Chapter 411: Selling Under Panic!

"Damn it, this opening state of the market is really crazy. The two core themes of 'infrastructure' and 'state-owned enterprise reform' actually led the two markets down?"

Seeing the market opening like this, the comment area where retail investors gathered on the trading platform exploded in an instant.

"All of the concept stocks held by Mr. Su's 'Fortune Road' have collapsed. What's going on?"

"Damn it, this plate... is too scary!"

"'Big Finance' has finally led the way, can you believe it? The two core themes of 'infrastructure' and 'state-owned enterprise reform' are really killing people!"

"When the IPO market restarts, shouldn't it be small-cap shell stocks that will fall? Why did the two main lines of 'infrastructure' and 'state-owned enterprise reform' collapse?"

"There's no reason, it just went up too much!"

"The main reason is that Mr. Su's 'Wealth Road' has been sold out, right?"

"Hey, yesterday I had a bad day, and today it dropped to the limit again at the opening. I suddenly lost more than 30% in two days. My luck... is unmatched by anyone else."

"Me too. Fortunately, my mentality has exploded."

"Fortunately, the price dropped by the limit at the opening, which means there will be no more losses today."

"That's all I can do to comfort myself, but looking at the opening, the market is probably at risk of plummeting today."

"It opened 1.5% lower at the opening. Isn't this a plunge? Look at the performance of individual stocks in the two main areas of 'infrastructure' and 'state-owned enterprise reform.' The two main areas of 'state-owned enterprise reform' have a total turnover of 70 billion. How much money has been buried in this?"

“All the funds purchased yesterday were locked up, and I don’t know how much is left.”

"Hey, let's stop the loss without thinking. I feel like this wave... the index may fall back to 2,000 points."

"Last time, the index fell from around 2,500 points, and it took almost four months for the index to adjust before it recovered. This time... the adjustment time may not be short."

"Anyway, this year's market situation is probably hopeless."

"According to the index's previous historical performance, there is definitely nothing we can count on in the short term."

"Sell, sell... If you don't stop the loss decisively at this time, the losses will definitely be more serious in the future. The blunt knife cutting the flesh after the plunge is often the most terrifying."

"Yes, I was trapped in a trap in the early stage because I kept hesitating and was reluctant to stop the loss."

"We will definitely not repeat the same mistakes this time."

"Hey, if you want to sell, you have to be able to sell it. Look at the series of large sell orders with 10,000 lots on the Beixin Road and Bridge and Beijiang Communications Construction boards that have dropped to the limit. Even if you place an order, you can't get out at all."

"What the hell, big funds have channel advantages. This is really unfair."

"There is nothing absolutely fair in this market. If you have money, you can also buy a priority channel from a securities firm. I heard that the annual channel fee for VIP-level second-level order placement channels is 10 million or 20 million. "

"I'll go...is it so expensive?"

"Expensive means expensive. For example, at this time, the priority channel comes in handy."

"Yes, for these big funds, if you go faster by one second, you can save hundreds or tens of millions of losses. Similarly, when you are lining up the daily limit order, you can increase the amount by just one second faster. Profit of hundreds of millions, so looking at it this way...the VIP channel fee of tens of millions a year is really nothing to these big funds in the market."

"Hey, we retail investors have no advantage in the news channel, and we retail investors have no advantage in the order trading channel. If we co-author... we should just be leeks?"

“In the financial trading market, isn’t it just the big fish eating the small fish?”

"It's true that the big fish eats the small fish, but this time...it seems that Mr. Su, the big fish in the market, is also trapped, right?"

"Mr. Su is trapped? What do you say?"

"Obviously, according to the positions announced by the two main funds of the 'Yu Hang Group' at the end of April, the two main funds managed by Mr. Su are on the two core lines of 'infrastructure' and 'state-owned enterprise reform', but the total holdings are Over 10 billion, and as time went into May, until yesterday, Mr. Su’s path to wealth 'The seats only appeared once on yesterday's Dragon and Tiger list. Mr. Su's two major trading seats sold a total of 880 million yesterday. This sales volume seems to be explosive, but compared with Mr. Su's 'Infrastructure', ' The holding capacity of these two core main lines of state-owned enterprise reform is often worth tens of billions, which is really nothing.”

"Looking at the market trend reaction, it is obvious...the negative effects of the IPO restart in the market came very suddenly."

"Although there is a small amount of funds, I feel that I have responded in advance, but it is only a few hours or a day in advance at most. And according to this trading time, it is definitely impossible to reduce all positions of Mr. Su's large positions. Therefore... I dare to conclude that Mr. Su definitely still has a lot of positions to hold on the two core themes of 'infrastructure' and 'state-owned enterprise reform'."

