Chapter 277 The Market Stops when the Market Sentiment Goes Crazy!

In the GEM sector, the two main concept sectors of ‘mobile Internet’ and ‘smartphone industry chain’, and their related core stocks, although some funds have started to buy the bottom and do more today after continuous adjustments, the market performance is still relatively weak.

As for the ‘reorganization and backdoor listing’ related concept sectors that have been abandoned by funds in recent trading days.

Today is still the weakest area in the market.

In the entire GEM and SME sectors, only ‘Internet finance’ stands out, continuing yesterday’s strength. Its core concept stocks ‘Shanghai Steel Union, Huake Jincai, Hengsheng Electronics, Tonghuashun, Oriental Fortune, Jinzheng Shares’ all showed a clear high opening trend, and the increase of Shanghai Steel Union almost opened near the daily limit, and the phenomenon of funds scrambling for shares was quite intense.

"The active funds in the market are further concentrating on the field of 'securities and venture capital'!" At 9:21, in the trading room of Zexi Investment Company in Shanghai, Zhou Kan saw the market's call auction performance and sighed, "Under the obvious divergence trend yesterday, the sentiment and trend quickly turned into a consensus."

"Flames of fire and oil, eager for quick success!" Xu Xiang smiled and said in Zhou Kan's sigh, "Such a rapid progression of emotions, forced pull, the market should be close to the end."

The Shanghai Composite Index of 2500 points is an absolute upward pressure point.

In addition, the growth rate of market turnover is obviously unable to keep up with the changes in market conditions.

Nowadays, various major funds, market regulators, major securities institutions... various market-leading forces have not only failed to slow down the market under extreme emotions, consolidate the market foundation, and stabilize the internal chip structure, but have aggressively pulled the market, taking advantage of extreme emotional changes, frantically consuming active funds in the market, and overdrawing the future potential of the market. This practice has brought about market speculation.

It seems fierce and the money-making effect is overwhelming, but in fact it has no continuity at all.

"Then we..." Hearing Xu Xiang's words, Zhou Kan paused and replied, "Should we immediately reduce our positions and stop profits and change our trading strategy to a fully conservative state?"

Xu Xiang pondered for a moment and said, "But there is no need. After we withdrew from the previous popular main concepts such as "mobile Internet", "smartphone industry chain", and "reorganization and shell", we have been far away from the biggest risk point in the market. Although the market development of "securities and venture capital" is very aggressive and the sentiment has turned quickly, logically speaking, it is still a beneficiary of "market IPO restart". Even if the market falls after the expected bull market outbreak, in the process of the market IPO restart turning from a dark line to a bright line..."

"It still has a certain market logic support, and there should not be a sharp turn and complete loss of market liquidity."

"So, We don’t need to rush to take profits and exit the market with our chips on this line. ”

“Besides…”

“We were slow to get the news, and we didn’t have the first mover advantage on this line, and we don’t have many chips in our hands. Even if an extreme situation occurs, according to the amount of active funds accumulated in this field and the current liquidity of these stocks, we can sell them very quickly and achieve the purpose of exiting the market.”

“I just don’t know…”

Xu Xiang paused and continued: “How much chips did the funds of Fortune Road buy in the field of ‘Securities and Venture Capital’? If Fortune Road is like the hype of the ‘Shanghai Free Trade Zone’ in this line, with a heavy position… or even a full position, then the subsequent market… I’m afraid it will be very good.”

He doesn’t have many chips on this line, and he can’t affect the macro trend of the market.

And he also knows that the rise of the ‘Securities and Venture Capital’ line is completely fanned by many major market institutions, who use the news of ‘market IPO restart’ to promote the logic of the bull market, and the appearance of eating… can be said to be extremely ugly.

Now, he felt that Fortune Road had a large-scale hidden sign in this field, completely occupied the market opportunity, and was able to use chips to influence the macro trend of the market at a critical moment, so... he would naturally expect Fortune Road to have a fight with these ugly main institutions.

After all, in the final analysis...

He and Su Yu of Fortune Road were both from the wild side of the market, not regular troops, and were completely different from these main institutions.

