The investment era of rebirth

Chapter 365 The Market's 'Dinghaishenzhen'!
"Sure enough, exactly as you expected."

Seeing the closing results of the two markets, Yuhang, Yuhang Investment Company, and the internal trading room, Li Meng said in amazement: "The Shanghai stock index recovered most of the intraday diving losses, but it did not rashly hit the 2200 mark again. Market investment sentiment, Compared with the early trading, although there is a decline, it is still stable, and the effect of losing money in the two cities is not great."

"According to this market trend, the follow-up index will fluctuate slightly, digesting a wave of floating chips in the market today."

"Gathering market sentiment and main capital strength again, the probability of going up to 2200 points and crossing this pressure threshold is quite high."

Su Yu stared at the fixed market of the two markets, and responded with a smile: "The closing result is better than I expected!"

Originally, he thought that when the stock index rebounded to the 2190 mark just now, there would be some main funds who couldn't bear it, and wanted to kick the barrier, but he didn't expect what he was worried about, but it didn't happen. In terms of position, it still develops according to the ideal state he envisioned.

"The key is that the volume can explode." Li Meng said, "The turnover of the two cities has reached the 1000 billion mark for the first time this year, which should bring about quite a positive emotional effect. Confidence, and at the same time such a large turnover fluctuation, also fully demonstrates that the market's bargaining chips around 2200 points have loosened a lot during today's market trading."

"Indeed!" Su Yu nodded slightly, "Other big funds that are smart in the market should be aware of this."

"Master, today's 'infrastructure' and 'state-owned enterprise reform' are the two core main lines of the market, and the related popular stocks have quite different disks, and because of the excessive short-term gains, there are too many short-term profit margins accumulated. With the short-term sharp rise, most of these popular stocks have already touched the heavy hold-up area above..." Liu Yuan took the words and said, "I am afraid that in the follow-up market shock adjustment, the adjustment of these two core main lines will be higher than the index adjustment. Can it be more intense?"

Su Yu nodded and said: "This is for sure. In the two major market core areas of 'infrastructure' and 'state-owned enterprise reform', many core stocks with excessive short-term gains need to build a bargaining platform here to solve the short-term excess. The profit margins and the heavy hold-up around this position can continue to create room for upward movement in the future.”

"Of course, the same sentence..."

Su Yu paused, and continued: "Market adjustments are inevitable, but there is no need to be pessimistic. The position of the index cannot go down. As for the two core market lines of 'infrastructure' and 'state-owned enterprise reform', institutions hold positions on the market. When both are at the lowest level, there are still countless funds outside the market, waiting for the low-level rush to enter the market, the strength of the market should be stronger than other industry sectors in the two cities, so there is no need to worry too much .”

"President Su, at the end of today, many low-level non-core concept stocks in the direction of 'infrastructure' and 'state-owned enterprise reform' suddenly changed, and they all rose in a straight line. This should be what you said, the high and low market in the sector. ?” During Su Yu’s answer to Liu Yuan’s question, trader Zhao Lijun also hurriedly asked, “In the subsequent market adjustment, will this ‘high-low switching’ market continue to perform?”

Su Yu thought for a while, and responded: "There should be a certain degree of continuous performance. After all, these stocks have seriously lagged behind the market's gains before, and have not been touched by the two core themes of 'infrastructure' and 'state-owned enterprise reform'. At this moment... ... These batches of stocks are pulled out by hot money. According to the concept of 'infrastructure' and 'state-owned enterprise reform', there must be a demand for supplementary growth, and at this time, this angle of speculation, this direction of speculation...all can be obtained by the market Most investors agree."

"And the money-making effect of the two core lines of 'infrastructure' and 'state-owned enterprise reform', the majority of investors in the market already have a fairly clear understanding."

"So, this action of hot money on the 'high and low switch'."

"From the hype of core stocks to fringe stocks, it is quite wise to let the scope and sentiment of the mainline hype continue to deepen and spread."

"Well, since the logic is approved."

"With the increasing market attention on this line, the natural market can continue."

"However, the hype logic and underlying foundation of these stocks are still based on the two core main lines of 'infrastructure' and 'state-owned enterprise reform'. Internally, there is a better profit-making effect, so these marginal stocks that are not pure in concept will naturally be abandoned by the main funds of the speculation in an instant, and re-reduced to the edge of the two core main lines of speculation.”

