Chapter 702 All Declines Are to Lure Short Sellers!

"Yes!" Shao Xiaoyun was also puzzled, "There is no bad news in the market news!"

Liu Changling pondered for a while and continued: "It may be that the current expectations of investors inside and outside the market are too high. At this time, since everyone believes that the market is already in a state of full 'bull market', then no good news is equivalent to bad news. If the market index cannot open high and go high, it is equivalent to weakness.

In addition, everyone should still have psychological shadows about the market crash the day before.

Once the index is blocked at 3,300 points and there is no confirmation on the macro news, If there is a qualitative heavyweight positive support, then everyone can't help but think about it.

With the shadow of the previous day's plunge.

Today's market is below 3300 points, and it is easy to understand that the bulls are declining.

Hey, it seems that the index may still have to go back to the plunge low two days ago, and then determine the support position of the callback. Our increase in positions yesterday... seems to be a bit too hasty. "

"3200 points to 3300 points here, forming a new shock platform?" Hearing Liu Changling's analysis, Shao Xiaoyun roughly understood what he meant and asked with a frown.

Liu Changling thought about it and nodded slightly: "It's very likely!"

"Fuck..." Shao Xiaoyun couldn't help but curse, "The trend of the index is really bad!"

Their fund has passively increased its positions twice recently, and basically bought near the 3300 point position, which is near the two highest points of the index.

This has caused them to be completely passive at the moment.

Therefore, when Shao Xiaoyun saw that the index was not advancing but retreating, and there was a high probability that it would continue to adjust, he could not help but curse.

"What should we do now?" After a few seconds of silence, Shao Xiaoyun continued, "Should we reduce our positions again?"

Liu Changling thought about it and responded: "It is not appropriate to reduce our positions to avoid the possible downward adjustment range. Since the overall trend of the market is still in the 'bull market' pattern, and the multiple positive factors that can be expected in the future are still there, then even if the index falls briefly, it will rebound quickly like the trend of the past two days. Although we did not grasp the opportunity to continuously increase our positions.

However, in terms of the overall strategy of increasing positions, it cannot be said to be wrong.

After all, from the perspective of the medium- and long-term goals of the future market, the stock chips we have obtained at present still have a high cost-effectiveness. , and there is a high probability that you can make money.

So, my suggestion is...

Since we missed the best time to reduce our positions before, and now the index has relatively adjusted to the intraday low, we can only continue to hold the chips and wait for the market to clear this part of the concentrated selling, and then rebound again with the help of the continuous incremental funds group. "

"Ah..." Hearing Liu Changling's words, Shao Xiaoyun couldn't help but sigh again and said, "In a volatile situation, once you step on the wrong rhythm, it is indeed easy to be harvested by the market back and forth. In this case... Then I will listen to you, hold the chips first, hold back the retreat, and see the subsequent trend of the market. "

After speaking, Shao Xiaoyun turned his eyes to the trading disk of the two cities again.

At this time, the market trading time has moved to around 9:50.

After 20 minutes of trading time after the opening, when the core main lines of "big finance", "big infrastructure", "big consumption", and "technological growth" were fully shut down and adjusted.

The Shanghai Composite Index has fallen below the 1% mark, reaching a drop of 1.17%.

At the same time, the index point has also fallen back to around 3240 points, completely falling below the psychological barrier of 3250 points for bullish investors.

However, fortunately...

When the index fell rapidly, the volume performance of the two markets was obviously smaller than yesterday.

Although the trend of the time-sharing chart is somewhat similar to the unilateral plunge two days ago, the volume performance is obviously different.

This shows that the market is concentrated on selling volume at this moment.

Although it can still suppress the volume of bullish funds, it has been greatly weakened compared with the previous two days.

This also indirectly shows that in this range of index points, a large part of the free selling volume has indeed been cleaned up and washed away in the early stage.

Of course, as a group of novice retail investors who have just entered the market in the past month or even half a month.

It cannot be analyzed to this point.

There are also countless retail investors with limited knowledge of the market, and they cannot recognize this step.

Therefore, when the major market indexes were obviously falling in volume, these retail investors were still following suit and selling out of panic.

"The intraday volume has gradually declined."

Unlike these retail investors with limited knowledge, as professional investors in the market, many major capital institutions in the institutional investment group at this moment have clearly discovered this change in the market. Among them, Yuhang, in the main fund trading room of 'Jingda Investment', Lin Tingzong, the fund manager of the company's main fund products, smiled and said: "At this time, the volume began to decline. If I am not wrong... This wave of selling in the early trading today should just be a trap for short selling."

