Rebirth of the investment era

"Why does Mr. Su still have such a large position?"

Within the Yuhang hot money main group where Su Yu was located, they were all shocked and surprised when they saw the many hot money updated in the Dragon and Tiger rankings.

"This is too deep!"

"I feel like I have endless chips to lose. Mr. Su's continuous exit of positions makes the line of 'securities and venture capital' completely untouchable."

"Successive slumps and market panic effects have already taken place. Too much money has been buried in the 'securities and venture capital' line. Even if there is good potential, in this current situation, whoever touches it will die!"

"In the 'securities and venture capital' line, a large number of institutions are involved, and the chips are inherently dirty."

"Once the 'Securities and Venture Capital' line dies, it feels like the Shanghai Stock Exchange Index will fall back to the range of 2,000 points to 2,200 points. The future direction... I'm afraid it will still be on the ChiNext Index."

"If the big market can't pull it, we can only pull small votes."

"Let's wait for the bad news to materialize. I feel that Mr. Su's continuous decline in advance is also to use this wave of emotions to encourage the main market groups to completely kill the market, so as to give the next wave of market a chance to go into battle lightly."

"Mr. Su's reminder is indeed too timely."

"Not only was it timely, but it also indirectly aggravated the market's shock adjustment. I guess Mr. Su wouldn't have been so eager to get out of the position, and the market wouldn't have fallen so badly in the past few days."

"There's nothing wrong with it. I'd rather fall sharply or plummeting than suffer a negative fall."

"Indeed, if there is a sudden or sharp drop, there will be a violent rebound after the market falls completely. However, if the market continues to fall, it will really have no profit-making effect and will be a waste of emotions."

"I guess the market... won't return to the previous downward trend all year round, right?"

"In any case, the Shanghai Composite Index should not fall below 2,000 points again, and the Shanghai Composite Index has almost no room to fall. As the most active GEM index in the market, I am afraid there is not much room to fall."

"Overall... the future should be quite optimistic."

"The entire market and the overall holding of chips can be felt as the market continues to perform in the second half of this year. There are obvious signs of loosening. In the long term, there is no reason to be pessimistic."

"Indeed, there have been many stocks that have doubled or exceeded 4 times this year, and the market is far better than last year."

"I am afraid that if the IPO market is restarted, it will directly cause serious blood-draining effects and emotional confidence blow to the market! The current market investment confidence is not strong. If there is another downward blow, will it be able to rise... There are really two questions. explain."

"Since the regulators are determined to restart the IPO, they should maintain the subsequent market conditions. Do you have any ideas?"

"What's the use of having an idea? Only incremental real money needs to be brought into the market to achieve significant results, and only then can a real bull market be born!"

"Wait and wait patiently for the actual performance of the market."

"Yes, no matter what, the current market volume is still much more abundant than before, basically staying above the 100 billion level. If this volume can be maintained, there should be no shortage of opportunities regardless of whether the market rises or falls."

"Hopefully! But I always feel...it's still too early to be optimistic at this time."

"We will wait until the bad news materializes and then look at the market's reaction. At this time, it is better to follow Mr. Su's operation and reduce the position!"

"Agree, the market is suppressed by the negative news, the main players are shrinking, and the retail investors are affected by Mr. Su's continued lightening of positions on Fortune Road, so their willingness to follow the trend is very low. In addition, the market continues to adjust, and the profit-making effect is sluggish. It is true that the market is placed at this time... It’s not appropriate!”

"It is said that the apprentice is the one who can buy, the master is the one who can sell, and the founder is the one who is short-term. I used to think this was nonsense, but now... I really understand it, what the hell... I have worked hard these past few days to review the market and toss again and again. In the end, I saw...it was just a fool's errand. It would be better to clear the position with Mr. Su at the high point of yesterday's rebound, and the loss would be smaller."

"Haha... This is called a fierce operation, and the profit is two hundred and fifty!"

"When the trend reverses, we should avoid taking heavy positions and attack. However, it is still difficult to learn to take short positions and give up some opportunities in a timely manner!"

"Indeed, itching hands is really not easy to cure."

"It's better to follow the trend and get rich. I found... as I was speculating, I actually changed from hot money to retail investor mentality, and started mindlessly following the trend of Mr. Su's seat."

