"From the real to the imaginary ......"

Su Yu browsed the views that everyone was arguing on the financial forum, smiled, and said secretly: "There is a certain amount of truth, but at this time, at the high point of the market's chasing the GEM sentiment, it seems really inappropriate to openly sing long the GEM index." ”

In Su Yu's view, although the future expectations of many core stocks on the GEM are much clearer than the so-called high-performing stocks and blue-chip stocks on the main board, they also need to be anchored by valuation, that is, the overall valuation of the GEM cannot be too far away from the average valuation of the main board and the entire market.

At this moment, the scissors difference between the GEM and the main board has risen enough.

Moreover, among the constituent stocks of the Growth Enterprise Market, the more than a dozen core popular stocks with the strongest future expectations, the highest investor attention, and the deepest involvement of large funds from all walks of life, have basically risen by one to two times in four months since March, that is, their stock prices have reflected future expectations.

In the case that there is no new positive follow-up and no corresponding performance increase to meet expectations.

Especially in the case that the overall average valuation of the two cities has not been greatly improved, and the entire market is still a stock game, these popular stocks want to continue to go up independently and go out of a period of 'March to July'...... It's impossible.

In other words......

Without the support of incremental funds, in the case that the Shanghai Index is still not moving, the GEM index is at a position of more than 1,200 points, and there is not much room to continue to go up.

In fact, the current emotional reaction of the entire market also illustrates this in disguise.

Whether it is a long-term trend market or a short-term speculation market, as long as the mood reaches a wave of extreme climax, and the expectations of the entire market begin to become quite consistent and highly consistent, then it is time for the market to end, or the market is about to pull back sharply, and the big money begins to take profits and take profits, and it is time to readjust the chip structure in the market.

"Mr. Su ......"

In Su Yu's contemplation, Li Meng tilted his head and said: "Today's market trend is turning a little fast, in the strategic analysis, many brokerage institutions have begun to be optimistic about the direction of the gem, 'mobile games', 'Internet finance', 'smart wearable devices', 'mobile payment' and other fields of investment, as if ......"

"It's like a spring breeze coming overnight, isn't it?" Su Yu smiled and replied, "Institutions, it's always been a right-side investment, which is normal, but ...... Today's market sentiment, in many core hot concepts of the GEM, there are indeed some traces of overheating, I think, many popular stocks, should be to build a short-term top range. ”

When Li Meng heard this, he asked, "That is to say...... We need to gradually reduce our holdings of targets that have risen too much in the short term and withdraw some of our funds, right? ”

"Yes!" Su Yu nodded, "From tomorrow, the more it rises, the more it decreases, and the stocks that have risen a lot recently and have received strong attention from many institutional funds in the market will gradually reduce to about sixty percent of the current position, and then wait for the next adjustment, and then add back the reduced positions at a low level." ”

For these tickets......

The current share price reflects expectations, but its long-term expectations for the future remain positive.

That is to say, the long-term logic that supports the stock price has not changed, but the short-term increase in the stock price is too large, and the change in expectations has not kept up with the increase in the stock price, resulting in a huge demand for the stock price in the short term.

So, Su Yu is strategic.

I didn't plan to completely reduce my holdings of these stocks, but I planned to reduce it to a suitable position that could be attacked and defended, and then I would look for opportunities.

"Okay!" Li Meng replied and wrote down the incident.

She also believes that the current investment sentiment of these popular stocks is somewhat overheated, and the short-term gains are huge, and there is a possibility of a sharp correction.

"Oh, yes......"

Li Meng paused and continued: "I have searched through various discussion topics on the Internet, as well as various news on the financial network, and still I haven't seen anyone mention the matter of the 'Shanghai Free Trade Zone', not even a trace of messages and rumors, and since we have been in Waigaoqiao, Lujiazui, Shanghai Trading, Shanghai-Hong Kong Group, Pudong Jinqiao, Jinjiang Investment...... On these stocks, after the position is completed, for so long, I haven't seen any big money to care for and grab these stocks, I think, this matter is not too sensitive, in fact, ......"

"Wait a little longer!" Su Yu interrupted Li Meng's words, "These stocks, during this time, have not fallen much, we are lurking, the loss is not large, whether it is the cost of holding a position, or the cost of time, it is acceptable, and if you observe it for a week or two, if there is still no movement, you can retreat." ”

Development according to the historical trajectory.

Su Yu estimates that after entering August, within a week at the latest, many institutions and large capital players who have received a little inside information should take action.

