Chapter 276 Motivation Analysis, Speed up the Exit!

He originally thought that bull market expectations had been generally recognized by market investors.

Wealth Road will continue to increase its positions in the fields of 'securities and venture capital', and even transfer its main positions in the two main concepts of 'mobile Internet' and 'smartphone industry chain' in the direction of GEM to extreme riots The core main line of 'securities and venture capital'.

But I didn't expect that Fortune Road, except for the signs of eager buying in the previous two trading days, had completely disappeared today.

Moreover, what surprised him even more...

It was Fortune Road that did not reappear on the two main GEM weight concepts of ‘mobile Internet’ and ‘smartphone industry chain’.

"Aren't you disappointed?" Lin Zhaoye chuckled beside Chang Li.

"It's not a disappointment, just a bit unexpected." Chang Li said, "The Fortune Road fund did not continue to increase its positions in the 'Securities and Venture Capital' line on a large scale, which proves that this fund is still very optimistic about this main line of market trends. I have some concerns, but...this fund has not exited its positions today on the two conceptual main lines of 'mobile Internet' and 'smartphone industry chain', which were heavy positions in the early stage, but it also shows that this fund's view of the market outlook is still biased. Optimism, which also shows that the other party is not aware of the news that the market IPO is about to restart, otherwise... he should quickly escape from the two early popular main lines of 'mobile Internet' and 'smartphone industry chain', as well as the entire GEM’s.”

"As long as the news that the IPO market is about to restart, it has not been clear and has not spread to the market."

"As long as the GEM, small and medium-sized boards, as well as many popular main concepts in the early stage such as 'mobile Internet', 'smartphone industry chain', 'restructuring and backdooring', are suppressed by this hidden heavy negative news, there will be no continuity. As long as the "Securities and Entrepreneurship" line continues to rise, it will continue to rise under the influence of the market's superficial "bull market expectations" and the inherent "IPO restart expectations."

"You are not afraid that the other party will not follow up with a large-scale position adjustment."

"After all, in the overall optimism, on the surface ... relatively clear expected performance."

"At this stage, the core concept of 'securities and venture capital' stock chips are quite scarce and high-quality chips, and they can be regarded as the ticket to the outbreak of the bull market."

"Actually... even if Wealth Road does not continue to follow up, the 'securities and venture capital' line can be regarded as a success after the hype has reached this point." Lin Zhaoye said, "In advance, everyone only thought about using the news of 'market IPO restart'. Leverage this main line, more or less before the news comes out, take advantage of the market's still hot mood, harvest some profits, and make up for the overall underperformance of the GEM Index and even the Shanghai Stock Exchange Index this year in heavyweight stocks. As well as losses, I never expected that... this fire that was accidentally lit would burn to this point, pushing the entire market sentiment to the climax of 'comprehensive bull market expectations'."

"Now, everyone is very satisfied with the performance of this line."

"This is also the reason why there is a clear differentiation today and many profit-taking exits, because at this stage... there are many institutions that just close when the situation is good."

"Where is this!" Chang Yili was very disdainful of the main funds of various departments that reaped profits in today's session. "Based on the current 'Securities, Venture Capital' sector index, it can only fill 5 or 6 After a huge wave of tragic and continuous declines in March, the annual growth rate of the sector has just turned positive. Even the Shanghai Stock Index is far from catching up, let alone the ChiNext Index, and the market... has only reached its first differentiation. , We are still far away from the real peak. These institutions...are starting to hold back at this time, just trying to make a little profit, and there is really no pattern. "

"and……"

Chang Li paused and continued: "Even if the news of the IPO restart is officially announced, the news will also be a substantial benefit to the 'securities and venture capital' line. By then...the funds in the entire market will... In order to avoid risks, there will also be a surge of investment in 'securities and venture capital', the sectors that benefit from the restart of IPOs."

"In the final analysis, regardless of whether the news is made public or not, the line of 'securities and venture capital' is at the current time point."

"It is the most suitable main line of speculation in the market, and it is also an area where active funds in the market will inevitably gather."

"Some people... have been tortured by the market for a long time." Lin Zhaoye said, "No matter how great the good news is, in terms of hard future logical expectations, for them, it is only worth a rebound. Now the 'securities and venture capital' sector The increase has reached more than 10%, and the first divergence adjustment has occurred. It is reasonable for these people to rush out and settle down. In comparison... the confidence of retail investors in the market is stronger than them. Out ten times.”

