Chapter 277: The Belief of the Bull Market Collapses!
"Okay!" Li Meng answered, and then quickly gave instructions to the traders.
Then, in less than half a minute, tens of millions and hundreds of millions of funds sold large orders smashed the popular stocks in the field of "securities and venture capital".
Saw......
Huatong Securities' gains fell from 8.95% to 6.31%, and within a minute, the new turnover reached 126 million.
CEFC Securities' rise also fell from 7.31% to 5.11%, and within a minute, the new turnover also broke through to the 100 million yuan mark.
China Commercial Securities, Luxin Venture Capital, Zhangjiang Hi-Tech, Tuozhong Shares...... and many other stocks.
Almost instantly, the dive slipped down a 3-point rise, and the real-time transaction interface exploded.
At the same time, the Shanghai Index, which was fully driven by 'securities and venture capital', rose to more than 2%, and reached a maximum of 2477.77 points, also ushered in a rapid dive, and within a minute or two, the increase shrank back to less than 2%, and the time-sharing interface also showed the status quo of rapid amplification of volume and energy.
"Again, such a large amount, who is throwing it?"
Seeing the rapid dive of the index at the high point, and seeing the field of 'securities, venture capital', 'Huaxin Securities, Huatong Securities, Huashang Securities, Zhangjiang Hi-Tech, Luxin Venture Capital, Tuozhong Shares' and many other popular stocks suddenly fell sharply, Yanjing, Shenhua Fund, 'Blue Chip Select' product fund manager Chang Li frowned, and said speechlessly: "Such a good market sentiment, such a good market trend, such a concentrated market following effect, why can't you wait for a while, let the emotional catharsis be completed, What if the index creates a greater siphon effect around 2,500 points, creating more liquidity? It's all some kind of dumb guy! ”
"Such a concentrated sell-off, it seems to be ...... It should be that a large institution chose to take profit. Next to Chang Li, Lin Zhaoye, director of the fund management office, answered, "However, today's market, the emotional performance is much stronger than the previous few trading days, and the trading volume and follow-up effect of each stock are also extremely strong, as long as there is no consistent sell-off expectation, this market ...... I'm afraid it's not so easy to smash down. ”
"I'm not worried about this capital and smashing the market." Chang Li said, "It's just that I just think that some institutions are really short-sighted." ”
"Market sentiment is so strong today......"
"And after yesterday's differentiation, the market sentiment quickly turned unanimous, and it is obvious that this is a manifestation of the market going to go through the main rise."
"In addition, the current Shanghai Composite Index is away from 2,500 points, and it is less than 2 points away."
"This pass, in the market has formed a general bull market expectations, there is a huge expectation to overcome, as long as the market in a short period of time, do not suffer a major negative attack, it can be said that ...... At this juncture, 2500 points will inevitably be overcome under the strong expectations of the majority of market investors. ”
"And there may be a major negative ...... in the market"
"At present, as far as we know, there is only one aspect of 'market IPO restart', but the internal committee of the regulator will not hold it on Friday, which means that this news should be clear, and the time point is at least after the close of trading on Friday, which gives the market enough room to play."
"And, even if the message is clear."
"The 'securities, venture capital' sector is also a good sector for the 'market IPO restart', I really don't know...... What is there to be afraid of? ”
"The performance of each institution's main fund is different, and naturally in terms of trading strategy, it is also different." Lin Zhaoye said with a smile, "We think that the best time to take profit has not arrived, but others don't necessarily think so, it's useless to complain, let's do what we should do first!" ”
"Keep an eye on the stocks of Oriental Securities, Oriental Entrepreneurship, and Shibei High-tech."
"As long as these stocks can be stabilized, and there is no large-scale smashing of profits and profits on the road to wealth, and they are in a hurry to leave the market, then there is no big problem."
In Lin Zhaoye's view, this round of 'securities and venture capital' market is completely supported by emotions.
As for the impact of market sentiment, the appearance of one or two large institutions is simply not comparable to the impact of the Fortune Road smash.
