"The index has eleven consecutive yangs, and the GEM index has hit a record high since the index was opened, and the bull market is really coming!"

Passionate and incomparably excited market investors, in the major financial communities, stock forums hot discussions, between the words, full of expectations for the future market.

"There is no doubt that the GEM refers to the fact that it has almost doubled from the bottom to the present, an absolute bull market."

"It's just that the Shanghai Index didn't move much."

"This round is obviously a bull market on the GEM, and the future market is likely to be on the GEM, and the Shanghai Index has been dragged by the GEM index, and it is not too normal to not move much."

"It can't be said that every round of a full-fledged bull market is usually the first move by small- and mid-cap stocks."

"Yes, yes, the elephant dances, usually after the middle of the bull market."

"Looking back on the last round of comprehensive bull market, the core main line is the 'non-ferrous cycle' stocks, and this round should be the emerging economic field dominated by the 'mobile Internet' and 'smartphone industry chain', right?"

"That's for sure, the market has already made its choice."

"Looking at Hua Qingbao's rally, I'm afraid it's the 'Huaguo Divine Ship' of the last round of bull market!"

"Hua Qingbao's volume is not enough, if the core driving sector of this round of bull market is the gem, it should be said that Internet speed technology can benchmark the 'Huaguo Shenship'."

"LETV is not bad,Mr. Jia is ambitious,To rely on LETV's member users,Build an ecological company,It's not good,LETV will be the next'Ahri Baba' group。

"I am also optimistic about LeTV, and I feel that the future potential of this company is really unlimited, and there is great hope of becoming a giant."

"Didn't anyone mention Fenda Technology? Benchmarking Apple's wearable device business direction, this is also a huge market of 100 billion yuan in the future, and the growth rate of the wearable device market in the second and third quarters of the country has exceeded the expectations of market investors. ”

"There is also Tianyu Information, hugging the two thighs of 'mobile' and 'telecommunications', coupled with the tide of IC card replacement in banks across the country, this is an absolute hegemon in the field of mobile payment."

"Yes, the field of mobile payment in the future is definitely a major investment direction."

"And what about the field of 'Internet finance'? Isn't anyone paying attention? In the 4G era and the mobile Internet era, the financial system should also usher in major changes, right? ”

"I suddenly feel that there are a lot of bull stocks in the market!"

"These bull stocks are basically the stocks held by the 'Yuhang No. 1' fund in charge of Fortune Road, right?"

"It's true, I have to say that Fortune Road is a real bull, whether it is long-term or short-term, it is the top level of the market, and there are a lot of bull stocks picked out."

"Otherwise, how can there be a ten-fold performance of the 'Yuhang No. 1' fund in three months?"

"According to the direction of the market, Fortune Road will probably be the biggest winner in the market, right?"

"Already, it is estimated that during this time, the net value of the 'Yuhang No. 1' fund has climbed to a new height and refreshed the profit record of private equity funds."

"Didn't Mr. Su of Fortune Road set up a new fund?"

"Let's guess, how will Mr. Su build a position next? Will you still chase the two main lines of 'mobile Internet' and 'smartphone industry chain'? ”

"Definitely, this is definitely the main line market with the most potential in this bull market."

"I also think that Mr. Su will definitely chase these two lines, after all, ...... The money-making effect here in the market is the strongest, and continuous chasing positions can also lift the sedan chair for the old fund. ”

"If Mr. Su really chases his position, then in the current market, the chips of these bull stocks will be even more scarce."

"In a bull market, high-quality chips are always scarce."

"What else is there to say? I will buy it tomorrow, and follow Mr. Su, there must be meat to eat. ”

"The Dragon and Tiger List is out, look at the Dragon and Tiger List!"

In the fierce discussion, the time reached half past five in the afternoon, so everyone's eyes quickly converged on the refreshed dragon and tiger list.

"Sure enough, Fortune Road continues to lock up positions."

"Jiefang South Road is no longer sold, and institutions are continuing to increase their positions in the two main lines of 'mobile Internet' and 'smartphone industry chain'!"

"Hua Qingbao didn't make the list."

"The price limit board was smashed in seconds, and the increase was only closed at 6.5%, and it was not on the list, which is normal!"

"Who will smash Hua Qingbao? Institutions? ”

"There are a lot of funds and institutions in Huaqingbao, it's hard to say, but it will definitely not be a wealth road."

"It's good that it doesn't stop rising, and it's good that it doesn't stop, like this...... The market continued until the third quarter report came out, and the new space opened up again. ”

"Yes, overall, everything continues to be on the right track."

"The unsightly trend yesterday is reversed today, a bull market, it must be a bull market!"

"Well, who said that the market peaked yesterday, and today's face is loud enough, right? What else is the 'tombstone line'? This is obviously a 'fairy guiding the way', okay! ”

"No matter the bull market, the bear market, or that sentence, if you can't get rich, I won't get out!"

