Li Meng nodded in response, and quickly gave instructions to the traders to continue to reduce their positions.

Subsequently, the stocks held by the fund, such as Huatong Securities, Orient Securities, Oriental Venture, Shibei High-tech, Zhangjiang Hi-Tech, Zijiang Enterprise and a number of popular stocks of 'securities and venture capital', encountered stronger selling, and the stock price fell at a faster rate, and the overall rebound trend of the two cities was completely reversed.

And with the diving of these stocks......

Many concept stocks in the direction of small and medium-sized boards and gems also dived, and the follow-up sentiment of active funds further collapsed.

"Diving again, it's toxic, why does the index start diving every ten o'clock?"

Seeing that the hot stocks in the market have dived and rebounded, the situation was reversed in an instant, and some of the retail investors who followed the trend were very angry.

"Isn't Fortune Road already a large-scale clearance? Who's smashing! ”

"Damn, it's so weak, the potential Hengxin can't be driven by 11 days and 10 boards, it's hell!"

"You won't lie again and copy yesterday's trend, right?"

"Probably not, if you really want to kill the market today, there is no need for the main funds to pull the index up from the deep water, I think this wave of diving will definitely be stable."

"Even if the rebound fails, it shouldn't fall below the morning low, right?"

"It's hard to say, the 'Oriental Three Musketeers' have all collapsed, and no one has done anything about the popular concept stocks in the early stage of the small and medium-sized board and the gem direction, and the money-making effect of the market is dissipating rapidly, so go on...... The sell-off will only get heavier and heavier, and the funds willing to follow the trend will only become less and less. ”

"Bad luck, bad luck...... This dish is really depressing. ”

"The east of Zhejiang has turned green, what a ...... actually turned green, it was obviously good before, why suddenly, the selling became so heavy. ”

"Hey, 10,000 enterprises have also re-sealed the fall limit, damn it...... I still copied the bottom today, and I was buried again! ”

"Really...... I saw a sharp pull in the index in the morning, and I shouldn't have entered the market. ”

"It has been said that the large-scale liquidation of Fortune Road and the profit take-profit, the market must have turned, and at this time, I am still holding on to the luck, it is really licking the blood from the knife."

"Hey, Orient Securities has also turned green, and sure enough...... What a deception! ”

"It's a bull market!"

"In the past, the market was easy to rise and difficult to fall, and any intraday diving could be quickly recovered, but now, look at the situation...... The market has really turned. ”

"Securities and venture capital were originally speculated in bull market expectations, and now the expectations are almost gone, so securities and venture capital naturally have no logic to rise, and it is normal to fall, right? Look at this...... Not to mention falling back to the original position at the start, it will have to fall by at least 10% to stop. ”

"Securities and venture capital said that the expectation is weakening, and the stock price correction is understandable, so what is the reason why the small and medium-sized board and the gem have been so weak recently?"

"It's just a lot!"

"The GEM refers to the growth rate from more than 700 points to more than 1,300 points, which has almost doubled, and the core constituents in its sector have risen by 2 or 3 times at every turn...... No matter how good the future expectation is, the stock price cannot go up all the time. ”

"I think it's mainly at the end of the year, the financial situation is tight, right?"

"The financial side is tight, why wasn't the financial side tight before? It's just that the funds have been tight for the past two days? ”

"Could it be that there is some major negative news in the market that has not been released?"

",...... Huatong Securities has also turned green, hey, the market seems to be ...... today There's no hope left! ”

In the extremely heated discussion of many retail investors, at 10:35, the Shanghai Composite Index turned green, and the ChiNext index fell again to 1.23%, almost all of the "securities, venture capital" hot stocks, have encountered heavy selling pressure, the increase from the intraday high, fell by half, and there are many relatively weak concept stocks, has fallen underwater, the decline exceeded the low opening range at the opening, and all the investor groups chasing positions today.

At 10:38, the whole market fell into a situation of pullback and diving.

Twenty minutes ago, the price limit had just been sealed, setting a potential of 11 days and 10 boards, and its disk was once again greatly increased, a huge amount of selling was pouring out, and the sealed orders were sharply reduced.

