Chapter 172: Volume Reduction Accelerates, Strategy Changes!

A main buy order of 8,000 lots directly entered the market to grab shares, pushing the stock price to the upper limit price of 58.34 yuan, causing the number of call auction orders matched and traded on the market to increase sharply from more than 2,500 lots to more than 6,700 lots in an instant, and the upper limit orders were more than 3,000 lots.

Su Yu frowned and was about to place an order to suppress the overly consistent emotions on the market.

However, he saw that the same 8,000 lots of sell orders had been added to the upper limit price of Shanghai Steel Union in an instant, breaking through the market that had just reached the upper limit.

Then...

Seeing that there were large funds selling on the upper limit price, the pressure of market divergence was relatively large.

The various follow-up funds that were ready to follow the previous 8,000-lot upper limit price to grab shares instantly retreated, and they all stayed put, waiting for the final opening result of Shanghai Steel Union.

As the follow-up funds retreated, the growth rate of buying on the Shanghai Steel Union market slowed down.

Selling orders began to increase dramatically.

So, at 9:23, after experiencing a half-minute limit, the stock price of Shanghai Steel Union fell back to around 7% again, and the overall call auction matched the transaction order, reaching 11,000 lots.

At 9:24, the growth rate of selling orders was still greater than that of buying orders, and the stock price of Shanghai Steel Union continued to fall.

Finally, at 9:25, when the call auction ended, the stock price of Shanghai Steel Union was fixed at 56.12 yuan, an increase of 5.81%, and returned to the price at 9:20, when the call auction phase of the irrevocable order began. During the entire call auction phase, a total of 16,800 lots were traded, with a transaction volume of more than 94 million.

Among them...

At 9:22, the 8,000 sell orders were placed on the daily limit board to suppress emotions.

Su Yu took a look at the static orders of all positions on the market, as well as the transaction details of the entire 16,800 lots, and found that these 8,000 lots were not traded in the call auction, and were still hanging at the upper limit price of Shanghai Steel Union.

He knew that at this moment, the main funds in the Shanghai Steel Union market.

Except for him, Zhao Qiang, and Xu Xiang, no one had 8,000 lots of chips.

And he did not place an order. After Zhao Qiang locked the position, he followed his instructions and naturally would not suppress the market to control emotions at that critical moment.

Then, the only one left was Xu Xiang.

After figuring this out, Su Yu sighed: "The chief leader is still powerful. He knows that the market sentiment today is not bad. Even if the emotions are suppressed, the market will not collapse. On the contrary, increasing the turnover can make the stock price go further and squeeze out the rising potential of this stock as much as possible."

He had already prepared for this stock to open high and accelerate with shrinking volume.

Unexpectedly, after Xu Xiang guessed his motives, he had a much more broad vision than he thought. He knew how to maintain the market and let the widely circulated "vague good news" ferment for a longer time, so that more funds would be involved in this stock.

"Fenda Technology really opened higher."

While Su Yu was sighing, Li Meng's voice came again: "It opened 3% higher, and the transaction volume of the call auction directly exploded to the level of 70 million, which was larger than the transaction volume of yesterday. It seems that... the negative impact of the major shareholder's reduction of holdings has been digested and reacted."

Su Yu nodded and replied: "Market funds are not stupid. At the current stage, the fundamentals of this stock and the extremely high performance expectations in the future are still very strong."

"You can be a little more aggressive today..."

Su Yu paused and continued: "Without Fenda Technology The pressure of the limit down will greatly ease the fear of heights and risks of various active funds in the market. High-priced popular stocks and core concept stocks with excellent fundamentals should usher in a wave of rapid capital pursuit, and the index will not be too ugly today. "

"Of course... the main board is definitely still half-dead."

"After all, the main funds and incremental funds for the rise of the ChiNext Index are flowing out of the main board. The main board has been bleeding, and it is good enough to be able to stay horizontal."

Since the market bottomed out on June 25...

In fact, the seesaw effect between the main board and the ChiNext is getting more and more serious.

"I know!" Li Meng smiled, "Don't worry, I will execute according to the strategy. For the core concept stocks of the GEM, except for Fenda Technology, which has completed the adjustment, there will only be a decrease, not an increase. At the same time... quietly buy stocks such as Lujiazui, Shanghai Material Trade, Shanghai-Hong Kong Group, Pudong Jinqiao, Jinjiang Investment, etc., to complete the action of slowly adjusting the position."

