At 9:31, it was only a minute before the market opened.

'Huake Sugon' quickly closed the price limit, and the stock price hit a new high since its listing, and all the chips that undertook this stock in the previous few trading days were liberated, bringing the short-term speculation of the market and the speculation of the 'new shares' directly to the climax.

At 9:32, 'Bluestone Heavy Equipment' changed hands dramatically, and the stock price fluctuated violently around a 5% increase.

At 9:33, the two core popular sector indexes, the 'Internet Finance' sector index and the 'securities' sector index, quickly broke through the 1% growth mark.

At 9:34, 'Great Wisdom' hit the price limit again.

At 9:35, 'Great Wisdom' once again blocked the price limit under the continuous attack of 10,000 large orders of the main buyer, and the stock price also hit a record high.

At 9:36, the stock price of 'Straight Flush' fluctuated rapidly upward, hitting the 5% increase mark in the day.

At 9:37, the Shanghai Composite Index hit a 1% intraday gain.

At 9:38, 'Huagong International', 'Huaguo Construction', 'Huaguo Metallurgical', 'Huaguo China Railway', 'Huaguo Communications Construction', 'Huaguo Railway Construction'...... Among them, the rise of 'Huaguo Metallurgical' rose by more than 5%, and the stock price hit a new annual high.

At 9:39, the A50 index extended its intraday gain to 1.5%.

At 9:40, the two major weighted industry sector indexes of banking and insurance also broke through the 1% increase position, while the securities sector index and the Internet financial sector index have risen almost in a straight line, breaking through to the range of 1.65% to 1.75%.

At 9:41, 'CEFC Securities' rose by more than 2.5% in the day, with a 10-minute turnover of 1.2 billion.

At 9:42, 'Xiangcai Securities' rose in a straight line again, and the stock price hit the daily limit.

At 9:43, the stock price of "Xiangcai Securities" was blocked, and the situation of three boards was formed, and it successfully became the new leader of the entire securities sector, and with the rapid rise of "Xiangcai Securities", Western Securities, Huajin Capital, Harbin Investment, Southwest Securities, Huaxin Securities, Pacific Securities, ...... and other related stocks, which have also followed the trend, among them, 'Harbin Investment Capital' has risen by about 7%.

At 9:44, the 'Film and Television Media' sector rose in a straight line, and 'Huace Film and Television' hit the daily limit.

At 9:45, the 'Huace Film and Television' successfully rose to the limit, and the 'Film and Television Media' sector index rose by more than 1%, and at the same time, the ChiNext Index, the Shenzhen Index, and the Small and Medium-sized Board Index were also driven to rise, among which the ChiNext Index rose by 0.6%.

At 9:46, 'all-access education' followed suit, and the intraday increase quickly expanded to 5%.

At 9:47, with the rapid rise of the stock price of 'all-access education', the concept of 'Internet online education' also followed suit.

At 9:48, the share price of 'Bluestone Heavy Equipment' broke through the 7% increase mark.

At 9:49, as the share price of "Bluestone Heavy Equipment" broke through the 7% increase, the "national defense and military industry" industry sector was driven, and stocks such as "China Airlines Heavy Machinery", "Aerospace Development", and "Hongdu Aviation" followed suit rapidly.

At 9:50, the 'commercial real estate development' sector rose, and the 'Kumho Group' hit the daily limit again, and at the same time, Gemdale Group and China Fortune, two popular real estate stocks, also hit the day's 5% increase.

At 9:51, the share price of 'Fushun Special Steel' broke through rapidly and rose sharply.

At 9:52, the "Yingkou Port" also moved again, and the "Port Shipping" plate, as well as the "Shanghai Free Trade Zone", "Northeast Revitalization", and "Eurasian Economic Belt" several major conceptual theme plates rose rapidly.

At 9:53, the share price of 'Fushun Special Steel' hit the daily limit, and drove the 'steel' sector to attack in an all-round way.

At 9:54, 'Fushun Special Steel' closed the price limit, and the stock price hit a new annual high again, while the 'steel' sector index rose by more than 1% during the day.

At 9:55, the Shanghai Composite Index rose to 1.2% and continued to refresh new highs and annual highs.

At 9:56, the stock prices of 'Huaxin Cement' and 'Huaxin Building Materials' changed.

At 9:57, the A50 index broke through the intraday increase of 1.7% and continued to advance in a high-volume form.

At 9:58, the stock price of 'Shanghai Pudong Development Bank' rose by more than 5% during the day.

At 9:59, 'Huaguo Taibao' rose by more than 3.5%.