At 10:39, the potential Hengxin broke the board, the stock price fell rapidly, and the height of market speculation was lost.

At 10:40, under the influence of the potential Hengxin breaking board, the market actively followed the trend of the tour capital retreated sharply, and the popular stocks gathered by the tour capital ushered in a further dive.

At 10:41, the turnover of Zhezhou Oriental exceeded 500 million, a decrease of 3.33%.

At 10:43, Orient Securities, which followed the trend and dived, also fell by 2%, approaching the decline at the opening, and at this moment...... Zijiang enterprises in the "venture capital" concept sector suddenly crashed, falling within 1 minute, that is, from around 1% to 6%, and the panic disk surged out.

At 10:46, the Shanghai Composite Index fell to more than 0.5%, and market investment sentiment further collapsed.

At 10:55, the Shanghai Composite Index fell to 1.25%, and the ChiNext Index fell to 1.79%, both of which engulfed all the rebound gains after the opening, burying all the investors who chased in the day.

"Teacher, he's really still selling!"

Seeing that the index is in continuous diving, 'Oriental Ventures, Oriental Securities, Huatong Securities, Shibei High-tech' and other wealth roads yesterday on the list of large-scale sold stocks are still emerging related synchronous selling, Yanjing, Anlan Fund, in the trading room, Xie Wanting said excitedly: "Look at these stocks...... The traces of synchronous tossing are too obvious, and I feel that he still has a very large number of chips in his hand, waiting to play. ”

"I see it." Next to Xie Wanting, Zhou Guohua stared at the popular stocks displayed on the big screen in the trading room, and nodded slightly, "There have been billions of sells, and there are still such large-scale chips in hand, this guy ...... How much money is lurking! ”

In his career, he has never seen a trader like Fortune Lu Suyu.

It stands to reason that even if Su Yu deduced the result that the market IPO might restart through other information and news in the market, there is no reason to use billions of funds to bet on the outbreak of this line on such a large scale!

Sometimes...... He felt that the other party was a gambler.

But sometimes, I feel ...... The other party is simply a genius in terms of trading, market timing judgment and opportunity mining.

"According to the previous projections, as well as the signs of the market at the moment, I am afraid that there will be at least four or five billion scales." Xie Wanting thought for a while and said, "I didn't feel it at all before, I really don't know how he did it?" And when did you start sneaking in? ”

Zhou Guohua pondered for a while and said: "Such a large latent warehouse, I'm afraid it will start after the National Day, think about it carefully...... This guy is afraid that from the briefing organized by the regulator on the National Day, he judged the result of the imminent resumption of the market IPO. ”

"The layout is far-reaching, ah......"

"In this wave, the market of 'securities and venture capital' broke out, and most of the profits fell into his pocket."

"And...... Judging from the disk, many of the leading institutional funds that induced this round of 'securities and venture capital' market seem to be hesitating. ”

"The more they hesitate, the less likely they are to play in the end." Xie Wanting said, "Even if the position in his hand is still very large, but in the case that he has reduced his holdings of so many chips in the past two days, the estimated cost of these chips in his hand at this moment is very low." ”

"Such a low cost ......"

"At the moment when the market liquidity is gradually lacking and the news of the resumption of the IPO in the market is about to land."

"Smash the plate, I'm afraid there won't be a little hesitation."

"Other major institutions that have no cost advantage, if they are still hesitating at this time, it is estimated that they will always be harvested by the wealth road."

"People have a fluke mentality." Zhou Guohua smiled and said, "If you think that the wealth road has been cleared, and the impact on the disk has passed, then it is inevitable that you will have a fluke mentality, and before the news of the restart of the IPO in the market is officially announced, with the help of the gradually fermenting news, continue to speculate and transfer the risk to the majority of retail investors, but it is a pity that it ...... Sometimes the performance of the market always backfires, and your own cognition and judgment are always so ridiculous! ”

As he spoke, he turned his gaze back to the big screen where the market was constantly changing.