"Okay!" Li Meng replied softly.

She didn't really have much hope for this.

It's just that Su Yu has insisted repeatedly, coupled with the position of the fund on it, it is true that there is not much loss, and what is lost is only some time cost and opportunity cost, so there is no need for her to continue to resolutely oppose it.

During the discussion between the two, 5:30 p.m. arrived, and the new Dragon and Tiger list was refreshed.

I saw that Shanghai Ganglian and Huake Jincai have been on the list, and among the remaining popular stocks on the GEM, Huaqingbao, Changqu Technology and Fenda Technology have also been on the list.

"Shanghai Ganglian, today is the main seal of Hongqiao Road in Shanghai!"

After seeing the dragon and tiger list refreshed by the Shanghai Iron and Steel Federation, some investors who paid attention to this check sighed: "After Hongqiao Road left the market the day before yesterday, I didn't expect it to come back today, and the main purchase volume of today's funds is larger than the amount he sold the day before yesterday." ”

"To be honest, this dragon and tiger list is a bit unexpected!"

"Hongqiao Road kills back, which proves that Hongqiao Road thinks that the market of Shanghai Ganglian is far from the end!"

"It's a good thing that Hongqiao Road is closed, this road doesn't like to smash the market, and although the pattern is far less than that of Fortune Road, it can be regarded as the main capital in the market where strength and pattern coexist."

"Today, Fortune Road and Shaoxing Branch of Zheshang Securities have not appeared on the Dragon and Tiger list, this is a locked position, right?"

"The lock-up of Fortune Road is expected, but I didn't expect that the capital of Shaoxing Branch, with a volume of more than 48 million, is actually not out."

"Does this mean that Shaoxing Branch is indeed another associated seat of Fortune Road?"

"It should be the associated seat, but I'm not sure about the Shaoxing branch, is it the Fortune Road himself operating?"

"That shouldn't be, after all, before Fortune Road, Shaoxing Branch has appeared on the Dragon and Tiger list many times, and this guy has never been linked to Fortune Road before, so it's probably just this time of cooperation, right?"

"Anyway, it's a good thing that the two bigwigs lock up together."

"Yes, the Fortune Road lock-up, I feel at ease, this proves that the Shanghai Iron and Steel Union can continue to hold it, and ...... I believe that the 50 yuan mark will inevitably be trampled under the feet of the Shanghai Steel Federation. ”

"Although Fortune Road did not appear on the Dragon and Tiger List today, but Fusheng Road appeared, you see the follow-up stocks of Shanghai Ganglian, which is the data of Huake Jincai's Dragon and Tiger List, Fusheng Road does T on Huake Jincai, which should also show that Fortune Road is still optimistic about the follow-up trend of Shanghai Ganglian, right?"

"Haha...... Really! ”

"How can we now regain the road and the road to wealth, and no longer link up with the same stock?"

"I don't know, but according to the previous data of the Dragon and Tiger List, these two seats are definitely operated by the same person, because the consistency is too strong."

"Fortune Road, Shaoxing Branch locked, Fusheng Road did T, Hongqiao Road was high-level main seal, plus Fenda Technology, Changqu Technology Dragon and Tiger List, there were three institutional seats at the same time...... Tomorrow's market, there should be no need to worry too much, the Shanghai Steel Union can definitely be connected to the board, and the gem is definitely still the index plate with the strongest money-making effect in the two cities. ”

"That's for sure, judging from the Dragon and Tiger list, the bigwigs of the tour capital are obviously more concentrated on the core popular stocks of the GEM, but on the main board, the stocks on the list are very poor, even if they are good stocks for the resumption of trading, there are basically no overly strong tour capitals on the list."

"Today, the GEM has reached a new annual high, and there is no hedging in the follow-up, and it will definitely go more smoothly."

"Well, the GEM above 1,200 points is indeed not a trap."

"The key is that institutions have also begun to be optimistic about the market of the GEM, coupled with the speculation of the capital, the GEM is now a total of more than 200 stocks, and it is difficult for the index not to rise, and in the context of the IPO can not be restarted, the GEM these emerging industry stocks are scarce, I think the follow-up GEM index catches up with the Shanghai market, there is no problem at all."

"Yes, now I still hold the old concept and hold the big guys on the main board to speculate in stocks, it's really not good."

The majority of retail investors in the market, in the discussion of the data of the Dragon and Tiger List, the topic has gradually shifted, and it has been crooked to the follow-up market of the Growth Enterprise Market, as well as many core popular stocks and core popular sectors.

