Chapter 21: The Multi-Head Stampede
At 9:30, the two cities officially began trading.
Su Yu's netspeed technology climbed slightly upwards by 0.3 points, and then fell without resistance with the adjusted ChiNext index.
For ten minutes, Su Yu didn't see any big orders bought or sold.
"It seems that following the concept of 'mobile games' and the hype of one-day tours, the big money in the field has basically gone clean." Su Yu looked at the changes in the disk of Netspeed Technology, smiled, and said secretly in his heart, "Since there is no big capital dominating the disk and hiding it, you can build a position as you like." ”
In the current market, the trend of the Growth Enterprise Market (GEM) is much stronger than that of the Main Board.
However, at the end of this bear market, the main force of long-term funds that are still active in the market, and their eyes, as well as their main holdings, are still in the big blue chips, and there are many white horse stocks.
The so-called public offering of the regular army, everyone's understanding of the GEM market......
I still feel that this is dominated by floating capital, and it is a random speculation under the irrationality of the market, which is unsustainable and has no performance support.
Few mutual fund managers are able to do so at this time.
Aware that the way the market is valued is quietly changing; Aware of the background of 'mobile Internet' and '4G', there are countless concept stocks on the GEM that also have a huge opportunity to transform concepts into substantive performance and grow into a new generation of 'technology white horses'.
The biases of the market, and the lessons of the past.
As a result, the main institutions of the fund have perfectly stepped into the market in the first phase of the GEM.
It has also led to the outbreak of Netspeed Technology, which relies on the outbreak of 'mobile Internet' and the transformation of fundamentals and performance, in the initial stage, there is no large-scale position of any major fund institution.
Two accounts, a total of 2.069 million funds.
Su Yu will buy the order, split it into a list of less than 50 hands, and gradually sweep the disk sell orders of Netspeed Technology under the adjustment of the two markets today.
Neither pallet nor chase.
In the end, it took almost 20 minutes to buy all the more than 2 million funds, with an average cost of 24.80 yuan, and Liu Tianshui and Mr. Wang's accounts each held 400 hands.
After the position is opened......
Netspeed continues to follow the market fluctuations.
By 3 o'clock in the afternoon, under the influence of Hua Qingbao's violent shocks, falling 5 points, and the hype enthusiasm of the whole 'mobile game' concept.
In the end, Wangsu Technology fell 1.52% and its shares closed at 24.49.
In the all-day trading, in the transaction order trading records of Netspeed Technology, there were only 3 large orders of more than 1,000 hands, and there were no large orders of more than 3,000 hands.
This is a testament to the fact that the stock, after the exit of the speculation.
There is an extreme lack of attention from the main funding.
Su Yu's stock market trading record today closed with a loss of more than 2 points, and the wealth management account on behalf of customers also showed a drawdown for the first time.
But he looked at the Internet speed technology, which basically has no financial attention, and looked at the rebound of the market and the obvious exhaustion of the situation, and he didn't have any worries in his heart.
It's gold, and it always shines.
When the performance report of Netspeed Technology came out, when the future expectations and fundamentals of this stock were completely reversed under the performance of the performance report.
The money speculated in the market will definitely flock in.
Stocks like this, which are purely driven by performance and fundamentals, and do not have too many good stories to tell, are good things when there is no main capital lurking before the wind rises.
This shows that after the performance is landed......
Driven by the rapid establishment of a large number of funds, its stock price has more explosive potential and sustainability.
Therefore, the trend before the announcement of the performance report, no matter the ups and downs, for Su Yu, he will not care too much, at this time, after having figured out the chip agency in the field of the check, he only needs to wait patiently, verify his investment logic, and wait for all kinds of funds to carry the sedan chair.
In a sense......
He can be regarded as the main force hidden in this stock, but the amount of trading funds of his main force is only one market size, which cannot have a huge impact on its stock price.
After briefly reviewing the stock market trading situation, Su Yu quickly turned his attention to the gold trading disk.
I saw that after the shock of the Asian market, the price trend of gold has returned to the downward trend, and even the weak over-fall rebound has not been able to last long.
Entering the European trading session, the price of gold fell into a rapid downward trend at the beginning of the session.
In one fell swoop, it broke through the $1475 support.
Su Yu looked at the near-unilateral plunge of gold, and then looked at the total funds in the account that had expanded to more than $30,200, as well as more than 24,000 free margins.
Directly near $1474, another pending order was placed to short sell 6 lots of gold, and the stop loss was set at $1481.
After increasing his position again, the available margin of his account reached more than $19,000, and the overall position level was still in the low-risk area.
At more than 5 o'clock in the afternoon, after the European trading began to enter the peak hours.
Gold's decline began to widen further.