"In other words, the changes in these stocks at the end of today are the so-called high-low switching within the sector."

"It can only be used as a short-term market substitute for the two core lines of 'infrastructure' and 'state-owned enterprise reform', and the adjustment stage of internal popular core stocks."

"And as a substitute to hype the market."

"Under the dominance of hot money, participation is extremely difficult, and the upside of stock prices is also difficult to predict."

"In the face of such a market, it is okay to participate in small positions and play games and speculate with the hyped hot money, but it is unwise to intervene with large-scale heavy positions. After all, in terms of underlying investment logic, these stocks do not have sustainable future expectations. , and there is no sign of a fundamental shift.”

"Understood!" Zhao Lijun nodded slightly.

"Actually..." Su Yu paused for a while, facing all the traders in the trading room, and continued, "Everyone must know how to choose opportunities when trading and investing."

"Be able to understand what is a big opportunity and what is a small opportunity."

"And we must know how to give up small opportunities and choose big ones at the critical moment when the market conditions change."

"In the current market changes, the two core areas of 'infrastructure' and 'state-owned enterprise reform' have seen a net inflow of large-scale main funds in the past few days. The popular leading stock market is the main big opportunity. Changes, these concept fringe stocks speculated by hot money following the trend, are small opportunities that can be ignored.”

"We are using funds to take positions in target stocks."

"In fact, while choosing one opportunity, we are giving up other opportunities."

"After all, no matter who the market participants are, the amount of funds in their hands is limited. Naturally, the opportunities for choices are also limited, just like people cannot sit on two chairs at the same time. Therefore, there is no need to be jealous of what happens in the market. Every opportunity we have, we only need to seize the main ones, the ones we can grasp."

"Indeed, I want everything, but I often get nothing in the end." Hearing Su Yu's understanding of the transaction, Li Meng also agreed with him very much. He was somewhat enlightened, and smiled authentically, "Grasp the big and let go of the small, know how to make trade-offs." , in the transaction, it is indeed very important."

"Okay, let's replay everyone!"

Seeing that he had finished what he had to say, Su Yu gave a brief instruction, then turned his head and continued to study the board.

And many traders, under Su Yu's order, also lowered their heads, leaned in front of the computer desk, sorted out today's market trend, and wrote the resumption report.

With the review of traders, and the voices of market discussions from time to time.

At this moment, in the online stock trading forums, the financial media community, the financial news section, and the major online and offline investment discussion groups, the general market investor groups are also discussing today's market performance fiercely. Many voices are equal.

"With such a huge earthquake, the market outlook must be tough again!" Someone expressed emotion after careful review and analysis.

"I also feel that the market outlook is not optimistic. Although several major indexes closed positive today, they did not reach the key points. The market's collective long breath has been vented."

"Hey, the stock index did not stand at 2200 points, I really feel like a stick in my throat."

"I tried it in the market, but I can't stand firm. What can I do? The so-called market evolution, if it does not go up, it will go down. This kind of trend pattern, the market outlook adjustment, must be inevitable."

"Not necessarily? If the market is really going to fall, why pull it back in the afternoon? I feel that today is more like a main wash."

"Yesterday it was said that it was the main force washing dishes, but it is still reasonable. Today is obviously not it? The pullback in the afternoon feels more like a lure, and there is no real strength to attack."

"The rebound in the afternoon can be increased. Although it is weaker than in the morning, it can't be said that it is not strong?"

"But I can't stand 2200 points, it's still equal to zero."

"That's right, if the Shanghai stock index is not stable at 2200 points, it means that it can't break through the pattern of box shocks, and the stock index has three consecutive positives. Today, the market has placed such a large amount, and it can't break through. It will definitely step back in the future."

"Let's see the Dragon and Tiger Rankings..."

"Yes, let's look at the Dragon and Tiger Rankings. If there is no sign of a reduction in the positions of Mr. Su's 'Wealth Road', then today is a dishwashing. If Mr. Su's 'Wealth Road' has reduced its positions today, then the index will definitely not be able to avoid adjustments. To be honest... At the position of 2200 points in the Shanghai Stock Exchange Index, holding chips, I am really a little panicked."

