"The check of 'LeTV' actually fell word for word."

Noting the initial call auction trend of many popular stocks in the market, in the trading room, Li Meng said with a little surprise: "400,000 hand sealed orders to block the disk, this negative effect, the impact is really greater than we imagined, look at this situation...... 'LETV' This check collapsed, the whole 'science and technology growth' main line, it will be even more vigorous, not surprisingly, 'science and technology growth' line, there should be an extreme trend, right?" ”

Su Yu followed Li Meng's voice, observed the overall call auction trend of the market, and responded: "'LETV' check, today's bearish drop limit, one word opening, but it is also expected, but it is 'Huayi Brothers, Netspeed Technology', the two core stocks in the main line of 'science and technology growth', followed the trend and fell so seriously, directly in the call auction stage, the decline of nearly 7 points was lower, which was somewhat unexpected. ”

"Judging from the initial call auction of the two cities, the sell-off of the entire main line of 'technology growth' is quite serious." Liu Yuan took over and said, "There should be little hope for the line of 'scientific and technological growth' today, and the active capital groups of the entire market are almost all converging in the fields of 'infrastructure' and 'military industry'." ”

"Isn't this exactly what we want the market to change?" Wang Can smiled and said, "The continuous surge of the 'technological growth' line last week was originally pseudo-logic, and now it can't hold on, and it is logical to enter the stage of substantial adjustment...... Those institutions and many small and medium-sized investor groups that have been buried in the main line of 'technological growth' deserve it. ”

"I can't say that." Zhao Lijun responded, "The vast majority of small and medium-sized investors are blindly followed. ”

"Indeed." Zhang Guobing said, "It is also because the vast majority of small and medium-sized investors are blindly obedient, have limited cognition, and are easily affected by market sentiment, so we can start from this point and make reasonable inducements to long the market." ”

"When the sell-off of the main line of 'technology growth' is underway, the market index will also be affected, and it will not go far, right?" Zhu Tianyang thought for a while and said, "Although the major indexes of the Shanghai Index, the Shenzhen Index, and the ChiNext Index are often divergent in terms of intraday trends, they are actually quite linked to each other. ”

"If the relevant core concept sector in the Shenzhen market field is hit hard."

"So, even if the market sentiment and funds follow the trend and focus on the main board, it is estimated that it will be difficult for the main board to get out of the independent trend that far exceeds the rise of the Shenzhen Index and the ChiNext Index, right? It should still be affected to a greater or lesser extent, and at the same time, the comprehensive collapse of the 'technology growth' line will also substantially affect the investment sentiment of the entire market. ”

"From this perspective, this is not necessarily a good thing for us."

"But it's hard to have it both ways." Liu Yuan heard Zhu Tianyang's words and responded, "The incremental funds in the current market cannot support the general rise in the market, since this is the case, whether it is us as the leading bidder, or other active capital groups from all walks of life for the purpose of making money, we will naturally have a choice." ”

"If the line of 'technological growth' is greatly adjusted...... Then the direction of 'Internet finance' and 'e-commerce', which we have a large holding, should also be greatly affected, right? Wang Can asked, "Boss, our position in these two directions is not small, and now the main line of the market has fully shifted to the direction of the 'infrastructure' and 'military' sectors, and our positions in these two directions...... Do you want to reduce your holdings to lock in profits? ”

Su Yu stared at the changes in the market and responded: "What is the first principle of buying and selling stocks? What is the buying point, what is the selling point, what is the short-term selling point, what is the long-term selling point, these need to be clarified. ”

"It is true that with the drastic adjustment of the main line of 'technological growth'."

"'Internet finance' and 'e-commerce', the two conceptual sectors that have risen sharply with the hype logic of the main line of 'technological growth', will also follow the trend and fall into adjustment with the changes in the fundamental expectations of the entire 'technological growth' and the reaction of market sentiment."

"But is that why we should sell?"

"It's not!"

