Chapter 283 The Main Force Was Killed by the Road of Wealth!

At 9:32, Fenda Technology rose by more than 7%, and the GEM index rose by more than 1%.

At 9:35, Huashang Securities rose by more than 5%, Huaxin Securities and Huatong Securities rose by more than 2%. Even Oriental Securities, which opened sharply lower due to the influence of Zhezhou Oriental, also turned red from under water at this moment, and at the same time... ...The Shanghai Stock Exchange Index is also led by the rapidly rebounding securities sector, with an increase of 0.85%, approaching the 1% mark.

At 9:38, Zhezhou Dongfang, which opened at the limit, began to loosen its market position, with a large influx of bargain-hunting funds.

At 9:42, Fenda Technology hit the daily limit, and other related stocks with the concept of "smartphone industry chain" also followed suit and rose. The GEM index jumped to 1.5%.

"What's the matter? The sudden attack is so fierce!"

Seeing the index and related popular stocks rebounding across the board, among the retail investors in the market, some of them who had just sold and cleared their positions at the end of yesterday were dumbfounded.

"You're not really going back on your word, are you? Damn... this is the bottom again."

"Let the market fly for a while. Wasn't it also a hot and good trend in early trading yesterday? But after 10:30, it completely changed. The index opened so much higher today and was so eager to rise. The volume of the entire market could not , I haven’t released it at all. I think...it’s going to be difficult to stabilize it!”

"It's good to be profitable, and the market has fallen so much in the past two days, maybe it can really stabilize."

"The future pension market plan mentioned by relevant agencies yesterday is true or false?"

"Whether it's true or false, it's all out of the question at the moment. Didn't the last round of social security funds enter the market after a long wait before taking action? And... even if it does enter the market, can it change the macro trend of the market? I'm afraid...it won't change anything in the end, right?"

"What about the performance? The results announced by Huashang Securities and Fenda Technology yesterday clearly exceeded expectations!"

"The performance of Huashang Securities should not be representative of the entire brokerage sector, right? As for Fenda Technology...the core stocks in the concept of 'wearable devices' and the concept of the entire 'smartphone industry chain', the performance is indeed good, but These stocks...the stock price has also increased several times, and the forecast has already been filled. It's hard to say how much room there is for it to go up. Moreover...the focus of the recent market conditions is obviously not on the GEM!"

"No matter what the performance or good news is, at this time, I will not be fooled again. With this trend of high opening and shrinking volume, whoever chases will be stupid."

"Indeed, judging from the daily K-lines of the three major indexes, the shape has completely gone bad!"

"I don't believe the adjustment will end so soon."

"Don't chase, don't chase, definitely won't chase!"

"Everyone on Fortune Road has cleared their positions and sold them, so let's chase a profit! It's really strong... Then let's hit a new high first and see. Once it hits a new high and releases its energy, I will chase the position."

"Let's wait and see again at 10:30. The sharp contraction in early trading is probably a scam."

"Unless Huashang Securities can reach the daily limit, I will enter."

"I still hope there will be a strong rebound, damn... I chased the high and was buried in Zhezhou Dongfang. I hope the market can rise a little higher today so that I can get out of Zhezhou Dongfang."

"Didn't Zhezhou Dongfang release a certain amount just now?"

"It's not pried open! What the hell...the ones in front are all major orders. There is no channel advantage. The wave just now can't get out at all."

"Zhezhou Dongfang also tried to pry it off. It's not bad. It's miserable for me to be buried in Potential Hengxin. It's so direct that I don't have any funds to pry it off."

"This is it. Both market sentiment votes have dropped by the limit. I really don't believe where the market can rebound."

"Not necessarily. Fenda Technology has just sealed the daily limit, and the market volume can begin to be released."

"Hey... Zhezhou Oriental has opened its lower limit, and the 'Three Musketeers of Oriental' are all rising in a straight line. The market feels like it is really releasing its energy!"

"It feels like the market is really going to back up today!"

"The beacon of the market on Fortune Road is not working? It shouldn't be!"

"Looking at the situation, the GEM index is heading towards a 2% increase. In addition to the related concept sectors of the 'smartphone industry chain' with 'wearable devices' as the core, the GEM weight direction is related to the 'mobile Internet' The concept sector and its core stocks have also begun to move higher.”

"Is... the adjustment really over?"

"It feels like the center of gravity of the market is shifting towards the two core lines of 'mobile Internet' and 'smartphone industry chain' in the direction of GEM!"