I saw that the Shanghai Index had expanded to 1.5%, the ChiNext Index had fallen by more than 2%, and all industries and conceptual sectors in the two cities had all turned green, and the entire market hotspots had been wiped out, and there was no place with obvious money-making effects.

And also at this moment......

Yanjing, inside Shenhua Fund, in the trading room; As well as inside the Modu Earnings Fund, in the trading room.

The relevant core traders and fund managers, in desperation, have completely turned long to short, and have taken the initiative to place orders and sell sharply to reduce position losses and profit drawdowns.

Similarly, in Shenzhen, Yuhang, Jinling, and Yuezhou...... etc.

Many of the main institutions and main funds gathered in the field of 'securities and venture capital' have obviously found that there is a problem with the market undertaking force and the market has no chance to turn around, and they no longer maintain any disk, and have begun to sell on a large scale, competing for the remaining liquidity of the disk, and taking the initiative to kill the fall.

As a result, funds from all walks of life have fallen and cut positions.

At 11:30, at the close of trading at noon, the Shanghai Composite Index further slipped to a decline of 1.87%, while the ChiNext Index fell by nearly 3%.

After the close of trading at noon.

Faced with a low opening rebound, and then a rapid fall, almost collapsed the market.

As long as they are still in the market, investors who have not taken out large-scale positions are all wailing and very depressed at the moment.

Among them, Mu Yao, the chief market analyst of Jingda Investment, who only intervened excitedly in the morning and thought that he could turn the tables on the spot, looked at the market that had been fixed blankly, his heart was like ashes, and his face was pale.

He blew up.

His personal position account, at 11:17, when Huatong Securities fell below the 3% point, was liquidated by the over-the-counter funding agency he financed, and at present, in the account, in addition to the principal of 1.16 million left, and the 2,000 Huatong Securities stocks that could not be sold today, there was nothing.

The 50 million principal he invested was basically zero.

The 41 million usury he borrowed was basically zero, with a total loss of nearly 100 million.

And such a huge loss, on his own, he can't make up for it, if his brother-in-law Gu Chijiang doesn't save him when he sees death, he will only have one way to jump off the building.

"Why? The resumption of market IPOs is obviously good for the securities and venture capital sectors, but why has it become such a continuous decline? Even though he had squandered his years of accumulation and owed a huge amount of debt, he was full of unconvincing in his heart, "You can pull it up, why do you have to smash it!" ”

Of course, at this moment, he is not the only one who has this question.

Yu Hang, within Minghui Capital, He Hong, the product manager of Minghui No. 2 Fund, also has the same question as him: "It stands to reason that the news of the resumption of IPO in the market is gradually spreading and fermenting, which is good for the field of 'securities and venture capital'...... Not only did it not pull it up, but it collapsed? ”

"The news of the resumption of IPOs in the market is fermenting and spreading, but this sector has been hyped in advance, and the overdraft is expected." On He Hong's side, Xu Zhongji thought for a while and said, "The position is good and the position is good, but the performance and market trend of the market should be completely different." ”

"But isn't the expectation of the 'securities and venture capital' riot a bull market?" He Hong asked.

Xu Zhongji replied: "Whether it is the bull market expectation or the news expectation of the resumption of the IPO in the market, in the continuous riot stage of 'securities and venture capital', it should be regarded as a reaction. ”

"It's good that we didn't chase this line......"

Xu Zhongji sighed with emotion, and secretly said that he was lucky.

If they hadn't resisted the temptation of the bull market and chased into the securities and venture capital sectors, there is a high probability that they would have been buried in the market now, in a dilemma.

"But the news has not really been announced." He Hong said, "Actually, I think there is an information time lag here, if the main funds want to make a disk, you can take advantage of this information time difference to pull the disk, and pass on the risk of losses and large drawdowns of profits at the moment." ”

"And in fact......"

"Looking at the market trend from 9:30 to 10:10 in the morning, the main funds in the market are indeed doing this."

"I just don't know why the differences suddenly began to widen, and everyone rushed to run."

