"Any questions?"

Hearing Lin Tingzong's complaint, Gu Chijiang on the side asked.

Lin Tingzong replied: "According to common sense, such a good thing cannot support the trend of Zhezhou Oriental One Word Board, at most a 5% high opening is good, not to mention that this check has been fired by the tour capital yesterday A price limit, it is already a full response to the good, but I didn't expect it...... Mr. Gu, in the past two days in the market, the reaction of the core main funds to the concept of 'securities and venture capital' has been a bit excessive! ”

"Market sentiment and bull market confidence have risen, the index continues to reach new highs, at this time, the main funds in the market attack 'securities, venture capital' and other bull market beneficiary sectors, play a higher market sentiment and space, consolidate bull market confidence, is also normal?" Gu Chijiang said, "The investors focus on the concept stocks led by the GEM, and the institutions can't get the right chips and are unwilling to chase after the market at a high level, so it makes sense to attack from another logical line to grab the active capital flow of the market, create a sustainable market, and earn excess profits." ”

"However, the current market turnover is slow to expand, and it is difficult to support the 'securities and venture capital' sector, and it will continue to advance!" Lin Tingzong said, "The securities riot was too early, and I feel that the funds of various institutions are a little eager for quick success. ”

"Isn't it just right that 'securities and venture capital' can't continue to be promoted?" Gu Chijiang said with a smile, "If the market rotates like this, won't it turn back to the GEM?" ”

Lin Tingzong replied: "Not necessarily, in the case of market turnover can not continue to amplify, incremental funds can not keep up, which means that the market is still a stock game, and the stock game market, active funds are relatively limited, if this part of the funds in the 'securities, venture capital' market line is trapped, then the 'mobile Internet' and 'smart phone industry chain' The two main lines of undertaking the disk, will become more thin." ”

"And ......"

Lin Tingzong paused and said: "The current market is completely supported by a wave of emotion. ”

"It is the continuous money-making effect of the market that continues to stimulate investment sentiment, so the continuous market that comes out has continuous incremental capital in."

"If the hype market line of 'securities and venture capital' fails."

That is, the continuous money-making effect of the market can no longer be continued, so the investment sentiment of the market will quickly ebb and adjust violently...... I'm afraid it's coming. ”

"I think it's a bull market ......"

"But this is only the first stage of the market's continued bullishness, that is, the market sentiment and the market are in a cycle of getting rid of the shadow of the past and slowly recovering confidence."

"The market, which is slowly recovering confidence, is relatively fragile."

"In everyone's hearts, although they have good expectations for the market outlook, they ...... at the same time I am also skeptical in my heart, and I don't have too much self-confidence. ”

"In this case, once the market's money-making effect declines, there will be obvious adjustment signals."

"During that time, the market confidence that has been built up is very easy to collapse, so that the market will return to the sideways situation in August and September."

"So...... What are your plans? Gu Chijiang paused for a moment and continued to ask.

Although he didn't fully agree with Lin Tingzong's opinion, he also felt that the risk points he said still existed.

If the line of 'securities and venture capital' is completely less than expected and traps a large number of active funds that are currently following the trend, it is indeed not a good thing for the evolution of the entire market.

Lin Tingzong thought for a while and said: "I think the underlying logic and sustainability of the line of 'securities and venture capital' are much inferior to the 'mobile Internet' and 'smart phone industry chain', so we don't need to chase long positions at this time when we lose the opportunity." ”

"But the change in the trend of this line is extremely important for the overall trend of the market."

"So, although we are not involved, we have to pay close attention."

"If this line has opened up the market space, further enhanced the confidence of the market, and made the bull market argument thoroughly rooted in the hearts of the people, then we will take advantage of the highest speculation in this line to put the last liquidity of our fund into the two core main lines of 'mobile Internet' and 'smart phone industry chain'."

"If this line does not move as expected at all, there is no sign of continued expansion in market turnover."

