Li Meng nodded in response and quickly issued instructions to the traders to continue reducing their positions.

Subsequently, various stocks held by the fund, such as Huatong Securities, Orient Securities, Orient Venture Capital, Shibei High-tech, Zhangjiang Hi-Tech, Zijiang Enterprise and a number of other popular securities and venture capital stocks, encountered stronger selling.

During the trading session, the stock price fell at a faster rate, and the overall rebound trend of the two cities was completely reversed.

And as these stocks dive...

Many concept stocks in the direction of small and medium-sized boards and GEM also plunged, and active funds followed the trend, further collapsing.

"It's diving again. It's poisonous. Why does the index start to dive every time it reaches ten o'clock?"

Some people among the retail investors who followed the trend were very unhappy when they saw the popular stocks in the market plunge one after another, and the great rebound situation was reversed in an instant.

"Hasn't Fortune Road already been cleared on a large scale? Who is doing this?"

"Damn it, it's so weak. Potential Hengxin can't move even 10 boards in 11 days. It's so damned!"

"You won't cheat again and copy yesterday's trend, right?"

"Probably not. If we really want to kill the market today, there is no need for the main funds to pull the index up from the deep water. I think this wave of diving will definitely be stable."

“Even if the rebound fails, it shouldn’t fall below the early low, right?”

"It's hard to say. The 'Three Musketeers of the East' have all collapsed. No one is placing orders on the popular concept stocks that were oversold in the direction of the small and medium-sized board and the GEM board. The money-making effect of the market is quickly dissipating. If this continues... selling will only

It will become heavier and heavier, and the funds willing to follow the trend will only become smaller and smaller.”

"Unlucky, unlucky...this set is really depressing."

"Zhezhou Dongfang has turned green. Damn it...it has actually turned green. It was clearly going well before, but why did the selling suddenly become so heavy?"

"Hey, Wanqi Enterprise has also closed the lower limit again, damn... I even bought the bottom today, and I got buried again!"

"Really... I saw the sharp pull in the index in early trading, so I shouldn't have entered the market."

"Everyone has said that Wealth Road is clearing positions and taking profits on a large scale. The market must have turned. If you still hold on to luck at this time, you are really licking your blood."

"Hey, Oriental Securities has also turned green, and sure enough...it's such a scam again!"

"What a bullshit bull market!"

"Before, the market was easy to rise but difficult to fall. Any intraday dive would be quickly recovered. Now, look at this situation...the market has really turned."

"Securities, venture capital originally speculated on bull market expectations, but now the expectations have almost disappeared, then securities, venture capital naturally have no logic to rise, and it is normal to fall, right? Look at this situation...not to mention falling back to the initial level.

From the origin position, it has to fall by at least 10% to stop."

"Securities and venture capital say that expectations are weakening and the stock price correction is understandable. Then what is the reason why the small and medium-sized board and the GEM have been so weak recently?"

“It’s simply too much!”

"The GEM index has almost doubled from over 700 points to over 1,300 points, and the core constituent stocks in the sector have increased by 2 or 3 times at every turn. It is normal for the GEM index to be pulled back from its high level. After all... no matter how much

Even with good future expectations, the stock price cannot keep rising."

"I think it's mainly because of the financial constraints at the end of the year, right?"

"Funds are tight. How come it wasn't tight before? But it's just these two days that funds are tight?"

"Is it possible that there is some major negative news in the market that has not been announced?"

"Holy shit, shit... Huatong Securities has also turned green. Hey, the market looks like today... there is no hope!"

In the midst of extremely heated discussions among many retail investors, at 10:35, the Shanghai Stock Exchange Index turned green, and the GEM Index's decline expanded to 1.23%. Almost all popular "securities, venture capital" stocks encountered heavy selling pressure, with gains rising from the intraday high.

points, it has fallen back by more than half, and many relatively weak concept stocks have fallen underwater. The decline exceeded the low opening range at the opening, and all the investor groups chasing positions today have been trapped.

At 10:38, the entire market fell into a correction and plunge.

Twenty minutes ago, the daily limit had just been sealed, setting a potential level of 10 in 11 days. The market volume increased significantly again, huge selling orders poured out, and the closing order decreased sharply.

At 10:39, Potential Hengxin broke the board, the stock price fell rapidly, and the high space for market speculation was lost.

At 10:40, under the influence of the potential Hengxin market, hot money that was active in the market and followed the trend retreated sharply, and the popular stocks where hot money gathered ushered in further plunge.

At 10:41, Zhezhou Dongfang’s transaction volume exceeded 500 million, a decrease of 3.33%.

At 10:43, Orient Securities, which followed the trend and dived, also fell by 2%, close to the drop at the opening, and at this moment... Zijiang Enterprises in the 'Venture Capital' concept section suddenly crashed, and the drop was within 1 minute, that is,

From around 1% to 6%, panic orders surged out.

At 10:46, the Shanghai Stock Index's decline expanded to more than 0.5%, and market investment sentiment further collapsed.

At 10:55, the Shanghai Stock Exchange Index's decline expanded to 1.25%, and the ChiNext Index's decline expanded to 1.79%. Both of them swallowed up all the rebound gains after the opening, burying all investors who had chased after the market during the day.

