I saw that not only the relatively weak marginal concept stocks, there were obvious signs of large single selling, and there were also signs of large single sell-off on the core popular stocks, and the profit plate gushed out quite fiercely, and as the core weight of the securities sector, 'CEFC Securities and Huatong Securities' also opened the price limit, and the stock price fell rapidly.

"Is the emotion so fast?"

Seeing the lightning break of 'CEFC Securities and Huatong Securities', and the full withdrawal of the main sealed funds, Mu Zhengxing, who had just put out the main selling list, was dumbfounded: "A moment ago, I was desperately chasing high, for fear that I would not be able to buy chips, and at this moment I was desperately canceling the order and selling desperately, and the market changed...... It was unexpected. ”

"There was a wave of funds just now, but obviously the amount of energy still hasn't kept up." Fang Xinsheng on the side said, "The blood loss effect of other plates in the two cities is still increasing, so ...... As long as it is a slightly smart fund in the market, you know that the market is not adjusted here, it can't be pulled up, and the volume of the 'securities, venture capital' sector can not be enough, and the situation of insufficient undertaking is naturally surging out of the profit-taking order that can still maintain a wait-and-see mood before. ”

"Xiao Mou, don't think about so many ......"

Fang Xinsheng paused and continued: "Just take the chips in the field of 'securities and venture capital' in our hands, non-core popular stocks, and just hit them out." ”

"It has been sold at the market price." Mu Zhengxing responded.

And with the sound of his voice......

'Securities, venture capital', the two core market hot concept plates, in the 'CEFC Securities, Huatong Securities' both broke the board, the stock price falls, its sector index, as well as many stocks in the sector, has ushered in a diving trend.

Immediately afterwards, at 10:46, the net inflow of funds in the securities sector fell from a maximum of 3.36 billion to less than 3 billion, indicating that this sector, at this moment, the main funds have changed from a net inflow to a net outflow, and the main selling orders suppressed the buying orders and occupied the dominance.

At 10:48, the stock sector index rose from a high of 6.57% to 5.55%.

At 10:50, Huaxin Securities and Western Securities broke the board, and the number of stocks in the securities sector decreased sharply from eight at the previous peak to 4, and at the same time, the 10,000 enterprises in the "venture capital" concept sector and Fudan Fuhua also opened the daily limit, and the number of stocks in the sector decreased sharply from 11 to 7.

At 10:53, the Shanghai Composite Index rose from a high of 2.57% to less than 2%.

At 10:55, the index of the securities sector fell below 5%, and the net inflow of funds in the sector fell back to around 2 billion, with the main capital outflow of 100 million almost every minute, while at the same time, it ...... After the opening of the market has been extremely weak in the core concept of the gem, that is, 'mobile Internet' and 'smart phone industry chain' related concept plates, but ushered in a significant buying, Hua Qingbao, network speed technology two deep adjustment of the early hot stocks, the stock price has risen in a straight line, it seems that the main funds are doing high and low switching speculative operations.

At 10:57, the securities sector index continued to fall to about 4.5%, the share prices of 'CEFC Securities and Huatong Securities' both fell to around 6%, and the net inflow of funds in the sector fell to below 2 billion, but the net outflow rate began to weaken.

At 11:01, the securities sector index remained in the range of 4.25% to 4%, the 'venture capital' concept plate index fell 4%, maintaining a range between 3.5% and 3.85%, and the 'mobile Internet' and 'smart phone industry chain' related conceptual areas in the direction of the gem, namely 'mobile games', 'electronic information', 'Apple industry chain', 'wearable devices', 'network security' and other concept plates, rebounded significantly, and the sector index turned red, including Hua Qingbao, Netspeed Technology rose by more than 4 points in a straight line, catching up with the rise of the Shanghai Composite Index from underwater in one go, outperforming the broader market indices of the two cities.

At 11:02, the ChiNext index returned to the 1% growth mark, and the gap with the Shanghai index shrank to within 0.5 points.