"As long as I don't see Fortune Road selling on the Dragon and Tiger list, then I will keep locking up my position until I am old."

Under the data of the Dragon and Tiger List, which perfectly meets everyone's expectations, the investment sentiment of the entire market has further become hot and aggressive after the announcement of the Dragon and Tiger List.

Even, many people have been yelling at financing leverages to enter the market, snatching high-quality chips in the market and the like.

Of course, among them, there are also a very small number of people, looking at the market in a hot mood, has not been able to significantly increase the turnover, and is faintly worried about the market outlook.

"I don't know why, this market is getting higher and higher, and I ...... On the contrary, I felt a little apprehensive. In the atmosphere of the excitement of the market investors, everyone has almost concluded that the bull market has come, at this moment in the Shenzhen market, Xin Niu Fund Company, the fund manager of the Manniu No. 1 Fund Fang Xinsheng roughly browsed the market discussion topics on the whole network, and sighed, "The overall sentiment of the market is very fast, but the turnover is not rising, and there is no new large amount of money entering the market. ”

"What do you think is the reason why the mood has risen, but the turnover has not risen?"

Next to Fang Xinsheng, the founder and general manager of Xinniu Fund Company, Liu Xin pondered for a moment and asked.

Fang Xinsheng smiled and replied almost without any thought: "It's still a matter of market style and the fundamentals of various industries, in the current market, active funds are all piled up in the main lines of the concepts of 'mobile Internet', 'smartphone industry chain' and 'restructuring backdoor'. ”

"However, these main concepts include basically all small and mid-cap stocks."

"Compared with the core blue chips of the large market, as well as many white horse stocks, these small and medium-cap concept stocks can't carry much money at all."

"What's more...... After repeated speculation, the core stocks of these major concepts are currently at a short-term absolute high level, and many major funds are not willing to take over in this position. ”

"This has led to this seemingly hot field, even though the trading is very active."

"But the turnover has not been able to expand significantly."

"In addition to other lines in these fields, although the position is low, it is not expected, and the money-making effect is not strong, compared with these high-level conceptual main lines, it is more difficult to attract capital intervention."

"This has caused the main funds in the market to find the right time to intervene, resulting in the overall turnover of the market, which has not been able to rise."

"Well, the problem you are talking about does exist." Liu Xin responded.

"What worries me even more is that if the turnover has not been able ......to rise," Fang Xinsheng paused and continued, "The expectations and stock price growth space of the main lines of the concepts of 'mobile Internet', 'smartphone industry chain', and 'restructuring backdoor' will be further consumed, and the funds in these fields will be further reduced." ”

"Then these few conceptual threads can't pull the overall market and the overall mood."

"At that time, the market situation and sentiment will inevitably reverse, and the long and short situation will be completely different."

"So...... Do you think bull markets don't exist? Liu Xin pondered for a while and continued to ask.

Fang Xinsheng smiled and said: "The turnover of the two cities of 100 billion can't support any bull market, in front of real money, any emotions and expectations are fake." ”

"The two main concepts of 'mobile Internet' and 'smart phone industry chain', driven by the change in investor expectations and changes in industry fundamentals, have walked out of an independent market, which is indeed commendable, but this major field, at present, has not completely driven the entire market!"

"In other words, this is the point that does not drive the entire market."

"In this way, at the moment when these two main lines have been hyped to the peak of emotion, not only is it not the time when the market takes off, the valuation increases, and the bull market arrives, but when the market is facing adjustment, which is very dangerous."

"So...... Do you want to reduce your position? Liu Xin asked again.

"Yes!" Fang Xinsheng nodded, "I want to reduce the position of our fund." ”

Liu Xin pondered for a while, but had different thoughts in his heart: "But the main position of our fund is not the current hot speculation, and I feel that it has been overdrawn in the field of 'mobile Internet' and 'smart phone industry chain', and the core position of our fund, this round, has not risen much." ”

"When the sand is down, no place is safe." Fang Xinsheng said, "After reducing the position, with the adjustment of the market, we will re-select the investment target, which is a good strategy for the net value of the fund......

"We can't chase the two main concepts of 'mobile Internet' and 'smartphone industry chain' at a high level."

"Well, the profit is also very limited."

"Rather than that, before the risk arrives, we should withdraw the funds first and wait for the next suitable opportunity."

"The next suitable opportunity ......" Liu Xin thought about it and said with a smile, "Xinsheng, you must already have an idea in your heart, right?" ”

Fang Xinsheng bowed slightly and said, "After the market adjusts, I want to ...... Let's switch back to the field of 'Internet finance'. ”

Before the net value of the 'Yuhang No. 1' fund was not announced.