Chang Li nodded and replied: "'Securities, venture capital' This round of market has risen so rapidly, the capital of Fortune Road in this field, should not have grabbed many chips, and at the same time, the profit margin of his position should not be large, according to his previous operating style, I estimate that he will not take profit in advance before emotional exhaustion." ”
"Hopefully!" Lin Zhaoye said, "Although there is a high probability that this fund is on the line of 'securities and venture capital', and there are not many chips to chase, but the buying and selling behavior of its seats has a great impact on the sentiment of the majority of retail investors and floating capital in the market...... We were fortunate to have an excellent palmares at the end of the year. ”
"Actually......" Chang Li paused, and was a little disapprehensive of Lin Zhaoye's high opinion of the market influence of the Fortune Road fund, and said, "Although the Fortune Road fund has a certain influence on market sentiment, it is still not worth mentioning in the face of market trends." ”
"The current market trend has been formed."
"'Securities and venture capital' have also become the market areas with the strongest continuous money-making effect in the two cities."
"Even if Fortune Road smashes the market today, I estimate that this round of market trend will not stop until the news of the 'market IPO restart' is completely clear."
"At least...... The market high should be around 2500 points. ”
Lin Zhaoye noticed Chang You's mood change, smiled, and said: "Lao Chang, I don't mean that the capital of Fortune Road will definitely affect the market trend, but I think that we can't forget the potential market risks under the premise of maximizing market profits." ”
"It's not really a bull market after all......"
"We can't fool ourselves into this false lie."
"'Securities, venture capital' line, this wave up, up to now, the relevant sector index has also risen by about 20%, individual stocks, such as Oriental Securities, Oriental Ventures, Zhejiang Oriental, Shibei High-tech, Zijiang Enterprises and other stocks, is almost 50% high."
"And the first-line brokerage leaders like Huatong Securities and CEFC Securities have also risen by almost 30%."
"At this time, our expectations can not be placed at a high level, we must pay attention to the risk of market callback, at the most appropriate time, see the good and accept it!"
"Don't worry, Lao Lin." Chang Li bowed slightly, "I have been staring at the market, I will not miss the opportunity, at least I think that the Shanghai Index 2500 points, even if it can't really break through, under such strong expectations of the market, how can I touch it." ”
"And, you see......"
Chang Li paused, pointed to the changing market on the big screen in the trading room, smiled, and said: "The 'securities, venture capital' sector, as well as the index trend, after the wave of diving just now, are now rebounding, it seems that ...... Before the midday close, the Shanghai Composite Index and the 'securities, venture capital' related concept sectors, as well as their core popular stocks, can hit new highs and regain lost ground. ”
"That's the best!"
Lin Zhaoye stared at the changes in the market on the big screen, answered, and stopped talking.
And with the continued attention of the two......
Sure enough, it did not reach the noon closing time, when the time crossed 11:03, the 'securities, venture capital' sector index, and the Shanghai Composite Index completely recovered the previous diving decline, and hit a new intraday high, of which the Shanghai Composite Index broke through to 2481.23 points in one fell swoop, only less than 1 point away from the 2500 point mark.
"The index was withdrawn so quickly!"
Seeing that the Shanghai Index hit a new intraday rebound high, at this moment, Yuhang, Yuhang Investment Company, in the trading room, Li Meng stared at such a market change, and was slightly surprised: "Mr. Su, we have continuously reduced 1 billion funds, but ...... It didn't have any impact on the board. ”
Su Yu bowed slightly and responded: "The siphon effect of the Shanghai Index at 2,500 points has begun to occur, this moment...... The active funds of the entire market are flowing into the brokerages of the main board, as well as the entire 'big finance' weight sector. ”
"Go ahead and minus ......"
Su Yu paused and continued: "Taking advantage of the moment when the market has the most abundant liquidity in the field of 'big finance', we will take profits on a large scale. ”
"If you miss this opportunity, wait for the market sentiment to fade down a little."
"When everyone finds the pressure threshold of 2500 points, it is not so easy to break through, so ...... With the huge amount of money in our hands, it is not so easy to sell at a high level. ”
The company's two main funds have invested nearly 8 billion yuan in the line of 'securities and venture capital'.
Now, counting the profits, counting the 1.7 billion chips that were massively reduced yesterday, and the 10 billion chips that have been reduced so far this morning.
In their hands, there are still about 7 billion chips left unavailable.
And with such a huge amount of chips, if you want to reduce it to the overall 20% position watermark that Su Yu said, there are still about 4.6 billion chips, and you need to quickly reduce your holdings.
"Hmm!" Li Meng responded.
Without hesitation, he continued to direct traders to reduce their positions sharply and sell against the funds chased by the market.
And at the same time......