At 10 o'clock in the morning, the number of natural changes of hands in the two cities broke through, breaking through the scale of 40 again, and the top 20 popular stocks in the market investor group discussion and attention were not less than 2% in the day, and, among them, there were already 8 stocks that blocked the daily limit.

At 10:01, the total turnover of the two cities in half an hour reached more than 160 billion, compared with the same period yesterday, it continued to show a trend of volume.

At 10:02, 'Huaguo South Car' and 'Huaguo North Car' went hand in hand again.

At 10:03, the securities sector index and the Internet finance sector index rose again by 2.3% during the day, and continued to lead the two markets.

At 10:04, in the entire main line of 'big finance', the total net inflow of main funds in the three core weight sectors of securities, insurance and banking reached the 2 billion mark again. The main capital inflow trend of the national defense and military industry sector has shown a large net inflow, and the active main capital groups in the two cities, with the passage of market trading time, are still gathering towards the three main lines, and are frantically scrambling to undertake the relevant core weight stocks.

At 10:05, the sector in the field of 'big consumption' fell instead of rising, especially the 'liquor and beverage' sector, which hit a new low in recent adjustments.

At 10:06, the weighted core stocks of the two "Internet Finance" sectors of "Oriental Wealth" and "Hengsheng Electronics" have risen by more than 5% in the day, among them, the intraday turnover of "Oriental Wealth" for more than half an hour has been greatly enlarged to the 1 billion mark.

At 10:07, the 'straight flush' began to hit the daily limit in the case of an explosion of 800 million.

At 10:08, the stock price of 'Flush' touched the position of the daily limit, and at the same time, 'Huake Jincai', 'Jinzheng Shares', 'Yinjie Technology', 'Sunline Technology', 'Tianyu Information'...... A large number of related concept stocks followed suit, among them, the share price of 'Huake Jincai' reached an increase of 8%.

At 10:09, the 'Straight Flush' stock price closed the price limit, and the stock price continued to hit a record high.

"Damn, this market is crazy, it's really crazy, isn't it?" At about 10:12, Yu Hang, Yu Hang Investment Company, Wang Can, who had been staring at the changes in the two markets, saw that the check of 'Straight Flush' was once again strongly sealed the price limit, and the order was sealed within a minute or two, reaching more than 300,000 hands, and he was shocked in his heart, and sighed in surprise, "Such a high position, it can continue to seal the price limit, it is crazy, and the funds to follow the trend are simply crazy!" ”

When there was a full-scale bull market in the market, he was still in the study stage and did not enter the market.

So, in his cognition, he hasn't really seen the madness of the bull market.

At this moment, it will be so shocking to see the market so crazy and continue to squeeze shorts, as well as many popular stocks, and the continuous rise and limit situation.

"If you just analyze the 'straight flush' check, it's not really high." Zhao Lijun heard Wang Can's words and responded, "A stock, the level of the stock price, don't look at how much he has risen, don't look at what his previous position was, but look at the fundamental changes corresponding to this check."

And there is no doubt about it......

Straight flush check, the fundamental change, extremely drastic.

After the market has continued to improve for more than half a year, 'Straight Flush', as a stock trading platform and financial information integration platform that has occupied a first-mover advantage in the era of mobile Internet, has seen an explosive growth in the number of users, which is far more crazy than the multiple growth of turnover in the market and the volume of investors.

And this is the fundamental logic that supports the 'straight flush' check to be such a strong stock price movement.

No one is a fool, and no one's money is blown by the wind.

We see that on the list of "straight flush", institutions continue to increase their positions frantically at high levels, and they continue to actively pull up the stock price to buy strongly, this is because the fundamentals of this check are changing rapidly, and the current price of this check is still very cheap in terms of the possible performance explosion expectation.

What's more, the market attention of this check is so high, and there is obviously a certain emotional premium.

Counting this part of the premium, the share price of this check, in the current position, appears to be more undervalued, and has a strong investment value for money.

Of course, the technical side of this check is seriously deviated.

Once the sentiment weakens, there is still a large correction amplitude, but its fundamental investment logic is still very stable. ”

"So...... Can't we reduce our position in this stock for the time being? After listening to Zhao Lijun's analysis, Wang Can asked.

