Chapter 21 Bulls Trample
At 9:30, the two cities officially started trading.
The Internet speed technology that Su Yu was watching climbed slightly upward by 0.3 points, and then fell without resistance as the GEM index adjusted.
For ten minutes, Su Yu didn't see any big buyers or sellers.
"It seems that following the concept of 'mobile games' and hot money one-day tours, the big money in the market has basically gone away." Su Yu looked at the changes in the board of Internet Speed Technology, smiled, and thought to himself, " Since there is no big money dominating the market and hiding it, you can open positions as you like.”
In the current market, the trend of the GEM is much stronger than that of the main board.
However, at the end of this bear market, the main long-term funds that are still active in the market still focus on large blue chips and many white horse stocks.
The so-called regular army of public offerings, everyone’s understanding of the GEM market...
I still feel that this is dominated by hot money, random speculation due to irrational market conditions, and a castle in the air that is unsustainable and has no performance support.
Very few public fund managers can do this at this time.
Realize that the market's valuation method is quietly changing; realize that in the context of 'mobile Internet' and '4G', the numerous concept stocks on the GEM also have the potential to transform concepts into substantial performance and grow into a new generation' Tech White Horse's huge opportunity.
Market biases, and the lessons of past history.
As a result, the main fund institutions completely failed in the first stage of the GEM market.
It also led to the core GEM stocks such as Internet Speed Technology, which relied on the explosion of "mobile Internet" and saw changes in fundamentals and performance. In the early stages, there was no large-scale position held by any major fund institution.
Two accounts with a total of 2.069 million funds.
Su Yu divided the buy order into orders of less than 50 lots. Under the adjustment situation of the two cities today, he gradually cleared the sell orders of Wangsu Technology.
Neither pallet nor chasing the rise.
In the end, it took almost 20 minutes to buy all the funds of more than 2 million yuan. The average cost of holding a position was 24.80 yuan. The accounts of Liu Tianshui and Mr. Wang each held 400 positions.
After the position is completed...
Internet speed technology continues to follow the market fluctuations.
By the time the market closed at 3 p.m., Hua Qingbao fluctuated violently, falling 5 points, and the enthusiasm for the entire "mobile game" concept had dropped across the board.
In the end, Wangsu Technology fell 1.52%, and its stock price closed at 24.49.
During the whole day's trading, in the transaction records of Wangsu Technology, large orders of more than 1,000 lots appeared only three times, and ultra-large orders of more than 3,000 lots did not appear once.
This proves that this stock has exited after hot money speculation.
There is an extreme lack of attention from major funds.
Su Yu's stock market trading record today ended with a loss of more than 2 points, and his financial management account also experienced a retracement for the first time.
But he looked at Internet Speed Technology, which basically had no financial attention, and looked at the rebound of the market and its obvious decline, without any worries in his heart.
Gold will always shine.
When the performance report of Wangsu Technology came out, the future expectations and fundamentals of this stock were completely reversed under the performance of the performance report.
Funds for market speculation will definitely flock in.
For a stock like this that is purely driven by performance and fundamentals and does not have many good stories to tell, it is a good thing that there is no main capital lurking before the wind blows.
This shows that after the performance is implemented...
Driven by the rapid establishment of a large amount of funds, its stock price has more explosive potential and sustainability.
Therefore, Su Yu would not care too much about the trend before the announcement of the performance report, whether it was up or down. At this time, after having figured out the on-site chip organization of the check, he only needed to wait patiently. Just verify your investment logic and wait for funds from all sources to come to support you.
in a sense……
He can be regarded as the main force hidden in this stock, but the amount of trading funds he has as the main force is only the size of a market owner, and he cannot have a huge impact on its stock price.
After briefly reviewing the stock market trading conditions, Su Yu quickly turned his attention to the gold trading market.
After the turmoil in the Asian market, gold prices have returned to a downward trend, and even a weak oversold rebound failed to last long.
Entering the European trading session, the price of gold fell into a rapid downward trend at the beginning of the session.
It broke through the support position of $1,475 in one fell swoop.
Su Yu looked at the almost unilateral plummeting trend of gold, and then looked at the total funds in the account that had expanded to more than 30,200 US dollars, and the available margin of more than 24,000 US dollars.
Directly near US$1,474, an order was placed to short-sell 6 lots of gold again, with the stop loss set at US$1,481.
After increasing his position again, the available margin in his account reached more than 19,000 US dollars, and the overall position level was still in the low-risk zone.
It was around 5 p.m., after European trading began to enter its peak period.
Gold's decline began to expand further.
The entire market, all bulls, saw the price of gold deviating further and further away from the bull-bear line of $1,500. Seeing that most investment banking institutions around the world began to bet on the market, they began to stop losses and liquidate positions.