"Boss Su's 'Fortune Road' seats, Huaguo China Railway, Beixin Road and Bridge, which have appeared on the Dragon and Tiger List, have not seen a large amount of turnover today. I feel that President Su must not be out, and maybe he has increased his position. I I believe that the funds that hit the market above 2200 points in the early trading today can never be Mr. Su."

"The Beixin Road bridge board sold 6700 million yuan, isn't that considered a high volume?"

"At least it's not broken?"

"But the differences are getting bigger, and it will definitely not be able to last tomorrow."

"I will look at the trading seats on the Dragon and Tiger List later. Anyway, in this position, although the index is under great pressure to break through upwards, I am still cautiously bullish."

"Yes, I really don't believe that the two main lines of 'infrastructure' and 'state-owned enterprise reform' can't bring the stock index past 2200 points. At least today's trend, no matter how the index performs, 'infrastructure' and 'state-owned enterprise reform' The performance of the main line of the big core is still very strong, and I feel that the market of these two main lines has not finished."

"It's definitely not over. Mr. Su's structure doesn't mean there is only so much market space."

"However, it is also true that the market sell-off has been extremely heavy."

When the differences between the bulls and the bears are extremely fierce, neither the bears nor the bulls can fully convince the other party, and each has sufficient logical proof.

The time quickly swiped to 5:30, and the rankings of dragons and tigers in the two cities were refreshed.

I saw that after yesterday's full-scale market explosion and today's huge market volatility, a total of 23 stocks in the two cities have been listed on the Dragon and Tiger List. Among them, Beixin Road Bridge, Shibei High-tech, Waigaoqiao, Shanghai Sanmao, A number of popular stocks such as Shanghai Steel Union, China Fortune Land Development, Huaguo MCC, and Huaguo China Railway have made the list one after another.

"Sure enough, let me just say, Mr. Su is not out yet, the market outlook is promising, the future market is promising!"

Facing the refreshed list of dragons and tigers in the two cities, countless investors in the market searched, but did not find Su Yu's seats on "Wealth Road" and "Fusheng Road". The idea of ​​"more market outlook" has become more and more firm.

"There really is no 'Fortune Road', and Mr. Su has completely locked up his position today!"

"Pattern, this is called pattern!"

"Beixin Luqiao's selling seats were actually sold for only 500 million yuan. This shows that most of the selling on the daily limit board today are retail investors!"

"Damn it, the daily limit is washing the dishes?"

"This is not called daily limit washing, it's just that those who can't hold the bargaining chips have left."

"Haha, on popular stocks, the main force of the big funds is still there. Sure enough, in this position, it is not the main force at all who are panicking, but a group of large and retail investors."

"There are also sales of institutional seats, but the amount of selling funds is not large."

"Today's selling volume of institutional seats is negligible compared to yesterday's buying volume, and the net buying volume of institutional seats that appeared on the Dragon and Tiger List today is still over [-] million."

"Let me just say, this position, there is no need to panic at all, and there is no need to be short-sighted."

"The funds that were laundered today deserved to be laundered, what the hell...so good a breakthrough opportunity in the early trading, and such a good mood was thrown away, they deserved to be laundered."

"I feel that the market will continue to break through tomorrow!"

"It is necessary. Judging from the Dragon and Tiger Rankings, the main funds clearly have a large net inflow. This has proved that the main funds in the market are strongly optimistic about the market outlook."

"In a word, those who are short-sighted are all fools."

"Hey, I'm short today, maybe I'll be long tomorrow, I hope the index will continue to rise, so that these guys who smashed the market today will be short, and finally have to chase the high and enter the market."

"Sure enough, President Su still has a big structure, and the market fluctuates violently, but he can't move like a mountain."

"Hey, guarding stocks is like being a widow. I have realized this today. It's okay, it's okay... hold the bargaining chip, and there is no panic selling."

"Indeed, today's trend is exciting, too exciting!"

"Today's data on the Dragon and Tiger Rankings is really enough to slap bears in the face. Let's see, these guys who sing empty today will definitely catch up tomorrow."

"Hey, just wait for this group of guys who are singing empty to do somersaults."

"Beixin Road and Bridge is the only three-linked board stock in the market today. The leading attribute should have come out, right?"

