As Su Yu spoke, the time moved to 9:20.

95% of the stocks in the two markets remained low, and in his own stock pool, Shanghai Stock Exchange Ganglian, Fenda Technology, Huaqingbao, NetSpeed ​​Technology, LeTV, Tonghuashun, Oriental Fortune... More than ten stocks, none of which opened low, all opened below 3%. Among them, Huaqingbao had the worst, with a low opening of 5%, and the selling orders completely suppressed buying. The stock price continued to move downward as the call bidding time went by.

“Do you buy it by placing an order?”

Seeing that the selling orders of various stocks were surging out during the call auction stage, and they could not stop it, Li Meng asked anxiously.

Su Yu stared at the market and replied: "Let your emotions be ventilated. There is no need to interfere in the call bidding stage. Our goal is to gain chips, not to maintain the stock price. Naturally, the lower the price, the better."

"Yeah!" Li Meng responded and said, "Depending on the situation, today's banks and securities have to drag their backs."

Su Yu laughed and said, "It's just banks and securities, there are the most institutions accumulated, and the market money shortage crisis is getting worse and worse. It's just that "big finance" is the first to be hit. It's not too normal for the main funds of various institutions to sell this sector. However... since early June, the decline of this sector has reached a terrifying 20%, and countless bloody funds have been produced. Continuing to panic is just the last drop."

"It's a pity that this sector does not meet our position building standards."

"If it is a big public fund, the bad news will be out of stocks in this wave of market money shortage, which is an excellent opportunity to build positions for these core weighted stocks of 'big finance' that have reached the absolute bottom."

"However, according to the holding standards of many public funds in the current market."

"Even if the opportunity on the left side of the market is in front of them, they will remain indifferent, because the years of fierce massacres in the bear market, the experience of buying at the bottom again and again and again has made them lose the spirit of buying at the bottom on the left, and they can only passively run at low positions, and then wait until the continuous trend of the market appears and the opportunity on the right comes."

"Public offerings should be on the right side," Li Meng replied, "If you make a mistake on the left side, you have to cut your losses continuously. Moreover, there is no closed period for public offerings. Continuous cutting of losses will seriously affect the net value. The decline in net value will affect the confidence of investors and cause investors to redeem successively, which will lead to a decrease in fund shares. Continue to sell chips to deal with redemption, and endlessly fall into passive stop loss."

“Speaking of this…”

"I think the closed period of private equity funds is really a relatively tolerant of fund managers' fault tolerance."

"It is not easy to increase the scale, nor is it allowed to promote it. It has a very high investment threshold and cannot allow the majority of retail investors to participate."

"It's a tiered investment system." Su Yu said, "This was originally intended to protect investors."

After all, private equity institutions are mixed, and some unethical private equity institutions just want to cheat money, manage fees, or use private equity client funds to carry their own funds, do hedging transactions, etc.

If ordinary retail investors are involved, I am afraid that many people will be cruel to even pull out the roots of the leeks.

During the short exchange between the two, 9:25, the call bidding of the two markets ended. In the end, the Shanghai designated grid was at 1916.12 points, a drop of 2.39%; the ChiNext designated grid was at 947.35 points, a drop of 2.48%.

Concept sectors and individual stocks.

The concept sectors of the two markets only have small metals with strong risk aversion attributes, and the gold sector is slightly red in the market, while the rest are all open lower. Among them, the concept of "Internet Finance", "mobile game" concept, finance, real estate, white goods, and liquor have the largest declines, and the infrastructure, steel and automobile sectors have a smaller decline.

Individual stocks performed with huge gains in the early stage. The core popular concept stocks that were speculated by hot money all opened significantly lower, underperforming the market index. Then, third-tier liquor stocks, local commercial bank stocks, and second-tier white horse stocks with heavy institutional holdings but relatively lack of liquidity, fell sharply and sold at an extremely obvious level.

Overall...

The entire market, whether it is institutions, hot money, or retail investors, are selling.

The market investment sentiment is even more sluggish than yesterday. Several major indexes, through a sharp low opening, directly destroyed the slightly regained a little decline in the late trading of yesterday, led by two barrels of oil, Chang Electricity, and Huaguo Construction, and continued to refresh the market low. Among them, the Shanghai Composite Index continued to hit a four-year low, completely extinguishing the only long hope left in the market.

As for Su Yu's personal capital account holdings and the fund's early position building chips.