"Those who can follow the trend correctly are also market masters!"

"Why do I sound like an oxymoron?"

"This is not an irony. To be able to follow Mr. Su's wealth management ideas closely, you really need very good skills!"

The news in the group is constantly refreshing. Discussions about Su Yu’s Fortune Road seats, opinions on the market outlook, and news about the restart of the IPO market... are all emerging one after another.

At this time, as the core figure in discussions among investors in the entire market.

Su Yu sat in front of the computer screen in the company's trading room, glanced at the refreshed Dragon and Tiger List data, and was thinking about the follow-up operation plan and market trends.

Under the influence of his seat, the market fell faster than he expected.

According to this falling method...

Basically, after the major bad news about the "market IPO restart" was completely released and the bad news came to light, the market basically fell completely and reached the range platform position when it broke through below. In this way... re-establish a position at a low level and adjust The opportunity for fund holding structure has arrived again.

"Li Meng, our two main funds, all the latent bargaining chips in the 'securities and venture capital' line should have been sold out today, right?" Su Yu pondered for a while, turned to look at Li Meng, and asked He asked, "What are the overall positions of the two funds now? Which other stocks have positions?"

Li Meng took a look at the monitored fund backend transaction data and replied: "We have basically sold out all the potential chips in the 'securities and venture capital' line. Now the two funds still hold a total of 'Hua Hua'." Xin Securities, Huashang Securities, and Huatong Securities, the three leading securities firms with ample liquidity, have 280 million in chips."

"The other positions are the remaining stock positions when we exited the two core main lines of 'mobile Internet' and 'smartphone industry chain', totaling 12 stocks and 246 million chips."

"The current total holdings of the two funds are less than 600 million, and the holding line is around 5%, which is basically a clearance state."

Su Yu nodded slightly and continued to ask: "How much profit will we make this time?"

"In the wave of 'securities and venture capital' market, the net value of 'Yuhang No. 1' fund has increased by 23%, and the net value of 'Yuhang No. 2' fund has increased by 24.5%." Li Meng replied, "Currently, the net value of 'Yuhang No. 2' fund has increased by 23%." The net value of Hang 1' fund is 15.37, and the net value of 'Yu Hang 2' fund is 1.24. The capital scale of the two funds...'Yu Hang 1' is around 6.153 billion, and 'Yu Hang 2' fund is around 6.201 billion. Overall For example... we have made about 2 billion in profits from the fields of 'securities and venture capital' this time."

"So many!" Su Yu's eyelids twitched, a little surprised.

The larger the amount of funds, the more difficult it is to grow the net worth, and the speculative effect on the market will be greatly reduced.

Originally, he thought that a 15% increase in overall net worth would be good, but he did not expect that it was nearly 10% more than he expected.

Li Meng smiled and said happily: "Thanks to our large-scale reduction of most of the chips at the highest point of the market and the node with the most abundant liquidity, we avoided a sharp retracement of profits, so we achieved this result." Of course, this profit result... is mainly due to your wise leadership."

"Uh... don't give me a high hat." Su Yu chuckled, "This is the result of everyone's joint efforts."

"Well!" Li Meng responded softly, without saying much, changed the subject and asked, "Tomorrow is Friday. According to market news, the news about the resumption of IPO in the market should be clear tomorrow. Looking at the situation of the market, I am afraid it will continue to fall, so we..."

"Let's wait for the market to fall completely. Don't worry." Su Yu said, "The current market adjustment is insufficient regardless of time and space."

"and……"

Su Yu paused and continued: "Under the suppression of potential major negatives, market investment sentiment has not reached a freezing point."

"Whether it's an individual investor or a fund manager."

"I believe that when the market is necessary, we must learn to take short positions and dynamically adjust positions."

"Don't be afraid of missing the opportunity." Su Yu smiled and said, "I would rather be short than lose money, because as long as the market is open, opportunities will always be there, but if you lose... you have to use double the profit to make up for it. , and...usually under conditions of loss, people will become hesitant and miss more market opportunities.”

"Yeah!" Li Meng nodded and swallowed what he wanted to say.

