Chapter 562 The Journey of the Bull Market (VII)!

"The check for 'LeTV' actually dropped to the limit."

Noting the initial call auction trends of many popular stocks in the market, Li Meng was a little surprised in the trading room and said: "400,000 orders have been closed, blocking the market. This negative effect is really greater than we imagined. Look at this situation ... Once the check of 'LeTV' collapses, the entire 'technological growth' line will be even more vital. If nothing else, the 'technological growth' line should experience an extreme trend, right?"

Su Yu followed Li Meng's voice, observed the overall collective bidding trend of the market, and responded: "The check for 'LeTV' dropped by the limit today, and the opening was within expectations, but it was 'Huayi Brothers, Net "Su Technology, these two core stocks in the main line of 'tech growth', followed the trend and fell so severely that they opened down by nearly 7 points during the collective bidding stage, which was somewhat unexpected."

"Judging from the initial call auctions of the two cities, the selling in the entire 'Technology Growth' main line is quite serious." Liu Yuan took over and said, "There should be no hope for the 'Technology Growth' line today. The entire market Almost all of the active financial groups are concentrated in the fields of 'infrastructure' and 'military industry.'

"Isn't this the market change we hope for?" Wang Can chuckled and said, "The continuous surge in the 'technological growth' line last week was originally a pseudo-logic. Now it cannot hold on and has entered a stage of substantial adjustment. Naturally, in my opinion, those institutions and many small and medium-sized investor groups that pursue the trend of 'technological growth' deserve to be buried."

"You can't say that." Zhao Lijun responded, "The vast majority of small and medium-sized investors follow blindly."

"Indeed." Zhang Guobing said, "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 carry out reasonable inducements. Go long on the market.”

"When the selling wave on the main line of 'Technology Growth' is going on, the market index will also be affected, and it won't go far, right?" Zhu Tianyang thought for a while and said, "How many major indexes are the Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index, and GEM Index? Although the intraday trends of the indices are often divergent, the linkage between them is actually quite strong.”

"If the relevant core concept sectors in the Shenzhen market are hit hard."

"Then, even if market sentiment and funds follow the trend, focusing on the main board, it is estimated that the main board will be difficult to find an independent trend that far exceeds the increase of the Shenzhen Stock Exchange Index and the ChiNext Index, right? It should still be affected to some extent, and at the same time, the growth of technology 'A comprehensive collapse of this line will also have a substantial impact on the investment sentiment of the entire market."

"From this perspective, this may not be a good thing for us."

"But it's hard to have both in everything." Liu Yuan heard Zhu Tianyang's words and responded, "The current incremental funds in the market cannot support the general rise in the market. In this case, whether it is us as the leader of the market inducement, or Other active financial groups who aim to make money will naturally have their own choices.”

"If there is a major adjustment in the 'Technology Growth' line... then the 'Internet Finance' and 'E-Commerce' directions where we have a large position should also be greatly affected, right?" Wang Can asked, "Boss , our positions in these two directions are already profitable. Now the main line of market conditions has fully shifted to the direction of the 'infrastructure' and 'military industry' sectors. Our positions in these two directions... should we reduce our holdings? "Suo Ying?"

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

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

"'Internet finance' and 'e-commerce', two concept sectors that have surged in the past along with the main line of 'technological growth', will also change with the changes in the fundamental expectations of the entire 'technological growth', as well as changes in market sentiment. react, and follow the trend and fall into adjustment.”

"But is that why we should sell?"

"no!"

"What is the fundamental logical expectation for us to buy the corresponding core component stocks of the two conceptual sectors of 'Internet Finance' and 'E-Commerce'? It is that the traditional financial field is changing in the direction of 'Financial Technology' under the trend of 'Mobile Internet', so Looking back now, it’s time to realize these two expectations: the huge incremental space for trading system software and the impact that Ali Baba’s listing will have on the valuation of the entire e-commerce industry? Already?"

"No, the current performance expectations of 'Internet Finance' companies that focus on 'financial trading system software production and maintenance' and 'emerging financial services' are still rising rapidly, and 'Ali Baba' has not yet confirmed The listing on Nasdaq and even its final listing price have not yet been finalized.”

"For the trading market..."

"Once the expectations have not yet been realized, the imagination space of expectations is still increasing."

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

"When we intervene in these two concepts, what kind of expected logic we follow, then when we exit the market and take profits, we should also follow this expected logic."

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

"Following this logic to buy, sell and hold positions, we will not be blinded by the market's temporary ups and downs, and ultimately be swayed by emotions."

"Of course..."

Su Yu said this, his eyes moved away from the fiercely changing market in the two cities, looked around at everyone in the trading room, and then continued with a smile: "Once the logical expectations of our purchase are realized, 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 should decisively reduce positions to stop profits and exit."

"No matter how we reduce positions, or clear positions to stop profits and exit."

"No matter how the subsequent trend of this stock changes, whether it rises or falls, if the new expected logic of entry is not formed, we should not go back to make this check again."

"In general, when we buy and sell stocks."

"The principles we follow should not be the stock price performance we see intuitively, but the internal expectations and emotional changes."

"I understand!" Wang Can listened to Su Yu's analysis, was silent for a moment, and nodded.

Of course... Whether he really understands it, only he knows it in his heart.