"Look at this situation... could Fortune be redeploying and adjusting positions?"

"Regardless of whether it is true or not, I will not pursue positions on the left anymore. If Fortune Road really starts to increase positions in the two main lines of 'mobile Internet' and 'smartphone industry chain', then this afternoon, Fenda Technology's You will definitely see traces on the Dragon and Tiger list. When the time comes... and you see the path to wealth really showing up, it won’t be too late to increase your position.”

"I also think... at this time, it's better to be cautious in chasing the rise!"

With the rapid rebound of the market and the continued discussions among the retail investors, the emotional divergence in the market has not diminished, but has intensified.

And at this time...

At 10:10, the GEM index rose by 1.89%, one step away from 2%.

At 10:15, 4 stocks in the 'Wearable Devices' concept sector hit their daily limit, and in the related 'Apple Concept' sector, the core popular stocks Xinwei Communications and Anjie Technology have also increased by more than 7 %, it has the momentum to hit the daily limit.

At 10:21, the Shanghai Stock Index rose by 1.3%, and Huashang Securities rose by nearly 7%.

At 10:26, the Shanghai Stock Exchange Index rose by 1.5%, and the ChiNext Index broke through the 2% increase, recovering most of yesterday's losses.

At 10:30, amidst everyone's expectations and anxiety, the Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index, and ChiNext Index did not show any obvious dive, and maintained a good oscillation trend at a high level.

"No diving, hold on!"

Seeing that the Shanghai Stock Exchange Index rose by 1.5% and the ChiNext Index continued to fluctuate around a 2% increase, many retail investors in the market who were originally anxious could not help but breathe a sigh of relief.

Then, the calls of ‘buy, buy’ began to increase.

The obviously divergent sentiments also began to tilt in the direction of bulls, market volume began to explode rapidly, and the index turned from a short-term shock pattern to an upward trend again.

However, just when the majority of retail investors in the market were generally turning optimistic, they finally couldn't bear it anymore and started chasing positions.

At 10:46, three consecutive large orders of 10,000 lots were suddenly placed on the market of Fenda Technology, which had already sealed its daily limit. As a result, Fenda Technology broke through the market in a flash, and the stock price fell back. At the same time, other stocks were driven by the daily limit of Fenda Technology. The core popular stocks related to the two main lines of 'smartphone industry chain' and 'mobile Internet' also instantly ushered in large orders to follow suit, and the GEM index plunged rapidly.

At 10:47, after Fenda Technology broke the market, Huashang Securities also saw selling orders worth hundreds of millions of dollars. The stock price fell rapidly from around 7%. Of course...at the same time, the Shanghai Stock Index also fell.

So far...

The late dive has arrived, and the bullish sentiment in the market that had initially recovered has been poured cold water on again.

"Damn it, it won't feel good if I don't smash it, right?"

Faced with another plunge in the market and a rapid decline in the gains of related core stocks and indexes, the retail investors who just couldn't help but catch up just now were extremely depressed and extremely corrupt: "Damn, these stupid main force, It’s simply poisonous, and the good counter-packaging trend has been destroyed again.”

"I just don't understand. Fenda Technology has obviously come out, why do we still want to destroy it?"

"It's not just Fenda Technology's stock! Pay attention... almost all popular stocks with good liquidity in the market are selling a lot of money at this moment."

"Could it be...that Mr. Lu Su is throwing away wealth again?"

"How is it possible? Mr. Su has already given out so many chips two days ago, how can he still throw them away?"

"Then why are the main funds in the market selling so unanimously?"

"Indeed, it doesn't make sense. There is no panic in the current market and there is no lack of liquidity. Is it necessary to exit the market like this?"

"Hey...yesterday it was Zhezhou Dongfang Band that crashed the market. I didn't expect that today...it would be Fenda Technology that crashed the market!"

"If the popularity faucet is not sealed, the mood will naturally dissipate instantly, but...the main funds of these selling today do seem a bit strange."

"Is there any hidden downside?"

"Isn't it possible? The regulators released a positive news yesterday, but now it's a negative news?"

"Then what are these main funds afraid of? A hard daily limit like Fenda Technology can actually be broken. It's simply..."

"Hey, the market has been going very weird these days."

"A weak one is still a weak one after all. Damn it... I really shouldn't chase him. He is probably buried again today. Hey... Mr. Fortune Lu Su is indeed a god!"

Amid the excitement, the market retreat continues.

