The investment era of rebirth

Chapter 366 Buying Points and Selling Points!
"Open lower, make up for the fall!" Seeing the initial call auction situation in the market, Li Meng, who was staring at the market inside Yuhang and Yuhang Investment, and in the trading room, also showed obvious surprise in his eyes, "Stimulated by the good news, the emotions It's really unexpected that it's so weak."

"It's not surprising." Su Yu stared at the market on the big screen in the trading room, and said, "The external market fell sharply for two consecutive days, which sent a very bad signal. In addition, the market fluctuated violently yesterday, and it still failed to reach 2200 points. The threshold has caused many investors in the market to fail their expectations, resulting in a depressed mood at the beginning of today's trading."

"As for the two main lines of 'state-owned enterprise reform' and 'infrastructure', they are suddenly weaker than the market."

"This is also the short-term profit accumulated in these two fields, which is obviously more than that of other conceptual fields in the two cities. At the moment when the overall market sentiment is low and the bargaining chips are loose, the differentiation form of these two fields and the situation of capital selling are naturally It will also be larger than other conceptual fields.”

"but……"

Su Yu paused for a while, then continued: "It's still the same sentence, there is no need to be pessimistic."

"The trend of U.S. stocks can affect the opening sentiment of A shares, but it cannot affect the sentiment trend of the stock market throughout the day, as well as the main capital activities. Moreover, U.S. stocks are adjusted from high volatility, while A shares are adjusted from the lowest position. There is an essential difference between the two in terms of the overall trend shape."

"On the macro level, the domestic economic structure and growth momentum are far stronger than those of the United States."

"Therefore, there is no reason to be pessimistic no matter how you analyze it."

"What's more, the two main lines of 'infrastructure' and 'state-owned enterprise reform', taking advantage of the wave of panic in the periphery, are not a bad thing to differentiate and adjust. On the contrary...if this wave of adjustments is sufficient, the subsequent market sentiment will pick up. , the height space that comes out will exceed expectations.”

"In this case, it is a good thing for the main market to open lower and make up for the decline?" Li Meng asked a little puzzled, not quite understanding.

Su Yu nodded and said: "We all know that the basic logic of the two main lines of 'infrastructure' and 'state-owned enterprise reform' is hard, there are expectations, and there is room for imagination. The main funds that entered the market a few days ago have been desperately taking money. , without any bargaining chips, then do you think these two major market trends, in this case, can make room for it?"

"Any mainline market will not go far without continuous exchange of chips."

"There are too many people sitting in sedan chairs in the venue, and people outside the venue can't lift it, so naturally they won't lift it. This hype principle is applicable regardless of short-term emotional hype or long-term trend hype."

"Only when there is disagreement can there be a market."

"Often the divergence in the market is where the market is generated."

"Because of differences, it means that the exchange of chips is sufficient, and it means that a new force in the market is brewing and forming."

"On the other hand, the two major market core lines of 'infrastructure' and 'state-owned enterprise reform' have risen sharply in recent days, and short-term profit-making orders on the market have piled up very heavily. For a part, such a heavy sedan chair cannot be lifted by the incremental funds that are constantly following up outside the venue, and even if it can continue to be lifted for the time being, the room for a forced attack will be greatly reduced."

"Nowadays, the external market has plummeted, and the sentiment on the market has returned to the downturn due to the superposition of various factors."

"Short sentiment has once again suppressed the market."

"Under such a situation, some of the funds that have already made profits in the market, considering the possible decline in the market, or even the risk of a plunge, will have a much stronger desire to take profits than those investors who are not deep in their positions and stop losses. Many, after all, under the shadow of the bear market atmosphere, in the flaws of human nature, the bargaining chips for profit are often not as good as the bargaining chips for losses."

"Originally, I was still thinking about..."

"If today's market sentiment continues to surge at the opening, the chips on the two main lines of 'state-owned enterprise reform' and 'infrastructure construction' cannot be washed away. A small part of the chips can be appropriately released to suppress market sentiment and be a short bait. Now Let's see...it's useless."

Hearing Su Yu's words, Li Meng looked at him in surprise, and said, "So, today's trend is just taking advantage of your wishes?"

Su Yu smiled lightly, and replied, "You can say that!"

While the two were talking, the market trading time had already moved to 9:18.