"Yes!" Su Yu nodded, "But the action of buying Lujiazui, Shanghai Material Trade, Shanghai-Hong Kong Group, Pudong Jinqiao, Jinjiang Investment... these stocks must be light, large orders must be reduced to small, and attention must be paid to passive acceptance only when the intraday trend falls, and never actively pull the market or place orders."

"And the purchase volume should not be too much..."

"As long as there is no obvious trace on the market, a stock with millions of volume inflows a day is all right."

Lujiazui, Shanghai Material Trade, Shanghai-Hong Kong Group, Pudong Jinqiao, Jinjiang Investment... These stocks, although the liquidity is not sufficient due to the heavy locked-in market, each stock actually has a large market value and a large circulating market. The inflow of millions of volume a day will not cause a significant change in the market trend.

Of course, he was so cautious...

In fact, he was worried that Xu Xiang's attention had not been completely diverted after trying several waves of trading on these stocks, and he was worried that he would draw him back again.

After all, there is still some time before the announcement of the "Shanghai Free Trade Zone".

He did not want to compete with Zexi Investment on these stocks in advance. The platform would raise the cost of opening a position for subsequent capital entry.

"Okay!" Li Meng continued to respond.

Then when he saw that the time had reached 9:30, he stopped talking and focused entirely on the stocks he was focusing on again.

After Su Yu finished his instructions, he saw the official trading time coming.

He also quickly pulled back his gaze and returned his mind to the stock of Shanghai Steel Union.

After the opening of the market, the stock once again ushered in relatively intense buying in a short period of 5 minutes of emotional fermentation. The stock price rose from around 5.8% to around 7% within two or three minutes. , the transaction volume has gradually increased to about 120 million.

And within these few minutes at the beginning of the session...

No large sell orders of more than 5,000 lots appeared, causing funds to follow the trend and further surge.

"There is no obvious big deal worth tens of millions of dollars!"

Seeing the trading performance of the Shanghai Steel Union at the beginning of the trading session, some people in various internal hot money groups sighed: "It seems that I guessed it right. The market sentiment is picking up. The chief rudder and Wealth Road are here today. There is a high probability that they will still lock up their positions." The market will not be smashed, the Shanghai Steel Union’s daily limit pressure is basically very small.”

"I agree. Fenda Technology's opening trend has also exceeded expectations. Shanghai Steel Union has full potential to be listed on the board."

"Looking at the market acceptance at the beginning of the market, the trend of the GEM today will not be bad. Shanghai Steel Union is fully capable of exploring new heights and reopening the market space."

“They say it’s an opportunity for risk-free arbitrage, so who’s going to light the fire?”

"Uh... It's too urgent to start the fire at this time. Even if Fortune Road and the chief helmsman lock the positions, at this price, with the circulation of Shanghai Steel Union, there will still be about 250 million in funds." Good time to light a fire.”

"Indeed, at this time, the fire is blocked and there is not enough change of hands, so the pressure is quite high."

"Just be afraid..."

"Damn it, who is in such a hurry to start igniting the board and running away so quickly?"

Everyone has just begun to discuss when is the appropriate time to ignite and seal the board...

At 9:36, when the total transaction volume of Shanghai Steel Union had just exceeded 170 million, a large purchase order of 10,000 lots was encountered, which pushed the stock price straight up, swept the selling orders in the front stalls, and ignited the main seal. And ten seconds later, the stock price of Shanghai Steel Union directly hit the daily limit.

I saw someone running away...

Many hot money people who are interested in relaying are scolding in their hearts and following up at the same time.

And many short-term retail investors who pursue the "leading market" are following the trend without thinking at this moment, and they all place buy orders at the upper limit price in an instant.

Therefore, at 9:37, the Shanghai Steel Federation directly sealed the daily limit without any surprise.

Its daily limit and closed orders increased from the initial 2,000 lots to 56,000 lots almost instantly, showing its strong status at a glance.

And at this time.

The transaction volume of Shanghai Steel Union has only exceeded the 250 million or so that hot money investors expected before.