Yu Hang, Jingda Investment, in the trading room, has been on the two main lines of 'mobile Internet' and 'smart phone industry chain', cut off most of the positions, free up funds Mu Yao, seeing many popular core stocks in the 'securities, venture capital' sector, is not afraid of adjustment, the trend is extremely strong, for fear that if he does not act, he will chase positions above 2500 points in the index.
As a result, the index and the related concept sectors of 'securities and venture capital', as well as their core concept stocks, pulled back, that is, they bought positions aggressively.
"Damn...... You still have to chase hot spots, and only by chasing the leader can you have a future! Seeing that the position he had just bought was already on the road to profitability and was making up for the loss of his account, Mu Yao finally breathed a sigh of relief and said secretly, "The faucet is not as good as a dog, this is really not wrong." ”
His huge losses were caused by chasing the 'outdated faucet'.
Therefore, he has a deep understanding of this wise saying that circulates in the hearts of the majority of short-term investors, and at the same time, he ...... I won't make the same mistakes again.
And just when he was fully chasing positions in the field of 'securities and venture capital', waiting for the Shanghai Composite Index to rush to 2,500 points.
In the fund's core trading room next door to him.
Under the discussion of Gu Chijiang and Lin Tingzong, they are still making every effort to greatly reduce their positions in the stocks related to the 'mobile Internet' and 'smartphone industry chain', and for the stocks in the field of 'securities and venture capital' that are in full swing and are making a breakthrough, they are basically not bought, maintaining a completely short position in this field.
According to Lin Tingzong's words......
That is, since the opportunity to open a position has been lost, there is no need for any chasing higher when the bull market pattern is not completely determined.
Follow Lin Tingzong's operation strategy.
In trading, since you have lost the opportunity and the most suitable opportunity to open a position, you can only wait for a clear investment opportunity on the right side, after all, this is the only ...... In order to minimize the investment risk.
And at the same time......
Yanjing, within Anlan Fund; Magic Capital, Zexi Investment Interior; Shenzhen market, inside Xinniu Fund Company.
All fund managers, as well as core traders, have roughly guessed the motive of the wealth road, at this moment have also chosen to operate almost the same as Jingda Investment, in the majority of retail investors, floating capital, institutional groups to follow the trend, have been optimistic about the Shanghai Index to 2500 points, choose the rapid retreat!
Of course, like Minghui Capital, which has long been reminded by Su Yu.
At this moment, Xu Zhongji has completed the liquidation of his funds and maintained a short position.
But...... In the face of continuous breakthroughs in the market, it is obvious that he is about to rush to 2500 points, he is actually beating a drum in his heart, and he is not sure whether he is right or wrong to completely give up the main line opportunity of 'securities and venture capital'...... Under his logic of guessing the resumption of the market IPO according to Su Yu's reminder, he inquired carefully and did not hear any definitive news about this.
Moreover, it made him speculate in his heart......
It is Su Yu's Fortune Road seat, which has not appeared on a large scale in the selling seats of the Dragon and Tiger List of the two cities recently.
"Mr. Xu, in the past two days, the market has been really strong!" Fund manager He Hong stared at the market changes, "The Shanghai Composite Index is approaching 2,500 points, look at this situation, maybe there will be 100 points of Changyang today, we ...... Is it wrong to fully liquidate positions and give up the main line opportunity of 'securities and venture capital'? ”
Xu Zhongji took his eyes off the big screen showing the market, glanced at He Hong, and asked, "Do you think it's wrong?" ”
"Nope!" He Hong laughed awkwardly and said, "In essence, the line of 'restructuring backdoor' that we fully liquidated is very correct. ”
"It's still Mr. Xu's wise ......"
"If we don't fully liquidate at that moment, we will come out regardless of the cost."
"Now the net value of the fund, I'm afraid it has withdrawn by almost 15%, that is, ...... It's a pity to miss the main line of 'venture capital and securities'. ”
"It's a pity, but there's no way around it." Xu Zhongji sighed softly and said, "Who would have thought that the line of 'securities and venture capital' would be out of control as soon as it was launched?" And...... When we fully cleared the line of 'restructuring and backdoor', the line of 'securities and venture capital' had already broken out in full swing, and at that time...... We have lost the opportunity to open a position. ”
"In the logic of a bull market, there is no complete certainty in the case of ......"
"Chasing the 'securities, venture capital' sector is not in line with my operating logic after all."