"Teacher, he is still selling it!"

Seeing that the index is continuously diving, the stocks that were sold on a large scale on the Dragon and Tiger list yesterday by Fortune Ventures, Orient Securities, Huatong Securities, Shibei High-tech, etc. are still experiencing related simultaneous selling.

In the trading room of Yanjing and Anlan Fund, Xie Wanting said excitedly: "Look at these stocks... the traces of simultaneous selling are too obvious. It feels like he still has a very large amount of chips in his hands, waiting to exit.

"

"I saw it." Next to Xie Wanting, Zhou Guohua stared at the split-screen display of various popular stocks on the big screen in the trading room, and nodded slightly, "Billions of sell orders have been made, but in the end, there is still money left in his hand.

With such a large amount of chips, how much money does this guy... lurk in?"

In his career, he has never seen a trader like Fortune Lu Su Yu.

It stands to reason that even if Su Yu infers that the IPO market may restart through other market information and news, there is no reason to use billions of funds to bet on the explosion of this line on such a large scale!

Sometimes...he thinks the other person is a gambler.

But sometimes, I feel that...the other party is simply a genius in terms of trading, market timing and opportunity mining.

"Based on previous estimates and the market signs at this moment, I'm afraid it must be at least four to five billion in size." Xie Wanting thought for a while and said, "Such a heavy position was involved. I didn't feel it at all before. I really don't know.

How did he do it? And when did he start infiltrating?"

Zhou Guohua thought for a while and said: "Such a large-scale latent warehouse may have started after the National Day. Think about it carefully... This guy is probably starting from the briefing organized by the supervisory authorities during the National Day.

It is judged that the IPO market is about to restart.”

"The layout is far-reaching..."

"In this wave of 'securities and venture capital' markets, most of the profits have fallen into his pocket."

"And... from the market perspective, many of the leading institutional funds that triggered this round of 'securities and venture capital' markets seem to be still hesitant."

"The more hesitant they are, the less likely they will be able to appear in the end." Xie Wanting said, "Mr. Su from Fortune Road still holds a large position, but he has already reduced his holdings in the past two days.

With a lot of chips, the cost of the chips in his hand at this moment is estimated to be very low."

"Such a low cost..."

"At a time when market liquidity is gradually lacking, and news of the market's IPO restart is about to come to fruition."

"When I smash the plate, I'm afraid there won't be any hesitation."

"Other major institutions that do not have cost advantages, if they are still hesitant at this time, they will probably be harvested by Fortune Road."

"Everyone has a sense of luck." Zhou Guohua chuckled and said, "If you think that the Wealth Road has been cleared and the impact on the market has passed, then you will inevitably take a chance and restart the IPO market.

Before the official announcement of the news, with the help of the gradually fermenting news, they continued to speculate and transferred the risk to the majority of retail investors. Unfortunately... sometimes the performance of the market always backfires, and my own cognition and judgment are always so...

ridiculous!"

As he spoke, he turned his attention again to the big screen where the market prices were constantly changing.

I saw that the decline of the Shanghai Stock Exchange Index has expanded to 1.5%, and the GEM Index has dropped by more than 2%. All industries and concept sectors in the two cities have also turned green, and the entire market hot spots have disappeared. There is no place with obvious money-making effects.

And also at this moment...

Inside the Yanjing and Shenhua Funds, the trading room; and inside the Magic City Yinghui Fund, the trading room.

Relevant core traders and fund managers, in desperation, have completely turned their long positions into short positions. They have taken the initiative to place orders and sell at large prices to reduce position losses and profit retracements.

Similarly, in Shenzhen, Yuhang, Jinling, Guangdong... and other places.

Many major institutions and major funds gathered in the field of 'securities and venture capital', after they clearly discovered that there was a problem with the market's ability to undertake the market and that there was no chance of a turnaround in the market, they no longer maintained any market, and began to sell on a large scale and compete for the market.

The remaining liquidity will take the initiative to sell down.

As a result, funds from all walks of life fell one after another and positions were liquidated.

At 11:30, when the market closed at noon, the Shanghai Stock Exchange Index fell further to a decline of 1.87%, while the ChiNext Index fell nearly 3%. The performance of the two cities was extremely tragic.

After the market closes at noon.

Faced with a market that opened low, rebounded, and then fell rapidly, almost collapsing.

As long as they are still in the market and have not exited their positions on a large scale, they are all wailing and feeling very depressed at this moment.

Among them, Mu Yao, the chief market analyst of Jingda Investment, who only excitedly intervened in the morning, thinking that he could make a comeback, stared blankly at the frozen market, his heart was filled with despair, and his face was pale.

He was liquidated.

At 11:17, when Huatong Securities fell below the 3% level, his personal position account was liquidated by the over-the-counter financing institution he financed. Currently, in addition to the principal of 1.16 million left in the account,

, and the 2,000 lots of Huatong Securities stocks that I bought today but cannot sell, there is nothing left.

The 50 million principal he invested basically returned to zero.

The 41 million yuan he borrowed from loan sharks has basically returned to zero, with a total loss of nearly 100 million.
To be continued...