Xu Zhongji thought for a while and said, "It's still because of the lack of incremental funds in the market!" The market selling pressure is heavier than usual, and under the emotional recession, the incremental funds that follow the trend will also follow the recession, which will not have so many funds to undertake the rebound, so ...... When everyone saw that they couldn't pull it up, they didn't have enough power to follow the trend and undertake, so they naturally changed hands and started smashing. ”

"But before the collapse of Zhezhou Oriental, the market was in the field of 'securities and venture capital', and it actually undertook a lot of volume." He Hong said, "I always feel that there are other negative aspects of the market that have not been shown. ”

"Other downsides?" Xu Zhongji was stunned.

Just as he wanted to continue to ask He Hong how he judged that there were other potential major negative effects in the market, he saw that at this time, an important noon announcement had popped up on his computer desktop.

Xu Zhongji hurriedly shifted his gaze and took a closer look, and couldn't help but show a look of surprise in his eyes: "Zhejiang Oriental Group issued a shareholder reduction plan, Wu Jinghao actually wants to reduce his holdings by 5% in the next three months, according to the current market value of Zhejiang Dongfang, this has to reduce his holdings by hundreds of millions!" ”

"Two days ago, the good news of the successful acquisition was released, and now the announcement of the reduction of holdings is too anxious, right?" He Hong also saw this important announcement, "Mr. Wu's appearance is too ugly." ”

Xu Zhongji pondered for a while and said: "I'm afraid it's not that it's ugly, but that there is a problem with the capital chain within Zhezhou Oriental Group, otherwise Mr. Wu shouldn't be so eager to reduce his holdings, no wonder...... Today, Zhezhou Dongfang is walking so strangely, but it turns out that there are funds in the field, and I got the news in advance. ”

"As soon as this reduction announcement comes out, there will be no hope for the afternoon market." He Hong said, "After all, Zhezhou Oriental is the core leading stock in this round of 'securities and venture capital' market. ”

Just as Hohiro expected......

After the announcement of Zhezhou Oriental's shareholding reduction, the stock trading forum of the whole network exploded in an instant.

Countless retail investors who hold the East of Zhejiang directly scolded, and the others ...... The retail investor groups that hold the two stocks of Oriental Securities and Oriental Entrepreneurship, as well as other stocks with a high-level adjustment concept, are also concerned and are worried that the stocks they hold will be affected by Zhezhou Oriental, or ...... It has also become the next Zhezhou East.

"What's special, Wu Jinghao's appearance is too ugly."

The announcement of the reduction of holdings continues to ferment, and Su Yu's main Yuhang tour capital group has participated in the speculation of Zhezhou Oriental, and the tour capital that has not fully appeared at the moment is also instantly angry in his heart.

"After a few price limits, when I saw that the stock price was speculated, I immediately issued an announcement to reduce my holdings, which was really ugly, and what was even more ugly was that it was released at noon, which was ashamed to be our business leader in Yuhang."

"The front is good, the back is reduced, and in the entire market, no one is more ugly than him."

"The previous acquisition case of Zhezhou Oriental is a bright card, and it has nothing to do with the good at all, right? It happened to meet the outlet of the outbreak of the 'securities and venture capital' market, so it flew up, and was hyped into a concept leader by various funds, with a large market premium. ”

"Even so, it can't change Wu Jinghao's ugly eating problem."

"It seems that there are a lot of people who have been killed by this earth-shattering thunder in the east of Zhejiang!"

"After all, it is one of the 'Three Musketeers of the East', and the relay funds after the opening of the board are more than 800 million, can the people who were killed be less?"

"Good thing I avoided the check."

"At that time, I saw that there were signs of opening the board in Zhezhou Dongfang, and I originally wanted to go on it, but then I considered that the check plate was not much smaller than that of Oriental Securities, and there was no internal Fortune Road seat bonus of Mr. Su, so I let it go, but I didn't expect it...... Now I've escaped! ”

"When the market opens in the afternoon, this check falls to the limit, and there should be no suspense."

"The key is not the problem of this check, but the overall impact of this paper reduction announcement on the market!"