The reason why their fund company's 'Manniu No. 1' can occupy the first place in the annual performance list of the net value of the private equity fund is because they seized the opportunity of the outbreak of 'Internet finance' when the GEM rebounded in the early stage, but later in the 'Shanghai Free Trade Zone', as well as the current 'mobile Internet' and 'smart phone industry chain', these concepts of the main line market, lagged behind, and failed to grasp it.

That's why it was overtaken by the 'Yuhang No. 1' fund all the way and completely reduced to a supporting role.

But now, after thinking about it carefully, Fang Xinsheng decided to adjust his strategy and refocus on investing in the areas he is good at.

"Switch back to 'Internet finance'?" Liu Xin was a little surprised, "Xinsheng thinks there are huge investment opportunities in this field?" ”

Fang Xinsheng nodded and said: "This is inevitable, the country's slogan of 'financial innovation, financial technology' has not been shouted for a long time, and relevant policies are constantly being introduced, and the previous hype ...... I guess it's just a warm-up, and the opportunities in this field are definitely huge. ”

"It's just that after we invested in this field before, we chased the line of 'Shanghai Free Trade Zone'."

"Wrong pace of the market."

"Missed out on a lot of high-quality equity investment opportunities in this space."

"So, I think this time...... First withdraw the funds, and when the market really enters the adjustment cycle, I can get back all the chips we lost in our positions. ”

Liu Xin pondered for a while, thinking about what Fang Xinsheng said, there was also a certain amount of truth.

Moreover, they do not grasp the core main line of the market at present, and they do not make much profit, and when they reduce their positions and take profits in this position, waiting for the follow-up market adjustment, more clear investment opportunities are indeed stronger than doing nothing at present and continuing to wait and see market changes.

"Okay!" After pondering for a while, Liu Xin nodded, "Follow your thoughts." ”

In the hands of Fang Xinsheng, the company's 'Manniu No. 1' fund was able to once top the annual performance list of private equity funds, making his fund company famous in the domestic private equity industry.

Between the conversations between the two, the discussion in the market continued, and the noise and cries of the bull market continued.

And in the evening......

This kind of hustle and bustle and cries have become louder and louder, and investors' hearts and expectations for the market outlook are becoming more and more hot, and even many investors have in their hearts that tomorrow's market and their own stocks have both risen and reached a new high in the mind.

"It is still intensifying market sentiment, and the regulator ...... That's too urgent, isn't it? ”

Seeing the succession of benefits in the evening, even Sun Yu, who has always been relatively calm, couldn't help but complain in the group at this moment: "I can't eat hot tofu in a hurry, don't they know?" ”

"Mr. Sun, your complaint is not on point!" In Su Yu's main Yuhang tour capital group, Zhao Qiang saw Sun Yu's complaints, and couldn't help but smile and replied, "The domestic market is a simple long market, and it's good to have more benefits, isn't it?" Everyone makes money in harmony, how good! ”

Sun Yu replied: "What do you think, it can go up if it's good?" ”

"Good doesn't necessarily go up." Zhao Qiang replied, "But it's better than bearish, right?" ”

"The current market sentiment is already like a basin of boiling water." Sun Yu did not refute Zhao Qiang, and continued, "If you add firewood to heat up, you can't make more water, in fact...... As long as there is a money-making effect, the emotional side does not need to be stimulated at all, and the biggest difficulty in the current market is still incremental funds. ”

"Without the continuous entry of incremental funds, the water in the market will soon be burned dry."

"When the time comes, the long and short situation will inevitably reverse."

"Then this doesn't seem to have much to do with our group of short-term speculators, right?" Zhao Qiang said, "It doesn't matter if it comes from the bull market or not, it's all the same money anyway." ”

"The bull market is coming, everyone's risk tolerance has improved, and there are more funds willing to chase higher and follow the trend, which is still very beneficial for us to make a market." Sun Yu then replied, "Otherwise, when the market sentiment and market are sluggish, it will not be fun if it is pulled one day and smashed the next day, and there is no continuity." ”

"Hey, I thought the market had come to this point......

"As long as the regulator guides correctly, it can stimulate a round of bull market, and the result is now ...... I really overestimate them. ”

"Mr. Sun thinks the market is going to adjust?" The rest of the group asked.

"Probability!" Sun Yu replied, "The incremental funds can't keep up, and there are not so many people who take over the high-level chips, if more and more people realize this, the profit plate will be smashed, the market will not be able to bear it, and the market will be finished immediately." ”

"Mr. Sun has started to be bearish on the market, so it seems that he has to be careful."

"I also feel that the turnover has not been able to rise, it is a relatively big problem, everyone knows, there is no market if there is no volume."

"Hua Qingbao was smashed today, it should be a signal, right?"