"Trick for short selling?" Next to Lin Tingzong, the company's general manager Gu Chijiang was slightly surprised.

Lin Tingzong nodded and continued: "Otherwise, it would make no sense that the stronger the index is, the more the capacity is shrinking. This can only show that the core main financial groups in the market, especially those who hold a number of popular weight stocks, have main line weight components. The super main financial institutions of stocks have not sold off on a large scale at all.

From the perspective of energy changes...

The ones who concentrated on buying and selling this morning were still the short-term profit-taking funds deposited in the market, as well as the arbitrage-unwinding funds that had recently solved their arbitrage.

Of course, there are also some speculative capital groups that adjust positions and exchange shares.

After all, according to the market trend in early trading, concept stocks of small and medium-sized caps are obviously stronger than heavy-weighted large-cap stocks.

Historically, concept stocks of small and medium-sized caps have been the areas where hot money from large investors in the market concentrates on speculation.

Since the super main financial groups in the market are still basically in a locked-up state, the index... naturally cannot fall very deep under the profit-taking and arbitrage selling that has been cleaned up and laundered. "

"Well, the changes in volume and energy are indeed significantly different from the plummeting two days ago, and compared within the same time period." After hearing Lin Tingzong's analysis, Gu Chijiang stared at the two markets and carefully observed them for a while before continuing to reply. He said, "It seems...it does seem like he was tempted to wash the dishes."

"After 10 o'clock, the time-sharing volume can hit the bottom, and the index should rebound quickly." Lin Tingzong continued to observe the market for a while and said, "Mr. Gu, this should be a good buying point."

Gu Chijiang chuckled and said: "It's a pity that our fund holdings have reached the highest position."

"We can take this opportunity to further adjust the position structure." Lin Tingzong continued with bright eyes, "November 17 is the official opening day of the 'Shanghai-Hong Kong Stock Connect'. This date is already very close now. If If there are no accidents, the market should change before this happens.

According to the market trends in the past few days...

The expected direction of the change can only be upward.

While the index has fully crossed the 3,300-point mark upwards, it still cannot lack the driving force of the core main line of 'big finance'. "

When Gu Chijiang heard this, he smiled and said: "Tingzong, do you want to continue to increase the weight of our fund in the direction of 'big finance'?"

Lin Tingzong nodded and continued: "To be precise, it is to increase the weight of our positions in the two major sectors of 'Securities' and 'Internet Finance', and fully eliminate our holdings in the banking and insurance sectors."

"If we adjust positions like this, our positions will be too concentrated." Gu Chijiang said, "The risk of holding positions will become very high."

Lin Tingzong said: "By doing this, although the risk of holding positions will increase, the flexibility of the fund's net value will also increase significantly. In my opinion, the two major sectors of 'securities' and 'Internet finance' will be foreseeable." Under the influence of many subsequent positive developments, they are definitely the two most core market sectors at the end of the year.

The basic logic of benchmarking the ‘bull market’.

Compare the average valuations of ‘security’ stocks during the last bull market.

At this stage, although the "Securities" sector has already risen a lot, leading stocks like "Western Securities and Oriental Securities" have also doubled their prices from the bottom.

However, its follow-up expected space is still huge!

At this time, further concentrated holdings, compared with the huge risks that may exist with a small probability, and the huge profits with a greater probability are obviously more worthy of the game.

And the ‘Internet Finance’ sector.

The hype logic of both 'mobile Internet' and 'big finance' is the main line. Although it has risen a lot, it is still the core sector with the highest market elasticity and the highest degree of capital concentration. I don't know the core component stocks within this sector. What is the reasonable valuation of .

But I can clearly feel the position of this plate.

Especially for stocks like 'Flush, Oriental Fortune, Great Wisdom, Jinzheng Shares, Yinjie Technology, Hengsheng Electronics...', it is obvious that this position will not be the top range.

It feels like the major financial groups have much higher expectations for this sector than the ‘securities’ sector.

I think this is also the fundamental reason why Jiefang South Road dares to continue to increase its positions on a large scale at the high daily limit.

It is said that "a bear market focuses on quality, and a bull market focuses on momentum." Since we firmly believe that this is a bull market, we should be consistent in our words and deeds, follow the strongest main line of the market's main funds, to fully harvest market profits and expand the scope of our fund products. The net profit has laid the foundation for the development of our organization in one fell swoop. "

"Okay!" Gu Chijiang nodded, "Just do as you say."

The trading decision to further concentrate his positions in the securities sector and the Internet financial sector, after seeing the crazy trends of these two core sectors in recent times, although he was a little worried about continuing to increase his position in the core stocks of these two sectors at high levels. , but also obviously a little moved.