"This volume is shrinking..." Su Yu saw that the Shanghai Steel Union was still on the daily limit trend of severe volume shrinkage. He sighed softly, holding the mouse with his fingers, and was about to take advantage of the funds to seal the market before placing an order to hit the market. After changing hands for a wave of chips, I suddenly saw that the closed order of 56,000 hands had instantly increased to 100,000 hands. Knowing that it was impossible to open it, I couldn't help but give up this plan, and said to myself, "It seems that the boss After the main force entered the market with a strong position, the various favorable rumors about the Shanghai Steel Association had a more serious impact on its stock price and trend than I imagined. "

His original plans and expectations...

It is hoped that the Shanghai Steel Federation can maintain a high degree of market attention, go a little longer amid divergent sentiments, and delay the announcement of the major benefits of the "Shanghai Free Trade Zone" before speeding up and catching up with the same sentiment. Quotes.

But looking at it now, after the interference of the chief rudder who entered the market aggressively and increased his position to raise funds.

In addition, the market has once again gathered various imaginations and expectations about the potentially significant benefits of this stock, forming a catalytic effect on the stock price.

I'm afraid, accelerating market trends without emotional consistency won't work either.

After all, judging from the recent trend and the willingness to follow the trend, after the chief rudder has taken in too many chips, further reducing the liquidity of Shanghai Steel Union's chips, with the chips in his hand, he has already dominated I can't control the situation and can't suppress this accelerating emotion.

That is to say...

Whether he wants it or not, at this time, he has to follow the trend.

Because at this time, faced with the huge desire to raise funds, as long as he dares to smash, he will definitely not be able to get back the chips, and he will have to cut his profit and be out.

"Hey, what a pity..."

Su Yu sighed and continued: "Accelerating at this height should not be able to survive the moment when the big benefits of the 'Shanghai Free Trade Zone' hit. The originally expected ten times the height of the space will probably be It can’t be reached, and the next step... can only be to adjust the strategy, quickly exit the market after accelerating to the top, and build 'Waigaoqiao' into a core concept stock in the two cities to take over the sentiment and funds of Shanghai Steel Union."

"actually……"

Su Yu thought for a moment, his eyes fell seriously on the Waigaoqiao market which had been motionless so far, and continued: "The initial circulation market value of 5 billion and the overall market value of 10 billion are a bit large under the current market's active capital volume, but compared with the grand concept of 'Shanghai Free Trade Zone', when all the institutions in the market are gone and retail investors are crowded, as long as the stock nature is activated, it is not impossible to speculate."

Thinking about it, he carefully sorted out the subsequent operation strategies and the time nodes to follow.

Then, for the Shanghai Steel Union's trend exceeding his expectations and suddenly entering the acceleration stage of shrinking volume and daily limit, he was not so heartbroken and regretful.

At the same time...

Modu, Zexi Investment Company, trading room.

Xu Xiang stared at the Shanghai Steel Union's shrinking volume and daily limit market, as well as the mighty 123,000 orders, and then looked at the current situation in the account that had made a profit of more than 20 million, showing a smile, and was still very satisfied in his heart.

He didn't know what the hype logic Su Yu followed was, so naturally he didn't have much hope for the ten-fold space of Shanghai Steel Union from the beginning.

His expectation...

was to get three or four boards after the heavy position relay, and get 30 to 40 percent profit, that's enough.

Therefore, he was able to restore the market sentiment of Shanghai Steel Union through yesterday's violent fluctuations, and release some illusory good news through speculation on the motives of Fortune Road, which would affect everyone's short-term expectations for this check, so that he could make tens of millions or hundreds of millions of profits. For him, it was really enough.

Moreover, fundamentally...

Although he reached a cooperation with Su Yu's Fortune Road seat and formed a tacit understanding, the essential operating ideas and logic of the two on this stock were still different, and naturally there were differences in expectations and interests.

"Zhou Kan... Are there still no movements on the market for the three stocks of Shanghai-Hong Kong Group, Shanghai Material Trade, and Pudong Jinqiao?" Xu Xiang turned to look at the trading team leader Zhou Kan and asked after Shanghai Steel Union reached its daily limit and the sentiment in the market was completely consistent, with no risk of breaking the limit.

Zhou Kan shook his head and replied: "No, it is still stagnant, with low trading volume and all single transactions. Let alone orders of millions or tens of millions, even orders of 500,000 are rare on the entire market except for the orders we posted."

