Chapter 280 News Ferments, and Positions Continue to Be Reduced!

"I'm afraid the market will be over tomorrow?"

In the countless discussions about 'Fortune Road', the pessimism among retail investors began to gradually spread.

"I don't know whether it will be over or not, but what is certain is that tomorrow's market selling pressure will definitely be greater than today. First of all, the K-line pattern of the index is extremely ugly today. I'm afraid the market will inevitably adjust. Secondly... 1.1 billion was smashed on the Fortune Road list, which is basically a move to clear the warehouse and smash the market. Tomorrow, there will definitely be a lot of funds to smash the market with the Fortune Road seats. So... under the influence of these two, tomorrow's market trend will definitely not be good, but I think... there is no need to be too pessimistic. After all, the overall trend of the market is still upward."

"From the past data of Fortune Road on the Dragon and Tiger List, every time Mr. Su made a large-scale sale, it was basically at the peak of the market. I think... it's better to be pessimistic than optimistic at this time. Even if the trend of the index can continue, 'Securities, The main trend of 'venture capital' should be over, right? "

"It was said before that the logic of the outbreak of the main line of 'securities and venture capital' was a bull market. Now that Mr. Su of Fortune Road has liquidated the chips of this line on a large scale, does it mean that the logic of the bull market is still untenable? "

"If the logic of the bull market is untenable, then the basic logic of the market rise has changed! "

"It can't even get past 2500 points, so why are you still thinking about a bull market! "

"Fortune Road has liquidated and sold at this position on a large scale, which means it is bearish on the market, but... surprisingly, Fortune Road has no movement under the two small core main lines of 'mobile Internet' and 'smartphone industry chain' in the direction of the Growth Enterprise Market. That is because Fortune Road has already liquidated all the chips under the two small core main lines of 'mobile Internet' and 'smartphone industry chain'. "Is it done, or locked up?"

"Look at the two main concepts of 'mobile Internet' and 'smartphone industry chain', which have fallen without resistance in the past few trading days, and there is almost no main force to protect the market. Do you think that Fortune Road has completed the liquidation, but not locked up the position?"

"So... the small-scale liquidation of Fortune Road under the list on October 17th is the first warning?"

"Oh, it's a pity. You said that Fortune Road would be sold, but you still had a glimmer of luck and lost so little money in vain. It's no wonder... I will definitely make the same mistake again."

"If Fortune Road also liquidates under the two main concepts of 'mobile Internet' and 'smartphone industry chain', it will be a comprehensive bearish market. Oh... I'm unlucky. I chased the low of Oriental Securities today. I was thinking that if Fortune Road was sold out, If the position is heavy, I will continue to hold it tomorrow to see if it can rebound. Now... I can only resolutely cut the position and stop the loss. "

"Indeed, once the logic of the bull market collapses, the market adjustment that follows... will definitely be large."

"In addition to the problems under the logic of the bull market, will the market be in a state of panic when Fortune Road exits the market so quickly?"

"That's impossible..."

"Anyway, it's better to be conservative in the future. After all, the positive guiding indicator of the market situation of Fortune Road seems to have not failed yet."

"Indeed, the selling volume of less than 1.1 billion is the smallest selling volume in a single day since Fortune Road appeared on the Dragon and Tiger List. It depends on the influence of the seat on the market, but such a small selling volume, the selling signal of the main funds, must be taken seriously. "

"In addition to Fortune Road, Jiefang South Road also removed the selling position of 28 stocks today. ”

“Yanjing Minghua Road, which followed Fortune Road several times, also made the selling list of 28 unpopular stocks.”

“Sell, sell, sell...what can I say? Since the bull market has become a bubble, what is the reason to continue holding "securities and venture capital"? ”

“You are the one who cares about the bull market. It is a bull market. Anyway, you have only one principle when doing stocks. If you see Fortune Road buying, you buy it. If you see Fortune Road selling, you sell it. After all, with the current size of the funds of Mr. Su of Fortune Road, if I want to exit with a heavy position, I will definitely not open the Dragon and Tiger List.”

“Yes, yes...just nail the seat of Fortune Road.”

“At the same time, you can also hold on to luck, damn...you are holding on to the idea that the main position of Fortune Road is still there before Fortune Road exits the two main concept core stocks of "mobile Internet" and "smartphone industry chain". As a result, you have held the chips all the way to now, and lost nearly 20 points in vain. ”

Before the Dragon and Tiger List was announced, as time went by...

The discussion about the violent exit of Fortune Road continued.

During this period of time, the internal news about the "IPO market is about to restart" also ended and became smaller and smaller, and was known by fewer and fewer main institutional groups and some core hot money with well-informed market information.

