"Any questions?"

After hearing Lin Tingzong's complaints, Gu Chijiang asked from the side.

Lin Tingzong replied: "According to common sense, such a positive trend cannot support the trend of Zhezhou Oriental. It would be good to have a higher opening of 5% at most. What's more, this check has been speculated to the daily limit by hot money yesterday. It has already reached the daily limit."

It can be regarded as a full reflection of the good news, but I didn’t expect...Mr. Gu, in the past two days, the reaction of the core main funds in the market to the concept of 'securities and venture capital' was a bit excessive!"

"Market sentiment and bull market confidence have increased, and the index continues to reach new highs. At this time, the market's main funds attack the sectors that benefit from the bull market such as 'securities and venture capital' to create higher market sentiment and space and consolidate bull market confidence. Is it normal?

"Gu Chijiang said, "Hot money focuses on concept stocks led by the GEM. Institutions cannot get suitable bargaining chips and are unwilling to pursue high positions, so they attack from another logical line to seize active capital flows in the market and create a sustainable market.

, it makes sense to earn excess profits.”

"However, the current market turnover is slow to expand, and it is difficult to support the 'securities and venture capital' sector to continue to advance!" Lin Tingzong said, "The securities riot is too early. I feel that the funds of various institutions are a little eager for quick success."

“Isn’t it good that ‘securities and venture capital’ cannot continue to advance?” Gu Chijiang said with a smile, “If the market rotates like this, won’t it turn back to the GEM market?”

Lin Tingzong replied: "Not necessarily. When the market turnover cannot continue to increase, the incremental funds cannot keep up, which means that the market is still a stock game, and in the market of stock games, active funds are relatively limited. If this part of the funds

If you are caught in the market line of 'securities and venture capital', the two main lines of 'mobile Internet' and 'smartphone industry chain' will become even thinner."

"and……"

Lin Tingzong paused and said: "The current market is entirely supported by emotions."

"It is the continuous money-making effect of the market that continues to stimulate investment sentiment. That is why the sustained market situation has led to the continuous inflow of incremental funds."

"If the 'securities, venture capital' speculation market line fails."

"That is, if the market's continuous money-making effect can no longer continue, then the market's investment sentiment will quickly ebb, and a drastic adjustment... may be coming."

"I think this is a bull market..."

"But this is only the first stage of the market's continued bullishness, that is, market sentiment and market conditions are in a cycle of getting rid of the shadows of the past and confidence is slowly recovering."

"And the market, which is slowly recovering confidence, is still relatively fragile."

"Although everyone has good expectations for the market outlook, at the same time... they are also doubtful and do not have high self-confidence."

"In this case, once the market's money-making effect declines, there will be obvious adjustment signals."

"The market confidence built up during this period is very easy to collapse, causing the market to return to the sideways fluctuations seen in August and September."

"So... what are your plans?" Gu Chijiang paused for a while and continued to ask.

Although he did not completely agree with Lin Tingzong's views, he felt that the risks he mentioned still existed.

If the "securities, venture capital" line goes completely worse than expected and traps a large number of active funds currently following the trend, it will indeed not be a good thing for the evolution of the entire market.

Lin Tingzong thought for a while and said: "I think the underlying logic and sustainability of the 'securities and venture capital' line are not as good as the 'mobile Internet' and 'smartphone industry chain', so there is no need for us to lose the opportunity."

In this case, go long after chasing the position at this time.”

"But the trend changes of this line are extremely important to the overall market trend."

"So, although we are not involved, we must pay close attention to it."

"If this line creates market space, further enhances market confidence, and makes the bull market conclusion thoroughly rooted in people's hearts, then we will take advantage of this line when the hype is at its highest to use the last liquidity of our fund.

Then break into the two core main lines of 'mobile Internet' and 'smartphone industry chain'."

"If this line goes completely worse than expected, there will be no signs of continued expansion in market turnover."

"That is, if this line fails to create new money-making effects and further enhance the market's confidence in the bull market, then we... must start to reduce our positions and quickly reduce fund positions to low levels to welcome market adjustments."

"Generally speaking, this should be the key trend divergence point in the market."

"We must remain optimistic but also be wary of risks."

"You just have to be prepared to defend, and you can't aggressively increase your positions, right?" Gu Chijiang understood, "In that case... then just wait and see, don't do anything, and take a look at the next two moves of the market.

Change the trading day!”

"Okay!" Seeing that Gu Chijiang agreed to his suggestion, Lin Tingzong couldn't help but smile and nodded.

Then, he quickly turned his attention back to the trading conditions of the two cities.

I saw... As the two people were talking, the time had reached 9:19, and the two cities were about to enter the real collective bidding stage where orders could not be cancelled. The overall market conditions changed in these few minutes, compared with the initial collective bidding process.

When bidding, there is no difference.

"The market situation is so good. It has been adjusted for two consecutive days. It can't possibly fall again today, right?"

At the same moment that Lin Tingzong and Gu Chijiang were talking, in the office of the company's market analysis department next to them, Mu Yao's eyes were intently staring at the stock price changes of 'Hua Qingbao' on the computer screen, as well as his leveraged stock account.

Regarding the changes in funds, I prayed secretly: "After two days of adjustment, it has reached the 10-day line, and the guy on Fortune Road did not sell yesterday. The market sentiment should have improved, and it should be possible to... restart the upward trend and reach new highs.