At 10:57, the Shanghai Stock Exchange Index fell back to 0.87%, and the ChiNext Index fell back to 1.32%. The core popular concept sector that led the rise, the main capital flow, has changed from the previous net inflow to a net outflow.

At 11:02, the Shanghai stock index fell back to 0.62%, and the ChiNext index fell back to 0.93%. The two major indexes have completely given up all the gains they made since the opening, and the core popular stock Fenda Technology's stock price has already It fell back from the daily limit to about 6%, Huashang Securities' stock price rose by less than 5%, Oriental Securities briefly turned red, then fell underwater again, and Zhezhou Oriental also closed the daily limit again...

At 11:10, after the Shanghai Stock Exchange Index and ChiNext Index hit an increase of 0.5%, they began to receive short-term support, and the market once again fell into sideways fluctuations.

But even if the situation is turbulent...

The main capital flows in the core popular concept sectors of the two cities still show continuous net outflows, and large selling orders emerge one after another.

"Sure enough, the market was seriously suppressed by the potentially bad news that 'IPO is about to restart'." Seeing the market trend completely engulfing the intraday gains after the opening, at this moment, inside the Shenzhen Xinniu Fund Company, in the trading room , the fund manager Fang Xinsheng, who had been keeping an eye on the market, sighed secretly, and said helplessly, "It is difficult for the market to move unless the bad news materializes. What is even more speechless is that the regulators and analysts from various financial institutions are still here at this time. To bully the market, arouse emotions, and try to push the market to rebound is simply... with bad intentions!”

The market at this time obviously did not fall completely.

Such arousing emotions and pumping up shipments are completely consuming the investment confidence that the market has finally accumulated.

If this kind of investment confidence is seriously invested and exhausted, even if the subsequent bad news falls, it may be difficult to regain a sustained big market without the support of emotions and confidence.

"There is no way around this because of the information scissors." Next to Fang Xinsheng, general manager Liu Xin, who was also staring at the big screen in the trading room, lamented, "Retail investors can only see the news on the surface, and they can only follow the news on the surface. When investing in news, you are naturally one step behind the market. It is normal to be harvested in this way. After all... this is the ecology of the market! "

"Despite this, we must pay attention to sustainability!" Fang Xinsheng replied, "Such a continuous increase in shipments can be regarded as a waste of money."

"Who would think so much?" Liu Xin smiled, "Everyone is just looking at their own one-third of an acre of land."

Fang Xinsheng was silent for a while, smiled bitterly, and replied: "Yes, the financial trading market is inherently a place of emotional amplification and prisoner's dilemma. Everyone who enters the market is playing games, and its fundamental purpose is just to As for the profits in hand, few people care about the market situation or the macroeconomic situation.”

Liu Xin nodded slightly, changed the subject, and asked: "The news of the IPO restart in the market should have spread comprehensively. Look at this situation... The market trend in the afternoon is probably going to be even worse. Our fund's positions have been reduced to Is it at its lowest level? Although the market has fallen so much in the past two days, it feels like...as you said, once confidence collapses, the rebound will become elusive. We need to take all precautions to avoid Open the risk of market decline.”

"It has been reduced to the minimum position line." Fang Xinsheng said, "Even if the market subsequently stops falling, it will not have a big impact on the net value of our fund."

"That's good!" Liu Xin nodded.

Then, after a pause, he asked again: "Lao Fang, after the news of 'market IPO restart' came out, what do you think of the market trend? Do you think the upward trend can be restored?"

"It's difficult!" Fang Xinsheng said, "In this wave, there are too many chips at the top. If you want to release this part of the chips in the future, you need more powerful incremental funds, and incremental funds... are related to the market. Confidence has a strong relationship. When IPOs resume and the market’s biggest blood-sucking effect comes, it’s no surprise that investors’ confidence will improve.”

"There is not enough incremental capital to open up the situation and release this part of the trapped chips."

"Then we can only let this part of the bargaining chip loosen on its own, and we can't help but cut the flesh."

"Unfortunately, retail investors in the A-share market usually have an obvious characteristic, that is, they may not be able to hold on to profitable stocks, but there is a high probability that they can hold on to losing stocks."

"This leads to the market having to rely on self-regulation to loosen this part of the chips."

"The time and space oscillations of the adjustment will certainly not be small."

"Moreover, the areas where the market currently has obvious future expectations are basically concentrated in the 'mobile Internet' and 'smartphone industry chain' fields on the GEM. However, these two fields... have been subject to repeated hype before. All The stock prices of core popular stocks are high.”