"It seems that... the funds of Fortune Road are really betting on the positive expectations of the Shanghai Steel Union stock alone." Xu Xiang said, "It may also be... just like you said, it is just pure emotional speculation, and I... am also the firewood that this fund uses to intensify the burning of market sentiment."

"But no matter what the motivation is..."

"This person will be a person we should pay special attention to in the future."

"Well!" Zhou Kan responded, and continued, "I will always monitor the other party's seats and pay attention to the information release of the funds under the company 'Yuhang Investment'."

"Okay!" Xu Xiang nodded slightly, then turned his head and stared at other stocks traded in the two markets.

Next, after the Shanghai Steel Union hit the daily limit, the two markets continued to trade, and as the Shanghai Steel Union hit a new historical high again, it triggered emotions and hit a new height of market speculation space.

After two days of cautiousness, various short-term funds in the market began to attack again.

At 10:12, Fenda Technology, which opened higher than expected in the morning, was pushed to the daily limit by various main funds that took over the bottom after a large turnover and a new high in intraday trading volume. It reversed yesterday's limit and was considered a strong reversal. It completely dispelled the shadow of the major shareholder's reduction of holdings covering this stock and re-established the confidence of the majority of investors holding this stock.

At 10:38, Huake Jincai, a Shanghai Steel Union follow-up ticket that had been weakly adjusted for three trading days.

Under the overflow funds that could not buy Shanghai Steel Union, it also rose sharply, reversed comprehensively, and touched the daily limit position, basically recovering the decline of the previous two days.

At 11:07, as another core concept leading ticket in the market,

Huaqingbao and Changqu Technology, two twin stocks of the concept of "mobile games", also showed a strong attitude again, almost simultaneously hitting the daily limit and setting a new high.

At 11:30, the market closed at noon.

Throughout the morning, all the constituent stocks of the ChiNext had a net inflow of more than 1.8 billion yuan, and the investment enthusiasm and emotional enthusiasm reached a climax again.

During this period, the core blue-chip sectors related to the main board still showed a net outflow of funds.

And the gap between the increase of the Shanghai Composite Index and the ChiNext Index has widened to about 1.2 points again.

After the midday close, facing the ChiNext Index standing on the 5-day line and setting a new high, facing the still sluggish and falling white horse and blue chip stocks.

The attitude of market investors to pursue the core hot stocks of the ChiNext has once again soared.

Many retail investors and institutional investors who were reluctant to cut their positions and entered the ChiNext before finally began to grit their teeth and cut their positions!

Moreover, in addition to the capital flow of the market, it continues to converge to the GEM, which has the strongest money-making effect.

At this time, major financial media, financial Vs who spoke out, market securities analysts... also once again looked favorably on the investment trend of the GEM, and issued an investment strategy call for "embracing the new economy".

In this market sentiment change and investment strategy call...

In the afternoon, once the market opened, the ChiNext Index continued to rise under the impetus of more funds, and a series of "pan-mobile Internet" concepts such as "Internet finance", "mobile games", "wearable devices", "electronic information", and "mobile payments" that had completed the adjustment were once again sought after by a large amount of funds, and the core stocks in its concept sectors and chips became extremely scarce again.

Finally, the market closed at 3 o'clock in the afternoon.

The ChiNext Index closed up 2.56% to 1285.54 points, less than 32 points and 3% away from the historical high in 11 years. In addition to the ChiNext, the Shanghai Composite Index rose 0.62% and closed at 2078.65 points, which was basically unchanged from 20 days ago.

In addition to the index, sectors and individual stocks.

The concept of "pan-mobile Internet" broke out in an all-round way, and the first batch of "pan-mobile Internet" core hot stocks that Su Yu used funds to build positions basically rose across the board.

It was just in this situation of a big rise.

When the net value of the fund "Yuhang No. 1" climbed to a new high again, the holding level of the entire fund in these core hot stocks was constantly declining.

On the contrary, since the fund was established...

The so-called "Shanghai Free Trade Zone" core concept stocks that have made no contribution to the fund's net value and have also dragged down a lot of the market have slowly increased their holding levels.

And in this decline and rise.

The net value performance of "Yuhang No. 1" today was also greatly discounted. In the case of many holding stocks hitting the daily limit or approaching the daily limit, the overall net value only barely outperformed the ChiNext Index by less than 2 percentage points, reaching only 4.32%.