"I think this is also the reason why the opening of the two main areas of 'infrastructure' and 'state-owned enterprise reform' dropped so sharply today, and the call auction trend was far weaker than the market performance. After all, everyone is afraid that Mr. Su will continue to smash the market, and those who were originally willing to take over the market Because of this reason, no one dared to accept the funds, and because of this reason, all the funds that were originally intended to be sold were sold crazily and ran away in advance. "

"The analysis is reasonable. The two core main lines of the market, 'infrastructure' and 'state-owned enterprise reform', opened so much lower today, and there is no takeover on the market. Indeed, this reason accounts for a large factor."

"If Mr. Su still has a large amount of chips in the field, shouldn't he be more afraid?"

"How is that possible? Mr. Su has already shown his firm intention to reduce positions on the Dragon and Tiger List. With such a huge selling power in his hands, who wouldn't be afraid?"

"It is recommended that everyone avoid the two core themes of 'infrastructure' and 'state-owned enterprise reform'!"

"Damn it, a phoenix in trouble is worse than a chicken!"

"No wonder Beixin Road and Bridge, Beijiang Communications Construction, Shanghai Construction Engineering... and many other stocks are stuck at the lower limit and are motionless. Alas... Yesterday, the market prices of the two main lines of 'infrastructure' and 'state-owned enterprise reform' were chasing higher. I’m really suffering, I don’t know how many times I’m going to suffer now.”

"The three checks of Beixin Road and Bridge, Beijiang Communications Construction, and Shanghai Sanmao can only wait until next week. It will definitely be difficult to open the limit today."

“I don’t know who released the bad news about ‘market IPO restart’.”

"Yes, it seems that the regulators have not publicly stated this news so far. Could it be a rumor? If it is a rumor... then the market rebound is coming."

"What are you thinking? How could it be a rumor?"

"If the rumors are true, why are there so many big funds in the market that they keep selling like crazy?"

"If it was a rumor, the supervisory authorities would have clarified it long ago, and they would not have been so silent. You must know that silence is actually equivalent to acquiescence."

"I just hope that this bad news will come to fruition as soon as possible. It is too painful to speculate like this."

"Indeed, I feel like I know I'm going to be tortured, but the knife just won't come down, and my heart keeps clenching. It's really painful."

"Hey, I don't know what the regulators are thinking. Since the rumors have already spread everywhere, what's the use of hiding it? Maybe the news will be announced directly, the bad news will be eliminated, and the market trend will not be like this Oops, I just kept everyone guessing, and the more they guessed, the more panicked they became.”

"This is not the first time the regulators have acted in a shady manner. It's no surprise."

"Actually, I think a sharp fall is better than a negative fall. I'm really fed up with the negative fall pattern."

"I'm afraid that after the sharp decline, it will continue to fall again. Hasn't the market in the past two years been trending like this? Alas... Anyway, from now on, I will not believe any 'bull market' remarks, and I will still follow my own trading The operating mode is that after each round of overslumping in the market, it is better to just take a bite and go.”

"It makes sense, damn it... every time I try to figure it out, I end up losing money."

"I am the same. The stock I have held for the longest period of time has trapped me the most and I have lost 70%. Now I am so cruel that I can't cut my flesh. This knife... it hurts so much." ”

"Fortunately, Mr. Su clearly reminded us to reduce our positions this time, haha... Compared with the main funds, our retail investors are actually not without advantages. After all, the ship is small and easy to turn around. When we see that the situation is not right, it only takes 10 seconds to fill or short positions. It’s enough, it’s not as difficult as the main funds coming in and out.”

"Haha... This advantage is only useful for large-cap stocks."

"Yes, on the small ticket, it's just like Beixin Road and Bridge and Beijiang Communications Construction, which hit the limit at the opening today. Damn... I put the limit down at midnight last night to pay the bill, and I couldn't get out."

"Leading stocks really rise violently and fall even more violently."

"The trading technique of leading the market is basically a dance on the tip of a knife. For those with a weak heart and unable to decisively stop profits and losses, this operation is not recommended."

"Hey, I lost 30% in two days. I'm scared. I won't dare to do this next time."

"In fact, no matter how you operate, you will end up losing money."

"Yes, at this time, staying away from the stock market is the only correct way. Just wait until the real 'bull market' comes and then come back. This should be able to outperform 99% of people."

"Is there any real 'bull market'? Don't have such expectations."

During the short five-minute suspension period from 9:25 to 9:30, the comment area of ​​the trading platform refreshed rapidly, and pessimistic remarks and opinions became more and more intense.

And be affected by speech and emotions.

Potential selling orders in the market continued to accumulate rapidly during these five minutes; similarly, potential bargain-hunting orders on and off-site also brewed during these five minutes and continued to decay, causing the market to be bullish. The air force becomes further unbalanced as time goes by.