"From the purchase data of Fortune Road on the Dragon and Tiger List, the scale should not be large." Zhou Kan said, "But Mr. Xu, you also said that Fortune Road's Dragon and Tiger List is most likely used to deceive people, so... According to the logical analysis you said, then Fortune Road must be in a state of heavy holdings in the line of 'Securities, Venture Capital', because only in this way... can it explain why he needs to use the Dragon and Tiger List seat to cover up the motivation of the actual operation."

"And..."

Zhou Kan thought for a while and continued: "We can get the news that 'the market IPO is about to restart' after the full outbreak of the 'Securities, Venture Capital' line. According to the past market intelligence analysis of 'Yuhang Investment', they must have received the same news as us."

"In this case..."

"If Fortune Road hadn't lurked a huge position before the market for 'securities and venture capital' broke out, it would have been impossible to buy only the few chips shown on the Dragon and Tiger list, and... even if Fortune Road As we thought, we feel that the main market line of 'securities and venture capital' does not have much continuity, the space is limited, and the time period for the market to break out is also limited. In the continuous surge, there are not many chips to intervene. "

"Then... he should at least carry out large-scale lightening of positions in related core main areas such as 'mobile Internet' and 'smartphone industry chain' in the GEM weight direction to avoid the market switching between high and low amid the outbreak of 'securities and venture capital'. "The siphon effect, as well as the resumption of 'market IPO', will cause a blow to the valuation and hype of GEM and small and medium-sized board concept stocks?"

"Unfortunately, except for the day when the hype of the two core main lines of 'mobile Internet' and 'smartphone industry chain' peaked, Fortune Road eagerly reduced its positions on a large scale. Subsequently, as these two main lines continued to plummet, , I haven’t seen any news of lightening positions on Fortune Road.”

"You must know the 'Yuhang No. 1' fund managed by Fortune Road."

"In the position data released in September, positions in stocks related to the two core main lines of 'mobile Internet' and 'smartphone industry chain' are basically full."

"So, comparing his previous position data, and then comparing it with recent trading days, especially the 'securities and venture capital' line has exploded, and the two major GEM weights of 'mobile Internet' and 'smartphone industry chain' When the main concept line continues to adjust, his motivation for buying and selling seats on the Dragon and Tiger list.”

"It's obvious that..."

"Fortune Road is indeed as Mr. Xu guessed. It has long withdrawn from the two major GEM weight concepts of 'mobile Internet' and 'smartphone industry chain' and has long since lurked into the 'securities and venture capital' line. "

"Not bad!" Xu Xiang smiled and nodded, "My analytical skills are getting better."

Zhou Kan smiled and said: "I learned this from Mr. Xu, but according to our inference... Wealthy Road can complete the position adjustment without anyone noticing, and in advance with billions of funds. It is outrageous that the main funds in the market have found the logic that the "securities and venture capital" line will inevitably explode for such a long time, and heavily invested in it. "

"If it weren't for Fortune Road's recent trading activity on the Dragon and Tiger List, if it weren't for the fact that we had known in advance that the 'market IPO' was about to restart, and if it weren't for the influence of Mr. Xu, if it weren't for the capital operation style of Fortune Road, we would have Very understanding..."

"General market investors really don't think or speculate in this direction."

Xu Xiang nodded slightly and said: "This is the power of Fortune Road's capital. It is as quiet as a virgin and as active as a stray rabbit. It grasps the timing and market trends extremely accurately, but never hesitates."

"This market..."

Xu Xiang sighed, and then said: "Although there is no smoke, it is the most cruel. Ability and trading talent are always the most important. If you can do it, you can do it, if you can't, you can't. After all, in the market of stock games, every profit you make Every penny is taken from other people's pockets, and no one in the world is willing to give money from his own pocket to others, so... people who are famous are definitely not famous!"

"At least... since I got into financial markets."

"This person on Fortune Road should be the person with the highest trading talent and the greatest potential for future growth that I have ever met, whether in reality or in a market competition."

"Yeah!" Zhou Kan responded, "His growth rate and wealth accumulation rate are indeed outrageous!"

After speaking, he turned his attention to the market trading interface again.

At this time, the time has reached 9:25, the two cities have completed the collective bidding, and are in a brief suspension stage.

And after collective bidding, the market prices of the two cities have been fixed...

The Shanghai Stock Exchange Index opened higher at 2443.75 points, up 0.86%, continuing to set a new rebound high and a new annual high. The ChiNext Index opened higher at 1376.89 points, up 0.32%. Although significantly lower than the Shanghai Index, it still set a new rebound in this round. New highs and all-time high positions.

