Rebirth of the investment era

"Fortunately, it's not that bad!"

At 9:20, seeing that the overall market situation showed some obvious signs of recovery compared to 9:15, He Hong, who was closely watching the market in the fund trading room of Yuhang, Minghui Capital, also breathed a sigh of relief.

Yesterday when the market had a full breakthrough, it was at the request of General Manager Xu Zhongji.

He basically put all the remaining funds available in the fund into the target stocks.

It can be said that at this moment, the company's main fund products he is responsible for are already fully stocked, and the cost of holding positions is not low. If the Shanghai Stock Index is affected by the short sentiment in the external market today and fails to hold on at the 2200 point mark, it will fall back and form a situation again. The state of false breakthrough.

All the chips that the fund increased its positions yesterday will most likely fall into losses.

And this will also drag down the net value performance of the fund products and cast a shadow over the company's half-year performance report. Of course... more importantly, it will directly affect his performance and thus his income.

"How is it?" Xu Zhongji, who had just finished the internal management morning meeting, walked into the trading room. He happened to hear He Hong let out a long sigh of relief and couldn't help but ask, "The mood is bad? The market has opened sharply lower?"

"That's not true." He Hong turned around and saw the general manager Xu Zhongji, and replied with a smile, "The market reaction was weaker than expected, but there was no corresponding panic selling. I feel that the market's resilience is not weak, and the market has a profit-making effect. Still, 2,200 points should provide substantial support for the index.”

When Xu Zhongji heard this, he nodded slightly and said, "That's good. As long as the index can be maintained above 2200 points and let this previous pressure point form a substantial support platform, completely reversing the logic of market investors' expectations for the market outlook, then If the market continues to expand upward, there will be no problem.”

As he spoke, he also turned his attention to the big screen in the trading room showing the market conditions.

At this moment, the time has moved to 9:23. In terms of the overall market performance of the two cities, it is still the concept and industry sectors in the two main areas of 'infrastructure' and 'state-owned enterprise reform' that lead the gains. In addition to some stocks that are good for resumption of trading, the top rankings are still popular stocks in the two core main areas of 'infrastructure' and 'state-owned enterprise reform'.

"Hey, Beixin Road and Bridge didn't even open at the daily limit."

Xu Zhongji couldn't help but be a little surprised when he saw that Beixin Road and Bridge, the core leader of the two cities, was hovering at 7 or 8 points, and the market trading was fierce and divergent. It’s not enough and it’s difficult to form consistent expectations!”

"But the premium increase of 7 or 8 points is already very strong." He Hong added, "According to this collective bidding volume, if the main funds in the Beixin Road Bridge market do not drop after the market opens, it will obviously continue to be closed. The hope of the board, in fact...like this kind of high-level leading relay, changing hands to reach the daily limit, can go further than a single-digit daily limit, and it is easier to gather market sentiment."

"Well!" Xu Zhongji nodded slightly and said, "From the perspective of hot money speculation, this is indeed the case. However, this check was made possible by the overall increase in position of Mr. Su's 'Fushenglu' seats yesterday, and after the Shanghai stock index broke through 2,200 points. The sentiment assists, and there are considerable differences today, which proves that the current market still does not have consistent sentiment expectations, and also shows that the index is at this position, fearing that there will still be violent fluctuations.”…

"As long as the index does not break 2200 points and fluctuates on the upper edge of the box, it will be fine." He Hong responded.

"It should be a healthy shock." Xu Zhongji pondered for a moment and then said, "Except for the impact of external market trends yesterday, there were no other negative effects. Logically speaking, today's early trading should be the lowest point of sentiment. Since the market has not opened much lower now, Once the mood is stabilized, there will no longer be panic buying situations.”

As he finished speaking, the time had moved to 9:25, and the collective bidding in the two cities ended.

After a total of 10 minutes of call auction time, the Shanghai Stock Exchange Index finally maintained a flat opening, falling 0.02%, fixed at 2217.98 points. The Shenzhen Stock Exchange Index and the ChiNext Index opened relatively slightly lower, falling 0.19% and 0.23% respectively.

In addition to indexes, concept sectors, and individual stock performance...

The two main concept areas of 'infrastructure' and 'state-owned enterprise reform', related concept sectors, and industry sectors still led the gains of the two cities, with higher opening ranges, both of which were greater than 0.5%. However, the 'Shanghai Free Trade Zone' and 'Shanghai Free Trade Zone', which performed relatively well yesterday, Main concept fields such as 'Internet Finance', 'Mobile Internet', and 'Smartphone Industry Chain', as well as related concept sectors and industry sectors, followed the index fluctuations and opened slightly lower.