"Hey, there is always no such thing as the best of both worlds in the world, and if we miss this opportunity, we can only admit it, otherwise...... At this time, if you change your strategic plan and chase higher, it may really be worth the loss. ”
"If this wave of the index really stands firm at 2,500 points, what will we do?" He Hong hesitated for a moment and continued to ask, "You can't continue to empty the position, right?" ”
Xu Zhongji pondered for a while, and also felt a little anxious in his heart.
To be honest, such a strong trend in the market was a big surprise to him.
Originally, he expected that after the short position, he would step on the short market, but he really stepped on the situation of the full-scale riot of the brokerage sector, and the index continued to reach new highs, and his heart was still a little uncomfortable.
"Take a step, look at a step!" Xu Zhongji thought for a while and said, "If there is really a clear investment opportunity on the right side of the market, which proves that our investment strategy is wrong, then it is reasonable to adjust it immediately, as for now...... Let's take a look first and wait for the certainty to come out. ”
Although he felt that it was a pity to step on the market.
But deep down in his heart, he still agrees with the basic logic of the bull market that Su Yu said when he was in Yanjing, and always believes that the time for a comprehensive bull market in the market has not yet come.
At the same moment, of course.
In the magic capital, inside the Yinghui Fund, in the trading room, Liu Guanhai, a fund manager who held a completely opposite view to him, stared at the market of the securities momentum like a rainbow, and was very happy.
In two days, he has filled all his fund holdings in securities.
At this moment, the 'Yinghui No. 1' fund product he manages is already full of securities, and in two days, the entire net value of the fund has skyrocketed by 6%, but he finally has a sense of pride.
"Xiao Shao, do you still have any questions about the market now?"
Liu Guanhai smiled with a smile on his face, glanced at the head of the trading group who had opposed him to the bull market line of 'securities and venture capital' in an all-round way, and asked.
Shao Xiaoyun replied: "I reserve my opinion, but for now...... The manager was right! ”
From the actual trend of the current market, Liu Guanhai's trading strategy is right, and this instant investment strategy has also brought greater profits to the company's fund products.
But Shao Xiaoyun is still skeptical about whether the market can become a comprehensive bull market.
"You......" Liu Guanhai shook his head, "The market's analytical ability, as well as trading talent, are all there, but sometimes the idea is too conservative, if we don't catch up with this wave immediately, it will be completely empty, and if you want to enter the market again in the future, the cost of buying will be much higher." ”
"In trading, sometimes...... The timing was instantaneous. ”
"If you can't grasp it, you have to pay a lot of cost space."
"Well, thank you for the teacher." Shao Xiaoyun nodded, and he still agreed with what Liu Guanhai said.
"Manager......" Shao Xiaoyun paused, and said, "Do you think you can pass 2500 points today?" ”
Liu Guanhai glanced at the trading time and said: "Today's half-day trading volume, compared with yesterday, still has not enlarged much, I want to go directly, there is pressure, but even if I can't pass today, I can pass tomorrow, the index is here, breaking through 2500 points, it should be a sure thing, after all, everyone is looking forward to it." ”
"I don't think it's that easy." Shao Xiaoyun said, "Today's more than 10 o'clock that wave of market diving, although now, is resolved, but that wave of chips smashing, is very violent, and the volume looks huge, the manager knows that the market expectations have been formed, everyone is looking forward to the Shanghai Index to break through the 2500 point pressure barrier, open up a new market space, do you not know this super main fund?" ”
"I always feel that the main funds of that wave of smashing are not small, and they are ...... It's meant to be meaningful! ”
"You say ......"
Shao Xiaoyun pondered for a while and said, "Could it be the capital of Fortune Road?" If that wave of diving is the road of wealth smashing, then the market will be in big trouble, after all...... If the dragon and tiger list in the afternoon, the wealth road appeared on the list of large-scale selling, in the main line of 'securities, venture capital', has been held high and slammed into 4 or 5 trading days in a row, once the huge profit plate is all poured out, the market sentiment will be reversed in an instant, and ...... This has to be a situation where the market can't have any bearishness, and if there happens to be any negative at this time, the situation will be even worse. ”
"Thinking too much, huh?" Liu Guanhai said, "The tickets of Oriental Securities, Oriental Ventures, Shibei High-tech and other votes in the main warehouse of Fortune Road are still sealed on the price limit, and basically no amount of energy has exploded, can this be said to be a large-scale warehouse of Fortune Road?" And...... Don't take the impact of this money on the market too high. ”
"You look at the two core main lines of 'mobile Internet' and 'smartphone industry chain' in his fund's main position."