!”

Those who are strong will always be strong...

In yesterday's market trend, he failed to catch up with the "Securities, Venture Capital" market, but transferred almost half of his holdings to "Huaqingbao", the most popular leading stock in the "mobile Internet" field.

, I want to make a wave of "dragon turns back" market.

Moreover, similar to Lin Tingzong's idea, he does not believe that the current market volume is sufficient.

It can support the continuous breakthrough of the "securities and venture capital" line.

In his opinion, the core main line of the market, the field with the most room for imagination and the most expected performance explosion, is still the conceptual sector related to 'mobile Internet' and 'smartphone industry chain'. He feels that in the short term... no matter how the market changes

, in the end the market will have to return to the 'mobile Internet' and the 'smartphone industry chain'.

And in the early stages of a bull market... only the model of "weighting the stage and small tickets singing" can gather market sentiment to the maximum extent and create a continuous profit-making effect, thereby completely reversing the trend of the market and allowing this kind of bull market to

Concepts penetrate deeply into the minds of investors.

However……

The idea is good, but the actual market trend is completely different.

As the time entered 9:20, after a large number of false pending orders were withdrawn, several major core concept mainline related sectors such as 'mobile Internet', 'smartphone industry chain', 'reorganization backdoor', and their core concept stocks further

Being abandoned by market funds, the decline instantly expanded.

Among them, Mu Yao was staring at the ‘Hua Qing Bao’.

At the moment when the time passed 9:20, it was sold by tens of millions of major funds on the market, and the decline suddenly fell from 0.87% to 2.23%.

"What the hell...sick!"

Seeing Hua Qingbao's weak collective bidding trend, Mu Yao couldn't help but curse.

He couldn't understand how the call auction trend in the entire market was clearly very good, and Hua Qingbao had made sufficient adjustments in the past two days, so it could go against the general market and go so weakly.

"The market is obviously still going up sharply today. The guy who smashed the market...did his parents die?" After uttering a curse word, he still felt aggrieved in his heart, "I don't believe it anymore, you made adjustments in advance.

It’s more than ten points, and when the index is at a new high, can it continue to underperform the broader market index?”

He originally pointed to the stock 'Hua Qingbao' to make a comeback.

Now that the vote has gone far worse than expected, he is really upset.

Of course, what is even more irritating is that the Shanghai stock index has rebounded to a new high, and the market value of his stock account has returned to 300 million, and all profits have returned to zero.

As he complained and became depressed, time continued to march...

'Securities, venture capital', the emerging main line of speculation, continues to be favored by funds; 'mobile Internet', 'smartphone industry chain', 'reorganization backdoor', and 'Shanghai Free Trade Zone' are several early popular concepts

The main line continues to recede, especially the line of 'restructuring and backdooring'. Today's call auction trend is even worse than yesterday. The large number of investors who chased this line in the early stage and did not have time to withdraw are simply wailing in their hearts and do not understand this.

The reason for the trend.

Finally, at 9:25, the collective bidding in the two cities ended.

The Shanghai Stock Exchange Index opened higher at 0.79%, and the ChiNext Index opened higher at 0.23%. Among them, the Shanghai Stock Exchange Index hit a new rebound high, with the index crossing the 2360 mark.

Sectors and individual stocks.

The securities sector opened 1.36% higher, and the core stock Orient Securities opened 4.78% higher. The call auction turnover exceeded 100 million yuan, and trading was extremely fierce. Huaxin Securities and Huatong Securities both opened about 1.5% higher.

The venture capital concept sector opened 1.59% higher, and the core popular stock Zhezhou Dongfang opened at the daily limit, with an increase of 10%. The entire call auction only saw 7.96 million transactions, which is basically an unlimited one-word board, and the closing funds were more than 300,000 lots.

Equivalent to the circulation of Zhezhou Oriental, it can be said that it greatly exceeded market expectations.

Influenced by the high opening of Zhezhou Dongfang, the check of Dongfang Entrepreneurship was also rapidly attacked by funds, and finally opened higher at 6.83%, with a strong tendency to continue to rise by the limit.

Other popular stocks, such as Zhangjiang High-tech, Shibei High-tech, Zijiang Enterprise, Luxin Venture Capital, Tuozhong Shares, etc., opened higher, all greater than 3%, significantly stronger than the index increase and sector increase, and the willingness to rush for funds.

, extremely obvious.

'Mobile Internet' related concept sectors, such as 'mobile games', 'Internet finance', 'mobile payment', 'smart city', 'Internet information', 'network security' and other series of sectors, are all in a low opening state.

The core popular stocks in its related sectors include Huaqingbao, which opened lower by 2.83%, Changqu Technology, which opened lower by 2.11%, Huake Financial, which opened lower by 1.81%, Flush, which opened lower by 1.13%, Oriental Fortune, which opened lower by 0.76%, and Tianyu Information, which opened lower.

1.56%.

The performance of the concept sector related to ‘smartphone industry chain’ is similar to that of the concept sector related to ‘mobile internet’.

Among them, especially the 'Apple Industry Chain' sector and the 'Wearable Devices' sector suffered heavy losses. The core popular stocks Anjie Technology fell 2.51%, and Fenda Technology fell 3.11% at the opening.

As for the concept of ‘restructuring and backdooring’.

Today, it was completely abandoned by funds and directly led the two markets down.
To be continued...