"My mother, why are "securities and venture capital" so weak recently? Why are the unpopular concept main lines of the Zhongda Board and the ChiNext Board repeatedly abandoned by the main market funds? It turns out that the real core logic is outside." At this moment in the Magic City, inside Yinghui Fund, Liu Guanhai, who was already frustrated when the Dragon and Tiger List data came out, is now even more frustrated, "That group of guys...actually delayed the expectations and finished hyping them up. It's really not even a mouthful of soup for people to drink. "

Good news at high levels is good news, and good news at low levels is Li Meng!

After all, good news comes out before expectations are exhausted, and this is used to realize profits and ship goods.

From that aspect, the violent exit of Fortune Road today is simply extremely accurate.

And at the same time...

Like me, there are many core traders and fund managers of major institutions who are full of complaints and depression after hearing the news.

Of course, there are some people among them who remain relatively optimistic before careless analysis.

After all, in the eyes of some people, Fortune Road chose to violently liquidate positions and stop profits before the news of the "market IPO restart" was officially circulated and spread to the entire market. It must be something bad.

Because the seat on Fortune Road is a double-edged sword for market speculation.

When buying on Wealth Road, making good use of it can slowly stimulate retail investors' emotions and intensify the market's speculation; however, if it is timely, small-scale exits will also slightly dampen the market's retail investors' following sentiment, leading to market speculation. Coldness, struck by lightness.

Now, there is a small-scale clearance on Fortune Road.

But generally speaking, looking at the entire market, the expectations of the "securities and venture capital" line have not completely disappeared. The dark line of "market IPO restart" is quickly emerging.

If you make good use of that expected effect, it means continuing the main line of the market.

At most, it can have a decent rebound, without the losses reaped by the sudden crash of Fortune Road.

In other words... Wealth Road has completed the first wave of market harvesting after the news came out, but that line... there is still no seventh wave of market conditions to harvest.

Of course, the premise of all that...

It is because we feel that the road to wealth lies in such a small-scale exit, and there are already too few chips in hand to affect the subsequent market trend.

In that double fermentation of emotions and news.

In the evening, there were still some institutional analysts, financial media, and stock commentators who were not very enthusiastic, as well as the relatively stable trend of the market, which finally gave some hope to the relatively pessimistic market investors and calmed some of us who were suddenly affected. It was a dull, hot and cold mood.

So, the seventh day, October 24, Saturday, 9:15.

At the beginning of the call auction, the two cities did not show extreme panic and selling sentiment. Although many stocks that were hit hard by Fortune Road yesterday opened slightly higher, they did not completely lack liquidity and take over orders.

"The situation is better than you expected!"

Seeing such a collective bidding situation between the two cities, at that moment inside the Yuhang Investment Company, in the trading room, Su Yu said with a smile: "There is a lot of money for buying the bottom and betting against the package. Overall, 30% of the stocks are red, and the investment sentiment is also like yours." As expected, the opening range of the index will be very small.”

"Of course, what's more satisfying..."

"It's the main concept sectors of 'Securities and Venture Capital' that were killed and collapsed yesterday. Today, at the beginning of the call auction, it only opened about 1.5 points higher."

"You learned from Director Lin that the matter of 'market IPO restart' has been formally determined internally, and the issuance review committee will restart the IPO review process, which should be last month. The slowest estimate is... …In December, or January next year, the first new stock before the IPO will be delisted,” Li Kong continued, “The ‘securities and venture capital’ line can still be stable and there may be a crash. This type of liquidity crisis should be caused by the news of "market IPO restart", which has spread from the inside to the outside on a small scale. After all, in the A-share market, hesitant long-term investment funds are always the majority. There are only a small number of funds that are actually engaged in emotional speculation under the banner of long-term value investment.”

"Has it been confirmed?" Su Yu suddenly said without any clue, "No wonder... the line of 'securities and venture capital' can be stabilized again."

Li Kong smiled and continued: "A-shares are a policy market and a news market. Policies and news are conveyed layer by layer. The main funds without the advantage of information channels rely on news and emotions to make expectations. , the drama of small fish eating big fish and big fish eating shrimps has never changed, there is nothing strange about it.”

"He then took a look at the late-stage core unpopular main lines under the medium and large board and GEM, as well as various unpopular concept stocks."

"On the lines of the China Large Board and GEM, you didn't spend any chips yesterday. However... at that moment, the ST sector still almost fell to the limit, and was abandoned by the main funds in the market. It was a 'restructuring backdoor' , 'Smartphone Industry Chain', 'Mobile Internet' and other related unpopular concept stocks are the same. They basically have no main funds to undertake them and are completely free to launch. "

"Retail investors may feel that the market trend is strange at this moment."