"How many people have been set up these days?"
"There is no myth of invincibility in the market, this man ...... It's just a few times to step on the wind. ”
"You want me to see it...... This time, he didn't get many high-quality chips at all on the main line of 'securities and venture capital', and he remembered that many stock chips such as Oriental Securities, Oriental Ventures, and Shibei High-tech were still grabbed on the price limit, even if he chased a lot of chips in the future. ”
"He doesn't have any cost advantage on this main line."
"Smashing at this time? Didn't he smash himself? ”
"But the manager didn't think that after the Fortune Road was eager to get out of the warehouse on the two main lines of 'mobile Internet' and 'smartphone industry chain', it was ...... Has the market changed from the 'mobile Internet' and 'smartphone industry chain'-based GEM to the main line of 'securities and venture capital'? Shao Xiaoyun expressed his worries, "I feel that the two main lines of the gem and the 'mobile Internet' and 'smartphone industry chain' have been so weak recently, and they have been completely abandoned by the main funds in the market, because the main positions of the wealth road have long been lost in those two main lines." ”
"I still remember the performance of Fortune Road in the 'Shanghai Free Trade Zone'......"
"That's a fight!"
"In my opinion, this is a very good latent fund, we can't take it lightly, and we must also have insight into its motives and market traces."
"Okay, I've got it in my mind!" Hearing that the head of the trading team of his team actually held such an opponent as Fortune Road so high, Liu Guanhai couldn't help frowning, the joy just now was obviously lower, waved his hand, and said, "You still have to keep your opinion, right or wrong, the market trend will be verified." ”
After speaking, he put his eyes back on the market displayed on the large screen in the trading room.
Saw......
At this moment, the Shanghai Composite Index has refreshed the intraday high to 2488.86 points, closer to 2500 points, and as a securities sector that drives the index upward, the rise has also refreshed the intraday high, to the position of 7.01%.
Even CEFC Securities, Huatong Securities, and Huashang Securities are the market capitalization leaders of several major securities sectors.
The increase has also exceeded 8%.
The same beautiful performance of the 'venture capital' concept plate, the rise has also reached about 6%, in the plate, more than 10 stocks up and down, the same, the 'Internet finance' concept plate, is also a big explosion, its rise, closely followed by the 'venture capital' concept plate.
As for the main lines of popular concepts in the early stage, such as 'mobile Internet', 'smartphone industry chain', and 'restructuring backdoor'.
At this moment, it has been completely abandoned by the main funds, and the related core stocks, such as 'Huaqingbao, Changqu Technology, Fenda Technology, Internet Speed Technology, Anjie Technology', etc., are all sharply adjusted, covering the top of the two cities' declines, and the disk funds are all showing an outflow state.
Then, the time quickly reached 11:30.
The Shanghai Composite Index did not refresh the intraday high, but the strong trading pattern of the two cities has not changed, the mood is still hot, and the attitude of all kinds of funds to follow the trend is still strong.
After the midday close......
Everyone's discussion of the market is even hotter.
The institutions and media that sang more have even shouted the slogan of capturing the 2,500-point high ground.
However, under the influence of extremely hot and crazy emotions, the Shanghai Composite Index still failed to refresh the intraday high, and took another step towards the 2500 point mark, but ushered in a dive and fell to the 2480 mark under a wave of extremely fierce main selling orders.
"I feel that the securities can't expand the amount of energy, and they can't go up!"
Seeing that the index charged several times, but returned several times in vain, in the market, among the retail investors who paid attention to the market, some people finally found out that something was wrong.
"It's hard to stand alone, it's hard to stand alone! At this time...... The insurance and the bank are two big pieces of hair strength. ”
"Yes, the rise of the securities sector has reached the limit, this time ...... As long as insurance and banks can rise by 1.5 points, the Shanghai Index will be able to cross the important threshold of 2,500 points, and as long as it crosses 2,500 points, new space will be opened, and the investment funds on the right side of the market that are still waiting and watching will definitely surge, and the time will come...... The market volume is guaranteed. ”
"Indeed, it's one step away!"
"This step will definitely be passed, after all, it is all on the threshold."
