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Chapter 375 The bull market has plummeted

After the bull and bear situation reverses, when the market falls back to within 2,000 points, no matter how the banking sector rises, it can no longer drive market sentiment.

It is hard to support one's own way and it is impossible to reverse the overall situation.

He didn't understand why these huge funds were trying hard to increase bank stocks at this time. Is there any major positive news for the banks that are mainly engaged in today that will be released soon?

Cut interest rates, cut reserve requirement ratio?

It is simply impossible. The Federal Reserve is currently in an interest rate upward cycle, and domestic economic policies are also following closely. It would be good if you don’t raise interest rates. You are still thinking about lowering interest rates and lowering the reserve requirement ratio?

Since there is no major positive and exciting, what is the logic of trying to boost banks?

A big question mark appeared in Wu Yunpeng's mind. Of course... Su Yue would not seem so troubled about this question. He just stared at such a market and couldn't help but curse in his heart.

These state-owned institutions have always responded slowly.

The previous wave of securities market was originally supposed to be initiated by them, but hesitated and missed the opportunity, which made Su Yue take the lead. Now they should have seen the market hit 2,000 points and the investment sentiment is hot. Then, under the instruction of the leader, they took advantage of the pull-up task and wanted to mobilize the bank and copy the market trend of securities companies.

As a result, the market does not have that much capital capacity to support the market to continue to rise.

So, the real breakthrough turned into a false breakthrough.

Faced with such a situation, these state-owned assets institutions that pulled the market should have stopped attacking immediately and switched appropriately to stabilize the market, but they did not expect that they would act in a real way and ignition turned into a real increase in positions.

As for why the fake act is really done, it has significantly increased its holdings in bank stocks.

Su Yue speculated that, first, because the state-owned institutions did not hold many positions in the first half of the year, and seeing that the market continued to rise, it was reasonable to increase positions; second, because the current market level is relatively underestimated by banks. Although the previous rises, the absolute increase is relatively small compared to other stocks. If there is a full bull market, it will definitely make up for the rise in the future. It is not said that increasing positions will be taken to participate at this time.

However, the timing of these guys launching the market is wrong, overdrawing the market's potential for progress, exacerbating the pressure at the 2,000 point position, and making the next adjustment time longer.

Originally, the volume was insufficient, so we should stop at this threshold, fluctuate sideways, and slowly grind away the trapped chips above.

Now that we are exerting too much force, a false breakthrough has been created, resulting in a trapped chip above. Not only has it been reduced, but it has become more, which naturally takes longer to digest. Su Yue estimated that because of today's forced breakthrough, the market will probably fluctuate between 1,900 and 2,000 points in the next two months.

"Old Yang, how have you lost your position?"

Seeing that the market had fallen to 1985 points, Su Yue asked in a deep voice when the stocks in the two markets retreated from the high point.

"There are still 1.2 billion positions left." Yang Liguo replied, "Traders should try their best to reduce positions, and they can only reach this point. At present, individual stocks are fully retreating. If we want to sell, we have to lower the price and start the market. Xiao Su... has almost reached the target position, will we still need to reduce it?"

The total holding of 3 billion yuan has been desperately reduced by 1.8 billion in two days.

At present, the total holdings of state-owned assets funds have dropped from more than 90% to about 48%, which is less than half the position. Yang Liguo feels that it is almost in place.

After all, in a bull market, half of the position is already considered a light position.

Su Yue thought for a while and said, "Since there are 1.2 billion yuan of brokerage chips left, then that's it. For the subsequent operations, we should just control the retracement."

With a round of main increase, Su Yue was already very content with a profit of 2 billion yuan, which almost doubled.

In the later stage of market pullback, maintain the rhythm of half a position and return to the stage of t-making, make small profits or lose a little.

During this stage, Su Yue did not want to interfere too much.

He will let traders judge the time to buy and sell by themselves, and cultivate their technical ability and sense of market.

The company will grow larger and larger in the future and will require more and more talents. He has to let talented people in the trader team grow up as soon as possible and become the core backbone personnel of the company.

After thinking for a while, Su Yue turned his gaze back to the market again.

After the market failed to stabilize at 2,000 points, the market began to accelerate and decline at the end of the trading session.

Just like the day when Huagong International was listed, today the market copied the trend of Huagong International and went down a reverse V. On the market, except for the banking sector, all stocks in the other sectors fell to around the opening price, smearing all intraday gains. From the K-line, both the market and individual stocks closed with a high-level tombstone line with large volume stagnation.