"But as the news spreads, the core and main funds of all walks of life who have already smelled it are completely clear at the moment."

"According to the market trend at the beginning of the call auction..." Su Yu casually sorted out the negative thoughts and said, "Does he think the market will concentrate on the 'securities and venture capital' fields?"

Li Kong nodded slightly and said: "The logic and expectations of the bull market are advancing, but the hidden line of 'market IPO restart' has just been revealed. For the line of 'securities and venture capital', although the expectations have changed, in general It is said that there is still no expectation. On the contrary, in the direction of the medium and large board and GEM, in terms of the impact of market expansion, it is all about Li Meng. The news is implemented. In terms of Li Meng's expectations, the main funds of the market dare to pull To lift the market trend in the direction of the Main Board and GEM.”

"Yes..."

Li Kong paused and then said: "After yesterday's trend, the internal chip structure of the 'Securities and Venture Capital' line has been loosened. Many of the funds that were chased down yesterday were trapped at a low level. You may even In the first two days after the news actually comes out, market funds will continue to gather in that direction, and it will be difficult to create new low-level space. "

"After all, yesterday's volume was so small, and the time for the market to turn around is only a day or two. If you want to pull it back and free up the funds that were trapped yesterday, it will be difficult or flattering."

"So, you estimate, the market won't have at least a decent short-term rebound."

"But now, I'm afraid it will continue to fall."

"Because the market IPO restarts, in essence, it is to draw blood from the market funds, which can be regarded as Li Meng news for the entire market. In addition, the time is now towards the end of the year, and many main funds have no net worth liquidation needs. Active layout, and then continue The interest in taking part in the market is not very high.”

"This will cause active funds in the market to take a step back and fall, and the overall market funds will be lost."

"Well!" Wen Yue responded, "You... should continue to reduce your positions according to the established strategy? In fact... you were originally worried that your small-scale appearance on the Dragon and Tiger List would have too little impact on the market. Related The liquidity of tickets has decreased slightly, so you should continue to sell out and reduce your holdings. Now it seems... you are thinking less. With the news of IPO restart in the market, there are so many funds that want to lick the blood. "

Li Kong smiled and said: "That's right. After all, everyone thinks that they are stupid. They all think that they can get in before reaping profits."

"What a pity..."

Wen Yue shook her head and continued: "The Seventy-Four Law of the market is invalid at all times."

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

It can be seen that after the initial call auction period, before the false long orders were completely removed, the market showed the same phenomenon as that after there were no small orders.

All industries and concept sectors in the two cities showed a high opening trend.

Among nearly 2,000 stocks, only about 21% of the stocks are still in the red.

Afterwards, the concept sector of "securities and venture capital" performed slightly weaker. Although the market continued to perform slightly weak, the decline also fell to about 2.5%.

Among them, the unpopular stocks Oriental Securities opened higher by 4.51%, Huatong Securities opened higher by 3.72%, Huaxin Securities opened higher by 2.36%, Huaxin Securities opened higher by 6.75%, Eastern Venture Capital opened higher by 4.79%, and Zhezhou Oriental Securities opened higher by 2.88%. The Beijing low opened a new high of 4.62%, and Wanqi Enterprises even opened the market directly below the limit. From yesterday's low, it wiped out a drop of less than 30% in one breath.

As for the unpopular concept sectors related to the large board and GEM, which have basically no major funds to undertake, as well as unpopular stocks.

Its high opening range is below 3%.

Generally, it is Huaqingbao, Changqu Technology, LeTV, Wangsu Technology, Fenda Technology, Xinwei Group, Xinwei Communications and other concept stocks that have been coldly speculated in the later period and are at low prices. They are now opening at 5% higher. The following range, compared with the intraday low hit in the previous week, and the average retracement range, have reached about 28%.

Of course, what is even more tragic is the related shell stocks and ST sectors that are on the verge of entering the market.

The related core concept stocks in these two small fields have already taken the lower positions in the two cities' decline lists at the moment when the two cities have officially opened for trading.

Yes...

Although various industries and concept sectors in the two cities opened slightly higher.

However, at 9:20 and 9:21, two minutes before the emotional catharsis, the market's panic effect and the number of extreme selling did not continue to expand. Instead, the bargain hunting funds at the high level ended and quickly suppressed the selling. Stock prices, sector indexes, and concept indexes all pulled back downwards.

Finally, when the time reached 9:25, the collective bidding in the two cities began.