“With the ‘IPO restart’, a huge vampire in the market, coming back..."

"These stocks will be significantly depressed by valuations."

"If there is no severe adjustment, or if future expectations are not further enhanced, these stocks will have no investment or gaming value at their current position."

"That is to say...there are no obvious investment opportunities in the current market as a whole."

"I'm thinking that this is also the reason why Fortune Road's funds, relying on the news of 'market IPO restart' and after eating the wave of 'securities and venture capital', resolutely cleared their positions."

"Although this capital is quite annoying..."

“However, his choices in market investment opportunities and timing of buying and selling are indeed admirable and must be admired!”

"So... Lao Fangqian is completely bearish on the market?" Liu Xin was a little surprised, "But you also said before that the market has the foundation and expectations of a bull market!"

Fang Xinsheng replied: "There is no contradiction between the two. After all, I am short on the market, which is a short- to medium-term strategy, and long on the market, which is a long-term strategy. It is just that as a fund management company, for the performance of the fund's net value, for the sake of the Investors who invest in us are responsible, they must choose the right time, and they must control the drawdown.”

If it is a long-term personal investment, he definitely does not recommend clearing out of the market at this time.

After all, no matter what...

After the continuous main line market relay in the second half of this year, the market has broken away from the previous lifeless and endless downward trend, and has the volume and emotional foundation of a long-term bull market. Moreover, the current Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index, and ChiNext Index have not seen any signs of decline from the bottom. No matter how much it rises, the overall market valuation will still be below 15 times. As long as long-term expectations improve further, market shocks and adjustments in the short and medium term can be overcome.

He believes that…the future can still be expected.

"Okay!" Liu Xin thought for a while and couldn't tell what was wrong with Fang Xinsheng's investment strategy. He replied, "Fund trading is your business, so I won't ask more about it."

As he spoke, he turned his attention back to the big screen in the trading room.

At this moment, the time has reached 11:30, and the market conditions of the two cities have been fixed. The Shanghai Stock Exchange Index has finally been fixed at an increase of 0.43%, while the ChiNext Index has been fixed at an increase of 0.23%. Both major indexes... have all given up. All gains in the market were extremely weak.

In addition to indexes, sectors and individual stocks.

The core hot sector, the securities sector index closed up at 0.12%. Except for Huashang Securities, which maintained a 3% increase due to favorable performance, and Huaxin Securities and Huatai Securities, which barely closed in the red, all other securities stocks were in a state of underwater decline, among which... Orient Securities closed down 4.73%, killing a large number of investors who were bargain hunting.

The venture capital concept sector was even worse than the securities. At the close of the midday trading, it had fallen from the intraday high of 1.14% to a drop of 0.89% underwater. For the core concept stocks, Zhejiang Dongfang hit the limit, Wanqi Enterprise fell 6%, and its stock price was already below the position before the launch, creating a new low for the stage. Dongfang Venture fell 5%, also killing a large number of investors who were bargain hunting. Shibei Hi-Tech, Zhangjiang Hi-Tech, and Luxin Venture Capital performed relatively strongly today and still maintained a slightly red state.

The core concept sectors related to "mobile Internet" and "smartphone industry chain"

The 'wearable devices' and 'Apple concept' sectors, which led the two markets before, have now fallen back most of their gains, and are now fixed at 0.56% and 0.44% respectively. The core concept stocks, Fenda Technology, rose 5.33%, Anjie Technology, rose 2.31%, Xinwei Communication, rose 1.87%, Goertek, rose 0.98%, and Crystal Optech, rose 0.76%...

The core concept sectors related to 'mobile Internet', which followed the changes of 'wearable devices' and 'Apple concept' before.

The 'mobile game' concept sector rose by 0.21%, and the related concept sectors such as 'Internet finance', 'network security', and 'mobile payment' were only slightly red, maintaining a situation similar to the opening. The core stocks in the related concept fields, such as Huaqingbao, Changqu Technology, Huake Jincai, Yinzhijie, Jinzheng Shares, Changliang Technology, Hengsheng Electronics, and Dongfang Fortune, all fell sharply after rising, and the performance of the main funds on the market showed a net outflow.

Faced with such a midday closing situation...

The vast market investor group, in addition to cursing, depression, and resentment, has become accustomed to it.

After all, this has been three consecutive days of diving and falling, and with all kinds of emotions intertwined, everyone has fully anticipated the miserable trend of the afternoon market, and they are clamoring to reduce and clear their positions.