"But..." Su Yu pondered for a moment, and then said, "Our current capital volume is not small. From the perspective of medium and long-term investment goals, if next...the market will fall to the early breakthrough in one fell swoop due to the negative impact of the IPO restart. With the current support platform, we can also gradually increase the position level of our fund according to the grid position building method."

"Preliminary support platform?" Li Meng glanced at the index and replied, "The Shanghai Stock Index fluctuates between 2,000 and 2,200 points, and the ChiNext Index fluctuates between 1,000 and 1,100 points? If it is this range, there is actually not much room for the Shanghai Stock Index to fall. .”

Su Yu nodded slightly and said: "Originally, the overall growth rate of the Shanghai Stock Exchange Index this year was far behind that of the GEM Index. Coupled with the restart of the IPO market, the main direction of suppressing the market valuation and negative impact was on the GEM and small and medium-sized boards. High-level concept stocks do not have a particularly large impact on the Shanghai Stock Exchange Index. If they can fall back to the range of 2,000 points to 2,200 points, it is already a relatively pessimistic expectation."

"As for the GEM index..."

"It depends on what the market expects next. If it can fall below the 1,200-point mark in one step, it will actually be considered a position."

"The direction... is it still the 'mobile Internet' and 'smartphone industry chain' fields mentioned before?" Li Meng continued to ask, "With our current capital volume of more than 10 billion, if we want to enter on a large scale, I am afraid that we will not be able to enter it on a large scale." It used to be so easy, and it’s probably not possible to completely hide the traces anymore.”

Su Yu nodded and said: "In terms of general direction selection, it is definitely the two major areas of 'mobile Internet' and 'smartphone industry chain'. It is just the focus, which may be different from before. However, the current specific targets for subsequent positions are on , I still have to think and think again.”

"Let's observe first!" Su Yu said, "During these two days of success, we will all be bystanders."

Although he has the advantage of being born again and knows the general direction of the market's macro development, the specific implementation of the market trend in a small period of one or two months, or even one or two weeks, still has to be judged based on his two lifetimes of market experience, and in specific Strategic trading must also be verified with market news and actual market trends.

During the conversation between the two...

The market investment sentiment is further fermenting. Investors are discussing about the "Fortune Road" seats, their views on the market trend in the future, the long-short debate, the bull-bear debate, and the good and bad speculations about the next market news...all kinds of The topic still continues.

As time goes by, the market macro level has changed.

Brokerage analysts, as well as financial media and financial influencers, have finally begun to mention the word 'risk'. Of course, they avoid slapping themselves in the face. These people are still firmly bullish on so-called medium and long-term investments, thinking that This wave of market adjustment is still a benign adjustment. It is believed that the Shanghai Stock Exchange, Shenzhen Stock Exchange Index and ChiNext Index will definitely reach new highs during the year after short-term adjustments.

In the evening, when everyone thought that the regulators would release some mild benefits.

On the news, there was a rare calm.

In the end, with the external market trend still stable, the market sentiment was intertwined with bulls and bears, and the news was undercurrent, but in a calm situation on the surface, the market ushered in the last trading day of the week.

Friday, October 26, 9:15.

With much attention being paid to it, and countless investors looking forward to and worrying about it, the market is ushering in call auctions.

The two markets, which had been stagnant for more than ten hours, started to beat again. Within 10 seconds, of the nearly 2,000 stocks that had not been suspended, more than 1,500 stocks in the two markets opened at a low price.

Among them, the 'securities and venture capital' concept section, which continuously buried people the day before yesterday and yesterday, and killed a large number of major funds, as well as related popular concept sections such as 'mobile Internet', 'smartphone industry chain', and 'reorganization and backdoor', are all presented After opening low and falling sharply, the relevant core popular stocks in various fields opened seriously low, and a large number of major selling orders accumulated on the market.

"There shouldn't be such stupid main funds today to continue to push up the market!"

At 9:16, in the trading room of Zexi Investment Company in Shanghai, Zhou Kan stared at the call auction situation of the two cities that opened significantly lower, smiled, and said: "After all, the news of the IPO restart in the market, at this time, It is basically clear. Not to mention the main funds in the major markets, even the well-informed large investors and retail investors in the market have probably heard about it."

Xu Xiang nodded and said: "I guess it should open low and shock, or drive low and go low!"

