Chapter 274 High Diving, Main Line Differentiation!

Not only the relatively weak fringe concept stocks, but also the signs of large selling orders appeared on the market of core popular stocks. The profit taking was quite fierce, and as the core weight of the securities sector, Huaxin Securities and Huatong Securities' also opened their daily limits, and their stock prices fell rapidly.

"Are emotions transmitted so quickly?"

Seeing "Huaxin Securities and Huatong Securities" break through the market in a flash, and all the main funds were withdrawn, Mou Zhengxing, who had just placed the main sell order, was dumbfounded: "One moment, I was chasing the highs desperately, for fear that I would not be able to buy chips, and now I was desperately canceling the order. , Selling hard, this change in the market... is really unexpected. "

“There was a big wave of funds just now, but it’s obvious that the volume has not kept up.” Fang Xinsheng said on the side, “But the bleeding effect of other sectors in the two cities is still increasing, so... as long as there are smart funds in the market , we know that the market will not be able to pull up without adjustment here. The "securities and venture capital" sector has insufficient capacity and insufficient acceptance. Naturally, the profits that were still in a wait-and-see mood before have surged out. "

"Xiao Mou, you don't have to think so much..."

Fang Xinsheng paused and continued: "Just take all the non-core hot stocks we have in the 'securities and venture capital' fields and buy them out at once."

"All of them have been sold according to the market price." Mou Zhengxing responded.

And with the sound of his voice...

The two core popular concept sectors of the market, 'Securities and Venture Capital', have both broken the market and their stock prices have fallen when 'Huaxin Securities and Huatong Securities' have fallen. Their sector indexes, as well as many stocks in the sector, have already experienced a diving trend.

Immediately afterwards, at 10:46, the net inflow of funds in the securities sector dropped from a maximum of 3.36 billion to less than 3 billion, indicating that in this sector, the follow-up situation of the main funds at this moment has changed from a net inflow to a net outflow, and the main selling force Suppress buying and take the lead.

At 10:48, the securities sector index fell from a maximum of 6.57% to 5.55%.

At 10:50, Huaxin Securities and Western Securities broke the market. In the securities sector, the number of daily limit stocks dropped sharply from eight at the previous peak to four. At the same time, Wanqi Enterprises, Fudan Fuhua also opened its daily limit, and the number of stocks in the sector dropped sharply from 11 to 7.

At 10:53, the Shanghai Stock Index rose from a maximum of 2.57% to less than 2%.

At 10:55, the securities sector index fell below 5%, and the net inflow of funds in the sector fell back to around 2 billion. The main capital outflow of 100 million was changing almost every minute. At the same time...it has been extremely weak since the opening of the market. The core concept sectors of GEM, that is, the concept sectors related to 'mobile Internet' and 'smartphone industry chain', have ushered in significant buying. Huaqingbao and Wangsu Technology, two early popular stocks with deep adjustments, The stock price has shown a sudden upward movement, and it seems that the main funds are doing speculative operations of switching between high and low.

At 10:57, the securities sector index continued to fall back to about 4.5%, the stock prices of "Huaxin Securities and Huatong Securities" both fell back to around 6%, and the net inflow of funds in the sector fell below 2 billion, but the net outflow rate began to weaken.

At 11:01, the securities sector index remained in a range of 4.25% to 4%, the 'venture capital' concept sector index fell by 4%, maintaining a range of 3.5% to 3.85%, while the GEM index fell in the range of 3.5% to 3.85%. Concept areas related to 'Mobile Internet' and 'Smartphone Industry Chain', namely 'Mobile Games', 'Electronic Information', 'Apple Industry Chain', 'Wearable Devices', 'Network Security' and other conceptual sectors have rebounded significantly. Sector indexes have turned red one after another. Among them, Huaqingbao and Wangsu Technology have risen by more than 4 points in a straight line, catching up with the gains of the Shanghai Stock Exchange Index and outperforming the market indexes of the two cities.

At 11:02, the ChiNext Index returned to the 1% growth mark, and the growth gap with the Shanghai Stock Index shrunk to less than 0.5 points.