Finally, when 9:30 came, the market ushered in the official continuous bidding trading moment.

The stagnant market in the two cities started to jump, and it went straight down.

Within just one minute, the Shanghai Stock Exchange Index broke through the 2360 point, extending the decline to 2%. At the same time, the Shenzhen Stock Exchange Index and the ChiNext Index also expanded their limits instantly, heading towards the 2% drop position.

As for the main areas of the two cities, in the direction of industry sectors and concept sectors.

The main areas of 'infrastructure' and 'state-owned enterprise reform' that were first hit by massive selling, including a series of core sectors such as 'building materials, architectural decoration, real estate, steel, cement, public transportation', etc., all their conceptual sector indexes appeared The instantaneous explosive volume plummeted.

Secondly, the two main lines of 'mobile Internet' and 'smartphone industry chain' also experienced a passive decline in volume, and panic selling sentiment in major concept sectors continued to soar.

Immediately afterwards, 'restructuring backdoor', 'ST sector', etc., which are strongly related to the IPO restart of the market.

At this moment, it also plummeted and the concentrated selling was extremely obvious.

At this time, when most of the concept sectors in the two cities were all concentrated in a burst of decline, the so-called weak safe-haven areas, such as the "big finance", "consumption", and "medicine" concept sectors, which had previously shown weakness in the market's continuous rebound and were abandoned by a large number of main funds, stood out in the stage of the market's decline after the opening, and slowly recovered against the trend, attracting safe-haven funds inside and outside the market.

Of course, at this time when the market conditions in the two cities are changing rapidly and the styles are switching.

The areas where the loss effect is most obvious in the market, the selling volume is most concentrated, and the areas where the majority of investors in the market complain the most are still the high-priced hot concept stock areas that have been continuously hyped in the early stage, such as "infrastructure", "state-owned enterprise reform", "Shanghai Free Trade Zone", "high-speed rail", and "Internet finance".

After all, the high-priced hot concept stocks in these areas have accumulated the most serious profit-taking, which is precisely the most serious in the entire market.

At this moment, when the market's long and short directions are fully turned.

The lethality caused by this huge profit-taking selling to these stocks is naturally the greatest in the market.

Almost within a minute, under the unanimous selling sentiment, the top 15 popular concept stocks in these concept sectors were all rushed to the limit, directly causing the lack of liquidity of all high-priced stocks.

At 9:31, the number of stocks that hit the limit in the two markets increased from 9 to 15.

At 9:32, the core large-cap stock in the field of "infrastructure", MCC, was directly hit the limit, with a turnover of 286 million. Within ten seconds, the limit-down orders increased from 7,200 to 367,000, and as time went on, they were still increasing crazily.

At 9:33, the limit-down orders on MCC reached 923,000, completely blocking the limit-down.

At 9:34, the Shanghai Composite Index fell by 2.2%, and the Shenzhen Composite Index and the ChiNext Index fell by more than 2%. The two markets continued to show a unilateral downward trend.

At 9:35, China Fortune Land Development hit the limit, becoming the first large-cap stock with a market value of more than 20 billion in the real estate sector to hit the limit.

At 9:36, Gemdale Group's decline widened to 7%, Kumho Group approached the limit, and the entire real estate sector index fell to 3.75%.

At 9:37, China Construction's decline approached 5%, and the transaction volume exceeded 500 million.

At 9:38, China Communications Construction's decline widened to more than 7%, and there were 10 consecutive large orders of 10,000 lots on the market.

At 9:40, the two core themes of "infrastructure" and "state-owned enterprise reform" and the main capital flows of all related industry sectors, the net outflow of funds reached 1.67 billion.

At 9:45, the Shanghai Composite Index fell to 2.5%, and the panic selling sentiment in the two markets deepened further.

At 9:50, the real estate, steel, and cement sectors all fell by more than 4.5%. Huaxin Cement and Bayi Steel hit the limit, and the panic selling sentiment in the market had completely spread to all industry sectors and concept sectors in the two cities. Only 20 minutes after the opening, the net selling volume of funds in the two cities reached 5.336 billion.

At 9:55, the Shanghai Composite Index broke through 2340 points, and the number of stocks that hit the limit in the two cities went straight to the mark of 30.

At this moment, seeing the unilateral plunge trend of such a situation after the market opened.

In the Magic City, inside Yinghui Fund Company, in the trading room of the ‘Yinghui No. 1’ fund product, a decisive reduction trading strategy has been made, but it has not been executed yet. It is still locked in the market with a heavy position. The fund manager Liu Guanhai, who is bearing the risk of a market crash, can't help but take a breath of cold air, and stood up from the chair in front of the desk with an extremely ugly face. He gritted his teeth and asked Yu Lei, the head of the trading team: "How much has it been reduced?"