"That is, this line has failed to play a new money-making effect, and has not been able to further enhance the bull market confidence of the market, so we ...... It is time to start reducing positions, quickly reduce fund positions to a low level, and meet the adjustment of the market. ”

"Overall, this should be the key point of divergence in the market."

"We need to be optimistic and at the same time wary of risks."

"You just have to be ready to defend and you can't increase your position aggressively, right?" Gu Chijiang understood, "That's the case...... Then just watch and do nothing, and take a look at how the market changes in the next two trading days! ”

"Good!" Seeing that Gu Chijiang agreed to his suggestion, Lin Tingzong couldn't help but smile and nodded.

Then, he quickly turned his attention back to the trading market of the two markets.

Saw...... As the two spoke, the time had reached 9:19, and the two cities were about to enter the real call auction that could not be cancelled, and the overall market changes were no different from the initial call auction in these few minutes.

"The market is so good, it has been adjusted for two days in a row, it can't fall today, right?"

At the same moment when Lin Tingzong and Gu Chijiang were talking, in the office of the company's market analysis department next to the two of them, Mu Yao's eyes were staring intently at the stock price changes of 'Hua Qingbao' on the computer screen, as well as the changes in the funds of his stock account with leverage, and secretly prayed: "The two-day adjustment has touched the 10-day line, and this guy on Fortune Road didn't sell it yesterday, the market sentiment should be warmed up, and it should be able to ...... Restart the uptrend and hit new highs! ”

The strong are always strong......

In yesterday's market trend, he failed to catch up with the 'securities, venture capital' market, but transferred almost half of his position to 'Hua Qingbao', the strongest popular leading stock in the field of 'mobile Internet', and wanted to make a wave of 'dragon turnback' market.

Moreover, similar to Lin Tingzong's thoughts, he also does not think that the current market volume can be capable.

It can support the continuous breakthrough of the line of 'securities and venture capital'.

In his view, the core main line of the market, the most imaginative and expected performance explosion, is still the concept of 'mobile Internet' and 'smart phone industry chain'...... No matter how the market changes, the market will eventually have to return to the 'mobile Internet' and 'smartphone industry chain'.

And at the beginning of the bull market...... Only the model of 'weighting the stage, small ticket singing' can maximize the gathering of market sentiment and create a continuous continuous money-making effect, so as to completely reverse the trend of the market and let the concept of the bull market penetrate into the hearts of investors.

However......

The idea is good, but the realistic market trend is completely different.

As the time entered 9:20, after a large number of false pending orders were withdrawn, several core concept mainline related sectors such as 'mobile Internet', 'smart phone industry chain', and 'restructuring backdoor', as well as their core concept stocks, were further abandoned by market funds, and the decline expanded instantly.

Among them, Mu Yao stared at the 'Hua Qingbao'.

At the moment when the time just crossed 9:20, it was sold by a major fund of tens of millions on the disk, and the decline fell from 0.87% to 2.23%.

"Damn...... Sick! ”

Seeing Hua Qingbao's weak call auction trend, Mu Yao couldn't help but burst into a foul mouth.

He couldn't understand that the call auction trend of the whole market was clearly very good, and Hua Qingbao's adjustment in the first two days was quite sufficient, how could he go against the market so weakly.

"The market is obviously still rising sharply today, and the guy who smashed the market ...... Is it Mom and Dad who died? After bursting into a foul language, he still felt aggrieved in his heart, "I don't believe it, you have adjusted more than a dozen points in advance, and in the case of a new high in the index, can you continue to underperform the broader market index?" ”

He originally pointed to the stock of 'Hua Qingbao' and turned over.

Now that the vote is seriously falling short of expectations, he is really irritable in his heart.

Of course, what is even more irritable is that the Shanghai Composite Index has rebounded to a new high, and the market value of his stock account has returned to 300 million, and all profits have returned to zero.

As he complained and depressed, time continued to travel......