The entire market, all the bulls, saw that the price of gold deviated farther and farther away from the bull and bear line of $1,500, and saw that the vast majority of investment banking institutions in the world began to be bearish on the market and began to stop losses and cut positions.
So far...... The terrifying multi-kill situation is coming.
At 6:20 p.m., the price of gold quickly broke through $1,450, plummeting more than 300 points from Friday's close.
The bulls are desperate, and the entire gold trading market has turned short.
After the gold effectively broke through $1,450, Su Yu continued to increase his position by 10 hands of gold short orders near the $1,449.3 position, when the account's free margin had expanded to more than $51,600, and maximized the account profit within the range of low-risk positions.
Gold trading market, all technical indicators, fundamentals, market sentiment, disk long and short patterns.
All of them have shown a unilateral bearish pattern.
In this situation, Su Yu knew that if he did not force all the bullish forces piled up above $1,500 in the market to step out of the market, the plunge of gold would not stop.
So......
Although he continued to increase his position with the help of expanding profits in the gold crash, in fact, the risk was not great under the position level below 30% of the total funds.
In his forecast, gold will have to digest the bullish power that has been piling up above $1,500 for 2 years.
Without pulling out a decline of more than 1,000 points, that is, the space distance for a plunge of more than $100, it is impossible to completely destroy the strength and confidence of the bulls in the market.
And......
At this stage, the bullish prisoner's dilemma has emerged.
No matter how determined the long position holders, in the face of the complete collapse of market confidence and the limit loss of the account, they will passively join the trading group of liquidation and stop-loss.
As a result, the stampede of the market will be deepened step by step, and the plunge of gold will be increased.
Only the bullish stop-loss power that tramples on each other in the field will be consumed by the market in the plunge of gold, and the plunge of gold will slowly stop.
At 6:40, the price of gold broke through the $1,440 level and continued to extend its losses.
Su Yu looked at the relevant domestic gold trading forums and the comment area of financial websites at this time, and saw that long investors and bottom-buying investors who liquidated their positions abounded.
"It's not yet the U.S. market trading session, and the trend of gold is really terrifying."
"I've plummeted by more than 400 points, and my account has been liquidated, hey...... I thought that I could carry through Friday, and today I could reduce some losses with the help of the over-falling rebound, but I didn't expect ......"
"Hey, in the same way, I also replenished the margin, and the result was also liquidated."
"I should have known that I should have decisively stopped the loss, and I shouldn't have carried the order."
"Who would have thought that the price of gold could fall like this? For two consecutive trading days, this decline was ...... It's almost catching up with the decline of A-share stocks, it's unbelievable! ”
"The 08 financial crisis, I haven't fallen so badly, I can't understand it."
"Yes, there is no particularly significant negative in the market, gold suddenly collapsed, and people can't understand the logic at all!"
"Depending on the situation, today's gold price decline will not be smaller than Friday's."
"Hey, the continuous plunge proves that gold has really entered a bear market, everyone...... All long orders, quickly stop loss, the gold bear market opens, there is no bottom. ”
"It's a market stampede, right?"
"This unilateral plunge is obviously a trampling, hey...... In the early stage, various institutions, media, and major Vs all sang about gold, resulting in a large number of gold investors piling up above $1,500, and now ...... The price of gold has completely fallen below $1,500, can it not be stepped on? ”
"The bulls don't die, and the decline doesn't stop."
"The gold trend at this moment really fully interprets this sentence."
"Go short, go short with your backhand, take advantage of the trend, and maybe you can recover some losses."
"The short-term gold price has plummeted too much, and this is the time to enter the market and go short...... I'm afraid that a quick rebound will be knocked off the stop loss! ”
In countless discussions, the market sentiment has changed more and more to the bears.
The situation of killing and stampede in the market is becoming more and more serious, resulting in the decline of gold and continuing to expand.
At 8:36 p.m., the price of gold hit $1,430, plummeting more than 530 points, surpassing Friday's all-day decline in gold and continuing to record the 'largest decline in four years'.
Then enter the U.S. market......
The global market was shaken, and the American gold bullish institutions and investors continued to cut their positions and stop losses.
The price trend of gold, in the despair of global gold bull investors, plunged further, refreshing the record of 'the largest decline in 4 years'.
Su Yu did not increase his position after the price of gold fell below $1,430.
Instead, they silently waited for the storm of market bulls trampling on each other to pass, and then after the decline of gold slowed down, they concentrated on closing positions and taking profits.
In his attention......
At 1:52 a.m., gold fell below $1,415.
At 2:32 a.m., gold fell below the $1,400 mark, continuing to further expand the panic in the market.
After gold effectively fell below $1,400, that is, in the second half of the U.S. trading time, Su Yu thought that the stampede of the market bulls should have been released at about the same time.
The trend of gold has not only failed to slow down, but has completely lost control.