"Indeed, Wu Jinghao did this, it is simply a very bad example with all the major shareholders of high-ranking stocks in the market, under this announcement, everyone is afraid that they will have to consider the problem of major shareholders of high-ranking stocks to reduce their holdings, and there is this hidden danger, who wants to relay high-level hot stocks?"

"Without the drive of high-level hot stocks, without these tickets to open up the market space, the market can go up!"

"Hey, retreat, retreat, don't be greedy."

"I originally wanted to do an over-falling rebound of a popular stock, but now it'...... I didn't dare to do it, for fear of being directly buried by the major shareholder. ”

"Mr. Su's Fortune Road seats have been greatly cleared and withdrawn, and he really shouldn't be nostalgic anymore."

"Sell, sell...... It's been a tiring two days. ”

"The money-making effect is disappearing rapidly, and the money-losing effect is intensifying, the difficulty of making money in the past two days has indeed increased many times, I thought that the potential Hengxin could open up the space today, and there was an emotional reversal, but the earth and the sky board were not sealed, and it is estimated that this check in the afternoon will be staged again."

"In the morning, all kinds of funds worked together, and they had barely reversed the decline and played out their emotions, but in the face of the collapse of Zhezhou East, the market failed to bear it! If it had been undertaken, there should have been a decent rebound today, but it's a pity...... In the end, there is only one way to step on each other. ”

"Even if it was accepted at that time, in the face of this announcement of reducing holdings at noon, it would have to collapse in the afternoon."

"That's right! Forget it, forget it...... It is most important to learn to empty positions! ”

When the news in the group was quickly refreshed, everyone discussed fiercely, and the market views were pessimistic, the time passed 1 o'clock in the afternoon.

I saw the two markets that had been suspended and restarted trading.

And when the market of the two cities began to beat rapidly, Zhezhou Oriental, which suffered a direct blow from the reduction of holdings, fell directly in a free fall posture within 5 seconds, and the lightning blocked the fall limit, and all the funds that were bought yesterday and today and had not appeared were all killed.

The same ......

With the flash drop of Zhezhou Oriental, a popular leading stock in the field of "securities and venture capital".

The remaining two stocks of the 'Oriental Three Musketeers', which have a strong correlation with the trend, Oriental Securities and Oriental Ventures, also dived in a straight line, and the decline instantly expanded from more than 3 points to more than 6 points.

Then, when the 'Three Musketeers of the East' collapsed completely.

All the core popular stocks in the field of 'securities and venture capital' associated with it are abnormal diving, and there are endless selling orders on the disk.

"The lethality of Zhezhou Dongfang is really not ordinary!"

Seeing the fall limit of a stock in Zhezhou Oriental, which directly led to the 'securities, venture capital' line was completely abandoned by funds, and it plummeted rapidly without resistance, and within Yuhang Investment, in the trading room, Li Meng was also taken aback: "Mr. Su, the liquidity of the entire market is drying up rapidly, almost all funds are being thrown, and the market undertaking force is getting weaker and weaker, so go on...... The market will inevitably fall unilaterally. ”

"No way." Su Yu said, "The trend reversed, and the slaughter began. ”

From the bottom of the market at the end of June to the present, the Shanghai Composite Index can go to around 2,500 points in a wave, and the GEM index can go to more than 1,300 points in a wave, which is already a big excess of many people's expectations, and it has overdrawn a lot of market expectations in the future and accumulated a very large profit.

In this case, the index peaks in the short term and the trend reverses.

In the future, it is expected to gradually become pessimistic, and the huge profit orders have begun to reduce positions and take profits, especially at the moment when the IPO in the current market is about to restart, the killing and falling of various funds will naturally not be polite, and at this moment, or the funds chasing higher in the past few days, will inevitably lose money.

"Let's ......," Li Meng paused.

"You don't have to worry about the plate, just reduce the pressure plate." Su Yu didn't wait for Li Meng to finish speaking, and directly ordered, "We don't have many positions left, and the cost of holding positions has been reduced to the extreme, even if the market plummets and reduces positions under liquidity, it will not have much impact on our profit drawdown." ”

"Okay!" Li Meng nodded, didn't say much, and continued to carry out Su Yu's instructions.

