Chapter 159 A Torn Market

Su Yu briefly browsed these messages and replied to Zhao Qiang who continued to send him messages: "Brother Zhao, you are so complimentary... I'm embarrassed. Don't worry, if I plan to issue the next fund, I will definitely leave you 50 million fund shares.”

"As for eating..."

Su Yu paused and continued: "That's not necessary. Just help me continue to lock up the position for at least three trading days."

"No problem!" Zhao Qiang laughed and said, "As I said again, I will come out whenever you want to do it. If you think of a pattern, I will naturally follow your pattern."

Following Su Yu's operation, he was not in a hurry.

Furthermore, Su Yu was so deeply involved in the stock of Shanghai Steel Union and held much more chips than he did. Since Su Yu dared to cover his position at this price, he was not afraid of the follow-up If the mood weakens and the funds on the market cannot keep up, then he will be even less afraid.

Moreover, he believed that Su Yu, in this position, dared to increase the stock price of Shanghai Steel Union.

There must be enough logical support and future expectations for this check, and knowing the current stock price of this check, it will definitely be able to support and attract more funds to enter the market.

During the discussion between the two, the market's heated discussion on Shanghai Steel Union and Hua Ke Financial continued to ferment.

In the evening, amidst this continuing hot mood, the China Securities Regulatory Commission finally sent a letter of inquiry to Shanghai Steel Union, asking the controlling shareholders of Shanghai Steel Union whether there were any major positive events that should be disclosed but have not been disclosed, and whether there are any. Incomplete information disclosure leads to suspicion of market capital speculation.

In response to the inquiry letter issued by the China Securities Regulatory Commission and the questions asked.

Shanghai Steel Union Company responded in a timely manner, and at the same time issued an investment risk reminder to investors in the market that the stock price has fluctuated continuously and the valuation has been significantly higher than the average valuation of the same industry.

However, whether it is an inquiry letter from the China Securities Regulatory Commission or an investment risk warning issued by the company.

At this moment, nothing can weaken the market's vast and active short-term retail investors' optimism, chasing and following the trend of this stock.

Even, many investors.

They also began to preconceptions about Fortune Road's deep involvement in this check. As a logical inference, it was deduced that Shanghai Steel Union will definitely use the "black futures market information consulting service" to develop futures business, and will even rely on the "Fuxing System" to become a powerful With its capital strength, horizontal expansion, and development of "Internet financial P2P business" and other conclusions, its stock price expectations have been directly raised to 100 yuan, an expected market value of 15 billion.

What's more... it directly shouts out Shanghai Steel Union's future ambition of a market value of 50 billion.

all in all……

After the Shanghai Steel Union has gathered continued crazy money-making effects and emotions, many investors are paying attention to this stock and holding this stock.

Begin to lose rationality and ignore risks.

Start viewing any news about the stock as good news.

And just when this sentiment quickly turned from disagreement to unity, the attention of the Shanghai Steel Federation in the two cities hit a new high, and countless people shouted 50 yuan, 60 yuan...

Wednesday, July 31, is the last day for the monthly line to close.

At 9:15, when the collective bidding between the two cities began, Su Yu's eyes were once again fixed on the much-anticipated Shanghai Steel Union.

I saw...

The stock price flashed from 40.51 yuan to 43.75 yuan, an increase of 8.01%. The initial call auction resulted in 512 transactions.

Then, as time goes by.

The stock price of Shanghai Steel Union fluctuated rapidly between 43.35 yuan and 43.89 yuan, and the number of orders matched by call auctions also increased rapidly from the initial 512 lots to 1,100, 1,315, 1,521...

At 9:16, after one minute of trading changes.

The stock price of Shanghai Steel Union has returned to around 43.75 yuan again, and the number of transaction orders matched by call auction has exceeded 2,000 lots.

"I'm in a good mood. It seems... I don't need to place orders to maintain the market." Su Yu stared at the changes in the Shanghai Iron and Steel Federation's collective bidding market and thought to himself, "I hope it can be opened between 6 and 8 points!"

After yesterday's market reshuffle, a large number of profit-taking orders and unstable chips have been washed out.

In addition, the two core players in the field at this moment are him and Zhao Qiang.

As long as the mood is not bad and there is no major bad news about Shanghai Steel Union itself or the market macro, then the upward pressure on this check will still be relatively small.

Of course, the upward pressure is small, but it is too high, and the trend is limitless.

Still undesirable.

After all, at this time, the absolute height of Shanghai Steel Union's stock price is still very high, and the circulation is not small. It requires continuous changes of hands and more capital relays to go further.

Open at 6 to 8 points and continue to change hands.

It can not only allow many short-term funds that were relayed yesterday to exit at a profit, but also give many short-term funds that entered today a certain intraday profit expectation, reducing the risks they take on at high levels. At the same time... it can also continue to maintain emotions and give the market the opportunity to chase. Check investors, continue to seal the deal in expectations and hopes.

