"The Shanghai trade is still open with a falling limit!"

Seeing the initial call auction results of the two cities, inside Yuhang Investment, in the trading room, Li Meng said with some surprise: "Yesterday's pry board and follow-up funds were all buried, so after the stock price peaked...... The trend of falling all the way is really rare, and part of the funds held in the market are simply like crazy stampede selling. ”

"When this check peaked last Friday, the amount of energy released was too large, and then the entire market active funds recedered on the main hype line of the 'Shanghai Free Trade Zone', and then superimposed on the differentiation of the hype concept of 'over-falling rebound' at the end of yesterday...... "Su Yu replied, "It is normal to be trampled and sold one after another." ”

"But...... After yesterday's large-scale pry board, this check, its intraday selling chips, has loosened a lot. ”

"According to the still good investment sentiment in the two markets, as well as everyone's expectation for the index to continue to rebound."

"This check should bounce off the limit today."

"It's just that the hot spot of the entire market, as well as the area of capital gathering, has long been out of the 'Shanghai Free Trade Zone' line, even if this check opens the fall limit again today, the final rebound is very limited, even if it is used as an ultra-short-term strategy to buy the bottom...... The profit and loss ratio is actually not high. ”

"Okay......"

After Su Yu analyzed the stock of Shanghai Trade and Trade, he paused, and said: "The current time and space adjustment of the line of 'Shanghai Free Trade Zone' is far from enough, and the market is in this main line direction, and there is no new blockbuster benefit, so there is no need to pay too much attention." ”

"Let's focus on the line of 'restructuring and backdoor', as well as the line of the 'pan-mobile Internet' field of the GEM."

"There should be a clear divergence in the market today."

"Whether it is the concept of 'restructuring backdoor' or the concept of 'pan-mobile Internet', it will enter the knockout stage of hype, and the trend of the stronger will be reflected today."

"Hmm!" Li Mengying said, "At the end of yesterday, there were signs of differentiation in the market. ”

"When the trend enters this stage...... Wang Can also answered next to him, "we should enter the concentration of positions and weaken them, right?" ”

Su Yu nodded and replied with a smile: "That's pretty much what it means, at present, our fund holds a total of 46 stocks, relatively speaking, it is still relatively scattered, of course...... This dispersion is also caused by the fact that we cannot concentrate too many chips on one or two stocks in an instant, and we are forced to do so. ”

"But now, when the market has its first emotional divergence, the market is divided."

"You're going to have to adjust."

For a mainline concept speculation market, usually the initial stage is driven by a few two or three leading stocks, and then ushered in a general rise situation.

In this situation, in fact, there is not much difference between holding ordinary concept stocks and leading stocks.

However, when the funds are fully involved in this speculative market, everyone is aware of this opportunity, and the market begins to discuss the specific stock expectations and fundamentals under this hype market, it will be natural to have emotional differentiation and market differentiation.

And at this stage......

Under the same hot concept, the trend of concept stocks with different textures and different expectations is relatively different.

Often the speculation expectation is still very strong, the popularity is extremely high, and the core concept stocks with deep involvement of the main funds will re-establish the chip structure after cleaning up a wave of profits, and become stronger and stronger, and then climb to new highs; Concept stocks, which often have less hype expectations, will gradually fall back in this stage of emotional differentiation, and even quickly fall back to the original point as the hype of concept hotspots declines.

Therefore, once in the concept of hype, when the market comes to a point of divergence.

It is necessary to make a reasonable position adjustment, to remove the weak and retain the strong, in order to better reap more profits and occupy more initiative in the main line of speculation.

"Good!" Wang Can responded, "One of us staring at the market of 5 stocks should be able to cope with it." ”

'Yuhang No. 1' Fund, among all the stocks held, in fact, except for the core 15 stocks, the number of other stocks is not much.

Su Yu's request to go weak and stay strong is mainly for these concept stocks with a small number of positions.

Therefore, in the case that the number of chips held is very small compared to the market value of its stocks and the proportion of disk liquidity, it is not difficult for the trading team to keep an eye on the market of 5 stocks.

And with a brief discussion among the crowd.

The time has come to 9:20, and the two cities have entered the real call auction link that cannot be cancelled.

I saw that the vast majority of stocks in the two cities opened at the same time before, and in the 5-minute time change, there was a clear differentiation.

In the main line of the concept of "Shanghai Free Trade Zone", the core stocks that have fallen excessively, such as Waigaoqiao, Anxin Trust, Shanghai Trade, etc., have rebounded slightly compared with the beginning of the call auction at 9:15, especially the Shanghai Trade Fall Limit has opened again, and the low opening range is about 8%.

In the main line of the concept of "restructuring backdoor", the seven or eight concept stocks that opened with a one-word price limit, except for Far Eastern Group Shares, Rongshun Software, and Xinwei Group, also maintained a one-word price limit, and the others have opened the price limit, and the stock price has fallen back to a position ranging from 5 to 9 points.

'Pan-mobile Internet' field.