Among them, the pharmaceutical and consumer sectors performed sluggishly yesterday and are relatively in a state of adjustment.

Today's opening performance was relatively strong again. The opening performance was second only to the two core areas of "infrastructure" and "state-owned enterprise reform".

As for the many core popular stocks and popular stocks in the market that hit the daily limit yesterday.

The opening performance includes both strong and weak positions.

Mainly, the popular stocks belonging to the fields of "infrastructure" and "state-owned enterprise reform" are still performing strongly on the market. Although the stock prices of each stock are already at a relatively high level at the moment, there are still a lot of funds actively pursuing the higher prices. Buying orders still suppress selling orders.

Of course, within these two core main areas.

Several leading stocks such as Beixin Road and Bridge, Shibei High-tech, China Railway, and MCC, which are the most popular among market investors, performed even stronger.

Among them, Beixin Road and Bridge opened 7.55% higher, and the entire collective bidding transaction exceeded 43 million.

Shibei Gaoxin opened at a high of 4.33%, and the entire call auction transaction exceeded 10 million, which was also a substantial increase in volume.

The two leading stocks of China Railway Group and China Metallurgical Group opened higher by about 2.5%, and the entire call auction transaction volume also exceeded 40 million. Compared with the previous days, they were both in a state of substantial increase in volume.

On the contrary, popular stocks belonging to the fields of ‘mobile Internet’ and ‘smartphone industry chain’.

Even though these stocks showed a strong rebound trend yesterday, and many of them sealed their daily limits, judging from today's call auction and opening results, their disk performance did not show any continuity. Markets suppressed buying orders one after another, and all prices opened slightly lower, with basically no premium.

Seeing this opening situation of the two markets, the majority of market investors have mixed emotions.

There are disappointments, surprises, and dullness.

Generally speaking, market sentiment is intertwined between long and short. The consistent sentiment that many people expected did not appear.

“The market is quite divided!”

At this moment, someone in the Yuhang hot money group where Su Yu was located said with emotion. …

"Only when there are differences can the market move. I think the opening of the market today is the best trend."

"Indeed, the market's confidence has not been fully established. At this time, in fact, consistent long sentiment will not go far at all. On the contrary, it is a manifestation of this divergence of sentiments. The height of the market rebound can still be high."

"Judging from the opening situation, the core hot spots of the entire market are still on the two core themes of 'infrastructure' and 'state-owned enterprise reform'!"

"This is inevitable. Only these two main lines in the entire market have shown a strong and sustained profit-making effect."

"The main reason is the blessing of President Su's seat!"

“Market confidence has not been fully restored, and overall incremental funds and funds are limited, and the comprehensive rebound cannot continue. Therefore, the market is biased towards one or two core lines and making sustained breakthroughs is both the best choice and the best option. With all kinds of funds on the market, it is an inevitable choice.”

"Indeed, at this stage, the only way to have hope is to point out the Arrancar."

"Since the market is still hyped around the two main themes of 'infrastructure' and 'state-owned enterprise reform,' then the tickets for Beixin Road and Bridge, Shibei High-tech, and Pudong Construction should still be available, right?"

“Beixin Road Bridge’s auction volume today may be a bit large!”

"There have been four boards in six days. It is inevitable that the volume will increase. Look at the changes of hands after the opening. If after a large change of hands, the volume shrinks in time during the day, and the stock price does not fall too much, then it is OK. On the contrary... although this check is supported by Mr. Su's 'Resurgence Road' seat, it is also dangerous due to the impact of a large number of profit orders and hold-up orders from above."

"I think I can still continue to pay. After all, this check is already the overall leader of the two core market lines of 'infrastructure' and 'state-owned enterprise reform' that the market agrees on. Although the profit margin and hold-up price inside this check are heavy, but With the attention of investors in the entire market, the amount of active funds and undertaking funds gathered is also the largest in the market. Judging from the current height of this check, there will not be too much pressure to continue to move upward."

"Agree, since market expectations have determined that the Beixin Road and Bridge check is the main leader of the two cities, then under the condition that the two core main lines of 'infrastructure' and 'state-owned enterprise reform' have not broken, the sentiment and market of this check It won’t collapse. In fact... it’s really a good thing that there are divergences on the market at this time.”

"The Beixin Road Bridge should at least double its size!"

"I also think that this check has the potential to at least double. If this check cannot open up space, then in the two core areas of 'infrastructure' and 'state-owned enterprise reform', other votes will not be able to open up space. And... I believe Mr. Su, his large-scale intervention in the position is more than just Lilan earning one or twenty points."