When the stock price is at such an absolute high level, if it opens too high, it will reach near the daily limit.

Investors who chase and follow the trend have no room for intraday profit expectations. Facing an uncertain tomorrow, their willingness to follow the trend will be relatively reduced.

And this...will cause insufficient take-up in the market, and the stock price will easily fall back from a high position.

If the stock price opens too low, especially below 5 points.

Then, when the market has already broken through the ceiling yesterday, many retail investors who bought the bottom yesterday have made relatively rich profits. Seeing that the sentiment of following the trend is not strong, they will not hesitate to sell and exit the market, and take profits. At the same time, the off-market funds that intend to chase and follow the trend will see that the market is not particularly strong, and will also weaken their expectations, causing them to hesitate and dare not enter the market, which will also cause insufficient take-up in the market, resulting in a gap in the market.

So, at this stage and emotional node.

In the call auction stage, Shanghai Steel Union should show a strong call auction situation, but not too strong.

With Su Yu's brief contemplation...

At 9:17, 9:18, and 9:19, the share price of Shanghai Steel Union has been hovering around 43.75 yuan, with an increase of 7.8% to 8.1%, with little change. Only the matching orders of the call auction have been rising sharply, reaching around 5,000 lots.

Then, when 9:20 came.

Accompanied by the withdrawal of buy and sell orders by many investors.

At 9:20, the share price of Shanghai Steel Union fell rapidly, changing to 43.33 yuan, an increase of 6.98%. The matching orders of the call auction declined from around 5,000 lots to more than 2,800 lots, of which there were 1,100 lots of pallet orders below the price of 43.33 yuan.

Seeing the 1,100 lots of call auction buy orders below 43.33 yuan.

Su Yu was surprised, knowing that after the call auction of Shanghai Steel Union, it would most likely open above the increase of 7 points.

After all, there are 1,100 orders and nearly 5 million funds at this price, which is enough to prove that the active short-term main funds in the market are still very willing to chase the chips of Shanghai Steel Union in the 6-7 point increase range.

And this... is the solid support of the stock price.

As expected...

According to his guess, at 9:21, the stock price of Shanghai Steel Union gradually moved upward with the continuous increase of active buying.

43.35 yuan, 43.45 yuan, 43.55 yuan...

At 9:22, the stock price reached 43.56 yuan, and the volume of the call auction orders matched and traded exceeded 4,000 lots.

At 9:23, the stock price of Shanghai Steel Union reached 43.67 yuan, and the volume of the call auction orders matched and traded returned to the 5,000-lot mark.

At 9:24, the share price of Shanghai Steel Union broke through the initial call auction price of 43.75 yuan, and the volume of call auction orders matched and traded exceeded 7,000 lots.

9:24, the last ten seconds.

The share price of Shanghai Steel Union stood at 43.80 yuan, and the volume of call auction orders matched and traded approached 8,500 lots.

Finally, when 9:25 arrived, the share price of Shanghai Steel Union was fixed at 43.83 yuan, an increase of 8.21%. During the entire call auction stage, more than 9,300 lots were traded, and the transaction volume exceeded 40 million.

In addition to Shanghai Steel Union...

As the second-largest stock in the market that everyone agrees on, the call auction trend of Huake Jincai is basically the same as that of Shanghai Steel Union. The share price opened at 36.74 yuan, an increase of 5.55%.

The entire "Internet Finance" sector opened up 0.73%, and 16 stocks were in the red.

The rest of the hot concept sectors, such as ‘mobile games’, ‘electronic information’, ‘film and television media’, and ‘Apple industry chain’, where GEM constituent stocks account for the majority of weight, also opened slightly higher, with the margin of red ranging from 0.1% to 0.4%. Among them, the most popular stocks, such as Netspeed Technology, Fenda Technology, Huaqingbao, and Changqu Technology, opened higher by 1% to 3%, which was particularly strong.

Thanks to the red market of these concept sectors and the continuous convergence of funds to the GEM.

The GEM index opened slightly higher by 0.18%.

As for the Shanghai and Shenzhen indexes, they opened slightly lower, with the Shanghai index opening lower by 0.23%, and its performance was still the weakest among the three major indexes.

As for the concept sectors on the main board...

The petrochemical sector, steel, coal, and nonferrous metals sector, affected by the continuous decline in thermal coal prices and the continued downturn in the ‘black series’ and ‘nonferrous series’ in the over-the-counter futures market, became the main drag on the low opening of the main board index.

On the contrary, the sectors related to "big finance" and "big consumption" were slightly in the red, which seemed less pessimistic.

In this opening atmosphere...

Market investors' attention to the main board continued to decline, while they became more and more focused on the ChiNext.

"Funds are still flowing into the hot constituent stocks of the ChiNext!"

Taking advantage of the short 5-minute break from 9:25 to 9:30, a retail investor sighed in the stock discussion area of ​​the trading platform.