And after these few months of precise operation.

Today, the net worth of their institution's main funds has ranked among the top 50 in this year's private equity fund performance rankings.

Just try harder.

In the year-end net worth settlement, it ranked among the top 20 fund product performance rankings in the industry.

Then, with the brilliant performance, their institution's subsequent asset management scale and new fund product issuance scale will definitely continue to take a big step forward.

Lin Tingzong was very happy to see Gu Chijiang agreed to his idea. He smiled and turned sideways, and quickly ordered the trading team in the trading room to quickly sell the stocks held in the banking and insurance sectors, as well as those stocks that have been weaker than the Shanghai Composite Index in the recent market trend.

Then use the funds from the sale.

At this moment, at a relatively low intraday level, concentrate on buying the core stocks of the "securities" and "Internet finance" sectors that he just mentioned and have been tested by the market recently.

Fortunately, both the banking and insurance sectors have sufficient liquidity at the moment.

In addition, the scale of their fund products is not very large, so this kind of local adjustment and stock exchange is not troublesome to execute, and it will not have much impact on the overall market.

But it seems that the market has spirituality.

When Lin Tingzong just issued the trading order, the traders in each group just tapped the keyboard to sell the bank and insurance component stocks they held, as well as many weak "big financial" component stocks.

The core weight stocks in the main areas of "big finance", "big consumption", "big infrastructure" and "technological growth", which have been weak since the beginning of the session, have begun to stop falling and rebound.

First, "Western Securities" ushered in a huge wave of buying, and the intraday decline narrowed instantly.

Then, under the leadership of "Western Securities", a number of stocks in the securities sector followed suit and rebounded, and the sector's intraday volume also expanded simultaneously.

Then, when the "securities" sector moved abnormally.

The "Internet Finance" sector related to it naturally rebounded quickly.

Among them, "Tonghuashun" quickly rose in volume, and in a few minutes, it quickly returned to the intraday high.

After that, "Oriental Fortune" turned red from underwater, and "China Railway" broke out a continuous main buying super large order of 10,000 hands.

And when "China Railway" moved.

Correspondingly, the weighted stocks of the main line of "China Construction, China Railway Construction, China Communications Construction, China Metallurgical, China South Locomotive, China Northern Locomotive, China Baosteel, etc.", which are "China-headed" stocks, also moved, and a large number of main buying funds burst out.

And driven by these "China-headed" stocks.

Building decoration, building materials, steel, commercial real estate development, machinery and equipment, public transportation, non-automobile transportation, etc., these corresponding industry sector indexes also rose rapidly.

Then, the main lines of the core concepts of "Eurasian Economic Belt", "New Era Road, Maritime Silk Road", and "Reform and Restructuring of Central Enterprises and State-owned Enterprises" also exploded.

Then, when the market trading time entered 10 o'clock.

Under the sudden and extremely large main buying funds group.

The Shanghai Composite Index quickly rose, recovering nearly 0.75% of the increase, successfully narrowing the intraday decline to less than 0.5%, completely bankrupting the "big crash" expected by many pessimistic investors.

"The buying volume just now is very large. Which super main force has entered the market?"

At 10:02 am, in the main fund trading room of Yuhang, Yuhang Investment Company, Wang Can, who was staring at the market and waiting for the opportunity to grab stocks at the intraday low, suddenly exclaimed in surprise and said anxiously: "Old Zhao, the intraday buying point you mentioned before should be now, right?"

"Yes, it's now!" Zhao Lijun nodded.

Then, without saying much, he quickly issued corresponding buying orders to the members of the trading team behind him, leading everyone to use their own operating accounts to carry out intraday bottom-hunting on a small scale, and then do intraday buying and selling transactions.

Wang Can couldn't help but chuckle when he heard what Zhao Lijun said. He tapped the keyboard with his fingers and used the remaining available funds in his account to buy at the market price on the three stocks of 'Western Securities, Oriental Fortune, and Flush' that he already held.

Then, when the funds in his hand were poured onto the market.

The stock prices of the three stocks have risen by about 0.3%. Among them, the stock price of 'Flush' has risen straight to a position close to the new high at the beginning of the trading session.

Moreover, seeing the overall recovery of the core main line of the market.

Seeing that the major core stocks and weighted component stocks that fell in unison at the beginning of the trading session have risen all the way under the attack of the huge amount of buying orders that suddenly emerged from nowhere.

The bullish sentiment inside and outside the market has changed again in an instant.