Such a K-line pattern, coupled with the terrifying transaction volume, shows that it is difficult to be optimistic in the future market.

This also shows that the accumulation of chips trapped here may become a huge pressure level for the market to rise in the future.

The originally excited and high-pitched retail investors were a little depressed after the market closed in this form, especially those retail investors who increased their positions in large quantities during today's trading. They were depressed and almost cursed. However, despite Lingli, the market's pullback is still much gentler than Huagong International. At least individual stocks only retreated to the increase, not the limit down, and they can still sell them at any time if they want to sell.

After a day of fluctuation, Tianhe Group still stabilized at 60 at the close of the market and closed at 61.3 yuan, which was stronger than Su Yue's expected trend.

In the evening, Gaozi issued an announcement on reducing holdings through the group.

It is expected to reduce its holdings of about 12% of Tianhe Group's shares in the next three months.

In the bull market, people have become accustomed to shareholders' reduction in holdings. Although they are a little surprised by the number of shares the group chairman reduces, many investors have not started to panic.

Although Tianhe Group's market value has exceeded 30 billion, its shares are actually locked by major shareholders of the group. There are not many real circulating chips on the market, only about 13%. Now Gaozi's reduction in holdings by 12% can also be regarded as increasing the liquidity of Tianhe Group and allowing funds with a larger capital volume to participate.

After two days of rest, the stock market opened again.

Both the market and Tianhe Group opened low as expected, with the market opening 1.2% lower and falling to 1948 points. Tianhe Group opened about 5% lower, and the trading volume soared, and both buyers and sellers were very fierce.

Today, all sectors and individual stocks are in a pullback trend. After yesterday's sharp rise, banks opened low and traded sideways today, and unexpectedly did not sell. Seeing that the big guy didn't move, the stocks in other sectors also wanted to stabilize it after a while, fluctuated sideways to digest the profit.

But unexpectedly, at this time, many stocks of the "Olympic Concept" that Mingzhou Expenditures completely withdrew encountered panic selling.

The hot money that took over the chips of Mingzhou suicide squad did not drive this main line in these two trading days.

At this moment, there is no hope of rushing to 2,000 points, and the long-short situation reverses, so naturally, large-scale decisive selling is being sold to avoid the risk of continuing to lose money.

Dr. Peng was under a huge sell-off.

After a 5% drop yesterday, today finally ushered in the first limit down after the start of the rise. In three trading days, the stock price fell nearly 20% from its highest point of 14.2 yuan to a price of 11.97 yuan.

However, even at 11.97 yuan, the price at the time of the start of this stock still has an increase of more than 1 times.

Dr. Peng's limit down, causing stocks related to the "Olympic Concept" to fall across the board, such as Huaying Steel Structure, Shoukai Group, Yanjing Tourism, and Xinyue Media, all of which are close to the limit down.

The panic and sell-off of the main line concept represents the momentary fall of short-term speculation enthusiasm.

Individual stocks that originally wanted to trade sideways and stabilize sideways, the funds that took over realized that the risks were still there and began to drop rapidly. However, the sell-off market continued to grow sharply under the demonstration effect of the main line concept's sell-off.

The stable situation created by banks opening low and trading sideways will no longer exist in an instant.

After a short period of time, the stocks in the two markets collapsed and fell sharply. The market fell from 1948 points with a graceful diving attitude and fell by more than 2 points, reaching the 1910 position.

"This has fallen so hard."

In the Bentayga Capital trading room, Yang Liguo stared at the market trend and sighed: "The two trading days have fallen by more than 100 points from the highest point."

As he said that, he looked at the changes in the fund's net value again.

Within half of the position, it has retreated by about 2%. The stocks holding the position generally fell by nearly 5 points, and the funds lost more than 100 million yuan this day.

Although it was a normal retreat, he still felt a little uncomfortable when he remembered that the profit of 100 million was gone.

"The bear market has a lot of negative declines, the bull market has a lot of sharp declines, and the profit-taking market has accumulated too much. The market will pull back and no matter how fierce the price falls, it is normal." Su Yue smiled and said, "Below 1900 points, it has reached the buying range again."

Yang Liguo sighed softly and said, "2000 points, but I always feel a little worried. Xiao Su, you said... Will the bull market in the past six months be over here?"