"I also think it's a good buying relay opportunity. I've already bought 4 million in it at the opening."

"I'm afraid of heights, so it's safer to work in Shibei High-Tech Zone."

"I also think that Shibei High-tech has great potential. This check lags behind Beixin Road and Bridge's nearly 25% increase, but the concept, fundamentals, and even market popularity are not inferior to Beixin Road and Bridge. It just doesn't have the seat bonus of President Su. I think...if the Beixin Road Bridge cannot go up, this check has the potential to be the leader of the Beixin Road Bridge."...

"Yes, if market sentiment drops, everyone's risk appetite decreases, and funds switch between high and low, then the opportunities for Shibei High-Tech will be significantly greater than those for Beixin Luqiao."

"Forget it, I still believe in the theory that the strong leader is always strong."

"To spread the risk, why don't you buy both?"

"The line of the 'Shanghai Free Trade Zone' is actually not weak. The core leading stock Shanghai Sanmao seems to be doing better than Shibei High-tech in the past few days. I feel that it is worthwhile to participate!"

"The Sanmao market in Shanghai is controlled by the Three Musketeers in Shenzhen. I think it's better to avoid it."

"Yes, these three guys are not merciless at all when they smash the market. It is better to relay the Sanmao of Shanghai than to relay Beixin Road and Bridge. After all, although Beixin Road and Bridge is the only one in the field, Mr. Su's seat is in the Before the main line market breaks completely, it is rare to sell the market, and looking at the collective bidding situation of Beixin Road and Bridge in the early trading, it is obvious that Mr. Su is still locking up the position."

"How come no one goes to China Railway and MCC?"

"How do you buy such large-cap blue-chip stocks worth hundreds or hundreds of billions? Apart from Mr. Su's size of capital, it is estimated that only certain large institutions are interested."

"This kind of ticket generally only has market value if the market works together."

"With the amount of funds we have, we shouldn't invest in large-cap blue-chip stocks. We'd better bet on concept leaders. When it comes to trading, it's better to be simple. We want every opportunity and every stock." If you do it, you often get nothing in the end.”

"It makes sense. The simplest trading rules and methods are the most effective."

In the discussion room, as the news in the group was refreshed rapidly, the 5-minute brief suspension time passed by in a flash, and the two cities ushered in the official trading period.

I saw...

When the time just passed 9:30, the stock prices of nearly 2,000 stocks in the two cities began to jump again.

Beixin Road and Bridge, which has the highest popularity among the two cities and is praised by investors as the overall conceptual leader of the two cities, once again exploded in volume. Within half a minute, its transaction volume jumped from more than 40 million at the opening to more than 100 million. And with the rapid explosion of volume, the stock price also rose rapidly, rising from more than 7 points at the opening to approaching the daily limit in a flash.

"Damn, you're so strong. It seems like the leader will always be the leader!"

Just one minute after the market opened, Beixin Road and Bridge's stock price went straight to the daily limit. There were endless exclamations in various online trading forums and retail investor chat groups.

"The strong are always strong, the Beixin Road Bridge will definitely be completed today!"

"Do it! If you don't grab it now, why wait?"

"We have already put in a lot of money. We are the leaders of the two cities. In addition, Mr. Su holds a heavy position. I don't believe that the Beixin Road Bridge is not even 5 boards high."

"Starting from the second wave, even if the board is sealed today, this is only the second board."

"Haha, Beixin Luqiao didn't open the daily limit today. That's just giving away money. If I didn't say anything, I would just pursue it with full positions."

"Chase, you must chase. If you follow Mr. Su, you will definitely have something to eat!"

"I really wish that the funds in the check market in Beixin Luqiao could be sold more, so that the turnover rate could be higher, and the higher the turnover rate, the greater the intensity of the subsequent market trend."

"I'm going...the price limit is up!"

“The five consecutive large orders of 10,000 lots just now were really violent!”…

"9% changed hands, that's about right, right? Fortunately, I didn't hesitate today... I grabbed it."

"Your sister, I just placed the order a step late. I missed the transaction by one penny and didn't buy it. Hey... I can't take advantage of this little advantage anymore."

“The buy order I placed at the opening price was not completed, and I didn’t have time to pursue it later.”

"Haha... I told you that the Beixin Road Bridge will be opened today, so I will give you money. Sure enough... I will give you money!"

"If you can't buy Beixin Luqiao, hurry up and buy Shibei High-tech. I feel that Shibei High-tech is probably going to hit the daily limit. This check... should be the market's second best, right?"