Although the news of the "market IPO restart" has not been strictly controlled by the regulatory authorities, they have even intentionally or unintentionally let the market know, allowing the market to react in advance and digest the negative news. At this time...many major institutions have already vacated their positions and prepared for the IPO in advance. The positions were reduced, but the retail investors who were lagging behind in the news did not generally get the news and vent their emotions.

so……

If the market has been falling continuously in the past few days, it is because the main funds are avoiding risks and retreating.

Starting from today, the vast retail investors with different information channels are making investment judgments and operational choices based on the bad news that is about to be released.

"Will there be a panic crash?" Zhou Kan asked.

Xu Xiang thought for a moment and said: "Probably not. The well-informed main institutions should have left all those who should have left during the large number of shocks and declines in the past few days. They are still active in the market today, and there are some Basically, only retail investors and some hot money groups are left with huge desire to reduce or clear positions. In addition, the index is here. In the short term, it is almost oversold. Before the bad news materializes and the overall emotions are vented, it should be difficult to move forward. Kill deeper.”

"The market at this moment is the calm moment before the storm."

Xu Xiang paused and continued: "Except for the part of the investment group that I just mentioned are eager to get out of their positions, the rest...the sentiment on and off the market is obviously much stronger today than in the past few days."

"Actually, it's good to keep selling like this and react in advance to the negative effects of the IPO restart in the market."

"In this way, after the victory comes to fruition..."

"The market's adjustment period will be greatly shortened. Maybe... the bad news will turn into a good thing!"

"Hopefully!" Zhou Kan nodded, "The market has been bearish for six years. In fact, everyone's desire for a bullish market is still very high. Although the regulators are indeed a little anxious to restart the IPO at this time, the market It’s probably not unexpected at all.”

"that is……"

Zhou Kan paused and said, "It would be great if the central bank could loosen its grip on the stock of market funds in a timely manner and bring more incremental funds to the market."

"In this way, even if the IPO in the market sucks a lot of money, the market can adjust itself."

"The current market..."

"The key is that the volume and capacity have not been fully developed, and there is insufficient incremental funds. If this basic problem is solved, a real bull market may come."

"The central bank should have some considerations in this regard." Xu Xiang said, "Of course, the central bank's motivation to change monetary policy is not enough to rely solely on the influence of the stock market. It also requires the emergence of funds in the fundamental financial industry of banks. Difficulties can only make the central bank loosen its grip!"

"Financial difficulties among banks?" Zhou Kan was stunned, "Can the 'money crisis' reappear?"

Xu Xiang shook his head slightly and chuckled: "Who knows? I just always feel that the central bank relies solely on market reverse repurchases to supplement liquidity, which does not solve the fundamental problem."

"No matter what the reason..." Zhou Kan said, "as long as the market liquidity is further abundant, the market outlook will be worth looking forward to."

As he spoke, he returned his gaze to the market again.

At this time, the time has passed 9:20, and the two cities have entered the real collective bidding stage where orders cannot be cancelled.

After a large number of false orders were withdrawn, the overall market situation, compared with the initial stage of collective bidding, has not changed significantly. The performance of the related concept sectors of 'securities and venture capital' was sluggish, and the performance of 'mobile Internet' and 'smartphone industry chain' , 'restructuring and backdooring' and other related concept sectors still led the market down. At the same time... core popular stocks related to these concepts also mostly opened lower, with heavy selling.

Then, at 9:21, 9:22, 9:23...

As the call auction time progresses, the overall market performance further declines.

Finally, when the time reached 9:25 and the call auction in the two cities ended, the three major indexes, Shanghai Composite Index, Shenzhen Composite Index, and ChiNext Index, all opened lower by more than 0.5%, among which... ChiNext Index fell to 1,250 points.

As for the core popular concept sectors that performed sluggishly in the early stage, their opening ranges were all greater than 1%.

Among them, related core popular stocks, Orient Securities opened lower by 3.78%, Zhezhou Oriental opened lower by 8.75%, Oriental Venture Capital opened lower by 4.12%, Huatong Securities, Huashang Securities, and Huaxin Securities opened lower by about 0.2%, but they were selling. Not big, relatively stable.