"The overall leader should be Beixin Road and Bridge. After all, judging from today's trend and the data of the dragon and tiger list, Shibei High-tech is still not far behind."

"It's true that Shibei High-tech's fried board is back sealed today, and it's a lot weaker. After all, it's only 2 boards, so it's blown up!"

"But in terms of bargaining chips, Shibei High-tech should be better than Beixin Road and Bridge, right? Let's see tomorrow... It's really hard to say who can go further with these two checks."

"Hey, but today, whether it is Beixin Road Bridge or Shibei High-tech, there should be different buying points, right? It's a pity, seeing the market diving from a high platform, with such a large amplitude, I was still timid at the end. I didn't dare to enter the position. I don't know what will happen tomorrow. Sentiment has picked up again, and the market has turned from divergence to consensus, and there is no opportunity to buy."

"Should there be? I feel that Beixin Road and Bridge will be difficult to open up space without a wave of violent changes of hands."

"Not necessarily. With the support of Mr. Su's 'Fusheng Road' seat, Beixin Road and Bridge may be able to reach the 5th board in one go before adjusting."

"No matter what, since Mr. Su has completely locked up his position today, he can't easily look short again."

After the refreshment of the two city's dragon and tiger rankings, amidst the heated market discussions, the long-short trend began to change sharply. The bulls regained their advantage and gradually suppressed the voices of the short-sellers, which drove the market investment sentiment and slowly recovered.

And in the process...

The financial media, financial big V, and analysts of various brokerage institutions continued to sing too much without thinking, and summed up a lot of market positives, as well as various multi-party analysis reports.

Of course, when the voices of the majority of retail investors in the market and the main institutions in the market gradually converge again.

In the hot money circle at this moment, many hot money in the market have become cautious after seeing the status of large funds in various departments on the Dragon and Tiger List.

"The two core themes of 'infrastructure' and 'state-owned enterprise reform' do not seem to diverge enough today!"

Among them, in the Yuhang hot money group where Su Yu belongs, someone frowned and expressed emotion: "There are not enough differences and insufficient exchange of chips, so it is difficult to continue to open up space. After all, there are too many people sitting in sedan chairs. It will be difficult, and I am not so willing to carry sedan chairs for so many people."

"It is true that there are not enough differences!"

"I didn't expect the two main lines of 'infrastructure' and 'state-owned enterprise reform' to have such a stable bargaining chip structure?"

"Because of Mr. Su's two major seats of 'Fortune Road' and 'Fusheng Road', the confidence of many funds in holding shares on these two main lines is obviously stronger than that of other sectors in the two cities, so... the wash is natural It will be even more difficult.”

"There are too many short-term profit chips, and the market is heavily locked up. In addition, there are too many people sitting in sedan chairs, so there will be no major differences. Let the chips be exchanged fiercely. I am afraid that in this position, 'infrastructure' and 'state-owned enterprise reform 'With these two main lines, it is not easy to continue to develop upside space!"

"And these two main lines are not on the line, and it feels like the Shanghai Stock Exchange Index breaks through 2200 points, and there is no hope."

"President Su's seat blessing has slowed down the changes in the internal bargaining structure of the two main lines, and the slow change in the bargaining structure will naturally lengthen the time for market adjustment."

"Looking at it this way, the short-term market may still be volatile."

"It will inevitably continue to fluctuate. After all, today's market volume has reached about 1000 billion, and it has not stood at 2200 points. There are floating chips in the market, a lot of short-term profit taking and a huge amount of holdings around 2200 points. No matter what Only by cleaning up can the upward pressure on the market be reduced and the index complete a real breakthrough.”

"But judging from today's main funds, the net buying volume on the Dragon and Tiger List..."

"There are a lot of large institutional funds that want to increase their positions at a low level. It is estimated that the index and the two main lines of 'infrastructure' and 'state-owned enterprise reform' are unlikely to fall, right?"

"If it can't go up, and can't go down, then it can only fluctuate sideways, and it will be digested slowly."

"Hey, the market has entered a long-short intertwined state. I am afraid that the market in the next few days will not be as easy to do as the previous few days."