In the concept of 'mobile games', Hua Qingbao and Changqu Technology rose from 9:15 to about 5%; In the concept of "Apple Industry Chain", Fenda Technology, Anjie Technology, O-film Technology and other votes, the increase has also dropped from the highest 7 or 8 points at the beginning of the call auction to less than 5 points; 'Film and Television Media' concept sector, Huayi Brothers still maintains a one-word board because of the good acquisition, while stocks such as LeTV, Light Limited Media, Wasu Media, etc., have risen from the initial 6 or 7 points to 2 or 3 points.

Others, such as the 'Internet finance' concept plate, the 'mobile payment' concept plate, the 'electronic information' concept plate, the '4G network construction, network security' concept plate, and the rise of its related concept stocks are only a few that can be maintained above the red plate, and the rest ...... It has already started to turn green.

Immediately after that, 9:21, 9:22, 9:23......

With the further passage of call auction time, the differentiation of related concept stocks in the two cities has further intensified.

In the end, when the call auction between the two cities ended at 9:25, in addition to the popular stocks related to the core concept hotspots, they also maintained a consistent high opening trend, and the others, which are not very strong, and have rebounded sharply for two days, have opened lower.

At the same time, the three major indexes are under the influence of the trend of the market market.

In the end, it also changed from the expected overall high opening trend to a slightly low opening ending.

"The market continues to diverge......"

Seeing such an opening result, inside Yanjing, Anlan Fund, and in the trading room, Xie Wanting frowned slightly: "The market is changing too fast, right?" From the full-scale outbreak to the emotional differentiation, it took only two trading days, and I originally thought that the line of 'restructuring backdoor' should continue for a while, but now I look at it...... The estimated height is very limited. ”

"The core point is still on the hot concepts related to the GEM." Zhou Guohua, who was standing behind her, pondered for a moment and said, "And after the guidance of the main funds related to the Dragon and Tiger List yesterday, during today's call auction, there are more and more signs of funds converging on the hot concepts related to the GEM." ”

"Then we ......" Xie Wanting paused and asked.

Zhou Guohua didn't wait for her to speak, and continued: "Take advantage of the divergent market sentiment to continue to increase the weight of the holdings of popular constituent stocks related to the GEM!" ”

"Since the trend of the market, it is still continuing to converge in the direction of the GEM."

"The so-called divergence point is not the point of reducing positions, but the point of increasing positions."

"Of course, the current expectation of a recession in the 'restructuring backdoor' line, as you said...... The speculation space of the follow-up line is probably very limited, and after a round of divergence, even if the market can continue, it is also a matter of the core leading stocks of related concepts. ”

"And the real core of the leading stocks ......"

"Today's call auction stage is still in the form of a one-word limit, and we have no chance to intervene at all."

"Therefore, the investment cost performance of this line is not very cost-effective for us, I think...... In terms of opportunity selection, it is more appropriate to give up the continued investment of the line of 'restructuring and backdoor', and put the main investment focus on the GEM. ”

"Hmm!" Xie Wanting responded, "I have the same idea as the teacher. ”

In the current market, there are three main lines of conceptual hype.

The main line of speculation in the 'Shanghai Free Trade Zone' is not fully adjusted in time and space, the chip structure is scattered, and there is no new positive support, in this case, it is simply impossible to attract the main funds to continue to speculate in this direction; Although the speculation of 'restructuring backdoor' is not bad, the investment cost performance is not very high when it has risen sharply for two consecutive days and its essential fundamentals have not improved.

On the contrary, it is in the direction of the GEM......

Many core hot concepts, and their related core concept stocks, whether it is the overall outbreak of the industry, or the fundamental change expectation of the stock, are quite strong, plus the entire GEM in April to July, has come out of the upward trend of Lingli, there is a historical reference.

Compared with the other two main hype concepts, it has the possibility of continuous market outbreak.

"As for the target......

Zhou Guohua glanced at the time, thought for a while, and said: "According to the industry information disclosed by the market one after another, 'mobile games' must be the most explosive, and in its monthly industry report, mobile games with a monthly turnover of tens of millions are being added every month, and the overall monthly turnover has increased by more than 20% month-on-month." ”

"Such an explosion of demand, as well as the overall performance of explosive performance."

"The stock price of related stocks, even if it is already several times high, is difficult not to rise under the increase in expectations."

"It's a pity that the time for us to lay out and grab chips in this field is too short, and compared with Fortune Road and Jiefang South Road, we are too hesitant and don't get too many chips."

"Now Fortune Road and Jiefang South Road are fully heavily positioned in this field, and there are not many high-quality chips left."

"If we want to continue to increase our positions on a large scale, I am afraid that the cost of buying will be much higher than that of the other two main funds, and we will not be able to control the market at all, and we will not have the market dominance."

"Therefore, my suggestion is that in this field, we should stop grabbing and increasing positions at a large scale, and if there is a chance, we will absorb chips low, and forget it if we don't have a chance."

"My main idea ......"

"I still think that we should make a large-scale breakthrough in the field of 'Apple industry chain' and 'wearable devices', that is, 'smart terminal devices'."

"In the field of intelligent terminal equipment?" Xie Wanting muttered, thoughtful.

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