At 11:05, the Shanghai Index continued to fall back to the 1.45% increase position, the GEM index maintained a rise of about 1%, the two cities after a wave of rapid diving, returned to a stable state, but during this period, the "restructuring backdoor" line, but it fell again and again, without any improvement, the core concept of the stock Xinwei Group share price rebounded inadequately, and was smashed by a large number of funds near the fall limit.

"The comprehensive diffusion trend of the market to the entire 'big finance' field, as well as the extreme outbreak trend of the securities sector's collective impact on the daily limit, did not succeed!" In the face of the market situation that has stabilized after diving, at this moment in Yanjing, inside Shenhua Fund, fund manager Chang Li couldn't help but sigh lightly, feeling very sorry in his heart, "The emotions have come to this point, and it's a pity that I didn't rush up." ”

"The market volume is slightly insufficient, coupled with the securities sector index, within three trading days, it has risen sharply by more than 15%, which has been out of the previous nine-month range and entered the heavy pressure level of the hedging disk, which is normal for a while." Next to Chang Li, Lin Zhaoye, director of the fund management office, said, "But ...... After such a top, the upper chip structure should have been loosened. ”

"Wait for the market sentiment to continue to stabilize, and then adjust the disk a little bit to clean up some profit-taking and floating chips."

"The next impact, it's easy to pass."

"Since the market has now formed a strong expectation of a 'comprehensive bull market', coupled with the announcement of the IPO restart, there are still a few days, and the 'securities, venture capital' line, the diving here is not a turning point in the market, it can only be regarded as a short break before the real general offensive!"

"I'm afraid that some ignorant investors will take advantage of this short-term adjustment to lead the market back to the concept of 'mobile Internet' and 'smart phone industry chain' in the direction of the GEM." Chang Li frowned slightly and said, "Before the dark news of the resumption of the IPO in the market has officially surfaced, it is entirely possible for the market to change in this direction, and once it changes in this direction...... The main line of the market and active funds are dispersed, so it is difficult for the line of 'securities and venture capital' to go further. ”

"It shouldn't change in the direction you're talking about." Lin Zhaoye thought for a while and said with a smile, "There are a lot of smart funds in the market, and well-informed people don't know how many, we can get the news, and other institutions with deep backgrounds, and even private equity funds, will definitely be able to, but in terms of time, maybe not so timely." ”

"I believe...... There is this blockbuster news of the resumption of market IPOs suppressed. ”

"With the GEM refers to the high weight attributes of 'mobile Internet', 'smart phone industry chain', 'film and television media', which are many popular concepts in the early stage, there will be no big opportunities, and it will not be able to gather too strong a sustained money-making effect."

"Besides, although these popular concepts in the early stage have been adjusted a little, compared with their several times the increase, no matter the time and space for adjustment, it is still not enough."

"So, I'm sure ......"

"After a short adjustment in the market, the main direction of the core will definitely return to the line of 'securities and venture capital', after all, under the negative side of the dark line of the market IPO restart, there is only this conceptual main line, which has obvious future expectations and can be called a market hedging sector."

"So, we should ...... Hold an existing position? Chang Li asked.

Lin Zhaoye nodded and replied: "Take a look again, I feel that it is not yet the time for a large-scale take-profit, at least...... Although the market dived sharply just now, there was no obvious panic outflow, and there was no trend such as extreme sky flooring in the 'securities and venture capital' concept sector. ”

"Okay, let's take another look." Chang Li thought for a while and nodded.

In the final analysis, although he actually has a trace of worry in his heart, he is also unwilling to let him take profit on a large scale here, first, there are still several days away from the best time node for taking profits; Second, the wealth road he was waiting for, the main position did not fully come in, and at this time, the full position took profit, first of all, the profit was not large, and secondly, it could not lock the other party.

And with the exchange of the two......

Also at this moment, Yuhang, Jingda Investment inside, trading room.