"Hey, if you sing long and sell short, you will never have a future."

Chang Li sighed softly, and couldn't help but complain about what Lin Zhaoye said about 'these people'.

And as the two of them talked...

At this moment, Xie Wanting, who was also in Anlan Fund in Yanjing, had a look of surprise on her face after seeing the data of the Dragon and Tiger Ranking that was refreshed today.

"Sure enough, the position is locked." Xie Wanting turned her head and looked at Zhou Guohua, "Teacher, you guessed it right!"

Zhou Guohua chuckled and said: "If, as you guessed, Wealth Road has been lurking here on a large scale long before the 'securities and venture capital' line broke out, lock the position today and neither buy nor sell. "

"Indeed!" Xie Wanting nodded, "In addition to his lock-up in 'securities and venture capital', today's two core areas of GEM weighting are 'mobile Internet' and 'smartphone industry chain'. There is no sign of him, which should also confirm my guess that he has already reduced his positions and stopped profits in these two main lines, but..."

Xie Wanting paused and continued: "Based on the large amount of funds in his hands, if he intervenes in the 'securities and venture capital' line on a large scale in advance, then... except for the core of this line In addition to stocks, he must also have diversified his purchases of other concept stocks with ample liquidity.”

"Because that's the only way..."

"With such a large amount of funds, he was able to complete the opening of a position in a short period of time without causing violent market fluctuations and without being obviously noticed by the majority of the market's main funds."

"You mean... is it possible that he deliberately avoided the dragon and tiger list today?" Zhou Guohua looked at Xie Wanting with a slight surprise, "It's a good guess, but where is the evidence?"

Xie Wanting pondered for a moment and said: "Of course I don't have the exact evidence, but today the 'Securities and Venture Capital' line is diving at a high level, and the volume has increased significantly. Many non-core stocks have a huge number of main selling orders. All intraday funds showed a large outflow, which I think is obviously abnormal.”

"According to what the teacher said..."

"If it is not determined and the main force of institutions that are eager to exchange profits is to significantly reduce profits and reduce positions."

"Then... how can we explain that there are obvious selling orders from major funds in related concept stocks that obviously have no institutional holdings, and the time range of selling activities is basically the same, and there is a relatively obvious correlation?"

Saying that, Xie Wanting was on the computer interface...

She circled those "securities and venture capital" concept stocks that she thought were obviously abnormal.

Then, he continued: "I don't believe that the retail investors in the market can sell such a large number of concentrated selling orders, and can also link up with multiple stocks at the same time."

"Moreover, I have just carefully reviewed these stocks that have moved frequently today."

“It was found that in the month before the main line of speculation of ‘securities and venture capital’ broke out, and in the few trading days after the outbreak, there were few signs of concentrated entry of large-scale main funds.”

"As for Wealth Road, that is, Mr. Su's position building methods and methods of 'Yuhang Investment', I have learned from the Waigaoqiao stock."

"Teacher, look carefully..."

"These stocks had a relatively obvious increase in trading volume between October 9 and October 16 after the National Day, but the stock prices did not change significantly, and at that time the 'Securities, Venture Capital' line, And the various conceptual sectors in which these stocks are located are all unpopular areas of the market. "

"At that time, all the core and main funds in the market were concentrated on the core popular stocks in the two major fields of GEM, 'mobile Internet' and 'smartphone industry chain'. There was no main force paying attention to this field at all, so... this is why... Everyone has been ignoring it.”

"Awesome!" Seeing the stocks that Xie Wanting circled and the review notes he made, Zhou Guohua couldn't help but have a clear smile on his face. He was deeply pleased and praised, "You have learned how to analyze and analyze The opponent and the market are good... Judging from your analysis results, Mr. Su from 'Yuhang Investment' did not sell, but deliberately avoided the Dragon and Tiger list. You won."

Xie Wanting's talent in stock trading was even better than he expected.

This made him extremely happy.

After all, in the final analysis, this is the apprentice he taught himself. If Xie Wanting can go further than him on the road of financial trading in the future, then he will have glory on his face.

"This is also a guess." Xie Wanting was also very happy to receive the teacher's praise. "Whether it is correct or not, we have to wait for further verification by the market."