"Damn, it's too late to remind you, Shibei Hi-Tech has already skyrocketed."

"All three major market indexes have turned red. Beixin Luqiao Niu has brought the market up again..."

With the intense and excited discussions among many retail investors, in the rapid flow of time, in just 5 minutes, the market returned to a comprehensive upward trend. Not only did the indexes all turn red, but yesterday they were pursued by various hot money and major funds. Many popular stocks have gone riot one after another, and their stock prices have been driven by a large amount of follow-up funds, and they have shown a straight-line rise.

And driven by the trend of Beixin Road and Bridge being closed almost instantly.

At 9:38, Shibei High-tech was also continuously scrambled by many major funds, pulling up the market cap in a straight line. The stock price broke through all important moving averages and suppressed it, forming a trend of two consecutive daily limit increases.

At 9:42, the two core themes of 'infrastructure' and 'state-owned enterprise reform', related concept sectors, and industry sector indexes rose by more than 2%. All popular stocks in the field were rapidly attacked by major funds. Even though the stock price is already at a relatively high level in the market, the main capital situation in its field still shows a trend of net inflows.

At 9:48, the Shanghai Stock Exchange's Sanmao closed the market in a straight line. So far, the "popular three Musketeers stocks" that are most popular in the market and have attracted almost all the attention of active short-term investors in the market have all reached their daily limit, and all have achieved a continuous trend. The market continues to make money and the effect is further expanded.

Seeing that the market's continuous money-making effect is still expanding, seeing the pressure of 2200 points is indeed a thing of the past.

The time arrived after 10 o'clock in the morning...

Investment sentiment in the two cities began to pick up further, and the investment risk appetite of the entire market also began to rise again. Overall buying began to continue to suppress market selling.

As buying orders continue to suppress selling orders, the Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index and ChiNext Index continue to rise.

Finally, at 10:45, the Shanghai Stock Index rose by more than 1%, refreshing the intraday high to 2241.49 points, getting further and further away from the 2200 point mark that the majority of investors in the market are worried about.

Similarly, as the Shanghai Stock Index is getting further and further away from the 2200 point mark.

In the market, everyone’s consensus that the Shanghai Stock Exchange Index has completely broken through the pressure of 2200 points and fully opened up the room for upward rebound has become stronger and stronger.

Moreover, the deepening of this consensus is also constantly catalyzing the market's continued upward short squeeze.

"Under the suppression of the short sentiment in the external market, I really didn't expect that the market could be so strong today." Seeing that the Shanghai Stock Index opened slightly lower at the beginning of the market, it rose all the way, breaking through the 1% increase, and refreshed the rebound high point in one breath. At the 2241.49 point, at the Yuhang Yinhua Public Fund Company's internal 'Value Investment Mixed Selection' fund product trading room, Zhu Peng, the trading team leader and assistant to the fund manager, said with some surprise, "This is a bit like a continuous short squeeze. Ah, could it be that... the big market has really started? The bull market... is really here!"...

In his memory, the market has not been so strong this year.

Not to mention the continuous bullish highs and the independent market trends under the negative external market, there is not even a small rebound in the 100-point range.

Now, compared with the first quarter of the year, the market trend is completely uncharacteristic.

This had to make him think more.

"The market trend in the past two days has indeed exceeded most people's expectations, but talking about a big market, a bull market, etc. is probably too optimistic." The fund manager in charge of the product 'Value Investment Mixed Selection' Zhou Yang stared at the changes in the two cities and said with a smile, "The entire market situation is still moving, developing and spreading around the two main lines of 'infrastructure' and 'state-owned enterprise reform'. Although the other main lines have not fallen, they have The overall performance is still weak.”

"The market cannot get out of the bull market or launch a sustained big market just by relying on one or two main lines."

"So, before the market fully diverges and blooms, we should treat it as a rebound, which is better."

"Of course, market sentiment and investment confidence are recovering, and the actions of institutions and hot money have become more aggressive in recent days. These are all facts."

"As for whether these facts can be transformed into greater market momentum."

"It depends on whether there are other major mainline concepts that can take over the market and continue the money-making effect of the market after the two core market lines of 'infrastructure' and 'state-owned enterprise reform' have reached a certain high level. Again... … Only the spread of the main market and the continuation of the money-making effect can bring about a big market and a bull market. Before that... no matter how the market changes, it can only be treated as a rebound.”

"Then the positions of our fund..." Zhu Peng paused and asked, "Should it remain unchanged?"