With the execution of the order, the reduction of the two funds in the relevant positions of the stock has become more brutal, directly a large order of thousands or thousands of hands, pressing the liquidity of the disk to sell.

Of course, in a trading environment that has almost reached a consensus, they are not the only ones who are pressing and selling orders.

Many investors, large investors, and major institutions, when they find that the market is no longer able to return to the sky and can no longer rely on emotions to prevent an effective rebound, almost all of them are liquidating their holdings, after all, at this time...... The market trend has just reversed, the market investment sentiment has not completely subsided, with a glimmer of hope, there are many retail investor groups, although the liquidity is not as good as the previous day or two, but compared to the lowest time in the market, it is still abundant.

If it does not decrease at this time, it is still sufficient to compete for this point of liquidity.

When the market sentiment completely cools down, the market returns to that lifeless gloomy situation, and begins to shrink sharply, then no one will take over if you really want to sell.

So......

In the case that almost all the main funds are sold sharply.

The market completely lost resistance, and from the moment of the fall limit in Zhezhou East, it became a continuous unilateral downward trend, and there was no effective rebound.

Finally, at the close of trading at 3 o'clock.

The Shanghai Composite Index fell 2.87% to 2321.21 points, and the ChiNext Index fell 3.65% to 1271.46 points, with a total turnover of 128.6 billion yuan in the two cities, which shrank compared with yesterday, but did not shrink much, and the two major indexes fell below the 15-day line, K-line pattern, completely bad.

In addition to the index, the performance of sectors and individual stocks is also extremely poor.

All industries and concept sectors in the two cities, none of them are red, real estate, infrastructure, medicine, petrochemical industry fell slightly, remaining within 1 point, and the others are above 1 point of decline, even the banking sector of the market stabilizer of the two cities, its decline has reached 2.13%.

As for the popular concept sector that has attracted much attention, and its hot stocks, almost all of them led the decline today.

First of all, the front of the performance of four or five consecutive trading days, high and high, out of the concept of the concept of the sector rose by an average of 20% of the 'securities, venture capital' two major concept plates, today these two major concept plates collapsed, the decline is more than 4%, its related core concept stocks, Zhezhou Oriental fall limit, 10,000 enterprises fall limit, Oriental Securities, Oriental entrepreneurship all fall limit, Shibei high-tech, Zhangjiang Hi-Tech fell 7 points, Huatong Securities fell 6.86%, CEFC Securities fell 5.63%......

The second is the concept of 'restructuring backdoor' that has been seriously overfallen, and the concept of ST delisting risk warning.

These two conceptual fields have no performance today, and they are still completely abandoned by the main funds, among which the market value of Xinwei Group has fallen below 50 billion, compared with the peak of 80 billion, almost cut in half.

Finally, it was hyped up in the early stage, and they have stepped out of the conceptual fields related to the 'mobile Internet' and 'smart phone industry chain', which have risen several times.

These two major areas are also miserable today.

Related popular stocks, such as Hua Qingbao, Changqu Technology, Fenda Technology, Netspeed Technology, LeTV, etc., all fell by more than 5%.

There is also the field of 'Internet finance', which has followed the line of 'securities and venture capital' and has performed slightly.

Today, too, they were slaughtered by funds.

Related core concept stocks, Shanghai Ganglian fell to the limit, Huake Jincai, Sunline Technology, Jinzheng shares, etc. fell by more than 5 points, and Flush, Oriental Wealth, Hengsheng Electronics, etc., their declines were also greater than the decline of the GEM index.

In the face of such a closing result......

Faced with a two-day drawdown of nearly 20% and 30% of many votes.

Investors in the entire market are extremely depressed and unwilling, and at the same time, many people still have hope for the market outlook after complaining.

After all, it has only been down for two days, and the index is still above the 20 antenna, everything is ...... There is still hope.

However, when the Dragon Tiger list came out.

When the main funds and floating funds of all parties in the market, as well as the majority of retail investors, saw that Fortune Road was once again on the list of five popular stocks for sale, they were extremely shocked, and their hearts, which were still holding a glimmer of hope, instantly sank to the bottom.

7017k