The Shanghai Stock Exchange Index opened only 1.23 points higher, reporting at 2351.11 points, holding the 2350 mark; as for the ChiNext Index... it was relatively strong, opening 1.73% higher, breaking through 1300 points, and falling back to 1293.85.

In addition to the index, sectors and individual stocks.

The industry sectors and concept sectors in the two cities still showed an overall trend of opening higher.

Among them, the securities sector opened higher by 1.16%, the venture capital concept sector opened higher by 1.43%, the 'mobile game' concept sector opened higher by 2.33%, the 'Apple concept' sector opened higher by 1.75%, the 'film and television media' concept sector opened higher by 2.36%, and the ST sector opened higher by 1.16%. It fell slightly by 2.89%, and the concept section related to 'reorganization and backdoor' also fell slightly by 2.11%.

As for the unpopular concept stocks ranked in the two cities...

Orient Securities fell back to 3.22%, Huatong Securities fell back to 2.56%, Oriental Ventures fell back to 3.17%, Wanqi Enterprise opened the limit, and the decline fell back to 6.85%; Huaqingbao, Changqu Technology, LeTV Net, Internet Speed ​​Technology... and other GEM stocks have maintained sideways fluctuations compared with before, and the decline has not changed too much.

"Judging from the trend of the entire call auction stage, the stocks that were rapidly smashed on Fortune Road yesterday were actually retracting their declines, and there were actually a lot of funds to undertake. On the contrary, there were some small-scale sell-offs on Fortune Road yesterday by some late-stage medium and large stocks. It’s really strange that the unpopular stocks on the GEM and GEM are actually sluggish and buoyant, and there are no traces of main funds taking over and buying the bottom. "Seeing the opening scenes of the two markets, Yuhang and Jingda Investment still have no idea. Wen Yuejing was completely confused when she heard any news about the market's IPO restart, and wondered, "When did Fortune Road's crash turn into a good thing for the market?"

"Today's call auction trends in the two cities are really strange." Next to Lin Tingzong, fund manager Gu Chijiang frowned and said, "The GEM and China Large Market are too strong, but those two index sectors and their related The core concept stocks... were obviously adjusted more fully yesterday. Is there any reason for the main funds to do the trading? "

"Could it be..."

Wen Yuejing paused, thinking of a possibility, and turned her head to look at Lin Tingzong: "Mr. Gu, did he hear that there was no obvious positive news in the market? Yesterday, Fortune Road made a small move to sell out the market. Do you think it's strange? , The market trend today is even more surprising. Looking at the situation... you feel that there is no important news to guide you? "

"I heard about it!" Wen Yuejing replied subconsciously, then thought about it and said, "Maybe your information is blocked, so you can ask people to inquire."

After saying that, I took out the phone and dialed.

Then, after about a minute or two, I hung up the phone without any shock.

Gu Chijiang felt that Lin Tingzong's expression was too correct and asked slowly: "What's the matter? It's really nothing!"

"I heard that the IPO market is about to restart." Gu Chijiang said, "The news coming from within Huaxin Securities should be correct."

"No wonder!" Gu Chijiang stared at the briefly suspended market, and all the doubts in his heart were cleared. "No wonder yesterday's collapse across the board, only the fields of 'securities and venture capital' were still stable. It's no wonder that A small number of concept stocks on the Medium and Large Boards and GEM that have no expectations but low valuations will be completely abandoned by funds, and they will stop falling. "

"Since no such news is expected, why is this 'Fortune Road' running?" Wen Yuejing became even more confused before she heard the news, "Is it possible that Mr. Su from Fortune Road has better news channels than you?" The delay was because we knew that the IPO market was about to restart, so...we were delayed?”

"It's impossible!" Gu Chijiang said, "Mr. Su from Fortune Road, although his ability to speculate on the market is extremely fierce, he is a new player in the market after all. He may have a lot of experience in market intelligence and the establishment of news channels. , it is completely impossible for the news to be delayed.”

Lin Tingzong thought about it again and felt that only that logical explanation made sense, and said: "Look at it that way...'Securities and venture capital' are probably going to have a seventh wave of market prices!"

"It's hard to say." Gu Chijiang replied, "The news of the IPO restart in the market is continuing to ferment and spread. It is true that there will be no hedging funds, and active funds will converge to the 'securities and venture capital' sectors that benefit from the IPO restart, but that News, overall, at the macro investment level of the market, it is still Xiaoli’s dream. The fields of securities and venture capital are the main lines. If a seventh wave of market is to occur, huge incremental funds will be needed to promote it. I am afraid that the market will In terms of Li Meng’s impact at the macro level, there is so little incremental capital to drive the market.”