At 11:05, the Shanghai Stock Exchange Index continued to fall back to an increase of 1.45%, and the ChiNext Index maintained an increase of about 1%. After experiencing a rapid plunge, the two cities returned to a stable state. However, during this period, the "reorganization and backdoor" This line has been falling again and again without any improvement. The stock price of Xinwei Group, a core concept stock, failed to rebound and was hit by a large amount of funds to near the limit.

"The trend of the market spreading to the entire 'big financial' field, and the extreme explosive trend of the securities sector collectively hitting the daily limit, actually failed!" Facing the market conditions that have stabilized after the plunge, at this moment Yanjing, Shen Within Hua Fund, fund manager Chang Li couldn't help but sigh, feeling very regretful in his heart, "My emotions have reached this point, and it's a pity that I didn't rush forward."

"The market volume is slightly insufficient. Coupled with the securities sector index, within three trading days, it surged by more than 15%. It has broken away from the range that had fluctuated for nine months and entered the heavy pressure level of the hold-up market. It is difficult to get over it for a while. It's normal." Lin Zhaoye, director of the Fund Management Department, said next to Chang Li, "But... after such a move, the chip structure above should have loosened."

"When the market sentiment continues to stabilize, the market will fluctuate a little and adjust, and clean up some profits and floating chips."

"The next impact will be easy to pass."

"Now that the market has formed strong expectations of a 'comprehensive bull market', coupled with the announcement of the resumption of IPO, there are still a few days left, so the 'securities and venture capital' line, the dive here, is not considered a market trend. The turning point can only be regarded as a short rest before the real attack!"

"I'm afraid that some ignorant hot money will take advantage of this short adjustment to lead the market back to the GEM direction and the related conceptual fields of 'mobile Internet' and 'smartphone industry chain.'" Chang Li frowned slightly and said , “In this period of IPO restart in the market, Before this hidden news has officially surfaced, it is entirely possible that the market will change in this direction. Once it changes in this direction... the market's main market conditions and active funds will be dispersed, and then the 'securities and venture capital' line will If you want to go further, it will be difficult.”

"It shouldn't change in the direction you said." Lin Zhaoye thought for a while and said with a smile, "There are a lot of smart money in the market, and there are so many well-informed people. We can get the news, and other people with deep backgrounds Institutions and even private equity funds can definitely do it, but in terms of time, it may not be that timely.”

"I believe...the heavy news of the market's IPO resumption is suppressed."

"Compared with the GEM, which refers to the 'mobile Internet', 'smartphone industry chain', and 'film and television media' with higher weight attributes, these are the early popular concept lines. There will not be any big opportunities, and it will not be able to gather too strong sustainable momentum. money-making effect.”

"Besides, although these main lines of popular concepts in the early stage have been adjusted a little, compared with their several times increase, no matter the time and space for adjustment, it is still not enough."

"So, I'm sure..."

"After the short-term adjustment of the market, the core main direction of attack will definitely return to the line of 'securities and venture capital'. After all, under the negative news of the market's IPO restart, only this conceptual line has an obvious future. Expectation can be called a safe-haven sector in the market.”

"So, we should...keep our current positions unchanged?" Chang Li asked.

Lin Zhaoye nodded and replied: "Looking again, it seems that it is not yet time to sell out positions on a large scale to take profits. At least... although the market plunged violently just now, there was no obvious panic outflow." When investing in the concept sector, there is no extreme trend.”

"Okay, let's take another look." Chang Li thought for a while and nodded.

In the final analysis, even though he had a little worry in his heart, he was unwilling to sell out his position on a large scale to stop profits. First, there were still several days left before the best time to sell out his position; second, The main position of the wealth path he was waiting for has not been fully entered. At this time, all positions are taken out to take profits. Firstly, the profit is not big, and secondly, it cannot lock the opponent.

And as the two communicated...

At this moment, Yuhang, inside Jingda Investment, the trading room.

Gu Chijiang and Lin Tingzong looked at the market that suddenly plunged and changed, and saw that it was weak at the beginning of the market, and then rebounded significantly, showing that the "mobile Internet" and "smartphone industry chain" have succeeded the "securities and venture capital" market. 'The two major funds, which have heavy holdings, encountered difficulties for a while.