And in the midst of this high-pitched emotion......

The next day, Thursday, August 1, Shanghai Ganglian, Huake Jincai, Tianyu Information, Huaqingbao, Changqu Technology, Fenda Technology, and Wangsu Technology ...... At the beginning of the call auction, a large amount of funds were rushed to raise funds, and they opened sharply.

Among them, the Shanghai Ganglian actually opened on the daily limit, and the stock price was reported at 48.21 yuan, an increase of 9.99%.

"One-word price limit?"

Su Yu stared at the highly consistent call auction of the Shanghai Ganglian, and was very surprised: "The initial 11,000 hand sealed orders, this is more intense than the emotional consistency I expected!" ”

"However, if you want to continue your vitality and go up to a certain height, you can't shrink here."

Thinking about it, Su Yu immediately put out a sell order of 10,000 hands at the 7% increase price, that is, at the position of 46.90 yuan, suppressed emotions, and prepared to open the situation of its one-word price limit, press down the stock price, and deliberately create some differences at the emotional high.

After all, this is only August 1, and there are still almost ten trading days before the main line of the 'Shanghai Free Trade Zone' appears.

The market of the Shanghai Ganglian continues, and before the new blockbuster is announced, it is necessary to stick to the main line of the "Shanghai Free Trade Zone".

At this point in time, you can't shrink and accelerate, and directly exhaust your emotions in a wave.

According to Su Yu's trading concept, he wants to completely disclose the news of the Shanghai Ganglian market to the "Shanghai Free Trade Zone", seek the greatest benefits on this stock, and at the same time borrow the "Shanghai Free Trade Zone", a magnificent macro speculation main line, to ship.

So, at this time......

He is resolutely not going to let the Shanghai Steel Federation shrink the volume, and then form a chip break, directly exhaust the emotions in a wave, and get out of the irretrievable huge top situation.

With his 10,000 sell orders, it appeared on the call auction of the Shanghai Ganglian.

I saw that the 11,000 hand sealed orders that originally blocked the daily limit were sharply reduced to 892 hands in an instant, and the call auction of 48.21 yuan was matched into a single order, which instantly increased from the initial 315 hands to 11,436 hands.

Subsequently, it was accompanied by countless people canceling orders.

However, in 5 seconds, the Shanghai Ganglian one-word price limit pattern was destroyed, and its stock price also fell from 48.21 yuan, flash to 46.89 yuan, an increase of 6.99%, and the matching of the documents also changed from 11436 hands at 48.21 yuan to 1512 hands, and above 46.89 yuan, 10211 hands of the main sell order suppressed the disk, blocking the Shanghai Ganglian's stock price upward bidding.

9:16, 9:17, 9:18......

Su Yu did not cancel the order, and still allowed the order of 10,000 hands to be pressed at the price of 46.90 yuan.

At this stage, the share price of Shanghai Ganglian has fallen step by step to 46.63 yuan, an increase of 6.42%, and the matching of the call auction has also increased from more than 1,500 hands to more than 2,700 hands, and the previous main selling suppression has become the main buying support.

Below 46.63 yuan, there was a 3,100-lot main buy order.

Immediately after that, the time entered 9:19, and when everyone realized that there was a strong order below, many funds began to bid upwards again.

46.63 yuan, 46.73 yuan, 46.83 yuan......

At 9:19, in the last fifteen seconds, the share price of Shanghai Ganglian touched 46.89 yuan again, and Su Yu's 10,000 hand pressure order hanging at 46.90 yuan was once again revealed.

"Will the order be cancelled?"

When I saw the position of 46.90 yuan, the 10,000 hand pressure order appeared again, and all investors who paid attention to the Shanghai Ganglian disk had the same question in their hearts, because the 10,000 hand list was withdrawn or not, which will directly affect the next call auction trend of the Shanghai Ganglian and the overall sentiment change in the field.

9:19:47, 9:19:50, 9:19:52......

When the hearts of many investors are in their throats, when the Shanghai Ganglian's call bidding and matching orders quickly soared to more than 4,600 hands, when 9:20 is coming.

In everyone's field of vision, the 10,000 hand orders that stood across the disk and prevented the Shanghai Ganglian stock price from continuing to move upwards finally disappeared.

Subsequently, the time arrives at 9:20, and the call auction time that cannot be cancelled begins.

The share price of Shanghai Ganglian lost its obstacles and jumped over the 47 yuan mark in an instant.