I saw that after 3 minutes of initial call auctions, the two main concept areas of 'infrastructure' and 'state-owned enterprise reform', related popular stocks, were sold more and more heavily, and the stock price performance was also getting lower and lower, even... the core hot spots Among the stocks, Beixin Road and Bridge, which is regarded as the concept leader of the two cities by the majority of investors in the market, has a premium of 9% at 15:8, and has fallen back to 3 %, and continued to fall over time.

As for the other 'Shibei High-tech, Waigaoqiao, Shanghai Sanmao, China Fortune Land Development, Kumho Group' and other popular stocks with the core concept of yesterday's daily limit.

The premium at this moment is almost nothing.

Among them, China Fortune Land Development and Kumho Group have turned green, and their stock prices have gradually fallen into deep water.

"But looking at the market trends of these two main lines, it is indeed a little scary." Li Meng continued to focus on the market trends of the two cities.

Su Yu responded: "It's not scary, how can it attract selling from all walks of life and generate a large number of changes in hands?"

"Master, the opening of the market yesterday was the high point of the market sentiment throughout the day, and today's opening is probably the low point of the market sentiment throughout the day, right?" Liu Yuan, who was also staring at the market seriously, continued, "You said that the market's buying and selling points And emotional nodes, often coincide, which means that today's opening should be a buying point within the day, right?"

"It's hard to judge whether it's the lowest point of the mood in the whole day, but it's near the low point for sure." Su Yu responded to Liu Yuan, "You shouldn't make a big mistake if you want to buy in a small position at the opening of the market and do T."

"Hey, Mr. Su..." During Su Yu's response to Liu Yuan, Zhao Lijun suddenly interjected, "Although the fields of 'state-owned enterprise reform' and 'infrastructure' are generally backed up today, what changed at the end of yesterday is what you called low-level compensation. The fringe garbage concept stocks that have risen hard on the concept of "state-owned enterprise reform" and "infrastructure" have performed well, and there are two or three stocks that have opened sharply higher, and there is a lot of rush to raise funds on the market."

"These votes were not paid attention to before, and the position is very low, and there is no internal profit-making to suppress the market. All the popular leading votes have been pulled back, and the basic logic of the two main lines of 'infrastructure' and 'state-owned enterprise reform' has not been broken. Next." Su Yu said, "It's not surprising that hot money concentrates its strength and chooses this place to switch between high and low."

Although the external market plummeted, causing internal sentiment to reappear in a slump, and the market opened sharply lower, which was somewhat beyond his expectations, but the overall market changes, and even in the call auction stage at the beginning of the day, the main funds of various departments in the market The flow and attack position are still similar to what he expected.

"Huaguo China Railway and Huaguo MCC have opened lower by 3 points." Seeing that the call auction time was approaching 9:20, Li Meng frowned and asked, "Do we need a hand? It feels like such a drop, After yesterday’s market volatility, the long-term investment sentiment has weakened a lot, and there are signs of a complete collapse!”

Su Yu shook his head and said, "No, there are more smart funds in the market than we thought. I didn't get chips at the low position before, and the off-market funds that got empty are also more than we thought. Yesterday, I was able to make hundreds of billions of money." The market turnover proves that the market's ability to undertake is much stronger than we thought."

"Take a small position, just watch the show seriously!"

"The narrow shock range from 2140 points to 2180 points in the Shanghai stock index will not be broken."

With his voice, the time quickly passed 9:20, and the two cities entered the real call auction session of irrevocable orders.

I saw that after a large number of withdrawals in the last 1 minutes, the downturn in the two cities was better than that of the previous 5 minutes call auction. Although the number of stocks opened at a low level remained at about 75%, there were already concept sectors A red plate has a money-making effect.

Of course, since 9:15, the two core concepts of "infrastructure" and "state-owned enterprise reform" that have shown a weak form are still weak at this moment.

Building decoration, building materials, steel, and real estate have opened lower by more than 1.5%. Among them, the iron and steel sector is the weakest, with a drop of 1.83%. 1.43%, about 90% of the stocks in the sector opened lower.

Immediately afterwards, as the call auction time of the two cities elapsed.

The overall pattern of the two cities, as well as the performance of the industry sectors and concept sectors, have begun to stabilize. The number of selling orders and the number of buying orders have increased simultaneously. The strength of long and short positions seems to have reached a balance under the situation where the market opened sharply lower. Panic selling Emotions no longer continue to spread.

"It feels...it's not that bad!"

Seeing that the call auction situation in the market was gradually stabilizing, at 9:22, inside Zexi Investment and the fund trading room in Modu, Zhou Kan exhaled a long breath, and said calmly: "I thought we would open at least 2 points lower, but I didn't expect ...better than expected!"