Fenda Technology, which hit its daily limit because its performance exceeded expectations yesterday, opened 2.33% lower today. More than 78 million yuan was traded during the entire collective bidding stage. The market performance was quite active. Other early popular concept stocks related to Fenda Technology, Hua Qingbao opened lower by 1.35%, Changqu Technology opened lower by 1.21%, LeTV opened lower by 2.45%, Internet Speed ​​Technology opened lower by 0.88%, Huayi Brothers opened lower by 3.73%...

"It's hopeless. I feel like this market is completely hopeless."

Seeing that the market has opened significantly lower and all yesterday's hot spots have been wiped out, retail investors in the market and online stock forums are sighing again.

"The 20-day moving average has fallen below. This trend seems to have really reversed."

"What kind of line are we looking at? This kind of decline is like a stock market crash."

"It's true that I didn't catch up on eating meat, but I caught up on all the beatings. It's bad luck... the bull market, what a bull!"

"The recent retracement has exceeded 25%. Who is worse than me?"

"Why is the retracement so miserable? That proves that at least there is still profit. I've lost 28% in the past few days! It's simply... I've lost more than last year."

"I chased the top ten thousand companies, and I suffered a huge loss, plus a lower limit."

"Same, the same, the recent money-making effect of the market is really incomparable to before. Whatever you buy, you will lose. But I still can't control my own hands. I want to buy after selling, and I want to get back the original investment. As long as I get the original investment back, I can't control my own hands." Oh...I won’t touch this thing anymore, it’s so tortured that people are dying.”

"Don't talk about the money-making effect, now there is only the money-losing effect."

"I don't understand how a good market could suddenly become like this. I never expected that... the market would actually become a peak model."

"It's a negative, it must be a major negative!"

"I also feel that there should be major negative news. All the main funds have been running away in recent days."

"Hey, let's not talk about it, let's not talk about it... The market has opened. Yesterday's pursuit of highs was buried. Today, I can only passively cut the meat. I can't understand the hard logic of Fenda Technology and it will fall."

"I also cut shares of Oriental Securities. I have been chasing the leader recently, and my mentality is really crazy."

"That's right! It feels like the dragon head strategy is completely ineffective."

"Only when the market trend is strong, this method can have a high winning rate. When the market trend is weak, the highest leader will most likely be buried deeper."

"Indeed, hey... we can only learn a lesson."

"Here I go, there was a brief rebound yesterday, but today the market... just opened lower and went lower?"

"It's not taken over, not taken over at all. It's really strange!"

"The trading volume is shrinking. It's obviously shrinking. What are you doing? Hedging funds? Is there really a major negative impact?"

Amid everyone's complaints and depression, the market trend after the opening was almost the same as the call auction, both of which were extremely bad.

At 9:42, the Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index and ChiNext Index all fell by more than 1%.

At 9:55, the three major indexes fell further, reaching about 1.2%, with Potential Hengxin and Zhezhou Oriental seeing their second consecutive limit drop.

At 10:15, the Shanghai Stock Index rebounded slightly after hitting its lowest drop of 1.37%.

After that... throughout the morning trading session, the three major indexes fluctuated around a decline range of 1.1% to 1.3%, and the entire market shrank severely compared to yesterday.

At noon, except for the fermentation of short-term sentiment in the market, other news... was still calm.

Then, the afternoon session.

Between 1 o'clock and 2:40.

The index continues to maintain a pattern of underwater shocks, and the wait-and-see mood of major funds on and off the market has also become stronger amid the low fluctuations in the index.

But when the trading time advances to after 2:40.

A relatively strong wave of selling by major funds broke out again on the market, and the market's risk aversion sentiment heated up rapidly.

Finally, when the market closed at 3 o'clock in the afternoon, the decline of the three major indexes was almost the same as yesterday. The Shanghai Composite Index barely maintained the 2300-point mark, and the ChiNext Index fell to the 1230 line. In the early stage, retail investors and main funds were chasing hot concept stocks on a large scale. , no red plate.

Faced with such a closing situation...

Market investment sentiment has become further pessimistic and depressed, and the complaints from retail investors have become more intense.

Of course, many major funds and institutional groups who know why the market continues to plummet continuously and whose ability to take over the market is getting weaker and weaker are generally grateful that they got the news earlier and reduced their positions in advance.