"What is the fundamental logic expectation for us to buy the corresponding core constituent stocks of the two major concept sectors of 'Internet finance' and 'e-commerce'? It is the huge incremental space for trading system software derived from the transformation of the traditional financial field to the direction of 'financial technology' under the tuyere of 'mobile Internet', and the impact of the listing of 'Ahri Baba' on the valuation of the entire 'e-commerce' industry. Looking back now...... Is it time to fulfill these two expectations? ”

"No, the performance expectations of the 'Internet finance' companies, which focus on the 'production and maintenance of financial transaction system software' and 'emerging financial services' as their main business, are still improving rapidly, and the 'Ahri Baba' has not yet been accurately listed on the NASDAQ, and even its final listing pricing has not yet been finalized."

"...... for the trading market"

"Once the expectation has not yet been implemented, and the expected imagination space is still improving."

"Then, the stock price performance of related individual stocks is likely to be far from the peak."

"When we intervene in these two concepts, what kind of expectation logic does we follow, then when we go out to take profit, we should also follow this expectation logic."

"This is the fundamental logic of holding positions, and it is also the fundamental trading principle for us to judge the buying and selling points of the market."

"Follow this logic to buy, sell and hold positions, we will not be blinded by the temporary ups and downs of the market, and eventually be swayed by emotions."

"Of course......"

When Su Yu said this, he looked away from the fierce changes in the two cities, glanced around at everyone in the trading room, and continued with a smile: "Once the logical expectations we bought are realized, and the market's future expectations for the stocks we hold have also received positive feedback, and the individual stock growth target has reached our original expectations, then we should not be nostalgic, and we should decisively reduce our positions and take profits." ”

"It doesn't matter if we reduce our position, or after we clear our position and take profit."

"How the subsequent trend of this stock changes, whether it rises or falls, in the absence of a new entry expectation logic, we should not go back and redo this check."

"In general, we are buying and selling stocks."

"The principle to be followed should not be the stock price performance that we intuitively see, but the internal expectations and emotional changes."

"Got it!" After listening to Su Yu's analysis, Wang Can was silent for a moment and nodded.

Of course...... Whether he really understands it or not, only he knows in his own heart.

"So, ah......" Su Yu continued after Wang Can responded, "The first priority for us to adjust and reduce positions is to understand that the check that needs to be reduced and cleared is not expected to reach the top?" Once you understand this, you will be able to clearly understand what to do next. ”

With the trading room, everyone discussed the market trend and analyzed accordingly.

When Su Yu turned around and paid attention to the market again, the time trading time had already crossed 9:19 and entered the real call auction stage of the market after 9:20.

I saw that after 9:19 a.m., after the cancellation of false pending orders......

The situation presented by the market is more extreme than the situation presented by the market at 9:15.

The whole market, "military", "infrastructure" two main lines related to a number of concept plates, industry sector index, at the moment all achieved a high opening situation, including a number of popular stocks, such as "Northern Xinjiang Jiaotong Construction", "Fushun Special Steel", "Huaguo Metallurgical", "Huaguo Railway Construction", "Shanghai Construction Engineering" and other votes, have also opened high across the board, especially "Northern Xinjiang Jiaotong Construction", "Fushun Special Steel" two checks, and even opened higher than 5 points.

And the whole main line of 'technological growth'.

Whether it is 'domestic software', 'film and television media', 'Apple concept' plates, or 'Internet finance', 'e-commerce', 'mobile payment' and other major concept plates, all of them are low, and the low opening range of each concept index is more than 1%.

As for the hot stocks in the whole 'tech growth' main line.

'LeTV' maintains the trend of one-word call auction with a one-word drop limit, and the fall limit board has increased from 400,000 hands to nearly 450,000 hands; 'Netspeed Technology' has slowly rebounded from an initial decline of about 7% to a decline of 5%, and the disk call bidding orders are also increasing rapidly, and the funds for active selling are endless; 'Hengsheng Electronics' fell by about 3%, although the decline was not large, but the selling funds on the disk are also endless......

Overall, the whole 'tech growth' main line area.

Under the influence of the negative blow of 'LETV', as well as the overall turn of the market on Friday, countless short-term funds were trapped, and the impact of the rush to cut positions and stop losses, as well as the continuous hype of the line of 'technology growth' last week, and the profit-taking and selling of various profit-taking funds.