"It's indeed better than expected!" Xu Xiang nodded slightly, "It seems that the market is really not easy to fall at this position."

"However, today's 'infrastructure' and 'state-owned enterprise reform' are the two major market core themes, and the mood is not very good." Zhou Kan continued, "I am afraid that these two main themes will be sharply corrected today."

Xu Xiang smiled lightly and said, "It's a good buy!"

"Buy some?" Zhou Kan asked in surprise.

Xu Xiang nodded, and continued: "Look at the two core market lines of 'infrastructure' and 'state-owned enterprise reform', the range of the opening of most popular stocks is not the same as the low point of yesterday's huge shock The location is about the same?"

Zhou Kan points out the K-line trend of core hot stocks such as Huaguo China Railway, Huaguo MCC, Huagong International, Huaguo Communications Construction, Huaguo CSR, Huaguo CNR, Pudong Construction, etc. After looking around, I found that today's call auctions of these stocks opened at a lower price, which coincided with yesterday's intraday shock lows. I couldn't help being very surprised, and asked, "What does the boss mean... these stocks still can't fall? "

"Obviously, the low-level acceptance of these tickets is very strong." Xu Xiang said, "There are countless funds from various departments on and off the field who want to raise funds from the two main lines at low positions, and there are many people who want to buy low-level tickets. There are obviously not enough people who want to sell, so it is naturally difficult for the stock price to fall sharply.”

"In addition, the emotional impact of the external market is short-lived."

"The Shanghai stock index has rebounded from a low level with a continuous big positive line, and has established a rebound trend and expectation. At the same time, it has also achieved sufficient market turnover in the past few days, activating market investment sentiment and the effect of making money. Such a situation, how can it be outside the market? A short-term emotional impact, can you fight?"

"Each financial trading market has its own trends and trends."

"Global financial markets, although linked, do not rise and fall in unison."

"A shares have just experienced extreme emotions and hit the bottom of the market. Now that the rebound trend is formed, it will not suddenly reverse again."

"That's why I said that today's low mood is a good buying point, not a selling point."

"Then we..." Zhou Kan heard Xu Xiang's words, paused, and continued, "Along with the two main lines of 'infrastructure' and 'state-owned enterprise reform', continue to increase the position?"

Xu Xiang nodded with a smile, and said, "Yes, continue to increase the position!"

"Okay!" Zhou Kan felt that his trading thinking still couldn't keep up with Xu Xiang, but this didn't affect his resolute execution of Xu Xiang's orders.

So, after he answered.

The next moment, he turned sideways to the traders behind him and gave an order to continue buying the relevant target stocks.

And with the Masukura of Zexi Investment...

Reflected on the market, when the call auction time passed 9:23, the "infrastructure" and "state-owned enterprise reform" sectors that opened sharply lower, related popular stocks, core stocks, and active buying on the market began to increase rapidly. The opening range is low, and it also decreases rapidly.

Finally, when 9:25 came, the call auction of the two cities ended.

The core industry sectors of "infrastructure" such as architectural decoration, building materials, steel, and real estate, as well as the concept sector of "state-owned enterprise reform", recovered almost one-third of the decline compared with 9:20, and the relevant indexes returned to 1 % to a drop of 1.2%.

As for the popular stocks and core stocks in the two major fields.

The lower opening range is mostly between 1% and 2%, which is not lower than the lowest point of the lower shadow line in yesterday's K-line shape.

And as the stock 'Beixin Road and Bridge' which has set the only three-linked board height in the two cities.

Also in the last 1 minutes of the call auction, it rose sharply, and finally opened 4.75% higher, with a turnover of more than 800 million, maintaining a strong state.

In addition to the two core themes of 'infrastructure' and 'state-owned enterprise reform' that have attracted much attention from market investors.

Other industry sectors and concept sectors in the two cities also recovered a lot of lower openings in the last 2 minutes of the call auction, and the final lower opening ranges were mostly distributed between 0.5% and 1.3%. Of course, among these sectors , The consumption and pharmaceutical sectors are in a rare red plate state.

Under the influence of all these industry sectors and concept sectors.

The major market indexes that everyone thought would open sharply lower have also maintained a relatively stable posture accordingly, and the lower opening ranges are all within 1 point.

Among them, the Shanghai Stock Exchange Index opened 0.79% lower and reported at 2158.16 points.