At this moment, they were all in a loss, and the floating net value of the fund was also below the initial net value of 1.

Faced with such opening results, Su Yu did not have any fluctuations in his heart and ignored the floating losses in his account. However, in the chat group he added, the online forum comment section where he posted the post, the little long emotions that had recovered slightly before, were now tragically collapsed.

In the retail group of students, everyone's doubts about him began to grow.

In the main hot money group, the sound of buying at the bottom before the market was abruptly stopped at this moment, and some were just the uneasiness and fear of the holders.

In the fund investor group, everyone saw that all the stocks Su Yu built their positions opened lower, and there was no red market, and many people couldn't help but show tension.

In the comment section of the post, the bears mocked and counterattacked were endless.

Even in the comment section of his post last night, several investors who clearly expressed their opinions were already pulled out by some good short investors at this moment and began to whip the corpse and slapped in the face.

Of course, all this is just the beginning.

When 9:30 arrived, the two markets began to formal bidding transactions.

When Huaqingbao opened at a low of 5.2%, the explosive volume fell with the trend. In less than 15 minutes, it hit the limit down, becoming Su Yu's wealth road, Fusheng Road, and the first stock to hit the limit down, the voices of questioning him in the chat group and online forum were even louder.

"Just jump downward and sell down, and then break through and then stand firm, and what should I see the bottom?"

On the online forum, under the posts posted by Su Yu, the group of investors who complained soared again as the market continued to fall.

"Hey, let's look at 1500 points. The poster's face should be swollen today. There is no possibility of a reversal of this gap in the selling trend."

"The liquidity crisis is the best choice."

"The poster also talks about future opportunities, on the GEM, but the GEM fell more sharply than the main board today. If the Shanghai Composite Index looks 1,500 points below, with such a high valuation of the GEM, I think it will be at least below 500 points."

"The poster also said that the central bank saved the market? As a result, after a night passed, the entire market was not only negative, but negative."

"It's not me that the poster's analysis is very clear, but in the end, he must be the one who loses the most."

"Sing too much at this time is obviously a scam!"

"The poster is not just singing too much and selling short, and is specifically fooling people to take over, right?"

"Not to say, it's really possible. At this time, there is obviously a meaning of fooling people to take over. It is very likely that the poster is a researcher from an institution. In the absence of liquidity in the entire market, the institution cannot deliver goods, so it is necessary to deliberately sing too much to attract people to take over."

"The poster is either a liar or a deliberate sing to attract more people to take over."

"The Shanghai Composite Index has broken 1900 points. Does the poster's face hurt?"

"There is no doubt that it is another day of plummeting. The poster is full of lies, more shameless than a liar. If you listen to the poster's comments this morning, you may have been buried again."

"At this time, everyone who sang a lot was a liar, and the poster was no exception."

"Oh, buried, buried..."

"It seems that the market is really beyond help, so there shouldn't be any hope!"

"The poster is really harmful. How many people are buried because of this poster's poster's poster's poster's poster's poster's poster's poster's post!"

"Press up and let more people see it. The poster is a typical market counter-referencing."

"Facts have proved that all analysts in the market are fortune tellers in the face of actual market trends, so they have no analysis in place."

"This is originally a garbage article with a strong sense of self-subjectivity. The poster is the one who deserves to be harvested by the market and deserves to lose money."

"Huaqingbao hit the limit, Shanghai Stock Exchange Steel Union and Fenda Technology also hit the limit, depending on the situation. Today, even Fusheng Road and Caifu Road were buried, and the poster was destined to be swollen."

"There is no fine steel drill, not taking care of porcelain work, this is the one who posts is not meant to be... "

Countless bearish remarks are filled with Su Yu's comment section. When the actual trend of the whole market has been completely blown up by the bears, there are few people who insist on agreeing with his views.

At the same time, Su Yu was in the retail group of students.

Everyone's complaints about him became more and more intense.

"Oh, sure enough... this market is beyond help. Not to mention recovering 2,000 points, I can't even hold on to 1,900 points, cut it, cut it!"

"I really shouldn't believe Su Yu's words, hey... I'm buried again!"

"We shouldn't have the last bit of fantasy. What Su Yu said in his article is indeed too optimistic and too ideal."

"See you at 1500 o'clock, it's terrible."

"Every time a glimmer of hope arises, I will set 10% more of it. It's simply that Su Yu's article has misled me."