In addition to indexes, individual stocks and sectors.

The two popular core lines of 'Securities and Venture Capital', as well as their related concept sectors, both increased by more than 4%. A total of 5 stocks achieved a straight-line trend, including 'Zhezhou Oriental, Oriental Securities, Oriental Venture Capital, Shibei High-tech and Zijiang Enterprises', and other popular stocks in the same sector, also mostly opened higher than 5%, and the signs of capital pursuit and fundraising are extremely obvious.

The 'Internet Finance' sector rose as high as 3.67%, second only to the two major concept sectors of 'Securities and Venture Capital', and also appeared to be extremely strong. Moreover, the core stocks in the sector, Shanghai Steel Union, stepped out of the straight-line board, and the stock price returned to 60 yuan. , Huake Jincai, Jinzheng Shares, and Hengsheng Electronics all increased by more than 5%, and the signs of capital pursuit and fundraising are also quite obvious.

Immediately afterwards...

After these major concepts that have attracted much attention from the main funds in the market and are rushing to raise funds at high levels on a large scale.

Concept sections such as 'financial reform', 'mobile payment', and 'insurance trust' related to financial concepts also showed obvious changes.

On the contrary, it is the two major weighted areas of ‘insurance and banking’ in the industry sector.

Today's call auction was still dead. It should be that the main market funds found that the active funds in the two markets were limited and could not pull the two core weights, so they did not gather in these two directions. Instead, they began to diverge and hype some financial-related medium and small-cap concept stocks.

As for... the previous hot concept main lines with GEM and SME boards as the core, which have been weak for many consecutive days.

Many previous hot concept main lines such as "mobile Internet", "smartphone industry chain", "reorganization and shell" are still in adjustment today. During the entire call auction process, the main funds disappeared after 9:20, except for the traces of bottom-fishing at the beginning.

Among them, in the sectors related to these hot concept main lines.

The three major concept sectors of "mobile games", "ST sector" and "Apple concept" led the decline in the two markets.

Hot stocks in the three major concept sectors, such as Huaqingbao, Changqu Technology, Meisheng Culture, Anjie Technology, Fenda Technology, and Shuobei, all opened significantly lower, with signs of a comprehensive retreat of the market and being completely abandoned by the main funds.

"Fuck, it opened lower..."

Seeing such an opening scene, Yuhang, inside Jingda Investment, in the trading room, Mu Yao stared at the trading board and his personal position account. He had borrowed money to supplement the margin twice, but now he still couldn't get rid of the position data of the forced liquidation warning. He was extremely irritable and bored: "The index is hitting a new high every day, but you are opening and closing low every day, without a decent rebound. Do you want to live?"

At the moment when he just started the financing leverage, he saw the index hitting new highs one after another with great momentum.

At the moment when he saw that his profit in one day was equivalent to 30 million, which exceeded most of his personal assets.

He thought he had seized the opportunity, he thought he was the next stock god, the next market legend, but...reality is always so ruthless.

Before he could come to his senses...

He was now burdened with 27 million yuan of high-interest loans, and the funds for replenishing the margin were already in a state of loss. If the market fell further...not only would his wealth accumulated over the years be wiped out, but he would also have to bear huge debts. By then, he really didn't know whether his sister and brother-in-law, who had repeatedly tolerated him, would continue to cover for him.

Of course, it was not too late for him to withdraw now.

At least, if he withdrew at this time, he would be able to pay back the margin and interest, and still have millions of principal left.

But if he withdrew at this point... and when the market index hit new highs one after another and the bull market was already here, how could he be willing to do that?

"Adjust positions to chase securities?" He gritted his teeth and kept weighing in his mind, "The active funds gathered in the line of 'securities and venture capital' have been slow to return to the GEM. I'm afraid it will be difficult for the two core concept lines of 'mobile Internet' and 'smartphone industry chain' to have any decent rebound or reversal opportunities!"

"But if I adjust my positions at this time, what if I adjust them and encounter adjustments in the 'securities and venture capital' sector?"

"If I don't adjust, it will continue to fall... I'm really finished!"

He thought carefully in his mind for a long time, and finally, when 9:30 came...