Originally, the two men's previous consensus strategy was to resolutely reduce their positions in consideration of the potential risk points in the market.

But now, after Gu Chijiang inquired around, he did not hear any news about the resumption of IPO in the market. Moreover, there were obvious adjustments to the end of the fund's heavy positions, and there were signs of a return of the market. With regard to the previous plans to significantly reduce positions and stop profits, Strategy, I can't help but hesitate again.

"Old Lin, there are obvious signs of recovery on the GEM!" Gu Chijiang said.

Lin Tingzong knew the meaning of Gu Chijiang's words, pondered for a moment, and said: "Mr. Gu, my suggestion... is to continue to reduce positions and keep the profits first."

"Although there is no clear negative news in the current market."

“But Fortune Road’s recent trading movements on the market are not wrong, and there is no problem with our previous analysis and its logical relationship.”

"If we are greedy for a little profit at this time, I am afraid that we will lose even more good opportunities to play."

"besides……"

Lin Tingzong paused and continued: "In this wave of diving just now, the 'securities and venture capital' line has only slightly differentiated the market. Its core concept stocks, such as Oriental Securities, Zhezhou Oriental, Oriental Venture Capital, Shibei A large number of popular stocks such as Hi-tech, Zhangjiang Hi-Tech, and Zijiang Enterprises are still tightly sealed without any loosening, which shows that the market trend of this line is not over yet.”

"As for the market trends of the 'securities and venture capital' line, if they continue to be interpreted in the future."

"As for the two early popular main lines of 'mobile Internet' and 'smartphone industry chain' that are responsible for the market, there is still no sustainable market development opportunity."

"Recently, the index has reached new highs one after another, but we have repeatedly missed the market rhythm. In the new high index, not only did we fail to make money, but we also lost a lot. In trading... I think mentality is a more important thing. If we are eager to make money now and want to quickly make up for the losses of these few trading days, we may become even more unbalanced and wrongly follow the rhythm.”

"Therefore, I suggest that we reduce our positions and take profits first, take a look at the next development of the market, and wait until the market changes further and the certainty continues to increase."

“Don’t Mr. Gu often say that ‘the opportunities in the market are endless’?”

"In this case, why should we be so anxious when we have already made up for the annual losses and the fund performance has achieved the established annual target?"

"In fact, sometimes, in market transactions, slow is fast and fast is slow!"

Gu Chijiang heard Lin Tingzong's words, thought about it, and realized that he was indeed too anxious, and said: "Okay, since we have made a set investment strategy, we should execute it step by step. In the trading market, the saying 'slow is fast and fast is slow' is worth understanding!"

After figuring out the trick...

Gu Chijiang felt that if he didn't catch up with the 'securities and venture capital' market, it would be a bit foolish to greedily take advantage of the high-risk profits of the GEM rebound, the two main lines of 'mobile Internet' and 'smartphone industry chain' that might replace the 'securities and venture capital' market, and he didn't think about changing the trading strategy anymore.

However, just when the two weighed the pros and cons and decided to continue to implement the previous trading strategy...

In the analysis room next door where the two were.

After borrowing money to supplement part of the margin, Mu Yao watched the strong rebound of the previous popular stocks such as Huaqingbao, Changqu Technology, Fenda Technology, and Netspeed Technology, which showed signs of regaining lost ground and returning to the main line of the market. He was like a gambler with red eyes, and his face was filled with excitement. Before the midday closing, he bought all the last bit of liquid funds in his hand, hoping to take advantage of the strong rebound of these heavily-weighted stocks to make up for the losses of the previous two trading days with interest.

"I have finally understood that the Shanghai Stock Exchange Index and the ChiNext Index are a seesaw." After buying, Mu Yao, who was full of excitement, said confidently, "Now the line of 'Securities and Venture Capital' has reached a stage high. At the node of adjustment, the funds that have made profits will definitely buy back the two core concept-related sectors of the ChiNext weight, 'Mobile Internet' and 'Smartphone Industry Chain'."