"So..." Su Yu continued after Wang Can responded, "The first priority for us to adjust and reduce positions is to understand whether the check that needs to be reduced or cleared has reached the top as expected? As long as we understand this, we can clearly know what to do next."

As the trading room, everyone discussed the market trend and made corresponding analyses.

When Su Yu turned back and paid attention to the market, the trading time had passed 9:19 and entered the market's real call auction stage after 9:20.

After the false pending orders were withdrawn at 9:19...

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

In the entire market, all the concept sectors and industry sector indexes related to the two main lines of "military industry" and "infrastructure" have opened high at this moment. Among them, a number of popular stocks, such as "Beijiang Communications Construction", "Fushun Special Steel", "Huaguo Zhongye", "Huaguo Railway Construction", "Shanghai Construction Engineering", etc., have also opened high across the board, especially "Beijiang Communications Construction" and "Fushun Special Steel", which even opened higher by more than 5 points.

And the entire main line of "technological growth".

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

As for the popular stocks in the entire "technological growth" main line,

LeTV maintained a downward limit in the call auction, and the downward limit orders have increased from 400,000 to nearly 450,000; Huayi Brothers fluctuated around a 7% drop, and the call auction orders increased rapidly, which also showed a downward limit trend; Netspeed Technology slowly recovered from the initial 7% drop to a 5% drop, and the call auction orders also increased rapidly, and the funds for active selling were endless; Hengsheng Electronics fell by about 3%, although the drop was not large, but the selling funds on the market were also endless...

In general, the entire "Technology Growth" main line area.

Under the negative impact of LeTV, the overall market trend on Friday, countless short-term funds were trapped and eager to cut positions and stop losses, and the profit-taking of various profit-taking funds that continued to speculate on the "Technology Growth" line last week.

A substantial panic selling and collapse trend has been formed.

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

"Ah, I didn't expect it to be so tragic at the opening."

At 9:21, in the Shenzhen Stock Exchange, in the core trading room of the main fund of "Pingyin Asset Management", Liu Ziliang, general manager of asset management business, stared at the rapidly changing market, frowned, and was still very depressed. He sighed: "The form of "LeTV" can't be stopped by a limit down. It's really that I can't sell any chips."

They hold a lot of positions on this check, and at the same time, this time... they really suffered heavy losses.

It can be predicted that through their position adjustment during this period, they completely stepped on the wrong market rhythm. In the next period of time, the net value performance of their several main funds will be quite ugly.

Of course, it is no use to care about these gains and losses now.

What he should think about at this moment is how to induce and pry the market, so as to make his chips on the line of "technological growth" as much as possible, so as to quickly reduce positions and stop losses and reduce corresponding position losses.

"Mr. Liu, we have no way to deal with the check from LeTV for the time being." Fund manager Chen Shen said, "But the two hot concept sectors of 'Internet finance' and 'e-commerce' have become the most resilient concept hot sectors in the entire 'tech growth' main line field as Mr. Liu predicted on Friday. I think... we can leverage the sentiment of the 'tech growth' main line by following these two concept sectors."

"Also, in the main board direction, the two main lines of 'military industry' and 'infrastructure' have too strong initial expectations, and the high opening range is estimated to be not low."

"In this case..."

"I think that due to the impact of the market's incremental funds and investment confidence not fully recovering, the concept sectors of the two lines of 'military industry' and 'infrastructure' will definitely have a violent shock after the opening. If we induce the two major sectors of 'Internet finance' and 'e-commerce' at the right time, we should be able to induce some funds to flow into the main line of 'technological growth' to buy the bottom, so that the sentiment of this line can be temporarily restored."

"In this way, we have the hope of taking advantage of the recovery of sentiment and the increase in liquidity to significantly reduce positions and quickly stop losses."

After hearing what Chen Shen said, Liu Ziliang pondered for a moment, exhaled, and sighed: "At this point, this is the only way to operate and choose."

After that, he immediately followed Chen Shen.

Let the trading teams of several funds under its umbrella use the remaining liquidity to appropriately undertake the core component hot stocks in the fields of "Internet finance" and "e-commerce", drive the depressed market sentiment in these two concept sectors, and induce other funds that are still bullish on the development of the market of these two concept sectors and the trend of individual stocks to concentrate on attacking the market upward and pull back the collapsed speculation sentiment.

And with the "Pingyin Asset Management" institution taking a different approach and investing funds, it took the "Internet finance" and "e-commerce" two main lines of "technology growth" as the entry point, which are relatively expected and relatively resistant to declines, and the long funds have not completely collapsed, and pulled the entire "technology growth" main line speculation sentiment...

When the core concept stocks with high attention in the two major concept sectors of "Internet finance" and "e-commerce", namely "Hengsheng Electronics" and "Sanjiang Shopping", suddenly moved abnormally, the collective auction trend suddenly emerged from the deep water, and the volume rose steadily, and the decline narrowed rapidly.

Including a group of institutional groups including "Yuhang Investment", as well as hot money and small and medium-sized retail investors.

I noticed this change instantly.

"Hey, Boss... It's just as you said. The two concept sectors of 'Internet finance' and 'e-commerce' have not been fully realized. They have gradually come out of the water again." At 9:23, inside the main fund trading room of 'Yuhang Investment', Wang Can stared at the market with a hint of surprise in his eyes. "The collective bidding trend of 'Hengsheng Electronics' and 'Sanjiang Shopping' has completely changed from before!"