The large number of retail investors who were hesitant before and felt that the market was likely to replicate the plunge in the previous two days have also become radical again.

"Fuck, what happened just now? Why did the index rise straight up instantly?"

When the hot core main lines of the market once again concentrated and the amount of buying funds expanded rapidly again, countless retail investors gathered in the discussion area of ​​the trading platform were also dumbfounded at this moment, and their hearts were greatly shocked, and they all showed shocked expressions.

"Is there a super main force institution that just increased its position violently?"

"Yes, and it is an indiscriminate violent increase in position. Just now, many core weight stocks have moved synchronously, which is too fucking exaggerated."

"Such a large range of synchronous movement feels like a program."

"It should be the main force of a state-owned institution entering the market."

"No matter what the background of the funds that just pulled the market, this courage... is really fucking strong."

"I don't know if you have noticed that as long as the index falls, super-main buying funds like the one just now will emerge in an endless stream."

"This shows that there are quite a few main funds that missed the market!"

"Look at the key points of the problem. This shows that the index can't fall at all."

"It also shows that the market is a 'bull market', a complete 'bull market' pattern."

"Look at the 'Securities' sector, damn... it's straight red, the 'Huatou Capital' check is almost at the high point of the morning session."

"It has to be said that the strength of the market depends on securities."

"The 'Internet Finance' sector is obviously stronger, and the 'Tonghuashun' check is about to rise again. It's going to be a new high, it's really an 'indestructible cockroach'! It's a pity that I was too scared in the early trading and didn't dare to follow the market decisively. "

"Damn, the market trend this morning is really amazing."

"Where are those who said that the market would fall sharply today? Why are they silent now?"

"The bears' faces are really slapped!"

"If the index can't fall, it can only rise, right? I don't believe that the index can stay flat in this narrow range."

"It definitely can't stay flat, 3300 points must be taken."

"Fuck, 'Western Securities' turned red, I shouldn't have bought the bottom before 10 o'clock."

"Fuck, I feel like I sold it wrong again, hey... I should have kept it if I had known earlier. I was really harvested by the main force back and forth."

"What's going on? Is this a trap for short selling in the morning trading today?"

"Needless to say, the killing trend in the first half hour of the morning trading is definitely a trap for short selling."

"Securities and Internet finance are really explosive. They are either at new highs or on the way to new highs. People who hold the leading stocks in these two sectors are so lucky. Unfortunately... my stocks are still stuck."

"It's better to act than to be moved. In such a good market, you must hold the main leading stocks to quickly make up for the losses. Weak stocks cannot be held for a long time. You must know... the weak will always be weak! This is also the truth I have realized recently. I was already deeply trapped by more than 50% before, and I decisively cut my position and chased Enter the stock of 'Tonghuashun'. Now, the previous losses have basically been made up, and there is a high probability that there will be profits in the future. "

"For the 'Tonghuashun' check, maybe the sky is the limit?"

"I can't operate according to the previous method. I found that in this market stage, I must hold stocks. No matter how the market fluctuates, I must not buy them."

"Of course, 'bull market holding stocks' can make huge profits. Do you think it's nonsense?"

"After this wave of index correction, it should be impossible to step back again? There is a high probability that it will rush straight to 3,300 points in the future?"

"It will definitely rush straight to 3,300 points!"

In the extremely intense and heated discussions among these large retail investors.

At 10:16, the Shanghai Composite Index recovered all the losses during the session and turned red again, returning to the top of the opening position, leaving a V-shaped trend.

Moreover, when the Shanghai Composite Index quickly recovered the losses during the session and successfully turned red.

The Shenzhen Composite Index and the ChiNext Index also followed the red and rose.

And the SME Index, which has always been the market's leading index, did not fall back, but instead continued to rise, straightly crossing the 1% increase position.

This shows that this wave of explosive volume rise is purely the work of the incremental capital group.

There is no siphoning of liquidity in the field of small-cap concept stocks.

Of course, in addition to the performance of the index, the main lines of major market weights and hot main lines have changed the weak form at the beginning of the session, actively rising across the board, and rushing towards the intraday high position.

And at this minute.

The stock of "Tonghuashun", which was violently scrambled by the capital group again, was once again blocked on the daily limit board with an extremely strong momentum, and was continuously bought by the main buying orders of 10,000 hands.

Immediately after "Tonghuashun" once again reached the daily limit.

At 10:17, the entire "Internet Finance" sector index and its corresponding concept core stocks once again broke out in a concentrated manner, and refreshed the intraday highs in a straight-line rise. At the same time, it once again aggressively occupied the concept sectors of the two cities and the top positions of the individual stock increase list.