"In fact, the securities are not unable to go further, the key is that there is no super main capital owner to seal the leader of CEFC Securities, as long as CEFC Securities seals the board, the securities sector, it will definitely go straight to the collective limit."
"It's difficult to seal CEFC Securities, a super large-cap stock with a circulation of 100 billion!"
"It's really difficult, to seal this check, you have to start with 1 billion funds!"
"It's a pity that Zhang Mengzhu is still wandering around the Hong Kong stock market, and he has not completely returned to the A-share market, so I can't see the coquettish title of CEFC Securities."
"What about Fortune Road and Jiefang South Road?"
"The two bigwigs are also the first-class top players in the market, at this time...... You should have the courage to do that. ”
"On CEFC Securities, there are too many institutions gathered, and the operation methods of Fortune Road and Jiefang South Road are rarely in company with institutions, and it is difficult for them to seal CEFC Securities!"
"Relatively speaking, it's easier to pull 'insurance and banking', right?"
"It's also difficult, the logic of insurance and banking is not as hard as securities, and it's ...... The market volume is insufficient, do you see that several popular main concepts in the early stage of the GEM have been drawn blood? ”
"It only depends on whether the institutions can work together here."
"We must work together, if this wave can't pass, it will be too hurtful."
"Yes, if you can't get by, the market is very likely to turn from long to short, after all, the important pressure is here, if you can't get over, the adjustment is coming, and the profit orders that have been piled up in the market for so long will definitely not be watched on the wall again."
Crowd discussion, 1:42 a.m.
After the Shanghai Composite Index hovered between 2470 and 2480 points for nearly 20 minutes, the market finally began to choose its direction again.
I saw a large-scale main purchase of funds, and began to attack the insurance and banking sectors in an all-round way.
As everyone expected, in the case that the rise of the securities sector has reached the limit, and it is no longer possible to continue to expand the amount of energy and attract funds to continue to chase higher, the main funds of various institutions have chosen to pull the two super big players in the insurance and banking markets.
However, in the insurance and banking sectors, the future expectations are not strong, and there is no hard logic to support them.
And in the current situation that there is not much follow-up capital in the market.
The strong attack of the main funds from all walks of life not only failed to gather the surging follow-up effect and the trend of strong breakthroughs, but just pulled up the two super plates that swallowed up the funds, and the other market industry sectors and concept plates further lost blood, and the phenomenon of the main funds fled.
"Stupid, just stupid!"
Seeing the super main institutions of the market, vainly trying to pull insurance, banks, and drive the index to rush to the customs, Yuhang Investment Company, in the internal trading room, Su Yu couldn't help but scold: "The market funds are obviously insufficient, and this kind of market gold-swallowing beast is pulled. The difference is in the small and medium-sized board and the gem, not the weight, why don't you understand? ”
At the moment, market expectations are still there.
According to his understanding, if the main force of these institutions is willing to push the small and medium-sized board and the gem with obvious serious blood loss, maybe the index can still touch the position of 2,500 points, but now it is ...... It's completely hopeless.
"Li Meng, speed up, let's get out of the warehouse without discrimination!" Su Yu sighed and instructed, "The index has touched the critical value, 2500 points can not be touched, the market sentiment is about to be fully reversed, and the on-site profit plate that was watched before is estimated to be smashed and profit-taking...... Most of them are about to start competing for market liquidity. ”
"Understood!" Li Meng responded and quickly gave relevant instructions.
At this moment, she also felt that the market potential had been exhausted, and the bulls could no longer sustain themselves.
With her command given......
The next moment, at 1:46, in the 'securities, venture capital' sector, almost all the popular core concept stocks, including the price limit board blocked, Oriental Securities, Oriental Ventures, Shibei High-tech, Zijiang Enterprises and other stocks that did not have much volume throughout the day, suddenly broke out with extremely terrifying energy.
The continuous 10,000-hand large order fully bombards the board.
Within a minute, Shibei High-tech and Zijiang enterprises broke the board, and the stock price plummeted.
Within two minutes, more than 400,000 hands of Orient Securities were consumed, and the two funds managed by Su Yu smashed 100,000 sell orders in a row on this stock.
Within three minutes, Oriental Entrepreneurship broke the board, and the turnover climbed rapidly.
At the same time, on the disk of CEFC Securities, Huatong Securities, Huashang Securities and other weighted stocks, there were also waves of 10,000 large orders smashed out one after another.
With the number of 1 billion, 2 billion funds, desperate to smash out.