Zhou Yang nodded and responded: "Let's maintain the current position first. Before the bull-bear trend of the market has clearly changed, chasing positions at the rebound high point is not small."

"But if the market really continues to be shorted," Zhu Peng said, "then we will be completely short of this market."

Zhou Yang thought for a while and said: "The rebound in the bear market is extremely difficult to control. If it goes short this time, just go short. I don't believe that after the index crosses 2200 points, it will never look back."

As the two people discussed, the same moment...

Magic City, inside Yinghui Fund, in the ‘Yinghui No. 1’ fund product trading room.

Fund manager Liu Guanhai saw that the index has been rising since it exceeded 2200 points, and the two main concepts of 'infrastructure' and 'state-owned enterprise reform' are getting stronger and stronger, and the two main concepts of 'mobile Internet' and 'smartphone industry chain' are his heavy positions. Concept, it lags further and further behind the market growth, and I can't help but become more and more anxious.

"Manager, LeTV, Hua Qingbao, and Huayi Brothers, which are heavy holdings of our fund, have begun to fall instead of rising." Yu Lei, the leader of the trading team, reported helplessly, "The fund flows of several stocks have all changed. Showing a large outflow, I feel that the upward pressure is still huge."

"What do you think?" Liu Guanhai glanced at the disk of these stocks irritably and asked.

Yu Lei thought for a while and said: "How about... let's adjust our positions? The two main lines of 'mobile Internet' and 'smartphone industry chain' have been underperforming the market recently, and there is no main capital. I feel that the market style has indeed changed. Well, in a short period of time, the 'growth stocks' line is probably going to have little market activity."…

"Where to adjust the position?" Liu Guanhai continued to ask.

Yu Lei responded: "The strongest main lines in the market are currently 'infrastructure' and 'state-owned enterprise reform.' If we want to adjust positions, we can only proceed in these two directions."

"But the positions in these two directions are not low!" Liu Guanhai said with emotion, "The index rebound, I don't know when it will end. The two lines of 'infrastructure' and 'state-owned enterprise reform' have exceeded the index increase by about 20% on average. Well, if we pursue it at this time... the risk factor is not low."

Previously, because of his stubbornness, the fund had no positions at all on the two main lines of 'infrastructure' and 'state-owned enterprise reform'.

Now, the entire market situation is all hyped around the two main lines of ‘infrastructure’ and ‘state-owned enterprise reform’.

At this time, looking back, even if he wanted to admit his mistake and adjust positions and exchange shares, he could not find the opportunity at all, so he had to hesitate even more.

"Why……"

After thinking about it carefully, Liu Guanhai finally sighed heavily, gave up Yu Lei's suggestion, and said, "Let's wait and see! It's really not a good opportunity to adjust positions at this time. I don't believe in 'infrastructure' and 'state-owned enterprises'." The two lines of "Reform" can always be strong. I don't believe that after the index breaks through 2200 points, it will never look back and will not step back at all."

With his stubbornness and hesitation, another trading room in the company.

Shao Xiaoyun, who has been in charge of the 'Yinghui No. 2' fund and was promoted to fund manager, has invested heavily in the two core hot stocks of 'infrastructure' and 'state-owned enterprise reform' in the past few days. At this moment, he is staring at the market of the two markets. The popular stocks on the main line that are breaking out in full force and continuing to perform the market are full of joy and excitement in their hearts.

"Sure enough, when investing in stocks, you have to follow the strongest trend in the market." Shao Xiaoyun chuckled, "If something remains unchanged, it will only be eliminated by the market."

"Boss is right." The fund assistant beside Shao Xiaoyun agreed.

"The annual net value of our No. 2 fund should have exceeded that of the No. 1 fund, right?" Shao Xiaoyun then asked.

The assistant nodded and replied: "It has exceeded Fund No. 1 by 7%. After the boss took over Fund No. 2, this year, the net value of our Fund No. 2 has increased by 11%, which is already the top level in the industry. To be honest... Boss's The level of investment is not much worse than that of Mr. Su from Yuhang Investment."

"Mr. Su..."

Hearing the assistant mention this name, the legend about this name flashed through Shao Xiaoyun's mind. His eyes couldn't help but reveal a sharp light, and he hummed softly: "One day, I will surpass him."

As he spoke, he turned his attention to the trading boards of the two cities again.

I wanted to watch the Shanghai Index break through further, set a new intraday high before closing at noon, and once again stand at the 2250 point mark, but I never thought... At this time, the market trend that had made a strong breakthrough suddenly stagnated, and many stocks that were rising well Popular stocks suddenly saw a huge increase in selling orders and their stock prices plummeted.