When the main lines related to the 'concept growth stocks' in the Shenzhen market re-entered the extreme speculation of emotional outbursts.

In the direction of the main board, the main line of 'large infrastructure', which could still occupy part of the active liquidity share of the market, as well as the main line areas of 'traditional finance', 'big consumption', and 'medicine', instantly further 'lost blood', and the active undertaking funds on the disk, as well as the corresponding buying funds, began to decline rapidly, and at the same time ...... The amount of selling funds on the disk and the concentrated selling volume have also begun to increase rapidly.

And the two main directions, the strength of the trend is contrasted.

The Shanghai Composite Index retreated step by step, and the Shenzhen Index, the ChiNext Index, and the Small and Medium-sized Board Index rose step by step, breaking through rapidly, resulting in the strength and weakness of the Shanghai and Shenzhen Markets, and at the same time, the gap between the Shanghai Composite Index and the Shenzhen Index, the ChiNext Index, and the Small and Medium-sized Board Index.

Finally, when 11:30 arrived, the two markets ushered in the midday close.

The Shanghai Composite Index retraced to the 2305 point line, and the increase reined to within 0.5% again, while the Shenzhen Index, the ChiNext Index, and the Small and Medium-sized Board Index rose by more than 1% again.

Faced with such a midday closing situation.

The majority of investors in the market are still relatively satisfied, but the performance of the Shanghai Index is somewhat unsatisfactory.

"The Shanghai Composite Index has retracted below the opening point, hey...... If the Shanghai Index wants to fully stand firm at 2300 points, it seems that it is still relatively difficult, and the active liquidity of the main board feels that it has been sucked away by the small and medium-sized board of the Shenzhen Stock Exchange and the growth enterprise board. ”

"Indeed, the active liquidity of the main board has been completely absorbed by the small and medium-sized board and the gem of a number of 'concept growth stocks', which has also led to the traditional main line areas such as 'big infrastructure', 'big finance', 'consumption', and 'medicine', which basically have no capacity for active buying."

"Today's market volume has expanded a lot compared to yesterday, right?"

"However, it can be seen that it is still the stock game, in the direction of the small and medium-sized board and the gem, as soon as the line of 'concept growth stocks' is strong, the main board will be weak, which is to put it bluntly...... It is still the amount of capital that the main buyer of the market can not support the comprehensive market and cannot achieve a general rise. ”

"In addition to the reason for the amount of funds, the most important thing is the expected change, right?"

"Well, it's obvious that the two core main lines of 'mobile Internet' and 'smartphone industry chain', which have been speculated for several rounds before, are expected to rise again."

"These two main lines are the most imaginative industry outlets in the current market."

"In fact, in the past two years, the overall performance of the market has been a situation of 'Shanghai is weak and Shenzhen is strong', and now this trend is not unexpected."

"Specifically, the strong breakthrough trend of the Shanghai Index in April and May is an accident."

"That's right, in fact, the market trend in the past two years has been dominated by the two main lines of 'mobile Internet' and 'smart phone industry chain'...... It is not an accident that the main funds of all parties in the field are once again converging in these two directions. ”

"It's not surprising, but I think that the adjustment of these two main areas does not seem to be particularly sufficient, and compared with the entire market, whether it is the valuation or the historical position of the stock price, it is not low, and then ...... After so many waves of hype ahead, how much more can be played in the upward expectation? ”

"No matter how many expectations can be made, at least the 'growth' of these tickets is still the best in the entire market, right?"

"'Mobile Internet' and 'smart phone industry chain' the two main directions, the related industry growth logic, there must be no problem, but the 'growth' compared valuation, as well as the comparison of market expectations, really do not see anything worthy of investment and continuous speculation, the key is that this is about to the semi-annual report of the centralized disclosure time, these 'growth stocks' in the market high expectations, in case the performance is less than expected, the stock price is killed, it is also quite terrifying."

"In general, participating in these votes is high-risk and high-return."