There has been a substantial panic selling, crash situation trend.

At the same time, it also forms a clear contrast with the two main lines of 'military industry' and 'infrastructure'.

"Hey, I really didn't expect the opening to be so miserable."

At 9:21 a.m., in the Shenzhen market, inside 'Pingyin Asset Management', in the core trading room of the main fund, Liu Ziliang, general manager of the asset management business, stared at the rapidly changing market, his brows were furrowed together, and he was still very depressed, and said with emotion: "In the form of 'LETV', a falling limit can't be stopped at all, and it really can't be sold at all." ”

They had a pretty heavy position on the check, and at the same time, this time...... It's also a huge loss.

It is foreseeable that through their position adjustment during this period of time, they have completely stepped on the wrong market rhythm, and in the next few days, the net value performance of several of their main funds will be quite ugly.

Of course, it is no longer useful to think about these gains and losses now.

What he should think about at this moment is how to induce and pry the market, so that his chips on the line of 'technological growth' can be quickly reduced and stopped, and the corresponding position losses should be reduced.

"Mr. Liu, the check of 'LeTV', we have no choice for the time being." Fund manager Chen Shen said, "But the two concept hot sectors of 'Internet finance' and 'e-commerce', as predicted by Mr. Liu on Friday, have become the most resistant concept hot sectors in the main line of the entire 'technology growth', I think...... If we follow these two conceptual plates to make a market, we can correspondingly pry a little bit of the main line of 'technological growth'. ”

"There is also the direction of the main board, the two main areas of 'military industry' and 'infrastructure', the initial expectation is too strong, and the high opening range is estimated to be not low."

"...... in such a situation"

"I think affected by the impact of the market incremental funds and investment confidence has not fully recovered, the concept of the two lines of 'military industry' and 'infrastructure', after the opening, there will definitely be a violent shock, if we induce the 'Internet finance' and 'e-commerce' two major plates at the right time, it should be able to induce some funds to flow into the main line of 'technology growth' to buy the bottom, so that the sentiment of this line will be restored for a short time."

"In this way, we can hope to take advantage of the recovery of emotions, increase liquidity, significantly reduce positions, and quickly stop losses."

When Liu Ziliang heard Chen Shen's words, he pondered for a moment, exhaled a breath, and said with a light sigh: "The matter has come to this, and it can only be operated and chosen in this way." ”

After speaking, he immediately looked deep.

Let the trading team of several of its funds use the remaining liquidity to appropriately undertake the hot stocks of the core components of the fields of 'Internet finance' and 'e-commerce', drive the sluggish market sentiment of these two conceptual sectors, and induce all walks of life to still be bullish on the market development of these two conceptual sectors, as well as other funds of individual stock trends, to concentrate on the upward offensive and pull back the hype of collapse.

With the institution of 'Pingyin Asset Management', the sword has gone sideways, invested funds, and focused on the two main areas of 'technology growth', 'Internet finance' and 'e-commerce', which are relatively expected and relatively resistant, and the long funds have not completely collapsed as the entry point, driving the hype sentiment of the entire main line of 'technology growth'......

When the core concept stocks with high internal attention in the two major concept sectors of 'Internet finance' and 'e-commerce', namely 'Hengsheng Electronics' and 'Sanjiang Shopping', suddenly changed, the trend of call bidding suddenly rose from deep water, and the decline narrowed rapidly.

A number of institutional groups, including 'Yuhang Investment', as well as floating capital, small and medium-sized retail investor groups.

The change was noticed instantly.

"Hey, boss...... As you said, the two concepts of 'Internet finance' and 'e-commerce' are not expected, and gradually, they have climbed up from underwater. "At 9:23, inside the 'Yuhang Investment' company, in the main fund trading room, Wang Can stared at the disk, and his eyes obviously showed a trace of surprise, "The collective bidding trend of 'Hengsheng Electronics' and 'Sanjiang Shopping' has completely changed from before!" ”

(End of chapter)