At the same time, there is a large group of investors who closely follow Fortune Road.

After seeing Fortune Road's appearance and the sharp decline in the market, I felt happy and had more admiration for Fortune Road.

"Sure enough, the path to wealth is God!"

"Yes! After Wealth Road reduced its position, the market continued to fall, and it was a trend that buried people."

"Damn it, I really should have followed the path of wealth to reduce my position. Oh...I regret it!"

"It's all a sharp decline. It's really a ghost. The bull market hasn't even disappeared yet, and the bear market is coming again."

"Will Fortune Road still be out today?"

"Looking at the stocks held by Wealth Road such as Orient Securities, Orient Venture Capital, Zijiang Enterprises, and Wanqi Enterprises, they still fell sharply today, and the large funds on the market still showed a complete net outflow. It's really uncertain!"

"It shouldn't be possible, right? Wealth Road has been out for three days in a row, and it's still out today... I don't know how many billions of chips are hidden there."

"Just look at it and you'll find out!"

"If there is still hope for wealth, the index will probably fall next week, hey..."

"When Fortune Road reduced its position for the first time, it should have been cleared the next day. I remember that there was an obvious upward movement in the market that day. It was an excellent opportunity to reduce its position. Unfortunately... we really shouldn't be greedy."

"The result is that now, let alone opening high, it is directly opening low and then going down. It is simply miserable."

"Hey, I've been numb from being killed in the past few days. I've been cutting my flesh every day."

"I hope Fortune Road will not sell today, so next Monday... there may be a chance for a rebound."

In the heated discussion, with many retail investors anxious and hopeful, time passed by 5:30 pm, and the new Dragon and Tiger list was refreshed. Fortune Road was not on the selling list today, of course... the buying list was also No trace.

Finally, after three consecutive days of selling, the path to wealth, which was considered a thorn in the side of the market bulls, stopped.

“Wealth Road is not for sale, Wealth Road is finally no longer for sale!”

Facing the clean dragon and tiger list with no way to get rich, many retail investors still in the market breathed a sigh of relief.

However, everyone's relaxation only lasted less than half an hour before they were crushed by another major negative boulder from the market.

Because at 6pm.

The news of ‘market IPO restart’ that has been vaguely circulated for several days has finally come to fruition.

The China Securities Regulatory Commission has announced plans to restart market IPOs next month. At the same time... the Issuance Review Committee of the China Securities Regulatory Commission also announced that it will restart the review of listed companies next month and promote the normalization of 'market IPOs'. So far... The direct financing channel for domestic listings, which had been stagnant for almost a year and a half, has been reopened.

Hearing the news...

The retail investors in the entire market were wailing, complaining, and angry. At the same time, everyone also understood why the market had been so weak this week, and the market was falling every day.

"What the hell, the news must have leaked. I wonder how these major institutions can run so fast."

Affected by the news of "market IPO restart", the angry market suddenly boiled with complaints and anger.

"Is this how the maintenance market is said to be maintained?"

"Isn't this because you don't want to see the market? As soon as there is some improvement, you start drawing blood. How the hell... can there be a bull market? What a bullshit, damn... I will clear my position on Monday. No matter how much I lose, I will clear it."

"No wonder it has plummeted for four days in a row. The IPO has restarted and such a big blood-drawing machine has started. It's a damned thing if the market doesn't fall."

"I talked about the unprovoked riots by 'securities and venture capital' before. I thought they were speculating on bull market expectations, but I didn't expect... the real speculating was actually the restart of IPOs!"

"It's terrible! It's so bad at this time."

"Damn... let the market drop to its limit next week. I'm tired of it. I'm tired of it. Hey..."

"Look at it this way... On Fortune Road, there was a large-scale reduction of positions on Tuesday, and the reduction was so urgent. It must have been that day when I heard the news, right?"

"Holy shit, shit, are you crazy to restart the IPO at this time?"

"With the normalization of listings, can the market catch a ghost? It's crazy, crazy... it's simply crazy!"

"Wouldn't it be better to wait until the market is really bullish before restarting? If it has to be at this time, no wonder the market can be bearish for 6 years. With this blood-sucking speed, how can incremental funds keep up?"

"Hey, I thought I was a leek, but now I see... I'm just a blood bag."