"There is a high probability of high risk, high return is not necessarily, just say the line of 'film and television media', this is the third day of continuous skyrocketing, if you continue to increase your position here to follow the trend, who can guarantee how much space there is in the follow-up? On the contrary, it is the line of 'big infrastructure', I think the adjustment is almost, and no matter from which aspect of the analysis, it is also expected to have expectations, emotions to have emotions, to have performance, the valuation is still very low, and at the same time, there are several large funds in charge of the 'Yuhang Department' led by Mr. Su are optimistic about large-scale lock-ups, and there is no reason to have no market in the future! ”

"The line of 'film and television media', the risk of current participation, is definitely not low, but the entire field of 'concept growth stocks' is not only the line of 'film and television media'! Today's outbreak of the 'Apple industry chain' line, as well as a number of riots of 'mobile Internet' concept stocks, are very good, these tickets on the disk, you can clearly see the traces of large-scale involvement of the main funds. ”

"In terms of investment logic, no matter how much analysis there is, it is useless, in fact, I want to say...... In a word, just follow the main funds of the market, after all, our funds are small, and in terms of transfer and conversion, it is not such a large institutional fund, there is no need to look at the long-term, where there is a market, just do that area. ”

"That's right, but I'm afraid that if I chase at a high point, my backhand will be buried."

"The main concern is the continuity of the market in the direction of 'concept growth stocks', after all, stock speculation is the future, rising today, and if it falls back tomorrow, it is better not to buy."

"That's right, although this morning, the small and medium-cap 'concept growth stocks' in the entire market have done well, but the overall hot market rotation is still quite fast, and it has not shown strong continuity."

"The line of 'film and television media' is not considered to have strong market continuity? Huace Film and Television, Ciwen Media, and Wentou Holdings have all voted three times in a row. ”

"Is the one-word price limit also considered to be a strong continuity?"

"Not to mention the checks of Huace Film and Television, Ciwen Media, and Cultural Investment Holdings, then Huayi Brothers and LeTV can always be said to have good continuity, with a daily limit for three consecutive days, and they are basically changing hands."

"Today, Huayi Brothers and LeTV are indeed doing well,But these two checks,There are hidden worries about the large-scale profit-taking position of the 'wealth road',The mood is not very strong,These two checks really want to go out of the leader's appearance,I'm afraid you have to look at today's after-hours dragon and tiger list data,And after tomorrow's market trend test,And although these two checks are very resolute today,I always feel that the disk trend,There is something abnormal."

"Agreed, I also feel that these two checks are trending quite weirdly today."

"In any case, today's offline investment strategy of Modu, so many large institutional asset management bigwigs are optimistic about the two emerging industries of 'smart phone industry chain' and 'mobile Internet', which should be enough to show that the market in these two fields is not far behind."

"Hehe, which of these people's public statements is right?"

"This is true, an open opportunity is often not an opportunity, but the analysis report of Mr. Liu of the 'Pingyin Asset Management Department' can still be taken a look, and his judgment on the macro trend of the market is still quite accurate."

"It doesn't matter if these people are right, the important thing is that there are indeed a lot of main funds to increase their positions on the market of all kinds of small and medium-sized growth stocks today, and this feature is in the core 'Apple industry chain' stocks, as well as popular growth stocks such as LETV, Huayi Brothers, Internet Speed Technology, Inspur Information, Huaguo Software, 2345, etc., the performance is particularly obvious, anything in the market can deceive people, but the flow of real money and silver funds, should not deceive people, right?"

"In the same comparison, after the Dragon Boat Festival, it once supported the market rebound, and continued to absorb a lot of main funds with the main line of 'big infrastructure' on a large scale, but there were signs of continuous outflow of main funds, and I feel that the main funds of all parties still have huge differences in the logic of the direction of 'big infrastructure'."

"On the two main lines of 'Apple industry chain' and 'mobile Internet', there should be a lot of institutional funds involved before, as well as the main funds, right?"

"Well, a lot, according to the first quarter report of the popular stocks, as well as the annual report, you can see that the main institutions with latent positions have always been a lot, that is, last year in this field, hyped up, and earned a lot of profits of the 'Yuhang Department' funds, it should be a significant reduction in positions."

"I feel that Mr. Su seems to be not optimistic about the market's 'concept growth stocks' at this stage!"

"Indeed, if Mr. Su is optimistic, he should not have sold the three core growth stocks of LeTV, Huayi Brothers, and Netspeed Technology on a large scale yesterday."

"So, most of Mr. Su's positions are still in the direction of 'big infrastructure'?"

"Most likely."

"If this is the case, then Mr. Su's position now should be somewhat different from the direction that the majority of institutions in the market are optimistic about!"

"The market is very different in these two directions, right?"

"If the Shanghai Composite Index does not stand firm at 2,300 points, how far can the Shenzhen Index and the Growth Enterprise Market (GEM) go up?"