"I don't believe it..."

"Under the strong expectation of another round of high-low switching in the market, the two major main lines of 'Mobile Internet' and 'Smartphone Industry Chain' in the early stage cannot have a decent rebound."

According to his current holdings, not to mention the hot stocks in his hands, rebounding to the new high position set in the early stage, as long as he can rebound by 10%, he can recover the account loss with interest and make a huge profit. At this position... Mu Yao believes that it is highly likely to rebound by 10%.

After all, the market currently has a continuous future expectation and a concept sector with strong imagination space.

The line of ‘big finance’ headed by ‘securities and venture capital’, and the line of ‘emerging economy’ composed of ‘mobile Internet’ and ‘smartphone industry chain’.

And only these two lines have gathered a strong enough continuous money-making effect.

The speculation of active funds in the market has inertia.

Therefore, Mu Yao believes that when the chip structure of the main speculation line of ‘securities and venture capital’ loosens and the market begins to enter the adjustment stage, the other line of ‘emerging economy’, which has been adjusted for several trading days and is relatively low, will inevitably explode.

Moreover, as the most core and popular leading stocks in the ‘emerging economy’ line.

Huaqingbao, Changqu Technology, Fenda Technology, Netspeed Technology... These stocks will inevitably be the first targets of the main funds when the market rotates.

As he excitedly and excitedly muttered to himself, 11:30 came.

In the end, the Shanghai Stock Exchange Index rose by 1.38%. Although it fell back significantly, it still stood firm at the 2400-point mark, maintaining a continuous rise in rebounds; the ChiNext Index rose by 1.18%, standing at 1370 points, setting a new historical high.

In addition to the index performance, in terms of sectors and individual stocks.

The strongest performance in the two cities is still the "Securities and Venture Capital" concept sector. Although the growth rate of the two sectors has fallen by almost half compared with the intraday high, it still remained above 3% in the end, leading all industry sectors and concept sectors in the two cities.

Following the "Securities and Venture Capital" related concept sectors is the "Internet Finance" in the direction of the ChiNext.

Then consumption, infrastructure, real estate, and 4G communications also performed well.

As for the concept sectors related to "mobile Internet" and "smartphone industry chain", which have been attracting much attention and have underperformed the market for several consecutive trading days, and even led the decline of the two markets, they have rebounded significantly today after opening low and falling sharply. The increase of the related concept sector index is slightly behind the ChiNext Index.

Of course, the concept sectors related to "reorganization and backdoor listing", especially the ST sector, continue to be abandoned by mainstream funds on a large scale. At one time, when the market plunged the most violently, there was a limit-down trend. The related concept stocks led the decline of the two markets and occupied the top of the decline list of the two markets.

"I didn't expect that the index would still hit a new high despite the rapid plunge." Looking at the market conditions of the two markets at noon, Li Meng smiled in the trading room of Yuhang Investment and said with some surprise, "The trend of the ChiNext this morning was really unexpected. I thought... Under the potential negative pressure of the resumption of IPOs in the market, a large number of profit-taking orders came out of the 'securities and venture capital' line and would definitely not touch the ChiNext again, at least not the high-level correction. There is not enough time and space for adjustment of stocks in the two core concept areas of 'mobile Internet' and 'smartphone industry chain'."

"It's not surprising." Su Yu said, "There are many smart people and smart funds in the market, but with a huge market investor base, they are not so well-informed and have not so clear macro-perception. There are also many retail investors and hot money who firmly believe that this is a full bull market and the index will only go north."

"Excluding the potential major negative of the restart of IPOs in the market..."

"According to the morphological analysis of the market being in the early stages of a bull market, after these funds have made profits on the line of 'securities and venture capital', they have turned to attack the core hot main line concepts that have been adjusted for several trading days in the index. There is nothing wrong with it. On the contrary, it is a very smart move."

"It's just that it's a pity that the basic logic and prerequisites of the operation are wrong."

"Well!" Li Meng responded and continued, "The differentiation of the line of 'securities and venture capital' has already come out in the morning. What do you think will happen in the afternoon... in the two markets?"