"Yes..."

"Although the seventh wave of market conditions is certain, the concept of stabilizing the current situation should still be small."

"IPO market restart?" As the two of them were talking, Mu Yao knew when he would appear in front of him, "No wonder, no wonder... there is no hope!"

After saying that, I slowly entered and exited the fund trading room and returned to the computer I was working on.

Lin Tingzong glanced at Mu Yao, who was obviously not acting abnormally, and wanted to scold him, but when the words came to his lips, he saw that the figure was already there, so he endured it.

And on the other side...

Mu Yao, who had already heard the news, looked at the market that had stopped beating.

I used all the funds I had just borrowed to wipe out the market of Huatong Securities once again. I am looking forward to today's securities sector, based on the fermentation of the news of IPO restart in the market, to reverse yesterday's trend and make a desperate comeback. Make up for the losses in those days.

And just as I expected...

Before I lost my money, that time, the market ended exactly as I expected.

I saw that before the official opening of the market, the 'Securities and Venture Capital' sector continued to decline slowly, driven by various bottom-hunting funds. At the same time... the Shanghai Stock Exchange Index, the Shenzhen Stock Exchange Index, and the ChiNext Index all fell away to the same extent. The shadow of panic during the call auction gradually fluctuated downwards, covering the gap opened higher today.

At 9:35, Oriental Securities, Huatong Securities, and Zhezhou Oriental became popular.

At 9:41, ten minutes after the opening, the Shanghai Stock Index fell back to less than 0.5%, covering the gap, and it is still rebounding rapidly.

At 9:52, Orient Securities and Huatong Securities rose by more than 1%. Among them, Huatong Securities’ turnover exceeded 600 million. The core stocks of the two securities sectors seemed to have completely gotten rid of the shadow caused by the rapid market crash of Fortune Road yesterday, showing It showed a very weak attitude towards the trend of counter-packaging.

At 9:58, the Shanghai Stock Index turned red, and the securities sector and venture capital concept sector also turned red and fell.

At 10:06, even the GEM Index's decline shrank to less than 1%, filling the gap at the opening.

At 10:16, unexpectedly, Qianneng Hengxin, which had reached the ceiling and floor yesterday, was still locked in the recovery road. In the early trading today, it was weak and attacked below the limit down. It actually went out of the ceiling and floor trend at this moment, forming a trend of 10 boards in 11 days, and continued to open up the market speculation space.

Subsequently, Qianneng Hengxin went out of the 10 boards in 11 days.

The investment sentiment of the entire market ended a significant recovery, and the expectations of the market rebound also ended from the crazy breeding outside the heart, and retreated to a low rise.

At 10:21, Zhejiang Dongfang, which had been going smoothly and had reached a 3% increase, suddenly ushered in a dive again, and broke out a continuous small order of tens of thousands of hands directly smashed the market.

At 10:22, the leader of the ‘Eight Swordsmen of the East’, Zhejiang Dongfang, suffered continuous small orders of tens of millions of funds, and the trend turned from red to green, which directly affected the trend of Dongfang Venture and Dongfang Securities, causing those two stocks to also encounter extremely weak selling, and the trend ended and turned upward.

At 10:23, the ‘Eight Swordsmen of the East’ turned around, causing the sentiment of the recovery in the ‘Securities and Venture Capital’ fields to end the slow tide, and the relevant sector indexes and core stocks also ushered in a downward trend. "

"I didn't expect that the rebound trend would be brought down by Zhejiang Dongfang." Seeing that the market was like a frightened bird, and the recovery of investment sentiment ended, Su Yu said without surprise inside Yuhang Investment, "What was the purpose of the funds that just hit Zhejiang Dongfang? "

Likong looked at the Zhejiang Oriental market, pondered for a while, and replied: "The time for the good news to be realized is approaching. Mr. Wu of Zhejiang Oriental Group is afraid that he will come up with a plan to reduce his holdings, so the funds that know the news will definitely delay the withdrawal and wait until the market really ends. "

"Ah... I thought that before the emotional release in the morning today..."

"With the gradual fermentation of the news of the resumption of IPOs in the market, and the promotion of those major funds that are licking blood on the knife edge, the market will have a short-term weak rebound. "

"Now it seems... the market has become a frightened bird."

"Once the popular leader of Zhejiang Oriental collapsed, the weak rebound is likely to be settled. "

"So..." Wen Yue paused and continued to instruct Su Yu, "Continue to reduce, there is no need to hesitate, the market will have a lower low today. "