"Judging from your analysis, it shouldn't be wrong." Zhou Guohua said with a smile, "Mr. Su is very courageous. The first time he discovered the opportunity, he was able to invest heavily in it. From this point of view... …Everything he did on the Dragon and Tiger List since the National Day was just an act of confusion.”

Zhou Guohua carefully reflected on the market switching nodes of popular main lines such as 'securities and venture capital' after the National Day, as well as 'mobile Internet', 'smartphone industry chain' in the GEM direction, and 'reorganization and backdoor'. , raised his eyebrows, and continued: "Wanting, do you estimate...how much chips does Mr. Su have accumulated in the line of 'securities and venture capital', and how many did he sell out today?"

"It's hard to guess." Xie Wanting said, "Through the comparison of volume and energy, I can only find traces of his position of 500 to 700 million from these abnormal stocks, but I know that he holds It is absolutely impossible for some main lines of 'securities and venture capital' to only have this amount of chips."

"Just for these abnormally changing marginal stocks, there are traces of positions worth 500 million to 700 million, so Mr. Su's position size in the entire concept of 'securities and venture capital' is quite large." Zhou Guohua He said, "I'm afraid it must be at least several billion. It is estimated that the 'Yuhang No. 2' fund he just established has also invested in it."

"Is it so... exaggerated?"

Xie Wanting was slightly shocked when she heard the number "several billions".

This number was somewhat beyond her expectations.

"If he hadn't been heavily invested, he wouldn't have done so many confusing things." Zhou Guohua said, "This round... I'm afraid that many large investment institutions that think they are the leaders of the 'securities and venture capital' market, as well as retail investors and hot money who follow the trend, have all become his sedan bearers."

"And if... he has already started to reduce positions and stop profits on a large scale today."

"Then what's next..."

"These institutional groups that took advantage of the market's unequal news, the market's high sentiment, and the 'bull market expectations' to frantically pull the market will probably find it difficult to safely profit."

"Teacher, what do you think... what will he do next?" Xie Wanting asked.

Although she roughly guessed the other party's trading operations and captured the other party's traces on the market, she still couldn't guess the other party's next move.

Zhou Guohua pondered for a moment, and finally shook his head: "I can't guess, but I know... our positions in the line of 'Securities, Venture Capital' should be exited and profit-taking should be stopped!"

"Yeah!" Xie Wanting nodded, "Reduce it tomorrow morning."

Their layout on this main line of market is lagging behind everywhere, they didn't buy many positions, and the profit margin was not rich. Now that the largest main funds on this line have begun to layout and harvest, then they, the small fish that broke in, should naturally stop while they see the good.

Otherwise, they didn't make much money, but were hurt by mistake, which would be uneconomical.

While the two of them were guessing Su Yu's operation trends through market analysis and Dragon and Tiger List data, and adjusting their trading strategies in time...

In the entire market, interpretations and discussions about the lock-up of Fortune Road are endless.

"Fortune Road has locked up its positions and there is no movement. Should this be considered good news?"

"Definitely good news!"

"At least it is good news for many core hot stocks in the two main lines of Dongfang Securities, Dongfang Venture, and 'mobile Internet' and 'smartphone industry chain'."

"Indeed, I thought that Fortune Road had smashed the market again on the two previous hot main lines of 'mobile Internet' and 'smartphone industry chain', but I didn't expect... In the end, there was still no stock. Fortune Road is Fortune Road. This kind of determination is really not comparable to ordinary market leaders."

"However, good news is good news, but the number of chips that Fortune Road has openly bought on the 'securities, venture capital' line is not very large. Today, Fortune Road has stopped buying on the core hot stocks on the 'securities, venture capital' line. Does it mean that this line is about to enter an adjustment cycle? ”

“Not continuing to buy doesn’t mean there will be adjustments!”

“Look at Dongfang Securities, Jiefang South Road has also intervened, so the market is far from over, right?”

“Double heroes are here at Dongfang Securities. The stocks bought by Jiefang South Road and Fortune Road this year are basically big bull stocks that have increased several times. Now Dongfang Securities has only had three consecutive boards. Is it too early to say that it’s over? Anyway… I’m holding on to my chips. I will never sell unless Fortune Road is on the Dragon and Tiger list and reduces its position on a large scale.”

“Look at the selling list of Huatong Securities, which is basically all institutions.”

