undertaking it.

Later, when the time reached 2 o'clock, more and more investors in the market found that the volume could not be further expanded, and the entire market did experience a situation of heavy volume and stagnation.

Therefore, on the two main market lines of ‘mobile Internet’ and ‘smartphone industry chain’, which are extremely profitable.

A huge amount of selling came out in droves once again.

At 2:11, Huaqingbao, which had risen to 7% and reached 84 yuan, fell back in a flash, with a five-minute amplitude of 4%, and its full-day trading volume reached a new high of 832 million.

At 2:15, Fenda Technology also plunged sharply, losing the 75 yuan stock price mark.

At 2:17, Netspeed Technology, which has been praised by everyone as the "stabilizing force" of the GEM, was also sold at a level of 5,000 lots and more than 50 million yuan.

At 2:22, LeTV and Huayi Brothers, which had plunged wildly in the morning, turned green directly, leaving a long antenna on the K-line chart.

Of course, during this period, stocks related to the concept of "reorganization and backdoor listing" remained strong.

Stocks attacked by hot money and even closed at the daily limit are still one after another. It seems that hot money regards this line as a hype path for market switching and capital hedging.

At 2:43, after two consecutive sharp dives, the ChiNext Index and the Shanghai Index returned to the position at the opening of the morning. The intraday K-line, from the rebound high big positive line at the highest point of the day, turned into a "tombstone line" with a long upper shadow line, that is, an obvious top K-line pattern appeared.

When the intraday K-line pattern has become a "tombstone line".

Technical investors who were in the market and made some profits began to reduce their positions significantly in the last ten and a half minutes of the closing.

Finally, at the closing of 3 o'clock...

The Shanghai Index was priced at 2312.37, up 0.23%; the ChiNext Index was priced at 1296.54 points, losing the key position of 1300, up 0.36%.

Although the three core indexes including the Shenzhen Index finally closed in the red.

But it was shown on the K-line chart that it was indeed an obvious negative line, and failed to achieve the expected good start and ten consecutive positives.

Moreover, the ChiNext Index fell back from the highest intraday increase of 2 points, closing with a "tombstone negative line", revealing the top trend, which can be said to be extremely hurtful to market sentiment, and also caused a large number of investors who chased in today to be trapped in the market.

After the closing...

Regarding today's market performance.

The majority of investors in the market sighed and felt that it was seriously below expectations.

Even the major securities and financial media reported the news that "the market turnover has reached 110 billion again, successfully achieving a good start after the holiday and ten consecutive positives", and many market trumpeters still tirelessly shouted "the bull market is back", and investors who chased in today could only respond with "haha".

Afterwards, everyone reviewed the market and found the culprit that caused the market to fall sharply.

It was the diving of the two core main line concept-related sectors of "mobile Internet" and "smartphone industry chain" in the afternoon, and their core concept stocks.

And many people know that the core main force of the positions of these two main lines.

It is the ‘Fortune Road’ that created the wealth myth this year.

Therefore, many people began to speculate whether ‘Fortune Road’ was reducing its holdings, and even many leaders in the regulatory authorities who had just held a briefing meeting during the holidays did not have first-hand information.

At this moment, they were also eagerly looking at the Dragon and Tiger List that was about to be announced, wanting to see who was not considering the overall situation.