"'Mobile Internet' and 'smart phone industry chain' related core stocks, not to mention the previous waves of speculation, from the end of September to the present, the average increase has been 30% to 50%, the market does not only rise and do not fall stocks, I think...... The index is eleven consecutive yang, and it is indeed time to adjust, but I think it is ...... It should be a benign adjustment. ”

"Mr. Su's 'Yuhang No. 1' fund chips should not have been big yet, right? Then you shouldn't have to worry too much. ”

"The two main concepts of 'mobile Internet' and 'smart phone industry chain', the short-term increase is indeed too large, and there is a need to adjust and clean up the profits, but the line of the concept of 'restructuring backdoor' should still be promising, right? Xinwei Group exceeded expectations, tonight Rongshun shares, also reported the news of the successful restructuring of Sanqi Game Network Company, it is estimated that it will resume trading soon, and it should have a more obvious catalytic effect on the line of "restructuring backdoor". ”

"There is also the suspension of Sunleda, and the regeneration technology company, which has also sent a clear signal."

"If the two main lines of 'mobile Internet' and 'smart phone industry chain' are adjusted, the concept of 'restructuring backdoor' should be able to undertake the funds from these two main lines and form a high and low switch of the market situation, right?"

The messages in the group are constantly refreshed......

Although Sun Yu expressed his relatively pessimistic thoughts that he was not optimistic about the market outlook, the vast majority of the investors in the group still thought that even if the market adjusted, it would be just a benign adjustment, and there was nothing to be afraid of, and they even thought that it was ...... The foundation of the bull market still exists.

As a result, only a very small number of individual investors in this category began to consider the issue of risk.

The entire market, the overall investment sentiment, is still very hot.

The next day, Wednesday, October 10, the Shanghai Composite Index, the Shenzhen Index, and the ChiNext Index were still fully open, continuing to hold high.

And on the next few trading days......

In addition to adjusting halfway, the GEM pointed out that it refreshed to a new all-time high all the way to 1360 points.

During this period, the market investment sentiment has been stimulated to the point of frenzy, and the entire market, except for a few investors, no one believes that this is not a bull market.

And, in addition to the index, the performance of individual stocks is more extreme.

'Mobile Internet' and 'Smartphone Industry Chain', related core stocks.

Hua Qingbao has a strong and horizontal situation of 'no price limit, no stop rising', all the way to 96 yuan, only one step away from the 100 yuan mark.

Netspeed Technology soared to the 130 yuan mark, with a market value of more than 25 billion, firmly occupying the throne of the first high-priced stock on the GEM.

The share price of Fenda Technology has reached a maximum of 90 yuan, and institutions are still increasing their positions at a high level.

Huayi Brothers' share price touched the highest price of 48 yuan; The share price of LETV has reached more than 50 yuan, and the market value has also rushed all the way to around 25 billion, which is comparable to Internet speed technology.

The concept of 'backdoor restructuring' is related to this line, related to core stocks.

Xinwei Group opened the board at the height of 15 boards, and then, after a short adjustment, it was speculated by the capital, so that the market value of Xinwei Group once exceeded 80 billion, comparable to the A-share listed Unicom Group.

On the day of the resumption of trading, the concept of "mobile game" was stained with the concept of "mobile game", and there was a spectacle of sealing funds, which was twice as much as the circulating disk.

The reorganization of Hilong Software and 2345 Network Technology Co., Ltd. was just a scandal, and it was frantically hyped by market funds, and it pulled five price limits in a row.

Other non-mainline concept stocks......

Like potential Hengxin, because of the good contract of Sun Company, it has also walked out of five one-word price limits in a row.

"How much bargaining chips do we have left in the two main concepts of 'mobile Internet' and 'smart phone industry chain'?" On Wednesday, October 17th, in the extreme interpretation of the market situation, Su Yu stared at the popular stocks such as 'Hua Qingbao, Internet Speed Technology, Changqu Technology, LeTV, Huayi Brothers, and Fenda Technology', which have hit record highs one after another, but have obviously been weak, and asked Li Meng, "The time window of the market should have passed." ”

"There are still 668 million chips left, and they have not been reduced." Li Meng replied, "Most of the chips have been quietly withdrawn. ”

"Good!" Su Yu said, "Then release a clear signal!" ”

Li Meng responded and began to issue the last large-scale collective take-profit order, allowing traders to cut off the last positions on the two main concepts of 'mobile Internet' and 'smartphone industry chain'.

Meantime...... After Su Yu glanced at the board, it was still fluctuating around the rise of two or three points, and the stock price hovered at 13.35 yuan of potential Hengxin, using his personal account funds to directly bombard the disk, and more than 20 million funds were hit out one after another.

Immediately after, the next second......

The core stocks of the concept of "mobile Internet" and "smart phone industry chain" that were sold off on a large scale by the 'Yuhang No. 1' fund have dived, and the market trend has also changed dramatically!

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