"Well, this is for sure. If the index does not go up to 2200 points, then the market will inevitably diverge. Regardless of the main market or other branch market, the difficulty of operation will naturally increase, and the market sentiment premium, in this case It will gradually weaken."

"If that's the case, then you can't make a high board."

"Tomorrow, Beixin Road and Bridge, Shibei High-tech, Shanghai Sanmao, Waigaoqiao, China Fortune Land Development, etc. will continue to diverge in sentiment and market trends, right? There are some opportunities to participate in the "low-level compensatory growth concept stocks" driven by the two main lines of "state-owned enterprise reform."

"I also feel that tomorrow's 'infrastructure' and 'state-owned enterprise reform' hot stocks will definitely diverge."

"The more divided, the better. At this time, what we want is disagreement."

"Yes, only enough differences and enough exchange of chips can bring about a new market and achieve a sufficient market height."

"I'm afraid that the divergence is too large, which will bring down the sentiment of the market to go long!"

"As long as Mr. Su, the core force of the market's weather vane, does not sell on a large scale, the problem should not be big. According to Mr. Su's trading behavior on the two main lines of 'infrastructure' and 'state-owned enterprise reform', I think he is in this position. There is absolutely no way a massive sell-off will be possible."

"The two core themes of 'infrastructure' and 'reform of state-owned enterprises' were launched by Mr. Su. Although the popular stocks related to these two main themes have risen a lot in the short term, under the support of strong expected logic, it is obvious that there is still There is still a lot of room to come out. Mr. Su is heavily involved in this field, and he will definitely not sell on a large scale here to take profits. As long as his "Shenzhen needle" of the market does not move, the hope in the hearts of investors will not be extinguished. Then in the index shock, the market’s long sentiment will not be depressed to a situation where it is completely suppressed by short forces.”

"It makes sense. Generally speaking, this position needs to be cautious, but it is not appropriate to be overly bearish."

"First do a wave of high-low switching market, and then wait for Shibei High-tech, Beixin Road Bridge, Waigaoqiao, Shanghai Sanmao, China Fortune Land Development, Huaguo MCC, Huaguo China Railway... a large number of 'infrastructure',' After the state-owned enterprise reform' hot stocks have been fully adjusted, they will take the second wave of rising market."

"Well, sure enough, such a market driven by blue-chip core stocks in the broader market still has to follow the trend."

"There's nothing wrong with following the trend!"

"Patience! Next... it should be time to be more patient."

The news in the group was refreshed rapidly, and the time moved to 6:[-] pm. The good news from the macro perspective was released again. At the same time, the foreign investment bank and Media Asia Bank, which are used for the strategic development of the "big country infrastructure", also reported the news of their establishment. This has greatly boosted the investment logic of the main line of the market'infrastructure' and the imagination space for future expectations.

And, when the time comes for evening...

In the direction of the main line of 'state-owned enterprise reform', among the hundreds of 'state-owned holding' background stocks in the two cities, 6 more stocks announced the suspension of restructuring and mixed reform, and such news further stimulated the 'state-owned enterprise' The hype sentiment and expected space of the main line of reform'.

However, it comes from the positive aspects of the market and the macro.

After further stimulating the market's long-term sentiment, in less than three hours, this resurgent high-spirited long-term sentiment fell again amid the sharply lower opening of the external market, and after a night of external trading, when U.S. stocks finally closed down sharply, and when the entire global financial market was slowly filled with panic, this kind of pre-market bullish sentiment stimulated by the positive market conditions fell directly to the bottom and was once again suppressed by the short sentiment.

Finally, Friday, April 4, at 25:9 a.m.

When the two cities once again ushered in call auctions, the market's long-term sentiment has been completely shrouded in the shadow of short-seller sentiment. Various industry sectors and concept sectors in the two cities opened lower one after another. The entire market has a total of more than 1800 stocks, more than 75% of the stocks opened lower in the green market.

Among them, what surprised the majority of investors in the market...

Many popular core stocks in the two major areas of 'infrastructure' and 'state-owned enterprise reform' that performed quite strongly in the past few days, under the circumstances of the positive market stimulus last night, today in the initial stage of call auction, they lagged behind the other stocks in the two cities by a large margin. The performance of stocks in the field showed a fairly obvious compensatory decline pattern.

(End of this chapter)