"If this continues, all the roots of the leeks will be gone."

"Just restart it. No one wants to subscribe. I think he can distribute it?"

"Yes, yes! If there is another wave of breakouts, IPOs will naturally stop."

"Vote with your feet on Monday and let the index drop to the limit. I wonder if these guys can keep it on their faces?"

"The Growth Enterprise Market and the Small and Medium-sized Enterprise Board may really fall to the limit. In the past year or so, due to the stagnation of IPOs, many concept stocks on the Small and Medium-sized Enterprise Board and the Growth Enterprise Market have been directly speculated by various hot funds due to their scarcity, often selling hundreds of times or hundreds of times. With a price-to-earnings ratio of 3 times, now...scarcity is gone, valuations have returned to normal, and the downward trend is really unstoppable!"

"You're not getting to the point, are you? After the IPO restarts, the listed stocks will be listed according to the normalized valuation, that is, according to the common price-earnings ratio of 22 times and 25 times. Then many concept stocks on the small and medium-sized board and the GEM will inevitably suffer When valuations are suppressed, prices plummet."

"No matter what, next Monday, the small and medium-sized boards and GEM will definitely be finished!"

"Still falling? I am really unlucky. I bought Hua Qingbao for 86 yuan, and I have already lost almost 30%. It seems... there is really no hope of getting back my money in this life!"

"Hey, I really regret not following the trend and reducing positions when Wealth Road reduced positions."

"Looking at it now, the day Fortune Road reduced its position was a clear reminder. Why didn't I understand it at the time?"

"Not only was it reminded that day, but it was also reminded for three days in a row. It was sold three days in a row. The clearing trend was extremely obvious. If there is no reduction in positions and avoidance, then it can only... you are really losing money based on your strength."

"What a sin! I entered the market after the National Day. It feels like it has only been less than a month, and I have gone through a complete bull and bear cycle!"

"Where's the cow? Where's my cow? Why did it suddenly turn into a bear?"

"Hey, this wave...these main funds are really ugly!"

"Don't blame it for looking ugly. Anyone with a discerning eye will know something is wrong with the market these days. What's more, I am on the dragon and tiger list. I have been reminded for three days in a row. I can only say... I don't reduce my position and avoid it. It's my own fault." greedy."

"It's cold, it's really cold this time!"

"Who said before that this was a bull market and financing could be obtained? Fortunately... Fortunately, there was no financing, otherwise there would be no place to cry at this time."

"Hey, I think the index will have dropped to the limit next Monday."

"If you want to go to the rooftop, hurry up, otherwise the rooftop will be full on Monday and there will be no room to dance."

Amid the extremely heated discussions, the news of the IPO restart was like a bundle of high explosives, directly destroying the already sluggish and shaky market confidence.

So, as the news continues to ferment...

No matter what the regulators say, the IPO restart will have little impact on the market. No matter what angles various institutional analysts and financial media use to bullish the market and explain the impact of the IPO restart on the market, no matter how good the external trend is... Restore collapsed emotions and confidence.

Throughout the weekend, as the news fermented, all investors' expectations were dark.

In everyone's mind, the index has dropped to the limit, the market is hopeless, and there is no need to save it.

During this period, many investor groups who had been eager to enter the market to buy the bottom gave up their plans to enter the market due to extremely pessimistic and extremely dark emotional expectations at this moment.

In short, before the market opened, everyone had lost all hope due to Monday's market trend.

Investors trapped in the market are wailing, while investors with short positions or short positions to avoid this huge negative are also complaining and feeling anxious.

After all, it finally gave rise to a glimmer of hope for a bullish market.

All investor groups participating in the market, regardless of those with heavy positions, light positions, or short positions, do not want the market to fall back to the continuous downward trend of the past few years, and they do not want to experience the endless downturn every day. It’s a day when prices fall and people don’t even want to open a trading account.

In this extreme emotion, in this despair of collapse of confidence.

October 29th is coming, and the market will usher in the first trading day after the major negative news of ‘IPO restart’.

At 9:15, when the emotional temperature of the entire market was extremely cold, and when hundreds of millions of investors were anxious and desperate, but seemed to be hoping for a miracle, nearly 2,000 stocks in the two cities came together. Bid.