He still decided to cut his positions on a large scale, including 'Huaqingbao, Changqu Technology, Fenda Technology, Netspeed Technology, LeTV' and other core hot stocks in the early market, and turn to the pursuit of strong stocks related to the core hot line of 'securities and venture capital'.

And when he made the adjustment.

Thinking of chasing hot spots and taking advantage of the continuous surge in the line of 'securities and venture capital' to quickly turn around.

On the other side of his trading room…

In the main fund trading room of Jingda Investment, Gu Chijiang and Lin Tingzong discussed and decided to reduce their positions in the two core themes of ‘mobile Internet’ and ‘smartphone industry chain’, which were extremely optimistic before, on a large scale, and quickly lowered the holding level of the entire main fund to lock in profits at the end of the year.

So, under the joint action of the two, the market has just started to trade officially.

The concept sectors such as ‘mobile games’, ‘Apple concepts’, ‘wearable devices’, ‘electronic information’, and ‘network security’, which have led the market decline, and their core stocks, such as ‘Huaqingbao, Fenda Technology, Netspeed Technology, Anjie Technology, Xinwei Communication, Shuobei, Goertek’, etc., have once again encountered a large number of main selling orders, and the stock price quickly plunged, and the decline was further expanded.

During this period…

The ‘securities, venture capital’ field and its related core hot stocks once again showed a large-scale net inflow of funds, and the stock prices rose sharply.

Especially the two stocks of Shibei Hi-Tech and Dongfang Securities.

Since the two stocks were not firmly capped, the stock prices broke the limit at the moment of the official opening due to a large number of profit-taking orders. However... after breaking the limit, there was no panic trading. The stock price only fell slightly to the 9% increase position, and then it was pulled up by lightning, bursting with huge volume, and then closed the limit again in seconds.

There is also Huatong Securities, which failed to close the limit yesterday and was listed on the Dragon and Tiger List. It was abandoned and reduced by institutions on a large scale. The core weight of the securities sector and the popular leading stock in the two cities. This stock opened significantly lower than the increase in the securities sector. As soon as it officially opened, it was frantically chased by the active funds in the entire market. The purchase of large orders of tens of thousands and thousands of lots filled the entire real-time transaction interface of this stock.

In just 5 minutes...

Under the influence of the extremely crazy main buying funds, this check jumped 5 points in a straight line. The increase jumped from 2.33% at the opening to more than 7 points. It seemed that it was once again accumulating strength to hit the daily limit, and in these 5 points Within minutes, its transaction volume soared to 800 million, which is comparable to the usual turnover of almost an hour and a half.

"Crazy, really crazy... the securities sector has gone crazy!"

I saw the weight of Huatong Securities, a 100-billion-dollar security, skyrocketing. I saw that within a few minutes, the overall growth rate of the securities sector exceeded 5% again. Not only did it reverse the decline of yesterday, but it also continued to hit a new high in the index rebound. , and for a while... even the vast retail investors who were chasing the hot market trends showed a rather surprised look.

"This is the bull market, this is the bull market!"

"At the beginning of the bull market, the explosive power of the securities sector was so crazy."

"Have you never seen the situation in the 2007 bull market? The securities sector collectively rose to the daily limit, and Huaxin Securities, the real core leader of securities firms, was also able to go beyond the continuous daily limit trend."

"Where is this? Just wait and see... the scene of dozens of stocks in the securities sector collectively hitting the limit will definitely appear. Wait until then... it will be spectacular."

"In the last bull market, Huaxin Securities achieved a maximum increase of 11 times, and its highest valuation almost reached a market value of one trillion. At that time, Huatong Securities had not yet been listed. This wave... Huatong Securities should be the core focus, right? ? After all, this check is a leading large-scale securities company, and because it was listed through a backdoor listing, most of the shares were locked for five years. Compared with the industry leader, Huaxin Securities, the circulating market is obviously several levels smaller, making great use of funds. Hype, and hype it, will have a big impact on the entire securities sector.”

"Needless to say, Huatong Securities must be the leader in terms of market weight!"

"Oriental Securities should be a high-level leader in securities, right?"

"They are not bad. It can be said that...in the bull market, these two checks are both big bull stocks with a 10-fold increase."

"Buy, buy... After waiting for 6 years, the opportunity finally came!"