“This shows that the big plunge in the market today… is caused by the main institutional funds.”

“These junk institutions don’t do their job.”

“Not only do they not do their job, they also drag their feet. However… it’s good that these guys smashed the market, which will release more high-quality chips, which is convenient for everyone to buy. . "

"Look at the movement of Fortune Road. Recently, there are basically fewer sales and more purchases. Does this mean that President Su is also optimistic about this bull market?"

"Definitely! Fortune Road bought in hundreds of millions of dollars just looking at the Dragon and Tiger List in recent days, but Fortune Road must have bought more chips that are not on the Dragon and Tiger List."

"Anyway, as long as Fortune Road does not sell on a large scale on the list, it is good news."

"Yes, Fortune Road locked positions, Jiefang South Road newly entered, and you can continue to chase Oriental Securities tomorrow."

"Today, the 'Internet Finance' sector also has many bright spots. It feels like the old demon stock Shanghai Steel Union is going to start a second wave. It's a pity that the seat shown on the list is not Fortune Road, but a series of hot money in the Shenzhen Stock Exchange."

"The riot of 'Internet Finance' today should mean that the market will go deeper into the entire financial field next, right?"

"Finance is the first baton of the bull market, this is basically a consensus, and the next market will definitely continue to deepen into the entire 'big finance' field."

"I'm already fully invested, but looking at today's Dragon and Tiger List data, if the market continues to open high and move high tomorrow, I think it's time to raise funds. Now the Shanghai Composite Index has reached more than 2,400 points, less than 5 points away from the 2,500-point mark. This wave... can definitely pass!"

"If 2,500 points can really pass under the leadership of the securities sector, then the rest will be smooth sailing and head straight for the 3,000-point mark."

"A full-scale bull market is bound to come."

"I still remember the article that Mr. Su of Caifu Road published at the end of June. Now I see... Mr. Su's judgment on the market is really accurate. The 1,996 points set by the Shanghai Composite Index at the end of June is really the starting point of this round of bull market."

"It's more than accurate, it's simply a market guide!"

"Alas, it's a pity that I saw Mr. Su's article after the National Day, otherwise I wouldn't have made up for the loss until now."

"I saw it when Mr. Su posted it, but I was always doubtful and had only a small position on the market. As a result... I missed the 'Internet Finance' market in June and July, and missed the 'Internet Finance' market in August and September." The Shanghai Free Trade Zone's market situation has also missed the explosive market trend of the dual main lines of 'mobile Internet' and 'smartphone industry chain' launched at the end of September, so... I will never let go of this round of securities market conditions. ”

“The trends on Wealth Road are the leading market indicators of the market, and we have never missed a single move.”

"So, why analyze so much? Just follow the path of wealth and speculate!"

"Yes, Mr. Fortune Lusu eats meat, we can just follow him and drink soup."

"Full warehouse, full warehouse, let's all contribute together, tomorrow will directly help the Shanghai stock index break through 2,500 points, hit a 100-point positive line, and directly kick off a comprehensive bull market."

"As long as the regulators release some positive news in the evening, it will hit 2,500 points tomorrow. Isn't it impossible?"

"What's the benefit? Why don't the central bank lower interest rates and lower reserve requirements?"

"It's impossible to cut interest rates and reserve requirements. After all, the Fed has just withdrawn from the QE plan. The Fed is still preparing to raise interest rates. At this time, the central bank will never do the opposite. Otherwise, the domestic stock market will be comfortable and the exchange rate will collapse. It’s just a medium-sized benefit.”

"I hope the review standards for backdoor listings can be relaxed. The recent 'reorganization of backdoor' sector has been really tragic."

"As we approach the end of the year, the risks of shell stocks and ST stocks are definitely increasing day by day. Is it normal for large-scale capital outflows in this field? After all, where are the risks of delisting and ST stocks? Under the expected atmosphere of the bull market, money is being made everywhere in the market Opportunities, naturally there are no main funds to continue to lick blood in this field. "

"It makes sense! Hey... It seems that I will have to chase the securities sector tomorrow to get some blood."

"It's best to buy Oriental Securities. I feel that this stock has the potential to become a monster."

"With the blessing of two top hot money seats on Jiefang South Road and Fortune Road, plus this check, it is the leader in the securities sector, and it should be inevitable to become a monster."