Zhao Lijun replied: "Naturally not, let's be here." Straight flush' on the stock position volume is not small, and this check is on the cusp of short-term speculation in the market, every day is dangling on the dragon and tiger list, not to mention that the check has not risen in place, the expectation is far from reaching the top, or when cashing out, just from our large number of chips to sell this stock, will instantly expose our institutional trading strategy intentions at this stage of this reason, we can not be in the main fund large position has not completed the purpose of the position reduction and take-profit trading strategy, to take the initiative to reduce the leading stocks。 ”

"Not only can we not reduce the check of 'straight flush', but all the rising patterns are still further intensifying, and the main capital groups are still fully concentrated in the main line of leading stocks and main line popular weight stocks, which are not our target for reducing positions at this stage." Liu Yuan also said at this time, "At this time, the primary target of reducing positions and taking profits should be those stocks that have shown a strong divergence of long and short funds on the disk, and can no longer continue to hit new highs in the crazy rise of the index, and there is obvious stagnation in volume." ”

"Reducing positions from weak to strong, Mr. Su has made it very clear." Zhu Tianyang also said, "Priority is given to those with poor liquidity, and finally those with good liquidity are reduced, and only in this way can we maintain a better profit lock-in state in the realization of the strategy of 'reducing positions and taking profits'." ”

"Another point, in our main fund products, the individual stocks held are still at a low level, and they belong to stocks that are not the main line of 'big finance', 'big infrastructure', and 'military industry', so there is no need to reduce positions." At this time, Zhang Guobing also said, "I think that even if the market falls into a violent adjustment after this wave of bullish power is exhausted, there should be a local money-making effect in the market, and as long as there is a local money-making effect...... I guess the remaining funds will definitely choose to make a move to the logical line of 'high and low switching'.

Therefore, our main fund products.

The current non-popular mainline high-quality stocks at a low level may not only not fall much in the market adjustment, but may also get out of a wave of lagging upward market and undertake a large number of active capital groups that have retreated from the core popular mainline areas to take profits. ”

Li Meng heard Zhang Guobing's analysis, thought for a moment, and responded with a smile: "The logical analysis of the national soldiers and the follow-up market expectations are very well analyzed.

On the premise of ensuring that our institutional trading seats are not exposed.

Preferential reduction of the liquidity of the disk is not so good, and the long and short divergence of the disk is large, it is difficult to keep up with the rapid rise of the index of the main line of stocks.

Then, there are a number of popular stocks.

Finally, after the position is reduced, consider the low-level stocks that are not the main trend.

Of course, in the process of reducing holdings, there are no specific regulations on how to reduce, this is up to you to operate, as long as you can avoid the dragon and tiger list, do not take the initiative to concentrate on smashing transactions, you can reduce as much as you can. ”

Hearing Li Meng's words......

In the trading room, the trading managers of each fund and the traders of each trading group nodded one after another, and continued to quickly carry out pending orders on the disk, or to stare at the follow-up of the buying orders on the disk, sell the orders at the market price in a timely manner, gradually reduce their chips, withdraw funds, and lock in the corresponding profits.

And with the entire 'Yuhang system' main fund continues to reduce positions and take profits.

Originally, the major core indexes of the market were on the offensive together, and a number of mainline constituent stocks could barely keep up, but in the passage of market trading hours, the gap between their disk trend and a number of mainline popular stocks and weighted popular stocks is getting bigger and bigger, and the long-short divergence is becoming more and more obvious.

In addition, the trend of stagnation in the volume of each constituent stock is also becoming more and more distinct.

"It's strange, how do they belong to the 'big finance', 'big infrastructure', 'military industry' several popular main line areas, such as 'Founder Securities, Huatai Securities, Caitong Securities, Huaxin Insurance, Huanong Bank, Huatong Bank, China Merchants Real Estate, Conch Cement, ...... these relatively less popular mainline stocks, in the trend of major popular weighted stocks and concept leading stocks continue to break through, but they are getting weaker and weaker?" Seeing the differentiation of the major popular main line areas, with the rise of the index, it seems that not only has not weakened, but is still strengthening, at this moment, in the magic capital, inside Zexi Investment Company, in the main fund trading room, Zhou Kan, who was staring at the changes in the two markets, couldn't help but ask, "This trend is ...... That's weird, right? Shouldn't the two change in tandem? ”

In his question, Xu Shen squinted and carefully looked at the changes in the market, laughed, and said: "This can only show that someone is taking the opportunity to reduce positions on a large scale...... Basically, it is a long-short divergence pattern of stagflation, which can only indicate that there are active sellers suppressing the upward movement of the market and reducing the chips of these stocks on a large scale. ”

"Such a large number of collective reductions?" Zhou Kan was shocked, and subconsciously asked, "Will it be the main capital of the ...... 'national team'?" (End of chapter)