The two cities ushered in a crazy dive.
At 1:51, the Shanghai Composite Index broke through 2465 points and lost the intraday shock support platform that hit 2500 points.
At 1:55, the Shanghai Composite Index broke through 2450 points, and the increase retracted to less than 2%.
At 2:02, the Shanghai Composite Index broke through the 2440 point, the increase retracted to less than 1%, and left a long upper shadow on the K-line chart again.
At 2:15, the Shanghai Composite Index broke through the 2430 point and returned to yesterday's closing position, engulfing all the gains of the day.
In the more than 20 minutes that the index has been diving wildly, the overall market has also changed dramatically.
I saw that the strongest securities sector in the two cities rose from the highest 7% increase position to a straight cut in half, and changed to around 3.25%.
The 'venture capital' concept sector also retracted from a maximum of about 6% to around 2%.
As for the insurance and banks that were mainly attacking more than 20 minutes ago and were ready to help the index rush through the customs, they have been surging to follow the trend and sell the market, smashing green across the board and going deep into the water.
The main concepts of the small and medium-sized board and the gem, and the popular stocks in the early stage.
At this moment, it is even more miserable.
Among them, Xinwei Group once again went straight to the fall limit, and a number of popular high-level stocks in the early stage, such as Huaqingbao, Changqu Technology, Netspeed Technology, and Fenda Technology, fell by more than 7%.
Then, when the market was in the market, shocked investors thought that such a sharp decline could be recovered at the end of the session.
He also believes that all the sharp declines in the market are good opportunities to buy.
When the time jumped to 2:30, a more violent and crazy sell-off began to ravage the market, and further rapid diving came.
At 2:35, the Shanghai Composite Index turned green, and the ChiNext Index fell by 1%.
At 2:42, the Shanghai Composite Index fell by 1%, completely making up for the gap between the gaps and the high, while the ChiNext Index fell by 2%, and the two cities fell to more than 20 stocks.
At 2:45, the core popular sector, the rise in securities fell back to about 2%, and the rise in the 'venture capital concept' sector fell back to around 1%.
At 2:51, the Shanghai Composite Index fell by 1.5%, the ChiNext Index fell by 2.73%, and more than 30 stocks fell in the two cities, and the stocks with a limit have fallen from 42 at the peak to 12...... Among them, Hengxin, which has touched the potential of 10 days and 9 boards, has stepped out of the sky floor effect, venture capital concept stocks, and 10,000 enterprises, and has also stepped out of the sky floor situation.
At 2:53, the core stocks of the brokerage with a rise of up to 9 points, Huatong Securities, rose to about 1%, and the full-day turnover soared to the 4 billion mark, and the rise of CEFC Securities at this moment also fell back to around 1%, and the main funds of the two core stocks have changed from the previous sharp inflow to a large outflow.
At 2:55, the Shanghai Composite Index fell by 2%, breaking through the 2,380-point mark, not only the 2,500-point mark could not be touched, but even the 2,400-point mark was lost.
Finally, the market closes at 3 o'clock.
The Shanghai grid was 2,378.36 points, down 2.13%, and the ChiNext grid was 1,315.32 points, down more than 3%.
As for sectors and individual stocks.
All industries and concept sectors in the two cities, only the securities sector, maintained a slightly red state, and the rest ...... All of them showed a downward trend, which was completely different from the situation in the morning and even at the close of the afternoon session.
In the falling sector, the ST sector set off a wave of falling limits, with 15 ST stocks falling to the limit.
Then there are 'mobile games', 'film and television media', 'wearables', 'Apple concept' and other sectors that fell significantly, more than 4%, leading the two markets.
In terms of individual stocks, the hot high-level stocks in the early stage, suffered a huge sell-off of the main funds, either in the fall limit, or in the 7 points below the limit, the only strong securities sector, there is no stock limit, the core leader Oriental Securities was smashed from the price limit, fell back nearly 8 points before stopping, and finally closed up only 2.11%, as for other brokerage stocks...... It's even more miserable.
After closing......
In the face of today's great reversal in the market, in the face of this tragic slaughter.
All investors who are looking forward to a bull market, including many of the main institutional and capital players who do not know that there is a potential huge negative pressure in the market, are ...... I felt that from head to toe, a basin of cold water was poured on me, and the fiery heart was cold in an instant, and the belief in the bull market collapsed one after another!
ps: 10,000 words, ask for votes!
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