The Shenzhen Stock Exchange Index and the ChiNext Index opened lower by 0.81% and 0.86% respectively, and several major indexes swallowed up yesterday's gains.

Faced with such an opening situation, the majority of investors in the market, some are surprised, some are disappointed, and some are panicked... Long and short sentiments are still intertwined, and short sentiments still clearly dominate.

"Hey, it's still so low, I'm speechless!"

During the brief suspension of trading as the market entered the formal trading stage, some investors complained in the discussion forum of the stock trading platform.

"Although it opened lower by nearly 1 point, it is much better than the 4-point drop in U.S. stocks last night. A-shares are weak in the first place, and there is no requirement for big A to be able to move independently. Today, we can stabilize in this position. , is victory."

"The key is not the low opening range of the index, but the two main lines of 'infrastructure' and 'state-owned enterprise reform', which are obviously showing signs of collapse!"

"Indeed, today's 'infrastructure' and 'state-owned enterprise reform', the two core market themes, performed significantly lower than expected in the call auction. What the hell... there were quite a few of these two core themes last night. It’s so exciting, it actually opened like this today.”

"Judging from the entire call auction, the main funds of these two core main lines are obviously showing signs of retreating."

"It's been going up for three days in a row, why don't you ask people to adjust it? I think it's normal for these two main line concepts to make up for the drop today, and...to be honest, it hasn't fallen much, right?"

"It's not a question of how much it fell, but... these are the two main lines. In recent days, it is the first time that it has underperformed the Shanghai stock index and the broader market. In a weak market, such performance should arouse vigilance."

"I also feel wrong. I have already sold half of the warehouse in the call auction. I always did a roller coaster before. This time I finally caught a market. I can't do a roller coaster again. But I feel that the market of these two main lines has not finished. If I go back to the low position again, I will take back the half of the chips that I sold."

"My Beixin Road Bridge is also out of half warehouse. The three-linked board in front of this check is so strong. Today's call auction almost opened at a lower price. This is still supported by President Su's 'Fusheng Road' seat. I feel... this The check will also be adjusted, wait for it to fall and do the second wave of market.”

"Beixin Road and Bridge are okay. Shibei High-tech, Waigaoqiao, Shanghai Sanmao, China Fortune Land Development...these tickets that closed daily limit yesterday are the strange trend today. Under the support of good news, there is no premium, and they are still opened at a low price. Now, why keep it if you don’t sell it? I can see that today’s market conditions are definitely not on the two main lines of ‘infrastructure’ and ‘reform of state-owned enterprises’. In other words, these two main lines should indeed be adjusted.”

"Aggregated bidding for medicine and consumption is going strong."

"As for the safe-haven sector, if market expectations are poor, medicine and consumption will appear slightly stronger."

"This also shows in disguise that the main funds in the market are not optimistic about today's market trend?"

"I feel that the Shanghai Stock Exchange Index will really step on the support of 2000 points, reconfirming the bottom of the market, and the external trend is very bad, and the US stock market is a bit high. At this time, it is always good to be cautious."

"In today's market, if there is profit, you can pick it up after a low level, and if you are stuck, there is no need to move."

"Hey, I hope the market can stabilize. I finally got back a mouthful of blood, so I can't give it back!"

"It doesn't feel that bad, does it? In the last 2 minutes of the call auction, there are obvious signs of the main funds scrambling for funds. Maybe...the market will reverse again today."

"Let's look at the future performance of Beixin Road and Bridge. This check is the highest bid in the market. If it can make room again, then the market may reverse. Maybe there is hope."

"The two main lines of 'infrastructure' and 'state-owned enterprise reform' have clearly diverged between long and short today. It is extremely difficult for Beixin Road and Bridge to achieve a four-board height, but... it is not impossible, as long as Mr. Su's 'recovery Lu' once again made a strong increase in positions, I believe there will be other main funds to follow."

In the intense discussion of long and short intertwined...

The 5-minute short suspension time passed by in a flash, and at 9:30, the two cities ushered in the official trading session.

I saw that the stagnant market of the two markets had just started to jump, and the market that had been brewing for 5 minutes began to change rapidly. Among them, the stock 'Beixin Road Bridge', which was the core focus of the market, broke out five consecutive 1 pens within 8 minute. The huge purchase order directly pushed the stock price up to an increase of around [-]%, which stunned the investors who were pessimistic about this stock and rushed to sell it at the call auction.

(End of this chapter)