"I don't know if Su Yu has made it, he should have lost a lot, right?"

"Now look at... no matter how correct the analysis logic is, if the direction is wrong, it is equal to zero!"

"I don't think it's a big deal to Su Yu. The market is full of mud and sand. Who wouldn't lose as long as you are on the market? Looking at the wealth road and the Fusheng road for a few days, aren't it also buried?"

"Yes, the dish is the original sin. It's useless to blame other external conditions."

"When it comes to the main funds of Wealth Road and Fusheng Road, since they appeared on the Dragon and Tiger List, they have never lost money every time they make a move, right? The winning rate is 100%. This time... it seems that they are about to fall from the altar."

"It seems that yes, the stocks bought by Fortune Road and Fusheng Road yesterday have now been swinging on the limit down. Moreover, Fenda Technology and NetSpeed ​​Technology have fallen by more than 7% at this moment. It is very likely to replicate yesterday's trend. The 100% winning rate myth of Fortune Road and Fusheng Road will definitely be destroyed today."

"Hey, cut the flesh, cut the flesh... the market has completely lost its liquidity and has completely collapsed. At this time, it is not thinking about how to buy at the bottom, but about how to survive."

"I lost 20%, and I also cut it!" Huang Luolin also echoed in the complaints and complaints of everyone, "The real liquidity crisis has occurred. I think it is impossible to stop 1,500 points. Hua Qingbao seems to have to return to the position before the first wave of increase. Make money in the bull market and make stocks in the bear market. When the market bottoms out, take it at a low level."

Fierce complaints and discussions...

Whether in the group or on the online forum, people who send private messages @Su Yu are emerging one after another.

However, at this moment, Su Yu was too lazy to pay attention to these news. He focused on the Shanghai Composite Index that had already broken through 1,900 points and the ChiNext Index that had fallen below 4 points, reappearing yesterday's extremely panicked ChiNext Index, constantly instructing Li Meng and Wang Can to sweep the target stock market chips and buy as much as you can, and strive to fully build the fund's overall position target within the morning trading period.

At 9:55, the Shanghai Composite Index reached 1895 points, and the ChiNext Index broke through 930 points, while the overall holding line of the "Yuhang No. 1" fund reached around 25%.

At 10:03, the Shanghai Composite Index broke through 1890 points, the ChiNext Index fell by 4.5%, and the overall decline of the stock pool selected by Su Yu was greater than 6%. The three stocks of Shanghai Stock Exchange Ganglian, Huaqingbao and Fenda Technology hit the limit, while the fund holding line soared to more than 32%, completing half of the position building task.

At 10:07, the Shanghai Composite Index reached the lowest point of 1886.26, then bottomed out and rebounded, regaining the 1895 point. After the ChiNext Index reached the lowest point of 922.78 point, it also followed the bottom and rebounded. Fenda Technology opened the limit down, and stocks such as LeTV, NetSpeed ​​Technology, Tonghuashun, and Oriental Fortune rebounded to between 5% and 7%, while the fund holding line continued to soar to the 35% water level line, continuing to increase.

At 10:15, the Shanghai Composite Index returned to the 1900 point mark, the ChiNext Index fell back to about 4%, the Shanghai Stock Exchange Steel Union's limit down opened, and some funds bought the bottom, and the fund holding line had increased to more than 38% at this time.

10 million, 20 million, 50 million...

Since the trading started at 9:30, Li Meng and Wang Can have nothing else to do except buy or buy when Su Yu's instructions were issued.

"1886.26 points..." Seeing that the Shanghai Composite Index rose above 1900 points, there was some obvious desire to attack. Li Meng breathed out and said, "It should be almost done, right?"

As she said that, she held the mouse and was about to invest another 10 million yuan in funds to sweep the sale.

At this time, the index that was originally normally bottomed out and rebounded was like a snorkel, turning straight downward, breaking through the 1900 point again, heading straight to a new low.

When Su Yu saw Li Meng stunned, he could no longer understand the changes in the market.

He couldn't help but urged in a deep voice: "Don't worry about the index, just focus on individual stocks and buy. Before the lunch time comes, try to increase the position level to more than 50%.

Despite the index, individual stocks fell violently.

But except for some core weighted large markets, most small-cap stocks have poor liquidity.

They transferred funds one after another, clearing the active selling orders on the market again and again, but in fact, the buying speed was not fast.

"Yeah!" Li Meng replied.
To be continued...