Gu Chijiang and Lin Tingzong, looking at the market that suddenly dived and changed, looked at the weak at the beginning of the session, and rebounded significantly at this moment, showing that the two major fund heavy positions of 'mobile Internet' and 'smartphone industry chain', which took over the 'securities and venture capital' market, were difficult for a while.

Originally, the previous consistent strategy of the two was to take into account the potential risk points of the market and resolutely reduce their positions.

But now, after Gu Chijiang inquired around, he didn't hear any news about the resumption of the market IPO, and there was an obvious end adjustment in the field of heavy positions of the fund, and there were signs of the market returning, so he couldn't help but hesitate to reduce his position and take profit strategy before.

"Lao Lin, there are obvious signs of recovery on the GEM!" Gu Chijiang said.

Lin Tingzong knew the meaning of Gu Chijiang's words, pondered for a moment, and said, "Mr. Gu, my suggestion...... It is better to continue to reduce positions and keep the profits in hand first. ”

"Although in the current market, there is no clear negative news."

"But the recent trading movements of Fortune Road on the market will not be wrong, and there is no problem with our previous analysis and its logical relationship."

"At this time, I am greedy for a little profit, and I am afraid that we will lose even more good opportunities to play at that time."

"And ......"

Lin Tingzong paused and continued: "Just this wave of diving, the line of 'securities and venture capital' is only slightly differentiated, and its core concept stocks, such as Oriental Securities, Zhejiang Oriental, Oriental Venture, Shibei High-tech, Zhangjiang Hi-Tech, Zijiang Enterprise and a large number of popular stocks, their disks are still tightly sealed and have not been loosened, which shows that the market of this line has not yet reached the end. ”

"And the market of 'securities and venture capital' will continue to be deduced in the future."

"As the two popular main lines of 'mobile Internet' and 'smart phone industry chain' that undertake the market, there is still no sustainable market development opportunity."

"Recently, the index has reached new highs, but we have repeatedly stepped on the wrong rhythm of the market, in the new high school of the index, not only failed to make money, but lost a lot, and the trading ...... I think mentality is a more important thing, now if we are in a hurry to make money, want to quickly make up for the losses of these few trading days, I am afraid that we will be more unbalanced and step on the wrong rhythm. ”

"Therefore, I suggest that we reduce our positions and take profit first, take a look at the next development of the market, and wait for the market to further transform and the certainty continues to increase."

"Didn't Mr. Gu often say that 'the opportunities in the market are endless'?"

"That being the case, why should we be in such a hurry when we have already made up for the losses of the previous year and the fund's performance has also achieved the set annual target?"

"In fact, sometimes, in market trading, slow is fast, fast is slow!"

Gu Chijiang heard Lin Tingzong's words, thought about it, and realized that he was indeed too anxious, and couldn't help but say: "Okay, since you have made an established investment strategy, then implement it step by step, in the trading market, the phrase 'slow is fast, fast is slow', it is worth appreciating!" ”

After figuring out the tricks......

Gu Chijiang felt that in the case of not catching up with the market of 'securities and venture capital', at this time, he would go to the gem to pick up, and the two main lines of 'mobile Internet' and 'smartphone industry chain' might take over the high risk profits of the 'securities and venture capital' market, which was indeed a little out of his mind, and he didn't think about changing his trading strategy anymore.

However, it was just when the two of them, after weighing the pros and cons, decided to continue with their previous trading strategy......

The two of them were in the analysis room next door.

After Mu Yao borrowed money to replenish a part of the margin, he watched Hua Qingbao, Changqu Technology, Fenda Technology, Netspeed Technology and other popular stocks in the early stage rebound strongly, and there were signs of recovering lost ground and returning to the main line of the market.

"I can see that the Shanghai Index and the GEM Index are a seesaw." After buying, Mu Yao, who was full of excitement, said confidently, "Now the line of 'securities and venture capital' has reached a high level, and at the node of adjustment, the funds that make a profit will definitely buy the two major gem weights of the core concept of 'mobile Internet' and 'smart phone industry chain'." ”

"I don't believe it......"