At this point...the terrifying multi-kill situation is coming.
At 6:20 p.m., the price of gold quickly broke through $1,450, falling again by more than 300 points compared to Friday's closing price.
Bulls are desperate, and the entire gold trading market has turned bearish.
After gold effectively broke through 1,450 US dollars, Su Yu continued to increase his short gold position by 10 lots at a position near 1,449.3 US dollars. With the available margin in his account having expanded to more than 51,600 US dollars, he maximized his position within the low-risk position range. to expand account profits.
Gold trading market, all technical indicators, fundamentals, market sentiment, and long and short market patterns.
All have shown a unilateral short position.
Under this situation, Su Yu knew that the plummeting trend of gold would not stop unless all the bulls accumulated above $1,500 were forced out of the market.
so……
Although he continued to increase his holdings with the help of expanding profits during the plummeting gold price, in fact, the risk was not great at a holding level of less than 30% of the total funds.
In his prediction, gold needs to digest the bullish power that has accumulated above $1,500 for 2 years.
Without pulling out a drop of more than 1,000 points, that is, a plummeting space of more than 100 US dollars, it is impossible to completely destroy the power and confidence of the bulls in the market.
and……
At this stage, the bull's prisoner's dilemma has arisen.
No matter how determined the long position holders are, facing a complete collapse of market confidence and extreme losses in their accounts, they will passively join the group of traders who cut their positions and stop their losses.
As a result, the stampede in the market will be deepened step by step, and the plunge of gold will be increased.
Only when the bullish stop-loss forces that trample each other on the market are completely consumed by the market during gold's plunge will gold's plummeting trend slowly stop.
At 6:40, the price of gold broke through the price of $1,440 and continued to expand its decline.
Su Yu looked at the comment sections of relevant domestic gold trading forums and financial websites at this time, and saw that there were many bullish investors and bargain-hunting investors who had liquidated their positions.
“It’s not even the U.S. trading session yet, and the trend of gold is really scary.”
"It plummeted by more than 400 points. My account has been liquidated. Hey... I thought I could survive Friday and use the oversold rebound today to reduce some losses. I didn't expect..."
"Hey, it's the same thing. I also replenished the margin, but my position was also liquidated."
"If I had known earlier, I should have stopped the loss decisively and should not have taken the order."
"Who would have thought that the price of gold could drop like this? For two consecutive trading days, this drop... has almost caught up with the drop of A-share stocks. It is simply unbelievable!"
"The financial crisis in 2008 has never been so bad. I just can't understand it."
"Yes, there is no particularly major negative in the market. Gold crashed suddenly. It's hard to understand the logic behind it!"
"Depending on the situation, today's gold price decline will not be smaller than Friday's."
"Hey, this continuous plunge proves that gold has really entered a bear market. Everyone...all your long orders should stop your losses quickly. The bear market in gold prices has begun, and there is no bottom."
"Is this a market stampede?"
"This unilateral plummeting trend is obviously a stampede. Alas...In the early days, all institutions, media, and major Vs all sang long gold, causing long gold investors to pile up above US$1,500. Now...the price of gold It has completely fallen below $1,500, can you not step on it?”
“If the bulls don’t die, the decline will continue.”
"The current trend of gold really fully explains this sentence."
"Go short, go short on the backhand, go with the trend, maybe you can recover some losses."
"The short-term gold price has plummeted too much. Entering the market to go short at this time...I'm afraid that if it rebounds quickly, the stop loss will be knocked off again!"
In countless discussions, market sentiment has increasingly shifted to the short side.
The situation of multiple kills and multiple tramples in the market is becoming more and more serious, causing the decline of gold to continue to expand.
At 8:36 p.m., the price of gold hit $1,430, plummeting more than 530 points, exceeding the all-day decline of gold on Friday, and continuing to set the "biggest decline in four years."
Then enter the US market...
Amid the global market turmoil, American gold bull institutions and bull investors continued to cut their positions and stop losses.
The price trend of gold has plummeted further due to the despair of global gold bull investors, setting a new historical record of "the worst decline in four years".
Su Yu stopped adding positions after the gold price fell below $1,430.
Instead, they wait silently for the storm of bulls in the market to trample each other to pass, and then after the gold decline slows down, they close their positions and exit at a profit.
In his attention...
At 1:52 a.m., gold fell below $1,415.
At 2:32 a.m., gold fell below the integer mark of $1,400, continuing to further expand market panic.
After gold effectively fell below $1,400, that is, in the second half of the US trading time, Su Yu thought that the stampede sentiment of the market bulls should have been released.
The trend of gold has not only failed to slow down, but has completely lost control.