"Not only Oriental Securities, I feel like the 'Three Musketeers of Oriental' all have the potential to become monsters!"

"All three have the potential to become monsters, but Orient Securities has the highest probability. After all, the exchange of chips is the most complete, and the market popularity and popularity are also the highest!"

In the midst of the heated market discussion...

In the evening, analysts from various brokerage institutions and senior investment consultants were still singing bullish calls for the market. Although regulators did not speak out, the relevant important media once again made positive reports on the exciting stock market and reiterated the The important role of the stock market as an 'economic barometer' and 'economic bloodline'.

Finally, the next day, Tuesday, October 23rd.

In the still hot and exciting market investment sentiment, and in a situation where the bullish view of the entire market has become an overwhelming advantage, the market is ushering in another trading time.

I saw...9:15.

Under the gaze of countless investors across the market, 85% of the nearly 2,000 stocks in the two cities opened red at the beginning of the call auction.

In particular, the two core popular concept sectors of ‘securities and venture capital’ have attracted much attention.

After encountering a high dive yesterday and a clearly differentiated trend, at this moment, there is no fear of the impact of yesterday's trend. The relevant indexes all opened higher than 2%, covering up the decline of yesterday's dive retracement. Among them, the most core popular For stocks, Oriental Securities, Oriental Venture Capital, and Zhezhou Oriental, which are referred to as the "Three Oriental Musketeers" by the majority of investors in the market, opened directly at the daily limit.

"This market sentiment is simply..."

At 9:16, inside the trading room of Yuhang Investment, Li Meng was slightly shocked after seeing the overall situation at the beginning of the collective bidding in the two cities: "If we hadn't concluded from the analysis results that the market would definitely encounter adjustments here, , I really feel like I’m back in the bull market, and my heart is racing!”

"Indeed!" Su Yu, who was sitting next to Li Meng, nodded slightly and sighed softly, "It's a pity that the market investment sentiment is so good."

"However, after this round of market conditions has passed, the hold-up that has been accumulated for many years above should be somewhat loosened. In this way, even if the market will undergo a huge adjustment in the future, it will also create opportunities for the next market to rise and go further. And the foundation." Li Meng smiled and continued, "Just like you said, 'The road to the bull market is tortuous, but the future will be bright.' I also think...the bull market, although not this time, will definitely come. Yes, and it’s not too far away.”

"It's rare to see you so optimistic." Su Yu also smiled and said, "The future is bright, but the most important thing is to focus on the present."

"Market sentiment and market changes..."

"It's starting to go in the most violent and worst direction I expected."

"With such rapid progress and forced breakthroughs, the market volume can obviously not keep up, and there is no substantial positive support. This flame that has burned to the extreme will soon flourish and decline, and will be extinguished quickly."

"So... we have to speed up the pace of reducing our positions, right?" Li Meng asked, "Yesterday, we reduced our positions by a total of 1.7 billion. Many stocks that are not very liquid have entered the liquidation stage, even if the market changes are faster than ours. It’s faster than expected, but it’s not too much beyond the plan. We still have enough time to deal with it.”

Su Yu nodded and said: "We have to speed up the pace. Within three days, we have to cut profits and reduce the positions of the two funds to 20%."

"Okay!" Li Meng nodded, "There should be no problem!"

The order of reducing their positions is to prioritize small tickets with low liquidity and marginal concept stocks, then the next level of concept stocks that have attracted the attention of some retail investors and major funds, and finally the core hot leading stocks with sufficient liquidity, which have attracted the attention of the entire market and the active funds.

According to this order...

As long as the first and second steps can be completed before the market trend reverses significantly.

Then, facing the last batch of core hot leading stocks that need to be reduced, there is no need to worry at all, not to mention... They intervened in the market very early, and the profit cushion of their positions is quite rich. Even if the market trend suddenly recedes and the index trend shows a flash crash, they need to sell quickly to grab the last liquidity of the market and achieve the purpose of exiting quickly, which is a huge advantage for them.

As the two talked, the time had passed 9:20.

After the large-scale order withdrawal, the market trend and investment sentiment, instead of declining, became increasingly intense. All stocks in the securities sector were in the green, and the sector index rose from 2.23% at 9:15 to 3.45%. The venture capital and Internet finance concept sector index also rose to around 3% at this moment. The rush for funds and the herd-and-conquer aggregation effect were extremely obvious.