“I didn’t say anything, we went directly to financing.”

"When the bull market comes, the performance of securities companies will skyrocket. The securities sector is definitely the sector with the highest elasticity in the bull market. Use the financing from securities companies to buy securities, haha... I seem to have found the password to wealth."

"In the last round, securities firms did not have securities lending business, and their performance could soar more than 10 times under the amplification of the bull market. Now that they have the performance amplifier of securities lending business, when the market trading volume catches up, and when investors outside the market After entering the market in a big way, when the market's leverage volume and the scale of financing and financing also catch up... the performance of the securities companies is simply unimaginable. "

"Whether it is speculation or investment, the current 'securities and venture capital' are the best market areas."

"Haha... I feel like I'm going to get rich!"

"I hope it can increase 10 times, because only if it increases 10 times can I recover my principal. In the past few years, I have lost 90% of my principal."

"Anyway, after six years of bear market, the market has now turned bullish, and the time to enter the market... has definitely arrived. The wave of 'securities and venture capital' is definitely a signal that the bull market is coming."

"I still have a time deposit of 300,000 yuan in Hua Commercial Bank, which has not expired yet. Look at this... I have to find a way to withdraw it tomorrow to add to my position. What the heck... the bank's interest rate is 3 or 4 points a year. It was less than a day's profit in the stock market. I was really stupid at the time. If I had planned it earlier, I would have missed so many mainline trends this year. "

"Not to mention, although the overall increase of the Shanghai Stock Exchange Index this year is not large, less than 10% so far, there are really many opportunities for speculation in the main market. Since June, 'Internet Finance', 'Shanghai Free Trade Zone', 'Restructuring backdoor', 'mobile Internet', 'smartphone industry chain' to the current 'securities, venture capital'... If you seize any of these trends, you will basically get a doubling opportunity!"

"As for catching a few waves...that is now the legend of Fortune Road."

"Although the overall increase in the Shanghai Stock Index is not large, the GEM has almost doubled from a low of more than 700 points to more than 1,300 points now."

"So far...how many people have outperformed the GEM Index?"

"Whether we can outperform depends on this wave of 'securities and venture capital' markets."

"I used to rely on Hua Qingbao to double my profits, but now I have returned some profits. Hua Qingbao is still doing poorly today. I am thinking...whether I should exchange all my positions into Huatong Securities."

"Change, must change. Outdated leaders are not as good as dogs. The market trends of the 'Securities and Venture Capital' sectors are clearly replacing the two popular main lines of 'Mobile Internet' and 'Smartphone Industry Chain' in the early stage. Don't change at this time..." Chasing higher in the later period is even more passive, and Hua Qingbao has risen from the bottom and has risen 6 or 7 times. Huatong Securities is still at the bottom. Take the wave of securities first, and then wait for Hua Qingbao's adjustment to end, and then look back. Wouldn’t it be nice to come and eat from Hua Qingbao?”

"That makes sense, then I'll change them all!"

"The trends of Shenhua Coal and Huaguo Baosteel that I bought are also terrible. Do you want to change them?"

"Change, must change! Thermal coal prices have dropped by 40% this year. What future does Shenhua Coal have? The same goes for the steel industry. Market demand has long been oversupply and overcapacity."

"Securities, securities... In a bull market, only securities are king!"

"Before the brokerage firm doubled, all chips were scarce. Buy, buy, buy... At this time, only the word 'buy' is the real code for wealth."

In the extremely heated group discussion, the trend of the securities and venture capital sector index reached a new intraday high, and then a new high!

Finally, at 10:08, after the explosive volume of 1.9 billion, Huatong Securities once again hit the daily limit in the spotlight.

And at this moment...

Yuhang, inside the trading room of 'Yuhang Investment' company

Su Yu stared at the securities sector index which had soared to 6.47%. He saw that the main funds in the market and countless retail investors were chasing the market in the securities and venture capital sectors to a frenzy. With a flash of light in his eyes, he immediately gave an order to Li Meng: "It's almost done, smash it! Huatong Securities, Huaxin Securities, Huashang Securities, Luxin Venture Capital, Tuozhong Shares, Zhangjiang Hi-Tech... all stocks that are not strongly blocked by large orders, sell as many chips as you can, here... is almost the best time to stop profit!