"This is not necessarily, if the market can replicate the trend in the second half of last year, it is not impossible for the GEM index to catch up with the Shanghai index."

"History repeats itself, but every time, it shouldn't be exactly the same."

"yes, I think so...... The small- and mid-cap 'concept growth stocks' line, at this position, is unlikely to replicate the trend of the second half of last year. ”

"But it is a fact that all kinds of funds in the market converge in the field of small and medium-sized boards and gem 'concept growth stocks'!"

"Take a look at the market trend in the afternoon, if you still maintain the trend of 'Shanghai is weak and Shenzhen is strong', and the disk trend of related popular stocks is getting stronger and stronger, then there is nothing to hesitate."

With the passage of time after the close of trading at noon, the discussion of retail investors in the market is getting hotter and hotter.

And the direction of the discussion topic is more and more focused on the small and medium-sized board, the gem and a number of 'concept growth stocks', especially for the full outbreak of the 'apple industry chain', and the continued strong 'film and television media', the discussion heat and investment sentiment are becoming more and more intense.

As for the hot main lines in the early stage such as 'infrastructure', 'military industry', and 'Internet finance'.

In addition to the discussion heat and investment sentiment of 'Internet finance', it is still in the forefront of the heat of the major core main lines of the market, and the discussion heat of other main lines is rapidly decreasing, and the attention of a group of investors is increasingly converging on the small and medium-sized board and the gem 'concept growth stocks'.

In the face of such a market sentiment reaction......

At around 12:30, at this moment in Yuhang, the interior of Yuhang Investment Company, the main infrastructure trading room.

After a group of traders returned to the trading room after eating, they briefly reviewed and observed the market sentiment reaction, fund manager Li Meng couldn't help frowning, feeling a hint of crisis in trading strategy, and couldn't help but turn his head to the side to look at the two markets, and Su Yu, who was carefully reviewing and pondering, said: "Mr. Su, the change in market sentiment is very unfavorable to us, if we don't do something, I'm afraid that the trading strategy and expectations we formulated before will all be disappointed." ”

"What do you think we can do at this time?" Su Yu retracted his gaze on the plate and asked.

Li dreamed about it, and finally glanced at the background data of the fund, only to see that there was little left in the positions of several main funds, and the liquidity that could be used had been sharply reduced to less than 2 billion after a wave of consumption in the morningIt's not realistic, and I don't know what else we're going to do at this point, but I don't think we can just wait and see, right? ”

The feeling of sitting still and waiting to die is what she hates the most.

Once the market situation has formed a comprehensive transformation to the small and medium-sized board and the gem 'growth stocks', then the tens of billions of chips they have laid out on the main board weight line will really become a waste of chess, and not only will the performance of the entire 'Yuhang system' fund fall to the altar of the industry, but the business development of their 'Yuhang Investment' will also be greatly affected...... It's all she doesn't want to see.

"Actually...... Don't worry too much. Su Yu looked calm and said with a smile, "If you are full, you will lose, too much, the market's 'concept growth stocks' line, in the past two years, the overall market expectations are not low, and the performance has obviously not kept up with expectations, although the overall growth is good, but the expected difference is very small, and due to the continuous hype in the past two years, under the clear growth logic and industry development logic, there are not a lot of main funds that have been gathered in these fields. ”

"Although this line, after half a year of adjustment, has cleared up a lot of trapped disks and free chips."

"But the overall pressure is still there."

"The current line, except for the 'film and television media' that has some substantial positive support beyond expectations, the other main lines of growth are no different from the hype last year and the beginning of the year, that is to say, there is no change in the difference in expectations, just a simple emotional reaction and the deliberate guidance of the main funds."

"And the simple emotional reaction cannot last, and the main funds that are deliberately guided will not be able to support the market."

"What's more, on this line, a lot of profit orders have been piled up, and once the sentiment has passed the peak, the market reversal is very fast."

"Of course......"

Su Yu said this, paused, and then continued: "Although the other party forcibly pulls the plate, it is to lift a stone to shoot itself in the foot, we should also make a move, stimulate the disk, let the disk change, and the market trend is always within our expectations, and accelerate the arrival of market differentiation and reversal." ”

"What are you going to do?" Li Meng saw that Su Yu did not have any nervous expression, and asked.

Su Yu smiled and responded: "The positions of several of our funds have reached the limit, and we can't do more on the market, so we can only cut in from the market news." ”