Of course, at the same time, the relevant news about the "market IPO restart".

It also flowed into the ears of more investors from various so-called internal channels, casting a shadow on the already miserable market.

And in this situation where emotions are intertwined and potential negative factors are becoming more and more prominent.

At 1 pm, as soon as the market opened, it was sold by countless unknown main funds. Many popular stocks with abundant liquidity and indexes fell directly into the water without any resistance.

After that, the market was a unilateral downward trend without any surprise!

Finally, at 3 o'clock, when the market closed, the Shanghai Composite Index fell by 1.36%, falling below 2,300 points, and the four-day fluctuation reached a terrifying range of more than 200 points; the ChiNext Index fell by 1.77%, and the index fell to the 1,250-point range. Its killing degree and intraday fluctuation were even more exaggerated than the Shanghai Composite Index.

Of course, in addition to the index, there are related hot concept sectors and core hot stocks.

Its killing degree is even more terrifying.

"Fuck, is it over? This trend of falling sharply in recent days can be called a small stock market crash." Faced with such a tragic closing situation, Yanjing Shenhua Fund, inside the trading room, fund manager Chang Youli cursed again, "It has fallen back to the original point when it started, and it is still falling!"

The main holdings of the fund he managed did not have a red market today.

Even if there are stocks that are in the red market, their red market time is extremely short.

In addition, after the market plunged today, the subsequent market trend was completely a one-sided downward trend, and the liquidity of the two markets was even worse than yesterday.

He didn't sell much chips at all.

Of course, what was even more annoying was that he found that the stock of Oriental Securities, which his fund held heavily, had endless main selling orders today, competing with him for market liquidity.

At the same time, in Shanghai, inside Yinghui Fund.

Fund manager Liu Guanhai was also angry, depressed and irritable when he saw this market trend that was simply unbearable to watch.

Due to his greed, the main fund he managed, after all the warehouses were pressed into the "Securities" sector, began to reduce its position on a large scale when it plunged during yesterday's intraday trading.

Naturally, after such a short time.

In the market that collapsed completely, there was a lack of liquidity. He kept smashing and selling, desperately trying to sell at a loss. Until now, he has not sold all his chips. Moreover, due to the rapid decline of the market, the limit down and continuous sharp decline of related heavily-weighted stocks, all the securities stocks he heavily-weighted have fallen below the cost line and turned into a loss state.

This means...

In this round of market, he not only did not eat meat, but also got beaten.

Of course, what is more depressing is that he did not sell his net holdings, and in the future... he will most likely suffer losses, and it will also affect the net value performance of the fund.

"Hateful, hateful, really hateful!"

Liu Guanhai was extremely irritable in his heart. Facing this completely failed and miserable investment strategy, he really regretted it.

However, he also knew that things had come to this point, even if the result was unacceptable to him, he had to accept it, so... he gritted his teeth and managed to control his irritable emotions.

Unfortunately, when the new Dragon and Tiger list was refreshed at 5:30 pm, and Dongfang Securities was listed with a daily price increase deviation value of -7%, and the buying and selling seat data was disclosed, he could no longer suppress his suppressed irritability. He smashed the teacup in his hand with bloodshot eyes and roared: "Fuck... How could Fortune Road still be there?"

Same...

In Yanjing, inside Shenhua Fund, in the trading room.

Chang Youli stared at the refreshed Dragon and Tiger list, and saw that the seat of 'Huashang Securities Yuhang Fortune Road Sales Department' was still ranked third in the Oriental Securities sales, with a sales amount of more than 68 million. For a moment, he was also bloodshot and stunned in the same place. After a long time, he took a deep breath and cursed: "Fuck, smashing and selling every day... How many chips do you have hidden in this stock!"

A move missed the opportunity and fell behind step by step.

Facing the continuous pressure and smashing of Fortune Road, and not knowing how many chips the other party still had, he was really desperate.

What made him even more depressed was that Fortune Road was not the only stock on the list today.

In the field of "Securities and Venture Capital", Fortune Road was on the selling position of several popular core stocks that collapsed.

Although in general...

The selling volume of Fortune Road today was more than one level lower than yesterday, and there was no capital outflow of billions.

However, the emotional impact of the other party's continuous smashing of the market and the funds driven by the follow-up smashing were simply countless.

Of course, at the same time.

Countless major institutions, hot money, and retail investors who pay attention to the Dragon and Tiger List data were extremely shocked when they suddenly found that Fortune Road was still selling on a large scale.