Su Yue looked at him in surprise and asked, "Old Yang, why did you ask that?"

Yang Liguo pondered for a moment and said, "It's really a bit lacking confidence. I can't help but worry. In addition, we have made a lot of money in the stock market in the past six months and have a lot of profits. If the situation is really wrong, it would be a pity to return it to the market."

"From the daily chart, the rise has been a little more urgent in the past six months, but Lao Yang, if you open the monthly chart and take a look, you won't think so." Su Yue clicked the monthly K trend chart of the market from the computer interface, "A few even red K-lines have set the foundation for the rise. Moreover, the global economy is just recovering this year, and the situation in all parties is very good. No matter internally or externally, there is no motivation to return to the bear market again. There is really no need to worry so much."

He knew that Yang Liguo had made money, and he had a strong desire to make a profit and settle it.

After all, if you don’t make a profit and close your position, the money you make is always just a string of numbers in your account. This idea is deeply rooted in the hearts of many people, so when you make a lot of profits, they will have a strong desire to close your position and cannot control it at all.

This kind of psychology will temporarily lose the ability to analyze the market clearly.

Especially when the market trend becomes slightly blurred and hazy, this willingness to close the position will become stronger and stronger.

This is why it is difficult for someone to take a heavy position from the bottom of the bull market to the top of the bull market. Because of the pullback, when the subsequent market trends have not emerged, it is easy to get rid of the profitable retail investors and many institutions. Usually when they come back, the market hits a new high again and can only chase and buy again, and then repeat the cycle.

This is the same as it is on individual stocks.

Often, the trend of big bull stocks is uneven. During the rising cycle, sharp pullbacks and sharp drops are inevitable.

If you cannot stick to your stocks and stay with your widows and firmly be determined, you will not be able to get the most profit. Usually, a stock can reach five times or ten times the daily limit and get two or three times the profit, you are already a very powerful player. Usually, participants can only make 10% at most, and 20% will be impatient to close their positions and enter the market.

"All right!"

Yang Liguo took a deep breath, calmed his mind and stopped talking about this matter.

In fact, Su Yue's calmness surprised and shocked him. Faced with a profit of 2 billion, even he, a veteran, was a little confused, unstable, and lost the ability to make clear judgments. Su Yue seemed not very concerned about this, and could still clearly recognize the market trend and make correct judgments.

This made him admire him, but he was also a little unbelievable.

After a word awakened Yang Liguo, Su Yue turned his attention back to the stock market. He didn't have to worry too much about the holdings of state-owned funds and subsequent operations. So he focused his attention on the stock of Dr. Peng.

He still has about 150 million in cash in his hand. How to leverage the market of this stock and restart a wave of market conditions.

Su Yue still needs to think carefully.

Today, Dr. Peng hit the limit and his stock price fell to 11.97 yuan. He still had no movement and was quietly waiting for the opportunity. His emotions need to be vented. After he was vented, the turning point will naturally come.

In the afternoon, when the market dived to around 1900 o'clock, it lingered for a while and did not stop.

By the close, hundreds of stocks fell more than 7 points, while the market fell 4.3%, reaching around 1893 points, and failing to hold the 1900 points.

The sharp pullback has weakened investors' confidence.

In the market, remarks began to appear whether the bull market would end here. Although the remarks were not very popular, those who paid attention to them were inevitably confused. I wonder if these 2,000 points could be passed.

Opening on June 19th.

The market still opened low and continued to adjust, but the panic has subsided a lot and no longer sold sharply. Correspondingly, trading volume has also subsided a lot after yesterday's stormy plunge.

Su Yue no longer paid much attention to the trend of the market, and his eyes were staring at Dr. Peng.

After yesterday's limit down, Dr. Peng opened lower inertia today and quickly fell to around 4% in the early trading, but only a sharp bottom was left, and it rebounded quickly. Then the secondary low reached 11.6 yuan, and it stopped falling.

Looking at the transaction volume of more than 400 million yuan and the turnover rate of more than 20%, Su Yue said secretly: "Depending on the situation, the hot money who took over the Mingzhou suicide squad a few days ago has already made almost the same chips? Whether it is profitable or the cut-off plate, after a more than 20%, there must be nothing left. It seems... it's time to harvest again!"

He chuckled softly, then used the funds in his hand and started buying slowly, waiting for the turnover rate to rise by another level, and then launched a fierce attack.
Chapter completed!
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