The emerging hype main line of "securities and venture capital" continues to be popular with funds; the main line of "mobile Internet", "smart phone industry chain", "restructuring backdoor", and "Shanghai Free Trade Zone" several popular concepts in the early stage also continue to ebb and flow, especially the line of "restructuring backdoor", today's call auction trend is more tragic than yesterday, so that a large number of investors who chased this line in the early stage and did not have time to exit are simply wailing in their hearts and do not understand the reason for such a trend.

Finally, at 9:25, the call auction between the two cities ended.

The Shanghai Composite Index opened higher at 0.79%, and the ChiNext Index opened higher at 0.23%, of which the Shanghai Composite Index hit a new high for the rebound, and the index point crossed the 2360 mark.

Sectors, individual stocks.

The securities sector opened 1.36% higher, the core stock Orient Securities opened 4.78% higher, and the call auction turnover exceeded the 100 million yuan mark, and the trading was extremely intense; CEFC Securities and Huatong Securities both opened about 1.5% higher.

The venture capital concept plate opened 1.59% higher, the core popular stock Zhezhou Oriental opened with a daily limit, an increase of 10%, and the entire set auction only traded 7.96 million, which is basically an immeasurable one-word board, and the sealing board capital is greater than 300,000 hands, which is equivalent to the circulation of Zhejiang Oriental, which can be described as exceeding market expectations.

Receiving the influence of Zhezhou Dongfang's high opening, the check of Oriental Entrepreneurship was also attacked by the rapid attack of funds, and finally opened at a position of 6.83%, which has the potential to continue to rise and fall.

Other popular stocks, such as Zhangjiang Hi-Tech, Shibei High-tech, Zijiang Enterprise, Luxin Venture Capital, and Tuozhong Shares, all opened higher than 3%, which was significantly stronger than the index increase and the sector increase, and the willingness to raise funds was extremely obvious.

'Mobile Internet' related concept plates, such as 'mobile games', 'Internet finance', 'mobile payment', 'smart city', 'Internet information', 'network security' and other series of plates, all in a low state, the core popular stocks in its related sectors, Hua Qingbao opened 2.83% lower, Changqu Technology opened 2.11% lower, Huake Jincai opened 1.81% lower, Flush opened 1.13% lower, Oriental Fortune opened 0.76% lower, and Tianyu Information opened 1.56% lower.

The performance of the concept plate related to the 'smart phone industry chain' is similar to that of the concept plate related to the 'mobile Internet'.

Among them, especially the 'Apple Industry Chain' sector and the 'Wearable Devices' sector, suffered heavy losses, with core popular stocks, Anjie Technology falling 2.51%, and Fenda Technology falling 3.11% to open.

As for the 'restructuring backdoor' concept section.

Today, it was completely abandoned by funds and directly led the two markets.

In the early stage, the concept stocks that were hyped by various funds, such as Lianxin Yongyi, Weihua shares, Tianrui Instrument, Hilong Software, Far East shares, etc., all fell by more than 2% at the opening, especially before the market record of 15 boards, the listing rose by more than 400%, and the market value of more than 80 billion yuan in one fell swoop, almost comparable to the market value of Unicom Group's 'Xinwei Group', has also been continuously abandoned by the main funds, directly opened with a decline of 6.37%, and has the tendency to continue to fall.

"Active funds in the market are further flowing out of the main line of 'mobile Internet', 'smart phone industry chain', and 'restructuring backdoor' in the early stage, and are rapidly pouring into the field of 'securities and venture capital'!" Seeing such an opening situation in the two cities, Yu Hang, inside the 'Yuhang Investment' company, in the trading room, Li Meng reported to Su Yu, "Today's market changes are more drastic than yesterday." ”

Su Yu bowed slightly: "This is certain, in the news of the resumption of IPOs in the market, spreading more and more widely, all kinds of smart funds in the market will definitely quickly reduce their positions in the 'mobile Internet', 'smart phone industry chain', 'restructuring backdoor', which have been over-speculated in the short term, and will be transferred to the defensive sector and the beneficiary sector of 'IPO restart'." ”

"The more 'market IPOs restart', the clearer the news."