"Under the strong expectation of another round of high and low switching in the market, the two main lines of 'mobile Internet' and 'smart phone industry chain' in the early stage cannot take a decent rebound."

According to his current position, not to mention the hot stocks in his hand, which rebounded to a new high in the early stage, as long as he can get out of the 10% rebound, he will be able to recover the account loss with interest and make a large profit, and in this position...... An upward rebound of 10%, Mu Yao believes that it is a great probability.

After all, the market currently has continuous future expectations and a strong imagination in the field of concept plates.

On the line of 'big finance' led by 'securities and venture capital', and the line of 'emerging economy' composed of 'mobile Internet' and 'smart phone industry chain'.

And only these two lines have gathered a strong enough continuous money-making effect.

The speculation of active funds in the market has inertia.

Therefore, Mu Yao believes that when the main line of speculation of 'securities and venture capital', the chip structure is loosened and the market begins to enter the adjustment stage, another line of 'emerging economy', which has been adjusted for several trading days and is already at a relatively low level, will inevitably break out.

Moreover, as the core of the 'emerging economy' line, the most popular leading stocks.

Hua Qingbao, Changqu Technology, Fenda Technology, Netspeed Technology...... These stocks will inevitably be the first target of the main capital attack when the market rotates.

As he was excited, and excited to talk to himself, 11:30 arrived.

In the end, Shanghai fixed a 1.38% increase, although it fell significantly, but it still stood at the 2,400-point mark, maintaining a continuous upward trend of hitting new highs in a rebound; The GEM rose by 1.18% and stood above 1,370 points, setting a new all-time high.

In addition to index performance, sectors and individual stocks.

Although the rise of the two major sectors fell by almost half compared with the intraday high, it finally remained above 3%, leading all industry sectors in the two cities, as well as its concept plates.

Immediately followed by the concept of 'securities and venture capital' is 'Internet finance' in the direction of GEM.

Then consumption, infrastructure, real estate, and 4G communications also performed.

As for the concept of "mobile Internet" and "smart phone industry chain" related to the sharp adjustment of the "mobile Internet" and "smart phone industry chain", which has been attracting much attention, and has underperformed the market for several consecutive trading days, and even led the decline in the two cities.

Of course, the 'restructuring backdoor' related concept plates, especially the ST sector, continued to be abandoned by mainstream funds on a large scale, and once when the market was diving most violently, there was a downward trend, and its related concept stocks led the decline in the two cities and occupied the top of the decline list in the two cities.

"Unexpectedly, under the rapid dive, the index actually hit a new high." Looking at the two markets that closed at noon, inside the 'Yuhang Investment' company, in the trading room, Li Meng smiled and said with a little surprise, "The trend of the GEM in the morning is really a bit unexpected, I thought it would ...... Under the pressure of the potential bearish restart of the market IPO, a large number of profit orders have come out of the line of 'securities and venture capital', and they will definitely not touch the GEM again, at least they will not touch the high-level pullback, and the two core concept areas of 'mobile Internet' and 'smart phone industry chain' are not enough to adjust time and space. ”

"No surprises." Su Yu said, "There are a lot of smart people and smart funds in the market, but under the huge market investor base, the news is not so well-informed, and the macro insight is not so transparent. ”

"Removing this potentially significant negative ...... of the resumption of IPOs in the market"

"According to the pattern analysis that the market is in the early stage of the bull market, after these funds have made profits on the line of 'securities and venture capital', they have turned to attack and have adjusted the core hot main line concept in the early stage of the index for several consecutive trading days, and there is nothing wrong, but it is quite a smart move."

"It's just a pity that the basic logic and prerequisites of the operation are wrong."

"Hmm!" Li Meng responded and continued, "The differentiated market of the 'securities and venture capital' line in the morning has come out, do you think it will be ...... in the afternoon? How will the two markets go? ”

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