The market for convertible bonds continued to be hot at the opening. Yesterday, the suspension of Zhengyuan Wisdom and Zhengyuan convertible bonds did not extinguish the flames of convertible bond speculation. Only convertible bonds rose sharply at one point and approached 150%.

Yesterday's V-shaped reversal of the market once gave hope that the gas market was about to rebound, but today's opening of the market's frequent crashes and banks' pullbacks shattered this hope. The market for convertible bonds continued to be hot at the opening. Yesterday, the suspension of Zhengyuan Wisdom and Zhengyuan convertible bonds did not extinguish the flames of convertible bond speculation. Only convertible bonds rose sharply at one point and approached 150%. However, the relay of convertible bonds at the end of the trading session was extinguished, and 20 convertible bonds fell by more than 10%. The participants this afternoon eventually became the takeovers.

A shares have always had a rule that a certain wave of market trends or a certain subject often starts on Friday or Monday, and often ends on Friday or Monday. For example, the market acceleration phase in early July this year began on Friday, and the high of 3458 was also set on Monday. For example, the hot speculation of the ChiNext led by Tianshan Bio in early September began on Monday; the second-new hype of the registration system in mid-September also began on Monday and finally on Friday. Therefore, this week's convertible bond market may end on Friday or next Monday at any time, and today is the beginning of the ebb.

The market still performed relatively strongly in the morning, but the market's continuous shrinkage volume was bought by the afternoon diving trend. Fuling Pickles hit the limit at the opening, Xiaoxiong Electric Appliances, Rongda Photosensitive Diving, Changchun Hi-Tech continued to make up for the decline significantly. The recent market white horses have made up for the decline, which was caused by institutional fund managers' positions adjustment. In order to maintain the performance they have achieved, the fund manager gave up the group of high-level white horses and turned to the undervalued bank insurance, which has become the main factor for the recent strengthening of banks. On the other hand, regulators no longer require banks to hide profits. The performance of bank stocks in the third quarter generally exceeded expectations, becoming a signal that the sector bottomed out at the stage and started an upward trend. Banks in the future are expected to continue their recent strong trend, which also means that there will be no room for a short-term decline in the market index.

GEM theme stocks are still the main direction of short-term fund reporting in the recent short-term fund group. Haofeng Technology, which surged and fell in the late trading yesterday, opened slightly higher today and exceeded expectations tomorrow; Infite and Jinsheng New Materials, which had the first board yesterday, opened more than 5 points and 10 points higher, respectively, in line with expectations, but yesterday, the only electroacoustic shares , which opened only less than 2 points higher than expected, which also shows that funds still tend to avoid high-level stocks on the GEM. So the question is, how will the Infite , which was held in the late trading session, open next Monday?

In the early trading, Heshun Electric and Yongfu Co., Ltd.'s two first-board assists became an important driving force for Infite to continue the board. It can be seen that the speculation of GEM theme stocks in the future market will weaken the intensity of purely continuous boards, and the first board and continuous board resonance, or the first board of the main board, the first board of the GEM will jointly assist, which will be an important guarantee for the hot spots of GEM to continue the board.

A significant comparison is that on October 21, the two consecutive boards in the Sai Group benefited from the Electroacoustic Co., Ltd. , Xuanya International's first board and Shengxunda 's big assist. On October 22, Electroacoustic Co., Ltd.'s consecutive boards were also due to the GEM Jinsheng New Materials. The main board Baiya shares assisted the first board. In the early morning, Jinsheng New Materials quickly continued to board, which also laid the foreshadowing for the intraday and the continued decline in the late trading. After the charging pile of

, the second-new abnormal copper bull information hit the daily limit, Xiongman Dairy closed the board and exploded the board. In the weak market, the second-new stock is a direction of grouping, but since it is a second-new stock, it must be "new" enough; the first batch of second-new stocks in the registration system are generally weak, while the second-new stocks with a short listing time are not.

Overall, the market fluctuates widely between 3200 and 3458, and the space cannot be opened for a long time. The funds are repeatedly rotated and played in the ChiNext. Be careful not to chase highs in the short term, and mainly buy low and lurk.

[Introduction to the Wrangler Team]

Wrangler is a practical mentor who combines short-term and bands, a stable investment style. He has focused on trading and research for more than 10 years. He has worked in large securities companies and private equity institutions. He has been invited to attend Beijing Financial TV Channel many times. He is good at technical analysis, is well versed in the capital operation process and the development logic behind the stock market, and summarizes and forms a trading system with [key point position trading] as the core.