"The main funds will flee from the GEM, and the more serious the conceptual sectors of 'mobile Internet', 'smartphone industry chain', and 'restructuring backdoor' will be."

"Expected overdraft, coupled with the potential for a blockbuster bearishness."

"At this time, there should be no main force that dares to enter the conceptual fields of 'mobile Internet', 'smart phone industry chain', and 'restructuring and backdoor'."

"Of course, the overall investment sentiment and confidence in the market are very good at the moment."

"Before the news of the resumption of IPOs in the market officially hits, it is obvious that it will be able to continue to stabilize."

"Therefore, even if these major early hot concept areas and smart main funds have been fully retreating, but with the support of a large number of retail investor groups with lagging news and relatively solidified thinking, the main line of these early hot concepts is not so easy to fully collapse and plummet."

"Hmm!" Li Meng nodded, "For many major funds that are still heavily invested in the core main line areas of 'mobile Internet', 'smartphone industry chain', and 'restructuring and backdoor', the current time window should be the last opportunity to retreat, right?" ”

"That's right." Su Yu said, "It's just that I don't know how many people can realize it." ”

The vast majority of investors in the market are path dependent.

Although the market at this time, the index is still at a new high, but the style transformation of the market and the flow of funds have begun to be clear, that is, the so-called risk points, have begun to be highlighted, but in the path dependence, the call of the bull market is rendered, and the market is still hot under the blinding of the money-making effect.

Even if there are many investors who dimly realize that something is wrong, I am afraid that it will be difficult to let go of the greed for profit in their hearts.

Withdraw at this time.

"No matter how many people there are, it doesn't matter to us for the time being." Li Meng smiled, no longer lamented this question, and instead asked, "The opening trend of Zhejiang Dongfang today is a little beyond expectations, as you expected before...... The main funds in the market have increased their expectations for this check, and the intention of grabbing and speculating is very obvious, and there is a high probability that Zhejiang Oriental Group itself will add fuel to the fire, further catalyzing the market's speculation on this stock. ”

"In this case......

"The 'oriental' stocks such as Oriental Securities and Oriental Venture that we lead have opened up the space."

"I'm thinking, now do we continue to take the initiative to grab chips, pull up rapidly, and continue to intensify the market trend of these tickets, or do we wait and watch first, intensify the change of hands of these tickets, and make their internal chips more fully adjusted?"

Su Yu replied: "As long as the plan for the resumption of the IPO in the market is set internally, the news spread very quickly, whether it is 'securities, venture capital' can only go through a wave of popularity, we have no continuous speculation time, the market is hot investment sentiment, and it is impossible to maintain the current state after the news of the IPO restart is fully spread." ”

"So, while the market is still in the illusion of a bull market."

"It's still in the midst of an extremely hot follow-up effect."

"Then we must burn this fire to the extreme as soon as possible before the news officially comes out."

"You don't have to wait for any internal chips to change hands fully, after the opening ...... Direct large single owners buy and grab chips, the more intense the better, at this time...... What is fried is a breath of gas, a breath of confidence. ”

"The stronger the performance of individual stocks and sectors, the stronger the follow-up effect of funds."

"And ......"

Su Yu paused, and there was a sharp light in his eyes: "The more urgent we buy, the more we can make those super main institutions in the two major fields of 'securities and venture capital', as well as the majority of investors in the market who follow the trend, think that the main positions of our fund are not in these two fields, so that they can continue to follow up and give us a sedan chair." ”

"Got it!" Li Meng nodded.

Then, according to Su Yu's meaning, he quickly gave trading instructions to the two trading teams.

With the issuance of the order, at this time, 9:30 has arrived, and the two markets have entered the official trading session.

Saw...... At the moment when the market jumped again, more than 200 million funds within 'Yuhang Investment' were poured into the 'Oriental Securities, Oriental Ventures, Shibei High-tech' and other disks in an instant.

Immediately after, it was only a dozen seconds.

Oriental Entrepreneurship has risen in a straight line, bought by a large number of single owners, and directly sealed the price limit, continuing to detonate the concept of "venture capital"!

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