"The ChiNext is more than 1,200 points, and the Shanghai Composite Index is still hovering around 2,000 points."

"A blind person can see that the ChiNext Index is obviously stronger than the main board!"

"Hey, the valuation scissors gap and the increase scissors gap between the Shanghai Composite Index and the ChiNext Index were not so large before, but I didn't expect... Since March, institutions have shouted that there is a bubble in the ChiNext, hot money is blindly speculating and destroying market rules, and the scissors gap between the two has become larger and larger."

"In March, the ChiNext Index was only more than 800 points, and now it has risen by almost 50%."

"Institutions are harming people!"

"The main board is a thing of the past. Look at what stocks are weighted in the main board. They are all traditional big black, big and rough. The future emphasizes technology and the "new economy". I think the main board has no hope. At this time, you can adjust your portfolio to chase the core stocks of the Growth Enterprise Market. Maybe you can still have a sip of soup. If you are late... I am afraid you can't even drink the soup."

"Indeed, look at Shanghai Steel Union, Huaqingbao, Fenda Technology, Netspeed Technology... The big bull stocks that have emerged this year are all on the Growth Enterprise Market."

"The index has risen by more than 50% since the beginning of the year. Do you think bull stocks can come from the Growth Enterprise Market?"

"Speechless, look at the Shanghai Stock Exchange Index, it is still falling this year. The annual growth rate of the two is basically about 60%. It's simply... heavy positions in the main board weight, I am so angry."

"It's really like ice and fire !”

“Ah, I don’t believe these institutions anymore. What ‘core assets’ and ‘powerful weapons of a great country’ are all bullshit. Only the money-making effect is real.”

“Seeing the ChiNext rising all the time, I regret not adjusting my positions earlier.”

“Me too, I don’t know why I’m still holding on to these big guys that keep hitting new lows.”

“Ah, I’ve been watching Shanghai Steel Union and Huaqingbao double their prices. I really want to buy, but I don’t dare to buy. If I don’t buy, it will keep rising…”

“Fortune Road said in June that the future market is in the ChiNext. It’s a pity that I never listened.”

“Ah, cut losses and adjust positions. The strong will always be strong!”

“The Shanghai Composite Index is in a bear market, and the ChiNext is in a bull market. I think…it will probably be like this in the future.”

“Yes, cut losses and adjust positions, enter the ChiNext, especially Damn... the main board is hopeless. If it continues to be weak for half a month or a month, it can still be said to be a style change. It has been far behind the ChiNext for more than half a year. You can't say it's a style change. It's hopeless. "

"From this period of time, it is obvious that institutions are also cutting losses on the main board and increasing their holdings of core ChiNext stocks."

"Hehe... these institutions always say no, but they are actually very honest."

"Alas, long-term investment is a pitfall. It is still necessary to follow the active hot money in the market to do short-term investment to have a future. No doubt, cut, cut..."

"Yes, yes, in the past few months, those who speculated in short-term investment have made a lot of money."

"Damn it, cut losses to dry up the leader. Judging from this situation, the ChiNext will definitely outperform the Shanghai Composite Index and the A50 Index for a long time in the future."

"Don't say 50 index, the weakest is the 50 index. "

"Holding the core assets, I have been tortured for more than half a year, and I have watched the rapid rise of the ChiNext. Now I know the truth that funds are foresighted. If I hold these so-called core assets and listen to the institutions, I will be really stupid. Damn it, follow the road of wealth to eat meat."

"Yes, enter the ChiNext and eat big meat!"

"The institutions that sing the main board are the most conscienceless. They are not only stupid, but also bad. If I believe them again, I will be a fool."

"Value investment, value is a ghost."

"Indeed, after two years of value investment, I lost 56% on the so-called core asset stocks. It's simply..."

"Fuck... I finally understand it. Those who look at PE valuations to trade stocks are the stupidest people. Following the hot money is the kingly way."

"Yes, I should have cut my heart earlier and followed the road of wealth to buy Shanghai Steel Union. I would have made a profit earlier."

"Alas, the institutions have misled me! ”

“Cut ​​your losses, cut your losses… Shanghai Steel Union, Fortune Road, here I come!”

Amid the complaints, complaints, and heated discussions of many retail investors, a short 5 minutes passed and 9:30 arrived.

The market conditions of the two markets began to change, and buyers and sellers clashed fiercely.

I saw…

On the Shanghai Steel Union market that Su Yu was paying attention to, there was a continuous influx of follow-up funds, which continued to take over the selling chips of yesterday's bottom-fishing and profit-taking.

60 million, 70 million, 80 million.

In two minutes, the trading volume of Shanghai Steel Union exceeded 80 million and reached more than 83 million.

And its stock price was also rapidly exploding, from the opening price of 43.83 yuan, it continued to move up and quickly hit the 44 yuan mark.